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         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 29, 2018, Vol. 22, No. 148

                            Headlines

1943 EASTERN PARKWAY: Taps Bronson Law Offices as Legal Counsel
417 RENTALS: Taps Christopher Bryant as Real Estate Appraiser
9800 WEDDINGS: June 13 Plan Confirmation Hearing
ABACUS INVESTMENT: Plan Filing Deadline Extended Until Aug. 9
ABC FAMILY DENTAL: Taps DDS to Provide Valuation Services

ALAMO TOWERS: Exclusivity Deadlines Extended to July 31
ALGODON WINES: Wow Group Owns 7.3% Stake as of Dec. 31
ALLROM CONSULTING: Taps Meridian Law as Legal Counsel
AMY ELECTRIC: Discloses Pre-Bankruptcy Payments to Nobile
APOLLO SOLAR: July 17 Plan Confirmation Hearing

ARECONT VISION: U.S. Trustee Unable to Appoint Committee
ARECONT VISION: Wants to Obtain $4-Mil Loan, Use Cash Collateral
AVIATION ENGINEERING: Has Until June 14 to Exclusively File Plan
B.L. GUSTAFSON: Unsecureds to Get 100% in 4 Annual Payments
B52 MEDIA: Seeks to Hire Name Experts as Broker

BAHA LOUNGE: Taps Atty. Richard Feinsilver as Bankruptcy Counsel
BAY TERRACE: Taps Shafferman & Feldman as Legal Counsel
BENZEEN INC: Taps Atty. Michael Sment as Appellate Counsel
BI-LO LLC: Moody's Rates New $550MM ABL Revolver Loan 'B1'
BIG BEAR: Wants Court Approval to Use Strategic's Cash Collateral

BIOSTAGE INC: Stockholders Elected 2 Directors
BLUE OCEAN: Chapter 15 Case Summary
BRAVO BRIO: Stock Delisted from Nasdaq
BUCKINGHAM SENIOR: Fitch Cuts Bonds Rating to B, On Watch Negative
C.R. OF ATTALLA: Taps Boyer Law Firm as Legal Counsel

CADIZ INC: Raises $15 Million from 'At the Market' Offering
CAMBER ENERGY: Gets Eight Tranche of $1M Investor Funding
CANTRELL DRUG: Taps Dodd Law Firm as Special Counsel
CARL WEBER: Bid For Counsel, Adversary Proceeding Delay Plan Filing
CASHMAN EQUIPMENT: Bid for Exclusivity Extension Withdrawn

CJ MICHEL: Amends Plan to Address Pending Objection of U.S. Trustee
CLINTON MAHONEY: Martinez Buying LaGrange Property for $320K
COCHRAN BROTHERS: Files Amendment to Proposed Plan Outline
COEUR MINING: Moody's Alters Outlook to Pos. & Affirms B1 CFR
COLLEGE PARK: Sale of Maryland Property to Fund Plan

COMMUNITY HEALTH: Extends Early Tender Deadline of Exchange Offer
CONCORDIA INTERNATIONAL: Files Materials About Special Meeting
CRYSTAL ENTERPRISES: 49% Recovery for Unsecureds Under New Plan
DPW HOLDINGS: Coolisys Completes Acquisition of Enertec
EARL GAUDIO: July 11 Plan Confirmation Hearing Set

EDDIE BAUER: Said to Explore Merger with Pacific Sunwear
EDKEY INC: S&P Cuts 3 Bond Tranches Rating to BB- on Weak Liquidity
EP ENERGY: Extends Maturity of RBL Credit Facility to 2021
ERIC H. CARLSON: Creditors Seek Appointment of Ch. 11 Trustee
EYEPOINT PHARMACEUTICALS: Leases Add'l 6,590 Square Feet in Mass.

FARGO TRUCKING: Has Until July 5 to File Plan of Reorganization
FORTRESS INVESTMENT: Fitch Cuts LT IDR to BB, Outlook Stable
FREEPORT-MCMORAN INC: Fitch Affirms BB+ IDR, Outlook Negative
GEM HOSPITALITY: Taps Keen-Summit as Real Estate Advisor
GHURKA HOLDINGS: Gordon Brothers to Hold Auction on June 13

GLOBAL BRASS: Moody's Hikes CFR to Ba3, Outlook Stable
GMB LIGHTING: Court Okays Interim Approval to Use Cash Collateral
GREAT FOOD: Plan Filing Deadline Extended Until Dec. 31
GREENLIGHT ORGANIC: Seeks Nov. 17 Exclusive Plan Filing Extension
GULF MEDICAL: Exclusivity Period Extended for Additional 90 Days

HANGING HOOK: To Pay Unsecureds $357 in 10 Semi-Annual Installments
HANS FUTTERMAN: DOJ Watchdog to Appoint Chapter 11 Trustee
HUSA INC: Seeks August 3 Plan Confirmation Period Extension
ICONIX BRAND: Sports Direct Has 8.6% Stake as of May 23
ICONIX BRAND: Will Hold Its Annual Meeting on Aug. 2

IMAGE GRAPHICS: Judge Denied 2nd Request for Exclusivity Extension
INDIANA HOTEL: Taps Atty. Robert Bassel as Bankruptcy Counsel
INDIANA HOTEL: Taps O'Reilly Rancilio as Special Counsel
INFINITE HOLDINGS: To Sell Property to Pay Telegraph GOA
INTEGRATED WEALTH: June 26 Plan Confirmation Hearing

INTEMA SOLUTIONS: Remedies Default to File Financial Statement
JONES ENERGY: Stockholders Elected Two Directors at Annual Meeting
KADMON HOLDINGS: Principal Accounting Officer Quits
KB HOME: Moody's Alters Outlook to Pos. & Affirms B1 CFR
LAST FRONTIER: Taps David H. Bundy as Legal Counsel

LH ANESTHESIA: Case Summary & 4 Unsecured Creditors
LIFESTAT AMBULANCE: June 28 Plan Confirmation Hearing Set
LOU FASCIO: Taps J.A. Solari & Partners as Accountant
LRJ GLOBAL: Banco Desarollo to Get $2,493 Over 20 Years
MACK INDUSTRIES: Ch. 7 Trustee Seeks Court's OK to Sell Assets

MCWOLLE DEVELOPMENT: U.S. Trustee Unable to Appoint Committee
MIDWEST PORTABLE: Inks Purchase Agreement with Renew Hydraulics
MISSING LYNX: Taps Devesh Pathak as Accountant
MOREHEAD MEMORIAL: Seeks 30-Day Solicitation Period Extension
NATIONAL MANAGEMENT: Taps Ravin Greenberg as Legal Counsel

NEIMAN MARCUS: Parent Adds Two New Members to Board
NEOVASC INC: Symposium Generates Increased Interest in Reducer
NORTHERN MARIANA CPA: Fitch Affirms B+ on 1998A Airport Rev. Bonds
NORTHERN MARIANA CPA: Fitch Hikes Rating 1998A/2005A Bonds to BB
OLIVABEL LLC: Taps Bruner Wright as Legal Counsel

OMEROS CORP: Settles Infringement Suit with ANDA Filer Lupin
PACIFIC SUNWEAR: Said to Explore Merger with Eddie Bauer
PARKINSON SEED: Taps Robinson & Associates as Legal Counsel
PARKWAY RADIOLOGY: Awaits Potential Buyers' Decision on Sale
PATRIOT NATIONAL: Wants to Maintain Exclusivity Until Aug. 28

PENN AIR: To Sell Equipment by July 12
PENN ENGINEERING: Moody's Affirms B1 CFR & Bank Debt Ratings
PIEDMONT SALES: Taps Angela Matthews as Accountant
PODS LLC: S&P Affirms 'B+' Corporate Credit Rating, Outlook Stable
RADICAND INC: Court Denies Approval of Disclosure Statement

RAMON LOPEZ: DOJ Watchdog to Appoint Chapter 11 Trustee
RANDOLPH AND RANDOLPH: Delays Plan Until Finalization of Financing
RED TAPE: Given Until July 20 to File Plan of Reorganization
RK & GROUP: Seeks to Hire Kathy Abraham as Accountant
RMS TITANIC: Equity Committee Taps Agentis as Special Counsel

ROCKIES EXPRESS: Moody's Hikes CFR & Unsec. Notes Rating to Ba1
S DIAMOND STEEL: June 19 Disclosure Statement Hearing
SCOTTISH HOLDINGS: Taps Ernst & Young as Auditor
SHAFFER & ASSOCIATES: Judge Denies Exclusivity Period Extension
SPANISH BROADCASTING: Reports Preliminary Results for Q1 2018

SPANISH BROADCASTING: Swings to $19.6 Million Net Income in 2017
TALLGRASS ENERGY: Moody's Affirms Ba2 CFR & Ba3 Sr. Notes Rating
TEMPUS AIRCRAFT: Taps Collateral Verifications as Expert Witness
TERNE' PROPERTIES: June 14 Plan and Disclosure Statement Hearing
TOYS R US: MGA CEO Larian Drops Bid to Buy Stores

UFC HOLDINGS: S&P Alters Outlook to Stable & Affirms 'B' CCR
UNITED CHARTER: To Pay EWB Monthly Principal Payments Plus Interest
UPLIFT RX: Seeks to Hire Cimo Mazer as Special Counsel
VASARI LLC: June 15 Plan Confirmation, Valuation Hearing
VER TECHNOLOGIES: Taps Zolfo Cooper as Financial Advisor

VERNON PARK: Has Until Sept. 14 To Exclusively File Plan
VIDEOLOGY INC: Taps Cole Schotz as Legal Counsel
VIDEOLOGY INC: Taps Omni Management as Administrative Agent
WESTMORELAND COAL: Secures $110 Million in New Financing
WILLIAM ABRAHAM: Hearing Held on American Furniture Bldg Lease

WINDSOR MARKETING: 8th Interim Cash Collateral Order Entered
WINEBOW GROUP: S&P Cuts CCR to CCC+ on Operation Underperformance
[^] Large Companies with Insolvent Balance Sheet

                            *********

1943 EASTERN PARKWAY: Taps Bronson Law Offices as Legal Counsel
---------------------------------------------------------------
1943 Eastern Parkway LLC seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire Bronson Law
Offices, P.C., as its legal counsel.

The firm will prepare or review the Debtor's operating reports;
review claims and help resolve those which should be disallowed;
address mortgage issues; assist in the preparation of a bankruptcy
plan; and provide other legal services related to its Chapter 11
case.

H. Bruce Bronson, Esq., owner of Bronson Law Offices and the
attorney who will be handling the case, will charge an hourly fee
of $400.  Paralegals and legal assistants will charge $120 per
hour.

The firm received a payment of $5,000 from GJ224 VanSiclen LLC, an
affiliate of the Debtor.  

Mr. Bronson 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:

     H. Bruce Bronson, Esq.
     Bronson Law Offices, P.C.
     480 Mamaroneck Avenue
     Harrison, NY 10528
     Phone: 914-269-2530

                  About 1943 Eastern Parkway

1943 Eastern Parkway, LLC, is a single asset real estate company
that owns land and a building at 1943 Eastern Parkway, Brooklyn,
New York.

1943 Eastern Parkway sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-42043) on April 12,
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 Carla E. Craig presides over the case.


417 RENTALS: Taps Christopher Bryant as Real Estate Appraiser
-------------------------------------------------------------
417 Rentals, LLC, seeks approval from the U.S. Bankruptcy Court for
the Western District of Missouri to hire a real estate appraiser.

The Debtor proposes to employ Christopher Bryant to conduct an
appraisal of its real properties and testify at court hearings in
connection with the valuation of the properties.

The Debtor will pay the appraiser $250 for each report prepared for
each property inspected.  He will also be paid an hourly fee of
$100 for testifying in court or in depositions.

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

Mr. Bryant maintains an office at:

     Christopher Bryant
     3608 S. Elm View Avenue
     Springfield, MO 65804
     Phone: 417-224-0835
     Email: cbryantappraiser@gmail.com

                         About 417 Rentals

Based in Brookline, Missouri, 417 Rentals, LLC, is a privately held
company in the real estate rental service industry.  417 Rentals
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D. Mo. Case No. 17-60935) on Aug. 25, 2017.  Christopher Gatley,
its member, signed the petition.  At the time of the filing, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Ronald S. Weiss, Esq., at Berman, DeLeve, Kuchan &
Chapman, LLC, serves as the Debtor's bankruptcy counsel.  Joseph
Christopher Greene, Esq., is the Debtor's litigation counsel.


9800 WEDDINGS: June 13 Plan Confirmation Hearing
------------------------------------------------
Judge Brenda Moody Whinery of the U.S. Bankruptcy Court for the
District of Arizona considered the second amended disclosure
statement explaining 9800 Weddings, LLC's plan of reorganization
and has determined that the Disclosure Statement contains adequate
information to allow creditors to make informed decisions regarding
the Plan.

The Court will consider whether to confirm the Plan at a hearing on
June 13, 2018, at 10:00 a.m.  Any party desiring to object to
confirmation of the Plan must file a written objection by June 6,
2018.

As previously reported by The Troubled Company Reporter, under the
second amended plan, Class 5 unsecured claimants will now be paid
an equal to 5% of the allowed amount of their claims at 3% interest
on the unpaid balance in 60 equal monthly installments with the
first payment due 60 days from the Effective Date. Any liens held
by the Class 5 creditors shall be null and void and removed as of
the Effective Date.  The previous version of the plan provided that
unsecured creditors will get nothing under the plan.

A full-text copy of the Second Amended Disclosure Statement is
available at:

     http://bankrupt.com/misc/azb4-17-01376-125.pdf

A full-text copy of the Second Amended Plan is available at:

     http://bankrupt.com/misc/azb4-17-01376-126.pdf

                     About 9800 Weddings

9800 Weddings, LLC, filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 17-01376) on Feb. 15, 2017.  In the petition signed by Joe
E. May, manager, the Debtor disclosed $800,000 in total assets and
$1.26 million in total liabilities.  The case is assigned to Judge
Brenda Moody Whinery.  Eric Slocum Sparks, Esq., at Eric Slocum
Sparks, P.C., serves as counsel to the Debtor.


ABACUS INVESTMENT: Plan Filing Deadline Extended Until Aug. 9
-------------------------------------------------------------
The Hon. Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida, at the behest of Abacus Investment
Group, Inc., has extended the Debtor's exclusive period to file a
plan and disclosure statement of reorganization through August 9,
2018, and to solicit acceptances with respect thereto through
October 5, 2018.

The Troubled Company Reporter has previously reported that the
Debtor sought for an extension of the exclusivity periods, telling
the Court that it intends to submit a Plan which satisfies all of
the requirements of section 1129 of the Bankruptcy Code and which
will be based upon a sale of the real property and payment in full
of all valid unsecured claims.

On or about July 7, 2017, the Debtor acquired a certain parcel of
real property located at 5212 62nd Ave., South St. Petersburg, FL
33715.  On July 9, 2017, the Debtor filed a "Suggestion of Pendency
of Bankruptcy Proceedings" and electronically served the
Defendants.

On July 10, 2017, the Debtor filed its First Bankruptcy Petition
case under Chapter 11 of the U.S. Code, and subsequent to the
filing of the First Bankruptcy Petition, Creditor U.S. Bank
National Association, as Trustee foreclosed on the Real Property.

Consequently, the Debtor filed an Adversary Complaint to set aside
and hold for naught the foreclosure sale and to revest title in the
property to Debtor, subject to the disputed mortgage lien claimed
by Defendant U.S. Bank. On the other hand, U.S. Bank filed a Motion
to Reopen Bankruptcy Case and Motion for Stay Annulment Nunc Pro
Tunc to the Petition Date in the case styled In re Abacus
Investment Group, Inc., Case No. 8:17-bk-05422- CPM (the "First
Bankruptcy Case") and, in the alternative, if the Court did not
validate the previous foreclosure sale, Creditor sought relief from
the automatic stay to move to vacate the foreclosure sale in the
state court action and reset the foreclosure sale.

On April 5, 2018, the Court ruled that (i) the July 10, 2017
foreclosure sale was void and that title to the real property was
revested in Debtor, and (ii) that Motion for Relief from Stay re:
the Real Property at 5212 62nd Ave. S., St. Petersburg, FL was
granted.

Pursuant to Florida Statutes, the Debtor filed a Motion in state
court to challenge the jurisdiction on whether or not U.S. Bank
takes any action in state court with respect to the prior improper
sale or to re-set a new foreclosure sale.

                  About Abacus Investment Group

Abacus Investment Group, Inc.'s principal assets are located at
Hillsborough & Pinellas County, Tampa, Florida.  Herb Miller owns
100% of the company's common stock.  The company was founded in
2010.

Abacus Investment Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-10224) on Dec. 9,
2017.  In the petition signed by CFO Donna Steenkamp, the Debtor
disclosed $1.74 million in assets and $3.89 million in liabilities.
Judge Catherine Peek McEwen presides over the case.  Peter Berkman
Attorney, PLLC, is presently serving as the Debtor's legal counsel,
after replacing Palm Harbor Law Group, P.A.


ABC FAMILY DENTAL: Taps DDS to Provide Valuation Services
---------------------------------------------------------
ABC Neighborhood Dental & Orthodontics, P.C., seeks approval from
the U.S. Bankruptcy Court for the District of Colorado to hire
Diversified Dental Strategies.

The firm will provide professional valuation services to help the
Debtor determine the fair market value of the property securing the
claim of Wells Fargo Practice Finance, N.A.

Robert Deloian, dentist and owner of Diversified Dental who will be
providing the services, will charge the Debtor a flat fee of $1,500
for his initial evaluation.  In the event that he is required to
provide testimony at future hearings, Mr. Deloian will bill at an
hourly rate.

Mr. Deloian disclosed in a court filing that he and his firm are
"disinterested persons" as defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Robert Deloian, D.D.S.
     Diversified Dental Strategies
     Phone: 303-814-9541
     Fax: 303-814-9577

                   About ABC Neighborhood Dental
                        & Orthodontics P.C.

ABC Neighborhood Dental & Orthodontics, P.C., is a dental clinic
located at 1250 S Buckley Road, Aurora, Colorado.  The company's
gross revenue amounted to $938,213 in 2016 and $882,106 in 2015.
ABC Family Dental is 100% owned by Michael Shifman.

ABC Neighborhood sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 17-21637) on Dec. 26,
2017.  Michael Shifman, its owner, signed the petition.  At the
time of the filing, the Debtor disclosed $92,521 in assets and
$1.21 million in liabilities.  Judge Kimberley H. Tyson presides
over the case.  

The Debtor hired Kutner Brinen, P.C., as its bankruptcy counsel,
and Hristopoulos & Company, P.C., as its accountant.


ALAMO TOWERS: Exclusivity Deadlines Extended to July 31
-------------------------------------------------------
The Hon. Craig A. Gargotta of the U.S. Bankruptcy Court for the
Western District of Texas, at the behest of Alamo Towers - Cotter,
LLC, has extended exclusivity deadlines to allow the Debtor the
exclusive right to file a plan up to and including July 31, 2018,
and to obtain acceptances for the plan through September 30, 2018.

The Troubled Company Reporter has previously reported that the
Debtor sought extension of exclusivity deadlines for the purpose of
finalizing the Sale of Alamo Towers. Specifically, the Debtor is
seeking the extensions for the purpose of finalizing a purchase and
sale agreement with the winning bidder, seeking Court approval of
such sale, getting the sale through the feasibility and due
diligence phase of the contract, and closing the sale.

The Alamo Towers is a significant asset, and creditors cannot be
paid until it is sold. The only means available for the Debtor to
pay the creditors in this case is by utilizing the proceeds from
the sale of the Alamo Towers properties -- through a liquidating
plan.  The Court previously approved the employment of Cushman &
Wakefield U.S., Inc., as real estate broker to represent the Debtor
in connection with the sale of the Alamo Towers properties.

The Debtor projected that at a closing of the sale of the
properties, creditors holding secured claims against the property
would be paid in full at closing, and the tenant security deposit
claimants (who comprise 56% of the total number of creditors in the
case) would have their claims resolved at closing through the
funding of a security deposit account to be transferred to the
buyer.

The Debtor told the Court that it is making progress towards
achieving its goal of selling the properties, paying off its debts,
and preserving as much equity as possible for the heirs of the
Cotter Estate. C&W marketed the properties utilizing methods
designed to obtain the highest and best offer for the properties,
and has secured bids from three buyers offering a price Debtor's
representatives believe will be sufficient to pay off all of the
creditors likely to hold allowed claims in this case. The Debtor's
representatives have been conducting buyer interviews and
anticipated selecting the proposed winning bidder soon.

A purchase money mortgage secured by the properties is currently
held by the lender MF-CFC 2007-7 NE Loop 410, LLC c/o LNR Partners,
LLC. The Debtor represents that this case was filed in good faith
to prevent the foreclosure of LNR Partners's security interest and
the loss of significant equity in the Alamo Towers properties.

Moreover, the Debtor has been working with LNR Partners on the use
of cash collateral to continue operating the building until the
closing of a sale occurs. Further, the Debtor has commenced making
monthly interest payments on its loan with and will continue to do
so until the properties are sold.

The Debtor indicated that the ad valorem property taxes assessed
against the properties are current and are escrowed as part of a
Stipulation with the Lender concerning use of cash collateral.

The largest group of creditors in the case is comprised of the
Debtor's tenants which have claims for their security deposits. The
Debtor has been looking forward to fund a tenant security deposit
account at closing out of the proceeds from the sale of the
properties, which would serve two purposes: (a) to enable the buyer
to acquire the property with the security deposits intact; and (b)
to facilitate payment of the tenants' security deposit claims
without having to unnecessarily involve the tenants in a plan
confirmation process.

                   About Alamo Towers - Cotter

Alamo Towers - Cotter, LLC, owns an eight-story low-rise building
in San Antonio, Texas.  Located in the heart of the north central
office market, Alamo Towers is centrally accessible to all key
activities in the city.  The 198,452 sq. ft. facility features easy
access to San Antonio's major highways, panoramic views and ample
parking space.  

Alamo Towers - Cotter filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 17-52599) on Nov. 6, 2017.  In the petition signed by
Marcus P. Rogers, as Ind. Adm. Of the Est. of James F. Cotter,
Dec'd, the Debtor estimated assets and liabilities at $10 million
to $50 million each.

The case is assigned to Judge Craig A. Gargotta.

The Debtor is represented by Anthony H. Hervol, Esq., of the Law
Office of Anthony H. Hervol.  

No trustee or examiner has been appointed in the Debtor's Chapter
11 case.


ALGODON WINES: Wow Group Owns 7.3% Stake as of Dec. 31
------------------------------------------------------
The Wow Group, LLC filed a Schedule 13G/A with the Securities and
Exchange Commission to correct the number of shares of common stock
of Algodon Wines & Luxury Development Group, Inc. held by it.  As
of Dec. 31, 2017, Wow Group beneficially owns 3,823,547 shares of
common stock of the Company, which constitutes 7.3 percent of the
shares outstanding.

The amendment to Schedule 13G, dated May 23, 2018, was filed by the
Reporting Person to amend the Schedule 13G originally filed on Feb.
13, 2018, wherein it reported beneficial ownership of  4,660,656
Common Shares as of Dec. 31, 2017.  This amendment relates to the
common stock, $0.01 par value, of Algodon Wines & Luxury
Development Group, Inc. and was being filed to correct the number
of shares of common stock held by The Wow Group, LLC.

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

                      https://is.gd/ErN9M9

                      About Algodon Wines

Through its wholly-owned subsidiaries, Algodon Wines & Luxury
Development Group, Inc. -- http://www.algodongroup.com/-- invests
in, develops and operates real estate projects in Argentina.  Based
in New York, AWLD operates a hotel, golf and tennis resort,
vineyard and producing winery in addition to developing residential
lots located near the resort.  The activities in Argentina are
conducted through its operating entities: InvestProperty Group,
LLC, Algodon Global Properties, LLC, The Algodon - Recoleta S.R.L,
Algodon Properties II S.R.L., and Algodon Wine Estates S.R.L. AWLD
distributes its wines in Europe through its United Kingdom entity,
Algodon Europe, LTD.

Algodon Wines reported a net loss attributable to common
stockholders of $8.25 million for the year ended Dec. 31, 2017,
compared to a net loss attributable to common stockholders of
$10.04 million for the year ended Dec. 31, 2016.  As of March 31,
2018, Algodon Wines had $7.78 million in total assets, $5.22
million in total liabilities, $9.02 million in series B convertible
redeemable preferred stock, and a total stockholders' deficiency of
$6.46 million.

Marcum LLP, in New York, the Company's auditor since 2013, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2017, citing that the
Company has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


ALLROM CONSULTING: Taps Meridian Law as Legal Counsel
-----------------------------------------------------
Allrom Consulting LTD seeks approval from the U.S. Bankruptcy Court
for the District of Maryland to hire Meridian Law, LLC, as its
legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.  It will charge an hourly fee of $325 for its
services.

Aryeh Stein, Esq., principal of Meridian Law, disclosed in a court
filing that the firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Meridian Law can be reached through:

     Aryeh E. Stein, Esq.
     Meridian Law, LLC
     600 Reisterstown Road, Suite 700        
     Baltimore, MD 21208
     Phone: (443) 326-6011        
     Email: astein@meridianlawfirm.com

                   About Allrom Consulting LTD

Allrom Consulting LTD listed its business as a single asset real
estate (as defined in 11 U.S.C. Section 101(51B)).

Allrom Consulting sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 18-14429) on April 4, 2018.
The Debtor first filed Chapter 11 petition (Bankr. D. Md. Case No.
17-12052) on Feb. 15, 2017.  In the petition signed by Simon Tusha,
director, the Debtor estimated assets of less than $1 million and
liabilities of $1 million to $10 million.  Judge Nancy V. Alquist
presides over the case.


AMY ELECTRIC: Discloses Pre-Bankruptcy Payments to Nobile
---------------------------------------------------------
Amy Electric, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of Ohio a supplemental application to employ
Nobile & Thompson Co., L.P.A. in which it disclosed the payments it
made to the firm prior to its Chapter 11 filing.

In its supplemental application, Amy Electric disclosed that within
one year prior to the petition date, Nobile & Thompson, the
company's proposed legal counsel, received $13,467, of which
$11,750 was provided as a security retainer while $1,717 was used
to pay the filing fee.

Of the $11,750 retainer, $6,508 was disbursed to Nobile & Thompson
for pre-bankruptcy work done in preparation of the filing of the
case, leaving a balance of $5,242, which is currently being held in
the firm's trust account, according to the Debtor.  

Nobile & Thompson can be reached through:

     Matthew J. Thompson, Esq.        
     Nobile & Thompson Co., L.P.A.        
     4876 Cemetery Road  
     Hilliard, OH 43026        
     Phone: (614) 529-8600        
     Fax: (614) 529-8656
     Email: mjthompson@ntlegal.com        
  
                       About Amy Electric

Amy Electric, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ohio Case No. 18-51225) on March 7,
2018.

In the petition signed by Michael Yoder, president, the Debtor
estimated assets of less than $100,000 and liabilities of less than
$500,000.  

Judge C. Kathryn Preston presides over the case.  The Debtor tapped
Nobile & Thompson Co., L.P.A. as its legal counsel.


APOLLO SOLAR: July 17 Plan Confirmation Hearing
-----------------------------------------------
The U.S. Bankruptcy Court for the District of Connecticut has
approved the second amended disclosure statement explaining Apollo
Solar, Inc.'s proposed second amended plan of reorganization dated
May 4, 2018, and scheduled July 17 at 11:00 AM as the date of the
hearing to consider confirmation of the Plan.

Written objections to the Plan must be filed with the court no
later than June 29.  The Report of Ballots and Administrative
Expenses must be filed with the Court on or before July 12.

The Second Amended Plan modifies the treatment of the Class 1 DECD
secured claim and the Class 6 holders of Equity Interests. Also,
under the current terms of the plan, the Debtor would be unable to
confirm its plan unless Classes 2 and 4 vote to accept the plan.

The secured claim of the DECD in Class 1 will be treated as
follows: Debtor will pay said claim of $376,985.30 amortized over
15 years at 2% interest, amortized in monthly installments of
$2,425.93. Should the Debtor timely pay same claim down to a
balance of $100,000, Respondent agrees to waive the remaining
$100,000 balance. Should the Debtor default, it will complete the
payments on the original $376,985.30 amount on the original 15-year
schedule. This class is impaired.

If the debtor pays the arrearage amount specified in the timely
filed Proof of Claim, while timely making all required
post-petition payments (including any other reasonable amounts that
properly come due pursuant to the pre-petition contractual
agreement of the parties and of which the creditor gives such
timely and appropriate notice as the parties' pre-petition
agreement requires), the loan will be reinstated according to its
original terms, extinguishing any right of the claim holder to
recover any amount alleged to have arisen prior to the filing of
the petition, unless such amounts were included in the allowed
proof of claim filed in this case.
Payments on account of arrearages on pre-petition secured claims
may be applied only to the portion of the claim pertaining to
pre-petition arrears so that upon completion of all payments due
under the Plan, the loan will be deemed current through the date of
the filing of this case. For the purposes of the imposition of
default interest and post-petition charges, the loan will be deemed
current as of the filing of this case.

Class 6 contains the Equity Interests in the Debtor that are not
stock or shares of the Debtor, including without limitations
warrants and options. On the Effective Date, except as otherwise
specifically provided for in the Plan: (a) Debtor's obligations
under any certificate, share, note, bond, indenture, purchase
right, option, warrant, or other instrument or document directly or
indirectly evidencing or creating any indebtedness or obligation of
or ownership interest in Debtor giving rise to any Claim or Equity
Interest shall be cancelled; and (b) Debtor's obligations relating,
or pertaining to any agreements, indentures, certificates of
designation, bylaws, or certificates or articles of incorporation
or similar documents governing the shares, certificates, notes,
bonds, purchase rights, options, warrants, or other instruments or
documents evidencing or creating any indebtedness or obligation of
Debtor shall be released and discharged. This class is impaired and
deemed not to have accepted the plan.

A full-text copy of the Second Amended Disclosure Statement is
available for free at:

     http://bankrupt.com/misc/ctb17-50247-218.pdf

A full-text copy of the First Amended Disclosure Statement is
available for free at:

     http://bankrupt.com/misc/ctb17-50247-188.pdf

                   About Apollo Solar

Headquartered at Fairfield, Connecticut, Apollo Solar, Inc.,
provides the residential, commercial, and remote telecom
Photovoltaic (PV) markets with innovative, technologically superior
electronics that have served industrial clients for decades.  

Apollo Solar filed for Chapter 11 bankruptcy (Bankr. D. Conn. Case
No. 17-50247) on March 7, 2017.  The petition was signed by John
Pfeifer, president.  As of the time of the filing, the Debtor
estimated up to $50,000 in assets and $1 million to $10 million in
liabilities.

The case is assigned to Judge Julie A. Manning.   

Scott Charmoy, Esq., at Charmoy & Charmoy, is serving as counsel to
the Debtor.  Diversified Financial Solutions, PC, is serving as the
Debtor's accountant.


ARECONT VISION: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on May 25 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Arecont Vision Holdings, LLC.

                 About Arecont Vision Holdings

Arecont Vision Holdings, LLC -- https://www.arecontvision.com/ --
is in the business of designing, manufacturing, distributing and
selling IP-based megapixel cameras for use in video surveillance
applications globally, serving a broad range of industries
including data centers, government, retail, financial, sports
stadiums and healthcare.  The company offers seven megapixel
product families ranging from MegaVideo, single-sensor cameras from
1 to 10 megapixels and SurroundVideo multi-sensor cameras from 8 to
40 megapixels at various price points.  Arecont differentiates
itself from its competitors with in-house technology development
capabilities, with 18 issued patents.  It is headquartered in
Glendale, California.

Arecont Vision Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case Nos. 18-11142 to 18-11144) on
May 14, 2018.  In the petitions signed by Scott T. Avila, chief
restructuring officer, the Debtors estimated assets of less than
$50,000 and liabilities of $50 million to $100 million.  

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as their legal
counsel; Imperial Capital LLC as investment banker; Armory
Strategic Partners, LLC, as financial advisor; and Omni Management
Group, Inc. as claims and noticing agent.


ARECONT VISION: Wants to Obtain $4-Mil Loan, Use Cash Collateral
----------------------------------------------------------------
Arecont Vision Holdings, LLC, and affiliates seek authorization
from the United States Bankruptcy Court for the District of
Delaware to use cash collateral and obtain post-petition financing.


The Debtors seek authority to obtain post-petition consisting of
senior secured superpriority, multi-draw term loans in the
aggregate maximum principal amount of $4,000,000 from American
General Life Insurance Company, American Home Assurance Company,
The United States Life Insurance Company in the City of New York,
The Variable Annuity Life Insurance Company, American Home
Assurance Company and United Guaranty Residential Insurance
Company, consistent with the terms and conditions of the Senior
Secured, Super-Priority Debtor-In-Possession Credit and Security
Agreement and the Approved Budget.

Of the committed amount, the Debtors seek interim authority to
borrow up to $2,750,000 under the DIP Facility upon entry of the
Interim Order.

As of the Petition Date, the Debtors, the financial institutions
parties thereto from time to time as senior noteholders
("Prepetition Senior Lenders"), and the financial institutions
parties thereto from time to time as subordinated noteholders
("Prepetition Subordinated Lenders") are parties to that Note
Purchase Agreement. The Prepetition Lenders consist of certain
insurance company purchasers advised by AIG Investment Management
(U.S.), LLC. The Prepetition Lenders are substantially the same
group as the DIP Lenders.

The Prepetition Obligations to the Prepetition Senior Lenders are
secured by first priority liens and security interests granted to
U.S. Bank National Association (the "Prepetition Agent"), as first
lien collateral agent for the benefit of itself and the Prepetition
Senior Lenders, on the collateral described and defined in the
Prepetition Loan Documents, which includes cash collateral. The
Prepetition Obligations to the Prepetition Subordinated Lenders are
secured by second priority liens and security interests granted to
the Prepetition Agent, as second lien collateral agent for the
benefit of itself and the Prepetition Subordinated Lenders, on the
Prepetition Collateral.

Consequently, the Debtors are liable for payment of the Prepetition
Obligations, and the Prepetition Obligations will be an allowed
secured claim in an amount not less than $73,200,000.

As part of the Debtors' restructuring and sale efforts, the Debtors
obtained commitments for financing from the Prepetition Lenders, in
their capacity as DIP Lenders. Specifically, the Prepetition
Lenders indicated a willingness to continue funding the Debtors on
a postpetition basis through the DIP Facility subject to the terms
and conditions set forth in the DIP Loan Documents.

Among other terms of the proposed financing and use of cash
collateral are:

     (a) Agent and Lenders: Cortland Capital Market Services LLC as
Agent and American General Life Insurance Company, American Home
Assurance Company, The United States Life Insurance Company in the
City of New York and The Variable Annuity Life Insurance Company as
DIP Lenders.

     (b) The DIP Facility will be used only to fund operating
expenses, the costs and expenses of administering the chapter 11
cases, and other payments, in each case as set forth in and subject
to a budget prepared by the Debtors and the CRO and acceptable to
and approved by the DIP Lenders in their reasonable discretion. The
Approved Budget will be based on a rolling 9-week cash flow
forecast prepared jointly by the Debtors and the CRO, and the
Debtors will provide the DIP Agent and the DIP Lenders with weekly
variance reports against the Approved Budget.

     (c) The obligations in respect of the DIP Facility, including
all principal, interest, expenses, fees and other amounts owing in
respect thereof, will be secured pursuant to section 364(c)(2), (3)
and (d) of the Bankruptcy Code by first priority, senior priming
liens on and security interests in all of the Collateral, subject
only to the Carve-Out and any permitted prior existing valid and
perfected liens of any party other than AIG and the Prepetition
Lenders.

     (d) Interest Rate: 8.0% per annum plus, upon the occurrence of
an Event of Default, an additiona12.0%above the 8.0%.
     (e) Facility Fee: The Debtors will pay to the DIP Lenders a
one-time facility fee equal to $80,000 or 2.0% of the maximum DIP
Facility commitment amount, payable in cash upon closing of the DIP
Facility.

     (f) The Debtors will be required to prepay to the DIP Lenders
any Deposit Litigation Proceeds they receive, subject any
applicable sharing provisions. Any settlement will be subject to
the approval of the DIP Agent and the DIP Lenders. Notwithstanding
any mandatory prepayment, the Debtors will be entitled to draw
funds under the DIP Facility and use the DIP Agent's and the DIP
Lenders' cash collateral as provided in the Approved Budget and
pursuant to the Financing Orders.
DIP Financing and Sale Milestone Covenants:

     A. On the Petition Date, the Debtors will file the DIP
Financing Motion, which Sale motion will be in form and substance
acceptable to the DIP Agent and the DIP Lenders.

     B. Not later than 3 Business Days after the Petition Date, the
Debtors will obtain entry of the Interim Order.

     C. Not later than 30 days after the Petition Date, the Debtors
will obtain entry of the Final Order.

     D. On or before the date that is the 21st calendar day after
the Petition Date, the Debtors will obtain entry of an order
acceptable to the DIP Agent and the DIP Lenders by the Bankruptcy
Court approving bid procedures for a Section 363 Sale.

     E. On or before the date which is the 50th calendar day after
the Petition Date, all qualifying bids in connection with the
Section 363 Sale will be submitted to the Debtors, and the DIP
Agent and the DIP Lenders and the Debtors will have received at
least one qualifying bid, including any stalking horse bid, the
terms of which will be acceptable to the DIP Lenders.

     F. On or before the date which is the 55th calendar day after
the Petition Date, the Debtors will hold an auction to determine
the highest or otherwise best bid for a Section 363 Sale, in
consultation with the DIP Agent and the DIP Lenders, and at the
conclusion of the auction, the Debtors will declare a winning
bidder.
     G. On or before the date which is the 3rd calendar day after
the conclusion of the Auction, the Debtors will obtain entry of an
order by the Bankruptcy Court approving the Section 363 Sale to the
successful bidder, which order will be in form and substance
acceptable to the DIP Agent and the DIP Lenders.

     I. Not later than 15 days after entry of the Sale Order, the
Debtors will cause the Section 363 Sale to be substantially
consummated and indefeasibly and finally pay the DIP Obligations,
any remaining Prepetition Obligations (to the extent of available
funds), and all other obligations to the DIP Lenders, whether
arising prior to, on, or after the Petition Date, in full, in cash,
at the closing of the Section 363 Sale.

A full-text copy of the Debtor's Motion is available at

             http://bankrupt.com/misc/deb18-11142-14.pdf

                   About Arecont Vision Holdings

Arecont Vision -- https://www.arecontvision.com -- is in the
business of designing, manufacturing, distributing and selling
IP-based megapixel cameras for use in video surveillance
applications globally, serving a broad range of industries
including data centers, government, retail, financial, sports
stadiums and healthcare.  Arecont Vision offers seven megapixel
product families ranging from MegaVideo, single-sensor cameras from
1 to 10 megapixels and SurroundVideo multi-sensor cameras from 8 to
40 megapixels at various price points. The Company differentiates
itself from its competitors with in-house technology development
capabilities, with 18 issued patents. Arecont Vision is
headquartered in Glendale, California.

Arecont Vision Holdings, LLC and affiliates Arecont Vision, LLC and
Arecont Vision IC DISC concurrently filed voluntary petitions for
relief under Chapter 11 (Bankr. D. Del. Lead Case No. 18-11142) on
May 14, 2018.

The petitions were signed by Scott T. Avila, chief restructuring
officer. At the time of filing, Arecont Vision Holdings had at
least $50,000 in estimated assets and $50 million to $100 million
in estimated liabilities.

The Debtor is represented by Pachulski Stang Ziehl & Jones LLP as
bankruptcy counsel; Imperial Capital, LLC as investment bankers;
Armory Strategic Partners, LLC as advisor; and Rust Consulting/Omni
Bankruptcy. Web site: https://is.gd/AUbS2l


AVIATION ENGINEERING: Has Until June 14 to Exclusively File Plan
----------------------------------------------------------------
The Hon. Caryl E. Delano of the U.S. Bankruptcy Court for the
Middle District of Florida has extended, at the behest of Aviation
Engineering Consultants, Inc., the exclusive period in which only
the Debtor may file a Chapter 11 plan and the deadline to achieve
confirmation of the plan through and including June 14, 2018, and
Sept. 15, 2018, respectively.

The deadline for Debtor to file a plan and disclosure statement is
additional extended through June 14, 2018, without prejudice to
request further extensions.

A copy of the court order is available at:

         http://bankrupt.com/misc/flmb18-00241-93.pdf

             About Aviation Engineering Consultants

Aviation Engineering Consultants, Inc., sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
18-00241) on Jan. 12, 2018.  In the petition signed by Fahim
Avaregan, operations manager and trustee, the Debtor estimated
assets of less than $50,000 and liabilities of less than $500,000.
Judge Caryl E. Delano presides over the case.  Blanchard Law, P.A.,
is the Debtor's bankruptcy counsel.


B.L. GUSTAFSON: Unsecureds to Get 100% in 4 Annual Payments
-----------------------------------------------------------
B.L. Gustafson, LLC, d/b/a Gus's Guns, Priority Care Ambulance,
B.L. Gustafson Excavation, Brynwood Farm, and Brian Gustafson
Rentals, filed with the U.S. Bankruptcy Court for the Western
District of Pennsylvania proposing to pay 100% of allowed claims in
four equal annual installments, beginning on the first anniversary
of the Effective Date.

Brian Gustafson will pay $15,000 into the Confirmation Deposit
Fund.  He will personally guarantee the unpaid balance of
administrative expenses, if any.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/pawb17-10514-174.pdf

                     About B.L. Gustafson

B.L. Gustafson, LLC filed a Chapter 11 petition (Bankr. W.D. Penn.
Case No. 15-11361) on December 28, 2015.  The petition was signed
by its Manager, Brian L. Gustafson.  The case is assigned to Judge
Thomas P. Agresti.  The Debtor's counsel is Guy C. Fustine, Esq.,
at Knox McLaughlin Gornall & Sennett, P.C., 120 West Tenth Street,
Erie, PA.  At the time of filing, the Debtor had $100,000 to
$500,000 in assets and $500,000 to $1 million in liabilities.



B52 MEDIA: Seeks to Hire Name Experts as Broker
-----------------------------------------------
B52 Media, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Maryland to hire Name Experts, LLC, as broker.

The firm will help the Debtor in the marketing and sale of domain
names.  The Debtor currently owns approximately 4,300 domain names,
with an estimated value of approximately $1.7 million.

The firm's commission on the sale of any domain name, whether by
private sale or auction, is 10%, plus advertising and travel
expenses.

Joe Uddeme, principal of Name Experts, disclosed in a court filing
that his firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

Name Experts can be reached through:

     Joe Uddeme
     Name Experts, LLC
     2902 Rain Tree Court
     Owings Mills, MD 21117
     Phone: 410-977-0693
     Email: info@nameexperts.com

                       About B52 Media LLC

Headquartered in Pikesville, Maryland, B52 Media, LLC --
http://www.b52.com/-- is in the online services technology
consulting business.  It helps small and large corporations find
the right domain names for their businesses.  B52 Media also
designs and builds professional powered Web sites and offers
marketing strategies.  

B52 Media sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Md. Case No. 18-12045) on Feb. 16, 2018.  In the
petition signed by Jonathan Bierer, authorized representative, the
Debtor estimated assets of less than $50,000 and liabilities of $1
million to $10 million.  Judge Michelle M. Harner presides over the
case.  McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A., is the
Debtor's legal counsel.


BAHA LOUNGE: Taps Atty. Richard Feinsilver as Bankruptcy Counsel
----------------------------------------------------------------
Baha Lounge Corp. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to hire Richard Feinsilver, Esq.,
as its legal counsel.

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

The attorney will charge an hourly fee of $350 for his services.
He received a retainer in the sum of $10,000.

Mr. Feinsilver disclosed in a court filing that his firm is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Mr. Feinsilver maintains an office at:

     Richard S. Feinsilver, Esq.
     One Old Country Road, Suite 125
     Carle Place, NY 11514
     Phone: 516-873-6330
     Email: feinlawny@yahoo.com

                      About Baha Lounge Corp.

Baha Lounge Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-41665) on March 27,
2018.  In the petition signed by Juan Liz, president, the Debtor
estimated assets of less than $50,000 and liabilities of less than
$100,000.  Judge Elizabeth S. Stong presides over the case.


BAY TERRACE: Taps Shafferman & Feldman as Legal Counsel
-------------------------------------------------------
Bay Terrace Country Club, Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire
Shafferman & Feldman LLP as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors; prepare a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

Joel Shafferman, Esq., the attorney who will be handling the case,
will charge an hourly fee of $400.  His firm received a retainer in
the sum of $22,000 from the Debtor.

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

Shafferman & Feldman can be reached through:

     Joel M. Shafferman, Esq.
     Shafferman & Feldman LLP
     137 Fifth Avenue, 9th Floor
     New York, NY 10010
     Tel: (212) 509-1802
     Fax: (212) 509-1831
     Email: joel@shafeldlaw.com

               About Bay Terrace Country Club

Bay Terrace Country Club, Inc., operates the Bay Terrace Country
Club located in Bayside, Queens, a cooperative-owned private swim
club overlooking Little Neck Bay.  The club provides its members
and guests a large assortment of fun and healthy activities for
both children and adults.

Bay Terrace Country Club sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-42627) on May 4,
2018.

In the petition signed by Maureen Hilsdorf, president, the Debtor
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  

Judge Carla E. Craig presides over the case.


BENZEEN INC: Taps Atty. Michael Sment as Appellate Counsel
----------------------------------------------------------
Benzeen Inc. seeks approval from the U.S. Bankruptcy Court for the
Central District of California to retain Michael Sment, Esq., as
its appellate counsel.
  
The attorney will continue to represent the Debtor in connection
with its appeal from the bankruptcy court's decision, which granted
a motion to lift the automatic stay filed by its creditor JPMorgan
Chase Bank.  The Debtor on Nov. 20 last year filed for bankruptcy
to prevent a trustee sale attempted by the bank.

The Debtor will pay the attorney an hourly fee of $300 for his
services.  Mr. Sment received a retainer in the sum of $6,398.

Mr. Sment disclosed in a court filing that he does not have any
interest adverse to the Debtor's estate, creditors and equity
security holders.

Mr. Sment maintains an office at:

     Michael Sment, Esq.
     Faria Building
     770 County Square Drive, Suite 210
     Ventura, CA 93003
     Phone: (805) 654-0311
     Fax: 805-654-0334

                        About Benzeen Inc.

Benzeen Inc. is a privately-held company in Los Angeles,
California, founded in 2004.  

Benzeen sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Calif. Case No. 17-13113) on November 20, 2017.  The
Debtor first filed for Chapter 11 protection (Bankr. C.D. Calif.
Case No. 14-11405) on March 19, 2014.

In the petition signed by Roman Preys, president, the Debtor
disclosed that it had estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.  

Judge Maureen Tighe presides over the case.


BI-LO LLC: Moody's Rates New $550MM ABL Revolver Loan 'B1'
----------------------------------------------------------
Moody's Investors Service assigned a B1 rating to BI-LO, LLC's
proposed new $550 million ABL revolving credit facility and a B3
rating to the company's proposed new $50 million FILO term loan.
Additionally, Moody's affirmed the company's B3 Corporate Family
Rating and it's B3-PD probability of default rating. Moody's also
affirmed the Caa1 rating of the company's senior secured term loan
which has been downsized to $475 million from $525 million. The
rating outlook remains stable.

"Although the company will emerge from bankruptcy with a stronger
balance sheet, the next couple of years will be challenging as food
retailing remains highly competitive and promotional particularly
in BI-LO's geography, making it difficult to grow topline and
profitability while simultaneously investing in the remaining store
base and executing on a longer term strategic plan", Moody's Vice
President Chadha stated.

Issuer: BI-LO, LLC

Senior Secured FILO Term Loan, Assigned B3 (LGD3)

Senior Secured Bank Revolving Credit Facility, Assigned B1 (LGD2)

Affirmations:

Issuer: BI-LO, LLC

Probability of Default Rating, Affirmed B3-PD

Corporate Family Rating, Affirmed B3

Guaranteed Senior Secured Bank Credit Facility, Affirmed Caa1
(LGD4)

Outlook Actions:

Issuer: BI-LO, LLC

Outlook, Remains Stable

RATINGS RATIONALE

The B3 Corporate Family Rating reflects highly competitive and
challenging operating environment for supermarkets particularly in
the geographies in which the company operates. Although, Moody's
expects the deflationary pressure on food items to abate in 2018,
it expects pricing pressure due to intense competition and new
competitive openings to continue to pressure top-line and
profitability. Debt/EBITDA is expected to be modest at about 4.0
times in the next 12 months, but interest coverage will be
relatively weak with EBIT/interest at about 1.5 times and free cash
flow will be modest. Positive factors include company's large scale
and geographic footprint, its adequate liquidity and significantly
lower debt burden as it emerges from bankruptcy. The bankruptcy
filing also gives the company an opportunity to reject leases and
close underperforming stores to focus on a more cohesive and
profitable footprint in the southeast particularly in Florida and
South Carolina. However, streamlining the store base will take at
least couple of years and the company will still need to invest in
the remaining stores to improve traffic, margins and same store
sales trends which have been declining. Moody's expects financial
policies, which have been very aggressive in the past, to be
conservative going forward. The ratings are its large scale and
geographic footprint.

