/raid1/www/Hosts/bankrupt/TCR_Public/190625.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, June 25, 2019, Vol. 23, No. 175

                            Headlines

1356 HARRISON ST: Sale of San Francisco Property to Fund Plan
3B GLOBAL: Unsecureds to Get $2,500 in 20 Quarterly Distributions
4921 12TH AVENUE: July 17 Confirmation Hearing on Galster Plan
6 DEGREES CONSULTING: Unsecureds to Get 10% Dividend Under Plan
A & B ASSOCIATES: $6.9M Sale of Port Royal Property to Dunross OK'd

AMBOY GROUP: United Premium Acquires Business Out of Bankruptcy
ARCH COAL: Enters Into Agreement with Peabody to Combine Assets
AVIS BUDGET: S&P Rates $400MM Sr. Unsecured Notes 'BB'
BRAZOS DELAWARE II: Fitch Lowers IDR to B-, Outlook Still Stable
BRISTOW GROUP: Files Financial Reports Following Delay

CARMEL MEDICAL: U.S. Trustee Unable to Appoint Committee
CASCADES OF GROVELAND: Case Summary & 20 Top Unsecured Creditors
CELLECTAR BIOSCIENCES: Anson Funds Has 6.4% Stake as of May 16
CELLECTAR BIOSCIENCES: Boxer Capital Has 9.9% Stake as of May 16
CELLECTAR BIOSCIENCES: Mitchell Kopin Has 6.1% Stake as of May 16

CELLECTAR BIOSCIENCES: Tang Capital Has 6.8% Stake as of May 15
CLOUD PEAK: July 11 Auction of Substantially All Assets Set
COBRA WELL: Sale of Personal Property Approved
COCRYSTAL PHARMA: Increases President's Annual Salary to $260,000
COGENT COMMUNICATIONS: S&P Rates New EUR135MM Unsecured Notes 'B-'

COPPER MOUNTAIN: S&P Assigns Preliminary 'B-' ICR; Outlook Stable
CORT & MEDAS: Unsecureds to Get Prorata Share of $50,000
CYCLE-TEX INC: $22.5K Sale of Equipment to Watts Approved
CYCLE-TEX INC: $400K Sale of Dalton Property Approved
CYCLE-TEX INC: $7K Sale of Equipment to Neff Properties Approved

DDS 2019: July 12 Hearing on Plan, Disclosure Statement Set
DENBURY RESOURCES: S&P Lowers ICR to 'SD' on Sub Note Exchange
DITECH HOLDING: New Residential Is Lead Bidder for Assets
DREAM WORKS: Adds Monthly Financial Information in 1st Amended Plan
E&E LANDSCAPING: Case Summary & 2 Unsecured Creditors

ELK PETROLEUM: U.S. Trustee Forms 3-Member Equity Committee
ELKHORN JONES: Auction Sale of Substantially All Assets Approved
EUREKA WINDBER: U.S. Trustee Unable to Appoint Committee
EXCO RESOURCES: Amends Plan to Define Exculpated Parties
EXCO RESOURCES: Court Confirms Amended Reorganization Plan

FAIRWAY ENERGY: Converge Midstream Completes Acquisition of Assets
FAIRWAY ENERGY: July 17 Plan Confirmation Hearing
FAITH MISSIONARY: July 24 Plan Confirmation Hearing
FALCON V: July 17 Disclosure Statement Hearing
FERNLEY & FERNLEY: MSA Objects to Disclosure Statement

FIRST MUTUAL: Members Approve Plan of Reorganization
FULLBEAUTY BRANDS: Jim Fogarty Named Chief Executive Officer
GOD'S HOUSE OF REFUGE: Aug. 22 Plan Confirmation Hearing
HAMLETT ENTERPRISES: July 16 Plan Confirmation Hearing
HARRISBURG UNIVERSITY: S&P Rates 2019 Revenue Bonds 'BB'

HECLA MINING: Moody's Lowers CFR to Caa1, Outlook Stable
HELIOS AND MATHESON: Delays Filing of First Quarter Form 10-Q
HERITAGE POWER: S&P Assigns Prelim 'B+' Rating to Sr. Secured Debt
HEXION INC: Proposes to Issue $450MM New Senior Unsecured Notes
HIGH TIMES: CMYIA Objects to Disclosure Statement

HT INTERMEDIATE: S&P Discontinues 'CCC+' ICR After Debt Repayment
HULTGREN CONSTRUCTION: Proposes to Sell Acuity Policy for $2MM
IDL DEVELOPMENT: Sale of All Assets to Quantum Elements Approved
JAKPA HEALTHCARE: July 17 Plan Confirmation Hearing
JAMES B. MORRIS: Hornthal Riley Represents Millers & Colerain, NC

JAMES B. MORRIS: Ward & Smith Represents Deere & Co., et al.
JOHN STODDART: $950K Sale of Owens Cross Roads Residence Approved
JONES LEASE: July 9 Hearing on Disclosure Statement
KINNEY FARMS: Farm Credit Objects to Disclosure Statement
KINNEY FARMS: July 11 Plan Confirmation Hearing

L B A INVESTMENT: Rental Income to Fund Plan Distributions
MARY'S WOODS: Fitch Affirms BB Ratings on 8 Bond Tranches
MCCLATCHY CO: Completes Kansas Property Sale and Leaseback
MCCLATCHY CO: May Issue Additional 750K Shares Under 2012 Plan
MCCLATCHY CO: Royce & Associates Holds 2.2% of Class A Shares

MELINTA THERAPEUTICS: May Issue Additional 1.8M Common Shares
MIDCOAST ENERGY: Fitch Affirms 'BB-' LongTerm IDR, Outlook Stable
MIDLAND COGENERATION: Fitch Cuts Rating on $451MM Sec. Notes to BB+
MUSCLE MAKER: U.S. Trustee Unable to Appoint Committee
MUSCLEPHARM CORP: Delays Filing of First Quarter Form 10-Q

MYSTERY ROOM: To Pay $559K to Creditors Under Chapter 11 Plan
NEOVASC INC: Closes $11.5 Million Private Placement
NFP HOLDINGS: S&P Affirms 'B' Issuer Credit Rating; Outlook Stable
NN INC: Moody's Affirms B3 CFR & Alters Outlook to Stable
ORANGE COUNTY BAIL: Case Summary & 7 Unsecured Creditors

PACIFIC GAS: Resolves Wildfire Claims with Local Public Entities
PETROQUEST ENERGY: Akin Gump Represents Consenting Creditors
PG&E CORP: Wildfire Cost Commission Submits Final Recommendations
PHI INC: Equity Committee Objects to Disclosure Statement
PIUS STREET ASSOCIATES: U.S. Trustee Unable to Appoint Committee

PRIMARY PROVIDERS: Aug. 5 Plan Confirmation Hearing
PROTEA BIOSCIENCES: Revises Disclosure Statement
PUERTO RICO: LCDC Members Ink Plan Support Agreement
QUARRY SERVICES: Synovus Bank Objects to Disclosure Statement
RENAISSANCE CHARTER: Fitch Cuts Rating on $83MM 2011A Bonds to B+

RENAISSANCE CHARTER: Fitch Cuts Ratings on 2010A/B Bonds to B+
RENNOVA HEALTH: Chief Financial Officer Resigns
RGIS HOLDINGS: S&P Affirms 'CCC+' ICR; Ratings Off Watch Negative
RIM ROCK: U.S. Trustee Unable to Appoint Committee
SAN JACINTO VENTURES: To Pay Unsecureds 20% at 3% Over 5 Years

SAN JUAN ICE: Unsecureds Creditors' Recovery Reduced to 20%
SATYAGRAHA INC: A. Gimpelson to Get Monthly Payment of $91
SCOTTY'S HOLDINGS: Operation of Business, Exit Loan to Fund Plan
SHOE SHIELDS: Ch. 11 Trustee Objects to Plan Confirmation
SLIGO PARKWAY: July 17 Hearing on Disclosure Statement

ST. JOSEPH ENERGY: Moody's Affirms Ba3 Rating on Sr. Secured Loans
STRATOS ENTERPRISES: July 15 Plan Confirmation Hearing
SUNPLAY POOLS: WFC to Get Payment from Hot Tub Sale Proceeds
TIMBERLAND BUILDERS: U.S. Trustee Unable to Appoint Committee
VERNON MEMORIAL: S&P Cuts Revenue Bond Rating to BB; Outlook Neg.

WILSON LAND: Taps Realtors to Sell Properties
WITISI LLC: U.S. Trustee Unable to Appoint Committee
[*] Sklar Kirsh LLP Launches New Bankruptcy Practice
[^] Large Companies with Insolvent Balance Sheet

                            *********

1356 HARRISON ST: Sale of San Francisco Property to Fund Plan
-------------------------------------------------------------
1356 Harrison St. LLC filed a disclosure statement describing its
proposed chapter 11 plan dated June 7, 2019.

Under the plan, general unsecured creditors (non-insiders)
classified in Class 4 are to receive 100% of their allowed claims.
General unsecured creditors (insiders) classified in Class 5 are to
receive no distribution.

Sanjeev Sharma, holding the majority membership interest, will
continue to act as the Managing Member of Debtor.  The Plan will be
funded from the sale of the sole asset: the real property at 1356
Harrison St. San Francisco, CA. Sanjeev Sharma, individually, may
but is not required to fund any deficiency.

A copy of the Disclosure Statement dated June 7, 2019 is available
at https://tinyurl.com/y66xq94m from Pacermonitor.com at no charge.


                   About 1356 Harrison St

1356 Harrison St, LLC, is the fee simple owner of a mixed-use real
estate property located at 1356 Harrison St., San Francisco,
California, valued by the company at $2.3 million.

1356 Harrison St sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Calif. Case No. 19-30264) on March 11,
2019.  At the time of the filing, the Debtor disclosed $2,300,000
in assets and $2,054,919 in liabilities.  The case is assigned to
Judge Dennis Montali.


3B GLOBAL: Unsecureds to Get $2,500 in 20 Quarterly Distributions
------------------------------------------------------------------
3B Global, LLC, filed a Chapter 11 Plan and accompanying Disclosure
Statement.

Class 8 - General Unsecured Creditors are impaired. The Debtor will
fund $50,000 to a plan pool.  Creditors in this class will receive
a pro rata distribution of their claim, without interest, in 20
equal quarterly distributions of $2,500.00, with payments
commencing on the start of the calendar quarter immediately
following the Effective Date of Confirmation and continuing for a
total of 20 consecutive quarters. In the event that this quarter
starts less than thirty (30) days after the entry of the
Confirmation Order, payment shall not commence until the following
quarter.

Class 2 - Secured Claim of Francis M. Correll are impaired.  The
Debtor has or will to file its Motion to Determine Secured Status
of Claim.  The secured amount allowed shall be amortized over sixty
(60) months at six and one-half percent (6.5%) interest per annum
and the Debtor will pay to this creditor a monthly payment
reflecting the valued amount until the total allowed secured claim
is paid in full. The payments shall commence thirty (30) days from
the entry of the confirmation Order or as set forth in the Order
determining value of the collateral. The balance of the claim will
be paid as an unsecured claim as set forth in Class 8.

Class 3 - Secured Claim of Charles A. Ercole, Class 4 Secured Claim
of Last Call Capital, LLC and Class 5 - Secured Claim of William W.
Matthews III are all impaired. The Debtor has or will to file its
Motion to Determine Secured Status of Claim. The secured amount
allowed shall be amortized over sixty (60) months at six and
one-half percent (6.5%) interest per annum and the Debtor will pay
to this creditor a monthly payment reflecting the valued amount
until the total allowed secured claim is paid in full. The payments
shall commence thirty (30) days from the entry of the confirmation
Order or as set forth in the Order determining value of the
collateral. The balance of the claim will be paid as an unsecured
claim as set forth in Class 8.

Class 6 - Secured Claim of Bluevine Capital, Inc. are impaired.
This creditor will retain its lien to the same extent, validity,
and priority as existed pre-petition. The secured amount allowed
shall be amortized over sixty (36) months at six and one-half
percent (6.5%) interest per annum and the Debtor will pay to this
creditor a monthly payment reflecting the  valued amount until the
total allowed secured claim is paid in full. The payments shall
commence thirty (30) days from the entry of the confirmation. All
pre and post-petition arrearages will be re-amortized into the loan
post- confirmation.

Class 7 - Secured Claim of OTOC LLC, Joed Hassani, Douglas Ford are
impaired. OTOC LLC, Joed Hassani, Douglas Ford, filed a proof of
claim (Claim #12) in the amount of $94,000.00 which is secured by
an unrecorded Mortgage on Principal's homestead for funds loaned by
line of credit to the Debtor. This creditor will retain its lien to
the same extent, validity, and priority as existed pre-petition. In
the event the court determines any portion of the claim is
unsecured the claim will be treated as set forth in Class 8.

Class 9 - Equity Security Holders and Insider Claims of the Debtor
are impaired. Claimants in this class will receive no distributions
on their claims until such time as the Debtor has made all
distributions required under Class 8. Equity will retain its
ownership interest in the Debtor.

The Debtor's Plan will be funded by the current and future income
generated by its regular operations.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/y3ak8gpn from PacerMonitor.com at
no charge.

The Plan was filed by Buddy D. Ford, Esq., and Jonathan A. Semach,
Esq., in Tampa, Florida.

                   About 3B Global LLC

3B Global, LLC, which conducts business under the name Suncoast
Liquidators -- https://www.suncoastliquidators.com/ -- specializes
in closeouts, liquidation, overstock, & surplus inventory from
major department stores and manufacturers in the USA.  It is
located in Tampa, Florida, serving the local businesses and
businesses across The United States.

3B Global sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 19-00127) on Jan. 8, 2019.  At the time
of the filing, the Debtor disclosed $81,872 in assets and
$1,296,983 in liabilities.  The case is assigned to Judge Caryl E.
Delano.  Buddy D. Ford, P.A., is the Debtor's legal counsel.


4921 12TH AVENUE: July 17 Confirmation Hearing on Galster Plan
--------------------------------------------------------------
The Disclosure Statement explaining Galster Funding LLC's Chapter
11 Plan of Reorganization for 4921 12th Avenue, LLC, is approved.

July 17, 2019 at 3:00 p.m., is fixed for the hearing on
confirmation of the Plan before the Honorable Carla E. Craig at the
United States Bankruptcy Court, 271 Cadman Plaza East, Brooklyn,
New York.

July 8, 2019 at 5:00 p.m. is fixed as the last day for filing and
serving written objections to confirmation of the Plan.

July 8, 2019 at 5:00 p.m. is fixed as the last day for submitting
written acceptances or rejections to the Plan.

                    About 4921 12th Avenue

4921 12th Avenue LLC is a real estate lessor headquartered in
Brooklyn, New York.  The company is a single asset real estate, as
defined in 11 U.S.C. Section 101(51B).

4921 12th Avenue filed a Chapter 11 petition (Bankr. E.D.N.Y. Case
No. 18-47256) on Dec. 20, 2018.  In the petition signed by Yehuda
Salamon, sole member, the Debtor estimated $1 million to $10
million in assets and $10 million to $50 million in liabilities.
The case is assigned to Judge Carla E. Craig.  Balisok & Kaufman,
PLLC, is the Debtor's counsel.


6 DEGREES CONSULTING: Unsecureds to Get 10% Dividend Under Plan
---------------------------------------------------------------
6 Degrees Consulting, Inc. filed a small business disclosure
statement in support of its chapter 11 plan dated June 7, 2019,
which proposes to pay general unsecured non-tax claims a dividend
of 10%.

Funds for planned payments, including funds necessary for capital
replacement, repairs, or improvements will come from continued
operation of business.

If debtor's proposed plan is not confirmed, the potential
alternatives would include proposal of a different plan, dismissal
of the case or conversion of the case to Chapter 7. If the case is
converted to Chapter 7, a trustee will be appointed to liquidate
the debtor's non-exempt assets. In this event, all secured claims
and priority claims, including all expenses of administration, must
be paid in full before any distribution is made to unsecured
claimants.

A copy of the Disclosure Statement dated June 7, 2019 is available
at https://tinyurl.com/y4tmtwc9 from Pacermonitor.com at no charge.


                 About 6 Degrees Consulting

6 Degrees Consulting Inc. is a minority owned subcontractor and
supplier of construction services and materials for commercial
construction and heavy highway.

6 Degrees Consulting filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Pa. Case No. 18-23270) on Aug. 16, 2018, estimating under $1
million in assets and liabilities.  The Debtor is represented by
Francis E. Corbett, Esq.


A & B ASSOCIATES: $6.9M Sale of Port Royal Property to Dunross OK'd
-------------------------------------------------------------------
Judge Edward J. Coleman, III of the U.S. Bankruptcy Court for the
Southern District of Georgia authorized A & B Associates, L.P.'s
sale of the real property together with improvements thereon known
as 2208 Southside Blvd., Port Royal, South Carolina, to Dunross
Capital, Inc. or its Assignee for $6.9 million.

The Purchase and Sale Agreement entered into by the parties is
approved.

The sale is to close on the 45th day following the date of the
Order, or by the Purchaser's extension, under the terms of the
contract, within 90 days of the date of the Order.  If the option
for an extension to close beyond the initial 45 days is elected by
the Purchaser, by written notice to the Seller, in accordance with
the terms of the PSA, the Purchaser will deposit an additional
$25,000 with the Escrow Holder described at paragraph 4 of the PSA
at page 5.  If the sales price is adjusted for any reason
whatsoever between Debtor and Purchaser, or its Assignee, so long
as the gross proceeds from the sale are sufficient to remit payment
to FCRE on a first priority basis at closing, the Debtor is
obligated to complete the sale transaction.

The sales proceeds will be distributed as follows:

     a) Secured Debt of FCRE REL, LLC:

          1.  If the sale closes within 45 days of the date of the
Order, FCRE will be paid $5.4 million.

          2. If the sale closes between the 46th` and the 90th day
of the Order, FCRE will be paid $5.425 million.   

     b) Sales Commission of $200,000.00 to Oxford Property Group,
Inc. and $167,500 to Taycora Advisors for broker commission;

     c) The Debtor's share of Prorated Real Estate Taxes and Seller
Paid Closing Costs (estimate: $23,000);

     d) South Carolina Documentary Stamps: $25,530

     e) South Carolina Deposit for Tax Gain: TBD

     f) The Debtor's Attorney's Fees (approved on May 30, 2018, but
unpaid as of the closing date): $70,000 (estimate).

     g)The remaining sales proceeds after the above items are paid,
will be disbursed to the Debtor and deposited into the DIP Account.


The deed to the Property will vest good and marketable title in the
Purchaser "as is and where is," free and clear of all liens, liens
to attach to proceeds.  No further Order will be required by the
Court with respect to the transfer.  

The fourteen 14-day stay pursuant to Rule 4001 is waived.   

                    About A & B Associates

A & B Associates, L.P., sought Chapter 11 protection (Bankr. S.D.
Ga. Case No. 17-40185) on Feb. 3, 2017.  Christopher L. Kettles,
managing general partner, signed the petition.  The case is
assigned to Judge Edward J. Coleman III.  C. James McCallar, Jr.,
Esq., at the McCallar Law Firm, is the Debtor's counsel.  At the
time of filing, the Debtor disclosed $5.48 million in assets and
$3.93 million in liabilities.


AMBOY GROUP: United Premium Acquires Business Out of Bankruptcy
---------------------------------------------------------------
The Board of Directors of United Premium Foods ("UPF"), a private
investment group based in N.J., on June 17 disclosed that the
company has purchased the Amboy Group, a provider of quality meat
and food products, out of bankruptcy.  In addition to UPF's
acquisition of Amboy, Amboy Woodbridge Realty, an entity affiliated
with UPF, acquired the real property and cold storage business.

"The acquisitions include a state-of-the-art meat processing and
cold storage facility, as well as an extremely strong and loyal
customer base," said Jim Kwon, chairman and acting CEO, UPF.  "We
are confident that with additional working capital, supplemental
management and a new operating team, we can improve operating
efficiencies while growing the company's market share and reach.
This investment is affirmation of our belief in the strong
fundamentals of the business and our confidence in the upside
potential of this company."

As part of the acquisition, officials from UPF also disclosed that
William Colbert has agreed to join UPF as an integral part of the
management team.  Colbert's expertise in the meat processing
industry spans over 20 years covering all aspects of product
development, manufacturing, marketing and distribution.  "Mr.
Colbert has been a tremendous asset to Amboy Group, and we look
forward to working with him as he brings his strong sales and food
processing expertise to United Premium Foods," Mr. Kwon added.

"With the acquisition, United Premium Foods will continue to
produce more than 100 proprietary products, including the Tommy
Moloney's brand, the leading provider of traditional Irish meat
products in the U.S., as well as maintain a full-service, private
label meat processing business," Mr. Colbert noted.  "We will
continue our focus on delivering high quality, fresh and frozen
meat products to our customers while delivering greater cost
controls and making high value investments to expand our product
lines and market share."

United Premium Foods also released its updated Mission Statement,
which reads, "United Premium Foods is committed to preparing
delicious products to meet the highest standards, and to uphold the
most humanely sourced products to protect our planet.  We celebrate
our valued employees by providing the safest and most nurturing
working conditions. We always put our customers first and we take
pride in giving back to all the communities we serve."

                    About the Processing Facility

Located at 1 Amboy Avenue in Woodbridge, N.J., the
110,000-square-foot facility is USDA, FDA and SQF 2000 Level 2
certified, which includes a fully automated, temperature-controlled
space that uses advanced, computer controlled AS/RS and EMS storage
technologies.  One of the largest processing/cold storage
facilities in the Northeast with 1 million cu. ft. of cold storage
capacity, the facility utilizes multiple ovens to cook and
low-pressure steam various products, ranging from fresh sausage
lines to burgers and chicken patties.  The plant also is capable of
high-speed deli-slicing, injecting, brining and tumbling, as well
as packaging.  The facility is strategically located within 15
miles of the Port of Newark and is adjacent to the major roadways
throughout the state.

                    About United Premium Foods

United Premium Foods -- http://www.UnitedPremiumFoods.com/-- is a
consortium of industry veterans and specialists with expertise in a
breadth of industries, including food & beverage, manufacturing &
logistics, real estate and high tech.  Acting CEO Jim Kwon has
founded numerous companies, including Chafia Capital Partners, a
real estate and private equity firm.

                        About Amboy Group

Amboy Group LLC, d/b/a Tommy Moloney's, d/b/a Agnelli's Gourmet,
d/b/a Amboy Cold Storage, is a provider of food products and
temperature controlled warehouses.  Its food processing and cold
storage facility serves as a manufacturer/distributor of authentic
Irish and Italian meat products in America.  Amboy Group's facility
is USDA, FDA and SQF 2000 certified.

CLU Amboy, LLC, is the fee simple owner of a real property located
at 1 Amboy Avenue Woodbridge, NJ 07095 with an appraised value of
$13 million.  CLU Amboy reported gross revenue of $624,444 in 2016
and gross revenue of $644,066 in 2015.

Amboy Group holds a 51% interest in an American entity known as
Parmacotta-Amboy NA, LLC, that distributes Italian meats.  The
remaining 49% is owned by an American entity known as Parmacotto
America.  Parmacotto America is owned by Paramcotto sPa.
Parmacotto sPa has been subject to insolvency proceedings in Italy
for approximately two and half years, during which time, no revenue
has flowed from Parmacotto sPa to Amboy Group.  Amboy Group's gross
revenue amounted to $10.01 million in 2016 and $6.26 million in
2015.

Amboy Group LLC and its affiliate CLU Amboy filed Chapter 11
petitions (Bankr. D.N.J. Case Nos. 17-31653 and 17-31647) on Oct.
25, 2017.  At the time of filing, the Amboy Group reported $1.48
million in assets and $7.11 million in liabilities, while CLU Amboy
reported $13.34 million in assets and $10.78 million in
liabilities.

The Hon. Christine M. Gravelle oversees the case.

The Debtors tapped Anthony Sodono, III, Esq., and Sari Blair
Placona, Esq., of Trenk, DiPasquale, Della Fera & Sodono, P.C., as
bankruptcy counsel, substituted by McManimon Scotland & Baumann,
LLP.  The Debtors hired Reitler Kailas & Rosenblatt LLC as special
counsel, and Thomas A. Ferro, P.C., as their accountant.  The
Debtors also tapped Sout Risius Ross Advisors, LLC, and its
affiliate Stout Risius Ross, LLC, as financial advisor and
investment banker.


ARCH COAL: Enters Into Agreement with Peabody to Combine Assets
---------------------------------------------------------------
Arch Coal, Inc. and Peabody Energy Corporation (NYSE: BTU) on June
19, 2019, disclosed that they have entered into a definitive
agreement to combine the companies' Powder River Basin and Colorado
assets in a highly synergistic joint venture aimed at strengthening
the competitiveness of coal against natural gas and renewables,
while creating substantial value for customers and shareholders.

The joint venture is expected to unlock synergies with a pre-tax
net present value of approximately $820 million.  Average joint
venture synergies are projected to be approximately $120 million
per year over the initial 10 years.  The joint venture will be 33.5
percent owned by Arch and 66.5 percent owned by Peabody.

"We are excited about this transaction's potential to enhance the
value of Arch's top-tier thermal coal assets," said Arch Chief
Executive Officer John W. Eaves.  "This new joint venture should
allow us to realize the full potential of our valuable assets in
the Powder River Basin and Colorado and benefit our customers in
the process.  The significant operating synergies will enhance the
competitiveness of these assets and also enable us to continue to
generate long-term, sustainable returns for our shareholders.  We
look forward to completing this transaction in a timely manner."

"The Peabody/Arch joint venture is an extraordinary example of
industrial logic targeted to strengthen the competitive position of
our products and create significant value for multiple stakeholders
in a low-cost combination with exceptional physical synergies,"
said Peabody President and Chief Executive Officer Glenn Kellow.
"The transaction unites two strong, culturally aligned workforces
with a commitment to core values such as safety and sustainability.
We believe this joint venture allows us to offer enhanced products
and security of supply for customers, increased value for
shareholders, greater efficiencies for railroads, long-term
opportunities for employees and strength for the communities in
which we operate."

Governance of the joint venture will consist of a five-member board
of managers appointed by Arch and Peabody.  Each party will have
voting rights in proportion to its ownership percentages, with
certain items requiring supermajority approval.  As the operator,
Peabody will manage all activities including the marketing of coal.
Arch and Peabody will share profits, capital requirements and cash
distributions of the joint venture in proportion to ownership
percentages.

Among other assets, the joint venture will combine two productive
and adjacent U.S. coal mines -- Arch's Black Thunder Mine and
Peabody's North Antelope Rochelle Mine (NARM), which share a
property line of more than seven miles -- into a single, lower-cost
complex.

Aggregated synergies are expected to enable the joint venture to
significantly reduce costs well beyond what each company could
achieve alone.  A lower cost structure enables coal to better
compete against other energy sources for electricity generation and
create value.  Expected substantial synergies include, among
others:

   -- Optimization of mine planning, sequencing and accessing
otherwise isolated reserves;
   -- Improved efficiencies in deployment of the combined equipment
fleet;
   -- More efficient procurement and warehousing;
   -- Enhanced blending capabilities to more closely meet customer
requirements;
   -- Improved utilization of the combined rail loadout system and
other rail efficiencies;
   -- Reductions in long-term capital requirements; and
   -- Leveraging of shared services.

Underpinning the combination, Peabody has the lowest cost position
among major Powder River Basin (PRB) producers and Arch has some of
the highest-quality coal in the PRB.  Arch is contributing its
low-cost, higher-margin West Elk Mine that enhances Peabody's
Twentymile Mine in Colorado.  Further PRB synergies are expected
from the integration of the Caballo, Rawhide and Coal Creek mines,
which have some of the best overburden-to-coal ratios in the world.
Together with Black Thunder and NARM, the PRB assets represent
five of the 10 most productive mines in the United States.  The
inclusion of the Colorado assets will lead to additional synergies
and offer the ability to better serve domestic customers while
preserving seaborne coal optionality.

The combination of assets from two recognized companies is expected
to advance continued responsible mining and reclamation for decades
to come, benefiting all stakeholders.

"In addition to enhancing the competitiveness of our western
thermal coal platform, this move represents an excellent fit with
our well-defined strategy for long-term value creation and growth,"
Mr. Eaves said.  "While we expect our thermal coal assets to
contribute significantly to our overall financial performance well
into the future, we plan to focus our future growth and all of our
projected growth capital on our core coking coal segment. Earlier
this year, we announced plans to develop a second, world-class,
High-Vol A longwall mine on the Leer reserves in northern West
Virginia, and will continue to evaluate additional investments on
this 200-million-ton reserve base over time. Looking ahead, we
anticipate continued, favorable market dynamics in global coking
coal markets, and view our premier coking coal portfolio as the
centerpiece of our strategy to drive exceptional, long-term
returns."

At the same time, Arch plans to drive forward with its highly
successful capital return program. Since launching the program in
May 2017, Arch has returned $725.6 million to shareholders via
buybacks and dividends.  As part of this program, Arch has bought
back 8.1 million shares, or nearly one third of its initial shares
outstanding, through March 31, 2019.  "With our strong and
increasingly valuable coking coal portfolio and continuing
contributions from our thermal coal assets, we remain sharply
focused on generating high levels of free cash that we can use to
fuel our robust and ongoing capital return program," Mr. Eaves
said.  

Arch and Peabody will continue to operate the assets independently
until closing of the transaction.  Closing is subject to regulatory
approval and the satisfaction of customary closing conditions.
Upon closing, Arch and Peabody will each contribute its active
Powder River Basin and Colorado mines, as well as related assets
and liabilities, into the joint venture.  Each company expects to
proportionally consolidate the joint venture within their
respective financial statements.

In 2018, on a combined basis, the assets shipped 206.0 million tons
of coal.  The assets are operated by a workforce of approximately
3,300, with combined proven and probable reserves totaling 3.4
billion tons as of December 31, 2018.

