/raid1/www/Hosts/bankrupt/TCR_Public/180515.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, May 15, 2018, Vol. 22, No. 134

                            Headlines

ACUSPORT CORPORATION: Hires Allen Kuehnle as Ohio Co-Counsel
ACUSPORT CORPORATION: Hires Huron Consulting as Financial Advisor
ACUSPORT CORPORATION: Seeks to Hire Bryan Cave as Attorney
ACUSPORT CORPORATION: Taps Huron Transaction as Investment Banker
AKORN INC: S&P Cuts Rating to 'B' Pending Fresenius Deal

ALL-STATE FIRE: Seeks to Hire Smith & Lovell as Accountant
ALPHATEC HOLDINGS: Files Form 10-Q for the Quarter Ended March 31
AMERICAN TIRE: Moody's Cuts CFR to Caa2 Amid Rivals' Joint Venture
AMG INTERNATIONAL: Seeks to Hire A.J. Willner as Auctioneer
ANDERSON FARMS: Taps Maynes Taggart as Legal Counsel

BANESCO USA: Fitch Affirms 'B' Short-Term Issuer Default Rating
BERMUDA COMMERCIAL: Fitch Keeps Issuer Default Ratings at 'BB+/B'
BIKRAM'S YOGA: Trustee Taps DLA Piper as Legal Counsel
BIOSTAGE INC: Incurs $1.54 Million Net Loss in First Quarter
CALIFORNIA PIZZA: S&P Alters Outlook to Neg. & Affirms 'B-' CCR

CELADON GROUP: Delays Q1 Quarterly Report Due to Restatements
CELLECTAR BIOSCIENCES: Posts First Quarter Net Loss of $3.5M
CENVEO INC: Hires Greenhill & Co. as Co-Financial Advisor
CENVEO INC: Seeks to Hire BDO USA as Auditor
CHICAGO BOARD OF EDUCATION: S&P Rates Series 2018A-B GO Bonds 'B'

COCRYSTAL PHARMA: Registers 1.7 Million Shares Under 2015 Plan
COLLISION EXPRESS: Taps Erin E. Jones as New Legal Counsel
COMSTOCK RESOURCES: Signs Contribution Agreement with Jerry Jones
CONTRERAS TRUCKING: Taps Contreras Law Firm as Legal Counsel
CRT RECOVERY: Taps Mark S. Roher as Legal Counsel

DAYTON SUPERIOR: S&P Cuts Rating to 'CCC', Sees Covenant Breach
DYNCORP INT'L: Moody's Upgrades CFR to B2, Outlook Stable
EPIC Y-GRADE: S&P Assigns 'B' Corp Credit Rating, Outlook Stable
EXPRESS HOV: Taps Baker & Associates as Legal Counsel
EYEPOINT PHARMACEUTICALS: Files Form 10-Q Reporting $7M Q3 Loss

FAMILY PHARMACY: Taps Husch Blackwell as Legal Counsel
FHH PROPERTIES: Trustee Taps Heller Draper as Legal Counsel
FIRSTENERGY SOLUTIONS: Fitch Withdraws 'D' Issuer Default Rating
H-FOOD HOLDINGS: Moody's Assigns Caa2 Rating on Matterhorn Notes
HILLMAN GROUP: S&P Affirms 'B' Corp Credit Rating, Outlook Stable

J.P. QUESOS: Taps Marcos D. Oliva as Legal Counsel
MATTEL INC: Moody's Cuts CFR to B1 from Ba3, Outlook Stable
MELINTA THERAPEUTICS: Reports $29.4M Net Loss for First Quarter
MIAMI BEVERLY: Taps Leiderman Shelomith as Legal Counsel
MSC 2007 IQ16: Fitch Downgrades Class A-J Certs to Csf from CCCsf

NAPPY SHOPPE: Taps DeMarco-Mitchell as Legal Counsel
NATIONS INSURANCE: A.M. Best Affirms 'B' Financial Strength Rating
NINE WEST: Taps Berkeley Research as Financial Advisor
NINE WEST: Taps Munger Tolles as Conflicts Counsel
NJ COMMUNITY SPINE: Taps Thomas Totaro as Accountant

PLEDGE PETROLEUM: Director John Walter Has 9.3% Stake as of May 2
PLEDGE PETROLEUM: Director John Zotos Has 5.6% Stake as of May 2
POWER PRODUCTS: S&P Affirms 'B' Corp Credit Rating, Outlook Stable
PRINCETON ALTERNATIVE: Taps Sills Cummis as Legal Counsel
QGOG CONSTELLATION: Fitch Cuts Ratings to C on Payment Moratorium

QUANTUM CORP: SVP of Product Operations Quits
RENNOVA HEALTH: Files Amended Certificate of Incorporation
RENNOVA HEALTH: Stockholders OK Increase in Authorized Common Stock
SEARS HOLDINGS: Stockholders Elected Six Directors
SONICWALL HOLDINGS: Moody's Rates CFR 'B3' on Seahawk Split

STAR MOUNTAIN: Committee Taps Dickinson Wright as Legal Counsel
STONEMOR PARTNERS: Delays First Quarter Financial Report
SUMMIT FINANCIAL: Taps Ideal Corporate as Lending Broker
SUPERIOR BOILER: Taps Jeremie Tavisola as Real Estate Broker
TRIMAS CORP: S&P Raises Corp Credit Rating to 'BB', Outlook Stable

VISTRA ENERGY: Moody's Hikes Sr. Unsecured Notes Rating to Ba3
WILLBROS GROUP: Reports First Quarter 2018 Results
WRANGLER BUYER: Moody's Hikes CFR to B2 on PIK Notes Conversion
[^] Large Companies with Insolvent Balance Sheet

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ACUSPORT CORPORATION: Hires Allen Kuehnle as Ohio Co-Counsel
------------------------------------------------------------
AcuSport Corporation seeks authority from the U.S. Bankruptcy Court
for the Southern District of Ohio to employ Allen Kuehnle Stovall &
Neuman LLP, as Ohio bankruptcy co-counsel to the Debtor.

AcuSport Corporation requires Allen Kuehnle to:

   a. advise the Debtor of its rights, powers and duties as
      debtor in possession in the continued operation of
      business;

   b. advise and assist the Debtor in preparing all necessary
      applications, motions, answers, orders, reports, schedules
      and other legal documents required in connection with the
      administration of the bankruptcy case;

   c. review all financial and other reports to be filed with the
      Court or the U.S. Trustee in the bankruptcy case;

   d. advise the Debtor concerning debt and lease restructuring,
      executory contract and unexpired lease assumptions,
      assignments or rejections and related transactions;

   e. counsel and represent the Debtor regarding actions it might
      take to collect and recover property for the benefit of the
      estate;

   f. review the nature and validity of liens asserted against
      the Debtor's property and advise the Debtor concerning the
      enforceability of such liens;

   g. assist the Debtor in formulating, negotiating and drafting
      all necessary documentation related to the sale of
      substantially all of Debtor's assets pursuant to section
      363 of the Bankruptcy Code;

   h. assist the Debtor in formulating, negotiating, and
      obtaining confirmation of a plan of reorganization, and
      preparing other related documents;

   i. perform other legal services for and on behalf of the
      Debtor as may be necessary or appropriate in the
      administration of business and this chapter 11 case;

   j. perform all other services assigned by the Debtor, in
      consultation with Bryan Cave, to Allen Kuehnle as co-
      counsel to the Debtor.

Allen Kuehnle will be paid at these hourly rates:

     Richard K. Stovall, Partner             $390
     J. Matthew Fisher, Partner              $335
     Kenton L. Kuehnle, Partner              $300
     James A. Coutinho, Associate            $300
     Erin L. Gapinski, Associate             $275
     Philip K. Stovall, Associate            $245

As of the Petition Date, after deducting pre-petition expenses and
costs, the sum of $66,705 remained on deposit in Allen Kuehnle's
trust account as a retainer balance.

Allen Kuehnle will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Thomas R. Allen, partner of Allen Kuehnle Stovall & Neuman LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Allen Kuehnle can be reached at:

     Thomas R. Allen, Esq.
     Richard K. Stovall, Esq.
     J. Matthew Fisher, Esq.
     Erin L. Gapinski, Esq.
     ALLEN KUEHNLE STOVALL & NEUMAN LLP
     17 South High Street, Suite 1220
     Columbus, OH 43215-4100
     Tel: (614) 221-8500
     Fax: (614) 221-5988
     E-mail: allen@aksnlaw.com
             stovall@aksnlaw.com
             fisher@aksnlaw.com
             gapinski@aksnlaw.com

              About AcuSport Corporation

Based in Bellefontaine, Ohio, AcuSport Corporation is a nationwide
distributor of shooting sports products and business solutions for
the independent firearms retailer with regional sales offices in
Ohio, Pennsylvania, Georgia, Minnesota, Texas, Montana and
California.

AcuSport Corporation, based in Bellefontaine, OH, filed a Chapter
11 petition (Bankr. S.D. Ohio Case No. 18-52736) on May 1, 2018.
The Hon. John E. Hoffman Jr. presides over the case.  In the
petition signed by John K. Flanagan, chief financial officer, the
Debtor estimated $10 million to $50 million in assets and $50
million to $100 million in liabilities.

The Debtor hired ALLEN KUEHNLE STOVALL & NEUMAN LLP, as local
counsel; BRYAN CAVE LEIGHTON PAISNER LLP, as general counsel; ALLEN
KUEHNLE STOVALL & NEUMAN LLP, as Ohio bankruptcy co-counsel HURON
TRANSACTION ADVISORY LLC, as investment banker; HURON CONSULTING
SERVICES LLC, as financial advisor; DONLIN RECANO & COMPANY, INC.,
as claims noticing & solicitation agent.


ACUSPORT CORPORATION: Hires Huron Consulting as Financial Advisor
-----------------------------------------------------------------
AcuSport Corporation, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Ohio to employ Huron Consulting
Services LLC, as financial advisor to the Debtor.

AcuSport Corporation requires Huron Consulting to:

   a) evaluate restructuring or wind-down alternatives;

   b) participate in discussions and negotiations with the
      Debtor's various stakeholders, including lenders, suppliers
      and other parties impacted during the course of the
      bankruptcy case;

   c) lead and advise the Debtor's sharing of information with
      the Debtor's lenders and other stakeholders;

   d) regularly review the Debtor's liquidity outlook to support
      a cash collateral budget and a wind-down budget that my
      include an asset sale and effectuate the initiatives
      memorialized in the Flanagan Declaration;

   e) advise the Debtor on working capital management and
      liquidity enhancement initiatives to enhance liquidity;

   f) review and support the Debtor's process on terms that will
      support the Debtor's overall restructuring efforts, working
      closely with Huron Transaction Advisory already engaged in
      a separate engagement letter; and

   g) assist management and perform other tasks as determined by
      the Debtor and the status of the bankruptcy case.

Huron Consulting will be paid at these hourly rates:

     Managing Director               $750-$975
     Senior Director/Director        $550-$725
     Manager                         $425-$525
     Associate                       $350-$400

Huron Consulting will be paid a retainer in the amount of $100,000.
During the one-year period immediately preceding the Petition Date,
Huron Consulting has received the amount of 1,102,772.72.

Huron Consulting will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Daniel Wikel, managing director of Huron Consulting Services LLC,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Huron Consulting can be reached at:

     Daniel Wikel
     HURON CONSULTING SERVICES LLC
     550 W Van Buren
     Chicago, IL 60607
     Tel: (312) 880-3003
     E-mail: dwikel@huronconsultinggroup.com

              About AcuSport Corporation

Based in Bellefontaine, Ohio, AcuSport Corporation is a nationwide
distributor of shooting sports products and business solutions for
the independent firearms retailer with regional sales offices in
Ohio, Pennsylvania, Georgia, Minnesota, Texas, Montana and
California.

AcuSport Corporation, based in Bellefontaine, OH, filed a Chapter
11 petition (Bankr. S.D. Ohio Case No. 18-52736) on May 1, 2018.
The Hon. John E. Hoffman Jr. presides over the case.

The Debtor hires ALLEN KUEHNLE STOVALL & NEUMAN LLP, as local
counsel; BRYAN CAVE LEIGHTON PAISNER LLP, as general counsel; ALLEN
KUEHNLE STOVALL & NEUMAN LLP, as Ohio bankruptcy co-counsel HURON
TRANSACTION ADVISORY LLC, as investment banker; HURON CONSULTING
SERVICES LLC, as financial advisor; DONLIN RECANO & COMPANY, INC.,
as claims noticing & solicitation agent.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $50 million to $100 million in liabilities. The petition
was signed by John K. Flanagan, chief financial officer.



ACUSPORT CORPORATION: Seeks to Hire Bryan Cave as Attorney
----------------------------------------------------------
AcuSport Corporation, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Ohio to employ Bryan Cave
Leighton Paisner LLP, as attorney to the Debtor.

AcuSport Corporation requires Bryan Cave to:

   a. advise the Debtor of its rights, powers and duties as
      debtor in possession in the continued operation of
      business;

   b. advise and assist the Debtor in preparing all necessary
      applications, motions, answers, orders, reports, schedules
      and other legal documents required in connection with the
      administration of the bankruptcy case;

   c. review all financial and other reports to be filed with the
      Court or the U.S. Trustee in the bankruptcy case;

   d. advise the Debtor concerning executory contract and
      unexpired lease assumptions, assignments or rejections and
      related transactions;

   e. counsel and represent the Debtor regarding actions it might
      take to collect and recover property for the benefit of the
      estate;

   f. review the nature and validity of liens asserted against
      the Debtor's property and advise the Debtor concerning the
      enforceability of such liens;

   g. assist the Debtor in formulating, negotiating and drafting
      all necessary documentation related to the sale of
      substantially all of Debtor's assets pursuant to section
      363 of the Bankruptcy Code;

   h. formulate and implement a chapter 11 plan; and

   i. perform other legal services for and on behalf of the
      Debtor as may be necessary or appropriate in the
      administration of business and this Case.

Bryan Cave will be paid at these hourly rates:

     Attorneys                       $485-$625
     Paralegals                      $250-$275

During the one-year period preceding the Petition Date, Debtor paid
Bryan Cave approximately $1,733,903.33, less a $47,000 refund that
Bryan Cave issued in April 2018. Of that amount, Bryan Cave
estimates that approximately $433,040.40 was in respect of work in
contemplation of Debtor's bankruptcy filing.

By way of additional disclosure and clarification, on February 22,
2018, Bryan Cave issued invoice to Debtor for $120,890.59, at which
point, the amount owing to Bryan Cave exceeded its retainer by
approximately $46,702.13. Bryan Cave subsequently refunded Debtor
$47,000 on April 16, 2018 in respect of the invoice and wrote off
the remaining balance of that invoice. Otherwise, the amount owing
to Bryan Cave has not exceeded Bryan Cave's retainer amount during
the 90-day period preceding the Petition Date.

Bryan Cave will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Jason J. DeJonker, partner of Bryan Cave Leighton Paisner LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtor and its estates.

Bryan Cave can be reached at:

     Jason J. DeJonker, Esq.
     BRYAN CAVE LEIGHTON PAISNER LLP
     161 N. Clark Street, Suite 4300
     Chicago, IL 60601
     Tel: (312) 602-5000
     Fax: (312) 698-7405
     E-mail: jason.dejonker@bclplaw.com

              About AcuSport Corporation

Based in Bellefontaine, Ohio, AcuSport Corporation is a nationwide
distributor of shooting sports products and business solutions for
the independent firearms retailer with regional sales offices in
Ohio, Pennsylvania, Georgia, Minnesota, Texas, Montana and
California.

AcuSport Corporation, based in Bellefontaine, OH, filed a Chapter
11 petition (Bankr. S.D. Ohio Case No. 18-52736) on May 1, 2018.
The Hon. John E. Hoffman Jr. presides over the case.

The Debtor hires ALLEN KUEHNLE STOVALL & NEUMAN LLP, as local
counsel; BRYAN CAVE LEIGHTON PAISNER LLP, as general counsel; ALLEN
KUEHNLE STOVALL & NEUMAN LLP, as Ohio bankruptcy co-counsel HURON
TRANSACTION ADVISORY LLC, as investment banker; HURON CONSULTING
SERVICES LLC, as financial advisor; DONLIN RECANO & COMPANY, INC.,
as claims noticing & solicitation agent.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $50 million to $100 million in liabilities. The petition
was signed by John K. Flanagan, chief financial officer.



ACUSPORT CORPORATION: Taps Huron Transaction as Investment Banker
-----------------------------------------------------------------
AcuSport Corporation, seeks authority from the U.S. Bankruptcy
Court for the Southern District of Ohio to employ Huron Transaction
Advisory LLC, as investment banker to the Debtor.

AcuSport Corporation requires Huron Transaction to:

   a. assist the Debtor in identifying potential buyers or
      capital providers (collectively, "Transaction Prospects")
      for the purchase of all or a portion of the Debtor's assets
      and operations (a "Transaction"). The list of Transaction
      Prospects that Huron Transaction will contact shall be
      approved in advance by the Debtor;

   b. assist the Debtor in preparing a marketing materials for
      use in facilitating Transaction Prospects' due diligence
      review of a Transaction. The marketing materials will be
      reviewed and approved, in writing, by the Debtor before
      either is transmitted to any Transaction Prospects;

   c. contact Transaction Prospects on the Debtor's behalf. To
      the extent directed by the Debtor, Huron Transaction will
      facilitate the execution of confidentiality agreements (on
      a form to be approved by the Debtor and its counsel)
      between the Debtor and a Transaction Prospect prior to
     distribution of any confidential information;

   d. assist the Debtor in making presentations and providing
      other diligence materials to Transaction Prospects
      (including through the implementation of an on-line data
      site);

   e. solicit, evaluate, and negotiate, on the Debtor's behalf,
      proposals concerning a Transaction, and assist the Debtor
      and its other professionals in negotiating the definitive
      documentation concerning such transaction;

   f. assist the Debtor in soliciting, reviewing, and negotiating
      transaction proposals pursuant to bidding procedures
      approved in the bankruptcy case, and assist the Debtor in
      conducting an auction, if appropriate pursuant to the
      bidding procedures;

   g. provide litigation support services to the Debtor in
      connection with the approval of a Transaction; and

   h. take such other actions, and provide such other services,
      as it and the Debtor may reasonably agree in connection
      with the execution of a Transaction.

Huron Transaction will be paid at these hourly rates:

   a. Monthly fee of $45,000. The initial such fee is due upon
      this Court's approval of Huron Transaction's retention as
      investment banker and upon the first of each month
      thereafter.

   b. Upon the first closing of a Capital Transaction, Debtor
      shall pay Huron Transaction a Success Fee equal to the
      greater of (a) $500,000 or (b) an amount calculated as
      follows: (i) 1.375% of the committed amount of any Senior
      Secured Debt raised or refinanced, plus (ii) 2.0% of the
      committed amount of Junior Secured Debt raised, plus (iii)
      4% of the committed amount of any capital raised that is
      not otherwise defined as Senior Secured Debt or Junior
      Secured Debt.

   c. Upon the first closing of a sale of all or substantially
      all of the Debtor's assets and operations (a "Full Sale"),
      the Debtor shall pay Huron Transaction a Success Fee equal
      to the greater of (a) $1 million or (b) 1.5% of the Total
      Consideration.

   d. Upon the first closing of a sale of less than all or
      substantially all of the Debtor's assets and operations (a
      "Partial Sale"), the Debtor shall pay Huron Transaction a
      Success Fee equal to the greater of (a) $500,000 or (b)
      1.5% of the Total Consideration.

During the one-year period immediately preceding the Petition Date,
Huron Transaction has received from the Debtor the total amount of
$495,000.

Geoffrey Frankel, managing director of Huron Transaction Advisory
LLC, assured the Court that the firm is a "disinterested person" as
the term is defined in Section 101(14) of the Bankruptcy Code and
does not represent any interest adverse to the Debtor and its
estates.

Huron Transaction can be reached at:

     Geoffrey Frankel
     550 West Van Buren Street
     Chicago, IL 60607
     Tel: (312) 583-8700
     Fax: (312) 583-8701

              About AcuSport Corporation

Based in Bellefontaine, Ohio, AcuSport Corporation is a nationwide
distributor of shooting sports products and business solutions for
the independent firearms retailer with regional sales offices in
Ohio, Pennsylvania, Georgia, Minnesota, Texas, Montana and
California.

AcuSport Corporation, based in Bellefontaine, OH, filed a Chapter
11 petition (Bankr. S.D. Ohio Case No. 18-52736) on May 1, 2018.
The Hon. John E. Hoffman Jr. presides over the case.

The Debtor hires ALLEN KUEHNLE STOVALL & NEUMAN LLP, as local
counsel; BRYAN CAVE LEIGHTON PAISNER LLP, as general counsel; ALLEN
KUEHNLE STOVALL & NEUMAN LLP, as Ohio bankruptcy co-counsel HURON
TRANSACTION ADVISORY LLC, as investment banker; HURON CONSULTING
SERVICES LLC, as financial advisor; DONLIN RECANO & COMPANY, INC.,
as claims noticing & solicitation agent.

In its petition, the Debtor estimated $10 million to $50 million in
assets and $50 million to $100 million in liabilities. The petition
was signed by John K. Flanagan, chief financial officer.



AKORN INC: S&P Cuts Rating to 'B' Pending Fresenius Deal
--------------------------------------------------------
S&P Global Ratings said it lowered its corporate credit rating on
Akorn Inc. to 'B' from 'B+'. S&P revised the CreditWatch placement
to positive from developing.

S&P said, "At the same time, we lowered the issue-level rating on
the company's first-lien debt to 'B' from 'BB-'. We revised the
recovery rating on this debt to '3' from '2', indicating
expectations for meaningful (50%-70%; rounded estimate: 50%)
recovery in a payment default.

"We are lowering our ratings because we have revised our
projections and now expect the company's adjusted gross leverage to
be materially higher than 5x this year.  Pricing pressure on
generic drugs, increasing competition across the portfolio, but
particularly on key products such as ephedrine sulfate injection,
lidocaine ointment, progesterone, and clobetasol ointment,
contributed to steep revenue declines beginning in the second
quarter of 2017.  In our base-case projections, we now expect
revenue to decline at a 12%-14% rate from last year, although we
expect stability sequentially. We expect the company's EBITDA
margin to decline to about 17%-18% due to pricing pressure as well
as an unfavorable product mix.  Additionally, we do not expect the
company will reduce other operating expenses materially from 2017.
This results in our expectation of adjusted gross leverage between
6.5-7x for 2018. We expect the company to generate moderate free
cash flow, despite high leverage.

"We will resolve the CreditWatch once there is clarity on the
acquisition by Fresenius.  If Fresenius obtains regulatory approval
and completes the acquisition of Akorn, we may raise the rating as
part of an evaluation of the company within the consolidated
entity. If Fresenius repays substantially all of Akorn's debt, we
could discontinue all ratings on the company.

"We could revise the outlook to stable if the outcome of the court
proceedings or an agreement by both parties results in Fresenius
not acquiring the company and we continue to expect the company to
perform in line with our base-case scenario."


ALL-STATE FIRE: Seeks to Hire Smith & Lovell as Accountant
----------------------------------------------------------
All-State Fire Protection, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Colorado to employ Smith &
Lovell CPAs LLC, as accountant to the Debtor.

All-State Fire requires Smith & Lovell to:

   -- provide accounting services to the Debtor; and

   -- prepare periodic reports for the Debtor, including, but not
      limited to, reviews of financial statements and tax
      returns, monthly operating reports, and post-confirmation
      quarterly reports.

Smith & Lovell will be paid at these hourly rates:

     Partners                   $240
     Staffs                   $50 to $100

Smith & Lovell will be paid a flat fee of $7,500 to prepare the
Debtor's state and federal tax returns for 2016 and 2017.

Smith & Lovell will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert Lovell, partner of Smith & Lovell CPAs LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Smith & Lovell can be reached at:

     Robert Lovell
     SMITH & LOVELL CPAS LLC
     355-C Inverness Drive South
     Englewood, CO 80112
     Tel: (303) 790-7611

            About All-State Fire Protection, Inc.

All-State Fire Protection, Inc., based in Wiggins, Colo.,
specializes in the installation of fire sprinkler systems for
residential and commercial clients.

All-State Fire Protection filed a Chapter 11 petition (Bankr. D.
Colo. Case No. 17-15844) on June 23, 2016, estimating $1 million to
$10 million in assets and liabilities. The petition was signed by
Raymond Gibler, president.

The Hon. Thomas B. McNamara presides over the case.

Kenneth J. Buechler, Esq., at Buechler & Garber, serves as
bankruptcy counsel to the Debtor.


ALPHATEC HOLDINGS: Files Form 10-Q for the Quarter Ended March 31
-----------------------------------------------------------------
Alphatec Holdings, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $1.91 million on $21.30 million of revenues for the three months
ended March 31, 2018, compared to a net loss of $5.51 million on
$27.97 million of revenues for the same period during the prior
year.

As of March 31, 2018, Alphatec had $143.33 million in total assets,
$88.16 million in total liabilities, $23.60 million in redeemable
preferred stock and $31.57 million in total stockholders' equity.

The Company has incurred significant net losses since inception and
relied on its ability to fund its operations through revenues from
the sale of its products, debt financings and equity financings,
including its private placement in March 2018.  As the Company has
incurred losses, a successful transition to profitability is
dependent upon achieving a level of revenues adequate to support
its cost structure.  The Company said this may not occur and,
unless and until it does, it will continue to need to raise
additional capital.  

At March 31, 2018, the Company's principal sources of liquidity
consisted of cash of $47.6 million and accounts receivable (net) of
$12.0 million.  Alphatec believes that its current available cash,
combined with proceeds from the March 2018 Private Placement and
draws on its revolving credit facility, will be sufficient to fund
its planned expenditures and meet its obligations for at least 12
months following its financial statement issuance date.

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

                       https://is.gd/KLShKj

                      About Alphatec Holdings

Carlsbad, California-based Alphatec Holdings, Inc., through its
wholly owned subsidiary Alphatec Spine, Inc. --
http://www.atecspine.com/-- is a medical device company that
designs, develops, and markets spinal fusion technology products
and solutions for the treatment of spinal disorders associated with
disease and degeneration, congenital deformities, and trauma.  The
Company's mission is to improve lives by providing innovative spine
surgery solutions through the relentless pursuit of superior
outcomes.

Alphatec incurred a net loss of $2.29 million in 2017 following a
net loss of $29.92 million in 2016.  As of Dec. 31, 2017, Alphatec
Holdings had $84.66 million in total assets, $87.71 million in
total liabilities, $23.60 million in redeemable preferred stock,
and a total stockholders' deficit of $26.65 million.


AMERICAN TIRE: Moody's Cuts CFR to Caa2 Amid Rivals' Joint Venture
------------------------------------------------------------------
Moody's Investors Service downgraded its ratings for American Tire
Distributors, Inc. ("ATDI"), including the company's Corporate
Family Rating (CFR; to Caa2 from B3) and Probability of Default
Rating (to Caa3-PD from B3-PD), and the ratings for the company's
senior secured term loan and senior subordinated notes (to Caa1
from B3 and to Caa3 from Caa2, respectively). The ratings outlook
is stable.

These actions conclude the review for downgrade initiated on April
17, 2018 following the announcement that The Goodyear Tire & Rubber
Company (Goodyear; Ba2 stable) and a U.S. subsidiary of Bridgestone
Corporation (A2 stable) are forming one of the largest tire
distribution joint ventures in the United States.

"While the value proposition afforded by ATDI's extensive
distribution network and replacement tire assortment remains
intact, we anticipate a material loss of business that will not be
easily replaced," said Inna Bodeck, Moody's lead analyst covering
the company. "All else being equal, the magnitude of the associated
earnings and cash flow decline will compound an already levered
financial risk profile, rendering a pre-emptive debt restructuring
increasingly likely, in our estimation" added Bodeck.

Moody's downgraded the following ratings for American Tire
Distributors, Inc.:

  - Corporate Family Rating, to Caa2 from B3

  - Probability of Default Rating, to Caa3-PD from B3-PD

  - Senior Secured Term Loan, to Caa1 (LGD2) from B3 (LGD3)

  - Senior Subordinated Notes*, to Caa3 (LGD4) from Caa2 (LGD5)

Outlook Action:

  - Outlook, changed to Stable from Rating Under Review

  * includes original issuance by ATD Finance Corp., which was
later merged with and into American Tire Distributors, Inc.

RATINGS RATIONALE

ATDI's Caa2 Corporate Family Rating broadly reflects the company's
very high financial leverage and narrow margins that are typical of
distributors. The substantial loss of at least one of its key
suppliers will result in a material deterioration of the company's
earnings and profitability in the next 18 months. Moody's projects
that ATDI's high debt-to-EBITDA leverage (6.9x LTM 12/31/2017
incorporating Moody's standard adjustments) will increase over the
coming year as the company manages through the anticipated decline
in Goodyear volumes. Further constraining the rating are liquidity
concerns related to the company's modest cash flows and
increasingly constrained availability under its asset-based credit
facility. The rating does continue to be tempered to some extent,
however, by the company's strong market position, the historic
stability of replacement tire demand, and ATDI's footprint across
North America.