The rating outlook is stable and reflects Moody's expectation that
operating margins, profitability and liquidity will not deteriorate
meaningfully.

Ratings could be upgraded if the company, liquidity remains good,
same store sales increase and operating profit improves such that
EBIT/interest is sustained above 1.75 times and Debt/EBITDA is
sustained below 4.0 times with financial policies remaining
benign.

Ratings could be downgraded if liquidity deteriorates particularly
if free cash flow is negative or the company does not successfully
execute its store rationalization plan, reverse same store sales
and operating margin trends or if financial policies become
aggressive. Ratings could also be downgraded if EBIT/interest is
sustained below 1.0 times or debt to EBITDA is sustained above 6.0
times

The principal methodology used in these ratings was Retail Industry
published in May 2018.

BI-LO LLC, operates as a food retailer in the Southeastern United
States. The Company operates supermarkets in Alabama, Florida,
Georgia, Louisiana, Mississippi, North Carolina, and South Carolina
under the "Winn-Dixie", "BI-LO", "Harveys" and "Fresco y Más"
supermarket banners. The company is owned by private equity firm
Lone Star. Revenue totaled $9.9 billion for the LTM period ending
July 12, 2017.


BIG BEAR: Wants Court Approval to Use Strategic's Cash Collateral
-----------------------------------------------------------------
Big Bear Bowling Barn, Inc., seeks approval from the U.S.
Bankruptcy Court for the Central District of California to use cash
collateral of Strategic Funding Source, Inc.

The Debtor told the Court that Strategic advanced the principal
amount of $25,000 under a Loan Agreement dated Oct. 4, 2017.
Strategic later advanced the sum of $120,000, under a Loan
Agreement dated Jan. 16, 2018.  The Debtor revealed that adding in
interest and contractual fees, it is obligated to Strategic in the
amount of $167,931.98, as of April 2, 2018.

The Debtor said that it needs the cash collateral in order to
continue the operation of its business. According to the Debtor, it
has entered into a Stipulation with Strategic for use of the cash
collateral.  As a condition for use of the cash collateral, the
Debtor said that it has reviewed and does not dispute the recitals
in the Stipulation as well as agreeing to the terms and conditions
set.

As adequate protection, the Debtor will grant Strategic replacement
lien in all prepetition and postpetition assets.

The Debtor proposes to use cash collateral solely to pay expenses
set forth on the budget which reveals projected total expense of
$572,223.36.

A full-text copy of the Stipulation can be viewed at:

    
http://bankrupt.com/misc/BigBear_CashCollateral_Stipulation.pdf

                 About Big Bear Bowling Barn Inc.

Big Bear Bowling Barn, Inc., owns the Bowling Barn located at 40625
Big Bear Boulevard, Big Bear Lake, California. Bowling Barn is a
16-lane bowling facility.  The company is a small business debtor
as defined in 11 U.S.C. Section 101(51D) reporting gross revenue of
$1.59 million in 2017 and gross revenue of $1.42 million in 2016.

Big Bear Bowling Barn sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-12715) on April 2,
2018.  In the petition signed by William Ross, president, the
Debtor disclosed $1.51 million in assets and $2.18 million in
liabilities.  Judge Scott C. Clarkson presides over the case.



BIOSTAGE INC: Stockholders Elected 2 Directors
----------------------------------------------
Biostage, Inc., held its annual meeting of stockholders on May 23,
2018, at which the stockholders elected John J. Canepa and Wei
Zhang as Class II directors for three-year terms, those terms to
continue until the annual meeting of stockholders in 2021 and until
such director's successor is duly elected and qualified or until
their earlier resignation or removal.  The stockholders also
approved an amendment to the 2013 Plan to increase the number of
shares of the Company's common stock available for issuance
pursuant to the 2013 Plan by 1,600,000 shares.

                        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 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 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.


BLUE OCEAN: Chapter 15 Case Summary
-----------------------------------
Chapter 15 Debtor:         Blue Ocean Resources Pte. Ltd.
                           16 Gemmill Lane
                           Singapore, 069254

Business Description:      Blue Ocean Resources Pte. Ltd. is a
                           private company limited by shares
                           incorporated under the laws of the
                           Republic of Singapore.  The company
                           is a wholesale supplier of fish and
                           seafood.  Blue Ocean operates as a
                           wholly-owned subsidiary of PT Central
                           Proteina Prima, Tbk.

Chapter 15 Case No.:       18-22806

Chapter 15 Petition Date:  May 25, 2018

Court:                     United States Bankruptcy Court
                           Southern District of New York
                          (White Plains)

Judge:                     Hon. Robert D. Drain

Chapter 15 Petitioner:     Martial Jean Francois Nicolas

Foreign Proceeding
in Which Appointment
of the Foreign
Representative
Occurred:                  Proceeding before the High Court of the

                           Republic of Singapore

Chapter 15 Petitioner's:   Michael E. Foreman, Esq.
Counsel                    FOREMAN LAW PLLC
                           11 Martine Ave., 12th Floor
                           White Plains, NY 10606
                           Tel: 914-684-1600
                           Email: michael@foremanlawpllc.com

Estimated Assets:          Unknown

Estimated Debts:           Unknown

A full-text copy of the Chapter 15 petition is available for free
at: http://bankrupt.com/misc/nysb18-22806.pdf


BRAVO BRIO: Stock Delisted from Nasdaq
--------------------------------------
Tara Petta, senior director at The Nasdaq Stock Market LLC, filed a
Form 25-NSE with the Securities and Exchange Commission notifying
the removal from listing or registration of Bravo Brio Restaurant
Group, Inc.'s common stock on the Exchange.

                  Deregistration of Securities

Bravo Brio filed post-effective amendments with the SEC relating to
these registration statements on Form S-8:

   * Registration Statement No. 333-170223, registering the
     issuance of 1,900,000 common shares, no par value per share,
     of the Company issuable under the Bravo Brio Restaurant
     Group, Inc. Stock Incentive Plan, filed with the SEC on
     Oct. 29, 2010; and

   * Registration Statement No. 333-170224, registering the
     issuance of 1,414,203 common shares, no par value per share,
     of the Company issuable under the Bravo Development, Inc.
     Option Plan, filed with the SEC on Oct. 29, 2010.

On May 24, 2018, pursuant to the Agreement and Plan of Merger,
dated as of March 7, 2018, by and among Bugatti Parent, Inc., a
Delaware corporation ("Parent"), Bugatti Merger Sub, Inc., an Ohio
corporation and a direct wholly-owned subsidiary of Parent ("Merger
Sub"), and the Company, Merger Sub merged with and into the
Company, with the Company surviving the merger as a direct
wholly-owned subsidiary of Parent.

As a result of the Merger, the Company has terminated all offerings
of its securities pursuant to the Registration Statements.  In
accordance with an undertaking made by the Company in the
Registration Statements to remove from registration, by means of
post-effective amendment, any of the securities that remain unsold
at the termination of the offerings, the Company removes from
registration all of those securities of the Company registered but
unsold under the Registration Statements, if any, as of May 24,
2018.

                About Bravo Brio Restaurant Group

Bravo Brio Restaurant Group, Inc., headquartered in Columbus, Ohio
-- http://www.bbrg.com/-- is an owner and operator of two distinct
Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan
Grille.  BBRG has positioned its brands as multifaceted culinary
destinations that deliver the ambiance, design elements and food
quality reminiscent of fine dining restaurants at a value typically
offered by casual dining establishments, a combination known as the
upscale affordable dining segment.  Bravo Brio Restaurant Group,
Inc. was incorporated in July 1987 as an Ohio corporation under the
name Belden Village Venture, Inc.  The company operates one
full-service upscale American-French bistro restaurant in Columbus,
Ohio under the brand "Bon Vie."

The report from the Company's independent accounting firm Deloitte
& Touche LLP, the Company's auditor since 1998, on the consolidated
financial statements for the year ended Dec. 31, 2017, contains an
explanatory paragraph stating that the Company does not have
sufficient cash flow to meet its obligation on the 2014 Credit
Agreement, as amended, at its maturity date of Dec. 1, 2018, which
raises substantial doubt about the Company's ability to continue as
a going concern.

Bravo Brio incurred a net loss of $9.76 million in 2017 compared to
a net loss of $74.71 million in 2016.  As of April 1, 2018, the
Company had $133.87 million in total assets, $100.76 million in
total current liabilities, $43.94 million in deferred lease
incentives, $21.43 million in total long-term liabilities and a
total shareholders' deficiency of $32.27 million.


BUCKINGHAM SENIOR: Fitch Cuts Bonds Rating to B, On Watch Negative
------------------------------------------------------------------
Fitch Ratings has downgraded to 'B' from 'BB' the bonds issued by
the Tarrant County Cultural Education Facilities Finance
Corporation on behalf of Buckingham Senior Living Community, Inc.
(The Buckingham). Fitch has also placed the bonds on Rating Watch
Negative.

SECURITY

The bonds are secured by a mortgage lien on the The Buckingham's
property, gross revenue pledge, and series-specific debt service
reserve funds.

KEY RATING DRIVERS

WEAKENED FINANCIAL PROFILE: The downgrade and Negative Watch
reflect weakened operating performance that has resulted in
consecutive annual rate covenant violations and lower liquidity
levels. After a rate covenant violation in 2016 mostly due to lower
net entrance fee receipts, unaudited results for 2017 indicate The
Buckingham produced very poor actual annual debt service (AADS)
coverage of 0.2x. In addition, the operating losses and working
capital requirements for the delayed expansion project has resulted
in unrestricted cash and investments dropping to about $15.1
million or 199 days cash on hand (DCOH) as of Dec. 31, 2017
(unaudited figures) from $20.3 million (329 DCOH) the prior year.

COVENANT VIOLATIONS: The consecutive rate covenant violations of
below 1.0x result in an event of default under the bond documents.
Bondholder remedies include the acceleration of principal for the
outstanding bonds. Fitch will monitor the negotiations among the
bondholders and The Buckingham and take rating action once more
details become available.

EXPANSION PROJECT COMPLETION: The Buckingham opened 99 of its new
independent living units (ILU) for occupancy during November 2017
and had 64 move-ins as of April 30, 2018. Initial entrance fee
proceeds of about $50 million have been collected and $36.58
million of temporary debt has been repaid as of May 15, 2018. About
$17.29 million of temporary debt remains outstanding and is
scheduled to be redeemed when approximately 80% of the new ILUs are
occupied.

TIMELY FILL-UP AND STABILIZATION OF NEW UNITS: The Buckingham
completed a new and expanded health center building last year with
32 additional skilled nursing facility (SNF) beds. However,
inspection delays from the Texas Department for Aging and
Disability Services (TDADS) caused service disruptions that added
construction delays for the remainder of the project. Failure to
complete and successfully fill-up the expansion units and improve
operations could result in further negative rating action.

RATING SENSITIVITIES

FINANCIAL PROFILE STABILIZATION: Buckingham Senior Living
Facility's failure to improve operating performance and stem
liquidity declines will likely lead to a further rating downgrade.

BONDHOLDER NEGOTIATIONS: Fitch will monitor bondholder negotiations
relating to the event of default. Any outcome or remedy enforcement
that negatively affects The Buckingham's ability to repay its debt
obligations would result in a downgrade.

RESOLUTION OF RATING WATCH: Resolution of the Rating Watch Negative
is expected to occur upon settlement of negotiations with
bondholders over the event of default. Further negative rating
action would occur if financial performance does not improve,
liquidity does not rebound, or the results of the bondholder
negotiations produce a weaker credit profile.

CREDIT PROFILE

Located in the Memorial/Tanglewood section of Houston, TX, The
Buckingham is a continuing care retirement community (CCRC) that
opened in 2005 and achieved stabilized occupancy in September 2007.
It currently offers 303 ILUs, 40 assisted living units (ALU), 16
memory support units, and 92 SNF beds. Total operating revenues
amounted to $22.6 million in fiscal 2017 (unaudited Dec. 31
year-end).

The Buckingham's parent company and sole corporate member is Senior
Quality Lifestyles Corporation (SQLC). SQLC is also the parent
company of Edgemere in Dallas (BBB-/Negative), Querencia at Barton
Creek (BBB-/Stable), two other CCRCs in Texas and one in Carmel,
IN, with a total of approximately 1,900 units. Only The Buckingham
is obligated on its indebtedness.

SQLC and The Buckingham retain Greystone Management Services to
manage the community's operations. In 2017, SQLC acquired
Seniority, Inc., a provider of management, sales and development
consulting services to senior living communities to enhance its
administrative capabilities. As part of the Seniority, Inc.
acquisition, SQLC is increasing its managerial staff, programmatic
offerings and investing in information technology resources. The
higher level of administrative and management support for The
Buckingham, as well as operational challenges with Greystone
Management Services caused expense pressure during the past two
years.

The Buckingham offers type-A life care resident agreements for its
ILUs. Most of its contracts are 90% refundable. Entrance fee
refunds are subject to The Buckingham receiving sufficient re-sale
proceeds and after re-occupancy of the vacated ILU. However, The
Buckingham uses a queue system for entrance fee refunds, which
provides refunds in a more-timely manner but places more challenges
on cash flow and liquidity management.

On May 23, 2018, SQLC and Lifespace Communities (A/Stable) entered
into a nonbinding letter of intent for a proposed affiliation. The
companies are conducting due diligence and anticipate that it would
involve Lifespace Communities becoming the sole corporate member or
shareholder of SQLC and one or more of its affiliates, including
Seniority, Inc. Given the nonbinding nature of the letter of
intent, Fitch did not incorporate the proposed affiliation into the
rating or the placement on Rating Watch.

WEAKENED FINANCIAL PROFILE

As a result of strong occupancy rates, steady fee increases and
effective cost management, historical operating performance was
very good from 2013 through the first half of 2016. However,
operations weakened in 2016 due to management turnover and
increased administrative support from SQLC despite the fees paid to
Greystone Management Services. Worsened profitability continued in
2017 as a result of further administrative expenses from SQLC, the
delayed opening of the expansion project (from both previous
weather delays and Hurricane Harvey disruptions), and poor cost
management for the staffing and services required for the new ILU
residents.

As a result of the negative profitability and cash flow, The
Buckingham produced AADS coverage of only 0.2x in 2017. The
operating losses and working capital requirements for the delayed
expansion project have resulted in unrestricted cash and
investments dropping to about $15.1 million or 199 DCOH as of Dec.
31, 2017. For the quarter ending March 31, 2018, operating
performance continued to decline, driven by poor cost management
for the new ILU expansion as well as delays from TDADS related to
the opening for the new health center building. ILU occupancy at
the existing 204 ILUs has softened to 85.8% as of March 31, 2018,
from 94.1% at year-end 2017. The Buckingham's inability to
re-occupy the existing ILUs could intensify operating challenges in
light of the status of the expansion project.

Unrestricted cash and investments declined to $12.4 million or 117
DCOH as of March 31, 2018. Unrestricted cash and investment
balances include $6.7 million of working capital and operating
reserves that were funded by initial entrance fees from the
expansion ILUs. Any additional delays in occupying the new ILUs or
failure to improve financial performance will cause further
pressure on liquidity balances.

EXPANSION PROJECT

The nearly $80 million construction project undertaken in the
summer of 2015 was a complex endeavor involving a significant
expansion of services and amenities that was negatively affected by
weather early in the construction process, Hurricane Harvey
disruptions, building permit issues and inspection delays. Through
March 31, 2018, the project is 95.2% complete with $448,163 of
contingency funds remaining that is projected to be sufficient to
finish the project. The final portion of the project includes the
construction that will add the 27 new ALUs, 18 new memory support
units and renovations to the prior health center.

As of April 30, 2018, 64 of the 99 new ILUs were occupied and five
other units were reserved with 10% deposits. To date in May 2018,
no other depositors have moved into or are scheduled to move into
the new tower. Any further slowdown of move-ins will exacerbate
working capital requirements and delay the receipt of initial
entrance fees that are required to redeem the remaining $17.29
million of temporary debt.


C.R. OF ATTALLA: Taps Boyer Law Firm as Legal Counsel
-----------------------------------------------------
C.R. of Attalla, LLC, seeks approval from the U.S. Bankruptcy Court
for the Middle District of Georgia to hire Boyer Law Firm, LLC as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; conduct examinations incidental to the
administration of its estate; pursue claims of the Debtor; and
provide other legal services related to its Chapter 11 case.

Wesley Boyer, Esq., the attorney who will be handling the case,
charges an hourly fee of $340.  His firm received an advance
deposit of $3,000 prior to the petition date.

Mr. Boyer disclosed in a court filing that his firm neither holds
nor represents any interest adverse to the Debtor's estate.

The firm can be reached through:

     Wesley J. Boyer, Esq.
     Boyer Law Firm, LLC
     348 Cotton Avenue, Suite 200
     Macon, GA 31201
     Tel: 478-742-6481
     Email: wjboyer_2000@yahoo.com
     Email: Wes@WesleyJBoyer.com

                      About C.R. of Attalla

C.R. of Attalla, LLC, is healthcare provider in Attalla, Alabama,
that operates a skilled nursing facility.

C.R. of Attalla filed a Chapter 11 petition (Bankr. M.D. Ga. Case
No. 18-50546) on March 21, 2018.  In the petition signed by Michael
E. Winget, Sr., manager, the Debtor estimated $500,000 to $1
million in assets and $1 million to $10 million in estimated
liabilities.  The case is assigned to Judge James P. Smith.  Wesley
J. Boyer, Esq., of Boyer Law Firm, L.L.C., is the Debtor's counsel.


Pending bankruptcy cases of affiliates:

   Debtor                              Petition Date  Case No.
   ------                              -------------  --------
C. R. of Shadecrest, LLC                  8/15/17     17-51753
Chandler Health & Rehab Center, LLC       7/20/17     17-51550
Fairhope Health & Rehab, LLC              7/20/17     17-51551
Gordon Oaks at Greystoke, LLC             7/12/17     17-51472
Greystoke Health Systems, Ltd.            8/17/17     17-51772
Meadowbrook Extended Care, LLC            7/20/17     17-51552
Medical Management Concepts, LLC          8/15/17     17-51752
Porter Field Health & Rehab Center, LLC   6/27/17     17-51362
Ridgeview Extended Care, LLC              7/20/17     17-51553


CADIZ INC: Raises $15 Million from 'At the Market' Offering
-----------------------------------------------------------
Cadiz Inc. has completed the sale of 1,159,718 shares of common
stock for gross proceeds of $15 million and aggregate net proceeds
of approximately $14.55 million.

On March 27, 2018, Cadiz Inc. entered into an At Market Issuance
Sales Agreement with B. Riley FBR, Inc. under which the Company
could issue and sell shares of its common stock having an aggregate
offering price of up to $15 million from time to time in an "at the
market" offering through B. Riley FBR acting as its sales agent.  

                           About Cadiz

Headquartered in Los Angeles, California, Cadiz Inc. --
http://www.cadizinc.com/-- is a land and water resource
development company with 45,000 acres of land in three areas of
eastern San Bernardino County, California.  Virtually all of this
land is underlain by high-quality, naturally recharging groundwater
resources, and is situated in proximity to the Colorado River and
the Colorado River Aqueduct, California's primary mode of water
transportation for imports from the Colorado River into the State.
The Company's properties are suitable for various uses, including
large-scale agricultural development, groundwater storage and water
supply projects.  Its main objective is to realize the highest and
best use of these land and water resources in an environmentally
responsible way.

Cadiz Inc. reported a net loss and comprehensive loss of $33.86
million in 2017, a net loss and comprehensive loss of $26.33
million in 2016 and a net loss and comprehensive loss of $24.01
million.  As of March 31, 2018, Cadiz had $62.86 million in total
assets, $145.8 million in total liabilities and a total
stockholders' deficit of $82.89 million.


CAMBER ENERGY: Gets Eight Tranche of $1M Investor Funding
---------------------------------------------------------
As previously disclosed, on Oct. 5, 2017, Camber Energy, Inc., and
an institutional investor, entered into a Stock Purchase Agreement,
pursuant to which the Company agreed to sell 1,684 shares of its
Series C Redeemable Convertible Preferred Stock for $16 million (a
5% original issue discount to the face value of those shares),
subject to certain conditions.

On Oct. 5, 2017, in connection with the entry into the October 2017
Purchase Agreement, the Investor purchased 212 shares of Series C
Preferred Stock for $2 million (the "Initial Closing").

On Nov. 21, 2017, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 106
shares of Series C Preferred Stock for $1 million (the "Second
Closing").

On Dec. 27, 2017, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million (the "Third
Closing").

On Jan. 31, 2018, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million (the "Fourth
Closing").

On Feb. 22, 2018, pursuant to the terms of the October 2017
Purchase Agreement, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million (the "Fifth
Closing").

On March 9, 2018, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million (the "Sixth
Closing").

On April 10, 2018, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million (the "Seventh
Closing").

On May 22, 2018, the Company sold the Investor an additional 105
shares of Series C Preferred Stock for $1 million (the "Eighth
Closing").

The Sixth Closing, Seventh Closing and Eighth Closing occurred
notwithstanding the terms of the October 2017 Purchase Agreement
which required the sixth closing to be for a total of $5 million,
as the parties mutually agreed to the sales of only $1 million of
Series C Preferred Stock to be sold pursuant to the $5 Million
Closing, at the Sixth Closing, Seventh Closing and Eighth Closing.

The Company plans to use the proceeds from the sale of the Series C
Preferred Stock for working capital, workovers on existing wells,
including its recent acquisitions, additional acquisitions and
interest payments to International Bank of Commerce.

The terms of the October 2017 Purchase Agreement, the conditions
which are required to be met prior to the sale of additional shares
of Series C Preferred Stock under the October 2017 Purchase
Agreement, the rights and preferences of the Series C Preferred
Stock (which Series C Preferred Stock sold pursuant to the October
2017 Purchase Agreement currently has a dividend rate of 24.95% per
year) and related items are described in greater detail in the
Current Report on Form 8-K filed by the Company with the Securities
and Exchange Commission on Oct. 5, 2017.

As of May 23, 2018, the Series C Preferred Stock sold at the
Initial Closing, Second Closing, Third Closing, Fourth Closing,
Fifth Closing, Sixth Closing, Seventh Closing and Eighth Closing
would convert into approximately 2,384,735 shares of the Company's
common stock if fully converted, which number includes 116,677
shares of common stock convertible upon conversion of each share of
outstanding Series C Preferred Stock at a conversion price of
$81.25 per share (based on the $10,000 face amount of the Series C
Preferred Stock) and approximately 2,268,058 shares of common stock
for premium shares due thereunder (based on the current dividend
rate of 24.95% per annum), and a conversion price of $0.292 per
share, which may be greater or less than the conversion price that
currently applies to the conversion of the Series C Preferred Stock
pursuant to the terms of the Designation, which number of premium
shares may increase significantly from time to time as the trading
price of the Company's common stock decreases, upon the occurrence
of any trigger event under the Designation of the Series C
Preferred Stock and upon the occurrence of certain other events, as
described in greater detail in the Designation of the Series C
Preferred Stock.

The conversion of the Series C Preferred Stock into common stock of
the Company will create substantial dilution to existing
stockholders.

                     About Camber Energy

Based in San Antonio, Texas, Camber Energy, Inc. (NYSE American:
CEI) -- http://www.camber.energy/-- is a growth-oriented,
independent oil and gas company engaged in the development of crude
oil, natural gas and natural gas liquids in the Hunton formation in
Central Oklahoma in addition to anticipated project development in
the San Andres formation in the Permian Basin.

Camber reported a net loss of $89.12 million on $5.30 million of
total net operating revenues for the year ended March 31, 2017,
compared to a net loss of $25.44 million on $968,146 of total net
operating revenues for the year ended March 31, 2016.  As of Dec.
31, 2017, Camber Energy had $18.18 million in total assets, $41.80
million in total liabilities and a total stockholders'
deficit of $23.61 million.

GBH CPAs, PC -- http://www.gbhcpas.com/-- in Houston, Texas,
issued a "going concern" opinion in its report on the consolidated
financial statements for the year ended March 31, 2017, citing that
the Company has incurred significant losses from operations and had
a working capital deficit at March 31, 2017.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


CANTRELL DRUG: Taps Dodd Law Firm as Special Counsel
----------------------------------------------------
Cantrell Drug Company, Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Arkansas to hire Dodd
Law Firm as special counsel.

The firm will handle matters related to regulatory compliance
pending before the Alabama State Board of Pharmacy.

The firm will charge at these hourly rates:

     H. Hube Dodd         $375
     Adjunct Counsel      $250
     Paralegals           $125
     Legal Assistants      $50

H. Hube Dodd, Esq., at Dodd Law Firm, disclosed in a court filing
that he and other employees of the firm do not hold any interest
adverse to the Debtor.

The firm can be reached through:

     H. Hube Dodd, Esq.
     Dodd Law Firm
     2323 Second Avenue North
     Birmingham, AL 35203
     Phone: +1 205-327-8388

                       About Cantrell Drug

Established in 1952, Cantrell Drug Company --
https://www.cantrelldrug.com/ -- is a privately owned multi-faceted
specialty pharmaceutical company providing sterile and non-sterile
pharmaceutical preparations to meet the needs of patients,
physicians, clinics, and healthcare institutions throughout the
United States.  Cantrell Drug is comprised of two divisions: a
state-based custom compounding division primarily designed to
"bridge the gap" with commercial product drug shortages, and a FDA
registered division known as an "Outsource Human Drug Compounder."

Cantrell Drug Company filed a Chapter 11 petition (Bankr. D. Ark.
Case No. 17-16012) on Nov. 7, 2017.  James L. Mc Carley, Jr., its
CEO, signed the petition.  The case is assigned to Judge Phyllis M.
Jones.  The Debtor is represented by Kevin P. Keech, Esq., at Keech
Law Firm, P.A.  At the time of filing, the Debtor disclosed $15.11
million in assets and $7.46 million in liabilities.


CARL WEBER: Bid For Counsel, Adversary Proceeding Delay Plan Filing
-------------------------------------------------------------------
Carl Weber Green Properties, LLC, asks the U.S. Bankruptcy Court
for the District of New Jersey to extend until July 17, 2018, the
exclusive time period during which the Debtor may file a Chapter 11
plan of reorganization.

A hearing on the Debtor's request is scheduled for June 12, 2018,
at 10:00 a.m.

As of the Petition Date, pursuant to Section 1121(d) of the U.S.
Bankruptcy Code, the Debtor's exclusive filing period to file its
Chapter 11 Plan of Reorganization is set to expire on May 18, 2018.


The Debtor says that extension of the Exclusive Filing Period is
warranted because the Debtor is in the process of preparing a
Chapter 11 Plan of Liquidation.  A delay in preparing and filing
the plan has been caused by the delay in approval of the Debtor's
application to retain counsel and the pending adversary proceeding.
On March 29, 2018, the Court granted, in part, plaintiff's motion
for summary judgment.  As a result of the Court's decision, the
Debtor is developing a plan of reorganization that has not been
finalized.

A copy of the Debtor's request is available at:

         http://bankrupt.com/misc/njb17-29110-86.pdf

              About Carl Weber Green Properties

Carl Weber Green Properties, LLC, was formed on Oct. 9, 2012, as a
real estate holding company, which owns various parcels of real
property located in the State of New Jersey.  It was formed as a
special purpose vehicle to hold and monetize real property assets.
The assets are all real properties obtained through tax lien
foreclosures conducted by members of the Company.

Carl Weber sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Case No. 17-29110) on Sept. 20, 2017.  In the
petition signed by Manager Philip Sivin, the Debtor estimated
assets of $1 million to $10 million and liabilities of less than $1
million.

Giordano, Halleran & Ciesla, P.C., serves as counsel to the Debtor.


CASHMAN EQUIPMENT: Bid for Exclusivity Extension Withdrawn
----------------------------------------------------------
The Hon. Melvin S. Hoffman of the U.S. Bankruptcy Court for the
District of Massachusetts issued a proceeding memorandum stating
that the Motion to Extend the Deadline to File a Plan of
Reorganization and Solicit Acceptances filed by Cashman Equipment
Corp. and its affiliates has been withdrawn.

The Troubled Company Reporter has previously reported that the
Debtors asked the Court to extend the period during which the
Debtors have the exclusive right to file a plan of reorganization
through and including June 30, 2018, and the period during which
the Debtors have the exclusive right to solicit acceptances of
their plan through and including Aug. 30, 2018.

The Debtors told the Court that during the Extension Period, the
Debtor:

      (a) intend to capitalize on improved market conditions to
increase charter revenue, fleet utilization, and, in some
instances, relocate vessels between locales to respond to differing
market demands;

      (b) intend to continue their sales efforts as well as close
the sale of vessels with customers who exercise their options to
purchase under the Purchase Option Charters;

      (c) will need to develop detailed multiyear financial
projections, balance sheets and supporting schedules that will
serve as the baseline of their plan of reorganization;

      (d) intend to review the claims filed in these cases by the
Dec. 22, 2017 bar date and to attempt to resolve disputed claims;
and

      (e) intend to explore the potential for new capital to be
invested into their business upon terms to be reflected in their
plan of reorganization.

The financial projections will include details as to charter and
sale revenues and operating and overhead expenses and, based upon
those projections, tax liabilities in view of the recently enacted
2017 Tax Cut and Jobs Act.

Once the financial projections are finalized, the Debtors intended
to develop term sheets for the re-profiling of the various Lenders'
loans and the repayment terms to unsecured creditors.  These
projections and term sheets will be shared with the Debtors' major
creditor constituencies and will likely be the subject of extensive
review and discussions.  It is expected that discussions will not
be limited to the Lenders and Committee as a group, but also will
also take place with each of the creditor constituents individually
to address their particular questions and concerns.

Following the completion of those discussions, the Debtors
anticipated incorporating into their plan and disclosure statement
treatment of creditor claims that, where possible, addresses all
creditor concerns or that otherwise satisfies the requirements to
obtain plan confirmation.

                  About Cashman Equipment Corp.

Headquartered in Boston, Massachusetts, Cashman Equipment Corp. --
http://4barges.com/-- was founded in 1995 as a barge rental and
marine contracting company with a fleet of 10 barges, 9 of which
were built in the 1950s and 1960s. Cashman Equipment and certain of
its affiliates and subsidiaries own, operate, rent, and sell a
fleet of vessels, including inland and ocean barges, marine
accommodation barges, specialized oil spill recovery barges, and
tugs, as well as marine equipment, such as cranes, accommodation
units, and marine pollution skimmers.

Cashman Equipment and certain of its affiliates and subsidiaries,
Cashman Scrap & Salvage, LLC, Servicio Marina Superior, LLC, Mystic
Adventure Sails, LLC, and Cashman Canada, Inc., filed Chapter 11
petitions (Bankr. D. Mass. Lead Case No. 17-12205) on June 9, 2017.
The petitions were signed by James M. Cashman, the Debtors'
president.  Mr. Cashman also commenced his own Chapter 11 case
(Bankr. D. Mass. Case No. 17-12204).  The cases are jointly
administered.

Cashman Equipment estimated its assets and debt at between $100
million and $500 million.

Judge Melvin S. Hoffman presides over the cases.

Harold B. Murphy, Esq., and Michael K. O'Neil, Esq., at Murphy &
King, Professional Corporation, serve as Cashman Equipment, et
al.'s counsel.  Jeffrey D. Sternklar, Esq., at Jeffrey D. Sternklar
LLC, serves as Mr. Cashman's counsel.

An official committee of unsecured creditors has been appointed in
the case and is represented by Michael J. Fencer, Esq., and John T.
Morrier, Esq., at Casner & Edwards, LLP.


CJ MICHEL: Amends Plan to Address Pending Objection of U.S. Trustee
-------------------------------------------------------------------
CJ Michel Industrial Services, LLC, filed with the U.S. Bankruptcy
Court for the Eastern District of Kentucky a second amendment to
its second amended small business chapter 11 plan with
disclosures.

The Debtor submits the second amendment in order to address the
pending objection of the United States Trustee Office to
confirmation of the Plan.

Appointment of Chief Financial Officers is added to the Plan and
provides that:

     Both the Debtor and the related Kentucky entity with the same
name shall have dual Chief Financial Officers appointed as of the
Effective Date. Thomas Wilkins and Kelli Stinnett, CPA (the
"Proposed CFOs") will serve in this capacity for both companies
effective on the Confirmation Date or as soon as practicable
thereafter. Proposed CFO's currently serve in accounting and
administrative positions with KY entity and both are familiar with
the Plan and requirements thereunder. Proposed CFOs have agreed to
function in this role initially with no increase in compensation;
however, the Proposed CFO's may file for increased compensation
upon Court approval especially if the performance of the Debtor
exceeds projections. The Proposed CFO's shall have joint check
writing authority and implement and oversee payment of Plan
payments and ordinary course business expenses and other standard
CFO duties. On the Confirmation Date or as soon as practicable, Mr.
Michel shall not have authority to write checks and shall be
removed from all checking accounts for both entities. Mr. Michel
shall take not draws or salary from the Debtor absent Court
approval upon changed economic performance of the Debtor. Mr.
Michel shall be allowed a maximum yearly salary from the Kentucky
entity (which is not in bankruptcy) of $1.3 million dollars. Mr.
Michel's compensation from the Kentucky entity shall not be
increased absent Court approval. Any expense reimbursements that
Mr. Michel submits to the Kentucky entity must be reasonable and
directly related to the business. The Proposed CFO's shall serve in
this capacity until the earlier of any of the following events and
this Plan provision shall be binding until the earlier of: (i)
completion of all Plan payments, (ii) Court approval of
termination, (iii) sale of the Kentucky entity to a third party who
is not a relative of Mr. Michel or (iv) voluntary resignation of
employment.

A copy of the Second Amendment to the Second Amended Plan is
available at:

     http://bankrupt.com/misc/kyeb17-51611-174.pdf

              About CJ Michel Industrial Services

CJ Michel Industrial Services, LLC, has provided staffing and
contracting services for customers in the construction and
industrial sector for over 20 years.  Services are not limited to
the electrical trade but include OSHA certified, trade licensed and
fully-insured low-E, data/communications service technicians,
pipefitters, welders, iron workers, riggers, millwrights, concrete
tradesmen, and general tradesmen.

CJ Michel Industrial Services began to experience cash flow issues
after it borrowed money from nontraditional lending sources which
were primarily merchant cash advance lenders.  It has been unable
to reach out-of-court workout agreements with these lenders and
seeks a "breathing spell" to reorganize its business under Chapter
11 of the Bankruptcy Code in order to restructure its debts,
reorganize as a going concern, and maximize value for the benefit
of the creditors of its estate.

CJ Michel Industrial Services, based in Lancaster, Kentucky, filed
a Chapter 11 petition (Bankr. E.D. Ky. Case No. 17-51611) on Aug.
10, 2017.  In its petition, the Debtor estimated $0 to $50,000 in
assets and $1 million to $10 million in liabilities.  The petition
was signed by Clarence J. Michel, Jr., member.  

The Hon. Gregory R. Schaaf presides over the case.  

Jamie L. Harris, Esq., at DelCotto Law Group PLLC, serves as
bankruptcy counsel to the Debtor.

No trustee or examiner has been appointed in the Chapter 11 case,
and no creditors' committee or other official committee has been
appointed.


CLINTON MAHONEY: Martinez Buying LaGrange Property for $320K
------------------------------------------------------------
Clinton J. Mahoney asks the U.S. Bankruptcy Court for the Northern
District of Illinois to authorize the sale of the residential real
property located at 11145 80th Place, LaGrange, Illinois to Melissa
Paige Martinez for $320,000.

A hearing on the Motion is set for May 30, 2018, at 10:00 a.m.

The Debtor's Chapter 11 Schedules (Schedule A) reflect he has an
ownership interest in the Real Property.  The Real Property is
titled in the name of Kari A. Mahoney, as trustee under Trust
Agreement dated Nov. 1, 1992 and known as the Mahoney Trust.  The
Debtor is is the sole beneficiary of the Mahoney Trust.

The Real Property is secured by a first mortgage held by Kari
Blunda as Trustee under Trust Agreement dated May 6, 1996 and known
as the Mahoney & Associates Trust in the approximate amount of
$300,000.  The Debtor is the sole beneficiary of the M&A Trust.

Prior to the filing of the instant case, in 2014, Kari Blunda
resigned as the Trustee of the M&A Trust and the Mahoney Trust and
was succeeded by the Debtor.  This succession resulted in the
Debtor becoming both the Trustee and the sole beneficiary of both
the M&A Trust and the Mahoney Trust.

Based upon the merger doctrine, when the Debtor became both the
Trustee and the sole beneficiary of M&A Trust and the Mahoney
Trust, he became the legal and equitable owner of the assets of
both trusts, which include both the Real Property and the Trust
Mortgage.

The Real Property is also encumbered by a statutory lien held by
the Cook County Treasurer in the approximate amount of $2,653 for
ad valorem property taxes.

On Jan. 5, 2018, the Debtor retained and entered into an Exclusive
Right to Sell Listing Agreement with Maria Ivette Hollendoner and
Keller Williams Preferred Realty, to offer the Real Property for
sale and wherein the Debtor agreed to pay the Real Estate Broker
and cooperating brokers a commission of 5% of the purchase price
upon the sale of the Real Property.  

The Debtor has reached an agreement to sell the Real Property to
the Buyer for $320,000 pursuant to the Multi-Board Residential Real
Estate Contract 6.1.  It asks authority to sell the Real Property
to the Buyer for $320,000 free and clear of any and all liens,
claims and encumbrances.

The Debtor asks authority to pay all reasonable and necessary costs
and expenses of sale, including but not limited to all ad valorem
property taxes with respect to the Real Property, title charges,
normal and customary closing costs and prorations, and real estate
commissions.

The Debtor has sound business justifications for selling the Real
Property to the Buyer.  He has determined that the purchase price
contained in the Sales Contract should be accepted as the Real
Property has been extensively marketed, and the price from the
proposed sale is representative of the fair market value of the
Real Property.  The sale of the Real Property will generate funds
to the estate and the acceptance of the Buyer's offer is in the
best interest of all creditors.

The Debtor asks the Court to shorten the notice requirement of
Bankruptcy Rule 2002 to 20 days, for cause shown; and to waive the
14-day stay of enforcement under the Federal Rules of Bankruptcy
Procedure Rule 6004(h) to allow the enforcement of the Order
immediately upon its entry.

A copy of the Agreement attached to the Motion is available for
free at:

    http://bankrupt.com/misc/Clinton_Mahoney_53_Sales.pdf

Counsel for the Debtor:

          Gregory K. Stern, Esq.
          Monica C. O'Brien, Esq.
          Dennis E. Quaid, Esq.
          Rachel S. Sandler, Esq.
          GREGORY K. STERN, P.C.
          53 West Jackson Boulevard
          Suite 1442
          Chicago, IL 60604
          Telephone: (312) 427-1558
          E-mail: gstern1@flash.net

Clinton J. Mahoney sought Chapter 11 protection (Bankr. N.D. Ill.
Case No. 16-38099) on Dec. 27, 2017.  The Debtor tapped Gregory K
Stern, Esq., at Gregory K Stern, P.C. as counsel.  On Jan. 23,
2018, the Court appointed Maria Ivette Hollendoner and Keller
Williams Preferred Realty as the Real Estate Broker.


COCHRAN BROTHERS: Files Amendment to Proposed Plan Outline
----------------------------------------------------------
Cochran Brothers Electric Co., Inc., Cochran Holdings, Inc., and
BS&K Holding submit an amendment to their disclosure statement
concerning their plan of reorganization filed on March 9, 2018.

The disclosure statement is amended to substitute the attached
revised Exhibits "B" and "C" which reflect an amended proof of
claim filed by the Internal Revenue Service and payments to be made
by Debtors pursuant to the Settlement Agreement with SummitBridge
National Investments IV LLC.

A copy of the Amendment is available for free at:

     http://bankrupt.com/misc/ganb14-22059-216.pdf

                     About Cochran Brothers

Cochran Brothers Electric Co., Inc., Cochran Holdings, Inc., and
BS&K Property Holding, LLC, based in Gainesville, Ga., filed a
Chapter 11 petition (Bankr. N.D. Ga. Lead Case No. 14-22059) on
September 1, 2014.  John A. Christy, Esq., at Schreeder, Wheeler &
Flint, LLP, serves as bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Boyd
Stanley Cochran, president.

A list of Cochran Brothers's 19 largest unsecured creditors is
available for free at http://bankrupt.com/misc/ganb14-22059.pdf


COEUR MINING: Moody's Alters Outlook to Pos. & Affirms B1 CFR
-------------------------------------------------------------
Moody's Investors Service changed Coeur Mining, Inc.'s outlook to
positive from stable and affirmed the B1 Corporate Family Rating
(CFR), the B1-PD Probability of Default rating, and the B1 senior
unsecured notes rating. The Speculative Grade Liquidity rating is
affirmed at SGL-2.

The positive outlook reflects the acquisition of the Silvertip mine
and the expected growth in production, scale and earnings as well
as the improved geopolitical risk profile of the company, following
the sale of San Bartolome in Bolivia. "Both these developments have
led to a stronger operating footprint that will reduce costs as
well as improve Coeur's operational diversity and ability to
perform better at lower price points", says Carol Cowan, Senior
Vice President. The outlook also anticipates the company's free
cash flow generation capability as well as the company's stated
financial objective, which indicates a focus on deleveraging in
2019-2022.

Downgrades:

Outlook Actions:

Issuer: Coeur Mining, Inc.

Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Coeur Mining, Inc.

Probability of Default Rating, Affirmed B1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-2

Corporate Family Rating, Affirmed B1

Senior Unsecured Regular Bond/Debenture, Affirmed B1 (LGD4)

RATINGS RATIONALE

Coeur's B1 CFR reflects its modest scale and exposure to volatility
in pricing for gold, silver, lead and zinc. However, the improving
operating and cost profile and relatively stable geopolitical risk
profile, following the sale of the San Bartolome mine, located in
Bolivia are considerations in the rating. The acquisition of the
Silvertip mine in October 2017, is viewed as positive, given its
anticipated contribution in terms of production, earnings and the
overall favorable impact on the cost structure of the company.
Expected to begin production in 2018, Silvertip is expected to
contribute an annual EBITDA of $70 million, based on the silver
price assumption of $17.5/oz and an annual production capacity of
10 million silver-equivalent ounces.

The rating also considers the stronger operating assets within its
portfolio and better ability to operate more profitably at lower
price points. The acquisition also improves the diversity of the
operations, that were previously concentrated at the Palmarejo
mining complex in Mexico (38% of 2017 revenues). The Palmarejo
complex, which includes the Gualdalupe and Independencia mines
ramped up production in 2017 and contributed strong earnings
despite lower recovery rates.

EBITDA strengthened in 2017 on the higher production levels and
lower costs despite average realizations for gold and silver being
lower than 2016. This, together with the net overall debt reduction
undertaken following the equity issuance in 2016 and funding of the
Silvertip acquisition contributed to leverage as measured by the
adjusted debt/EBITDA ratio of 2.4x, which is appropriate given the
small scale. Moody's expects EBITDA to grow on increased production
particularly from the Silvertip mine. Leverage is anticipated to
remain between 2x and 2.4x over the next 12-18 months with
improvement weighted more towards the back end of the time frame as
Silvertip production ramps up over 2018.

The rating is constrained by the variability in earnings driven by
prices and recovery rates of metals produced.

The B1 rating on the senior unsecured notes, at the same level as
the CFR, is weakly positioned and reflects an override based upon
the strengthening in the overall credit profile, strong collateral
coverage, and expectation for debt reduction.

The SGL-2 Speculative Grade Liquidity reflects on the company's
good liquidity position, with cash position of $160 million and
revolver availability of $73 million as of March 31, 2018. Moody's
expects the company to be free cash flow positive in 2018, as the
Silvertip mine ramps up and contributes to cash flow generation.
Capital expenditure is expected to remain high at $140 million in
2018 however partial funding through capital leases will eliminate
some pressure although cause some leverage increase. The company
has no near-term debt maturities.

The rating could be upgraded if the company demonstrates sustained
improvement in earnings and cash flow generation leading to
absolute debt reduction. Also the ability to operate Silvertip mine
at the desired production and cost levels will be an important
consideration. Quantitatively, maintaining adjusted debt/EBITDA of
below 2.0x will create positive momentum in the rating.

Negative pressure on the rating could develop if the company
experiences any significant issues related to the anticipated
production and cost levels at the Silvertip mine or any material
disruptions in operations that result in weaker than expected
operating performance, or negative free cash generation. Ratings
could be downgraded if liquidity were to deteriorate and/or
Debt/EBITDA, as adjusted, was sustained above 3x and interest
coverage falls below 1.5x.

The principal methodology used in these ratings was Mining Industry
published in April 2018.

Coeur Mining, Inc. is a mid-tier silver and gold producer whose
producing properties include the Kensington gold mine in Alaska,
Rochester silver and gold mine in Nevada, Palmarejo silver and gold
complex in Mexico, the Wharf gold mine in South Dakota and the
Silvertip mine, silver-zinc-lead mine in Canada. The company also
has additional assets in Mexico. The company generated $687.3
million of revenue in the twelve months ending March 31, 2018.


COLLEGE PARK: Sale of Maryland Property to Fund Plan
----------------------------------------------------
College Park Investments, LLC, filed a disclosure statement in
support of a plan of reorganization, which provides for the sale of
the Debtor's principal assets.

Pursuant to the Plan, the Debtor will use commercially reasonable
efforts to market and sell the Columbia, Maryland Property with six
months following the Effective Date of the Plan. In the event, the
Debtor is unsuccessful in these efforts, the Property will either
be auctioned off and sold or, if this does not occur within 60
days, the Senior Lender has the right to proceed with a judicial
sale of the Property.

The net proceeds of sale of the Property, after the payment of
closing costs associated with the sale, will be distributed first
to secured creditors in accordance with the priority of their liens
on the Property, then pro rata to priority unsecured creditors,
then pro rata to non-insider general unsecured creditors, and then
pro rata to insider unsecured creditors.

The Plan will be funded by the proceeds of the sale of the
Property, together with Available Cash from the operations of the
Debtor's business prior to the closing on the sale.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/mdb17-22678-79.pdf

              About College Park Investments

College Park Investments, LLC and its affiliate Stein Properties,
Inc., own and lease real properties.  College Park's principal
assets are located at 7302 Yale Avenue College Park, Maryland.
Stein Properties owns a real property at 10840 Little Patuxent
Parkway Columbia, Maryland.

College Park and Stein Properties sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Md. Case Nos. 17-22678 and
17-22680) on September 22, 2017.  Bruce S. Jaffe, its manager,
signed the petitions.

At the time of the filing, College Park disclosed that it had
estimated assets and liabilities of $1 million to $10 million.
Stein Properties estimated $1 million to $10 million in assets and
$10 million to $50 million in liabilities.


COMMUNITY HEALTH: Extends Early Tender Deadline of Exchange Offer
-----------------------------------------------------------------
Community Health Systems, Inc.'s wholly owned subsidiary,
CHS/Community Health Systems, Inc. has amended certain terms of its
previously commenced offers to exchange (i) up to $1,925 million
aggregate principal amount of its new 9.875% Junior-Priority
Secured Notes due 2023 in exchange for any and all of its $1,925
million aggregate principal amount of outstanding 8.000% Senior
Unsecured Notes due 2019, (ii) up to $1,200 million aggregate
principal amount of its new 8.125% Junior-Priority Secured Notes
due 2024 in exchange for any and all of its $1,200 million
aggregate principal amount of outstanding 7.125% Senior Unsecured
Notes due 2020 and (iii) to the extent that less than all of the
outstanding 2019 Notes and 2020 Notes are tendered in the Exchange
Offers, up to an aggregate principal amount of 2024 Notes equal to,
when taken together with the New Notes issued in exchange for the
validly tendered and accepted 2019 Notes and 2020 Notes, $3,125
million, in exchange for its outstanding 6.875% Senior Unsecured
Notes due 2022.  The maximum aggregate principal amount of New
Notes issued in the Exchange Offers will not exceed $3,125
million.

The amendment to the Exchange Offers extends the "Early Tender
Deadline" for each Exchange Offer.  All other terms, conditions and
applicable dates of the Exchange Offers remain unchanged.

The Issuer was advised by the exchange agent for the Exchange
Offers that, as of 5:00 p.m., New York City time, on May 22, 2018,
a total of (i) $1,541,748,000 aggregate principal amount of
outstanding 2019 Notes, representing approximately 80% of the
outstanding 2019 Notes, (ii) $957,790,000 aggregate principal
amount of outstanding 2020 Notes, representing approximately 80% of
the outstanding 2020 Notes, and (iii) $2,825,991,000 aggregate
principal amount of outstanding 2022 Notes, representing
approximately 94% of the outstanding 2022 Notes, were validly
tendered (and not validly withdrawn) in the Exchange Offers.
Because the aggregate principal amount of Old Notes validly
tendered as of 5:00 p.m., New York City time, on May 22, 2018
would, if accepted for exchange, cause the Maximum Exchange Amount
to be exceeded, pursuant to the terms of the Exchange Offer,
tenders of 2022 Notes accepted for exchange will be subject to
proration.