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., (NYSE: ARCH) is a producer and
marketer of coal in the United States, with operations and coal
reserves in each of the major coal-producing regions of the
Country.  As of January 2016, it was the second-largest holder of
coal reserves in the United States, owning or controlling over five
billion tons of proven and probable reserves.  

Arch Coal, Inc., and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion at the time of the bankruptcy filing.  Judge
Charles E. Rendlen III has been assigned the case.

The Debtors engaged Davis Polk & Wardwell LLP as counsel, Bryan
Cave LLP as local counsel, FTI Consulting, Inc. as restructuring
advisor, PJT Partners as investment banker, and Prime Clerk LLC as
notice, claims and solicitation agent.

An Official Committee of Unsecured Creditors was appointed in the
case.  The Committee retained Kramer Levin Naftalis & Frankel LLP
as counsel; Spencer Fane LLP as local counsel; Berkeley Research
Group, LLC as financial advisor; Jefferies LLC as investment
banker; and Blackacre LLC as coal consultant.

                          *     *     *

The Bankruptcy Court on Sept. 13, 2016, entered an order confirming
the Debtors' Fourth Amended Joint Plan dated as of Sept. 11, 2016.
On Oct. 5, 2016, Arch Coal consummated the transactions
contemplated by the Plan, which became effective on that date.


AVIS BUDGET: S&P Rates $400MM Sr. Unsecured Notes 'BB'
------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '4'
recovery rating to Avis Budget Car Rental LLC and Avis Budget
Finance Inc.'s proposed $400 million senior unsecured notes due
2027. The notes are guaranteed by their parent Avis Budget Group
Inc. The '4' recovery rating indicates S&P's expectation that
lenders would receive average (30%-50%; rounded estimate: 35%)
recovery of their principal in the event of a payment default. The
company will use the proceeds from these notes to redeem a portion
of its outstanding senior unsecured notes due 2023 and for general
corporate purposes.

S&P's ratings on Avis Budget Group Inc. reflect the company's
position as one of the largest global car rental companies and the
price-competitive and cyclical nature of on-airport car rentals.
S&P's ratings also incorporate the relatively stable cash flow that
the company's car rental business generates -- even during periods
of earnings weakness -- and its substantial capital spending
requirements, which it can quickly reduce if industry or economic
conditions warrant.


BRAZOS DELAWARE II: Fitch Lowers IDR to B-, Outlook Still Stable
----------------------------------------------------------------
Fitch Ratings has downgraded Brazos Delaware II, LLC's Issuer
Default Rating (IDR) to 'B-' from 'B+' and its senior secured
rating to 'B'/'RR3' from 'BB-'/'RR3'. The Rating Outlook is
Stable.

The downgrades reflect Brazos's near-term elevated leverage and
weak cash flow profile, stemming from slower than projected volume
growth through Brazos's system. The lower than expected volume ramp
will now push Brazos's 2019 leverage above Fitch's prior negative
ratings sensitivity, which cited 2019 leverage above 6.0x as a
development that could lead to a negative ratings action. Fitch now
expects Brazos's leverage (total gross debt/adjusted EBITDA) to be
above 9.5x in 2019. In addition, Fitch now forecasts Brazos's fixed
charge coverage to be below 1.6x for 2019.

The pace of deleveraging for Brazos will be longer than expected
given Brazos's cash flow is largely predicated on the production
growth of its producer customers. While rig counts on dedicated
acreage have been in line with Fitch expectations, well completion
counts have under-performed. Factors including producer cost
controls and surface logistics have largely contributed to the
upstream production underperformance at Brazos's system.
Reallocation of capital by producers to other areas across their
operating footprints has also negatively impacted Brazos.

The downgrade further reflects Fitch's concern that any additional
slowdown in volume growth, whether from capital market conditions
or the currently low prices of hydrocarbons, could be deleterious
to Brazos's credit profile, which would pressure the covenant
coverage metric. Fitch currently expects 3Q19 and 4Q19 gas
throughput volumes to be above 310 mmcfpd and 380 million cubic
feet per day (mmcfpd), respectively, and oil throughput to be above
30 mbblpd. A positive rating action is possible should growth keep
pace with or exceed Fitch's base case expectations and leverage
trend below 6.5x for 2020. Fitch also expects that Brazos's sponsor
will remain financially supportive in the near term for Brazos to
meet its growth capex.

Fitch favorably views Brazos's cash flow stability from its 100%
fixed fee contract profile, which protects Brazos from direct
commodity price exposure. Fitch recognizes that Brazos's top
customers are pure-play Permian producers that in aggregate have a
robust production plan in the Permian basin for 2019. Additionally,
Brazos's recent joint venture partnership with Williams Companies
(WMB; BBB-/Rating Watch Positive) also increases Brazos overall
size and acreage dedication, as well as additional commercial
opportunities. Brazos recently announced a 15-year, fee-based
acreage dedications totaling 55,000 acres with an oil supermajor.
Volume ramp associated with increased production and future
commercial opportunities should continue to help Brazos deliver.

KEY RATING DRIVERS

Elevated Leverage: Brazos's leverage reduction has been significant
slower than Fitch's previous forecast. Fitch now projects Brazos's
leverage (total debt/adjusted EBITDA) to remain high at above 9.5x
in 2019 and close to 6.5x in 2020 with fixed charge coverage below
1.6x for 2019. Additionally, volume slowdown has also diminished
Brazos's future cash flow, with Fitch now forecasting Brazos to
remain FCF negative until 2021. The credit facility covenant
currently prevents restricted payments of available cash unless
Brazos maintains a 4.5x or less total net debt leverage (as
defined). Fitch expects Brazos will be able to meet its capex needs
related to growth projects and debt obligation with its operating
cashflow and financial support from its sponsor.

Volume Growth Underperformance: Volumes growth on Brazos's system
has significantly underperformed relative to Fitch's prior
expectations. Brazos's near-term production growth has been
hampered by well completion delays, as evidenced by the
longer-than-initially forecasted spuds to sales period. Producers'
cost control and revised production schedule on Brazos's dedicated
acreage, as well as surface logistics, also largely contributed to
well completion delays, resulting in significantly lower throughput
volume at Brazos's system. However, Fitch notes that Brazos's 2018
throughput volume overall has grown substantially albeit at a
slower rate than originally expected, with 4Q18 volume showing more
than 50% increase. That said, Fitch had previously anticipated
2018-2019 volumes would grow enough to allow Brazos to deliver
towards or 6.0x by year-end 2019. Fitch now expects near-term
leverage to remain elevated, with 2019 leverage exceeding 9.5x.

Volumetric and Counterparty Exposure: Brazos generates 100% of its
cash flow under fixed-fee contracts with a weighted average of ~10
years for its contracts backed by over 500,000 acreage dedication.
Fixed-fee contracts immunize Brazos from direct commodity price
exposure. However, indirect volumetric risk remains. Brazos has
customer concentration exposure with top five producers
constituting over 75% of its revenue in 2019 and 2020. Volume
underperformance or a reallocation of capital by any of these major
producer counterparties towards opportunities elsewhere, as seen in
the past year, will impair Brazos's projected system volume and
cash flow.

However, somewhat offsetting the concern about customer
concentration exposure, is that most of Brazos's top counterparties
are pure-play Permian players that in aggregate have a robust
production plan in place in the near term. These producer customers
have been ramping up production across their Permian footprint and
are expected to continue to do so for 2019 (provided oil prices
remain consistent with Fitch's base case expectation of $57.50 WTI
for 2019 and 2020). Additionally, the recent partnership with WMB
boost Brazos's size and provide it with additional acreage
dedication with an oil supermajor.

Production Fundamentals Remain Favorable: Crude production in the
Permian has risen in the past years and is expected to continue
posting strong growth in the near term, given the favorable
production economics within the region. Brazos operates in the
Southern Delaware basin, where Fitch expects production to continue
to grow. Brazos dedicated acreage gives Brazos the right to gather
and transport all the associated gas produced on the dedicated
acres, providing growth upside as producers continue to develop
their acreage.

Small, Single Basin Provider: Brazos's growth is somewhat inhibited
by its scale and scope of operations, given that the company is a
small natural gas gathering & processing (G&P) and crude gathering
services provider that operates predominately in the Southern
Delaware region of the Permian basin. The company is expected to
generate an annual EBITDA less than $200 million in the near term.
Further, given its single basin focus, Brazos is subject to
outsized event risk should there be a slow-down or longer-term
disruption of Delaware basin production.

Competitive Risk: Fitch recognizes that competition is also a
limiting factor that can hamper Brazos's future growth. In seeking
further acreage dedications, Brazos faces competition from larger
midstream companies that can offer more integrated midstream
services, including greater hub connectivity within the Southern
Delaware basin, as well as downstream services such as long-haul
transport and fractionation.

DERIVATION SUMMARY

Brazos's ratings are limited by the size and scale of operations of
the company. Brazos is a single basin focused midstream company
that provides natural gas G&P and crude gathering services in the
Permian Basin, particularly in the Southern Delaware basin. Fitch
typically views small scale (less than $300 million in EBITDA),
stand-alone, single-asset/basin focused midstream G&P service
providers credit profiles as generally being more consistent with a
'B' range IDR, given the competitiveness and cash flow volatility
of the G&P business through business and commodity price cycles.
Brazos's future cashflow and deleveraging profile are strongly
dependent on the production ramp from the producers under its
dedicated acreage. Production growth underperformance by Brazos's
customers has resulted in a much weaker credit profile for Brazos
in the near term. Further, Fitch's size and scale concerns with
regard to midstream energy issuers tends to focus on facilitating
access to capital to meet funding needs, since larger entities have
an easier time accessing the capital markets. Fitch does not expect
Brazos to have any near-term refinancing risk until its term loan
maturity.

In Fitch's view, relative to its higher rated 'B+' IDR rated peers
such as Lucid Energy (B+/Negative), Brazos is also smaller in size
and exhibits weaker credit metrics in the near term. Fitch expects
leverage to trend below 6.0x for Lucid in the near term.
Additionally, relative to its 'B' rated peer Navitas (B/Stable),
Fitch expects Brazos to be have higher leverage in 2019 and 2020,
but recognizes that Brazos has a more stable cashflow contract
profile. While Brazos generates 100% of its cashflow under fixed
fee contract, Navitas retains some commodity price exposure.

KEY ASSUMPTIONS

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

  -- Base case long-term $57.50 WTI for 2019 and 2020; rates
     charged to customers consistent with contracted rates,
     including rate escalators;

  -- Volume growth through 2021 driven by production ramp by its
     existing producer customers; Fitch expects 3Q19 and 4Q19
     throughput volume to be above 310 mmcfpd and 380 mmcfpd;

  -- CAPEX spent in 2019 funded by operating cash flow and equity
     contribution from its sponsor; modest capex in 2020 and 2021;

  -- Deleveraging supported by term loan amortization (1% per
     annum) and debt repayment under excess cash flow sweep.

Recovery Assumptions:

In its recovery analysis, Fitch utilized a 6x going-concern EBITDA
multiple that is in line with recent reorganization multiples in
the energy sector. There have been a limited number of bankruptcies
and reorganizations within the midstream space. Two gathering and
processing bankruptcies of companies with a short pre-bankruptcy
life indicate that pro forma exit Enterprise Value over
pre-distress EBITDA provide an approximate range of multiples
between 3.5x and 7.0x. In its recent Bankruptcy Case Study Report,
"Energy, Power and Commodities Bankruptcies Enterprise Value and
Creditor Recoveries" published in April 2019, the median enterprise
valuation exit multiplies for 29 energy cases for which this was
available was 6.1x, with a wide range of multiples observed.
Additionally, current EV/EBITDA multiples of publicly traded
gathering and processing companies similar, though larger, to
Brazos trade in the 8x-14x range, while private companies have
transacted at a higher range of multiples. More generally
historical mid-cycle public midstream EV/EBITDA trading multiples
have ranged from 4x-8x (2010 through 2018).

Fitch's going concern EBITDA assumption is $90 million-$95 million
as a mid-cycle estimate of sustainable EBITDA for the company post
default and bankruptcy emergence. Using this going concern EBITDA
and assuming a fully drawn revolver and a 10% administrative claim
in the recovery calculation, these assumptions result in a recovery
rate for the term loan B within the 'RR3' range.

RATING SENSITIVITIES

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

  -- Continued growth in EBITDA with volumes consistent with
     above 380 mmcfpd while maintaining leverage at or below 6.5x
     on a sustained basis;

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

  -- Slowdown in volume growth across Brazos's acreage, as
evidenced
     by a decline in rig count or a moderation in daily volumes
     through Brazos's system; Fitch expects 2019 average
throughput
     volume to be above 290 mmcfpd and above 400 mmcfpd in 2020
and
     4Q19 rate to be above 380mmcfpd;

  -- Leverage (total debt/adjusted EBITDA at or above 7.5x on a
     sustained basis. Fitch expects leverage to be above 9.5x by
     end of 2019 but improve below 6.5x by 2020;

  -- FFO Fixed charge coverage sustained below 1.5x;

LIQUIDITY AND DEBT STRUCTURE

Manageable Liquidity: Fitch believes that Brazos should have
adequate liquidity to meet its debt service obligation and capital
needs in 2019 and 2020 under its current cash balance of about $30
million, $50 million undrawn super (with an optionality of $10
million incremental facility), and additional equity commitment
from its sponsor. The term loan also requires a six-month Debt
Service Reserve Account ("DSRA"), which was funded by its sponsor
at closing. The revolving credit facility has financial covenant of
maximum super senior leverage ratio of 1.25x. The term loan has a
DSCR covenant threshold of 1.1x that will start testing 3Q19. Fitch
expects Brazos to remain in compliance with its covenants through
the forecast periods.


BRISTOW GROUP: Files Financial Reports Following Delay
------------------------------------------------------
Bristow Group Inc. on June 19, 2019, filed its quarterly report on
Form 10-Q for the quarter ended December 31, 2018 (the "Q3 FY2019
10-Q"), as well as amendments to its previously filed Annual Report
on Form 10-K for the fiscal year ended March 31, 2018 (the "Amended
FY2018 10-K"), Quarterly Report on Form 10-Q for the quarter ended
June 30, 2018 and Quarterly Report on Form 10-Q for the quarter
ended September 30, 2018 (collectively, the "Amended Reports").

Key Management and Audit Findings:

   -- Due to substantial doubt about the Company's ability to
continue as a going concern, the Company was required to reclassify
from long-term to short-term approximately $1.4 billion of its debt
on its consolidated balance sheets included in the Amended Reports
and the Q3 FY2019 10-Q.

   -- The material weakness previously communicated in February
2019, did not result in any related misstatements to the financial
statements.

   -- The Company did not detect any indications of accounting
irregularities or impropriety.

   -- KPMG LLP's reconsideration of previously concluded upon audit
and review matters resulted in no material change in conclusions
from those previously reached.

As previously communicated in February 2019, Bristow identified a
control deficiency, classified as a material weakness, related to
monitoring compliance with non-financial covenants underlying its
secured financing and helicopter lease agreements and, as a result,
began a review to assess compliance with non-financial covenants in
certain agreements.  The review commenced when the Company's senior
management became aware that certain pledged and leased helicopter
engines were not matched to specific pledged or leased helicopter
airframes or returned to such airframes within specified periods,
as is required under certain of the agreements.  All such instances
were cured prior to December 31, 2018 for all but nine helicopter
engines for which the pledged or leased engines were not returned
to the pledged or leased airframes within specified periods due to
delays with certain of the Company's maintenance service providers.


The Company determined that it was necessary to delay the filing of
its Q3 FY2019 10-Q to provide additional time to complete the
review and allow KPMG LLP ("KPMG"), the Company's independent
registered public accounting firm, sufficient time to perform
procedures arising out of management's assessment of such
compliance.

As a result of the material weakness, the Company determined it was
necessary to file the Amended Reports, and KPMG performed and
completed certain other procedures it deemed necessary in order to
issue a revised Report of Independent Registered Public Accounting
Firm Regarding Internal Control Over Financial Reporting for the
Amended FY2018 10-K, including a reconsideration of previously
concluded upon audit and review matters.  Management devoted
significant time and effort to provide additional supporting
documentation to KPMG to facilitate the completion of those
additional procedures by KPMG.

With the filings made on June 19, the review of existing processes
and controls has been completed and a remediation plan has been
developed and is being implemented to remediate the previously
disclosed material weakness.  The material weakness will be
considered remediated once these controls have operated for a
sufficient period of time for management to conclude, through
testing, that these controls are operating effectively.  There were
limited matters identified through the assessment which were
considered breaches of certain debt or lease agreement covenants;
however, none of those breaches matured into events of default and
were appropriately cured or resolved with the relevant lender
and/or lessor.

As disclosed in the filings, the material weakness did not result
in any corrected misstatements or material corrections to the
financial statements.  The Company did not detect any indications
of accounting irregularities or impropriety in this process.
Further, KPMG's reconsideration of previously concluded upon audit
and review matters resulted in no material change in conclusions
from those previously reached.

Irrespective of the conclusions noted above, the Company was
required to reclassify approximately $1.4 billion of its debt on
its consolidated balance sheets included in the Amended Reports and
the Q3 FY2019 10-Q from long-term to short-term as a result of the
Company's previously disclosed going concern assessment which was
required to extend twelve-months from the date of the Amended
Reports.

Bristow also disclosed in a Form 12b-25 filed with the Securities
and Exchange Commission on June 17, 2019, that it has delayed the
preparation and completion of the fiscal year 2019 Form 10-K due to
the effort required to prepare and complete the Amended Reports and
the Q3 FY2019 10-Q, the Company's attention to the Chapter 11
cases, the additional time required by management to make
appropriate revisions to the financial statements and disclosures
included in the fiscal year 2019 Form 10-K to reflect the
commencement of the Chapter 11 cases, and the timing of the
Bankruptcy Court hearing and approval regarding KPMG's retention as
its independent registered public accounting firm.  The Company
intends to file the fiscal year 2019 Form 10-K as soon as
practicable after the anticipated Bankruptcy Court hearing
regarding KPMG's retention.

                     About Bristow Group

Bristow Group Inc. (OTC: BRSWQ) -- http://www.bristowgroup.com/--
provides industrial aviation and charter services to offshore
energy companies in Europe, Africa, the Americas, and the Asian
Pacific.  It also provides search and rescue services for
governmental agencies and the oil and gas industry.  Headquartered
in Houston, Bristow Group employs approximately 3,000 individuals
around the world.

Bristow Group and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
19-32713) on May 11, 2019.  As of Sept. 30, 2018, the Debtors had
$2.861 billion in assets and $1.886 billion in liabilities.

The cases are assigned to Judge David R. Jones.

The Debtors tapped Baker Botts LLP as bankruptcy counsel; Wachtell,
Lipton, Rosen & Katz as co-counsel with Baker Botts; Alvarez &
Marsal and Houlihan Lokey Capital, Inc., as financial advisors; and
Prime Clerk LLC as claims, noticing and solicitation agent.


CARMEL MEDICAL: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on June 19 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Carmel Medical Office Building,
LLC.

             About Carmel Medical Office Building

Carmel Medical Office Building, LLC 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 10601 North Meridian
Street Indianapolis, IN 46260 having a current value of $5.3
million (based on offer received in 2019).

Carmel Medical Office Building, based in Carmel, IN, filed a
Chapter 11 petition (Bankr. S.D. Ind. Case No. 19-03536) on May 15,
2019.  In the petition signed by Zakir H. Khan, president, the
Debtor disclosed $6,125,000 in assets and $6,667,625 in
liabilities.  The Hon. James M. Carr oversees the case.  Jeffrey M.
Hester, partner of Hester Baker Krebs LLC, serves as bankruptcy
counsel to the Debtor.


CASCADES OF GROVELAND: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: The Cascades of Groveland Homeowners' Association, Inc.
        2180 West SR 434, Suite 5000
        Longwood, FL 32779

Business Description: The Cascades of Groveland Homeowners'
                      Association, Inc. is a Florida non-profit
                      corporation based in Longwood.

Chapter 11 Petition Date: June 21, 2019

Court: United States Bankruptcy Court
       Middle District of Florida (Orlando)

Case No.: 19-04077

Debtor's Counsel: Michael A. Nardella, Esq.
                  NARDELLA & NARDELLA, PLLC
                  135 West Central Boulevard, Suite 300
                  Orlando, FL 32801
                  Tel: 407-966-2680
                  E-mail: mnardella@nardellalaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brian Feeney, president.

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

          http://bankrupt.com/misc/flmb19-04077.pdf


CELLECTAR BIOSCIENCES: Anson Funds Has 6.4% Stake as of May 16
--------------------------------------------------------------
Anson Funds Management LP (d/b/a Anson Funds), Anson Management GP
LLC, Bruce R. Winson, Anson Advisors Inc., Amin Nathoo, and Moez
Kassam disclosed in a Schedule 13G filed with the Securities and
Exchange Commission that as of May 16, 2019, they beneficially own
600,000 shares of common stock of Cellectar Biosciences, Inc.,
representing 6.4 percent of the shares outstanding.

This Schedule 13G relates to the Common Stock of the Issuer
purchased by a private fund to which Anson Funds Management LP and
Anson Advisors Inc. serve as co-investment advisors.  Anson Funds
Management LP and Anson Advisors Inc. serve as co-investment
advisors to the Fund and may direct the vote and disposition of the
600,000 shares of Common Stock held by the Fund.  As the general
partner of Anson Funds Management LP, Anson Management GP LLC may
direct the vote and disposition of the 600,000 shares of Common
Stock held by the Fund.  As the principal of Anson Fund Management
LP and Anson Management GP LLC, Mr. Winson may direct the vote and
disposition of the 600,000 shares of Common Stock held by the Fund.
As directors of Anson Advisors Inc., Mr. Nathoo and Mr. Kassam may
each direct the vote and disposition of the 600,000 shares of
Common Stock held by the Fund.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/hs9cHr

                   About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

Cellectar reported a net loss attributable to common stockholders
of $15.48 million in 2018, following a net loss attributable to
common stockholders of $15.01 million in 2017.  As of March 31,
2019, Cellectar had $12.54 million in total assets, $2.70 million
in total liabilities, and $9.84 million in total stockholders'
equity.

Baker Tilly Virchow Krause, LLP, in Madison, Wisconsin, the
Company's auditor since 2016, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2018, noting that the Company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


CELLECTAR BIOSCIENCES: Boxer Capital Has 9.9% Stake as of May 16
----------------------------------------------------------------
Boxer Capital, LLC, Boxer Asset Management Inc., and Joe Lewis
disclosed in a Schedule 13G filed with the Securities and Exchange
Commission that as of May 16, 2019, they beneficially own 931,764
shares of common stock of Cellectar Biosciences Inc., representing
9.99 percent of the shares outstanding.  This percentage is based
on 9,326,973 shares of Common Stock outstanding, which is the sum
of (i) 5,315,209 shares of Common Stock outstanding as of May 1,
2019 as set forth in the Issuer's Quarterly Report on Form 10-Q
filed with the SEC on May 6, 2019, (ii) an aggregate of 4,000,000
shares of Common Stock issued in the Offerings, and (iii) 11,764
shares of Common Stock that Boxer Capital has the right to acquire
pursuant to a warrant to purchase Common Stock issued in connection
with the Offerings.

Boxer Management is the managing member and majority owner of Boxer
Capital.  Joe Lewis is the sole indirect beneficial owner of and
controls Boxer Management.

The Reporting Persons have shared power to dispose or to direct the
disposition of the 931,764 shares of Common Stock they beneficially
own.

A full-text copy of the regulatory filing is available for free at:
https://is.gd/sw7vIt

                    About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

Cellectar reported a net loss attributable to common stockholders
of $15.48 million in 2018, following a net loss attributable to
common stockholders of $15.01 million in 2017.  As of March 31,
2019, Cellectar had $12.54 million in total assets, $2.70 million
in total liabilities, and $9.84 million in total stockholders'
equity.

Baker Tilly Virchow Krause, LLP, in Madison, Wisconsin, the
Company's auditor since 2016, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2018, noting that the Company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


CELLECTAR BIOSCIENCES: Mitchell Kopin Has 6.1% Stake as of May 16
-----------------------------------------------------------------
Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC
disclosed in a Schedule 13G filed with the Securities and Exchange
Commission that as of May 16, 2019, they beneficially own 601,800
shares of common stock of Cellectar Biosciences, Inc., which
represents 6.1% of the shares outstanding.  A full-text copy of the
regulatory filing is available for free at:

                      https://is.gd/ZpBbIY

                   About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

Cellectar reported a net loss attributable to common stockholders
of $15.48 million in 2018, following a net loss attributable to
common stockholders of $15.01 million in 2017.  As of March 31,
2019, Cellectar had $12.54 million in total assets, $2.70 million
in total liabilities, and $9.84 million in total stockholders'
equity.

Baker Tilly Virchow Krause, LLP, in Madison, Wisconsin, the
Company's auditor since 2016, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2018, noting that the Company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


CELLECTAR BIOSCIENCES: Tang Capital Has 6.8% Stake as of May 15
---------------------------------------------------------------
Tang Capital Partners, LP, Tang Capital Management, LLC, the
general partner of Tang Capital Partners, and Kevin Tang, the
manager of Tang Capital Management, disclosed in a Schedule 13G
filed with the Securities and Exchange Commission that as of May
15, 2019, they beneficially own 637,715 shares of common stock of
Cellectar Biosciences, Inc., representing 6.8 percent of the shares
outstanding.  The percentage is based on 9,396,036 shares of Common
Stock outstanding reported to be issued and outstanding in the
Company's Prospectus filed pursuant to Rule 424(b)(5) with the SEC
on May 17, 2019 after giving effect to the completion of an
offering.  A full-text copy of the regulatory filing is available
for free at https://is.gd/qgqpHH

                About Cellectar Biosciences

Cellectar Biosciences -- http://www.cellectar.com/-- is focused on
the discovery, development and commercialization of drugs for the
treatment of cancer.  The Company plans to develop proprietary
drugs independently and through research and development
collaborations.  The core drug development strategy is to leverage
its PDC platform to develop therapeutics that specifically target
treatment to cancer cells.  Through R&D collaborations, the
Company's strategy is to generate near-term capital, supplement
internal resources, gain access to novel molecules or payloads,
accelerate product candidate development and broaden its
proprietary and partnered product pipelines.

Cellectar reported a net loss attributable to common stockholders
of $15.48 million in 2018, following a net loss attributable to
common stockholders of $15.01 million in 2017.  As of March 31,
2019, Cellectar had $12.54 million in total assets, $2.70 million
in total liabilities, and $9.84 million in total stockholders'
equity.

Baker Tilly Virchow Krause, LLP, in Madison, Wisconsin, the
Company's auditor since 2016, issued a "going concern" opinion in
its report on the consolidated financial statements for the year
ended Dec. 31, 2018, noting that the Company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


CLOUD PEAK: July 11 Auction of Substantially All Assets Set
-----------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware authorized the bidding procedures of Cloud Peak Energy
Inc. and its debtor-affiliates in connection with one or more sales
of all, substantially all, or any combination of their assets at
auction.

The Sale Schedule is approved as set forth and subject to
modification in accordance with the Bidding Procedures:

     a. Indication of Interest Deadline: June 14, 2019 at 5:00 p.m.
(ET), is the deadline by which any party interested in a
transaction will submit a non-binding indication of interest.   

     b. Bid Deadline: July 8, 2019 at 5:00 p.m. (ET)

     c. The Debtors may, at any time until two calendar days prior
to the date of the Auction, select one or more parties to be a
Stalking Horse Bidder with respect to some or all of their Assets.


     d. Auction: July 11, 2019 at 11:00 a.m. (ET) is the date and
time that the Auction, if any, will be held at Centerview Partners
LLC, 31 West 52nd Street, 22nd Floor, New York, New York, 10019, or
such later date, time, and location, as selected by the Debtors.  


     e. Sale Objection Deadlines: July 16, 2019 at 11:00 a.m. (ET)

     f. Sale Hearing: July 18, 2019, at 10:00 a.m. (ET)

The Bidding Procedures will govern the submission, receipt, and
analysis of all bids relating to the proposed sale of the Assets.
Any party desiring to bid on one or more individual Assets or all
or substantially all of the Assets will comply with the Bidding
Procedures and this Bidding Procedures Order.  The Debtors are
authorized to take any and all actions necessary to implement the
Bidding Procedures.

If the Debtors receive two or more Qualified Bids with respect to
All Assets or the same or similar Asset Package, as applicable,
then the Debtors will conduct the Auction to determine the Winning
Bidder(s) with respect to such Assets.  The Debtors and their
professionals will direct and preside over the Auction.

At the Auction, Qualified Bidders that have submitted Qualified
Bids by the Bid Deadline will be entitled, but will not be
obligated, to submit Overbids, and will be entitled in any such
Overbids to credit bid all or a portion of the value of the secured
portion of its claims, subject to the limits on credit bidding set
forth in the Bidding Procedures.   

Any initial Overbid to the Baseline Bid(s) will be no less than the
value of the Baseline Bid(s)'s Purchase Price of the Assets, plus
$250,000 plus the amount of the Bid Protections, if any.  Any
subsequent Overbids will be in increments of value equal to
$250,000, as determined by the Debtors in an exercise of their
reasonable business judgment.

The Debtors are authorized to select one or more parties to be a
Stalking Horse Bidder with respect to some or all of their Assets.

The Auction and Sale Notice is approved.  No other or further
notice of the Auction and Sale will be required.

The Assumption and Assignment Procedures are approved.  By June 21,
2019, the Debtors will file with the Court, and serve on the
Contract Counterparties, the Cure Notice.  

The requirements of Bankruptcy Rules 6004(h) and 6006(d), as well
as the requirements of Local Rules 9006-1(c)(ii) and 9029-3(a)(i),
are waived.

