/raid1/www/Hosts/bankrupt/TCR_Public/180825.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, August 25, 2018, Vol. 22, No. 236

                            Headlines

BERTUCCI'S HOLDINGS: Posts $3.4 Million Net Loss in May
GIBSON BRANDS: Reports Operating Income of $2.9 Million

                            *********

BERTUCCI'S HOLDINGS: Posts $3.4 Million Net Loss in May
-------------------------------------------------------
BankruptcyData.com reported that Bertucci's Holdings filed with the
U.S. Bankruptcy Court a monthly operating report for the period of
April 16, 2018 through May 31, 2018. For the period, the Debtors
reported a $3.4 million net loss on $16.1 million in net sales. The
Debtors further reported EBITDA of $351,100.

                  About Bertucci's Holdings

Founded in 1981, Bertucci's Holdings, Inc.
--http://www.bertuccis.com/-- owns and operates 59 full-service  
casual family restaurants offering traditional Italian and
contemporary food centered around its signature open kitchens and
brick ovens.  As of the Petition Date, the company and its
affiliates had 969 full-time employees and 3,245 part-time
employees.  Bertucci's is headquartered in Boston, Massachusetts
and operates in 11 east coast states from New Hampshire to
Virginia.

Bertucci's Holdings, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Del., Lead Case No. 18-10894) on
April 15, 2018.  In the petitions signed by Brian Connell, chief
financial officer and senior vice-president, the Debtors estimated
assets of less than $50,000 and liabilities of $50 million to $100
million.

Judge Mary F. Walrath presides over the cases.

The Debtors tapped Landis Rath & Cobb LLP as their bankruptcy
counsel; Schulte Roth & Zabel LLP as special corporate counsel;
Imperial Capital, LLC as investment banker; Hilco Real Estate, LLC,
as real estate advisor; and Prime Clerk LLC as claims and noticing
agent and administrative advisor.

On April 27, 2018, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors.  The committee has
retained Bayard, P.A. and Kelley Drye & Warren LLP, as counsel.

Bertucci's Holding LLC, a unit of Earl Enterprises, which acquired
the Debtors' assets, is represented in the sale deal by:

     Daniel Ganitsky, Esq.
     Vincent Indelicato, Esq.
     PROSKAUER ROSE LLP
     11 Times Square
     New York, NY 10036
     E-mail: dganitsky@proskauer.com
             vindelicato@proskauer.com


GIBSON BRANDS: Reports Operating Income of $2.9 Million
-------------------------------------------------------
BankruptcyData.com reported that Gibson Brands filed with the U.S.
Bankruptcy Court a monthly operating report for June 2018. For the
month, the consolidated Debtors reported operating income of $2.9
million and a net loss of $6.3 million on $22.9 million in net
sales, the net loss reflecting primarily (i) $6.1 million in
restructuring costs and (ii) $2.6 million in interest expense. The
restructuring costs included $2.7 million in professional fees,
notably $1.25 million to Paul Weiss and and $0.95 million to White
& Case. The Debtors further reported $25.1 million in cash
disbursements and $18.1 million in cash receipts, the negative net
cash flow of $7.1 million largely the result of the restructuring
and interest related expenses noted above.

                       About Gibson Brands

Founded in 1894 and headquartered in Nashville, Tennessee, Gibson
Brands, Inc. -- http://www.gibson.com/-- and its subsidiaries
design and manufacture guitars and other fretted instruments.
Gibson's brands include the Les Paul, SG, Flying V, Explorer, J-45,
Hummingbird, and ES-335, among others.

Gibson Brands, Inc. and 11 affiliates commenced Chapter 11 cases
(Bankr. D. Del. Lead Case No. 18-11025) on May 1, 2018.  In the
petition signed by CEO Henry E. Juszkiewicz, Gibson Brands
estimated $100 million to $500 million in assets and liabilities.

The Hon. Christopher S. Sontchi presides over the cases.

The Debtors tapped Goodwin Procter LLP as their lead counsel;
Pepper Hamilton LLP as Delaware and conflicts counsel; Alvarez &
Marsal North America, LLC as restructuring advisor; Brian J. Fox,
managing director of Alvarez & Marsal North America LLC, as chief
restructuring officer; Jefferies LLC as investment banker; and
Prime Clerk LLC as claims and noticing agent.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is providing legal
counsel, and PJT Partners is the financial advisor, to the ad hoc
group of unaffiliated noteholders that is supporting the Debtors'
restructuring.

The Office of the U.S. Trustee for Region 3 appointed an official
committee of unsecured creditors on May 9, 2018.  The Committee
tapped Lowenstein Sandler LLP as its legal counsel; and FTI
Consulting serves as financial advisor.


                            *********

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 ***