The deadline for tendering Old Notes in order to receive the total
consideration of (i) $1,000 principal amount of 2023 Notes per
$1,000 principal amount of 2019 Notes tendered and accepted for
exchange, (ii) $1,000 principal amount of 2024 Notes per $1,000
principal amount of 2020 Notes tendered and accepted for exchange
and (iii) $750 principal amount of 2024 Notes per $1,000 principal
amount of 2022 Notes tendered and accepted for exchange has been
further extended from 5:00 p.m., New York City time, on Tuesday,
May 22, 2018 to 5:00 p.m., New York City time, on Thursday,
May 24, 2018.  The tender withdrawal deadline has passed.
Accordingly, tenders of Old Notes may no longer be withdrawn.

The Exchange Offers remain subject to the conditions set forth in
the Offering Memorandum, dated May 4, 2018 and related Letter of
Transmittal, dated May 4, 2018, including the condition that at
least 90% of the outstanding aggregate principal amount of the 2019
Notes are tendered in the Exchange Offers.  As of 5:00 p.m., New
York City time, on May 22, 2018, the Minimum Tender Amount
Condition has not been satisfied.  The Issuer reserves the right,
subject to applicable law, to terminate, withdraw or amend each
Exchange Offer at any time and from time to time, as described in
the Offering Memorandum.

Pursuant to the terms of the exchange agreement between the Issuer
and certain institutional investors that are holders of Old Notes,
any amendment or waiver of the Minimum Tender Amount Condition
requires prior written consent of such holders and there can be no
assurance such amendment or waiver will be granted.

Each series of New Notes will be guaranteed by the Company and
certain of its existing and future domestic subsidiaries that
guarantee the Issuer's outstanding senior secured credit
facilities, ABL facility and senior notes.  In addition, each
series of New Notes and related guarantees will be secured by (i)
second-priority liens on the collateral that secures on a
first-priority basis the Issuer's outstanding senior secured credit
facilities (subject to certain exceptions) and existing secured
notes and (ii) third-priority liens on the collateral that secures
on a first-priority basis the Issuer’s outstanding ABL facility,
in each case subject to permitted liens described in the Offering
Memorandum.

The New Notes have not been registered under the Securities Act of
1933, as amended or any state securities laws.  The New Notes may
not be offered or sold in the United States or to any U.S. persons
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act.
The Exchange Offers are being made, and each series of New Notes
are being offered and issued only (i) in the United States to
holders of Old Notes who the Issuer reasonably believes are
"qualified institutional buyers" (as defined in Rule 144A under the
Securities Act) and (ii) outside the United States to holders of
Old Notes who are (A) persons other than U.S. persons, within the
meaning of Regulation S under the Securities Act, and (B) "non-U.S.
qualified offerees" (as defined in the Offering Memorandum).

The complete terms and conditions of the Exchange Offers are set
forth in the Offering Memorandum and related Letter of Transmittal.
Copies of the Offering Memorandum and Letter of Transmittal may be
obtained from Global Bondholder Services Corporation, the exchange
agent and information agent for the Exchange Offers, at (866)
470-3800 (toll free) or (212) 430-3774 (collect).

                      About Community Health

Community Health -- http://www.chs.net/-- is a publicly-traded
hospital company in the United States and an operator of general
acute care hospitals and outpatient facilities in communities
across the country.  Community Health was originally founded in
1986 and was reincorporated in 1996 as a Delaware corporation.  The
Company provides healthcare services through the hospitals that it
owns and operates and affiliated businesses in non-urban and
selected urban markets throughout the United States.  As of Dec.
31, 2017, the Company owned or leased 125 hospitals included in
continuing operations, with an aggregate of 20,850 licensed beds,
comprised of 123 general acute care hospitals and two stand-alone
rehabilitation or psychiatric hospitals.  Community Health is
headquartered in Franklin, Tennessee.

Community Health reported a net loss of $2.39 billion on $15.35
billion of net operating revenues for the year ended Dec. 31, 2017,
compared to a net loss of $1.62 billion on $18.43 billion of net
operating revenues for the year ended Dec. 31, 2016.  As of March
31, 2018, Community Health had $17.31 billion in total assets,
$17.48 billion in total liabilities, $523 million in redeemable
non-controlling interests in equity of consolidated subsidiaries
and a total stockholders' deficit of $701 million.

                           *    *    *

In May 2018, S&P Global Ratings lowered its corporate credit rating
on Brentwood, Tenn.-based hospital operator Community Health
Systems to 'CCC-' from 'CCC+' and placed the rating on CreditWatch
with negative implications.

As reported by the TCR on May 10, 2018, Fitch Ratings had
downgraded Community Health Systems' (CHS) Issuer Default Rating
(IDR) to 'C' from 'CCC' following the company's announcement of an
offer to exchange three series of senior unsecured notes due 2019,
2020 and 2022.  The rating action results from Fitch viewing the
transaction as a distressed debt exchange (DDE).


CONCORDIA INTERNATIONAL: Files Materials About Special Meeting
--------------------------------------------------------------
Concordia International Corp. filed materials with the Securities
and Exchange Commission on May 23, 2018, relating to: (i) a meeting
of holders of certain secured debt; (ii) a meeting of holders of
certain unsecured debt; and (iii) an annual general and special
meeting of shareholders of the Corporation.  The Corporation also
attached these exhibits:

Exhibit 99.1: Form of Proxy for the Annual General and Special
              Meeting of Shareholders of Concordia International
              Corp.

              https://is.gd/3CG1ZT

Exhibit 99.2: Voting Instruction Forms for the Annual General and
              Special Meeting of Shareholders of Concordia
              International Corp.

              https://is.gd/12O12l

Exhibit 99.3: Letter of Transmittal for Registered Holders of
              Common Shares of Concordia International Corp.

              https://is.gd/31oRmf

Exhibit 99.4: Ballot-Proxy Form for the Meeting of Secured
              Debtholders.

              https://is.gd/2tWrZb

Exhibit 99.5: Ballot-Proxy Form for the Meeting of Unsecured
              Debtholders.

              https://is.gd/lJz7BJ

                         About Concordia

Based in Ontario, Canada, Concordia -- http://www.concordiarx.com/
-- is an international specialty pharmaceutical company with a
diversified portfolio of more than 200 patented and off-patent
products, and sales in more than 90 countries.  Going forward, the
Company is focused on becoming a leader in European specialty,
off-patent medicines.  Concordia operates out of facilities in
Oakville, Ontario and, through its subsidiaries, operates out of
facilities in Bridgetown, Barbados; London, England and Mumbai,
India.

Concordia reported a net loss of US$1.59 billion for the year ended
Dec. 31, 2017, compared to a net loss of US$1.31 billion for the
year ended Dec. 31, 2016.  As of March 31, 2018, Concordia had
US$2.32 billion in total assets, US$4.30 billion in total
liabilities and a total shareholders' deficit of US$1.97 billion.

                           *    *    *

Moody's Investors Service downgraded the Corporate Family Rating of
Concordia to 'Ca' from 'Caa3'.  "Concordia's Ca Corporate Family
Rating reflects its very high financial leverage, ongoing operating
headwinds, and imminent risk of a debt restructuring.  Moody's
estimates adjusted debt/EBITDA will exceed 9.0x over the next 12
months as earnings decline on a year over year basis," as reported
by the TCR on Oct. 27, 2017.

In October 2017, S&P Global Ratings lowered its corporate credit
rating on Concordia to 'SD' from 'CCC-' and removed the rating from
CreditWatch, where it was placed with negative implications on
Sept. 18, 2017.  "The downgrade follows Concordia International's
announcement that it failed to make the Oct. 16, 2016, interest
payment on the 7% senior unsecured notes due 2023.  Given our view
of the company's debt level as unsustainable, and ongoing
restructuring discussions, we do not expect the company to make a
payment within the grace period."


CRYSTAL ENTERPRISES: 49% Recovery for Unsecureds Under New Plan
---------------------------------------------------------------
Crystal Enterprises, Inc., filed with the U.S. Bankruptcy Court for
the District of Maryland its fifth amended disclosure statement in
support of its third amended plan of reorganization dated April 4,
2018.

Class 3 claims, consisting of all general unsecured Allowed Claims,
will each receive a pro rata percentage that will begin on the
effective date of the plan. For the first five years of the
plan,$404,490.60 or 25% of the total allowed unsecured claims. The
last two years of the plan, $383,262.20 or 24% of the total allowed
unsecured claims. Class 3 will receive approximately $787,752.80,
or 49% of the total unsecured debts, of $1,594,231.21. This class
is impaired.

The Debtor is a prime vendor providing staffing, food and facility
maintenance services to the United States Department of Defense.
The firm is currently managing military dining facilities for the
United States Air Force, United States Department of Transportation
and The United States Department of the Army. Additionally, Crystal
Enterprises, Inc. maintains a robust pipeline of opportunities as a
Prime Contractor, as part of a Team and/or Joint Venture with other
successful firms. The Plan will be funded by continued work,
maintenance, and other performance of the Contracts.

Currently, the Debtor is actively bidding on and is under
consideration for 17 federal contract solicitations. The United
States Small Business Administration continues to afford Debtor
Crystal Enterprises, Inc. an SBA 8M designation. Under this
program, Debtor remains a preferred vendor with priority access to
large lucrative government contracts. Crystal Enterprises currently
maintains six lucrative contracts.

The Troubled Company Reporter previously reported that unsecured
creditors holding allowed claims will receive distributions, which
the proponent of the Plan has valued at approximately fifteen cents
($0.15) on the dollar.  The Plan also provides for the payment of
administrative and priority claims.

A full-text copy of the Fifth Amended Disclosure Statement is
available at:

            http://bankrupt.com/misc/mdb16-22565-307.pdf

                   About Crystal Enterprises

Crystal Enterprises, Inc. is in the business of operating a food
service company and is located in Glenn Dale, Maryland.

Crystal Enterprises filed a Chapter 11 petition (Bankr. D. Md. Case
No. 16-22565), on Sept. 19, 2016.  The petition was signed by
Sandra Thurman Custis, president.  The case is assigned to Judge
Wendelin I. Lipp.  At the time of filing, the Debtor disclosed
total assets of $114,844 and total liabilities of $3.36 million.

The Debtor is represented by Rowena Nicole Nelson, Esq., at the Law
Office of Rowena N. Nelson, LLC.

No trustee, examiner or official committees has been appointed.


DPW HOLDINGS: Coolisys Completes Acquisition of Enertec
-------------------------------------------------------
DPW Holdings, Inc., said that one of its subsidiaries, Coolisys
Technologies, Inc., a technology-centric company dedicated to
servicing the defense and aerospace sectors as well as industrial
and medical sector businesses worldwide, has completed the
acquisition of Enertec Systems 2001 Ltd.  Enertec, a 22 year-old
private company engaged in the development and manufacturing of
specialized electronic systems for the aerospace and defense
markets, generated over $8 million in annual revenue for its fiscal
year ended Dec. 31, 2017.

Enertec is recognized for providing multi-purpose turnkey systems
designed to serve in harsh environments and battlefield conditions.
Applications and products include mission computers, missiles
launchers, command and control systems, automatic testing systems
and power supply systems.  Products and solutions are implemented
in land and naval combat electronic systems, command and control
centers, simulators and missiles systems.  Enertec also provides
precise calibrated solutions for medical OEMs.  The acquisition of
Enertec expands Coolisys' advanced technology development as well
as its manufacturing footprint and increases Coolisys' capabilities
with the addition of over 70 skilled employees, most of whom are
engineers with proven military experience. Enertec was a subsidiary
of Micronet Enertec Technologies, Inc., an entity until recently
listed on the Nasdaq Capital Market.

Commenting on the transaction, Coolisys' President and CEO Amos
Kohn stated, "The purchase of Enertec marks a major step in
continuing to execute our acquisition growth strategy in 2018.  We
are very pleased that, through this strategic acquisition, we will
realize an increase in our sales revenues, an expansion of our
customer base, and Coolisys will benefit from Enertec's innovative
technology.  Additionally, Coolisys will increase its technological
and manufacturing capabilities, thereby positioning itself as an
advanced aerospace and defense technology supplier for major
strategic defense programs.  Further, Enertec may provide
synergistic opportunities that Coolisys may leverage through its
worldwide divisions and affiliated entities.  We strongly believe
that the acquisition of Enertec will also invigorate Coolisys'
endeavors in the growing medical and commercial electronics sectors
in both international and domestic markets."  Mr. Kohn added,
"Coolisys, with Enertec's assistance, will target the U.S.
Department of Defense's Foreign Military Sales (FMS) and Military
Financing (FMF) programs as well as expand its sales by offering
its new product and services portfolios to other global defense
markets such as India, members of NATO, other countries and
agencies."

Coolisys paid to the seller $4,772,520 in cash and assumed
$4,288,439 revolving debt of Enertec to certain banks. Concurrently
with the closing of the transaction, Coolisys made certain cash
payments to reduce the revolving credit lines to Enertec from
certain banks and to support Enertec's longer-term manufacturing
contracts.

                      About DPW Holdings

Headquartered in Fremont, California, DPW Holdings, Inc.,  formerly
known as Digital Power Corp. -- http://www.DPWHoldings.com/-- is a
diversified holding company that, through its wholly owned
subsidiary, Coolisys Technologies, Inc., is dedicated to providing
technology-based solutions where innovation is the main driver for
mission-critical applications and lifesaving services.  Coolisys'
growth strategy targets core markets that are characterized by
"high barriers to entry" and include specialized products and
services not likely to be commoditized.  Coolisys through its
portfolio companies develops and manufactures cutting-edge resonant
switching power topologies, specialized complex high-frequency
radio frequency (RF) and microwave detector-log video amplifiers,
very high-frequency filters and naval power conversion and
distribution equipment.  Coolisys services the defense, aerospace,
medical and industrial sectors and manages four entities including
Digital Power Corporation, www.DigiPwr.com, a leading manufacturer
based in Northern California, 1-877-634-0982; Digital Power Limited
dba Gresham Power Ltd., www.GreshamPower.com, a manufacturer based
in Salisbury, UK.; Microphase Corporation, www.MicroPhase.com with
its headquarters in Shelton, CT 1- 203-866-8000; and Power-Plus
Technical Distributors, www.Power-Plus.com, a wholesale distributor
based in Sonora, CA 1-800-963-0066.  Coolisys operates the branded
division, Super Crypto Power, www.SuperCryptoPower.com.

DPW Holdings incurred a net loss of $10.89 million in 2017
following a net loss of $1.12 million in 2016.  As of March 31,
2018, DPW Holdings had $38.49 million in total assets, $16.66
million in total liabilities and $21.83 million in total
stockholders' equity.

The report from the Company's independent accounting firm Marcum
LLP, in New York, on the consolidated financial statements for the
year ended Dec. 31, 2017, includes an explanatory paragraph stating
that the Company has a significant working capital deficiency, has
incurred significant losses and needs to raise additional funds to
meet its obligations and sustain its operations.  These conditions
raise substantial doubt about the Company's ability to continue as
a going concern.


EARL GAUDIO: July 11 Plan Confirmation Hearing Set
--------------------------------------------------
Judge Mary P. Gorman of the U.S. Bankruptcy Court for the Central
District of Illinois will convene a hearing on July 11, 2018, at
10:30 a.m., to consider final approval of the First Amended
Disclosure Statement and for the hearing on confirmation of the
First Amended Chapter 11 Plan of Liquidation of Earl Gaudio & Son,
Inc.

A First Amended Disclosure Statement was filed by the Debtor on May
11 following the Debtor's notification to the Court that it entered
into a settlement with the Official Committee of Unsecured
Creditors and the Small Business Administration on the adversary
proceeding against SBA, the U.S. Trustee's motion to appoint a
trustee or examiner, and the motion to convert.

The Debtor, the Committee, and the UST have reached an agreement
that will resolve all of the outstanding matters as to those
parties, including a consensual first amended plan and first
amended disclosure statement.  The Committee and UST have agreed
that they will support confirmation of the First Amended Plan, and
will support approval of the First Amended Disclosure Statement.

In addition, the Committee and the UST will withdraw and will not
pursue their existing objections (whether submitted in writing or
orally), or assert any further objections, to
any fee applications of the Debtor's professionals.  The Debtor has
agreed that it will pursue a
claim objection related to Claim 47-1 in consultation with the
Committee.  The Committee and
the UST also support this motion.

Class E - General Unsecured Claims, approximately between
$1,960,295.00 and $2,668,471.00, will recover between approximately
15.3% and 11.2%.

A full-text copy of the Amended Disclosure Statement is available
at:

         http://bankrupt.com/misc/ilcb13-90942-774.pdf

A full-text copy of the Original Disclosure Statement is available
at:

         http://bankrupt.com/misc/ilcb13-90942-755.pdf

                About Earl Gaudio & Son, Inc.

Earl Gaudio & Son, Inc., filed a Chapter 11 petition (Bankr. C.D.
Ill. Case No. 13-90942) on July 19, 2013.  The petition was signed
by Angela E. Major Hart, as authorized signer of First Midwest
Bank, custodian.  Judge Gerald D. Fines presides over the case.

The Debtor disclosed $11,849,187 in assets and $8,489,291 in
liabilities as of the Chapter 11 filing.  John David Burke, Esq.,
and Ben T. Caughey, Esq., at Ice Miller, LLP, serve as the Debtor's
counsel.

The U.S. Trustee appointed five creditors to serve in the Official
Committee of Unsecured Creditors.  The Committee retained Evans,
Forehlich, Beth & Chamley as its local counsel, and Rubin & Levin,
P.C., as its counsel.


EDDIE BAUER: Said to Explore Merger with Pacific Sunwear
--------------------------------------------------------
Eddie Bauer and Pacific Sunwear of California are exploring a
merger to consolidate their store footprint and weather a prolonged
downturn in the U.S. brick-and-mortar retail sector, people
familiar with the matter said, according to a Reuters report.  In a
merger, the companies could whittle down their store counts from
their current total of nearly 700 together, the sources said.

Eddie Bauer and Pacific Sunwear are controlled by private equity
firm Golden Gate Capital.  According to the report, the sources
said Golden Gate Capital has not yet decided whether to combine the
two companies and its plans for the retailers could still change.
The sources asked not to be identified because the deliberations
are confidential.

                        About Eddie Bauer

Eddie Bauer -- http://www.eddiebauer.com/-- is a specialty
retailer that sells outerwear, apparel and accessories for the
active outdoor lifestyle.  Eddie Bauer participates in a joint
venture in Japan and has licensing agreements across a variety of
product categories.

Eddie Bauer, founded in Bellevue, Wash., in 1920, was acquired by
General Mills Inc. in 1971 and then sold to catalog retailer
Spiegel Inc. in 1988.  Eddie Bauer Inc. emerged from Spiegel's 2003
Chapter 11 case as a separate, reorganized entity under the control
and ownership of Eddie Bauer Holdings, Inc.

Eddie Bauer Holdings, Inc. (now known as EBHI Holdings, Inc.) and
eight affiliates filed for bankruptcy (Bankr. D. Del. Lead Case No.
09-12099) on June 17, 2009.  Judge Mary F. Walrath presided over
the case.   Lawyers at Latham & Watkins LLP and Young Conaway
Stargatt & Taylor LLP, served as the Debtors' counsel.  The Debtors
hired Alvarez and Marsal North America LLC as restructuring
advisors; Peter J. Solomon Company as financial advisors; and
Kurtzman Carson Consultants LLC as claims and notice agent.  As of
April 4, 2009, Eddie Bauer had $525,224,000 in total assets and
$448,907,000 in total liabilities.

Eddie Bauer Canada, Inc., and Eddie Bauer Customer Services filed
for protection from their creditors in Canada on June 17, 2009, the
same day the U.S. Debtors filed for Chapter 11 protection.  RSM
Richter Inc. was appointed as monitor in the Canadian proceedings.

On Aug. 4, 2009, Golden Gate Capital closed a deal to acquire Eddie
Bauer Holdings for $286 million.  Golden Gate will maintain the
substantial majority of Eddie Bauer's stores and employees in a
newly formed going concern company.  Golden Gate beat an affiliate
of CCMP Capital Advisors, LLC, at the auction.  The CCMP unit's
$202 million cash offer served as stalking horse bid.

The Troubled Company Reporter, on Feb. 17, 2014, reported that Jos.
A. Bank Clothiers Inc. said it agreed to buy retailer Eddie Bauer
for $825 million in cash and stock.

In 2017, Eddie Bauer hired investment banks last year to explore
strategic alternatives, including a potential sale, according to a
Reuters report.   Moody's Investors Service has said the retailer
is at risk of not keeping up with fashion changes, according to the
Reuters report.   Eddie Bauer has a $218 million term loan and a
$200 million revolving credit line, the report adds.

                About Pacific Sunwear of California

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc., operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006.  It has retail locations nationwide
under the names "Pacific Sunwear" and "PacSun," which stores are
principally in mall locations, and operates an e-commerce site at
http://www.pacsun.com/

Pacific Sunwear of California, Inc., and two affiliated debtors
each filed a voluntary petition for relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-10882) on
April 7, 2016.  The cases are pending before the Honorable Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.  The Company had 593 stores at
the time of the bankruptcy filing.  The Debtors tapped Young
Conaway Stargatt & Taylor, LLP, and Klee, Tuchin, Bogdanoff & Stern
LLP as attorneys; FTI Consulting, Inc., as financial advisor;
Guggenheim Securities, LLC, as investment banker; Prime Clerk LLC
as claims and noticing agent; and Deloitte Financial Advisory
Services LLP as accounting advisor.

Andrew Vara, acting U.S. trustee for Region 3, on April 19, 2016,
appointed seven creditors of Pacific Sunwear of California to serve
on the official committee of unsecured creditors.  The Committee
retained Cooley LLP and Bayard, P.A., as counsel; and Province
Inc., as its financial advisor.

                           *     *     *

On Sept. 6, 2016, the Bankruptcy Court entered an order confirming
the Revised Joint Plan of Reorganization of Pacific Sunwear and its
Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code.
The Plan was declared effective on Sept. 7, 2016, and the Debtors
emerged from the Chapter 11 Cases.  Pursuant to the Plan, Golden
Gate Capital converted more than 65% of its term loan debt into the
equity of the reorganized Company and provided a minimum of $20
million in additional capital to the reorganized Company to support
PacSun's long-term growth objectives.  The debt-for-equity swap
reduced the Company's secured debt by $88 million.  Wells Fargo
provided a five-year $100 million revolving line of credit, subject
to certain conditions.


EDKEY INC: S&P Cuts 3 Bond Tranches Rating to BB- on Weak Liquidity
-------------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB-' from 'BB'
on the Pima County Industrial Development Authority, Ariz.'s series
2013, 2014A, and 2016 education facility revenue and refunding
bonds issued on behalf of multiple separate limited liability
companies (LLCs), of which the sole member of each is Edkey Inc.
(Charter School Operator). The outlook is stable.

"The lowered rating reflects our opinion of the full-accrual
operating deficit posted in fiscal 2017, which fell below
management's projection and was the largest deficit seen in the
last five years," said S&P Global Ratings credit analyst Ying
Huang. "It also reflects our view of Edkey's weak liquidity
position, which has been below average compared to the 'BB' and
'BB-' rating level medians in the last five years and deteriorated
further in fiscal 2017."

S&P said, "We note that the maximum annual debt service (MADS)
coverage and liquidity ratios as of fiscal 2017 failed to meet
management's expectations as well.

"We assessed Edkey's enterprise profile as adequate, characterized
by a sizable enrollment base with a historical growing trend,
offset by the recent enrollment decline in fall 2017 and below
state-average academic performance. We assessed Edkey's financial
profile as vulnerable, with a large operating revenue base, offset
by negative full-accrual operating results in the last six years.
This assessment also reflects our view of the below-average MADS
coverage and liquidity ratios for the rating level. We believe
that, combined, these credit factors lead to an indicative
stand-alone credit profile of 'bb'. In our opinion, the 'BB-'
rating on Edkey's bonds better reflects the risks associated with
the school's very low unrestricted reserves as well as the risks
associated with its highly leveraged balance sheet contributing to
a negative unrestricted net asset position.

"The stable outlook reflects our expectation of improved
full-accrual financial operations in fiscals 2018 and 2019. We also
expect incremental growth in Edkey's liquidity position as its
operations improve. However, given Edkey's historical operating
deficits and weak liquidity for the rating category, we will
closely monitor its operating performance and liquidity position
during the outlook period.

"We could lower the rating in the outlook period if demand
continues to weaken and pressure operating performance, or if
operating performance and liquidity fail to improve and meet or
exceed management's projections.

"Given this downgrade and Edkey's weak liquidity level and negative
operating performance, a positive rating change in the one-year
outlook period is unlikely. However, beyond the outlook period, we
would view favorably sustained enrollment growth, improved
operating performance that is balanced on a full-accrual basis, and
an improvement in MADS coverage and days'-cash-on-hand ratios to
levels commensurate with the medians of a higher rating level."

Edkey's outstanding debt totaled $93.5 million as of June 30, 2017.


EP ENERGY: Extends Maturity of RBL Credit Facility to 2021
----------------------------------------------------------
EP Energy LLC, a wholly-owned subsidiary of EP Energy Corporation,
entered into the Eighth Amendment to Credit Agreement and Amendment
to Collateral Agreement in connection with the previously announced
amendment of its senior secured reserve-based loan facility to
extend the maturity date of the RBL Facility to November 23, 2021.
In addition to the maturity extension, the RBL Amendment also
provides, among other things, for the following modifications:

   (i) the amount of total commitments under the RBL Facility is
       reduced to $629.4 million;

  (ii) the financial covenant is modified to provide that EP
       Energy will not permit (x) its consolidated first lien net
       debt to EBITDAX ratio to be greater than 2.25 to 1.00 and
       (y) its current ratio to be less than 1.00 to 1.00, in each
       case tested on a quarterly basis;

(iii) the basket for liens on non-borrowing base properties
       and/or junior liens on collateral is reduced to $500
       million;

  (iv) the liquidity based investment basket is modified to
       provide that investments pursuant to this basket will be
       permitted if liquidity is not less than 10% of the lesser
       of the total commitments and the borrowing base and, if EP
       Energy's consolidated total net debt to EBITDAX ratio
       is not less than or equal to 5.00 to 1.00 on a pro forma
       basis at any time, investments pursuant to this basket will
       be capped at $250 million

   (v) the liquidity based restricted payments basket is modified
       to provide that restricted payments pursuant to this basket
       will be permitted if the liquidity condition is satisfied
       and if EP Energy's total leverage ratio is less than or
       equal to 4.00 to 1.00 on a pro forma basis;

  (vi) the applicable equity amount based restricted payments
       basket is modified to provide that, if EP Energy's total
       leverage ratio is not less than or equal to 4.00 to 1.00 on
       a pro forma basis at any time, EP Energy will not be
       permitted to make restricted payments pursuant to this
       basket utilizing any portion of the applicable equity
       amount that accrued on or prior to May 2, 2016;

(vii) the liquidity based debt buyback basket is modified to
       provide that debt buybacks pursuant to this basket will be
       permitted if the liquidity condition is satisfied and, if
       EP Energy's total leverage ratio is not less than or equal
       to 4.50 to 1.00 on a pro forma basis at any time, the
       amount of debt buybacks pursuant to this basket will be
       capped at $350 million (subject to certain builders and
       exceptions), (viii) the applicable equity amount based debt

       buyback basket is modified to provide that if EP Energy's
       total leverage ratio is less than or equal to 4.50 to 1.00
       on a pro forma basis, debt buybacks will be permitted using
       available applicable equity amount; and

  (ix) the applicable credit parties are required to enter into
       control agreements with the RBL Agent with respect to their
       deposit accounts, securities accounts and commodities
       accounts (subject to certain exceptions).

The conditions to the effectiveness of the RBL Amendment was
satisfied on May 23, 2018 and EP Energy used a portion of the net
cash proceeds from the Notes Offering to repay amounts outstanding
under the RBL Facility.

In connection with the RBL Amendment, the borrowing base under the
RBL Facility was reaffirmed at $1.36 billion.  This reaffirmation
constitutes the scheduled April 2018 redetermination of the
borrowing base.  The next scheduled redetermination of the
borrowing base will be on or around Oct. 31, 2018.

              Indenture and Senior Secured Notes due 2026

General

On May 23, 2018, EP Energy and its wholly-owned subsidiary, Everest
Acquisition Finance Inc., as co-issuer, successfully completed the
offering of $1,000.0 million aggregate principal amount of 7.750%
Senior Secured Notes due 2026.  The Notes were offered and sold to
qualified institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended, and to persons outside of the
United States in compliance with Regulation S under the Securities
Act.  The Notes have not been registered under the Securities Act
or any state securities laws and may not be offered or sold in the
United States absent an effective registration statement or an
applicable exemption from registration requirements or a
transaction not subject to the registration requirements of the
Securities Act or any state securities laws.

The Notes were issued pursuant to an Indenture, dated as of the
Closing Date, among the Issuers, the Guarantors (as defined below)
and Wilmington Trust, National Association, as trustee and notes
collateral agent.  The Issuers' obligations under the Notes and the
Indenture are fully and unconditionally guaranteed by each of EP
Energy's wholly-owned domestic restricted subsidiaries that
guarantees the RBL Facility.  The Notes and the related guarantees
are senior secured obligations of the Issuers and the Guarantors.

EP Energy used the net proceeds from the Notes to repay outstanding
borrowings under the RBL Facility, for general corporate purposes
and to pay related fees and expenses.

Maturity and Interest Payments

The Notes will mature on May 15, 2026.  Interest on the Notes will
accrue at 7.750% per annum and will be paid semi-annually, in
arrears, on May 15 and November 15 of each year, beginning
Nov. 15, 2018.

Redemption

On or after May 15, 2021, the Issuers may redeem the Notes at their
option, in whole at any time or in part from time to time, at the
redemption prices set forth in the Indenture plus accrued and
unpaid interest, if any, to, but excluding, the redemption date.
In addition, prior to May 15, 2021, the Issuers may redeem the
Notes at their option, in whole at any time or in part from time to
time, at a redemption price equal to 100% of the principal amount
of the Notes redeemed, plus a "make-whole" premium and accrued and
unpaid interest, if any, to, but excluding, the redemption date.
Notwithstanding the foregoing, at any time and from time to time on
or prior to May 15, 2021, the Issuers may redeem in the aggregate
up to 40% of the original aggregate principal amount of the Notes
(calculated after giving effect to any issuance of additional
notes) in an aggregate amount equal to the net cash proceeds of one
or more equity offerings at a redemption price equal to 107.750%,
plus accrued and unpaid interest, if any, to, but excluding, the
redemption date, so long as at least 50% of the original aggregate
principal amount of the Notes (calculated after giving effect to
any issuance of additional notes) remains outstanding after each
such redemption.

Certain Covenants

The Indenture contains covenants that limit the Issuers' and their
restricted subsidiaries' ability to, among other things:  (i) incur
or guarantee additional indebtedness or issue certain preferred
shares; (ii) make dividend payments on or make other distributions
in respect of its capital stock or make other restricted payments;
(iii) make certain investments; (iv) sell certain assets; (v)
create liens on assets to secure debt; (vi) consolidate, merge,
sell or otherwise dispose of all or substantially all of their
assets; and (vii) enter into certain transactions with its
affiliates.  These covenants are subject to a number of important
limitations and exceptions.  Additionally, upon the occurrence of
specified change of control events, the Issuers must offer to
repurchase the Notes at 101% of the principal amount, plus accrued
and unpaid interest, if any, to, but not including, the purchase
date.  The Indenture also provides for events of default, which, if
any of them occurs, would permit or require the principal, premium,
if any, interest and any other monetary obligations on all the then
outstanding Notes to be due and payable immediately.

Collateral Agreement

On the Closing Date, the Issuers, the Guarantors and the Notes
Agent entered into a Collateral Agreement, dated and effective as
of May 23, 2018.

Pursuant to the Collateral Agreement, the Issuers and the
Guarantors pledged all of the collateral that secures the
borrowings under the RBL Facility, other than the Non-RBL Priority
Collateral and the capital stock of EP Energy, to secure their
obligations under the Notes.

Pledge Agreement

On the Closing Date, the Issuers, the Guarantors and the Notes
Agent entered into a Pledge Agreement, dated and effective as of
May 23, 2018.

Pursuant to the Pledge Agreement, the Notes are secured by the
capital stock of first-tier foreign subsidiaries that are owned by
the Issuers or any Guarantor.  As of the Closing Date, the Issuers
and the Guarantors did not own any Non-RBL Priority Collateral.

Senior Priority Lien Intercreditor Agreement

On the Closing Date, JPMorgan Chase Bank, N.A., as RBL facility
agent and applicable first lien agent, and the Notes Agent, as
notes facility agent and applicable second lien agent, EP Energy
and the subsidiaries of EP Energy party thereto entered into an
intercreditor agreement.  The Senior Priority Lien Intercreditor
Agreement governs the relative rights of the secured parties under
the RBL Facility and the Notes in respect of the Issuers' and
Guarantors' assets securing the Issuers' obligations under the RBL
Facility and the Notes and certain other matters relating to the
administration and enforcement of security interests.  Pursuant to
the terms of the Senior Priority Lien Intercreditor Agreement,
until the occurrence of certain events described in the Senior
Priority Lien Intercreditor Agreement, the RBL Agent controls
substantially all matters related to the collateral securing the
Notes.

Joinder to Additional Priority Lien Intercreditor Agreement

On the Closing Date, the Notes Agent, as an other first-priority
lien obligations agent, entered into a joinder agreement to the
Additional Priority Lien Intercreditor Agreement, dated as of Nov.
29, 2016, among the RBL Agent, as applicable first lien agent, and
Wilmington Trust, National Association, as notes facility agent and
applicable second lien agent, EP energy and the subsidiaries of EP
Energy party thereto.

Pursuant to the Joinder to the Additional Priority Lien
Intercreditor Agreement, the Notes Agent became a party to and
agreed to be bound by the terms of the Additional Priority Lien
Intercreditor Agreement as an other first-priority lien obligations
agent, as if it had originally been party to the Additional
Priority Lien Intercreditor Agreement as such.  The Additional
Priority Lien Intercreditor Agreement governs the relative
priorities of the respective security interests in the Issuers' and
Guarantors' assets securing (i) the RBL Facility and the Notes, on
the one hand, and (ii) the 8.00% Senior Secured Notes due 2024
issued pursuant to the indenture, dated as of
Nov. 29, 2016 (as amended, restated, supplemented or otherwise
modified from time to time), by and among the Issuers, the
Guarantors and Wilmington Trust, National Association, as trustee,
on the other hand.

Joinder to the Priority Lien Intercreditor Agreement

On the Closing Date, the Notes Agent, as an other first-priority
lien obligations agent, entered into a joinder agreement to the
Priority Lien Intercreditor Agreement, dated as of Aug. 24, 2016
and supplemented on Nov. 29, 2016, Feb. 6, 2017 and Jan. 3, 2018,
among the RBL Agent, as applicable first lien agent, Wilmington
Trust, National Association, as term facility agent, applicable
second lien agent and an other first-priority lien obligations
agent, EP Energy and the subsidiaries of EP Energy party thereto.

Pursuant to the Joinder to the Priority Lien Intercreditor
Agreement, the Notes Agent became a party to and agreed to be bound
by the terms of the Priority Lien Intercreditor Agreement as an
other first-priority lien obligations agent, as if it had
originally been party to the Priority Lien Intercreditor Agreement
as such.  The Priority Lien Intercreditor Agreement governs the
relative priorities of the respective security interests in the
Issuers' and Guarantors' assets securing (i) the RBL Facility, the
2024 Priority Secured Notes and the Notes, on the one hand, and
(ii) the 8.00% Senior Secured Notes due 2025 issued pursuant to the
indenture, dated as of Feb. 6, 2017, by and among the Issuers, the
Subsidiary Guarantors party thereto and Wilmington Trust, National
Association, as trustee, and the 9.375% Senior Secured Notes due
2024 issued pursuant to the indenture, dated as of
Jan. 3, 2018 (as amended, restated, supplemented or otherwise
modified from time to time), by and among the Issuers, the
Guarantors and Wilmington Trust, National Association, as trustee,
on the other hand.

Joinder to the Senior Lien Intercreditor Agreement

On Closing Date, the Notes Agent, as an other first-priority lien
obligations agent, entered into a joinder agreement to the Amended
and Restated Senior Lien Intercreditor Agreement, dated as of Aug.
24, 2016 and supplemented on Nov. 29, 2016, Feb. 7, 2017 and Jan.
3, 2018, among the RBL Agent, as applicable first lien agent,
Wilmington Trust, National Association, as an other first-priority
lien obligations agent, the Second Lien Term Facility Agent, as
applicable second lien agent, EP Energy and the subsidiaries of EP
Energy party thereto.

Pursuant to the Joinder to the Senior Lien Intercreditor Agreement,
the Notes Agent became a party to and agreed to be bound by the
terms of the Senior Lien Intercreditor Agreement as an other
first-priority lien obligations agent, as if it had originally been
party to Senior Lien Intercreditor Agreement as such.  The Senior
Lien Intercreditor Agreement governs the relative priorities of the
respective security interests in the Issuers' and Guarantors'
assets securing (i) the RBL Facility, 2024 Priority Secured Notes,
the 2025 Secured Notes, the 2024 Secured Notes and the Notes, on
the one hand, and (ii) the term loans incurred under the Term Loan
Agreement, dated as of April 24, 2012 (as amended, restated,
supplemented or otherwise modified from time to time), by and among
EP Energy, as the borrower, the lenders party thereto and
Wilmington Savings Fund Society, FSB (as successor to Citibank,
N.A.), as administrative agent and collateral agent, on the other
hand.

                     About EP Energy LLC

EP Energy LLC, a wholly-owned subsidiary of EP Energy Corporation
-- http://www.epenergy.com/-- is an independent exploration and
production company engaged in the acquisition and development of
unconventional onshore oil and natural gas properties in the United
States.  The Company operates through a diverse base of producing
assets and are focused on providing returns through the development
of its drilling inventory located in three areas: the Permian basin
in West Texas, the Eagle Ford Shale in South Texas, and the
Altamont Field in the Uinta basin in Northeastern Utah.  The
Company is headquartered in Houston, Texas.

EP Energy LLC incurred a net loss of $203 million for the year
ended Dec. 31, 2017, compared to a net loss of $21 million for the
year ended Dec. 31, 2016.  As of Dec. 31, 2017, EP Energy had $4.89
billion in total assets, $4.50 billion in total current and
non-current liabilities and $383 million in member's equity.

                           *    *    *

In January 2018, S&P Global Ratings raised its corporate credit
rating on Houston-based exploration and production (E&P) company EP
Energy LLC to 'CCC+' from 'SD' (selective default).  The outlook is
negative.  "The upgrade
reflects the announcement that EP has completed exchanges of its
unsecured debt, which we considered to be distressed, for 1.5-lien
secured debt due 2024.  The rating incorporates the new capital
structure, which reflects the minimal reduction of the company's
debt as a result of the exchanges," S&P said.

EP Energy LLC carries a 'Caal' Corporate Family Rating from Moody's
Investors Service.


ERIC H. CARLSON: Creditors Seek Appointment of Ch. 11 Trustee
-------------------------------------------------------------
Creditors, Susan and Frank Marobella request the U.S. Bankruptcy
Court for the District of Massachusetts for the appointment of a
Trustee for the bankruptcy estate of Eric H. Carlson and Joan F.
Carlson.

The Marobellas submit that there is cause for the appointment of a
Trustee because the Debtors have engaged in fraud, dishonesty,
incompetence and gross mismanagement of the affairs of the Debtors
prior to the commencement of this case.

The Marobellas relate that in 1927, President Calvin Coolidge
appointed Henry Herrick Bond as Assistant Secretary of the Treasury
to serve under the Secretary of the Treasury, Andrew Mellon. On
August 28, 1929, Bond was presented with a leather bound gift for
his service to the Treasury consisting of Specimens of The New
Paper Currency which were being introduced as the new paper
currency for the United States. This leather bound gift was
inherited by his granddaughter, the creditor Susan Marobella and
became joint property with her husband, Frank Marobella.

On or about June 14, 2014, the Marobellas signed a bailment
agreement with the Debtor Eric Carlson to have the specimens valued
and eventually sold. Carlson estimated that the value was between
$500,000 and $1,000,000. Marobellas, both in their 70's,
anticipated that they would use the proceeds of sale to fund their
retirement.

In or about July 2016, Carlson verbally informed the Marobellas
that the highest price he could obtain for the collection was
$330,000. He was verbally authorized to sell the collection.
However, from that point forward, communication with the Marobellas
ceased.

The Marobellas contend that Carlson failed to disclose that he had
actually sold the collection, failed to provide a purchase
agreement, failed to provide the terms of sale, failed to provide
any evidence of an actual sale, and most importantly, Carlson
failed to pay the Marobellas the purchase price for the collection.
The Marobellas believe that Carlson took their money and either
gambled it away or used it to pay other debts.

As a result of an investigation being conducted by the Police
Department for the Town of Wayland, MA (where the Marobellas
reside), the Marobellas recently learned that the collection was
sold to an entity called RARCOA out of Willowbrook, IL for the
price of $360,000. Of said amount, $140,000 was paid as advance on
August 22, 2016; $150,000 was paid on February 24, 2017; $65,000
was paid on August 1, 2017, and a $5,000 credit payment was made on
August 8, 2018. The payments were made by wire transfer to
Carlson's account at Citizen's Bank.

Despite three separate wire transfers of funds, the Marobellas were
not informed at all of the sale or of the payments being made. No
proceeds were given to the Marobellas. On December 12, 2017,
Carlson filed the instant bankruptcy case, still without providing
any accounting of the proceeds from the sale of the collection. As
a result, the Marobellas continue to work and cannot retire due to
Carlson's conduct and actions.  

The Marobellas tell the Court that this factual pattern is
consistent with the factual allegations being made by another
creditor who has filed an Adversary Complaint, Eric Nimee v. Eric H
Carlson, Adversary Case No. 18-01026.

Additionally, at his 341 Creditors Meeting and in his statement of
financial affairs, Eric Carlson has admitted to a gambling
addiction and has admitted that he used the Marobellas' to pay
other obligations.

Lexington Coin, the Carlson's business, continues to operate and
the Marobellas believe that it has numerous safes as it deals
substantially in gold coins and other currency, which can easily be
hidden, moved or transferred.

Thus, the Marobellas assert that a Trustee is needed to inventory,
appraise and value the assets of the business, and ensure that the
assets of the business are not being gambled away. The Marobellas
further assert that a Trustee is needed to ensure that bailments
are being honored and protections are in place to keep the assets
of the business available for distribution to the creditors of the
estate.

The Marobellas further assert that Eric Carlson cannot be trusted
to operate his business due to his gambling addiction and lies. He
has stolen the Marobellas' retirement and should not be permitted
to control the assets of his business. Nothing he says can be
accepted at face value without independent third-party
verification.

The Marobellas' are represented by:

            David M. Rosen, Esq.
            Rosen Legal, LLC
            303 Wyman Street, Suite 300
            Waltham, MA 02451
            Direct: 781-577-6572
            Email: David@DavidRosenLegal.com

Eric H. Carlson and Joan F. Carlson filed a Chapter 11 petition
(Bankr. D. Mass. Case No. 17-14625) on December 12, 2017. They are
represented by John O. Desmond, Esq.


EYEPOINT PHARMACEUTICALS: Leases Add'l 6,590 Square Feet in Mass.
-----------------------------------------------------------------
EyePoint Pharmaceuticals, Inc., has entered into a second amendment
to its lease, dated Nov. 1, 2013, as amended, with Whetstone
Riverworks Holdings, LLC (as successor-in-interest to Farley White
Aetna Mills, LLC).  The Lease was initially for approximately
13,650 square feet of rentable area of the building located at 480
Pleasant Street, Watertown, MA 02472 and was set to expire in April
2019.

Under the Second Amendment, the Company will lease an additional
6,590 square feet of rentable area on the Premises, commencing on
the earliest of (a) the date on which the Company occupies the
Additional Space and begins conducting business, (b) the date on
which the work being conducted on the Additional Space is
substantially completed, and (c) the date on which the work being
conducted on the Additional Space would have been substantially
completed but for a delay caused by the Company, in each case, as
described more fully in the Second Amendment.  The Landlord has
agreed to provide the Company a construction allowance of up to
$670,750 to be applied toward the aggregate work to be conducted on
the Total Space.

The Second Amendment also extended the term of the Lease, which
will now expire 80 calendar months after the Additional Space
Effective Time; provided, however, that the base rent for the Total
Space will be abated during the first four months following the
Additional Space Effective Time.  The Company also has an option to
extend the term of the Lease for one additional five-year period.

Under the terms of the Second Amendment, and based upon the 20,240
square feet of rentable area, the aggregate base rent due over the
remaining term of the Lease is approximately $5.1 million net of
the rent abatement period.  The Company will also be required to
pay its proportionate share of certain operating costs and property
taxes applicable to the leased premises.

                   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 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.

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.


FARGO TRUCKING: Has Until July 5 to File Plan of Reorganization
---------------------------------------------------------------
The Hon. Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California, at the behest of Fargo Trucking Company,
Inc., has extended the expiration date of Debtor's exclusive period
to file a Plan from May 5, 2018 to July 5, 2018.

The Troubled Company Reporter has previously reported that the
Debtor asked the Court to extend Exclusive Plan Filing Period
hoping to emerge from bankruptcy by confirming a plan of
liquidation or reorganization.  In order to file a plan and
disclosure statement, the Debtor claimed that enough time needs to
pass to:

     (a) allow the Debtor to work with the Official Committee of
Unsecured Creditors, judgment holders, the California Department of
Labor Standards Enforcement, Office of the Labor Commissioner, and
the Joe Murez Exempt Trust (the "Landlord") to resolve any concerns
they have as to the settlement motion,

     (b) allow the Debtor sufficient time to resolve the fraudulent
conveyance claims through the settlement motion which will provide
funds with which the Debtor can fund a plan,

     (c) allow the Debtor sufficient time to resolve the claims
filed against it,

     (d) allow the Debtor sufficient time to assess profitability
and provide projections supporting feasibility of any proposed
plan, and

     (e) allow the Debtor time to engage in settlement negotiations
with the Committee regarding a joint plan.

Due to these issues, the Debtor will be unable to file a plan and
disclosure statement before the expiration of the exclusivity
period of May 5, 2018.  While the Debtor is unsure when it will be
able to file a plan and disclosure statement, the Debtor believed
that a 60-day extension of the exclusivity period will allow the
Debtor to continue to work with the Committee and other parties to
resolve their objections to the Settlement Motion, negotiate a
reorganization, and start the process to resolve the claims filed
against it.

Furthermore, the Debtor asserted that this period is short enough
that creditors and the Committee can have assurance that the Debtor
will continue diligently on the path of reorganization.
Additionally, the Settlement Motion has been continued to June 19,
2018 and no party will be able to file a plan before the Settlement
is resolved.  

                   About Fargo Trucking Company

Fargo Trucking Company, Inc., is Compton, California-based company
that provides trucking services.

Fargo Trucking sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 17-23714) on Nov. 6, 2017.  In the
petition signed by CEO Robert Wallace, the Debtor estimated assets
of less than $500,000 and liabilities of $1 million to $10
million.

Judge Neil W. Bason presides over the case.

David R. Haberbush, Esq., Vanessa M. Haberbush, Esq., and Lane K.
Bogard, Esq., at Haberbush & Associates, LLP, serve as the Debtor's
bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the Debtor's case.  The Committee retained
Levene, Neale, Bender, Yoo & Brill LLP, as its legal counsel.


FORTRESS INVESTMENT: Fitch Cuts LT IDR to BB, Outlook Stable
------------------------------------------------------------
Fitch Ratings has downgraded the long-term Issuer Default Rating
(IDR) of Fortress Investment Group LLC and its related entities
(collectively Fortress) to 'BB' from 'BB+'. Fitch has also affirmed
Fortress' short-term IDRs at 'B'. The Rating Outlook is Stable.

KEY RATING DRIVERS

IDRS AND SENIOR DEBT

The ratings downgrade is driven by higher than previously-assumed
leverage both at 1Q18 and on a projected basis over the Rating
Outlook Horizon.

On May 16, 2017, Fortress' ratings were downgraded to 'BB+' from
'BBB-' following Fortress' acquisition by SoftBank Group Corp.
(SBG), and the resultant increase in leverage associated with the
issuance of $1.4 billion of five-year secured debt to fund the
transaction. At that time, Fitch believed leverage would decline to
below 6.0x over the Rating Outlook Horizon, driven by FEBITDA
margin expansion and debt principal reductions from a mandatory
cash flow sweep.