A copy of the Bidding Procedures attached to the Order is available
for free at:

    http://bankrupt.com/misc/Cloud_Peak_272_Order.pd

                    About Cloud Peak Energy

Cloud Peak Energy Inc. -- http://www.cloudpeakenergy.com/-- is
coal producer headquartered in Gillette, Wyo. It mines low sulfur,
subbituminous coal and provides logistics supply services. Cloud
Peak owns and operates three surface coal mines and owns rights to
undeveloped coal and complementary surface assets in the Powder
River Basin. It is a sustainable fuel supplier for approximately
two percent of the nation's electricity.

Cloud Peak Energy and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-11047) on May 10, 2019.  The Debtors disclosed $928,656,000 in
assets and $634,982,000 in liabilities as of the bankruptcy
filing.

The cases are assigned to Judge Kevin Gross.

The Debtors tapped Vinson & Elkins LLP as lead counsel; Richards,
Layton & Finger, P.A. as local counsel; Centerview Partners LLC as
investment banker; FTI Consulting Inc. as operational advisor; and
Prime Clerk LLC as claims and noticing agent.


COBRA WELL: Sale of Personal Property Approved
----------------------------------------------
Judge Tim J. Ellis of the U.S. Bankruptcy Court for the District of
Wyoming authorized Cobra Well Testers, LLC's sale of the personal
property identified on Exhibit A "as is, where is," free and clear
of liens, for the prices and to the Buyers as indicated on Exhibit
A.

The liens of all creditors will attach to the sale proceeds.  

The sale proceeds will remain in the Debtor's DIP account pending
further order of the Court.  

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

   http://bankrupt.com/misc/Cobra_Well_209_Sales.pdf

                   About Cobra Well Testers

Cobra Well Testers, LLC, provides high pressure well testing
services to the oil and gas industry.  It was established in 1999
to initially service the Muddy Ridge gas field in Western Wyoming.
Since then, the company has expanded to complete work in multiple
oil and gas basins throughout the Rockies.

Cobra Well Testers sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Wyo. Case No. 18-20449) on May 31, 2018.
In the petition signed by Yavette Bailey, member, the Debtor
estimated assets of $1 million to $10 million and liabilities of
$1
million to $10 million.  Judge Cathleen D. Parker oversees the
case.  Markus Williams Young & Zimmermann LLC is the Debtor's
bankruptcy counsel.


COCRYSTAL PHARMA: Increases President's Annual Salary to $260,000
-----------------------------------------------------------------
The Compensation Committee of the Board of Directors of Cocrystal
Pharma, Inc. had approved an increase in the annual base salary for
Sam Lee, the president of the Company, from $200,000 to $260,000,
effective May 3, 2019.  No other changes were made to Dr. Lee's
compensatory arrangements.

                    About Cocrystal Pharma

Cocrystal Pharma, Inc., formerly known as Biozone Pharmaceuticals,
Inc., is a clinical stage biotechnology company discovering and
developing novel antiviral therapeutics that target the replication
machinery of hepatitis viruses, influenza viruses, and noroviruses.
The company is headquartered in Tucker, Georgia.

Cocrystal Pharma incurred a net loss of $49.05 million in 2018,
following a net loss of $613,000 in 2017.  As of March 31, 2019,
Cocrystal Pharma had $76.29 million in total assets, $2.47 million
in total liabilities, and $73.82 million in total stockholders'
equity.

BDO USA, LLP, in Miami, Florida, the Company's auditor since 2013,
issued a "going concern" qualification in its report dated April 1,
2019, on the Company's consolidated financial statements for the
year ended Dec. 31, 2018, citing that the Company has suffered
recurring losses from operations, negative cash flows from
operations and has an accumulated deficit that raise substantial
doubt about its ability to continue as a going concern.


COGENT COMMUNICATIONS: S&P Rates New EUR135MM Unsecured Notes 'B-'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '6'
recovery rating to Washington, D.C.-based high-speed internet
service provider Cogent Communications Group Inc.'s EUR135 million
of senior unsecured notes due in 2024. The '6' recovery rating
indicates S&P's expectation of negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a payment default.

The company will use proceeds from the new notes to add cash to the
balance sheet and possibly to pay dividends to HoldCo as capacity
allows.

The 'B+' corporate credit rating and stable outlook on Cogent
remain unchanged. As a result of the transaction, S&P expects
leverage to increase to about 5.1x from 4.4x (annualized at Q1
2019), which is below the 5.25x threshold that the rating agency
has for the rating. Despite the increase in leverage, S&P believes
the company has good prospects to reduce leverage to below 5x in
2019 because of high-single-digit percent EBITDA growth driven by
5%-6% top-line growth combined with continued gross margin
expansion.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's simulated default scenario envisions increased
competition from broadband and transport service providers, which
results in price compression, despite volume growth. These factors
contribute to lower profit margins that ultimately strains the
company's liquidity to the point of payment default.

-- S&P has valued the company on a going-concern basis using a
5.5x multiple of the rating agency's projected emergence EBITDA.
Generally, S&P assigns a multiple of 5x-6x for its fiber
infrastructure companies. S&P's default EBITDA multiple estimate is
due to the fact that the company holds the majority of its fiber
under long-term indefeasible rights-of-use agreements (IRUs), which
the rating agency views more favorably than short term leases. A
majority of Cogent's revenue is derived from long haul traffic,
which S&P views less favorably than metro fiber service providers.

Simulated default assumptions

-- Simulated year of default: 2023
-- EBITDA at emergence: $54 million
-- EBITDA multiple: 5.5x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs): $281
million
-- Valuation split % (obligors/nonobligors): 77/23
-- Collateral value available to secured creditors: $258 million
-- Secured first-lien debt: $457 million
-- Recovery expectations: 50%-70%: rounded estimate: 55%
-- Total value available to unsecured claims: $23 million
-- Senior unsecured debt and pari passu claims: $548 million
-- Recovery expectations: 0%-10%; rounded estimate: 0%
Note: All debt amounts include six months of prepetition interest.

  Ratings List
  Cogent Communications Group Inc.

  Issuer Credit Rating     B+/Stable/--

  New Rating
  Cogent Communications Group Inc.

  Senior Unsecured
  EUR135 mil nts due 2024 B-
  Recovery Rating             6(0%)


COPPER MOUNTAIN: S&P Assigns Preliminary 'B-' ICR; Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings assigned its 'B-' preliminary long-term issuer
credit rating (ICR) to Canada-based Copper Mountain Mining Corp.

At the same time, S&P assigned its 'B-' preliminary issue-level
rating and '3' preliminary recovery rating to the US$250 million of
senior secured notes due 2024, which the company plans to issue
through a Nordic bond market issuance.

The ICR on Copper Mountain reflects the company's limited operating
breadth as a single-asset producer of copper, relatively high cost
structure, and historically volatile margins and credit measures.


"We believe credit measures in 2020 will notably benefit from
higher grades and production following the installation of a new
ball mill, and stronger copper prices," S&P said. "However, our
rating incorporates the potential that leverage and liquidity could
materially weaken from a relatively modest decline in copper prices
or unexpected operating issues that lead to higher unit costs."

Copper Mountain is proposing to issue US$250 million of senior
secured Nordic bonds. The proceeds from the bond issue will repay
existing debt of US$200 million, fund its planned ball mill
expansion (US$25 million), and for general corporate purposes.
Final ratings will depend on S&P's receipt and satisfactory review
of final transaction documentation, and successful execution of the
proposed financing. If the terms of the financing depart from
materials S&P has reviewed, it reserves the right to withdraw or
amend its ratings on Copper Mountain. Potential changes include,
but are not limited to, the use of proceeds, maturity, size,
security structure, and ranking of the notes.

Copper Mountain owns a 75% interest in the Copper Mountain mine in
British Columbia, Canada, with Mitsubishi Materials Corp. (MMC)
owning the remaining 25% stake. The mine is expected to produce
about 75 million pounds of copper (100% basis) in 2019, and has
been in operation since late 2011. S&P believes the company's
reliance on one mine results in significant exposure to
fluctuations in copper prices and unforeseen production disruptions
that can materially impair Copper Mountain's operating results. S&P
also takes into account the company's relatively high cost
structure; the company's unit cash costs were close to US$1.80 per
pound in 2018, which the rating agency estimates is in the third
quartile of the industry cost curve. In S&P's view, the company's
higher-than-average cost structure adds downside production risk to
a period of sustained copper price weakness.

The stable outlook on Copper Mountain primarily reflects S&P's
expectation that the company will have sufficient liquidity to fund
operations over the next 12-18 months supported by internal cash
flow generation and additional surplus following the refinancing
transaction. S&P estimates the company will generate adjusted
debt-to-EBITDA of about 6x and interest coverage of about 3x in
2019, improving materially in 2020 as it benefits from higher
copper prices, grades, and increased production following the
installation of its third ball mill. At the same time, the rating
agency expects the company's credit measures to remain highly
sensitive to modest copper margin fluctuations.

"We could lower the rating over the next 12 months if liquidity
were to weaken beyond our expectations, leading to interest
coverage below 1.5x. For this to happen, we would expect sustained
copper price weakness below our current assumptions or operating
issues that limit the company's ability to fund maintenance capital
expenditures and interest costs," S&P said. In this scenario, S&P
said it would likely view Copper Mountain's capital structure as
unsustainable.

A positive rating action is unlikely over the next 12 months, based
on Copper Mountain's limited operating breath, relatively high cost
structure and the sensitivity of the company's cash flow and
liquidity to copper price fluctuations, according to S&P.

"Nevertheless, we could raise the ratings if we expect adjusted
debt-to-EBITDA to remain below 3x. In our view, this could result
from copper prices that exceed our expectations for a protracted
period," S&P said, adding that it would also expect the company to
generate positive free cash flows to an extent that meaningfully
improves its liquidity position.


CORT & MEDAS: Unsecureds to Get Prorata Share of $50,000
--------------------------------------------------------
Cort & Medas, LLC, has filed its Plan of Reorganization and
accompanying disclosure statement.

Class 5. Scheduled in the amount of $2,168,636.96. General
Unsecured Claim are impaired. Subject to the provisions of Article
7 of the Plan, with respect to Disputed Claims, in full
satisfaction, release and discharge of the Unsecured Claims, the
holder of an Unsecured Claim shall receive the pro rata share of
$50,000 on the Effective Date, and a second payment of the pro rata
share of $50,000 on the second anniversary of the Effective Date.

Class 4. Approximately $2,141,638.92. 1414 Lender Secured Claim are
impaired. Subject to the provisions of Article 7 of the Plan, with
respect to Disputed Claims, in full satisfaction, settlement and
release of, and in exchange for, the 1414 Lender Secured Claim,
1414 Lender shall receive on the Effective Date, the New 1414
Lender Note. The 1414 Lender Secured Claim, as evidenced by the New
1414 Lender Note in the principal amount of $410,000.00, shall be
subordinate in priority to the lien of the New Lender, Northeast
Bank, but secured by the same collateral 1414 Lender held prior to
the Petition Date. The New 1414 Lender Note shall accrue interest
at rate of 9%, payable on a monthly basis as set forth in the 1414
Lender Note, and shall mature on the fifth anniversary of the
Effective Date.

Class 6. Allowed Interests are impaired. On the Effective Date, the
Debtor's member shall retain his interests in the Debtor in
exchange for his cash contributions to fund the payments to holders
of Allowed Claims in Class 5.

Funds held in the Debtor's DIP bank account, the capital
contribution to be made by the Debtor's member, the proceeds
generated from the loan from the New Lender, and the income to be
generated from the Debtor's renting the Properties shall provide
the Debtor with enough capital to make payments to creditors under
the Plan.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/y59zrt7a from PacerMonitor.com at
no charge.

Counsel for the Debtor is Joel Shafferman, Esq., at Shafferman &
Feldman LLP, in New York.

                  About Cort & Medas Associates

Cort & Medas Associates, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 19-41313) on March 6,
2019.  At the time of the filing, the Debtor estimated assets and
liabilities of between $1 million and $10 million.  The case is
assigned to Judge Carla E. Craig.  Shafferman & Feldman LLP is the
Debtor's legal counsel.


CYCLE-TEX INC: $22.5K Sale of Equipment to Watts Approved
---------------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Cycle-Tex, Inc.'s sale of
equipment located at 1711 Kimberly Drive, Dalton, Georgia, as more
particularly described on Exhibit A, to Bert Watts for $22,500,
free and clear of any liens and encumbrances.

The Debtor is authorized to use and distribute the sales proceeds
referenced in the Motion in the amount of $22,500, for payment of
all customary closing costs, if any, with all remaining net
proceeds to be paid to First Bank of Dalton.  The Sales Proceeds
will be applied against First Bank of Dalton's claim, which is
secured by a first priority lien in the Equipment and the proceeds
thereof.  All Sales Proceeds will be remitted to First Bank of
Dalton within five days of receipt by the Debtor.

Notwithstanding Bankruptcy Rule 6004 or otherwise, the Order will
be effective immediately on entry and any stay of the Order is
waived so that Debtor and Watts may close the sale contemplated
immediately upon entry of the Order and the Sale Proceeds will be
disbursed as stated immediately upon the closing of the sale.

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

      http://bankrupt.com/misc/Cycle-Tex_Inc_121_Sales.pdf

                      About Cycle-Tex Inc.

Cycle-Tex, Inc., is a privately-held company in Dalton, Georgia,
that recycles thermoplastic post-industrial waste.  It produces
polypropylene, polyethylene and nylon 6 pellets in a wide range of
melt-flow characteristics.  Cycle-Tex also does toll conversion for
companies such as grinding, precision-cutting, densifying and
pelletizing.

Cycle-Tex sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case No. 18-42614) on Nov. 5, 2018.  At the time
of the filing, the Debtor estimated assets of less than $50,000 and
liabilities of $1 million to $10 million.  Judge Paul W. Bonapfel
oversees the case.  The Debtor tapped Jones & Walden, LLC, as its
legal counsel.


CYCLE-TEX INC: $400K Sale of Dalton Property Approved
-----------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Cycle-Tex, Inc.'s sale of
the real property located at 1711 Kimberly Drive, Dalton, Georgia
to Robert L. McEntire Family Limited Partnership, LLLP and Supreme
Carpet, Inc. for $400,000, free and clear of any liens and
encumbrances.

The Debtor is authorized to use and distribute the sales proceeds
referenced in the Motion in the amount of $400,000, for payment of
all customary closing costs, if any, with all remaining net
proceeds to be paid to First Bank of Dalton.  The Sales Proceeds
shall be applied against First Bank of Dalton's claim, which is
secured by a first priority lien in the Real Property and the
proceeds thereof.  All Sales Proceeds will be remitted to First
Bank of Dalton within five days of receipt by the Debtor.

Notwithstanding Bankruptcy Rule 6004 or otherwise, the Order will
be effective immediately on entry and any stay of the Order is
waived so that the Debtor and the Buyers may close the sale
contemplated immediately upon entry of the Order and the Sale
Proceeds will be disbursed as stated immediately upon the closing
of the sale.  

                       About Cycle-Tex Inc.

Cycle-Tex, Inc., is a privately-held company in Dalton, Georgia,
that recycles thermoplastic post-industrial waste.  It produces
polypropylene, polyethylene and nylon 6 pellets in a wide range of
melt-flow characteristics.  Cycle-Tex also does toll conversion for
companies such as grinding, precision-cutting, densifying and
pelletizing.

Cycle-Tex sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case No. 18-42614) on Nov. 5, 2018.  At the time
of the filing, the Debtor estimated assets of less than $50,000 and
liabilities of $1 million to $10 million.  Judge Paul W. Bonapfel
oversees the case.  The Debtor tapped Jones & Walden, LLC, as its
legal counsel.



CYCLE-TEX INC: $7K Sale of Equipment to Neff Properties Approved
----------------------------------------------------------------
Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Cycle-Tex, Inc.'s sale of
equipment located at 1711 Kimberly Drive, Dalton, Georgia, as more
particularly described on Exhibit A, to Neff Properties, LLC for
$7,000, free and clear of any liens and encumbrances.

The Debtor is authorized to use and distribute the sales proceeds
referenced in the Motion in the amount of $7,000, for payment of
all customary closing costs, if any, with all remaining net
proceeds to be paid to First Bank of Dalton.  The Sales Proceeds
will be applied against First Bank of Dalton's claim, which is
secured by a first priority lien in the Equipment and the proceeds
thereof. All Sales Proceeds will be remitted to First Bank of
Dalton within five days of receipt by the Debtor.

Notwithstanding Bankruptcy Rule 6004 or otherwise, the Order will
be effective immediately on entry and any stay of the Order is
waived so that Debtor and Neff Properties may close the sale
contemplated herein immediately upon entry of the Order and the
Sale Proceeds will be disbursed as stated immediately upon the
closing of the sale.

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

      http://bankrupt.com/misc/Cycle-Tex_Inc_119_Sales.pdf

                       About Cycle-Tex Inc.

Cycle-Tex, Inc., is a privately-held company in Dalton, Georgia,
that recycles thermoplastic post-industrial waste.  It produces
polypropylene, polyethylene and nylon 6 pellets in a wide range of
melt-flow characteristics.  Cycle-Tex also does toll conversion for
companies such as grinding, precision-cutting, densifying and
pelletizing.

Cycle-Tex sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case No. 18-42614) on Nov. 5, 2018.  At the time
of the filing, the Debtor estimated assets of less than $50,000 and
liabilities of $1 million to $10 million.  Judge Paul W. Bonapfel
oversees the case.  The Debtor tapped Jones & Walden, LLC, as its
legal counsel.


DDS 2019: July 12 Hearing on Plan, Disclosure Statement Set
-----------------------------------------------------------
Bankruptcy Judge Catherine J. Furay conditionally approved the
small business disclosure statement referring to a chapter 11 plan
of DDS 2019, LLC, f/k/a Death's Door Spirits, LLC, and DDD 2019,
LLC, f/k/a Death's Door Distillery, LLC.

Written acceptances or rejections of the plan and objections to
final approval of the disclosure statement and/or confirmation of
the plan must be filed no later July 5, 2019.

The final hearing on approval of the disclosure statement and
confirmation of the plan will be held on July 12, 2019 at 10:00 AM,
at the U.S. Bankruptcy Court, Western District of Wisconsin, 120
North Henry Street, Room 350, Madison, Wisconsin 53703.

                  About Death's Door Spirits

Death's Door Spirits, LLC and Death's Door Distillery, LLC, produce
and supply vodka, gin, white whiskey, peppermint schnapps, and
dessert liquor.  They market and sell their products through
retailers and online.

Death's Door Spirits and Death's Door Distillery sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Wis. Case Nos.
18-13912 and 18-13915) on Nov. 21, 2018.

At the time of the filing, Death's Door Distillery estimated assets
of $1 million to $10 million and liabilities of $1 million to $10
million.  Death's Door Spirits estimated less than $1 million in
assets and $1 million to $10 million in liabilities.

The Debtors tapped DeMarb Brophy LLC as their legal counsel.


DENBURY RESOURCES: S&P Lowers ICR to 'SD' on Sub Note Exchange
--------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S. oil and
gas exploration and production company Denbury Resources Inc. to
'SD' from 'CC' and its issue-level ratings on the company's
subordinated notes due 2021, 2022, and 2023 to 'D' from 'C'.

The downgrade follows Denbury Resources Inc.'s announcement that it
has closed its previously announced privately negotiated agreement
to exchange a portion of its senior subordinated notes due 2021,
2022, and 2023 for a combination of new senior secured second-lien
notes due 2024, cash, and new senior convertible notes due 2024.
Denbury also entered into a private exchange of a portion of its
existing 2024 secured second-lien notes for new 2024 secured
second-lien notes.

S&P expects to review the issuer credit and issue-level ratings
shortly. S&P will re-assess the company's ratings in light of its
new capital structure.


DITECH HOLDING: New Residential Is Lead Bidder for Assets
---------------------------------------------------------
New Residential Investment Corp on June 18, 2019, disclosed that it
has entered into a "stalking horse" Asset Purchase Agreement (the
"APA") with Ditech Holding Corporation ("Ditech") and Ditech
Financial LLC ("Ditech Financial") to purchase substantially all of
the forward assets of Ditech Financial.  The final purchase price
will be determined at the closing of the transaction based on the
tangible book value of the related assets, subject to certain
agreed upon adjustments. New Residential expects to finance the
acquisition of these assets with existing financing facilities and
cash on hand.

Under the terms of the APA, subject to certain conditions, New
Residential has agreed to purchase, among other assets, Ditech
Financial's forward Fannie Mae, Ginnie Mae and non-agency mortgage
servicing rights ("MSRs"), with an aggregate unpaid principal
balance of approximately $63 billion as of March 31, 2019, the
servicer advance receivables relating to such MSRs and other net
assets core to the forward origination and servicing businesses.
Additionally, New Residential has agreed to assume certain Ditech
office spaces and plans to make employment offers to a number of
Ditech employees.  Under the APA, New Residential will not purchase
any of the stock or assets related to Ditech Financial's reverse
mortgage business.

"We are confident that the acquisition of these select assets,
operations and employees from Ditech will be complementary to our
existing portfolio and business as well as beneficial to our
shareholders and the long-term strategy of our Company," said
Michael Nierenberg, Chairman, Chief Executive Officer and President
of New Residential.  "The acquisition of these origination and
servicing operations from Ditech, in addition to those already
operated through NewRez and Shellpoint Mortgage Servicing, will
further our position as an industry leading originator and
servicer."

"This stalking horse agreement represents a positive step forward
in Ditech's court-supervised process," said Thomas F. Marano,
Chairman of the Board and Chief Executive Officer of Ditech.  "New
Residential has a high-quality platform as well as the necessary
expertise, operations and scale to efficiently manage these assets
for the benefit of both New Residential and Ditech stakeholders."

If New Residential's bid is successful, the transaction is expected
to close in the second half of 2019, subject to certain closing
conditions including, among other things, (a) New Residential being
identified in Ditech's bankruptcy proceeding as the winning bidder
of the assets referenced in the APA, (b) the entry of a
confirmation order by the United States Bankruptcy Court for the
Southern District of New York that is acceptable to New
Residential, (c) receipt of approvals from certain governmental and
quasi-governmental agencies, and (d) other customary closing
conditions.  The sale of certain assets are also subject to receipt
of third party consents.  In the event the APA is terminated for
certain reasons, including if Ditech accepts a higher or better
offer from a competing bidder at the auction, subject to the
approval of the Bankruptcy Court, Ditech may be required to
reimburse the Company for its reasonable expenses up to $6 million
and pay the Company a termination fee of up to $30 million.

Sidley Austin LLP is acting as legal counsel and Moelis & Company
LLC is acting as financial advisor to New Residential in connection
with the agreement.

                      About New Residential

New Residential (NYSE: NRZ) focuses on opportunistically investing
in, and actively managing, investments principally related to
residential real estate.  New Residential primarily targets
investments in mortgage servicing related assets and other related
opportunistic investments.  Following the acquisition of Shellpoint
Partners LLC ("Shellpoint") in 2018, New Residential now also
benefits from Shellpoint's origination and third-party servicing
platform, as well as a suite of ancillary businesses including
title insurance, appraisal management, real estate owned management
and other real estate services.  New Residential is organized and
conducts its operations to qualify as a real estate investment
trust ("REIT") for federal income tax purposes. New Residential is
managed by an affiliate of Fortress Investment Group LLC, a global
investment management firm.

                About Ditech Holding Corporation

Ditech Holding Corporation and its subsidiaries --
http://www.ditechholding.com/-- are independent servicer and
originator of mortgage loans.  Based in Fort Washington,
Pennsylvania, the Debtors have approximately 3,300 employees and
service a diverse loan portfolio.

Ditech Holding and certain of its subsidiaries, including Ditech
Financial LLC and Reverse Mortgage Solutions, Inc., filed voluntary
Chapter 11 petitions (Bankr. S.D.N.Y. Lead Case No. 19-10412) on
Feb. 11, 2019, after reaching terms with lenders of a Chapter 11
plan that will reduce debt by $800 million.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel,
Houlihan Lokey as investment banker and AlixPartners LLP as
financial advisor.  Epiq Bankruptcy Solutions LLC is the claims and
noticing agent.

Kirkland & Ellis LLP and FTI Consulting Inc. serve as the
consenting term lenders' legal counsel and financial advisor,
respectively.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases on Feb. 27, 2019.  The
creditors' committee tapped Pachulski Stang Ziehl & Jones LLP as
its legal counsel and Goldin Associates, LLC, as its financial
advisor.

On May 2, 2019, the U.S. trustee appointed an official committee of
consumer creditors.  The consumers committee tapped Quinn Emanuel
Urquhart & Sullivan, LLP, as counsel and TRS Advisors LLC, as
financial advisor.



DREAM WORKS: Adds Monthly Financial Information in 1st Amended Plan
-------------------------------------------------------------------
The Dream Works, Inc., filed a First Amended Chapter 11 Plan and
accompanying Disclosure Statement to include monthly financial
information, specifically income, expenses, profit/loss, for the
months December 2018 to April 2019.

The Class Three Claimants are the Unsecured Non-Priority Claims are
impaired. This Class includes the unsecured Non-Priority portions
of the taxing authorities’ claims. These Claimants will be paid
100% of their Approved Claims within no interest. The amounts paid
will be paid in equal monthly installments over seven years,
commencing on December 31, 2019.

The Class Four Claimant is Edgar McInnis, the sole shareholder of
the Debtor are impaired. He will not receive any payment for any
claims that he has unless all other creditors are paid in full.

The Debtor will continue to operate its businesses in Missouri and
Kansas.

A full-text copy of the First Amended Disclosure Statement dated
June 3, 2019, is available at https://tinyurl.com/y6hj5rr4 from
PacerMonitor.com at no charge.

Attorney for the Debtor is Erlene W. Krigel, Esq., at Krigel &
Krigel, P.C., in Kansas City, Missouri.

The Dream Works, Inc., filed a Chapter 11 Petition (Bankr. W.D. Mo.
Case No. 18-43126) on December 6, 2018, and is represented by
Erlene W. Krigel, Esq., at Krigel & Krigel, P.C.


E&E LANDSCAPING: Case Summary & 2 Unsecured Creditors
-----------------------------------------------------
Debtor: E&E Landscaping Company
        139 Bordentown-Georgetown Road
        Chesterfield, NJ 08515

Business Description: E&E Landscaping Company owns a property
                      located at Bordentown-Georgetown Road,
                      Chesterfield, New Jersey valued by the
                      Company at $1.6 million.

Chapter 11 Petition Date: June 21, 2019

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Case No.: 19-22355

Judge: Hon. Kathryn C. Ferguson

Debtor's Counsel: Brian W. Hofmeister, Esq.
                  LAW FIRM OF BRIAN W. HOFMEISTER, LLC
                  3131 Princeton Pike
                  Bldg. 5, Suite 110
                  Lawrenceville, NJ 08648
                  Tel: 609-890-1500
                  Fax: 609-890-6961
                  E-mail: bwh@hofmeisterfirm.com

Total Assets: $1,600,000

Total Liabilities: $327,984

The petition was signed by Lothar Ehrich, president.

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

             http://bankrupt.com/misc/njb19-22355.pdf


ELK PETROLEUM: U.S. Trustee Forms 3-Member Equity Committee
------------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on June 19 appointed
three equity security holders to serve on the committee of
preferred equity security holders in the Chapter 11 case of Elk
Petroleum, Inc.

The committee members are:

     (1) LIM Asia Special Situations Master Fund Limited
         c/o LIM Advisors Limited
         Attn: George Long/Andrew Hardacre
         19/F Ruttonjee House
         11 Duddell Street
         Central, Hong Kong
         Tel: +852 2533 0922/ +852 2533 0982
         Fax: +852 2533 0951

     (2) Fulcrum Energy Capital Fund 11, LLC
         Attn: Brad Morse
         410 17th Street, Suite 1110
         Denver, CO 80202
         Tel: 720-328-5070
         Fax: 303-592-1013

     (3) ACR Multi-Strategy Quality Return Fund,
         a Series of Investment Management Series Trust II,
         a Delaware Statutory Trust
         c/o ACR Alpine Capital Research, LLC
         Attn: Mark Unferth/Ryan Linkul
         8000 Maryland Avenue, #700
         St. Louis, MO 63105
         Tel: 314-932-7600
         Fax: 314-932-1111

Proposed counsel for the Equity Committee:

     Gregory W. Werkheiser, Esq.
     R. Judson Scaggs, Jr., Esq.
     Eric D. Schwartz, Esq.
     Thomas W. Briggs, Esq.
     MORRIS, NICHOLS, ARSHT & TUNNELL LLP
     1201 North Market Street, Suite 1600
     Wilmington, DE 19801
     Telephone: (302) 658-9200
     Facsimile: (302) 658-3989
     Email: gwerkheiser@mnat.com
            rscaggs@mnat.com
            eschwartz@mnat.com
            tbriggs@mnat.com
  
                     About Elk Petroleum

Elk Petroleum Inc. -- https://www.elkpet.com/ -- is an oil and gas
company specializing in enhanced oil recovery (EOR).

Elk Petroleum and its affiliates sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Case No. 19-11157) on May
22, 2019.  At the time of the filing, the Debtor estimated assets
of between $1 million and $10 million and liabilities of less than
$50,000.  The petition was signed by Scott M. Pinsonnault, chief
restructuring officer.

The Debtors tapped Norton Rose Fulbright US LLP and Womble Bond
Dickinson (US) LLP as legal counsel; Ankura Consulting Group, LLC
as restructuring advisor; Opportune LLP as valuation analysis
provider; and Bankruptcy Management Solutions, Inc. as claims and
noticing agent.


ELKHORN JONES: Auction Sale of Substantially All Assets Approved
----------------------------------------------------------------
Judge Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada authorized Elkhorn Jones Memory Care, LLC's
bidding procedures in connection with the sale of substantially all
assets at auction.

A hearing on the Motion was held on May 14, 2019 at 10:15 a.m.

As described in the Bidding Procedures, if the Debtor does not
receive any Qualified Bids, then it will not hold the Auction.  If
one or more Qualified Bidders timely submits a Bid in accordance
with the Bidding Procedures, then the Debtor may conduct the
Auction.

