/raid1/www/Hosts/bankrupt/TCR_Public/190201.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, February 1, 2019, Vol. 23, No. 31

                            Headlines

9 GREEN NOTE: Seeks to Hire Rattet PLLC as Legal Counsel
ACADEMY LTD: Moody's Lowers CFR to Caa1, Outlook Negative
ALAMO VENTURES: Unsecureds to Get Payment Until 2024
ALPHA CARE: Feb. 14 Plan Confirmation Hearing
ALPHA REAL: Case Summary & 5 Unsecured Creditors

AMERICAN TELECONFERENCING: Moody's Cuts CFR to Caa2, Outlook Neg.
AMERICANN INC: Achieves Construction Milestone on MMCC Project
ARMAOS PROPERTY: Case Summary & 20 Largest Unsecured Creditors
ARMSTRONG WORLD: Moody's Raises CFR to Ba3, Outlook Stable
BALLANTYNE BRANDS: Seeks to Hire Pearce Law as Legal Counsel

BASRAH CUSTOM: Taps Metro Detroit as Legal Counsel
BEAVER LOCAL SCHOOL: Moody's Affirms Ba2 on $19.5MM GOULT Debt
BOCA HEALTH: Seeks to Hire Van Horn Law Group as Counsel
BSC HOLDINGS: Trustee Seeks to Hire EML as Legal Counsel
BSC HOLDINGS: Trustee Seeks to Hire Larry Williams as Accountant

C & B REHAB: Seeks to Hire Benjamin Martin as Legal Counsel
C.D. HALL: Canada Secured Claims to Get 8% Per Annum
CCS ONCOLOGY: May Use Cash Collateral for Telephone Service
CHAMINADE UNIVERSITY: Moody's Cuts $22MM Bonds to Ba3, Outlook Neg
CHECKOUT HOLDING: Creditors Overwhelmingly Vote for Plan

CHESTNUT INVESTMENTS: Case Summary & 16 Unsecured Creditors
CIP INVESTMENT: Has Authority to Use Cash Collateral Until Feb. 28
COASTAL STAFFING: Unsecureds Creditors to Get Full Payment
COLFAX CORP: S&P Rates New Sr. Unsec. Notes 'BB+', On Watch Neg.
COMMSCOPE HOLDING: Moody's Lowers CFR to Ba3, Outlook Stable

COMMSCOPE INC: S&P Assigns 'BB' Rating on New $3.8BB Term Loan
CONSOLIDATED INFRASTRUCTURE: Case Summary & Unsecured Creditors
CONTINENTAL WHOLESALE: U.S. Trustee Unable to Appoint Committee
CUSTOM AIR DESIGN: Taps Sawyer & Latimer as Accountant
CYN RESTAURANTS: March 27 Plan Confirmation Hearing

DELUXE ENTERTAINMENT: Moody's Cuts CFR to B3, Outlook Negative
DESERT LAND: Adds 3 Classes of Claims to 2nd Amended Plan
DETROIT DDA: S&P Raises Ratings on 1996C/1998B Bonds to 'BB+'
DOCTORS HOSPITAL: March 6 Plan Confirmation Hearing
DOUBLE JUMP: Voluntary Chapter 11 Case Summary

EASTMAN KODAK: Franklin Mutual No Longer Owns Common Shares
ELECTRONIC SERVICE: Case Summary & 14 Unsecured Creditors
ELEVATED ANALYTICS: Case Summary & 5 Unsecured Creditors
ENTEGRIS INC: Moody's Affirms Ba1 CFR, Outlook Stable
FANNIE MAE: Makes Changes to Company Bylaws

FLO-TECH INC: Seeks Authorization to Use Cash Collateral
FLORIDA PAVEMENT: Taps Jeff Foster as Accountant
GOV'T. OF GUAM: S&P Cuts 2011A HOT Revenue Bonds Rating to BB
GREIF INC: Moody's Confirms Ba2 CFR, Outlook Stable
HMSW CPA: Feb. 27 Plan and Disclosure Statement Hearing

INFORMATION TECHNOLOGY: U.S. Trustee Unable to Appoint Committee
KUM GANG: Cash Collateral Use Authorized on Final Basis
LINTON VETERINARY: Seeks Authority on Interim Cash Collateral Use
MARRIOTT INTERNATIONAL: Haley Alleges Negligence Over Data Breach
MAYFLOWER COMMUNITIES: Case Summary & 20 Top Unsecured Creditors

METRO FINISHES: U.S. Trustee Unable to Appoint Committee
MGT MANUFACTURING: U.S. Trustee Unable to Appoint Committee
MISSION COAL: DIP Lenders Oppose Plan Approval
NEOVASC INC: NUB Status 1 Designation for Neovasc Reducer Renewed
NEXT COMMUNICATIONS: Taps Moecker VP as Valuation Expert

NICHOLAS L HUGENTOBLER: May Use Cash Collateral on Interim Basis
NY STRAWBERRY: Narcizo Seeks to Recover Unpaid Wages Under FLSA
OCWEN FINANCIAL: S&P Affirms 'B-' Long-Term ICR, Outlook Negative
OMEROS CORP: Ingalls & Snyder Has 11.4% Stake as of Dec. 31
PARHELION LLC: Seeks to Hire Carole Feldman as Accountant

PARHELION LLC: Seeks to Hire Stewart Law Firm as Counsel
PENOBSCOT VALLEY HOSPITAL: Case Summary & 23 Unsecured Creditors
PG&E CORP: Consumer Watchdog Calls for Ouster of California PUC
PHILMAR CARE: Trustee Seeks to Hire SulmeyerKupetz as Counsel
PHOENIX GUARANTOR: Moody's Assigns B2 CFR, Outlook Stable

QUANTUM CORP: Common Stock Delisted from NYSE
QUARRY SERVICES: Seeks to Hire Wiggam & Geer as Legal Counsel
RAGGED MOUNTAIN: Seeks Approval of 5th Interim Cash Collateral Use
SAM KANE: Court Approves Asset Sale Bid Procedures
SHILOH MISSIONARY: U.S. Trustee Unable to Appoint Committee

SHOPKO STORES: Wants to Obtain $480-Mil Loan, Use Cash Collateral
SPECIALTY RETAIL: To Pursue Equitization Restructuring or Sale
SYNERGY PHARMACEUTICALS: U.S. Trustee Forms 7-Member Equity Panel
TITAN ENERGY: Suspending Filing of Reports with SEC
TRANSDIGM INC: Moody's Affirms B1 CFR & Alters Outlook to Negative

UNISON ENVIRONMENTAL: Court Cancels Hearing on Trustee Appointment
VERMONT COUNCIL: S&P Alters Outlook on 2006A Bonds to Positive
VERRI CHIROPRACTIC: U.S. Trustee Unable to Appoint Committee
VERSUM MATERIALS: Moody's Puts Ba2 CFR Under Review for Upgrade
VOYAGER GROUP: U.S. Trustee Unable to Appoint Committee

W.L. GOODFELLOWS: Seeks Authorization to Use Cash Collateral
WALDEN PALMS CONDOMINIUM: U.S. Trustee Unable to Appoint Committee
WHITE EAGLE: U.S. Trustee Unable to Appoint Committee
[*] Mintz & Gold Hires A. Gottesman to Bankruptcy Practice
[^] BOOK REVIEW: Macy's for Sale


                            *********

9 GREEN NOTE: Seeks to Hire Rattet PLLC as Legal Counsel
--------------------------------------------------------
9 Green Note Inc. seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to hire Rattet PLLC as its legal
counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with its creditors in the preparation of
a plan of reorganization; give advice regarding any potential
refinancing of secured debt or sale of its business; and provide
other legal services related to its Chapter 11 case.

The hourly rates for the firm's attorneys range from $400 to $650.
Legal assistants and paralegals charge $150 per hour.

Robert Rattet, Esq., at Rattet PLLC, disclosed in a court filing
that his firm is "disinterested" as defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached through:

     Robert L. Rattet, Esq.
     Rattet PLLC
     202 Mamaroneck Avenue, Suite 300
     White Plains, NY 10601
     Phone: (914) 381-7400

                     About 9 Green Note

9 Green Note Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 19-40356) on Jan. 21,
2019.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $500,000.  The case
is assigned to Judge Elizabeth S. Stong.  Rattet PLLC is the
Debtor's counsel.


ACADEMY LTD: Moody's Lowers CFR to Caa1, Outlook Negative
---------------------------------------------------------
Moody's Investors Service downgraded Academy, Ltd.'s Corporate
Family Rating to Caa1 from B3 and Probability of Default Rating to
Caa1-PD from B3-PD. Concurrently, Moody's downgraded the company's
senior secured term loan rating to Caa2 from Caa1. The ratings
outlook was changed to negative from stable.

"Academy faces a challenging turnaround amid the highly competitive
sporting goods environment," said Moody's analyst Raya Sokolyanska.
"In the near term, the company's good liquidity, with ample
revolver availability and lack of debt maturities until 2022,
provides key support to an otherwise weakening credit profile."

The downgrades reflect Moody's expectations for continued weak
earnings and credit metrics in the near term, driven by a
challenging operating environment, the transition of the company's
merchandising assortment, margin pressure from the mix shift to
e-commerce and investments needed to improve the store and digital
experience. In addition, the downgrades acknowledge the risk that
Academy could buy back a meaningful portion of its term loan at a
significant discount, which could be deemed a distressed exchange,
a default under Moody's definition.

The negative outlook reflects the risk that Academy's earnings
performance and liquidity including free cash flow and availability
under its revolving credit facility could be weaker than expected,
potentially increasing the likelihood of default.

Moody's took the following rating actions for Academy, Ltd. :

  - Corporate Family Rating, downgraded to Caa1 from B3

  - Probability of Default Rating, downgraded to Caa1-PD from
B3-PD

  - $1.825 billion ($1.635 billion outstanding) Senior Secured Term
Loan B due 2022, downgraded to Caa2 (LGD4) from Caa1 (LGD4)

  - Outlook, changed to Negative from Stable

RATINGS RATIONALE

Academy's Caa1 CFR reflects the company's weak operating
performance and high leverage, with Moody's adjusted debt/EBITDA of
6.6 times as of November 3, 2018. In Moody's view, Academy's faces
a challenging turnaround with significant execution risk, given the
need to differentiate its value proposition amid high competition
in the sporting goods sector. The rating also incorporates the risk
of a distressed exchange to reduce the company's large outstanding
term loan amount. In addition, the rating is constrained by
Academy's geographic concentration and its long-term lease
commitments to large-format stores, which limit its ability to
respond to declining bricks-and-mortar traffic. At the same time,
Academy's good liquidity given its sizable $1 billion asset-based
revolver provides key credit support. The rating is also supported
by the company's scale, solid market position in its regions and
the relative stability of its business through recessionary periods
due to its value focus and broad assortment.

The ratings could be downgraded if revenue and earnings decline
more than anticipated, or if liquidity deteriorates for any reason,
including negative free cash flow generation and increased revolver
usage. The ratings could also be lowered if the probability of
default including a distressed exchange increases, or if Moody's
recovery estimates in the event of default decline.

The ratings could be upgraded if the company exhibits sustained
comparable sales and earnings growth while maintaining good
liquidity, including solid positive free cash flow. Quantitatively,
an upgrade would require debt/EBITDA (Moody's-adjusted) maintained
below 6.5 times and EBIT/interest expense above 1.0 times.

Academy, Ltd. is a US sports, outdoor and lifestyle retailer with a
broad assortment of hunting, fishing and camping equipment and gear
along with sports and leisure products, footwear, and apparel. The
company operates 253 stores under the Academy Sports + Outdoors
banner, which are primarily located in Texas and the southeastern
United States. The company generated approximately $4.9 billion of
revenue for the twelve-month period ended November 3, 2018. Academy
has been controlled by an affiliate of Kohlberg Kravis Roberts & Co
L.P. since 2011.


ALAMO VENTURES: Unsecureds to Get Payment Until 2024
----------------------------------------------------
Alamo Ventures, LLC, filed an amended disclosure statement to,
among other things, amend the treatment of general unsecured
claims.

Class 9 - General Unsecured Claims. This class includes all claims
by BDB Capital, its principals, and any of its agents who have or
will assert claims against the Debtor, and all other claims of any
sort or nature that are not otherwise treated under the plan. Class
9 is impaired by this Plan. Holders of allowed Class 9 claims will
be paid a pro rata share of the annual distributions from the
Unsecured Claim Fund each April 15th until the earlier of (1) the
date all unsecured creditors are paid in full, or (2) April 15,
2024. So long as holders of Allowed Class 9 claims are entitled to
payments under the Plan.

Class 2 - Claims Secured by Deed(s) of Trust on 5973 S. Avenida Las
Monjas, Tucson, AZ 85706 are impaired. The Class 2 claim shall be
an allowed claim  the amount of $11,414.00.

Class 3 - claims from that certain Homeowners Association Judgment
Lien arising out of Pima County Superior Court case No.
CV15-010971, and such judgment having been duly Recorded in the of
the records of Pima County Arizona encumbering the real property
and improvements. Class 3 claim will be allowed in the amount of
$2,694.59. Class 3 is impaired by this Plan. (i) After the Class 2
claim is paid in full, the Class 3 claim will be paid cash equal to
the amount of its claim plus interest at the federal judgment rate
as of the Effective Date of the Plan.

Class 4 - Claims Secured by Deed(s) of Trust encumbering 6684 S.
Cut Bow Drive, Tucson, AZ 85757. The Class 4 claim shall be an
allowed claim in the amount of $23,415.00 or such other amount as
the court determines under Section 506.  Class 4 is impaired by
this Plan.

Class 5 - Claims Secured by Deed(s) of Trust on 1355 W Kleindale
Road, Tucson, AZ 85705. The Class 5 claim shall be an allowed claim
in the amount of $18,740.00. Class 5 is impaired by this Plan.

Class 6 - claims from that certain loan dated February 23, 2016 and
secured by that certain Deed of Trust Recorded February 29, 2016 at
SEQUENCE 20160600551 in the of the records of Pima County Arizona
encumbering the real property and improvements. The Class 6 claim
will be allowed in the amount of $15,000 for prepetition
arrearages. Class 6 is impaired by this Plan.

Class 7 - Claims Secured by UCC-1 Secured Claim held by SKAR3, LLC.
The Class 7 claim will be allowed in the amount of $10,000. Any
other amounts amount owed under the September 2018 loan will be
classified as a general unsecured claim. Class 7 is impaired by
this Plan. After the Class 6 claim is paid in full, the Class 7
claim will be paid cash equal to the amount of its claim plus
interest at the federal judgment rate as of the Effective Date of
the Plan.

Class 10 - Equity Interest Holders are impaired. Class 10 Equity
Interests will receive nothing on account of those interests unless
Class 10 contributes cash, or the equivalent of cash, on the
Effective Date with a value at least equal to 10% of the cumulative
value of all unsecured claims.

Payments and distributions under the Plan will be funded by the
following: the Contribution Equity, net income from
Pre-confirmation rentals, and Net Income from post-confirmation
rents or sales of properties.

A full-text copy of the Disclosure Statement dated January 16,
2019, is available at https://tinyurl.com/ycmpfcfs from
PacerMonitor.com at no charge.

                    About Alamo Ventures

Alamo Ventures, LLC, is a lessor of real estate in Tucson,
Arizona.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Ariz. Case No. 18-11235) on Sept. 14, 2018, estimating its assets
and liabilities at between $1 million and $10 million each.  The
petition was signed by Robert Reilly, manager member.

Judge Scott H. Gan presides over the case.

Michael W. Baldwin, Esq., at Michael Baldwin, PLC, serves as
bankruptcy counsel.

No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Alamo Ventures, LLC, as of Oct. 18, 2018,
according to a court docket.


ALPHA CARE: Feb. 14 Plan Confirmation Hearing
---------------------------------------------
Alpha Care Ambulance Corp. obtained conditional approval of the
disclosure statement explaining its small business Chapter 11
plan.

A hearing will be held on February 14, 2019 at 11:00 a.m. for final
approval of the Disclosure Statement (if a written objection has
been timely filed) and for confirmation of the Plan before the
Honorable Vincent F. Papalia, United States Bankruptcy Court,
District of New Jersey, 50 Walnut Street, Third Floor, Newark, NJ
07102, in Courtroom  3B.

February 7, 2019 is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

February 7, 2019 is fixed as the last day for filing written
acceptances or rejections of the Plan.

A full-text copy of the Disclosure Statement is available at
https://tinyurl.com/yddvc8rp from PacerMonitor.com at no charge.

               About Alpha Care Ambulance Corp.

Alpha Care Ambulance Corp. is the successor-in-interest to Alpha
Medical Services, Inc., which began its business operations in or
about 1998 and was incorporated in 2001.  The Debtor provides
non-emergency medical transportation services to individuals to and
from doctors' offices and medical treatment facilities.  The Debtor
also provides transportation to and from school for children with
special needs.  The Debtor provides transportation services
primarily within Passaic County; however, the Debtor also provides
some transportation services in Bergen, Essex, and Hudson
Counties.

Alpha Care transports individuals who are covered by private health
insurance policies as well as individuals covered by Medicare.  Its
executive and administrative offices are located in Paterson, New
Jersey.

Alpha Care Ambulance Corp. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.J. Case No. 18-15372) on March 19,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $1 million.  Judge
Vincent F. Papalia is the case judge.  The Debtor tapped Hook &
Fatovich, LLC, as its legal counsel, and Ernest P. DeMarco &
Associates, LLC, as its accountant.


ALPHA REAL: Case Summary & 5 Unsecured Creditors
------------------------------------------------
Debtor: Alpha Real Estate Investment & Development Properties Inc.
        4663 Kraft Ave.
        N Hollywood, CA 91602

Business Description: Alpha Real Estate Investment is a Single
                      Asset Real Estate Debtor (as defined in
                      11 U.S.C. Section 101(51B)).  The Company
                      owns in fee simple a real property located
                      at 4663 Kraft Avenue, North Hollywood,  
                      California having a comparable sale value of

                      $1.52 million.

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Case No.: 19-10224

Judge: Hon. Victoria S. Kaufman

Debtor's Counsel: Grace R. Rodriguez, Esq.
                  LAW OFFICES OF R. GRACE RODRIGUEZ
                  21000 Devonshire St, Ste 111
                  Chatsworth, CA 91311
                  Tel: 818-734-7223
                  Fax: 818-338-5821
                  E-mail: ecf2@lorgr.com
    
                    - and -

                  Dana M. Douglas, Esq.
                  LAW OFFICES OF R. GRACE RODRIGUEZ
                  2100 Devonshire Street, Suite 111
                  Chatsworth, CA 91311
                  Tel: (818) 734-7223
                  E-mail: ecf@lorgr.com

Total Assets: $1,926,000

Total Liabilities: $1,945,278

The petition was signed by Jack Eliakim, president.

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

             http://bankrupt.com/misc/cacb19-10224.pdf


AMERICAN TELECONFERENCING: Moody's Cuts CFR to Caa2, Outlook Neg.
-----------------------------------------------------------------
Moody's Investors Service downgraded American Teleconferencing
Services, Ltd.'s Corporate Family Rating to Caa2, from Caa1, its
Probability of Default Rating to Caa2-PD, from Caa1-PD, and the
rating for its first lien credit facilities to Caa1, from B3. The
ratings outlook is negative. ATS is a wholly-owned subsidiary of
Premiere Global Services, Inc. (PGi), which is owned by affiliates
of Siris Capital Group, LLC.

RATINGS RATIONALE

The downgrade of the CFR reflects Moody's view that PGi's EBITDA
will deteriorate significantly over the next 12 months. In
addition, the company's plan to offset a precipitous decline in its
legacy audio conferencing revenues through a new Unified
Communications as a Service (UCaaS) offering has high execution
risk. The UCaaS market is large and growing rapidly but is highly
competitive with several established players that have significant
resources and a long track record of successful product adoption by
enterprise customers. Given PGi's challenges, Moody's believes that
the company's ability to meet covenants beyond 2Q 2019 is highly
uncertain and the capital structure is unsustainable. The risk of
default and debt impairment is high given the continuing erosion in
revenues and EBITDA. The scheduled maturity of PGi's revolving
credit facility in December 2020 limits the available time to
demonstrate the commercial success of new products. Since its
leveraged buyout PGi has executed on significant cost reductions
that have mitigated the impact of declining revenues. But sustained
revenue declines in the legacy audio conferencing revenues and
prior execution challenges in launching competitive new products
result in high business risks.

PGi has proposed amendments to its existing credit agreements to
waive the total leverage covenant for 2Q 2019 and a potential going
concern qualification requirement in its 2018 financial statements.
As part of the amendment, the company's sponsors will commit to a
new $20 million equity contribution, which follows the $30 million
equity infusion in the second half of 2018. The company also
expects to complete the sale of certain non-core assets in the near
term, which management believes, along with the equity support,
will provide the company adequate liquidity through 2019 to execute
on its plans to commercially offer a new UCaaS offering. The
continuing support from financial sponsors' is credit positive.
However, Moody's believes that the proposed amendment and equity
infusion will only improve PGi's liquidity on a short-term basis.

The Caa2 CFR reflects PGi's elevated risk of default and weak
liquidity. The company faces sustained revenue declines and it
lacks a competitive UC product offering while the business
communications market is rapidly shifting toward bundled
communications, collaboration and conferencing products offered
over the Internet. Both the legacy audio conferencing services and
the UC markets are intensely competitive and include competitors
with significantly larger scale and technology resources. The
negative outlook reflects PGi's high business risks and an
expectation for declining operating cash flow over the next 3 to 4
quarters.

ATS' ratings could be downgraded if liquidity deteriorates
resulting in an elevated default probability or Moody's believes
that credit losses in the event of a default could be higher than
currently expected. Moody's could upgrade ATS' rating if liquidity
improves substantially, revenue stabilize and Moody's expects the
company to generate positive free cash flow on a sustained basis.

Downgrades:

Issuer: American Teleconferencing Services, Ltd.

Probability of Default Rating, Downgraded to Caa2-PD, from Caa1-PD

Corporate Family Rating, Downgraded to Caa2, from Caa1

Senior Secured Bank Credit Facility, Downgraded to Caa1 (LGD3),
from B3 (LGD3)

Outlook Actions:

Issuer: American Teleconferencing Services, Ltd.

Outlook, Remains Negative

Premiere Global Services, Inc. provides audio conferencing, web and
video collaboration services.



AMERICANN INC: Achieves Construction Milestone on MMCC Project
--------------------------------------------------------------
AmeriCann, Inc., provided a construction update for its flagship
Massachusetts Medical Cannabis Center "MMCC."

Construction of the MMCC project is moving forward rapidly, with
millions of dollars already invested in site preparation, concrete,
and steelwork.  More than a dozen companies have been retained for
construction of the facility which is being overseen by CBRE on
behalf of AmeriCann.

The construction of Building 1, a 30,000 square foot cultivation
and processing facility, is scheduled for completion in the summer
of 2019.  The entire building will be 100% leased by an existing,
vertically-integrated Massachusetts operator Bask, Inc.  The
Building 1 project cost is $7,500,000 and is expected to create 30
new direct jobs in the area.

The Massachusetts Medical Cannabis Center is being developed on a
52-acre parcel located in Southeastern Massachusetts.  The MMCC
project is permitted for 987,000 sq. ft. of cannabis cultivation
and processing infrastructure, which will be developed in phases,
and plans to support both the existing medical cannabis and the
newly emerging adult-use cannabis marketplace.

AmeriCann plans to replicate the brands, technology and innovations
developed at its MMCC project to new markets as a licensed
multi-state operator (MSO).

"The topping off of Building 1 represents an important milestone
for AmeriCann," stated Company Founder Ben Barton.  "Although
Building 1 is only the initial phase of the overall MMCC
development, it is on schedule to provide AmeriCann with
significant revenue and cash flow."

On January 8th, Bask, Inc. and AmeriCann Brands, Inc. a subsidiary
of AmeriCann, received approval on their host community agreements
(HCA) from the Freetown Board of Selectmen to operate
environmentally sustainable cannabis cultivation and processing
facilities.  The HCA does not require any percentage of revenue
from the operators at MMCC.  The No-Fee agreement will be used for
all Joint Venture partners at MMCC.  This favorable HCA will
provide operators at the MMCC with a distinct competitive advantage
compared to operators that are required to pay 3% or more of
revenue to host communities.

As the first approved adult-use cannabis market on the Eastern
U.S., Massachusetts has the potential to become the epicenter for
cannabis innovation and research.  Since November 20th 2018,
Massachusetts recreational dispensaries have sold more than $24
million worth of cannabis products, including $3.4 million in the
most recent week.  Annual recreational retail sales are expected to
total $1.3 billion - $1.6 billion in a few years, according to
Marijuana Business Daily estimates.

                       About Americann

Headquartered in Denver, Colorado, AmeriCann is a specialized
cannabis company that is developing state-of-the-art product
manufacturing and greenhouse cultivation facilities.  Its business
plan is based on the continued growth of the regulated marijuana
market in the United States.  AmeriCann uses greenhouse technology
which is superior to the current industry standard of growing
cannabis in warehouse facilities under artificial lights.

Americann reported a net loss of $4.43 million for the year ended
Sept. 30, 2018, compared to a net loss of $2.77 for the year ended
Sept. 30, 2017.  As of Sept. 30, 2018, Americann had $9.45 million
in total assets, $2.62 million in total liabilities, and $6.83
million in total stockholders' equity.

MaloneBailey, LLP, the Company's auditor since 2016, issued a
"going concern" opinion in its report on the consolidated financial
statements for the year ended Sept. 30, 2018, stating that the
Company has suffered recurring losses from operations and has an
accumulated deficit that raise substantial doubt about its ability
to continue as a going concern.


ARMAOS PROPERTY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Two affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

     Debtor                                        Case No.
     ------                                        --------
     Armaos Property Holdings, LLC                 19-20134
     360 Route 12
     Groton, CT 06340

     Olympic Hotel Corporation                     19-20135
     360 Route 12
     Groton, CT 06340

Business Description: Armaos Property and Olympic Hotel operate
                      short term lodging facilities.

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       District of Connecticut (Hartford)

Debtors' Counsel: James Berman, Esq.
                  ZEISLER & ZEISLER, P.C.
                  10 Middle Street, 15th Floor
                  P.O. Box 1220
                  Bridgeport, CT 06604
                  Tel: (203) 368-4234
                  E-mail: jberman@zeislaw.com
                         info@zeislaw.com

Armaos Property's
Estimated Assets: $1 million to $10 million

Armaos Property's
Estimated Liabilities: $1 million to $10 million

Olympic Hotel's
Estimated Assets: $50,000 to $100,000

Olympic Hotel's
Estimated Liabilities: $1 million to $10 million

The petitions were signed by Michael C. Armaos, manager.

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

           http://bankrupt.com/misc/ctb19-20134.pdf

A full-text copy of Olympic Hotel's petition containing, among
other items, a list of the Debtor's 20 largest unsecured creditors
is available for free at:

           http://bankrupt.com/misc/ctb19-20135.pdf


ARMSTRONG WORLD: Moody's Raises CFR to Ba3, Outlook Stable
----------------------------------------------------------
Moody's Investors Service upgraded Armstrong World Industries,
Inc.'s Corporate Family Rating to Ba3 from B1 and its Probability
of Default Rating to Ba3-PD from B1-PD. Moody's projects financial
performance and resulting key debt credit metrics improving over
the next 12 to 18 months, warranting higher ratings. In related
rating actions, Moody's upgraded the company's senior secured bank
credit facility to Ba3 from B1, and affirmed its SGL-1 Speculative
Grade Liquidity Rating. Rating outlook is stable.

The following ratings/assessments are affected by the action:

Upgrades:

Issuer: Armstrong World Industries, Inc.

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

Corporate Family Rating, Ba3 from B1

Senior Secured Bank Credit Facility, Ba3 (LGD3) from B1 (LGD3)

Outlook Actions:

Issuer: Armstrong World Industries, Inc.

Outlook, Remains Stable

Affirmations:

Issuer: Armstrong World Industries, Inc.

Speculative Grade Liquidity Rating, Affirmed SGL-1

RATINGS RATIONALE

The upgrade of Armstrong's Corporate Family Rating to Ba3 from B1
results from Moody's expectations of better debt credit metrics due
to a combination of growing revenues, strong operating margins,
while maintaining conservative financial policies. Moody's projects
by mid-2020 revenues approaching $1.1 billion, EBITA margin
remaining around 28%, in-line with current performance, and
resulting interest coverage, measured as EBITA-to-interest expense,
staying above 6.0x over same time horizon. Moody's forecasts
debt-to-EBITDA declining to about 2.4x by mid-2020 from 2.7x at
September 30, 2018, and free cash flow-to-debt in excess of 23%
over same time period (all ratios includes Moody's standard
adjustments). Low cash interest payments of approximately $33
million per year are major contributor to free cash flow
generation.