The stable rating outlook factors in Moody's expectations around
meaningful volume and earnings losses over the next 12-18 months,
notwithstanding the rating agency's acknowledgment of the
sustainability and importance of ATDI's business model. The ratings
incorporate a heightened risk of distressed bond exchange given
deemed insufficient financial flexibility to fully adjust to the
evolving operating environment, with subordinated noteholders
likely to suffer the bulk of loss absorption in an event of default
scenario and an above average recovery expectation ascribed to the
corporate family's obligations overall.

The ratings could be downgraded if Moody's expectations around the
likelihood of default and recovery weaken further, including
through a pre-emptive restructuring of debt obligations. This could
be precipitated by a material deterioration in liquidity,
potentially stemming from more restrictive terms from suppliers
and/or more restrictions in supply, an inability to flex the cost
structure in line with lower volumes, or a loss of access to the
company's asset-based lending facilities.

Ratings could be upgraded if the company is able to replace the
anticipated loss of sales on a sustained basis and grow EBITDA such
that adjusted debt-to-EBITDA is significantly reduced, positive
free cash flow is expected to be sustained, and at least an
adequate liquidity profile is ensured.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.

American Tire Distributors, Inc., headquartered in Huntersville,
North Carolina, is a wholesale distributor of tires (97% of net
sales), custom wheels, and related tools. It operates more than 140
distribution centers in the US and Canada, with $5.3 billion of
revenues for the twelve months ended December 31, 2017. The company
is controlled primarily by TPG Capital, L.P. and Ares Management,
L.P., with remaining shares held by management.


AMG INTERNATIONAL: Seeks to Hire A.J. Willner as Auctioneer
-----------------------------------------------------------
AMG International, Inc., seeks authority from the U.S. Bankruptcy
Court for the District of New Jersey to employ A.J. Willner
Auctions, as auctioneer to the Debtor.

AMG International requires A.J. Willner to sell and auction the
Debtor's properties located at 71 Walsh Drive, Parsippany, NJ.

A.J. Willner will be paid a commission of 10% of the gross sales;
10% buyer premium paid by live bidders; 15% buyer premium paid by
online bidders.

Harry Byrnes, principal of A.J. Willner Auctions, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

A.J. Willner can be reached at:

     Harry Byrnes
     A.J. WILLNER AUCTIONS
     560 S Springfield Ave., Suite J
     Westfield, NJ 07090
     Tel: (908) 789-9999

                  About AMG International, Inc.

AMG International, Inc., d/b/a Freeman-CMA and d/b/a Freeman
Products Worldwide -- http://www.freeman-cma.com/-- is a designer,
manufacturer, marketer and distributor of award and recognition
products including trophy components, plastic and metal figures,
resin awards, plastic and metal engraving stock, ribbons and
medals, plaques, clocks, pen sets and executive gift items. The
Company distributes one of the largest product lines in the awards
and recognition industry throughout both the United States and
Canada, as well as internationally.

AMG International filed a Chapter 11 petition (Bankr. D.N.J. Case
No. 17-25816) on Aug. 3, 2017. In the petition signed by
Jean-Francois Lefebvre, its president, the Debtor estimated $1
million to $10 million in assets and $1 million to $10 million in
liabilities.

Judge Hon. John K. Sherwood is the case judge.

Gibbons, PC, and SEESE, P.A., serve as counsel to the Debtor.

The Official Committee of Unsecured Creditors formed in the case
retained Jeffrey A. Cooper, Esq., at Rabinowitz, Lubetkin & Tully,
LLC, as its counsel.



ANDERSON FARMS: Taps Maynes Taggart as Legal Counsel
----------------------------------------------------
Anderson Farms, Inc., seeks approval from the U.S. Bankruptcy Court
for the District of Idaho to hire Maynes Taggart PLLC as its legal
counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a bankruptcy plan;
and provide other legal services related to its Chapter 11 case.

Steven Taggart, Esq., the attorney who will be handling the case,
charges an hourly fee of $190.

Mr. Taggart disclosed in a court filing that his firm does not
represent any interests adverse to the Debtor's estate.

The firm can be reached through:

     Steven L. Taggart, Esq.
     Maynes Taggart PLLC
     POB 3005
     Idaho Falls, ID 83403-3005
     Tel: (208) 552-6442
     Fax: (208) 524-6095
     Email: staggart101@gmail.com

                    About Anderson Farms Inc.

Anderson Farms, Inc. -- https://www.andersonfarms.org/ -- operates
a specialized freight trucking business providing a wide range of
services to the agricultural industry that suit the needs and
requirement of transporting feed to dairies and feedlots.  It is
headquartered in Burley, Idaho.  

Anderson Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 18-40360) on April 30, 2018.

In the petition signed by Cameron Smith, director, the Debtor
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.  

Judge Joseph M Meier presides over the case.


BANESCO USA: Fitch Affirms 'B' Short-Term Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has affirmed Banesco USA's (BNSC) long-term Issuer
Default Rating (IDR) at 'BB-', short-term IDR at 'B' and Viability
Rating (VR) at 'bb-' with a Stable Outlook. Fitch recognizes that
reputational risks have increased in light of the Venezuelan
government's 90-day intervention against Banesco Banco Universal
since BNSC shares similar branding and engages with sister banks
broadly for some businesses, including correspondent banking
activities. The principal owner of all Banesco entities is Juan
Carlos Escotet.

KEY RATING DRIVERS

IDRS and VIABILITY RATINGS

Fitch views BNSC's structure as an independent entity with no
direct linkage to the Venezuelan bank as a rating positive and that
more tangible risks to the bank's capital and equity are mitigated
by ring fencing by banking regulators in the U.S. Fitch also
considers the bank's liquidity to be sufficient and believes it is
likely to remain stable.

Management continues to execute on strategic initiatives to
diversify the bank's loan and deposit portfolios. Fitch believes
BNSC's current and expected earnings are satisfactory and in-line
with the current rating. Fitch expects core profitability to
continue on a positive trajectory given improved efficiency and
efforts to increase cross-sales.

BNSC's franchise is concentrated in South Florida and its prospects
are tied to the economic conditions of the region. While BNSC is
affiliated by Banesco Holding of Venezuela and benefits from the
brand recognition of the Banesco name among Latin American
customers, its rating is not directly affected by worsening
economic conditions there, as BNSC does not have direct linkage to
its Venezuelan affiliate.

BNSC has a large base of deposits from non-U.S. nationals, the
majority of which (about 36%) are from Venezuelan customers. While
these deposits have remained stable in the face of the economic
adversity, the bank is working to grow its domestic deposit base.
Deposit growth in 2017 of 9.16% was in line with loan growth of
9.94% and brokered deposits were a small and declining percentage
of total deposits (4.65%).

BNSC's credit profile has improved, particularly after the
disposition other real estate owned in 2017. BNSC's concentration
in commercial real estate loans is viewed by Fitch as a ratings
constraint.

With a common equity tier 1 ratio of 11.28% and total capital ratio
of 12.53% as of fourth-quarter 2017, BNSC is adequately capitalized
for the bank's risk profile and ratings. While capital levels have
been trending downward in recent quarters, earnings growth and a
lack of additional extraordinary write-downs should support capital
growth.

SUPPORT RATING AND SUPPORT RATING FLOOR

BNSC has a Support Rating (SR) of '5' and Support Rating Floor
(SRF) of 'NF'. In Fitch's view, BNSC is not systemically important
and Fitch's support rating and support floor assume no
institutional support from Grupo Banesco, nor sovereign support
from the U.S. The IDRs and VRs do not incorporate any support.
Historically, BNSC's principal shareholders have demonstrated a
willingness to provide capital.

LONG- AND SHORT-TERM DEPOSIT RATINGS

BNSC's uninsured deposit ratings are rated one notch higher than
the company's IDR because U.S. uninsured deposits benefit from
depositor preference. U.S. depositor preference gives deposit
liabilities superior recovery prospects in the event of default.

RATING SENSITIVITIES

IDRS AND VIABILITY RATINGS

Fitch views BNSC's ratings as well situated at 'BB-' and believes
rating upside is limited given its asset, revenue and geographic
concentrations. Moreover, Fitch believes that headline risk may
blunt efforts to broaden deposits beyond BNSC's large Venezuelan
customer base. The recent government intervention also makes
significant growth in Venezuelan deposits unlikely and may result
in some draw-down necessitated by worsening conditions there. Any
resulting change in the pricing or mix of deposits would be viewed
by Fitch as a rating negative.

BNSC's ratings continue to be sensitive to its concentrated
exposure to South Florida as well as CRE lending. Both of which
tend to be more variable. The adverse impact of an economic
downturn or circumstances unique to the region, such as severe
weather events, would likely have a negative impact on Fitch's
rating outlook.

Over the longer term, as the franchise continues to mature,
increased loan, deposit, geographic and/or business line diversity
could have positive implications.

SUPPORT RATING AND SUPPORT RATING FLOOR

BNSC's SR and SRF are sensitive to Fitch's assumption around
capacity to procure extraordinary support in case of need. Since
BNSC's SR and SRF are '5' and 'NF', respectively, there is limited
likelihood that these ratings will change over the foreseeable
future.

LONG- AND SHORT-TERM DEPOSIT RATINGS

The ratings of long- and short-term deposits issued by BNSC are
primarily sensitive to any change in BNSC's long- and short-term
IDRs.

Fitch has affirmed the following ratings:

  --Long-term IDR 'BB-';

  --Short-term IDR 'B';

  --Long-term deposits 'BB';

  --Short-term deposits 'B;

  --Viability Rating 'bb-';

  --SR '5';

  --SRF 'NF'.


BERMUDA COMMERCIAL: Fitch Keeps Issuer Default Ratings at 'BB+/B'
-----------------------------------------------------------------
Fitch Ratings has affirmed the Long- and Short-Term Issuer Default
Ratings (IDRs) of Bermuda Commercial Bank (BCB) at 'BB+/B'. The
Rating Outlook remains Stable.

KEY RATING DRIVERS

IDRS, NATIONAL RATINGS AND SENIOR DEBT

The rating affirmation reflects an improving trend in BCB's risk
appetite as well as improvements in the depth and quality of
management. It also incorporates a relatively liquid balance sheet
and good levels of capital. Fitch also has a positive view of BCB's
current strategic objectives and direction. Offsetting these
positive ratings drivers is the current management team's lack of
tenure at BCB, a history of management turnover, a changing
business model and core earnings volatility. The ratings are also
constrained by a large single name exposure in the asset portfolio
as well as the number of related party exposures.

Incorporated in the rating, Fitch recognizes an improvement in BCBs
asset quality, particularly in the investment portfolio and a
strengthening of the risk and compliance organization. The
investment portfolio now contains higher quality corporate bonds, a
higher percentage of HQLA and a significantly smaller portion of
equities than two years ago. Fitch also notes improvements in the
robustness of BCB's risk framework, polices and staffing which
likely also translates into enhanced risk controls relative to two
or three years ago.

While Fitch has noted a decline in the number of related-party
transactions, the existence of these transactions in both the
investment portfolio and the loan portfolio remains a ratings
constraint. However, Fitch positively notes that the governance and
reporting of related-party transactions has improved in recent
years, and such transactions are reviewed and approved by the board
of directors with majority representing independent non-executive
directors. Fitch further notes that BCB is required to maintain
related party exposures within regulatory prescribed limits.

While the reduction in the average expected total return for the
securities in investment portfolio has reduced BCB's overall
earnings capacity, Fitch now expects a more stable and predictable
earnings level for BCB. The aforementioned higher risk appetite in
the investment portfolio that formerly included some index option
strategies had been the driver of BCB's relatively volatile
earnings in the past. Incorporated in the rating is Fitch's
expectation that BCB now uses derivatives strictly for hedging
purposes, specifically the exposures in foreign currencies.

Fitch notes that BCB has successfully returned to a position of
building capital in the second half of 2017 (FY) after a net loss
in the prior fiscal year. The rating reflects Fitch's expectation
that BCB will continue to build its Tier 1 capital ratio (as
disclosed in the Bank's Pillar 3 disclosure) from current levels,
either through growth-related spread-revenue and higher fee income.
Fitch expects that net realized gains/losses from the holdings in
the investment portfolio will also decline in terms of its
contribution to earnings, thereby creating a more stable earnings
profile.

Also incorporated in the rating is BCB's investment in talent and
the recent build-out and strengthening of the executive management
team. Fitch believes that stability in the CEO role and the rest of
the executive management team will positively influence the culture
and position the company for growth. Fitch has noted improvement in
the risk and compliance organization within BCB, another positive
ratings driver.

Despite a reduction in BCB's ownership stake in PCF Group plc PCFG
during 2017, PCFG remains a material part of BCB's balance sheet
and its credit profile is incorporated in the rating. Fitch notes
that BCB currently owns approximately 54.45% of the outstanding
common equity capital of (PCFG), down from 72.62% at the end of
FYE2016 and therefore BCB remains a controlling shareholder despite
lack of participation in recent equity raises by PCFG. In July
2017, PCFG's primary subsidiary PCF Bank Limited (PCF Bank) started
accepting deposits and now operates as a bank. PCF Bank has
demonstrated significant deposit growth leading up to FYE17 and
beyond. These funds have been used to fund loan and receivables
growth as well as pay down wholesale funding.

Fitch views PCFG's aforementioned reduction on wholesale funding
reliance positively under the baseline assumption that PCF Bank
will continue to successfully grow deposits and customers so as to
improve the quality and cost of its funding. However, Fitch views
PCFG's plans to grow its balance sheet as a ratings constraint,
especially in the current economic environment and as it relates to
BCB's future capital ratios.

Finally, BCB has demonstrated improvement in the management of
liquidity and funding as evidenced by the higher proportion of
on-hand liquidity as well as compliance with regulatory
requirements including the recently introduced Net Stable Funding
Ratio (NSFR) requirement of the Bermuda Monetary Authority.

SUPPORT RATING AND SUPPORT RATING FLOOR

BCB's Support Rating of '5' and Support Rating Floor of 'NF'
reflect Fitch's view that BCB is not systemically important in the
local Bermuda market and therefore, Fitch believes the probability
of support is unlikely. IDRs and VRs do not incorporate any support
for BCB (neither government support nor institutional support).

RATING SENSITIVITIES

IDRS AND VR

Fitch views BCB's rating as comfortably situated at the current
level. Over time, positive ratings momentum may develop if BCB
demonstrates continued execution of the strategy, stability in the
business model and consistency in the credit quality of the
investment portfolio.

Positive ratings momentum would also depend on stability of
executive and senior management, and a more stable and consistent
earnings performance while maintaining capital ratios at current
levels.

A large acquisition is not currently incorporated in the ratings
and should BCB engage in acquiring a material controlling stake in
a bank or otherwise actions, such action will likely prompt a
review of the rating and Outlook. Similarly, a material increase in
the risk appetite of the investment portfolio could also prompt the
review of the ratings and Outlook.

It is Moody's assumption that BCB's management and the board of
directors screen current and prospective related party transactions
in order to ensure they are conducted on an arms-length basis.
Should BCB engage in related-party dealings such that Fitch views
it a breakdown or weakening in corporate governance, negative
rating action will be considered.

Incorporated in the rating and Outlook is the expectation that BCB
will organically gradually grow its Bermudan and international loan
and deposit base (outside of normal growth related to PCF Bank).
Should evidence emerge that BCB's loan underwriting standards
reflect a material increased in the risk appetite, negative action
may be taken. Furthermore, significant deposit outflows could
result in a revision of the Outlook and/or rating.

Fitch has affirmed the following ratings:

Bermuda Commercial Bank

  --Long-Term IDR at 'BB+'; Outlook Stable;

  --Short-Term IDR at 'B';

  --Viability Rating at 'bb+'

  --Support Rating at '5';

  --Support Floor at 'NF'.


BIKRAM'S YOGA: Trustee Taps DLA Piper as Legal Counsel
------------------------------------------------------
Robbin Itkin, the Chapter 11 trustee for Bikram's Yoga College of
India LP, seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire DLA Piper LLP (US) as her
legal counsel.

The firm will assist the trustee in analyzing assets of the company
and its affiliates; investigate undisclosed assets of the estates;
liquidate the estates' interest in those assets; review proofs of
claim; and provide other legal services related to the Debtors'
Chapter 11 cases.

The firm will charge these hourly rates:

     Eric Goldberg          Partner       $850
     Joel Athey             Partner       $790
     David Riley            Associate     $525
     Shauneen Militello     Associate     $455
     William Countryman     Paralegal     $335

Eric Goldberg, Esq., a partner at DLA Piper, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Eric D. Goldberg, Esq.
     David M. Riley, Esq.
     DLA Piper LLP (US)
     2000 Avenue of the Stars
     Suite 400 North Tower
     Los Angeles, CA 90067-4704
     Tel: (310) 595-3000
     Fax: (310) 595-3300
     Email: goldberg@dlapiper.com
     Email: riley@dlapiper.com

                      About Bikram's Yoga

Indian yoga guru Bikram Choudhury founded Bikram Choudhury Yoga,
the studio that popularized doing yoga in sauna heat.  Choudhury
built a worldwide following with 26 yoga postures, known as Bikram
Yoga, in rooms heated to 105 degrees Fahrenheit.

Bikram's Yoga College of India, and related entities Bikram
Choudhury Yoga Inc., Bikram Inc., Yuz Inc., and Int'l Trading
Representative sought Chapter 11 protection (Bankr. C.D. Cal. Lead
Case No. 17-12045) on Nov. 9, 2017 after being dogged by $16.7
million in legal judgments.

Mr. Choudhury is facing allegations and lawsuits of sexual
misconduct by a number of his yoga practitioners, students,
instructors and teacher trainees.  The yoga guru has denied
wrongdoing but has fled the U.S. after a warrant has been issued
for his arrest in May.  A warrant for his arrest was issued for his
arrest after he failed to pay a judgment awarded to Minakshi
Jafa-Bodden, his former legal counsel.

Bikram's Yoga College of India estimated under $100,000 in assets.

Bikram Choudhury Yoga Inc. estimated under $50,000 in assets.
Bikram Inc. estimated under $1 million in assets.  Yuz Inc.
estimated under $100,000 in assets.  Int'l Trading Representative
listed under $500,000 in assets.  The Debtors, other than Int'l
Trading, estimated under $50 million in estimated liabilities.
Int'l Trading said its liabilities are under $500,000.

The Chapter 11 petitions were signed by John A. Bryan, Jr., as CEO.
An Oct. 15, 2017 document attached to the petition showed that Mr.
Choudhury, general partner, appointed Mr. Bryan as CEO and Chief
Restructuring Officer.  Mr. Bryan is the CEO of restructuring firm
The Watley Group, LLC.

The case judge is Hon. Deborah J. Saltzman.  

Levene, Neale, Bender, Yoo & Brill LLP serves as counsel to the
Debtors.  The Watley Group is the restructuring advisor.

Robbin Itkin was appointed Chapter 11 trustee for the Debtor on
April 4, 2018.


BIOSTAGE INC: Incurs $1.54 Million Net Loss in First Quarter
------------------------------------------------------------
Biostage, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting a net loss and
comprehensive loss of $1.54 million on $0 of revenues for the three
months ended March 31, 2018, compared to a net loss and
comprehensive loss of $3.84 million on $0 of revenues for the three
months ended March 31, 2017.

As of March 31, 2018, Biostage had $3.85 million in total assets,
$809,000 in total liabilities and $3.04 million in total
stockholders' equity.

The Company has incurred operating losses since inception, and as
of March 31, 2018 had an accumulated deficit of approximately $49.8
million.  Biostage is currently investing significant resources in
the development and commercialization of its products for use by
clinicians and researchers in the field of regenerative medicine.
As a result, the Company expects to incur operating losses and
negative operating cash flow for the foreseeable future.

Net cash used in operating activities of $2.0 million for the three
months ended March 31, 2018 was primarily a result of the Company's
$1.5 million net loss, in addition to approximately $0.8 million of
cash used for working capital, partially offset by $0.3 million
add-back of non-cash expenses related to the change in the fair
value of its warrant liability, stock-based compensation and
depreciation.  The cash used for working capital primarily
represented the payment of accounts payable and accrued expenses.

Net cash provided by investing activities during the three months
ended March 31, 2018 was $46,000 reflecting $49,000 of cash
received from the sale of property, plant and equipment, offset in
part by $3,000 of property and equipment additions.

Net cash generated from financing activities during the three
months ended March 31, 2018 of $0.8 million consisted of the net
proceeds from the issuance of 302,115 shares of the Company's
common stock on Feb. 20, 2018 at a purchase price of $3.31 per
share and the issuance of 50,000 shares of its common stock on Jan.
2, 2018 at a purchase price of $2.00 per share, partially offset by
the repayment of a $0.3 million deposit to an investor related to
the private placement transaction from December 2017.

"The Company will need to raise additional funds in future periods
to fund its operations.  In the event the Company does not raise
additional capital from outside sources in the near future, it may
be forced to curtail or cease its operations.  Cash requirements
and cash resource needs will vary significantly depending upon the
timing and the financial and other resource needs that will be
required to complete ongoing development and pre-clinical and
clinical testing of products as well as regulatory efforts and
collaborative arrangements necessary for the Company's products
that are currently under development.  The Company will seek to
raise necessary funds through a combination of public or private
equity offerings, debt financings, other financing mechanisms,
research grants, or strategic collaborations and licensing
arrangements.  The Company may not be able to obtain additional
financing on terms favorable to us, if at all," the Company stated
in the Quarterly Report.

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

                      https://is.gd/esX6M7

                         About Biostage

Headquartered in Holliston, Massachusetts, Biostage, Inc., formerly
Harvard Apparatus Regenerative Technology, Inc. --
http://www.biostage.com/-- is a biotechnology company developing
bio-engineered organ implants based on the Company's new Cellframe
technology which combines a proprietary biocompatible scaffold with
a patient's own stem cells to create Cellspan organ implants.
Cellspan implants are being developed to treat life-threatening
conditions of the esophagus, bronchus or trachea with the hope of
dramatically improving the treatment paradigm for patients.  Based
on its pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.

Biostage incurred a net loss of $11.91 million in 2017 and a net
loss of $11.57 million in 2016.  As of Dec. 31, 2017, Biostage had
$5.04 million in total assets, $1.62 million in total liabilities
and $3.42 million in total stockholders' equity.

The report from the Company's independent accounting firm KPMG LLP,
in Cambridge, Massachusetts, on the consolidated financial
statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the Company has suffered
recurring losses from operations and will require additional
financing to fund future operations which raise substantial doubt
about its ability to continue as a going concern.


CALIFORNIA PIZZA: S&P Alters Outlook to Neg. & Affirms 'B-' CCR
---------------------------------------------------------------
S&P Global Ratings revised its outlook on the California-based
California Pizza Kitchen Inc. to negative from stable. S&P affirmed
its 'B-' corporate credit rating.

S&P said, "At the same time, we lowered the issue-level rating to
'B-' from 'B' and revised the recovery rating to '3' from '2' on
the company's secured first-lien credit facility consisting of a
$30 million revolver and $290 million term loan. The '3' recovery
rating indicates our expectation for meaningful (50% - 75%; rounded
estimate: 65%) recovery in the event of default.

"We affirmed the 'CCC' issue-level rating on the company's
second-lien term loan facilities. The recovery rating is '6',
indicating our expectation for negligible (0% - 10%; rounded
estimate: 0%) recovery in the event of default.

"The negative outlook reflects our expectation that CPK will
continue to experience sales and profit declines this year, as
lower customer traffic and ongoing cost pressure offset the
benefits of the recent closure of underperforming restaurants and
potential increases in average check. Following a 100 basis point
(bps) margin decline in fiscal 2017, we expect further pressure on
EBITDA margins in 2018 because of ongoing higher food and labor
costs. In addition, we believe the environment for casual dining
remains weak and the industry remains over supplied. We expect
profitability to remain under pressure the next 12 months. There is
a step-down in the total rent adjusted net leverage covenant to 6x
from 6.2x in December 2018, resulting in a decline in the estimated
covenant headroom to about 12% at the end of 2018. This is followed
by an additional covenant step down in December 2019, when the
covenant steps down to 5.6x.  

"The negative outlook reflects our expectation for declining
customer traffic, lower sales, and a continued increase in
restaurant costs to pressure profitability in the next 12 to 18
months, leading to increasing risk of diminishing covenant headroom
due to EBITDA decline and expected covenant step downs in fiscal
2018 and 2019.

"We could lower the rating if weak operating performance resulted
in an increasing likelihood of a covenant breach or if the company
cannot increase its covenant headroom, either through improving
operating performance or by reaching a waiver agreement with its
lenders. We could also lower the ratings if persistently negative
free operating cash flow leads us to conclude the capital structure
was potentially unsustainable.

"Although unlikely in the next 12 months provided our view of the
industry and company's operating performance trend, we could revise
the outlook to stable if CPK stabilizes its operating performance,
showing consistent sales growth, an EBITDA margin improvement of
150 basis points or more versus our projections, and modestly
positive free operating cash flow. Under such a scenario, we would
also expect the company to maintain adequate cushion under the
financial maintenance covenants of 15% or greater, with
consideration of the upcoming covenant step downs."


CELADON GROUP: Delays Q1 Quarterly Report Due to Restatements
-------------------------------------------------------------
As Celadon Group, Inc. notified the Securities and Exchange
Commission via a Form 12b-25 that the filing of its financial
statements for its third fiscal quarter ended March 31, 2018, will
be delayed.  

As previously disclosed, the Company has determined that its
previously filed financial statements for the fiscal years ended
June 30, 2014, 2015, and 2016, including the unaudited quarterly
financial statements for those fiscal years, and the fiscal
quarters ended Sept. 30, 2016 and Dec. 31, 2016, should no longer
be relied upon.  The Company is currently working to restate
certain historical periods and prepare financial statements for
currently unfiled periods that conform with U.S. generally accepted
accounting principles and Securities and Exchange Commission rules.
The Company believes that these processes will result in financial
statement impacts for the fiscal quarter and nine-months ended
March 31, 2018 and those impacts cannot be definitively determined
at this time.

The Company's continued evaluation of the matters noted above will
cause these financial statements to be filed after the expiration
of the five calendar day extension period provided by Rule 12b-25.

                           About Celadon

Celadon Group, Inc. -- http://www.celadongroup.com/-- provides
long haul, regional, local, dedicated, intermodal,
temperature-protect, and expedited freight service across the
United States, Canada, and Mexico.  The Company also owns Celadon
Logistics Services, which provides freight brokerage services,
freight management, as well as supply chain management solutions,
including logistics, warehousing, and distribution.  The Company is
headquartered in Indianapolis, Indiana.

In a press release dated April 2, 2018, Celadon stated that based
on issues identified in connection with the Audit Committee
investigation and management's review, financial statements for
fiscal years ended June 30, 2014, 2015, 2016, and the quarters
ended Sept. 30 and Dec. 31, 2016, will be restated.  Celadon's new
senior management team, led by the Company's new chief financial
officer and new chief accounting officer, commenced a review of the
Company's current and historical accounting policies and
procedures.  The internal investigation and management review have
identified errors that will require adjustments to the previously
issued 2014, 2015, 2016, and 2017 financial statements.    

On March 30, 2018, the Company entered into an Eighth Amendment to
its Amended and Restated Credit Agreement.  The Amendment extended
the existing financial covenant relief through April 30, 2018, with
the principal purpose of permitting the Company and the revolving
lenders to evaluate the recently received refinancing proposal.

On April 18, 2018, Peter Elkins, lead analyst at the New York Stock
Exchange LLC, filed a Form 25 with the Securities and Exchange
Commission notifying the removal from listing or registration of
Celadon's common stock on the Exchange.


CELLECTAR BIOSCIENCES: Posts First Quarter Net Loss of $3.5M
------------------------------------------------------------
Cellectar Biosciences, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $3.47 million for the three months ended March 31, 2018,
compared to a net loss of $2.89 million for the three months ended
March 31, 2017.

Cellectar has incurred net losses and negative cash flows since
inception.  The Company currently has no product revenues, and may
not succeed in developing or commercializing any products that will
generate product or licensing revenues.

"We do not expect to have any products on the market for several
years.  Our primary activity to date has been research and
development and conducting clinical trials.  Development of our
product candidates requires a process of preclinical and clinical
testing, during which our product candidates could fail.  We may
not be able to enter into agreements with one or more companies
experienced in the manufacturing and marketing of therapeutic drugs
and, to the extent that we are unable to do so, we may not be able
to market our product candidates.  Whether we achieve profitability
or not will depend on our success in developing, manufacturing, and
marketing our product candidates," the Company stated in the
Quarterly Report.

As of March 31, 2018, Cellectar had $9.56 million in total assets,
$2.11 million in total liabilities and $7.45 million in total
stockholders' equity.

Research and development expense for the first quarter of 2018 was
$2.1 million, compared with $1.9 million for the first quarter of
2017.  The year over year increase is attributable to higher
preclinical and clinical project costs, manufacturing, and general
research and development costs.

General and administrative expense for the first quarter of 2018
was $1.3 million, compared with $1.0 million for the first quarter
of 2017.  The year over year increase is attributable to higher
consulting, legal and marketing fees, as well as one-time personnel
costs incurred in connection with the decision to outsource the
Company's manufacturing.

As of March 31, 2018, the Company had cash and cash equivalents of
approximately $6,820,000 compared to $10,006,000 as of Dec. 31,
2017.  This decrease was largely attributable to the Company's cash
used in operating activities of approximately $3,184,000 during the
three months ended March 31, 2018.  Net cash used in operating
activities during the three months ended March 31, 2017 was
approximately $3,184,000.