If the Auction is conducted, each Qualified Bidder participating in
the Auction will be required to confirm that it has not engaged in
any collusion with respect to the bidding process or the Sale, the
Auction will be conducted openly, and the Auction will be
transcribed or videotaped.

If any bidder has an allowed secured claim at the time of the
Auction, such Credit Bidder is authorized to make one or more
credit bids at the Auction equal to any or all of the bidder's
allowed secured claims to the full extent permitted by section
363(k) of the Bankruptcy Code.  In the event any portion of the
claims that are credit bid are determined by the Court to be
unsecured, the applicable Credit Bidder will pay the amount
determined to be unsecured to the Debtor in cash.   

The salient terms of the Bidding Procedures are:

     a. Bid Deadline: June 14, 2019 at 5:00 p.m. (PT)

     b. Initial Bid: $2.8 million

     c. Deposit:  $150,000

     d. Closing: Sept. 6, 2019

     e. Sale Order Entry Deadline: June 30, 2019

Within one business day after the conclusion of the Auction, the
Debtor will file with the Bankruptcy Court a notice of its
selection of the Successful Bidder, if any, and within seven days
of the filing of that notice, the Debtor will file a separate
motion for approval of the sale transaction, and any related
assumption and assignment of executory contracts and unexpired
leases, as applicable.

A copy of the Bidding Procedures attached to the Order is available
for free at:

    http://bankrupt.com/misc/ELKHORN_JONES_119_Order.pdf  

                  About Elkhorn Jones Memory Care

Elkhorn Jones Memory Care, LLC -- http://www.elkhornmemory.com/--
operates an assisted living facility for seniors with dementia and
alzheimer's disease located at 6017 Elkhorn Road, Las Vegas.

Elkhorn Jones Memory Care sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 18-15081) on August 24,
2018.  In the petition signed by Victor Hecker, manager, the Debtor
estimated assets of $1 million to $10 million and liabilities of $1
million to $10 million.  Judge Laurel E. Babero oversees the case.
Larson Zirzow & Kaplan, LLC is the Debtor's bankruptcy counsel.


EUREKA WINDBER: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on June 19 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Eureka Windber, LLC.

                        About Eureka Windber

Eureka Windber, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 19-70301) on May 20,
2019.  At the time of the filing, the Debtor had estimated assets
of less than $50,000 and liabilities of less than $500,000.  

The case has been assigned to Judge Jeffery A. Deller.  Robleto
Law, PLLC is the Debtor's legal counsel.


EXCO RESOURCES: Amends Plan to Define Exculpated Parties
--------------------------------------------------------
EXCO Resources, Inc. and its debtor affiliates as debtors and
debtors in possession filed an additionally revised Third Amended
Settlement Joint Chapter 11 Plan and accompanying disclosure
statement to define "Exculpated Parties."

"Exculpated Parties" means, collectively, and in each case in its
capacity as such: (a) the Debtors; (b) the Reorganized Debtors; (c)
the Settling Lenders; (d) the Committee; (e) the individual members
of the Committee; (f) the Unsecured Claims Distribution Trust; (g)
the Unsecured Claims Distribution Trust Advisory Board; (g) the
Unsecured Claims Litigation Trustee; (h) the Unsecured Claims Plan
Administrator; (i) the Unsecured Claims Plan Administrator Advisory
Board; and (j) with respect to each of the foregoing (a) through
(h), such Entity and its current and former Affiliates, and such
Entity's and its current and former Affiliates' current and former
members, equity holders, subsidiaries, officers, directors,
managers, predecessors, successors, assigns, principals, members,
employees, agents, advisory board members, financial advisors,
partners, attorneys, accountants, restructuring advisors,
investment bankers, consultants, representatives, and other
professionals, each in their capacity as such.

The Unsecured Claims Plan Administrator Advisory Board will be a
three-member board appointed by the Committee, the initial members
of whom shall be disclosed in the Plan Supplement.  The Unsecured
Claims Plan Administrator will consult with and receive the consent
of the majority of the Unsecured Claims Plan Administrator Advisory
Board regarding (a) the prosecution, settlement, compromise, or
other resolution of a Retained Challenge Action having an amount at
issue in excess of $500,000, or any Cause of Action asserting the
rights assigned to the Unsecured Claims Plan Administrator by
virtue of the Intercreditor Assignment; (b) abandonment of any
Retained Cause of Action having an amount in dispute in excess of
$500,000; (c) the entry into any non-recourse litigation funding
arrangement by the Unsecured Claims Plan Administrator in addition
to the Unsecured Claims Distribution Loan; (d) the retention of
counsel, financial advisor, or any other professional whose fees
are expected to exceed $1,000,000 in any calendar year or which is
retained other than on an hourly fee basis (e) the release or
indemnity in favor of any third party except as set forth in the
Plan; and (f) any other matter which could reasonably be expected
to have a material effect on the amount of the Unsecured Claims
Consideration.

A full-text copy of the additionally revised Third Amended
Disclosure Statement dated June 3, 2019, is available at
https://tinyurl.com/yyps7ehd from PacerMonitor.com at no charge.

Co-Counsel to the Debtors are Christopher T. Greco, P.C., Esq., at
Kirkland & Ellis LLP, in New York; Patrick J. Nash, Jr., P.C.,
Esq., and Alexandra Schwarzman, Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois; and Marcus A. Helt, Esq., and Michael K.
Riordan, Esq., at Foley Gardere, in Houston, Texas.

                  About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas, with principal operations
in Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
Texas.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases are assigned to the Honorable Marvin Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee is represented by lawyers at
Jackson Walker LLP and Brown Rudnick LLP.  Intrepid Partners LLC
and Jefferies LLC serve as the committee's investment bankers.


EXCO RESOURCES: Court Confirms Amended Reorganization Plan
----------------------------------------------------------
EXCO Resources, Inc., on June 20, 2019, disclosed that the U.S.
Bankruptcy Court for the Southern District of Texas has confirmed
the Company's Amended Plan of Reorganization (the "Plan") and
issued a written ruling and confirmation order to that effect.  The
Company expects to complete its financial restructuring process and
successfully emerge from Chapter 11 in the coming weeks.

Upon emergence, EXCO will reduce its leverage by more than $1.1
billion and will continue to engage in the exploration,
acquisition, development and production of onshore U.S. oil and
natural gas properties with a focus on shale resource plays in key
basins in Texas, Louisiana and the Appalachia region.

"[Thurs]day's confirmation marks the beginning of the next chapter
in EXCO's evolution, paving the way for our successful emergence
from the financial restructuring process with a significantly
stronger balance sheet," said Hal Hickey, EXCO's Chief Executive
Officer and President.  "During the court-supervised process, our
team has remained focused on our business and operational
initiatives, exceeding our 2018 financial and operational
objectives and tracking to our 2019 plan.  Importantly, we have
also achieved a number of significant safety milestones, including
38 consecutive months with zero recordable OSHA incidents.  It is a
testament to the hard work of EXCO employees that we have continued
to operate efficiently and safely throughout this process, and I
remain proud of their tremendous efforts.  On behalf of everyone at
EXCO, I also want to express our gratitude to our customers,
business partners and lenders for their continued support."

Additional information is available at
www.excoresources.com/restructuring/ and by calling (800) 683-4332.
Court filings and other information related to the
court-supervised proceedings are available at a website
administered by the Company's claims agent, Epiq Systems, at
http://dm.epiq11.com/EXCO.

PJT Partners LP is serving as financial advisor and Alvarez &
Marsal North America, LLC is serving as restructuring advisor.  The
Company continues to retain Kirkland & Ellis LLP as legal advisor.

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas, with principal operations
in Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
Texas.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases are assigned to the Honorable Marvin Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors.  The committee is represented by lawyers at
Jackson Walker LLP and Brown Rudnick LLP.  Intrepid Partners LLC
and Jefferies LLC serve as the committee's investment bankers.


FAIRWAY ENERGY: Converge Midstream Completes Acquisition of Assets
------------------------------------------------------------------
Converge Midstream LLC, a crude oil storage and transportation
company affiliated with Riverstone Credit Partners, on June 19,
2019, disclosed that it has completed the acquisition of the assets
of Fairway Energy Partners, LLC ("Fairway").

On November 26, 2018, Fairway filed a voluntary petition for relief
under Chapter 11 and launched a bankruptcy court supervised 363
sales process.  On April 10, 2019, Riverstone Credit emerged as the
successful bidder for the Fairway assets, in an auction that saw
bids from ExxonMobil Pipeline Company, Enterprise Products
Operating, LLC, Magellan Crude Oil Pipeline Company LLC, and
Sullivan Brothers Investments LLC.

This acquisition has repositioned the assets for future growth.
Converge is now uniquely suited to act as a major hub to shippers
and other operators looking to move multiple grades of crude oil in
and out of Houston.  The Company will be led by Dana Grams, CEO;
Robert Flavin, CFO; and James Scandola, COO.

The Converge assets include:

   -- 6.5 million barrels of crude oil storage capacity (with the
ability to grow to 19 million barrels) on the Pierce Junction Salt
Dome located at the city-gate entrance to the Houston Ship
Channel;

   -- Dual 24" bi-directional pipelines running between Genoa and
Speed Junctions with potential connectivity to the Houston Ship
Channel and other major export terminals; and

   -- Right-of-way agreements and other assets forming the
footprint of an integrated crude oil terminal poised to service the
Houston area export markets.

Pierre F. Lapeyre, Co-Founder of Riverstone Holdings LLC
("Riverstone Holdings"), said, "Our credit platform, Riverstone
Credit, first became involved with Fairway as a lender.  As an
institution, we were drawn to the asset footprint and its strategic
position in providing access to the Houston market and surrounding
export hubs.  As an owner of many upstream and midstream businesses
in the major North American basins, we have experienced first-hand
the push of barrels that need to make their way to Houston and
onwards to the export market.  We are excited to now own and
operate these assets under the leadership of Dana Grams and his
team, bringing both capital and the complementary businesses of the
Riverstone platform to help grow the Converge business."

Dana Grams, CEO of Converge Midstream LLC, stated, "We are excited
to bring the Company's assets to their highest and best use with
the financial backing of Riverstone Holdings.  Riverstone Holding's
reputation and financial strength provides Converge an advantage to
further develop the geographical reach of our pipeline system,
allowing us to access new supply sources and exports facilities in
the Houston Ship Channel market area.  We have already begun to
solicit the network of relationships within the Converge and
Riverstone families.  We intend to position Converge as an integral
trading and storage hub, facilitating large scale movements of
crude oil to address the increasing demand for exports from the
Houston Ship Channel and beyond."

                         About Converge

Converge Midstream LLC -- http://www.cvmidstream.com/-- is an
independent crude oil storage and transportation company affiliated
with Riverstone Credit Partners, LLC, with its facilities and
headquarters located in Houston, Texas.  Converge operates salt
dome storage caverns, as well as two common carrier pipelines to
receive shippers' crude oil into its facilities and redeliver that
crude oil to refiners, exporters, traders and other parties
throughout the Houston market.  

                         About Riverstone

Riverstone Credit Partners – http://www.riverstonellc.com/-- is
a dedicated energy credit fund managed by Riverstone Holdings LLC.
Riverstone is an energy and power-focused private investment firm
founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr.
with over $39 billion of capital raised.

Riverstone conducts buyout, growth capital and credit investments
in the exploration & production, midstream, oilfield services,
power, and renewable sectors of the energy industry.  With offices
in New York, London, Houston, and Mexico City, Riverstone has
committed over $39 billion to more than 130 investments in North
America, South America, Europe, Africa, Asia and Australia.

                        About Fairway Energy

Fairway Energy -- http://www.fairwaymidstream.com/-- provides
storage, throughput and ancillary services for third-party
companies engaged in the production, distribution and marketing of
crude oil.  Its services are provided at the Pierce Junction Crude
Oil Storage Facility.

Fairway Energy, LP, and its affiliates Fairway Energy Partners,
LLC, and Fairway Energy GP, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Case Nos. 18-12684 to
18-12686) on Nov. 26, 2018.  The Debtors reported total assets of
$382.7 million and total liabilities of $94 million as of Sept. 30,
2018.

The cases are assigned to Judge Laurie Selber Silverstein.

The Debtors tapped Haynes and Boone, LLP, and Young Conaway
Stargatt & Taylor, LLP as their legal counsel; Alvarez & Marsal
North America, LLC as financial and restructuring advisor; and
Prime Clerk LLC as claims and noticing agent.


FAIRWAY ENERGY: July 17 Plan Confirmation Hearing
-------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Fairway
Energy, LP, Fairway Energy Partners, LLC, and Fairway Energy GP,
LLC, is conditionally approved.

The hearing at which the Court will consider Confirmation of the
Plan and the adequacy of the Disclosure Statement will commence at
on July 17, 2019, at 11:00 a.m., in the United States Bankruptcy
Court for the District of Delaware, located at 824 Market Street,
6th Floor, Wilmington, Delaware 19801.

Objections to the adequacy of the Disclosure Statement and
confirmation of the Plan must be filed and served no later than
4:00 p.m., on July 8, 2019.

Allowed Class 4 Claims (General Unsecured Claims) are impaired.
Allowed General Unsecured Claim, their pro rata share of (a) the
Unsecured Claims Cash Pool, and (b) Net Distributable Assets until
all Allowed General Unsecured Claims in Class 4 are paid in full or
all of the Assets of the Liquidating Estates have been
distributed.

Class 2 Claims (Allowed Prepetition Credit Agreement Secured
Claims) are impaired. The Prepetition Agent shall receive, for and
on behalf of the Prepetition Secured Parties, (i) on the Effective
Date or as soon as reasonably practicable thereafter, payment in
cash in full of all reasonable professional fees of the Prepetition
Agent.

Class 5 Interests. The Holders of Interests in the Debtors will
receive no Distribution on account of their Interests and such
Interests shall be deemed cancelled as of the Effective Date.

The source of all payments and Distributions under the Plan will be
from the Net Distributable Assets and the Wind Down Amount and
shall be subject to the Wind Down Budget.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/y4mngjspfrom PacerMonitor.com at
no charge.

                     About Fairway Energy

Fairway Energy -- http://www.fairwaymidstream.com/-- provides
storage, throughput and ancillary services for third-party
companies engaged in the production, distribution and marketing of
crude oil.  Its services are provided at the Pierce Junction Crude
Oil Storage Facility.

Fairway Energy, LP, and its affiliates Fairway Energy Partners,
LLC, and Fairway Energy GP, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Del. Case Nos. 18-12684 to
18-12686) on Nov. 26, 2018.  The Debtors reported total assets of
$382.7 million and total liabilities of $94 million as of Sept. 30,
2018.

The cases are assigned to Judge Laurie Selber Silverstein.

The Debtors tapped Haynes and Boone, LLP, and Young Conaway
Stargatt & Taylor, LLP as their legal counsel; Alvarez & Marsal
North America, LLC as financial and restructuring advisor; and
Prime Clerk LLC as claims and noticing agent.


FAITH MISSIONARY: July 24 Plan Confirmation Hearing
---------------------------------------------------
The disclosure statement explaining the Chapter 11 Plan of Faith
Missionary Baptist Church is conditionally approved.

The hearing on confirmation of the plan is scheduled on Wednesday,
July 24, 2019, at 10:30 AM, in Room 208, 300 Fayetteville Street,
Raleigh, NC 27602.

July 17, 2019 is fixed as the last day for filing and serving in
written objections to the disclosure statement.

July 17, 2019 is fixed as the last day for filing and serving
written objections to confirmation of the plan.

The Plan proposes to make payments from charitable donations raised
by the Debtor through continued operation of the Debtor's church.

A full-text copy of the Disclosure Statement dated May 29, 2019, is
available at https://tinyurl.com/yxl6n9ht from PacerMonitor.com at
no charge.

          About Faith Missionary Baptist Church

Based in Fuquay Varina, North Carolina, Faith Missionary Baptist
Church, fka Missionary Faith Baptist Church --
https://www.faithmissionarync.com/ -- filed a voluntary Chapter 11
Petition (Bankr. E.D.N.C. Case No. 18-05775) on November 30, 2018.

The Debtor is represented by Jason L. Hendren, Esq., and Rebecca F.
Redwine, Esq., at Hendren Redwine & Malone, PLLC, Raleigh, North
Carolina.

At the time of filing, the Debtor had total assets of $1,707,416
and total liabilities of $518,811.

The petition was signed by Anthony Farrar, chairman of the Board.


FALCON V: July 17 Disclosure Statement Hearing
----------------------------------------------
Bankruptcy Judge Douglas D. Dodd will convene a hearing on July 17,
2019, at 2:00 p.m. to consider the adequacy of the information
contained in Falcon V, LLC's disclosure statement referring to a
chapter 11 plan.

Objections to the disclosure statement must be filed no later than
eight days before the hearing.

The Troubled Company Reporter previously reported that recovery for
unsecured creditors under the proposed plan is still unknown.

A copy of the Disclosure Statement is available at
https://tinyurl.com/y6h45hox from Pacermonitor.com at no charge.

                      About Falcon V

Falcon V and ORX Resources are engaged in the oil and gas
extraction business.

Falcon V and ORX Resources have filed voluntary petitions seeking
relief under Chapter 11 of the Bankruptcy Code (Bankr. M.D. La.
Case No. 19-10547 and 19-10548) on April 10, 2019. The petitions
were signed by James E. Orth, president and chief executive
officer.

At the time of filing, Falcon V estimated $10 million to $50
million in assets and  $50 million to $100 million in liabilities
and ORX Resources estimated $100,000 to $500,000 in assets and $10
million to $50 million in liabilities.

Louis M. Phillips, Esq., at Kelly Hart & Pitre, represents the
Debtor as counsel.             

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on May 21, 2019.


FERNLEY & FERNLEY: MSA Objects to Disclosure Statement
------------------------------------------------------
Museum Store Association objects to and opposes approval of the
Disclosure Statement explaining Fernley & Fernley, Inc.'s Chapter
11 Plan.

MSA complains that in violation of the absolute priority rule under
section 1129(b)(2) of the Bankruptcy Code, the Plan proposes that
holders of equity interests, namely insiders Taylor and Kyle
Fernley, will retain their equity interests, while certain higher
priority creditors (i.e., general unsecured creditors) will not be
paid in full.

MSA points out that section I.D. of the Disclosure Statement
contains inadequate information regarding procedures for voting on
the Debtor's plan. In particular, the Disclosure Statement provides
no information or proposed deadlines regarding the Debtor's ability
to object to claims or creditors' ability to seek temporary
allowance of claims for voting purposes.

MSA further complains that in section III.E. of the Disclosure
Statement contains inadequate information regarding the Debtor’s
proposal for reorganizing.

According to MSA, section IV.A. of the Disclosure Statement
contains inadequate information regarding the classification of
equity interests under the Bankruptcy Code. While some limited
information is provided with respect to various classes of claims,
there is no information regarding the Bankruptcy Code's
requirements for treatment of equity interests.

MSA asserts that the Exhibits to the Disclosure Statement make
clear that the Debtor intends to pay salaries totaling between
$833,480 and $913,480. However, the Debtor fails to disclose what
portion of these amounts will be paid to insiders and/or equity
holders or how these payments were determined.

MSA further points out that with respect to general unsecured
creditors, the Disclosure Statement does not explain how the
holders of equity interests retain those interests under the Plan
in the cramdown scenario.

MSA also points out that the Disclosure Statement fails to provide
essential and necessary information about the Financial Projections
attached as Exhibit B thereto.

Counsel for MSA:

     David Dormont, Esq.
     1735 Market Street, 21st Floor
     Philadelphia, PA 19103
     Telephone: (215) 772-7280
     Facsimile: (215) 731-3644
     Email: ddormont@mmwr.com

              About Fernley & Fernley

Founded in 1886, Fernley & Fernley, Inc., is one of the most
distinguished association management companies in the nation.

Bases in Philadelphia, Pennsylvania, Fernley & Fernley filed a
voluntary petition for relief under Chapter 11 of title 11, United
States Code (Bankr. E.D. Pa. Case No. 18-16122) on Sept. 14, 2018,
estimating under $1 million in assets and liabilities.  Ellen M.
McDowell, Esq., at McDowell Law, PC, is the Debtor's counsel.


FIRST MUTUAL: Members Approve Plan of Reorganization
----------------------------------------------------
Richmond Mutual Bancorporation, Inc. ("RMBI"), the proposed stock
holding company for First Bank Richmond (the "Bank"), on June 20,
2019, disclosed that the First Mutual of Richmond, Inc. members
approved the Plan of Reorganization and Stock Offering (the "Plan
of Reorganization") pursuant to which the mutual holding company
will convert to the stock holding company form of organization.
The members also approved the establishment of the First Bank
Richmond, Inc. Community Foundation and the contribution of $6.25
million to the foundation, consisting of $1.25 million in cash and
$5.0 million (500,000 shares) of RMBI common stock.

RMBI also announced that it expects to complete the sale of
13,026,625 shares of common stock at $10.00 per share, for gross
offering proceeds of $130,266,250.  The offering was oversubscribed
in the first priority category of the subscription offering by
eligible account holders.  Accordingly, eligible account holders
will have valid orders filled in accordance with the allocation
procedures described in the prospectus and as set forth in the Plan
of Reorganization.  Neither supplemental eligible account holders
as of March 31, 2019, nor any other subscribers will have their
orders filled.  

If you are a subscriber in the first priority category and would
like to confirm your allocation, this information will be available
online at https://allocations.kbw.com, beginning at 10:00 a.m.
Eastern Time on June 27, 2019.  You may also contact the stock
information center at 1-(844) 265-9680 (toll free).  The stock
information center will be open weekdays from 10:00 a.m. until 4:00
p.m., Eastern Time.  Stock ownership statements and subscription
refunds will be processed promptly after the close of the
transaction.

The Bank's Employee Stock Ownership Plan ("ESOP") also was unable
to purchase any shares in the offering as a result of the
oversubscription.  As a result, the ESOP intends to purchase,
subject to regulatory approval, up to 1,082,130 shares of RMBI
common stock in the aftermarket, equal to 8.0% of the shares sold
in the offering and issued to the charitable foundation.

The reorganization and offering are expected to be completed on
July 1, 2019 and the closing of the transaction is subject to the
satisfaction of standard closing conditions.  RMBI anticipates that
its common stock (CUSIP Number 76525P 100) will begin trading on
the Nasdaq Capital Market under the symbol "RMBI" on July 2, 2019.


The subscription offering was managed by Keefe, Bruyette & Woods,
Inc., and Silver, Freedman, Taff & Tiernan LLP acted as counsel to
First Mutual of Richmond, Inc., RMBI and First Bank Richmond.  Luse
Gorman, P.C., Washington, D.C., served as counsel to Keefe,
Bruyette & Woods Inc.

First Bank Richmond, headquartered in Richmond, Indiana, is a
community-oriented financial institution offering traditional
financial and trust services within its local communities through
its eight full service locations in Richmond, Centerville,
Cambridge City and Shelbyville, Indiana, its five full service
locations in Sidney, Piqua and Troy, Ohio and its loan production
office in Columbus, Ohio.



FULLBEAUTY BRANDS: Jim Fogarty Named Chief Executive Officer
------------------------------------------------------------
FULLBEAUTY Brands Inc., the most trusted, comprehensive authority
for plus-size women and men, on June 20 disclosed that Jim Fogarty
has been named Chief Executive Officer and appointed to the
FULLBEAUTY Board of Directors, effective immediately.  Mr. Fogarty
succeeds Emilie Arel, who has resigned from her role as CEO and as
a member of the Board.

Mr. Fogarty has extensive experience growing apparel and retail
businesses.  He most recently served as Chief Executive Officer of
Orchards Brands Corporation, a direct-to-consumer multichannel
retailer with 13 brands including Blair, Haband, Drapers & Damon's,
Norm Thompson, Sahalie, Appleseed's, Tog Shop, Old Pueblo Traders,
Bedford Fair, Wintersilks, LinenSource, Solutions, and Gold
Violin.

"I am honored to be named CEO of FULLBEAUTY Brands," said Mr.
Fogarty.  "FULLBEAUTY has a strong portfolio of brands that
resonate with its customers across the world.  I am excited to
build upon the team's hard work to position the Company for further
success by leveraging FULLBEAUTY's legacy strengths, while we also
lean into new opportunities.  I look forward to working with the
talented team to continue evolving as a multi-channel,
customer-focused, direct-to-consumer retailer that is optimized for
the future."

"It has been a privilege to have led the talented team at
FULLBEAUTY Brands, and I'm extremely proud of all our team has
accomplished, including enhancing our digital presence,
strengthening our marketplace business and sharpening our operating
effectiveness," said Ms. Arel.  "I wish Jim and the team success as
FULLBEAUTY Brands moves into its next chapter."

"On behalf of the Board of Directors, I would like to thank Emilie
for her many contributions and leadership of FULLBEAUTY Brands,"
said Kaj Vazales, member of the FULLBEAUTY Board and a Managing
Director at Oaktree Capital.  "Since 2017, Emilie led the
organization through transformative change and earned the respect
and trust of her colleagues at FULLBEAUTY Brands."  Mr. Vazales
further added, "We are thrilled to welcome Jim to FULLBEAUTY.  Jim
has a long and successful track record of driving strong results
for retail and consumer brands, and we are confident that he is the
ideal fit to lead the Company."

Mr. Fogarty was Chief Executive Officer and Director of Charming
Shoppes prior to his most recent role as CEO of Orchard Brands. Mr.
Fogarty previously served as Chief Executive Officer and President
of American Italian Pasta Company, Chief Financial Officer of Levi
Strauss & Co, Chief Financial Officer of The Warnaco Group, and
President and COO of Lehman Brothers Holdings following its Chapter
11 bankruptcy filing.  Earlier in his career, Mr. Fogarty spent 14
years at Alvarez & Marsal as a Managing Director and member of the
Executive Committee Restructuring Group.  Mr. Fogarty currently
serves as a Director of Assertio Therapeutics, Inc. and Darden
Restaurants.

                     About FullBeauty Brands

Founded in 1901, FullBeauty Brands Holdings Corp. is a
direct-to-consumer retailer in the U.S. plus-size apparel market
with over $825.3 million in direct plus-size sales in 2018.  The
company serves both women and men, offering an assortment of
plus-size apparel, swimwear, footwear, and home decor.  Each of
FullBeauty's seven brands provide a solution targeted to specific
customer needs.  In addition to these brands, the company operates
its website -- fullbeauty.com -- which offers a selection of its
plus-size clothing, footwear, and accessories products across
brands.   

FullBeauty maintains one 750,000-square-foot fulfillment center in
Indianapolis, and a secondary 740,000-square-foot facility in
Plainfield, Indiana.  Proprietary brands under the FULLBEAUTY
Brands Inc. umbrella include: Woman Within, Roaman's, Jessica
London, Swimsuits For All, Ellos, KingSize, BrylaneHome, and
fullbeauty.com.

FullBeauty Brands Holdings Corp. and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Case Nos. 19-22185 to 19-22193) on Feb. 3, 2019.

FullBeauty disclosed $990 million in assets and $1.462 billion in
liabilities, based on book value as of Dec. 29, 2018.

The cases are assigned to Judge Robert D. Drain.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as their bankruptcy counsel; AlixPartners, LLP as
financial advisor; PJT Partners LP as restructuring advisor; Ernst
& Young LLP as tax advisor; and Prime Clerk LLC as claims and
noticing agent.


GOD'S HOUSE OF REFUGE: Aug. 22 Plan Confirmation Hearing
--------------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of God's
House of Refuge Christian Center, Inc. is conditionally approved.

An evidentiary hearing will be held on August 22, 2019, at 01:00 PM
in Courtroom 6D, 6th Floor, George C. Young Courthouse, 400 West
Washington Street, Orlando, FL 32801.

Any party desiring to object to the disclosure statement or to
confirmation will file its objection no later than seven days
before the date of the Confirmation Hearing.

The debtor must file a ballot tabulation no later than four days
before the date of the Confirmation Hearing.

       About God's House of Refuge Christian Center

God's House of Refuge Christian Center, Inc., a religious
organization in Cocoa, Florida, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-07997) on
December 28, 2018.  It previously sought bankruptcy protection on
May 19, 2017 (Bankr. M.D. Fla. Case No. 17-03291) and on Nov. 19,
2018 (Bankr. M.D. Fla. Case No. 18-07201).

At the time of the filing, the Debtor had estimated assets of $1
million to $10 million and liabilities of $1 million to $10
million.  

The Debtor tapped Mathis Law Group as its bankruptcy counsel.


HAMLETT ENTERPRISES: July 16 Plan Confirmation Hearing
------------------------------------------------------
The Disclosure Statement explaining the Chapter 11 Plan of Hamlett
Enterprises, Inc., is approved.

A hearing to determine whether such statement contains adequate
information will be held before the US Bankruptcy Judge at the
United States Courthouse, 801 E Sherman St., Pocatello, ID 83201 on
July 16, 2019, at 9:30 AM.

Written objections and/or proposed modifications to the Disclosure
Statement must be filed not less than seven (7) days prior to the
time set for hearing.

                  About Hamlett Enterprises

Based in Salmon, Idaho, Hamlett Enterprises, Inc., filed a petition
under Chapter 11 of the Bankruptcy Code (Bankr. D. Idaho Case No.
18-41169) on Dec. 14, 2018, estimating under $1 million in both
assets and liabilities.  Maynes Taggart PLLC, led by Robert J.
Maynes, is the Debtor's counsel.


HARRISBURG UNIVERSITY: S&P Rates 2019 Revenue Bonds 'BB'
--------------------------------------------------------
S&P Global Ratings assigned its 'BB' long-term rating to the
Dauphin County General Authority, Pa.'s series 2019 university
revenue bonds, issued for Harrisburg University of Science and
Technology (HU). At the same time, S&P affirmed its 'BB' long-term
rating on HU's series 2017 bonds. The outlook on all ratings is
stable.