However, based on Fitch's updated assumptions with respect to
Fortress' FEBITDA generation and margin rate, leverage was
estimated to be 8.1x on a TTM basis through March 31, 2018 and may
be challenged to get below 6.0x by the end of 2018. Fitch currently
assumes a 35% FEBITDA margin for Fortress, consistent with the
company's historical margins excluding the traditional investment
management business, Logan Circle, which was sold in September
2017.

For covenant purposes, the cash flow leverage ratio gives credit to
balance sheet cash (resulting in a net debt figure in the
numerator) and realized incentive income (increasing the
denominator). Fitch estimates that the covenant calculation on the
secured term facility may not require free cash flow sweep payments
beyond 2018. Therefore, longer-term reductions in leverage will be
highly dependent upon voluntary debt prepayments and growth in the
company's FAUM.

The firm's liquidity profile was considered solid at March 31,
2018, with $477.3 million of balance sheet cash, although given the
Fortress' recent ownership change, it is not yet clear how much
available cash will be used for debt reductions, opportunistic
acquisitions, or distributions to the parent.

Fortress' ratings remain supported by its established position as a
global alternative investment manager, experienced management team,
stable cash flow generation, reduced management fee exposure to net
asset value, moderate and declining balance sheet co-investments,
and a solid liquidity profile.

Ratings remain constrained by limited revenue diversity relative to
more highly rated peers, investment concentrations within its
private equity fund and vehicles, historical underperformance in
certain funds and business segments and a primarily secured funding
profile. Ratings are also constrained by 'key man' risk, which is
institutionalized throughout many limited partnership agreements,
reputational risk, which can impact the company's ability to raise
future funds and strategic uncertainty associated with Fortress'
new owner, SBG.

The Stable Rating Outlook reflects Fitch's expectations for
deleveraging and sufficient management fee generation over the
Outlook horizon, given continued fund raising and an increase in
permanent capital FAUM.

RATING SENSITIVITIES

IDRS AND SENIOR DEBT

Negative rating pressure could be driven by an inability to reduce
leverage below 6.0x over the Rating Outlook horizon, as a result of
limited debt paydowns and/or a reduction in management fees
resulting from significant realization activity or material
declines in asset values. Deterioration in the credit profile of
SBG combined with inadequate limitations on SBG's ability to
extract liquidity from Fortress to the detriment of its debt
holders, could also pressure Fortress' ratings.

Positive rating momentum could result from leverage approaching or
below 4.0x, continued FAUM growth, increased revenue diversity,
increased funding flexibility through access to unsecured debt
and/or more diversified funding sources, and maintenance of solid
liquidity levels.

The secured debt ratings are equalized with Fortress' IDR and
therefore, would be expected to move in tandem with any changes to
Fortress' IDR.

Fortress, a Delaware incorporated limited liability company, is a
global alternative investment manager specializing in private
equity, credit funds, permanent capital vehicles and hedge funds.
As of March 31, 2018, reported assets under management totaled
$40.9 billion.

Fitch has downgraded the following ratings:

Fortress Investment Group LLC
  --Long-term IDR to 'BB' from 'BB+'.

FIG LLC
Fortress Operating Entity I L.P.
  --Long-term IDRs to 'BB' from 'BB+';
  --Unsecured debt to 'BB' from 'BB+'.

FinCo I LLC
  --Long-term IDRs to 'BB' from 'BB+';
  --Secured debt to 'BB' from 'BB+'.

Fitch has affirmed the following ratings:

Fortress Investment Group LLC
  --Short-term IDR at 'B'.

FIG LLC
Fortress Operating Entity I L.P.
  --Short-term IDRs at 'B'.

FinCo I LLC
  --Short-Term IDR at 'B'.

The Rating Outlook is Stable.


FREEPORT-MCMORAN INC: Fitch Affirms BB+ IDR, Outlook Negative
-------------------------------------------------------------
Fitch Ratings has affirmed Freeport-McMoRan Inc.'s (FCX) Issuer
Default Rating (IDR) at 'BB+'. The Rating Outlook is Negative.

The ratings reflect Freeport-McMoRan Inc.'s high-quality assets,
offset by expectations that FFO-adjusted leverage could be
sustained around 3.0x. The Negative Outlook reflects the
possibility that Indonesian regulations change to adversely impact
the economics of Grasberg's operations.

KEY RATING DRIVERS

Competitive Cost Profile: The company's assets are large-scale,
long-lived mines with competitive costs in North and South America,
and low first-quartile costs in Indonesia. FCX scaled back
development since the commodities slump, except for the Cerro Verde
expansion completed in 2016 and underground development at
Grasberg. FCX has several brownfield development opportunities to
pursue if the company believes copper prices would justify
investment.

Indonesia Exports/New Regulation: PT Freeport Indonesia's (PT-FI)
exports were suspended from Jan. 13, 2017 through April 21, 2017,
prior to obtaining an export license. The government of Indonesia
implemented new regulations in 2017, requiring conversion from a
Contract of Work to a special operating license (known as an IUPK),
commitment to completion of smelter construction in five years, and
divestment of a majority interest to Indonesian participants at
fair market value, exclusive of the value of reserves.

Negotiations Underway: Pursuant to a Memorandum of Understanding
between PT-FI and the government of Indonesia dated March 31, 2017,
PT-FI was granted a temporary IUPK. The IUPK was to allow exports
while negotiations proceed concerning a longer-term IUPK, to be
accompanied with an investment stability agreement to support the
long-term investment of PT-FI, which provides the same level of
legal and fiscal certainty as enumerated in its Contract of Work
dated Dec. 30, 1991 (COW).

On Aug. 29, 2017, FCX announced that FCX and the government of
Indonesia reached an understanding of a framework for investing and
operating in the long term. In connection with retaining stability,
operating management and governance through 2041, FCX has agreed to
the divestment of 51% of the project area interests to Indonesian
participants, at fair market value. Key items that remain under
negotiation are the timing and process of FCX's divestment.

On Jan. 25, 2018, FCX announced that the government of Indonesia
extended the temporary IUPK to June 30, 2018, and subsequently
granted an extension of the export license to Feb. 15, 2019. Since
late 2017, FCX has been engaged in discussions with PT Indonesia
Asahan (Inalum), an Indonesian state-owned enterprise, and PT-FI's
joint venture partner (a subsidiary of Rio Tinto plc) regarding a
consortium, to be led by Inalum, acquiring interests that would
meet the divestment objective in a manner satisfactory to all
parties, and in a structure that would provide for continuity of
FCX's management of PT-FI's operations and governance of the
business. The goal of all parties is to complete negotiations and
the required documentation as soon as possible. PT-FI has reserved
all rights under its COW until a definitive agreement is reached.

While the current path of negotiations would have FCX selling 9-10%
of PT-FI to meet the divestment requirement, Fitch believes
FFO-adjusted leverage would be sustained below 3.3x even if FCX's
share of the Grasberg asset fell to 29.4% in 2022 based on the
current cost structure and an assumed $3.5 billion valuation for
40% interest in the Grasberg asset.

New Environmental Decrees: For more than twenty years, PT-FI has
used a river system to transport tailings from the highlands into a
containment area in the lowlands with governmental approval and
with no unanticipated impacts. The agreement required PT-FI to
retain 50% of tailings on land over the life of the mine. In April
2018, Indonesia's Ministry of Environment and Forestry issued
decrees requiring that 95% of tailings be retained on land with
suspended solid standards that are lower than natural sediment
standards through the river system. PT-FI is in discussions with
the ministry regarding the strictures that would be imposed by
these decrees, which the company believes are contrary to the
Indonesian government's obligations under the COW. FCX states that
resolution of these matters is required for concluding a
comprehensive agreement for PT-FI's extended operations.

Lone Star Project Advancing: The project utilizes infrastructure at
Safford mine (in Arizona) and is expected to cost $850 million. FCX
began prestripping in first-quarter 2018 with first copper expected
by year-end 2020. Annual production is expected to average 200
million pounds of copper per year and the mine life is estimated at
20 years. Estimated cash costs are $1.75/lb.

De-leveraging: FCX's FFO-adjusted net leverage was 1.6x at March
31, 2018 but could raise to 3.6x by year-end 2019 as the open pit
operations wind down and while the underground operations ramp-up.
In addition to the scheduled maturities in the first quarter,, FCX
has repaid about $550 million in debt.

Exposure to Copper: Copper accounted for 74% of consolidated
revenues in 2017. Fitch estimates a $0.10/pound change in the price
of copper would change EBITDA by $380 million and operating cash
flow by $170 million in 2018. Average realized copper prices were
$2.93/lb. in 2017, compared with average realized prices of
$3.11/lb. for the first quarter of 2018 and Fitch's assumptions of
$3.04/lb. in 2018 and 2019 and $3.18/lb. in the longer term.

DERIVATION SUMMARY

FCX's closest operational peer is Grupo Mexico S.A.B. de C.V.
(GMEX; BBB+/Stable), given the spread of its copper assets,
although Fitch notes GMEX also has rail assets. FCX is less
profitable than GMEX and is expected to have toppy leverage in 2019
as underground mining at Grasberg ramps-up, but would generally
have a financial profile consistent with GMEX until 2021. Depending
on the structure of the divestiture of the majority stake in
Grasberg to Indonesian nationals, leverage could be more consistent
with 'BB+' metrics from 2022. FCX's financial profile through 2021
is broadly in line with 'BBB-' -rated peers Anglo American Plc,
Kinross Gold Corp. and Yamana Gold Inc.

KEY ASSUMPTIONS

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

  -- Copper production at 3.8 billion pounds in 2018, 3.3 billion
pounds in 2019 and 3.7 billion pound in 2020.

  -- Unit site cost at $1.70/lb. on average.

  -- Fitch's commodity price assumptions: gold at $1,200/oz.; LME
spot copper at $6,700/tonne in 2018 and 2019, and $6,800/tonne in
2020.

  -- Debt repaid on schedule.

  -- Annual capex at $2.1 billion on average.

  -- No change in dividend policy.

  -- Required divestment of Grasberg interests before the end of
2021 at fair market value and PT-FI retains operational control.

RATING SENSITIVITIES

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

  --Attaining a stability agreement in Indonesia substantially
consistent with the COW.

  --Expectation of FFO-adjusted leverage below 3.3x on a sustained
basis.

  --Expectation of total debt/EBITDA below 2.8x on a sustained
basis.

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

  --Failure to maintain approval to export concentrate on
reasonable terms from Indonesia.

   --FFO-adjusted leverage staying above 3.7x on a sustained
basis.

  --Expectation of total debt/EBITDA above 3.2x.

  --Expectations of negative FCF on average.

LIQUIDITY

Robust Liquidity: Fitch expects at least $1.6 billion in FCF
generation for 2018. Cash on hand was $3.7 billion and
$3.5 billion was available under the revolving credit facility
(scant utilization for LOCs) at March 31, 2017.

The revolver matures in April 2023. Financial covenants under the
revolver include a maximum net debt/EBITDA ratio of 3.75x and a
minimum interest coverage ratio of 2.25x. Fitch does not anticipate
a breach.

Fitch expects cash on hand to be used to repay obligations at
maturity and generally accumulate while the company is in
negotiations with the government of Indonesia.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Freeport-McMoRan Inc.
  --IDR at 'BB+';
   --$3.5 billion unsecured bank revolver at 'BB+/RR4';
--Senior unsecured notes at 'BB+/RR4'.

Freeport Minerals Corporation
  --$115 million 7.125% senior unsecured debentures due 2027 at
'BBB-';
  --$107.4 million 9.50% senior unsecured notes due 2031 at 'BBB-';

  --$123.5 million 6.125% senior unsecured notes due 2034 at
'BBB-'.

The Rating Outlook is Negative.


GEM HOSPITALITY: Taps Keen-Summit as Real Estate Advisor
--------------------------------------------------------
GEM Hospitality, LLC, seeks approval from the U.S. Bankruptcy Court
for the Central District of Illinois to hire Keen-Summit Capital
Partners, LLC as its real estate advisor.

The firm will conduct a value assessment of the real estate and
operations of the company and its affiliates, and will assist them
in marketing their assets.  

The Debtors have already received a non-binding letter of intent to
purchase their assets for $42 million from a party interested in
acting as a stalking horse bidder.

Under the terms of their employment agreement, the Debtors and
Keen-Summit have agreed to two fee structures depending on the form
of transaction pursued.  The firm will be paid these fees if no
party executes a stalking horse agreement under similar terms as
the letter of intent:

(1) For the review of documents and the creation of marketing
strategy, on the effective date, Keen-Summit will be paid a
non-refundable advisory and consulting fee of $50,000.  This fee
will be fully set off against any transaction fees earned.
Keen-Summit has also agreed that in the event INDURE Build-to-Core
Fund credit bids and closes a transaction for the assets, the
firm's fee will be limited to the advisory fee.

(2) At the closing of a transaction, Keen-Summit will be paid a fee
equal to 2.5% for the first $34 million; plus 3.5% for the portion
of the sale price greater than $34 million up to $36 million; plus
4.5% for the portion of sales price greater than $36 million up to
$38 million; plus 5% for the portion of the sales price exceeding
$38 million.

In the event the Debtors enter into an agreement with a party to
act as a stalking horse purchaser, the Debtors and Keen-Summit have
agreed to this fee structure:

(1) Keen-Summit will be paid an advisory fee of $125,000 for the
review of documents and the creation of marketing strategy.  This
fee will be fully set off against any transaction fees earned.

(2) At the closing of a transaction, Keen-Summit will be paid a fee
equal to 17.5% of the portion of the purchase price over the
initial stalking horse contract amount up to a purchase price of
$50 million; plus 5% of the purchase price in excess of $50
million.

Matthew Bordwin, managing director of Keen-Summit, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Keen-Summit can be reached through:

     Matthew Bordwin
     Keen-Summit Capital Partners, LLC
     1 Huntington Quadrangle, Suite 2C04
     New York, NY 11747
     Phone: (646) 381-9222
     Email: info@keen-summit.com

                      About GEM Hospitality

GEM Hospitality, LLC, and its affiliates are privately-held
companies in Peoria, Illinois, engaged in activities related to
real estate.  GEM is owned by Gary Matthews and his partners.  Mr.
Matthews is the developer of the Marriott Pere Marquette and
adjoining Courtyard by Marriott.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Ill. Lead Case No. 18-80361) on March 17, 2018.
The petition was signed by Jeffrey T. Varsalone, the Debtors' chief
restructuring officer.  Mr. Varsalone is managing director of CBIZ
MHM, LLC.

The Debtors estimated assets and liabilities of $50 million to $100
million.

Judge Thomas L. Perkins presides over the cases.  

Jonathan P. Friedland, Esq., at Sugar Felsenthal Grais & Helsinger
LLP, serves as counsel to GEM.

No official committee of unsecured creditors has been appointed.


GHURKA HOLDINGS: Gordon Brothers to Hold Auction on June 13
-----------------------------------------------------------
Gordon Brothers Brands, LLC, a secured lender, will conduct,
through its agent, Hilco Streambank, a sale and disposition of the
intellectual property including trademarks, copyrights, domain
names, customer data, social media assets and goodwill of Ghurka
Brands Holdings LLC, Sasco Hill Brands LLC, Ghurka Brands LLC and
Ursa Minor BV and Ghurka Brands Holdings LLC's equity interest in
Ursa Minor.

Gordon Brothers has a first priority security interest in the
property.  The total amount due to Gordon Brothers is about $3
million.  Gordon Brothers may bid for the Property and credit bid
using all or a portion of its secured claim.  The Property will be
sold free and clear of lien in the property and any subordinate
security interest in the property, including any lien of
subordinated lenders.

Deadline to submit offers for the property is on June 11, 2018, at
4:00 p.m. Eastern Time.  Auction for qualified bidders will convene
on June 13, 2018, at 10:00 a.m., Eastern Time at the law offices of
Goulston & Storrs PC, 885 Third Avenue, 18th Floor, New York, New
York.

Potential bidders interested in obtaining information regarding the
property, requirements for participation in the auction and the
terms of the sale may contact:

       Richelle Kalnit
       David Peress
       Ben Kaplan
       Hilco Streambank   
       1500 Broadway, 8th Floor
       New York, NY 10036
       Tel: (212) 993-7214
            (781) 471-1239
            (646) 651-1978
       E-mail: rkalnit@hilcoglobal.com
               dperess@hilcoglobal.com
               bkaplan@hilcoglobal.com

Gordon Brothers retained as counsel:

       Peter Bilowz, Esq.
       GOULSTON & STORRS PC
       885 Third Avenue, 18th Floor
       New York, NY 10022
       Tel: (617) 574-4128
       Fax: (617) 574-7621
       E-mail: pbilowz@goulstonstorrs.com

Founded in 1975, Ghurka Inc. designs and makes leather luggage and
handbags.  The Company offers business and travel bags,
accessories, and wallets for men and women; and handbags for women.
The company sells its products online, as well as through its
store.  Ghurka, Inc., is based in New York, New York.  As of Sept.
22, 2011, Ghurka, Inc., operates as a subsidiary of Brightwork
Brand Holdings, Corp.


GLOBAL BRASS: Moody's Hikes CFR to Ba3, Outlook Stable
------------------------------------------------------
Moody's Investors Service upgraded Global Brass and Copper, Inc.'s
("GBC") Corporate Family Rating to Ba3 from B1 and its Probability
of Default Rating to Ba3-PD from B1-PD, since Moody's expects
continuing improvement in operating performance and resulting key
debt credits metrics that warrant the upgrade. In related rating
actions, Moody's upgraded company's Speculative Grade Liquidity
Rating to SGL-1 from SGL-2 and assigned a B1 rating to company's
proposed $315 million senior secured term loan due 2025. Proceeds
from proposed term loan will be used to repay GBC's existing B2
senior secured term loan due 2023, at which time the rating will be
withdrawn. Terms and conditions for proposed debt will be similar
to those in existing term loan. Rating outlook is stable.

The following ratings/assessments are affected by this action:

Upgrades:

Issuer: Global Brass and Copper, Inc.

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

Speculative Grade Liquidity Rating, Upgraded to SGL-1 from SGL-2

Corporate Family Rating, Upgraded to Ba3 from B1

Assignments:

Issuer: Global Brass and Copper, Inc.

Senior Secured Bank Credit Facility, Assigned B1 (LGD4)

Outlook Actions:

Issuer: Global Brass and Copper, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Upgrade of Global Brass and Copper's Corporate Family Rating to Ba3
from B1 results from stable operating margins, diverse end markets,
and very good liquidity profile. Moody's projects EBITA margins
remaining in 6% range over next 12 to 18 months, debt leverage near
2.4x by late 2019, and free cash flow-debt approaching 15% over
same time period (all ratios incorporate Moody's standard
adjustments). GBC has shown an ability to weather copper price
volatility through metal on margin and balanced book, which is the
matching timing, quantity, and price of future metal sales with the
timing, quantity and price of future metal purchases. The company
also benefits from diverse end-markets, including building and
housing sector (34% of 2017 pounds shipped), munitions (18%),
automotive (16%), industrial (10%), coinage (7%),
Electronics/electrical components (6%), and other end markets (9%).
This diversity in end-markets allows GBC to dampen some of its
revenue exposure to metal price volatility while improving its
margins from less commodity-like products.

However, risks remain. GBC may have difficulty in expanding
operating margins. Although strong now, US building and housing
sector is cyclical, creating longer-term uncertainty. Also, company
may pursue debt-financed acquisitions, boosting volumes but
negatively impacting leverage.

Stable rating outlook reflects Moody's expectations that Global
Brass and Copper will continue to follow conservative financial
policies and maintain a credit profile, such as leverage sustained
below 3.5x, supportive of its Ba3 Corporate Family Rating over the
next 12 to 18 months.

Upgrade of GBC's Speculative Grade Liquidity Rating to SGL-1 from
SGL-2 results from Moody's expectations that GBC will generate at
least $50 million to $60 million of free cash flow over next 12
months, and maintain ample revolver availability. Cash on hand
totaled $57.9 million at 1Q18, and is more than sufficient to meet
any shortfall in operating cash flow, as well as support growth
levels of working capital and capital expenditures. Term loan
amortization is manageable at about $3.2 million for 2018. GBC has
no significant maturities over the next 12 months. Revolver
availability totaled $195.4 million at March 31, 2018, after taking
into no borrowings, $4.6 million in letter of credit commitments,
and no limitation due to borrowing base formula.

B1 Rating assigned to GBC's senior secured term loan due 2025, one
notch below Corporate Family Rating, results from its effective
subordination to company's revolving credit facility. The term loan
has a first lien on substantially all non-current assets and a
second lien on assets securing revolving credit facility, and is in
a first-loss position in a recovery scenario relative company's
revolving credit facility. Term loan amortizes 1% per year with a
bullet payment at maturity. Global Brass and Copper Holdings, Inc.,
GBC's parent holding company, as well as by GBC's operating
subsidiaries provide guarantees to the term loan.

Moody's does not anticipate positive rating actions over
intermediate term. However, GBC's ratings could be upgraded if
operating performance exceeds Moody's forecasts, yielding following
credit metric (ratio includes Moody's standard adjustments) and
characteristics:

  - Revenues approaching $2 billion while maintaining current debt
credit metrics

  - Free cash flow-to-debt sustained near 15%

  - Debt-to-EBITDA remains below 3.0x

  - EBITA margins expanding towards 7.5%

Downward rating pressure is not likely over next 12 to 18 months.
However, negative rating actions could ensue beyond then if GBC's
operating performance falls below Moody's expectations, resulting
in following metrics (all ratios incorporate Moody's standard
adjustments) or characteristics:

  - Free cash flow-to-debt sustained below 7.5%

  - Debt-to-EBITDA stays above 3.5x

  - EBITA margins contracting significantly

  - Deterioration in liquidity profile

  - Large debt-financed acquisitions

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Global Brass and Copper, Inc. ("GBC"), headquartered in Schaumburg,
IL, is a North American convertor, manufacturer and distributor of
non-ferrous metal products (strip, rod, stamped, and fabricated
parts), primarily copper and copper alloys. It operates through
three businesses: Chase Brass, Olin Brass, and A.J. Oster. Building
and housing end market accounts for about 34% of company's total
pounds shipped. Revenues for 12 months through March 31, 2018
totaled about $1.6 billion.



GMB LIGHTING: Court Okays Interim Approval to Use Cash Collateral
-----------------------------------------------------------------
The Hon. John K. Olson of the U.S. Bankruptcy Court for the
Southern District of Florida gave his approval for GMB Lighting and
Trading, LLC, to use, on an interim basis, the cash collateral of
prepetition lenders American Express Bank, FSB; High Speed Capital
LLC; and Colonial Funding Network, Inc.

As reported in the Troubled Company Reporter on May 17, 2018, the
Debtor asked the the Court to allow it to use cash collateral of
Pre-petition Lenders without a provision of adequate protection as
their interest in the cash collateral is over-secured or protected
through post-petition attachment to collateral.

The Debtor asserted that American Express' and High Speed Capital's
collateral is not depreciating as they are over secured by virtue
of their position. The Debtor contends that American Express is
fully secured as the value of the Debtor's property is $177,755 and
the value of American Express' default judgment is $90,415.

The Debtor further contends that High Speed Capital is fully
secured as the value of Debtor's property, after the reduction of
American Express' judgment, is $87,340 while High Speed Capital is
currently owed $64,853 on its Purchase and Sale of Future
Receivables with the Debtor.

The Debtor listed Colonial Funding Network with a claim of $71,250,
and the Debtor claims that Colonial Funding Network is partially
secured as the value of Debtor's property, after further reduction
of High Speed Capital's claim, is $22,481. The Debtor asserts that
Colonial Funding Network is also secured in future receivables of
the Debtor as the underlying Agreement with the Debtor is a
receivables purchasing agreement.

Thus, the Debtor believed that Colonial Funding Network's security
interest does not require adequate protection payments to in order
to protect it against a decrease in the value of collateral. So
long as the value of the stream of future accounts or inventory and
their proceeds is not declining, a receivable or inventory lender
does not lack adequate protection, even if it is under secured.

A final hearing is set for June 6, 2018 at 10:30 a.m.

A full-text copy on the Court's Interim Order is available at

         
http://bankrupt.com/misc/GMBLighting_CashCollateral_InterimOrder.pdf

                  About GMB Lighting and Trading

GMB Lighting and Trading LLC -- https://www.gmblightingled.com/ --
is a lighting company specializing in custom fixtures for
hospitality, commercial & residential applications. GMB Lighting
offers the latest lighting technology such as LEED certified and
CCT (color changing temperature).  The Company is headquartered in
Pompano Beach, Florida.

GMB Lighting and Trading LLC, based in Pompano Beach, FL, filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 18-13294) on March
22, 2018.  In the petition signed by Michael Boiteau, manager, the
Debtor estimated $100,000 to $500,000 in assets and $1 million to
$10 million in liabilities.  The Hon. John K Olson presides over
the case.  Chad T. Van Horn, Esq., at Van Horn Law Group, Inc.,
serves as bankruptcy counsel to the Debtor.


GREAT FOOD: Plan Filing Deadline Extended Until Dec. 31
-------------------------------------------------------
The Hon. Carl L. Bucki the U.S. Bankruptcy Court for the Western
District of New York, at the behest of Great Food Great Fun, LLC,
and its affiliates, has extended the deadline within which the
Debtors must file their Joint Small Business Plan and Disclosure
Statement through December 31, 2018.

The Troubled Company Reporter has previously reported that the
Debtors asked the Court to extend the time within which it must
file a Plan and Disclosure Statement.  The Debtors intended to file
a proposed Small Business Plan and Disclosure Statement as soon as
practicable.  Under the circumstances of these cases, however, the
Debtors said that the current deadline of May 21, 2018 will not
permit sufficient time to achieve this objective.

As of the Petition Date, the Debtors obtained authorization to use
cash collateral subject to liens of the Debtors' principal secured
creditors, U.S. Foods, Inc./U.S. Foodservice, Inc., Cosima
Corporation, the Internal Revenue Service and the New York State
Department of Taxation and Finance.  The Debtors' use of cash
collateral has been extended from time-to-time, most recently
through July 31, 2018.  As a part of its cash collateral payments,
the Debtors have been and are continuing to make payments of
principal and interest on their secured claims.

Moreover, the Debtors assert that resolution of each of the
following matters could have material impact on the Debtors'
efforts to reorganize their businesses:  

     (a) In an effort to reduce ongoing debt service expenses and
to eliminate items no longer needed for operations, the Debtors
filed a motion seeking authority for Debtor Professional
Hospitality to sell certain equipment and vehicles, out of the
ordinary course of its business.  That motion was approved by an
Order entered on Nov. 20, 2017.  Professional Hospitality has run
advertisements for these items and is continuing its efforts to
sell the equipment and vehicles for amounts in excess of what is
owed to those creditors whose claims are secured by these items.

     (b) The Court entered an Order, on November 13, 2017,
authorizing Debtor Professional Hospitality to assume its
non-residential real property lease with Village of Bemus Point for
its location at 1 Lakeside Drive, Bemus Point, New York 14712.

     (c) As a part of that same November 13 Order, the Court also
extended the time for Debtor Great Food Great Fun to assume or
reject for its non-residential real property lease with Cosima for
its location at 10450 Bennett Road, Fredonia, New York 14063. A
proposed extension of Great Food Great Fun's pre-petition lease had
been negotiated between it and landlord/secured creditor Cosima
prior to the Petition Date, but it had not been signed. During
April, 2018, Great Food Great Fun entered into a new one-year lease
with Cosima which will expire on April 1, 2019 at the same rates
that it has been paying since the Petition Date.

     (d) The Debtors filed a motion, on February 9, 2018, seeking
authority for Debtor Professional Hospitality to obtain short-term
Debtor-in-Possession Financing from Amber Anderson in the form of a
line of credit in an amount of up to $35,000 on an unsecured
administrative expense basis, so as to assist Professional
Hospitality to meet its seasonal start-up costs. Debtor
Professional Hospitality is using this line of credit as it begins
start-up operations.

     (e) The Debtors are also filing a motion requesting that the
Court establish a claims bar date, so that the magnitude of all
claims against them are known. The Debtor each are also exploring
options with their counsel to enhance their abilities to
reorganize, including potentially filing objections to certain of
those claims which have been asserted by NYS Tax.

     (f) In the case of Debtor Great Food Great Fun, that Debtor is
also seeking new investment into the business to assist it in its
future operations.

                 About Great Food Great Fun and
                    Professional Hospitality

Great Food Great Fun LLC is a New York corporation which is doing
business as "Wing City Grille" and which operates a restaurant in
Fredonia, New York.  Professional Hospitality, LLC, is a New York
corporation which is doing business as "Village Casino Restaurant"
and which operates a restaurant and banquet facilities on the
waterfront in Bemus Point, New York.  The Village Casino Restaurant
is seasonal, generally operating only between May 1 and Sept. 30
each year.  Great Food and Professional Hospitality are single
member limited liability corporations owned by Andrew C. Carlson,
an individual who is not in bankruptcy.

Great Food Great Fun, LLC, and Professional Hospitality, LLC, filed
Chapter 11 petitions (Bankr. W.D.N.Y. Case Nos. 17-11557 and
17-11558, respectively) on July 24, 2017.

Judge Carl L. Bucki presides over the Debtors' jointly administered
cases.  

Andreozzi Bluestein LLP, serves as counsel to the Debtors.


GREENLIGHT ORGANIC: Seeks Nov. 17 Exclusive Plan Filing Extension
-----------------------------------------------------------------
Greenlight Organic, Inc., asks the U.S. Bankruptcy Court for the
District of Nevada to extend the exclusive periods to file and
secure acceptance of a plan of reorganization for 180 days to
November 17, 2018, and January 16, 2019, respectively.

On February 8, 2017, the United States filed a Civil Complaint
against Debtor in litigation entitled United States v. Greenlight
Organic, Inc., pending before the United States Court of
International Trade ("CIT"), Case Number 17-cv0031.

According to the CIT Complaint, the United States initiated this
action "on behalf of U.S. Customs and Border Protection (CBP), to
recover (1) approximately $238,516.56 in unpaid duties and fees,
pursuant to 19 U.S.C. Section 1592(d), plus interest; and (2) a
penalty for fraud, pursuant to 19 U.S.C. Section 1592(c)(1) in the
amount of approximately $3,232,032, stemming from Greenlight's
violations of 19 U.S.C. 1592(a) relating to approximately 122
entries of wearing apparel."

The Debtor disputes the charges of fraud against it. The alleged
misclassification and inaccurate identification was the result of
negligence at best as Debtor had no prior textile or garment
manufacturing experience. Consequently, the Debtor relied upon the
expertise and certifications of its vendors, suppliers, and customs
brokers for tariff classification advice.

The United States has pursued Debtor for the last six years. The
Debtor's legal costs incurred to defend itself through
administrative proceedings and two pending cases in litigation have
forced Debtor into bankruptcy.

The Debtor also does not have the liquidity to tender a lump sum
payment of over $4 million in penalties, duties, and interest that
the United States seeks to recover. As such, on September 20, 2017,
Debtor filed its Motion for Order Regarding Applicability of the
Automatic Stay of Section 362(a), which requested that the Court
find that the automatic stay applied to the CIT Action, so that
Debtor could benefit from the breathing spell to efficiently and
cost-effectively resolve the claims against it in one forum and
satisfy the legitimate claims against it under a plan of
reorganization in a reasonable time. However, the Court denied the
Stay Motion in its entirety at a hearing on October 5, 2017.

As the Court found the automatic stay did not apply to the CIT
Action, the Debtor was required to obtain Court approval of counsel
to represent it in the un-stayed CIT Action. The Debtor filed an
application to employ Crowell & Moring LLP as litigation counsel
for Debtor in the CIT Action. Thereafter, Litigation Counsel
informed Debtor that a liquidation of the claims in the CIT Action
would not be completed prior to expiration of the exclusive
periods.

The Debtor attempted to resolve the CIT claims in good faith in the
most-efficient and least costly manner before the Court but must
now litigate in the CIT to liquidate the United States' claims
before Debtor can propose a plan of reorganization.

As such, the Debtor motioned the Court on November 10, 2017,
requesting a 180-day extension of the exclusive periods to allow
the CIT to liquidate the CIT claims so that Debtor may propose a
plan of reorganization that treats any amounts due on account of
such claims. The Court, by an Order entered on November 27, 2017,
has extended the plan filing and solicitation deadlines to May 21,
2018 and July 20, 2018, respectively.

Since the Court approved the Exclusivity Deadlines, proceedings in
the CIT Action have not progressed as expected. The Debtor
anticipated that it would be able to complete discovery and obtain
a resolution of the CIT Action prior to the Exclusivity Deadlines.
However, discovery in the CIT Action has been mired by delay as
several motions for protective orders and to compel were filed, and
several extensions of time were requested. Consequently,
liquidation of the claims in the CIT Action will not be completed
prior to expiration of the Exclusivity Deadlines.

While the case is relatively small and straight-forward, the Debtor
needs sufficient time to permit it to negotiate a plan of
reorganization and provide adequate information to interested
parties. The Debtor cannot negotiate a plan or provide adequate
information without understanding the amount and nature of the
claims in the CIT Action.

The Debtor believes it has reasonable prospect of filing a viable
plan. However, the viability of any plan proposed by Debtor will be
difficult to determine until the CIT claims are liquidated. The
Debtor claims that it is not seeking an extension to pressure
creditors to submit to its demands, rather the Debtor is requesting
an extension to afford the United States time to liquidate its
claims in the CIT. Liquidation of the claims in the CIT Action has
simply taken longer than anyone anticipated.

              About Greenlight Organic, Inc.

Greenlight Organic is a wholesaler and retailer of running and
performance apparel.  Its customers typically are marathon and
other race event organizers who place orders with the Debtor for
custom t-shirts to gift or sell to attendees.  It typically places
orders with a company in Vietnam to manufacturer and customize the
apparel, which are then shipped to Greenlight and delivered to the
customer.

Greenlight Organic Inc. d/b/a Greenlight Apparel filed a Chapter 11
bankruptcy petition (Bankr. D. Nev. Case No. 17-14000) on July 25,
2017. The Petition was signed by the Debtor's authorized
representative, Parambir Aulakh. At the time of filing, the Debtor
had estimated both assets and liabilities at $100,000 to $500,000.

Gregory E. Garman, Esq., at Garman Turner Gordon, LLP serves as the
Debtor's bankruptcy counsel; and Crowell & Moring LLP, Marlow Adler
Abrams Newman & Lewis, and Peter S. Herrick, P.A., as special
counsel.


GULF MEDICAL: Exclusivity Period Extended for Additional 90 Days
----------------------------------------------------------------
The Hon. Jerry C. Oldshue, Jr. of the U.S. Bankruptcy Court for the
Northern District of Florida, upon the request of Gulf Medical
Services, Inc., has extended the period of exclusivity during which
only the Debtor can file a plan of reorganization for an additional
90 days from the date of the Order.

The Troubled Company Reporter has previously reported that the
Debtor requested that the period of exclusivity be extended because
the individual case for its principal, Kenneth Steber, will not be
filed prior to the date the period of exclusivity runs.  

The Debtor mentioned that a substantial portion of the debts
included in this case have been guaranteed by its principal,
Kenneth Steber. Subsequent to the filing of this Chapter 11 case,
several creditors in this case have either proceeded with the
filing of a lawsuit, have obtained a judgment, or have otherwise
made demand upon Mr. Steber on the guarantees.

Mr. Steber has consulted with an attorney and will be commencing a
voluntary Chapter 11 case, individually.  Once Mr. Steber's
individual Chapter 11 case is filed, it is anticipated that a
motion to administratively consolidate the two cases will be filed
for the purpose of filing a joint plan of reorganization.

                    About Gulf Medical Services

Based in Pensacola, Florida, Gulf Medical Services, Inc. --
http://www.gulfmed.com/-- has been serving respiratory equipment,
sleep therapy equipment, and medical equipment to its customers
since 1987.  The company accepts assignments and bills Medicare,
Medicaid, Blue Cross Blue Shield, TriCare, and many other private
insurance policies.  Its gross revenue amounted to $7.89 million in
2017, $10.06 million in 2016 and $12.16 million in 2015.   

Gulf Medical Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Fla. Case No. 18-30012) on Jan. 5,
2018.  In the petition signed by Kenneth R. Steber, president, the
Debtor disclosed $1.73 million in assets and $5.15 million in
liabilities.  Judge Jerry C. Oldshue Jr. presides over the case.
Steven J. Ford, Esq., at Wilson, Harrell, Farrington, Ford, Wilson,
Spain & Parsons P.A., serves as the Debtor's bankruptcy counsel.


HANGING HOOK: To Pay Unsecureds $357 in 10 Semi-Annual Installments
-------------------------------------------------------------------
Hanging Hook, Inc. filed with the U.S. Bankruptcy Court for the
District of Massachusetts a disclosure statement referring to its
proposed plan of reorganization.

Hanging Hook, Inc., owns one piece of real estate. The property is
income generating with residential tenants. The property is located
in Rutland, Massachusetts.

From cash on hand and future revenues, the Debtor proposes to pay
its administrative creditors, secured property claims to the extent
of the value of the collateral securing the claims and a 100%
dividend to general unsecured creditors. The payments will commence
on the Effective Date of the Plan, which the Debtor anticipates
will be July 15, 2018, and thereafter paid in 10 semi-annual
installments of $357.50 for distribution for the General Unsecured
Creditors for a dividend distribution of 100%.

The Debtor expects to have sufficient cash on hand to make the
payments required on the Effective Date from its rental income and
contributions from its owner.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/mab17-41271-36.pdf

                   About Hanging Hook Inc.

Hanging Hook Inc., filed a Chapter 11 bankruptcy petition (Bankr.
D. Mass. Case No. 41271) on July 12, 2017, disclosing under $1
million in both assets and liabilities. The Debtor hired James P.
Ehrhard, Esq., at Ehrhard & Associates, P.C.


HANS FUTTERMAN: DOJ Watchdog to Appoint Chapter 11 Trustee
----------------------------------------------------------
The Hon. Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York, by motion of RWNIH-DL 122nd Street 1
LLC, has directed the U.S. Trustee to appoint a trustee in the
Chapter 11 case of Hans Futterman.

Hans Futterman filed a Chapter 11 Petition (Bankr. S.D.N.Y. Case
No. 17-12899) on October 17, 2017. He is represented by Joel
Shafferman, Esq., of Shafferman & Feldman, LLP.



HUSA INC: Seeks August 3 Plan Confirmation Period Extension
-----------------------------------------------------------
HUSA, Inc., and its debtor-affiliates ask the U.S. Bankruptcy Court
for the Southern District of Texas for an extension of the
exclusive time period within which to obtain confirmation of their
plan of reorganization to August 3, 2018.

There will be a hearing on this request on June 21, 2018 at 9:00
a.m.

On March 26, 2018, the Debtors' filed their initial plan or
reorganization and disclosure statement in support of that plan.
During the May 2, 2018 hearing on approval of the disclosure
statement, the Debtors' counsel announced certain amendments they
wished to make to the disclosure statement and plan prior to
approval.  Accordingly, on May 10, 2018, the Debtors filed their
amended plan and amended disclosure statement.

The exclusivity period for filing a plan of reorganization expired
on April 3, 2018.  The Debtors' plan was filed within that
exclusivity period.  However, the exclusivity period for confirming
the plan will expire on June 4, 2018.

The Court approved the amended disclosure statement at the May 14,
2018 hearing and set the confirmation hearing for July 2, 2018, at
9:00 a.m.  However, the hearing date falls after the expiration of
the date by which the Debtors must obtain confirmation of that plan
under section 1121(c)(3) -- the current exclusivity period for
confirming the plan will expire on June 4, 2018.

Accordingly, the Debtors ask that the exclusivity period for
confirmation to be extended to Aug. 3, 2018, in case the
confirmation hearing is not completed or is continued for some
reason past the July 2, 2018 hearing date.

Accordingly, the Debtors request an extension of time to confirm
their filed plan as amended.  The Debtors met this deadline, and
the plan, as amended, is now set for confirmation hearing July 2,
2018.

Under the Debtors' plan, the assets of five of the Debtors are
being sold at auction.  The Court has approved procedures for those
auctions, but the process has just begun and will not conclude
until the end of June.  The Court has already set confirmation for
July 2, 2018, so there is no unreasonable delay to creditors.

                        About HUSA, Inc.

Based in Houston, Texas, HUSA Management is a privately held
corporation owned by Larry Martin and Edgar Carlson.  The company
portfolio includes brands like Baker St. Pub & Grill, Sherlock's
Pub & Grill, Sherlock's Pub, Local Pour, Restless Palate, Big Texas
Ice House & Dance Hall and British Beverage Company.  With the
purchase of Sherlock's Baker St. Pub 1995, HUSA Management Inc.
continues to grow.  The company is founded in 1995.

HUSA Management filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 17-36535) on Dec. 4, 2017.  In the petition signed by Larry
Martin, president, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.  Judge Marvin
Isgur presides over the case.  Matthew Brian Probus, Esq., at
Wauson Probus, is the Debtor's counsel.  Guideboat Advisors, LLC,
is the financial investment advisor and asset sale broker.


ICONIX BRAND: Sports Direct Has 8.6% Stake as of May 23
-------------------------------------------------------
Sports Direct International plc disclosed in a Schedule 13D/A filed
with the Securities and Exchange Commission that as of May 23,
2018, it beneficially owns 5,664,115 shares of common stock of
Iconix Brand Group Inc., which represents 8.6 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/k31YOv

                         About Iconix Brand

Broadway, New York-based Iconix Brand Group, Inc. --
http://www.iconixbrand.com/-- is a brand management company and
owner of a diversified portfolio of over 30 global consumer brands
across the women's, men's, entertainment, home and international
segments.  The Company's business strategy is to maximize the value
of its brands primarily through strategic licenses and joint
venture partnerships around the world, as well as to grow the
portfolio of brands through strategic acquisitions.  Iconix Brand
owns, licenses and markets a portfolio of consumer brands
including: Candie's, Bongo, Joe Boxer, Rampage, Mudd, London Fog,
Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc
Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter,
Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee
Cooper, and Artful Dodger; and interests in Material Girl, Ed
Hardy, Truth or Dare, Modern Amusement, Buffalo, Hydraulic, and
PONY.

Iconix Brand incurred a net loss attributable to the Company of
$489.3 million in 2017, a net loss attributable to the Company of
$252.1 million in 2016 and a net loss attributable to the Company
of $186.5 million in 2015.  As of March 31, 2018, Iconix Brand had
$852.4 million in total assets, $832.5 million in total
liabilities, $29.79 million in redeemable non-controlling interest
and a $9.86 million total stockholders' deficit.

The Company stated in its 2017 Annual Report that due to certain
developments, including the decision by Target Corporation not to
renew the existing Mossimo license agreement following its
expiration in October 2018 and by Walmart, Inc. not to renew the
existing Danskin Now license agreement following its expiration in
January 2019, and the Company's revised forecasted future earnings,
the Company forecasted that it would unlikely be in compliance with
certain of its financial debt covenants in 2018 and that it may
otherwise face possible liquidity challenges in 2018.  The Company
said these factors raised substantial doubt about its ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent on its ability to raise additional
capital and implement its business plan.


ICONIX BRAND: Will Hold Its Annual Meeting on Aug. 2
----------------------------------------------------
Iconix Brand Group, Inc., will hold its 2018 annual meeting of
shareholders on Aug. 2, 2018.  Because the date of the 2018 annual
meeting is more than 30 days from the anniversary date of the
Company's 2017 annual meeting of shareholders, pursuant to the
Company's bylaws, the Company is providing notice of the deadline
for the submission of any qualified shareholder proposal or
qualified shareholder nominations under the rules of the Securities
and Exchange Commission.  In accordance with the Company's bylaws,
any shareholder proposal or nomination intended to be considered
for inclusion in the Company's proxy materials for the 2018 Annual
Meeting must be received by the Company at its principal executive
offices at 1450 Broadway, 3rd Floor, New York, NY 10018, by no
later than May 31, 2018, and directed to the corporate secretary.

Shareholder proposals intended to be considered for inclusion in
the Company's proxy materials for the 2018 Annual Meeting must
comply with the requirements set forth above, the Company's bylaws
and all applicable rules and regulations promulgated by the SEC
under the Securities Exchange Act of 1934, as amended.

Shareholders who intend to submit a proposal regarding a director
nomination or other matter of business at the 2018 Annual Meeting,
and who do not desire to have those proposals included in the
Company's proxy materials for the 2018 Annual Meeting, must ensure
that notice of any such proposal (including certain additional
information specified in the Company's bylaws) is received by the
Corporate Secretary at the Company's principal executive offices on
or before the close of business on May 31, 2018.

                      About Iconix Brand

Broadway, New York-based Iconix Brand Group, Inc. --
http://www.iconixbrand.com/-- is a brand management company and
owner of a diversified portfolio of over 30 global consumer brands
across the women's, men's, entertainment, home and international
segments.  The Company's business strategy is to maximize the value
of its brands primarily through strategic licenses and joint
venture partnerships around the world, as well as to grow the
portfolio of brands through strategic acquisitions.  Iconix Brand
owns, licenses and markets a portfolio of consumer brands
including: Candie's, Bongo, Joe Boxer, Rampage, Mudd, London Fog,
Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc
Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter,
Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee
Cooper, and Artful Dodger; and interests in Material Girl, Ed
Hardy, Truth or Dare, Modern Amusement, Buffalo, Hydraulic, and
PONY.

Iconix Brand incurred a net loss attributable to the Company of
$489.3 million in 2017, a net loss attributable to the Company of
$252.1 million in 2016 and a net loss attributable to the Company
of $186.5 million in 2015.  As of March 31, 2018, Iconix Brand had
$852.4 million in total assets, $832.5 million in total
liabilities, $29.79 million in redeemable non-controlling interest
and a $9.86 million total stockholders' deficit.

The Company stated in its 2017 Annual Report that due to certain
developments, including the decision by Target Corporation not to
renew the existing Mossimo license agreement following its
expiration in October 2018 and by Walmart, Inc. not to renew the
existing Danskin Now license agreement following its expiration in
January 2019, and the Company's revised forecasted future earnings,
the Company forecasted that it would unlikely be in compliance with
certain of its financial debt covenants in 2018 and that it may
otherwise face possible liquidity challenges in 2018.  The Company
said these factors raised substantial doubt about its ability to
continue as a going concern.  The Company's ability to continue as
a going concern is dependent on its ability to raise additional
capital and implement its business plan.


IMAGE GRAPHICS: Judge Denied 2nd Request for Exclusivity Extension
------------------------------------------------------------------
The Hon. Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida denied Image Graphics 2000 Inc.'s
second request for Exclusivity Period extension, sustaining the
objections filed by U.S. Bank National Association.  

As reported by the Troubled Company Reporter on May 24, 2018, the
Debtor asked the Court to extend through Sept. 11, 2018, the
exclusive period during which only the Debtor can solicit
acceptance of its plan of reorganization.

The Debtor has obtained two fully executed Contracts for Purchase
and Sale, and the combined selling price ($500,000 for unit #19,
$1.10 million for unit #20), would result in enough proceeds to pay
all claims off in full.  The Debtor recently signed two revised
contracts for the sale of its commercial building set to close on
or before Sept. 11, 2018, which would yield in enough proceeds to
pay off all of its creditors in their entirety.  Thus, the Debtor
needed additional time to submit its plan of reorganization and
disclosure statement.

However, the Debtor told the Court that in the event the sale does
not take place, the Debtor is set to start working on a large
contract for an installation project at the Miami International
Airport as early as July, with the majority of the work to be done
in October, and which would result in a substantial increase in
revenue to the Debtor.  The increase in revenue will allow the
Debtor to make monthly plan payments to its creditors.

The Debtor's principal Wade Davis, will personally provide funding
to pay the Debtor's creditors, if the need should arise, in order
to supplement the Debtor's revenue.

With respect to the claims of Florida Department of Revenue, the
Debtor is awaiting paperwork from Tallahassee to determine if any
of the amounts are objectionable. Otherwise the Debtor will repay
the amounts owed through its Chapter 11 plan.

                  About Image Graphics 2000

Image Graphics 2000, Inc. -- http://igxboatwraps.com/-- provides
graphic design services in Pompano Beach, Florida, and surrounding
areas.  Its services include boat wraps, commercial displays,
vehicle wrapping, banners, bulk products, deck graphics and
tournament sponsor wrapping.  The company is a small business
debtor as defined in 11 U.S.C. Section 101(51D).

Image Graphics 2000 sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 17-20585) on Aug. 22,
2017.  In the petition signed by Wade Davis, vice-president, the
Debtor estimated assets of less than $1 million and liabilities of
$1 million to $10 million.

Judge John K. Olson presides over the case.  

First Legal PA is the Debtor's bankruptcy counsel.  Unico Financial
Services Inc. is the Debtor's accountant.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.