Cellectar said that its cash requirements have historically been
for its research and development activities, finance and
administrative costs, capital expenditures and overall working
capital.  The Company has experienced negative operating cash flows
since inception and have funded its operations primarily from sales
of common stock and other securities.  As of March 31, 2018, the
Company had an accumulated deficit of approximately $87,825,000.

"We believe our March 31, 2018 cash balance of approximately
$6,820,000 is adequate to fund operations into early first quarter
of 2019," the Company stated.  "Our ability to execute our
operating plan beyond early first quarter of 2019 depends on our
ability to obtain additional funding via the sale of equity and/or
debt securities, a strategic transaction or otherwise.  We plan to
actively pursue all available financing alternatives; however,
there can be no assurance that we will obtain the necessary
funding.  If we are unsuccessful in raising additional capital, we
may need to reduce activities, curtail or cease operations.  Other
than the uncertainties regarding our ability to obtain additional
funding, there are currently no known trends, demands, commitments,
events or uncertainties that are likely to materially affect our
liquidity."

                    Recent Corporate Highlights

   * Received orphan drug designation and rare pediatric disease
     designation from the U.S. Food and Drug Administration (FDA)
     for CLR 131 to treat neuroblastoma.

   * Received orphan drug designation from the FDA for CLR 131 to
     treat rhabdomyosarcoma, a rare pediatric cancer.

   * Presented Phase 1 study results at the 12th World Congress of
     the World Federation of Nuclear Medicine and Biology
     demonstrating that CLR 124 is able to cross the blood-brain
     barrier and achieve uptake in brain tumors.  The company
     believes these data have positive read through for CLR 131
     which varies only by the radionuclide delivered.

   * Initiated the diffuse large B-cell lymphoma cohort of the
     company's Phase 2 clinical trial of CLR 131.  This cohort is
     the fourth and final in the study for patients with R/R B-
     cell hematologic cancers.

   * Initiated cohort 5 in the Phase 1 study of CLR 131 in highly
     pretreated R/R multiple myeloma patients.  This is the first
     cohort in the trial to use a fractionated dosing schedule.

   * Presented two late-breaking poster presentations at the AACR
     Annual Meeting.  The posters highlighted the potential
     benefits of fractionated dosing regimens of CLR 131 and the
     ability of the company's Phospholipid Drug Conjugates (PDCs)
     to provide improved targeting of tumor cells and the
     intracellular trafficking of these molecules.

   * Granted seminal U.S. patent for phospholipid-ether analogs
     covering composition of matter and method of use for
     proprietary PDCs in combination with anti-cancer agents.

   * Issued U.S. patent entitled "Alkylphosphocholine analogs for
     multiple myeloma imaging and therapy," covering the use of
     CLR 131 in multiple MM and received a composition of matter
     patent in Japan.

"The first quarter and recent weeks brought significant progress on
both the clinical and regulatory fronts.  We advanced both Phase 1
and Phase 2 studies for CLR 131, presented new data at major
scientific conferences, and received orphan drug designation and
rare pediatric disease designation from the FDA to treat
neuroblastoma in pediatric patients, as well as an orphan drug
designation to treat rhabdomyosarcoma," said James Caruso,
president and CEO of Cellectar Biosciences.  "We are particularly
excited to begin our upcoming Phase 1 study to explore CLR 131 as a
treatment option for children with life-threatening rare pediatric
cancers."

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

                       https://is.gd/vN5J2W

                   About Cellectar Biosciences

Cellectar Biosciences, headquartered in Madison, Wisconsin, is
focused on the discovery, development and commercialization of
drugs for the treatment of cancer.  The company plans to develop
proprietary drugs independently and through research and
development (R&D) collaborations.  The core drug development
strategy is to leverage our PDC platform to develop therapeutics
that specifically target treatment to cancer cells.  Through R&D
collaborations, the company's strategy is to generate near-term
capital, supplement internal resources, gain access to novel
molecules or payloads, accelerate product candidate development and
broaden our proprietary and partnered product pipelines.

The Company is subject to a number of risks similar to those of
other small pharmaceutical companies.  Principal among these risks
are dependence on key individuals, competition from substitute
products and larger companies, the successful development and
marketing of its products in a highly regulated environment and the
need to obtain additional financing necessary to fund future
operations.

The report from the Company's independent accounting firm Baker
Tilly Virchow Krause, LLP, in Madison, Wisconsin, on the
consolidated financial statements for the year ended Dec. 31, 2017,
includes an explanatory paragraph stating that the Company has
suffered recurring losses from operations and has a net capital
deficiency that raise substantial doubt about its ability to
continue as a going concern.

Cellectar reported a net loss attributable to common stockholders
of $15.01 million for the year ended Dec. 31, 2017, following a net
loss attributable to common stockholders of $9.36 million for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, Cellectar had
$12.87 million in total assets, $2.11 million in total liabilities
and $10.75 million in total stockholders' equity.


CENVEO INC: Hires Greenhill & Co. as Co-Financial Advisor
---------------------------------------------------------
Cenveo, Inc., and its debtor-affiliates, seek authority from the
U.S. Bankruptcy Court for the Southern District of New York to
employ Greenhill & Co., LLC, as co-financial advisor and
co-investment banker, to the Debtors.

Cenveo, Inc. requires Greenhill & Co.to:

   a. identify and initiate potential Transactions;

   b. review and analyze the Debtors' assets and the operating
      and financial strategies of the Debtors as well as its
      liquidity;

   c. review and analyze the business plans and financial
      projections prepared by the Debtors including, but not
      limited to, testing assumptions and comparing those
      assumptions to historical the Debtors and industry trends;

   d. evaluate the Debtors's debt capacity in light of their
      projected cash flows and assist in the determination of an
      appropriate capital structure for the Debtors;

   e. assist the Debtors in raising new debt or equity,
      including, but not limited to, debtor-in-possession or
      exit financing, including to develop marketing materials,
      creating and maintaining a data room and contact log,
      initiating contact with potential capital providers and
      running the process for a New Capital Raise;

   f. in connection with a Print Segment Sale or a Company Sale
      , and as requested by the Debtors:

      (1) assist the Debtors in identifying possible
          counterparties for a potential Print Segment Sale or
          Company Sale;

      (2) assist the Debtors in the development and
          implementation of a marketing plan and assist the
          Debtors in its preparation of an information memorandum
          describing the Debtors or the Debtors' segments for use
          with potential counterparties to a Print Segment Sale
          or Company Sale, as applicable;

      (3) assist the Debtors in structuring a Print Segment Sale
          or Company Sale;

      (4) participate on the Debtors' behalf in negotiations
          concerning the financial aspects of a Print Segment
          Sale or Company Sale, as applicable;

   g. assist the Debtors and other professionals in reviewing the
      terms of any proposed Transaction, in responding thereto
      and, if directed, in evaluating alternative proposals for a
      Transaction;

   h. determine a range of values for the Debtors and any
      securities that the Debtors offers or proposes to offer in
      connection with a Transaction;

   i. advise the Debtors on the risks and benefits of considering
      a Transaction with respect to the Debtors' intermediate and
      long-term business prospects and strategic alternatives to
      maximize the business enterprise value of the Debtors;

   j. assist or participate in negotiations with the parties in
      interest, including, without limitation, any current or
      prospective creditors of the Debtors and their respective
      representatives in connection with a Transaction;

   k. advise the Debtors with respect to, and attend, meetings of
      the Debtors' Board of Directors, creditor groups, official
      constituencies and other interested parties, as necessary;

   l. if requested by the Debtors, participate in hearings before
      the Bankruptcy Court and provide relevant testimony with
      respect to the matters described in the Engagement Letter
      and issues arising in connection with any proposed Plan;
      and

   m. render such other financial advisory and investment banking
      services as may be agreed upon by Greenhill and the
      Debtors, subject to further Bankruptcy Court order.

Greenhill & Co. will be paid as follows:

   a. An advisory fee (the "Monthly Fee") of $150,000 per month,
      which Monthly Fee shall be payable by the Debtors in
      advance of the first day of each month.

   b. A fee (the "Recapitalization Fee") of $6,500,000, payable
      upon the closing of (i) a Recapitalization Transaction or
      (ii) a Credit Bid Transaction. For greater certainty, no
      more than one Recapitalization Fee shall be payable under
      the Engagement Letter.

   c. Immediately upon the consummation of a Print Segment Sale
      that does not occur in connection with a Company Sale, a
      fee (the "Print Sale Fee") equal to (i) $2.5 million, plus
      (ii) to the extent the aggregate Segment Consideration
      involved in the Print Segment Sale is greater than $150
      million, 3.0% of such excess amount (such portion of the
      Print Sale Fee set forth in this clause (ii), the "Print
      Incentive").

   d. Immediately upon the consummation of a Company Sale (other
      than a Credit Bid Transaction), a fee (the "Company Sale
      Fee") equal to $8.0 million, plus to the extent the
      aggregate Company Consideration involved in a Company Sale
      is greater than $750 million, 2.0% of such excess amount.

   e. A new capital fee (the "New Capital Fee") equal to (i) 1.0%
      of the face amount of any senior secured debt raised,
      including, without limitation, any debtor in possession
      financing raised; (ii) 2.0% of the face amount of any
      junior secured or senior or subordinated unsecured debt
      raised; and (iii) 4.0% of any equity capital, capital
      convertible into equity or hybrid capital raised,
      including, without limitation, equity underlying any
      warrants, purchase rights or similar contingent equity
      securities (each, a "New Capital Raise"); provided, that,
      in the case of clauses (ii) and (iii) above, the New
      Capital Fee shall be reduced by 75% with respect to any
      new capital provided by existing creditors of the Debtors
      as of the Commencement Date (the 75% reduction in the New
      Capital Fee set forth in this proviso shall be referred to
      herein as the "New Capital Fee Reduction"). The New Capital
      Fee shall be payable upon the closing of the transaction by
      which the new capital is committed.

   f. Greenhill & Co. has agreed to credit against the
      Recapitalization Fee or Company Sale Fee, as applicable
      (such credit to be applied only once and without
      duplication), (A) 50% of the Monthly Fees paid by the
      Debtors beginning on April 1, 2018 (the "Monthly Fee
      Credit"); (B) 100% of the Print Sale Fee paid (the "Print
      Sale Fee Credit"); provided, that the Print Sale Fee Credit
      shall not apply to the portion of the Print Sale Fee
      consisting of the Print Incentive; and (C) 50% of any New
      Capital Fees paid (the "New Capital Fee Credit"); provided,
      that the New Capital Fee Credit shall not apply with
      respect to New Capital Fees paid which were reduced by the
      New Capital Fee Reduction; provided, further, that the sum
      of any Monthly Fee Credit, New Capital Fee Credit and Print
      Sale Fee Credit shall not exceed the Recapitalization Fee
      or the Company Sale Fee, as applicable.

   g. To the extent the Debtors requests that Greenhill perform
      additional services not contemplated by this Agreement, any
      additional fees as shall be mutually agreed upon by
      Greenhill & Co. and the Debtors, in writing, in advance,
      subject to further order of the Bankruptcy Court.

   h. Greenhill & Co. will also be reimbursed for reasonable out-
      of-pocket expenses incurred.

Neil A. Augustine, vice chairman and co-head North American
Financing Advisory at Greenhill & Co. LLC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Greenhill & Co. can be reached at:

     Neil A. Augustine
     GREENHILL & CO. LLC
     300 Park Avenue
     New York, NY 10022
     Tel: (212) 389-1500
     Fax: (212) 389-1700

                       About Cenveo, Inc.

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ:CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions. The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution. With a worldwide distribution
platform, the Company says it delivers quality solutions and
services every day to its more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018. The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

The Debtors tapped Kirkland & Ellis LLP as counsel; Rothschild Inc.
as investment banker; Zolfo Cooper LLC as restructuring advisor;
and Prime Clerk LLC as notice, claims & balloting agent, and
administrative advisor. Greenhill & Co., LLC, as co-financial
advisor and co-investment banker.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases. The committee hired
Lowenstein Sandler LLP as its bankruptcy counsel; and FTI
Consulting, Inc. as its financial advisor.



CENVEO INC: Seeks to Hire BDO USA as Auditor
--------------------------------------------
Cenveo, Inc., has filed a supplemental application with the U.S.
Bankruptcy Court for the Southern District of New York seeking
approval to hire BDO USA, LLP as its auditor and accountant.

BDO USA will audit the consolidated financial statements of Cenveo
and its affiliates, which are comprised of the consolidated balance
sheets as of Dec. 30, 2017, and consolidated statements of income
and cash flows; consult the Debtors on issues related to the audit
services; and provide other services requested by the Debtors.

In connection with the Audit Services, BDO USA's audit report will
indicate that the financial statement audit was conducted in
accordance with the standards generally accepted in the United
States of America ("GAAS").

BDO USA will be paid a flat fee of $1.15 million, of which all but
$143,750 had been pre-paid by the Debtors for the audit services as
of the petition date.

Additional services will be paid at these hourly rates:

     Partners/Director               $580-$740
     Senior Manager                  $350-$475
     Manager                         $270-$350
     Senior                          $200-$270
     Staff                           $190-$200

Anthony Castellano, a partner at BDO, disclosed in a court filing
that his firm is a "disinterested person" as defined in Section
101(14) of the Bankruptcy Code.

BDO can be reached through:

     Anthony Castellano
     BDO USA, LLP
     100 Park Avenue
     New York, NY 10017
     Tel: (212) 885-8000 / (212) 885-7384
     Fax: (212) 697-1299
     E-mail: acastellano@bdo.com

                       About Cenveo, Inc.

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ:CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions. The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution. With a worldwide distribution
platform, the Company says it delivers quality solutions and
services every day to its more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018. The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

The Debtors tapped Kirkland & Ellis LLP as counsel; Rothschild Inc.
as investment banker; Zolfo Cooper LLC as restructuring advisor;
and Prime Clerk LLC as notice, claims & balloting agent, and
administrative advisor. Greenhill & Co., LLC, as co-financial
advisor and co-investment banker.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases. The committee hired
Lowenstein Sandler LLP as its bankruptcy counsel; and FTI
Consulting, Inc. as its financial advisor.


CHICAGO BOARD OF EDUCATION: S&P Rates Series 2018A-B GO Bonds 'B'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B' rating to the Chicago Board of
Education's series 2018A and 2018B unlimited-tax general obligation
(GO) refunding bonds (dedicated revenues). At the same time, S&P
affirmed its 'B' ratings on the board's previously rated GO bonds.
The outlook is positive.

The board's full faith and credit and unlimited taxing power
secures the series 2018A and B bonds. The bonds are alternate
revenue source bonds with the pledged revenues consisting of
pledged state aid revenues. The rating is based on the board's
unlimited ad valorem tax pledge. Series 2018A bond proceeds will be
used to refund the board's series 2013A-3 unlimited-tax GO bonds
and portions of the 2006B and 2007D bonds. Series 2018B bond
proceeds will be used to refund the board's series 2002A
unlimited-tax GO bonds. The refundings are economic with savings in
each year but with larger immediate budget relief in the upcoming
two fiscal years. The bond resolution authorizes the board to
refund up to $600 million of its alternate revenue source bonds
outstanding.

"The rating is based on our view of the board's extremely weak cash
position, which is projected to be negative throughout almost all
of fiscal 2018 and likely in fiscal 2019, albeit with improvement
in the most recent projections," said S&P Global Ratings credit
analyst Blake Yocom. Other factors include the board's:

-- Reliance on lines of credit to support operating and debt
service expenses; and

-- Moderately high-to-high overall debt burden with increasing
debt service and pension costs, coupled with pressure from
overlapping entities.

"The positive outlook reflects the at least one-in-three chance
that we could raise the rating within the one-year outlook
horizon," added Mr. Yocom, "reflecting a notably improved cash flow
in the district's March and subsequent May 2018 cash flow report
compared to October 2017 and evidence that increased state funding
is flowing to the district as previously planned." S&P could raise
the rating one notch if the 2019 budget demonstrates structural
balance, continued progress on an improving financial position with
a small surplus result in fiscal 2018 leading to a positive fund
balance, and additional reduction in outstanding tax anticipation
notes. Additionally, should the cash flow continue to show
improvement in line with or better than projections--even if
negative in some months--a higher rating is possible within the
outlook period. Sustained evidence that the state is able and
committed to meeting its new funding requirements also could also
lead to a higher rating.


COCRYSTAL PHARMA: Registers 1.7 Million Shares Under 2015 Plan
--------------------------------------------------------------
Cocrystal Pharma, Inc., filed a Form S-8 registration statement
with the Securities and Exchange Commission to register  1,666,667
shares of common stock issuable to employees, consultants,
officers, and directors of Cocrystal Pharma, Inc. and its
subsidiaries under the 2015 Equity Incentive Plan.  As of May 11,
2018, 65,000 shares of Common Stock subject to stock options under
the 2015 Plan are outstanding and 1,601,667 shares of Common Stock
are available for grants under the 2015 Plan.  A full-text copy of
the prospectus is available for free at:

                        https://is.gd/ZrjuDy

                       About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a pharmaceutical company with a mission to discover novel
antiviral therapeutics as treatments for serious and/or chronic
viral diseases.  Based in Tucker, Georgia, Cocrystal Pharma has
been developing novel technologies and approaches to create
first-in-class and best-in-class antiviral drug candidates since
its initial funding in 2008.  Its focus is to pursue the
development and commercialization of broad-spectrum antiviral drug
candidates that will transform the treatment and prophylaxis of
viral diseases in humans.  By concentrating its research and
development efforts on viral replication inhibitors, the Company
plans to leverage its infrastructure and expertise in these areas.

Cocrystal Pharma reported a net loss of $613,000 on $0 of grant
revenues for the year ended Dec. 31, 2017, compared to a net loss
of $74.87 million on $0 of grant revenues for the year ended Dec.
31, 2016.  As of Dec. 31, 2017, Cocrystal Pharma had $121.42
million in total assets, $16.02 million in total liabilities and
$105.40 million in total stockholders' equity.

The Company's auditors issued an audit opinion for the year ended
Dec. 31, 2017 which contained what is referred to as a "going
concern" opinion.  BDO USA, LLP, in Seattle, Washington, noted that
the Company has suffered recurring losses from operations and has
an accumulated deficit that raise substantial doubt about its
ability to continue as a going concern.


COLLISION EXPRESS: Taps Erin E. Jones as New Legal Counsel
----------------------------------------------------------
Collision Express Holdings, L.P. seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Erin E.
Jones, P.C. as its new legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in any potential sale of its assets; review
and prosecute claims; conduct examinations; and provide other legal
services related to its Chapter 11 case.

Erin Jones, Esq., the attorney who will be handling the case,
charges an hourly fee of $400.  Paralegals and law clerks charge
$90 per hour.  

The firm has requested the payment of a $15,000 retainer.

Jones does not represent or hold any interests adverse to the
Debtor and its estate, according to court filings.

The firm can be reached through:

     Erin E. Jones, Esq.
     Erin E. Jones, P.C.
     6363 Woodway Suite 300
     Houston, TX 77057
     Telephone: 713-863-8891
     Fax: 713-863-1051
     Email: erin@erinjoneslaw.com

                  About Collision Express Holdings

Collision Express Holdings, L.P., a Texas limited partnership, owns
in fee simple a land and building commonly known as 23266 Northwest
Freeway, Cypress, Texas, having an appraised value of $3.75
million.  It previously sought bankruptcy protection on March 1,
2011 (Bankr. S.D. Tex. Case No. 11-31947).

Collision Express Holdings filed a Chapter 11 petition (Bankr. W.D.
Tex. Case No. 18-30356) on March 5, 2018.  In the petition signed
by Greg Eckelkamp, sole member, the Debtor disclosed $3.77 million
in total assets and $2.61 million in total liabilities.  Judge
Christopher H. Mott presides over the case.  The Debtor's counsel
is E.P. Bud Kirk, Esq.


COMSTOCK RESOURCES: Signs Contribution Agreement with Jerry Jones
-----------------------------------------------------------------
Comstock Resources, Inc. has entered into a definitive agreement
with Arkoma Drilling, L.P. and Williston Drilling, L.P. to acquire
certain oil and gas assets located in North Dakota in exchange for
common stock in the Company.  Arkoma and Williston are owned by
Dallas businessman and owner of the Dallas Cowboys Football Club
Ltd., Jerry Jones and his family.

The Company has valued the assets to be acquired at approximately
$620 million.  The effective date for the acquisition of the assets
is April 1, 2018.  There is no debt associated with the assets.
The Partnerships will collectively receive approximately 88.6
million newly issued shares of Comstock common stock based on an
agreed upon share price of $7.00 per share, subject to adjustment
as provided in the contribution agreement.  Upon completion of the
transaction, the Partnerships will own approximately 84% of the
Company's pro forma outstanding shares.  The acquisition is subject
to approval by the Company's stockholders and satisfaction of
certain other closing conditions including the refinancing of the
Company's debt.

The oil and gas assets to be acquired by Comstock in the
transaction are located in North Dakota's Bakken shale basin.  The
assets are currently producing 10,500 barrels of oil per day and 20
MMcf of natural gas per day and have proved reserves as estimated
by Comstock's independent reserve engineers of 22.5 million barrels
of oil and 48.5 billion cubic feet of natural gas.  Comstock will
acquire 332 (52.5 net) producing oil wells, 128 (13.0 net) drilled
uncompleted wells and ten (3.0 net) undrilled locations in the
transaction.  The assets are expected to generate approximately
$200 million of operating cash flow in 2018.

Deutsche Bank Securities Inc. is acting as financial advisor to
Comstock on the transaction.

                           About Comstock

Comstock Resources, Inc. is an independent energy company based in
Frisco, Texas and is engaged in oil and gas acquisitions,
exploration and development primarily in Texas and Louisiana.  The
Company's stock is traded on the New York Stock Exchange under the
symbol CRK.

Comstock incurred a net loss of $111.4 million for the year ended
Dec. 31, 2017, compared to a net loss of $135.1 million for the
year ended Dec. 31, 2016.  As of March 31, 2018, Comstock Resources
had $910.49 million in total assets, $1.32 billion in total
liabilities and a total stockholders' deficit of $409.92 million.


CONTRERAS TRUCKING: Taps Contreras Law Firm as Legal Counsel
------------------------------------------------------------
Contreras Trucking, Inc., seeks approval from the U.S. Bankruptcy
Court for the Southern District of California to hire Contreras Law
Firm as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a bankruptcy plan;
and provide other legal services related to its Chapter 11 case.

The firm will charge these hourly rates:

     Partners             $325
     Associates           $295
     Paralegals           $175      
     Legal Assistants     $150

Contreras Trucking is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Dolores Contreras, Esq.
     Iris Gomez, Esq.   
     Contreras Law Firm  
     402 West Broadway, Suite 1200
     San Diego, CA 92101
     Tel: (619) 238-0616
     Fax: (619) 342-3166
     Email: dc@contreraslawfirm.com
     Email: ig@contreraslawfirm.com

                   About Contreras Trucking Inc.

Contreras Trucking, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Cal. Case No. 18-01569) on March 20,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $1 million.  Judge
Christopher B. Latham presides over the case.


CRT RECOVERY: Taps Mark S. Roher as Legal Counsel
-------------------------------------------------
CRT Recovery, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire the Law Office of Mark
S. Roher, P.A. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in negotiations with its
creditors in the preparation of a bankruptcy plan; and provide
other legal services related to its Chapter 11 case.

Mark Roher, Esq., president of the firm and the attorney who will
be handling the case, charges an hourly fee of $250.  The Debtor
has agreed to pay the firm a retainer in the sum of $4,217.

Mr. Roher disclosed in a court filing that he and his firm do not
represent any interests adverse to the Debtor and its estate.

The firm can be reached through:

     Mark S. Roher, Esq.
     Law Office of Mark S. Roher, P.A.
     150 S. Pine Island Road, Suite 300
     Plantation, FL 33324
     Telephone: (954) 353-2200
     Facsimile: (877) 654-0090
     Email: mroher@markroherlaw.com

                        About CRT Recovery Inc.

CRT Recovery, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-15248) on May 1,
2018.  At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of less than
$50,000.  Judge Raymond B. Ray presides over the case.


DAYTON SUPERIOR: S&P Cuts Rating to 'CCC', Sees Covenant Breach
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Miamisburg,
Ohio-based Dayton Superior Corp. to 'CCC' from 'B-'. The outlook is
negative.

S&P said, "At the same time, we lowered our issue-level rating on
Dayton's first-lien term loan to 'CCC' from 'B-'. The recovery
rating on the term loan is unchanged at '3', which indicates our
expectation for meaningful (50%-70%; rounded estimate: 60%)
recovery in the event of a payment default.

"The downgrade reflects our expectation that Dayton could breach
its maximum total debt leverage covenant under its term loan in the
next 12 months. Dayton's credit agreement has a maximum leverage
ratio covenant of 5x stepping down to 4.5x in the fourth quarter of
2018. On April 15, 2018, the company received a covenant waiver
that expires on May 15, 2018. Absent a waiver extension or
amendment to its credit agreement, we believe the company will
breach its financial covenant, which will in turn accelerate into
full maturity all outstanding balances on its term loan and
asset-based credit facility. As of Dec. 31, 2017, there was $207.9
million outstanding on the term loan and $27.7 million outstanding
on the asset-based credit facility. In the event of a default,
Dayton will be in a liquidity crisis, with a heightened likelihood
of entering into a distressed exchange or other restructuring.

"The negative outlook indicates there is at least a 30% chance that
we could lower the rating on Dayton in the next 12 months. This is
based on our expectation that absent a covenant waiver extension or
amendment, the company will lose access to its revolving credit
facility and face an immediate liquidity crisis due to acceleration
of its term loan and ABL with a combined outstanding balance of
$235.6 million as of Dec. 31, 2017. Liquidity is constrained by the
company's seasonal working capital requirements, and our forecast
of nominal operating cash flow for 2018.

"We could revise the outlook to stable if we expected the company
to improve EBITDA levels such that it was covenant compliant, and
generated sufficient operating cash flow to cover its seasonal
working capital requirements. This translates to roughly $60
million of EBITDA over the next 12 months, which should support a
15% cushion above its current leverage covenant. We could revise
the outlook to stable if the company receives an equity infusion of
at least $25 million from the sponsor.

"We would lower the rating if a default, distressed exchange, or
redemption appears to be inevitable within six months, absent
unanticipated significantly favorable changes in circumstances.
This could happen if Dayton breaches its covenants, causing it to
lose access to its revolving credit facility and for its term-loan
debt to be accelerated, leading to less than six-months worth of
liquidity. Alternatively, this could occur if turnaround plans do
not result in positive operating cash flows, and we expect the
company to pursue a distressed exchange, or other restructuring."


DYNCORP INT'L: Moody's Upgrades CFR to B2, Outlook Stable
---------------------------------------------------------
Moody's Investors Service upgraded ratings of DynCorp International
Inc. including the Corporate Family Rating to B2 from B3, first
lien bank facility to Ba2 from Ba3, second lien notes to B2 from
Caa1. The rating outlook is stable.

RATINGS RATIONALE

The upgrade reflects backlog growth coupled with improved
profitability under existing contracts that should continue over
2018-2019. New win awards, extended task orders and scope expansion
speak to DI's effective contract execution amidst a favorable
business environment, with US defense spending and range of US
mission support needs rising.

With the better operating performance the credit profile and
metrics have improved. Since 2016, debt has been reduced by about
$100 million, 60% from free cash flow generation and 40% from
contibuted parent capital. EBITDA leverage has declined to below 4x
in 2017 from 7x in 2016 (Moody's adjusted basis).

The B2 CFR incorporates DI's long-established international mission
support capabilities, including logistics, vehicle/aviation
maintenance, and training. The high likelihood of 2018 revenues of
around $2 billion with EBITDA margin around 9% to 10% now provide
better income visibility than DI has enjoyed in several years.
Likelihood of leverage at mid 3x and EBIT interest coverage at, a
relatively less robust, mid 1x level, support the rating.

The stable rating outlook envisions DI generating $40 million of
free cash flow generation near term with the expectation that
recently improved account receivables/working capital management
continues.

The liquidity profile is only adequate, as denoted by the
speculative grade liquidity rating of SGL-3, despite a high cash
balance and the expectation of free cash flow. The (unfunded)
revolver expires in July 2019 and by that time the remaining first
lien term loan balance, was $127 million at March 2017, will be a
current liability. Nevertheless, the liquidity profile benefits
from DI's improved income level and 14% backlog growth over 2017.

While the CFR has been upgraded one notch to B2 from B3, the second
lien note rating improved two notches to B2 from Caa1, based on
Moody's Loss Given Default model. The two notch increase follows
DI's first lien term loan prepayments that have reduced the amount
of effectively senior debt available that could compete against the
second lien claim in a stress scenario.

Upward rating momentum would depend on expectation of revenue
growth, EBIT to interest closer to 2x, free cash flow to debt
approaching 15%, a good liquidity profile.

Downward rating pressure would follow backlog decline, annual free
cash flow below $20 million, weak liquidity, or re-leveraging such
as related to a recapitalization or M&A event.