Fundamentals for U.S. private non-residential construction, main
driver of Armstrong's revenues and resulting earnings, remain sound
and supports growth. Its performance expectations for commercial
construction considers trends in The Architectural Billings Index,
or ABI, a key indicator of future expectations for construction
projects amongst architects published by the American Institute of
Architects. The ABI trended down in December 2018 to 50.4 from 54.7
in November 2018. Index readings over 50 indicate an aggregate
growth in billings. Over the next 12 to 18 months, Moody's
anticipates the index will continue to suggest reasonable end
market demand.

However, risks remain. Although sound now, U.S. non-residential
private construction activity is cyclical. Its embedded volatility
poses a credit risk to Armstrong. This market could contract
quickly and have a negative impact on the company's financial
profile. An economic downturn would weaken cash flows and debt
service capabilities. Also, Moody's believes that Armstrong may use
higher level of capital deployment for share repurchases. From July
29, 2016, initiation of share repurchase program, through 3Q18,
Armstrong has spent approximately $350.2 million for share
repurchases, capital that could otherwise be deployed towards
reducing debt and improving company's balance sheet or enhancing
liquidity. Moody's projections include share repurchases similar to
the level for the previous year. However, Moody's believes future
share repurchases will be tempered by economic conditions,
acquisitions, and free cash flow generation.

Armstrong's business profile, characterized by limited revenue base
and focus on ceiling systems, are credit constraints and difficult
to overcome. Armstrong is a small company in terms of revenues.
When compared with other manufacturers, average revenue for "Ba"
rated companies under the Global Manufacturing Companies
Methodology is in excess of $3.25 billion, over three times its
projected revenues for Armstrong. Despite great operating margins,
Armstrong's revenue base limits absolute levels of earnings, which
may constrain financial flexibility in a downturn and dictates that
the company maintain a low amount of debt in its capital structure.
In addition, Armstrong focuses on ceiling systems sold into
competitive markets. Combination of each creates a business profile
that is difficult to overcome.

Armstrong's SGL-1 Speculative Grade Liquidity Rating reflects its
view that the company will maintain a very good liquidity profile
over next 12 months, generating free cash flow throughout the year.
It has the ability to generate free cash flow in each of its fiscal
quarters, though the company generates most cash flows in second
half of each calendar year. Cash on hand totaled $327 million at
September 30, 2018, and is more than sufficient to meet any
shortfall in operating cash flow, as well as support growth of
working capital and capital expenditures. Augmenting cash flows and
cash is significant availability under Armstrong's $200 million
revolving credit facility expiring in 2021.

The stable rating outlook reflects its expectations that
Armstrong's credit profile, such as EBITA Margins continuing above
15%, will remain supportive of its Ba3 Corporate Family Rating over
the next 12 to 18 months.

Positive rating actions could ensue if Armstrong's operating
performance improves and yields the following credit metric (ratio
incorporates Moody's standard adjustments) and characteristics:

  - Revenues nearing $1.5 billion

  - EBITA margins remaining above 20%

  - Debt-to-EBITDA sustained below 2.5x

  - Maintenance of very good liquidity

  - Ongoing trends in end markets that support growth

Negative rating actions could ensue if Armstrong's operating
performance deteriorates, resulting in credit metrics (all ratios
incorporate Moody's standard adjustments) or characteristics such
as:

  - EBITA margins below 15%

  - Debt-to-EBITDA sustained above 3.5x

  - Significant deterioration in company's liquidity

  - Large debt-financed acquisitions

  - Greater than anticipated share repurchases

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

Armstrong World Industries, Inc., headquartered in Lancaster, PA,
is a North American manufacturer and distributor of ceiling systems
used in construction and renovation of commercial and institutional
buildings. Revenues for the 12 months through September 30, 2018
approximate $950 million.


BALLANTYNE BRANDS: Seeks to Hire Pearce Law as Legal Counsel
------------------------------------------------------------
Ballantyne Brands, LLC, seeks approval from the U.S. Bankruptcy
Court for the Western District of North Carolina to hire Pearce Law
PLLC as its legal counsel.

The firm will advise the company and its North Carolina-based
affiliate on bankruptcy-related issues related to the
administration of their affairs; assist them in the preparation of
a plan of reorganization; evaluate and prosecute claims; and
provide other legal services related to their Chapter 11 cases.

Pearce Law will charge an hourly fee of $400 for its services.

The firm neither holds nor represents any interest adverse to the
Debtors, according to court filings.

Pearce Law can be reached through:

     Bradley E. Pearce, Esq.
     Pearce Law PLLC
     401 N. Tryon St., 10th Floor
     Charlotte, NC 28202
     Phone: 704.910.6385
     Fax: 704.870.0963
     Email: brad@bepearcelaw.com

                    About Ballantyne Brands

Ballantyne Brands -- https://www.misticecigs.com/ -- manufactures
electronic cigarette under the brand Mistic.

Ballantyne Brands LLC, a Delaware limited liability company, and
Ballantyne Brands LLC, a North Carolina limited liability company,
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
W.D.N.C. Case Nos. 19-30083 and 19-30084) on January 18, 2019.

At the time of the filing, Ballantyne Brands disclosed $189,222 in
assets and $16,613,740 in liabilities.  Meanwhile, the company's
North Carolina affiliate reported zero assets and liabilities of
$1,586,511.

The cases are assigned to Judge Craig J. Whitley.


BASRAH CUSTOM: Taps Metro Detroit as Legal Counsel
--------------------------------------------------
Basrah Custom Design, Inc., received approval from the U.S.
Bankruptcy Court for the Eastern District of Michigan to hire Metro
Detroit Bankruptcy Law Group 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.

Stuart Sandweiss, Esq., president of MDBLG and the attorney who
will be handling the case, charges an hourly fee of $300.  

The firm received a $19,800 retainer. Of this amount, $4,000 was
used to pay the firm's pre-bankruptcy legal fees while $1,717 was
used to pay the filing fee.

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

The firm can be reached through:

     Stuart Sandweiss, Esq.
     Metro Detroit Bankruptcy Law Group
     18481 West Ten Mile Road, Suite 100      
     Southfield, MI 48075      
     Phone: (248) 417-9800   
     Fax: (800) 577-1716      
     Email: stuart@metrodetroitbankruptcylaw.com

                   About Basrah Custom Design

Basrah Custom Design, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. Mich. Case No. 18-56801) on Dec.
16, 2018.  At the time of the filing, the Debtor estimated assets
of less than $50,000 and liabilities of less than $500,000.  The
case is assigned to Judge Thomas J. Tucker.


BEAVER LOCAL SCHOOL: Moody's Affirms Ba2 on $19.5MM GOULT Debt
--------------------------------------------------------------
Moody's Investors Service has affirmed the Ba2 rating on Beaver
Local School District, OH's outstanding general obligation
unlimited tax (GOULT) debt. The outlook remains negative. The
district has $19.5 million in GOULT debt outstanding.

RATINGS RATIONALE

The Ba2 rating reflects the district's very narrow cash position
resulting from previous operating deficits. The district relies
heavily on voter support for property taxes and will attempt to
renew a key operating levy in May 2019, following a failed attempt
in November 2018. Favorably, the cash position improved modestly in
fiscal 2018 and is expected show additional improvement in fiscal
2019. The rating also reflects the district's high debt burden and
slow amortization of outstanding debt. The small, rural tax base
has seen limited development. A long-term trend of declining
enrollment is showing some signs of stabilizing.

RATING OUTLOOK

The negative outlook reflects the uncertain outcome of the
district's emergency operating levy renewal request in May 2019. If
approved, the levy will generate approximately $1.2 million in
annual revenue for the district, which will help balance the
operating budget. If rejected, the district will likely face
increased financial pressure and weakened credit quality.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Sustained growth in liquidity

  - Voter renewal of outstanding tax levy and/or voter approval of
a new levy that generates additional local revenue

  - Sustained growth in enrollment

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Voter rejection of a renewal levy request and/or new levy
requests that strain the district's ability to maintain operational
balance and improve liquidity

  - Material growth in the district's debt or pension burden

  - Failure to pay operating expenses, including debt service, on
time and in full

LEGAL SECURITY

The bonds are secured by the district's pledge and authorization to
levy a dedicated property tax that is unlimited as to rate or
amount. The bonds were approved by voters in 2012 to finance
construction of a new K-12 school building.

PROFILE

Beaver Local School District is located in Columbiana County,
approximately 30 miles south of Youngstown. The district and
provides kindergarten through twelfth grade education to
approximately 1,800 students as of the 2018 academic year. The
district operates one school building on a single campus and
employs approximately 220 teachers and administrative staff.



BOCA HEALTH: Seeks to Hire Van Horn Law Group as Counsel
--------------------------------------------------------
Boca Health Fitness, LLC, seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to hire Van Horn Law
Group, Inc., as its legal counsel.

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

Van Horn Law Group will charge these hourly fees:

     Chad Van Horn, Esq.     $450
     John Schank, Esq.       $350
     Associates              $350
     Jay Molluso             $300
     Law Clerks              $175
     Paralegals              $175

The firm has required an initial retainer of $10,000, plus $1,717
for the filing fee.

Chad Van Horn, Esq., a partner at Van Horn Law Group, disclosed in
a court filing that he and his firm do not represent any interest
adverse to the Debtor and its bankruptcy estate.

The firm can be reached through:

     Chad T. Van Horn, Esq.
     Van Horn Law Group, Inc.
     330 N. Andrews Ave. Suite 450
     Fort Lauderdale, FL 33301
     Phone: 954.765.3166 / 954.756.7103
     Email: info@cvhlawgroup.com

                   About Boca Health Fitness

Boca Health Fitness, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-10417) on Jan. 11,
2019.  The case is assigned to Judge Raymond B. Ray.     Van Horn
Law Group, Inc., is the Debtor's counsel.



BSC HOLDINGS: Trustee Seeks to Hire EML as Legal Counsel
--------------------------------------------------------
Eva Lemeh, the Chapter 11 trustee for BSC Holdings Corp., Inc.,
seeks approval from the U.S. Bankruptcy Court for the Middle
District of Tennessee to hire her own firm as her legal counsel.

The trustee proposes to employ the law firm of Eva M. Lemeh to
assist her in the liquidation of the bankruptcy estate's assets,
and provide other legal services related to the Debtor's Chapter 11
case.

The firm charges $395 per hour for attorney services and $175 for
paralegal services.

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

The firm can be reached through:

     Eva M. Lemeh, Esq.
     Eva M. Lemeh, Attorney at Law
     4300 Kings Lane  
     Nashville, TN 37218
     Phone: (615) 876-4862
     Fax: (615) 691-7382
     Email: elemehtrustee@comcast.net

                     About BSC Holdings Corp.

On July 13, 2018, BSC Holdings, LLC, filed a petition for relief
under Chapter 7 of the Bankruptcy Code which was subsequently
converted to a Chapter 11 proceeding on August 23, 2018 (Bankr.
M.D. Tenn. Case no. 18-04636).  At the time of filing, the Debtor
estimated $10 million to $50 million in assets and $0 to $50,000 in
liabilities.  Alexander S. Koval, Esq., at Rothschild & Ausbrooks,
PLLC, is the Debtor's counsel.


BSC HOLDINGS: Trustee Seeks to Hire Larry Williams as Accountant
----------------------------------------------------------------
Eva Lemeh, the Chapter 11 trustee for BSC Holdings Corp., Inc.,
seeks approval from the U.S. Bankruptcy Court for the Middle
District of Tennessee to hire an accountant.

The trustee proposes to employ Larry Williams, CPA to advise her
regarding the tax impact of the Debtor's transactions and assist
her in the preparation of tax returns.

The accounting firm's hourly rates range from $75 to $200.

Larry Williams does not represent any interest adverse to the
trustee and the Debtor's bankruptcy estate, according to court
filings.

The firm maintains an office at:

     Larry Williams, CPA
     205 Powell Pl
     Brentwood, TN 37027
     Telephone: (615) 312-8247
     Fax: (615) 369-0601

                     About BSC Holdings Corp.

On July 13, 2018, BSC Holdings, LLC, filed a petition for relief
under Chapter 7 of the Bankruptcy Code which was subsequently
converted to a Chapter 11 proceeding on Aug. 23, 2018 (Bankr. M.D.
Tenn. Case no. 18-04636).  At the time of filing, the Debtor
estimated $10 million to $50 million in assets and $0 to $50,000 in
liabilities.  Alexander S. Koval, Esq., at Rothschild & Ausbrooks,
PLLC, is the Debtor's counsel.


C & B REHAB: Seeks to Hire Benjamin Martin as Legal Counsel
-----------------------------------------------------------
C & B Rehab LLC seeks approval from the U.S. Bankruptcy Court for
the Middle District of Florida to hire the Law Offices of Benjamin
Martin as its legal counsel.

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

The firm will charge $300 per hour for attorney's time and $100 per
hour for travel time.

Benjamin Martin received $7,500 from a third party, Walhof & Co
Mergers & Acquisitions LLC, of which $7,200 serves as a retainer
while the $300 is payment for the firm's pre-bankruptcy services.
The firm was also paid $1,717 for the filing fee.

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

The firm can be reached through:

     Benjamin G. Martin, Esq.   
     Law Offices of Benjamin Martin  
     1620 Main Street, Suite 1
     Sarasota, FL 34236
     Tel: 941-951-6166
     Fax: 941-951-2076
     Email: skipmartin@verizon.net

                      About C & B Rehab LLC

C & B Rehab, LLC, a limited liability company in Florida, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.
Fla. Case No. 18-11027) on Dec. 26, 2018.  At the time of the
filing, the Debtor estimated assets of $1 million to $10 million
and liabilities of $1 million to $10 million.  The case is assigned
to Judge Michael G. Williamson.


C.D. HALL: Canada Secured Claims to Get 8% Per Annum
----------------------------------------------------
C.D. Hall LLC filed an amended disclosure statement explaining its
Chapter 11 plan to clarify that to the extent the Canada Secured
Claim comprises all amounts owed to Canada, such that the available
proceeds from any sale or refinance of the real property are
sufficient to pay those amounts in full, the Canada Secured Claim
will bear interest at the rate of 8% per annum, until paid in
full.

Class 5: General Unsecured Claims are impaired. Except to the
extent that a holder of an Allowed Class 5 Claim has (i) has been
paid by Debtor prior to the Effective Date of this Plan, or (ii)
otherwise agrees to different treatment, each Holder of an Allowed
Class 5 Claim shall receive, in full and final satisfaction of such
allowed Class 5 Claim, payments totaling 100% of its Allowed Class
5 Claim, such payments to be made in twelve equal monthly
installments commencing on the Initial Distribution Date and
continuing thereafter on the Periodic Distribution Date.

Class 1: Clearinghouse Claim are impaired. Class 1 shall receive
payment in full in cash as soon as reasonably practicable after the
later of (i) the effective date of the Plan or (iii) such other
date as may be ordered by the Bankruptcy Court.

Class 2: IRS Claim are impaired. Class 2 shall receive payment in
full in cash as soon as reasonably practicable after the later of
(i) the effective date of the Plan, (ii) the date such Class 2
Claim becomes Allowed, or (iii) such other date as may be ordered
by the Bankruptcy Court.

Class 3: Canada Secured Claim are impaired.  Class 3 shall receive
payment in cash as soon as reasonably practicable after the later
of (i) the effective date of the Plan, (ii) the date such Class 3
Claim becomes Allowed, or (iii) such other date as may be ordered
by the Bankruptcy Court, such payment limited to the available
proceeds from any Sale or Refinance of the Real Property.  For
purposes of clarity, to the extent the Canada Secured Claim
comprises all amounts owed to Canada, such that the available
proceeds from any sale or refinance of the real property are
sufficient to pay those amounts in full, the Canada Secured Claim
will bear interest at the rate of 8% per annum, until paid in
full.

Class 4: Canada Unsecured Claim are impaired. Except to the extent
that a holder of an Allowed Class 4 Claim has (i) has been paid by
Debtor prior to the Effective Date of this Plan, or (ii) otherwise
agrees to different treatment, each Holder of an Allowed Class 4
Claim shall receive, in full and final satisfaction of such allowed
Class 4 Claim, payments totaling 100% of its Allowed Class 4 Claim,
such payments to be made in twelve equal monthly installments
commencing on the Initial Distribution Date and continuing
thereafter on the Periodic Distribution Date, plus interest at the
rate of 8% per annum.

In order to allow Debtor to ensure the feasibility of its Plan, the
Debtor sought and obtained an order on December 2018, authorizing
the employment of a commercial real estate agent to market and sell
its Real Property. ECF No. 72. Debtor plans to use the available
proceeds generated by the sale of its Real Property as the primary
funding source for its Plan.

A full-text copy of the Disclosure Statement dated January 16,
2019, is available at https://tinyurl.com/yab5ctm8 from
PacerMonitor.com at no charge.

              About CD Hall LLC

C.D. Hall LLC owns a child day care center in Las Vegas, Nevada.
The company previously sought protection from creditors on Nov. 29,
2013 (Bankr. D. Nev. Case No. 13-20032).

C.D. Hall LLC again sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-13058) on May 25, 2018.
In the petition signed by Jhonna Diller, managing member, the
Debtor estimated assets and liabilities ranging from $1 million to
$10 million. The Hon. Laurel E. Babero presides over the case. The
Debtor is represented by Ryan A. Anderson, Esq. of Andersen Law
Firm, Ltd.


CCS ONCOLOGY: May Use Cash Collateral for Telephone Service
-----------------------------------------------------------
The Hon. Michael J. Kaplan the U.S. Bankruptcy Court of the Western
District of New York has signed his 31th Emergency Order
authorizing Comprehensive Cancer Services Oncology, P.C. and CCS
Medical, PLLC, to use cash collateral to pay to Hover Networks, for
telephone service, $224.95.

The Interim Hearing on Debtors' Cash Collateral Motion will be
continued to Feb. 6, 2019 at 10:00 a.m.

Bank of America, N.A., the United States and all creditors holding
liens on or claims against cash collateral, are granted roll-over
or replacement liens or rights of setoffs as security to the same
extent, in the same priority, and with respect to the same assets,
as served as collateral for said creditors' prepetition
indebtedness, to the extent of cash collateral actually used during
the pending of the Chapter 11 case. To the extent that the
replacement liens fail to compensate the secured creditors for the
use of cash collateral, they will have, respectively, an
administrative claim under 11 U.S.C. Sec. 507(b).

A full-text copy of the 31th Emergency Order is available at:

              http://bankrupt.com/misc/nywb18-10598-527.pdf

                           About CCS

Comprehensive Cancer Services Oncology, P.C., and CCS Medical,
PLLC, sought Chapter 11 protection (Bankr. W.D.N.Y. Lead Case No.
18-10598 and 18-10599) on April 2, 2018.  In the petitions signed
by Won Sam Yi, president/CEO, CCS estimated at least $50,000 in
assets and $10 million to $50 million in liabilities.

CCS Oncology is a professional corporation operating a practice of
medical and radiological oncology treatment, with offices in
Orchard Park, Frankhauser, Niagra Falls, Kenmore, and Lockport. CSS
Medical is a provider of primary care and specialty medicine
services currently operating at Orchard Park, Delaware Avenue, and
Youngs.  CCS Oncology is the sole member of CCS Medical.

Judge Michael J. Kaplan is the case judge.

Arthur G. Baumeister, Jr., Esq., of Baumeister Denz LLP, served as
the Debtors' counsel.

Joseph J. Tomaino of Grassi Healthcare Advisors LLC was appointed
patient care ombudsman.

Mark Schlant was named Chapter 11 trustee.  The Trustee hired
Zdarsky Sawicki & Agostinelli LLP, as counsel.


CHAMINADE UNIVERSITY: Moody's Cuts $22MM Bonds to Ba3, Outlook Neg
------------------------------------------------------------------
Moody's Investors Service has downgraded Chaminade University of
Honolulu (HI) to Ba3 from Ba2, affecting approximately $22 million
of bonds outstanding. The bonds, fully maturing in 2045, were
issued through the Hawaii Department of Budget and Finance. The
outlook remains negative.

RATINGS RATIONALE

The downgrade to Ba3 from Ba2 reflects Chaminade's large 10%
unexpected decline in full-time equivalent enrollment in fall 2018,
following a similar sized decline in fall 2017. While fiscal 2018
operating performance was only modestly weaker than fiscal 2017,
the impact of enrollment declines on net tuition revenue is
expected to lead to deficit operations in fiscal 2019. The
university has a thin $8 million of unrestricted liquidity to
weather a sustained period of operating deficits.

Chaminade's Ba3 reflects its small scope of operations but with
program diversification which helps cushion against pressure in any
given market segment. Management has to date consistently adjusted
expenses to match revenues, but this will be more difficult if such
severe enrollment declines continue. The rating also considers the
university's high revenue reliance on student charges, limited
financial flexibility due to weak balance sheet reserves cushioning
debt and expenses, and a highly competitive student market.

RATING OUTLOOK

The negative outlook reflects the possibility of further downgrade
if the university is not able to return to an operating surplus by
fiscal 2020, or if the projected fiscal 2019 deficit is materially
worse than anticipated and leads to a sizeable decline in
unrestricted liquidity. The outlook also reflects the difficulties
that lie in stabilizing enrollment.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Significant growth of spendable cash and investments and
liquidity

  - Sustained, stable enrollment with growth in net tuition
revenues

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Material decline in unrestricted liquidity

  - Substantially weaker operating performance than anticipated in
fiscal 2019

  - Failure to stabilize enrollment by fall 2019

LEGAL SECURITY

The bonds are unconditional obligations of the university, secured
by a pledge of gross revenues as well as a negative mortgage pledge
on the university's facilities. There is one financial covenant
associated with the Series 2015A and 2015B bonds. The university is
required to maintain debt service coverage of 1.15x, with 3.4x
reported for fiscal 2018. The bonds are also secured by a cash
funded debt service reserve fund.

PROFILE

Chaminade University of Honolulu is a small private Marianist
Catholic University located in Honolulu. It reported 1,757
full-time equivalent students in fall 2018 and $47.9 million of
operating revenue in fiscal 2018. The university was founded in
1955 and is the only Catholic university in the state of Hawaii.


CHECKOUT HOLDING: Creditors Overwhelmingly Vote for Plan
--------------------------------------------------------
BankruptcyData.com reported that the claims agent of Checkout
Holding, et al., notified the Court of the results of Plan voting.
Two voting classes were entitled to vote on the Plan and each of
them voted to accept.

The Debtors' Plan provides that each of the classes will receive
their pro rata share of the emerged Company's New Common Stock.
Holders of first lien debt claims (holding approximately $1.075
billion in debt) will receive 90% of that equity and an estimated
recovery of 17.4%-43.6%. Holders of second lien debt claims ($472
million in debt) will receive 10% of that equity and an estimated
3.8%-9.5% recovery.

Voting Results

Class 3 ("First Lien Debt Claims") -- 203 claims holders,
representing $871,017,758.76 (or 100%) in amount and 100% in
number, accepted the Plan.

Class 4 ("Second Lien Debt Claims") -- 55 claims holders,
representing $371,452,493.87 (or 92.53%) in amount and 98.21% in
number, accepted the Plan. 1 claim holder, representing
$30,000,000.00 (or 7.47%) in amount and 1.79% in number, rejected
the Plan.

Summary of Impaired Classes

Class 3 ("First Lien Debt Claims") was impaired and entitled to
vote on the Plan. The total of claims in this class is
$1,075,545,556.48 (minus the aggregate amount of the DIP Facility
Roll-Up Loans) and each holder shall be entitled to receive its pro
rata share of 90% of the New Common Stock issued on the effective
date (subject to dilution by the Management Incentive Plan).
Estimated recovery is 17.4%-43.6%.

Class 4 ("Second Lien Debt Claims") was impaired and entitled to
vote on the Plan. Each holder shall be entitled to receive its pro
rata share of 10% of the New Common Stock issued on the Effective
Date (subject to dilution by the Management Incentive Plan). The
total of claims in this class is $471,987,841.37 and estimated
recovery is 3.8%-9.5%.

BankruptcyData noted that the Disclosure Statement states, "The
Restructuring will leave the Debtors' businesses intact and will
substantially deleverage the Debtors' capital structure. The
Debtors' balance sheet liabilities will be reduced from
approximately $1.9 billion in secured and unsecured debt to
approximately $281 million in secured debt, which represents a
reduction of debt on the Effective Date of over 85% relative to the
Petition Date. This deleveraging will enhance the Debtors'
long-term growth prospects and competitive position and allow the
Debtors to emerge from the Chapter 11 Cases as a stronger company,
better positioned to deliver value to its customers. The Plan
contemplates the distribution of New Common Stock to the Debtors'
prepetition secured lenders (90% on account of Allowed First Lien
Debt Claims and 10% on account of Allowed Second Lien Debt Claims,
each subject to dilution by the Management Incentive Plan) and no
impairment to the Debtors' other creditors, except the NCS
Rejection Claims and the General Unsecured PDM Claims."

                        About Catalina

Catalina Marketing Corp. -- https://www.catalina.com/ -- is a
personalized digital media and marketing company that owns and
operates a proprietary dual function in-store data-gathering
network and promotion-publishing channel.  Catalina's customers are
some of the world's largest retailers and manufacturers of
consumer-packaged goods.  Through the application of its
proprietary analytics systems, Catalina uses a shopper purchase
database and real-time retailer data to make accurate predictions
about shoppers' future purchasing behaviors based on not only
historical purchasing behaviors, but also on emerging trends in
consumer behavior.  Formed in 1983, Catalina is based in St.
Petersburg, Florida, with operations in the United States, Europe
and Japan.

In 2007, entities affiliated with Hellman & Friedman LLC, a private
equity firm with a focus on information services and media, through
its wholly owned subsidiary, Checkout Holding Corp., acquired
Catalina.  In 2014, funds affiliated with Berkshire Partners LLC, a
Boston-based investment firm and certain third-party co-investors,
acquired a controlling interest in Catalina.  Berkshire currently
holds 40.71% of all the outstanding common stock of Catalina's
ultimate parent PDM Group Holdings.

Catalina Marketing Corporation and 10 affiliates, including parent
Checkout Holding Corp., sought Chapter 11 protection on Dec. 12,
2018 with a prepackaged plan that would reduce debt by $1.6
billion.  The lead case is In re Checkout Holding Corp. (Bankr. D.
Del. Case No. 18-12794).

Catalina disclosed funded debt of $1.9 billion as of the bankruptcy
filing.  Assets are in the range of $1 billion to $10 billion.

The Hon. Kevin Gross is the case judge.

Weil, Gotshal & Manges LLP is serving as legal counsel, Centerview
Partners LLC is serving as financial advisor and FTI Consulting is
serving as restructuring advisor to Catalina.  Richards, Layton &
Finger, P.A., is the local counsel.  Prime Clerk LLC is the claims
agent.

Jones Day is counsel to the Consenting First Lien Lenders.

Paul, Weiss, Rifkind, Wharton & Garrison LLP is counsel to the
Consenting Second Lien Lenders.


CHESTNUT INVESTMENTS: Case Summary & 16 Unsecured Creditors
-----------------------------------------------------------
Debtor: Chestnut Investments, Inc.
        301 Meridian Dr
        Redwood City, CA 94065

Business Description: Chestnut Investments, Inc. is a lessors of
                      real estate headquartered in Redwood City,
                      California.

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Case No.: 19-20560

Judge: Hon. Christopher D. Jaime

Debtor's Counsel: John E. Stringer, Esq.
                  LAW OFFICE OF JOHN E. STRINGER
                  259 Oak St
                  San Francisco, CA 94102
                  Tel: 415-999-4278
                  E-mail: nolojes@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Hiu Ning Angela Chan, CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 16 unsecured creditors is available for free
at:

           http://bankrupt.com/misc/caeb19-20560.pdf


CIP INVESTMENT: Has Authority to Use Cash Collateral Until Feb. 28
------------------------------------------------------------------
The Hon. Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas granted CIP Investment Properties, LLC authority
to use cash collateral in the ordinary course of business through
Feb. 28, 2019.

A final hearing on Debtor's Cash Collateral Motion will be held on
Feb. 14, 2019 at 1:30 p.m.

Farm Bureau Life's ("FBL") and Debtor are parties to a Promissory
Note, Mortgage, Assignment of Rents, Guaranty and an Assignment and
Assumption Agreement. As security for repayment of the Pre-Petition
Loan Indebtedness, the Debtor granted FBL a security interest in,
and liens upon, certain personal property, income and accounts
receivables as evidenced by the security instruments filed by FBL.