INDIANA HOTEL: Taps Atty. Robert Bassel as Bankruptcy Counsel
-------------------------------------------------------------
Indiana Hotel Equities, LLC, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Michigan to hire
Robert Bassel, Esq., as its legal counsel.

Mr. Bassel will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.  He charges an hourly fee of $300 for his
services.

The Debtor's principal paid the attorney a retainer of $11,717, of
which $1,717 was used to pay the filing fee and $3,900 was used to
pay pre-bankruptcy legal fees.

Mr. Bassel disclosed in a court filing that he is "disinterested"
as defined in Section 101(14) of the Bankruptcy Code.

Mr. Bassel maintains an office at:

     Robert N. Bassel, Esq.
     P.O. Box T
     Clinton, MI 49236
     Tel: (248) 677-1234
     Fax: (248) 369-4749
     Email: bbassel@gmail.com

                   About Indiana Hotel Equities

Indiana Hotel Equities, LLC, is a real estate company whose
principal assets are located at 2500 S. Highschool Road,
Indianapolis, Indiana.

Indiana Hotel Equities sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-45185) on April 10,
2018.  In the petition signed by Remo Polselli, principal, the
Debtor estimated assets of $1 million to $10 million and
liabilities of less than $500,000.  Judge Thomas J. Tucker presides
over the case.


INDIANA HOTEL: Taps O'Reilly Rancilio as Special Counsel
--------------------------------------------------------
Indiana Hotel Equities, LLC, seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Michigan to hire
O'Reilly Rancilio P.C. as special counsel.

The Debtor tapped the firm to prosecute its claims against Indiana
Airport Authority and others.

O'Reilly will charge $275 per hour for partners and senior
attorneys and $200 per hour for associate attorneys.  The firm
received a retainer of $10,000 from the Debtor's principal.  

Joseph Ejbeh, Esq., at O'Reilly, disclosed in a court filing that
he and his firm are "disinterested" as defined in section 101(14)
of the Bankruptcy Code.

O'Reilly can be reached through:

     Joseph Ejbeh, Esq.
     O'Reilly Rancilio, P.C.
     12900 Hall Road, Suite 350
     Sterling Heights, MI 48313
     Phone: 586.726.1000
     Email: jejbeh@orlaw.com

                  About Indiana Hotel Equities

Indiana Hotel Equities, LLC, is a real estate company whose
principal assets are located at 2500 S. Highschool Road,
Indianapolis, Indiana.

Indiana Hotel Equities sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-45185) on April 10,
2018.

In the petition signed by Remo Polselli, principal, the Debtor
disclosed that it had estimated assets of $1 million to $10 million
and liabilities of less than $500,000.  

Judge Thomas J. Tucker presides over the case.  The Debtor tapped
Robert Bassel, Esq., as its legal counsel.


INFINITE HOLDINGS: To Sell Property to Pay Telegraph GOA
--------------------------------------------------------
Infinite Holdings, Inc., filed a first amended plan of
reorganization and accompanying disclosure statement that proposes
100% payment to secured creditors 45 days after the closing of the
sale of Debtor's real property, and 100% payment to general
unsecured creditors 90 days after the closing of the sale of
Debtor's real property.

Regarding the claim of the Telegraph Gateway Owners Association,
the Debtor will sell its property, which serves as collateral by
December 31, 2018, paying Telegraph GOA in a non-recourse
transaction, the full value of its claim of $14,973.45 from the
sales proceeds of the sale.  Any deficiency claim is a general
unsecured claim.  In addition, effective June 1, 2018, the Debtor
will instruct the tenant occupying Units 102 and 103 to tender
their monthly owners association dues in the amount of $648.41
directly to the Telegraph GOA.

On or about April 13, 2018, the Debtor listed the Property for Sale
for $1,499,000.

A full-text copy of the Amended Plan is available at:

           http://bankrupt.com/misc/canb17-42625-52.pdf

                    About Infinite Holdings

Infinite Holdings, Inc., owns condominium units located at 2421
Telegraph Avenue, Oakland, California, valued at $1.34 million.
The Telegraph Retail Condos total 3,370 square feet and are
comprised of three individual commercial condominiums, each unit is
currently occupied.  Its gross revenue amounted to $95,612 in 2016
and $78,668 in 2015.

Infinite Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 17-42625) on Oct. 18,
2017.  Steven K. Peterson, its president and CEO, signed the
petition.

At the time of the filing, the Debtor disclosed $1.35 million in
assets and $1.14 million in liabilities.

Judge Charles Novack presides over the case.  

The Law Offices of Selwyn D. Whitehead is the Debtor's bankruptcy
counsel.  The Debtor hired Wilner Ash as its accountant.


INTEGRATED WEALTH: June 26 Plan Confirmation Hearing
----------------------------------------------------
On April 24, 2018, a hearing was held before the Honorable Mark D.
Houle of the U.S. Bankruptcy Court for the Central District of
California with respect to the approval of the Disclosure Statement
Accompanying Integrated Wealth Management, Inc.'s Chapter 11 Plan.

Robert E. Opera of Winthrop Couchot Golubow Hollander, LLP,
appeared on behalf of the Debtor.  Everett L. Green, Trial
Attorney, appeared on behalf of Peter C. Anderson, the United
States Trustee for the Central District of California, Region 16.
R. Gibson Pagter, Jr., of Pagter and Perry Isaacson appeared
telephonically on behalf of The Irvine Company.  No objections to
the approval of the Disclosure Statement were filed.

The Court having found that (i) the Debtor filed the Debtor's First
Amended Disclosure Statement on April 17, 2017, (ii) the Debtor's
Disclosure Statement, as modified by the additional information
contained in the First Amended Disclosure Statement, contains
"adequate information," as required by Section 1125(b) of the
Bankruptcy Code, the Debtor has made certain modifications to the
First Amended Plan and the accompanying First Amended Disclosure
Statement as reflected in the Second Amended Disclosure Statement.

Accordingly, the Court approved the Second Amended Disclosure
Statement.

June 26, 2018 at 2:00 p.m. is fixed as the date and time for the
hearing on the confirmation of the Second Amended Plan.

June 5, 2018 is fixed as the last day for the Debtor to file and
serve: (a) a brief in support of the
confirmation of the Second Amended Plan; (b) a tally of the Ballots
received with respect to the confirmation of the Second Amended
Plan; and (c) declarations and any other evidence in support of the
confirmation of the Second Amended Plan.

June 15, 2018 is fixed as the last day for creditors, equity
security holders, or any other parties-in-interest to file and
serve an objection to the confirmation of the Second Amended Plan.

June 22, 2018 is fixed as the last day for the Debtor or any other
party-in-interest to file and serve a reply to a Plan Objection.

A Case Management Conference will be held in the Debtor's case on
June 26, 2018 at 2:00 p.m.

               About Integrated Wealth Management

Petitioning creditors filed an involuntary Chapter 7 against Palm
Springs, California-based Integrated Wealth Management, Inc. --
www.iwmgmt.com -- on July 12, 2017, based on credible evidence of
fraud, misconduct, and self-dealing by the Debtor's former
principal.  The principal's ex-spouse, who also serves as the
representative of that principal's estate and successor to that
principal's trust, appointed himself sole director and currently
serves as the Debtor's de facto manager.  On January 10, 2018, the
involuntary petition was approved by the Court and the Chapter 7
petition was converted to Chapter 11 reorganization.

The Chapter 11 case is In re Integrated Wealth Management, Inc.,
Case No. 17-15816 (Bankr. C.D. Cal.).


INTEMA SOLUTIONS: Remedies Default to File Financial Statement
--------------------------------------------------------------
Intema Solutions Inc. (ITM) on May 23, 2018, disclosed that the
filing of its audited financial statements for the fiscal year
ended December 31, 2017, including the related management
discussion and analysis, and CEO and CFO certifications
(collectively, the "Annual Financial Filings") has been completed
on May 23, 2018.

By filing the Annual Financial Filings, the Company has remedied
its default to file annual financial statements for 2017 as it was
detailed in the press release dated April 5, 2018 (the "Default").

Management expects that the Management Cease Trade Orders issued in
connection with this Default will be revoked shortly.

                  About Intema Solutions Inc.

Intema -- http://www.intema.com/-- develops technologies for
marketing and services related to predictive marketing,
relationship marketing, database marketing and Blockchain
applications.  


JONES ENERGY: Stockholders Elected Two Directors at Annual Meeting
------------------------------------------------------------------
Jones Energy, Inc. disclosed that the nominees for election of
Class II directors, Mike S. McConnell and Hal S. Washburn, have
been elected at the Company's annual meeting of stockholders held
on May 22, 2018.  The proposal to amend the Company's Amended and
Restated Certificate of Incorporation permitting the Company to
effect a reverse stock split of the Class A common stock and the
Class B common stock of not less than 1-for-5 and not more than
1-for-20, at the discretion of the Board of Directors has been
approved.  Moreover, the proposal to ratify the appointment of
PricewaterhouseCoopers LLP as the Company's independent registered
public accounting firm was also approved.

                        About Jones Energy

Austin, Texas-based Jones Energy, Inc. --
http://www.jonesenergy.com/-- is an independent oil and natural
gas company engaged in the development and acquisition of oil and
natural gas properties in the Anadarko basin of Oklahoma and Texas.
Jones Energy was formed in March 2013 as a Delaware corporation to
become a publicly-traded entity and the holding company of Jones
Energy Holdings, LLC.  Additional information about Jones Energy
may be found on the Company's website at: www.jonesenergy.com.

Jones Energy reported a net loss attributable to common
shareholders of $109.41 million in 2017, a net loss attributable to
common shareholders of $45.22 million in 2016, and a net loss
attributable to common shareholders of $2.38 million in 2015.

As of March 31, 2018, Jones Energy had $1.94 billion in total
assets, $1.29 billion in total liabilities, $89.66 million in
series A preferred stock, and $558.35 million in total
stockholders' equity.

                      NYSE Noncompliance

On March 23, 2018, the New York Stock Exchange notified the Company
that it was non-compliant with certain continued listing standards
because the price of the Company's Class A common stock over a
period of 30 consecutive trading days had fallen below $1.00 per
share, which is the minimum average closing price per share
required to maintain a listing on the NYSE.  The Company now has a
six-month cure period to regain compliance.  Within the cure
period, the Company may regain compliance if the closing price per
share is $1.00 or higher on the last trading day of a given month,
or at the end of the cure period.  Additionally, the 30-day average
closing price per share must also be $1.00 or higher.  The Company
previously received a similar notice on Dec. 26, 2017, but regained
compliance on Feb. 1, 2018.

                           *    *    *

As reported by the TCR on April 16, 2018, Fitch Ratings downgraded
the Long-Term Issuer Default Rating (IDR) of Jones Energy Holdings,
LLC (JEH) and its parent, Jones Energy Inc. (NYSE: JONE) to 'CCC-'
from 'CCC'.


KADMON HOLDINGS: Principal Accounting Officer Quits
---------------------------------------------------
Charles Darder has informed Kadmon Holdings, Inc. that he will
resign from the Company as principal accounting officer,
controller, to pursue other opportunities.  Mr. Darder's
resignation is effective on June 1, 2018.

Upon the effectiveness of Mr. Darder's resignation, Konstantin
Poukalov, the Company's chief financial officer, will serve as the
Company's principal accounting officer in addition to continuing as
the Company's principal financial officer.

                     About Kadmon Holdings

Kadmon Holdings, Inc. -- http://www.kadmon.com/-- is a
biopharmaceutical company engaged in the discovery, development and
Commercialization of small molecules and biologics within
autoimmune and fibrotic diseases, oncology and genetic diseases.
The Company is headquartered in New York, New York.

Kadmon Holdings reported a net loss attributable to common
stockholders of $81.69 million in 2017, a net loss attributable to
common stockholders of $230.48 million in 2016, and a net loss
attributable to common stockholders of $147.08 million in 2015.  As
of March 31, 2018, Kadmon Holdings had $63.78 million in total
assets, $55.85 million in total liabilities and $7.93 million in
total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2017, noting that the Company has suffered recurring
losses from operations and expects losses to continue in the future
that raise substantial doubt about its ability to continue as a
going concern.


KB HOME: Moody's Alters Outlook to Pos. & Affirms B1 CFR
--------------------------------------------------------
Moody's Investors Service changed the rating outlook for KB Home to
positive from stable and affirmed all of the company's ratings,
including its B1 Corporate Family Rating (CFR), B1-PD Probability
of Default Rating (PDR), B1 rating on senior unsecured notes, (P)B1
rating on senior unsecured shelf registration, and SGL-2
Speculative-Grade Liquidity Rating.

The positive rating outlook reflects the trajectory of KB Home's
improving financial strength and operating performance and Moody's
expectations that the company will de-lever below 45% Moody's
homebuilding debt to book capitalization ratio and increase its
Homebuilding EBIT to interest coverage above 4.0x over the next
12-18 months. Moody's anticipates this improvement will result from
continued earnings growth and the company's positive free cash flow
generation, which can be applied to reduce debt. KB Home repaid
$265 million of debt with cash flow in FY 2017 and announced its
plan to use cash to retire $300 million of 7.25% senior unsecured
notes due June 15, 2018. Pro forma for the planned June 2018 debt
repayment, the company's homebuilding debt to book capitalization
and homebuilding EBIT to interest coverage (inclusive of Moody's
adjustments) will improve to 53% and 3.7x, respectively, from 57%
and 3.2x at February 28, 2018. KB Home's credit profile has also
been supported by solid revenue growth that enhances its scale and
gradual improvement in gross margins as more sales come from newer
higher margin communities while inactive land declines over time.

The following rating actions were taken:

Issuer: KB Home:

Corporate Family Rating, affirmed at B1

Probability of Default Rating, affirmed at B1-PD

Senior unsecured notes, affirmed at B1 (LGD4)

Senior unsecured shelf registration, affirmed at (P)B1

Speculative-Grade Liquidity Rating, affirmed at SGL-2

The rating outlook changed to positive from stable.

RATINGS RATIONALE

KB Home's B1 Corporate Family Rating is supported by: 1) a shift
toward a more conservative financial policy focused on improving
the balance sheet and Moody's expectation that the company's debt
leverage will decline over the next 12 to 18 months through
earnings growth and retention and the reduction of debt; 2) KB
Home's large scale with revenues of $4.4 billion and home
deliveries of nearly 11,000 as of the LTM period ending February
28, 2018, making it the 7th largest homebuilder in the US; 3) the
company's $1.8 billion equity balance; 4) Moody's positive outlook
for the homebuilding industry and the expectation that KB Home will
continue to demonstrate healthy revenue growth over the next 12 to
18 months; 5) approximately half of KB Homes' sales generated by
the first-time home buyer segment, and its expectation that the
company will benefit from the demand of the millennial population
anticipated to enter the housing market over the next several
years.

At the same time, the company's credit profile is constrained by:
1) KB Home's Moody's-adjusted gross margins that are below the
median for the peers rated B1, B2, and Ba3 (of 17.3% versus the
median of 18.5% in the LTM period), although, on an unlevered basis
the company's margins are in line with the peers at 22%; 2) the
company's concentration in California, from where it derived 50% of
revenues in FY 2017, but only 31% of deliveries; 3) KB Home's
supply of inactive land of 10% of total inventory as of February
28, 2018, which tends to generate below company average gross
margins, although Moody's acknowledges that KB Home continues to
make strides in reducing its inactive land position.

The Speculative Grade Liquidity Rating of SGL-2 reflects Moody's
assessment that KB Home will maintain a good liquidity profile over
the next 12-15 months and takes into consideration internal
sources, external sources, covenant compliance, and alternate
sources of liquidity. The company's liquidity is supported by its
sizeable unrestricted cash position of $560 million at February 28,
2018, Moody's expectations of positive cash flow generation over
the next 12-15 months, ample availability under the company's $500
million unsecured revolving credit facility expiring in July 2021,
and comfortable cushion under financial covenants.

The ratings could be upgraded if KB Home reduces its homebuilding
debt to book capitalization below 45% and increases homebuilding
EBIT coverage of interest beyond 4.0x, while continuing to improve
its gross margins. An upgrade would also consider maintaining a
good liquidity profile and continued tailwinds in the homebuilding
industry.

The ratings could be downgraded if the company's homebuilding debt
to book capitalization increases above 55%, homebuilding EBIT
coverage of interest falls below 2.0x, gross margins deteriorate
significantly, and the company's liquidity profile weakens.

The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in January 2018.

Headquartered in Los Angeles, KB Home is one of the country's
largest homebuilders, with a presence in 35 markets and four
geographic regions, including the West, Southwest, Central, and
Southeast. The company builds attached and detached single-family
residential homes, townhomes and condominiums for first-time, first
move-up and active adult homebuyers. In the LTM period ending
February 28, 2018, KB Home total revenues and consolidated net
income were $4.4 billion and $95 million, respectively.


LAST FRONTIER: Taps David H. Bundy as Legal Counsel
---------------------------------------------------
Last Frontier Air Ventures, Ltd. seeks approval from the U.S.
Bankruptcy Court for the District of Alaska to hire David H. Bundy,
PC as its legal counsel.

The firm will advise the Debtor regarding the sale or refinancing
of its property; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

The firm neither holds nor represents any interest adverse to the
Debtor's bankruptcy estate, according to court filings.

David H. Bundy can be reached through:

     David H. Bundy, Esq.
     David H. Bundy, PC
     310 K Street, Suite 200
     Anchorage, AK 99501
     Tel: (907) 248-8431
     Fax: (907)248-8434
     Email: dhb@alaska.net

                About Last Frontier Air Ventures

Last Frontier Air Ventures, Ltd. -- http://www.lfav.com/-- is a
full service, diverse helicopter company owned by David King.  The
company offers helicopter support for mineral exploration, survey,
research and development, slung cargo, video and film projects,
aerial photography, tours, crew transport, heli skiing, short- and
long-term contracts.  The company has four Astar 350B2 MD 500D
aircraft.  Last Frontier is based in Palmer, Arkansas.

Last Frontier Air Ventures sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Alaska Case No. 18-00154) on May 19,
2018.  In the petition signed by David W. King, president, the
Debtor estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  

Judge Gary Spraker presides over the case.


LH ANESTHESIA: Case Summary & 4 Unsecured Creditors
---------------------------------------------------
Debtor: LH Anesthesia Associates, P.A.
        Attn: Lisa Holley
        4601 Old Shepherd Place #210
        Plano, TX 75093

Business Description: LH Anesthesia Associates, P.A. is a
                      privately held company in Dallas, Texas
                      that provides anesthetic services.

Chapter 11 Petition Date: May 25, 2018

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Case No.: 18-42038

Judge: Hon. Mark X. Mullin

Debtor's Counsel: Marilyn D. Garner, Esq.
                  LAW OFFICE OF MARILYN GARNER
                  2007 E. Lamar Boulevard, Ste 200
                  Arlington, TX 76006
                  Tel: (817) 505-1499
                  Fax: 817-549-7200
                  Email: mgarner@marilyndgarner.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lisa Holley, president.

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

                       http://bankrupt.com/misc/txnb18-42038.pdf


LIFESTAT AMBULANCE: June 28 Plan Confirmation Hearing Set
---------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
has conditionally approved the disclosure statement explaining
Lifestat Ambulance Service, Inc.'s Chapter 11 small business plan
and scheduled for June 28, 2018, at 11:00 AM, the hearing to
consider final approval of the disclosure statement and
confirmation of the Plan.

June 21, 2018 is fixed as the last day for filing written
objections to the disclosure statement and/or to confirmation of
the plan.

Under the Plan, Class 9 - Priority Unsecured Creditors will be paid
in full at interest over 60 months, while Class 10 - General
Unsecured Creditors will receive 100% of their Allowed Claims.

The Debtor is averaging a $1,900 profit based on the income and
expenses during that period.  The Debtor is currently paying
$11,740.95 per month to creditors that will be paid in the Plan.
The total amount to be paid on a monthly basis to creditors in the
Plan is $9,553.  Consequently, the Debtor will be paying $2,187.96
less per month under the Plan than the Debtor is paying while in
the reorganization proceeding.  Together with the $1,900 average
monthly profit over the last seven months, the Debtor will then
have income above expenses of approximately $4,088 per month which
can be saved for unexpected expenses or unprofitable months.
Further, all classes of creditors are being paid 100% of their
allowed claims pursuant to the Plan.

Estimated amount to be paid on effective date of Plan, including
administrative expenses: $4,875.00.

A full-text copy of the Disclosure Statement is available at:

        http://bankrupt.com/misc/pawb17-70646-114.pdf

                About Lifestat Ambulance Service

Headquartered in Saltsburg, Pennsylvania, Lifestat Ambulance
Service, Inc., is a 501(c)(3) non-profit entity that does business
an ambulance service.  The debtor does most of its business as an
on-call emergency service but also transports transplant patients
from all over the country.  Due to changes in the law that occurred
a few years prior to the bankruptcy case filing, the business had a
substantial decrease in revenue and increase in expenses.

Lifestat Ambulance Service filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 17-70646) on Aug. 31, 2017.
In the petition signed by John C. Kravetsky, president, the Debtor
estimated its assets and liabilities at between $100,001 and
$500,000.  Christopher M. Frye, Esq., at Steidl & Steinberg, serves
as the Debtor's bankruptcy counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case.


LOU FASCIO: Taps J.A. Solari & Partners as Accountant
-----------------------------------------------------
Lou Fascio Inc. received approval from the U.S. Bankruptcy Court
for the District of Nevada to hire J.A. Solari & Partners, LLC, as
its accountant.

The firm will assist the Debtor in the preparation of quarterly
payroll returns, income tax return for 2017 and financial
statements for fiscal year ended Dec. 31, 2017; and will provide
monthly bookkeeping services.

The firm will charge these hourly rates:

     Marcy West       $90     
     Janna Rager     $155
     Duke Kelley     $280

J.A. Solari does not represent any interest adverse to the Debtor's
estate, according to court filings.

The firm can be reached through:

         John A. Solari
         J.A. Solari & Partners, LLC
         500 Damonte Ranch Parkway, Suite 1008
         Reno, NV 89521
         Tel: 775-827-3550
         Fax: 775-827-5026
         E-mail: info@jasolariandpartners.com

                      About Lou Fascio Inc.

Lou Fascio, Inc. conducts trade shows in the Northern Nevada area.
The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 18-50379) on April 10, 2018.  In the
petition signed by Lou Fascio III, president, the Debtor estimated
assets of less than $500,000 and liabilities of less than $500,000.
Judge Bruce T. Beesley presides over the case.  The Debtor tapped
Harris Law Practice, LLC, as its legal counsel.


LRJ GLOBAL: Banco Desarollo to Get $2,493 Over 20 Years
-------------------------------------------------------
LRJ Global Quality Concrete amended the disclosure statement
explaining its Chapter 11 plan to disclose that it has appraised
its property at $430,000, and the Debtor will pay Banco de
Desarrollo Economico Para PR the full amount of the loan in 20
years with an interest of 3.5% with a monthly payment of $2,493.83.
The total interest to be paid will be $168,518.43 plus principal
of $430,000.00. The remainder amount of $33,051.08 claim will
participate in the pro-rata unsecured class.

A full-text copy of the Amended Disclosure Statement is available
at:

          http://bankrupt.com/misc/prb17-04359-56.pdf

               About LRJ Global Quality Concrete

Based in Yauco, Puerto Rico, LRJ Global Quality Concrete filed a
voluntary petition for reorganization pursuant to Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 17-04359) on June 19, 2017.
The Debtors' assets and liabilities are both below $1 million.  
The Debtor is represented by Nydia Gonzalez Ortiz, Esq. of Santiago
& Gonzalez.


MACK INDUSTRIES: Ch. 7 Trustee Seeks Court's OK to Sell Assets
--------------------------------------------------------------
Ronald R. Peterson, the Chapter 7 trustee for the bankruptcy
estates of Mack Industries Ltd. and Oak Park Avenue Realty Ltd.,
seeks authority from the U.S. Bankruptcy Court for the Northern
District of Illinois for authority to sell certain parcels and lots
of real estate or interests in certain real estate belonging to
some or all of the Debtors.

Last date for objecting or responding to the trustee's request to
approve the proposed sales is on May 31, 2018, and that the
hearings on the proposed sales are set for June 7, 2018.

For more information about the proposed sales, email
mackbankruptcy@jenner.com to request a copy of the full notice of
sales of real estate free and clear by or before May 24, 2018, at
5:00 p.m. (CST) with the subject line "Request for Sales Notice"
and your name, company, or business name if applicable in the body
of the email.

                     About Mack Industries

Headquartered in Tinley Park, Illinois, Mack Industries, Ltd. --
http://www.mackcompanies.com/-- provides real estate management   
services.  Mack owns, develops, constructs, leases, and manages
real estate properties.  MACK serves customers in the State of
Illinois.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 17-09308) on March 24, 2017, estimating its assets at
$1 million to $10 million and liabilities at $10 million to $50
million.

Judge Carol A. Doyle presides over the case.  

Eric G. Zelazny, Esq., at the Law Offices Of Eric G. Zelazny, has
served as the Debtor's bankruptcy counsel.

On May 11, 2017, the court approved the appointment of Ronald R.
Peterson as Chapter 11 trustee for the Debtor.  Jenner & Block LLP
is the Trustee's bankruptcy counsel.


MCWOLLE DEVELOPMENT: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of McWolle Development Corp. as of May 25,
according to a court docket.

McWolle Development is represented by:

     Francis E. Hemmings, Esq.
     Hemmings & Snell LLP
     30 Wall Street, 8th Floor
     New York, NY 10005
     Tel: (212) 747-9560
     Fax: (212) 747-9564
     Email: general@hemmingssnell.com

                  About McWolle Development Corp.

McWolle Development Corp. is a privately-held company in Freeport,
New York, engaged in residential building construction.

McWolle Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 18-72623) on April 19,
2018.

In the petition signed by Ronald Fraser, vice-president, the Debtor
disclosed that it had estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.  

Judge Robert E. Grossman presides over the case.


MIDWEST PORTABLE: Inks Purchase Agreement with Renew Hydraulics
---------------------------------------------------------------
Midwest Portable Machine, Inc., amended the disclosure statement
explaining its Chapter 11 plan to disclose that it has signed an
asset purchase agreement with Renew Hydraulics, Inc.

The Asset Purchase agreement calls for the sale of substantially
all of the assets of the Debtor for the total purchase price of
$250,000.  The sale will be pursuant to the order of the Bankruptcy
Court in this proceeding under Chapter 11 of the Bankruptcy Code.

The Amended Plan will be funded through the sale of substantially
all of the assets of the Debtor to This sale will be subject to the
approval of the Court.

A full-text copy of the Amended Disclosure Statement is available
at:

         http://bankrupt.com/misc/insb17-70587-80.pdf

                  About Midwest Portable Machine

Midwest Portable Machine, Inc., is an Indiana Corporation organized
under the laws of the State of Indiana and conducting business
within the State of Indiana at its plant in Booneville, Indiana.
The Debtor's business relates to repairing heavy equipment and
machinery primarily for the coal industry.

Midwest Portable Machine filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Ind. Case No. 17-70587) on June 13, 2017.  John Andrew
Goodridge, Esq., who has an office in Evansville, Indiana, serves
as the Debtor's bankruptcy counsel.

No committee of unsecured creditors has been appointed.


MISSING LYNX: Taps Devesh Pathak as Accountant
----------------------------------------------
The Missing Lynx Express, Inc., seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire an
accountant.

The Debtor proposes to employ Devesh Pathak, a certified public
accountant, to provide bookkeeping services; assist in the
preparation of tax returns; and provide other accounting services.

Mr. Pathak will be paid $350 per month for bookkeeping and $750 for
annual tax preparation.  Any additional services will be billed at
an hourly rate of $75.  The Debtor anticipates these additional
services will average $150 per month.

In a court filing, Mr. Pathak disclosed that he is a "disinterested
person" as defined in section 101(14) of the Bankruptcy Code.

Mr. Pathak maintains an office at:

     Devesh Pathak
     9700 Richmond Avenue, Suite 127
     Houston, TX 77042
     Phone: +1 832-419-7576

                  About The Missing Lynx Express

The Missing Lynx Express, Inc., is a white glove delivery and
install company based in Spring, Texas, which provides service and
installation for all major appliances.

The Missing Lynx Express filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 18-31255) on March 13, 2018, estimating under $1
million in assets and liabilities.  J. Thomas Black, Esq., at J.
Thomas Black, P.C., is the Debtor's counsel.


MOREHEAD MEMORIAL: Seeks 30-Day Solicitation Period Extension
-------------------------------------------------------------
Morehead Memorial Hospital filed with the U.S. Bankruptcy Court for
the Middle District of North Carolina, a third motion for 30 days
extension of the Debtor's exclusive period for obtaining
acceptances of a plan.

On March 21, 2018, the Debtor filed the Disclosure Statement and a
Joint Chapter 11 Plan of Orderly Liquidation (including all
exhibits thereto and as amended, modified, or supplemented from
time to time).

On April 25, 2018, the Disclosure Statement Hearing was held.
Consequently, on May 2, 2018, the Debtor filed an Amended
Disclosure Statement for its First Amended Joint Chapter 11 Plan of
Orderly Liquidation.

Subsequently on May 2, 2018, the Court entered an Order, which
approved the Disclosure Statement and set the time, date, and place
of the hearing to consider confirmation of the Amended Plan for
June 13, 2018, at 9:30 a.m.

The Debtor has already filed its Plan, and is currently awaiting
the Confirmation Hearing. Therefore, the Debtor needs additional
time to obtain acceptances for the Plan for a period of 30 days.

                    About Morehead Memorial

Founded in 1924, Morehead Memorial Hospital --
http://www.morehead.org/-- is a North Carolina non-profit
corporation that owns and operates a 108-bed general acute care
community hospital on a 22-acre campus located at 117 East Kings
Highway, Eden, North Carolina.  Within the Hospital Real Property,
Morehead Memorial also owns and operates a 121-bed skilled nursing
facility.  It also owns several other parcels of real property
located in Eden that are contiguous to, or in the general vicinity
of, the Hospital Real Property.

Morehead Memorial Hospital filed for Chapter 11 bankruptcy
protection (Bankr. M.D.N.C. Case No. 17-10775) on July 10, 2017,
estimating its assets and liabilities at between $10 million and
$50 million.  CEO Dana M. Weston signed the petition.

Judge Benjamin A. Kahn presides over the case.

Thomas W. Waldrep, Jr., Esq., Jennifer B. Lyday, Esq., and
Francisco T. Morales, Esq., at Waldrep LLP, serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Womble Carlyle as
special counsel; Grant Thornton LLP as financial advisor; Hanlon
Hammond Camp LLC as investment banker and operational and strategic
advisor; and Donlin, Recano & Company, Inc., as claims and noticing
agent.

On July 24, 2017, William Miller, the bankruptcy administrator for
the Middle District of North Carolina, appointed an official
committee of unsecured creditors.  The Committee retained law firms
Nelson Mullins Riley & Scarborough LLP, and Sills Cummis & Gross,
P.C., as co-counsel.

No request for the appointment of a trustee or examiner has been
made in this Chapter 11 case.


NATIONAL MANAGEMENT: Taps Ravin Greenberg as Legal Counsel
----------------------------------------------------------
National Management and Preservation Services LLC seeks approval
from the U.S. Bankruptcy Court for the District of New Jersey to
hire Ravin Greenberg, LLC, as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Chad Friedman, Esq., and Brian Baker, Esq., the attorneys who will
be handling the case, will charge $385 per hour and $395 per hour,
respectively.

The Debtor paid the firm a retainer in the sum of $12,495, plus a
Chapter 11 conversion filing fee of $922.

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

Ravin Greenberg can be reached through:

     Brian L. Baker, Esq.
     Ravin Greenberg, LLC
     24 Commerce Street, Suite 420
     Newark NJ 07102
     Telephone: (973) 226-1500/(973) 370-0157
     Facsimile: (973) 718-4340
     Email: cfriedman@ravingreenberg.com

                   About National Management and
                       Preservation Services

An involuntary Chapter 7 bankruptcy petition was filed against
National Management and Preservation Services LLC on April 6, 2018.
The petitioning creditors are Garden State Property Services Inc.,
The Cole Team Inc., and Eleuteria Sandra Hering.  The case was
converted to one under Chapter 11 (Bankr. D. N.J. Case No.
18-16859).  Judge Christine M. Gravelle presides over the case.


NEIMAN MARCUS: Parent Adds Two New Members to Board
---------------------------------------------------
The Board of Directors of Neiman Marcus Group, Inc., the indirect
parent of Neiman Marcus Group LTD LLC, has elected Alan Herrick as
a member of the Parent Board.  Most recently, Mr. Herrick served as
chairman and CEO of Publicis.Sapient, the combined digital
transformation division of Publicis Groupe consisting of Sapient,
Razorfish and DigitasLBi.  Prior to that, Mr. Herrick served as
president, CEO and co-chairman of Sapient Corporation, a
publicly-traded digital business transformation services company.

Parent has entered into a board service agreement with Mr. Herrick
pursuant to which he will receive an annual fee of $75,000 for his
service as a director on the Parent Board.  Mr. Herrick was granted
an award of stock options to purchase 1,400 shares of Class A
common stock and Class B common stock of Parent, pursuant to
Parent's Management Equity Incentive Plan.  Half of the stock
options will be subject to time-based vesting over five years,
subject to Mr. Herrick's continued board service, and the other
half of the stock options will be subject to performance-based
vesting.  He was also granted an award of 250 restricted Common
Stock Units, which are subject to time-based vesting over four
years, subject to Mr. Herrick's continued board service, pursuant
to the Parent's Management Equity Incentive Plan.

On May 23, 2018, the Parent Board elected Cesare Ruggiero as a
member of the Parent Board and also appointed him to the Audit
Committee of the Parent Board.  Mr. Ruggiero is a senior principal
in the Portfolio Value Creation group at CPP Investment Board.  Mr.
Ruggiero replaced Scott Nishi, who resigned as a director from
Parent and as a member of the Audit Committee effective as of May
22, 2018.  Neiman Marcus said Mr. Nishi's resignation was not the
result of any disagreement with Parent or the Company on any
matter.

                     About Neiman Marcus

Headquartered in Dallas, Texas, Neiman Marcus Group LTD LLC --
http://www.neimanmarcusgroup.com/-- is a luxury, multi-branded,
omni-channel fashion retailer conducting integrated store and
online operations under the Neiman Marcus, Bergdorf Goodman, Last
Call, Horchow, CUSP, and mytheresa brand names.

Neiman Marcus incurred a net loss of $531.8 million for the fiscal
year ended July 29, 2017, following a net loss of $406.1 million
for the fiscal year ended July 30, 2016.

As of Jan. 27, 2018, Neiman Marcus had $7.62 billion in total
assets, $6.78 billion in total current and long-term liabilities
and $839.01 million in total member equity.

                           *    *    *

As reported by the TC.R on March 17, 2017, Moody's Investors
Service downgraded Neiman Marcus' Corporate Family Rating to 'Caa2'
from 'B3' and its Probability of Default Rating to 'Caa2-PD' from
'B3-PD'.  The company's Speculative Grade Liquidity rating is
affirmed at 'SGL-2'.  The outlook is changed to negative from
stable.  "The downgrade of NMG's Corporate Family Rating reflects
the continued weakness in its financial results as it faces both
the cyclical and secular challenges that face the North America
luxury department stores", says Christina Boni, VP senior analyst.
"Its designation of its MyTheresa.com operations and certain owned
properties to unrestricted subsidiaries reduces assets coverage for
its debt obligations.  The hiring of a financial advisor to
evaluate strategic alternatives also signals the likelihood of its
capital structure being addressed well before its first significant
debt maturity in October 2020.  Despite good liquidity, overall
leverage levels remain well above what can be refinanced and a path
to return to peak EBITDA levels is unlikely in the present
operating environment."


NEOVASC INC: Symposium Generates Increased Interest in Reducer
--------------------------------------------------------------
Neovasc Inc. provided highlights from EuroPCR, the annual meeting
of the European Association of Percutaneous Cardiovascular
Interventions (EAPCI) of the European Society of Cardiology (ESC),
which took place at the Palais des Congres in Paris, France May
22-25.  Neovasc management held numerous discussions throughout
EuroPCR with European physicians regarding their interest in either
participating in the ongoing Tiara (the "Tiara") clinical trials or
in using the Neovasc Reducer (the "Reducer") product for their
patients suffering from refractory angina.  

Tiara

"We had a successful and engaging meeting with investigators in our
Tiara-II trial regarding clinical results to-date, optimal
screening process, best practices for implantation, and a direct
comparison of published Tiara clinical results with results from
mitral clipping procedures," commented Fred Colen, Neovasc's chief
executive officer.

"There was also a presentation of results from our first animal
feasibility study for the trans-septal version of Tiara.  We
collected additional input and feedback from investigators, and
these results, along with the updates and discussions in general at
the TIARA-II Investigator meeting, appear to have excited our
implanting physicians," continued Mr. Colen.

Dr. Anson Cheung also presented the latest clinical results of the
Tiara valve during the Mitral Valve Replacement session, noting
that 56 patients had been implanted to date and the 30-day survival
rate was 94%, with trace or no remaining mitral regurgitation in
most cases.

Reducer

Dr. Stefan Verheye and Dr. Shmuel Banai hosted a symposium on the
Reducer, which included presentations from physicians on their
clinical experience with Reducer, discussions about potential
additional applications for Reducer, and a cost/benefit analysis of
Reducer utilizations for healthcare systems.

"We were delighted by the interest from physicians in the Reducer
this year, and attendance at the symposium exceeded capacity.  It
was an extraordinary experience, and it reconfirmed our belief in
Reducer as a safe and effective product that we expect to generate
improved results now that it is being used more broadly across
Europe.  We believe that for too long this product's value has been
heavily discounted by its stakeholders." concluded Mr. Colen.

The scheduled live case of a Reducer implant did not take place as
planned because the patient was feeling better and withdrew from
the procedure.

                        About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Neovasc Reducer, for the treatment of refractory angina, which is
not currently available in the United States and has been available
in Europe since 2015, and the Tiara, for the transcatheter
treatment of mitral valve disease, which is currently under
clinical investigation in the United States, Canada and Europe.

Neovasc reported a net loss of US$22.91 million on US$5.38 million
of revenue for the year ended Dec. 31, 2017, compared to a net loss
of US$86.49 million on US$9.51 million of revenue for the year
ended Dec. 31, 2016.  As of Dec. 31, 2017, the Company had US$22.20
million in total assets, US$58.66 million in total liabilities and
a total deficit of US$36.47 million.

Grant Thornton issued a "going concern" opinion in its report on
the consolidated financial statements for the year ended Dec. 31,
2017, stating that the Company incurred a consolidated net loss of
US$24.86 million during the year ended December 31, 2017, and, as
of that date, the Company's consolidated current liabilities
exceeded its current assets by US$6,060,895.  The auditors said
these conditions, along with other matters, indicate the existence
of a material uncertainty that casts substantial doubt about the
Company's ability to continue as a going concern.


NORTHERN MARIANA CPA: Fitch Affirms B+ on 1998A Airport Rev. Bonds
------------------------------------------------------------------
Fitch Ratings has affirmed the 'B+' rating on Commonwealth Ports
Authority (CPA), Commonwealth of the Northern Mariana Islands'
(CNMI) approximately $10.2 million of outstanding senior series
1998A airport revenue bonds. The Rating Outlook is Stable.

KEY RATING DRIVERS

The rating reflects a small air traffic base with risk of elevated
volatility tied to the islands' limited economy. Also reflected are
improving cash flows and debt service coverage, anchored by use of
full passenger facility charge (PFC) collections. Manageable
capital needs coupled with balance sheet liquidity in excess of
debt outstanding further support the rating. Fitch's rating case
debt service coverage ratio (DSCR) averages more than 2.0x through
2022 when fully applying PFC collections as revenues.

Highly Volatile Enplanement Base - Revenue Risk (Volume): Weaker
The airport system is an essential enterprise, serving as the
gateway to and within the Mariana Islands. The enplanement base of
around 758,315 passengers is relatively small taking into account
the overall population base and the island's more limited, weaker
economy. Traffic performance is potentially vulnerable to
underlying economic stresses given the significant component of
traffic tied to the tourism industry and service offerings are
limited.

Limited Pricing Power- Revenue Risk (Price): Weaker
Rate setting practices with airlines have not been clearly
established and have historically been more reactive, based on
financial pressures. Limited pricing power could constrain
financial flexibility under an adverse operating environment. Fitch
views positively CPA's proactive move to negotiate a new defined
rate methodology with airlines and implementation of a new airline
use and lease agreement (AUA) is expected for fiscal 2019. The
ability for the airports to utilize 100% of PFC collections for
debt service provides enhanced cushion to manage revenue levels and
support financial obligations while keeping airline costs stable.
Current PFC collection authority runs through June of 2021, but
additional applications are expected.

Moderate Capital Plan- Infrastructure Development & Renewal:
Midrange

The authority's capital improvement plan (CIP) is modest at $24.2
million through fiscal 2019. Existing projects include improvements
to passenger loading bridges, updates to the safety management
system, and expansion of the aircraft rescue firefighting training
facilities (ARFF), among others. The CIP is predominantly
grant-funded with only a modest amount coming from CPA funds. To
the extent a significant portion of PFC revenue is needed for debt
service, it could hamper the airports' ability to provide required
matching funds, thus limiting grant receipts. However, CPA's
substantial build-up of liquidity partially mitigates this risk. A
new master plan is in the works and additional debt may be incurred
for CPA's $16 million runway rehabilitation project, though
financing options are still being evaluated.

Conservative Capital Structure- Debt Structure: Stronger
The authority maintains 100% fixed-rate, fully amortizing senior
debt. Annual debt service payments are essentially level and final
maturity on the bonds is in 2028. Structural features are strong
and in line with most of Fitch's rated airports. A small amount of
additional debt is possible in the near term, but financing options
are still being evaluated.

Financial Profile

CPA generated a robust DSCR of 5.5x in fiscal 2017, benefiting from
full PFC application as revenues, up from 2.2x in fiscal 2016. The
authority has reserves in excess of debt outstanding such that
leverage is negative. The ability to treat all PFCs as revenues
provides stability and has helped grow days cash on hand (DCOH)
significantly over the past several years to over 800 days in
fiscal 2017. Fitch estimates cost per enplanement (CPE) in fiscal
2017 to have decreased to $14.89, down from $15.37.

PEER GROUP

Harrisburg (PA), rated 'BB+'/Outlook Stable, serves as a comparable
peer in terms of its small hub size with weaker revenue
characteristics and elevated CPE profile. Both historically have
enplanement bases of around 600,000 and CPE of around $15-$16;
however, Harrisburg has a more stable enplanement base due to a
stronger MSA workforce. CPA demonstrates higher coverage and
significantly lower leverage, though these are necessary to
mitigate its more volatile operating and financial profiles.

RATING SENSITIVITIES
Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action:

The CPA airports' heavy reliance on tourism and leisure travelers,
creating an elevated degree of vulnerability to economic recessions
both within its narrow local market as well as to the larger,
neighboring Asian markets, limits upward rating mobility.
Notwithstanding the former:

  --FAA PFC application approval allowing for continued collection
and use of 100% of PFCs as gross revenues and leading to sustained
favorable trends in balance sheet liquidity and strong financial
ratios;

  --Continued improvements in the underlying service area economy
and the airports' ability to maintain or grow its current traffic
base.

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

  --Material declines in enplanement volume given the small,
volatile base;

  --Material declines in DSCR resulting from increased operating
expenses and/or the CPA Board's failure to sufficiently apply the
full collection of PFCs as gross revenues;

  --Identified longer-term capital projects that would rely on
significant debt issuances for funding that materially weaken the
financial profile.

CREDIT UPDATE

Performance Update

System enplanements were up 24.6% to 758,315 in fiscal 2017. CPA's
enplanement growth continues to be driven by Saipan International
Airport (94% of total), which increased 25% in fiscal 2017 to
714,615. West Tinian enplanements remained nearly flat at 28,762
and Rota International grew by 14% to 14,938. Nonetheless, these
two airports minimally affect the overall enplanement size.
Enplanements grew by a 5-year CAGR of 5.7% and 10-year rate of
3.7%. Fiscal year to date (FYTD) 2018 (six months through March)
system enplanements are up another 3.4%.

The airport system maintains a diverse carrier mix. Jeju Airlines
is now the largest carrier, capturing 20% market share, while
Sichuan and Asiana Airlines account for 12% and 15%, respectively.
Collectively, these three airlines account for close to 50% of the
airport system's market share. Notably, Delta Airlines and Cape Air
(collectively 16% market share) plan to cease operations by June
2018. However, management expects new service from Beijing capital,
which recently began operations in July 2017, and daily operations
from United Airlines, slated to begin daily operations in June
2018, to offset those enplanement losses.

Fiscal year (FY) 2017 aviation and other fees were up 21% from the
prior year to $11.3 million, while enplanements grew 24.6%.
Aviation and other fees' five-year CAGR is 7.2%. Non-aviation
revenues grew 16.5% to $5.8 million, in part due to a scheduled
escalation clause applied every five years to long-term leases. The
five-year CAGR is around 7%. Operating costs increased 6.3% to
$13.4 million due to elevated personnel and benefits expense. The
airport reported no bad debt write-offs.

The current three-year capital improvement plan through 2019 is
modest and totals $24.2 million. Approximately 65% of capex
spending is directed toward Saipan Airport, 24% at Tinian, and 11%
at Rota. The CIP is nearly all FAA funded, with a select few
projects partly funded by CPA. Existing projects include
improvements to the passenger loading bridges, updates to the
safety management system, expansion to the aircraft rescue
firefighting training facility, and improvements to the commuter
terminal system at Saipan International Airport, along with general
maintenance and improvements to facilities. The airport recently
completed its airline office renovations, and is approaching
completion on the taxiway rehabilitation, car rental building
renovations, and the TNI terminal improvement projects. Management
is considering various financing options to assist in funding its
$16 million runway rehabilitation project, but has yet to finalize
any arrangements.

FY17 DSCR is 5.5x (including 100% PFCs), up from 2.3x, due to
strong enplanement growth leading to increased CFADS of $7.7
million and a level debt service profile. CPE remained relatively
stable, falling slightly to $14.89 from $15.37 in FY16. Day's cash
on hand rose to 816 from 705, attributed to an increase in
unrestricted cash & equivalents to $25.4 million from $20.8
million. Leverage (net debt/CFADS) became increasing negative as
balance sheet liquidity exceeds debt outstanding. The $4.50 PFC
collection authority remains in place through June 2021, though the
airport submitted an application to the FAA that if approved as
presented, would extend the expiration date to 2024. Management
expects a final decision by July 2018.

CPA has postponed the implementation of the new rate methodology
until fiscal year 2019. The previous AUA remains in effect.

Fitch Cases

The Fitch base case forecasts enplanements to grow 2.4% in 2018
with aviation and other revenue estimated to grow by 2% and 2.4%,
respectively. Enplanements are held flat thereafter and operating
revenues are grown at 1.5% per annum. Expenses are grown at 2.5%
per year, following the 14.6% increase for fiscal 2018 based on
year-to-date results. DSCR is no less than 1.5x through 2022 and
averages 2.9x. DSCR of 1.5x in 2022 reflects the current expiration
of CNMI's PFC application and the assumption that only a portion of
total PFC collections will be available as gross revenues. CPE is
forecast to remain relatively flat, averaging $15.28 through 2022
and leverage is forecast to become increasingly negative.

The Fitch rating case assumes that 2018 monthly enplanement growth
slows such that annual growth is a lesser 1.2%. Thereafter, system
enplanements are stressed by -13.3% in fiscal 2019 reflecting an 8%
loss at Saipan airport and the complete loss of traffic at both
West Tinian and Rota airports. Enplanement recovery of 1.0%-1.5%
per year is modelled beginning in fiscal 2020. Operating revenues
fall 1.1% in 2019 as a result of the traffic loss but grow between
2.0% per year thereafter. Operating expenses are stressed an
additional 50 basis points in 2018, are held flat in 2019 when
enplanements fall, and are assumed to grow at 3.5% thereafter. DSCR
is no less than 1.1x in 2018-2022, and averages 2.5x. Again, the
lower DSCR of 1.1x (2022) reflects the expiration of CNMI's PFC
application and the uncertainty regarding the resultant applicable
portion allowable for debt service. Leverage remains negative and
CPE would rise to $17.74 by 2022. Liquidity remains a key credit
strength and provides a mitigant to periods of financial
underperformance. Under Fitch's rating case assumptions, should the
allowable PFCs as revenues return to $446,000 for eligible debt
service only, CPA would still have more than enough cash and
reserves to service any coverage shortfall.


NORTHERN MARIANA CPA: Fitch Hikes Rating 1998A/2005A Bonds to BB
----------------------------------------------------------------
Fitch Ratings has upgraded to 'BB' from 'BB-' the rating on
approximately $23.5 million of outstanding Commonwealth Ports
Authority (CPA), Commonwealth of the Northern Mariana Islands
(CNMI) senior series 1998A & 2005A seaport revenue bonds. The
Rating Outlook is Stable.