DynCorp International Inc., headquartered in McLean, VA, provides
mission-critical support services outsourced by US military,
nonmilitary US governmental agencies and foreign governments. The
company is an operating subsidiary of Delta Tucker Holdings, Inc.,
which is owned by affiliates of Cerberus Capital Management, LP.
Revenues for the twelve months ended December 31, 2017 were
approximately $2 billion.

The following summarizes Moody's rating action:

Upgrades:

Issuer: DynCorp International Inc.

Probability of Default Rating, Upgraded to B2-PD from B3-PD

Corporate Family Rating, Upgraded to B2 from B3

Senior Secured Bank Credit Facility, Upgraded to Ba2 (LGD2) from
Ba3 (LGD2)

Senior Secured Regular Bond/Debenture, Upgraded to B2 (LGD4) from
Caa1 (LGD4)

Outlook Actions:

Issuer: DynCorp International Inc.

Outlook, Remains Stable

Affirmations:

Issuer: DynCorp International Inc.

Speculative Grade Liquidity Rating, Affirmed SGL-3

The principal methodology used in these ratings was Aerospace and
Defense Industry published in March 2018.


EPIC Y-GRADE: S&P Assigns 'B' Corp Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to EPIC
Y-Grade Services L.P. The outlook is stable.

S&P said, "We also assigned our 'B' issue-level rating and '3'
recovery rating to the $650 million senior secured term loan due
2025. The '3' recovery rating indicates that the lenders can expect
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of a payment default.

"Our 'B' corporate credit rating on EPIC Y-Grade Services L.P.
reflects our assessment of a vulnerable business risk profile and
highly leveraged financial risk profile. EPIC is constructing a
700-mile NGL pipeline linking the Permian and Eagle Ford basins to
Corpus Christi. In addition, the partnership is constructing a
100,000 barrel per day (bpd) fractionator. The pipeline's
construction is forecast to be complete before year-end 2019, with
the fractionator operational by 2020. Although EPIC has the option
to build additional fractionation capacity and has secured the
financing for the construction of a second fractionator, its timing
is outside our forecast period and is not included in our financial
projections.

"The stable outlook reflects our expectation that the project's
construction will be completed on time and within the budgeted
amount by year-end 2019. We believe the project has sufficient
liquidity in the event there are minor cost overruns and forecast
adjusted debt leverage of about 7x in 2020, the first full year the
pipe is fully operational.

"We could lower the rating if the project's liquidity began to
deteriorate due to construction costs exceeding the budget or if
construction were delayed such that the in-service date is pushed
into 2020. This could also occur if adjusted debt to EBITDA is
sustained above 7x once operational."

Higher ratings are unlikely during the construction period given
the inherent risks of constructing the approximate 700-mile
pipeline and the subsequent timing of the MVC contract with BP. S&P
could consider higher ratings once the pipe is operational if EPIC
added additional contracts while maintaining adjusted debt metrics
below 4.5x.


EXPRESS HOV: Taps Baker & Associates as Legal Counsel
-----------------------------------------------------
Express HOV, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of Texas to hire Baker & Associates as its
legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; conduct an analysis of its financial situation;
assist in the preparation of a plan of reorganization; and provide
other legal services related to its Chapter 11 case.

The firm received from the Debtor a sum of $3,500, which included
the filing fee of $1,717, prior to the petition date.  

Reese Baker, Esq., at Baker & Associates, disclosed in a court
filing that he is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Reese W. Baker, Esq.
     950 Echo Lane, Suite 200
     Houston, TX 77024
     Phone: (713) 869-9200
     Fax: (713) 869-9100
     Email: courtdocs@bakerassociates.net

                      About Express HOV Inc.

Houston, Texas-based Express HOV, Inc., filed for Chapter 11
bankruptcy protection (Bankr. S.D. Tex. Case No. 18-31439) on March
23, 2018, estimating its assets at between $50,001 and $100,000 and
its liabilities at between $100,001 and $500,000.  Reese W. Baker,
Esq., at Baker & Associates, serves as the Debtor's bankruptcy
counsel.


EYEPOINT PHARMACEUTICALS: Files Form 10-Q Reporting $7M Q3 Loss
---------------------------------------------------------------
EyePoint Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $6.97 million on $928,000 of total revenues for the
three months ended March 31, 2018, compared to a net loss of $5.14
million on $590,000 of total revenues for the three months ended
March 31, 2017.

For the nine months ended March 31, 2018, the Company reported a
net loss of $18.74 million on $2.24 million of total revenues
compared to a net loss of $12.36 million on $6.83 million of total
revenues for the same period in 2017.

As of March 31, 2018, Eyepoint had $50.15 million in total assets,
$41.96 million in total liabilities and $8.19 million in total
stockholders' equity.

For the nine months ended March 31, 2018, net cash used in
operating activities decreased by $212,000 compared to the nine
months ended March 31, 2017, due primarily to a combination of
higher operating cash inflows partially offset by higher operating
cash outflows.

Net cash used in investing activities during the nine months ended
March 31, 2018 consisted primarily of a $14.9 million closing
payment for the Icon Acquisition plus $237,000 of transaction costs
paid, net of $38,000 of cash acquired.  Net cash provided by
investing activities during the nine months ended March 31, 2017
consisted predominantly of $11.2 million of maturities of
marketable securities, net of purchases.  There were no purchases
or maturities of marketable securities during the nine months ended
March 31, 2018.

For the nine months ended March 31, 2017, net cash provided by
financing activities consisted of $2.3 million of proceeds, net of
program and share issue costs, from sales of 1,411,686 shares of
common stock under our ATM program and $99,000 from the exercise of
stock options.

                 Liquidity and Capital Resources

Eyepoint Pharmaceutical's fiscal 2018 year-to-date operations were
financed primarily from existing capital resources at June 30,
2017, gross proceeds of $7.3 million from sales of 5,900,000 shares
of common stock under its existing at-the-market program and the
First Tranche Transaction and Debt Financing that resulted in gross
proceeds of $24.5 million, $15.0 million of which was used to fund
the closing payment to acquire Icon and $1.1 million was used to
pay certain financing and transaction costs.  At March 31, 2018,
the Company's principal sources of liquidity were cash and cash
equivalents that totaled $16.3 million.  Upon an approval by its
stockholders of the Second Tranche Transaction, the Company will
receive additional net proceeds of approximately $25.5 million from
the sale of the Units pursuant to the Second Tranche Securities
Purchase Agreement.

As of March 31, 2018, the Company's debt consists of $15 million,
which amount represents the amount outstanding under the Loan
pursuant to the Credit Agreement.  The Loan is due and payable on
March 27, 2023.  The Loan bears interest at a per annum rate of the
three-month London Interbank Offered Rate, subject to a 1.5% floor,
plus 10.50%.  The Credit Agreement permits the Company to pay
interest only on the principal amount loaned thereunder for the
first eight payments (payments are due on a quarterly basis).
Following the interest-only period, the Company will be required to
make quarterly payments of interest, plus repayments of the
principal amount loaned under the Credit Agreement in an aggregate
amount of up to $1,250,000 per quarter.  Subject to the Quarterly
Principal Repayment Cap, the amount of any quarterly principal
payments during any fiscal year is based on (x) a percentage of its
year-to-date net revenue through the end of such quarter less (y)
any prior quarterly principal and interest payments made during
such fiscal year.  In addition, the Company paid an upfront fee of
1.5% of the aggregate principal amount of the Loan.  The Company is
also required to pay an exit fee equal to 6% of the aggregate
principal amount advanced under the Credit Agreement.

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

                        https://is.gd/aFFF9z

                  About EyePoint Pharmaceuticals

EyePoint Pharmaceuticals, formerly pSivida Corp. --
http://www.eyepointpharma.com/-- headquartered in Watertown, MA,
is a specialty biopharmaceutical company committed to developing
and commercializing innovative ophthalmic products in indications
with high unmet medical need to help improve the lives of patients
with serious eye disorders.  The Company has developed three of
only four FDA-approved sustained-release treatments for
back-of-the-eye diseases.  The Company's pre-clinical development
program is focused on using its core Durasert platform technology
to deliver drugs to treat wet age-related macular degeneration,
glaucoma, osteoarthritis and other diseases.

pSivida reported a net loss of $18.48 million on $7.54 million of
total revenues for the fiscal year ended June 30, 2017, compared
with a net loss of $21.55 million on $1.62 million of total
revenues in 2016.  As of Dec. 31, 2017, Psivida had $14.19 million
in total assets, $4.29 million in total liabilities and $9.90
million in total stockholders' equity.

In its report on the consolidated financial statements for the year
ended June 30, 2017, Deloitte & Touche LLP stated that the
Company's anticipated recurring use of cash to fund operations in
combination with no probable source of additional capital raises
substantial doubt about its ability to continue as a going concern.


FAMILY PHARMACY: Taps Husch Blackwell as Legal Counsel
------------------------------------------------------
Family Pharmacy, Inc. seeks approval from the U.S. Bankruptcy Court
for the Western District of Missouri to hire Husch Blackwell LLP as
its legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; represent them in connection with
any potential sale of their assets; assist in the preparation of a
plan of reorganization; and provide other legal services related to
their Chapter 11 cases.

The firm will charge these hourly rates:

     Partners                        $310 - $820
     Associates/Of Counsel           $215 - $420
     Paralegals/Legal Assistants     $130 - $325
     Document Clerks                  $65 - $135

John Cruciani, Esq., and Michael Fielding, Esq., the attorneys who
will be handling the cases, will charge $485 per hour and $370 per
hour, respectively.

Husch Blackwell has been paid a total of $103,713.50 in fees and
$6,049.11 in costs, including the filing fees of $5,835, by the
Debtors.  As of the petition date, the firm holds a retainer in the
sum of $65,982.39.

The firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

Husch Blackwell can be reached through:

     John J. Cruciani, Esq.
     Michael D. Fielding, Esq.
     Christopher C. Miles, Esq.
     Husch Blackwell LLP
     4801 Main Street, Suite 1000
     Kansas City, MO 64112
     Telephone: (816) 983-8000
     Facsimile: (816) 983-8080
     Email: john.cruciani@huschblackwell.com      
     Email: michael.fielding@huschblackwell.com      
     Email: christopher.miles@huschblackwell.com

                    About Family Pharmacy Inc.

Family Pharmacy, Inc. and its affiliates Family Pharmacy of
Missouri LLC, Family Pharmacy of Strafford Inc., Family Property
Management LLC, and HealthTAC Logistics LLC own and operate a group
of independently-owned retail pharmacy stores in Southwestern
Missouri.  

The Debtors operate 20 retail pharmacy locations, two long
term-care pharmacy locations and one specialty pharmacy location
under the "Family Pharmacy".  Family Pharmacy has been operating
continuously since 1977.  The Debtors are headquartered in Ozark,
Missouri.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Mo. Lead Case No. 18-60521) on April 30, 2018.

In the petitions signed by Lynn Morris, president, the Debtors
disclosed that they had estimated assets of $10 million to $50
million and liabilities of $10 million to $50 million.  

Judge Cynthia A. Norton presides over the cases.


FHH PROPERTIES: Trustee Taps Heller Draper as Legal Counsel
-----------------------------------------------------------
R. Patrick Sharp, III, the Chapter 11 trustee for FNR Properties,
LLC and FHH Properties, LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to hire Heller, Draper,
Patrick, Horn & Manthey, LLC as his legal counsel.

The firm will advise the trustee regarding his duties under the
Bankruptcy Code; assist the trustee in connection with any
potential property dispositions; review and estimate claims; and
provide other legal services related to the Debtors' Chapter 11
cases.

The firm will charge these hourly rates:

     Tristan Manthey            $400
     Cherie Nobles              $350
     Associates          $225 - $300
     Paralegals                 $120

Tristan Manthey, Esq., a partner at Heller, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Heller can be reached through:

     Tristan E. Manthey, Esq.
     Cherie D. Nobles, Esq.
     Heller, Draper, Patrick,
     Horn & Manthey, L.L.C.
     650 Poydras Street, Suite 2500
     New Orleans, LA 70130
     Telephone: 504.299.3300
     Facsimile: 504.299.3399
     Email: tmanthey@hellerdraper.com
     Email: cnobles@hellerdraper.com

                       About FHH Properties

Each of FHH Properties and FNR Properties is a real estate company
based in New Orleans, Louisiana.  The Debtors are affiliates of B
Express-Elysian Fields, LLC, which sought Chapter 7 bankruptcy
protection on Jan. 18, 2018.  Fatmah Hamdan is the 100% owner of
all three businesses.

FHH Properties LLC based in Gretna, LA, and FNR Properties filed a
Chapter 11 petition (Bankr. E.D. La. Lead Case No. 18-10113) on
Jan. 18, 2018.  In the petition signed by Fatmah Hamdan, managing
member and sole owner, FHH Properties estimated $1 million to $10
million in both assets and in liabilities.  FNR Properties
estimated $500,0000 to $1 million in both assets and in
liabilities.  

The Hon. Jerry A. Brown presides over the cases.

Robin R. De Leo, Esq., at The De Leo Law Firm, LLC, serves as
bankruptcy counsel to the Debtors; and Patrick Gros CPA, APAC, as
accountant.

R. Patrick Sharp, III was appointed Chapter 11 trustee for the
Debtor.


FIRSTENERGY SOLUTIONS: Fitch Withdraws 'D' Issuer Default Rating
----------------------------------------------------------------
Fitch Ratings has affirmed and withdrawn the Long-Term Issuer
Default Ratings (IDRs) and securities ratings of FirstEnergy
Solutions (FES) and its operating subsidiaries FirstEnergy
Generation, LLC (FG) and FirstEnergy Nuclear Generation, LLC (NG).


KEY RATING DRIVERS

Fitch has withdrawn the ratings following the merchant generator's
filing for protection under Chapter 11 of the U.S. Bankruptcy Code
on March 31, 2018. The bankruptcy filing does not include
FirstEnergy Corporation, its operating utility subsidiaries, or
Allegheny Energy Supply or its subsidiary Allegheny Generation Co.
Accordingly, Fitch will no longer provide ratings or analytical
coverage for FES, FG or NG.

RATING SENSITIVITIES

Rating Sensitivities do not apply as the ratings have been
withdrawn.

FULL LIST OF RATING ACTIONS

Fitch has affirmed and withdrawn the following ratings:

FirstEnergy Solutions Corp.

  --Long-term IDR at 'D';

  --Senior unsecured at 'C'/'RR6'.

FirstEnergy Generation, LLC

Long-term IDR at 'D';

  --Senior secured at 'CCC'/'RR2';

  --Senior unsecured at 'C'/'RR6'.

FirstEnergy Nuclear Generation, LLC

  --Long-term IDR at 'D';

  --Senior secured at 'CCC'/'RR2';

  --Senior unsecured at 'C'/'RR6'.


H-FOOD HOLDINGS: Moody's Assigns Caa2 Rating on Matterhorn Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Caa2 rating to Matterhorn
Merger Sub, LLC's proposed $375 million unsecured notes. Matterhorn
Merger Sub is the legal entity which will acquire H-Food Holdings,
LLC, parent of Hearthside Group Holdings, LLC or "Hearthside". All
of Matterhorn's existing ratings remain unchanged. The rating
outlook is stable.

Proceeds from the notes, a $1.12 billion first lien term loan, and
$979 million of cash equity will be used by Matterhorn to purchase
H-Food Holdings, LLC and repay existing debt. Matterhorn will be
merged into H-Food Holdings, LLC with H-Food Holdings being the
surviving entity. H-Food Holdings is being acquired by an
investment group led by Charlesbank Capital Partners and Partners
Group. Moody's will withdraw its ratings on Hearthside Group
Holdings, LLC and its existing rated debt once the transaction is
completed.

Matterhorn Merger Sub, LLC

Ratings assigned:

$375 million unsecured notes due 2026 at Caa2 (LGD 5)

Ratings unchanged:

Corporate Family Rating at B3

Probability of Default Rating at B3-PD

$150 million first lien revolving credit facility expiring 2023 at
B2 (LGD 3)

$1,120 million first lien term loan maturing 2025 at B2 (LGD 3)

The outlook on all ratings is stable.

Hearthside Group Holdings, LLC

Ratings to be withdrawn at closing:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

$100 million revolving credit facility at B1 (LGD 3)

$666 million term loan at B1 (LGD 3)

$300 million unsecured notes at Caa1 (LGD 5)

RATINGS RATIONALE

Matterhorn's B3 Corporate Family Rating reflects its high financial
leverage and significant customer concentration with its two
primary customers representing approximately half of its sales and
a significant portion of earnings. It also reflects event risk,
such as leveraged acquisitions and aggressive shareholder returns,
given its financial sponsor ownership. At the same time, the rating
reflects the company's good position as a contract manufacturer and
packager of food products. The company has longstanding
relationships with leading US food companies and limited commodity
exposure due to pass-through cost arrangements. This helps limit
cash flow and earnings volatility. The company also has very good
liquidity.

The first lien revolver and term loan are rated B2, one notch
higher than the B3 Corporate Family Rating. This reflects Moody's
expectation of a higher recovery on these secured obligations
compared to the recovery on a meaningful amount of lower priority
obligations. The revolver and term loan will be secured by
substantially all of the company's assets. The Caa2 rating on the
unsecured notes reflect their junior position to a material amount
of debt with a priority position in the capital structure.

The stable rating outlook reflects Moody's expectation that
Matterhorn's financial leverage will remain high, and that its
financial policy will remain aggressive. It also reflects Moody's
view that the company will maintain its good position as a contract
manufacturer and packager of food products.

Ratings could be upgraded if contract manufacturing demand remains
favorable and the company reduces financial leverage such that debt
to EBTIDA approaches 6 times.

Ratings could be downgraded if operating performance weakens, if
there is a loss of a large customer, the company makes debt
financed dividends or acquisitions, or liquidity deteriorates.

Matterhorn will own Hearthside Group Holdings once the transaction
is completed. Hearthside is a contract manufacturer and packager of
packaged food products in North America and to a lesser extent
Europe. It supplies companies such as General Mills, Kellogg's,
Kraft Heinz, PepsiCo, and Mondelez. Revenue is approximately $1.5
billion pro forma for recent acquisitions. Hearthside is currently
owned by affiliates of The Goldman Sachs Group, Inc. and Vestar
Capital Partners. It will be owned by an investment group led by
Charlesbank Capital Partners and Partners Group once the
transaction closes.


HILLMAN GROUP: S&P Affirms 'B' Corp Credit Rating, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings affirmed its ratings, including its 'B'
corporate credit rating on Cincinnati-based The Hillman Group Inc.
S&P also assigned its 'B' corporate credit rating to the company's
parent, The Hillman Companies Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'B+' issue level
ratings to Hillman's proposed $530 million senior secured term loan
B due 2025, and our '2' recovery rating, indicating lenders could
expect substantial (70% to 90%, rounded estimate: 80%) recovery in
the event of payment default or bankruptcy. The facility has a
fungible $165 million delayed draw term loan that will not be drawn
on close. However, we anticipate the company could draw on it
during the next year to fund acquisitions.

"We also affirmed the issue-level rating on the $330 million senior
unsecured notes due July 2022 at 'CCC+'. The recovery rating
remains '6', indicating our belief that lenders could expect
negligible (0% to 10%, rounded estimate: 0%) recovery."

The company will use the new $530 million term loan B, along with
about $40 million drawn on a new $150 million ABL revolver
(unrated) due 2023 to replace its current $70 million cash flow
revolver due June 2019, and to refinance its existing $530 million
outstanding term loan due 2021 and to cover fees and expenses.

S&P said, "We estimate the company will have about $1.1 billion of
adjusted debt obligations at the close of the transactions,
excluding the delayed draw term loan as it will not yet be funded
(our adjustments include capitalized operating leases and the
company's trust preferred securities).

"All issue level ratings are based on preliminary terms and are
subject to review of final documents. We will withdraw our ratings
on the company's existing $530 million outstanding term loan due
2021 and $70 million cash flow revolver once the debt instruments
are repaid."

Hillman is a value-added wholesale distributor of smaller-ticket
hardware products, including fasteners, keys and key machines,
engraving equipment, and letters and signs. S&P said, "The
affirmation of the 'B' corporate credit rating reflects our
expectation that the company will reduce leverage to the low-7x
area by the end of fiscal 2018. We estimate fiscal 2017 pro forma
debt to EBITDA inclusive of a full year contribution of the ST
Fastening Systems acquisition was approximately 7.8x. Debt leverage
was high for the company because of investment costs related to
restructuring of its network facilities and start-up costs for its
West Coast hub in Rialto, Calif. We expect profitability to improve
in 2018 as the company rolls off many of the start-up costs of
opening its new hub, completing its enterprise resource planning
(ERP) system, and streamlining its distribution network
particularly in Canada."

The fully operational West Coast hub allows the company to reduce
the necessity of using costly third party warehousing and continue
to drive down costs through a more efficient supply chain and
distribution. S&P said, "However, we do expect shipping costs
increases and commodity price inflation, particularly in steel, to
be a headwind for the company in 2018. The company took a price
increase in late 2017 to offset the rise in shipping costs and
another price increase in May 2018 to offset the rise in commodity
prices, but the benefits of these increases could take a few
quarters to materialize, creating near-term pressure on margins.
Nevertheless, we expect the company to continue its solid organic
growth with further penetration in the home improvement retail
space as trends in U.S. housing and residential remodeling continue
to be favorable. We also expect the company to capitalize on recent
new business wins within its key and key accessories business to
support our forecast for revenue and profitability growth."

S&P said, "The stable outlook reflects our expectation for the
company to maintain leverage of between 7x and 8x over the next 12
months through improved profitability from sourcing initiatives
with its newly commissioned West Coast hub and integration of the
ST Fastening Systems acquisition. We also expect the company to
offset commodity price inflation and rising freight costs with
pricing increases, as well as benefit from key new business wins.
Although we think a debt-financed acquisition is likely in the near
term, we expect the company to manage leverage below 8x and to
return to being FOCF positive within 12 months.

"We could lower the ratings if Hillman sustains debt to EBITDA
above 8x or if we expect the company will not be able to return to
positive FOCF generation within 12 months. This could occur if the
U.S. housing market deteriorates and consumer demand for the
company's products weakens, leading to declining revenues and
EBITDA margin contraction to the low-teens area. In such a
scenario, the company would not meet our base-case forecast of
improving EBITDA margins from better pricing, sourcing, and cost
controls.

"While unlikely in the near term, we could raise the ratings if
leverage were to decline to below 5x and the company's majority
sponsor owner were to commit to sustaining leverage below 5x. We
believe this scenario is unlikely as the company will continue to
seek acquisitions as a major part of its growth strategy. Assuming
constant EBITDA levels, the company would need to reduce debt over
$450 million for leverage to be below 5x."


J.P. QUESOS: Taps Marcos D. Oliva as Legal Counsel
--------------------------------------------------
J.P. Quesos San Miguel, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Marcos D. Oliva,
P.C. as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in post-petition financing
and asset sale; give advice on corporate and administrative
matters; investigate fraudulent transfer; assist in the preparation
of a plan of reorganization; and provide other legal services
related to its Chapter 11 case.

The firm charges an hourly fee of $300 for the services of its
attorneys.  Bankruptcy legal assistants charge $125 per hour.

Marcos Oliva, Esq., principal of the firm, disclosed in a court
filing that he and his firm do not have any business or
professional connections with the Debtor and its creditors.

The firm can be reached through:

     Marcos D. Oliva, Esq.
     Leigh Ann Tognetti, Esq.   
     Jana Smith Whitworth, Esq.       
     Marcos D. Oliva, P.C.
     223 W. Nolana Boulevard
     McAllen, TX 78504
     Phone: (956) 683-7800
     Fax: (866) 868-4224  
     Email: marcos@oliva.law
     Email: leighann@oliva.law
     Email: jana@oliva.law

                 About J.P. Quesos San Miguel LLC

J.P. Quesos San Miguel, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Texas Case No. 18-10121) on April
30, 2018.  At the time of the filing, the Debtor disclosed that it
had estimated assets of less than $1 million and liabilities of
less than $1 million.  Judge Eduardo V. Rodriguez presides over the
case.


MATTEL INC: Moody's Cuts CFR to B1 from Ba3, Outlook Stable
-----------------------------------------------------------
Moody's Investors Service downgraded Mattel, Inc.'s Corporate
Family Rating and Probability of Default Rating to B1 and B1-PD
from Ba3 and Ba3-PD, respectively. Mattel's unguaranteed unsecured
notes were downgraded to B3 from B2. The company's guaranteed
unsecured notes were downgraded to Ba3 from Ba2. The speculative
grade liquidity rating was affirmed at SGL-2. The ratings outlook
is stable. These rating actions conclude the review for downgrade
initiated on March 16, 2018.

The following ratings were downgraded:

Mattel, Inc.:

Corporate Family Rating to B1 from Ba3

Probability of Default Rating to B1-PD from Ba3-PD

Senior unsecured $1 billion notes with subsidiary guarantees to Ba3
(LGD 3) from Ba2 (LGD 3)

Unsecured unguaranteed bonds to B3 (LGD 5) from B2 (LGD 5)

The following ratings were affirmed:

Speculative grade liquidity rating at SGL-2

The outlook on all ratings is stable

RATINGS RATIONALE

The downgrade to B1 reflects Moody's view that Mattel's credit
metrics will remain weak over the next 12-18 months as a result of
lost sales due to the liquidation of Toys "R" US, formerly one of
Mattel's key retailers. Moody's expects that Mattel's debt/EBITDA
will remain above 8.0x through 2018. However, Moody's expects that
leverage will approach 5.0x by the end of 2019 due to earnings
growth as a result of cost savings initiatives. Mattel is targeting
to achieve $650 million of run-rate cost savings by the end of
2019. Moody's believes that these savings are achievable. However,
execution risk is high, since a successful turnaround will require
Mattel to grow its sales at the same time it reduces its cost base.
To achieve this, Mattel will need to invest some of its savings to
support its brands and develop new content. The company also faces
a period of management transition following the appointment of Ynon
Kreiz as CEO, the fourth person in the position in four years.
Mattel's ratings are supported by solid performance for Barbie and
Hot Wheels, two of the company's most profitable brands, and
Mattel's healthy liquidity. Mattel had over $500 million of cash
and full availability under its $1.6 billion revolving credit
facility at March 31, 2018.

The stable outlook reflects Moody's expectations that Mattel's
credit metrics will remain weak in 2018, but improve in 2019 due to
earnings improvement from the realization of cost savings.

Mattel's ratings could be upgraded if the company grows sales and
operating profits, realizes its planned cost savings, generates
positive free cash flow, and reduces debt/EBITDA to below 5.0x.

The ratings could be downgraded if Mattel experiences further
operating challenges, delays in realizing cost savings, or if
liquidity weakens.

Mattel, Inc., headquartered in El Segundo, California is a
worldwide leader in the design, manufacture and marketing of toys.
The company's core portfolio is comprised of brands such as Barbie,
Fisher-Price, Hot Wheels, Matchbox, Thomas the Tank Engine, Mega
Brands and American Girl. Mattel also derives a significant portion
of its sales from entertainment properties licensed from Disney,
Warner Bros., and other content owners. Sales for the 12 months
ended March 31, 2018 approximated $4.9 billion.

The principal methodology used in these ratings was Global Packaged
Goods published in January 2017.


MELINTA THERAPEUTICS: Reports $29.4M Net Loss for First Quarter
---------------------------------------------------------------
Melinta Therapeutics, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $29.43 million on $14.84 million of total revenue for the three
months ended March 31, 2018, compared to a net loss of $74,000 on
$22.46 million of total revenue for the three months ended March
31, 2017.

As of March 31, 2018, Melinta had $448.74 million in total assets,
$248.91 million in total liabilities and $199.83 million in total
shareholders' equity.

Net cash used in operating activities for the three months ended
March 31, 2018 was $51.4 million and net cash provided by operating
activities for the three months ended March 31, 2017 was $3.6
million.  In 2018, the primary use of cash was related to
supporting the Company's commercial activities, in addition to
development and discovery research activities for its product
candidates and support for its general and administrative
functions.  The Company used $55.0 million more in operations
during 2018 due primarily to higher operating expenses, excluding
non-cash and debt extinguishment expenses, of $41.0 million, driven
by the IDB acquisition and launch of Baxdela during the quarter.
In addition, the Company received and recognized $20.0 million in
revenue from a licensing agreement in 2017, which was the main
driver for the cash flow from operations during the prior-year
period.  The increase in cash used in operations year-over-year was
driven higher by changes in working capital accounts totaling $14.0
million.

Net cash used in investing activities for the three months ended
March 31, 2018, of $166.9 million was related principally to the
purchase of the IDB assets of $166.4 million, as well as $0.5
million for purchases of equipment.  Net cash used in investing
activities for the three months ended March 31, 2017, related to
the purchases of equipment.

Net cash provided by financing activities of $181.4 million for the
three months ended March 31, 2018.

"We have incurred losses from operations since our inception and
had an accumulated deficit of $592.1 million as of March 31, 2018.
We expect to incur substantial expenses and further losses in the
foreseeable future for the research, development, and
commercialization of our product candidates and approved products.
As a result, we will need to fund our operations through public or
private equity offerings, debt financings, or corporate
collaborations and licensing arrangements.  We have concluded it is
not yet probable that our current operating plans, existing cash
and cash collections from existing revenue arrangements and product
sales will be sufficient to fund our operations for the next twelve
months," the Company stated in the SEC filing.