The Debtor's interim use of cash collateral is expressly
conditioned upon the following:

     (a) Without prior approval of the Court or the express written
consent of FBL Debtor will pay the reasonable amounts which are
actual, necessary expenses in the operation of its business.
However, in no event should cash collateral in this period be used
to pay pre-petition claims or obligations, other secured claims, or
obligations to insiders unless specifically authorized by separate
Order from the Court.

     (b) The Debtor and FBL will continue to utilize the existing
Lockbox Agreement that was negotiated in Debtor's 2012 Bankruptcy
case. Rents will be deposited into the Lockbox and FBL will sweep
the account for its adequate assurance payment and necessary funds
for the tax and insurance escrow. After the sweep, FBL will
transfer the budgeted amount to Debtor for its use. The Debtor
agrees to provide FBL with online access to account to verify
accounts and disbursements.

     (c) As adequate protection for the cash collateral used by
Debtor from and after the commencement of this bankruptcy case, FBL
will be granted replacement liens on, and security interest in the
DIP Accounts and the cash collateral including rents, income,
profits, accounts receivable and accounts, which replacement lien
and security interest as to existing cash collateral categories
will have the same priority, extent and validity as FBL's security
interests or other interests in the cash collateral used by Debtor.


     (d) As further adequate protection, FBL will retain $78,029.54
from the Lockbox on a monthly basis.

     (e) The adequate protection granted in the Interim Order is
without prejudice to FBL seeking further and other adequate
protection during the interim period and/or objecting to the
continued use of cash collateral at a hearing in the future.

     (f) The Debtor will continue to maintain the types and amounts
of insurance on all its property and assets as required by the Loan
Documents.

     (g) The Debtor will pay all budgeted expenses when due and FBL
will be notified of any failure or inability to do so, and all Cash
Collateral, after payment of such expenses as provided for herein
will be sequestered by the Debtor in the Debtor's postpetition
debtor-in-possession operating accounts, subject to any and all of
FBL's lien rights in and to such Cash Collateral, and will not be
used by Debtor without FBL's prior written consent or further Order
of the Court.

     (h) The Debtor will maintain debtor-in-possession accounts in
a form by acceptable by the Office of the U.S. Trustee and will
deposit all cash collateral into the DIP Accounts. FBL will have a
first priority-perfected lien on all DIP Accounts, and the Debtor
will not grant any control agreements to any other party. All Cash
Collateral received by the Debtor and not expended pursuant to the
authorization granted under the Interim Order will be retained by
the Debtor in the DIP Accounts. The Debtor will not open or utilize
any other accounts without the prior written consent of the Bank
and the US Trustee. All funds in the DIP Accounts will be subject
to FBL's replacement liens provided pursuant to the Interim Order.

     (i) Throughout the interim period, Debtor will present any
expenses above and beyond the budget to FBL upon receipt. Debtor
and FBL will make good faith efforts to pay these expenses should
there be additional funds leftover in the Lockbox. If Debtor and
FBL cannot agree to payment, Debtor retains the right to present
these expenses to the Court for review.

     (j) Debtor will operate its business in the ordinary course.

A full-text copy of the Interim Order is available at

            http://bankrupt.com/misc/ksb18-22039-132.pdf

                       About CIP Investment

CIP Investment Properties, LLC, a Single Asset Real Estate company
as defined in 11 U.S.C. Section 101(51B), owns an office building
located at East Thorn Drive, Wichita, Kansas.

The Company previously filed for bankruptcy protection (Bankr. D.
Kan. Case No. 12-21952) on July 17, 2012.

CIP Investment Properties again filed a Chapter 11 petition (Bankr.
D. Kan. Case No. 18-22039) in Kansas City on Sept. 28, 2018.  In
the petition signed by David F. Hoff, president/managing member,
the Debtor estimated assets of $10 million to $50 million and debts
of $10 million to $10 million.  Bradley D. McCormack, Esq., at The
Sadler Law Firm, is the Debtor's bankruptcy counsel.


COASTAL STAFFING: Unsecureds Creditors to Get Full Payment
----------------------------------------------------------
Coastal Staffing Services, LLC, filed a First Amended Disclosure
Statement to provide that general unsecured claims, classified in
Class 4, will be paid in full in cash 30 days after the Effective
Date.

Class 3: Secured Tax Claims, to the extent any exist, will be paid
on the Effective Date, and shall include interest from the Petition
Date through the Effective Date at the rate of 1% per month.
Holders of Secured Tax Claims shall retain their liens against
their Collateral until full payment is made on the entirety of
their obligations.

Class 5: Interest Holders will receive equivalent interests in the
Reorganized Debtor, subject to the satisfaction of all obligations
to pay all Allowed Claims as set forth in the Disclosure Statement
and the Plan. Holders of Interests in the Debtor shall receive no
dividends or tax remittances until all Allowed Claims are paid in
full.

The Plan provides for the Reorganized Debtor to continue operating
as a going concern, and the Debtor anticipates that cash-on-hand,
combined with cash flow from ongoing operations, will adequately
fund payments to all constituencies under the Plan. Accordingly,
the Plan is unlikely to be followed by a liquidation or a need for
further financial reorganization and is therefore feasible under
the Bankruptcy Code.

A full-text copy of the First Amended Disclosure Statement dated
January 16, 2019, is available at https://tinyurl.com/ydbjeknt from
PacerMonitor.com at no charge.

           About Coastal Staffing Services, LLC

Based in Sulphur, Louisiana, Coastal Staffing Services --
http://www.teamcss.net/--provides complete employee-related
services for a diverse client base. The company offers safety
management and training services, including OSHA 10 & 30-hour
training, Mock OSHA audits, Safety Staffing Solutions, among
others. It also provides temporary, temporary-to-hire, direct hire,
contract, and payroll employees for its clients. Coastal Staffing
Services handles all the recruiting, screening, employment
verification, payroll, tax filings, liability insurance, worker's
compensation, and unemployment responsibilities.

Coastal Staffing Services filed a Chapter 11 petition (Bankr. W.D.
La. Case No. 17-21088) on November 27, 2017. The petition was
signed by Charles P. Clayton, manager. The case is assigned to
Judge Robert Summerhays. The Debtor is represented by Brian A.
Kilmer, Esq. at Kilmer Crosby & Walker PLLC. At the time of filing,
the Debtor had assets and liabilities estimated at $1 million to
$10 million.


COLFAX CORP: S&P Rates New Sr. Unsec. Notes 'BB+', On Watch Neg.
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Colfax Corp.'s subsidiary CFX Escrow Corp.'s
proposed senior unsecured notes. The '3' recovery rating indicates
S&P's expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery for lenders in the event of a default.

S&P said, "At the same time, we placed our ratings on the proposed
notes on CreditWatch with negative implications to reflect our
negative CreditWatch on Colfax's existing unsecured debt ratings.
We believe that the company will issue the notes in two tranches
for an aggregate amount of about $1.0 billion. We expect that
Colfax will use the proceeds from these notes, in part, to fund its
acquisition of DJO Global Inc.

"Our ratings on Colfax remain on CreditWatch with negative
implications because we expect that the acquisition of DJO will
cause its credit measures to deteriorate substantially following
the close of the transaction. In addition, the company announced
that it intends to conduct a strategic review of its Air and Gas
Handling segment, though the timing and extent of this review is
unclear at this time. Nonetheless, we expect that the company will
pursue its publicly stated goal of reducing its debt leverage
following the close of the DJO acquisition. We also anticipate that
Colfax would use the proceeds from the strategic decisions it makes
for the Air and Gas Handling division for debt reduction rather
than additional acquisitions or shareholder returns.

"We plan to resolve the CreditWatch negative placement when more
information about the company's strategic review of its Air and Gas
Handling segment becomes available."

  RATINGS LIST

  Colfax Corp.
   Issuer Credit Rating       BB+/Watch Neg/--

  New Ratings; CreditWatch Action

  Colfax Corp.
  CFX Escrow Corporation
  Senior Unsecured
   Senior notes due 2024       BB+/Watch Neg
    Recovery Rating            3(55%)
   Senior notes due 2026       BB+/Watch Neg
    Recovery Rating            3(55%)


COMMSCOPE HOLDING: Moody's Lowers CFR to Ba3, Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded CommScope Holding Company,
Inc.'s Corporate Family Rating to Ba3 from Ba2, Probability of
Default Ratings to Ba3 from Ba2, and existing unsecured notes to B1
from Ba3. Moody's also assigned a Ba1 rating to the proposed
secured term loan and secured notes and a B1 to the proposed
unsecured notes. The speculative grade liquidity rating was
downgraded to SGL-2 from SGL-1. The proposed debt will be used to
finance a portion of the $7.4 billion acquisition of ARRIS
International plc and to refinance existing debt. The company also
plans to use approximately $850 million of cash on hand and $1
billion of convertible preferred stock from private equity firm
Carlyle Group to fund the transaction. Existing secured debt is
expected to be repaid at closing at which time their ratings will
be withdrawn.

The downgrade is driven primarily by the increase in leverage and
integration risks associated with the ARRIS acquisition. Management
expects that the acquisition will close with the proposed capital
structure over the next two to four months. Closing is dependent on
the affirmative vote of ARRIS shareholders and regulatory approval.
If the transaction does not close, ratings on the proposed debt
will likely be withdrawn and existing ratings re-evaluated. This
action concludes the review for downgrade initiated on November 8,
2018 when CommScope announced its plans to acquire ARRIS. The
ratings outlook is stable.

RATINGS RATIONALE

The Ba3 corporate family rating reflects high financial leverage
stemming from the ARRIS acquisition, balanced by the combined
companies' scale and leading market positions supplying numerous
telecom, broadband and enterprise connectivity markets. Debt to
EBITDA, pro forma for the acquisition and adding back certain
one-time expenses is over 6x based on trailing September 2018
results. Moody's expects leverage to approach 5x over the next
18-24 months based on management's commitment to repay debt and the
combined businesses' strong cash generating potential. The combined
companies are expected to have modest organic growth over the next
several years as 5G spending ramps up offset by declines in ARRIS's
set-top box business. Performance can however vary significantly in
any given period given the volatile spending patterns of the
combined businesses' large cable and telco customers and evolving
payTV architectures. Although the combined business will be one of
the largest suppliers of wireless telco and cable industry
equipment and connectivity solutions, it will be small relative to
the size of their main customers and will have limited negotiating
leverage.

Proceeds from the proposed debt will be held in escrow until the
acquisition closes. Post-closing, the unrated ABL will have a first
lien pledge on all domestic receivables and inventory; the Ba1
rated secured term loan and secured notes will have a first lien
pledge on all other material domestic assets and two thirds of the
stock of foreign subsidiaries and a second lien pledge on domestic
receivables and inventory. The B1 rating on the unsecured debt
reflects the its effective subordination to the secured debt in the
capital structure.

The stable outlook reflects its expectation that CommScope will pay
down over $1 billion of debt within 18 months of closing. The
ratings could be downgraded if performance deteriorates
significantly or leverage is not on track to get below 5.5x within
the next 12-18 months. The ratings could be upgraded if leverage is
expected to remain under 4.5x and liquidity remains solid.

Post-acquisition, the combined company is expected to have good
liquidity based on an expected $400 million of cash on hand and an
undrawn $1 billion ABL facility as well as Moody's expectation of
free cash flow approaching $700 million over the next year.

The following rating action was taken:

Downgrades:

Issuer: CommScope Holding Company, Inc.

Corporate Family Rating, Downgraded to Ba3 from Ba2

Probability of Default Rating, Downgraded to Ba3-PD from Ba2-PD

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

Issuer: CommScope Technologies LLC

Senior Unsecured Global Notes, Downgraded to B1 (LGD5) from Ba3
(LGD4)

Senior Unsecured Gtd Global Notes, Downgraded to B1 (LGD5) from Ba3
(LGD4)

Issuer: Commscope, Inc.

Senior Unsecured Global Notes, Downgraded to B1 (LGD5) from Ba3
(LGD4)

Senior Unsecured Global Notes, Downgraded to B1 (LGD5) from Ba3
(LGD4)

Confirmations:

Issuer: Commscope, Inc.

Existing Senior Secured 1st Lien Term Loan B, Confirmed at Baa3
(LGD2)

Assignments:

Issuer: Commscope, Inc.

Proposed Senior Secured Gtd Term Loan, Assigned Ba1 (LGD2)

Proposed Senior Secured Gtd Notes, Assigned Ba1 (LGD2)

Proposed Senior Secured Gtd Notes, Assigned Ba1 (LGD2)

Proposed Senior Unsecured Notes, Assigned B1 (LGD5)

Outlook Actions:

Issuer: CommScope Holding Company, Inc.

Outlook, Changed To Stable From Under Review

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

CommScope Holding Company Inc. is the holding company for CommScope
Inc., a supplier of connectivity and infrastructure solutions for
the wireless industry, telecom service and cable service providers
as well as the enterprise market. ARRIS is one of the largest
providers of equipment to the cable television and broadband
industries. Pro forma combined revenues were approximately $11.3
billion for the twelve months ended September 2018.



COMMSCOPE INC: S&P Assigns 'BB' Rating on New $3.8BB Term Loan
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '2'
recovery rating to Hickory, N.C.-based telecommunications equipment
and components provider CommScope Inc.'s proposed seven-year $3.869
billion secured term loan, five-year $1 billion secured notes, and
seven-year $1 billion secured notes. The '2' recovery rating
indicates S&P's expectation for substantial recovery (70%-90%;
rounded estimate: 70%) in the event of a payment default.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating and '5' recovery rating to CommScope's proposed eight-year
$1 billion unsecured notes. The '5' recovery rating indicates our
expectation for modest recovery (10%-30%; rounded estimate: 10%) in
the event of a payment default. The company will use the proceeds
to acquire the equity of ARRIS International PLC, repay ARRIS'
debt, repay CommScope's existing term loan, pay transaction fees,
and settle shares that are part of ARRIS' stock compensation
programs. The company will also issue a new $1 billion asset-based
lending (ABL) facility, which will replace its existing $550
million facility.

"Our 'BB-' issue-level rating on CommScope's existing unsecured
notes remains on CreditWatch with negative implications. When the
transaction closes, we plan to lower our issue-level rating on the
notes to 'B+' and revise our recovery rating to '5' from '4' (the
same recovery rating we assigned to the company's new unsecured
notes). CommScope will repay its existing term loan as part of the
transaction and we will withdraw our ratings on the instrument at
that time.

"Our 'BB-' issuer credit rating and negative outlook on CommScope
Holding Co. Inc., the ultimate parent of the CommScope group,
remain unchanged, reflecting our view that the company will operate
near the limit of its current rating with pro forma S&P Global
Ratings-adjusted leverage in the low-6x area (not including the
$150 million of expected cost savings). We will treat the new $1
billion of convertible preferred equity as debt because we believe
that there could be an incentive for CommScope to eventually
negotiate a redemption using the proceeds from a new debt issuance,
though we do not expect the company to consider this option until
its leverage is closer to management's 3x leverage target. We
expect the company's leverage to fall to the mid-5x area in 2019
and to the high-4x area in 2020. Despite having a higher level of
leverage than its similarly rated peers, we view the company's
commitment to use cash flow for debt repayment rather than share
repurchases as credible given its track record following the
acquisition of Broadband Network Solutions in 2015. We think the
company could realize more than the $150 million of projected cost
savings due to its good track record of cost management and the
modest amount of savings relative to its total cost base."

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's recovery analysis applies to the pro forma capital
structure and results in a secured recovery rating of '2' and an
unsecured recovery rating of '5'.

-- S&P said, "Our simulated default scenario assumes a payment
default occurring in 2023 due to reduced investment in
communication infrastructure by the company's large customers and a
declining commercial and residential construction market during a
global downturn. We also assume slower-than-expected adoption of
advanced communications technologies in emerging markets and
volatile commodity pricing."

-- S&P assumes that CommScope repays $1.5 billion of the term loan
in 2019 and 2020, consistent with its commitment to reduce
leverage, but that the aforementioned default factors preclude
additional debt repayment in 2021 until the default.

-- S&P values the company as a going concern because we believe
that it would likely be reorganized rather than liquidated
following a payment default due to its market position, brand,
customer relationships, and intellectual property.

-- S&P said, "We applied a 6.5x multiple to an estimated
distressed emergence EBITDA of $710 million to estimate a gross
recovery value of $4.6 billion. This multiple is at the higher end
of the 5x-7x range we typically use for technology hardware
companies, given the company's market leading products and customer
relationships, and compares with the 7x multiple we used for legacy
CommScope and the 5.5x multiple we used for ARRIS."

Simulated default assumptions

-- Simulated year of default: 2023
-- EBITDA at emergence: $710 million
-- EBITDA multiple: 6.5x
-- ABL is 60% drawn at default

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $4.4
billion
-- Priority claims (ABL): $610 million
-- Valuation split (obligors/nonobligors): 60%/40%
-- Value available to secured lenders (collateral/noncollateral):
$3.2 billion/$140 million
-- Secured debt claims: $4.5 billion
    --Recovery expectations: 70%-90% (rounded estimate: 70%)
-- Value available to unsecured lenders: $480 million
-- Senior unsecured debt claims: $4.7 billion
    --Recovery expectations: 10%-30% (rounded estimate: 10%)

Note: All debt amounts include six months of prepetition interest.
Collateral value equals asset pledge from obligors less priority
claims plus equity pledge from nonobligors after nonobligor debt.

  Ratings List

  CommScope Holding Co., Inc.
  CommScope Inc.
    Issuer Credit Rating    BB-/Negative/--

  New Rating

  CommScope Inc.
   Senior Secured
    US$1 bil nts due 2024                 BB    
     Recovery Rating                      2(70%)   
    US$1 bil nts due 2026                 BB    
     Recovery Rating                      2(70%)   
    US$3.869 bil Term bank ln due 2026    BB    
     Recovery Rating                      2(70%)  
   Senior Unsecured
    US$1 bil Sr nts due 2027              B+  
     Recovery Rating                      5(10%)


CONSOLIDATED INFRASTRUCTURE: Case Summary & Unsecured Creditors
---------------------------------------------------------------
Debtor: Consolidated Infrastructure Group, Inc.
        11620 Arbor Street, Suite 101
        Omaha, NE 68144

Business Description: Founded in 2016 and headquartered in Omaha,
                      Nebraska, Consolidated Infrastructure Group
                      -- https://ciglocating.com -- provides
                      underground utility and damage prevention
                      services to support others that do
                      underground construction and maintenance.
                      By providing detailed information on what
                      lies beneath the surface, CIG's damage
                      prevention services help protect communities
                      from damage that could otherwise occur when
                      utilities, other companies, or individuals
                      dig underground.  CIG provides a full
                      spectrum of outsourced utility asset damage
                      prevention services and solutions to
                      electric, gas, water, sewer, cable, and
                      telecom companies throughout North America.
                      CIG's customers are well known telecom and
                      utility companies, and include or have
                      included companies such as AT&T, Cox
                      Communications, Comcast, and the Northern
                      Indiana Public Service Company.

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Case No.: 19-10165

Judge: Hon. Brendan Linehan Shannon

Debtor's Counsel: Daniel J. DeFranceschi, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square, P.O. Box 551
                  Wilmington, DE 19899
                  Tel: 302 651-7700
                  Fax: 302-651-7701
                  E-mail: defranceschi@rlf.com

                    - and -

                  Brett Michael Haywood, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  920 North King Street
                  P.O. Box 551
                  Wilmington, DE 19899
                  Tel: 302-651-7700
                  Fax: 302-651-7701
                  E-mail: haywood@rlf.com

                    - and -

                  Paul Noble Heath, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square
                  P.O. Box 551
                  Wilmington, DE 19899
                  Tel: 302-651-7700
                  Fax: 302-651-7701
                  E-mail: heath@rlf.com

                    - and -

                  Megan Kenney, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square, P.O. Box 551
                  Wilmington, DE 19899
                  Tel: 302-651-7700
                  Fax: 302-651-7701
                  E-mail: kenney@rlf.com

                    - and -

                  Zachary I. Shapiro, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  920 North King Street, P.O. Box 551
                  Wilmington, DE 19801
                  Tel: 302-651-7700
                  Fax: 302-651-7701
                  E-mail: shapiro@rlf.com
                 
                      - and -

                  Russell C. Silberglied, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square
                  920 North King Street
                  Wilmington, DE 19801
                  Tel: 302-651-7700
                  Fax: 302-651-7701
                  E-mail: silberglied@rlf.com

Debtor's
Financial
Advisor &
Investment
Banker:           GAVIN/SOLMONESE LLC

Debtor's
Claims &
Noticing
Agent:            OMNI MANAGEMENT GROUP
                  https://is.gd/MDTEGC

Total Assets as of Dec. 31, 2018: $11.6 million

Total Liabilities as of Jan. 30, 2019: $9 million

The petition was signed by Michael G. Johnson, president.

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

           http://bankrupt.com/misc/deb19-10165.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
USIC LLC                           Litigation Claim        Unknown
9045 North River Rd., Suite 300
Indianapolis, IN 46240
Jim O'Malley
Tel: 317-575-7800

Blue Cross Blue Shield Nebraska       Insurance            Unknown
17445 Arbor Street, Suite 300
Omaha, NE 68180
Nate Berger
Tel: 402-330-8700

AT&T                                Damages Claim          Unknown
420 S. Grand Ave., RM 1500
Los Angeles, CA 90071
Marshall Johnson
Tel: 213-633-3122

Comcast Cable Communications        Damages Claim          Unknown
Management LLC
183 Inverness Drive
West Englewood, CO 80112
Anthony Jelniker
Tel: 720-413-0041

Automotive Rentals, Inc.            Trade Payable       $1,473,755
4001 Leadenhall Road
PO Box 5039
Mt. Laurel, NJ 08054
Pam Carey
Tel: 856-722-8608

AFS Ibex Financial Services, Inc.     Insurance         $1,213,921
1301 Dove Street, Suite 100            Premium
Newport Beach, CA 92660               Financing
Billy Barnes
Tel: 800-347-4986

Ogletree, Deakins,                    Litigation          $947,449
Nash, Smoak &
Stewart, P.C.
155 North Wacker Drive
Suite 4300
Chicago, IL 60606
John Dickman
Tel: 312-558-1255

Data Integration, Inc.              Trade Payable         $116,219
1050 Parkway
Industrial Park Drive, Suite 100
Buford, GA 30518
Chris Richardson
Tel: 770-614-2115

Calamp Wireless Networks            Trade Payable          $63,429
Corporation
1401 N Rice Avenue
Oxnard, CA 93030
Thuy Le
Tel: 805-987-9000

Barnes & Thornburg LLP              Legal Services         $45,761
11 South Meridian Street
Indianapolis, IN 46204
John R. Maley
Tel: 317-236-1313

Crawford & Winiarski                Legal Services         $37,945
535 Griswold
Suite 1500
Detroit, MI 48226
Rodney Crawford
Tel: 313-965-9700

FTI Consulting, Inc.              Consulting Services      $35,178
PO Box 418005
Boston, MA 02241
Bryan Lee
Tel: 312-428-2635

Pillsbury Winthrop Shaw             Legal Services         $24,108
Pittman
1200 Seventeenth Street, NW
Washington, D 20036
Peter Gillon
Tel: 202-663-8000

CR3 Partners                       Advisory Services       $11,274
13355 Noel Road, Suite 310
Dallas, TX 75240
Tom O'Donoghue
Tel: 847-778-3965

Kutak Rock LLP                       Legal Services        $10,744
1650 Farnam Street
Omaha, NE 68102
Michael Degan
Tel: 402-346-6000

Water's Family                        Trade Payable        $10,632
Investments, LLC
137 Aspen Square
Denham Springs, LA 70726
Aimee Maxwell
Tel: 225-769-2698

Candlewood                            Trade Payable         $7,402
Suites Denham Spring
246 Rushing Road
West Denham
Springs, LA 70726
Kawanda Colligan
Tel: 225-271-0300

CPG Oxmoor, LLC                       Trade Payable         $6,620
4100 Carmel Road, B-156
Charlotte, NC 28226
Kimberly Rothwell
Tel: 704-724-3222

Hemphill Search Group, Inc.           Trade Payable         $6,320
1010 South 120th
Street, Suite 310
Omaha, NE 68154
Jeff Kovar
Tel: 402-334-4841

Equity Risk Partners                     Insurance          $5,817
456 Montgomery Street
Suite 1200
San Francisco, CA 94104
Lincy Kaczka
Tel: 415-874-7168


CONTINENTAL WHOLESALE: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Continental Wholesale Diamonds LLC as of
Jan. 30, according to a court docket.

                    About Continental Wholesale

Continental Wholesale --
https://www.continentalwholesalediamonds.com -- is a wholesale
jewelry manufacturer that has previously sold exclusively to fine
jewelry stores across the country. Continental Wholesale Diamonds
now offers certified diamonds, engagement rings, wedding bands,
diamond stud and hoop earrings and gold and silver designer jewelry
at wholesale prices.

Continental Wholesale Diamonds LLC filed a Chapter 11 petition
(Bankr. M.D. Fla. Case No. 18-11002) on Dec. 24, 2018.  In the
petition signed by Andrew Meyer, authorized representative, the
Debtor estimated $1 million to $10 million in assets and $1 million
to $10 million in liabilities.  The case is assigned to Judge
Catherine Peek McEwen.  The Debtor is represented by James W.
Elliott, Esq. at McIntyre Thanasides BringGold.


CUSTOM AIR DESIGN: Taps Sawyer & Latimer as Accountant
------------------------------------------------------
CAD Inc. received approval from the U.S. Bankruptcy Court for the
Southern District of Florida to hire Sawyer & Latimer P.A. as its
accountant.

The firm will assist the Debtor with tax preparation and will
provide tax and accounting advice as needed.

Tom Sawyer, the accountant who will be providing the services,
disclosed in a court filing that he and his firm do not represent
any interest adverse to the Debtor and its bankruptcy estate.

Sawyer & Latimer can be reached through:

     Tom Sawyer
     Sawyer & Latimer P.A.
     1400 East Oakland Park Blvd., Suite 102
     Fort Lauderdale, FL 33334
     Phone: +1 954-491-7233    

                          About CAD Inc.

CAD Inc., which conducts business under the name Custom Air Design,
Inc., is an air conditioning contractor in Wellington, Florida.   

CAD sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Fla. Case No. 18-23754) on Nov. 5, 2018.  In the
petition signed by Robert Anderson, president, the Debtor disclosed
$416,521 in assets and $1,445,051 in liabilities.  

Judge Mindy A. Mora oversees the case.  The Debtor tapped Sue
Lasky, PA, as its legal counsel.  

No official committee of unsecured creditors has been appointed in
the Debtor's case.


CYN RESTAURANTS: March 27 Plan Confirmation Hearing
---------------------------------------------------
The Bankruptcy Court approves the amended disclosure statement of
Cyn Restaurants, LLC.

March 27, 2019 at 2:00 PM is fixed as the hearing date to consider
Confirmation of the Chapter 11 Plan, at 157 Church Street, 18th
Floor, Courtroom, New Haven, Connecticut.

March 1, 2019 is fixed as the last day for returning written
ballots of acceptance or rejection of the Plan.

Written objections to the Plan, will be filed with the court no
later than March  13, 2019.

Under the latest plan, the Debtor will pay Class 2 general
unsecured creditors 25% of their allowed claims over a period of 84
months with payments commencing 60 days after the effective date of
the plan. The total monthly payment amount would equal $119 for the
entire class paid at least on a quarterly basis. Payments will
commence 60 days after the effective date of the plan.

The initial plan proposed to pay general unsecured creditors only
15% of their allowed claims with monthly payment of $198.26.

A copy of the First Amended Disclosure Statement is available at
https://tinyurl.com/y8gjgqjp from Pacermonitor.com at no charge.

                  About Cyn Restaurants

Based in Shelton, Connecticut, Cyn Restaurants LLC is engaged in
the business of the operation of a restaurant known as Stone's
Throw located at 337 Roosevelt Drive, Seymour, CT.

Cyn Restaurants filed a Chapter 11 petition (Bankr. D. Conn. Case
No. 18-30185) on Feb. 5, 2018.  In the petition signed by Peter
Hamme, the Debtor estimated $100,000 to $500,000 in assets and
$500,001 to $1 million in liabilities.  James M. Nugent, Esq., at
Harlow, Adams & Friedman, P.C., is the Debtor's counsel; and Sound
Coaching, Inc., as its accountant.


DELUXE ENTERTAINMENT: Moody's Cuts CFR to B3, Outlook Negative
--------------------------------------------------------------
Moody's Investors Service downgraded Deluxe Entertainment Services
Group, Inc.'s Corporate Family Rating to B3 from B2 and Probability
of Default Rating to B3-PD from B2-PD. In connection with this
rating action, Moody's also downgraded Deluxe's $849.6 million
outstanding senior secured term loan to B3 from B2. The rating
outlook was revised to negative from stable.