KEY RATING DRIVERS

The upgrade reflects CNMI's sustained revenue performance with
controlled expenses, resulting in financial metrics in excess of
Fitch's forecast expectations. While Fitch continues to recognize
the limited nature of the port's franchise in terms of potential
for volume growth and long-term contract stability, the amortizing
nature of the debt coupled with improving operating income results
in reduced dependence on future volume growth in order to meet debt
service obligations and ongoing maintenance needs.

Concentrated but Vital Cargo Base - Revenue Risk (Volume): Weaker
The seaports remain essential for the import of goods to an island
economy; however, there is potential for stagnant operational
trends due to CNMI's exposure to macroeconomic factors and its
elevated dependence on a limited tourist base. Volume stability is
expected given that food and fuel related cargos account for
approximately 45% of import-dependent revenue tonnage.

Limited Pricing Power - Revenue Risk (Price): Weaker
CNMI's narrow economy and exposure to economic volatility limit
management's economic flexibility to raise rates on seaport system
tenants and users. Following the last increase in 2009, the
authority's focus has instead been on effective containment of
operating expenses.

Modest Capital Improvement Plan - Infrastructure Development &
Renewal: Midrange

The ports once handled nearly twice as much cargo and are in
satisfactory condition to deal with current and forecast demand.
The authority's capital improvement plan (CIP) is manageable with
current on-going projects estimated at $2 million. The CIP is
predominantly grant-funded with remaining dollars expected to come
from internally generated funds. No additional debt is anticipated
in the near to medium term.

Conservative Capital Structure - Debt Structure: Stronger
The authority maintains 100% fixed-rate, fully amortizing debt with
a level debt service profile and a 2031 final maturity. Structural
features and reserves are sufficient and consistent with other
Fitch-rated ports.

Financial Profile:

CPA currently maintains favorable leverage and liquidity metrics
offset by modest coverage ratios. Estimated fiscal 2017 leverage of
less than 1x net debt-to-cash flow available for debt service
(CFADS), and growing balance sheet cash and reserves available for
operating expenses (nearly 3,200 days cash on hand [DCOH]), provide
the CPA with some degree of flexibility to meet financial
commitments in weak performing periods. DSCR has stabilized
following the 2009 rate increase and, more recently, grown to more
than 2x as a result of increased construction activity as economic
conditions improve.

PEERS

Paita (Peru), rated 'BB'/Stable, serves as a global peer with a
similar coverage level and regionally focused importance, but with
higher leverage; both ports have weaker volume risk attributes,
with CPA relying nearly 100% on import-based cargo. The Hawaii
Department of Transportation, rated 'AA-'/Stable, is a U.S. port
with a similar operational profile, strong financial metrics and
island economy structure. However, Hawaii's operations are on a
much larger scale, the service area is seen as less economically
volatile, and tariff increases are agreed upon for the next several
years, resulting in stronger volume assessment and midrange price
assessment all contributing to Hawaii's much higher rating. North
Carolina, rated 'A-'/ Stable, is the closest U.S. peer in terms of
ratings; however, it too has a stronger franchise than CPA and
larger, less volatile operations accounting for its higher rating.


RATING SENSITIVITIES

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

  --A severely weakened underlying service area economy that
results in the seaports' inability to maintain base cargo levels at
or near current levels;

  --Depressed DSCR levels resulting from declining operating
revenues despite growth in revenue tonnage;

  --A shift in the seaports' balance sheet liquidity and financial
flexibility resulting from changes in operating expense management
or pricing power.

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

  --Given the ports' limited operating profile and significant
exposure to local economic factors, positive rating migration is
not anticipated at present.

CREDIT UPDATE

Performance Update

Cargo tonnage remains concentrated with import-based commodities
such as fuel, construction materials and food accounting for
approximately, 31.6%, 15.8% and 13.7%, respectively. Total tonnage
increased by 5.2% in fiscal 2017 to 581,025 tons. The increase
remains tied to the improvement of the local economy, which has
spurred construction, as illustrated by steady inbound cargo growth
of construction materials, vehicles and heavy equipment, and
cement. Saipan is the largest port in the system, contributing
approximately 97% (or 560,438 tons) of total cargo volume, and is
vital to the islands' economy.

CPA exhibited stable operational performance that supported the
port's financial performance. Total operating revenues were
approximately $9.9 million in fiscal 2017, up from 8.9 million the
prior year. Seaport fees are the port's primary revenue driver, and
increased by 11% to $7.9 million, marking the fourth-consecutive
year of growth. The increase in harbor revenues is mainly due to
the rise in inbound cargo revenue tons due to the construction
projects in Saipan. Management expects inbound cargo to remain
stable given the construction activity for two new hotels on the
island. Non-harbor revenues also exhibited strong growth, up 50% to
$2 million, continuing an overall upward trajectory since 2012.

Fiscal 2017 operating expenses decreased 4.5% to $1.7 million. The
decrease is mainly reflective of lower insurance and maintenance
costs. With the exception of 2016, operating expenses have trended
downward historically.

Due to the port's stable operating performance, DSCR rose to 2.7x
in fiscal 2017 from 2.2x in 2016. Favorable trends in recent
financial performance have allowed liquidity to build such that CPA
now has approximately 3,200 DCOH and leverage of less than 1x net
debt/CFADS.

Fitch Cases

Fitch's base case assumes a financial profile generally consistent
with budgeted expectations for fiscal 2018 followed by a
zero-growth scenario thereafter. For fiscal 2018, harbor (seaport
fees) and non-harbor (concession and lease income) revenues are
assumed to grow by 4.0% and 10.2%, respectively, while operating
expenses are assumed to have grown by 6.6%. These appear to be
highly conservative given year-to-date performance through five
months as well as historical CAGRs. For fiscal 2019 forward, harbor
revenues are held flat and non-harbor revenues are predominantly
grown at 2% per annum. Operating expenses grow at 4.0% annually.
DSCR is no less than 2.7x through fiscal 2022 and averages 2.7x.
Leverage remains negative through the debt's tenor.

Fitch's rating case assumes 2% harbor revenue growth in 2018, and
6% non-harbor revenue growth. Thereafter, an aggregate 20%
reduction is evenly applied to harbor revenues for fiscal 2019
through 2022, simulating a contraction to the local economy that
erodes the current construction boom and returns harbor revenues to
fiscal 2015-2016 levels. Annual growth of 1% is assumed for fiscal
2023 forward. Non-harbor revenues assume an aggregate 10% reduction
spread over five years through fiscal 2023, followed by 1.0%
recovery thereafter. Operating expense growth is assumed at 7.1%
for fiscal 2018, followed by 4% growth in 2019-2020, and 5% growth
thereafter. DSCR is forecast to be no less than 2.0x through fiscal
2022 and averages 2.3x. Similar to the base case, leverage remains
negative through the debt's tenor.


OLIVABEL LLC: Taps Bruner Wright as Legal Counsel
-------------------------------------------------
Olivabel LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Florida to hire Bruner Wright, P.A., as its
legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

The firm will charge these hourly rates:

     Robert Bruner        $350
     Byron Wright III     $225
     Paralegal             $95

The Debtor paid Bruner Wright $15,000 as a retainer.

Byron Wright III, Esq., at Bruner Wright, disclosed in a court
filing that he does not represent any interest adverse to the
Debtor and that he and his firm represent no other entity in
connection with the Debtor's case.

The firm can be reached through:

     Byron Wright III, Esq.
     Bruner Wright, P.A.        
     2810 Remington Green Circle        
     Tallahassee, FL 32308
     Office: (850) 385-0342        
     Fax: (850) 270-2441
     Email: twright@brunerwright.com

                        About Olivabel LLC

Founded in 2010, Olivabel LLC is an e-commerce company based in
Destin, Florida.

Olivabel sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Fla. Case No. 18-30459) on May 14, 2018.  In the
petition signed by Christopher Unangst, owner, the Debtor estimated
assets of less than $50,000 and liabilities of $1 million to $10
million.  Judge Jerry C. Oldshue Jr. presides over the case.


OMEROS CORP: Settles Infringement Suit with ANDA Filer Lupin
------------------------------------------------------------
Omeros Corporation has entered into a settlement agreement with
Lupin Ltd. and its subsidiary Lupin Pharmaceuticals, Inc. (Lupin),
resolving Omeros' patent litigation against Lupin.  The litigation
concerned Lupin's filing of an Abbreviated New Drug Application
(ANDA) seeking approval from the U.S. Food and Drug Administration
(FDA) to market a generic version of Omeros' commercial drug
OMIDRIA (phenylephrine and ketorolac intraocular solution) 1% /
0.3%.

Last year, Omeros announced that it had settled litigation directed
to an ANDA filing by Par Sterile Products, LLC and Par
Pharmaceutical, Inc. (Par).  As in the settlement with Par, this
agreement with Lupin includes Lupin's acknowledgment and
confirmation of the validity of all asserted patents for OMIDRIA as
well as overall terms and market entry date similar to those set
forth in the Par agreement.  The expiration date of the
last-to-expire of Omeros' asserted patents for OMIDRIA is Oct. 23,
2033.

The litigation against Lupin began in 2017 after Omeros received a
Paragraph IV certification from Lupin in connection with Lupin's
filing of an ANDA seeking the FDA's approval to market a generic
version of OMIDRIA.  As part of the agreement, Lupin acknowledges
and confirms the validity of each of the patents listed in the
Orange Book for OMIDRIA, namely U.S. Patent No. 8,173,707, U.S.
Patent No. 8,586,633, U.S. Patent No. 9,066,856, U.S. Patent No.
9,278,101, U.S. Patent No. 9,399,040, U.S. Patent No. 9,486,406,
and U.S. Patent No. 9,855,246.

"We are pleased with the Lupin settlement agreement," stated
Gregory A. Demopulos M.D., chairman and chief executive officer of
Omeros.  "With both the Par and Lupin litigation now settled, we
remain focused on the near-term objectives for OMIDRIA -- preparing
for resumption of CMS separate payment on October 1, building
utilization within the VA system, growing our customer base and
expanding the drug's Medicare Advantage and commercial
reimbursement -- all of which we expect will increase access to
OMIDRIA for ophthalmic surgeons and their cataract surgery
patients, improving outcomes and decreasing safety risks."

A full-text copy of the Settlement Agreement is available for free
at https://is.gd/KAL68t

                   About Omeros Corporation

Omeros Corporation -- http://www.omeros.com-- is a
commercial-stage biopharmaceutical company committed to
discovering, developing and commercializing small-molecule and
protein therapeutics for large-market as well as orphan indications
targeting inflammation, complement-mediated diseases and disorders
of the central nervous system.  The Company's drug product OMIDRIA
(phenylephrine and ketorolac intraocular solution) 1% / 0.3% is
marketed for use during cataract surgery or intraocular lens (IOL)
replacement to maintain pupil size by preventing intraoperative
miosis (pupil constriction) and to reduce postoperative ocular
pain.  In the European Union, the European Commission has approved
OMIDRIA for use in cataract surgery and other IOL replacement
procedures to maintain mydriasis (pupil dilation), prevent miosis
(pupil constriction), and to reduce postoperative eye pain.  Omeros
has multiple Phase 3 and Phase 2 clinical-stage development
programs focused on: complement-associated thrombotic
microangiopathies; complement-mediated glomerulonephropathies;
Huntington's disease and cognitive impairment; and addictive and
compulsive disorders.  In addition, Omeros has a diverse group of
preclinical programs and a proprietary G protein-coupled receptor
(GPCR) platform through which it controls 54 new GPCR drug targets
and corresponding compounds, a number of which are in pre-clinical
development.  The company also exclusively possesses a novel
antibody-generating platform.  The Company is headquartered in
Seattle, Washington.

OMEROS incurred a net loss of $53.48 million for the year ended
Dec. 31, 2017, compared to a net loss of $66.74 million for the
year ended Dec. 31, 2016.  As of March 31, 2018, Omeros had $89.03
million in total assets, $118.3 million in total liabilities and a
total shareholders' deficit of $29.21 million.

Ernst & Young LLP, in Seattle, Washington, issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2017, stating that the Company has suffered
recurring losses from operations and has stated that substantial
doubt exists about the Company's ability to continue as a going
concern.


PACIFIC SUNWEAR: Said to Explore Merger with Eddie Bauer
--------------------------------------------------------
Eddie Bauer and Pacific Sunwear of California are exploring a
merger to consolidate their store footprint and weather a prolonged
downturn in the U.S. brick-and-mortar retail sector, people
familiar with the matter said, according to a Reuters report.  In a
merger, the companies could whittle down their store counts from
their current total of nearly 700 together, the sources said.

Eddie Bauer and Pacific Sunwear are controlled by private equity
firm Golden Gate Capital.  According to the report, the sources
said Golden Gate Capital has not yet decided whether to combine the
two companies and its plans for the retailers could still change.
The sources asked not to be identified because the deliberations
are confidential.

                        About Eddie Bauer

Eddie Bauer -- http://www.eddiebauer.com/-- is a specialty
retailer that sells outerwear, apparel and accessories for the
active outdoor lifestyle.  Eddie Bauer participates in a joint
venture in Japan and has licensing agreements across a variety of
product categories.

Eddie Bauer, founded in Bellevue, Wash., in 1920, was acquired by
General Mills Inc. in 1971 and then sold to catalog retailer
Spiegel Inc. in 1988.  Eddie Bauer Inc. emerged from Spiegel's 2003
Chapter 11 case as a separate, reorganized entity under the control
and ownership of Eddie Bauer Holdings, Inc.

Eddie Bauer Holdings, Inc. (now known as EBHI Holdings, Inc.) and
eight affiliates filed for bankruptcy (Bankr. D. Del. Lead Case No.
09-12099) on June 17, 2009.  Judge Mary F. Walrath presided over
the case.   Lawyers at Latham & Watkins LLP and Young Conaway
Stargatt & Taylor LLP, served as the Debtors' counsel.  The Debtors
hired Alvarez and Marsal North America LLC as restructuring
advisors; Peter J. Solomon Company as financial advisors; and
Kurtzman Carson Consultants LLC as claims and notice agent.  As of
April 4, 2009, Eddie Bauer had $525,224,000 in total assets and
$448,907,000 in total liabilities.

Eddie Bauer Canada, Inc., and Eddie Bauer Customer Services filed
for protection from their creditors in Canada on June 17, 2009, the
same day the U.S. Debtors filed for Chapter 11 protection.   RSM
Richter Inc. was appointed as monitor in the Canadian proceedings.

On Aug. 4, 2009, Golden Gate Capital closed a deal to acquire Eddie
Bauer Holdings for $286 million.  Golden Gate will maintain the
substantial majority of Eddie Bauer's stores and employees in a
newly formed going concern company.  Golden Gate beat an affiliate
of CCMP Capital Advisors, LLC, at the auction.  The CCMP unit's
$202 million cash offer served as stalking horse bid.

The Troubled Company Reporter, on Feb. 17, 2014, reported that Jos.
A. Bank Clothiers Inc. said it agreed to buy retailer Eddie Bauer
for $825 million in cash and stock.

In 2017, Eddie Bauer hired investment banks last year to explore
strategic alternatives, including a potential sale, according to a
Reuters report.   Moody's Investors Service has said the retailer
is at risk of not keeping up with fashion changes, according to the
Reuters report.   Eddie Bauer has a $218 million term loan and a
$200 million revolving credit line, the report adds.

                About Pacific Sunwear of California

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc., operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006.  It has retail locations nationwide
under the names "Pacific Sunwear" and "PacSun," which stores are
principally in mall locations, and operates an e-commerce site at
http://www.pacsun.com/

Pacific Sunwear of California, Inc., and two affiliated debtors
each filed a voluntary petition for relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-10882) on
April 7, 2016.  The cases are pending before the Honorable Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.  The Company had 593 stores at
the time of the bankruptcy filing.  The Debtors tapped Young
Conaway Stargatt & Taylor, LLP, and Klee, Tuchin, Bogdanoff & Stern
LLP as attorneys; FTI Consulting, Inc., as financial advisor;
Guggenheim Securities, LLC, as investment banker; Prime Clerk LLC
as claims and noticing agent; and Deloitte Financial Advisory
Services LLP as accounting advisor.

Andrew Vara, acting U.S. trustee for Region 3, on April 19, 2016,
appointed seven creditors of Pacific Sunwear of California to serve
on the official committee of unsecured creditors.  The Committee
retained Cooley LLP and Bayard, P.A., as counsel; and Province
Inc., as its financial advisor.

                          *     *     *

On Sept. 6, 2016, the Bankruptcy Court entered an order confirming
the Revised Joint Plan of Reorganization of Pacific Sunwear and its
debtor affiliates.  The Plan was declared effective on Sept. 7,
2016, and the Debtors emerged from the Chapter 11 cases.  Pursuant
to the Plan, Golden Gate Capital converted more than 65% of its
term loan debt into the equity of the reorganized Company and
provided a minimum of $20 million in additional capital to the
reorganized Company to support PacSun's long-term growth
objectives.  The debt-for-equity swap reduced the Company's secured
debt by $88 million.  Wells Fargo provided a five-year $100 million
revolving line of credit, subject to certain conditions.


PARKINSON SEED: Taps Robinson & Associates as Legal Counsel
-----------------------------------------------------------
Parkinson Seed Farm, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Idaho to hire Robinson & Associates as
its legal counsel.

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

Brent Robinson, Esq., and W. Reed Cotton, Esq., the attorneys who
will be handling the case, will charge $200 per hour and $150 per
hour, respectively.

The Debtor paid the firm a retainer fee of $25,000.

Mr. Robinson, a senior partner at Robinson & Associates, disclosed
in a court filing that his firm neither represents nor holds any
interest adverse to Debtor and its estate.

Robinson & Associates can be reached through:

     Brent T. Robinson, Esq.
     Robinson & Associates
     615 H Street
     P.O. Box 396
     Rupert, ID 83350-0396
     Tel: (208) 436-4717
     E-mail: btr@idlawfirm.com

                    About Parkinson Seed Farm

Located in Saint Anthony, Idaho, Parkinson Seed Farm, Inc. --
http://www.parkinsonseedfarm.com-- farms approximately 7,200 acres
of potatoes.  It raises seed potatoes, hard red and hard white
wheat, as well as a small amount of alfalfa (mostly to feed horses
for recreational purposes).  The company raises 11 of what it
considers to be more mainstream varieties such as the Russet
Burbank, Ranger, three different line selections of Russet
Norkotah, white varieties such as Cal Whites and Atlantics, and
reds like the Dark Red Norland.  The company was founded in 1937.

Parkinson Seed Farm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Idaho Case No. 18-40412) on May 15,
2018.  In the petition signed by Dirk Parkinson, president, the
Debtor disclosed $6.11 million in assets and $26.92 million in
liabilities.  Judge Joseph M. Meier presides over the case.


PARKWAY RADIOLOGY: Awaits Potential Buyers' Decision on Sale
------------------------------------------------------------
Parkway Radiology LLC asks the U.S. Bankruptcy Court for the
District of Maryland to extend through and including June 22, 2018,
the exclusive period during which only the Debtor can file a
Chapter 11 plan.

The deadline for the Debtor to file a Plan of Reorganization and
Disclosure Statement is May 18, 2018.

As the Court is aware, the Debtor has been on two tracks since the
filing.  Either the Debtor was going to reorganize through cash and
operational management; or, in the alternative, find a buyer for
the business as a "going concern".  There has been testimony before
the Court that the assets in the possession and use by the Debtor
are worth more as a "going concern" and not at a forced sale
scenario.  Whereby it is in the best interests of the estate that
the Debtor finds a buyer for the business rather than for the
Debtor, Court, Creditor and/or Trustee conduct a forced sale of the
assets of the Debtor.

The Debtor assures the Court that it is not seeking an extension of
the Exclusive Filing Period as negotiation tactic, to artificially
delay the conclusion of this Chapter 11 case, or to hold creditors
hostage to an unsatisfactory plan proposal.  The Debtors say that
to the contrary, this request is intended to provide time for the
two potential purchasers to determine if they wish to move forward
with the purchase of the Debtor as a going concern.  More
specifically, West Virginia University Healthcare walked through
and toured the facility on May 17, 2018.  Furthermore, Washington
Open MRI inquired through Exit Strategies regarding the potential
purchase of the Debtor.

Additionally, extending the exclusive period is particularly
necessary given the two potential purchasers have either just
walked through the business, or have just expressed interest in
purchasing the business.

Accordingly, the requested extension of a short period of
approximately one month, would permit time for the two potential
purchasers to make a decision and proceed accordingly.  Whereby the
benefit to the creditors of a potential sale of the Debtor to a
third party outweighs any potential detriment to the creditors.

The Debtor would also note that the Debtor is current in all
reporting to the U.S. Trustee Office and to the Bank of Charles
Town under the terms of the court order granting the use of cash
collateral.

A copy of the Debtor's request is available at:

         http://bankrupt.com/misc/mdb18-10737-124.pdf

                   About Parkway Radiology

Parkway Radiology LLC is a privately owned radiology center in
Washington County, Maryland.  Parkway Radiology offers both the
Fonar Upright Multi-Position MRI and the 3.0 Tesla.

Parkway Radiology LLC, based in Hagerstown, MD, filed a Chapter 11
petition (Bankr. D. Md. Case No. 18-10737) on Jan. 18, 2018.  In
the petition signed by Dr. Ajay K. Goyal, managing member, the
Debtor estimated $0 to $50,000 in assets and $1 million to $10
million in liabilities.  The Hon. Lori S. Simpson presides over the
case.  Robert L. Kline, III, Esq., at Kline Law Group, serves as
bankruptcy counsel.


PATRIOT NATIONAL: Wants to Maintain Exclusivity Until Aug. 28
-------------------------------------------------------------
Patriot National, Inc., and affiliates ask the U.S. Bankruptcy
Court for the District of Delaware for an extension of extend their
exclusive periods to file a chapter 11 plan of reorganization
through and including August 28, 2018, and to solicit votes to
approve a chapter 11 plan through and including October 29, 2018.

On May 4, 2018, the Court entered an order confirming the Debtors'
Fourth Further Amended Joint Chapter 11 Plan of Reorganization (as
amended, modified and/or supplemented).  However, the Effective
Date has not yet occurred, as certain conditions precedent to the
occurrence of the Effective Date have not yet been met.  Although
the Debtors believe that these conditions precedent will ultimately
be met, out of an abundance of caution, the Debtors seek further
extension of the Exclusive Periods.  The Debtors' current Exclusive
Periods are slated to expire on May 30, 2018 and July 30, 2018,
respectively.

Two parties have appealed the confirmation of the Plan: (1) the
Honorable Trinidad Navarro, Insurance Commissioner of the State of
Delaware, in his capacity as the Receiver of Ullico Casualty
Company in Liquidation; and (2) the Florida Department of Financial
Services, Division of Rehabilitation and Liquidation as Receiver of
Guarantee Insurance Company. Such appeals have been captioned as
Honorable Trinidad Navarro, Insurance Commissioner of the State of
Delaware v. Patriot National, Inc., et al., No. 18-cv-00751 (D.
Del.) and Florida Department of Financial Services, Division of
Rehabilitation and Liquidation (Department) as Receiver of
Guarantee Insurance Company v. Patriot National, Inc., et al., No.
18-cv-00750 (D. Del.).  

The Debtors contend that extending the Exclusive Periods will
permit them to maintain exclusivity in the Chapter 11 Cases in the
unlikely event that the Plan does not become effective and, if this
were to occur, the extension will provide the Debtors with the
necessary time, opportunity and breathing room to reassess and
pursue all alternative options with respect to their chapter 11
restructuring, as the Debtors are the party best positioned to take
such action.

Furthermore, termination of the Exclusive Periods would adversely
impact the Debtors' business operations and the substantial
progress made by the Debtors in the Chapter 11 cases to date.
Through the Chapter 11 cases, the Debtors have thus far been able
to focus their efforts upon rejuvenating their business and
formulating and confirming the Plan, which maintains Debtors’
going-concern value.

As demonstrated by the evidence submitted in connection with the
Confirmation Hearing, the restructuring embodied in the Plan is a
value-maximizing transaction. The Plan provides for the
distribution of significant value to creditors and ensures for
payment in full of Allowed DIP Claims, Administrative Expense
Claims, Priority Tax Claims, Other Secured Claims, and Priority
Claims, as well as all U.S. Trustee Fees. The Plan further provides
for a distribution to holders of Allowed General Unsecured Claims,
which would not have occurred in a chapter 7 liquidation.

Moreover, as a result of extensive efforts over the course of the
Chapter 11 Cases, the Debtors were able to reach agreement with
nearly all of their major constituencies as to the terms of the
Plan, which demonstrates the critical role of the Debtors in their
chapter 11 restructuring, and the importance of the Debtors
maintaining exclusivity in these Chapter 11 Cases in the unlikely
event that the Plan does not become effective.

Accordingly, based upon the foregoing, the Debtors believe that
cause exists to extend the Exclusive Periods pursuant to section
1121(d) of the Bankruptcy Code.

                      About Patriot National

Fort Lauderdale, Florida-based Patriot National, Inc., also known
as Old Guard Risk Services, Inc., through its subsidiaries,
provides agency, underwriting and policyholder services to its
insurance carrier clients, primarily in the workers' compensation
sector.  Patriot National -- http://www.patnat.com/-- provides   
general agency services, technology outsourcing, software
solutions, specialty underwriting and policyholder services, claims
administration services and self-funded health plans to its
insurance carrier clients, employers and other clients.  Patriot
was incorporated in Delaware in November 2013.

The Company completed its initial public offering in January 2015
and its common stock is listed on the New York Stock Exchange under
the symbol "PN."

Patriot National, Inc., and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 18-10189) on Jan. 30, 2018.  In the
petitions signed by CRO James S. Feltman, the Debtors disclosed
$159.4 million in total assets and $242.2 million in total debt as
of Dec. 31, 2017.

The Debtors have tapped Laura Davis Jones, Esq., James E. O'Neill,
Esq., and Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones
LLP and Kathryn A. Coleman, Esq., Christopher Gartman, Esq., and
Jacob Gartman, Esq., at Hughes Hubbard & Reed LLP as bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP as co-counsel and
conflicts counsel; Duff & Phelps, LLC, as financial advisor; and
Conway Mackenzie Management Services, LLC, as provider of EVP of
Finance and related advisory services.  Prime Clerk LLC --
https://cases.primeclerk.com/patnat -- is the Debtors' claims,
noticing and balloting agent.

James S. Feltman of Duff & Phelps, LLC, has been tapped as chief
restructuring officer to the Debtors.

The Office of the U.S. Trustee has named two creditors -– Jessica
Barad and MCMC LLC -- to serve on an official committee of
unsecured creditors in the Debtors' cases.


PENN AIR: To Sell Equipment by July 12
--------------------------------------
Penn Air Notch Services, Inc., filed a disclosure statement
explaining its amended plan proposing to sell its equipment, for a
sale price of $526,500 on or before July 12, 2018.  The Debtor says
it should be able to fund the Plan from these sources.

Hamlin Bank & Trust Company (Lien on certificate of title on 1996
Eager Beaver Low Boy Trailer) with a secured claim in the amount of
$21,550.12; Northwest Bank (Lien on all inventory and equipment
Excavator, Caterpillar 315RL, 2000 Case 500L, 1993 Freightliner,
1979 International Paystar, 1980 Trail Mobile Trailer, et al) with
a secured claim in the amount of $124,928.55 will be paid in full.

The Class 5 claims will be paid a pro-rata share of the proceeds of
the sale of the real estate remaining after the distribution to
classes one, two and three. Any amount not paid under class 5 shall
be discharged upon confirmation of this plan. This class shall not
be entitled to interest on their claims.

A full-text copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/pawb17-10770-81.pdf

                   About Penn Air Notch Services

Penn Air Notch Services, Inc., sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-10770) on July
24, 2017, estimating under $1 million in both assets and
liabilities.  The Debtor is represented by Lawrence W. Willis,
Esq., at Willis & Associates.


PENN ENGINEERING: Moody's Affirms B1 CFR & Bank Debt Ratings
------------------------------------------------------------
Moody's Investors Service affirmed Penn Engineering & Manufacturing
Corp.'s B1 Corporate Family Rating (CFR) and B2-PD Probability of
Default Rating. Concurrently, Moody's affirmed the company's B1
first lien bank debt ratings including its $125 million revolving
credit facility, $580 million term loan B and EUR100 million term
loan C that is being amended and upsized. The ratings outlook
remains stable.

Proceeds of the proposed transaction including the EUR40 million
add-on to the term loan C, $88.8 million balance sheet cash, $91.2
million equity investment by new and existing shareholders as well
as $13.6 million of revolver drawings are expected to be used
towards the repurchase of the shares of a minority shareholder
holding approximately 19% ownership of the company and the
repurchase of shares from some smaller shareholders totaling $337.9
million. In addition, approximately $21 million of proceeds are
expected to be used to monetize vested equity options.

Moody's took the following rating actions on Penn Engineering &
Manufacturing Corp.:

Ratings affirmed:

Corporate Family Rating, at B1

Probability of Default Rating, at B2-PD

Senior secured revolving credit facility due 2022, at B1 (LGD3)

Dollar-denominated senior secured first lien term loan B, at B1
(LGD3)

Amended and upsized euro-denominated senior secured first lien term
loan C, at B1 (LGD3)

Outlook, Stable

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation. The
instrument ratings are subject to change if the proposed capital
structure is modified.

RATINGS RATIONALE

The affirmation of the existing ratings reflects the company's
strong cash generation, high margins and comparatively low
financial leverage prior to the proposed transaction. The
additional debt being incurred as part of the transaction raises
pro forma debt/EBITDA (including Moody's standard adjustments and a
full year of earnings from recent acquisitions) to 5.2x from 4.4x
for the last twelve months ended March 31, 2018. Although the pro
forma leverage is modestly above the amount consistent with the B1
CFR, it is Moody's expectation that the company will focus on
de-leveraging over the next twelve to eighteen months such that
debt/EBITDA improves to below 4.5x. The company is expected to
continue to generate healthy free cash flow of at least $60 million
annually with a portion of excess cash being used towards debt
reduction. The ratings recognize the likelihood of ongoing
partially debt-financed bolt-on acquisition activity with the
expectation that it does not result in pro forma debt/EBITDA
increasing beyond the current pro forma peak leverage level.

Moody's notes that the transaction is credit negative from the
viewpoint that funded debt is being added to the balance sheet with
reported debt increasing to above $900 million from $725 million
pro forma for the transaction at March 31, 2018. However, the
aforementioned de-leveraging is expected to be achieved through
repayment of funded debt, contribution of acquired EBITDA as well
as favorable trends in some of the company's end-markets notably
the global industrial markets that are supported by positive
economic fundamentals and the global automotive electronics
business that benefits from the growth in vehicle content.

Penn's B1 CFR reflects its record of above average margins due to
the high value-add nature of the company's specialty fasteners and
strong free cash flow generation against its small revenue scale
(approximating $650 million on a pro forma basis) and meaningful
cyclicality in end-markets such as automotive and electronics.
Positively, Penn sells its specialty fasteners to diverse
end-markets ranging from automotive (comprising over 40% of pro
forma revenues) and industrial (18% of pro forma revenues) to
electronics and network infrastructure. In addition to end-market
diversity, the company possesses a broad geographic footprint with
over 40% of revenues generated in the U.S. with roughly one third
generated in Europe and a quarter from Asia.

The stable outlook is based on the expectation that the company
will de-lever to below the 4.5x range over the next eighteen months
while also maintaining a good liquidity profile.

Penn's good liquidity profile is supported by strong free cash flow
generation, availability under its $125 million revolving credit
facility and good covenant headroom under the company's springing
first lien net leverage covenant on its revolving credit facility.
The term loans do not have maintenance covenants.

The ratings are unlikely to be upgraded over the near term given
the elevated leverage post the proposed share repurchase and high
degree of cyclicality in the company's end-markets. However,
positive ratings traction could develop if the company continues to
improve its revenue scale without a material reduction in its
EBITDA margins and/or total debt/EBITDA were to decrease towards
the 3.5 times level.

Factors that could lead to a downgrade of the ratings include
complications in the integration of acquisitions or if the
company's liquidity position deteriorates or if the company were to
debt finance a sizable acquisition such that debt/EBITDA were to
exceed 5.0 times and/or EBITA/interest were to fall below 2.0 times
on a sustained basis.

The principal methodology used in these ratings was Global
Manufacturing Companies published in June 2017.

Penn, headquartered in Danboro, Pennsylvania is a manufacturer of
high performance, specialty fasteners used in a diversified range
of industries. Penn is a private company majority family-owned. For
the last twelve month period ended March 31, 2018, pro forma
revenues exceed $650 million.


PIEDMONT SALES: Taps Angela Matthews as Accountant
--------------------------------------------------
Piedmont Sales Service & Transport, LLC, received approval from the
U.S. Bankruptcy Court for the Western District of North Carolina to
hire Angela Wokatsch Matthews as its accountant.

The services to be provided by the accountant include bill paying,
QuickBooks data entry, account reconciliations, and year-end report
and tax return preparation.  She will be paid an hourly fee of
$75.

Ms. Matthews has no connection with the Debtor or any of its
creditors, according to court filings.

The accountant maintains an office at:

     Angela Wokatsch Matthews
     121 S. Elm St. (East Broad)
     Statesville, NC 28677
     Phone: 704-873-1040
     Fax: 704-450-1607
     Email: angelamatthews5729@yahoo.com

              About Piedmont Sales Service & Transport

Piedmont Sales Service & Transport, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. W.D.N.C. Case No.
18-50160) on March 8, 2018.  In the petition signed by Brian
Souther, managing member, the Debtor estimated assets and
liabilities of less than $1 million.  Judge Laura T. Beyer presides
over the case.  The Debtor hired McElwee Firm, PLLC, as bankruptcy
counsel.  The Debtor tapped Tom Torcomian, Harvey Holdings Inc.'s
consultant and chief operating officer, to manage its business.


PODS LLC: S&P Affirms 'B+' Corporate Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on
Clearwater, Fla.-based portable storage lessor PODS LLC.  The
outlook remains stable.

S&P said, "At the same time, we affirmed our 'B+' issue-level
rating on the company's first-lien term loan and revolving credit
facility. The '4' recovery rating remains unchanged, indicating our
expectation for average (30%-50%; rounded estimate: 35%) in the
event of a default.

"Our 'B+' corporate credit rating on PODS reflects the continued
growth of the company's core retail consumer portable storage
business. The rating also reflects our belief that the company's
EBIT interest coverage will remain below 1x through 2018 because of
the proposed incremental debt and associated interest expense.
However, we expect PODS' EBIT interest coverage to improve modestly
to the low-1x area in 2019. We also expect the company to use the
proceeds from the proposed add-on to support continued franchisee
acquisitions.

"The stable outlook on PODS reflects our expectation that the
company's credit metrics will improve modestly over the next year
as the earnings contributions from its continued franchise
acquisitions and organic growth offset its elevated debt levels and
interest expense. We expect the company's EBIT interest coverage to
improve to the low-1x area and its FFO-to-debt ratio to increase to
the high-teens percent area in 2019.

"We could lower our ratings on PODS over the next year if the
company's financial profile weakens such that its EBIT interest
coverage remains below 1.3x while its FFO-to-debt ratio declines
below 13% for a sustained period. This could occur if the company's
revenue growth in its key markets is weaker-than-expected or it
faces higher-than-anticipated labor or freight cost pressures.

"An upgrade is unlikely over the next year because we believe that
the company's ownership by a financial sponsor will prevent it from
improving its credit metrics on a sustained basis. However, we
could consider raising our rating if the company was no longer
controlled by a financial sponsor. We would also need to see its
EBIT interest coverage increase above 1.3x and its FFO-to-debt
ratio remain at least in the mid-teens percent area on a sustained
basis."


RADICAND INC: Court Denies Approval of Disclosure Statement
-----------------------------------------------------------
For the reasons stated on the record at a hearing on April 26,
2018, Judge Dennis Montali of the U.S. Bankruptcy Court for the
Northern District of California denied approval of the disclosure
statement explaining Randicand, Inc.'s Plan of Reorganization.

As previously reported by The Troubled Company Reporter, Class 2
(b) under the plan consists of the allowed claims of general
unsecured creditors not treated as small claims. This class will
receive a pro-rata share of a fund totaling $34,882.42, likely to
result in a 10% recovery of allowed claims Pro-rata means the
entire amount of the fund divided by the entire amount owed to
creditors with allowed claims in this class. Creditors in this
class may not take any collection action against Debtor so long as
Debtor is not in material default under the Plan. This class is
impaired.

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

A full-text copy of the Combined Plan and Disclosure Statement is
available at:

      http://bankrupt.com/misc/canb17-30708-40.pdf

                     About Radicand Inc.

Radicand, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Cal. Case No. 17-30708) on July 21,
2017.  In the petition signed by CEO Gregory Kress, the Debtor
estimated assets of less than $50,000 and liabilities of less than
$500,000.


RAMON LOPEZ: DOJ Watchdog to Appoint Chapter 11 Trustee
-------------------------------------------------------
The Hon. Robert S. Baldwil of the U.S. Bankruptcy Court for the
Eastern District of California has directed the U.S. Trustee to
appoint a trustee in the Chapter 11 bankruptcy case of Ramon
Lopez.

The status conference hearing is continued to June 6, 2018 at 10:00
a.m.

Ramon Ramirez Lopez filed a Chapter 11 petition (Bankr. E.D. Cal.
Case No. 17-24444) on July 5, 2017.  The Debtor's counsel is G.
Michael Williams, Esq.  Larry Killian is the Debtor's broker.

Judge Robert S. Baldwil is assigned to the case.


RANDOLPH AND RANDOLPH: Delays Plan Until Finalization of Financing
------------------------------------------------------------------
Randolph and Randolph LLC requests the U.S. Bankruptcy Court for
the Northern District of Alabama: (a) to extend the 120-day
exclusivity period from June 6, 2018 to Sept. 19, 2018, and the
additional 45 days to obtain confirmation; and (b) to provide the
Debtor with a hearing of this request so that any Order by the
Court extending the time periods will be entered within the
existing deadline period of Sept. 19, 2018.

This is the Debtor's first request for an extension of the
exclusivity period. Absent the requested extension, the Debtor's
exclusive period to file a plan of reorganization and disclosure
statement is slated to expire on June 6, 2018.

The Debtor has filed a Second Motion to approve
debtor-in-possession financing to pay for its insurance coverage.
The Debtor anticipates that after the insurance matters are
scheduled and finalized they will be in a much better place to
propose a plan of reorganization. The Debtor believes that it will
be able to propose a plan of reorganization that will be
confirmable if given sufficient time.

                   About Randolph and Randolph

Randolph and Randolph LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 17-72125) on Dec. 8,
2017.  In the petition signed by Harold E. Randolph, its member,
the Debtor estimated assets of less than $50,000 and liabilities of
less than $100,000.  Judge Jennifer H. Henderson presides over the
case. Newell & Holden, LLC is the Debtor's bankruptcy counsel.


RED TAPE: Given Until July 20 to File Plan of Reorganization
------------------------------------------------------------
The Hon. Eduardo V. Rodriguez of the U.S. Bankruptcy Court for the
Southern District of Texas, at the behest of Red Tape, Inc., and
Red Tape II, Inc., has extended the exclusivity period to July 20,
2018.

The Troubled Company Reporter has previously reported that the
Debtors asked the Court for August 20, 2018 Exclusive Filing Period
extension. The Debtors sought this extension of the in order to
preserve their exclusive right to modify the Plan as a result of
recent developments and further negotiations that are likely to
ensue.

Absent the requested extension of exclusivity period, the Debtors
would face the prospect of a plan process involving multiple
competing plans. The filing of competing plans at this key stage of
the Debtors' chapter 11 cases would delay and disrupt the plan
process and be an inefficient use of estate resources. No creditor
will be prejudiced by the requested extensions and the Debtors
believed that ample cause exists to grant the relief requested
herein.

The Debtors have making progress internally towards developing the
terms of a plan and the Debtors have or will reach out to
particular creditors regarding such terms. Particularly, the
Debtors have been cooperating in good faith with the secured
creditors International Bank of Commerce, Home Tax Solutions, and
the taxing authorities. Per Debtors' counsel's discussion with
counsel for creditors, none of the Creditors specifically object to
the requested extension of exclusivity period.

The Debtors believed that it will be necessary to file adversary
proceedings to challenge the extent and validity of the Texas
Comptroller of Public Account Proof of Claim.  Specifically, the
Debtors asserted that they cannot accurately formulate a plan of
reorganization without a determination of whether the Texas
Comptroller's proof of claim amounts are recoverable under 11
U.S.C. section 507(a)(8) as taxes or penalties owed to a
governmental unit that must be paid within 5 years.

                      About Red Tape, Inc.

Red Tape Inc. is a small organization in the civic, social, and
fraternal associations industry located in Brownsville, Texas.

Red Tape Inc., based in Brownsville, TX, and its debtor-affiliates
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case
No.17-10443) on Nov. 22, 2017.  In the petition signed by Ramiro
Armendariz, its president, the Debtors estimated $1 million to $10
million in assets and liabilities.  The Hon. Eduardo V Rodriguez
presides over the case. Ricardo Guerra, Esq., at Guerra & Smeberg,
PLLC, serves as bankruptcy counsel.


RK & GROUP: Seeks to Hire Kathy Abraham as Accountant
-----------------------------------------------------
RK & Group, Inc., seeks authority from the U.S. Bankruptcy Court
for the District of South Carolina to employ Kathy Abraham, as
accountant to the Debtor.

RK & Group requires Kathy Abraham to:

   a. prepare and file federal, state, and local tax returns and
      work with organizations and individuals during the year to
      minimize the Debtor's tax obligations;

   b. provide assurance services to improve the quality or
      context of both financial and nonfinancial information for
      decision makers; and

   c. provide assistance with supervising and managing an
      organization's or individual's day-to-day activities and
      provide strategic and long range planning, including cash
      management, budgeting, and financial planning, prepare
      financial statements, and estate planning.

Kathy Abraham will be paid at the hourly rate of $50.

Kathy Abraham will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Kathy Abraham, 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.

Kathy Abraham can be reached at:

     Kathy Abraham
     260 West Coleman Blvd., Suite B
     Mt. Pleasant, SC 29464
     Tel: (843) 810-6705

                        About RK & Group

RK & Group Inc., based in Goose Creek, SC, filed a Chapter 11
petition (Bankr. D.S.C. Case No. 18-02178) on April 30, 2018.  In
the petition signed by Rhonda L. Kilgore, president, the Debtor
estimated $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.  The Hon. John E. Waites presides over the
case.  Michael R. Drose, Esq., at Drose Law Firm, serves as
bankruptcy counsel to the Debtor.


RMS TITANIC: Equity Committee Taps Agentis as Special Counsel
-------------------------------------------------------------
The official committee of equity security holders appointed in
Premier Exhibitions, Inc.'s Chapter 11 case seeks approval from the
U.S. Bankruptcy Court for the Middle District of Florida to hire
Agentis PLLC as special counsel.

The firm will pursue and settle certain claims, including insider
claims and directors' and officers' claims.   

Agentis will be compensated on a 35% contingency fee basis unless
the firm is required to take the matter to trial in which case the
contingency fee will be increased to 40% of any insurance and other
funds in which the firm is responsible in recovering in pursuit of
the claims.  

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

Agentis can be reached through:

     Robert P. Charbonneau, Esq.
     Agentis PLLC
     501 Brickell Key Drive, Suite 300
     Miami, FL 33131
     Tel: 305-722-2002
     Email: rpc@agentislaw.com

                      About RMS Titanic

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

RMS Titanic and seven of its subsidiaries filed voluntary petitions
for reorganization under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 16-02230) on June 14, 2016.  In the
petitions signed by former CFO and COO Michael J. Little, the
Debtors estimated both assets and liabilities of $10 million to $50
million.

The Chapter 11 cases are assigned to Judge Paul M. Glenn.

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

The Debtors also employed Ronald L. Glass as chief restructuring
officer and GlassRatner Advisory & Capital Group, LLC as financial
advisor.

On Aug. 24, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Avery Samet, Esq. and Jeffrey Chubak, Esq., at Storch Amini &
Munves PC, and Richard R. Thames, Esq. and Robert A. Heekin, Jr.,
Esq., at Thames Markey & Heekin, P.A., as counsel.

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


ROCKIES EXPRESS: Moody's Hikes CFR & Unsec. Notes Rating to Ba1
---------------------------------------------------------------
Moody's Investors Service upgraded Rockies Express Pipeline LLC's
(REX) Corporate Family Rating (CFR) to Ba1 from Ba2, its
Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD and the
unsecured notes rating to Ba1 from Ba2. REX's rating outlook is
stable.

"REX's announced commitment to repay its $550 million unsecured
notes maturing in July 2018 significantly reduces its financial
leverage, more than offsetting the risk of potentially lower cash
flows post-2019 resulting from contract expirations on west-to-east
capacity" commented Sreedhar Kona, Moody's senior analyst. "REX
also accomplished several cash flow enhancing milestones over the
past few quarters, including the zone 3 capacity expansion,
realization of incremental capacity over the design capacity of
that project and the announcement of the Cheyenne Hub project. In
addition, Tallgrass Energy Partners, LP has announced plans to
connect the 600 MMcf/d Cheyenne Connector pipeline project to REX's
Cheyenne Hub."

Debt List:

Issuer: Rockies Express Pipeline, LLC

Corporate Family Rating, Upgraded to Ba1 from Ba2

Probability of Default Rating, Upgraded to Ba1-PD from Ba2-PD

Senior Unsecured Notes, Upgraded to Ba1 (LGD4) from Ba2 (LGD4)

Outlook Actions:

Issuer: Rockies Express Pipeline, LLC

Outlook, Stable

RATINGS RATIONALE

REX's Ba1 CFR considers its fully contracted east-to-west capacity,
and partially contracted post-2019 west-to-east capacity, which
will enable REX to maintain its cash flow coverage of its reduced
debt burden. REX's debt/EBITDA at the end of 2017 was slightly
below 4x (excluding the Ultra settlement payment). Moody's projects
REX's debt/EBITDA to trend lower towards 3x by the end of 2019,
aided by the repayment of 2018 maturity and modestly enhanced cash
flows. Moody's projects REX's debt/EBITDA to rise post-2019, due to
potentially reduced cash flows from its west-to-east capacity
contract expirations, however, this ratio is not likely to rise
above 4x.

REX's rating is constrained by its customer base and their credit
quality. The pipeline's customers are almost entirely comprised of
E&P companies, or 'supply-push' customers, that are directly
exposed to commodity prices. The credit quality of this customer
base --specifically, the east-to-west customers -- is predominantly
speculative-grade rated.

REX's senior unsecured notes are rated Ba1, the same as the
company's CFR. The senior unsecured notes are rated at the same
level as the CFR because the company's long-term debt, which
includes a $150 million revolving credit facility, is all
unsecured.

Moody's expects REX to maintain an adequate liquidity profile,
reflecting consistent cash flow generation and continued support
from its owners in managing debt maturities. As of March 31, 2018,
the company had a cash balance of approximately $15 million. REX
has an undrawn $150 million senior unsecured revolving credit
facility maturing in January 2020. Based on capital expenditure
guidance, REX should generate positive free cash flow after
covering the interest expense and capital expenditures. The
revolving credit facility contains one financial covenant
consisting of a maximum debt / EBITDA set at 5.0x. Moody's expects
that the company will remain well in compliance with this covenant.
The REX limited liability company agreement provides that cash in
excess of that required to operate the business is distributed to
owners. REX's owners have committed to make capital contributions
sufficient to repay the July 2018 $550 million senior notes
maturity. The company also has $525 million of senior notes due in
January 2019. Moody's assumes that the January 2019 maturity will
be refinanced.

REX's stable outlook reflects Moody's expectation that REX will
recontract at least a portion of its uncontracted post-2019
west-to-east capacity and its customer credit quality will not
weaken materially.

REX's ratings could be considered for an upgrade if the company's
customer credit quality improves and a significant portion of its
west-to-east capacity is re-contracted such that the company's
Debt/EBITDA can be sustained below 3.5x.

An increase in financial leverage or a meaningful decrease in
interest coverage could lead to a ratings downgrade. If Debt/EBITDA
approaches 4.5x or significant deterioration in customer credit
quality could also result in downgrade.

The principal methodology used in these ratings was Natural Gas
Pipelines published in November 2012.

REX owns a 1,712 mile interstate natural gas pipeline system that
reaches from the Rocky Mountains area of Wyoming and Colorado to
Ohio. It is a key northern bi-directional pipeline with
west-to-east natural gas transportation capacity of 2.0 billion
cubic feet per day (bcf/d) from Meeker, CO to Cheyenne Hub (Zone
1), 1.8 bcf/d capacity from Cheyenne Hub to Clarington, OH (Zone 2
and Zone 3), and 2.6 bcf/d capacity east-to-west from Clarington,
OH to eastern Missouri (Zone 3).