"Management is currently pursuing various funding options,
including seeking additional equity or debt financing and grants,
as well as a strategic collaboration or partnership to obtain
additional funding or expand its product offerings.  While the
recent acquisition of IDB from The Medicines Company does provide
us with incremental revenues, the cost to further develop and
commercialize Baxdela and to support the IDB products is expected
to significantly exceed revenues for at least the next twelve
months.  While there can be no assurance that we will be successful
in our efforts, we have a strong history of raising equity
financing to fund our development activities.  Should we be unable
to obtain adequate financing on reasonable terms in the near term,
the Company's business, result of operations, liquidity and
financial condition would be materially and negatively affected,
and we would be unable to continue as a going concern.
Additionally, there can be no assurance that, assuming we are able
to strengthen our cash position, we will achieve sufficient revenue
or profitable operations to continue as a going concern. Our
history of operating losses, limited cash resources and lack of
certainty regarding obtaining significant financing or timing
thereof, raise substantial doubt about our ability to continue as a
going concern absent a strengthening of our cash position.  The
financial statements do not include any adjustments relating to the
recoverability and classification of liabilities that might be
necessary should we be unable to continue as a going concern."

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

                        https://is.gd/9aghb8

                      About Melinta Therapeutics

New Haven, Connecticut-based Melinta Therapeutics, Inc. --
www.melinta.com -- is a pure-play antibiotics company, dedicated to
saving lives threatened by the global public health crisis of
bacterial infections through the development and commercialization
of novel antibiotics that provide new therapeutic solutions.  Its
four marketed products include Baxdela (delafloxacin), Vabomere
(meropenem and vaborbactam), Orbactiv (oritavancin), and Minocin
(minocycline) for Injection.  It also has an extensive pipeline of
preclinical and clinical-stage products representing many important
classes of antibiotics, each targeted at a different segment of the
anti-infective market.  Together, this portfolio provides Melinta
with the unique ability to provide providers and patients with a
range of solutions that can meet the tremendous need for novel
antibiotics treating serious infections.

Deloitte & Touche LLP, in Chicago, Illinois, the Company's auditor
since 2014, issued a "going concern" opinion in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
stating that the Company's recurring losses from operations and
their need to obtain additional capital raise substantial doubt
about its ability to continue as a going concern.

Melinta reported a net loss available to common shareholders of
$78.17 million in 2017, a net loss available to common shareholders
of $95.04 million in 2016 and a net loss available to common
shareholders of $94.92 million in 2015.  As of Dec. 31, 2017,
Melinta had $160.27 million in total assets, $87.93 million in
total liabilities and $72.33 million in total shareholders' equity.


MIAMI BEVERLY: Taps Leiderman Shelomith as Legal Counsel
--------------------------------------------------------
Miami Beverly, LLC, seeks approval from the U.S. Bankruptcy Court
for the Southern District of Florida to hire Leiderman Shelomith
Alexander + Somodevilla, PLLC as legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; represent the Debtors in
negotiation with their creditors in the preparation of a bankruptcy
plan; and provide other legal services related to their Chapter 11
cases.

The hourly rates for the firm's attorneys range from $250 to $425.
Legal assistants charge $120 per hour.  

Ido Alexander, Esq., the attorney who will be handling the cases,
charges an hourly fee of $325.  His firm received from the Debtor a
retainer in the sum of $13,717, inclusive of the filing fee of
$1,717.

Leiderman does not represent any interests adverse to the Debtor's
estate, according to court filings.

The firm can be reached through:

     Ido J. Alexander, Esq.  
     Leiderman Shelomith Alexander
     + Somodevilla, PLLC    
     2699 Stirling Road, Suite C401
     Ft. Lauderdale, FL 33312  
     Telephone: (954) 920-5355
     Facsimile: (954) 920-5371
     Email: ija@lsaslaw.com

                     About Miami Beverly LLC

Miami Beverly, LLC and its affiliates 1336 NW 60 LLC, Reverend,
LLC, 13300 Alexandria Dr. Holdings, LLC and The Holdings at City,
LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Lead Case No. 18-14506) on April 17, 2018.

At the time of the filing, Miami Beverly estimated assets of less
than $50,000 and liabilities of less than $500,000.  

Judge Laurel M. Isicoff presides over the cases.


MSC 2007 IQ16: Fitch Downgrades Class A-J Certs to Csf from CCCsf
-----------------------------------------------------------------
Fitch Ratings has downgraded four classes and affirmed 11 classes
of Morgan Stanley Capital I Trust (MSC 2007-IQ16) commercial
mortgage pass-through certificates series 2007-IQ16.

KEY RATING DRIVERS

Concentrated Pool; Specially Serviced Loans: The pool is
concentrated and consists of one performing loan (4%), and 18
specially serviced loans/assets (96%). Since Fitch's last rating
action in May 2017, eight loans have transferred to special
servicing. The increased percentage of specially serviced loans is
due to the large number of loans that matured in 2017. The
downgrades to classes A-J through B reflect the increased certainty
that these classes will incur losses from the liquidation of the
specially serviced assets as well as the limited credit
enhancement.

High Retail Concentration and Tertiary Mall Exposure: Loans backed
by retail properties represent 73% of the pool. The largest loan in
the pool (30%), Bangor Mall, is secured by a regional mall in a
tertiary market and is currently in foreclosure. The mall had
exposure to Sears and Macy's, but Macy's closed in spring of 2017,
and Sears announced that it would close its location in April 2018.


Paydown: As of the April 2018 distribution date, the pool's
aggregate principal balance has been reduced by 90% to $268.5
million from $2.6 billion at issuance. Since the previous review,
the pool's balance has paid down 32%.

Under-Collateralized: The deal is currently under-collateralized by
$153,335 as a result of a workout-delayed reimbursement amount, or
WODRA, related to an REO asset

RATING SENSITIVITIES

Further downgrades to the distressed classes will occur as losses
are realized. All classes are dependent on proceeds from specially
serviced loans/assets.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G-10

No third-party due diligence was provided or reviewed in relation
to this rating.

Fitch downgrades the following classes:

  --$116.9 million class A-J to 'Csf' from 'CCCsf'; RE 40%;

  --$26.8 million class A-JFX to 'Csf' from 'CCCsf'; RE 40%;

  --$33.6 million class A-JA to 'Csf' from 'CCCsf'; RE 40%;

  --$19.5 million class B to 'Csf' from 'CCsf'; RE 0%.

Fitch affirms the following classes:

  --$26 million class C at 'Csf'; RE 0%;

  --$16.2 million class D at 'Csf'; RE 0%;

  --$29.5 million class E at 'Dsf'; RE 0%;

  --$0 class F at 'Dsf'; RE 0%;

  --$0 class G at 'Dsf'; RE 0%;

  --$0 class H at 'Dsf'; RE 0%;

  --$0 class J at 'Dsf'; RE 0%;

  --$0 class K at 'Dsf'; RE 0%;

  --$0 class L at 'Dsf'; RE 0%;

  --$0 class M at 'Dsf'; RE 0%;

  --$0 class N at 'Dsf'; RE 0%.

Fitch does not rate the class O, P, Q and S certificates. Fitch
previously withdrew the ratings on the interest-only class X-1,
X-2, and A-JFL certificates. Classes A-1, A-1A, A-2, A-3, A-4, A-M,
A-MFL, and A-MA have paid in full.


NAPPY SHOPPE: Taps DeMarco-Mitchell as Legal Counsel
----------------------------------------------------
Nappy Shoppe, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Texas to hire DeMarco-Mitchell, PLLC as its
legal counsel.

The firm will assist the Debtor in the preparation of a plan of
reorganization and will provide other legal services related to its
Chapter 11 case.

The firm will charge these hourly rates:

     Robert DeMarco       Attorney      $350
     Michael Mitchell     Attorney      $285
     Barbara Drake        Paralegal     $125

DeMarco-Mitchell received a retainer in the sum of $5,000.

Robert DeMarco, Esq., a member of DeMarco-Mitchell, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert T. DeMarco, Esq.
     Michael S. Mitchell, Esq.
     DeMarco-Mitchell, PLLC  
     1255 W. 15th Street, 805  
     Plano, TX 75075  
     Tel: 972‐578‐1400  
     Fax: 972‐346‐6791  
     Email: robert@demarcomitchell.com
     Email mike@demarcomitchell.com

                      About Nappy Shoppe LLC

Nappy Shoppe, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 18-40745) on April 7,
2018.  In the petition signed by Sharon Vaughan, managing member,
the Debtor disclosed that it had estimated assets of less than
$50,000 and liabilities of less than $500,000.  Judge Brenda T.
Rhoades presides over the case.


NATIONS INSURANCE: A.M. Best Affirms 'B' Financial Strength Rating
------------------------------------------------------------------
A.M. Best has revised the outlooks to stable from negative and
affirmed the Financial Strength Rating of B (Fair) and the
Long-Term Issuer Credit Rating of "bb" of Nations Insurance Company
(Nations) (Cerritos, CA).

The Credit Ratings (ratings) of Nations reflect its balance sheet
strength, which A.M. Best categorizes as adequate, as well as its
adequate operating performance, limited business profile and
marginal enterprise risk management.

The revised outlook to stable from negative is based on the recent
improvement of Nations' operating performance and risk-adjusted
capitalization, driven by increased underwriting earnings and
investment income, which led to solid surplus growth. In addition,
Nations implemented a 50% quota share reinsurance contract
effective Jan. 1, 2017, which significantly reduced its net
underwriting leverage. This quota share reinsurance was increased
to 60% effective Jan. 1, 2018. Furthermore, Nations has implemented
rate increases in recent years, which have enhanced net
underwriting income, and increased investment allocation to
long-term bonds from short-term investments, which has increased
net investment yield and net investment income.


NINE WEST: Taps Berkeley Research as Financial Advisor
------------------------------------------------------
Nine West Holdings, Inc., seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Berkeley
Research Group, LLC as financial advisor.

The firm will provide forensic and financial analysis services,
which include the analysis and investigation of potential claims of
the Debtors against equity interest holders, and any other
potential or actual conflict of interest aspects of any sale,
acquisition, financing or restructuring transaction by the
Debtors.

The firm will render professional services at the direction of
independent directors Alan Miller and Harvey Tepner.

Berkeley's hourly rates range from $675 to $995 for managing
directors, $505 to $740 for directors, $260 to $510 for
professional staff, and $135 to $195 for support staff.

The Berkeley professionals expected to provide the services and
their hourly rates are:

     Jay Borow           $995
     Ed Ordway           $995
     Duncan Pickett      $830
     William Epstein     $795
     Jack Surdoval       $775
     John Fenn           $695
     Sal Tajuddin        $575

The firm received a retainer in the sum of $250,000 from the
Debtors.

Jay Borow, managing director of Berkeley, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Berkeley can be reached through:

     Jay Borow
     Berkeley Research Group, LLC
     810 Seventh Avenue, Suite 4100
     New York, NY 10019
     Phone: 212.782.1411 / 646.205.9320
     Fax: 646.454.1174
     Email: jborow@thinkbrg.com

                    About Nine West Holdings

Nine West Holdings is a footwear, accessories, women's apparel, and
jeans wear company with a portfolio of brands that includes Nine
West, Anne Klein, and Gloria Vanderbilt.  The company is a
wholesale partner to major U.S. retailers and has international
licensing arrangements covering more than 1,200 points of sale
around the world.

On April 6, 2018, Nine West Holdings, Inc., and 10 affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
18-10947).  Nine West estimated $500 million to $1 billion in
assets and $1 billion to $10 billion in liabilities as of the
bankruptcy filing.

The Hon. Shelley C. Chapman is the case judge.  Nine West Holdings'
legal advisors are Kirkland & Ellis LLP.  The Company's financial
advisor is Lazard Freres & Co., and its restructuring advisor is
Alvarez & Marsal North America LLC.  Prime Clerk LLC is the claims
and noticing agent.

The Independent Directors tapped Munger, Tolles & Olson LLP as
counsel and Berkeley Research Group as financial advisor.

William K. Harrington, the U.S. Trustee for Region 2, appointed an
official committee of unsecured creditors.


NINE WEST: Taps Munger Tolles as Conflicts Counsel
--------------------------------------------------
Nine West Holdings, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Munger, Tolles

& Olson LLP as its legal counsel.

The firm will provide legal advice on restructuring-related matters
that involve a potential or actual conflict of interest for Nine
West and its affiliates, and those matters on which the Debtors'
lead bankruptcy counsel has an ethical conflict of interest.

Munger will render professional services at the direction of
independent directors Alan Miller and Harvey Tepner.

The firm will charge these hourly rates:

     Partners              $795 - $1,400
     Of Counsel              $825 - $995
     Associates              $425 - $790
     Paraprofessionals       $250 - $400

Munger received from the Debtor an advance retainer in the sum of
$250,000.

Seth Goldman, Esq., a partner at Munger, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Goldman disclosed that his firm has not agreed to any variations
from, or alternatives to, its standard or customary billing
arrangements; and that no Munger professional has varied his rate
based on the geographic location of the Debtors' Chapter 11 cases.


Mr. Goldman also disclosed that the hourly rates applied by Munger
with respect to the representation of the Debtors during the
12-month period before the petition date were the same as its
hourly rates for the period after January 1, 2018.  

The rates for 2017 ranged from $735 to $1,300 for partners, $735 to
$1,025 for of counsel, $410 to $725 for associates, and $190 to
$395 for paraprofessionals, according to Mr. Goldman.

The Debtors have already approved Munger's budget and staffing plan
for the period April 6 to June 30, 2018, Mr. Goldman further
disclosed.

Munger can be reached through:

     Seth Goldman, Esq.
     Munger, Tolles & Olson LLP
     350 S. Grand Ave., 50th Floor
     Los Angeles, CA 90071
     Tel: (213) 683-9554
     Email: Seth.Goldman@mto.com

                    About Nine West Holdings

Nine West Holdings is a footwear, accessories, women's apparel, and
jeans wear company with a portfolio of brands that includes Nine
West, Anne Klein, and Gloria Vanderbilt.  The company is a
wholesale partner to major U.S. retailers and has international
licensing arrangements covering more than 1,200 points of sale
around the world.

On April 6, 2018, Nine West Holdings, Inc., and 10 affiliates
sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No.
18-10947).  Nine West estimated $500 million to $1 billion in
assets and $1 billion to $10 billion in liabilities as of the
bankruptcy filing.

The Hon. Shelley C. Chapman is the case judge.  Nine West Holdings'
legal advisors are Kirkland & Ellis LLP.  The Company's financial
advisor is Lazard Freres & Co., and its restructuring advisor is
Alvarez & Marsal North America LLC.  Prime Clerk LLC is the claims
and noticing agent.

The Independent Directors tapped Munger, Tolles & Olson LLP as
counsel and Berkeley Research Group as financial advisor.

William K. Harrington, the U.S. Trustee for Region 2, appointed an
official committee of unsecured creditors.


NJ COMMUNITY SPINE: Taps Thomas Totaro as Accountant
----------------------------------------------------
NJ Community Spine and Pain, LLC seeks approval from the U.S.
Bankruptcy Court for the District of New Jersey to hire an
accountant.

The Debtor proposes to employ Thomas Totaro, an enrolled agent and
a member of Frontier Tax Works, LLC, to provide bookkeeping
services and prepare its tax returns, monthly operating reports and
other financial documents.

Mr. Totaro's firm will charge a monthly fee of $289 for bookkeeping
services, and an hourly fee ranging from $50 to $300 for the
preparation of tax returns and other accounting services.

In a court filing, Mr. Totaro disclosed that he and his firm are
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Mr. Totaro maintains an office at:

     Thomas Totaro
     Frontier Tax Works, LLC
     1108 Hooper Avenue, Suite 3
     Toms River, NJ 08753
     Phone: (732) 341-1773

                About NJ Community Spine and Pain

NJ Community Spine and Pain, LLC, practices as a Chiropractor
provider in Toms River, New Jersey.  NJ Community Spine and Pain
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D.N.J. Case No. 17-33945) on Nov. 28, 2017.  In its petition signed
by Vincent Giardina, manager, the Debtor estimated assets of less
than $50,000 and liabilities of less than $1 million.  Judge
Christine M. Gravelle presides over the case.  The Debtor tapped
McDowell Law, PC as its legal counsel.


PLEDGE PETROLEUM: Director John Walter Has 9.3% Stake as of May 2
-----------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, John Walter Huemoeller II, a director of Pledge
Petroleum Corp., reported that he beneficially owns 20,000,000
shares of common stock of the Company, constituting 9.3 percent
based on 234,286,464 shares of Common Stock outstanding as of
May 2, 2018.

On May 2, 2018, Mr. Huemoeller was awarded a grant of 10,000,000
shares of restricted Common Stock, vesting 1/3rd immediately on the
grant date, 1/3rd on the one year anniversary of the grant date and
1/3rd on the two year anniversary of the grant date for his
services as a director.  Mr. Huemoeller has the right to vote all
10,000,000 shares of restricted Common Stock, therefore, these
shares are included in his total beneficial ownership.  On Dec. 4,
2014, Mr. Huemoeller was awarded a grant of 10,000,000 shares of
restricted Common Stock for his services as chief executive officer
of the Company, all of which are vested.

A full-text copy of the regulatory filing is available at:

                      https://is.gd/1BFLau

                     About Pledge Petroleum

Headquartered in Houston, Texas, Pledge Petroleum Corp --
http://www.pledgepcorp.com/-- focuses on the acquisition of
various oil producing fields.  The Company was formerly known as
Propell Technologies Group, Inc. and changed its name to Pledge
Petroleum Corp. in February 2017.

During the past year, the Company's management, at the direction of
the Board of Directors, has evaluated, considered, and brought
forward various opportunities to acquire producing oil fields;
however, to date, an oil field meeting the criteria acceptable to
the Board of Directors (which criteria include among other things,
low general and administrative costs, ability to generate cash flow
and ability to fully utilize the Plasma Pulse Technology) has not
been found.  The Company had suspended its operations and reduced
its operating expenses as the Board of Directors are considering
various options as to the future direction of the Company,
including a possible dissolution.

Pledge Petroleum reported a net loss available to common
stockholders of $4.74 million for the year ended Dec. 31, 2016,
compared with a net loss available to common stockholders of $6.89
million for the year ended Dec. 31, 2015.  As of Sept. 30, 2017,
Pledge Petroleum had $8.78 million in total assets, $1.10 million
in total liabilities, all current, and $7.67 million in total
stockholders' equity.

RBSM LLP, in New York, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has incurred recurring
operating losses and had a net loss for the year ended Dec. 31,
2016.  The Company has also suspended its business operations.  The
auditors said these conditions raise substantial doubt about the
Company's ability to continue as a going concern.


PLEDGE PETROLEUM: Director John Zotos Has 5.6% Stake as of May 2
----------------------------------------------------------------
John Zotos, a director of Pledge Petroleum Corp., disclosed in a
Schedule 13D filed with the Securities and Exchange Commission that
he beneficially owns 13,160,000 shares of common stock of the
Company, constituting 5.6 percent based on 234,286,464 shares of
Common Stock outstanding as of May 2, 2018.

On May 2, 2018, Mr. Zotos was awarded a grant of 10,000,000 shares
of restricted Common Stock, vesting 1/3rd immediately on the grant
date, 1/3rd on the one year anniversary of the grant date and 1/3rd
on the two year anniversary of the grant date for his services as a
director.  Mr. Zotos has the right to vote all 10,000,000 shares of
restricted Common Stock, therefore, these shares are included in
his total beneficial ownership.  On Dec. 5, 2014, Mr. Zotos was
awarded a grant of 3,000,000 shares of restricted Common Stock for
his services as a director of the Company, all of which are vested.
In August 2014, Mr. Zotos and his wife purchased an aggregate of
160,000 shares of Common Stock using personal funds.

A full-text copy of the regulatory filing is available at:

                       https://is.gd/bYyv7S

                      About Pledge Petroleum

Headquartered in Houston, Texas, Pledge Petroleum Corp --
http://www.pledgepcorp.com/-- focuses on the acquisition of
various oil producing fields.  The Company was formerly known as
Propell Technologies Group, Inc. and changed its name to Pledge
Petroleum Corp. in February 2017.

During the past year, the Company's management, at the direction of
the Board of Directors, has evaluated, considered, and brought
forward various opportunities to acquire producing oil fields;
however, to date, an oil field meeting the criteria acceptable to
the Board of Directors (which criteria include among other things,
low general and administrative costs, ability to generate cash flow
and ability to fully utilize the Plasma Pulse Technology) has not
been found.  The Company had suspended its operations and reduced
its operating expenses as the Board of Directors are considering
various options as to the future direction of the Company,
including a possible dissolution.

Pledge Petroleum reported a net loss available to common
stockholders of $4.74 million for the year ended Dec. 31, 2016,
compared with a net loss available to common stockholders of $6.89
million for the year ended Dec. 31, 2015.  As of Sept. 30, 2017,
Pledge Petroleum had $8.78 million in total assets, $1.10 million
in total liabilities, all current, and $7.67 million in total
stockholders' equity.

RBSM LLP, in New York, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has incurred recurring
operating losses and had a net loss for the year ended Dec. 31,
2016.  The Company has also suspended its business operations.  The
auditors said these conditions raise substantial doubt about the
Company's ability to continue as a going concern.


POWER PRODUCTS: S&P Affirms 'B' Corp Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Menomonee Falls, Wis.-based Power Products LLC. The outlook is
stable.

S&P said, "At the same time, we affirmed our 'B' issue-level and
'3' recovery ratings on the company's first-lien credit facilities,
comprising a $30 million revolving credit facility due in 2021 and
a $359 million first-lien term loan due in 2022 (including the
proposed $90 million incremental first-lien term loan). The '3'
recovery rating reflects our expectation for meaningful recovery
(50%-70%; rounded estimate: 55%) in the event of a payment
default.

"The affirmation reflects our expectation that Power Products'
leverage will rise modestly as a result of this transaction but
remain below 6x on a pro forma basis. The incremental debt issuance
will be largely offset by EBITDA contributions from a proposed
acquisition. We expect that broadly favorable end-market conditions
will lead to continued improvement in Power Products' operating
performance, which should support gradual improvement in its credit
metrics. The stable outlook reflects our belief that the company
will maintain debt to EBITDA below 6.5x and adequate liquidity over
the next 12 months.

"The stable outlook on Power Products reflects our expectation that
relatively broad strength in the company's end markets will
continue to increase volumes and enable Power Products to sustain
its good operating performance and free cash flow. We believe the
company will maintain leverage below 6.5x over the next 12-18
months.

"We could lower our ratings on Power Products if we expect that
deteriorating conditions in its end markets, operational
challenges, or sizable debt-funded acquisitions or dividends will
cause debt to EBITDA to increase above 6.5x, and we believe those
elevated levels would be maintained. We could also lower our
ratings if the company cannot generate positive free cash flow and
liquidity becomes constrained.

"We could raise our ratings on Power Products if the company
maintains its good operating performance, causing debt to EBITDA to
drop below 5x, and we believe there is a low risk of releveraging.
In this scenario, we could raise the rating if the company and its
sponsors' financial policies support maintaining leverage of less
than 5x even when incorporating potential acquisitions and
dividends."


PRINCETON ALTERNATIVE: Taps Sills Cummis as Legal Counsel
---------------------------------------------------------
Princeton Alternative Income Fund, LP and Princeton Alternative
Funding LLC received approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire Sills Cummis & Gross, P.C. as
their legal counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code; represent them in negotiations; assist in the
preparation of a bankruptcy plan; and provide other legal services
related to their Chapter 11 cases.

The firm will provide a 10% discount on its standard hourly rates,
which currently range from $425 to $1,050 for members, $395 to $625
for of counsel, $295 to $495 for associates, and $50 to $295 for
paralegals and clerks.

The principal professionals and paraprofessionals designated to
represent the Debtors and their standard hourly rates before
application of the 10% discount are:

     Valerie Hamilton      Of Counsel    $595
     George Hirsch         Member        $695
     Eric Westenberger     Member        $550
     Rachel Brennan        Associate     $495

On March 7, 2018, Sills received advanced funds in the sum of
$100,000 for its pre-bankruptcy consultation services.

Valerie Hamilton, Esq., at Sills, disclosed in a court filing that
her firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Ms.
Hamilton disclosed that no Sills professional has varied his rate
based on the geographic location for the Debtors' cases.  

Ms. Hamilton also disclosed that the billing rates and material
financial terms of the firm's employment have not changed
post-petition from the pre-bankruptcy arrangement.

The firm can be reached through:

     Valerie A. Hamilton, Esq.
     Sills Cummis & Gross, P.C.
     600 College Road East
     Princeton, NJ 08540
     Tel: (609) 227-4600
     Fax: (609) 227-4646
     Email: vhamilton@sillscummis.com

                    About Princeton Alternative

Princeton Alternative Income Fund, LP and Princeton Alternative
Funding LLC, a fund management company, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. N.J. Lead Case No.
18-14603) on March 9, 2018.

In the petitions signed by John Cook, authorized representative,
PAIF estimated assets of $50 million to $100 million and
liabilities of $1 million to $10 million.  PAF had estimated assets
of less than $100,000 and liabilities of $1 million to $10
million.

Judge Michael B. Kaplan presides over the cases.


QGOG CONSTELLATION: Fitch Cuts Ratings to C on Payment Moratorium
-----------------------------------------------------------------
Fitch Ratings has downgraded QGOG Constellation S.A's (QGOG
Constellation or HoldCo) Long-Term Foreign and Local Currency
Issuer Default Ratings (IDRs) to 'C' from 'CC'. Fitch has also
downgraded QGOG Constellation's senior secured notes due 2024 to
'C'/'RR4' from 'CC'/'RR4'. The senior unsecured notes due 2019 are
affirmed at 'C'/'RR6'.

QGOG Constellation's ratings downgrade reflects the company's
announcement that it has entered into a grace period following
non-payment of interest payments of approximately USD27 million on
its 9.5% senior notes due 2024 and USD3 million on its 6.25% senior
notes due 2019. Fitch expects the company's liquidity and
profitability to further deteriorate in the short to medium term,
contributing to a low visibility of cash flow stability once
contracts expire in 2018.

The recovery rating differential between QGOG Constellation's
secured and unsecured notes reflect Fitch's expectation of a below
average recovery given default for the unsecured notes. This
results from the HoldCo's level debt structural subordination to
debt at the operating company's (OpCo) level as well as the
presence of prior ranking nature of the senior secured notes.

KEY RATING DRIVERS

Deteriorating Liquidity Position: QGOG Constellation's ratings
reflect the company's wakening liquidity position and high
dependence on its ability to roll over bank debt. The company's
cash and cash equivalents declined to approximately USD269 million
(USD39 million restricted cash) as December 31, 2017 from USD450
million (USD43 million restricted cash) as of December 31, 2016.
QGOG Constellation has been rapidly burning cash to repay existing
debt, including repayment of the outstanding balance of the Alpha
Star facility. QGOG Constellation provided a corporate guarantee to
this OpCo due to the company's inability to re-contract the rig six
months earlier to its maturity date.

Re-contracting in Weak Market: QGOG Constellation's ratings reflect
its inability to re-contract its drilling rigs in anticipation of
the contracts expiration in 2018. Fitch believes it unlikely that
QGOG Constellation will be able to materially extend any of its
existing contracts under bilateral terms with Petrobras. In
addition, the company will face significant competition in the open
bidding processes for drilling rig assets given the high
availability of drilling rigs globally. Six of the company's
midwater (MW) and ultradeepwater (UDW) drilling rigs have contracts
that expire in 2018. The company's good operational track record
may put them in a favorable competitive position compared to
regional peers. Nevertheless, the market for UDW rigs remains
highly competitive and larger companies worldwide may offer more
aggressive economic terms.

Increasing HoldCo Guaranteed Debt: QGOG Constellation's holding
company level debt is expected to increase during 2018 with the
expiration of contracts that have the potential to move OpCo debt
to the parent, which will negatively pressure liquidity. As of
December 31, 2017, QGOG reported EBITDA generation of approximately
USD619 million. Despite the lower EBITDA generation, the company
was able to maintain gross leverage at 2.6x, similar to 2016,
reflecting the company's significant debt repayment during the
year. Leverage could surpass 5.0x in the medium term as contracts
expire, assuming they are promptly re-contracted at day rates of
USD200,000.

DERIVATION SUMMARY

QGOG Constellation's business risk is similar to other peers such
as Offshore Drilling Holdings (ODH; CC) in Mexico and China-based
Anton Oilfield Services Group (B-/Stable). QGOG Constellation is
rated one notch below ODH since QGOG has entered into a grace
period following non-payment of the interest on its notes. Anton is
rated three notches above QGOG due to the completion of the
company's new USD300 million 2020 bond issuance, alleviating the
refinancing burden for its existing bonds.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  --WTI and Brent oil price trend towards USD55/barrel and
USD57.5/barrel, respectively, in the long-term, in line with
Fitch's base case price deck assumptions;

  --The majority of QGOG Constellation's off-shore rigs are
re-contracted six months after expiration at market day rates of
USD200,000.

  --Operating expenditures are assumed to remain in line with
recently reported levels.

KEY RECOVERY RATING ASSUMPTIONS

  --The recovery analysis assumes that QGOG would be liquidated in
bankruptcy;

  --Fitch has assumed a 10% administrative claim.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  --Payment of interest before the expiration of the grace period.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  --An uncured payment default or distressed debt exchange on a
bond, loan or other material financial obligation.