Following is a summary of the rating actions:

Downgrades:

Issuer: Deluxe Entertainment Services Group, Inc.

Corporate Family Rating, Downgraded to B3 from B2

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

Senior Secured Term Loan (includes $75 Million Add-On) due February
2020, Downgraded to B3 (LGD4) from B2 (LGD4)

Outlook Actions:

Issuer: Deluxe Entertainment Services Group, Inc.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The ratings downgrade reflects the company's elevated financial
leverage and limited prospect for deleveraging over the rating
horizon given the lack of positive free cash flow generation and
ongoing need to fund operating losses and investing activities with
borrowings. From year end 2016 through LTM 30 September 2018, debt
on a Moody's adjusted basis has risen 19% to $1.15 billion while
Moody's adjusted EBITDA decreased 24% to $132 million (includes
approximately $76 million of Moody's recognized non-standard
addback adjustments) resulting in financial leverage of 8.75x
(Moody's adjusted). Moody's expects the quality of EBITDA to remain
challenged and leverage to stay at the high end of the 7x-9x band
over the rating horizon. Cash flow from operations and free cash
flow at LTM 30 September 2018 were negative $36 million and
negative $108 million, respectively. Deluxe is currently in the
process of restructuring its business through efficiency
enhancements and increased automation by developing a cloud-based
B2B self-service platform called Deluxe One.

The downgrade also takes into account Deluxe's highly cyclical
business profile derived from its significant customer
concentration and exposure to post-production and advertising
budgets of leading traditional film studios and television
networks, which typically exhibit seasonality or contraction during
economic/industry weakness. Deleveraging has been challenged due to
weakening EBITDA and negative cash flows arising from fewer wide
release volumes, cancellation and/or delays of certain movie
projects, lower distribution volumes as a result of fewer key title
releases, secular decline in consumer demand and pricing for
physical media (i.e., DVD/Blu-ray sales), advertising spend
slowdown at big ad agencies and mix shift towards lower margin
businesses (i.e., Localization and Visual Effects). Moody's expects
the continued business restructurings and reshaping of the business
model will cause Deluxe's debt protection measures to remain under
pressure and weakly positioned in the B3 category.

The B3 rating is supported by Deluxe's position as a leading global
provider offering the broadest range of outsourced media supply
chain services including digital content creation,
media/distribution and asset management to feature film studios and
media companies. Its long-term customer relationships are
buttressed by 3-5 year contracts, principally with major accounts.
Deluxe also benefits from somewhat high switching costs given its
technical expertise, preferred vendor status, scale and global
asset base. Moody's believes there will be opportunities to expand
and extend its services to existing and new clients as the media
industry undergoes transformation and filmmakers and broadcasters
look to outsource more functions to reduce costs. Additionally, the
company's recent acquisition of Atomic Fiction has positioned
Deluxe for growth in visual effects for feature film and high-end
episodic content.

Over the coming year, Moody's expects the company will maintain
weak liquidity, produce negative free cash flow and rely heavily on
its $115 million ABL credit facility and $50 million unsecured
revolving credit/equity line provided by the private equity
sponsor. Moody's also expects covenant cushions to remain tight
over the next 12 months.

Rating Outlook

The negative rating outlook reflects its expectation that Deluxe
will continue to experience weak debt protection measures given the
challenging business environment across many of its core segments
combined with the associated cash costs to achieve its planned
restructuring program that, over the near-term, will offset the
benefits from run-rate cost savings. The negative outlook also
considers management's failure to meet its 2018 budget by a
significant margin, tight cushions under the leverage covenant with
the possibility of a covenant breach over the near-term plus
weakening liquidity exacerbated by negative free cash flow
generation. It also embeds the inherent cyclicality of the business
and Moody's expectation that Deluxe will experience a period of
EBITDA contraction before stabilization occurs in 2020.

Factors That Could Lead to an Upgrade

  - Moody's expectation that Deluxe will sustain total debt to
EBITDA near 6x (Moody's adjusted), positive free cash flow to debt
at or greater than 3% (Moody's adjusted) and cash balances at or
better than forecasted levels.

  - Evidence of: (i) profitable revenue growth in core segments;
(ii) meeting or exceeding management's financial projections; (iii)
limited pricing pressure and growth in release volumes; and (iv)
margin expansion.

  - Management would also need to demonstrate a commitment to
balance debtholder returns with those of its shareholders and
exhibit operating performance and financial policies consistent
with a higher rating.

Factors That Could Lead to an Downgrade

  - Deluxe's market share were to erode in its key markets (i.e.,
Digital Cinema, Digital Fulfillment, TV, 2D-3D Conversion, Visual
Effects, Digital Intermediates, Localization and Editorial) and
operating performance were to weaken.

  - Moody's expectation that management intends to sustain leverage
above 8.75x total debt to EBITDA (Moody's adjusted), negative free
cash flow generation and diminished liquidity.

  - Inability to reduce leverage sufficiently to refinance the term
loan in an orderly fashion prior to its February 2020 maturity.

  - Cash distributions to private equity shareholders that weaken
liquidity or increase leverage.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Headquartered in Burbank, CA and privately-owned, Deluxe
Entertainment Services Group, Inc. is leading global provider of
end-to-end media supply chain solutions with a focus on digital
content creation (post-set production and post-production),
media/distribution (for various file formats and across multiple
platforms) and asset management to motion-picture studios,
television/cable-TV networks, online video providers, advertising
agencies and enterprise customers through its Delivery Solutions
and Creative Services businesses. Deluxe is an indirect
wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc.
Revenue totaled approximately $980 million for the twelve months
ended 30 September 2018.



DESERT LAND: Adds 3 Classes of Claims to 2nd Amended Plan
---------------------------------------------------------
Desert Land, LLC, Desert Oasis Apartments, LLC, Desert Oasis
Investments, LLC and SkyVue Las Vegas, LLC, filed a second amended
disclosure statement to add three more classes of claims --
Non-Insider Desert Apartments Unsecured Claims (Class 8),
Non-Insider Desert Land Unsecured Claims (Class 9), and Equity
Interests in the Desert Land, Desert Investments and Desert
Apartments (Class 11).

Class 7 - Non-Insider Desert Land Unsecured Claims. Class 7
consists of unsecured claims held by non insiders against Desert
Land. The holders of Allowed Class 7 Claims shall be Impaired, and
shall receive a Promissory Note in the amount of their Claim which
shall provide for interest at the rate of 8% per annum from the
Confirmation Date until paid in full. Payment on the promissory
note shall be made after the payment of holders of claims secured
by property of Desert Land, priority creditors and a reserve for
administrative expenses. Until the Initial Distribution Date,
holders of allowed Class 7 Claims will not receive any payments. In
the event no sale is made or in the event that the sale is in an
amount insufficient to pay all non-insider creditors in full, the
payments will be made only to creditors of each Reorganized debtor
from the assets available to each Reorganized Debtor to the
creditors of such Reorganized Debtor.

Class 8 - Non-Insider Desert Apartments Unsecured Claims. Class 8
consists of unsecured claims held by non insiders against Desert
Apartments. The holders of Allowed Class 8 Claims shall be
Impaired, and shall receive a Promissory Note in the amount of
their Claim which shall provide for interest at the rate of 8% per
annum from the Confirmation Date until paid in full. Payment on the
promissory note shall be made after the payment of holders of
claims secured by property of Desert Land, priority creditors and a
reserve for administrative expenses. Until the Initial Distribution
Date, holders of allowed Class 8 Claims will not receive any
payments. In the event no sale is made or in the event that the
sale is in an amount insufficient to pay all non-insider creditors
in full, the payments will be made only to creditors of each
Reorganized debtor from the assets available to each Reorganized
Debtor to the creditors of such Reorganized Debtor.

Class 9 - Non-Insider SkyVue Unsecured Claim.  Class 9 consists of
unsecured claims held by non insiders against SkyVue. The holders
of Allowed Class 9 Claims shall be Impaired, and shall receive a
Promissory Note in the amount of their Claim which shall provide
for interest at the rate of 8% per annum from the Confirmation Date
until paid in full. Payment on the Initial promissory note shall be
made after the payment of holders of claims secured by property of
Desert Land, priority creditors and a reserve for administrative
expenses. Until the Initial Distribution Date, holders of allowed
Class 9 Claims will not receive any payments. In the event no sale
is made or in the event that the sale is in an amount insufficient
to pay all non-insider creditors in full, the payments will be made
only to creditors of each Reorganized debtor from the assets
available to each Reorganized Debtor to the creditors of such
Reorganized Debtor.

Class 10 - Insider Unsecured Claims. Class 10 consists of the
unsecured claims of insiders against the Desert Land and Desert
Apartments. The holders of Allowed Class 10 Claims shall be
impaired, and shall receive payment of their claims on the Initial
Distribution Date after the payment of holders of Promissory Notes
issued to holders of claims in Classes 1 through 9, priority
creditors and a reserve for administrative expenses. Until the
Initial Distribution Date, holders of allowed Class 10 Claims will
not
receive any payments.

Class 11 - Equity Interests in the Desert Land, Desert Investments
and Desert Apartments are unimpaired. Class 11 consists of all
Equity Interests in the three subsidiary Debtors-Desert Land,
Desert Investment and Desert Apartments held directly or indirectly
by SkyVue and by Bruce Bulloch. The holders of equity interests
shall retain their equity interests in the same proportions as the
held on the Petition Date. The holders of Equity shall be
Unimpaired, and shall receive payment only after the payment of
holders of Promissory Notes issued to holders of claims in Classes
1 through 10.  Distributions to Class 11 are governed by their
respective Operating Agreements.

SkyVue is the 99.5% owner of Desert Land and Desert Apartments.
Desert Land is the 100% owner of Desert Investments. Desert Land,
Desert Apartments and Desert Investments own an aggregation of
38.475 net acres of land generally located at the southeast corner
of Las Vegas Boulevard South and East Mandalay Bay Road, Las Vegas,
Clark County, Nevada which has been appraised for $385,000,000 as
of January 16, 2019. The Debtors, with Court approval by Order
entered October 15, 2018, have employed Colliers International as
their sales agent and have agreed that the property should be sold
for approximately $10,500,000 per acre which would result in a
purchase price of approximately $400,000,000 for the Assets.

Recently, 17.71 acres of property on Southeast corner of Four
Seasons Dr. and S. Las Vegas Blvd. has been listed for sale with an
asking price of $10 million per acre. This property is further
south along Las Vegas Blvd, is closer to the McCarran Airport
runways and has more restrictive height limitations than the
Debtors’ property. The monies owed by related parties which are
listed in the accounting records of the Debtors value is affected
by the fact that these entities most significant asset is there
equity interest in SkyVue which is totally dependent on the value
of the Assemblage.

The Debtors' Schedules list substantial amounts of money due from
the insiders, particularly Compass Investments, LLC, Citation
Financial, LLC, Howard Bulloch, David Gaffin and from each other,
which are subject to offsets (monies owed to some of the same
insiders by Debtors). Since the main asset of these non-Debtor
insiders who owe money to any of the Debtors is their direct or
indirect interest in the Equity of the Debtor, the managers of the
Debtors have determined that the bulk any money owed to Debtors is
either offset by monies owed by Debtors or uncollectible until and
unless the Assets are sold for more than the secured debt. Under
the Plan, insider creditors (including those who may owe monies to
the Debtors) will not be paid until and unless all non-insider
creditors are paid. Under the Plan, there is no discharge or
release of any debts which may be owed to the Debtors by insiders.
The managers of the debtors do not intend to request payment from
insiders unless there are insufficient funds from the sale of
Assets to pay the Claims non-insider creditors in full.

A redlined version of the Second Amended Disclosure Statement dated
January 16, 2019, is available at https://tinyurl.com/y7z3x6vw from
PacerMonitor.com at no charge.

                      About Desert Land

On April 30, 2018, Tom Gonzales commenced an involuntary petition
for relief under Chapter 7 of the Bankruptcy Code against Desert
Land, LLC. The petitioning creditor was Bradley J. Busbin, as
trustee of the Gonzales Charitable Remainder Unitrust One. Jamie P.
Dreher -- jdreher@downeybrand.com -- of Downey Brand LLP represents
the Trustee.

The court ordered the conversion of the Chapter 7 case to a case
under Chapter 11 on June 28, 2018 (Bankr. D. Nevada, Lead Case No.
18-12454).  The Debtor's affiliates are Desert Oasis Apartments
LLC, Desert Oasis Investments, LLC, and Skyvue Las Vegas LLC.

Schwartzer & McPherson Law Firm serves as the Debtors' counsel.
Curtis Ensign, PLLC, is the special litigation counsel.


DETROIT DDA: S&P Raises Ratings on 1996C/1998B Bonds to 'BB+'
-------------------------------------------------------------
S&P Global Ratings raised its long-term rating to 'BB+' from 'BB'
on the City of Detroit Downtown Development Authority (DDA),
Mich.'s tax-increment revenue bonds, series 1996C and 1998B. The
outlook is stable. The bonds are secured by a senior lien on
tax-increment revenues from the DDA's Development Area No 1.

"The upgrade reflects improved debt service coverage (DSC) to
levels we consider very strong," said S&P Global Ratings credit
analyst John Sauter. The stronger coverage is due to both lower
annual debt service following the recent refunding and
subordination of (formerly) parity debt, and increasing taxable
values (TVs) as the tax base has stabilized since the Great
Recession and is now experiencing good development. The upgrade is
also based on recent bond covenants that have effectively closed
the senior lien.

"The senior DDA obligations benefit from having a first lien on
tax-increment revenues from a strong and stable, well-established
tax base in Detroit's main downtown business district that is
experiencing good development activity," said Mr. Sauter. The tax
base remains heavily concentrated, however, due to the small
geographic footprint, which will remain a rating hindrance. It also
remains vulnerable to declines in valuations that could occur in an
economic downturn, as was experienced through the Great Recession.
There have not been any losses of major taxpayers, however, and DSC
has grown to very strong levels and is likely to remain so, given
our expectation of tax base stability and that the DDA will not
issue additional senior-lien parity debt.

The series 1996C and 1998B bonds are secured by a senior lien on
general tax-increment revenues collected in the DDA's Development
Area No 1.

The DDA created the Development Area No. 1 in 1978 and it has since
been expanded multiple times, most recently in 2013, to reach 729
acres. The area covers Detroit's downtown business district, which
consists mostly of mixed-use office and commercial real estate
properties.

"The stable outlook reflects our expectation that pledged revenues
will continue to provide very strong coverage of annual debt
service," added Mr. Sauter, "supported by our view of the strength
of the local taxing area, which continues to stabilize and
experience development, as well as our expectation that there will
not be additional debt that dilutes coverage." It also reflects
S&P's expectation of fairly consistent tax rates and steady
collection processes.


DOCTORS HOSPITAL: March 6 Plan Confirmation Hearing
---------------------------------------------------
Doctors Hospital at Deer Creek, LLC, filed an immaterially modified
Chapter 11 Plan of Liquidation dated the 16th day of January,
2019.

The Court has approved the Disclosure Statement and the hearing to
consider confirmation of the Plan will be held on March 6, 2019 at
09:30 AM at Courtroom, 2nd Floor, Alexandria. Last day for filing
written acceptances or rejections of the plan is February 25.  Last
day to Object to Confirmation is February 25.

General Unsecured Claims (Class 3). Class 3 General Unsecured
Claims shall consist of all other Allowed Claims against the Debtor
not placed in any other Class. Class 3 shall specifically include
Sabine's unsecured claims. From the Plan Sale, the sum of
$245,682.79 will be subject to a carve-out for the satisfaction of,
inter alia, General Unsecured Claims. However, General Unsecured
Claims will not receive payment until after full satisfaction of
Priority Claims, Administrative Claims. Upon full satisfaction of
the foregoing, General Unsecured Claims will be satisfied on a
pro-rata basis and without interest, using funds remaining from the
Plan Sale carve-out. The Class 3 General Unsecured Claims are
Impaired under the Plan.

Treatment of Administrative Claims: Except to the extent that the
Debtor and the Holder of an Administrative Claim may otherwise
agree in writing, Administrative Claims which are Allowed Claims
prior to the Effective Date of the Plan shall be paid in full on or
before the Effective Date of the Plan. Administrative Claims that
become Allowed Claims after the Effective Date of the Plan shall be
paid in full in cash on or before ten (10) business days following
the date the Administrative Claim becomes an Allowed Claim by Final
Order of the Bankruptcy Court. From the Sale discussed in Article V
of this Plan, the sum of $245,682.79 will be subject to a carve-out
for the satisfaction of, inter alia, Administrative Claims.

Priority Tax Claims: Debtor does not anticipate the assertion of
any Priority Tax Claims. Each holder of an Allowed Priority Tax
Claim (if any exist) will receive payment in Cash sufficient to
satisfy each Allowed Priority Tax Claim, on the Effective Date.
From the Plan Sale discussed in Article V of this Plan, the sum of
$245,682.79 will be subject to a carve-out for the satisfaction of,
inter alia, Priority Tax Claims.

Secured Claims of Sabine State Bank (Class 1). The Class 1 Claims
of Sabine State Bank and Trust Company shall be treated as Secured
Claims under Section 506(b). Debtor and Sabine, pursuant to 11
U.S.C. 506(a) and Rule 3012 of the Federal Rules of Bankruptcy
Procedure, agree and stipulate to the amount of $2,004,317.21 as
the maximum value of Sabine's Secured Claims against Debtor.
Sabine's Secured Claims will be satisfied by proceeds from the sale
of, inter alia, DHDC's physical assets, accounts receivable,
intangible personal property, licenses and leases used exclusively
in connection with the operation of the Hospital, personnel and
medical records, and assignable permits to CLHG-Leesville, LLC or
affiliate for the sum of $2,250,000, free and clear of all claims
and interests, with all liens, including Sabine's.  This sale may
occur by motion prior to confirmation of this Plan. From the
proceeds of the Plan Sale, the sum of $2,004,317.21 will be applied
to satisfy, in full, the Secured Claims of Sabine.

A redlined version the Disclosure Statement dated January 16, 2019,
is available at https://tinyurl.com/y8fddg5r from PacerMonitor.com
at no charge.

             About Doctors Hospital at Deer Creek

Doctors Hospital at Deer Creek -- http://www.dhdc.md/-- is a
proprietary, medicare certified acute care hospital located in
Leesville, Louisiana.  It offers these services: 16-Slice CT,
general radiology, ultrasound, MRI, laboratory, respiratory
therapy, inpatient hospitalization, and outpatient services.  The
hospital opened in November 2007.

Doctors Hospital at Deer Creek sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. La. Case No. 18-81044) on Oct.
18, 2018.  In the petition signed by Dr. Gregory D. Lord,
authorized representative, the Debtor disclosed $7,650,691 in
assets and $9,933,588 in liabilities.  Judge John W. Kolwe presides
over the case.  The Debtor tapped Gold, Weems, Bruser, Sues &
Rundell, APLC, as its legal counsel.


DOUBLE JUMP: Voluntary Chapter 11 Case Summary
----------------------------------------------
Seven affiliates that have filed voluntary petitions seeking relief
under Chapter 11 of the Bankruptcy Code:

    Debtor                                           Case No.
    ------                                           --------
    Double Jump, Inc.                                19-50102
    200 S. Virginia, 8th Floor
    Reno, NV 89501

    Dora Dog Properties, LLC                         19-50103
    Dog Blue Properties, LLC                         19-50104
    Brandy Boy Properties, LLC                       19-50105
    475 Channel Road, LLC                            19-50106
    Park Road, LLC                                   19-50108
    140 Mason Circle, LLC                            19-50109

Business Description: Double Jump and its subsidiaries are
                      privately held companies engaged in
                      activities related to real estate.

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       District of Nevada (Reno)

Debtor's Counsel: Candace C. Carlyon, Esq.
                  CLARK HILL, PLLC
                  3800 Howard Hughes Pkwy, Ste 500
                  Las Vegas, NV 89169
                  Tel: (702) 862-8300
                  Fax: (702) 862-8400
                  Email: ccarlyon@clarkhill.com

Double Jump's
Estimated Assets: $1 billion to $10 billion

Double Jump's
Estimated Liabilities: $0 to $50,000

The petition was signed by Jeffrey Carpoff, president.

Double Jump stated it has no unsecured creditors.

A full-text copy of Double Jump's petition is available for free
at: http://bankrupt.com/misc/nvb19-50102.pdf


EASTMAN KODAK: Franklin Mutual No Longer Owns Common Shares
-----------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, Franklin Mutual Advisers, LLC reported that as of Dec.
31, 2018, it has ceased to beneficially own shares of common stock
of Eastman Kodak Company.  A full-text copy of the regulatory
filing is available for free at https://is.gd/Vx0OtT

                       About Eastman Kodak

Kodak is a technology company focused on imaging.  The Company
provides -- directly and through partnerships with other innovative
companies -- hardware, software, consumables and services to
customers in graphic arts, commercial print, publishing, packaging,
electronic displays, entertainment and commercial films, and
consumer products markets.  For additional information on Kodak,
visit kodak.com.  Kodak is headquartered in Rochester, New York.

                           Going Concern

The Company has $395 million of outstanding indebtedness under the
Senior Secured First Lien Term Credit Agreement.  The loans made
under the First Lien Term Credit Agreement become due on the
earlier to occur of (i) the maturity date of Sept. 3, 2019 or (ii)
the acceleration of those loans following the occurrence of an
event of default.  The Company also has issued approximately $85
million and $96 million of letters of credit under the Amended and
Restated Credit Agreement as of Sept. 30, 2018 and Dec. 31, 2017,
respectively.  Should the Company not repay, refinance or extend
the maturity of the loans under the existing First Lien Term Credit
Agreement prior to June 5, 2019, the termination date will occur
under the Amended Credit Agreement on that date unless the Amended
Credit Agreement has been amended in the interim.  Upon the
occurrence of the termination date under the Amended Credit
Agreement, the obligations thereunder will become due and the
Company will need to provide alternate collateral in place of the
letters of credit issued under the Amended Credit Agreement.

As of Sept. 30, 2018 and Dec. 31, 2017, Kodak had approximately
$238 million and $344 million, respectively, of cash and cash
equivalents.  $122 million and $172 million was held in the U.S. as
of Sept. 30, 2018 and Dec. 31, 2017, respectively, and $116 million
and $172 million were held outside the U.S. Cash balances held
outside the U.S. are generally required to support local country
operations and may have high tax costs or other limitations that
delay the ability to repatriate, and therefore may not be readily
available for transfer to other jurisdictions. Outstanding
inter-company loans to the U.S. as of Sept. 30, 2018 and Dec. 31,
2017 were $379 million and $358 million, respectively, which
includes short-term intercompany loans from Kodak's international
finance center of $81 million and $59 million as of Sept. 30, 2018
and Dec. 31, 2017, respectively.  In China, where approximately $60
million and $108 million of cash and cash equivalents was held as
of Sept. 30, 2018 and Dec. 31, 2017, respectively, there are
limitations related to net asset balances that may impact the
ability to make cash available to other jurisdictions in the world.
Kodak had a net decrease in cash, cash equivalents, and restricted
cash of $109 million, $122 million, and $158 million for the years
ended Dec. 31, 2017, 2016, and 2015, respectively, and a decrease
in cash, cash equivalents, and restricted cash of $113 million for
the nine months ended Sept. 30, 2018.

As of Nov. 9, 2018, Kodak has debt coming due within twelve months
and does not have committed financing or available liquidity to
meet those debt obligations if they were to become due in
accordance with their current terms.  In October 2018, Kodak
entered into a non-binding work letter with an existing lender
under the First Lien Term Credit Agreement and another potential
financing source, which outlines the terms and conditions of a
proposed new term loan facility.  The proceeds from the proposed
new facility, if consummated, would be used to refinance the loans
under the First Lien Term Credit Agreement in full.  The
non-binding work letter replaces the non-binding letter of intent
entered into during the third quarter of 2018.  Under the
non-binding work letter, Kodak has agreed to work exclusively with
the potential financing sources to reach a binding commitment
letter setting out the key terms of the proposed new facility.
Kodak is currently in negotiations with the potential financing
sources regarding the terms of the proposed new facility, however,
there can be no assurance that Kodak and the potential financing
Kodak has retained an investment banker in connection with a sale
of its Flexographic Packaging segment and is in negotiations on an
exclusive basis to sell this segment.  Net proceeds from any sale
of Kodak's Flexographic Packaging segment will be used to reduce
outstanding term loan debt.  Under the terms of the First Lien Term
Credit Agreement, Kodak is required to maintain a Secured Leverage
Ratio.  The Secured Leverage Ratio is generally determined by
dividing secured debt, net of U.S. cash and cash equivalents, by
consolidated EBITDA, as calculated under the First Lien Term Credit
Agreement.  The consolidated EBITDA, as calculated under the First
Lien Term Credit Agreement, could be adversely affected by the sale
process or the sale of the Flexographic Packaging segment, which
could result in non-compliance with a debt covenant.  Additionally,
Kodak is facing liquidity challenges due to negative cash flow.
Based on forecasted cash flows, there are uncertainties regarding
Kodak's ability to meet commitments in the U.S. as they come due.
Kodak's plans to improve cash flow include reducing interest
expense by decreasing the debt balance using proceeds from asset
sales, including the sale of the Flexographic Packaging segment;
further restructuring Kodak's cost structure; and paring investment
in new technology by eliminating, slowing, and partnering with
investors in product development programs.

The sale of the Flexographic Packaging segment and/or refinancing
of the loans under the First Lien Term Credit Agreement are not
solely within Kodak's control.  Executing agreements for the sale
or a refinancing of the First Lien Term Credit Agreement and the
timing for a closing of the sale or a refinancing of the First Lien
Term Credit Agreement are dependent upon several external factors
outside Kodak's control, including but not limited to, the ability
of the Company to reach acceptable agreements with different
counterparties and the time required to meet conditions to closing
under a sale agreement or credit facility.

Kodak makes no assurances regarding the likelihood, certainty or
timing of consummating any asset sales, including of the
Flexographic Packaging segment, refinancing of the Company's
existing debt, or regarding the sufficiency of any such actions to
meet Kodak's debt obligations, including compliance with debt
covenants, or other commitments in the U.S. as they come due.

Kodak said these conditions raise substantial doubt about its
ability to continue as a going concern.


ELECTRONIC SERVICE: Case Summary & 14 Unsecured Creditors
---------------------------------------------------------
Debtor: Electronic Service Products Corporation
        18 McKenzie Ave
        Wallingford, CT 06492

Business Description: Founded in 1992, Electronic Service Products
                      Corporation is in the business of servicing,

                      repairing, and overhauling computerized
                      numeric control machines for manufacturing
                      firms in the Northeast United States.  The
                      Company previously sought bankruptcy
                      protection on May 12, 2017 (Bankr. D. Conn.
                      Case No. 17-30704).

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Case No.: 19-30129

Debtor's Counsel: William E. Carter, Esq.
                  LAW OFFICE OF WILLIAM E. CARTER
                  658 Broad Street
                  Meriden, CT 06450
                  Tel: (203) 630-1070
                  Fax: 203-889-0242
                  E-mail: bankruptcy@carterlawllc.com
                          wecarter@carterlaw.com

Total Assets: $145,858

Total Liabilities: $1,646,903

The petition was signed by William Hrubiec, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 14 unsecured creditors is available for free
at:

          http://bankrupt.com/misc/ctb19-30129.pdf


ELEVATED ANALYTICS: Case Summary & 5 Unsecured Creditors
--------------------------------------------------------
Debtor: Elevated Analytics Holdings, LLC
        3575 North 100 East, Suite 375
        Provo, UT 84604

Business Description: Elevated Analytics Holdings, LLC
                      provides timely and comprehensive
                      computational analysis for customers
                      in the CPI/HPI.  Formed in 2018, the
                      Company previously operated as either of
                      two now wholly-owned subsidiaries: Elevated
                      Analytics LLC and Air Stations LLC.

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Case No.: 19-20541

Judge: Hon. Kevin R. Anderson

Debtor's Counsel: Edward T. Cundick, Esq.
                  PRINCE, YEATES & GELDZAHLER
                  15 West South Temple, Suite 1700
                  Salt Lake City, UT 84101
                  Tel: 801-524-1000
                  Fax: 801-524-1098
                  E-mail: tec@princeyeates.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Patrick B. Keegan, president.