"The rating reflects our view of HU's stable management,
fast-growing enrollment offset by a limited demand profile and
below-average student quality, and strengthened though still
relatively weak selectivity, matriculation, retention, and
graduation rates for the rating," said S&P Global Ratings credit
analyst Ying Huang.

"The rating is also based on HU's solid operating performance in
the past few years, weak pro forma expendable resources to debt
ratios, limited financial flexibility, high student dependence, and
extremely high pro forma debt burden," Ms. Huang continued.

The stable outlook reflects S&P's expectation that, over the
one-year outlook period, HU will continue to generate solid
full-accrual surplus, grow its enrollment and maintain current
demand trends, and grow available resources to the levels more
consistent with the rating.

HU plans to issue $100 million in series 2019 bonds to fund: (i)
the construction and development on land owned by the university
located at 222 Chestnut St. and land and improvements owned by the
university located at 24, 26, and 28 South Third St. in Harrisburg,
Pa. (collectively, the "Chestnut Street Land"), of a health
sciences educational and mixed-use project, which is expected to
include a health sciences teaching campus and related educational
facilities, related student services facilities and ancillary uses
(the "2019 University Facility"); (ii) the provision of capitalized
interest; (iii) the funding of a debt service reserve fund, which
secures only the series 2019 bonds; and (iv) payment of all or a
portion of the costs of issuance.


HECLA MINING: Moody's Lowers CFR to Caa1, Outlook Stable
--------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating of
Hecla Mining Company to Caa1 from B2, the probability of default
rating to Caa1-PD from B2-PD and senior unsecured notes to Caa2
from B3. Moody's also downgraded the Speculative Grade Liquidity
rating to SGL-3 from SGL-2. The outlook is stable.

"The downgrade is driven by a significant deterioration in Hecla's
credit profile and Moody's expectations that operational challenges
and high execution risks at several of the company's mines as well
as potential liquidity constraints could impede the improvement in
credit metrics over the next 12-18 months," said Botir Sharipov,
Vice President and lead analyst for Hecla.

Downgrades:

Issuer: Hecla Mining Company

Probability of Default Rating, Downgraded to Caa1-PD
from B2-PD

Speculative Grade Liquidity Rating, Downgraded to SGL-3
from SGL-2

Corporate Family Rating, Downgraded to Caa1 from B2

Senior Unsecured Regular Bond/Debenture, Downgraded to
Caa2 (LGD4) from B3 (LGD4)

Outlook Actions:

Issuer: Hecla Mining Company

Outlook, Remains Stable

RATINGS RATIONALE

Hecla's Caa1 corporate family rating reflects its modest scale with
revenues of $580 million for the twelve months ended March 31,
2019, exposure to volatile gold, silver, zinc and lead prices, high
cost position, rising leverage, declining earnings and the weakened
liquidity profile. The rating takes into account a substantial
uncertainty over the economic viability of the company's Nevada
assets and the duration of the strike at the Lucky Friday mine in
Idaho, which has been ongoing since March 2017. The rating is also
constrained by the refinancing risk for the company's $500 million
May 2021 senior unsecured notes given the current operating
challenges, negative free cash flow, potentially lower production
in the future and substantially weakened debt protection metrics.
The term of the recently amended $250 million June 2022 senior
secured revolving credit facility (RCF) will mature on November 1,
2020 if the bonds are not refinanced by November 1, 2020. Hecla's
rating is supported by its adequate liquidity profile and favorable
geopolitical risk profile with assets in the US, Canada and Mexico,
albeit with currently high asset concentration risk, given that its
Greens Creek mine in Alaska generates about 50% of the company's
revenues and in 1Q19, was the only mine with positive earnings from
operations.

Hecla's operating and credit metrics deteriorated substantially
since the July 2018 $414 million acquisition of Klondex Mines with
its properties in Nevada. The acquisition consumed a substantial
portion of Hecla's cash and raised the company's overall cost
profile. Since the acquisition, Hecla invested a significant amount
of capital into Nevada assets aiming to develop the underground
infrastructure, upgrade resources into reserves, and improve
productivity, mining rates and mill throughput. However, the
company has encountered a number of unexpected operating issues,
particularly at the Fire Creek mine, including high water discharge
levels, lower than expected grades and recoveries, slower than
planned development rates and higher than anticipated amount of
refractory ore, amongst other challenges.

The combination of lower than planned production and high cash burn
rate, lower commodity prices in 2H 2018 and high operating costs at
Casa Berardi mine in Q1 2019 (AISC of $1,338/oz of gold) has led to
LTM EBITDA, as adjusted by Moody's, declining to $122 million as of
March 31, 2019 from $150 million in 2018 and $202 million in 2017.
As a result, adjusted debt/EBITDA ratio climbed to 5.1x by March
31, 2019 from 3.0x a year ago and the interest coverage ratio
(EBIT/Interest Expense) declined to negative 0.8x from positive
2.1x in the prior year. Cash and cash equivalents balance was down
to $12 million from $213 million in Q1 2018.

Hecla has recently announced multiple operating initiatives to
reduce the company-wide spending and cash consumption with the goal
to return to positive free cash flow generation in 2H 2019 and
2020. The measures include lower development capex while mining out
only developed reserves at Fire Creek, reduced workforce at the
mine, lower G&A, exploration and other expenses. While some
strengthening in operating and credit metrics could be expected
toward the end of 2019 as cost savings materialize in the coming
quarters, given the recent setbacks and high execution risks, any
improvement would be contingent on the company fully delivering on
the outlined objectives. The company has recently entered into put
contracts setting the floor price of $14.73/oz silver and $1,318/oz
gold for 2.9moz of silver and 93koz of gold through October 2019,
which represent about 29% and 34% of guided 2019 silver and gold
production. While Fitch expects the company to be free cash flow
positive in 2020, Fitch believes that the anticipated increase in
EBITDA and cash flow levels will be insufficient to enable the
company to meaningfully reduce leverage and improve credit metrics
over the rating horizon. Using price sensitivities of about
$1,275-1,300/oz gold and $14.75-15/oz silver for 2019 as well as
$1,200-1,300/oz gold and $14.25-15/oz silver for 2020, Fitch
estimates that Hecla's 2019 year-end adjusted debt/EBITDA will be
in the range of 3.8-4.5x and could fluctuate within the range of
4.0-7.0x in 2020. Hecla faces a number of ESG risks, typical for a
mining company, including risks related to the company's relatively
high environmental and asset retirement obligations, water
management and water rights, litigation matters associated with
Nevada operations and social risks related to the ongoing strike at
the Lucky Friday mine.

Hecla's SGL-3 rating reflects the company's still adequate, but
weakened liquidity profile with $12 million in cash and cash
equivalents as of March 31, 2019 and $85.0 million already drawn on
its $250 million RCF as of May 10, 2019. The facility matures in
June 2022, but the term could accelerate to November 1, 2020 if the
bonds are not refinanced by that time. The RCF is secured by assets
of some of Hecla's Nevada subsidiaries, the company's assets in the
Greens Creek mine JV and equity interests in certain domestic
subsidiaries. The company amended the terms of the RCF in May 2019,
increasing the maximum permitted net leverage ratio to 5x for Q2
and Q3 2019, to 4.5x for Q4 2019 and 4x for Q1 2020 and thereafter.
Fitch believes there is a risk of Hecla potentially violating these
amended covenants in 2019. Fitch expects the company to rely
heavily on the RCF in the remainder of 2019 to finance its basic
working capital needs but maintain its adequate liquidity profile.
However, if the company fails to meet its operational goals and
refinance the senior unsecured notes, its liquidity position could
be significantly impaired.

Under Moody's Loss Given Default Methodology, the Caa2 rating on
the senior unsecured notes, one notch below the CFR, reflects their
lower priority position in the capital structure and their
effective subordination to the RCF (unrated).

The stable outlook reflects its expectation that Hecla will
stabilize its Nevada operations, increase production and reduce
currently high operating costs at the Casa Berardi mine and return
to positive free cash flow by the end of 2019. The outlook also
anticipates that the company will maintain an adequate liquidity
position while continuing its investments in sustaining capital and
exploration projects.

The ratings could be downgraded if debt/EBITDA is sustained above
5.5x, if the company's liquidity position weakens materially or if
uncertainty increases over the company's ability to refinance its
upcoming unsecured debt maturities. Hecla's ratings could be
upgraded if the company is able to generate positive free cash
flow, reduce debt/EBITDA to below 4.5x on a sustained basis and
address its upcoming unsecured debt maturities.

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

Headquartered in Coeur d'Alene, Idaho, Hecla Mining Company is
primarily a gold and silver producer with zinc and lead
by-products. The company operates mines in Alaska (Greens Creek),
Idaho (Lucky Friday), Quebec Canada (Casa Berardi), Mexico (San
Sebastian) and Nevada (former Klondex mines). Hecla also owns
several other exploration and pre-development properties, including
geologically attractive Hatter Graben vein system on its Hollister
property in Nevada. For the twelve months ended March 31, 2019,
Hecla generated revenues of $580 million.


HELIOS AND MATHESON: Delays Filing of First Quarter Form 10-Q
-------------------------------------------------------------
Helios and Matheson Analytics Inc. filed with the Securities and
Exchange Commission a Form 12b-25 Notification of Late Filing with
respect to its quarterly report on Form 10-Q for the period ended
March 31, 2019.

Because the market value of the Company's common stock held by
non-affiliates exceeded $75 million as of the last trading day of
the Company's fiscal quarter ended June 30, 2018, Helios and
Matheson became subject to the requirement to include in its Annual
Report on Form 10-K for the fiscal year ended Dec. 31, 2018 an
attestation report by its independent registered public accounting
firm regarding its assessment of its internal control over
financial reporting, pursuant to Section 404 of the Sarbanes-Oxley
Act.  The Company said it requires additional time to provide its
independent registered public accounting firm with the information
and documentation regarding its assessment of its internal control
over financial reporting to enable its independent registered
public accounting firm to provide the required attestation report.
Due to the foregoing, the Company requires additional time to
complete the 2018 Annual Report.  As a result of the delay in the
completion of the 2018 Annual Report, the Company requires
additional time to complete the Form 10-Q for the quarter ended
March 31, 2019.

The Company's independent registered public accounting firm has not
yet completed its review of the Company's financial statements for
the three-month period ended March 31, 2019, and therefore, the
estimates are subject to change.  Revenues for the three months
ended March 31, 2019 are expected to be approximately $17.8 million
as compared to revenues of approximately $49.4 million for the
three-month period ended March 31, 2018.  The decrease was
primarily due to a decrease in MoviePass Inc. subscribers.  The
Company expects a net loss attributable to Helios and Matheson
Analytics Inc. of approximately $(17.1) million or $(0.009) loss
per basic and diluted share for the three-month period ended March
31, 2019, as compared to a net income attributable to Helios and
Matheson Analytics Inc. of approximately $5.2 million or $0.15
income per basic and diluted share for the three-month period ended
March 31, 2018.  The Company is still in the process of evaluating
its goodwill, and the above results do not include any potential
adjustment that could be required as a result of such evaluation,
with the exception of such adjustments recognized in prior
quarters.

                    About Helios and Matheson

Helios and Matheson Analytics Inc. -- http://www.hmny.com/-- is a
provider of information technology services and solutions, offering
a range of technology platforms focusing on big data, business
intelligence, and consumer-centric technology.  More recently, to
provide greater value to stockholders, the Company has sought to
expand its business primarily through acquisitions that leverage
its capabilities and expertise.  The Company is headquartered in
New York City, has an office in Miami Florida and has an office in
Bangalore India.

Helios and Matheson reported a net loss of $150.8 million for the
year ended Dec. 31, 2017, compared to a net loss of $7.38 million
for the year ended Dec. 31, 2016.  The Company's amended balance
sheet at Sept. 30, 2018, showed $134.30 million in total assets,
$68.86 million in total liabilities, and $65.44 million in total
stockholders' equity.

The report from the Company's independent accounting firm Rosenberg
Rich Baker Berman, P.A., in Somerset, New Jersey, on the
consolidated financial statements for the year ended Dec. 31, 2017,
includes an explanatory paragraph stating that the Company has
suffered recurring losses from operations and negative cash flows
from operating activities.  This raises substantial doubt about the
Company's ability to continue as a going concern.

                   2018 Form 10-K Filing Delay

Helios and Matheson had filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its Annual
Report on Form 10-K for the year ended Dec. 31, 2018.  The Company
said it requires additional time to provide its independent
registered public accounting firm with the information and
documentation regarding its assessment of its internal control over
financial reporting to enable its independent registered public
accounting firm to provide the required attestation report.


HERITAGE POWER: S&P Assigns Prelim 'B+' Rating to Sr. Secured Debt
------------------------------------------------------------------
S&P Global Ratings assigned a 'B+' preliminary rating and '3'
recovery rating to Heritage Power LLC's senior secured debt, which
consists of a $550 million term loan B, a $61.1 million term loan
C, and a $45 million revolving credit facility.

Heritage Power LLC is a portfolio of 16 power plants located across
Pennsylvania, Ohio, and New Jersey and four different zones in the
Pennsylvania-Jersey-Maryland Interconnection (PJM): American
Transmission Systems Inc. (ATSI), Mid-Atlantic Area Council (MAAC),
Eastern MAAC (EMAAC), and the remaining areas of the regional
transmission organization (RTO). The portfolio, which is 100% owned
by GenOn Holdings LLC and has a total capacity of about 2.35
gigawatts (GW), utilizes various technologies (steam turbines,
combined cycle gas turbines, etc.) designed by various suppliers
(GE, Siemens, Alstom, etc.) and primarily employs natural gas and
number two fuel oil. Some plants are dual-fuel capable. From
2014-2016, GenOn performed coal-to-gas conversions on two of the
larger plants, Shawville and New Castle, which increased their
efficiency and the likelihood of earning energy gross margin during
normal hours.

"The stable outlook is based on our expectation that all capacity
will clear in future auctions. Importantly, we expect availability
to remain near current levels, which will be a key factor because
the plants will need to avoid excessive operational outages in
order to maintain base-case cash flows," S&P said.

S&P expects capacity prices for the period June 2022 through May
2023 to clear at $125/MW-day for the bulk of PJM, while EMAAC
clears at $150/MW-day. The preliminary rating reflects S&P's
minimum forecast DSCR of 1.42x, which occurs in 2026. The rating
agency expects DSCRs to be lower through the end of 2020, but the
$20 million liquidity reserve will be available to support debt
coverage.

"We could lower the rating or revise the outlook if the project
can't consistently maintain a minimum DSCR of 1.35x. This could
stem from deterioration in energy margins or capacity prices
clearing lower than we expect," S&P said, adding that it could also
revise the outlook or lower the rating if the project experienced
unexpected operational issues that required extensive outages or if
the project fails to sweep material cash, which could heighten
refinancing risk.

"While unlikely in the near term, we could raise the rating if we
expect the project to maintain a minimum base-case DSCR greater
than 1.65x in all years including during the post-refinancing
period, while also improving its downside resiliency by enhancing
its available liquidity," S&P said. This could stem from an
improvement in capacity prices or a sustained widening of spark
spreads in PJM, especially at Shawville and New Castle, according
to the rating agency.


HEXION INC: Proposes to Issue $450MM New Senior Unsecured Notes
---------------------------------------------------------------
Hexion Inc. on June 19, 2019, disclosed that it is proposing to
issue $450 million aggregate principal amount of new senior
unsecured notes due 2027 (the "Notes") in a private offering that
is exempt from the registration requirements of the Securities Act
of 1933, as amended (the "Securities Act").  The Notes will be
guaranteed on a senior basis by the Company's existing domestic
subsidiaries that guarantee obligations under the credit facilities
to be entered into upon the Company's emergence from bankruptcy.

The Company intends to use the net proceeds from the offering of
the Notes to fund the repayment of its existing
debtor-in-possession credit facilities and the other distributions
provided for under the Plan of Reorganization (the "Plan") in
connection with the emergence proceedings under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court
for the District of Delaware (the "Bankruptcy Court") and to pay
certain fees and expenses relating to the foregoing and its
emergence from bankruptcy.  The proposed offering of the Notes is
subject to market and other conditions, and may not occur as
described or at all.

The Notes are being offered only to persons reasonably believed to
be qualified institutional buyers in reliance on Rule 144A under
the Securities Act, and outside the United States, only to non-U.S.
investors in reliance on Regulation S under the Securities Act.
The Notes will not be registered under the Securities Act or any
state securities laws and may not be offered or sold in the United
States absent an effective registration statement or an applicable
exemption from registration requirements or in a transaction not
subject to the registration requirements of the Securities Act or
any state securities laws.

                      About Hexion Holdings

Based in Columbus, Ohio, Hexion Inc. -- https://www.hexion.com/ --
is a producer of thermoset resins or thermosets, and a producer of
adhesive and structural resins and coatings. The company is
incorporated in New Jersey while most of its co-debtors are
Delaware limited liability companies or Delaware corporations.
Hexion Inc. is the direct or indirect parent of the debtors and the
non-debtor affiliates.

Hexion Holdings LLC is the sole member of Hexion LLC, which is the
sole owner of Hexion Inc.

Hexion Inc. employs 4,000 people around the world, including 1,300
in the U.S. across 27 production facilities.

Hexion Holdings LLC and its co-debtors sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-10684) on April 1, 2019.  At the time of the filing, the Debtors
estimated assets and liabilities of between $1 billion and $10
billion.

The cases are assigned to Judge Kevin Gross.

The Debtors tapped Latham & Watkins LLP and Richards, Layton &
Finger, P.A., as bankruptcy counsel; Paul Weiss Rifkind Wharton &
Garrison LLP, as special financing and securities; Moelis & Company
LLC as financial advisor; AlixPartners LLP as restructuring
advisor; and Omni Management Group as claims, noticing,
solicitation and balloting agent.

The Office of the U.S Trustee appointed an official committee of
unsecured creditors on April 10, 2019.  The committee tapped Bayard
P.A. and Kramer Levin Naftalis & Frankel LLP as its legal counsel.


HIGH TIMES: CMYIA Objects to Disclosure Statement
-------------------------------------------------
CMIYA Investments, Inc., objects to the amended disclosure
statement explaining the Chapter 11 plan of High Times Corp.

CMYIA complains that the disclosure statement dated May 16, 2019,
fails to adequately disclose information regarding the
discrepancies in income and expenses of the Debtor's business
operations and other matters.

CMYIA points out that the Debtor has failed to provide evidence of
having paid the post-petition taxes on CMIYA's collateral, as they
became due and payable on January 1, 2019.

According to CMYIA, the Debtor's amended disclosure statement does
not have any evidence of the actual value of Debtor's real
properties, which are the main assets of the estate for liquidation
purposes, as the combined value of the properties encumbered in
favor of CMIYA is higher that its claim and the third real property
has no liens.

CMYIA complains that the disclosure statement should not be
approved because the underlying proposed plan is patently
unconfirmable.

Counsel for CMIYA:

     LUIS M. SUAREZ LOZADA
        LAW OFFICES
     P.O. Box 192333
     San Juan, Puerto Rico 00919-2333
     Phone: (787) 296-4299
     Email: suarez@caribe.net

               About High Times Corp.

High Times Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 18-04770) on August 21,
2018.  At the time of the filing, the Debtor estimated assets of
less than $500,000 and liabilities of less than $500,000.  Judge
Enrique S. Lamoutte Inclan presides over the case.  Alexis A.
Betancourt Vincenty, Esq., at Lugo Mender Group LLC, is the
Debtor's bankruptcy counsel.


HT INTERMEDIATE: S&P Discontinues 'CCC+' ICR After Debt Repayment
-----------------------------------------------------------------
S&P Global Ratings said that it has discontinued all ratings on
City of Industry, Calif.-based pop culture specialty retailer HT
Intermediate Holdings Corp. (Hot Topic; CCC+/Negative/--).

S&P also discontinued its 'B' issue-level rating and '1' recovery
rating on Hot Topic's senior notes.

This follows the redemption of the company's debt in accordance
with the terms of notes from an infusion from Torrid Holding LLC, a
transaction that closed on June 17, 2019.



HULTGREN CONSTRUCTION: Proposes to Sell Acuity Policy for $2MM
--------------------------------------------------------------
The Hon. Charles L. Nail, Jr., of the U.S. Bankruptcy Court for the
District of South Dakota, on April 12, 2019, denied confirmation of
Hultgren Construction, LLC's first modified plan dated February 28,
2019, and second modified plan dated April 11, 2019.   Judge Nail
held that any third modified plan proposed by the Debtor must
incorporate the terms and effect of the Debtor's Motion to Approve
Settlement Agreement and Section 363 Sale in order to resolve
coverage disputes regarding the Policy and to provide speedy and
equitable recovery for all creditors.

Accordingly, the Debtor filed a Third Modified Plan incorporating
the terms and effect of the Debtor's Motion to Approve Settlement
Agreement and Section 363 Sale.

Class 1 Personal Injury Claims are impaired. Class 1 Claim will
receive, in satisfaction of the Settling Parties’ share of causal
liability or fault of such Claim: a pro rata share, based on the
Allowed Claims.

Class 2 Business Interruption and Property Damage Claims are
impaired. Class 2 Claim will receive, in full satisfaction of such
Claim: (a) a single Cash payment of 20% of the Allowed amount of
the Claim.

Class 3 Subrogation Claims are impaired. Class 3 Claim will
receive, in full satisfaction of such Claim: (a) a single Cash
payment of 11.353% of the Allowed amount of the Claim.

Class 4 Penalty Claims are impaired. A Class 4 Claim will not
receive a distribution of any Property or interest in Property
under the Plan.

Class 5 Contribution Claims are disallowed. A Class 5 Claim means
any contingent contribution and indemnity claim against the Debtor
and there will be no distribution to holders of any Class 5
Claims.

Class 6 Interests are impaired. The holders of Interests in the
Debtor shall retain their Interests but shall not receive a
distribution of any Property or interest in Property under the
Plan.

Class 7 Promissory Note Claims are impaired. Class 7 Claims will
receive no distribution. The Class 7 claimant waives its claim as a
contribution to the Claimants’ Fund.

The Hultgren Construction Parties shall sell the Acuity Policy,
free and clear of all claims, liens and interest, to Acuity for
$2,000,000 and shall contribute the proceeds of the sale.

A full-text copy of the Second Amended Disclosure Statement dated
June 3, 2019, is available at https://tinyurl.com/y597np7t from
PacerMonitor.com at no charge.

Attorneys for the Debtors are Bryant D. Tchida, Esq., at Moss &
Barnett, P.A., in Minneapolis, Minnesota; and Robert T. Kugler,
Esq., and Brittany M. Michael, Esq., at Stinson LLP, in
Minneapolis, Minnesota.

                  About Hultgren Construction

Hultgren Construction LLC is a construction company based in Sioux
Falls, South Dakota.

Hultgren Construction sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. S.D. Case No. 18-40329) on July 18,
2018.  In the petition signed by Melissa Bailey, consultant
bookkeeper, the Debtor disclosed $3,699 in assets and $4,919,517 in
liabilities.

Judge Charles L. Nail, Jr., oversees the case.  The Debtor is
represented by Stinson Leonard Street LLP.


IDL DEVELOPMENT: Sale of All Assets to Quantum Elements Approved
----------------------------------------------------------------
Judge Christopher Panos of the U.S. Bankruptcy Court for the
District of Massachusetts authorized IDL Development, Inc.'s sale
of substantially all assets to Quantum Elements Development, Inc.
or its designee(s), free and clear of all Claims.

The Sale Agreement and all of the transactions contemplated
thereunder are approved.

The Court finds that a bona fide dispute exists between CET and the
Debtor with respect to the nature and extent of the Debtor's and
CET's/EC's interests, if any, in the Purchased Assets.
Accordingly, the Court finds that the Debtor may sell its right,
title and interest in and to the Purchased Assets pursuant to
Section 363(f)(4) of the Bankruptcy Code.

The Purchased Assets do not include (1) the Licensed IP as defined
in Paragraph 1.13 of the License Agreement and (2) the Glassy
Metals Patent as defined in Paragraph 1.10 of the License
Agreement.

Any valid Claims of CET, other than any CET Reserved Claims, will
attach to the proceeds of the Sal.  The Debtor is instructed to
hold the proceeds of the Sale pending the disposition of the
Adversary Proceeding or further order of the Court.

The sale, assignment, and transfer of the Purchased Assets to the
Buyer is on an "as is, where is" basis with no representations or
warranties of any kind including, without limitation, any warranty
of merchantability or fitness for a particular purpose, pursuant to
the Sale Agreement.    

Pursuant to Sections 105(a) and 365 of the Bankruptcy Code, and
subject to and conditioned upon the Closing, the Debtor's
assumption and assignment of the Unexpired Lease on the terms set
forth in the Sale Agreement is hereby approved, subject only to the
Landlord's receipt of the Cure Payment.   The Unexpired Lease will
be transferred to, and remain in full force and effect for the
benefit of the Buyer.

All defaults or other obligations of the Debtor under the Unexpired
Lease arising or accruing prior to the date of this Order will be
deemed cured by the Buyer by payment of the Cure Amount(s) at the
Closing or as soon thereafter as practicable.

The provisions of the Order are stayed until 11:59 p.m. on June 21,
2019, and the stays provided by Fed. R. Bankr. P. 6004(h) and
6006(d) are reduced accordingly.

                    About IDL Development

IDL Development, Inc. is engaged in research in the field of
"electromagnetic chemistry," which is the use of electromagnetic
fields to manipulate, generate and change the properties of matter.
Organized in 2014, IDL Development conducts research activities
from a leased facility in Taunton, Massachusetts, and is funded
through private equity investment.    

IDL Development sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 18-14808) on Dec. 29,
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 has been assigned to Judge Joan N. Feeney.
Murphy & King, Professional Corp. is the Debtor's counsel.



JAKPA HEALTHCARE: July 17 Plan Confirmation Hearing
---------------------------------------------------
The disclosure statement explaining the Chapter 11 Plan of JAKPA
Healthcare, Inc., is conditionally approved.

The hearing to consider final approval of the Disclosure Statement
and to consider the confirmation of the proposed Chapter 11 Plan is
fixed and will be held on July 17, 2019 at 1:30 p.m. in the Plano
Bankruptcy Courtroom, 660 N. Central Expressway, Third Floor,
Plano, Texas 75074.

July 16, 2019 is fixed as the last day for filing written
acceptances or rejections of the Debtor’s proposed Chapter 11
plan.

July 16, 2019 is fixed as the last day for filing and serving
written objections to: (1) final approval of the Debtor’s
Disclosure Statement; or (2) confirmation of the Debtor’s
proposed Chapter 11.

Class 6 Claimant (Allowed Unsecured Claims) are impaired and shall
be satisfied as follows: The Debtor shall pay monthly payments to
the Unsecured Creditor's Pool in the amount of $1,500 for a period
of sixty months commencing on the Effective Date.  The Debtor shall
distribute the funds in the Unsecured Creditor's Pool on a
quarterly basis commencing 90 days after the Effective Date.  The
distributions to the Allowed Unsecured Creditor shall be pro rata.
The Debtor believes with allowed deficiency claims the total amount
of the Class 6 Claimants should not exceed $90,000.

Class 2 Claimants (Allowed Tax Claim) are impaired and shall be
satisfied as follows: The Ad Valorem Taxes will be paid in 36 equal
monthly payments. The Debtor would show this monthly payment will
be approximately $133. The Taxing Authorities shall retain their
statutory senior lien position regardless of other Plan provisions,
if any, to secure their Tax Claims until paid in full as called for
by this Plan. The Ad Valorem Taxing Authorities shall retain their
2019 statutory liens on Debtor’s property.

Class 3 Claimant (Allowed Priority Claims of the Internal Revenue
Service) are impaired. The Allowed Amount of Tax Creditor Claims of
the Internal Revenue Service shall be paid out of the continued
operations of the business.  The Priority and Secured Tax Creditor
Claims to be the IRS taxes believed to be approximately
$127,328.66.  The IRS Allowed Priority and Secured Claims will be
paid in full in sixty (60) equal monthly payments commencing
on the Effective Date with interest at the rate of 5% per annum.
The Debtor shall receive credit for all payments made pursuant to
Agreed Cash Collateral Order entered by the Court on February 8,
2019. The monthly payment will be approximately $2,402.

Class 4 Claimants (Texas Workforce Commission) are impaired and
shall be satisfied as follows: the Texas Workforce Commission has
filed a Proof of Claim asserting a claim for Unemployment Taxes in
the amount of $516.92.  The Debtor shall pay the TWC claim in full
with interest at the rate of 6.5% per annum in 12 equal monthly
payments commencing on the
Effective Date.  The Debtor would show this monthly payment will be
approximately $71.  The Debtor may pre-pay this Claim at any time
without penalty.

Class 5 (Allowed Secured Claim of Wells Fargo Bank) is impaired.
The Wells Fargo Bank N.A. debt arises out of a Promissory Note
dated February 2, 2012 in the original principal amount of $673,800
by the Debtor and a company known as Joffy International, Inc.  The
Wells Fargo Note is secured by that certain Commercial Security
Agreement and UCC Financing Statement against the Debtor.  Pursuant
to the terms of this Plan, Wells Fargo will not receive any
payments on the Wells Fargo Note from the Debtor.  The Wells Fargo
Note shall be paid by Joffy.  All of Wells Fargo's existing lien
rights will remain in full event of a default on the payments under
the Wells Fargo Note, Wells Fargo shall retain all its existing
rights and remedies against the Debtor.

The Debtor anticipates the continued operations of the business to
fund the Plan.

A full-text copy of the Disclosure Statement dated June 13, 2019,
is available at https://tinyurl.com/y3uw9kbg from PacerMonitor.com
at no charge.

                   About JAKPA Healthcare

JAKPA Healthcare, PA, filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Tex. Case No. 18-42758) on Dec. 5, 2018, estimating
under $500,000 in assets and liabilities. The petition was signed
by its owner, Ofioritse Agbontaen.  The Debtor's counsel is Eric A.
Liepins, P.C.