S DIAMOND STEEL: June 19 Disclosure Statement Hearing
-----------------------------------------------------
Judge Brenda K. Martin of the U.S. Bankruptcy Court for the
District of Arizona will convene a hearing to consider the approval
of the Second Amended Disclosure Statement explaining S Diamond
Steel, Inc.'s Second Amended Plan of Reorganization on June 19,
2018, at 1:30 p.m.

The Second Amended Disclosure Statement provides that the Debtor
and creditor Board of Trustees of the California Ironworkers Field
Pension Trust have entered into a Settlement Agreement, and a
motion to approve the same has been filed with the Court. The
Motion and Settlement Agreement in part provides as follows:

   * S Diamond Steel, Inc. (as a reorganized debtor) will pay to
the Pension Fund the sum of $200,000 within 30 days of the
effective date of a confirmed plan of reorganization in the
bankruptcy case.

   * S Diamond Steel, Inc. (as a reorganized debtor), M.M. Stevens,
LLC and Milco Solutions, Inc., Matthew Miles Stevens and Dana
Stevens will execute a promissory note in favor of the Pension Fund
in the principal sum of $1,632,647.46 with interest accruing at the
rate of 7.5% simple interest per annum on the principal sum or on
such portion of the principal sum as remains unpaid until it is in
paid in full. The note will be payable in 47 monthly installments
of $39,250 with a final payment adjusted for any accrued but unpaid
principal and interest.  The first monthly payment will be made on
the fifteenth day of the first full month following the Effective
Date. Each payment thereafter will be made on the fifteenth day of
each consecutive month thereafter, until paid in full, and on such
other terms and conditions set forth in the Note. Stevens and the
Controlled Group will execute and deliver the Note to the Pension
Fund on the Effective Date. The Note may not be assigned to any
third party. Additional or otherwise advance payments may be made
at any time to reduce the principal and accruing interest without
penalty. The date and amount of any final payment will be adjusted
accordingly.

A full-text copy of the Second Amended Disclosure Statement is
available at:

     http://bankrupt.com/misc/azb2-16-07846-246.pdf

A full-text copy of the Second Amended Plan is available at:
   
     http://bankrupt.com/misc/azb2-16-07846-247.pdf

                  About S Diamond Steel

S Diamond Steel, Inc., based in Phoenix, Arizona, has been in
business as a Steel fabrication and erection contractor primarily
in the states of Arizona, Nevada, New Mexico, and California since
2001.  Since 2001, S Diamond has also worked in other states as
well as Puerto Rico.  

The Debtor filed a Chapter 11 petition (Bankr. D. Ariz. Case No.
16-07846) on July 11, 2016.  The petition was signed by Matthew
Miles Stevens, president.  The case is assigned to Judge Brenda K.
Martin.  

Allan NewDelman, Esq., at Allan D. NewDelman P.C. serves as the
Debtor's legal counsel.  Guy W. Bluff, Esq., at Bluff & Associates
represents the Debtor in connection with a $1.9 million claim filed
by the Board of Trustees of the California Ironworkers Field
Pension Trust in November last year.

The Debtor disclosed $1.59 million in total assets and $5.58
million in total liabilities.

No official committee of unsecured creditors has been appointed in
the Debtor's case.


SCOTTISH HOLDINGS: Taps Ernst & Young as Auditor
------------------------------------------------
Scottish Holdings, Inc., and Scottish Annuity & Life Insurance
Company (Cayman) Ltd. seek approval from the U.S. Bankruptcy Court
for the District of Delaware to hire Ernst & Young LLP.

The firm will audit the consolidated financial statements of SALIC
for the year ended Dec. 31, 2017.  

E&Y will charge the Debtor for audit services a flat fee of
$518,000.  The firm expects to incur additional fees, which will be
billed in accordance with these "out-of-scope" hourly rates:

     Partner - National     $475
     Partner                $370
     Executive Director     $320
     Senior Manager         $270
     Manager                $240
     Senior                 $190
     Staff                  $125

Thomas Fiepke, a partner at E&Y, disclosed in a court filing that
his firm neither holds nor represents any interest adverse to the
Debtors.

E&Y can be reached through:

     Thomas Fiepke
     Ernst & Young LLP
     100 North Tryon Street, Suite 3800
     28202 Charlotte, NC 28202
     Phone: 704-372-6300

           About Scottish Holdings and Scottish Annuity
                & Life Insurance Company (Cayman)

Scottish Holdings, Inc., and Scottish Annuity & Life Insurance
Company (Cayman) operate as subsidiaries of Scottish Re Group Ltd.
Scottish Re Group Limited -- http://www.scottishre.com/-- is a
holding company organized under the laws of the Cayman Islands with
its principal executive office in Bermuda.  Through its operating
subsidiaries, the company is engaged in the reinsurance of life
insurance, annuities and annuity-type products.  These products are
written by life insurance companies and other financial
institutions primarily located in the United States. Scottish Re
Group has operating companies in Bermuda, Ireland, and the United
States.

Scottish Holdings and Scottish Annuity sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
18-10160) on Jan. 28, 2018.  In the petition signed by CEO Gregg
Klinenberg, the Debtor estimated assets and liabilities of $1
billion to $10 billion.

The Debtors hired Hogan Lovells US LLP as bankruptcy counsel;
Morris, Nichols, Arsht & Tunnell LLP as co-counsel; Mayer Brown LLP
as special counsel; and Keefe, Bruyette & Woods, Inc. as investment
banker.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Feb. 20, 2018.  The Committee tapped Mayer
Brown LLP as special counsel and Appleby (Cayman) Ltd. as special
counsel.


SHAFFER & ASSOCIATES: Judge Denies Exclusivity Period Extension
---------------------------------------------------------------
The Hon. Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia has issued an order denying the
Motion of Shaffer & Associates, Limited, for an extension of the
exclusive period during which the Debtor may file and solicit
acceptances of a plan of reorganization.

Troubled Company Reporter has previously reported that the Debtor
asked the Court to for an extension of the exclusive filing period
to May 31, 2018 until finalization of the post-petition financing.
The Debtor has obtained the Court's approval and authorization to
secure postpetition financing from United Nation Bank.

The Debtor mentioned that it has been following two possible tracts
to reorganization, either: (a) obtain financing to rehabilitate the
Maxwell-Duncan House, or (b) sell the Maxwell-Duncan House to
prospective purchaser.

                 About Shaffer & Associates Limited

Shaffer & Associates Limited is principally engaged in the business
of renovating a parcel of property located at 141 East Main Street,
Clarksburg, West Virginia (the Maxwell-Duncan House), although it
does accept contract work, supervise and renovate real properties
for other entities.  The Maxwell-Duncan House is the Debtor's major
asset.

The Maxwell-Duncan House has historic significance to the City of
Clarksburg and Harrison County, as it is associated with relatives
and ancestors of Stonewall Jackson, noted Confederate General
during the American Civil War.

Shaffer & Associates Limited filed a Chapter 11 bankruptcy petition
(Bankr. N.D. W.Va. Case No. 17-00185) on Feb. 26, 2017.  In the
petition signed by its president, Martin L. Shaffer, the Debtor
disclosed $50,000 to $100,000 in assets and $100,000 to $500,000 in
liabilities.  The Debtor is represented by Brian R. Blickenstaff,
Esq., at Turner & Johns, PLLC.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Shaffer & Associates Limited as
of March 27, according to a court docket.


SPANISH BROADCASTING: Reports Preliminary Results for Q1 2018
-------------------------------------------------------------
Spanish Broadcasting System, Inc., reported preliminary estimated
financial results for the first quarter-ended March 31, 2018.

For the first quarter 2018, the Company currently estimates
consolidated net revenue to be between approximately $32.9 and
$33.9 million, an increase of between 5% and 8% over 2017 and
Adjusted OIBDA*, which excludes non-cash stock-based compensation,
to be between approximately $8.5 and $9.3 million, an increase of
between 44% and 58% over 2017.  Consolidated operating income is
currently estimated to be between approximately $6.5 and $7.6
million, representing a growth rate of between 71% and 100% over
2017.

"Although extraordinary, unforeseen and non-recurring factors
affected our Year End results for 2017, I am happy to report that
our Q1 2018 results are the best in the Company's history.  We are
focused on growing our top line while maintaining strictly
disciplined cost controls and delivering operating margins that are
among the best in the industry.

"Our experience in addressing the needs of the growing Hispanic
market, combined with our stable of heritage brands, will serve us
well in identifying growth opportunities throughout 2018 and
beyond," commented Raul Alarcon, chairman and CEO.

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

                     https://is.gd/bqOjyw
  
                  About Spanish Broadcasting

Based in Miami, Florida, Spanish Broadcasting System, Inc.
(OTCMKTS:SBSAA) -- http://www.spanishbroadcasting.com/-- is a
Spanish-language media and entertainment company with radio and/or
television stations in the top U.S. Hispanic markets, including
Puerto Rico.  The Company's owned and operated radio stations serve
markets representing approximately 35% of the U.S. Hispanic
population, and its television operations serve markets
representing over 3.5 million Hispanic households.  The Company
produces and distributes Spanish-language content, including radio
programs, television shows, music and live entertainment through
its radio stations and its television group, MegaTV, which produces
over 70 hours of original programming per week.  MegaTV broadcasts
via its owned and operated stations in South Florida, Houston, and
Puerto Rico and through programming and/or distribution agreements
with other stations, as well as various cable and satellite
providers.

The report from the Company's independent accounting firm Crowe
Horwath LLP, the Company's auditor since 2013, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the 12.5% Senior Secured Notes
had a maturity date of April 15, 2017.  Cash from operations or the
sale of assets was not sufficient to repay the notes when they
became due.  In addition, for the year ended Dec. 31, 2017, the
Company had a working capital deficiency and negative cash flows
from operations.  These factors raise substantial doubt about its
ability to continue as a going concern.

Spanish Broadcasting reported net income of $19.62 million for the
year ended Dec. 31, 2017, compared to a net loss of $16.34 million
for the year ended Dec. 31, 2016.  As of Dec. 31, 2018, Spanish
Broadcasting had $435.9 million in total assets, $531.81 million in
total liabilities and a total stockholders' deficit of $95.91
million.

                          *     *     *

In May 2017, S&P Global Ratings withdrew its 'D' corporate credit
rating and issue-level ratings on Spanish Broadcasting System.  "We
withdrew the ratings because we were unlikely to raise them from
'D', based on SBS' ongoing plans to restructure its debt," said S&P
Global Ratings' credit analyst Scott Zari.  S&P had downgraded SBS
to 'D' on April 21, 2017, following the company's announcement that
it didn't repay its $275 million 12.5% senior secured notes that
were due April 15, 2017, as reported by the TCR on May 25, 2017.

In April 2017, Moody's Investors Service downgraded SBS's corporate
family rating to 'Ca' from 'Caa2'.  SBS's 'Ca' corporate family
rating reflects an elevated expected loss rate following the
default under the company's 12.5% senior secured notes due April
2017.


SPANISH BROADCASTING: Swings to $19.6 Million Net Income in 2017
----------------------------------------------------------------
Spanish Broadcasting System, Inc., filed with the Securities and
Exchange Commission its Annual Report on Form 10-K reporting net
income of $19.62 million for the year ended Dec. 31, 2017, compared
to a net loss of $16.34 million for the year ended Dec. 31, 2016.
The decrease in net loss of $36.0 million was primarily due to the
income tax benefit and the decrease in interest expense, net,
offset by the decrease in operating income.

For the year-ended Dec. 31, 2017, consolidated net revenues totaled
$134.7 million compared to $144.6 million for the same prior year
period, resulting in a decrease of $9.9 million or 7%.  The
Company's radio segment net revenues decreased $10.0 million or 8%,
due to decreases in local, national and network sales which were
offset by increases in special event revenues.  The Company's
special events revenue increase occurred primarily in its Los
Angeles and San Francisco markets.  The Company's television
segment net revenues increased $0.1 million or 1%, due to the
receipt of a non-broadcast subscriber based revenue true up payment
offset by a decrease in local revenues.

Consolidated Adjusted OIBDA, a non-GAAP measure, totaled $35.2
million compared to $47.5 million for the same prior year period,
resulting in a decrease of $12.3 million or 26%.  The Company's
radio segment Adjusted OIBDA decreased $13.8 million or 24%,
primarily due to the decrease in net revenues of $10.1 million and
increase in operating expenses of $3.7 million.  Radio station
operating expenses primarily increased due to increases from
managing special events through thirds parties to mitigate related
exposure, taxes and licenses, AIRE network-affiliate station
compensation, legal settlements, bad debt and facilities expenses
offset by decreases in transmission costs and sales related
commissions and bonuses.  The Company's television segment Adjusted
OIBDA increased $1.8 million, due to the decrease in station
operating expenses of $1.7 million and the increase in net revenues
of $0.1 million.  Television station operating expenses decreased
primarily due to an increase in production tax credits which offset
originally produced content production costs and decreases in
barter, professional fees and commission expenses.  Our corporate
expenses, excluding non-cash stock-based compensation, increased
$0.3 million or 3% primarily due to increases in compensation and
benefits and airline charters to provide humanitarian relief to
Puerto Rico after Hurricane Maria offset by decreases in
professional fees.

Operating income totaled $40.5 million compared to $42.1 million
for the same prior year period, representing a decrease of $1.6
million or 4%.  This decrease in operating income was mainly due to
the decrease in net revenue and increases in recapitalization
costs, selling, general and administrative, and corporate expenses
offset by the gains on the sale of the Los Angeles facility and
spectrum assets.

For the quarter ended Dec. 31, 2017, Spanish Broadcasting reported
net income of $34.97 million on $36.38 million of net revenue
compared to net income of $3.51 million on $42.11 million of net
revenue for the quarter ended Dec. 31, 2016.

"Our fourth quarter results largely reflect continued challenging
operating conditions for the radio industry," said Raul Alarcon,
Chairman and CEO.  "While the radio market is facing headwinds, our
competitive position remains strong, with multiple top ranked
stations across key Latino markets nationwide and our AIRE radio
network closing the year with over 250 station affiliates.  We also
advanced our multi-media capabilities in 2017, most notably through
a commitment to digital innovation, expanding our capabilities and
launching a more expansive LaMusica app.  These efforts drove
increased share among key audience demographics including Hispanic
millennials.  Moving forward, the entire SBS team is sharply
focused on building upon our successes to date. Our goals in the
year ahead include additional aggregate audience share growth and
the delivery of compelling multi-platform experiences to our
listeners and integrated advertising opportunities to our brand
partners."

As of Dec. 31, 2018, Spanish Broadcasting had $435.90 million in
total assets, $531.81 million in total liabilities and a total
stockholders' deficit of $95.91 million.

The report from the Company's independent accounting firm Crowe
Horwath LLP, the Company's auditor since 2013, on the consolidated
financial statements for the year ended Dec. 31, 2017, includes an
explanatory paragraph stating that the 12.5% Senior Secured Notes
had a maturity date of April 15, 2017.  Cash from operations or the
sale of assets was not sufficient to repay the notes when they
became due.  In addition, for the year ended Dec. 31, 2017, the
Company had a working capital deficiency and negative cash flows
from operations.  These factors raise substantial doubt about its
ability to continue as a going concern.

      Continued Recapitalization and Restructuring Efforts

Spanish Broadcasting stated in a press release that "We have not
repaid our outstanding 12.5% Senior Secured Notes due 2017 (the
"Notes") since they became due on April 17, 2017, and continue to
evaluate all options available to refinance the Notes.  While we
assess how to best achieve a successful refinancing of the Notes,
we have continued to pay interest on the Notes, payments that a
group of investors purporting to own our 10 3/4% Series B
Cumulative Exchangeable Redeemable Preferred Stock (the "Series B
preferred stock") have challenged through the institution of
litigation in the Delaware Court of Chancery.  The complaint filed
by these investors revealed a purported foreign ownership of our
Series B preferred stock, which we are actively addressing,
including before the Federal Communications Commission (the "FCC")
in order to protect our broadcast licenses.  Our refinancing
efforts have been made more difficult and complex by the Series B
preferred stock litigation and foreign ownership issue.  We provide
more information about each of these items in our Annual Report on
Form 10-K for the year ended December 31, 2017.

"We have worked and continue to work with our advisors regarding a
consensual recapitalization or restructuring of our balance sheet,
including through the issuance of new debt or equity to raise the
necessary funds to repay the Notes.  The Series B preferred stock
litigation and the foreign ownership issue have complicated our
efforts at a successful refinancing of the Notes.  We believe that
the delay in refinancing the Notes has adversely affected us,
including because we have been paying substantially more in
interest expense on our outstanding Notes than would be the case if
we refinanced them in the current market based on the feedback we
have received from several financial institutions and potential
sources of capital; there is a cloud on title regarding who validly
owns our Series B preferred stock, which has created uncertainty as
to who owns these shares, and the parties with whom the Company
could potentially negotiate a consensual restructuring; we are
incurring higher legal costs than otherwise would be the case due
to our efforts to resolve the situation in general, to defend
ourselves against the Series B preferred stock litigation and to
address the foreign ownership issue before the FCC; the trading
price of our common stock and preferred stock has been materially
adversely affected; our ability to attract interest from investment
banks and third party capital suppliers has been materially
adversely affected; our reputation has been similarly negatively
affected as a general matter despite our diligent efforts to
resolve the situation; and the negativity and complexity
surrounding our situation has been an unfortunate distraction from
our otherwise successful business, notwithstanding the decrease in
consolidated net revenue and operating income for the fourth
quarter and year ended December 31, 2017, and the negative impact
that Hurricanes Harvey, Irma and Maria have had on us.  The
resolution of the recapitalization or restructuring of our balance
sheet, the litigation with the purported holders of our Series B
preferred stock and the foreign ownership issue are subject to
several factors currently beyond our control.  Our efforts to
effect a consensual refinancing of the Notes, the Series B
preferred stock litigation and the foreign ownership issue will
likely continue to have a material adverse effect on us if they are
not successfully resolved.  We face various risks regarding these
matters which are summarized in our Annual Report on Form 10-K for
the year ended December 31, 2017."

Spanish Broadcasting filed its Annual Report on May 23, 2018, after
it was due, as a result of needing more time to resolve the
accounting and tax treatment, and related disclosure, regarding
certain income tax related matters.

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

                       https://is.gd/g7yNSJ

                   About Spanish Broadcasting

Based in Miami, Florida, Spanish Broadcasting System, Inc.
(OTCMKTS:SBSAA) -- http://www.spanishbroadcasting.com/-- Spanish
Broadcasting System, Inc. owns and operates 17 radio stations
located in the top U.S. Hispanic markets of New York, Los Angeles,
Miami, Chicago, San Francisco and Puerto Rico, airing the Spanish
Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and
Latin Rhythmic format genres.  SBS also operates AIRE Radio
Networks, a national radio platform which creates, distributes and
markets leading Spanish-language radio programming to over 250
affiliated stations reaching 94% of the U.S. Hispanic audience.
SBS also owns MegaTV, a television operation with over-the-air,
cable and satellite distribution and affiliates throughout the U.S.
and Puerto Rico.  SBS also produces live concerts and events and
owns multiple bilingual websites, including www.LaMusica.com, an
online destination and mobile app providing content related to
Latin music, entertainment, news and culture.

                          *     *     *

In May 2017, S&P Global Ratings withdrew its 'D' corporate credit
rating and issue-level ratings on Spanish Broadcasting System.  "We
withdrew the ratings because we were unlikely to raise them from
'D', based on SBS' ongoing plans to restructure its debt," said S&P
Global Ratings' credit analyst Scott Zari.  S&P had downgraded SBS
to 'D' on April 21, 2017, following the company's announcement that
it didn't repay its $275 million 12.5% senior secured notes that
were due April 15, 2017, as reported by the TCR on May 25, 2017.

In April 2017, Moody's Investors Service downgraded SBS's corporate
family rating to 'Ca' from 'Caa2'.  SBS's 'Ca' corporate family
rating reflects an elevated expected loss rate following the
recently announced default under the company's 12.5% senior secured
notes due April 2017.


TALLGRASS ENERGY: Moody's Affirms Ba2 CFR & Ba3 Sr. Notes Rating
----------------------------------------------------------------
Moody's Investors Service affirmed Tallgrass Energy Partners, LP's
(TEP) Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of
Default (PDR) rating and Ba3 senior unsecured notes rating. The
Speculative Grade Liquidity (SGL) Rating of SGL-3 was also
affirmed. The rating outlook is stable.

In March 2018, Tallgrass Energy GP, LP (TEGP, unrated) and TEP
announced an agreement for TEGP to acquire TEP's publicly held
common units. As a result of the proposed transaction, the TEP
common units will no longer be publicly traded and 100 percent of
the equity interests of TEP will be owned by TEGP's subsidiary,
Tallgrass Equity, LLC. Following the transaction, which is expected
to close by the end of the second quarter, TEGP will be renamed as
Tallgrass Energy, LP and will trade as TGE.

Additionally, Moody's upgraded Rockies Express Pipeline LLC's (REX)
ratings including its CFR to Ba1 from Ba2.

"TEP benefits from improvement in the credit profile of REX (a
substantial cash flow contributor to TEP), simplification of
corporate structure and developments around PONY's service area,"
commented Sreedhar Kona, Moody's senior analyst. "However, TEP's
ratings improvement will require the company to further extend its
contracted cash flow visibility at PONY and demonstrate a path to
financial leverage reduction"

Affirmed:

Issuer: Tallgrass Energy Partners, LP

Corporate Family Rating, Affirmed Ba2

Probability of Default Rating, Affirmed Ba2-PD

Speculative Grade Liquidity (SGL) Rating, Affirmed SGL-3

$750 million Senior Unsecured Notes due 2028, Affirmed Ba3 (LGD5)

$750 million Senior Unsecured Notes due 2024, Affirmed Ba3 (LGD5)

Outlook Actions:

Issuer: Tallgrass Energy Partners, LP

Outlook, remains Stable

RATINGS RATIONALE

TEP's Ba2 CFR reflects its predominantly interstate pipeline asset
base with cash flow from firm transportation contracts and earnings
diversification between oil and natural gas transportation,
storage, water services and gather and processing. Pony Express
Pipeline (PONY) positions itself as a competitive crude oil
transportation option for Bakken Shale, DJ Basin and Powder River
Basin (PRB) production as well as access to downstream refineries
and the Cushing oil storage hub. PONY's contract extension with
Continental Resources Inc., (Ba2 positive) and other developments
such as construction of Iron Horse pipeline to transport crude oil
produced in PRB improve the prospects for PONY re-contracting its
capacity post-2020. TEP's ownership in REX adds to the EBITDA
stability given REX's contractual cash flow and access to natural
gas supply basins in the Rockies and Appalachian regions. TEP also
benefits from the proposed simplification of its corporate
structure by reducing complexity and potentially improving TEP's
cost of equity capital.

TEP's rating is constrained by the reliance of PONY and REX on
primarily "supply-push" E&P customers and its structural
subordination to the debt outstanding at REX, its largest cash flow
contributor. There is also uncertainty around cash flow post 2020,
when a significant number of PONY's transportation contracts
expire. TEP's debt/EBITDA (inclusive of REX's pro-rata share and
Moody's standard adjustments) ranges from high 4x to low 5x from
2018-2019. If the post-2020 contractual cash flow risk is not
further mitigated, this ratio could increase above 5x post-2020 due
to the expiration of PONY's contracts.

TEP's $1.5 billion senior unsecured notes are rated Ba3, one notch
below the Ba2 CFR, in accordance with Moody's Loss Given Default
Methodology, reflecting the notes' effective subordination to the
$1.75 billion senior secured revolving credit facility (unrated).

Moody's expects TEP will maintain an adequate liquidity profile as
reflected by the SGL-3 rating. The company has a $1.75 billion
senior secured revolving credit facility that matures in June 2022.
As of March 31, 2018, TEP had $816 million in outstanding
borrowings under the revolving credit facility. Moody's expects
that the company will rely significantly on its revolver as a
source of funding while maintaining minimal cash balances. The
revolving credit facility contains three financial covenants
including a maximum debt / EBITDA of 5x, a senior secured leverage
covenant of 3.75x, and a minimum EBITDA / interest of 2.5x. The
leverage covenant nets up to $7.5 million of cash and has a higher
threshold of 5.5x during a quarter in which an acquisition for
greater than $50 million is made, and also for the two subsequent
quarters. Moody's expects the company will remain in compliance
with these covenants.

TEP's stable outlook reflects Moody's view of TEP's ability to
recontract at least a portion of PONY's post-2020 uncontracted
capacity to help the company maintain its cash flows vis-a-vis its
debt burden.

Ratings could be upgraded if TEP reduces its debt to EBITDA ratio
below 4.5x and further mitigates its future cash flow risk by
re-contracting a significant portion of post-2020 capacity at
PONY.

Ratings could be downgraded if TEP's debt to EBITDA ratio is
expected to rise above 5.5x or if there is significant
deterioration in customer credit quality.

The principal methodology used in these ratings was Midstream
Energy published in May 2017.

TEP is currently a publicly traded master limited partnership
providing transportation, storage, terminal, water, gathering and
processing services for customers in the Rocky Mountain,
Appalachian and Midwest regions of the United States. Post TGE's
acquisition, TEP will be 100% owned by TGE's subsidiary Tallgrass
Equity, LLC.


TEMPUS AIRCRAFT: Taps Collateral Verifications as Expert Witness
----------------------------------------------------------------
Tempus Aircraft Sales and Service, LLC, received approval from the
U.S. Bankruptcy Court for the District of Colorado to hire
Collateral Verifications LLC as expert witness.

The services that CV will provide include performing an appraisal
of all line items of aircraft part inventory; preparing written
reports of the firm's opinions; and providing testimony in a
deposition before the court.

CV will charge a flat fee of $2,750 for a certified appraisal of
the aircraft parts, plus $0.95 per line item of inventory
appraised.  

Mark Peterman, who will be primarily responsible for providing the
services, will charge $350 per hour for testimony when travel is
required, $300 per hour for office-based expert witness advisory
services, and $150 per hour for travel required.  His firm will
receive a retainer in the sum of $8,156.

Mr. Peterman, vice-president of Technical Operations and Valuation
Services for CV, disclosed in a court filing that his firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

CV can be reached through:

     Mark Peterman
     Collateral Verifications LLC
     6 Wilson Road
     Weston, CT 06883
     Phone: 1.888.800.0030

              About Tempus Aircraft Sales and Service

Tempus Aircraft Sales and Service, LLC, operates a Pilatus Aircraft
dealership in Englewood, Colorado.  It also provides aircraft
engine servicing and maintenance.

Tempus Aircraft Sales and Service sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Colo. Case No. 18-13507) on
April 26, 2018.

In the petition signed by John G. Gulbin, III, manager, the Debtor
estimated assets of $10 million to $50 million and liabilities of
$10 million to $50 million.

Judge Elizabeth E. Brown presides over the case.  The Debtor tapped
Wadsworth Warner Conrardy, P.C. as its legal counsel.


TERNE' PROPERTIES: June 14 Plan and Disclosure Statement Hearing
----------------------------------------------------------------
Judge Andrew B. Altenburg, Jr. of the U.S. Bankruptcy Court for the
District of New Jersey conditionally approved Terne' Properties
LLC's small business disclosure statement to accompany its small
business plan dated May 3, 2018.

June 7, 2018 is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan, and the last day for filing written acceptances or
rejections of the Plan.

A hearing will be held on June 14, 2018 at 10:00 a.m. for final
approval of the disclosure statement and for confirmation of the
plan at the U.S. Bankruptcy Court, District of New Jersey, 400
Cooper St., Camden, NJ 08101, in Courtroom 4B.

Headquartered in Pleasantville, NJ, Terne' Properties LLC, a single
asset real estate company, filed for chapter 11 bankruptcy
protection (Bankr. D.N.J. Case No. 18-16698) on April 4, 2018, with
estimated assets of $500,000 to $1 million and estimated
liabilities of $1 million to $10 million. The petition was signed
by Thomas Terne', sole member of Terne' Properties, LLC.



TOYS R US: MGA CEO Larian Drops Bid to Buy Stores
-------------------------------------------------
Jaclyn Cosgrove, writing for the Los Angeles Times, reports that
Isaac Larian, CEO of MGA Entertainment, has said he has given up
his effort to buy several hundred Toys R Us stores after he and the
company's debt holders were unable to reach an agreement.

According to the report, a group of investors led by Larian had
submitted a $675-million bid April 13 for 274 of the 735 U.S. and
Puerto Rican stores the retailer is liquidating.  The bid was
rejected as inadequate, but Larian said in April he planned to
sweeten the bid for the U.S. stores after a separate $215-million
offer he made for 82 Canadian Toys R Us stores was topped by a
Toronto investment firm.  However, Larian said that negotiations
since then have failed to prove fruitful.

"The so-called advisors and lawyers milked that company to death in
a matter of seven months, which is remarkable," he said, according
to LA Times.  "And the current lenders are just not in touch with
reality on valuation."

LA Times reports that Toys R Us declined to comment on Larian's
decision, as did Joseph Malfitano, asset-disposition advisor for
Toys R Us. Attorneys at firms Kirkland & Ellis and Kutak Rock,
which have served as co-counsel for Toys R Us, did not immediately
respond to requests for comment.

                     About Toys R Us, Inc.

Toys "R" Us, Inc., was an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise was sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise was also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts, and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
were not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent. Consensus Advisory Services LLC and
Consensus Securities LLC, as sale process investment banker. A&G
Realty Partners, LLC, serves as its real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C. as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.

                        Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores and
3,000 employees, was sent into administration in the United Kingdom
in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018. The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.

                   Liquidation of U.S. Stores

Toys "R" Us, Inc., on March 15, 2018, filed with the U.S.
Bankruptcy Court a motion seeking Bankruptcy Court approval to
start the process of conducting an orderly wind-down of its U.S.
business and liquidation of inventory in all 735 of the Company's
U.S. stores, including stores in Puerto Rico.

                About Toys R Us Property Company I

Toys "R" Us Property Company I, LLC and its subsidiaries own fee
and leasehold interests in more than 300 properties in the United
States.  The Debtors lease the properties on a triple-net basis
under a master lease to Toys-Delaware, the operating entity for all
of TRU's North American businesses, which operates the majority of
the properties as Toys "R" Us stores, Babies "R" Us stores or
side-by-side stores, or subleases them to alternative retailers.  

Toys "R" Us Property was founded in 2005 and is headquartered in
Wayne, New Jersey.  Toys 'R' Us Property operates as a subsidiary
of Toys "R" Us Inc.

Toys "R" Us Property and affiliates Wayne Real Estate Holding
Company LLC, MAP Real Estate LLC, TRU 2005 RE I LLC, TRU 2005 RE II
Trust, and Wayne Real Estate Company LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No.
18-31429) on March 20, 2018.  The Propco I Debtors sought and
obtained procedural consolidation and joint administration of their
Chapter 11 cases, separate from the Toys "R" Us Debtors' Chapter 11
cases.

The Propco I Debtors disclosed that they had estimated assets of
$500 million to $1 billion and liabilities of $500 million to $1
billion.

Judge Keith L. Phillips presides over the Propco I Debtors' cases.

The Propco I Debtors hired Klehr Harrison Harvey Branzburg, LLP;
and Crowley, Liberatore, Ryan & Brogan, P.C., as co-counsel.
According to the petition, the Debtors also tapped Kutak Rock LLP.
They hired Goldin Associates, LLC as financial advisors.

An official committee of unsecured creditors has been appointed in
the Propco I Debtors' cases.


UFC HOLDINGS: S&P Alters Outlook to Stable & Affirms 'B' CCR
------------------------------------------------------------
S&P Global Ratings revised its rating outlook on UFC Holdings LLC
to stable from negative. At the same time, S&P affirmed the 'B'
corporate credit rating on the company.

S&P said, "We also affirmed the 'B+' issue-level rating on the
company's upsized aggregate $1.475 billion first-lien term loan due
2023, which incorporates the $100 million term loan add-on
completed in 2017. The '2' recovery rating on the first-lien term
loan is unchanged and reflects our expectation for substantial
recovery (70% to 90%; rounded estimate 85%) for lenders in the
event of a payment default. We also affirmed the 'CCC+' issue-level
rating on the company's $425 million second-lien term loan due
2024. The '6' recovery rating on this debt is unchanged and
reflects our expectation for negligible (0% to 10%; rounded
estimate: 0%) recovery for lenders in the event of a payment
default.

"We revised the rating outlook to stable from negative because we
expect UFC's newly announced U.S. domestic media rights contract
with ESPN will meaningfully increase revenue and EBITDA, resulting
in improved total lease- and preferred stock-adjusted
debt-to-EBITDA of about 7x by 2019. The announcement will
meaningfully improve UFC's financial risk because it will lead to
substantial deleveraging from the very high 9x
adjusted-debt-to-EBITDA that resulted when an Endeavor-led investor
consortium purchased the company in 2016. The new contract also
improves revenue mix by increasing contractual recurring media
rights fees as a percentage of total revenue, which we view
favorably because media rights provide multi-year revenue
visibility. We also believe higher revenue in the new contract will
likely expand EBITDA margin because UFC's scope and cost of content
production will likely increase at a slower rate than revenue. We
believe that similar to other sports media rights agreements, UFC's
partnership with ESPN will contain annual revenue escalators that
are not contingent on viewership metrics. This enhances the
stability of UFC's revenue base, which can periodically be volatile
due to the company's event-driven business model, unforeseen need
to cancel or postpone events because of fighter injuries, and the
popularity cycle of its athletes. We also believe UFC's partnership
with ESPN could drive incremental sponsorship revenue because of
the reach of the network's sports-oriented platform and the
potential to cross-advertise ESPN+ content.

"The stable outlook reflects our expectation for an improvement in
total lease- and preferred stock-adjusted debt-to-EBITDA to about
7x by fiscal year-end 2019. We expect this will be primarily driven
by growth in domestic media rights revenue, resulting in EBITDA
margin expansion and more stable cash flow.

"We could lower the rating if UFC's operations meaningfully
deteriorate and underperform our base-case expectations, causing
adjusted debt-to-EBITDA to stay above 7.5x. We could also lower the
rating if adjusted EBITDA coverage of cash interest expense
decreases and remains below 2x.

"An upgrade is unlikely at this time given UFC's high leverage. We
could raise the rating if a combination of EBITDA growth and debt
reduction results in adjusted leverage sustaining below 5.5x."


UNITED CHARTER: To Pay EWB Monthly Principal Payments Plus Interest
-------------------------------------------------------------------
United Charter, LLC, filed redlined copies of its first amended
plan and disclosure statement dated May 3, 2018.

The first amended plan places the Allowed Secured Claim of East-
West Bank into Class 1(a). The Allowed Class 1(a) Claim is impaired
and the holder of the Allowed Class 1(a) Claim is therefore
entitled to vote on the Plan.

Pursuant to a settlement with EWB that is made part of the Plan and
is contingent upon confirmation of the Plan, EWB will be allowed a
secured claim as of March 2, 2018 in the amount of $4,745,811.11
and this amount will increase with additional accrued interest,
costs and attorneys fees until confirmation.

Commencing on the 25th day of the month following the Effective
Date of the Plan, the Debtor will pay monthly payments of principal
plus interest based on a 25-year amortization of the Allowed Class
1(a) Claim amount. Interest will accrue on the Allowed Class 1(a)
Claim amount at the variable rate of the "Prime Rate" as published
by The Wall Street Journal, Western Edition, plus 1.5% per annum.
The Regular Interest rate on the Note will change on each date that
the Prime Rate changes. The Regular Interest rate will never be
lower than 6% or greater than 10%.

EWB will also be entitled to obtain an appraisal of the Real
Property at Debtor's expense no more than once annually unless a
material adverse change has occurred which EWB reasonably believes
has adversely affected the market value of the Real Property, in
which case EWB may obtain an updated appraisal at Debtor's expense.
Such appraisal shall include the aggregate "as is" value of the
Real Property based on the total market value of the individual
lots then existing at the time of the appraisal.

In addition, payments to Class 2 unsecured creditors will come from
net proceeds of collections, if any, by the Liquidating Trustee.

The Redlined Copies of First Amended Plan and Disclosure Statement
are available at:

         http://bankrupt.com/misc/caeb17-22347-234.pdf

                      About United Charter

United Charter LLC, owner of certain properties in Stockton,
California, filed a Chapter 11 petition (Bankr. E.D. Cal. Case No.
17-22347) on April 7, 2017.  In the petition signed by Raymond
Zhang, managing member, the Debtor estimated assets and liabilities
ranging from $1 million to $10 million.  The case is assigned to
Judge Ronald H. Sargis.  The Debtor is represented by Jeffrey J.
Goodrich, Esq., at Goodrich & Associates.  


UPLIFT RX: Seeks to Hire Cimo Mazer as Special Counsel
------------------------------------------------------
Uplift Rx, LLC, seeks authority from the U.S. Bankruptcy Court for
the Southern District of Texas to employ Cimo Mazer Mark, PLLC, as
special counsel to the Debtor.

Uplift Rx requires Cimo Mazer to provide includes evaluation and,
potentially, litigation through trial and any appeal, of the
following:

   (a) potential claims against the Debtor's former officers,
       directors, managers, shareholders, partners, employees, or
       control persons;

   (b) potential claims against professionals who performed
       services for the Debtors pre-petition;

   (c) potential claims for insurance-recovery; and

   (d) claims similar to those articulated in 11(a) – (c) that
       the Debtors, through the appointed Chapter 11 Trustee, and
       Cimo Mazer mutually agree to investigate and pursue.

Cimo Mazer will be paid at these hourly rates:

   -- 25% of gross recoveries or value to the estates in the
      event of a settlement pre-suit;

   -- 30% of gross recoveries or value to the estates in the
      event of a settlement after suit is filed until a date that
      is 60 days before the commencement of the earliest trial
      period (regardless of any continuances);

   -- 35% of gross recoveries or value to the estates in the
      event of a settlement within 60 days before the
      commencement of the earliest set trial period (regardless
      of any continuances) and thereafter, specifically to
      include any trial and any subsequent appeals.

David C. Cimo, partner of Cimo Mazer Mark, PLLC, 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.

Cimo Mazer can be reached at:

     David C. Cimo, Esq.
     CIMO MAZER MARK, PLLC
     100 SE 2nd St. Suite 3650
     Miami, FL 33131-2100
     Tel: (305) 374-6482

              About Uplift Rx, LLC

Uplift Rx, LLC is a Texas Limited Liability Company formed in June
2016. It operates a pharmacy located in Houston, Texas. Uplift Rx,
along with other affiliated entities together make up the Alliance
Healthcare family, a group of privately held companies
headquartered in South Jordan, Utah. The Alliance network consists
of 20 pharmacies across the country, including three pharmacies in
Texas. Since 2006, the Alliance Healthcare companies have been
working to improve the well-being of those with chronic health
conditions such as diabetes.

Uplift Rx, LLC and its debtor affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
17-32186) on April 7 and 8, 2017. The petitions were signed by
Jeffrey C. Smith, its chief executive officer.

At the time of the filing, the Debtors estimated assets of less
than $1 million and liabilities of $50 million to $100 million. The
cases are assigned to Judge Marvin Isgur. The Debtors tapped Baker
& Hostetler LLP as legal counsel.

Following the appointment of Ronald L. Glass as the Chapter 11
trustee, BakerHostetler LLP was retained as his attorney. The
trustee hired GlassRatner Advisory & Capital Group LLC as his
financial advisor. Nelson Mullins Riley & Scarborough, LLP, and
Cimo Mazer Mark, PLLC as special counsel.

On May 3, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The committee hired Fox
Rothschild as bankruptcy counsel, and CohnReznick LLP as financial
advisor and forensic accountant.



VASARI LLC: June 15 Plan Confirmation, Valuation Hearing
--------------------------------------------------------
Judge Mark X. Mullin of the U.S. Bankruptcy Court for the Northern
District of Texas will convene a hearing on June 15, 2018, at 9:00
a.m., to consider confirmation of the Second Amended Chapter 11
Plan filed by Vasari, LLC.  The Court will also consider arguments
relating to the Official Committe eof Unsecured Creditors' motion
for valuation of Cadence Bank's secured claim at the June 15
hearing.

The Court directs all parties to file depositions of all fact
witnesses and testifying experts on or before June 11, 2018.  All
witness and exhibit lists, along with copies of all marked
exhibits, for any hearing regarding the Plan or confirmation
thereof and/or the Motion must be submitted to the Court on or
before June 12, 2018 at 4:00 p.m. (central time).

The Debtor, in April, withdrew the Plan it filed last year
following objections.  The Debtor in early May filed a first
amended disclosure statement providing for 4.28% recovery to
holders of general unsecured claims, which are estimated to total
$3.5 million.  The Debtor further reduced the recovery of general
unsecured creditors in the Second Amended Disclosure Statement to
only 2.38%-2.72% but increased the estimated total amount of
general unsecured claims to between $5.5 million to $6.3 million.

The First Amended Disclosure Statement also increased the recovery
of American Dairy Queen from 8.75% to 100% but estimated the DQ
Claims at $609,770.62, instead of the $4.0 million estimate in the
original plan.

The First Amended Disclosure Statement also reduced the estimate of
Cadence's Claim to $11,011,966.10, from $11,049.810.00.

In its Valuation Motion, the Committee complained that the Debtor's
proposed treatment of the Cadence claim under the First Amended
Plan as fully secured "flies in the face of the economic realities
of this case as well as section 506(a) of the Bankruptcy Code."
There is no reason that the Debtor should be paying Cadence on an
$11 million secured claim when the value of the Cadence collateral
is manifestly less than that amount, the Committee argued.

It is for this reason that the Committee asked the Court for a
valuation hearing and an appropriate discovery and briefing
schedule to determine the value of Cadence's collateral pursuant to
11 U.S.C. Section 506 and Bankruptcy Rule 3012.  Valuing Cadence's
collateral, according to the Committee, is a core part of the Plan,
and fixing the amount of Cadence's secured claim and deficiency
claim, if any, will have a direct impact on distributions to both
Cadence and unsecured creditors.

A full-text copy of the First Amended Disclosure Statement is
available at:

          http://bankrupt.com/misc/txnb17-44346-324-2.pdf

A full-text copy of the Second Amended Disclosure Statement is
available at:

          http://bankrupt.com/misc/txnb17-44346-338-2.pdf

                      About Vasari, LLC

Fort Worth, Texas-based Vasari, LLC -- http://www.vasarillc.com/--
is a franchisee of the Dairy Queen restaurant with 70 locations in
Texas, Oklahoma, and New Mexico.  The Dairy Queen restaurants serve
a normal fast-food menu featuring burgers, French fries, salads and
grilled and crispy chicken in addition to frozen treats and hot
dogs.

Roundtable Corporation, Food Service Holdings, Ltd. ("FSH"), and
Concert Management, Ltd., Vasari's predecessors-in-interest to
several of the DQ locations, sought bankruptcy protection (Bankr.
E.D. Tex. Lead Case NO. 12-40510) in March 2012.  On June 28, 2012,
Vasari -- at the time owned by other individuals and entities
unrelated to the current owner -- acquired the assets of
Roundtable, et al., including 71 DQ franchises, in exchange for
$10,500,000.  After operating Vasari for approximately 18 months,
EMP Vasari Holding, LLC entered into a Membership Interests
Purchase Agreement dated December 2015, purchasing 100% of the
equity of Vasari from the prior owners. Since that date, Vasari
sold 4, closed 5, relocated 1, and opened 6 DQ stores.

Vasari, LLC, sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 17-44346) on Oct. 30, 2017, with plans to close 29 locations.
The Debtor estimated assets and debt of $10 million to $50
million.

The Hon. Mark X. Mullin is the case judge.

Husch Blackwell LLP is the Debtor's counsel.  The Advantage Group
Enterprise, Inc., is the auctioneer.  Donlin, Recano & Company,
Inc., is the claims agent.  Mastodon Ventures, Inc., is the
financial advisor and investment banker.

On Nov. 9, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee tapped
Gray Reed & McGraw LLP as its legal counsel, and Emerald Capital
Advisors Corp. as its financial advisor.


VER TECHNOLOGIES: Taps Zolfo Cooper as Financial Advisor
--------------------------------------------------------
VER Technologies HoldCo LLC seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Zolfo Cooper, LLC, as
financial advisor to Eugene Davis, independent member of the
company.

The firm will advise Mr. Davis regarding his duties as member of a
special committee, which was formed to review potential estate
claims and causes of action.

The firm will charge these hourly rates:

     Managing Directors        $850 - $1,035
     Professional Staff        $320 - $850
     Support Personnel          $70 - $300

Scott Winn, senior managing director of Zolfo, 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:

     Scott W. Winn
     Zolfo Cooper, LLC
     1114 Avenue of the Americas, 41st Floor
     New York, NY 10036
     Tel: +1 212-561-4030
     Cell: +1 908-414-0371
     Email: swinn@zolfocooper.com

                      About VER Technologies

VER Technologies is a global provider of production equipment and
engineering support.  With the world's largest inventory of rental
equipment, VER supplies the most advanced technology to a broad
array of clients in the TV, cinema, live events, broadcast and
corporate markets.  Clients rely on VER's depth of experience in
Broadcast, Audio, Video, Lighting, LED, Cameras, Rigging, Media
Servers, Fiber and more.  With 35 offices across North America and
Europe, 24/7 support, and unparalleled expertise, VER can support
any live or taped production anywhere in the world.

VER Technologies, et al., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. Del. Case No. 18-10834) on April 5, 2018.
In its petition signed by Digby Davies, CEO.  VER Technologies
HoldCo disclosed $0 to $50,000 in assets and $ $10 million to $50
million in liabilities.  

The Hon. Kevin Gross presides over the case.

The Debtors tapped Kirkland & Ellis LLP and Klehr Harrison Harvey
Branzburg LLP as their legal counsel; AlixPartners LLP as
restructuring advisor; PJT Partners as financial advisor; and
Kurtzman Carson Consultants LLC as claims and noticing agent.  

Skadden, Arps, Slate, Meagher & Flom LLP, and Perella Weinberg
Partners serve as advisors to Bank of America Merrill Lynch.  FTI
Consulting and Morgan, Lewis & Bockius LLP serve as advisors to GSO
Capital Partners.

The Office of the U.S. Trustee for Region 3 appointed an official
committee of unsecured creditors on April 12, 2018.  The Trustee
tapped Whiteford Taylor & Preston LLC and Sulmeyerkupetz, a
Professional Corporation, as legal counsel.


VERNON PARK: Has Until Sept. 14 To Exclusively File Plan
--------------------------------------------------------
The Hon. Donald R. Cassling of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of Vernon
Park Church of God, the exclusivity period for the Debtor to file a
plan of reorganization and disclosure statement until Sept. 14,
2018.

As reported by the Troubled Company Reporter on May 16, 2018, the
Debtor sought the extension, saying it needs additional time:

     (a) to develop its reorganization plan and to file a plan of
         reorganization and disclosure statement;

     (b) to select a new developer for the excess land;

     (c) to pursue the TIF funds from the Village of Lynwood;

     (d) to select a general contractor to assist it with planning
         the construction work that is necessary to finish the
         church premises and landscaping; and

     (e) to resolve objections to claims and the priority of the
         mechanic's lien claims -- the Debtor believes that the
         Court is the best forum to determine the validity and
         priority of the $3.8 million in lien claims, and that
         multiple adversary proceedings will be required to
         determine the validity and priority of the lien claims.

The status hearing on the filing of the plan and disclosure
statement will be held on Sept. 18, 2018, at 10:00 a.m.

                  About Vernon Park Church of God

Based in Lynwood, Illinois, Vernon Park Church of God --
http://www.vpcog.org/-- is a religious organization.  The Church's
Sunday service is at 10:00 a.m., and Children's Church is held
during Sunday service.

Vernon Park Church of God filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 17-35316) on Nov. 28, 2017.  In the petition signed
by Jerald January Sr., pastor, the Debtor estimated both assets and
liabilities between $1 million to $10 million.  The case is
assigned to Judge Donald R Cassling.  The Debtor is represented by
Karen J. Porter, Esq., at Porter Law Network.


VIDEOLOGY INC: Taps Cole Schotz as Legal Counsel
------------------------------------------------
Videology, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Cole Schotz P.C. as its legal
counsel.
  
The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; assist in the sale of their
assets; negotiate with creditors; and provide other legal services
related to their Chapter 11 cases.

The firm will charge these hourly rates:

     Members/Special Counsel              $435 - $920
     Associates                           $260 - $490
     Paralegals                           $175 - $300
     Litigation Support Specialists       $295 - $395

Cole Schotz received payments totaling $426,358.

Irving Walker, Esq., at Cole Schotz, 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:

     Patrick J. Reilley, Esq.
     G. David Dean, Esq.
     Cole Schotz P.C.
     500 Delaware Avenue, Suite 1410
     Wilmington, DE 19801
     Tel: 302-652-3131
     Fax: 302-652-3117
     E-mail: reilley@coleschotz.com
     E-mail: ddean@coleschotz.com
                          
          - and -

     Irving E. Walker, Esq.
     Cole Schotz P.C.
     300 E. Lombard Street, Suite
     Baltimore, MD 21202
     Tel: 410-230-0660
     Fax: 410-528-9400
     E-mail: iwalker@coleschotz.com

                       About Videology Inc.