A copy of the Debtor's list of five unsecured creditors is
available for free at:

     http://bankrupt.com/misc/utb19-20541_creditors.pdf

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

           http://bankrupt.com/misc/utb19-20541.pdf


ENTEGRIS INC: Moody's Affirms Ba1 CFR, Outlook Stable
-----------------------------------------------------
Moody's Investors Service affirmed the ratings of Entegris Inc.,
including the Ba1 Corporate Family Rating and Baa3 senior secured
ratings following the announcement of the merger between Entegris
and Versum Materials, Inc.. The outlook is stable.

Entegris and Versum have agreed to merge, with the Entegris name
remaining and the Entegris senior management continuing. Entegris's
shareholders will own the majority of the combined company (52.5%
of the shares), with Versum shareholders owning the remaining
47.5%.

The proposed merger is clearly a credit positive development, since
it will greatly expand Entegris's scale, with revenues about $3
billion for the latest twelve months ended September 30, 2018 and
nearly $900 million of EBITDA (Moody's adjusted, excluding the $75
million of anticipated synergies). This expanded scale will allow
Entegris to better serve the semiconductor manufacturing market
given the complementary product portfolio of the two companies.
Proforma leverage is modest at less than 2.4x debt to EBITDA
(latest twelve months ended September 30, 2018, Moody's adjusted)
and Moody's expects that this will decline towards 2x as operating
synergies of the combined company are captured.

Still, the integration of these two companies will entail both near
term risk, such as the sales force integration, and longer term
risks related to setting priorities for research and development.
Over time, Entegris will also need to optimize the manufacturing
and R&D footprint of the combined company, which adds 15 production
facilities and 7 R&D centers to Entegris's operating base.

The merger, which is expected to be completed in the second half of
calendar year 2019, is subject to approval by the shareholders of
both companies and approval of both United States and foreign
regulators.

RATINGS RATIONALE

The Ba1 CFR reflects Entegris's niche position in certain market
segments, such as wafer handling equipment and filters, which have
limited competition from larger firms, and a conservative financial
policy, with leverage below 2.5x debt to EBITDA (Moody's adjusted).
With the addition of Versum, Entegris's product portfolio will
expand into advanced materials used in semiconductor manufacturing,
such as CMP slurries, specialty chemicals, and chemical, gas, and
slurry delivery systems. Versum also has an on-site servicing
operation.

The rating also reflects Entegris's consistent free cash flow
("FCF") generation due to modest capital expenditure requirements
and the longer life cycle of many of Entegris's products, which can
exceed five years on legacy production nodes, providing a base of
recurring demand. Moody's expects that revenue growth and gross
margin will continue to benefit from positive secular drivers,
including increased purity requirements in semiconductor
manufacturing due to the increasing complexity of chip
manufacturing at advanced production nodes, particularly in memory
chips, and emerging use of enhance ultraviolet (EUV) lithography in
logic chips. Although Moody's expects Entegris will periodically
make debt-financed acquisitions resulting in higher financial
leverage, it is expected that leverage will be returned to around
2x debt to EBITDA (Moody's adjusted) within 12 to 18 months of the
closing of such acquisitions. Moody's expects the company to
refrain from debt-funded shareholder returns.

Nevertheless, as a supplier to the semiconductor industry, demand
can be volatile, driven by changes in semiconductor industry
production volume. Demand is also influenced by the capital
spending levels of Entegris's customers, which can decline
following the completion of a production node transition. Moody's
believes that Entegris has limited negotiating leverage due to the
large customer concentration For the FYE December 31, 2017, Taiwan
Semiconductor Manufacturing Company Ltd. ("TSMC") accounted for 13%
of revenues and Samsung Electronics Company ("Samsung") accounted
for 10%. Given that Versum serves the same end market, generating
53% of FYE September 30, 2018 revenues from Intel Corporation,
Samsung, TSMC, and SK Hynix Inc., Moody's does not expect a
significant improvement in customer concentration following closing
of the merger.

The stable outlook reflects Moody's expectation that revenues
growth will slow over the next year, reflecting the slowing
semiconductor market. Still, absent the merger, Moody's expects
that Entergris's EBITDA margin will remain at the upper twenties
percent level and FCF will remain above $150 million. (Given
Versum's higher EBITDA margin, Moody's expects that the combined
company will maintain an EBITDA margin of around 30 percent
(Moody's adjusted), excluding the $75 million of anticipated cost
synergies.) Moody's expects that Entegris will deleverage due to
EBITDA growth such that the ratio of debt to EBITDA (Moody's
adjusted) will decline toward 2x from about 2.3x currently (LTM
September 30, 2018, proforma for Entegris's refinancing in October
2018) and FCF to debt (Moody's adjusted) toward 20 percent over the
next year.

The rating could be upgraded if:

  -- The integration of Entergris and Versum is successful, and

  -- Entegris maintains an investment grade debt profile by
reducing the share of secured debt in the debt capital structure,
and

  -- Entegris demonstrates commitment to a conservative financial
policy, and

  -- Revenues are expected to grow at least in line with the market
with expanding profit margins

The rating could be downgraded if:

  -- The integration is challenging, resulting in revenue growth
trailing the company's key end markets or profitability
deteriorating, or

  -- liquidity meaningfully deteriorates, or

  -- Entegris adopts more aggressive financial policies, which
increase leverage for the combined company above 3x debt to EBITDA
(Moody's adjusted) on a sustained basis.

The Baa3 rating of Entegris's senior secured term loan reflects its
first lien security interest on substantially all assets of its
domestic subsidiaries and the large cushion of unsecured
liabilities. The Ba2 rating of Entegris's senior unsecured notes
reflects the relatively higher expected loss in a default scenario,
from the subordinated position as an unsecured claim. Versum's
senior secured credit facilities are secured by a first lien
security interest on substantially all assets of Versum's domestic
subsidiaries. Versum also has senior unsecured notes, which are
effectively subordinated to collateral backing the secured credit
facilities. Although Entegris has not announced plans for the debt
of the combined company, to the extent there are material changes
to the security package for its credit facility, the mix of secured
and unsecured debt or the guaranty structure, Entegris' instrument
ratings could change.

The SGL-1 liquidity rating reflects Entegris's very good liquidity
profile. Moody's expects Entegris will keep at least $425 million
of cash and will generate free cash flow ("FCF") of at least $150
million over the next year. Moody's expects that absent a large
acquisition, the $300 million revolver will remain undrawn given
the strong FCF generation. The revolver has a single financial
covenant, which is tested only upon 35% facility utilization. There
are no other financial covenants governing Entegris's debt.
Depending on the liquidity profile following closing of the merger,
the SGL rating could be lowered.

Ratings Affirmed:

Issuer: Entegris, Inc.

Senior Secured Term Loan, affirmed at Baa3 (LGD2)

Senior Secured Revolving Credit Facility, affirmed at Baa3 (LGD2)

Corporate Family Rating, affirmed at Ba1

Probability of Default Rating, affirmed at Ba1-PD

Senior Unsecured Gtd. Global Notes, affirmed at Ba2 (LGD5)

Speculative Grade Liquidity Rating, affirmed at SGL-1

Outlook Actions:

Issuer: Entegris, Inc.

Outlook, Remains Stable

The principal methodology used in these ratings was Semiconductor
Industry published in July 2018.

Entegris, Inc., based in Billerica, Massachusetts, develops and
manufactures products, including filters, materials handling
equipment, and specialty chemicals used in the manufacture of
semiconductors and other microelectronic components.

Versum Materials, Inc., based in Tempe, Arizona, operates in two
primary segments, Materials and Delivery Services and Systems
(DS&S), providing products used in semiconductor manufacturing.
Products include high-purity process materials, cleaners and
etchants, slurries, organosilanes, organometallics, and equipment.
The DS&S business designs, manufactures and sells equipment,
provides installation and on-site services to OEM customers.



FANNIE MAE: Makes Changes to Company Bylaws
-------------------------------------------
Fannie Mae's Bylaws were amended, effective as of Jan. 29, 2019.
The changes effected by the amended Bylaws are:

  * Removed the provision relating to the Executive Committee in
    Section 4.12.

  * Moved to Section 4.17 a list of ten actions that committees of
    the Board shall not have authority to take and revised this
    list to remove references to the Executive Committee.  These
    listed actions previously had been included in Section 4.12
    relating to the Executive Committee and were referenced in
    Section 4.17.

  * Removed the references to the Executive Committee in Section
    4.17.

A full-text copy of the Amended Bylaws is available for free at:

                        https://is.gd/OOlW0c

                 About Fannie Mae and Freddie Mac

Federal National Mortgage Association (OTCQB: FNMA), commonly known
as Fannie Mae -- http://www.FannieMae.com/-- is a
government-sponsored enterprise (GSE) that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.  Through its single-family and
multifamily business segments, the Company provided approximately
$570 billion in liquidity to the mortgage market in 2017, which
enabled the financing of approximately 3 million home purchases,
refinancings or rental units.

A brother organization of Fannie Mae is the Federal Home Loan
Mortgage Corporation (FHLMC), better known as Freddie Mac.  Freddie
Mac (OTCBB: FMCC) -- http://www.FreddieMac.com/-- was established
by Congress in 1970 to provide liquidity, stability and
affordability to the nation's residential mortgage markets.
Freddie Mac supports communities across the nation by providing
mortgage capital to lenders.

              About Fannie Mae's Conservatorship and
                    Agreements with Treasury

Fannie Mae has operated under the conservatorship of FHFA since
Sept. 6, 2008.  Treasury has made a commitment under a senior
preferred stock purchase agreement to provide funding to Fannie Mae
under certain circumstances if the company has a net worth deficit.
Pursuant to this agreement and the senior preferred stock the
company issued to Treasury in 2008, the conservator has declared
and directed Fannie Mae to pay dividends to Treasury on a quarterly
basis for every dividend period for which dividends were payable
since the company entered into conservatorship in 2008.  Fannie Mae
expects to pay Treasury a fourth quarter 2018 dividend of $4.0
billion by Dec. 31, 2018.  The current dividend provisions of the
senior preferred stock provide for quarterly dividends consisting
of the amount, if any, by which the company's net worth as of the
end of the immediately preceding fiscal quarter exceeds a $3.0
billion capital reserve amount. The company refers to this as a
"net worth sweep" dividend.  The company's net worth was $7.0
billion as of Sept. 30, 2018.

If Fannie Mae experiences a net worth deficit in a future quarter,
the company will be required to draw additional funds from Treasury
under the senior preferred stock purchase agreement to avoid being
placed into receivership.  As of Nov. 2, 2018, the maximum amount
of remaining funding under the agreement is $113.9 billion.  If the
company were to draw additional funds from Treasury under the
agreement with respect to a future period, the amount of remaining
funding under the agreement would be reduced by the amount of its
draw.  Dividend payments Fannie Mae makes to Treasury do not
restore or increase the amount of funding available to the company
under the agreement.


FLO-TECH INC: Seeks Authorization to Use Cash Collateral
--------------------------------------------------------
Flo-Tech, Inc. seeks authorization from the U.S. Bankruptcy Court
for the District of Arizona to use cash collateral in the ordinary
course of its business.

The Debtor proposes to use revenue from Flo-Tech to pay operating
expenses in accordance with its Budget based upon actual
operations. The Debtor's proposed use of the income to maintain the
business by paying for maintenance, repairs, insurance, taxes.

The Debtor asserts it is crucial to have the use of the cash
collateral in order to continue to provide goods and services to
its customers and to pay employees and pay other ordinary and
necessary operating expenses to avoid (a) disruption of their work
force, (b) maintain customer relations and loyalty, (c) maintain
their market presence, and (d) preserve the going concern value of
the Debtor and its estate while the Debtor formulates and
implements a plan of reorganization.

The Debtor believes Tango Capital aka Snap Advances, LLC and
Capital Active Funding-Phoenix, Inc. may claim a security interest
in inventory, chattel paper, accounts, equipment and general
intangibles of Flo-Tech's cash collateral pursuant to security
agreement. The Debtor has not had sufficient time to determine the
validity, priority, enforceability, and/or the extent of the
claimed liens. Accordingly, the Debtor assumes all claimed liens
are valid and enforceable, but expresses no position as to the
priority of such liens. The Debtor believes the Secured Creditors
have the burden of proof to establish validity of their purported
interests in cash collateral.

The Debtor offers to the Secured Creditors post-petition
replacement liens on its inventory, accounts, and contract rights:
(a) to the extent of cash collateral actually expended; (b) on the
same assets and in the same order of priority as currently exists
between the Debtor and the Secured Creditors; and (c) with the
Debtor's full reservation of rights with respect to the issues set
forth above.

A copy of the Debtor's Motion is available at

              http://bankrupt.com/misc/azb19-00460-12.pdf

                      About Flo-Tech, Inc.

Formed in December 1994, Flo-Tech, Inc., is in the business of
providing concrete floor repair, restoration and refinishing
services.  Flo-Tech has its principal place of business located in
Phoenix, Maricopa County, Arizona. Thomas Tedford is the president,
director and majority shareholder of Flo-Tech -- he owns 100% of
the outstanding shares in Flo-Tech

Flo-Tech, Inc., filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 2:19-bk-00460-BKM) on
Jan. 15, 2019.  The Debtor engaged Keery McCue, PLLC, as counsel.


FLORIDA PAVEMENT: Taps Jeff Foster as Accountant
------------------------------------------------
Florida Pavement Coatings, Inc., and South Florida Pavement
Coatings, Inc., received approval from the U.S. Bankruptcy Court
for the Middle District of Florida to hire Jeff Foster as their
accountant.

Mr. Foster will assist the Debtors' bankruptcy estates in the
collection of accounts receivable, preparation of monthly operating
reports and other matters related to their Chapter 11 cases.  He
will charge an hourly fee of $50 for bankruptcy-related services.

The accountant will also assist Meister Sealcoat & Supplies LLC,
the buyer of the Debtors' assets, on a contract basis on certain
matters related to the transition of ownership and operations.  The
Debtors, however, will not be responsible to pay for those
services.

Mr. Foster disclosed in a court filing that he does not hold any
interest adverse to the Debtors, the estates or other "parties in
interest."

                  About Florida Pavement Coatings

Florida Pavement Coatings, Inc., is a manufacturer of asphalt felts
and coatings headquartered in Tampa, Florida.  Affiliate South
Florida Pavement Coatings, Inc., is in the lacquers, varnishes,
enamels, and other coatings business.

Florida Pavement Coatings, and South Florida Pavement Coatings
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
M.D. Fla. Lead Case No. 18-06062) on July 23, 2018.  In the
petitions signed by Gregory Polk, president, each debtor estimated
assets of $1 million to $10 million and liabilities of $1 million
to $10 million.  

The Debtors tapped Stichter, Riedel, Blain & Postler, P.A., as
their legal counsel, and Equity Partners HG, LLC as business
broker.

Pursuant to an order of this court dated July 25, 2018, the
Debtors' Chapter 11 cases are being jointly administered for
procedural purposes only under In re: Florida Pavement and
Coatings, Inc., Case No. 8:18-bk-8062-CPM.


GOV'T. OF GUAM: S&P Cuts 2011A HOT Revenue Bonds Rating to BB
-------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'A-'
on the Government of Guam's (GovGuam) series 2011A hotel occupancy
tax (HOT) revenue bonds upon the implementation of its
priority-lien tax revenue debt criteria, published Oct. 22, 2018.
The outlook is stable.

"The rating action reflects our view of the territory's general
creditworthiness, which, under the new criteria, limits the final
ratings on priority-lien tax revenue debt," said S&P Global Ratings
credit analyst Timothy Little.

S&P said, ""The priority lien rating on the bonds is limited to one
notch above our view of GovGuam's creditworthiness (BB-/Stable
general obligation rating, or GO, rating) and is constrained from
going higher unless there is an improvement in the government GO
rating. In our view, the bonds do not benefit from limited scope of
operations or extraordinary expenditure flexibility of the
obligated entity, despite very strong revenue coverage of debt
service, while we believe pledged revenue could have exposure to
operating risk of the government in the event of a distress
situation.

"The stable outlook reflects that on the GovGuam GO rating. The
stable outlook also reflects our anticipation that, during the next
two years, the government will exercise fiscal discipline and
control spending it deems necessary to better align revenue with
expenditures and improve cash flow, especially given a reduced
revenue outlook, rising debt service requirements, and uncertain
revenue growth. Should we raise the territory GO rating, we could
raise the rating on the revenue bonds. Likewise, should we lower
the territory GO rating, we could lower the rating on the revenue
bonds."


GREIF INC: Moody's Confirms Ba2 CFR, Outlook Stable
---------------------------------------------------
Moody's Investors Service confirmed the Ba2 Corporate Family Rating
and Ba2-PD Probability of Default Rating of Greif, Inc. Moody's
also assigned a B1 rating to the proposed $500 million senior
unsecured notes of Greif, Inc., confirmed the Ba3 rating on the
existing 7.75% senior unsecured notes of Greif, Inc. and confirmed
the Ba3 rating on the existing 7.375% senior unsecured notes of
Greif Luxembourg Finance SCA. The SGL-2 Speculative Grade Liquidity
Rating is affirmed and the ratings outlook is stable. The proceeds
will be used to acquire Caraustar Industries, Inc. as well as pay
fees and expenses associated with the transaction. The proceeds
will also be used to redeem the 7.75% senior unsecured notes of
Greif, Inc. The rating will be withdrawn upon close of the
transaction. This concludes the review for downgrade initiated on
December 20, 2018 when Greif announced that it had entered into a
definitive agreement to buy Caraustar Industries, Inc. from H.I.G.
Capital in a cash transaction valued at approximately $1.8
billion.

Confirmations:

Issuer: Greif, Inc.

Corporate Family Rating, Confirmed at Ba2

Probability of Default Rating, Confirmed at Ba2-PD

Senior Unsecured Regular Bond/Debenture, Confirmed at Ba3(LGD5)

Issuer: Greif Luxembourg Finance SCA

Senior Unsecured Regular Bond/Debenture, Confirmed at Ba3(LGD5)

Affirmations:

Issuer: Greif, Inc.

Speculative Grade Liquidity Rating, Affirmed SGL-2

Assignments:

Issuer: Greif, Inc.

Senior Unsecured Regular Bond/Debenture, Assigned B1(LGD6)

Outlook Actions:

Issuer: Greif, Inc.

Outlook, Changed To Stable From Rating Under Review

Issuer: Greif Luxembourg Finance SCA

Outlook, Changed To Stable From Rating Under Review

RATINGS RATIONALE

The confirmation of the corporate family rating and stable outlook
reflect management's commitment to direct all free cash flow to
debt reduction until credit metrics are restored to pre-acquisition
levels and the projected benefits of price increases in the
Caraustar segment and synergies. Although growth is projected to
remain low in the industry, the company is expected to benefit from
industry wide price increases for coated recycled paperboard (CRB)
and uncoated recycled paperboard (URB) which are expected to
persist for at least the next 18 months. Additionally,
approximately half of the projected synergies of $45 million are
for SG&A and should be readily attainable. Greif is expected to
have good pro forma liquidity from free cash flow generation,
revolver availability and its extensive timber and land holdings
that provide alternative sources of liquidity if necessary. Despite
pro forma LTM leverage of well over 4.5 times (as adjusted by
Moody's excluding synergies and projected price increases), Greif
is expected to improve credit metrics to a level within the rating
triggers over the next 12 to 18 months.

Greif's credit profile benefits from the company's significant
size, market position and its geographic, customer and end market
diversity. Greif's business operations are closely embedded into
customer's operations and has long term relationships with many of
its customers. Additionally, the acquisition of Caraustar provides
a new business segment with a well-established position as the
second largest producer of uncoated recycled paperboard (URB) in
North America.

Greif's credit profile is constrained by the cyclicality in its end
markets, low rate of growth and weak margins. It is also
constrained by the commoditized product line, lengthy pass-throughs
for raw material price increases, lack of pass-throughs for other
costs and integration risk from the Caraustar acquisition.
Additionally, the Caraustar segment similarly has limited product
diversity with concentration in the recycled paperboard and
exposure to volatile raw material costs such as recycled fiber
prices which could negatively impact margins and cash flows due to
pass-through lags.

Greif's SGL-2 speculative grade liquidity rating indicates a good
liquidity profile with the expectation that obligations over the
next 12 months will be met through internal sources of liquidity
(though the company is not likely to generate free cash flow every
quarter). The company maintains a modest amount of cash on hand
which is primarily held overseas. Greif's liquidity is supported by
an $800 million revolving multicurrency senior secured credit
facility which expires February 2024. The facility also provides a
$1.675 billion term loan. The bank credit facilities are guaranteed
Greif International Holding and certain of the borrower's present
and future domestic and foreign subsidiaries (excluding joint
ventures and special purpose financing subsidiaries). The
facilities are secured by all current and future shares of capital
stock of its present and future subsidiaries, 66% of capital stock
for first-tier foreign subsidiaries and all present and future
domestic personal property of the borrower and guarantors. Greif
also maintains a $150 million domestic trade accounts receivable
securitization facility which expires September 2019 and trade
receivables securitization facilities in Europe (EUR 100 million)
and Singapore (15.0 million Singapore Dollars), all of which are
structured as true legal sales. The term loan annual amortization
over the life of the loan is approximately 5%/5%/10%/10%/10% with
bullet due at maturity. Greif's dividend is approximately $100
million annually. The next significant debt maturity is the EUR 200
million senior unsecured notes due July 2021. Moody's expects the
company to remain well in compliance with the two principal
financial covenants in the credit agreement, leverage and interest
coverage ratios, over the next 12 months. The credit facilities are
not secured by Greif's timberland (over 243,000 acres) so the
company has a meaningful source of alternate liquidity.

The notching between the two issues of senior unsecured notes
reflect the difference in guarantors. The Euro notes are guaranteed
by the domestic and foreign subsidiaries (with exceptions) while
the USD notes are guaranteed only by the domestic subsidiaries.

The ratings are subject to the deal closing as proposed and the
receipt and review of the final documentation.

The ratings outlook is stable. The stable outlook reflects an
expectation that Greif will execute in its integration plan,
achieve projected operating results and dedicate free cash flow to
debt reduction until credit metrics are restored to pre-acquisition
levels.

An upgrade is unlikely given the elevated leverage following the
Caraustar acquisition. However, the rating could be upgraded if the
company sustainably improves credit metrics with the context of a
stable operating and competitive environment. An upgrade would be
contingent upon the maintenance of sound financial policies.
Specifically, the rating could be upgraded if funds from operations
to debt increases to over 21%, debt to EBITDA is below 3.5 times,
and/or EBITDA to interest improves to over 5.8 times.

The ratings could be downgraded if Greif fails to improve credit
metrics over the intermediate term, there is a deterioration in the
cushion under existing financial covenants, and/or a deterioration
in the competitive or operating environment. Additionally, another
significant acquisition before Caraustar is fully integrated could
also trigger a downgrade. Specifically, the rating could be
downgraded if funds from operations to debt declines to below
16.5%, debt to EBITDA is sustained over 4.2 times, and/or EBITDA to
interest declines below 4.8 times.

The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
May 2018.

Greif, Inc., headquartered in Delaware, Ohio, is one of the leading
global industrial packaging products and services companies. Greif
produces steel, plastic, fiber and corrugated and multi-wall
containers for a wide range of industries. Greif also provides
services, such as container lifecycle management and blending,
produces containerboard and manages timber properties in North
America. Caraustar is an integrated manufacturer of 100% recycled
paperboard and converted paperboard products. For the 12 months
ended October 31, 2018, the company publicly-traded company
generated approximately $3.9 billion in revenue. Combined revenues
for the twelve months ended October 31, 2018 were approximately
$5.2 billion.



HMSW CPA: Feb. 27 Plan and Disclosure Statement Hearing
-------------------------------------------------------
Bankruptcy Judge Mark X. Mullin conditionally approved HMSW CPA,
PLLC and KSW CPA, P.C's joint small business disclosure statement
dated Jan. 16, 2019.

The hearings on final approval of the Combined Plan and Disclosure
Statement as a disclosure statement and confirmation of the plan
have been set for Feb. 27, 2019 at 1:30 p.m. Central Time before
the Honorable Mark X. Mullin, United States Bankruptcy Judge for
the Northern District of Texas, Fort Worth Division. The hearings
will be held at Room 128, U. S. Courthouse, 501 W. 10th Street,
Fort Worth, TX 76102.

Feb. 21, 2019 is fixed as the Voting Deadline and last day for
filing and serving written objections to the Combined Plan and
Disclosure Statement.

                   About HMSW CPA, PLLC

HMSW CPA, PLLC -- http://www.hmswcpa.com/-- is a certified public
accounting firm in Arlington, Texas. The company offers audit and
assurance, tax compliance, business advisory, accounting and
financial advisory services to small and medium size businesses. It
also provides a wide range of business services for companies
seeking to outsource payroll, transaction processing and basic
accounting functions.

HMSW CPA, PLLC based in Arlington, TX, filed a Chapter 11 petition
(Bankr. N.D. Tex. Case No. 18-43569) on Sept. 10, 2018. In the
petition signed by Cheree D. Bishop, president and manager, the
Debtor estimated $100,000 to $500,000 in assets and $1 million to
$10 million in liabilities. The Hon. Mark X. Mullin presides over
the case. Howard Marc Spector, Esq., at Spector & Johnson, PLLC,
serves as bankruptcy counsel.


INFORMATION TECHNOLOGY: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------------
The Office of the U.S. Trustee on Jan. 29 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Information Technology
Procurement Sourcing, LLC.

                   About Information Technology
                     Procurement Sourcing LLC

Information Technology Procurement Sourcing, LLC sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
19-20087) on Jan. 7, 2019.  At the time of the filing, the Debtor
estimated assets of less than $1 million and liabilities of less
than $1 million.  The case has been assigned to Judge Carlota M.
Bohm.  The Stonecipher Law Firm is the Debtor's counsel.


KUM GANG: Cash Collateral Use Authorized on Final Basis
-------------------------------------------------------
The Hon. Carla E. Craig of the U.S. Bankruptcy Court for the
Eastern District of New York has entered her final order
authorizing Kum Gang, Inc.'s use of cash collateral.

The Debtor is authorized to utilize cash collateral generated from
its business upon the following terms and conditions:

      (a) Pending further order of the Court, the Cash Collateral
may be used by the Debtor on a weekly basis in the ordinary course
of its businesses to pay the reasonable and necessary operating
expenses of the Debtor in accordance with the Budget (provided that
the Debtor may not exceed the Budget by 10% per line item without
further order of the Court or the written consent of Noah Bank).

      (b) The Debtor will continue to make monthly payments to Noah
Bank consistent with the Budget.

      (c) To the extent that an expense of the Debtor arises that
is not included on the Budget, the Debtor may submit a written
description of such proposed supplemental expenses to counsel for
Noah Bank, together with a copy of the invoice therefor, if any,
and any other appropriate statements, quotes, or other reasonably
available substantiation for any such proposed supplemental
expenses.

      (d) Nothing in the order will limit in any way the rights or
claims of Noah Bank against the Debtor, or of the Debtor against
Noah Bank, as provided by the various underlying prepetition loan
and security agreements between the parties.

Noah Bank is granted replacement liens to the extent that said
liens in prepetition cash collateral were valid, perfected and
enforceable in the continuing order of priority of its pre-petition
liens and claims and to the extent collateral diminution occurs
during the Chapter 11 case, subject to:

      (i) the claims of Chapter 11 professionals duly retained in
the Chapter 11 case and to the extent awarded pursuant to Sections
330 and 331;

     (ii) U.S. Trustee quarterly fees pursuant to 28 U.S.C. Section
1930 and any applicable interest thereon pursuant to 31 U.S.C.
Section 3717 and any fees due to the Clerk of the Court; and

    (iii) the fees of a hypothetical Chapter 7 trustee in the event
that such is appointed.

     (iv) In addition, the Replacement Liens will not attach to the
proceeds of any recoveries of estate causes of action under
Sections 542 through 553 of the Code.

A full-text copy of the Order is available at

            http://bankrupt.com/misc/nyeb18-43997-71.pdf

                      About Kum Gang, Inc.

Kum Gang, Inc. sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 18-43997) on July 12, 2018.  In the
petition signed by Ji Sung Yoo, president, the Debtor estimated
assets of less than $100,000 and debts of less than $1 million.
The Debtor is represented by Kenneth F. McCallion, Esq. at
McCallion & Associates LLP. The Debtor tapped Kang Youl Lee, CPA,
P.C., as its accountant.


LINTON VETERINARY: Seeks Authority on Interim Cash Collateral Use
-----------------------------------------------------------------
Linton Veterinary Services, PLLC, d/b/a Mill Creek Animal Hospital,
seeks authorization from the U.S. Bankruptcy Court for the Middle
District of Tennessee to use of cash collateral on an interim
basis.