LIQUIDITY

Weak Liquidity: QGOG Constellation's liquidity profile is expected
to continue to deteriorate due to a pressured amortization profile,
high refinancing risk and deteriorated cash flow generation. As of
December 31, 2017, QGOG Constellation's cash position totalled
USD269 million compared with USD655 million debt due in 2018. The
short-term debt is mainly comprised by USD88 million related to
Alaskan Star/Atlantic Star, USD177 million related to Amaralina
Star, USD186 million from Laguna Star outstanding debt and USD150
million of working capital lines.

QGOG Constellation S.A. recently announced that it has entered in
grace period on the interest payment of approximately USD30 million
on its senior notes due 2019 and 2024. In April 2018, QGOG extended
a USD75 million amortization instalment of its unsecured working
capital credit lines with Banco Bradesco S.A. As a result, the next
amortization payments in July 2018 will total USD150 million.

FULL LIST OF RATING ACTIONS

Fitch has downgraded QGOG's ratings as follows:

  --Foreign Currency Long-Term IDR to 'C' from 'CC';

  --Local Currency Long-Term IDR to 'C' from 'CC';

  --Senior secured notes due 2024 to 'C'/'RR4' from 'CC'/'RR4';

Fitch has affirmed the following notes:

  --Senior unsecured notes due 2019 at 'C'/'RR6'.



QUANTUM CORP: SVP of Product Operations Quits
---------------------------------------------
Rob Clark, Quantum Corporation's senior vice president of product
operations, has departed the Company, effective May 11, 2018,
according to a Form 8-K filed with the Securities and Exchange
Commission.

                       About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported by
a sales and service organization.

As of Sept. 30, 2017, Quantum Corp had $211.2 million in total
assets, $335.5 million in total liabilities and a total
stockholders' deficit of $124.3 million.  Quantum Corp reported net
income of $3.64 million for the year ended March 31, 2017, a net
loss of $76.39 million for year ended March 31, 2016, and net
income of $17.08 million for the year ended March 31, 2015.

On Jan. 11, 2018, Quantum received a subpoena from the SEC
regarding its accounting practices and internal controls related to
revenue recognition for transactions commencing April 1, 2016.
Following receipt of the SEC subpoena, the Company's audit
committee began an independent investigation with the assistance of
independent advisors, which is currently in process.

On Feb. 15, 2018, the New York Stock Exchange notified Quantum that
it is not in compliance with the NYSE's continued listing standard
because the company has not timely filed Form 10-Q for its fiscal
third quarter 2018 ended Dec. 31, 2017.


RENNOVA HEALTH: Files Amended Certificate of Incorporation
----------------------------------------------------------
Rennova Health, Inc. held a special meeting of stockholders on May
9, 2018 at which stockholders approved an amendment to the
Company's Certificate of Incorporation, as amended, to increase the
number of authorized shares of common stock from 500,000,000 to
3,000,000,000 shares.  The Company therefore filed the Amendment
with the Secretary of State of the State of Delaware on May 9,
2018.

                         About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- provides
diagnostics and supportive software solutions to healthcare
providers.  The Company's principal lines of business are
diagnostic laboratory services, supportive software solutions and
decision support and informatics services.  The company is
headquartered in West Palm Beach, Florida.

Rennova Health reported a net loss attributable to common
shareholders of $108.53 million for the year ended Dec. 31, 2017,
compared to a net loss attributable to common shareholders of
$32.61 million for the year ended Dec. 31, 2016.  As of Dec. 31,
2017, Rennova Health had $6.29 million in total assets, $41.06
million in total liabilities, $5.83 million in redeemable preferred
stock, and a total stockholders' deficit of $40.61 million.

The report from the Company's independent accounting firm Green &
Company, CPAs, in Tampa, Florida, the Company's auditor since 2015,
on the consolidated financial statements for the year ended Dec.
31, 2017, includes an explanatory paragraph stating that the
Company has significant net losses, cash flow deficiencies,
negative working capital and accumulated deficit.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


RENNOVA HEALTH: Stockholders OK Increase in Authorized Common Stock
-------------------------------------------------------------------
Rennova Health, Inc. held a special meeting of stockholders on May
9, 2018, at which the stockholders approved an amendment to the
Company's Certificate of Incorporation, as amended, to increase the
number of authorized shares of common stock from 500,000,000 to
3,000,000,000 shares.  The proposal to approve the Company's new
2018 Incentive Award Plan was defeated by the Company's
stockholders.

Proposal number 3 to authorize an adjournment of the Special
Meeting, was not voted on.  The Company had previously withdrawn
its proposal to authorize a reverse stock split, so that proposal
was also not voted on at the Special Meeting.  No other business
was conducted at the Special Meeting.

                     About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- provides
diagnostics and supportive software solutions to healthcare
providers.  The Company's principal lines of business are
diagnostic laboratory services, supportive software solutions and
decision support and informatics services.  The company is
headquartered in West Palm Beach, Florida.

Rennova Health reported a net loss attributable to common
shareholders of $108.53 million for the year ended Dec. 31, 2017,
compared to a net loss attributable to common shareholders of
$32.61 million for the year ended Dec. 31, 2016.  As of Dec. 31,
2017, Rennova Health had $6.29 million in total assets, $41.06
million in total liabilities, $5.83 million in redeemable preferred
stock, and a total stockholders' deficit of $40.61 million.

The report from the Company's independent accounting firm Green &
Company, CPAs, in Tampa, Florida, the Company's auditor since 2015,
on the consolidated financial statements for the year ended Dec.
31, 2017, includes an explanatory paragraph stating that the
Company has significant net losses, cash flow deficiencies,
negative working capital and accumulated deficit.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


SEARS HOLDINGS: Stockholders Elected Six Directors
--------------------------------------------------
Sears Holdings Corporation held its annual meeting of stockholders
on May 9, 2018 at the Company's offices in Hoffman Estates,
Illinois.

At the Meeting, the stockholders elected each of Paul G. DePodesta,
Kunal S. Kamlani, William C. Kunkler, III, Edward S. Lampert, Ann
N. Reese and Thomas J. Tisch to the Board of Directors for a
one-year term expiring at the 2019 annual meeting of stockholders
and until their successors are elected and qualified.

The stockholders also approved, by an advisory vote, the
compensation of the Company's named executive officers as described
in the Company's proxy statement and ratified the Audit Committee's
appointment of Deloitte & Touche LLP as the Company's independent
registered public accounting firm for fiscal year 2018.  The
stockholders did not approve a stockholder proposal regarding an
independent Chair of the Board of Directors.

                     Restated Bylaws Approved

On May 8, 2018, the Board of Directors of Sears Holdings
Corporation approved and adopted amendments to the Company's
Amended and Restated By-Laws in the form of Second Amended and
Restated By-Laws.  The amendments, among other things, include
revisions to: (i) Article I, Section 2 to eliminate a reference to
the Company's annual meeting of stockholders being held on the
fourth Tuesday in May and allow for the timing of the annual
meeting to be at the full discretion of the Board; (ii) Article I,
Section 9 to provide that, in order for business to be properly
brought before an annual meeting by a stockholder, notice must be
delivered to the Company not less than 90 days, and not more than
120 days, prior to the first anniversary of the preceding year's
annual meeting or, if the date of the annual meeting is more than
30 days before or 60 days after such anniversary date, then notice
must be received not earlier than 120 days prior to the date of the
annual meeting and not later than the later of the 90th day prior
to the date of the annual meeting or the 10th day following the
date on which public disclosure of the date of the annual meeting
is made; (iii) Article II, Section 2 to provide that, in order for
a stockholder to properly nominate a candidate for election as a
director, notice must be delivered to the Company not less than 90
days, and not more than 120 days, prior to the first anniversary of
the preceding year's annual meeting or, if the date of the annual
meeting is more than 30 days before or 60 days after such
anniversary date, then notice must be received not earlier than 120
days prior to the date of the annual meeting and not later than the
later of the 90th day prior to the date of the annual meeting or
the 10th day following the date on which public disclosure of the
date of the annual meeting is made; (iv) Article V, Section 1 to
provide that shares of common stock may, but need not, be
certificated at the discretion of the Board; (v) Article V, Section
1 to streamline language regarding the replacement of lost, stolen,
mutilated or destroyed stock certificates; and (vi) Article VI,
Section 1 to provide the Board with discretion regarding the
corporate seal.

                     About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $383 million on $16.70
billion of total revenues for the year ended Feb. 3, 2018, compared
to a net loss of $2.22 billion on $22.13 billion of total revenues
for the year ended Jan. 28, 2017.  As of Feb. 3, 2018, Sears
Holdings had $7.26 billion in total assets, $10.98 billion in total
liabilities and a total deficit of $3.72 billion.

                          *     *     *

As reported by the TCR on April 11, 2018, S&P Global Ratings raised
its corporate credit rating on Sears Holdings Corp. to 'CCC-' from
'SD' and its short-term corporate credit rating on Sears Roebuck
Acceptance Corp. to 'C' from 'SD'.  The outlook is negative.  S&P
said, "The upgrade reflects our view that Sears has addressed most
but not all of the 2018 maturities and will need to continue to
raise capital as well as make further progress on reducing cash use
and losses.

The TCR reported on March 26, 2018, that Fitch Ratings upgraded
Sears Long-Term IDR to 'CC' from 'RD', which Fitch believes is
reflective of the post-DDE credit profile given ongoing
restructuring concerns.

In January 2018, Moody's Investors Service downgraded Sears
Holdings Corp.'s Corporate Family Rating to 'Ca' from 'Caa3'.
Sears' 'Ca' rating reflects the company's announced pursuit of debt
exchanges to extend maturities and its sizable operating losses -
Domestic Adjusted EBITDA (as defined by Sears) was an estimated
loss of approximately $625 million for the LTM period ending Oct.
28, 2017.


SONICWALL HOLDINGS: Moody's Rates CFR 'B3' on Seahawk Split
-----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating to
SonicWALL Holdings Limited, a B2 to its proposed senior secured
first lien debt facilities and a Caa2 to its proposed second lien
debt facilities.

SonicWALL is being separated from Seahawk Holdings Limited, an
entity which owned the former software assets of Dell, Inc.

The proposed debt will be used along with a separate Seahawk
financing package to refinance existing Seahawk debt and fund a
distribution to shareholders. SonicWALL and Seahawk are owned by
private equity group Francisco Partners and Elliott Management. The
ratings outlook is stable.

RATINGS RATIONALE

The B3 Corporate Family Rating reflects the very high debt level as
a result of the separation transaction. The ratings also reflect
the company's solid market position in the unified threat
management market catering to small to mid-sized businesses. The
ratings also consider the company's large installed base of
customers, strong distribution network and recurring nature of
services revenue associated with their product offerings. Though
substantially smaller than enterprise firewall providers Fortinet,
Palo Alto Networks, Check Point and Cisco, SonicWALL has built a
strong niche providing next generation firewalls and related
security software designed, packaged and priced for smaller
installations. Though growth paused and profitability declined
under Dell ownership, the company has seen growth and profitability
return since separating from Dell (under Seahawk Holdings) in
November 2016. Moody's expects revenues to grow at high single
digit rates over the near term.

Leverage is very high however even under the most aggressive of pro
forma calculations (over 7x pro forma for certain adjustments and
one-time costs and inclusive of changes in deferred revenue but
approximately 11x on a more traditional EBITDA basis). Pro forma
free cash flow is estimated at breakeven or below for the period
ended January 31, 2018 but is expected to be modestly positive next
year. The ratings are constrained by the limited availability of
stand-alone historical financial statements and significant
adjustments needed to estimate the run rate performance of the
company.

Ratings could upgraded if the company is able to maintain high
single digit organic growth, drive cash based leverage below 6.5x
and free cash flow to debt above 5%. Ratings could be downgraded if
performance were to deteriorate or cash based leverage were to
exceed 8x or free cash flow is negative.

Liquidity is adequate based on an estimated $32 million of cash at
closing, an undrawn $50 million revolver and modest but positive
free cash flow.

The following ratings were assigned:

Assignments:

Issuer: SonicWALL Holdings Limited

Probability of Default Rating, Assigned B3-PD

Corporate Family Rating, Assigned B3

Issuer: SonicWall US Holdings Inc.

Senior Secured First Lien Bank Credit Facility, Assigned B2 (LGD3)

Senior Secured Second Lien Bank Credit Facility, Assigned Caa2
(LGD5)

Outlook Actions:

Issuer: SonicWALL Holdings Limited

Outlook, Assigned Stable

Issuer: SonicWall US Holdings Inc.

Outlook, Assigned Stable

The principal methodology used in these ratings was Software
Industry published in December 2015.

SonicWALL is a provider of unified threat management and related
security software and appliances. The company, headquartered in
Milpitas, CA had pro forma revenues of approximately $364 million
for the fiscal year ended January 31, 2018.


STAR MOUNTAIN: Committee Taps Dickinson Wright as Legal Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Star Mountain
Resources, Inc., received approval from the U.S. Bankruptcy Court
for the District of Arizona to hire Dickinson Wright, PLLC as its
legal counsel.

The firm will assist the committee in its consultation with the
Debtor; examine the conduct of the Debtor's affairs; give advice
regarding the terms of any proposed plan of reorganization; and
provide other legal services related to the Debtor's Chapter 11
case.

Carolyn Johnsen, Esq., and Katherine Anderson Sanchez, Esq., the
attorneys who will be handling the case, will charge $660 per hour
and $285 per hour, respectively.

Dickinson Wright does not represent any interests adverse to the
Debtor's estate, committee and creditors, according to court
filings.

The firm can be reached through:

     Carolyn J. Johnsen, Esq.
     Katherine A. Sanchez, Esq.
     Dickinson Wright, PLLC  
     1850 North Central Avenue, Suite 1400
     Phoenix, AZ 85004
     Phone: (602) 285-5000
     Fax: (602) 285-5100
     Email: cjjohnsen@dickinsonwright.com  
     Email: ksanchez@dickinsonwright.com

                  About Star Mountain Resources

Star Mountain Resources Inc. --
http://www.starmountainresources.com/-- is a small cap mining
company focused on the acquisition of mineral properties and their
development into producing mines.  It is headquartered in Tempe,
Arizona.

Star Mountain Resources sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 18-01594) on Feb. 21,
2018.  In the petition signed by Mark Osterberg, president and
chief operating officer, the Debtor estimated assets and
liabilities of $1 million to $10 million.  Judge Daniel P. Collins
presides over the case.  Fennemore Craig, P.C., is the Debtor's
bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on April 18, 2018.


STONEMOR PARTNERS: Delays First Quarter Financial Report
--------------------------------------------------------
StoneMor Partners L.P. disclosed in a Form 12b-25 filed with the
Securities and Exchange Commission that it was unable to file its
Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 2018 by the prescribed filing deadline (May 10, 2018) without
unreasonable effort or expense because the preparation and filing
of (i) the Partnership's Annual Report on Form 10-K for the fiscal
year ended Dec. 31, 2016, which included amendments to the
Partnership's audited  consolidated financial statements as of Dec.
31, 2015, and for each of the two years in the period ended Dec.
31, 2015, and (ii) the Partnership's Quarterly Reports on Form 10-Q
for the fiscal quarters ended March 31, 2017, June 30, 2017 and
Sept. 30, 2017, which included amendments to the Partnership's
unaudited condensed consolidated financial information for each of
the three months ended March 31, 2016, June 30, 2016 and Sept. 30,
2016, respectively, took longer than expected and, as a result, the
Partnership has not yet been able to file its Annual Report on Form
10-K for the fiscal year ended Dec. 31, 2017.  The Partnership will
file the March 31 Form 10-Q as promptly as practicable after the
2017 Form 10-K is filed.

                   About StoneMor Partners

StoneMor Partners L.P., headquartered in Trevose, Pennsylvania, is
an owner and operator of cemeteries and funeral homes in the United
States, with 316 cemeteries and 93 funeral homes in 27 states and
Puerto Rico.  StoneMor is the only publicly traded death care
company structured as a partnership.  StoneMor's cemetery products
and services, which are sold on both a pre-need (before death) and
at-need (at death) basis, include: burial lots, lawn and mausoleum
crypts, burial vaults, caskets, memorials, and all services which
provide for the installation of this merchandise.  For additional
information about StoneMor Partners L.P., please visit StoneMor's
website, and the investors section, at http://www.stonemor.com.

As of Sept. 30, 2017, StoneMor had $1.79 billion in total assets,
$1.66 billion in total liabilities and $136.74 million in total
partners' capital.  StoneMor incurred a net loss of $30.48 million
in 2016, a net loss of $23.39 million in 2015 and a net loss of
$9.78 million in 2014.

                           *    *    *

As reported by the TCR on April 6, 2018 S&P Global Ratings affirmed
its 'CCC+' corporate credit rating on StoneMor Partners L.P.  S&P
said, "The rating affirmation reflects our expectation that the
company can generate operating cash flow of approximately $25
million in 2018 to support operating needs for at least another
year.


SUMMIT FINANCIAL: Taps Ideal Corporate as Lending Broker
--------------------------------------------------------
Summit Financial Corp. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Ideal
Corporate Funding, Inc.

The firm will assist the Debtor in evaluating its strategic options
with respect to securing financing for all or a portion of its
assets and refinancing of Bank of America, N.A.'s secured
position.

Under their agreement, the Debtor will pay Ideal a fee of 2.5% of
the total lending facility developed by the firm.  The firm
recognizes that the Debtor may not have sufficient capital
available to complete the payment of the success fee at one time.
Therefore, the firm has agreed to accept payment under these
terms:

(a) $250,000 upon funding and closing of the loan between the
borrower and the lender, investor or purchaser;

(b) The balance of the success fee due to Ideal should be payable
to the firm in 36 equal, consecutive, monthly payments.  

(c) The first payment on the balance of the success fee would be
due and payable to Ideal 60 days after receipt of the initial
payment of $250,000.

Moreover, the Debtor will pay the firm an expense retainer in the
sum of $50,000.

Ideal is a "disinterested person" as defined in section 101(14) of
the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Irving Ayash
     Ideal Corporate Funding, Inc.
     14 Albert Leonard Road
     New Rochelle, NY 10804
     Phone: 914-654-8303
     Fax: 914-633-9072

                   About Summit Financial Corp

Summit Financial Corp -- https://www.summitfinancialcorp.org/ --
provides financing by purchasing and servicing retail installment
sales contracts originated at franchised automobile dealerships and
select independent used car dealerships located throughout Florida,
Alabama, and Georgia.  From its location in Plantation, Florida,
Summit Financial provides financing for automobile loans for
customers that fail to meet the standards of financing from
conventional sources, such as most banks, credit unions and other
national finance companies.  The Company was founded in 1984.

Summit Financial filed a Chapter 11 petition (Bankr. S.D. Fla. Case
No. 18-13389) on March 23, 2018.  In the petition signed by David
Wheeler, vice president, the Debtor estimated $100 million to $500
million in assets and liabilities.

Judge Raymond B Ray presides over the case.

Douglas J. Jeffrey, Esq., at the Law Offices of Douglas J. Jeffrey,
P.A. and Zach B. Shelomith at the law firm of Leiderman Shelomith
Alexander + Somodevilla, PLL, serve as the Debtor's counsel.

The U.S. Trustee for Region 21 appointed an official committee of
unsecured creditors on April 20, 2018.


SUPERIOR BOILER: Taps Jeremie Tavisola as Real Estate Broker
------------------------------------------------------------
Superior Boiler Repair Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire a real estate
broker.

The Debtor proposes to employ Jeremie Tavisola in connection with
the sale of its real property located at 8204 South Garfield
Avenue, Bell Gardens, California.

The broker will receive a commission of 6% of the gross sale price.
He anticipates selling the property for more than $1.3 million.

Mr. Tavisola disclosed in a court filing that he does not have any
connection with the Debtor or its creditors.

Mr. Tavisola maintains an office at:

     Jeremie Tavisola
     Tavisola & Associates
     1260 Corona Pointe Court, Suite 102
     Corona, CA 92879
     Tel: (951) 547-8405
     Cell: (949) 689-4829
     Email: JTavisola@Tavisola.com
     Email: JTavisola@symtex.net

                  About Superior Boiler Repair

Superior Boiler Repair Inc. is a privately-held company that
provides building boilers repair services.  Its products include
boilers, burners, feed water tanks, industrial water heaters and
pumps.  The company was founded in 1979 and is headquartered in
Bell Gardens, California.

Superior Boiler Repair sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-13505) on March 29,
2018.  In the petition signed by Omar Gamarra, president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Sandra R. Klein
presides over the case.  The Debtor hired Oaktree Law as its legal
counsel.


TRIMAS CORP: S&P Raises Corp Credit Rating to 'BB', Outlook Stable
------------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on TriMas
Corp. to 'BB' from 'BB-'. The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior unsecured debt to 'BB-' from 'B+'. The
recovery rating remains '5', reflecting our expectation of modest
(10%-30%; rounded estimate: 25%) recovery in the event of a
default."

The upgrade reflects TriMas' continued improvement in margins and
cash flows following restructuring efforts, as well as broad-based
growth in most of the company's end markets. The company's EBITDA
margins for 2017 (S&P Global's adjusted basis) was 19.4%, up from
16% in 2016. S&P said, "This has resulted in stronger credit
measures that we believe are sustainable for at least the next
12-18 months. Our adjusted debt to EBITDA for TriMas at year-end
2017 was 2.3x, down from 3.6x in 2016, and we expect further modest
improvement in 2018. Since the company has achieved its desired
leverage target, we believe it will focus its free cash flows on a
mix of bolt-on acquisitions and modest share repurchases. However,
we expect such activity would be prudently executed, such that the
company's adjusted debt to EBITDA would not exceed 3x for any
sustained period."

The outlook is stable. TriMas Corp.'s good market position, steady
operating margin, and cash flow generation should enable the
company to pursue bolt-on acquisitions and modest share repurchases
while maintaining adjusted debt to EBITDA in the 2x-2.5x range. S&P
also expects adjusted EBITDA margins will remain steady, primarily
supported by growth in its high-margin packaging business, product
rationalization within its aerospace segment, past acquisition
synergies, and cost-containment initiatives.

S&P said, "We could lower the rating over the next 12 months if
larger-than-expected, debt-financed acquisitions occured or an
economic slowdown resulted in a meaningful deterioration of TriMas'
credit measures. This could happen if, for instance, weakness in
its end markets resulted in EBITDA margins falling by more than
three or four percentage points while the company continued to
pursue acquisitions, resulting in an adjusted debt to EBITDA of
over 3x. We could also lower the ratings if liquidity weakened or
if headroom under covenants declined below 15%.

"While unlikely over the next 12 months, we could raise the rating
on TriMas if the company were able to significantly broaden the
scope and scale of its three business segments and maintain its
current EBITDA margins while at the same time not sacrificing its
current credit measures."


VISTRA ENERGY: Moody's Hikes Sr. Unsecured Notes Rating to Ba3
--------------------------------------------------------------
Moody's Investors Service upgraded Vistra Energy Corp.'s senior
unsecured notes to Ba3 from B1 and affirmed its Corporate Family
Rating (CFR) of Ba2. Moody's also affirmed the ratings of Vistra
Operations Company LLC, Vistra Energy's principal operating
subsidiary, including its Ba1 senior secured rating for the bank
loan and credit facilities. The rating outlook for Vistra Energy
and Vistra Operations remain positive.

"Vistra Energy is looking to consolidate its bank loans and debt at
Vistra Operations and will have Vistra Operations guarantee the
senior notes at Vistra Energy," said Toby Shea VP -- Sr. Credit
Officer, "With fewer layers of debt in the capital structure, the
senior unsecured debt received a high rating because the bonds will
no longer be structurally subordinated with the Vistra Operations'
guarantee."

Upgrades:

Issuer: Dynegy Inc.

Senior Unsecured Regular Bonds/Debentures, Upgraded to Ba3 (LGD5)
from B1 (LGD5)

Assignments:

Issuer: Vistra Operations Company LLC

Senior Secured Term Loan B3, Assigned Ba1 (LGD2)

Senior Secured Revolving Credit Facility, Assigned Ba1 (LGD2)

Outlook Actions:

Issuer: Vistra Energy Corp.

Outlook, Remains Positive

Issuer: Vistra Operations Company LLC

Outlook, Remains Positive

Affirmations:

Issuer: Vistra Energy Corp.

Probability of Default Rating, Affirmed Ba2-PD

Speculative Grade Liquidity Rating, Affirmed SGL-1

Corporate Family Rating, Affirmed Ba2

Issuer: Vistra Operations Company LLC

Senior Secured Bank Credit Facilities, Affirmed Ba1 (LGD2)

Issuer: Dynegy Inc.

Senior Secured Bank Credit Facilities, Affirmed Ba1 (LGD3)

RATINGS RATIONALE

Vistra Energy's business activities -- merchant power generation
and retail supply -- have a high degree of business risk given
their sensitivity to commodity price movements. The high business
risk activities are tempered by the large scale and diversity of
its generation assets, as well as the strong market position of its
Texas retail operations. Vistra Energy's debt leverage increased
significantly when it assumed Dynegy's debt but is set to fall
sharply over the next two years due to debt reduction plans.

Vistra Energy has three major sources of cash flows -- Texas
retail, Texas generation and Northeast generation. Moody's
estimates that Texas retail and Texas generation will each generate
about 30% of the consolidated EBITDA, while the remaining 40% will
come mostly from Northeast generation. Because retail operations
have only a minor amount of capital expenditures, Texas retail's
free cash flow contribution is markedly higher than its EBITDA
contribution.

Vistra Energy's retail business in Texas is its crown jewel. This
business has produced consistent and robust cash flows for many
years. Vistra Energy's TXU Energy brand has a strong reputation in
the Texas market and commands a premium pricing relative to
second-tier suppliers. Within its incumbent territory, Vistra
Energy's generation base in Texas matches well for the demands of
its retail load. This generation base provides an important
physical hedge for load risk management and a substantial amount of
working capital savings.

Vistra Energy has a large generating asset position in Texas and
its energy production roughly double that of the requirements of
its retail operation. Due to low gas prices and chronic oversupply,
the wholesale power prices in Texas have been so low that competing
coal and nuclear generators mostly operate with minimal or negative
cash flows. The market condition, however, is expected to improve
significantly for summer of 2018, in large part due to Vistra's
decision to close 4,200 MW of coal-fired capacity in early 2018.

Vistra Energy also has a large generating asset position in the
Northeast, including regions within the control of PJM
Interconnection L.L.C (PJM, Aa2 stable), New York Independent
System Operator and ISO New England. The company's Northeast
portfolio contains 10,600 MW of generating capacity using
high-efficiency gas plants. This large gas-based position allows
the plants to weather the low gas price environment as coal and
smaller nuclear assets struggle to stay open.

Vistra Energy recorded a ratio of cash flow from operations
pre-working capital (CFO Pre-WC) to debt of 25% in 2017. Despite
merging with Dynegy, which only produced a ratio of CFO Pre-WC/debt
of 5% in 2017, Moody's expects Vistra's CFO Pre-WC/debt to still be
around 20% for the full year 2018, mainly due to synergies,
operational performance improvements and debt reduction. Vistra's
management is looking to further reduce debt in 2019 and expects
its gross debt to EBITDA to be 3x or lower by the end of 2019, and
a ratio of CFO Pre-WC/debt in the mid-twenty percent range.

Liquidity

Vistra's SGL-1 speculative liquidity rating reflects very good
liquidity. The company is expected to have the capacity to meet its
obligations over the coming 12 months through internal resources
without relying on external sources of committed financing. Moody's
expects Vistra Energy to produce more than $1.5 billion of free
cash flows and maintain a minimum of $500 million of unrestricted
cash on hand.

Additionally, Vistra Energy will have about $2.3 billion of
revolving credit facilities that can be used to support letter of
credits or fund short-term cash needs. The revolving credit
facilities have covenants of 4.5x net debt to EBITDA.

Upcoming major debt maturities include $1,025 million of its
revolving credit facilities due 2020 (which will be extended and
consolidated into a new revolving credit facility down at Vistra
Operations with the bank loan transaction), and $1,750 million of
senior notes due 2022.

Outlook

Vistra Energy's positive outlook reflects the management's
deleveraging plan for 2018 and 2019, which includes reducing gross
debt to EBITDA to 3.8x for 2018 and 3.0x for 2019 and a ratio of
CFO Pre-WC to debt in the mid-twenty percent range. The positive
outlook also incorporates the rising power price environment in
Texas.

Factors that Could Lead to an Upgrade

Vistra could be upgraded if the company achieves its debt reduction
targets while maintaining good operating performance, and if the
ratio of CFO Pre-WC/Debt above twenty percent range on a sustained
basis.

Factors that Could Lead to a Downgrade

Vistra could be downgraded if the company does not follow through
on its deleveraging plans or that its ratio of CFO Pre-WC/Debt
falls to low teens range.

Company Profile

Vistra is one of the largest independent power producers in the US
with 41 Gigawatts of generating capacity and 196 terawatt hours of
power production. Its retail operation sells about 70 terawatt
hours of power a year and has about 2.9 million residential,
commercial, and industrial customers. Vistra has a large operation
in its incumbent territory of North Texas but also has sizable
generating and retail positions in Ohio, Illinois, Pennsylvania,
and Massachusetts.