Videology, Inc., headquartered in Baltimore, Maryland, is a
privately-held, venture-backed company specializing in television
and video advertising.  It was founded in 2007 by Scott Ferber.

Videology and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Del. Lead Case No. 18-11120) on May
10, 2018.

In the petitions signed by CEO Scott A. Ferber, the Debtors
estimated assets of $10 million to $50 million and liabilities of
$100 million to $500 million.  

Judge Brendan Linehan Shannon presides over the cases.

The Debtors tapped Cole Schotz P.C. as their legal counsel; Hogan
Lovells US LLP and Hogan Lovells International LLP as special
Corporate counsel; and Berkeley Research Group as financial
advisor.


VIDEOLOGY INC: Taps Omni Management as Administrative Agent
-----------------------------------------------------------
Videology, Inc., seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire Omni Management Group as its
administrative agent.

The firm will provide bankruptcy administration services, which
include recording all transfers of claims; preparing claim reports;
managing the publication of legal notices; tabulating votes in
connection with any proposed bankruptcy plan; and managing any
distributions pursuant to the plan.

Omni will charge these hourly rates:

     Analyst                     $25 - $40
     Consultant                  $50 - $125
     Senior Consultant          $140 - $155
     Equity Services                $175  
     Technology/Programming      $85 - $135  

Paul Deutch, senior vice-president of Omni, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

Omni can be reached through:

     Paul H. Deutch
     Omni Management Group
     1120 Avenue of the Americas, 4th Floor
     New York, NY 10036
     Tel: 212-302-3580
     Fax: 212-302-3820
     E-mail: nycontact@omnimgt.com

                       About Videology Inc.

Videology, Inc., headquartered in Baltimore, Maryland, is a
privately-held, venture-backed company specializing in television
and video advertising.  It was founded in 2007 by Scott Ferber.

Videology and its affiliates sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Del. Lead Case No. 18-11120) on May
10, 2018.

In the petitions signed by CEO Scott A. Ferber, the Debtors
estimated assets of $10 million to $50 million and liabilities of
$100 million to $500 million.  

Judge Brendan Linehan Shannon presides over the cases.

The Debtors tapped Cole Schotz P.C. as their legal counsel; Hogan
Lovells US LLP and Hogan Lovells International LLP as special
corporate counsel; and Berkeley Research Group as financial
advisor.


WESTMORELAND COAL: Secures $110 Million in New Financing
--------------------------------------------------------
Westmoreland Coal Company has secured a new financing commitment
for $110 million from an ad hoc group of the Company's existing
secured creditors holding approximately 79% of its term loan and
approximately 79% of its senior secured notes.

Proceeds from the financing will provide additional liquidity and
will be used to fully repay both the San Juan term loan and the
existing asset-based revolvers, simplifying Westmoreland's capital
structure.  The additional liquidity will provide more time for the
Company and its advisors to continue negotiations with the Ad Hoc
Group to develop a comprehensive restructuring plan that will
right-size the Company's capital structure and better ensure the
long-term viability of Westmoreland.

"We appreciate the confidence our secured creditors continue to
show through their increased financial support and their
constructive ongoing dialogue," said Westmoreland's Interim Chief
Executive Officer, Michael Hutchinson.  "Today's announcement
underscores the value Westmoreland delivers to its communities,
customers and employees today and will deliver long into the
future.  Securing this financing is a meaningful step towards
simplifying our capital structure while providing additional
liquidity to the parent.  This financing also provides us with the
financial flexibility to develop a longer-term plan while
soliciting input from a number of our key constituents, who all
want to see Westmoreland continue to grow and prosper.  In the
months ahead, we will continue our evaluation and determine the
appropriate strategic, operational and financial structure to
support the continued future growth of our business."

The Company said it maintains a strong and viable business as
evidenced by its positive free cash flow, and its employees,
customers and vendors should see no disruption to current
operations as a result of this announcement.

The following is a summary of the key terms of the financing
package:

   * $90 million available immediately, plus $20 million delayed
     draw availability, in the form of a new $110 million delayed
     draw term loan from the Ad Hoc Group, secured by
     substantially all of the Company's U.S. and Canadian assets;

   * Flexibility to convert the term loan into a post-petition
     financing package should the Company pursue an in-court
     restructuring; and

   * The Company's existing secured creditors will receive a lien,
     junior to the senior lien securing the financing, on
     substantially all of the Company's domestic assets that did
     not previously secure existing debt.

Neither Westmoreland Resources Partners, LP nor any of its
subsidiaries will be obligors under the new financing package.

Kirkland & Ellis LLP is serving as legal advisor, Centerview
Partners is serving as financial advisor and investment banker, and
Alvarez & Marsal is serving as restructuring advisor to
Westmoreland.  Kramer Levin Naftalis & Frankel LLP is serving as
legal advisor and FTI Consulting, Inc. is serving as financial
advisor to the Ad Hoc Group.

A full-text copy of the Fourth Amendment to Credit Agreement is
available for free at https://is.gd/l0UARB

                      Forbearance Agreement

On May 21, 2018, the Company and certain of its subsidiaries
entered into a forbearance agreement with certain holders of the
Company's Senior Secured Notes due 2022 issued pursuant to the
Indenture, dated as of Dec. 16, 2014, by and among the Company, the
Guarantors party thereto and U.S. Bank National Association, as
trustee and collateral agent.  Pursuant to the Forbearance
Agreement, the Supporting Holders have agreed to forbear from
exercising their rights and remedies under the Indenture or the
related security documents until the earlier of (a) 12:01 a.m. New
York City time on Sept. 30, 2018 and (b) a Termination Event (as
defined in the Forbearance Agreement) with respect to certain
potential events of default arising under section 6.01 of the
Indenture.  Pursuant to the Forbearance Agreement, the Supporting
Holders have agreed, for the duration of the Forbearance Period, to
not deliver any notice or instruction to the Trustee directing the
Trustee to exercise any of the rights and remedies under the
Indenture or the related security documents with respect to any
default caused by (i) the Company's entry into the Bridge Loan
Agreement, (ii) the Company's failure to pay interest due on the
notes under the Indenture, (iii) the Company's failure to pay
interest or principal due under its Term Loan Credit Facility, (iv)
any failure by Westmoreland Resource Partners, LP to pay interest
or principal under its financing agreement or (v) any event, or
entry into proceedings by the MLP.

                    About Westmoreland Coal

Based in Englewood, Colorado, Westmoreland Coal Company --
http://www.westmoreland.com/-- is an independent coal company
based in the United States.  The Company produces and sells thermal
coal primarily to investment grade utility customers under
long-term, cost-protected contracts.  Its focus is primarily on
mine locations which allow it to employ dragline surface mining
methods and take advantage of close customer proximity through
mine-mouth power plants and strategically located rail
transportation.  At Dec. 31, 2017, the Company's U.S. coal
operations were located in Montana, Wyoming, North Dakota, Texas,
New Mexico and Ohio, and its Canadian coal operations were located
in Alberta and Saskatchewan.  The Company sold 49.7 million tons of
coal in 2017.

Westmoreland Coal reported a net loss applicable to common
shareholders of $71.34 million for the year ended Dec. 31, 2017, a
net loss applicable to common shareholders of $27.10 million for
the year ended Dec. 31, 2016, and a net loss applicable to common
stockholders of $213.64 million for the year ended Dec. 31, 2015.
As of March 31, 2018, Westmoreland Coal had $1.63 billion in total
assets, $2.12 billion in total liabilities and a total deficit of
$489.67 million.

The audit opinion included in the company's Annual Report on Form
10-K for the year ended Dec. 31, 2017 contains a going concern
explanatory paragraph.  Ernst & Young LLP stated that the Company
has a substantial amount of long-term debt outstanding, is subject
to declining industry conditions that are negatively impacting the
Company's financial position, results of operations, and cash
flows, and has stated that substantial doubt exists about the
Company's ability to continue as a going concern.

                          *     *     *

As reported in April 2018, Moody's Investors Service downgraded the
ratings of Westmoreland Coal Company, including its corporate
family rating (CFR) to Caa3 from Caa1.  According to Moody's, the
downgrade reflects the company's weak liquidity position, due to
the near-term maturity of its term loan.

In March 2018, S&P Global Ratings lowered its issuer credit rating
on Westmoreland Coal Co. to 'CCC-' from 'CCC' and placed all of its
ratings on the company on CreditWatch with negative implications.
"The rating downgrade reflects our view that Westmoreland Coal Co.
(WLB) could breach its fixed charge coverage in the next three to
six months.  This would cause a cross default with its term loan
and senior notes that would become immediately due.  Westmoreland
has a $321 million term loan that matures in December 2020, and
$350 million of senior secured notes that mature in January 2022,"
S&P said, according to a TCR report dated March 13, 2018.


WILLIAM ABRAHAM: Hearing Held on American Furniture Bldg Lease
--------------------------------------------------------------
David Crowder, writing for El Paso Inc., reports that U.S.
Bankruptcy Judge H. Christopher Mott conducted a telephonic hearing
Monday in the bankruptcy case of William "Billy" Abraham, regarding
an agreement to lease the American Furniture building to developer
Jose A. Gonzalez.

El Paso Inc. reports that Gonzalez struck a deal with the
court-appointed trustee in Abraham's Chapter 11 bankruptcy, Ronald
Ingalls, wherein Gonzalez could renovate the derelict building,
operate a Wyndham Hotel there and handle a 30 to 50 year lease.
The report notes that, while Gonzalez is offering a $185,000 a year
ground lease, El Paso billionaire Paul Foster has made a $225,000
offer to buy the American Furniture building and land.

The report relates Mike Shane, Esq., at Gordon Davis Johnson &
Shane, has filed an objection to the deal, saying Gonzalez has had
multiple lawsuits filed against him and/or his companies within the
past four years in Harris and El Paso Counties for alleged breach
of contract, fraud, unjust enrichment and more.  Shane suggested it
would be irresponsible to hand Gonzalez and his company, JG WRD,
LLC, a long-term lease instead of selling the building to the
highest bidder.

The report notes that Shane and his firm originally represented
Abraham creditors Ivan Aguilera and IGSFA.  Abraham owes Aguilera
$105,475 over a Puerto Rican real estate deal.  He also owes $1.2
million to Aguilera's company, IGSFA, for an El Paso concert in
2015 by Aguilera's father, singer Juan Gabriel.

The report also says Gordon Davis in April picked up four El Paso
clients interested in buying major Abraham properties Downtown:
Paul Foster's Franklin Mountain Management, Tom Bohannon of
Bohannon Development Corp., Transtelco CEO Miguel Fernandez and
Alvaro Bustillos, CEO of Vaquero Trading.  Foster et al. do not
hold a claim against Abraham.

Stephen Sather, Esq., which represents the Trustee, told Judge Mott
the lease arrangement would not pay off the liens and creditors,
who would have to be paid over the term of the lease, the report
relates.

Judge Mott, with the agreement of the attorneys, set a July 24 date
for a hearing on whether to approve or reject the proposed ground
lease for the American Furniture building, the report adds.

                      About William Abraham
                    and Franklin Acquisitions

William David Abraham filed for chapter 11 bankruptcy protection
(Bankr. W.D. Tex. Case No. 18-30184) on Feb. 6, 2018, and is
represented by Omar Maynez, Esq. of Maynez Law.  Franklin
Acquisitions, one of Mr. Abraham's companies, also filed for
Chapter 11 bankruptcy.

Mr. Abraham is a well-known businessman in El Paso, Texas.  He has
a portfolio of at least 15 downtown buildings, including several
prominent, historical ones.

Franklin Acquisitions LLC is a privately-held company whose
principal assets are located at 932 Cherry Hill, El Paso, Texas.
Franklin Acquisitions sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 18-30185) on Feb. 6,
2018.  In the petition signed by William D. Abraham, member, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Judge H. Christopher Mott presides over the case.

Ronald E. Ingalls has been appointed as the Chapter 11 trustee in
both Debtors' cases.  Barron & Newburger, P.C., serves as the
Trustee's counsel.


WINDSOR MARKETING: 8th Interim Cash Collateral Order Entered
------------------------------------------------------------
The Hon. James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has signed an eighth interim order
authorizing Windsor Marketing Group, Inc. to use cash collateral in
the ordinary course of its business, to be disbursed for payment of
the expenses as set forth on the budget beginning May 20, 2018,
through June 30, 2018.

As of the Petition Date, the Debtor's books and records reflect
that the Debtor was indebted and liable to People's United Bank
approximately as follows: (a) under the Revolver: $3,412,977; (b)
under first capex loan: $190,024; (c) under a term loan: $642,857;
and (d) under second capex loan $126,945.  In order to secure the
payment and performance of the Revolver, the Debtor granted
People's United Bank a security interest in, a lien on and pledge
and assignment of substantially all present and future personal
property of the Debtor.

The Debtor believes that People's Capital Leasing Corp. and State
of Connecticut Department of Economic and Community Development
("DECD") may assert interests in some portion of the cash
collateral.  

To the extent that any of the Other Lien Holders hold an interest
in the cash collateral, each such Other Lien Holder is granted (a)
a replacement lien on all of its Prepetition Collateral and its
Postpetition Collateral and (b) a superpriority claim under Section
503(b).

Such replacement liens and superpriority claims will be only for
the amount of any diminution in value (if any) of such Other Lien
Holder's interest (if any) in the cash collateral and that such
replacement liens or superpriority claim will be only to the same
validity, priority and extent of any prepetition interest in the
cash collateral held by such Other Lien Holder.

As adequate protection to People's United Bank and DECD for the
Debtor's use of cash collateral and for any actual diminution in
the value of the collateral, People's United Bank and DECD are
granted, nunc pro tunc to the Petition Date, the following, to be
accorded the same priority as between People's United Bank and DECD
as their respective liens and security interests had against the
prepetition collateral as of the Petition Date:

     (a) A continuing post-petition lien and security interest in
all pre-petition property of the Debtor as it existed on the
Petition Date, of the same type against which People's United Bank
and DECD held validly perfected liens and security interests as of
the Petition Date; and

     (b) A continuing post-petition lien in all property acquired
by the Debtor after the Petition Date of the same type against
which the People's United Bank and DECD held validly perfected
liens and security interests as of the Petition Date. However, the
Replacement Liens will not extend to any claims or causes of action
arising under chapter 5 of the Bankruptcy Code, including the
proceeds or property recovered in connection with the pursuit of
any such Avoidance Actions.

The replacement liens granted to People's United Bank and DECD
above will maintain the same priority, validity and enforceability
as People's United Bank's and DECD's liens had on the prepetition
collateral and will be recognized only to the extent of any actual
diminution in the value of the prepetition collateral resulting
from the use of cash collateral pursuant to the Order.

To the extent the replacement liens granted to People's United Bank
and DECD are insufficient to compensate People's United Bank or
DECD for any actual diminution in value of the cash collateral,
People's United Bank and DECD will be entitled to a super-priority
administrative claim pursuant to 11 U.S.C. Section 503(b) of the
Bankruptcy Code, and Lender and DECD will be entitled to the
protections of and the priority set forth in 11 U.S.C. Section
507(b).

The Court ordered that the Debtor pay DECD an adequate protection
payment of $5,000 on or before June 20, 2018, and to the extent not
yet paid, the adequate protection payment of $5,000 that was due
pursuant to a prior cash collateral order on or before May 19,
2018, and is to be paid May 31, 2018.

A further hearing on the Debtor’s use of Cash Collateral is
scheduled on June 14, 2018 at 2:00 p.m.

A full-text copy of the 8th Interim Cash Collateral Order is
available at


http://bankrupt.com/misc/WindsorMarketing_CashCollateral_8thInterimOrder.pdf

                  About Windsor Marketing Group

Headquartered in Suffield, Connecticut, Windsor Marketing Group,
Inc. -- https://windsormarketing.com/ -- is a privately held
company that develops and implements innovative in-store marketing
programs for more than 3,000 clients, including some of the
nation's top retailers.  Founded in 1976, Windsor Marketing helps
retailers make their stores easier to shop, reduce turnaround times
and lower production and fulfillment costs.

Windsor Marketing Group filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 18-20022) on Jan. 8, 2018.  In the petition signed
by Kevin F. Armata, president, the Debtor estimated assets and
liabilities at $10 million to $50 million.

The Debtor's counsel is James Berman, Esq., at Zeisler & Zeisler,
P.C.

The U.S. Trustee for Region 2 on Jan. 22, 2018, appointed three
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case. Lowenstein Sandler LLP, serves as counsel
to the Committee; Neubert, Pepe & Monteith, P.C., as its
Connecticut counsel.


WINEBOW GROUP: S&P Cuts CCR to CCC+ on Operation Underperformance
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based Winebow Group LLC to 'CCC+' from 'B-'. The outlook is
negative.

S&P said, "At the same time, we lowered the rating on the company's
$230 million first lien term loan to 'CCC+' from 'B-'. The recovery
rating remains unchanged at '3', indicating our expectation for a
meaningful (50%-70%; rounded estimate 55%) recovery in the event of
payment default. We also lowered the rating on the company's $130
million second lien term loan to 'CCC-' from 'CCC'. The recovery
rating remains unchanged at '6', indicating our expectation for a
negligible (0%-10%; rounded estimate 0%) recovery in the event of
payment default."

The downgrade reflects continued operational underperformance and
S&P's expectation that leverage will remain around 10x over the
next year and the company will not be able to meaningfully improve
its cash flow generation, which could hinder its ability to
refinance its revolving credit facility before July 1, 2019, when
it becomes current.

The negative outlook reflects the risk that the company will not be
able to improve its operations and strengthen cash flow generation,
which could constrain its ability to refinance its revolving credit
facility (which matures on July 1, 2020 and becomes current on July
1, 2019) and could lead to erosion of liquidity.

S&P said, "We could downgrade the company if it is unable to
strengthen its cash flow and its liquidity becomes constrained. In
addition, we could lower the ratings if we believe the company
cannot refinance its revolver before it becomes current in July
2019.

"We could take a positive rating action or revise the outlook to
stable if the company can improve performance such that leverage is
reduced and sustained closer to 7x and the company generates
sufficient cash flow to demonstrate positive momentum towards
revolver financing."



[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                   Total     Holders'    Working
                                  Assets       Equity    Capital
  Company         Ticker            ($MM)        ($MM)      ($MM)
  -------         ------          ------     --------    -------
ABSOLUTE SOFTWRE  ALSWF US          90.8        (57.6)     (34.4)
ABSOLUTE SOFTWRE  OU1 GR            90.8        (57.6)     (34.4)
ABSOLUTE SOFTWRE  ABT CN            90.8        (57.6)     (34.4)
ABSOLUTE SOFTWRE  ABT2EUR EU        90.8        (57.6)     (34.4)
ACELRX PHARMA     ACRX US           65.8        (46.9)      40.4
ACELRX PHARMA     ACRXUSD EU        65.8        (46.9)      40.4
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)
AMERICA'S CAR-MA  CRMT US          456.3       (204.3)     353.9
AMERICA'S CAR-MA  HC9 GR           456.3       (204.3)     353.9
AMERICA'S CAR-MA  CRMTEUR EU       456.3       (204.3)     353.9
AMERICAN AIRLINE  AAL US        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  AAL1USD EU    53,280.0     (1,018.0)  (7,335.0)
AMERICAN AIRLINE  A1G TH        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 GZ        53,280.0     (1,018.0)  (7,335.0)
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)
AMYRIS INC        AMRS US          118.2       (286.2)     (36.7)
AMYRIS INC        3A01 TH          118.2       (286.2)     (36.7)
AMYRIS INC        3A01 GR          118.2       (286.2)     (36.7)
AMYRIS INC        3A01 QT          118.2       (286.2)     (36.7)
AMYRIS INC        AMRSEUR EU       118.2       (286.2)     (36.7)
AMYRIS INC        AMRSUSD EU       118.2       (286.2)     (36.7)
ASPEN TECHNOLOGY  AZPN US          246.0       (278.6)    (366.6)
ASPEN TECHNOLOGY  AST GR           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)
ASPEN TECHNOLOGY  AZPNUSD EU       246.0       (278.6)    (366.6)
ATLATSA RESOURCE  ATL SJ           206.1       (205.9)       6.0
AUTODESK INC      AUD GR         3,911.4       (128.6)    (154.6)
AUTODESK INC      AUD TH         3,911.4       (128.6)    (154.6)
AUTODESK INC      ADSK US        3,911.4       (128.6)    (154.6)
AUTODESK INC      AUD QT         3,911.4       (128.6)    (154.6)
AUTODESK INC      ADSK* MM       3,911.4       (128.6)    (154.6)
AUTODESK INC      AUD GZ         3,911.4       (128.6)    (154.6)
AUTODESK INC      ADSK AV        3,911.4       (128.6)    (154.6)
AUTODESK INC      ADSKEUR EU     3,911.4       (128.6)    (154.6)
AUTODESK INC      ADSK LN        3,911.4       (128.6)    (154.6)
AUTODESK INC      ADSK TE        3,911.4       (128.6)    (154.6)
AUTOZONE INC      AZO US         9,301.8     (1,361.6)    (247.1)
AUTOZONE INC      AZ5 TH         9,301.8     (1,361.6)    (247.1)
AUTOZONE INC      AZ5 GR         9,301.8     (1,361.6)    (247.1)
AUTOZONE INC      AZOEUR EU      9,301.8     (1,361.6)    (247.1)
AUTOZONE INC      AZ5 QT         9,301.8     (1,361.6)    (247.1)
AUTOZONE INC      AZOUSD EU      9,301.8     (1,361.6)    (247.1)
AUTOZONE INC      0HJL LN        9,301.8     (1,361.6)    (247.1)
AVID TECHNOLOGY   AVID US          250.8       (171.6)     (19.9)
AVID TECHNOLOGY   AVD GR           250.8       (171.6)     (19.9)
AXIM BIOTECHNOLO  AXIM US            0.8         (7.8)      (7.2)
BENEFITFOCUS INC  BNFT US          187.8        (18.0)       8.2
BENEFITFOCUS INC  BTF GR           187.8        (18.0)       8.2
BENEFITFOCUS INC  BNFTEUR EU       187.8        (18.0)       8.2
BLUE BIRD CORP    BLBD US          277.2        (70.0)       2.6
BLUE RIDGE MOUNT  BRMR US        1,060.2       (212.5)     (62.4)
BLUEKNIGHT ENERG  BKEP US          361.6         (3.1)      (0.4)
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  BBDBN MM      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           100.8        (34.8)       3.4
BRP INC/CA-SUB V  DOO CN         2,558.4        (57.4)      94.6
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
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
CACTUS INC- A     43C GZ           358.3        227.3      109.0
CADIZ INC         CDZI US           62.9        (82.9)       5.6
CADIZ INC         2ZC GR            62.9        (82.9)       5.6
CADIZ INC         0HS4 LN           62.9        (82.9)       5.6
CAMBIUM LEARNING  ABCD US          146.9        (11.6)     (70.4)
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
CARDLYTICS INC    CYX GZ           157.8         40.6       55.3
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    CDK US         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    CDKUSD EU      2,697.9       (217.0)     465.1
CDK GLOBAL INC    C2G QT         2,697.9       (217.0)     465.1
CDK GLOBAL INC    0HQR LN        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 US        12,086.0        (97.0)  (1,130.0)
CHESAPEAKE ENERG  CS1 GR        12,086.0        (97.0)  (1,130.0)
CHESAPEAKE ENERG  CS1 TH        12,086.0        (97.0)  (1,130.0)
CHESAPEAKE ENERG  CHK* MM       12,086.0        (97.0)  (1,130.0)
CHESAPEAKE ENERG  CS1 QT        12,086.0        (97.0)  (1,130.0)
CHESAPEAKE ENERG  CHKEUR EU     12,086.0        (97.0)  (1,130.0)
CHESAPEAKE ENERG  CS1 GZ        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)
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   C7C GR         4,615.5     (1,993.6)     269.8
CLEAR CHANNEL-A   CCO US         4,615.5     (1,993.6)     269.8
CLEVELAND-CLIFFS  CVA GR         2,862.9       (484.8)     987.5
CLEVELAND-CLIFFS  CVA TH         2,862.9       (484.8)     987.5
CLEVELAND-CLIFFS  CLF US         2,862.9       (484.8)     987.5
CLEVELAND-CLIFFS  CLF* MM        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
CLEVELAND-CLIFFS  CVA GZ         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
COGENT COMMUNICA  CCOI US          716.5        (97.1)     233.1
COGENT COMMUNICA  OGM1 GR          716.5        (97.1)     233.1
COGENT COMMUNICA  CCOIUSD EU       716.5        (97.1)     233.1
COHERUS BIOSCIEN  CHRS US          128.5         (3.1)      84.6
COHERUS BIOSCIEN  8C5 GR           128.5         (3.1)      84.6
COHERUS BIOSCIEN  8C5 TH           128.5         (3.1)      84.6
COHERUS BIOSCIEN  CHRSEUR EU       128.5         (3.1)      84.6
COHERUS BIOSCIEN  8C5 QT           128.5         (3.1)      84.6
COHERUS BIOSCIEN  CHRSUSD EU       128.5         (3.1)      84.6
COMMUNITY HEALTH  CYH US        17,311.0       (178.0)   1,730.0
COMMUNITY HEALTH  CG5 GR        17,311.0       (178.0)   1,730.0
COMMUNITY HEALTH  CG5 TH        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  CYH1USD EU    17,311.0       (178.0)   1,730.0
COMSTOCK RES INC  CRK US           910.5       (409.9)      41.0
CONSUMER CAPITAL  CCGN US            1.7         (4.6)      (1.6)
CONVERGEONE HOLD  CVON US          986.0       (109.6)       3.1
DELEK LOGISTICS   DKL US           665.9       (130.6)      22.9
DELEK LOGISTICS   D6L GR           665.9       (130.6)      22.9
DENNY'S CORP      DE8 GR           333.6       (121.4)     (44.7)
DENNY'S CORP      DENN US          333.6       (121.4)     (44.7)
DENNY'S CORP      DENNEUR EU       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     DOL CN         1,934.3       (252.4)    (151.0)
DOLLARAMA INC     DLMAF US       1,934.3       (252.4)    (151.0)
DOLLARAMA INC     DR3 GR         1,934.3       (252.4)    (151.0)
DOLLARAMA INC     DR3 GZ         1,934.3       (252.4)    (151.0)
DOLLARAMA INC     DOLEUR EU      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    EZV TH           798.3     (2,770.9)     151.7
DOMINO'S PIZZA    EZV GR           798.3     (2,770.9)     151.7
DOMINO'S PIZZA    DPZ US           798.3     (2,770.9)     151.7
DOMINO'S PIZZA    EZV QT           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
DUN & BRADSTREET  DB5 GR         1,943.3       (831.8)    (435.3)
DUN & BRADSTREET  DNB US         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)
DUN & BRADSTREET  DNB1USD EU     1,943.3       (831.8)    (435.3)
DUNKIN' BRANDS G  2DB GR         3,244.1       (860.3)     206.6
DUNKIN' BRANDS G  DNKN US        3,244.1       (860.3)     206.6
DUNKIN' BRANDS G  2DB TH         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
DUNKIN' BRANDS G  DNKNUSD EU     3,244.1       (860.3)     206.6
EGAIN CORP        EGAN US           37.6         (9.2)     (10.9)
EGAIN CORP        EGCA GR           37.6         (9.2)     (10.9)
EGAIN CORP        EGANEUR EU        37.6         (9.2)     (10.9)
EGAIN CORP        0IFM LN           37.6         (9.2)     (10.9)
ENPHASE ENERGY    E0P TH           212.1        (31.2)      44.2
ENPHASE ENERGY    E0P GR           212.1        (31.2)      44.2
ENPHASE ENERGY    ENPH US          212.1        (31.2)      44.2
ENPHASE ENERGY    ENPHEUR EU       212.1        (31.2)      44.2
ENPHASE ENERGY    E0P QT           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
ERIN ENERGY CORP  ERN SJ           251.1       (362.8)    (347.0)
EVERI HOLDINGS I  EVRI US        1,474.7       (124.8)      (1.9)
EVERI HOLDINGS I  G2C TH         1,474.7       (124.8)      (1.9)
EVERI HOLDINGS I  G2C GR         1,474.7       (124.8)      (1.9)
EVERI HOLDINGS I  EVRIEUR EU     1,474.7       (124.8)      (1.9)
EVERI HOLDINGS I  EVRIUSD EU     1,474.7       (124.8)      (1.9)
EXELA TECHNOLOGI  XELAU US       1,665.9        (35.1)     (29.5)
EXELA TECHNOLOGI  XELA US        1,665.9        (35.1)     (29.5)
FERRELLGAS-LP     FEG GR         1,687.1       (809.8)    (175.9)
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
GAMCO INVESTO-A   GBL US           117.0        (72.6)       -
GNC HOLDINGS INC  GNC US         1,527.8       (179.2)     251.8
GNC HOLDINGS INC  IGN TH         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          G0G GR         1,300.1       (191.3)     356.0
GOGO INC          G0G QT         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
GREEN PLAINS PAR  GPP US            96.9        (64.7)       4.7
GREEN PLAINS PAR  8GP GR            96.9        (64.7)       4.7
GREENSKY INC-A    GSKY US            0.5         (0.0)      (0.0)
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     HRB TH         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
H&R BLOCK INC     0HOB LN        2,561.3       (698.1)     617.6
HCA HEALTHCARE I  2BH GR        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 TH        37,299.0     (4,434.0)   2,913.0
HCA HEALTHCARE I  2BH QT        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  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
HELIUS MEDICAL T  HSM CN             5.7         (2.2)      (2.4)
HELIUS MEDICAL T  HSDT US            5.7         (2.2)      (2.4)
HELIUS MEDICAL T  26H GR             5.7         (2.2)      (2.4)
HERBALIFE NUTRIT  HOO GR         2,968.7       (219.0)   1,040.2
HERBALIFE NUTRIT  HLF US         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
HERBALIFE NUTRIT  HOO GZ         2,968.7       (219.0)   1,040.2
HERBALIFE NUTRIT  HLFUSD EU      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 CI        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 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            HPQ TE        35,245.0     (2,742.0)  (2,132.0)
HP INC            HPQ SW        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            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            0J2E LN       35,245.0     (2,742.0)  (2,132.0)
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 TH         1,469.5        (49.0)     (27.1)
IDEXX LABS        IX1 QT         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 TE        1,469.5        (49.0)     (27.1)
IMMUNOGEN INC     IMU GR           265.0        (36.3)     181.2
IMMUNOGEN INC     IMGN US          265.0        (36.3)     181.2
IMMUNOGEN INC     IMU TH           265.0        (36.3)     181.2
IMMUNOGEN INC     IMU QT           265.0        (36.3)     181.2
IMMUNOGEN INC     IMU GZ           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
INFRASTRUCTURE A  IEA US           118.2       (119.8)     (18.8)
INNOVIVA INC      INVA US          276.7       (212.7)     109.2
INNOVIVA INC      HVE GR           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  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
INTERCEPT PHARMA  I4P QT           393.8        (52.3)     284.4
IRONWOOD PHARMAC  I76 GR           571.1        (18.1)     213.4
IRONWOOD PHARMAC  IRWD US          571.1        (18.1)     213.4
IRONWOOD PHARMAC  I76 TH           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
IRONWOOD PHARMAC  IRWDUSD EU       571.1        (18.1)     213.4
ISRAMCO INC       IRM GR           110.7        (19.2)      (7.0)
ISRAMCO INC       ISRL US          110.7        (19.2)      (7.0)
ISRAMCO INC       ISRLEUR EU       110.7        (19.2)      (7.0)
IWEB INC          IWBB US            1.0         (0.6)      (0.6)
JACK IN THE BOX   JBX GR           875.0       (430.9)     (22.4)
JACK IN THE BOX   JACK US          875.0       (430.9)     (22.4)
JACK IN THE BOX   JACK1EUR EU      875.0       (430.9)     (22.4)
JACK IN THE BOX   JBX GZ           875.0       (430.9)     (22.4)
JACK IN THE BOX   JBX QT           875.0       (430.9)     (22.4)
JUST ENERGY GROU  JE US          1,387.5        (75.7)     (71.4)
JUST ENERGY GROU  1JE GR         1,387.5        (75.7)     (71.4)
JUST ENERGY GROU  JE CN          1,387.5        (75.7)     (71.4)
KERYX BIOPHARM    KYX GR           140.1        (31.6)      74.6
KERYX BIOPHARM    KERX US          140.1        (31.6)      74.6
KERYX BIOPHARM    KYX TH           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    KERXUSD EU       140.1        (31.6)      74.6
L BRANDS INC      LTD GR         7,748.6       (968.6)   1,032.2
L BRANDS INC      LTD TH         7,748.6       (968.6)   1,032.2
L BRANDS INC      LB US          7,748.6       (968.6)   1,032.2
L BRANDS INC      LBEUR EU       7,748.6       (968.6)   1,032.2
L BRANDS INC      LB* MM         7,748.6       (968.6)   1,032.2
L BRANDS INC      LTD QT         7,748.6       (968.6)   1,032.2
L BRANDS INC      LBUSD EU       7,748.6       (968.6)   1,032.2
L BRANDS INC      0JSC LN        7,748.6       (968.6)   1,032.2
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
LAMB WESTON       0L5 QT         2,753.9       (337.6)     418.9
LAMB WESTON       LW-WUSD EU     2,753.9       (337.6)     418.9
LEGACY RESERVES   LRT GR         1,495.6       (201.1)     (30.0)
LEGACY RESERVES   LGCY US        1,495.6       (201.1)     (30.0)
LEGACY RESERVES   LRT QT         1,495.6       (201.1)     (30.0)
LEGACY RESERVES   LRT GZ         1,495.6       (201.1)     (30.0)
LENNOX INTL INC   LXI GR         2,086.1       (102.6)     634.0
LENNOX INTL INC   LII US         2,086.1       (102.6)     634.0
LENNOX INTL INC   LII1EUR EU     2,086.1       (102.6)     634.0
LENNOX INTL INC   LXI TH         2,086.1       (102.6)     634.0
LOCKHEED MARTIN   LMT US        46,634.0       (111.0)   3,842.0
LOCKHEED MARTIN   LOM GR        46,634.0       (111.0)   3,842.0
LOCKHEED MARTIN   LOM TH        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 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   LOM GZ        46,634.0       (111.0)   3,842.0
LOCKHEED MARTIN   0R3E LN       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-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 CI        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 TE        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 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 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    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    MCD AV        33,722.9     (4,718.8)   2,087.9
MDC PARTNERS-A    MDCA US        1,701.1       (135.3)    (195.9)
MDC PARTNERS-A    MD7A GR        1,701.1       (135.3)    (195.9)
MDC PARTNERS-A    MDCAEUR EU     1,701.1       (135.3)    (195.9)
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  MGI US         4,509.2       (232.7)     (58.3)
MONEYGRAM INTERN  9M1N GR        4,509.2       (232.7)     (58.3)
MONEYGRAM INTERN  9M1N QT        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)
MOTOROLA SOLUTIO  MTLA GR        9,051.0     (1,539.0)     525.0
MOTOROLA SOLUTIO  MTLA TH        9,051.0     (1,539.0)     525.0
MOTOROLA SOLUTIO  MSI US         9,051.0     (1,539.0)     525.0
MOTOROLA SOLUTIO  MOT TE         9,051.0     (1,539.0)     525.0
MOTOROLA SOLUTIO  MTLA QT        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  MSI1USD EU     9,051.0     (1,539.0)     525.0
MOTOROLA SOLUTIO  0K3H LN        9,051.0     (1,539.0)     525.0
MSG NETWORKS- A   MSGN US          855.6       (693.3)     212.2
MSG NETWORKS- A   1M4 GR           855.6       (693.3)     212.2
MSG NETWORKS- A   1M4 TH           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   MSGNUSD EU       855.6       (693.3)     212.2
NATERA INC        NTRA US          218.7         (3.9)      83.1
NATERA INC        45E GR           218.7         (3.9)      83.1
NATHANS FAMOUS    NATH US           92.9        (85.0)      51.8
NATHANS FAMOUS    NFA GR            92.9        (85.0)      51.8
NATIONAL CINEMED  XWM GR         1,157.7        (84.4)       -
NATIONAL CINEMED  NCMI US        1,157.7        (84.4)       -
NATIONAL CINEMED  NCMIEUR EU     1,157.7        (84.4)       -
NAVISTAR INTL     IHR GR         5,969.0     (4,583.0)     705.0
NAVISTAR INTL     NAV US         5,969.0     (4,583.0)     705.0
NAVISTAR INTL     IHR TH         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
NAVISTAR INTL     NAVEUR EU      5,969.0     (4,583.0)     705.0
NAVISTAR INTL     NAVUSD EU      5,969.0     (4,583.0)     705.0
NEOS THERAPEUTIC  NEOS US           97.4         (4.5)      32.9
NEOS THERAPEUTIC  NTE GR            97.4         (4.5)      32.9
NEW ENG RLTY-LP   NEN US           256.1        (34.6)       -
NYMOX PHARMACEUT  NYMX US            1.0         (1.0)      (1.1)
NYMOX PHARMACEUT  NYM GR             1.0         (1.0)      (1.1)
NYMOX PHARMACEUT  NYM GZ             1.0         (1.0)      (1.1)
NYMOX PHARMACEUT  NYMXEUR EU         1.0         (1.0)      (1.1)
OMEROS CORP       3O8 GR            89.0        (29.2)      54.1
OMEROS CORP       OMER US           89.0        (29.2)      54.1
OMEROS CORP       3O8 TH            89.0        (29.2)      54.1
OMEROS CORP       OMEREUR EU        89.0        (29.2)      54.1
OMEROS CORP       OMERUSD EU        89.0        (29.2)      54.1
OMEROS CORP       0KBU LN           89.0        (29.2)      54.1
OPTIVA INC        RE6 GR           188.7        (12.7)      28.2
OPTIVA INC        RKNEF US         188.7        (12.7)      28.2
OPTIVA INC        OPT CN           188.7        (12.7)      28.2
OPTIVA INC        3230510Q EU      188.7        (12.7)      28.2
OPTIVA INC        RKNEUR EU        188.7        (12.7)      28.2
PAPA JOHN'S INTL  PZZA US          579.8       (242.2)      22.8
PAPA JOHN'S INTL  PP1 GR           579.8       (242.2)      22.8
PAPA JOHN'S INTL  PZZAEUR EU       579.8       (242.2)      22.8
PENN NATL GAMING  PN1 GR         5,165.5        (33.6)    (140.6)
PENN NATL GAMING  PENN US        5,165.5        (33.6)    (140.6)
PHILIP MORRIS IN  PM1EUR EU     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  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  PM1CHF 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  PM1 EU        43,070.0    (10,482.0)   2,905.0
PHILIP MORRIS IN  PMI1 IX       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  4I1 QT        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  PM LN         43,070.0    (10,482.0)   2,905.0
PHILIP MORRIS IN  PMOR AV       43,070.0    (10,482.0)   2,905.0
PINNACLE ENTERTA  PNK US         3,884.8       (301.5)     (30.0)
PINNACLE ENTERTA  65P GR         3,884.8       (301.5)     (30.0)
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
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  PLNT1USD EU    1,115.9       (122.4)      77.1
PLANET FITNESS-A  0KJD LN        1,115.9       (122.4)      77.1
PLURALSIGHT IN-A  PS US            234.0        (58.1)     (71.1)
PROS HOLDINGS IN  PH2 GR           280.5        (55.1)      86.0
PROS HOLDINGS IN  PRO US           280.5        (55.1)      86.0
PROS HOLDINGS IN  PRO1EUR EU       280.5        (55.1)      86.0
REATA PHARMACE-A  RETA US          136.8       (142.7)      83.4
REATA PHARMACE-A  2R3 GR           136.8       (142.7)      83.4
REATA PHARMACE-A  RETAEUR EU       136.8       (142.7)      83.4
REMARK HOLD INC   MARK US          102.8        (21.2)     (29.4)
RESOLUTE ENERGY   R21 GR           686.3        (81.6)    (129.6)
RESOLUTE ENERGY   REN US           686.3        (81.6)    (129.6)
RESOLUTE ENERGY   RENEUR EU        686.3        (81.6)    (129.6)
REVLON INC-A      REV US         3,042.1       (855.7)     105.3
REVLON INC-A      RVL1 GR        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      REVUSD EU      3,042.1       (855.7)     105.3
RH                RH US          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
RH                RHEUR EU       1,732.9         (7.3)     125.6
RH                0KTF LN        1,732.9         (7.3)     125.6
RIMINI STREET IN  RMNI US          145.2       (205.8)    (117.3)
ROSETTA STONE IN  RST US           178.8         (1.6)     (63.2)
ROSETTA STONE IN  RS8 GR           178.8         (1.6)     (63.2)
ROSETTA STONE IN  RS8 TH           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 GR        3,680.6       (188.3)     607.2
RR DONNELLEY & S  RRD US         3,680.6       (188.3)     607.2
RR DONNELLEY & S  DLLN TH        3,680.6       (188.3)     607.2
RR DONNELLEY & S  RRDEUR EU      3,680.6       (188.3)     607.2
RR DONNELLEY & S  RRDUSD EU      3,680.6       (188.3)     607.2
SALLY BEAUTY HOL  SBH US         2,100.2       (315.0)     608.3
SALLY BEAUTY HOL  S7V GR         2,100.2       (315.0)     608.3
SALLY BEAUTY HOL  SBHEUR EU      2,100.2       (315.0)     608.3
SANCHEZ ENERGY C  SN US          2,903.8        (33.4)     212.2
SANCHEZ ENERGY C  SN* MM         2,903.8        (33.4)     212.2
SANCHEZ ENERGY C  13S GR         2,903.8        (33.4)     212.2
SANCHEZ ENERGY C  13S TH         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  SNUSD EU       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     SBJ TH         7,405.1     (2,588.2)      51.9
SBA COMM CORP     SBACEUR EU     7,405.1     (2,588.2)      51.9
SBA COMM CORP     4SB GZ         7,405.1     (2,588.2)      51.9
SBA COMM CORP     SBACUSD EU     7,405.1     (2,588.2)      51.9
SBA COMM CORP     0KYZ LN        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
SEALED AIR CORP   SEE US         5,041.1       (364.8)     242.4
SEALED AIR CORP   SDA GR         5,041.1       (364.8)     242.4
SEALED AIR CORP   SDA QT         5,041.1       (364.8)     242.4
SEALED AIR CORP   SDA TH         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
SEARS HOLDINGS    SEE GR         7,262.0     (3,723.0)  (1,103.0)
SEARS HOLDINGS    SHLD US        7,262.0     (3,723.0)  (1,103.0)
SEARS HOLDINGS    SHLDUSD EU     7,262.0     (3,723.0)  (1,103.0)
SEARS HOLDINGS    SHLD TE        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  SIRI US        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  RDO GR         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  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  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  SIRI TE        8,299.3     (1,564.5)  (2,267.2)
SIX FLAGS ENTERT  SIX US         2,444.0       (203.7)    (316.4)
SIX FLAGS ENTERT  6FE GR         2,444.0       (203.7)    (316.4)
SIX FLAGS ENTERT  SIXEUR EU      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   TLND US          172.8         (1.1)       1.0
TALEND SA - ADR   0T7 GR           172.8         (1.1)       1.0
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
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  T3D GR           251.8        (73.5)       5.9
TOWN SPORTS INTE  CLUB US          251.8        (73.5)       5.9
TOWN SPORTS INTE  CLUBEUR EU       251.8        (73.5)       5.9
TRANSDIGM GROUP   T7D GR        10,394.7     (2,309.3)   1,657.3
TRANSDIGM GROUP   TDG US        10,394.7     (2,309.3)   1,657.3
TRANSDIGM GROUP   T7D QT        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 TH        10,394.7     (2,309.3)   1,657.3
TRANSDIGM GROUP   0REK LN       10,394.7     (2,309.3)   1,657.3
TUPPERWARE BRAND  TUP US         1,444.8       (108.4)     (28.0)
TUPPERWARE BRAND  TUP GR         1,444.8       (108.4)     (28.0)
TUPPERWARE BRAND  TUP QT         1,444.8       (108.4)     (28.0)
TUPPERWARE BRAND  TUP GZ         1,444.8       (108.4)     (28.0)
TUPPERWARE BRAND  TUP TH         1,444.8       (108.4)     (28.0)
TUPPERWARE BRAND  TUP1EUR EU     1,444.8       (108.4)     (28.0)
TUPPERWARE BRAND  TUP1USD EU     1,444.8       (108.4)     (28.0)
TURTLE BEACH COR  0P1A GR           52.3        (20.4)      24.4
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 TH           52.3        (20.4)      24.4
UNISYS CORP       UIS EU         2,513.7     (1,270.8)     438.5
UNISYS CORP       UISCHF EU      2,513.7     (1,270.8)     438.5
UNISYS CORP       UISEUR EU      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       USY1 TH        2,513.7     (1,270.8)     438.5
UNISYS CORP       USY1 GR        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   UNIT US        4,363.5     (1,187.3)       -
UNITI GROUP INC   8XC GR         4,363.5     (1,187.3)       -
UNITI GROUP INC   CSALUSD EU     4,363.5     (1,187.3)       -
UNITI GROUP INC   0LJB LN        4,363.5     (1,187.3)       -
VALVOLINE INC     VVV US         1,869.0       (226.0)     380.0
VALVOLINE INC     0V4 GR         1,869.0       (226.0)     380.0
VALVOLINE INC     VVVEUR EU      1,869.0       (226.0)     380.0
VALVOLINE INC     0V4 QT         1,869.0       (226.0)     380.0
VECTOR GROUP LTD  VGR GR         1,299.1       (394.2)     167.3
VECTOR GROUP LTD  VGR US         1,299.1       (394.2)     167.3
VECTOR GROUP LTD  VGR QT         1,299.1       (394.2)     167.3
VECTOR GROUP LTD  VGREUR EU      1,299.1       (394.2)     167.3
VERISIGN INC      VRS TH         2,905.3     (1,234.7)     859.6
VERISIGN INC      VRS GR         2,905.3     (1,234.7)     859.6
VERISIGN INC      VRSN US        2,905.3     (1,234.7)     859.6
VERISIGN INC      VRS QT         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      VRSN* MM       2,905.3     (1,234.7)     859.6
W&T OFFSHORE INC  WTI US           942.2       (544.6)     107.2
W&T OFFSHORE INC  UWV GR           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    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)
WAYFAIR INC- A    1WF QT         1,226.4       (127.2)      (2.8)
WAYFAIR INC- A    WUSD EU        1,226.4       (127.2)      (2.8)
WEIGHT WATCHERS   WTW US         1,307.1       (995.9)     (99.4)
WEIGHT WATCHERS   WW6 GR         1,307.1       (995.9)     (99.4)
WEIGHT WATCHERS   WW6 TH         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 GZ         1,307.1       (995.9)     (99.4)
WEIGHT WATCHERS   WTWUSD EU      1,307.1       (995.9)     (99.4)
WESTERN UNION     WU US          9,188.0       (375.8)  (1,032.2)
WESTERN UNION     W3U GR         9,188.0       (375.8)  (1,032.2)
WESTERN UNION     WU* MM         9,188.0       (375.8)  (1,032.2)
WESTERN UNION     W3U TH         9,188.0       (375.8)  (1,032.2)
WESTERN UNION     W3U QT         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     0LVJ LN        9,188.0       (375.8)  (1,032.2)
WIDEOPENWEST INC  WOW US         2,165.0       (439.1)     (70.1)
WIDEOPENWEST INC  WU5 GR         2,165.0       (439.1)     (70.1)
WIDEOPENWEST INC  WU5 QT         2,165.0       (439.1)     (70.1)
WIDEOPENWEST INC  WOW1EUR EU     2,165.0       (439.1)     (70.1)
WINGSTOP INC      WING US          120.7       (146.5)      (5.4)
WINGSTOP INC      EWG GR           120.7       (146.5)      (5.4)
WINGSTOP INC      WING1EUR EU      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       WK US            178.6         (9.2)     (13.3)
WORKIVA INC       0WKA GR          178.6         (9.2)     (13.3)
WORKIVA INC       WKEUR EU         178.6         (9.2)     (13.3)
YELLOW PAGES LTD  Y CN             581.0       (205.7)      72.7
YELLOW PAGES LTD  YLWDF US         581.0       (205.7)      72.7
YELLOW PAGES LTD  YMI GR           581.0       (205.7)      72.7
YELLOW PAGES LTD  YEUR EU          581.0       (205.7)      72.7
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  YEL1 TH        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  YRCWUSD EU     1,608.7       (365.9)     160.4
YUM! BRANDS INC   YUM US         4,836.0     (6,754.0)     780.0
YUM! BRANDS INC   TGR GR         4,836.0     (6,754.0)     780.0
YUM! BRANDS INC   TGR TH         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
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   0QYD LN        4,836.0     (6,754.0)     780.0
ZYMEWORKS INC     ZYME CN          132.0       (108.7)      77.7
ZYMEWORKS INC     ZYME US          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.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., 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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***