The Debtor seeks to use the cash collateral up to a maximum of 125%
of the total amount set forth in the Budget to pay the expenses.
The Interim Period will be the Petition Date through Feb. 15, 2019.
The Debtor further requests to use cash collateral to pay amounts
and/or any fees payable to the Clerk of the Court and to the United
States Trustee.

The Debtor has an urgent and immediate need for authority to use
cash collateral in order to, among other things: (a) continue to
operate its business in an orderly manner; (b) maintain
relationships with employees, vendors, and customers; (c) pay
various administrative professionals' fees to be incurred in this
Chapter 11 case; and (d) support the Debtor's working capital and
overall operational needs.

The Debtor asserts the foregoing expenditures are critically
necessary to preserve and maintain the value of the Debtor’s
business and its assets. Without access to cash collateral, the
Debtor would be forced to cease operations and liquidate its assets
through Chapter 7, which would undoubtedly result in a lower
recovery to its creditors and equity holders.

Bank of America, N.A. asserts a lien on the Debtor's cash
collateral. The lien of Bank of America is presently believed to be
junior only to certain purchase-money-security interest liens, or
leases, held by another lender on specific equipment. Bank of
America asserts a valid, perfected first-position security interest
in the Debtor's property, including its cash collateral, which
would entitle it to adequate protection for any diminution in the
value of its respective collateral arising from the Debtor's
post-petition use thereof.

The Bank of Nashville, a Division of Synovus Bank ("TBON/Synovus")
may assert a lien on the Debtor's cash collateral. Bank of America
is not believed to have subordinated its senior position to
TBON/Synovus with respect to any of Debtor's assets and, therefore,
any security interest in the Debtor's cash collateral is junior to
Bank of America's interest therein. Furthermore, TBON/Synovus’s
interests are junior to the Equipment Lender's liens.

The Debtor believes only Bank of America and TBON/Synovus could
assert an enforceable and validly perfected claim against the
Debtor's cash. The Debtor does not dispute the validity or extent
of liens in favor of Bank of America or TBON/Synovus against the
Debtor's cash.

The Debtor proposes interim adequate protection for the use of, and
any diminution in the value of the collateral, as follows:

      (a) Bank of America and TBON/Synovus will receive replacement
security interests in the Debtor's post-petition property and
proceeds thereof (excluding the Debtor's rights under Sections 544
through 550 of the Bankruptcy Code), to the same extent and
priority as their respective purported security interests in the
Debtor's pre-petition property and the proceeds thereof.

      (b) To further protect the interests of Bank of America and
TBON/Synovus, the Debtor will keep its assets insured by reasonable
and sufficient insurance coverage as required by the terms of the
loan documents executed by the Debtor in favor of the Bank of
America and TBON/Synovus and will provide to Secured Creditors
proof of such insurance coverage.

              About Linton Veterinary Services

Since 2013, Linton Veterinary Services, PLLC, d/b/a Mill Creek
Animal Hospital, has been a veterinary clinic and provider of
veterinarian services and goods.

Linton Veterinary Services filed a voluntary petition for relief
under the Bankruptcy Code (Bankr. M.D. Tenn. Case No. 19-00278) on
Jan. 17, 2019.

The Debtor is represented by:

         Timothy G. Niarhos, Esq.
         Gray Waldron, Esq.
         Rebecca J. Yeilding, Esq.
         NIARHOS & WALDRON, PLC
         1106 18th Avenue South
         Nashville, Tennessee 37212
         Phone: (615) 320-1101
         Fax: (615) 320-1102
         E-mail: tim@niarhos.com  
                 gray@niarhos.com
                 rebecca@niarhos.com


MARRIOTT INTERNATIONAL: Haley Alleges Negligence Over Data Breach
-----------------------------------------------------------------
Anna L. Haley, on behalf of herself and all others similarly
situated v. Marriott International, Inc., Case No. 1:18-cv-03834
(D. Md., December 12, 2018), is brought against the Defendant for
negligence, breach of implied contract, invasion of privacy and
violations of the Consumer Protection Act.

In this action, the Plaintiff alleges that Marriott allowed a
massive data breach in which the sensitive personal information of
the Plaintiff and millions of other consumers was stolen by unknown
persons (the "Data Breach").

The Plaintiff Anna L. Haley is a citizen and resident of
California. She is and at all relevant times has been a participant
in the Starwood Preferred Guest Program. During the relevant
period, the Plaintiff has used the Starwood system to make
reservations and has stayed as a hotel guest in Starwood
properties. Ms. Haley's Personal Information was stored by Marriott
in the Starwood Database, and was stolen by unknown hackers in the
Data Breach.

The Defendant Marriott International, Inc., a Montgomery County,
Maryland resident, is the world's largest hotel chain. Marriott is
a Delaware corporation with its headquarters and principal place of
business at 10400 Fernwood Road, Bethesda, Maryland 20817. [BN]

The Plaintiff is represented by:

      Mila F. Bartos, Esq.
      FINKELSTEIN THOMPSON LLP
      3201 New Mexico Avenue, NW Ste 395
      Washington, DC 20016
      Tel: (202) 337-8000
      Fax: (202) 337-8090
      E-mail: mbartos@finkelsteinthompson.com



MAYFLOWER COMMUNITIES: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Mayflower Communities, Inc.
          The Barrington of Carmel
          The Barrington
        15601 Dallas Parkway, Suite 200
        Addison, TX 75001

Business Description: Mayflower Communities, Inc. operates
                  a senior living retirement community in Carmel,
                  Indiana.  Mayflower provides nursing care,
                  memory support, rehabilitation, retirement home,

                  assisted living, and independent living.  

                  https://www.thebarringtonofcarmel.com/

Chapter 11 Petition Date: January 30, 2019

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Case No.: 19-30283

Judge: Hon. Harlin DeWayne Hale

Debtor's Counsel: Andrew Ball Zollinger, Esq.
                  DLA PIPER LLP (US)
                  1717 Main Street, Suite 4600
                  Dallas, TX 75201
                  Tel: (214) 743-4500
                  Fax: (972) 813-6246
                  Email: andrew.zollinger@dlapiper.com

                     - and -

                  Thomas R. Califano, Esq.
                  DLA PIPER LLP (US)
                  1251 Avenue of the Americas
                  New York, New York 10020-1104
                  Tel: (212) 335-4500
                  Fax: (212) 335-4501
                  Email: thomas.califano@dlapiper.com

                    - and -

                  Rachel Nanes, Esq.
                  DLA PIPER LLP (US)
                  200 South Biscayne Boulevard, Suite 2500
                  Miami, Florida 33131
                  Tel: (305) 423-8563
                  Fax: (305) 675-8206
                  Email: rachel.nanes@dlapiper.com

Debtor's
Restructuring
Advisor:          ANKURA CONSULTING GROUP, LLC

Debtors'
Financial
Advisor:          LARX ADVISORS, INC.

Debtor's
Investment
Banker:           CUSHMAN & WAKEFIELD U.S., INC.

Debtor's
Claims &
Noticing
Agent:            DONLIN RECANO & COMPANY, INC.
                 
https://www.donlinrecano.com/Clients/mayflwr/Index

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by Louis E. Robichaux IV, chief
restructuring officer.

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

           http://bankrupt.com/misc/txnb19-30283.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Resident #141 & Resident #142                             $535,840

Resident #718 & Resident #719                             $485,808

Resident #10                                              $482,858

Resident #92                                              $479,242

Resident #177 & Resident #178                             $459,768

Resident #200                                             $459,430

Resident #224                                             $449,910

Resident #28                                              $446,085

Resident #206                                             $434,889

Resident #85                                              $434,804

Resident #222 & Resident $717                             $429,207

Resident #101                                             $428,900

Resident #186                                             $427,077

Resident #232 & Resident #233                             $417,093

Resident #204 & Resident #205                             $414,967

Resident #91                                              $413,910

Resident #715 & Resident #716                             $407,840

Resident #74 & Resident #721                              $399,920

Resident #714 & Resident #720                             $399,920

Resident #34 & Resident #713                              $399,920


METRO FINISHES: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Metro Finishes, L.L.C. as of Jan. 29,
according to a court docket.

                       About Metro Finishes

Metro Finishes is a Florida limited liability company formed on
Dec. 26, 2001.  Metro Finishes strategically designs and implements
surface finishes, painting techniques, decorative custom artwork
and specialty construction services to transform ordinary spaces in
venues ranging from residences to restaurants to theme parks, from
leased premises located at 1515 Vassar Street, Orlando, Florida.

Metro Finishes, L.L.C., filed a Chapter 11 petition (Bankr. M.D.
Fla. Case No. 18-07371), on November 29, 2018.  In the petition
signed by Charles Marklin, authorized representative of the Debtor,
the Debtor estimated $100,001 to $500,000 in assets and $500,001 to
$1 million in liabilities.

The Debtor is represented by Jeffrey S. Ainsworth of BransonLaw,
PLLC.


MGT MANUFACTURING: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on Jan. 29 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of MGT Manufacturing Corporation.

                  About MGT Manufacturing Corp.

MGT Manufacturing Corporation sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Pa. Case No. 18-24301) on Nov. 2,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $100,000.  The case
has been assigned to Judge Carlota M. Bohm.  The Debtor tapped
Calaiaro Valencik as its legal counsel.


MISSION COAL: DIP Lenders Oppose Plan Approval
----------------------------------------------
BankruptcyData.com reported that Mission Coal Company's
debtor-in-possession (DIP) lenders have objected to the Debtors'
request for Court approval of (i) the adequacy of Debtors'
Disclosure Statement and (ii) proposed Plan solicitation and notice
procedures.

BankruptcyData related that the DIP lenders contend that the
Debtors' Plan contravenes the clear agreement between the DIP
lenders and the Debtors that the Debtors' assets would be sold
through an 11 U.S.C. Sec. 363 asset sale and not a a plan of
reorganization.  The DIP lenders further contend that the Debtors
have fabricated a pretext for pushing a plan of reorganization,
that pretext being that it is under a plan that administrative and
priority claims are most assuredly paid out in cash.  The DIP
lenders argue that this is certainly not the case in respect of
their own planned credit bid for the Debtors assets; that they have
agreed to pay such claims in cash in the event that their bid is a
winning one. Having satisfied concerns as to these claims
(including a commitment to pay up to $16.3 million for professional
fees relating to the bankruptcy), the DIP lenders argue that the
Debtors' continued  insistence on pursuing a plan of reorganization
must stem from some other motives. The DIP lenders smell a rat, an
"ulterior motive" to assure that certain Debtor insiders get
releases in respect of ongoing investigations into insider
misconduct, releases that are par for the course in a plan of
reorganization but not in a section 363 assets sale.

The objection states, "The DIP Lenders loaned the Debtors
approximately $92.5 million in January 2018. Ten months later, when
no other viable funding options existed to fund the Debtors'
operations and provide the Debtors with the runway necessary to
prosecute the chapter 11. The DIP Lenders loaned the Debtors
another $54.5 million. Suffice it to say, the DIP Lenders have
been, and continue to be, the Debtors' lifeline."

                  About Mission Coal Company

Mission Coal Company LLC and its subsidiaries are engaged in the
mining and production of metallurgical coal, also known as "met"
coal, which is a critical component of the steelmaking process.
The Company is headquartered in Kingsport, Tennessee and operate
subterranean, surface, and longwall mining complexes in West
Virginia and Alabama.  The Company employs 1,075 individuals on a
full-time or part-time basis.

Mission Coal and 10 of its subsidiaries filed for bankruptcy
protection in the U.S. Bankruptcy Court for the Northern District
of Alabama (Birmingham) on Oct. 14, 2018, with Lead Case No.
18-04177.  In the petition signed by CRO Kevin Nystrom, Mission
Coal estimated assets and liabilities of $100 million to $500
million.

Daniel D. Sparks, Esq. and Bill D. Bensinger, Esq., of Christian &
Small LLP, as well as James H.M. Sprayregen, P.C., Brad Weiland,
Esq., and Melissa N. Koss, Esq., of Kirkland & Ellis LLP and
Kirkland & Ellis International LLP, serve as counsel to the
Debtors.  The Debtors also tapped Jefferies LLC as investment
banker, Zolfo Cooper  LLC as financial advisor, and Omni Management
Group as notice and claims agent.

On Oct. 25, 2018, the Bankruptcy Administrator for the Northern
District of Alabama appointed the Official Committee of Unsecured
Creditors.  The Committee retained Lowenstein Sandler LLP, as
counsel; Baker Donelson Bearman Caldwell & Berkowitz, PC, as local
counsel; and Berkeley Research Group, LLC, as financial advisor.


NEOVASC INC: NUB Status 1 Designation for Neovasc Reducer Renewed
-----------------------------------------------------------------
Neovasc, Inc. announced that the "Institut fur das Entgeltsystem im
Krankenhaus" ("InEk"), the German Institute for the Hospital
Remuneration System, has awarded its Neovasc Reducer ("Reducer"), a
CE-Marked medical device for the treatment of refractory angina,
NUB status 1 designation again for 2019.

New examination and treatment methods (NUBs) comprise of novel and
innovative medicines, medical products and procedures which can be
applied by the hospital, i.e. inpatient procedures, before they can
be settled via flat rates or additional charges (KHEntgG).  The NUB
process opens the path for negotiations between hospitals and
health insurances on the reimbursement of new medical treatments in
the German system.  InEK is responsible for prioritizing new
therapies in Germany through the NUB process.
Yesterday, InEK renewed the status of the Neovasc Reducer as status
1 - the highest priority designation available.  A NUB decision is
valid for one year and can be renewed annually.  This year, 159
German hospitals applied for the Reducer NUB status (compared to
107 German hospitals last year) and can now negotiate reimbursement
coverage for the Neovasc Reducer therapy under the German health
insurance system.

Fred Colen, CEO of Neovasc, commented, "We are excited to be able
to continue treating German patients suffering from refractory
angina with the Reducer and an almost 50% increase in the number of
hospitals applying for NUB, which we believe is a strong metric to
signal the growing adoption of the therapy in Germany.  This
positive development will allow us to continue our sales and
therapy development efforts."

                       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 for the year ended
Dec. 31, 2017, compared to a net loss of US$86.49 million for the
year ended Dec. 31, 2016.  As of Sept. 30, 2018, the Company had
US$17.37 million in total assets, US$32.06 million in total
liabilities, and a total deficit of US$14.69 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 Dec. 31, 2017, and, as of
that date, the Company's consolidated current liabilities exceeded
its current assets by US$6.06 million.  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.


NEXT COMMUNICATIONS: Taps Moecker VP as Valuation Expert
--------------------------------------------------------
Next Communications, Inc., received approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire Eric
Rubin of Moecker Auctions Inc. as its valuation expert.

Mr. Rubin, vice president of Moecker Auctions, will provide
services as valuation expert in connection with the adversary
proceeding (Case No. 17-01442) filed against Terremark North
America, LLC and Equinix, Inc. to recover certain equipment from
the companies.  Specifically, he will prepare and present a report
on the value of the lost equipment and testify before the
bankruptcy court.

The Debtor will pay the valuation expert a postpetition retainer in
the sum of $2,000.

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

Mr. Rubin maintains an office at:

     Eric Rubin
     Moecker Auctions Inc.
     1883 Marina Mile Blvd., Suite 106
     Fort Lauderdale, FL 33315
     Toll Free: 1-800-840-BIDS
     Phone: 954-252-2887
     Fax: 954-252-2791
     Email: info@moeckerauctions.com

                     About Next Communications

Next Communications, Inc., is an International Voice Over Internet
Protocol (International VoIP) provider.  

Next Communications filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 16-26776) on Dec. 21, 2016.  In the petition
signed by CEO Arik Maimon, the Debtor estimated $1 million to $10
million in assets and $10 million to $50 million in liabilities.
The Hon. Robert A. Mark oversees the case.  The Debtor tapped AM
Law, LLC as its bankruptcy counsel, and Hasapidis Law Offices as
special counsel.  No official committee of unsecured creditors has
been appointed in the case.


NICHOLAS L HUGENTOBLER: May Use Cash Collateral on Interim Basis
----------------------------------------------------------------
The Hon. Michael E. Romero of the U.S. Bankruptcy Court for the
District of Colorado has entered his second interim order
authorizing Nicholas L Hugentobler PC's use of cash collateral for
the months of January and February 2019 in accordance with the
Budget.

A final hearing on the Debtor's Cash Collateral Motion is set on
March 1, 2019 at 9:30 a.m.

The adequate protections of each Secured Creditor's interest in
cash collateral proposed to be used by the Debtor are as follows:

     (a) The Debtor will provide any Secured Creditor with a
post-petition lien on all postpetition inventory and income derived
from the operation of the business and assets, to the extent that
the use of the cash results in a decrease in the value of Secured
Creditor's interest in the collateral. All replacement liens will
hold the same relative priority to assets as did the prepetition
liens;

     (b) The Debtor will only use cash collateral in accordance
with the Budget, subject to a deviation on line item expenses not
to exceed 15% without prior agreement of Secured Creditors or an
order of the Court;

     (c) The Budget will be amended to include an adequate
protection payment to Strategic Funding on account of its secured
claim in the amount of $4,000 per month and will receive
replacement liens;

     (d) The Debtor will keep all Secured Creditor's Collateral
fully insured;

     (e) The Debtor will provide Secured Creditors with a complete
accounting, on a monthly basis, of all revenue, expenditures, and
collections through the filing of the Debtor's Monthly Operating
Reports and provide the Secured Lenders with a monthly variance
report showing all actual uses on a line item bases and any
variance to the approved budget; and

     (f) The Debtor will maintain in good repair all of Secured
Creditor's collateral.

A full-text copy of the Second Interim Order is available at

             http://bankrupt.com/misc/cob18-20352-72.pdf

                    About Nicholas L Hugentobler

Nicholas L Hugentobler PC is a medical group that specializes in
podiatry.  Based in Durango, Colorado, Nicholas L Hugentobler filed
a voluntary petition pursuant to Chapter 11 of the Bankruptcy Code
(Bankr. D. Colo. Case No. 18-20352) on Nov. 29, 2018.  In the
petition signed by Nicholas L. Hugentobler, president, the Debtor
disclosed $1,683,547 in assets and $2,822,012 in liabilities.  The
Hon. Michael E. Romero is the case judge.  Kutner Brinen, P.C., led
by name partner Jeffrey S. Brinen, is the Debtor's counsel. The
Debtor hired Solga & Jakino P.A. as accountant.


NY STRAWBERRY: Narcizo Seeks to Recover Unpaid Wages Under FLSA
---------------------------------------------------------------
Arquimidez Alejandro Narcizo aka Jaime aka Jimmy, individually and
on behalf of all others similarly situated v. NY Strawberry Deli
Corp. fdba 14 Organic Gourmet Food, WS Super Deli, Inc. dba
Strawberry Deli, fdba Dolphin's Gourmet Deli, High End Deli Corp.
dba High End Deli, John Doe Corp. dba Chelsea Square Market, Adel
Hadi, Hassan Saleh aka Hassan Ahmed, and Omar Ahmed, Case No.
1:18-cv-11620 (S.D. N.Y., December 12, 2018), seeks to recover
unpaid minimum and overtime wages pursuant to the Fair Labor
Standards Act of 1938 and the New York Labor Law.

The Plaintiff alleges that the Defendants required the Plaintiff to
work an additional 30 minutes to an hour past his scheduled
departure time two days a week, and did not pay him for the
additional time he worked. The Defendants also never granted
Plaintiff Alejandro any breaks or meal periods of any kind, asserts
the complaint.

The Plaintiff Alejandro is a resident of Bronx County, New York.
The Plaintiff was employed as cashier and as a supervisor by the
Defendants from approximately 2004 until on or about November 20,
2018.

The Defendants owned, operated, or controlled the delis, located at
350 W 14th Street, New York, New York 10014 under the name "14
Organic Gourmet Food", at 350 West 14th Street front #3, New York,
New York 10014 under the name "Strawberry Deli" and fdba "Dolphin's
Gourmet Deli", at 320 W 14th Street, New York, New York 10014 under
the name "High End Deli", and at 130 10th Ave, New York, New York
10011 under the name "Chelsea Square Market". [BN]

The Plaintiff is represented by:

      Michael Faillace, Esq.
      MICHAEL FAILLACE & ASSOCIATES, P.C.
      60 East 42nd St., Ste 4510
      New York, NY 10165
      Tel: (212) 317-1200
      Fax: (212) 317-1620



OCWEN FINANCIAL: S&P Affirms 'B-' Long-Term ICR, Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B-' long-term issuer
credit rating on Ocwen Financial Corp. The outlook remains
negative.

S&P said, "At the same time, we affirmed our 'B+' rating on the
company's senior secured term loan. The recovery rating is '1',
reflecting our expectation of very high recovery (90%-100% range,
rounded estimate: 100%) in a simulated default scenario. We also
affirmed our 'B-' rating on the company's second-lien secured notes
and our 'CCC' rating on the company's unsecured notes. Our recovery
rating on the company's second-lien secured notes remains '3',
reflecting our expectation of meaningful recovery (50%-70% range,
rounded estimate: 50%) in a simulated default scenario. Our
recovery rating on the company's unsecured notes remains '6',
reflecting our expectation of negligible recovery (0%-10% range,
rounded estimate: 0%) in a simulated default scenario."

Ocwen completed the acquisition of PHH Corp. in October 2018 and
has targeted achieving run-rate cost savings of $200 million over
the next 12-18 months. S&P expects that because of the time it will
take to realize cost savings, and in part due to merger-related
expenses, operating cash flow will be down significantly in 2019.
In addition, Ocwen has approximately $98 million in notes that
mature in 2019 mostly from PHH's term notes, and $236 million of
maturities in 2020 from its senior secured term loan. Furthermore,
the company has another PHH-related note with $21 million
outstanding that is due in 2021, and its senior secured second-lien
notes with $347 million outstanding are due in 2022.

S&P said, "The negative outlook reflects our view that execution
risks remain regarding Ocwen's integration of the PHH acquisition
and its transition to the MSP Black Knight servicing platform from
REAL Servicing. We expect that revenues from Ocwen's servicing
business will continue to run off as mortgage servicing rights
(MSRs) amortize and that Ocwen will work over the next 12-18 months
to integrate PHH and to realize its cost saving goals. We expect
interest coverage to remain above 1x and for Ocwen to maintain a
cushion for its minimum tangible net worth and loan to value debt
covenants.

"We could lower the rating in the next 12 months if the company's
interest coverage falls below 1.0x or if debt to tangible equity
rises above 1.5x. We could also lower the rating if the company
approaches debt covenants or is unable to refinance upcoming
maturities."

An upgrade is unlikely in the next 12 months.


OMEROS CORP: Ingalls & Snyder Has 11.4% Stake as of Dec. 31
-----------------------------------------------------------
Ingalls & Snyder, LLC disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of Dec. 31, 2018, it
beneficially owns 5,582,273 shares of common stock of Omeros
Corporation, which represents 11.4 percent of the shares
outstanding.  Ingalls & Snyder is a registered broker dealer and a
registered investment advisor.  Shares reported under shared
dispositive power include shares held in accounts managed under
investment advisory contracts.  A full-text copy of the regulatory
filing is available for free at https://is.gd/oEIZ4J

                     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 Sept. 30, 2018, the Company had
$75.61 million in total assets, $24.58 million in total current
liabilities, $131.69 million in notes payable and lease financing
obligations, $8.32 million in deferred rent, and a total
shareholders' deficit of $88.99 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.


PARHELION LLC: Seeks to Hire Carole Feldman as Accountant
---------------------------------------------------------
Parhelion, LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Virginia to hire an accountant.

The Debtor proposes to employ Carole Feldman, a certified public
accountant, to give advice regarding its duties under the Internal
Revenue Code; prepare or review tax returns, financial statements,
and monthly operating reports; and provide other accounting
services necessary to administer its bankruptcy estate.

The accountant will charge $95 per hour for consulting services and
$125 per hour for tax return preparation and related services.

Ms. Feldman is "disinterested" within the meaning of section 327 of
the Bankruptcy Code, according to court filings.

                       About Parhelion LLC

Parhelion, LLC describes its business as a single asset real estate
(as defined in 11 U.S.C. Section 101(51B)).  It has equitable
interest in a commercial building located at 3850 Jermantown Road
in Fairfax, Virginia.  The current value of the company's interest
is $4.5 million.

Parhelion sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Va. Case No. 18-13978) on Nov. 26, 2018.

At the time of the filing, the Debtor disclosed $4,500,000 in
assets and $2,943,409 in liabilities.  

The case is assigned to Judge Klinette H. Kindred.


PARHELION LLC: Seeks to Hire Stewart Law Firm as Counsel
--------------------------------------------------------
Parhelion, LLC, seeks approval from the U.S. Bankruptcy Court for
the Eastern District of Virginia to hire The Stewart Law Firm,
PLLC, 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.

Stewart Law Firm's hourly rates range from $125 to $425.  Dawn
Stewart, Esq., the attorney who will be handling the case, has
agreed to represent the Debtor at a discounted rate of $300 per
hour.

The firm was paid the sum of $8,783 for its pre-bankruptcy
services.

Stewart Law Firm and its attorneys are "disinterested" as defined
in Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Dawn C. Stewart, Esq.   
     The Stewart Law Firm, PLLC
     1050 Connecticut Avenue, NW 5th Floor  
     Washington, DC 20036   
     Phone: 202-772-1080  
     Fax: 202-521-0616  
     Email: dstewart@thestewartlawfirm.com

                       About Parhelion LLC

Parhelion, LLC describes its business as a single asset real estate
(as defined in 11 U.S.C. Section 101(51B)).  It has equitable
interest in a commercial building located at 3850 Jermantown Road
in Fairfax, Virginia.  The current value of the company's interest
is $4.5 million.

Parhelion sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. E.D. Va. Case No. 18-13978) on Nov. 26, 2018.  At the time
of the filing, the Debtor disclosed $4,500,000 in assets and
$2,943,409 in liabilities.  The case is assigned to Judge Klinette
H. Kindred.  The Stewart Law Firm, PLLC, is the Debtor's counsel.



PENOBSCOT VALLEY HOSPITAL: Case Summary & 23 Unsecured Creditors
----------------------------------------------------------------
Debtor: Penobscot Valley Hospital
        PO Box 368
        Lincoln, ME 04457

Business Description: Penobscot Valley Hospital operates a general
                      medical and surgical facility in Lincoln,
                      Maine.  Penobscot Valley Hospital has been
                      serving the community for over 40 years with
                      a wide variety of services and treatment
                      options.  For more information, visit
                      http://www.pvhme.org.

Chapter 11 Petition Date: January 29, 2019

Court: United States Bankruptcy Court
       Maine (Bangor)

Case No.: 19-10034

Judge: Hon. Michael A. Fagone

Debtor's Counsel: Sage M. Friedman, Esq.
                  MURRAY PLUMB & MURRAY
                  75 Pearl Street, 3rd Floor
                  Portland, ME 04101
                  Tel: (207) 523-8242
                  Fax: (207) 773-8023
                  E-mail: sfriedman@mpmlaw.com

                    - and -

                  Andrew Helman, Esq.
                  MURRAY PLUMB & MURRAY
                  75 Pearl Street
                  Portland, ME 04101
                  Tel: (207) 773-5651
                       (207) 523-8290
                  Fax: (207) 773-3210
                  E-mail: ahelman@mpmlaw.com

                    - and -

                  Kelly McDonald, Esq.
                  MURRAY PLUMB & MURRAY
                  75 Pearl Street
                  Portland, ME 04101
                  Tel: 207-523-8219
                  E-mail: kmcdonald@mpmlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Crystal Landry, chief executive
officer.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 23 largest unsecured creditors is available
for free at:

             http://bankrupt.com/misc/meb19-10034.pdf


PG&E CORP: Consumer Watchdog Calls for Ouster of California PUC
---------------------------------------------------------------
Consumer Watchdog called for the ouster of the California Public
Utilities Commission over its decision on Jan. 28, 2019, to extend
a $6 billion credit line to Pacific Gas & Electric in an unneeded
emergency process that allowed no time for scrutiny.  The
unprecedented vote makes it easier for PG&E to go into bankruptcy
today and avoid accountability to wildfire victims, ratepayers and
taxpayers.

Such financing was not approved in PG&E's first bankruptcy in 2001
and the lights stayed on.  The nonprofit group said the decision
will saddle nearly half the state's ratepayers with steep rate
hikes and/or long-term debt.

"The Public Utilities Commission just gave a convicted felon
six-times over a $6 billion credit line backed by ratepayers going
into bankruptcy without any strings or even a credit review," said
Consumer Watchdog President Jamie Court.  "Governor Newsom should
seek the resignation of President Picker and the members of the PUC
who betrayed ratepayers and wildfire victims, as well as public
officials seeking to stop PG&E from going into bankruptcy and
sticking the public with billions in costs that should be
shareholder obligations."