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in May 2017.


WILLBROS GROUP: Reports First Quarter 2018 Results
--------------------------------------------------
Willbros Group, Inc. reported a net loss of $17.0 million, or
$(0.27) per diluted share, in the first quarter of 2018 on revenue
of $201.0 million, compared to a net loss of $17.8 million, or
$(0.29) per diluted share, in the first quarter of 2017 on revenue
of $163.9 million.

The Company had an operating loss of $10.5 million in the first
quarter of 2018 compared to an operating loss of $14.9 million in
the first quarter of 2017.  Included in the first quarter of 2018
operating loss are $8.4 million of other charges, primarily related
to professional fees associated with evaluating various strategic
alternatives, including negotiation of the pending transaction with
Primoris Services Corporation.  Also included in the first quarter
of 2018 operating loss are $6.1 million of gains on the sale of
assets, primarily related to the previously announced sales of the
mainline pipeline construction assets and the tank services
business.

Michael Fournier, president and CEO, commented, "Integration
planning with Primoris has commenced and we are focused on
finalizing the transaction.  The special meeting of stockholders is
scheduled for May 31, 2018 and, assuming transaction approval is
obtained, completion of the merger will occur quickly."

Backlog

Twelve-month backlog of $425.3 million at March 31, 2018 decreased
$51.9 million, or approximately 11% from Dec. 31, 2017, primarily
due to a significant reduction in the Oil & Gas segment backlog
resulting from work completed on the mainline pipeline and facility
construction projects.  Both the Utility T&D and Canada segments
reported an increase in twelve-month backlog at March 31, 2018
compared to Dec. 31, 2017.

Total backlog of $635.4 million at March 31, 2018 increased $19.0
million from December 31, 2017, with all of the increase
attributable to the Utility T&D segment.

                    Segment Operating Results

Utility T&D

The Utility T&D segment reported revenue of $112.6 million for the
first quarter of 2018, a $2.9 million decrease compared to the
first quarter of 2017.  The segment reported operating income of
$1.9 million in the first quarter of 2018 compared to operating
income of $0.8 million in the first quarter of 2017.  The higher
operating income was generated by improved margins in the electric
transmission business due to productivity gains and greater
equipment utilization, coupled with margin improvement in the
expanding WTD Southeast distribution business due to revenue
growth.  These improvements were partially offset by margin
deterioration in the WTD East distribution business due to a
reduction in volume and lengthy weather delays on existing
projects.

Oil & Gas

For the first quarter of 2018, the Oil & Gas segment reported
revenue of $62.6 million and operating income of $1.0 million, an
$8.3 million increase in operating income from the first quarter of
2017 when this segment generated $22.4 million in revenue.  The
improvement in operating income was primarily due to a gain on
asset sales of $5.5 million, an increase in the utilization of
equipment and a reduction of operating losses associated with the
Company's mainline pipeline and integrity construction businesses.

Canada

Canada revenue of $25.8 million for the first quarter of 2018 was
relatively flat when compared to the first quarter of 2017.  The
segment reported an operating loss of $0.9 million in the first
quarter of 2018 compared to an operating loss of $3.3 million in
the first quarter of 2017.  This improvement in operating income
was primarily driven by a higher volume of maintenance work and
specialty fabrication projects.

Liquidity

Total liquidity at March 31, 2018 was $21.4 million which
represents only unrestricted cash and cash equivalents.  In March
2018, the Company entered into forbearance agreements with its
lenders as a result of noncompliance with certain provisions of our
term and ABL credit agreements.  The forbearance agreements provide
that the Company's lenders will refrain from pursuing any remedies
with respect to certain events of default under its credit
agreements for a limited period as the Company works to complete
the merger transaction and provided the Company comply with the
provisions of the agreements.  The ABL forbearance agreement also
prohibits the company from borrowing additional funds under its
existing ABL credit facility.  At March 31, 2018, borrowings under
the ABL credit facility totaled $23.0 million.  On March 30, 2018,
an additional $10 million loan was provided under the term credit
agreement by Primoris.  The Primoris loan is repayable if the
transaction does not close.

Total liquidity was $48.8 million at Dec. 31, 2017, consisting of
$33.5 million of unrestricted cash and revolver availability of
$15.3 million.  This significant reduction in liquidity during the
first quarter of 2018 was primarily due to the operating losses
incurred in the fourth quarter of 2017 and first quarter of 2018
and the Company's inability to access the revolver under the ABL
forbearance agreement.

A full-text copy of the press release is available for free at:

                      https://is.gd/NOV414

                      About Willbros Group

Based in Houston, Texas, Willbros -- http://www.willbros.com-- is
a specialty energy infrastructure contractor serving the power and
oil and gas industries with offerings that primarily include
construction, maintenance and facilities development services.
Willbros provides its services through operating subsidiaries, and
our corporate structure is designed to comply with jurisdictional
and registration requirements and to minimize worldwide taxes.
Subsidiaries may be formed in specific work locations where such
subsidiaries are necessary or useful to comply with local laws or
tax objectives.

The report from the Company's independent accounting firm
PricewaterhouseCoopers LLP, the Company's auditor since 2011, on
the consolidated financial statements for the year ended Dec. 31,
2017, includes an explanatory paragraph stating that the Company
has suffered recurring losses from operations, cash outflows from
operating activities and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

Willbros reported a net loss of $108.09 million in 2017 and a net
loss of $47.75 million in 2016.  As of March 31, 2018, Willbros
Group had $349.03 million in total assets, $333.86 million in total
liabilities and $15.17 million in total stockholders' equity.


WRANGLER BUYER: Moody's Hikes CFR to B2 on PIK Notes Conversion
---------------------------------------------------------------
Moody's Investors Service upgraded Wrangler Buyer Corp.'s (Wrangler
Buyer or Waste Industries) Corporate Family Rating (CFR) to B2 from
B3 and the Probability of Default Rating to B2-PD from B3-PD. At
the same time, Moody's affirmed the B1 ratings on Wrangler Buyer's
senior secured bank credit facility consisting of a $200 million
first-lien revolving credit facility and a $1.06 billion first-lien
term loan B following the company's plan to increase the term loan
B by $170 million. Additionally, Moody's affirmed the Caa1 rating
on Wrangler Buyer's senior unsecured notes. The rating outlook is
stable.

The upgrade follows the April 2018 conversion of roughly $310
million of holding company pay-in-kind (PIK) notes into preferred
stock that reduced debt-to-EBITDA leverage by more than a turn and
reduces event risk with the elimination of a potential AHDYO
redemption requirement. Moody's expectations for continued strong
earnings and cash flow generation over the next couple of years,
boosted by a favorable industry backdrop and prudent acquisition
activity, provide further support to the upgrade as the stronger
earnings and cash flow should allow Waste Industries to maintain
leverage at or below the new lower level. The $170 million of
incremental term loan borrowings are expected to help fund two
acquisitions scheduled to close over the next several weeks.
Moody's projects debt-to-EBITDA to be below 6x at the end of 2018
versus near 8x at the time of the LBO in September 2017.

Moody's took the following rating actions on Wrangler Buyer Corp.:

  - Corporate Family Rating upgraded to B2 from B3

  - Probability of Default Rating upgraded to B2-PD from B3-PD

  - First-Lien Senior Secured Revolving Credit Facility affirmed at
B1 (LGD3); previously B1 (LGD2)

  - First-Lien Senior Secured Term Loan B (including proposed $170
million upsize) affirmed at B1 (LGD3); previously B1 (LGD2)

  - Senior unsecured notes affirmed at Caa1 (LGD6); previously Caa1
(LGD5)

  - Rating outlook, stable

RATINGS RATIONALE

The B2 CFR reflects the highly levered capital structure (pro forma
debt-to-EBITDA over 6x), modest scale, a regionally-focused
geographic footprint and Moody's expectation that financial
policies will be aggressive, including a more acquisition-driven
growth strategy following the change in ownership in 2017. Though
the solid waste industry benefits from largely stable and
predictable revenues and earnings due to its essential services
nature, its GDP-like annual growth rate makes quickly reducing
leverage a challenge. Nonetheless, Waste Industries generates
top-tier industry margins (EBITDA margin over 30%) and solid free
cash flow ($50+ million expected annually excluding discretionary
sponsor distributions) that provides the capacity and flexibility
to accelerate debt repayment or enhance earnings through
acquisitions. The robust margins reflect high market share and a
dense collection network in select areas of the Southeastern US, a
region that continues to experience population and economic growth
that is outpacing the rest of the US. Additional support to Waste
Industries' credit profile is provided by the favorable operating
conditions in the North American solid waste sector with
industry-wide pricing discipline, steady growth in waste volumes
and rising inflation translating into increasing earnings and cash
flow generation.

Waste Industries' liquidity is good despite a historically minimal
cash position as free cash flow is expected to exceed $50 million
over the next twelve months. The $200 million revolving line of
credit set to expire in 2022 currently has full availability.
Moody's anticipates availability will modestly fluctuate as the
facility is used to help fund acquisitions that temporarily exceed
free cash flow generation. The revolving facility is subject to
only a springing maximum first lien net leverage ratio tested when
borrowings exceed a certain level while the term loan does not have
financial maintenance covenants. Moody's does not expect borrowings
to trigger the covenant over the next twelve months absent
significant acquisition activity. There are no near-term debt
maturities on the horizon with the nearest scheduled maturity the
term loan B in 2024.

The stable outlook reflects Moody's expectation for 3%+ organic
revenue growth well into 2019 driven by the continuation of
positive pricing momentum and steady waste volumes, largely in-line
with Moody's expectations for the US solid waste industry. Moody's
anticipates margins will remain commensurate with current levels
but that free cash flow will meaningfully improve over the next 18
months with higher earnings and a tapering off of capital
expenditures. Moody's believes the majority of free cash flow will
be directed towards acquisitions with the goal of building out the
collection network to improve upon an internalization rate
currently in the 50% range. The stable outlook is further supported
by Waste Industries' good liquidity.

Profitable revenue growth leading to debt-to-EBITDA below 5x and
free cash flow-to-debt in the high-single digits could lead to
higher ratings. A financial policy supportive of sustained lower
leverage despite a ramp up in acquisition activity would also be
important when considering upward rating mobility. The ratings
would face downward pressure if Waste Industries experienced a
marked deterioration in pricing power or waste volume growth.
Similarly, difficulty integrating acquisitions, a material decline
in the EBITDA margin (well below 30%), weakening free cash flow or
erosion in the liquidity position could also lead to a downgrade.
In addition, debt-to-EBITDA remaining above 6x for an extended
period of time or EBIT-to-interest falling towards 1x could result
in negative rating action.

Waste Industries USA, LLC is a regional provider of non-hazardous,
solid waste collection, transfer, disposal and recycling services
to commercial, industrial and residential customers. The collection
business, concentrated in the Southeastern US, represents the bulk
of revenues with a significantly lower portion derived from
transfer stations and landfills. The company reported revenues of
nearly $665 million for its fiscal year 2017.