JAMES B. MORRIS: Hornthal Riley Represents Millers & Colerain, NC
-----------------------------------------------------------------
In James B. Morris Farms, Inc.'s Chapter 11 proceeding, W. Brock
Mitchell submitted a verified disclosure in accordance with the
requirements of Rule 2019 of the Federal Rules of Bankruptcy
Procedure.

W. Brock Mitchell, an attorney with Hornthal, Riley, Ellis &
Maland, LLP, discloses that HREM is counsel for the creditors:

    1. Brent and Shirley Miller
       11771 Bondurant Drive
       Chesterfield, VA 23236
       Nature of Claim: Creditor Representation for leased land
       Total Amount of Claim: To be determined
       Time of Acquisition: December 1, 2017

    2. Town of Colerain
       P. O. Box 176
       Colerain, NC 27924
       Nature of Claim: Creditor Representation for leased land
       Total Amount of Claim: To be determined
       Time of Acquisition: February 8, 2018

HREM can be reached at:

         W. Brock Mitchell, Esq.
         HORNTHAL, RILEY, ELLIS & MALAND, LLP
         301 East Main Street
         Elizabeth City, NC 27909
         Telephone: 252-335-0871
         Facsimile: 252-335-4223
         E-mail: Bmitchell@hrem.com

                   About James B. Morris Farms

James B. Morris Farms, Inc., is a privately held company that
operates in the crop farming industry.

James B. Morris Farms sought Chapter 11 protection (Bankr. E.D.N.C.
Case No. 18-04675) on Sept. 21, 2018.  The Debtor estimated $1
million to $10 million in assets and liabilities of the same range
as of the bankruptcy filing.

The Hon. Stephani W. Humrickhouse is the case judge.

Ayers & Haidt, P.A., led by David J. Haidt, is the Debtor's
counsel.


JAMES B. MORRIS: Ward & Smith Represents Deere & Co., et al.
------------------------------------------------------------
Ward and Smith, P.A., submitted a verified statement to comply with
Rule 2019 of the Federal Rules of Bankruptcy Procedure, disclosing
that it represents:

     (i) Deere & Company
         One John Deere Place
         Moline, IL 61265
         * Deere & Company is owed $191,382.

    (ii) John Deere Financial, f.s.b.
         8402 Excelsior Drive
         Madison, WI 53717-1923
         * John Deere Financial is a federal savings bank
affiliated with Deere.  JDF is owed approximately $68,070.

   (iii) Nutrien Ag Solutions, Inc.
         f/k/a Crop Production Services, Inc.
         3005 Rocky Mountain Avenue
         Loveland, CO 80538-9001
         * Nutrien is owed $358,549.

    (iv) Triangle Chemical Company
         117 Preston Court
         Macon, GA 31210-5769
         * TCC is owed $272,795.

     (v) Jernigan Oil Co., Inc.
         415 Main Street
         Ahoskie, NC 27910
         * Jernigan is owed $227,884.

Ward and Smith, P.A., has considered and evaluated all potential
conflicts of interest in accordance with the North Carolina Rules
of Professional Conduct and has determined that the representations
are permissible and has obtained proper consents from its clients
where required.

Counsel can be reached at:

          WARD AND SMITH, P.A.
          Tyler J. Russell
          Post Office Box 33009
          Raleigh, NC  27636-3009
          Telephone: 919.277.9100
          Facsimile: 919.277.9177
          E-mail:  tjr@wardandsmith.com

                   About James B. Morris Farms

James B. Morris Farms, Inc., is a privately held company that
operates in the crop farming industry.

James B. Morris Farms sought Chapter 11 protection (Bankr. E.D.N.C.
Case No. 18-04675) on Sept. 21, 2018.  The Debtor estimated $1
million to $10 million in assets and liabilities of the same range
as of the bankruptcy filing.

The Hon. Stephani W. Humrickhouse is the case judge.

Ayers & Haidt, P.A., led by David J. Haidt, is the Debtor's
counsel.


JOHN STODDART: $950K Sale of Owens Cross Roads Residence Approved
-----------------------------------------------------------------
Judge Tamara O. Mitchell of the U.S. Bankruptcy Court for the
Northern District of Alabama authorized John Stoddart and Helen
Powell-Stoddart to sell their primary residence located at 3127
Haddonstone Drive SE, Owens Cross Roads, Alabama to Cliff White or
assigns for $950,000.

The sale is free and clear and clear of all liens, security
interests, or other encumbrances of any kind with all such liens,
security interests, or other encumbrances attaching to the proceeds
of sale.

The Buyer's real estate closing attorney is hereby authorized to
use the cash proceeds from the sale of the Property to pay any
required Seller paid items as per the cash sales contract, any
applicable liens, security interests, or other encumbrances on the
Property in their order of priority.

John Stoddart and Helen Powell-Stoddart sought Chapter 11
protection (Bankr. N.D. Ala. Case No. 19-80272) on Jan. 30, 2019.
The Debtors tapped Tazewell Shepard, Esq., at Tazewell Shepard,
P.C., as counsel.



JONES LEASE: July 9 Hearing on Disclosure Statement
---------------------------------------------------
July 9, 2019, at 10:00 a.m. is fixed for the hearing on approval of
the Disclosure Statement explaining the Chapter 11 Plan of Jones
Lease Properties, LLC. The hearing will be held at U.S. Courthouse,
100 N.E. Monroe St., Room 121, Peoria, IL 61602.

July 5, 2019, is fixed as the last day for filing and serving in
written objections to the Disclosure Statement.

                 About Jones Lease Properties

JP Rentals, LLC and Jones Lease Properties, LLC are a locally owned
and operated rental property companies serving the Quad Cities and
surrounding areas. As the source for rental living, they offer a
wide variety of rental properties including apartment complexes,
single family homes, townhomes, and duplexes.

J.P. Apartments Cooperative, Jones Lease Properties, and J.P.
Rentals, LLC filed their voluntary petitions under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Iowa Case Nos. 18-02566, 18-02568,
and 18-02569, respectively) on Nov. 26, 2018.

In January 2019, the cases were transferred to the U.S. Bankruptcy
Court for the Central District of Illinois and were assigned new
case numbers (Case No. 19-80013 for J.P. Apartments; Case No.
19-80014 for Jones Lease; and Case No. 19-80015 for J.P. Rentals).

In the petitions signed by Erik R. Jones, director, J.P. Apartments
disclosed $4,765,888 in total assets and $4,689,693 in
liabilities.

The Debtors tapped Bradshaw, Fowler, Proctor & Fairgrave PC as
their legal counsel; and GlassRatner Advisory & Capital Group, LLC,
as their financial advisor and investment banker. The Skutch Arlow
Group, LLC, as financial advisor.


KINNEY FARMS: Farm Credit Objects to Disclosure Statement
---------------------------------------------------------
Farm Credit of Florida, ACA, objects to the adequacy of the
Disclosure Statement and confirmation of the Chapter 11 Plan of
Reorganization of Kinney Farms, Inc.

Farm Credit complains that the Disclosure Statement is deficient in
that Debtor fails to provide meaningful financial information
sufficient to demonstrate its ability to fund any of the payments
proposed under the Plan, including but not limited to:

   a. The terms of the lease for the land used by Debtor to farm;

   b. The terms of the financial arrangement with the Debtor's
"business partner" (who is unnamed).

Farm Credit objects to the Plan on the ground that the Plan is not
feasible in that Debtor fails to provide financial information
sufficient to show that Debtor can make the proposed payments, and
that approval of the Plan will not be followed by liquidation.

Counsel for Creditor, Farm Credit of Florida, ACA:

     Robert B. George, Esq.
     301 West Bay Street, Suite 1030
     Jacksonville, Florida 32202
     Tel: (904) 634-1100
     Fax: (904) 634-1234
     Email: rgeorge@lilesgavin.com

                     About Kinney Farms

Kinney Farms, Inc., is a Bunnell, Florida-based privately held
company in the agricultural industry.

Kinney Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 18-04194) on Nov. 30, 2018.  At the
time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.  The case is
assigned to Judge Paul M. Glenn.  The Debtor tapped the Law Offices
of Scott W. Spradley, P.A. as its legal counsel.


KINNEY FARMS: July 11 Plan Confirmation Hearing
-----------------------------------------------
The disclosure statement explaining the Chapter 11 Plan filed by
Kinney Farms, Inc. is conditionally approved.

July 11, 2019, is fixed for the hearing on final approval of the
disclosure statement and for the hearing on confirmation of the
plan. The hearing will be held at 2:30 p.m., in 4th Floor Courtroom
D, 300 North Hogan Street, Jacksonville, Florida.

Any objections to Disclosure or Confirmation will be filed and
served seven (7) days before the date set.

Creditors and other parties in interest must file with the court
their written ballots accepting or rejecting the Plan no later than
fourteen(14) days before the date of the Confirmation Hearing.

                       About Kinney Farms

Kinney Farms, Inc. is a Bunnell, Florida-based privately held
company in the agricultural industry.

Kinney Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 18-04194) on Nov. 30, 2018.  At the
time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of $1 million to $10 million.  The case is
assigned to Judge Paul M. Glenn.  The Debtor tapped the Law Offices
of Scott W. Spradley, P.A. as its legal counsel.


L B A INVESTMENT: Rental Income to Fund Plan Distributions
----------------------------------------------------------
L B A Investment Group LLC filed a Chapter 11 Plan and accompanying
disclosure statement.

Class 1 Secured claim of: Green Tax Funding 4 are impaired. Monthly
payment of $451.66., Payments start on Effective Plan Date. Payment
terms of 36 months with 18% interest rate.

Class 2 Secured claim of: Catalina Tax Co LLC Series 17 are
impaired. Monthly payment of $87.11, Payments start on Effective
Plan Date. Payment terms of 36 months with 0% interest rate.

Class 3 Secured claim of: Casanova Creek Funding II LLC are
impaired. Monthly payment of $143.19, Payments start on Effective
Plan Date. Payment terms of 24 months with 5.00 interest rate.

Class 7 Secured claim of: Miami Dade County Tax Collector (Tax
Years 2018, 2019) are impaired. Monthly payment of $306.27.,
Payment terms of 24 months with 18% interest rate.

Payments and distributions under the Plan will be funded by the
rental income received by the Debtor.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/y3p7n69w from PacerMonitor.com at
no charge.

             About L B A Investment Group LLC

L B A Investment Group LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-25399) on
December 11, 2018.  At the time of the filing, the Debtor had
estimated assets of less than $500,000 and liabilities of less than
$50,000.   

The case has been assigned to Judge Laurel M. Isicoff.  Aramis
Hernandez, Esq., at Miami Legal Center, is the Debtor's legal
counsel.


MARY'S WOODS: Fitch Affirms BB Ratings on 8 Bond Tranches
---------------------------------------------------------
Fitch Ratings has affirmed the 'BB' rating on the following
Hospital Facility Authority of Clackamas County, Oregon bonds,
issued on behalf of Mary's Woods at Marylhurst (Mary's Woods):

  -- $16,700,000 senior living revenue bonds, series 2018A;

  -- $4,350,000 senior living revenue bonds, series 2018B-1;

  -- $6,250,000 senior living revenue bonds, series 2018B-2;

  -- $13,000,000 senior living revenue bonds, series 2018B-3;

  -- $1,100,000 senior living revenue bonds, series 2018C
(taxable).

In addition, Fitch has affirmed the 'BB' rating on the following
bonds also issued by the Public Finance Authority on behalf of
Mary's Woods:

  -- $114,815 000 senior living revenue and refunding bonds, series
2017A;

  -- $11,500,000 senior living revenue and refunding bonds, series
2017B-1;

  -- $15,000,000 senior living revenue and refunding bonds, series
2017B-2.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a pledge of obligated group (OG) gross
revenues, a mortgage lien on certain property, and a debt service
reserve fund.

KEY RATING DRIVERS

HIGH DEBT POSITION AND ONGOING EXPANSION PROJECT: With the series
2017A and 2018A bond issuances, Mary's Woods increased its total
permanent debt by about $132 million, resulting in a very high
32.7% maximum annual debt service (MADS) as a percent of annualized
nine-month fiscal 2019 revenues and debt-to-net available of 29x
through the nine-month interim period. Move-ins began in January
2019, and successful fill up is crucial to debt service coverage as
MADS coverage was weak at 0.8x for the nine-month interim, though
actual debt service coverage (after removing debt service
associated with the Village expansion) remained robust at 3.17x.
Construction is estimated to be completed by the end of 2019 and
remains on time and on budget.

STRONG DEMAND INDICATORS: The primary service area boasts favorable
income, growth, and real estate trends which have supported strong
demand and high occupancy, mitigating competitive threats. This
results in very strong and consistent occupancy across its campus,
averaging over 95% for independent living units (ILU) and assisted
living units (ALU) through the nine-month interim period. Mary's
Woods' strong market position is further seen in the 165-member
wait list for the village expansion and 282 member waiting list for
the existing campus as of March 31, 2019.

ADEQUATE FINANCIAL POSITION: Mary's Woods net operating margin
(NOM)-adjusted was adequate for the below investment grade (BIG)
category at 20.1% in fiscal 2018 and 17.4% for the nine months
ended March 31, 2019. These results were generally in line with
Fitch's BIG median of 18.3%. Units have started to fill, allowing
some temporary debt to be paid down and unrestricted cash and
investments to grow to $33 million as of March 31, 2019 (unaudited)
from $28 million at fiscal year-end 2018. Unrestricted cash and
investments (excluding funds allocated to repayment of entrance fee
debt) equaled 438 days cash on hand as of the nine-month interim
period, indicating financial flexibility to meet spending needs.

ASYMMETRIC RISK FACTORS: There are no asymmetric risk factors
affecting the rating determination.

RATING SENSITIVITIES

PROJECT PERFORMANCE: Though not expected, material cost overruns,
construction delays on Mary's Woods' ongoing expansion project, or
slower than expected fill-up of the new ILUs could put negative
pressure on the rating.

STEADY OPERATIONS AND LIQUIDITY MAINTENANCE: Continued robust
occupancy and demand for services is expected through the near to
medium term. A softening of operations that weakens unrestricted
cash and investment balances could cause negative rating pressure.


MCCLATCHY CO: Completes Kansas Property Sale and Leaseback
----------------------------------------------------------
The McClatchy Company completed the sale and leaseback of its
Kansas City Star headquarters to Ambassador Hospitality, LLC.  The
state-of-the-art glass building was sold for $30.1 million and
leased back for 15 years with initial annual lease payments of $2.8
million.  The company previously disclosed that it had completed
the sale of a distribution center in Miami, Florida for proceeds of
approximately $2.2 million.  The Company expects to use the
approximately $32 million of net proceeds from the real property
sales to perform a partial redemption of its 2026 Notes at par as
required under its 2026 notes indenture.

           Holds 2019 Annual Meeting of Shareholders

The Company's shareholders elected 11 directors to one-year terms,
ratified the appointment of Deloitte & Touche LLP as the company's
independent registered public accounting firm for fiscal year 2019,
and approved the amendment to the 2012 Omnibus Incentive Plan to
increase the number of shares of Class A Common Stock authorized
for issuance under the Incentive Plan. Shareholders did not approve
the individual shareholder's proposal to implement a majority
voting standard.

Shareholders re-elected Elizabeth Ballantine, Maria Thomas and
Anjali Joshi as Class A directors.  Class B shareholders re-elected
Leroy Barnes, Jr., Molly Maloney Evangelisti, Craig I. Forman,
Brown McClatchy Maloney, Kevin S. McClatchy, William McClatchy,
Theodore R. Mitchell and Clyde W. Osler as Class B directors.

                       About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- operates 30
media companies in 14 states, providing each of its communities
with news and advertising services in a wide array of digital and
print formats.  McClatchy is a publisher of iconic brands such as
the Miami Herald, The Kansas City Star, The Sacramento Bee, The
Charlotte Observer, The (Raleigh) News & Observer, and the (Fort
Worth) Star-Telegram.  McClatchy is headquartered in Sacramento,
Calif., and listed on the New York Stock Exchange American under
the symbol MNI.

McClatchy reporting a net loss of $79.75 million for the year ended
Dec. 30, 2018, compared to a net loss of $332.35 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, McClatchy had
$1.30 billion in total assets, $173.79 million in current
liabilities, $1.48 billion in non-current liabilities, and
shareholders' deficit of $360.65 million.

                            *   *   *

In March 2018, S&P Global Ratings lowered its corporate credit
rating on The McClatchy Co. to 'CCC+' from 'B-'. The rating outlook
is stable.  "The downgrade reflects our view that McClatchy's
capital structure is unsustainable at current leverage and
discretionary cash flow (DCF) levels.  Still, we don't expect a
default to occur during the next 12 months. McClatchy has no
imminent liquidity concerns, full availability on its $65 million
revolving credit facility due 2019, low capital expenditures, and
it generates positive DCF.

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MCCLATCHY CO: May Issue Additional 750K Shares Under 2012 Plan
--------------------------------------------------------------
The McClatchy Company filed with the Securities and Exchange
Commission a Form S-8 registration statement for the purpose of
registering 750,000 additional shares of Class A common stock, par
value $0.01 per share, of the Company, issuable pursuant to The
McClatchy Company 2012 Omnibus Incentive Plan, as amended and
restated.  A full-text copy of the regulatory filing is available
for free at:

                       https://is.gd/7EEx4J

                         About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- operates 30
media companies in 14 states, providing each of its communities
with news and advertising services in a wide array of digital and
print formats.  McClatchy is a publisher of iconic brands such as
the Miami Herald, The Kansas City Star, The Sacramento Bee, The
Charlotte Observer, The (Raleigh) News & Observer, and the (Fort
Worth) Star-Telegram.  McClatchy is headquartered in Sacramento,
Calif., and listed on the New York Stock Exchange American under
the symbol MNI.

McClatchy reporting a net loss of $79.75 million for the year ended
Dec. 30, 2018, compared to a net loss of $332.35 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, McClatchy had
$1.30 billion in total assets, $173.79 million in current
liabilities, $1.48 billion in non-current liabilities, and
shareholders' deficit of $360.65 million.

                            *   *   *

In March 2018, S&P Global Ratings lowered its corporate credit
rating on The McClatchy Co. to 'CCC+' from 'B-'.  The rating
outlook is stable.  "The downgrade reflects our view that
McClatchy's capital structure is unsustainable at current leverage
and discretionary cash flow (DCF) levels.  Still, we don't expect a
default to occur during the next 12 months. McClatchy has no
imminent liquidity concerns, full availability on its $65 million
revolving credit facility due 2019, low capital expenditures, and
it generates positive DCF.

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MCCLATCHY CO: Royce & Associates Holds 2.2% of Class A Shares
-------------------------------------------------------------
Royce & Associates, LP disclosed in a Schedule 13G/A filed with the
Securities and Exchange Commission that as of April 30, 2019,
it beneficially owns 118,619 shares of Class A Common Stock of The
McClatchy Company, which represents 2.17 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/ya8T3x

                        About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- operates 30
media companies in 14 states, providing each of its communities
with news and advertising services in a wide array of digital and
print formats.  McClatchy is a publisher of iconic brands such as
the Miami Herald, The Kansas City Star, The Sacramento Bee, The
Charlotte Observer, The (Raleigh) News & Observer, and the (Fort
Worth) Star-Telegram.  McClatchy is headquartered in Sacramento,
Calif., and listed on the New York Stock Exchange American under
the symbol MNI.

McClatchy reporting a net loss of $79.75 million for the year ended
Dec. 30, 2018, compared to a net loss of $332.35 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, McClatchy had
$1.30 billion in total assets, $173.79 million in current
liabilities, $1.48 billion in non-current liabilities, and
shareholders' deficit of $360.65 million.

                            *   *   *

In March 2018, S&P Global Ratings lowered its corporate credit
rating on The McClatchy Co. to 'CCC+' from 'B-'. The rating outlook
is stable.  "The downgrade reflects our view that McClatchy's
capital structure is unsustainable at current leverage and
discretionary cash flow (DCF) levels.  Still, we don't expect a
default to occur during the next 12 months.  McClatchy has no
imminent liquidity concerns, full availability on its $65 million
revolving credit facility due 2019, low capital expenditures, and
it generates positive DCF.

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cash-flow.  McClatchy's "Caa1" Corporate Family Rating
reflects persistent revenue pressure on the company's newspaper and
print operations, reliance on cyclical advertising spending, and
its high leverage including a large underfunded pension.


MELINTA THERAPEUTICS: May Issue Additional 1.8M Common Shares
-------------------------------------------------------------
Melinta Theapeutics, Inc. filed a Form S-8 registration statement
with the Securities and Exchange Commission to register (i)
1,871,028 shares of the Company's common stock, par value $0.001
per share, which may be issued pursuant to, and in accordance with
the terms and conditions of, the Company's 2018 Stock Incentive
Plan, and (ii) 100,000 shares of Common Stock, which may be issued
pursuant to the option and restricted stock unit inducement grants
made to the chief commercial officer of the Company, Timothy Simon.
A full-text copy of the prospectus is available for free at
https://is.gd/OygjP0

                   About Melinta Therapeutics

New Haven, Connecticut-based Melinta Therapeutics, Inc. --
http://www.melinta.com/-- is a commercial-stage pharmaceutical
company focused on discovering, developing and commercializing
differentiated anti-infectives for the hospital and select
non-hospital, or community, settings that address the need for
effective treatments for infections due to resistant gram-negative
and gram-positive bacteria.  The Company currently market four
antibiotics to treat a variety of infections caused by these
resistant bacteria.

Melinta reported a net loss available to common shareholders of
$157.2 million for the year ended Dec. 31, 2018, compared to a net
loss available to common shareholders of $78.17 million for the
year ended Dec. 31, 2017.  As of March 31, 2019, the Company had
$470.44 million in total assets, $293.93 million in total
liabilities, and $176.51 million in total shareholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" opinion in its report on the Company's consolidated
financial statements for the year ended Dec. 31, 2018.  The
auditors noted that the Company's recurring losses from operations
and its need to obtain additional capital raise substantial doubt
about its ability to continue as a going concern.


MIDCOAST ENERGY: Fitch Affirms 'BB-' LongTerm IDR, Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed Midcoast Energy, LLC's Long-Term Issuer
Default Rating at 'BB-' and senior secured rating at 'BB'/'RR2'.
The Rating Outlook is Stable.

The affirmation is based on solid operational and financial
performance from inception to March 31, 2019. The rating is further
based on the moderate size of the company and a good amount of
geographic diversity. Concerns include volumetric risk, and
execution risk as to derivative and physical transactions intended
to obtain favorable pricing for hydrocarbons (mainly consisting of
the five natural gas liquids) to which Midcoast takes title as a
result of certain processing contracts.

The 'RR2' recovery rating for the Tem Loan generates a one-notch
uplift to the debt rating from the IDR.

KEY RATING DRIVERS

Volumes Better Than Expected: For the three regions in which
Midcoast operates G&P assets, the volumes achieved from company
inception to 1Q19 represent growth that is better than what Fitch
projected for both 2018 and 2019. Midcoast's growth in the
Haynesville is impressive. The Haynesville is Midcoast's biggest
region, with the gas-gathered volume about 3x the volumes in the
other two combined, and NGL total volumes produced about half of
the total of the other two. Comparing Midcoast in the Haynvesville
to U.S. Energy Information Administration data for the whole of the
Haynesville, Midcoast exceeded the growth rate of the region in the
latter part of 2018 and in 1Q19.

Minimum Volume Commitments: Midcoast has, historically and to the
present time, received predictable distributions from its 35%
interest in NGL pipeline Texas Express Pipeline LLC (TEP; NR). TEP
benefits from minimum volume commitments (MVCs). In the 2020-2022
(inclusive) time frame, Fitch expects Midcoast to benefit from TEP
for an expansion of 90,000 barrels of NGLs per day (bpd). A
creditworthy anchor shipper supports this expansion with long-term
MVC undertakings (there are ramp-ups and ramp-downs on either side
of the years 2020-2022). For the base pipeline and the expanded
pipeline, most of third party (i.e., excluding Midcoast, which is a
shipper) long-term contracted shippers are creditworthy entities.

Hedging Execution: For 2018 (inception to Dec. 31, 2018) and 1Q19,
the company has posted good results, and part of the attribution
goes to good commodity price realizations. For context, for
historic past run-rate prices of the relevant hydrocarbons,
Midcoast has about 33% of gross margin derived from selling
commodities to which it takes title. For 2019, the company is
substantially hedged as to commodity prices. The company has hedged
more than Fitch expected, and, as a result, the debt balance and
letter of credit-related extensions of credit in aggregate at Dec.
31, 2018 were greater than Fitch previously forecast. With better
volumes than expected, better EBITDA, yet higher debt, 2018
leverage (annualized) was slightly lower than Fitch's expectation.


Geographic Diversity: MIdcoast has three gas gathering regions
(Haynesville, Granite Wash and Barnett), which should diversify
away some geological risk. Further, in the very long term, if
production growth is strong in the Niobrara shale region, Texas
Express Pipeline, which indirectly serves the Niobrara, should be
able to replace its long-term contracts at expiration with
similarly remunerative long-term take-or-pay contracts.

DERIVATION SUMMARY

Midcoast is a medium-sized NGL-focused midstream company. The
company may be distinguished from G&P companies with similar dollar
amounts of indebtedness by Midcoast's gas-gathering presence in
three producing basins, as well as, indirectly, a fourth region.
The other small G&P companies in Fitch's coverage are in only one
producing basin.

Given the good regional diversity of cash flows Midcoast enjoys,
DCP Midstream, LP (DCP; IDR BB+) is the best comparable for the
borrower. Based on GAAP consolidated debt balance, Midcoast is
approximately one-fifth of the size of DCP, and this difference
accounts for the main reason that DCP has a higher IDR than
Midcoast. As expected with a bigger company, DCP is more
geographically diverse.

Another reason DCP is a good comparable is contract mix. For 2019,
65% of DCP's gross margin is expected to be fixed-fee, with 12% of
margin supported by product hedges. Past 2019, Fitch expects
Midcoast's gross margin to be about two-thirds fee-based (with the
gross margin adjusted to include a pro rata share of the
100%-fee-based two Texas Express joint ventures). So, by the
breakdown of fee-based and non-fee-based, the two companies are
similar.

The forecast for 2019 for DCP total debt to adjusted EBITDA
leverage is in the range of 4.7x to 5.0x. Midcoast's 2019-2020
leverage is expected to be in each year in the range of 3.3x-3.6x.
Midcoast's approximately 1.5 turns of leverage superiority partly
offsets DCP's size advantage. Accordingly, Midcoast is rated two
notches below DCP, at 'BB-'.

KEY ASSUMPTIONS

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

  -- Fitch price deck with respect to natural gas and crude oil.
The Fitch price deck assumption for Henry Hub natural gas for 2020
and out is $2.75. The Fitch price deck for WTI is $57.50/barrel for
2020, and $55 thereafter. Midcoast takes title to some certain
quantities of natural gas (long position), and settles keep-whole
contracts with reference to natural gas (short position).
Observations concerning certain NGLs are as follows: Propane is
currently in a typical late Spring near-term contango. For ethane,
generally, the price exists in a tight relationship with the
natural gas price. So, the Fitch price deck value for natural gas
is relevant to ethane. Lastly, Midcoast takes title to condensate
and natural gasoline, which are both highly correlated to West
Texas Intermediate.

  -- Gas gathering trends consistent with recent performance.

  -- The expansion of Texas Express Pipeline LLC is completed in
     2019.

  -- Midcoast will continue to evaluate hedging opportunities, and
     utilize (both for cash draws and letters of credit) the Asset

     Backed Loan (ABL) to a high extent if opportunities
     materialize.

RATING SENSITIVITIES

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

  -- Positive rating action is not anticipated in the medium term,
     yet an increase in basin diversification financed in a
balanced
     manner could lead to a positive rating action.

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

  -- A significant reduction in the rig count in the shale
formation
     regions where Midcoast gathers gas from the wellhead;

  -- The hedging program causing an increase, not a decrease in
risk,
     such as a scenario where a highly-hedged annual business plan

     has to cope with a large under-run in volumes due to a plant
or
     plants being out of operation.

  -- Total debt to adjusted EBITDA expected above 4.5x on a
sustained
     basis.

LIQUIDITY

Midcoast has adequate liquidity stemming from an April 29, 2019
cash balance of $12 million and availability under its senior
secured revolving credit facilities of nearly $95 million. The
company recently utilized its incremental $50 million facility
under its existing credit agreement to reduce outstanding revolver
balance (which in turn will be used to fund organic growth
opportunities).

The company has a separate asset based loan facility through its
Marketing & Logistics subsidiary. Borrowings under this facility
represent net working capital utilized to fund seasonal purchases
and sales of commodities inventory, and other types of
forward-contracting. Forward contracting includes the use of
derivative instruments, such as swaps, to reduce cash flow
volatility. As of Dec. 31, 2018, the company had $100 million
outstanding on the ABL with a total commitment of $200 million. In
addition to their outstanding debt as of Dec. 31, 2018, the company
had $31.7 million in letters of credit outstanding.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Midcoast Energy, LLC

  -- Long-Term IDR at 'BB-';

  -- Senior Secured Term Loan at 'BB'/'RR2'.



MIDLAND COGENERATION: Fitch Cuts Rating on $451MM Sec. Notes to BB+
-------------------------------------------------------------------
Fitch Ratings has downgraded the rating of Midland Cogeneration
Venture LP's combined $451.0 million in outstanding senior secured
notes from 'BBB-' to 'BB+'. The Rating Outlook is Stable.

KEY RATING DRIVERS

The rating downgrade reflects lower rating case expectations driven
by reduced contracted revenues and significantly higher capital
expenditures, resulting in a coverage profile inconsistent with the
previous rating level. The revised expectations result in a Fitch
calculated average rating case debt service coverage ratio (DSCR)
of 1.30x, compared to the 'BBB-' rating case threshold of 1.40x.
MCV's operational risk is moderate with a strong long-term service
agreement (LTSA) and significant equipment redundancy, supporting
the Stable Outlook.