The four remaining Jerry Brown appointees on the PUC voted on an
"emergency basis" and over the objections of the Office of
Ratepayer Advocate and consumer groups to pre-approve the
ratepayer-backed $6 billion line of credit for PG&E.  Newsom's
appointee was not yet sworn in.  The PUC rejected a proposed
amendment by the ratepayer advocates' office to require that
unreasonable costs not be passed onto ratepayers.

"Without allowing time for regular hearings and review President
Picker and the three remaining Brown-appointees to the PUC voted to
put the interests of PG&E over that of ratepayers, who will bear
the cost of the billions in bonds without conditions, and wildfire
victims, who will be in line behind banks and lawyers to get paid
in bankruptcy," noted Court.

Monday's bonds are separate from the ratepayer bailout bonds for
2017 wildfire victims approved by the legislature last year that
have not yet been initiated, and both bonds would be added to
ratepayers' bills.  The likely costs to ratepayers will be tens of
billions of dollars, which would result in years of double digit
hikes and/or long term indebtedness.

"Following the Tubbs report it was even clearer that PGE did not
need to go into bankruptcy but is looking to avoid accountability
to wildfire victims and the public there.  [Mon]day's decision
priorities PG&E, its bankers and its lawyers over the public.  It's
time for this PUC to be replaced with a pro-consumer Commission."

"By allowing the PG&E to used its $60 billion in assets as security
for the bonds, the PUC has also made it harder for public buyout of
those assets and for municipal utilities to use eminent domain to
takeover PG&E assets.  This decision was truly a Pearl Harbor for
the public and showed this PUC cannot be trusted to protect the
public."

                      About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco.  It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

As of Sept. 30, 2018, the Debtors, on a consolidated basis, had
reported $71.4 billion in assets on a book value basis and $51.7
billion in liabilities on a book value basis.

PG&E Corp. and Pacific Gas employ approximately 24,000 regular
employees, approximately 20 of whom are employed by PG&E Corp.  Of
Pacific Gas' regular employees, approximately 15,000 are covered by
collective bargaining agreements with local chapters of three labor
unions: (i) the International Brotherhood of Electrical Workers;
(ii) the Engineers and Scientists of California; and (iii) the
Service Employees International Union.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, said they are facing extraordinary challenges
relating to a series of catastrophic wildfires that occurred in
Northern California in 2017 and 2018.  The utility said it faces an
estimated $30 billion in potential liability damages from
California's deadliest wildfires of 2017 and 2018.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP are
serving as PG&E's legal counsel, Lazard is serving as its
investment banker and AlixPartners, LLP is serving as the
restructuring advisor to PG&E.  Prime Clerk LLC is the claims and
noticing agent.

In order to help support the Company through the reorganization
process, PG&E has appointed James A. Mesterharm, a Managing
Director at AlixPartners, LLP, and an authorized representative of
AP Services, LLC, to serve as Chief Restructuring Officer.  In
addition, PG&E appointed John Boken also a Managing Director at
AlixPartners and an authorized representative of APS, to serve as
Deputy Chief Restructuring Officer.  Mr. Mesterharm, Mr. Boken and
their colleagues at AlixPartners will continue to assist PG&E with
the reorganization process and related activities.


PHILMAR CARE: Trustee Seeks to Hire SulmeyerKupetz as Counsel
-------------------------------------------------------------
Howard Ehrenberg, the Chapter 11 trustee for Philmar Care LLC,
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to hire SulmeyerKupetz, APC as his legal
counsel.

The firm will assist the trustee in investigating the Debtor's
financial affairs; examine claims of creditors; give legal advice
regarding the use, sale or lease of property of the Debtor's
estate; prepare a plan of reorganization; and provide other legal
services related to its Chapter 11 case.

The firm will charge at these hourly fees:

     Daniel Lev     $650
     Asa Hami       $595
     Claire Wu      $475

Daniel Lev, Esq., at SulmeyerKupetz, disclosed in a court filing
that his firm does not hold any interest adverse to the Debtor's
estate, creditors or equity security holders.

SulmeyerKupetz can be reached through:

     Daniel A. Lev, Esq.
     SulmeyerKupetz
     A Professional Corporation
     333 South Grand Avenue, Suite 3400
     Los Angeles, CA 90071
     Phone: 213.617.5231 / 213.626.2311
     Fax: 213.629.4520
     Email: dlev@sulmeyerlaw.com

                       About Philmar Care

Philmar Care, LLC, operates an assisted living facility located at
12260 Foothill Blvd. Sylmar, California.  It provides long-term
skilled nursing care, other types of care, and social services.

Philmar Care sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 18-12966) on Dec. 10, 2018.  The Debtor previously filed a
Chapter 11 petition (Bankr. C.D. Cal. Case No. 18-20286) on Dec. 7,
2018.

In the petition signed by Philip R. Weinberger, managing member,
the Debtor estimated $1 million to $10 million in assets and $1
million to $10 million in liabilities.  The case is assigned to
Judge Martin R. Barash.  The Debtor tapped Ashley M. McDow, Esq.,
at Foley & Lardner LLP, as its legal counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Jan. 4, 2019.  The Committee retained Arent
Fox LLP, as its counsel.

Howard M. Ehrenberg was appointed as Chapter 11 trustee for the
Debtor's estate.


PHOENIX GUARANTOR: Moody's Assigns B2 CFR, Outlook Stable
---------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating and
B2-PD Probability of Default Rating to Phoenix Guarantor, Inc.
Moody's also assigned a B1 rating to the company's proposed senior
secured first lien credit facilities and a Caa1 rating to its
secured second lien credit facility. The rating outlook is stable.

Proceeds from the term loans will be used, in part, to finance the
merger of PharMerica Corporation ("PharMerica"; B2 review for
downgrade), with BrightSpring Health Services ("BrightSpring",
unrated). PGI will be the parent company and the borrowing entity
for the merged businesses. The combined company will be majority
owned by Kohlberg Kravis and Roberts & Co. LP, with minority
ownership by Walgreen Co. (Baa2 stable) and management.

Ratings Assigned:

Issuer: Phoenix Guarantor Inc.

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

$187.5 million Gtd Senior Secured 1st lien Revolving Credit
Facility expiring 2024, Assigned B1 (LGD3)

$1,650 million Gtd Senior Secured 1st lien Term Loan due 2026,
Assigned B1 (LGD3)

$450 million Gtd Senior Secured 2nd lien Term Loan due 2027,
Assigned Caa1 (LGD6)

Outlook Actions:

Issuer: Phoenix Guarantor Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

The B2 CFR reflects PGI's high financial leverage, integration risk
and heavy reliance on government payors. Moody's estimates that
PGI's adjusted debt/EBITDA, including pro forma synergies will be
approximately 5.5 times when the merger transaction closes. Without
these pro forma synergies, the adjusted debt/EBITDA will be
approximately 6.2 times. The rating also reflects Moody's view that
the company will continue to be acquisitive, and will use its free
cash flow for acquisitions. That said, the merged company's
businesses will have a national footprint and strong market
positions that will be difficult to replicate by smaller players in
a very fragmented industry. With over $4 billion in pro forma
revenue, the company will have significant scale and a relatively
diverse mix of businesses. Moody's believes that the underlying
demand for PGI's services, including home-based services for
seniors and people with intellectual and developmental
disabilities, will continue to grow. This will be driven by the
aging of the US population and an increasing focus on healthcare
cost containment.

The stable outlook reflects Moody's expectation that, although
operating earnings will grow at a moderate pace, PGI's leverage
will remain high as it is likely to pursue an aggressive growth
strategy.

Ratings could be downgraded if the company's liquidity and/or
operating performance deteriorates, or if the company fails to
effectively manage the integration of the two businesses. The
ratings could also be downgraded if the company pursues an
aggressive debt-funded acquisition strategy or if free cash flow
becomes negative on a sustained basis. Specifically, if the company
operates with adjusted debt/EBITDA sustained above 6.0 times,
Moody's could downgrade the ratings.

Ratings could be upgraded if PGI successfully integrates the two
businesses and captures material cost synergies. Stable organic
growth and steady margin expansion such that adjusted debt/EBITDA
is sustained below 5.0 times could support an upgrade.

Phoenix Guarantor Inc. will be the parent company of PharMerica
Corporation and BrightSpring Health Services. PharMerica is a
provider of assisted living, institutional, specialty, and home
infusion pharmacy services. BrightSpring is a provider of
diversified home and community health services to complex client
and patient segments with significant life-long and chronic health
needs. The annual revenues of PharMerica and BrightSpring are
approximately $2.5 billion and $1.9 billion respectively.



QUANTUM CORP: Common Stock Delisted from NYSE
---------------------------------------------
The New York Stock Exchange LLC has filed a Form 25 with the
Securities and Exchange Commission notifying the removal from
listing or registration of Quantum Corp.'s common stock from the
Exchange.

                      About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com-- is a scale-out tiered storage, archive
and data protection company, providing solutions for capturing,
sharing, managing and preserving digital assets over the entire
data lifecycle.  From small businesses to major enterprises, more
than 100,000 customers have trusted Quantum to address their most
demanding data workflow challenges.  Quantum's end-to-end, tiered
storage foundation enables customers to maximize the value of their
data by making it accessible whenever and wherever needed,
retaining it indefinitely and reducing total cost and complexity.

As of Sept. 30, 2017, Quantum Corp had $211.2 million in total
assets, $335.5 million in total liabilities, and a total
stockholders' deficit of $124.3 million.  

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


QUARRY SERVICES: Seeks to Hire Wiggam & Geer as Legal Counsel
-------------------------------------------------------------
Quarry Services, LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to hire
Wiggam & Geer, LLC as their legal counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code; represent them with respect to a bankruptcy plan;
conduct examination; and provide other legal services related to
their Chapter 11 cases.

Wiggam & Geer charges $400 per hour for attorneys and $150 per hour
for legal assistants.  The firm received a $37,521 retainer, of
which $14,816 was used to pay its pre-bankruptcy legal fees and
filing fees.

Will Geer, Esq., at Wiggam & Geer, disclosed in a court filing that
he and his firm neither hold nor represent any interest adverse to
the Debtors and their bankruptcy estates.

The firm can be reached through:

     Will B. Geer, Esq.
     Wiggam & Geer, LLC
     50 Hurt Plaza, SE, Suite 1245
     Atlanta, GA 30328
     Tel: (678) 587-8740
     Fax: (404) 287-2767
     Email: wgeer@wiggamgeer.com

                     About Quarry Services

Quarry Services, LLC, Confinement Management Systems, LLC, and
Mining Solutions, LLC operate a drilling and mining business
servicing customers across the Southeast.  Charles Selman owns the
companies' membership interests.  The companies have the same
secured creditors and are part of one business operation.

On Jan. 22, 2019, Quarry Services, Confinement Management Systems
and Mining Solutions sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Lead Case No. 19-20103).  At the
time of the filing, Quarry Services estimated assets of $1 million
to $10 million and liabilities of $1 million to $10 million.  The
cases are assigned to Judge James R. Sacca.  Wiggam & Geer, LLC, is
the Debtor's counsel.



RAGGED MOUNTAIN: Seeks Approval of 5th Interim Cash Collateral Use
------------------------------------------------------------------
Ragged Mountain Equipment, Inc., requests the U.S. Bankruptcy Court
for the District of New Hampshire to authorize the use of cash
collateral for the fifth interim period from Feb. 1, 2019 to April
30, 2019, to avoid immediate and irreparable harm to its business.

The Debtor believes the only secured creditors whose liens could
possibly attach to any assets are: (a) first lien holder Eastern
Bank, which is owed approximately $330,000; and second "all asset"
lien holder is Northway Bank, which is owed approximately $100,000
on a line of credit.  Asset valuation for the fifth interim period,
including inventory, cash and receivables is approximately
$430,000.

The Debtor has previously reached an agreement with Eastern Bank
and Northway Bank for use of cash during the case so far. The
Debtor has agreed to pay Eastern Bank $500 per week and Northway
Bank $1,000 per month as well as comply with some reporting
requirements.

The Debtor does not yet have the agreement of Eastern and Northway
for use of cash during the Fifth Interim Period. Thus, the Debtor
seeks to continue the terms of use of cash collateral on the same
terms and conditions it had with Eastern Bank and Northway Bank
during the Fifth Interim Period.

The Debtor's counsel has no retainer. Accordingly, the Debtor
requests the Court to authorize a retainer post-petition of $5,000
per month to be held by counsel until approval of fees.

A full-text copy of the Order is available at

              http://bankrupt.com/misc/nhb18-10091-197.pdf

                  About Ragged Mountain Equipment

Ragged Mountain Equipment, Inc., doing business as Durable Designs
-- http://raggedmountain.com/-- operates a sporting goods store in
Intervale, New Hampshire.  The company offers equipment for
camping, climbing, skiing, and pets such as handwear, gaiters,
headgear, luggage and buckles.
  
Ragged Mountain Equipment and its affiliate Hurricane Mountain
Equipment LLC filed Chapter 11 petitions (Bank. D.N.H. Case Nos.
18-10091 and 18-10092) on Jan. 25, 2018.

In the petitions signed by Robert D. Nadler, authorized
representative, Ragged Mountain disclosed $627,408 in assets and
$2,060,000 in liabilities; and Hurricane Mountain estimated
$500,000 to $1 million in assets and $500,000 to $1 million in
liabilities.

Steven M. Notinger, Esq., at Notinger Law, PLLC, serves as counsel
to the Debtors.


SAM KANE: Court Approves Asset Sale Bid Procedures
--------------------------------------------------
BankruptcyData.com reported that the Court presiding over the
bankruptcy case of Sam Kane Beef Processors issued an order (i)
approving auction and bidding procedures, (ii) scheduling an
auction and sale hearing and (ii) authorizing the abandonment of
any assets not otherwise sold at the auction.

In its motion, the Debtor noted that negotiations with a
prospective going concern stalking horse bidder had fallen through
and stressed the need (i) to press ahead with an aggressive auction
timetable and (ii) to make the Debtors assets available on a
non-going concern, lot-by-lot basis.

Key provisions of the Court's present bidding procedures order
include:

  * Any party asserting an interest in the Assets that intends to
credit bid must file a Notice of Intent to Credit Bid not later
February 1, 2019 (a "Credit Bid Notice"), with any objections due
to a proposed credit bid due by February 4, 2019.

  * Lender Rabo Agrifinance, Inc. ("Rabo") has agreed not to
transfer its loan and security document to a third party prior to
the Auction. Rabo, to which the Debtors owe $12 million in respect
of a secured loan, shall submit its credit bid by the Bid Deadline.
Rabo shall not otherwise participate in the auction as a Qualified
Bidder. Rabo shall, however, be allowed to attend the auction and
consult with the Debtor as a secured creditor.

  * Only Qualified Bidders may participate in the bidding process.
To become a Qualified Bidder, a potential bidder must submit a
Qualified Bid by February 4, 2019 which must include a deposit the
greater $250,000 or 10% of Purchase Price Value of those assets
identified by the bidder in an escrow account and otherwise prove
the ability to consummate the purchase of auctioned assets.

  * The auction for the assets will be conducted on February 6,
2019, commencing at 9:30 a.m. Central Time in Courtroom 400, 515
Rusk, Houston, TX 77002. Only Qualified Bidders may participate in
the auction. The Debtor may conduct the auction by any grouping of
assets, in any order, that it deems appropriate. Minimum overbid
increments at the auction shall be in the amount of not less than
$25,000.00.

  * All due diligence must be completed before the Bid Deadline.
No condition(s) allowing or regarding further due diligence will be
accepted or authorized after the Bid Deadline.

  * All Potential Purchasers will be provided with a term sheet to
be submitted for purposes of submitting their bid. The draft term
sheet will specify the different lots of assets to be bid on. The
lots include:

Lot 1: All assets of the debtor, excluding cash.
Lot 2: PP&E and other assets necessary to operate
        the plant as a going concern.
Lot 3a: Inventory
Lot3b: Accounts Receivable
Lot 4: Machinery and equipment
Lot 5: Land and building

Key Dates:

Credit Bid Notice:    February 1, 2019
Bid Deadline:         February 4, 2019
Auction:              February 6, 2019

                  About Sam Kane Beef Processors

Sam Kane Beef Processors, LLC, is an independent, fully-automated
processor and distributor of beef and beef products based in Corpus
Christi, Texas.  Since its beginnings in 1949, Kane Beef has
expanded from a local meat counter to a nationally recognized
supplier of dependable beef products with key accounts in retail
and foodservice.  

Sam Kane filed for bankruptcy protection (Bankr. S.D.N.Y. Case No.
1920020) on Jan. 22, 2019.  In the petition signed by Richard S.
Schmidt, receiver.  The Debtor estimated assets and liabilities of
$50 million to $100 million.  The Hon. David Jones presides over
the case.  Matthew Scott Okin, Esq., of Okin & Adams LLP,
represents the Debtor.


SHILOH MISSIONARY: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Shiloh Missionary Baptist Church of Daytona
Beach as of Jan. 29, according to a court docket.

            About Shiloh Missionary Baptist Church
                    of Daytona Beach Inc.

Shiloh Missionary Baptist Church of Daytona Beach, Inc., a Baptist
church established in 1992, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-07791) on Dec.
17, 2018.  At the time of the filing, the Debtor estimated assets
of less than $1 million and liabilities of $1,000,001 to $10
million.  The case is assigned to Judge Karen S. Jennemann.  Buddy
D. Ford, P.A., is the Debtor's counsel.


SHOPKO STORES: Wants to Obtain $480-Mil Loan, Use Cash Collateral
-----------------------------------------------------------------
Specialty Retail Shops Holding Corp. and its debtor affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Nebraska to obtain financing under the DIP Facility and to use the
Pre-Petition Collateral, including the cash collateral of the
Prepetition Secured Parties.

The Debtors, as borrowers and guarantors, the revolving loan
lenders party thereto, the term loan lenders party thereto, Wells
Fargo Bank, N.A., as administrative agent and collateral agent for
the Revolving Loans A, Revolving Loans A-1, and Term Loan B, Spirit
Realty L.P., as the administrative agent and collateral agent for
the Term Loan B-1, are parties to that certain Third Amended and
Restated Credit Agreement, governing the Pre-Petition Loan
Agreement.

The Pre-Petition Loan Agreement provides for a senior secured
revolving credit facility: (i) Revolving Loans A, with a maximum
availability of $700 million, and (ii) a senior secured term loan,
Revolving Loans A-1, with a maximum availability of $30 million
(the "Prepetition ABL Obligations"). The Prepetition ABL Loans
mature in June 2020.

As of the Petition Date, the aggregate principal amount outstanding
under the Prepetition ABL Loans was not less than $315 million.
Each of the Debtors have guaranteed the Prepetition ABL
Obligations. The Prepetition ABL Obligations are secured by a first
priority lien on substantially all of the Debtors' assets that are
not Term Loan Priority Collateral, including accounts receivable,
inventory, cash and cash equivalents and by a second priority lien
on the Debtors’ capital stock and other personal property,
including the Debtors' intellectual property and investment
contracts.

The Pre-Petition Loan Agreement also provides for term loans: (a)
Term Loan B, with a maximum availability of $72.5 million; and (b)
Term Loan B-1, with a maximum availability of $35 million. The
Prepetition Term Loans mature in June 2020. As of the Petition
Date, the aggregate principal amount outstanding under the
Prepetition Term Loans was approximately $83.4 million. Each of the
Debtors is either borrowers of or has guaranteed the Prepetition
Term Loan Obligations. The Prepetition Term Loan Obligations are
secured by first-priority liens on the Term Loan Priority
Collateral, including the Debtors' intellectual property,
equipment, and intangibles and books and records related to the
Debtors’ intellectual property and equipment.

The Debtors propose to obtain financing under the DIP Facility by
providing security interests, liens, and superpriority claims as
set forth in the Financing Agreements. Specifically, the Debtors
propose to provide to the Lenders continuing, valid, binding,
enforceable, non-avoidable, and automatically and properly
perfected postpetition security interests in and liens on the
Collateral, which includes substantially all of the Debtors'
assets.

After a series of significant, arms'-length and good faith
negotiations, the Debtors' Prepetition Lenders agreed to provide
the postpetition financing required to support the Debtors' estates
during the chapter 11 cases. Specifically, the Prepetition Lenders
agreed to provide an approximately $480 million DIP Facility on
terms similar to those provided under the Pre-Petition Loan
Agreement. Additionally, upon entry of the Interim Order, certain
Pre-Petition Obligations under the Pre-Petition Loan Agreement will
be "rolled-up" on a "creeping" basis and converted into
Post-Petition Obligations as the DIP Facility is drawn down.

The Debtor proposes to obtain senior secured postpetition financing
on a superpriority basis consisting of (i), a senior secured
superpriority revolving credit facility up to the aggregate
principal amount of up to $400 million (ii), a senior secured
first-in-last-out revolving credit facility of up to $30 million,
and (iii) a senior secured term loan of up to $49,055,313.

The Lenders will receive liens securing the Post-Petition
Obligations, which will be senior in priority and superior to any
security, mortgage, collateral interest, lien, or claim to any of
the Collateral, except that the DIP Liens will be subject to the
Carve Out in all respects and will otherwise be junior only to the
Permitted Liens.

The Debtors propose to provide the Prepetition Secured Parties with
a variety of forms of adequate protection to protect against the
postpetition diminution in value of the Cash Collateral (as well as
the Pre-Petition Collateral) resulting from the use of the Cash
Collateral, including: (a) continuing, valid, binding, enforceable,
non-avoidable, and perfected postpetition security interests in and
liens on the Collateral; (b) superpriority administrative claims
under section 507(b) of the Bankruptcy Code; (c) the professional
fees and expenses incurred by the Agent; and (d) with respect to
the Prepetition ABL Lenders and Prepetition Term Loan B Lenders,
payment of interest, fees, and principal due under the Prepetition
ABL Loans and Prepetition Term Loan B.

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

           http://bankrupt.com/misc/neb19-80064-35.pdf

                           About Shopko

Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko
Stores Operating Co., LLC -- http://www.shopko.com-- is a $3
billion retailer that operates more than 360 stores in 26 states
throughout the Central, Western and Pacific Northwest regions.
Retail formats include 126 Shopko stores, providing quality
name-brand merchandise, great values, pharmacy and optical services
in small to mid-sized cities; 5 Shopko Express Rx stores, a
convenient neighborhood drugstore concept; 6 Shopko Pharmacy
locations; 4 Shopko Optical locations and 234 Shopko Hometown
stores, a smaller concept store developed to meet the needs of
smaller communities.

Shopko Stores and 13 affiliates sought Chapter 11 protection in
Omaha, Nebraska, on Jan. 16, 2019.  The lead case is In re
Specialty Retail Shops Holding Corp. (Bankr. D. Neb. Case No.
19-80064).

Kirkland & Ellis LLP is acting as the Company's legal counsel, BRG
is serving as restructuring advisor and Houlihan Lokey is acting as
financial advisor.  Prime Clerk LLC is the claims and noticing
agent.


SPECIALTY RETAIL: To Pursue Equitization Restructuring or Sale
--------------------------------------------------------------
Specialty Retail Shops Holding Corp. and its debtor affiliates
filed a Chapter 11 plan and disclosure statement, which
contemplates a restructuring of the Debtors through either (a) a
sponsor-led Equitization Restructuring or (b) an orderly
liquidation under the Asset Sale Restructuring.

The Troubled Company Reporter, citing BankruptcyData.com, said the
Debtors filed a notice detailing the results of an auction held in
respect of their pharmacy assets on January 23, 2019. Walgreens
Boots Alliance was named the successful bidder in respect of about
half of the pharmacies auctioned off (63 stores). Albertsons (7),
CVS (13), Hy-Vee (6), Lewis Drug (6) and Vogt Pharmacies (5) also
each tendered winning bids in respect of multiple locations. Full
results as to successfull bidders (and back-ups) are included with
the notice and the Debtors are expected to further notify the Court
as to purchase prices and asset purchase agreements on January 28,
2019.

The Plan contemplates the following transactions under the
Equitization Restructuring:

   * The issuance of the New Shopko Interests;

   * The Debtors Prepetition ABL Obligations and certain
Prepetition Term Loan Obligations being rolled up into the DIP
Facility that consists of (a) $400 million Revolving A Loans, (b)
$30 million in Revolving A-1 Loans, and (c) $50 million in a senior
secured term loan;

   * The entrance by the Reorganized Debtors into the Exit
Facility, pursuant to which either (i) the DIP Lenders will convert
their DIP Claims into commitments under such an Exit Facility; or
(ii) the Reorganized Debtors will enter into a new credit facility
sufficient to both repay the portion of the DIP Facility provided
by the DIP Lenders and to provide incremental liquidity;

   * The investment by the Plan Sponsor in exchange for New Shopko
Interests; and

   * Interests in Shopko being canceled and extinguished.

Class 7 - General Unsecured Claims are impaired. If the
Equitization Restructuring occurs, each Holder of an Allowed
General Unsecured Claim shall receive its Pro Rata share of, at the
election of the Debtors, [either (a) 80.1% of the New Shopko
Interests, subject to dilution by the Plan Sponsor Investment and
the Management Incentive Plan or (b) its Pro Rata share of the GUC
Equitization Distribution in one or more distributions. If the
Asset Sale Restructuring occurs, each Holder of a General Unsecured
Claim will receive its Pro Rata share of the Distribution Proceeds
as provided in Article VIII.G of the Plan.

Class 1 - Other Secured Claims are impaired. Each Holder of an
Allowed Other Secured Claim will receive, at the Debtors’
election: (a) payment in full in Cash, which may come from the
Other Secured Claims Reserve; (b) delivery of the collateral
securing any such Claim and payment of any interest; (c)
Reinstatement of such Claim; or (d) other treatment rendering such
Claim Unimpaired.

Class 2 - Other Priority Claims are impaired. Each Holder of an
Allowed Other Priority Claim will receive its Pro Rata share of the
Priority Claims Reserve.

Class 3 - Revolving Loan A Claims are impaired. If the Equitization
Restructuring occurs, each Holder of an Allowed Revolving Loan A
Claim will either: (a) receive payment in full in Cash of such
Holder’s Allowed Revolving Loan A Claim or (b) with the consent
of such Holder, receive its Pro Rata share of the Exit Facility.

Class 4 - Revolving Loan A-1 Claims are impaired. If the
Equitization Restructuring occurs, each Holder Allowed Revolving
Loan A-1 Claim will either: (a) receive payment in full in Cash of
such Holder’s Allowed Revolving Loan A-1 Claim or (b) with the
consent of such Holder, receive its Pro Rata share of the Exit
Facility.

Class 5 - Term Loan B Claims are impaired. If the Equitization
Restructuring occurs, each Holder of an Allowed Term Loan B Claim
will receive either: (a) payment in full in cash; or (b) as agreed
by such Holder of an Allowed Term Loan B Claim and the Debtors, its
Pro Rata share of the Exit Facility.

Class 6 - Term Loan B-1 Claims are impaired. If the Equitization
Restructuring occurs, each Holder of an Allowed Term Loan B-1 Claim
will receive its Pro Rata share of 19.9% of the New Shopko
Interests, subject to dilution by the Plan Sponsor Investment and
the Management Incentive Plan.

Class 8 - Intercompany Claims are impaired. Each Allowed
Intercompany Claim, unless otherwise provided for under the Plan,
will either be Reinstated or canceled and released at the option of
the Debtors; provided, that no distributions shall be made on
account of any such Intercompany Claims

Class 10 - Interests in Shopko are impaired. Each Allowed Interest
in Shopko shall be canceled, released, and extinguished, and will
be of no further force or effect and no Holder of Interests in
Shopko shall be entitled to any recovery or distribution under the
Plan on account of such Interests

Class 11 - Section 510(b) Claims are impaired. Section 510(b)
Claims will be canceled, released, and extinguished as of the
Effective Date, and will be of no further force or effect, and each
Holder of a Section 510(b) Claim will not receive any distribution
on account of such Section 510(b) Claim.

The Reorganized Debtors shall fund distributions under the Plan
from the following sources such as cash on hand, Issuance and
Distribution of New Shopko Interests, Exit Facility and Plan
Sponsor Investment.

A full-text copy of the Disclosure Statement dated January 16,
2019, is available at:

         http://bankrupt.com/misc/neb19-1980064TLS-54.pdf

                About Specialty Retail Shops

Specialty Retail Shops Holding Corp. and its affiliates are engaged
in the sale of general merchandise including clothing, accessories,
electronics, and home furnishings, as well as company-operated
pharmacy and optical services departments. The Debtors are
headquartered in Green Bay, Wisconsin, and operate 367 stores in 25
states throughout the United States as well as e-commerce
operations. The Debtors currently employ approximately 14,000
people throughout the United States.