Waste Industries is owned by HPS Investment Partners, LLC, Equity
Group Investments and members of the company's management team
after the group acquired it for approximately $1.9 billion in
September 2017.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in April 2018.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                    Total    Holders'    Working
                                   Assets      Equity    Capital
  Company         Ticker             ($MM)       ($MM)      ($MM)
  -------         ------           ------    --------    -------
ABSOLUTE SOFTWRE  ABT CN             92.3       (56.6)     (34.0)
ABSOLUTE SOFTWRE  OU1 GR             92.3       (56.6)     (34.0)
ABSOLUTE SOFTWRE  ALSWF US           92.3       (56.6)     (34.0)
ABSOLUTE SOFTWRE  ABT2EUR EU         92.3       (56.6)     (34.0)
AGENUS INC        AGEN US           130.8      (113.2)      35.0
AGENUS INC        AGENUSD EU        130.8      (113.2)      35.0
AMER RESTAUR-LP   ICTPU US           33.5        (4.0)      (6.2)
AMERICAN AIRLINE  AAL11EUR EU    53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  AAL AV         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  AAL TE         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  A1G SW         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  AAL1CHF EU     53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  0HE6 LN        53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  A1G GZ         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  A1G QT         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  A1G GR         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  AAL* MM        53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  AAL US         53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  AAL1USD EU     53,280.0    (1,018.0)  (7,335.0)
AMERICAN AIRLINE  A1G TH         53,280.0    (1,018.0)  (7,335.0)
AMYRIS INC        3A01 GR           151.5      (194.7)      (2.5)
AMYRIS INC        3A01 TH           151.5      (194.7)      (2.5)
AMYRIS INC        AMRS US           151.5      (194.7)      (2.5)
AMYRIS INC        AMRSUSD EU        151.5      (194.7)      (2.5)
AMYRIS INC        3A01 QT           151.5      (194.7)      (2.5)
AMYRIS INC        AMRSEUR EU        151.5      (194.7)      (2.5)
ASPEN TECHNOLOGY  AST GR            246.0      (278.6)    (366.6)
ASPEN TECHNOLOGY  AZPN US           246.0      (278.6)    (366.6)
ASPEN TECHNOLOGY  AZPNUSD EU        246.0      (278.6)    (366.6)
ASPEN TECHNOLOGY  AST TH            246.0      (278.6)    (366.6)
ASPEN TECHNOLOGY  AZPNEUR EU        246.0      (278.6)    (366.6)
ASPEN TECHNOLOGY  AST QT            246.0      (278.6)    (366.6)
ATLATSA RESOURCE  ATL SJ            204.7      (158.2)       7.8
AUTODESK INC      ADSK US         4,113.6      (256.0)    (245.3)
AUTODESK INC      AUD TH          4,113.6      (256.0)    (245.3)
AUTODESK INC      AUD GR          4,113.6      (256.0)    (245.3)
AUTODESK INC      ADSK TE         4,113.6      (256.0)    (245.3)
AUTODESK INC      ADSK AV         4,113.6      (256.0)    (245.3)
AUTODESK INC      ADSKEUR EU      4,113.6      (256.0)    (245.3)
AUTODESK INC      ADSK LN         4,113.6      (256.0)    (245.3)
AUTODESK INC      AUD GZ          4,113.6      (256.0)    (245.3)
AUTODESK INC      ADSK* MM        4,113.6      (256.0)    (245.3)
AUTODESK INC      AUD QT          4,113.6      (256.0)    (245.3)
AUTOZONE INC      AZ5 GR          9,403.7    (1,330.5)    (120.9)
AUTOZONE INC      AZ5 TH          9,403.7    (1,330.5)    (120.9)
AUTOZONE INC      AZO US          9,403.7    (1,330.5)    (120.9)
AUTOZONE INC      AZOUSD EU       9,403.7    (1,330.5)    (120.9)
AUTOZONE INC      0HJL LN         9,403.7    (1,330.5)    (120.9)
AUTOZONE INC      AZOEUR EU       9,403.7    (1,330.5)    (120.9)
AUTOZONE INC      AZ5 QT          9,403.7    (1,330.5)    (120.9)
AVID TECHNOLOGY   AVID US           234.7      (268.6)     (61.8)
AVID TECHNOLOGY   AVD GR            234.7      (268.6)     (61.8)
AXIM BIOTECHNOLO  AXIM US             2.2        (6.3)      (5.6)
BENEFITFOCUS INC  BNFTEUR EU        187.8       (18.0)       8.2
BENEFITFOCUS INC  BNFT US           187.8       (18.0)       8.2
BENEFITFOCUS INC  BTF GR            187.8       (18.0)       8.2
BIOXCEL THERAPEU  BTAI US             1.4        (1.0)      (1.4)
BLUE BIRD CORP    BLBD US           277.2       (70.0)       2.6
BLUE RIDGE MOUNT  BRMR US         1,060.2      (212.5)     (62.4)
BOMBARDIER INC-A  BBD/A CN       26,726.0    (4,284.0)   1,212.0
BOMBARDIER INC-A  BDRAF US       26,726.0    (4,284.0)   1,212.0
BOMBARDIER INC-B  BBD/B CN       26,726.0    (4,284.0)   1,212.0
BOMBARDIER INC-B  BDRBF US       26,726.0    (4,284.0)   1,212.0
BOMBARDIER INC-B  0QZP LN        26,726.0    (4,284.0)   1,212.0
BRINKER INTL      EAT US          1,336.9      (608.5)    (305.0)
BRINKER INTL      BKJ GR          1,336.9      (608.5)    (305.0)
BRINKER INTL      BKJ QT          1,336.9      (608.5)    (305.0)
BRINKER INTL      EAT2EUR EU      1,336.9      (608.5)    (305.0)
BROOKFIELD REAL   BRE CN             93.5       (31.4)       3.9
BRP INC/CA-SUB V  B15A GR         2,558.4       (57.4)      94.6
BRP INC/CA-SUB V  BRPIF US        2,558.4       (57.4)      94.6
BRP INC/CA-SUB V  DOO CN          2,558.4       (57.4)      94.6
CACTUS INC- A     WHD US            358.3       227.3      109.0
CACTUS INC- A     43C GR            358.3       227.3      109.0
CACTUS INC- A     43C QT            358.3       227.3      109.0
CACTUS INC- A     WHDEUR EU         358.3       227.3      109.0
CACTUS INC- A     43C TH            358.3       227.3      109.0
CADIZ INC         CDZI US            66.5       (78.7)       7.0
CADIZ INC         0HS4 LN            66.5       (78.7)       7.0
CADIZ INC         2ZC GR             66.5       (78.7)       7.0
CAMBIUM LEARNING  ABCD US           158.6       (14.3)     (71.4)
CARDLYTICS INC    CYX GZ            157.8        40.6       55.3
CARDLYTICS INC    CDLX US           157.8        40.6       55.3
CARDLYTICS INC    CYX TH            157.8        40.6       55.3
CARDLYTICS INC    CDLXEUR EU        157.8        40.6       55.3
CARDLYTICS INC    CYX QT            157.8        40.6       55.3
CARDLYTICS INC    CDLXUSD EU        157.8        40.6       55.3
CARDLYTICS INC    CYX GR            157.8        40.6       55.3
CAREDX INC        1K9 GR             83.6        (6.0)     (16.1)
CAREDX INC        CDNAEUR EU         83.6        (6.0)     (16.1)
CAREDX INC        CDNA US            83.6        (6.0)     (16.1)
CASELLA WASTE     WA3 GR            631.4       (38.8)       0.3
CASELLA WASTE     CWST US           631.4       (38.8)       0.3
CASELLA WASTE     WA3 TH            631.4       (38.8)       0.3
CASELLA WASTE     CWSTEUR EU        631.4       (38.8)       0.3
CASELLA WASTE     CWSTUSD EU        631.4       (38.8)       0.3
CDK GLOBAL INC    C2G QT          2,697.9      (217.0)     465.1
CDK GLOBAL INC    0HQR LN         2,697.9      (217.0)     465.1
CDK GLOBAL INC    CDKUSD EU       2,697.9      (217.0)     465.1
CDK GLOBAL INC    C2G TH          2,697.9      (217.0)     465.1
CDK GLOBAL INC    CDKEUR EU       2,697.9      (217.0)     465.1
CDK GLOBAL INC    C2G GR          2,697.9      (217.0)     465.1
CDK GLOBAL INC    CDK US          2,697.9      (217.0)     465.1
CEDAR FAIR LP     FUN US          2,004.6       (51.0)     (99.2)
CEDAR FAIR LP     7CF GR          2,004.6       (51.0)     (99.2)
CHESAPEAKE ENERG  CHK* MM        12,086.0       (97.0)  (1,130.0)
CHESAPEAKE ENERG  CHKUSD EU      12,086.0       (97.0)  (1,130.0)
CHESAPEAKE ENERG  0HWL LN        12,086.0       (97.0)  (1,130.0)
CHESAPEAKE ENERG  CHK US         12,086.0       (97.0)  (1,130.0)
CHINA CRAWFISH L  CACA US             0.0        (0.0)      (0.0)
CHOICE HOTELS     CZH GR          1,052.0      (259.9)     (37.4)
CHOICE HOTELS     CHH US          1,052.0      (259.9)     (37.4)
CINCINNATI BELL   CBB US          2,186.0      (127.9)     349.7
CINCINNATI BELL   CIB1 GR         2,186.0      (127.9)     349.7
CINCINNATI BELL   CBBEUR EU       2,186.0      (127.9)     349.7
CLEAR CHANNEL-A   CCO US          4,670.8    (1,841.4)       -
CLEAR CHANNEL-A   C7C GR          4,670.8    (1,841.4)       -
CLEVELAND-CLIFFS  CLF* MM         2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CVA GR          2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CLF US          2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CVA TH          2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CLF2 EU         2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  0I0H LN         2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CVA GZ          2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CVA QT          2,862.9      (484.8)     987.5
CLEVELAND-CLIFFS  CLF2EUR EU      2,862.9      (484.8)     987.5
COCONNECT INC     MMND US             0.0        (0.1)      (0.1)
COGENT COMMUNICA  OGM1 GR           716.5       (97.1)     233.1
COGENT COMMUNICA  CCOI US           716.5       (97.1)     233.1
COMMUNITY HEALTH  CG5 GR         17,311.0      (178.0)   1,730.0
COMMUNITY HEALTH  CYH US         17,311.0      (178.0)   1,730.0
COMMUNITY HEALTH  CYH1USD EU     17,311.0      (178.0)   1,730.0
COMMUNITY HEALTH  CG5 QT         17,311.0      (178.0)   1,730.0
COMMUNITY HEALTH  CYH1EUR EU     17,311.0      (178.0)   1,730.0
COMMUNITY HEALTH  CG5 TH         17,311.0      (178.0)   1,730.0
CONSUMER CAPITAL  CCGN US             5.2        (2.5)      (2.6)
DELEK LOGISTICS   DKL US            443.5       (29.2)      18.7
DELEK LOGISTICS   D6L GR            443.5       (29.2)      18.7
DENNY'S CORP      DE8 GR            333.6      (121.4)     (44.7)
DENNY'S CORP      DENN US           333.6      (121.4)     (44.7)
DEX MEDIA INC     DMDA US         1,419.0    (1,284.0)  (1,999.0)
DINE BRANDS GLOB  DIN US          1,651.0      (216.9)      72.8
DINE BRANDS GLOB  IHP GR          1,651.0      (216.9)      72.8
DOLLARAMA INC     DR3 GR          1,934.3      (252.4)    (151.0)
DOLLARAMA INC     DLMAF US        1,934.3      (252.4)    (151.0)
DOLLARAMA INC     DOL CN          1,934.3      (252.4)    (151.0)
DOLLARAMA INC     DOLEUR EU       1,934.3      (252.4)    (151.0)
DOLLARAMA INC     DR3 GZ          1,934.3      (252.4)    (151.0)
DOLLARAMA INC     DR3 TH          1,934.3      (252.4)    (151.0)
DOLLARAMA INC     DR3 QT          1,934.3      (252.4)    (151.0)
DOMINO'S PIZZA    DPZ US            798.3    (2,770.9)     151.7
DOMINO'S PIZZA    EZV GR            798.3    (2,770.9)     151.7
DOMINO'S PIZZA    EZV TH            798.3    (2,770.9)     151.7
DOMINO'S PIZZA    DPZEUR EU         798.3    (2,770.9)     151.7
DOMINO'S PIZZA    DPZUSD EU         798.3    (2,770.9)     151.7
DOMINO'S PIZZA    EZV QT            798.3    (2,770.9)     151.7
DUN & BRADSTREET  DNB US          1,943.3      (831.8)    (435.3)
DUN & BRADSTREET  DB5 GR          1,943.3      (831.8)    (435.3)
DUN & BRADSTREET  DNB1USD EU      1,943.3      (831.8)    (435.3)
DUN & BRADSTREET  DB5 QT          1,943.3      (831.8)    (435.3)
DUN & BRADSTREET  DNB1EUR EU      1,943.3      (831.8)    (435.3)
DUNKIN' BRANDS G  2DB TH          3,244.1      (860.3)     206.6
DUNKIN' BRANDS G  DNKN US         3,244.1      (860.3)     206.6
DUNKIN' BRANDS G  2DB GR          3,244.1      (860.3)     206.6
DUNKIN' BRANDS G  2DB QT          3,244.1      (860.3)     206.6
DUNKIN' BRANDS G  DNKNEUR EU      3,244.1      (860.3)     206.6
DUNKIN' BRANDS G  2DB GZ          3,244.1      (860.3)     206.6
EGAIN CORP        EGAN US            37.4        (9.8)     (13.8)
EGAIN CORP        EGCA GR            37.4        (9.8)     (13.8)
EGAIN CORP        0IFM LN            37.4        (9.8)     (13.8)
EGAIN CORP        EGANEUR EU         37.4        (9.8)     (13.8)
ENPHASE ENERGY    E0P GR            212.1       (31.2)      44.2
ENPHASE ENERGY    ENPH US           212.1       (31.2)      44.2
ENPHASE ENERGY    ENPHUSD EU        212.1       (31.2)      44.2
ENPHASE ENERGY    0QYE LN           212.1       (31.2)      44.2
ENPHASE ENERGY    E0P QT            212.1       (31.2)      44.2
ENPHASE ENERGY    E0P TH            212.1       (31.2)      44.2
ENPHASE ENERGY    ENPHEUR EU        212.1       (31.2)      44.2
EOS PETRO INC     EOPT US             0.1       (24.1)     (24.1)
ERIN ENERGY CORP  ERN SJ            251.1      (362.8)    (347.0)
EVERI HOLDINGS I  G2C GR          1,474.7      (124.8)      (1.9)
EVERI HOLDINGS I  G2C TH          1,474.7      (124.8)      (1.9)
EVERI HOLDINGS I  EVRI US         1,474.7      (124.8)      (1.9)
EVERI HOLDINGS I  EVRIEUR EU      1,474.7      (124.8)      (1.9)
EXELA TECHNOLOGI  XELAU US        1,714.8       (10.0)     (26.0)
EXELA TECHNOLOGI  XELA US         1,714.8       (10.0)     (26.0)
FERRELLGAS-LP     FGP US          1,687.1      (809.8)    (175.9)
FTS INTERNATIONA  FTSI US           854.5       (85.2)     306.9
FTS INTERNATIONA  FT5 QT            854.5       (85.2)     306.9
FUSION CONNECT I  GVB GR            122.1        (1.3)     (15.4)
FUSION CONNECT I  FSNN US           122.1        (1.3)     (15.4)
GAMCO INVESTO-A   GBL US            128.3       (96.3)       -
GNC HOLDINGS INC  GNC US          1,527.8      (179.2)     251.8
GNC HOLDINGS INC  GNC1USD EU      1,527.8      (179.2)     251.8
GNC HOLDINGS INC  GNC* MM         1,527.8      (179.2)     251.8
GNC HOLDINGS INC  0IT2 LN         1,527.8      (179.2)     251.8
GOGO INC          GOGO US         1,300.1      (191.3)     356.0
GOGO INC          GOGOEUR EU      1,300.1      (191.3)     356.0
GOGO INC          0IYQ LN         1,300.1      (191.3)     356.0
GOGO INC          G0G QT          1,300.1      (191.3)     356.0
GOGO INC          G0G GR          1,300.1      (191.3)     356.0
GREEN PLAINS PAR  GPP US             96.9       (64.7)       4.7
GREEN PLAINS PAR  8GP GR             96.9       (64.7)       4.7
H&R BLOCK INC     HRB US          2,561.3      (698.1)     617.6
H&R BLOCK INC     HRB GR          2,561.3      (698.1)     617.6
H&R BLOCK INC     0HOB LN         2,561.3      (698.1)     617.6
H&R BLOCK INC     HRB QT          2,561.3      (698.1)     617.6
H&R BLOCK INC     HRBEUR EU       2,561.3      (698.1)     617.6
HCA HEALTHCARE I  2BH TH         37,299.0    (4,434.0)   2,913.0
HCA HEALTHCARE I  HCA US         37,299.0    (4,434.0)   2,913.0
HCA HEALTHCARE I  2BH GR         37,299.0    (4,434.0)   2,913.0
HCA HEALTHCARE I  HCAUSD EU      37,299.0    (4,434.0)   2,913.0
HCA HEALTHCARE I  0J1R LN        37,299.0    (4,434.0)   2,913.0
HCA HEALTHCARE I  HCAEUR EU      37,299.0    (4,434.0)   2,913.0
HCA HEALTHCARE I  2BH QT         37,299.0    (4,434.0)   2,913.0
HERBALIFE NUTRIT  HLF US          2,968.7      (219.0)   1,040.2
HERBALIFE NUTRIT  HOO GR          2,968.7      (219.0)   1,040.2
HERBALIFE NUTRIT  HLFUSD EU       2,968.7      (219.0)   1,040.2
HERBALIFE NUTRIT  HOO GZ          2,968.7      (219.0)   1,040.2
HERBALIFE NUTRIT  HLFEUR EU       2,968.7      (219.0)   1,040.2
HERBALIFE NUTRIT  HOO QT          2,968.7      (219.0)   1,040.2
HP COMPANY-BDR    HPQB34 BZ      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ* MM        35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ TE         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ US         35,245.0    (2,742.0)  (2,132.0)
HP INC            7HP TH         35,245.0    (2,742.0)  (2,132.0)
HP INC            7HP GR         35,245.0    (2,742.0)  (2,132.0)
HP INC            0J2E LN        35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQUSD SW      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQEUR EU      35,245.0    (2,742.0)  (2,132.0)
HP INC            7HP GZ         35,245.0    (2,742.0)  (2,132.0)
HP INC            HWP QT         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQCHF EU      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQUSD EU      35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ CI         35,245.0    (2,742.0)  (2,132.0)
HP INC            HPQ SW         35,245.0    (2,742.0)  (2,132.0)
IDEXX LABS        IDXX TE         1,469.5       (49.0)     (27.1)
IDEXX LABS        IDXX AV         1,469.5       (49.0)     (27.1)
IDEXX LABS        IX1 GZ          1,469.5       (49.0)     (27.1)
IDEXX LABS        0J8P LN         1,469.5       (49.0)     (27.1)
IDEXX LABS        IDXX US         1,469.5       (49.0)     (27.1)
IDEXX LABS        IX1 GR          1,469.5       (49.0)     (27.1)
IDEXX LABS        IX1 QT          1,469.5       (49.0)     (27.1)
IDEXX LABS        IX1 TH          1,469.5       (49.0)     (27.1)
IMMUNOGEN INC     IMU TH            265.0       (36.3)     181.2
IMMUNOGEN INC     IMGN US           265.0       (36.3)     181.2
IMMUNOGEN INC     IMU GR            265.0       (36.3)     181.2
IMMUNOGEN INC     IMGNEUR EU        265.0       (36.3)     181.2
IMMUNOGEN INC     IMGNUSD EU        265.0       (36.3)     181.2
IMMUNOGEN INC     IMU GZ            265.0       (36.3)     181.2
IMMUNOGEN INC     IMU QT            265.0       (36.3)     181.2
INNOVIVA INC      HVE GR            276.7      (212.7)     109.2
INNOVIVA INC      INVA US           276.7      (212.7)     109.2
INNOVIVA INC      INVAEUR EU        276.7      (212.7)     109.2
INNOVIVA INC      HVE GZ            276.7      (212.7)     109.2
INTERCEPT PHARMA  I4P QT            393.8       (52.3)     284.4
INTERCEPT PHARMA  ICPT US           393.8       (52.3)     284.4
INTERCEPT PHARMA  I4P GR            393.8       (52.3)     284.4
INTERCEPT PHARMA  ICPTUSD EU        393.8       (52.3)     284.4
INTERCEPT PHARMA  I4P TH            393.8       (52.3)     284.4
IRONWOOD PHARMAC  I76 TH            571.1       (18.1)     213.4
IRONWOOD PHARMAC  IRWD US           571.1       (18.1)     213.4
IRONWOOD PHARMAC  I76 GR            571.1       (18.1)     213.4
IRONWOOD PHARMAC  I76 QT            571.1       (18.1)     213.4
IRONWOOD PHARMAC  IRWDEUR EU        571.1       (18.1)     213.4
ISRAMCO INC       ISRL US           108.8       (23.8)      13.0
ISRAMCO INC       IRM GR            108.8       (23.8)      13.0
ISRAMCO INC       ISRLEUR EU        108.8       (23.8)      13.0
IWEB INC          IWBB US             1.1        (0.3)      (0.3)
JACK IN THE BOX   JACK US         1,157.6      (374.6)     138.0
JACK IN THE BOX   JBX GR          1,157.6      (374.6)     138.0
JACK IN THE BOX   JBX QT          1,157.6      (374.6)     138.0
JACK IN THE BOX   JBX GZ          1,157.6      (374.6)     138.0
JACK IN THE BOX   JACK1EUR EU     1,157.6      (374.6)     138.0
JAMBA INC         JMBA US            40.6       (14.6)     (22.0)
JUST ENERGY GROU  JE CN           1,387.5       (75.7)     (71.4)
JUST ENERGY GROU  1JE GR          1,387.5       (75.7)     (71.4)
JUST ENERGY GROU  JE US           1,387.5       (75.7)     (71.4)
KERYX BIOPHARM    KYX TH            140.1       (31.6)      74.6
KERYX BIOPHARM    KERX US           140.1       (31.6)      74.6
KERYX BIOPHARM    KERXUSD EU        140.1       (31.6)      74.6
KERYX BIOPHARM    KYX QT            140.1       (31.6)      74.6
KERYX BIOPHARM    KERXEUR EU        140.1       (31.6)      74.6
KERYX BIOPHARM    KYX GR            140.1       (31.6)      74.6
L BRANDS INC      LB US           8,149.0      (751.0)   1,262.0
L BRANDS INC      LTD TH          8,149.0      (751.0)   1,262.0
L BRANDS INC      LTD GR          8,149.0      (751.0)   1,262.0
L BRANDS INC      LBUSD EU        8,149.0      (751.0)   1,262.0
L BRANDS INC      0JSC LN         8,149.0      (751.0)   1,262.0
L BRANDS INC      LBEUR EU        8,149.0      (751.0)   1,262.0
L BRANDS INC      LB* MM          8,149.0      (751.0)   1,262.0
L BRANDS INC      LTD QT          8,149.0      (751.0)   1,262.0
LAMB WESTON       0L5 QT          2,753.9      (337.6)     418.9
LAMB WESTON       LW-WUSD EU      2,753.9      (337.6)     418.9
LAMB WESTON       LW US           2,753.9      (337.6)     418.9
LAMB WESTON       0L5 GR          2,753.9      (337.6)     418.9
LAMB WESTON       LW-WEUR EU      2,753.9      (337.6)     418.9
LAMB WESTON       0L5 TH          2,753.9      (337.6)     418.9
LEGACY RESERVES   LGCY US         1,495.6      (201.1)     (30.0)
LEGACY RESERVES   LRT GR          1,495.6      (201.1)     (30.0)
LEGACY RESERVES   LRT GZ          1,495.6      (201.1)     (30.0)
LEGACY RESERVES   LRT QT          1,495.6      (201.1)     (30.0)
LENNOX INTL INC   LII US          2,086.1      (102.6)     634.0
LENNOX INTL INC   LXI GR          2,086.1      (102.6)     634.0
LENNOX INTL INC   LXI TH          2,086.1      (102.6)     634.0
LENNOX INTL INC   LII1EUR EU      2,086.1      (102.6)     634.0
LOCKHEED MARTIN   LOM TH         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT TE         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT AV         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   0R3E LN        46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LOM GR         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT US         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LOM GZ         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT1EUR EU     46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LOM QT         46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT1CHF EU     46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT1USD EU     46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT* MM        46,634.0      (111.0)   3,842.0
LOCKHEED MARTIN   LMT SW         46,634.0      (111.0)   3,842.0
LOCKHEED-BDR      LMTB34 BZ      46,634.0      (111.0)   3,842.0
LOCKHEED-CEDEAR   LMT AR         46,634.0      (111.0)   3,842.0
MCDONALDS - BDR   MCDC34 BZ      33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCD US         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCD SW         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MDO GR         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCD* MM        33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCD TE         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MDO TH         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCD AV         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCDUSD SW      33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCDEUR EU      33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MDO GZ         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MDO QT         33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCDCHF EU      33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCDUSD EU      33,722.9    (4,718.8)   2,087.9
MCDONALDS CORP    MCD CI         33,722.9    (4,718.8)   2,087.9
MCDONALDS-CEDEAR  MCD AR         33,722.9    (4,718.8)   2,087.9
MDC PARTNERS-A    MD7A GR         1,701.1      (135.3)    (195.9)
MDC PARTNERS-A    MDCA US         1,701.1      (135.3)    (195.9)
MDC PARTNERS-A    MDCAEUR EU      1,701.1      (135.3)    (195.9)
MEDLEY MANAGE-A   MDLY US           127.9       (23.3)      29.1
MICHAELS COS INC  MIK US          2,300.2    (1,509.5)     719.0
MICHAELS COS INC  MIM GR          2,300.2    (1,509.5)     719.0
MONEYGRAM INTERN  9M1N GR         4,509.2      (232.7)     (58.3)
MONEYGRAM INTERN  MGI US          4,509.2      (232.7)     (58.3)
MONEYGRAM INTERN  9M1N TH         4,509.2      (232.7)     (58.3)
MONEYGRAM INTERN  MGIEUR EU       4,509.2      (232.7)     (58.3)
MONEYGRAM INTERN  MGIUSD EU       4,509.2      (232.7)     (58.3)
MONEYGRAM INTERN  9M1N QT         4,509.2      (232.7)     (58.3)
MOSAIC A-CLASS A  MOSC US             0.6        (0.0)      (0.0)
MOSAIC ACQUISITI  MOSC/U US           0.6        (0.0)      (0.0)
MOTOROLA SOLUTIO  MOT TE          9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  MSI US          9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  MTLA TH         9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  0K3H LN         9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  MSI1EUR EU      9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  MTLA GZ         9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  MTLA QT         9,051.0    (1,539.0)     525.0
MOTOROLA SOLUTIO  MTLA GR         9,051.0    (1,539.0)     525.0
MSG NETWORKS- A   MSGN US           855.6      (693.3)     212.2
MSG NETWORKS- A   MSGNUSD EU        855.6      (693.3)     212.2
MSG NETWORKS- A   1M4 QT            855.6      (693.3)     212.2
MSG NETWORKS- A   MSGNEUR EU        855.6      (693.3)     212.2
MSG NETWORKS- A   1M4 TH            855.6      (693.3)     212.2
MSG NETWORKS- A   1M4 GR            855.6      (693.3)     212.2
NATERA INC        NTRA US           178.8       (10.4)      39.3
NATERA INC        45E GR            178.8       (10.4)      39.3
NATHANS FAMOUS    NFA GR             92.9       (85.0)      51.8
NATHANS FAMOUS    NATH US            92.9       (85.0)      51.8
NATIONAL CINEMED  NCMI US         1,157.7       (84.4)       -
NATIONAL CINEMED  XWM GR          1,157.7       (84.4)       -
NATIONAL CINEMED  NCMIEUR EU      1,157.7       (84.4)       -
NAVISTAR INTL     NAV US          5,969.0    (4,583.0)     705.0
NAVISTAR INTL     IHR GR          5,969.0    (4,583.0)     705.0
NAVISTAR INTL     IHR TH          5,969.0    (4,583.0)     705.0
NAVISTAR INTL     NAVEUR EU       5,969.0    (4,583.0)     705.0
NAVISTAR INTL     NAVUSD EU       5,969.0    (4,583.0)     705.0
NAVISTAR INTL     IHR QT          5,969.0    (4,583.0)     705.0
NAVISTAR INTL     IHR GZ          5,969.0    (4,583.0)     705.0
NEBULA ACQUISITI  NEBUU US            0.0        (0.0)      (0.0)
NEBULA ACQUISITI  NEBU US             0.0        (0.0)      (0.0)
NEOS THERAPEUTIC  NTE GR             97.4        (4.5)      32.9
NEOS THERAPEUTIC  NEOS US            97.4        (4.5)      32.9
NEW ENG RLTY-LP   NEN US            256.1       (34.6)       -
NYMOX PHARMACEUT  NYMXEUR EU          1.0        (1.3)      (1.3)
NYMOX PHARMACEUT  NYM GZ              1.0        (1.3)      (1.3)
NYMOX PHARMACEUT  NYMX US             1.0        (1.3)      (1.3)
NYMOX PHARMACEUT  NYM GR              1.0        (1.3)      (1.3)
OMEROS CORP       OMER US           116.3        (2.8)      82.1
OMEROS CORP       3O8 GR            116.3        (2.8)      82.1
OMEROS CORP       OMERUSD EU        116.3        (2.8)      82.1
OMEROS CORP       0KBU LN           116.3        (2.8)      82.1
OMEROS CORP       OMEREUR EU        116.3        (2.8)      82.1
OMEROS CORP       3O8 TH            116.3        (2.8)      82.1
OPTIVA INC        OPT CN            188.7       (12.7)      28.2
OPTIVA INC        RKNED US          188.7       (12.7)      28.2
OPTIVA INC        RE6 GR            188.7       (12.7)      28.2
OPTIVA INC        RKNEUR EU         188.7       (12.7)      28.2
OPTIVA INC        3230510Q EU       188.7       (12.7)      28.2
PAPA JOHN'S INTL  PP1 GR            555.6       (99.2)      37.1
PAPA JOHN'S INTL  PZZA US           555.6       (99.2)      37.1
PAPA JOHN'S INTL  PZZAEUR EU        555.6       (99.2)      37.1
PENN NATL GAMING  PENN US         5,165.5       (33.6)    (140.6)
PENN NATL GAMING  PN1 GR          5,165.5       (33.6)    (140.6)
PHILIP MORRIS IN  PM1 EU         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  4I1 GR         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PM US          43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PM1CHF EU      43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PM1 TE         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  4I1 TH         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PMI SW         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PM1EUR EU      43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PMOR AV        43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PM LN          43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  4I1 GZ         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  4I1 QT         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PMI EB         43,070.0   (10,482.0)   2,905.0
PHILIP MORRIS IN  PMI1 IX        43,070.0   (10,482.0)   2,905.0
PINNACLE ENTERTA  65P GR          3,884.8      (301.5)     (30.0)
PINNACLE ENTERTA  PNK US          3,884.8      (301.5)     (30.0)
PLANET FITNESS-A  PLNT1USD EU     1,115.9      (122.4)      77.1
PLANET FITNESS-A  0KJD LN         1,115.9      (122.4)      77.1
PLANET FITNESS-A  3PL QT          1,115.9      (122.4)      77.1
PLANET FITNESS-A  PLNT1EUR EU     1,115.9      (122.4)      77.1
PLANET FITNESS-A  PLNT US         1,115.9      (122.4)      77.1
PLANET FITNESS-A  3PL TH          1,115.9      (122.4)      77.1
PLANET FITNESS-A  3PL GR          1,115.9      (122.4)      77.1
PROS HOLDINGS IN  PRO US            280.5       (55.1)      86.0
PROS HOLDINGS IN  PRO1EUR EU        280.5       (55.1)      86.0
PROS HOLDINGS IN  PH2 GR            280.5       (55.1)      86.0
REATA PHARMACE-A  2R3 GR            136.8      (142.7)      83.4
REATA PHARMACE-A  RETAEUR EU        136.8      (142.7)      83.4
REATA PHARMACE-A  RETA US           136.8      (142.7)      83.4
REMARK HOLD INC   MARK US           103.5       (79.6)     (46.7)
REMARK HOLD INC   3SWN GR           103.5       (79.6)     (46.7)
REMARK HOLD INC   MARKEUR EU        103.5       (79.6)     (46.7)
RESOLUTE ENERGY   REN US            686.3       (81.6)    (129.6)
RESOLUTE ENERGY   R21 GR            686.3       (81.6)    (129.6)
RESOLUTE ENERGY   RENEUR EU         686.3       (81.6)    (129.6)
REVLON INC-A      RVL1 GR         3,042.1      (855.7)     105.3
REVLON INC-A      REVUSD EU       3,042.1      (855.7)     105.3
REVLON INC-A      RVL1 TH         3,042.1      (855.7)     105.3
REVLON INC-A      REVEUR EU       3,042.1      (855.7)     105.3
REVLON INC-A      REV US          3,042.1      (855.7)     105.3
RH                RH US           1,732.9        (7.3)     125.6
RH                0KTF LN         1,732.9        (7.3)     125.6
RH                RHEUR EU        1,732.9        (7.3)     125.6
RH                RS1 GR          1,732.9        (7.3)     125.6
RH                RH* MM          1,732.9        (7.3)     125.6
RIMINI STREET IN  RMNI US           122.2      (210.3)    (116.6)
ROSETTA STONE IN  RS8 TH            178.8        (1.6)     (63.2)
ROSETTA STONE IN  RS8 GR            178.8        (1.6)     (63.2)
ROSETTA STONE IN  RST US            178.8        (1.6)     (63.2)
ROSETTA STONE IN  RST1EUR EU        178.8        (1.6)     (63.2)
ROSETTA STONE IN  RST1USD EU        178.8        (1.6)     (63.2)
RR DONNELLEY & S  DLLN TH         3,680.6      (188.3)     607.2
RR DONNELLEY & S  RRDUSD EU       3,680.6      (188.3)     607.2
RR DONNELLEY & S  DLLN GR         3,680.6      (188.3)     607.2
RR DONNELLEY & S  RRD US          3,680.6      (188.3)     607.2
RR DONNELLEY & S  RRDEUR EU       3,680.6      (188.3)     607.2
RYERSON HOLDING   RYI US          1,711.9        (7.4)     701.2
RYERSON HOLDING   7RY TH          1,711.9        (7.4)     701.2
RYERSON HOLDING   7RY GR          1,711.9        (7.4)     701.2
SALLY BEAUTY HOL  S7V GR          2,100.2      (315.0)     608.3
SALLY BEAUTY HOL  SBH US          2,100.2      (315.0)     608.3
SALLY BEAUTY HOL  SBHEUR EU       2,100.2      (315.0)     608.3
SANCHEZ ENERGY C  SN* MM          2,903.8       (33.4)     212.2
SANCHEZ ENERGY C  SN US           2,903.8       (33.4)     212.2
SANCHEZ ENERGY C  SNUSD EU        2,903.8       (33.4)     212.2
SANCHEZ ENERGY C  13S QT          2,903.8       (33.4)     212.2
SANCHEZ ENERGY C  SNEUR EU        2,903.8       (33.4)     212.2
SANCHEZ ENERGY C  13S GR          2,903.8       (33.4)     212.2
SBA COMM CORP     4SB GR          7,405.1    (2,588.2)      51.9
SBA COMM CORP     SBAC US         7,405.1    (2,588.2)      51.9
SBA COMM CORP     0KYZ LN         7,405.1    (2,588.2)      51.9
SBA COMM CORP     4SB GZ          7,405.1    (2,588.2)      51.9
SBA COMM CORP     SBACEUR EU      7,405.1    (2,588.2)      51.9
SBA COMM CORP     SBJ TH          7,405.1    (2,588.2)      51.9
SCIENTIFIC GAMES  SGMS US         7,737.2    (2,196.1)     554.9
SCIENTIFIC GAMES  TJW GR          7,737.2    (2,196.1)     554.9
SCPHARMACEUTICAL  2SX GR            105.8       (75.7)      29.1
SCPHARMACEUTICAL  SCPH US           105.8       (75.7)      29.1
SCPHARMACEUTICAL  SCPHEUR EU        105.8       (75.7)      29.1
SEALED AIR CORP   SDA GR          5,041.1      (364.8)     242.4
SEALED AIR CORP   SEE US          5,041.1      (364.8)     242.4
SEALED AIR CORP   SEE1EUR EU      5,041.1      (364.8)     242.4
SEALED AIR CORP   SEE1USD EU      5,041.1      (364.8)     242.4
SEALED AIR CORP   0L4F LN         5,041.1      (364.8)     242.4
SEALED AIR CORP   SDA TH          5,041.1      (364.8)     242.4
SEALED AIR CORP   SDA QT          5,041.1      (364.8)     242.4
SEARS HOLDINGS    SHLD US         7,262.0    (3,723.0)  (1,103.0)
SENSEONICS HLDGS  SENS US            77.8       (13.2)      55.3
SIGA TECH INC     SIGA US           133.1      (334.6)      26.9
SIRIUS XM HOLDIN  RDO GR          8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  RDO TH          8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  SIRI TE         8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  SIRI AV         8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  SIRIUSD EU      8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  0L6Z LN         8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  SIRIEUR EU      8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  RDO GZ          8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  RDO QT          8,299.3    (1,564.5)  (2,267.2)
SIRIUS XM HOLDIN  SIRI US         8,299.3    (1,564.5)  (2,267.2)
SIX FLAGS ENTERT  6FE GR          2,444.0      (203.7)    (316.4)
SIX FLAGS ENTERT  SIXEUR EU       2,444.0      (203.7)    (316.4)
SIX FLAGS ENTERT  SIX US          2,444.0      (203.7)    (316.4)
SOLARWINDOW TECH  WNDW US             2.1        (2.0)       1.9
SOLARWINDOW TECH  WNDW LN             2.1        (2.0)       1.9
SONIC CORP        SONC US           561.5      (252.7)      73.4
SONIC CORP        SO4 GR            561.5      (252.7)      73.4
SONIC CORP        SONCEUR EU        561.5      (252.7)      73.4
TALEND SA - ADR   TLNDN MM          172.8        (1.1)       1.0
TALEND SA - ADR   0T7 TH            172.8        (1.1)       1.0
TALEND SA - ADR   0LCZ LN           172.8        (1.1)       1.0
TALEND SA - ADR   TLND US           172.8        (1.1)       1.0
TALEND SA - ADR   0T7 GR            172.8        (1.1)       1.0
TAUBMAN CENTERS   TU8 GR          4,246.0      (162.4)       -
TAUBMAN CENTERS   TCO US          4,246.0      (162.4)       -
TAUBMAN CENTERS   0LDD LN         4,246.0      (162.4)       -
TOWN SPORTS INTE  CLUB US           251.8       (73.5)       5.9
TOWN SPORTS INTE  T3D GR            251.8       (73.5)       5.9
TRANSDIGM GROUP   TDG US         10,394.7    (2,309.3)   1,657.3
TRANSDIGM GROUP   T7D GR         10,394.7    (2,309.3)   1,657.3
TRANSDIGM GROUP   T7D TH         10,394.7    (2,309.3)   1,657.3
TRANSDIGM GROUP   0REK LN        10,394.7    (2,309.3)   1,657.3
TRANSDIGM GROUP   TDGEUR EU      10,394.7    (2,309.3)   1,657.3
TRANSDIGM GROUP   T7D QT         10,394.7    (2,309.3)   1,657.3
TUPPERWARE BRAND  TUP GR          1,444.8      (108.4)     (28.0)
TUPPERWARE BRAND  TUP US          1,444.8      (108.4)     (28.0)
TUPPERWARE BRAND  TUP1EUR EU      1,444.8      (108.4)     (28.0)
TUPPERWARE BRAND  TUP TH          1,444.8      (108.4)     (28.0)
TUPPERWARE BRAND  TUP1USD EU      1,444.8      (108.4)     (28.0)
TUPPERWARE BRAND  TUP GZ          1,444.8      (108.4)     (28.0)
TUPPERWARE BRAND  TUP QT          1,444.8      (108.4)     (28.0)
TURTLE BEACH COR  HEAR US            52.3       (20.4)      24.4
TURTLE BEACH COR  PAMTEUR EU         52.3       (20.4)      24.4
TURTLE BEACH COR  0P1A GR            52.3       (20.4)      24.4
UNISYS CORP       USY1 TH         2,513.7    (1,270.8)     438.5
UNISYS CORP       USY1 GR         2,513.7    (1,270.8)     438.5
UNISYS CORP       UIS US          2,513.7    (1,270.8)     438.5
UNISYS CORP       UIS1 SW         2,513.7    (1,270.8)     438.5
UNISYS CORP       UISEUR EU       2,513.7    (1,270.8)     438.5
UNISYS CORP       UISCHF EU       2,513.7    (1,270.8)     438.5
UNISYS CORP       UIS EU          2,513.7    (1,270.8)     438.5
UNISYS CORP       USY1 GZ         2,513.7    (1,270.8)     438.5
UNISYS CORP       USY1 QT         2,513.7    (1,270.8)     438.5
UNITI GROUP INC   CSALUSD EU      4,363.5    (1,187.3)       -
UNITI GROUP INC   0LJB LN         4,363.5    (1,187.3)       -
UNITI GROUP INC   8XC GR          4,363.5    (1,187.3)       -
UNITI GROUP INC   UNIT US         4,363.5    (1,187.3)       -
VALVOLINE INC     VVVEUR EU       1,869.0      (226.0)     380.0
VALVOLINE INC     0V4 GR          1,869.0      (226.0)     380.0
VALVOLINE INC     0V4 QT          1,869.0      (226.0)     380.0
VALVOLINE INC     VVV US          1,869.0      (226.0)     380.0
VECTOR GROUP LTD  VGR US          1,299.1      (394.2)     167.3
VECTOR GROUP LTD  VGR GR          1,299.1      (394.2)     167.3
VECTOR GROUP LTD  VGREUR EU       1,299.1      (394.2)     167.3
VECTOR GROUP LTD  VGR QT          1,299.1      (394.2)     167.3
VERISIGN INC      VRSN US         2,905.3    (1,234.7)     859.6
VERISIGN INC      VRS GR          2,905.3    (1,234.7)     859.6
VERISIGN INC      VRS TH          2,905.3    (1,234.7)     859.6
VERISIGN INC      VRSN* MM        2,905.3    (1,234.7)     859.6
VERISIGN INC      VRSNEUR EU      2,905.3    (1,234.7)     859.6
VERISIGN INC      VRS GZ          2,905.3    (1,234.7)     859.6
VERISIGN INC      VRS QT          2,905.3    (1,234.7)     859.6
W&T OFFSHORE INC  UWV GR            942.2      (544.6)     107.2
W&T OFFSHORE INC  WTI US            942.2      (544.6)     107.2
W&T OFFSHORE INC  WTI1EUR EU        942.2      (544.6)     107.2
WAYFAIR INC- A    W US            1,226.4      (127.2)      (2.8)
WAYFAIR INC- A    WUSD EU         1,226.4      (127.2)      (2.8)
WAYFAIR INC- A    1WF QT          1,226.4      (127.2)      (2.8)
WAYFAIR INC- A    1WF GR          1,226.4      (127.2)      (2.8)
WAYFAIR INC- A    1WF TH          1,226.4      (127.2)      (2.8)
WAYFAIR INC- A    WEUR EU         1,226.4      (127.2)      (2.8)
WEIGHT WATCHERS   WW6 GR          1,307.1      (995.9)     (99.4)
WEIGHT WATCHERS   WTW US          1,307.1      (995.9)     (99.4)
WEIGHT WATCHERS   WTWUSD EU       1,307.1      (995.9)     (99.4)
WEIGHT WATCHERS   WW6 GZ          1,307.1      (995.9)     (99.4)
WEIGHT WATCHERS   WTWEUR EU       1,307.1      (995.9)     (99.4)
WEIGHT WATCHERS   WW6 QT          1,307.1      (995.9)     (99.4)
WEIGHT WATCHERS   WW6 TH          1,307.1      (995.9)     (99.4)
WESTERN UNION     W3U TH          9,188.0      (375.8)  (1,032.2)
WESTERN UNION     WU* MM          9,188.0      (375.8)  (1,032.2)
WESTERN UNION     W3U GR          9,188.0      (375.8)  (1,032.2)
WESTERN UNION     WU US           9,188.0      (375.8)  (1,032.2)
WESTERN UNION     0LVJ LN         9,188.0      (375.8)  (1,032.2)
WESTERN UNION     WUEUR EU        9,188.0      (375.8)  (1,032.2)
WESTERN UNION     W3U GZ          9,188.0      (375.8)  (1,032.2)
WESTERN UNION     W3U QT          9,188.0      (375.8)  (1,032.2)
WIDEOPENWEST INC  WOW US          2,441.6      (204.4)     (26.2)
WIDEOPENWEST INC  WU5 GR          2,441.6      (204.4)     (26.2)
WIDEOPENWEST INC  WU5 QT          2,441.6      (204.4)     (26.2)
WIDEOPENWEST INC  WOW1EUR EU      2,441.6      (204.4)     (26.2)
WINGSTOP INC      WING1EUR EU       120.7      (146.5)      (5.4)
WINGSTOP INC      WING US           120.7      (146.5)      (5.4)
WINGSTOP INC      EWG GR            120.7      (146.5)      (5.4)
WINMARK CORP      WINA US            47.7       (28.6)       7.8
WINMARK CORP      GBZ GR             47.7       (28.6)       7.8
WORKIVA INC       WKEUR EU          178.6        (9.2)     (13.3)
WORKIVA INC       WK US             178.6        (9.2)     (13.3)
WORKIVA INC       0WKA GR           178.6        (9.2)     (13.3)
YELLOW PAGES LTD  Y CN              529.9      (218.8)      35.1
YELLOW PAGES LTD  YLWDF US          529.9      (218.8)      35.1
YRC WORLDWIDE IN  YRCW US         1,608.7      (365.9)     160.4
YRC WORLDWIDE IN  YEL1 GR         1,608.7      (365.9)     160.4
YRC WORLDWIDE IN  YRCWUSD EU      1,608.7      (365.9)     160.4
YRC WORLDWIDE IN  YEL1 QT         1,608.7      (365.9)     160.4
YRC WORLDWIDE IN  YRCWEUR EU      1,608.7      (365.9)     160.4
YRC WORLDWIDE IN  YEL1 TH         1,608.7      (365.9)     160.4
YUM! BRANDS INC   TGR TH          4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   TGR GR          4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   0QYD LN         4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   YUM US          4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   YUMUSD SW       4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   TGR GZ          4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   YUMEUR EU       4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   TGR QT          4,836.0    (6,754.0)     780.0
YUM! BRANDS INC   YUM SW          4,836.0    (6,754.0)     780.0
ZYMEWORKS INC     ZYME US           132.0      (108.7)      77.7
ZYMEWORKS INC     ZYME CN           132.0      (108.7)      77.7


                            *********

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.
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public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
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Don't be fooled.  Assets, for example, reported at historical cost
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equity securities trade in public market are determined by more
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On Thursdays, the TCR delivers a list of recently filed
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Each Friday's edition of the TCR includes a review about a book of
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available at your local bookstore or through Amazon.com.  Go to
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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
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                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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                   *** End of Transmission ***