Increased capital costs due to unplanned early replacement of
turbine rotors are somewhat moderated by the financial and
operational flexibility in performing other discretionary capital
projects. MCV's rating is further supported by the high proportion
of contracted revenues, offset by uncertain pricing for the fixed
energy payment provided under the power purchase agreement (PPA)
with Consumers Energy (A-/Stable) and a significant reduction in
expected steam and energy sales to Dow Chemical (BBB+/Stable).
Strong operational flexibility provides unusual resilience not
typical of most thermal plants, but actual financial performance
has fallen below the 'BBB-' rating case coverage threshold for the
last three years.

Significant Redundancy and Stable Operations [Operation Risk:
Midrange]:

MCV self-performs operations, though planned O&M and major
maintenance (MM) costs are adequately covered under the LTSA with
investment grade manufacturer affiliate, GE (BBB+/Negative) through
final maturity. The project benefits from a high degree of
equipment redundancy and excess capacity, which has allowed for
strong historical PPA availability in excess of 99% and stable
operations. Accelerated rotor replacements due to unexpected
cracking that was later determined by the manufacturer to be start
related and resulted in a change in the stated rotor life has
resulted in higher forecasted capital expenditures. Previously, the
rotor replacements were planned to begin after debt maturity. The
absence of a dedicated O&M and major maintenance reserve is
mitigated by coverage provided under the LTSA, liquidity from the
working capital facility and issuer funded General Reserve, and
flexibility in capital spend.

Some Fuel Supply Risk [Supply Risk: Midrange]:

MCV has some supply risk as a result of its short-term fuel
contract with Shell Energy. However, the short-term nature of the
fuel contract is partially mitigated by an abundant supply of the
resource and substitute fuel suppliers, as well as MCV's track
record of meeting fuel supply requirements dating back to 1990.
Potential price risk stemming from contract replacement or renewal
is mostly mitigated by pass-through of fuel costs via MCV's
off-take agreements, with any remaining exposure hedged with
forward contracts.

Contracted Revenues with Some Price Risk [Revenue Risk: Midrange]:
On average, over 90% of MCV's revenues are contracted between
Consumers at roughly 80% and Dow at roughly 10%. Revenues are
fixed-price with a broad indexation to costs, and risk of
performance penalties and PPA termination is limited. However,
MCV's revenue profile exhibits moderate price risk, most notably
with regard to its fixed energy payment, which comprises roughly
20% of its revenue profile and is indexed to the performance of
Consumers' coal plants. The fixed energy rate (FER) has experienced
some volatility as performance of the referenced coal plants has
fluctuated, although moderated by the project's operating profile
and cash flow generated from contracted revenues.

Conventional Debt Structure [Debt Structure: Midrange]:

MCV's debt structure consists of senior, fully amortizing,
fixed-rate debt. Bondholders benefit from a forward and backward
looking equity distribution test of 1.20x DSCR as well as leverage
limitations, which provide adequate liquidity. The project also has
a six-month debt service reserve funded with a letter of credit.

Financial Profile

Fitch forecasts a 2019 rating case DSCR of 1.27x versus Issuer
forecasted DSCR of 1.60x. The difference is due to Fitch's rating
case assumptions including the treatment of the General Reserve as
Fitch incorporates the General Reserve funding as an operating
expense. For the remaining debt term, Fitch calculated a rating
case average DSCR of 1.30x with a minimum of 1.25x. Compared to
last year, the weaker financial results are due to higher
forecasted capital expenditures related to accelerated rotor
replacements and lower steam and energy sales to Dow Chemical. The
financial profile is moderated by the demonstrated stable operating
history and operational flexibility at MCV to potentially delay
other discretionary capital projects if needed. The discretionary
capital projects provide for additional reliability during the term
of the debt as well as supporting the extension of the project
beyond the term of the debt. The level of flexibility available is
unique and provides some cushion to withstand temporary periods of
underperformance to preserve the cash flow cushion for repayment
the existing debt.

Peer Group

The rating is comparable to other similarly rated thermal projects,
which may have slightly higher coverages but lack the level of
operational flexibility of MCV. A similarly rated project, Lea
Power (BB+/Stable Outlook) has an average rating case DSCR of 1.39x
and minimum of 1.20x, but historically experienced higher than
forecasted operating expenses and lacks equipment redundancy.
Higher rated peers such as Orange Cogen (A-/Stable Outlook) benefit
from a stronger rating case DSCR profile supported by fixed
capacity payments that reduce exposure to price risk.

RATING SENSITIVITIES

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

  -- Materially lower than expected FER, reducing the fixed energy
     payments;

  -- Costs consistently exceeding Fitch's rating case forecasts

Fitch calculated DSCR's persistently falling below Fitch's rating
case.

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

  -- Materially higher than expected FER;

  -- Pre-funding of forecasted capital expenditures for the   
     remaining debt term exclusive of operating cash flow;

  -- Fitch Calculated DSCR performance (excluding merchant
revenues)
     that is persistently above Fitch's base case levels.

CREDIT UPDATE

Performance Update

MCV continues to maintain stable operations demonstrated by
availability levels exceeding 99%. In 2018, the capacity factor was
higher at 50% compared to 40% in 2017 due to lower gas prices. As
of 1Q19, MCV is experiencing lower dispatch with a PPA capacity
factor of 39.2% due to the polar vortex and a gas curtailment event
with Consumers. Performance over the last two years are in line as
the higher dispatch is a result of the continued low natural gas
price environment although somewhat offset by low market energy
prices. The project experienced two major forced outage events in
2018. Unit 7's gas turbine tripped due to high vibrations and
during review it was discovered that a blade had broken at the root
and damaged other blades in rows two-five. The unit was down for
approximately two months and the approximate cost to MCV was $2.1
million after insurance claims. Unit 9 went through an unplanned
C-inspection in late September after a visual inspection showed
significant degradation of the hot gas path. The unit was down for
one month and MCV is currently examining data for the insurance
claim. Despite the forced outages, MCV maintained high PPA
availability levels due to the high level of equipment redundancy
available.

The project began experiencing issues with its rotors, which led to
a revised rotor maintenance and replacement plan. Previously, the
project assumed that the life of the rotors would extend to 200,000
operating hours and planned to begin turbine rotor replacements in
2026 after the debt matured. Beginning in late 2017, MCV discovered
three units had cracking that resulted in the rotors being unfit
for use, but was able to utilize spare rotors to keep the units in
service. GE published a technical letter in March 2018 revising the
life of the rotors as limited to 5,000 starts of which the rotors
were approaching. To mitigate the immediate needs of the project
and maintain stable operations, in May 2018 MCV purchased a new
rotor from GE in anticipation of an additional rotor failing, sent
another rotor to GE for repair, and sent an additional two to GE
for hot-end replacement. MCV expects to receive the hot-end
replacement rotors by mid-summer this year. GE recommended
purchasing an additional seven rotors.

Instead of purchasing the rotors from GE, MCV entered into a
contract with South Korean company Doosan in November 2018 to
replace and inspect rotors to ensure the project is able to
continue operating efficiently up to the debt life. The contract
provides some flexibility as between four to seven rotors can be
purchased and paid for over a period of six years, with the first
rotor being delivered in 1Q20. The total cost of the current rotor
lifecycle management and replacement plan including the purchase
and repair of rotors from GE is estimated at approximately $30
million, which is based on the conservative assumption of full
replacement of seven rotors. The inspection and replacements will
occur during regular C-inspections. MCV has the option to repair or
replace the rotors based on the inspection findings, which provides
some flexibility on costs if the rotor wear is lower than
anticipated. The rotor inspection and replacement plan is not
expected to result in any additional down time at the project.

Adjustments to the FER were higher than projected in 2019 coming
out to $6.50/MWh compared to a budget of $5.45MWh mainly due to
higher non-fuel O&M expenses than estimated by MCV at the Consumers
coal-fired generating units. There is some uncertainty over the
level of future increases as pending disputes between the issuer
and Consumers are expected to be resolved by the end of 2019 and
could impact next year's FER rate. Historical operations at the
referenced coal plants have experienced some volatility and at
times performed outside of expectations resulting in either higher
or lower than expected FER adjustments. The FER accounts for
approximately 20% of MCV's revenue profile and fluctuates due to
factors beyond MCV's control, representing a potentially
substantial price risk to the project's financial position.

An ongoing dispute between Consumers and MCV regarding the FER
calculation from 2011 to 2018 is expected to conclude by the end of
2019. MCV forecasts a favorable outcome, leading to an increase in
the FER reimbursing MCV for previous shortfalls in the annual
calculation by Consumers.

Market forecasts estimate coal generation to decline as pollution
control requirements increase the operating costs of those plants
in addition to higher penetration of lower cost generation from
renewables. Additionally, MCV has been successful in prior FER
disputes and received reimbursements in the form of a higher
subsequent FER adjustments or lump sum payments. Fitch views this
positively as it supports the expectations of an increasing fixed
energy rate.

2018 financial performance was in line with Fitch expectations.
CFADS was $118.1 million versus a Fitch base case expectation of
$115.2 million. 2018 DSCR was 1.34x, slightly better than last
year's base case assumption of 1.31x. Overall performance in 2018
was in line with Fitch base case expectations as it continued to
demonstrate strong availability levels and operate in line with
expectations.

FITCH CASES

No changes were made to stresses in Fitch's cases. The cases
incorporate the higher cost profile resulting from the rotor
maintenance plan, reduced DOW steam and energy revenues per
management, and treatment of General Reserves as an operating
expense versus a cost offsetting line item.

Fitch's base and rating case assume availability averaging 99%, the
minimum DOW load of 46 MW, a 30% haircut to ancillary and arbitrage
revenues, and exclusion of merchant sales. Fitch's base case
assumes inflationary cost growth and a heat rate in line with
historical averages. Fitch's base case DSCRs average 1.37x with a
minimum of 1.31x.

Fitch's rating case assumes a 5% higher cost profile, a 1% increase
to the heat rate, and higher fuel prices. In Fitch's rating case,
DSCRs average 1.30x with a minimum of 1.25x. The project has a high
level of equipment redundancy to withstand temporary operational
issues that may arise. Management indicates that one to three
rotors can be down at a time depending on the season. However,
rating case average coverage is 17 bps lower than last year,
insufficient to maintain a 'BBB-' rating.

ASSET DESCRIPTION

MCV was formed in 1987 as a limited partnership to convert a
portion of an uncompleted nuclear power plant owned by Consumers
into a 1,633-MW natural gas-fired, combined cycle, cogeneration
facility.

SECURITY

Collateral includes a first-lien security interest for the benefit
of all senior secured noteholders, 100% of the assets of the issuer
(MCV); 100% of the sponsors' equity interests in the issuer; all
material project documents and agreements; the funds of collateral
accounts and all permitted investments; all insurance and
reinsurance and condemnation awards; and all revenues. Shell Energy
also holds a $100 million pari passu lien for the assets and
interests as collateral under the obligation of the secured
commodity agreement.


MUSCLE MAKER: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Chapter 11 case of
Muscle Maker Grill Tallahassee, LLC, according to court dockets.
    
       About Muscle Maker Grill Tallahassee LLC

Muscle Maker Grill Tallahassee is a fast casual restaurant brand
that serves nutritious alternatives to traditional dishes.

Based in Tallahassee, Fla., Muscle Maker Grill Tallahassee filed a
Chapter 11 petition (Bankr. N.D. Case No. 19-40280) on May 16,
2019, listing under $1 million in both assets and liabilities.
Robert C. Bruner, Esq., at Bruner Wright, P.A., represents the
Debtor as counsel.


MUSCLEPHARM CORP: Delays Filing of First Quarter Form 10-Q
----------------------------------------------------------
MusclePharm Corporation filed a Form 12b-25 with the Securities and
Exchange Commission notifying the delay in the filing of its
quarterly report on Form 10-Q for the period ended March 31, 2019.

As previously disclosed in a Form 8-K filed on March 14, 2019,
during the preparation of its 2018 annual consolidated financial
statements, the Company determined that the systems, processes and
controls related to sales cut off were not sufficient to accurately
record revenue in the correct reporting period.  This resulted in
errors in the Company's unaudited condensed consolidated financial
statements for the three and nine months ended Sept. 30, 2018.  The
Company is in the process of restating its unaudited condensed
consolidated financial statements for the foregoing periods and
will file an amended Form 10-Q for the quarter ended Sept. 30,
2018.  The Company will not be able to file its Form 10-K for the
year ended Dec. 31, 2018 or its Form 10-Q for the period ended
March 31, 2019 until after the filing of the amended Form 10-Q.

                       About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTCQB:MSLP) -- http://www.musclepharm.com/and
http://www.musclepharmcorp.com/-- develops, manufactures, markets
and distributes branded nutritional supplements.  Its portfolio of
recognized brands includes MusclePharm Sport Series, Essential
Series and FitMiss, as well as Natural Series, which was launched
in 2017.  These products are available in more than 100 countries
worldwide.  MusclePharm is an innovator in the sports nutrition
industry with clinically proven supplements that are developed
through a six-stage research process utilizing the expertise of
leading nutritional scientists, physicians and universities.

MusclePharm incurred a net loss of $10.97 million in 2017 compared
to a net loss of $3.47 million in 2016.  As of Sept. 30, 2018, the
Company had $28.34 million in total assets, $45.82 million in total
liabilities, and a total stockholders' deficit of $17.47 million.


MYSTERY ROOM: To Pay $559K to Creditors Under Chapter 11 Plan
-------------------------------------------------------------
Mystery Room, LLC, filed a Chapter 11 Plan and accompanying
Disclosure Statement proposing to pay creditors $559,582, which
exceeds the low-end and high-end estimate of funds available after
liquidation.

Class 2 - Unsecured Nonpriority Claims are impaired. Unsecured
non-priority claims (general unsecured claims) will be paid their
pro rata share of the payments and payments will continue until and
including the payment on September 30, 2022.

Class 1 - Unsecured Priority Claims are impaired. Unsecured
priority claims, will be paid in full, through payments on the
following dates, with each payment being made on a pro rata basis
from the following amounts until all Class 1 claims are paid in
full.

Class 3 - Equity Holders. Equity holders are retaining their
interests in the Debtor, and making a contribution of new value as
set forth herein.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/yyw7666f from PacerMonitor.com at
no charge.

                      About Mystery Room LLC

Mystery Room, LLC is the creator of the Mystery Room, a
strategy-based room escape game.  Mystery Room is an interactive,
immersive problem-solving or mystery attraction wherein
participants are locked in a room and have 45 minutes to complete a
puzzle or escape.  It can be found in 48 malls across the United
States.

Mystery Room sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 18-69404) on November 16, 2018.  In
the petition signed by John Reichel Jr., manager, the Debtor
disclosed $424,861 in assets and $1,635,174 in liabilities.  

The case has been assigned to Judge Wendy L. Hagenau.  The Debtor
tapped Robl Law Group, LLC as its legal counsel.

The U.S. trustee for Region 21 appointed an official committee of
unsecured creditors on Feb. 21, 2019.


NEOVASC INC: Closes $11.5 Million Private Placement
---------------------------------------------------
Neovasc Inc. had closed its private placement of (i) a 15% original
issue discount convertible debenture with a face value of US$11.5
million, for gross proceeds to the Company of US$9,775,000, and
(ii) 3,349,514 common shares of the Company at a price of US$0.515
per Common Share, for gross proceeds to the Company of
US$1,725,000.

Neovasc intends to use the net proceeds from the Offering for the
development and commercialization of the Neovasc Reducer,
development of the Tiara and general corporate and working capital
purposes.

The Company relied upon the exemption set forth in Section 602.1 of
the TSX Company Manual, which provides that the Toronto Stock
Exchange will not apply its standards to certain transactions
involving eligible interlisted issuers on a recognized exchange,
such as the Nasdaq Capital Market.

After the issuance of the 3,349,514 Common Shares as part of the
Offering, the Company has 70,825,398 Common Shares issued and
outstanding.  The following securities are convertible into Common
Shares: 9,328,494 stock options with a weighted average exercise
price of US$2.90, 1,444,444 broker warrants with an exercise price
of US$0.5625, US $11,500,000 Debenture, which could convert into a
maximum of 15,333,333 shares and US $8,890,000 principal amount of
senior secured convertible notes issued pursuant to the November
2017 private placement, which Notes could convert into 19,755,556
Common Shares (not taking into account the alternate conversion
price or anti-dilution mechanisms).  The Company's fully diluted
share capital as of the same date is 116,687,225.  The Company's
fully diluted share capital, adjusted on the assumption that all of
the outstanding Notes are converted using the alternate conversion
price at the closing price on May 16, 2019, is 118,189,441.

                      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$108.04 for the year ended Dec.
31, 2018, compared to a net loss of US$22.90 million for the year
ended Dec. 31, 2017.  As of March 31, 2019, Neovasc had US$16.09
million in total assets, US$18.89 million in total liabilities, and
a total deficit of US$2.80 million.

Grant Thornton LLP, in Vancouver, BC, the Company's auditor since
2002, issued a "going concern" opinion in its report on the
Company's consolidated financial statements for the year ended Dec.
31, 2018, stating that the Company incurred a net loss of US$108.04
million during the year ended Dec. 31, 2018, and as of that date,
the Company's liabilities exceeded its assets by US$9.67 million.
These conditions, along with other matters, raise substantial doubt
about the Company's ability to continue as a going concern.


NFP HOLDINGS: S&P Affirms 'B' Issuer Credit Rating; Outlook Stable
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term issuer credit rating
on NFP Holdings, LLC. It also affirmed its 'B' long-term issuer
credit rating on NFP Corp. -- the borrower on all the company's
debt--and all issue ratings. The outlook is stable.

S&P's 'B' long-term issuer credit rating on NFP Holdings, LLC and
NFP Corp. (collectively, NFP) reflects the companies' fair business
risk profile and highly leveraged financial risk profile.

NFP has a fair business position (attributed to its narrow scope
and limited but developing scale) in the highly competitive,
fragmented but consolidating, and cyclical middle-market insurance
brokerage industry. NFP performed well in 2018. Organic growth was
robust at 7.3% for the year, with favorable organic growth across
all three business segments. Total revenue growth for the year was
16%, as the company continued to supplement organic growth with
acquired revenue (47 acquisitions in 2018).

The stable outlook reflects S&P's expectation that NFP will
continue to grow earnings and cash flow profitably, both
organically and through acquisitions. S&P expects revenue growth of
about 15% in 2019-2020 supported by mid-single-digit organic and
acquisition-supported growth in the U.S. middle-market brokerage
sector. Under its base case, S&P expects an adjusted debt-to-EBITDA
ratio (pro forma for annualized earnings from mergers and
acquisitions) in the 8x-9x area (7x–8x excluding preferred) and
adjusted cash interest coverage above 2x for 2019. S&P forecasts
these measures to improve to adjusted leverage in the 8x–8.5x
area (7x–7.5x excluding preferred) through 2020 with adjusted
cash interest coverage above 2x.

"We could lower the ratings in the next 12 months if NFP sustains
leverage above 9x (8x excluding preferred instruments) or cash
interest coverage falls sustainably below 2x. This could occur if
management takes a more aggressive approach to financial policy
than we anticipate or through performance deterioration," S&P said,
adding that it could also lower the rating if NPF's business
profile weakens as shown by declining revenues and margins, which
could come from poor execution of NPF's acquisition strategy,
operational inefficiencies, and producer and client attrition.

"Although unlikely in the next 12 months, we may raise our ratings
if NFP's financial policies become less aggressive and it can
reduce its debt-to-EBITDA ratio to 5x or less and sustain cash
interest coverage of 3x-4x while continuing to broaden and
diversify its business profile," S&P said.


NN INC: Moody's Affirms B3 CFR & Alters Outlook to Stable
---------------------------------------------------------
Moody's Investors Service revised NN, Inc.'s outlook to stable from
positive. In a related action, Moody's affirmed NN's Corporate
Family and Probability of Default Ratings at B3 and Caa1-PD,
respectively; and downgraded the ratings on the first-lien senior
secured bank credit facilities to B3 from B2. Moody's also
downgraded the Speculative Grade Liquidity (Rating to SGL-4 from
SGL-3.

Outlook:

NN, Inc.

Revised to Stable from Positive

The following ratings were downgraded:

  $110 million (remaining amount) first lien senior secured
  revolver due 2020, to B3 (LGD3) from B2 (LGD3);

  $530.6 million (remaining amount) first lien senior secured term
  loan due 2022, to B3 (LGD3) from B2 (LGD3);

  $276 million (remaining amount) first lien senior secured term
  loan due 2021, to B3 (LGD3) from B2 (LGD3);

  Speculative Grade Liquidity Rating, to SGL-4 from SGL-3.

The following ratings were affirmed:

NN, Inc.

  Corporate Family Rating, at B3;

  Probability of Default Rating, at Caa1-PD.

RATINGS RATIONALE

The revision of NN's outlook to stable reflects Moody's view that
operating and financial performance are unlikely to improve over
the coming two years at the pace expected previously. Synergies
anticipated from NN's purchase of PMG Intermediate Holding
Corporation (aka, Paragon, a medical products company) in May 2018
are being realized more slowly than Moody's estimated at the time
of the acquisition. Further, about a third of NN's pro forma
revenues are still exposed to the automotive OEMs where production
has been softening, and which Moody's anticipates will weaken for
the rest of 2019 and into 2020. As a result, Moody's now expects
NN's profits to be below prior estimates for the rest of 2019 and
likely into 2020, after trailing Moody's expectations for the
second half of 2018.

The ratings reflect the NN's exposure to solid long term markets,
supported by long-standing customer relationships and a strong mix
of highly engineered products which create meaningful market entry
barriers. About 37% of 2019 pro forma revenues operate in sectors
for which Moody's has a positive Industry Sector Outlook (medical
devices and aerospace & defense), and another 29% are in sectors
with a stable Industry Sector Outlook (general industrial and
electrical). Further, the full year impact of Paragon operations
should result in a modest rate of improvement in credit metrics.
Nonetheless, the company has a history of lagging behind
performance expectations, there are ongoing cash costs related to
longer term synergies with Paragon, and NN continues to have a goal
of achieving $1 billion in revenue which Moody's believes could
involve additional debt funded acquisitions.

The senior secured rating at B3 is at the same rating level as the
CFR because substantially all NN's debt is one class of secured
debt. The secured debt rating was downgraded to B3 from B2
coincident with revision of the outlook to stable from positive,
because Moody's does not anticipate a upgrade in the CFR over the
near term. Moody's noted at the time NN repaid its second lien debt
that if the outlook would be revised to stable, that the secured
debt rating would likely also be lowered to reflect the priority of
claim in NN's debt structure.

The Probability of Default Rating was affirmed at Caa1-PD, which is
one notch below the CFR. This rating reflects both the single class
of debt and the control the lender group has in calling a default
because of the effective covenants, a leverage measure in
particular.

The SGL-4 Speculative Grade Liquidity Rating reflects a weak
liquidity profile into 2020, reflecting low cash and expected cash
flow and upcoming debt maturities. NN recently completed an
amendment to its revolving credit facility which provided, among
other items, additional cushion under its financial maintenance
covenant. Moody's anticipates free cash flow as a percent of debt
over the next 12-15 months in the low to mid-single digit range.
With cash of $20.3 million at March 31, 2019, Moody's anticipates
the amount of free cash flow will be pressured to cover current
maturities of about $33 million, as of March 31, 2019, and
dividends, while maintaining financial flexibility. Further,
liquidity is pressured in that the $100 million revolving credit
matures on October 19, 2020 (recently reduced via amendment from
$125 million). The revolving credit had about $32 million of
availability at March 31, 2019 after $56 million of borrowings and
$12 million of letters of credit. The commitment under the
revolving credit facility increases to $110 million if the company
meeting a net leverage test of 4.75.x. The revolving credit
contains a maximum net leverage ratio (also recently amended to
provide additional cushion) is expected to have sufficient cushion
into 2020.

The rating could be upgraded after achieving debt/EBITDA below 6.0x
and EBITA/interest expense, inclusive of restructuring charges,
above 2x supported by outpacing industry growth trends. Other
considerations include balanced shareholder return policies along
with more a moderate pace of acquisition growth.

The ratings could be downgraded with debt-funded acquisitions that
result in the weakening of credit metrics, the inability to
successfully integrate acquisitions, or weakness in any of the
company's major end-markets. Consideration for a lower outlook or
rating could result from debt/EBITDA remaining above 7x for a
prolonged period. A weakening liquidity profile could also drive a
negative rating action.

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

NN, headquartered in Charlotte, NC, is a diversified industrial
company that combines advanced engineering and production
capabilities with in-depth materials science expertise to design
and manufacture high-precision components and assemblies for a
variety of markets on a global basis. Revenues for the LTM period
ending March 31, 2019 were $815 million.


ORANGE COUNTY BAIL: Case Summary & 7 Unsecured Creditors
--------------------------------------------------------
Debtor: Orange County Bail Bonds, Inc.
        1043 W. Civic Center Drive
        Santa Ana, CA 92703

Business Description: Orange County Bail Bonds Inc. --
                      http://www.bailall.com/-- is a family owned
                      and operated bail bond service headquartered

                      in Santa Ana, California.  The Company
                      specializes in bail bonds for all drug
                      related offenses, bail bond services for
                      drunk driving DUI offenses, bail bond
                      services for spousal abuse and domestic
                      violence charges, bail bond services for
                      prostitution solicitation charges, bail bond
                      services for all felonies, and bail bond
                      services for all misdemeanors.  Starting in
                      1963, the Company has been servicing Orange
                      County, Los Angeles, Riverside, San
                      Bernardino, and San Diego.

Chapter 11 Petition Date: June 21, 2019

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Case No.: 19-12411

Judge: Hon. Erithe A. Smith

Debtor's Counsel: Marc C. Forsythe, Esq.
                  GOE & FORSYTHE, LLP
                  18101 Von Karman Avenue Ste 1200
                  Irvine, CA 92612
                  Tel: 949-798-2460
                  Fax: 949-955-9437
                  E-mail: kmurphy@goeforlaw.com
                          mforsythe@goeforlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Miller, president Orange County
Bail Bond, Inc.

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

         http://bankrupt.com/misc/cacb19-12411.pdf


PACIFIC GAS: Resolves Wildfire Claims with Local Public Entities
----------------------------------------------------------------
Pacific Gas and Electric Company (PG&E) has reached agreements to
resolve the wildfire claims held by 18 local public entities
(cities, counties, districts and public agencies) impacted by the
2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp
Fire.  Under the agreements, $1 billion in payments will be made as
part of a Chapter 11 Plan of Reorganization to be filed in PG&E's
pending Chapter 11 case (POR).

"We remain focused on supporting our customers and the communities
impacted by wildfires and helping them recover and rebuild.  This
is an important first step toward an orderly, fair and expeditious
resolution of wildfire claims and a demonstration of our
willingness to work collaboratively with stakeholders to achieve
mutual acceptable resolutions.  We hope to continue making progress
with other stakeholders," said PG&E Corporation President and CEO
Bill Johnson.

The payment of the settlement funds is subject to Bankruptcy Court
confirmation of, and the occurrence of the effective date under,
the POR, which will provide for the payment of the settlement funds
to the local government agencies in full settlement and
satisfaction of their wildfire claims.  While the filing date of
the POR with the Bankruptcy Court remains uncertain, PG&E intends
to complete the Chapter 11 process as expeditiously as possible.

JAMS Mediator Judge Jay Gandhi (Ret.) presided over several days of
in-person mediation sessions held in San Francisco that resulted in
the settlement.

During the Chapter 11 process PG&E remains fully committed to
enhancing its wildfire safety efforts, as well as helping to
restore and rebuild communities impacted by the wildfires.  The
company is also committed to continuing to deliver safe and
reliable natural gas and electric service to its customers every
day.

The agreements with the public entities reflect a consensual
resolution of their claims against PG&E for damages related to the
wildfires.  A list of the public entities is below.

Public Entities

The following entities comprise the 2015 Butte Fire Public Entity
Plaintiffs: Calaveras County Water District, a special district
organized under the laws of the State of California.

The following entities comprise the 2017 North Bay Public Entity
Plaintiffs: (a) The City of Clearlake, a California municipal
corporation duly organized and existing by virtue of the laws of
the State of California; (b) the City of Napa, a California
municipal corporation duly organized and existing by virtue of the
laws of the State of California; (c) the City of Santa Rosa, a
California municipal corporation duly organized and existing by
virtue of the laws of the State of California; (d) Lake County, a
California municipal corporation duly organized and existing by
virtue of the laws of the State of California; (e) Lake County
Sanitation District, a sanitary district organized under the laws
of the State of California; (f) Mendocino County, a general law
California county and political subdivision of the State of
California, duly organized and existing by virtue of the laws of
the State of California; (g) Napa County, a general law California
county and political subdivision of the State of California, duly
organized and existing by virtue of the laws of the State of
California; (h) Nevada County, a California municipal corporation
duly organized and existing by virtue of the laws of the State of
California; (i) Sonoma County, a general law California county and
political subdivision of the State of California, duly organized
and existing by virtue of the laws of the State of California; (j)
Sonoma County Agricultural Preservation and Open Space District, a
public agency formed pursuant to the Public Resources code sections
5500, et seq.; (k) Sonoma County Community Development Commission,
a public and corporate entity pursuant to Section 34110 of the
California Health & Safety Code; (l) Sonoma County Water Agency, a
public agency of the State of California; (m) Sonoma Valley County
Sanitation District, a sanitary district organized under the laws
of the State of California; and (n) Yuba County, a California
municipal corporation duly organized and existing by virtue of the
laws of the State of California.

The following entities comprise the 2018 Camp Fire Public Entity
Plaintiffs: (a) The Town of Paradise, a municipal corporation, duly
organized and existing by virtue of the laws of the State of
California; (b) Butte County, a political subdivision of the State
of California, duly organized and existing by virtue of the laws of
the State of California; (c) Paradise Park and Recreation District,
a special district organized under the laws of the State of
California; and (d) Yuba County, a political subdivision duly
organized and existing by virtue of the laws of the State of
California.