Specialty Retail Shops Holding and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Neb. Lead Case
No. 19-80064) on January 16, 2019.  At the time of the filing, the
Debtors had estimated assets of $500 million to $1 billion and
liabilities of $1 billion to $10 billion.

The cases are assigned to Judge Thomas L. Saladino.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel; McGrath North
Mullin & Kratz, P.C. LLO as local counsel; Houlihan Lokey Capital,
Inc., as investment banker; Berkeley Research Group, LLC, as
restructuring advisor; Hilco Real Estate, LLC as real estate
Consultant; Willkie Farr & Gallagher LLP as special counsel; Ducera
Partners LLC as financial advisor; and Prime Clerk LLC as notice
and claims agent.

A seven-member panel has been appointed as official unsecured
creditors committee in the cases.

The Committee proposes to retain as counsel:

     Robert J. Feinstein, Esq.
     Bradford J. Sandler, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     780 Third Avenue, 34th Floor
     New York, NY 10017
     Telephone: (212) 561-7700
     Facsimile: (212) 561-7777
     E-mail: rfeinstein@pszjlaw.com
             bsandler@pszjlaw.com

        -- and --

     Alan J. Kornfield, Esq.
     Jeffrey N. Pomerantz, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., 13th Floor
     Los Angeles, CA 90067
     Email: akornfield@pszjlaw.com
            jpomerantz@pszjlaw.com

        -- and --

     Elizabeth M. Lally, Esq.
     Jeana L. Goosmann, Esq.
     Joel Carney, Esq.
     GOOSMANN LAW FIRM, PLC
     The Advent Building
     17838 Burke Street, Suite 250
     Omaha, NE 68118
     Telephone: (402) 280-7648
     Facsimile: (402) 505-3967
     E-mail: lallye@goosmannlaw.com
             goosmannj@goosmannlaw.com
             carneyj@goosmannlaw.com


SYNERGY PHARMACEUTICALS: U.S. Trustee Forms 7-Member Equity Panel
-----------------------------------------------------------------
The U.S. Trustee for Region 2 on Jan. 29 appointed seven creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 cases of Synergy Pharmaceuticals Inc. and its
affiliates.

The committee members are:

     (1) Samuel Goldstein
         49 Lagunita Drive
         Laguna Beach, CA 92651   

     (2) Jerome Lewis Jennings
         4998 Red Pine Ave.
         Burnee, IL 60031   

     (3) John J. Sastry
         15969 Downall Green Drive
         Chesterfield, MO 63017

     (4) Michael L. Meyer
         180 New Port Center Dr., Suite 230
         Newport Beach, CA 92660

     (5) Dorin Toderas
         12A, Remetea St.
         Cluj-Napoca, 400344, Romania

     (6) Rohit Sharma
         416 S. 19th Street
         Philadelphia, PA 19146

     (7) Logan J. Reed
         40 Sunset Hill Drive
         Branford, CT 06405

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

Proposed counsel for the Equity Committee:

     David M. Feldman, Esq.
     Matthew K. Kelsey, Esq.
     Alan Moskowitz, Esq.
     GIBSON, DUNN & CRUTCHER LLP
     200 Park Avenue
     New York, NY 10166-0193
     Tel. (212) 351-4000
     Fax. (212) 351-4035
     Email: DFeldman@gibsondunn.com
            MKelsey@gibsondunn.com
            AMoskowitz@gibsondunn.com

                 About Synergy Pharmaceuticals

Synergy (NASDAQ: SGYP) -- http://www.synergypharma.com/-- is a
biopharmaceutical company focused on the development and
commercialization of novel gastrointestinal (GI) therapies.  The
company has pioneered discovery, research and development efforts
around analogs of uroguanylin, a naturally occurring human GI
peptide, for the treatment of GI diseases and disorders.  Synergy's
proprietary GI platform includes one commercial product TRULANCE(R)
(plecanatide) and a second product candidate - dolcanatide.

Synergy Pharmaceuticals Inc. (Lead Case) and its subsidiary Synergy
Advanced Pharmaceuticals, Inc. filed voluntary Chapter 11 petitions
(Bankr. S.D.N.Y. Lead Case No. 18-14010) on Dec. 12, 2018.  

In the petitions signed by Gary G. Gemignani, executive vice
president and chief financial officer, the Debtors posted total
assets of $83,039,825 and total liabilities of $179,282,378 as of
Sept. 30, 2018.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom LLP as
bankruptcy counsel; Sheppard, Mullin, Richter & Hampton LLP as
special counsel; FTI Consulting, Inc. as financial advisor;
Centerview Partners Holdings LP as investment banker; and Prime
Clerk LLC, as notice and claims agent.


TITAN ENERGY: Suspending Filing of Reports with SEC
---------------------------------------------------
Titan Energy, LLC has filed a Form 15 with the Securities and
Exchange Commission to suspend its duty to file reports under
Sections 13 and 15(d) of the Securities Exchange Act of 1934 with
respect to its Common Shares representing limited liability company
interests.

                     About Titan Energy

Pittsburgh, Pennsylvania-based Titan Energy, LLC --
http://www.titanenergyllc.com-- is an independent developer and
producer of natural gas, crude oil and natural gas liquids (NGLs),
with operations in basins across the United States with a focus on
the horizontal development of resource potential from the Eagle
Ford Shale in South Texas.  The Company is a sponsor and manager of
Drilling Partnerships in which the Company co-invests, to finance a
portion of its natural gas, crude oil and natural gas liquids
production activities.

For the period from Sept. 1 through Dec. 31, 2016, Titan Energy
reported a net loss of $33.31 million. For the period from Jan. 1,
2016, through Aug. 31, 2016, the Company reported a net loss of
$177.4 million.  As of Sept. 30, 2017, Titan Energy had $605.4
million in total assets, $605.5 million in total liabilities, and a
$61,000 total members' deficit.

Grant Thornton LLP, in Cleveland, Ohio, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company does not have sufficient liquidity to repay all of its
current debt obligations, and as of Dec. 31, 2016, the Company was
not in compliance with certain debt covenants under its credit
facilities.  The Company's business plan for 2017 contemplates
asset sales, obtaining additional working capital, and the
refinancing or restructuring of its credit agreements to long-term
arrangements, or other modifications to its capital structure.  The
Company's ability to achieve the foregoing elements of its business
plan, which may be necessary to permit the realization of assets
and satisfaction of liabilities in the ordinary course of business,
is uncertain and raises substantial doubt about its ability to
continue as a going concern.


TRANSDIGM INC: Moody's Affirms B1 CFR & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service affirmed certain ratings for TransDigm
Inc. including the B1 Corporate Family Rating, the B1-PD
Probability of Default Rating and the B3 senior subordinated
rating. Concurrently, Moody's downgraded senior secured ratings to
Ba3 and assigned a Ba3 rating to TransDigm's new senior secured
notes. The outlook for TransDigm Inc. is changed to negative from
rating under review. The rating action follows TransDigm's
announcement that it intends to finance the acquisition of
Esterline Technologies Corp. through a combination of senior
secured notes and unsecured subordinated notes. Ratings of
Esterline are unchanged, as the debt is expected to be repaid upon
closing.

RATINGS RATIONALE

The downgrade of TransDigm's senior secured ratings to Ba3 follows
the announcement that the acquisition of Esterline will be funded
through a combination of senior secured notes, unsecured
subordinated notes and around $300 million in cash. Notwithstanding
the use of unsecured subordinated notes to fund a portion of the
acquisition, Moody's expects the majority of the transaction to be
funded through incremental senior secured debt. Furthermore,
Moody's expects that TransDigm's debt capital structure going
forward will have a large portion of secured debt. As such, Moody's
expects that there will be a lower portion of senior unsecured debt
to act as a cushion for secured debt under a reorganization. The
expected loss of senior secured debt is likely to increase as
compared to the pre-acquisition debt structure and this higher
expected loss results in the senior secured downgrade to Ba3.

The B1 Corporate Family Rating considers TransDigm's high tolerance
for financial risk, aggressive financial policy and the company's
private equity-like business model that prioritizes shareholder
returns over creditors. The rating also reflects TransDigm's weak
balance sheet and the cyclical nature of its commercial OEM
aerospace markets (30% of sales) which are vulnerable to economic
downturns. Partially mitigating concerns around high financial
leverage is TransDigm's strong competitive standing supported by
the proprietary and sole-sourced nature of the majority of its
products, its industry leading profitability metrics, as well a
strong liquidity profile and favorable demand fundamentals within
aerospace and defense end-markets. The company's installed base of
niche products across multiple carriers and platforms as well as
its focus on highly profitable aftermarkets, which add stability to
its revenue stream adds further support to the rating.

Pro forma for the Esterline acquisition, debt-to-EBITDA (after
standard adjustments) is expected to increase about 0.75x to the
high 7x range, a level that is at the upper bounds of leverage
previously published for expectations for the ratings. Given the
very high level of pro forma leverage, Moody's expects the company
to refrain from any near-term shareholder distributions or
additional leveraging M&A transactions. An inability or an
unwillingness to reduce financial leverage back towards 7x would
likely result in downward rating pressure.

The negative outlook reflects TransDigm's highly leveraged balance
sheet that will constrain financial flexibility over the next 12
months as well as elevated near-term execution risk relating to the
large-sized acquisition of Esterline.

The SGL-1 speculative grade liquidity rating denotes expectations
of a very good liquidity profile over the next 12 months. Moody's
expects TransDigm to maintain healthy cash balances (cash on hand
after the Esterline acquisition is likely to be around $1.7
billion), substantial free cash generation (assuming no dividend
payments, Free Cash Flow-to-Debt during 2019 is anticipated to be
at least in the mid-single-digits) and near full availability under
its $600 million revolving credit facility. This should afford the
company the financial flexibility necessary to manage its large
debt burden.

An upgrade is unlikely in the near term given TransDigm's highly
leveraged capital structure. Any upward rating action would be
driven by leverage sustained below 5.0x on a Moody's adjusted
basis, coupled with the maintenance of the company's industry
leading margins and a continuation of the strong liquidity
profile.

Factors that could result in lower ratings include expectations
that Moody's adjusted Debt-to-EBITDA will remain sustained at the
high 7x level. An inability or an unwillingness to reduce financial
leverage back towards 7x would likely cause downward rating
pressure. A deteriorating liquidity profile involving Cash Flow
from Operations less Capex-to-Debt continuously below 5%, annual
free cash flow generation sustained below $700 million or increased
reliance on revolver borrowings could also pressure the rating
downward. An inability to improve profitability such that EBITDA
margins were expected to remain around 40% could also result in
downward rating pressure over time.

The following rating actions were taken:

Issuer: TransDigm Inc.

Probability of Default Rating, Affirmed B1-PD

Speculative Grade Liquidity Rating, Affirmed SGL-1

Corporate Family Rating, Affirmed B1

Senior Subordinated Regular Bond/Debenture, Affirmed B3 (LGD5)

Senior Secured Bank Credit Facility, Downgrade to Ba3 (LGD3) from
Ba2 (LGD3), Under Review for Downgrade

Senior Secured Bond/Debenture, Assigned Ba3 (LGD3)

Outlook, Changed To Negative from Rating Under Review

Issuer: TransDigm Holdings UK plc

Senior Subordinated Regular Bond/Debenture, Affirmed B3 (LGD5)

Outlook, Negative

TransDigm Inc., headquartered in Cleveland, Ohio, is a manufacturer
of engineered aerospace components for commercial airlines,
aircraft maintenance facilities, original equipment manufacturers
and various agencies of the US Government. TransDigm Inc. is the
wholly-owned subsidiary of TransDigm Group Incorporated (TDG).
Esterline Technologies Corp. designs and manufactures highly
engineered products and systems primarily serving aerospace and
defense customers. Pro forma revenues for the combined companies
for the last twelve month period ending September 30, 2018 are
approximately $5.9 billion.


UNISON ENVIRONMENTAL: Court Cancels Hearing on Trustee Appointment
------------------------------------------------------------------
Judge Shelley D. Rucker of the U.S. Bankruptcy Court for the
Eastern District of Tennessee canceled the hearing scheduled on
January 29, 2019, regarding the appointment of a Chapter 11 trustee
for Unison Environmental Services, LLC.

The order for cancellation also applies to the motion to convert or
dismiss the Chapter 11 case filed by the Bank of Cleveland, the
Debtor's reply, the Debtor's application to employ Michael R.
Richardson as special counsel, and all objections in the case.

The hearing is canceled based on the parties’ representation that
a motion for an agreed order will be filed with the court
addressing further scheduling on the matters of the case. If no
such motion for agreed order is filed, the court will reset the
matters for hearing as necessary by separate order.

         About Unison Environmental Services

Unison Environmental Services, LLC, provides waste treatment and
disposal services.  The company's principal assets are located at
6315 12th Ave East Tuscaloosa, AL 35405.

Unison Environmental Services filed a Chapter 11 (Bankr. E.D. Tenn.
Case No. 18-10113) on Jan. 11, 2018.  In the petition signed by
Jefferson Knox Horner, chief manager, the Debtor estimated $1
million to $10 million in total assets and liabilities. Judge
Shelley D. Rucker presides over the case.  David J. Fulton, Esq.,
at Scarborough & Fulton, is the Debtor's counsel.  The Richardson
Law Firm, is the special counsel.


VERMONT COUNCIL: S&P Alters Outlook on 2006A Bonds to Positive
--------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
affirmed its 'B' underlying rating (SPUR) on Vermont Educational &
Health Building Finance Agency's series 2006A hospital revenue
bonds issued for the Vermont Council of Developmental & Mental
Health Services Acquisition.

"The positive outlook reflects sustained positive operating
results--based on audited fiscal 2017 and unaudited fiscal 2018
performance--for Health Care and Rehabilitation Services Inc. that
we believe will likely continue through the outlook period, based
on interim results reported through the first five months of fiscal
2019, ending June 30," said S&P Global Ratings credit analyst Wendy
Towber. "Precluding a higher rating at this time are balance sheet
metrics, particularly liquidity, that remain light and the lack of
an audited trend of financial results."

The 2006A bond series is a pooled financing issue comprising Health
Care and Rehabilitation Services Inc. (HCRS) and NFI Vermont Inc.
The remaining of the outstanding series 2002A bonds were called by
HCRS in December 2017, resulting in the entire series 2002A bonds
being fully redeemed, so we are therefore withdrawing our rating on
those bonds. Since each participant is only responsible for its
respective portion of the bonds, S&P bases the rating on the weaker
provider's financial strength.

The rating reflects the credit profile of HCRS, as it is the weaker
of the providers on the outstanding series 2006A debt. Following
the implementation of a cost reduction plan in fiscal 2016, HCRS'
operating performance improved, and the organization will likely
achieve a third consecutive year of positive operations that meet
or exceed budget expectations. In addition to positive operations,
HCRS' essentiality of services supports the rating and offsets a
weaker balance sheet, in S&P's view. While balance sheet growth
will take time, interim results through the first five months of
fiscal 2019 reflect 18.1 days' cash on hand, nearly twice the 9.3
days' cash for fiscal 2018, on an unaudited basis. While cash is
still light on a nominal basis, management has a clear target for
growing cash from fiscal 2018 levels that, in S&P's view, is
realistic and achievable within the outlook period if earnings
remain in line with interim performance. Given HCRS' sustained
positive operations that will likely improve from interim results
to meet budget expectations, S&P believes balance sheet growth may
be sufficient within the outlook period to support a higher rating,
assuming other key metrics remain stable.

HCRS has $9.2 million of series 2006 debt outstanding after calling
the series 2002 bonds in December 2017 and $10.1 million of total
long-term debt.



VERRI CHIROPRACTIC: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
The Office of the U.S. Trustee on Jan. 29 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Verri Chiropractic Associates,
LP.

              About Verri Chiropractic Associates LP

Based in Philadelphia, Pennsylvania, Verri Chiropractic Associates,
LP, filed a voluntary Chapter 11 petition (Bankr. W.D. Pa. Case No.
19-20199) on January 15, 2019, and is represented by Mary Bower
Sheats, Attorney At Law.


VERSUM MATERIALS: Moody's Puts Ba2 CFR Under Review for Upgrade
---------------------------------------------------------------
Moody's Investors Service placed Versum Materials, Inc.'s credit
ratings (Corporate Family Rating at Ba2) under review for upgrade
following the announcement that Versum and Entegris Inc. (Ba1
stable Corporate Family Rating) have agreed to merge in an
all-stock transaction. Each share of Versum will be exchanged for
1.12 shares of Entegris stock valuing the transaction at
approximately $9 billion based on January 25, 2019 closing prices.
Upon completion of the merger, Entegris shareholders will own 52.5%
and Versum shareholders will own 47.5% of the combined company. The
company will be called Entegris and headquartered in Billerica, MA.
The transaction is subject to applicable shareholder approvals,
regulatory approvals and customary closing conditions.

"The merger creates a much larger company with substantially more
financial flexibility," said Domenick R. Fumai, Vice President and
lead analyst for Versum. "The combination of Entegris' and Versum's
complementary product portfolios creates a leading supplier of
consumables to the semiconductor industry."

On Review for Upgrade:

Issuer: Versum Materials, Inc.

Corporate Family Rating, Placed on Review for Upgrade, currently
Ba2

Probability of Default Rating, Placed on Review for Upgrade,
currently Ba2-PD

Senior Secured Bank Credit Facilities, Placed on Review for
Upgrade, currently Ba1 (LGD3)

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Upgrade, currently Ba3 (LGD5)

Outlook Actions:

Issuer: Versum Materials, Inc.

Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

The review for upgrade will evaluate the improved credit profile of
the combined companies and their substantial cash balance. In
addition, Moody's will seek to get further clarification around: 1)
the merged company's financial policies; 2) its legal structure and
the placement of debt within the new entity; and 3) the integration
plan. The improved business profile, including complementary
products, conservative balance sheet with pro forma leverage of
approximately 2.3x, $890 million of cash on the balance sheet and
strong free cash flow generation are factors supporting a higher
credit rating. The combined company will have pro forma revenues of
approximately $3 billion and nearly $900 million of EBITDA (Moody's
adjusted excluding the $75 million in anticipated synergies) for
the last twelve months ended September 30, 2018.

Successful completion of the merger is credit positive as it will
create a leading supplier to the semiconductor industry with
increased scale, a broader range of product offerings with very
little overlap, and geographical diversity with exposure to the key
markets in Asia. Entegris will focus on three major segments: 1)
Specialty Materials 2) Purity and Protection Solutions 3) Delivery
Solutions. Moreover, the combined company is expected to generate
approximately 70% of its pro forma revenues from consumables tied
to wafer starts, which provide a recurring revenue stream compared
to semiconductor equipment capex.

Moody's expects the combined company will benefit from the positive
secular trend in the semiconductor industry including increased
demand for chips and integrated circuits necessary for applications
such as autonomous vehicles, the Internet of Things and cloud
computing. The development of more intricate chip technologies such
as 3D NAND that entail higher purity requirements as well as
increased consumption of deposition and etching chemicals.

Nevertheless, demand in the semiconductor industry is cyclical and
can be volatile. The addition of Versum's DS&S business also
increases exposure to equipment capital spending at Entegris's
customers, which can decline during periods of slower demand.
Entegris's credit profile is also constrained by customer
concentration, which limits its negotiating ability.

Versum Materials, Inc., headquartered in Tempe, AZ, operates in two
primary segments: Materials and Delivery Services and Systems.
Products include high-purity process materials, cleaners and
etchants, slurries, organosilanes and organometallics. The DS&S
business designs, manufactures and sells equipment, provides
installation and on-site services to OEM customers. Versum
generated $1.37 billion of revenue and $457 million of EBITDA for
the twelve months ended September 30, 2018.

Entegris Inc., based in Billerica, MA., develops and manufactures
products including filters, material handling equipment and
specialty chemicals used in the manufacture of semiconductors and
other microelectronic components.



VOYAGER GROUP: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee on Jan. 29 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Voyager Group, LP.

                      About Voyager Group LP

Voyager Group, LP is a private equity firm focusing on investments
in technology, aviation, natural resource, real estate,
construction, financial services, and healthcare companies.  It is
based in Pittsburgh, Pennsylvania.

Voyager Group sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 18-24656) on Nov. 30, 2018.  At the
time of the filing, the Debtor estimated assets of less than $1
million and liabilities of $10 million to $50 million.  The case
has been assigned to Judge Thomas P. Agresti.  The Debtor tapped
Robert O Lampl Law Office as its legal counsel.


W.L. GOODFELLOWS: Seeks Authorization to Use Cash Collateral
------------------------------------------------------------
W.L. Goodfellows and Co., Inc. requires authority from the U.S.
Bankruptcy Court for the District of New Jersey to use cash
collateral as defined herein in order to continue its business
operations without interruption, towards the objective of
formulating an effective plan of reorganization.

The Debtor proposes to use cash collateral necessary to avoid
immediate and irreparable harm to the estate, its employees, and
the public, pending further hearing.  The amount of cash collateral
sought to be used is not to exceed the amount set forth in Debtor's
Budget, with a 20% cushion over and above such budgeted amounts.

The Debtor is indebted to Fulton Bank in the amount of
approximately $662,941 in principal, interest and escrow as of the
Petition Date, secured by Debtor's assets including, but not
limited to, bank deposits, inventory, supplies, accounts
receivable, equipment and furnishings. The Debtor's contractual
payment to Fulton Bank is $7,094 per month.

As adequate protection for Debtor's use of cash collateral, the
Debtor proposes to grant Fulton Bank a replacement lien on all of
Debtor's unencumbered post-petition assets.

                  About W.L. Goodfellows and Co.

W.L. Goodfellows and Co., Inc., is a New Jersey limited liability
company in the business of operating a bar/restaurant out of its
single location at 310 E. White Horse Pike, Galloway, NJ 08225.
The Company filed a Chapter 11 bankruptcy petition (Bankr. D.N.J.
Case No. 19-10961-JNP) on Jan. 16, 2019.  The Debtor hired Flaster
Greenberg, P.C., as attorney.



WALDEN PALMS CONDOMINIUM: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Walden Palms Condominium Association, Inc.
as of Jan. 29, according to a court docket.

            About Walden Palms Condominium Association

Walden Palms Condominium Association, Inc., is a nonprofit property
management company in Orlando, Florida.  Walden Palms Condominium
Association sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 18-07945) on Dec. 24, 2018.  At the
time of the filing, the Debtor estimated assets of $1 million to
$10 million and liabilities of $10 million to $50 million.  The
case is assigned to Judge Cynthia C. Jackson.  

The Debtor tapped Shapiro, Blasi, Wasserman & Hermann, P.A., as its
bankruptcy counsel; Arias Bosinger PLLC as general association
counsel; JD Law Firm; as collections & foreclosure counsel; and
Winderweedle, Haines, Ward & Woodman, P.A. as land use counsel.


WHITE EAGLE: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The Office of the U.S. Trustee on Jan. 30 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of White Eagle Asset Portfolio,
LP.

                 About White Eagle Asset Portfolio

White Eagle Asset Portfolio, LP is the owner of a portfolio of 586
life insurance policies -- also known as life settlements – with
an aggregate death benefit of approximately $2.8 billion, White
Eagle General Partner, LLC and Lamington Road Designated Activity
Company, own the partnership interests in WEAP.  White Eagle, et
al., are indirect subsidiaries of Emergent Capital, Inc., a
publicly traded company.

White Eagle Asset Portfolio filed a Chapter 11 petition (Bankr. D.
Del. Case No. 18-12808), on Dec. 13, 2018. Affiliates LRDA and WEGP
sought bankruptcy protection mid-November 2018 (Bankr. D. Del. Case
Nos. 18-12614 to 12615).

In the Petition was signed by Miriam Martinez, CFO, WEAP estimated
assets of $500 million to $1 billion and debt of $100 million to
$500 million.

The Hon. Kevin Gross is the case judge.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as counsel.


[*] Mintz & Gold Hires A. Gottesman to Bankruptcy Practice
----------------------------------------------------------
BankruptcyData.com reported that Mintz & Gold announced the hiring
of Andrew Gottesman to lead the firm's new Bankruptcy and
Restructuring Practice.

In a press release announcing the hiring, Mintz & Gold stated, "For
over 20 years, Andrew Gottesman has represented both debtors and
creditors in the public and private sectors. In addition to his
work at AmLaw150 firms and serving as in-house bankruptcy counsel
for J.P. Morgan Chase, Mr. Gottesman has experience with the
business side of claims and distressed debt trading, having run a
trading desk for a small broker dealer. Mr. Gottesman represents
both corporate and individual clients in bankruptcy, consumer
protection, creditors' rights, corporate restructuring and
distressed asset transactions; his clients include debtors, secured
lenders, unsecured creditors, asset purchasers, asset sellers and
equity holders.”

Co-founding partner Steven Mintz further commented on the hire,
"Andrew brings substantial business and legal acumen which will
benefit our clients both in and outside of bankruptcy and
restructuring."

Prior to joining Mintz & Gold, Mr. Gottesman worked in the Business
Reorganization and Restructuring departments of Willkie Farr &
Gallagher and Schulte Roth & Zabel and ran his own successful
practice.  Andrew is a graduate of St. John's University School of
Law, where he was an editor of the American Bankruptcy Institute
Law Journal, and Ithaca College. During the last major economic
crisis, Andrew clerked for the Hon. James M. Peck in the United
States Bankruptcy Court for the Southern District of New York and
has completed the American Bankruptcy Institute/St. John’s
University School of Law Bankruptcy Mediation Training program.

Mr. Gottesman is a member of the Bar of the State of New York and
is admitted to practice before the United States District Courts
for the Southern and Eastern Districts of New York.


[^] BOOK REVIEW: Macy's for Sale
--------------------------------
Author: Isadore Barmash
Paperback: 180 pages
List price: $34.95
Review by Henry Berry
Order your personal copy today at
http://www.beardbooks.com/beardbooks/macys_for_sale.html

Isadore Barmash writes in his Prologue, "This book tells the story
of Macy's managers and their leveraged buyout, the newest and most
controversial device in the modern financial armament" when it took
place in the 1980s. At the center of Barmash's story is Edward S.
Finkelstein, Macy's chairman of the board and chief executive
office. Sixty years old at the time, Finkelstein had worked for
Macy's for 35 years. Looking back over his long career dedicated to
the department store as he neared retirement, Finkelstein was
dismayed when he realized that even with his generous stock
options, he owned less than one percent of Macy's stock. In the 185
years leading up to his unexpected, bold takeover, Finkelstein had
made over Macy's from a run-of-the-mill clothing retailer into a
highly profitable business in the lead of the lucrative and growing
fashion and "lifestyle" field.

To aid him in accomplishing the takeover and share the rewards with
him, Finkelstein had brought together more than three hundred of
Macy's top executives. To gain his support for his planned
takeover, Finkelstein told them, "The ones who have done the job at
Macy's are the ones who ought to own Macy's." Opposing Finkelstein
and his group were the Straus family who owned the lion's share of
Macy's and employees and shareholders who had an emotional
attachment to Macy's as it had been for generations, "Mother
Macy's" as it was known. But the opponents were no match for
Finkelstein's carefully laid plans and carefully cultivated
alliances with the executives. At the 1985 meeting, the
shareholders voted in favor of the takeover by roughly eighty
percent, with less than two percent opposing it.

The takeover is dealt with largely in the opening chapter. For the
most part, Barmash follows the decision making by Finkelstein, the
reorganization of the national company with a number of branches,
the activities of key individuals besides Finkelstein, Macy's moves
in the competitive field of clothing retailing, and attempts by the
new Macy's owners led by Finkelstein to build on their successful
takeover by making other acquisitions. Barmash allows at the
beginning that it is an "unauthorized book, written without the
cooperation of the buying group." But as he quickly adds, his
coverage of Macy's as a business journalist and his independent
research for over a year gave him enough knowledge to write a
relevant and substantive book. The reader will have no doubt of
this. Barmash's narrative, profiles of individuals, and analysis of
events, intentions, and consequences ring true, and have not been
contradicted by individuals he writes about, subsequent events, or
exposure of material not public at the time the book was written.

First published in 1989, the author places the Macy's buyout in the
context of the business environment at the time: the aggressive,
largely laissez-faire, Reagan era. Without being judgmental, the
author describes how numerous corporations were awakened from their
longtime inertia, while many individuals were feeling betrayed,
losing jobs, and facing uncertain futures.  Isadore Barmash, a
veteran business journalist and author, was associated with the New
York Times for more than a quarter-century as business-financial
writer and editor. He also contributed many articles for national
media, Reuters America, and the Nihon Kenzai Shimbun of Japan. He
has published 13 books, including a novel and is listed in the 57th
edition of Who's Who in America.



                            *********

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 2019.  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
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