                     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. Morrison &
Foerster LLP, as special regulatory counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Feb. 12, 2019.  The Committee retained
Milbank LLP as counsel; FTI Consulting, Inc., as financial advisor;
Centerview Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.


PETROQUEST ENERGY: Akin Gump Represents Consenting Creditors
------------------------------------------------------------
In Petroquest Energy Inc., et al.'s Chapter 11 proceedings, certain
prepetition creditors that are party to a November 6, 2018
Restructuring Support Agreement with the Debtors, submitted a
verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure.

Akin Gump Strauss Hauer & Feld LLP is engaged as counsel to each of
the Consenting Creditors.  As of Dec. 14, 2018, the Consenting
Creditors and their disclosable interests are:

    1. Corre Partners Management, LLC
       12 E. 49th Street, 40th Floor
       New York, NY 10017
       * $25,000,000 of Prepetition Term Loans
       * $7,343,000 of Prepetition Second Lien Notes
       * $71,281,542 of Prepetition Second Lien PIK Notes

    2. MacKay Shields LLC
       1345 Avenue of the Americas
       New York, NY 10105
       * $25,000,000 of Prepetition Term Loans
       * $124,131,223 of Prepetition Second Lien PIK Notes

    3. Hotchkis and Wiley Capital Management, LLC
       725 Figueroa Street
       39th Floor
       Los Angeles, CA 90017
       * $371,000 of Prepetition Second Lien Notes
       * $29,324,003 of Prepetition Second Lien PIK Notes

    4. Cross Sound Management LLC
       10 Westport Road
       Wilton, CT 06897
       * $9,928,000 of Prepetition Second Lien PIK Notes

Corre is (a) a lender under that certain Multidraw Term Loan
Agreement, dated as of August 31, 2018, among PetroQuest Energy,
L.L.C., PetroQuest Energy, Inc., Wells Fargo Bank, National
Association as administrative agent, and the lenders holding Term
Loans (the "Prepetition Term Loans") and (b) the Beneficial Owner2
of (i) notes (the "Prepetition Second Lien Notes") under that
certain Indenture for the 10% Second Lien Secured Senior Notes due
2021 dated as of February 17, 2016 among PetroQuest Energy, Inc.,
the Subsidiary Guarantors (as defined therein), and Wilmington
Trust, National Association, as Indenture Trustee and Collateral
Trustee thereunder and (ii) notes (the "Prepetition Second Lien PIK
Notes") under that certain Indenture for the 10% Second Lien Senior
Secured PIK Notes due 2021 dated as of September 27, 2016 among
PetroQuest Energy, Inc., the Subsidiary Guarantors, and Wilmington
Trust, National Association, as Indenture Trustee and Collateral
Trustee thereunder.

MacKay is (a) an investment subadvisor to one or more lender under
the Prepetition Term Loan Agreement and (b) an investment
subadvisor or investment manager to one or more Beneficial Owner(s)
of Prepetition Second Lien PIK Notes (each a "MacKay Account").

Hotchkis is the Beneficial Owner of (a) Prepetition Second Lien
Notes and (b) Prepetition Second Lien PIK Notes.

Cross Sound is the Beneficial Owner of Prepetition Second Lien PIK
Notes.

Akin Gump does not represent or purport to represent any other
entities in connection with these Chapter 11 Cases.

The Consenting Creditors' attorneys:

         Sarah Link Schultz, Esq.
         Ashley R. Beane, Esq.
         AKIN GUMP STRAUSS HAUER & FELD LLP
         1700 Pacific Avenue, Suite 4100
         Dallas, TX 75201-4675
         Telephone: (214) 969-2800
         Facsimile: (214) 969-4343
         E-mail: sschultz@akingump.com
                 abeane@akingump.com

                 - and –

         Michael S. Stamer, Esq.
         Caitlin M. Griffin, Esq.
         AKIN GUMP STRAUSS HAUER & FELD LLP
         One Bryant Park
         New York, NY 10036-6745
         Telephone: (212) 872-1000
         Facsimile: (212) 872-1002
         E-mail: mstamer@akingump.com
                 cgriffin@akingump.com

                 About Petroquest Energy

PetroQuest Energy, Inc. -- http://www.petroquest.com/-- is an
independent oil and gas companies engaged in the exploration,
development, acquisition and operation of oil and gas properties in
Texas and Louisiana, primarily in the Cotton Valley, Gulf Coast
Basin, and Austin Chalk plays. The Company maintains offices in
Lafayette, Louisiana and The Woodlands, Texas.  It currently
employs 64 people and utilizes the services of an additional 8
specialized and trained field workers and engineers through
third-party service providers.

Petroquest along with its seven affiliates filed for Chapter 11
bankruptcy protection (Bankr. S.D. Tex. Lead Case No. 18-36322) on
Nov. 6, 2018.  In the petition signed by Charles T. Goodson, CEO
and president, Petroquest estimated assets at $1 million to $10
million and estimated liabilities at $100 million to $500 million.

The Hon. David R. Jones is the case judge.

The Debtors engaged Porter Hedges LLP, led by John F. Higgins,
Esq., Joshua W. Wolfshohl, Esq., and M. Shane Johnson, Esq., as
counsel.  The Debtors also tapped Seaport Global Securities as
investment banker, FTI Consulting Inc. as financial advisor, and
Epiq Corporate Restructuring LLC as claims, noticing and
solicitation agent.

The official committee of unsecured creditors formed in the cases
retained Heller Draper Patrick Horn & Manthey, LLC, as counsel.


PG&E CORP: Wildfire Cost Commission Submits Final Recommendations
-----------------------------------------------------------------
The Commission on Catastrophic Wildfire Cost and Recovery submitted
to the legislature on June 18 their final recommendations for
addressing increasing wildfire costs and liabilities.  

"The Official Creditors Committee welcomes the Wildfire
Commission's final recommendations for mitigating costs and
liabilities stemming from California's rampant wildfires.  Their
report moves the needle forward toward providing crucial assistance
to wildfire victims, reforming California's severely flawed
wildfire liability standard, and better preparing the state for
future wildfires.  As the current wildfire season has already begun
in earnest, taking action now is crucial to the viability of the
California electric system."

Two of the Commission's most notable recommendations urge (i)
reform of the state's inverse condemnation doctrine -- a standard
that holds utilities liable for wildfires caused by their equipment
even if they did not act negligently -- and (ii) the creation of a
wildfire fund to address the costs of recovery, compensate wildfire
victims and enhance the utility's ability to access capital.

"California and Alabama are the only two states that apply this
strict legal interpretation. Without a clear and reasonable
standard for wildfire liability, any utility's ability to provide
electricity sustainably is in question.  This unreasonable standard
makes it extremely difficult for utilities to secure sufficient
capital and insurance coverage to conduct vital maintenance and
ensure safe operations.  Thus, it threatens their ability to
provide safe, affordable and reliable energy supply to millions of
Californians."

"A wildfire fund will enhance the ability of responsible utilities
to access capital at reasonable rates, compensate wildfire victims,
and better prepare the state for future wildfires.  We urge
California lawmakers to act with pragmatism and a sense of urgency
to reform inverse condemnation and create a well-capitalized fund
to address California's wildfire challenges. Lawmaker actions to
address these issues will support thousands of outside parties and
service providers that are critical to achieving reorganization
goals, translate into lower electric rates, and enable California
to meet its green energy goals."

The Creditors Committee also underscored the importance of taking a
holistic approach to resolve the state's systemic problem of the
unsustainable liability threatening the viability of California's
utilities.

"It is critical for legislators to tackle these issues and the
Commission's other recommendations collectively as they are
uniquely and fundamentally interconnected.  A piecemeal approach is
short-sighted, ineffective and will inevitably have damaging
unintended consequences for wildfire victims, ratepayers and
businesses across California."

The final report comes nearly three weeks after the five-member
Commission released its draft recommendations, which compiled the
findings and recommendations from three workgroups and feedback
from four public forums.  The report also follows Governor Newsom's
Strike Force Report, released in April.  As summer recess swiftly
approaches, legislators are facing increased pressure to enact
legislation that tackles these issues, provides urgent assistance
to wildfire victims, and brings certainty to the utility market.
With the wildfire season upon us, time is of the essence.

              About the Official Creditors Committee

Appointed by the U.S. Trustee, the Official Creditors Committee of
Pacific Gas & Electric (PG&E) represents a broad constituency of
individuals and businesses seeking a fair and successful resolution
to the PG&E bankruptcy case.  The Creditors Committee serves as a
fiduciary, working to ensure that the interests of PG&E's creditors
are heard.  No one creditor, special interest or group takes
priority.  It represents a critical constituency to both PG&E and
the State of California, and are committed partners in the
restructuring of PG&E.

                      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. Morrison &
Foerster LLP, as special regulatory counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Feb. 12, 2019.  The Committee retained
Milbank LLP as counsel; FTI Consulting, Inc., as financial advisor;
Centerview Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants.  The tort claimants' committee is represented by
Baker & Hostetler LLP.


PHI INC: Equity Committee Objects to Disclosure Statement
---------------------------------------------------------
The Official Committee of Equity Security Holders objects to the
Disclosure Statement explaining the Chapter 11 Plan of PHI, Inc.

According to Equity Committee, the Plan violates Louisiana
corporate law by allowing the Debtors' controlling shareholder, Al
Gonsoulin the exclusive right to purchase a substantial interest in
the Reorganized Debtors' stock without allowing other shareholders,
whose interests are being nullified under the Plan, an opportunity
to participate in that acquisition and, accordingly, the Plan fails
to satisfy the requirement of section 1129(a)(3).

The Equity Committee asserts that the Disclosure Statement fails to
disclose the percentage of common stock of the Reorganized Debtors
that will be distributed to each of the Classes that will be
receiving stock pursuant to the Plan, or the Reorganization Value
of the stock to be allocated to each Class.

The Equity Committee points out that the Disclosure Statement does
not explain why the Debtors refused, and continue to refuse, to
conduct a robust M&A process during their Chapter 11 cases, prior
to promoting a Plan that extinguishes equity.

Counsel to the Equity Committee:

     David B. Golubchik, Esq.
     Eve H. Karasik, Esq.
     Gary E. Klausner, Esq.
     LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, CA 90067
     Tel: (310) 229-1234
     Fax: (310) 229-1244
     Email: dbg@lnbyb.com
            ehk@lnbyb.com

        -- and --

     Jason S. Brookner, Esq.
     Lydia R. Webb, Esq.
     Amber M. Carson, Esq.
     GRAY REED & McGRAW LLP
     1601 Elm Street, Suite 4600
     Dallas, TX 75201
     Tel: (214) 954-4135
     Fax: (214) 953-1332
     Email: jbrookner@grayreed.com
            acarson@grayreed.com
            lwebb@grayreed.com

                       About PHI Inc.

PHI, Inc. -- http://www.phihelico.com/-- is a provider of
helicopter transportation services in the oil and gas industry,
primarily transporting crews and materials, and in the healthcare
and emergency medical services industry, primarily transporting
patients.  It is a publicly held company and provides services in
the United States and abroad.

As of the petition date, PHI owns or operates 238 aircraft
worldwide, of which 17 are leased while eight are owned by the
customer and operated by the company.  The remaining 213 are owned
by PHI.  The company employs 2,218 people, including pilots,
mechanics, medical and administrative staff.

PHI and its affiliates sought protection under Chapter 11 of the
Bankruptcy Code Bankr. N.D. Tex. Lead Case No. 19-30923) on March
14, 2019.  At the time of the filing, PHI estimated assets of $1
billion to $10 billion and liabilities of $500 million to $1
billion.

The cases are assigned to Judge Harlin DeWayne Hale.  

The companies tapped DLA Piper LLP (US) as their bankruptcy
counsel; Jones Walker LLP as regular outside counsel; Houlihan
Lokey Capital Inc. and FTI Consulting Inc. as financial advisors;
and Prime Clerk LLC as claims, noticing and solicitation agent.

The Office of the U.S. Trustee on March 25 appointed five creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 cases of PHI, Inc. and its affiliates.
Haynes and Boone, LLP, is co-counsel to the Creditors' Committee.
Milbank, LLP, is counsel to the Creditors' Committee. PJT Partners
LP, is investment banker to the Creditors' Committee.

The Office of the U.S. Trustee on April 25 appointed an official
committee of equity security holders in the Chapter 11 cases of
PHI, Inc. and its affiliates.


PIUS STREET ASSOCIATES: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------------
The Office of the U.S. Trustee on June 19 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Pius Street Associates, LP.

                   About Pius Street Associates

Pius Street Associates, LP is a privately held company engaged in
activities related to real estate.  

Pius Street Associates sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 19-21560) on April 17,
2019.  At the time of the filing, the Debtor disclosed assets of
between $1 million and $10 million and liabilities of the same
range.

The case has been assigned to Judge Gregory L. Taddonio.  Robert O
Lampl Law Office is the Debtor's legal counsel.


PRIMARY PROVIDERS: Aug. 5 Plan Confirmation Hearing
---------------------------------------------------
The Disclosure Statement explaining the amended Chapter 11 Plan of
Primary Providers of Alabama Inc. is approved.

A hearing on Confirmation of the Plan will be held on Monday,
August 5, 2019 at 2:30 p.m. before the Honorable Clifton R. Jessup,
Jr. at the United States Courthouse, 400 Well Street, Decatur, AL
35601.

Friday, July 26, 2019 by 5:00 p.m., is fixed as the last day by
which creditors and parties in interest must file any objections to
confirmation of the Plan.

The Debtor must tabulate all acceptances and rejections of the Plan
and file a Ballot Summary with the Court on or before Wednesday,
July 31, 2019 by 12:00 p.m.

                  About Primary Providers

Primary Providers of Alabama Inc. is a Medical Group that has 2
practice medical offices located in 1 state 2 cities in the USA.
There are 6 health care providers, specializing in Family Practice,
Nurse Practitioner, being reported as members of the medical group.
Medical taxonomies which are covered by Primary Providers of
Alabama Inc. include Adult Health, Nurse Practitioner, Women's
Health, Family Medicine, Gerontology, Family.

Based in Huntsville, Alabama, Primary Providers of Alabama Inc.,
filed a voluntary case under Chapter 11 of Title 11, United States
Code (Bankr. N.D. Ala. Case No. 18-83207) on Oct. 26, 2018.  The
owner, Jason Allman, signed the petition.  At the time of filing,
the Debtor estimated $100,001 to $500,000 in assets and $500,001 to
$1 million in liabilities.  The case is assigned to Judge Clifton
R. Jessup Jr.  Tazewell Shepard at Sparkman, Shepard & Morris,
P.C., is the Debtor's counsel.


PROTEA BIOSCIENCES: Revises Disclosure Statement
------------------------------------------------
Protea Biosciences, Inc. and Protea Biosciences Group, Inc.,
revised the Disclosure Statement explaining their Chapter 11 Plan
of Liquidation to, among other things, emphasize that the Plan is a
Joint Plan and to disclose that as a result of the auction process,
Blackwater agreed to purchase the Litigation Claims for
consideration equating to $108,000.

Class 5 - General Unsecured Claims of PBGI are impaired. Class 5
consists of General Unsecured Claims of PBGI. Each holder of an
Allowed Class 5 Claim shall receive a pro rata distribution from
the PBGI Estate portion of the Liquidating Trust up to the full
amount of the Allowed Claim.

Class 1 - Secured Claims ofPBG1 are impaired. Class 1 consists of
Secured Claims against PBGI. Each holder of a Secured Claim will
receive, by operation of the Effective Date.

Class 2 - Secured Claims of PBI are impaired.Class 2 consists of
Secured Claims against PBI. Each holder of a Secured Claim will
receive, by operation of the Effective Date.

Class 3 - Priority Claims of PBGI are impaired. Class 3 consists of
Priority Claims of PBGI. These include priority tax claims, if any,
and certain prepetition claims of employees for unpaid wages,
salaries or commissions, including vacations, severance and sick
leave pay earned by an individual within 180 days of the Petition
Date.

Class 4 - Priority Claims of PBI are impaired. Class 4 consists of
Priority Claims of PBI identified. These include priority tax
claims, if any, and certain prepetition claims of employees for
unpaid wages, salaries or commissions, including vacations,
severance and sick leave pay earned by an individual within 180
days of the Petition Date.

Class 6 - General Unsecured Claims of PBI are impaired. Class 6
consists of General Unsecured Claims of PBI. Each holder of an
Allowed Class 6 Claim shall receive a pro rata distribution from
the PBI Estate portion of the Liquidating Trust up to the full
amount of the Allowed Claim.

Class 7 - Equity Interests of PBGI are impaired. Class 7 consists
of Equity Interests of PBGI. To the extent any funds remain after
full distributions are made to creditors in Classes 1 through 7,
each Holder of a Class 7 equity interest shall receive a pro rata
distribution, based on their applicable equity interests.

Class 8: Equity Interests of PBI are impaired. Class 8 consists of
Equity Interests of PBI. PBGI holds the equity interests of PBI.
Accordingly, any distribution available to PBGI based on its
ownership interest in PBI shall be paid to the PBGI estate portion
of the Liquidating Trust and this Class will receive no
distribution under the Joint Plan.

The Joint Plan contemplates the liquidation of the Debtors' assets
and there is a pool of funds available funds and other assets to be
distributed to fund the Effective Date payments and make a
potential distribution to priority and unsecured creditors has been
identified. The source of funding and feasibility of the Debtors'
Joint Plan is based solely on the Joint Plan Fund and the
recoveries from Causes of Action.

A full-text copy of the Joint Revised Disclosure Statement dated
June 3, 2019, is available at https://tinyurl.com/y5gwc3do from
PacerMonitor.com at no charge.

A blacklined version of the Joint Revised Disclosure Statement
dated June 3, 2019, is available at https://tinyurl.com/y5bunrts
from PacerMonitor.com at no charge.

The Revised Disclosure Statement is filed by Christopher P.
Schueller, Esq., at Buchanan Ingersoll & Rooney, LLP, in
Pittsburgh, Pennsylvania.

                   About Protea Biosciences

Headquartered in Morgantown, West Virginia, Protea Biosciences Inc.
-- https://www.proteabio.com/ -- is a bioanalytics technology
company that provides analytical and diagnostic solutions for the
rapid and direct identification, mapping and display of the
molecules present in living cells and biological samples.

Protea Biosciences, Inc., and its affiliate Protea Biosciences
Group, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. W.Va. Case Nos. 17-01200 and 17-01201) on Dec. 1,
2017.

At the time of the filing, Protea Biosciences disclosed $5.16
million in assets and $13.64 million in liabilities.  Protea
Biosciences Group disclosed $2.7 million in assets and $18.2
million in liabilities.

Judge Patrick M. Flatley presides over the case.  

The Debtors hired Buchanan Ingersoll & Rooney PC as their legal
counsel; and Compass Advisory Partners, LLC, as their restructuring
advisor.


PUERTO RICO: LCDC Members Ink Plan Support Agreement
----------------------------------------------------
The Lawful Constitutional Debt Coalition, which includes certain
major holders of Puerto Rico's General Obligation ("GO") and Public
Buildings Authority ("PBA") bonds issued prior to March of 2012, on
June 16 disclosed that three months of negotiations with the
Financial Oversight and Management Board (the "Oversight Board")
have resulted in a Plan Support Agreement ("PSA") that establishes
terms for the consensual restructuring of more than $18 billion in
GO and PBA debt.  The Coalition's members, who have joined together
to pursue a consensual restructuring that offers all creditors
equitable outcomes, each signed the PSA made public on June 16.
Other PSA signatories include members of the ad hoc group of
Qualified School Construction and Qualified Zone Academy
bondholders.

Susheel Kirpalani of Quinn Emanuel Urquhart & Sullivan, LLP, in his
capacity representing the LCDC, commented:

"It is a very positive development for Puerto Rico that a
cross-section of large bondholders has worked with the Oversight
Board to develop a consensual restructuring agreement that will
accelerate the Commonwealth's exit from bankruptcy, respect the
lawful priority of valid public debt, and help ultimately restore
capital markets access.  The PSA forged by major stakeholders
includes approximately $8 billion in GO and PBA debt reduction
while establishing a framework for reducing the Commonwealth's
total funded debt and general unsecured claims by $23 billion.  The
terms also create an efficient path for resolving disputes over the
validity and priority of GO debt -- one that will enable the
Commonwealth to save hundreds of millions of dollars per year in
restructuring-related expenses upon exiting bankruptcy.

This agreement demonstrates that creditors with long-term
investments and interests in Puerto Rico are willing to make
meaningful compromises intended to reignite capital formation and
economic development on the island.  Under the terms, holders of
valid GO bonds will accept baseline haircuts of approximately 36%.
When paired with recently announced consensual agreements with
unions and retirees, we believe the restructuring of more than $18
billion in constitutional debt will help Puerto Rico speed up its
exit from bankruptcy and achieve the type of revitalization that
other municipal issuers have realized following their
bankruptcies.

Looking ahead, the LCDC is optimistic that like-minded creditors
will sign on to the PSA disclosed on June 16.  We believe this
agreement's terms provide all holders of GO and GO-guaranteed debt
the opportunity to realize equitable recoveries based on their
relative priority and rights.  We look forward to working alongside
constructive stakeholders to achieve confirmation and then
consummation of a Plan of Adjustment for the Commonwealth in the
months to come."

The documentation that has been made public as part of the
June 16 disclosure is available at:

         https://oversightboard.pr.gov/documents/

A summary of the key terms provided under the PSA include:

   -- Participating bondholders will receive a combination of new
bonds and cash;

-- In aggregate, GO bondholders will receive a baseline recovery
of approximately 64%1;

   -- Ratable distributions for disputed bondholder claims will be
placed in escrow;

   -- Authority to litigate or settle existing "late vintage
litigation" will be transferred to a litigation trust
post-confirmation, and;

   -- Litigation value of up to $1.4 billion will exist for the
Commonwealth.

                          About the LCDC

The LCDC consists of institutional holders of Puerto Rico's GO and
PBA bonds issued prior to March of 2012.  The Coalition's mission
is to reach an equitable, economically-viable restructuring that
respects the lawful priority of early vintage constitutional debt
and properly characterizes the PBA structure.  Quinn Emanuel
Urquhart & Sullivan, LLP and Reichard & Escalera, LLC are serving
as the LCDC's legal counsel, with Miller Buckfire & Co, a Stifel
company, acting as the Coalition's financial advisor.


QUARRY SERVICES: Synovus Bank Objects to Disclosure Statement
-------------------------------------------------------------
Synovus Bank, also known as Citizens First, a division of Synovus
Bank, a secured creditor, objects to the disclosure statement and
Chapter 11 Plan filed by Quarry Services, LLC, Confinement
Management Systems, LLC, and Mining Solutions, LLC.

The Bank complains that the Debtors have inadequate cash flow and
no other resources with which to capitalize, reorganize and
sustainably operate their business.

The Bank points out that they therefore have no reasonable prospect
of confirming an acceptable, feasible plan of reorganization, and
no reorganization is in prospect.

Attorneys for the Bank:

     William A. DuPre, IV, Esq.
     Laura K. DiBiase
     MILLER & MARTIN PLLC
     1180 West Peachtree Street, NW, Suite 2100
     Atlanta, Georgia 30309
     Tel: (404) 962-6100
     Fax: (404) 962-6300
     Email: Bill.DuPre@millermartin.com
            Laura.DiBiase@millermartin.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.


RENAISSANCE CHARTER: Fitch Cuts Rating on $83MM 2011A Bonds to B+
-----------------------------------------------------------------
Fitch Ratings has downgraded the rating on approximately $83
million of series 2011A bonds issued by the Florida Development
Finance Corporation on behalf of Renaissance Charter School, Inc.
(RCS) to 'B+' from 'BB'.

The Rating Outlook is Stable

SECURITY

The bonds are jointly secured by lease payments made from the
unrestricted revenues of six Florida charter schools (the financed
schools), a cash-funded debt service reserve, and first liens on
three of the financed facilities and a leasehold interest in the
fourth.

Structural aspects of the transaction include the consolidated
revenue pledge of the financed schools; subordination of operating
expenses along with Charter Schools USA's (CSUSA) cost
reimbursement and fees; and the flow of unrestricted revenues of
the financed schools monthly from RCS to the trustee, with initial
allocations to debt service. Annual bond covenants include
liquidity tests and a 1.1x debt service coverage covenant (adjusted
for subordinate cost reimbursement and fees).

ANALYTICAL CONCLUSION

The downgrade to 'B+' is due to the application of Fitch's revised
"U.S. Public Finance Charter School Rating Criteria." The revised
criteria place increased focus on leverage relative to revenue
defensibility and operating risk. The school has midrange revenue
defensibility characteristics and ability to control expenditures;
nevertheless, elevated leverage metrics weigh on the rating.

KEY RATING DRIVERS

Revenue Defensibility: Midrange: The midrange revenue defensibility
is supported by its mixed academic performance, a solid waitlist at
most of the schools, but recent enrollment declines at one of the
schools. That school, Keys Gate Charter School High School, has
some flexibility to enroll additional students due to those
enrollment declines but has experienced some academic weakness in
recent years before an improvement last year.

Operating Risk: Midrange: Fitch believes the schools have midrange
flexibility to vary cost with enrollment shifts and considers the
consolidated carrying costs for debt service to be strong.

Financial Profile: 'b': The schools' leverage metrics are
consistent with a 'bb' assessment in the base case, but Fitch
expects the metrics to deteriorate in its forward-looking rating
case and recover only with the waiver of management fees.

Asymmetric Additional Risk Considerations: The school's liquidity
is slim, with the liquidity cushion at around 22% of annual
operating expenditures in fiscal 2018 including cash in the repair
and replacement fund.

RATING SENSITIVITIES

The Stable Outlook reflects Fitch's expectations that operating
margins and cash flow to support debt service will not deteriorate
more than is indicated in the scenario rating case. Sustained
improvement in margins leading to improved cash balances and a
decrease in net debt could lead to an upgrade.

ENROLLMENT DECLINES: Enrollment declines that impact the financial
condition of the schools could pressure the rating, as revenues are
derived primarily from state per-pupil funding. Deterioration of
school grades would likely affect future enrollment trends, and
could also trigger negative rating action. A trend of enrollment at
the schools' capacity could positively pressure the rating.

CREDIT PROFILE

The financed schools are Hollywood Academy of Arts and Sciences
(current charter through June 30, 2029), Hollywood Academy of Arts
and Sciences Middle School (2030), Duval Charter School at
Baymeadows (2031), Duval Charter High School at Baymeadows (2021),
Renaissance Charter School at Coral Springs (2031), the Homestead
Facility with students from Keys Gate Charter School (2027) and
Keys Gate Charter High School (2020). As of June 30, 2019, each of
the financed schools has had at least one charter renewal.

All schools are within counties along the east coast of Florida.
The two Hollywood schools are located on adjacent campuses, as are
the two Duval facilities.

Three of the financed schools (Hollywood Academy of Arts and
Sciences, Hollywood Academy of Arts and Sciences Middle School, and
Keys Gate Charter School) have been in operation for over 13
academic years. Keys Gate Charter High School opened in fall 2010,
and the remaining schools have been open since fall 2011.

Revenue Defensibility

The schools' mid-range revenue defensibility is supported by
healthy demand flexibility at five of the six schools, evidenced by
a solid and regularly updated wait list, strong historical academic
performance, and enrollment trends at close to capacity. One of the
six schools, however, has struggled in recent years with enrollment
and academic performance. Typical of the charter school sector,
revenue defensibility is limited by the inability to raise revenue
as the school's main revenue source is derived from per pupil
revenue from the state.

Five of the six schools have had solid academic results over the
past three years, receiving A's or B's during that time, which
drive sound demand and enrollment. Those schools are close to fully
enrolled, with approximately 5,000 students combined and waitlists
that vary from 13% to 47% of enrolled students. The sixth school,
Keys Gate Charter High School (KGCHS), maintained a 'D' rating for
three consecutive years through 2017 before improving to a 'B'
rating in 2018. KGCHS had declining enrollment from 2016 through
2018 before an increase in the 2018-2019 school year, although it
still operates at only 73% of capacity. Stability in KGCHS's
academic performance and improvement in its enrollment could be a
source of revenue improvement, which may have a positive impact on
the rating.

Florida per-pupil revenue has grown by a compound annual growth
rate of under 1% over the last 10 years. Fitch expects growth to
continue to grow at a rate slower than inflation.

Operating Risk

Fitch considers the schools' operating risk to be midrange
considering the schools' moderate fixed carrying costs and
flexibility to control other expenditures, although practical
limitations on that flexibility exist. The schools have
well-identified cost drivers, largely teacher salaries and fringe
benefits, which Fitch assumes have low potential volatility.

Management's legal control of labor costs and headcount is strong,
aided by a lack of multi-year contractual agreements and collective
bargaining. Additionally, the schools' combined fixed costs for
debt service are moderate at approximately 15% of revenue. The
schools do not participate in a pension plan. Management does,
however, face some practical limitations on its ability to control
expenditures. Most importantly, the schools are limited in their
ability to reduce teacher headcount, since doing so would impair
the school's academic performance, potentially reducing student
demand. Fitch recognizes that management can freeze salaries and
reduce some other costs in a recessionary period, leading to a
midrange operating risk assessment.

Management reports that it does not have any significant projected
capital requirements.

Financial Profile

The schools' leverage is consistent with a 'b' assessment,
incorporating Fitch's forward-looking rating case and the ability
and willingness of CSUSA to waive management fees to support
operations. CSUSA contributed $518,385 in waived management fees
(around 1% of combined expenditures) to KGCHS in 2018.

The school's 'b' financial profile assessment is limited by weak
operating margins, slim cash levels and elevated leverage. Net debt
to cash flow available for debt service (CFADS) has fluctuated
between 6x and 9x over the past five years, averaging under 8x. The
base case assumes growth in both revenues and expenditures at a
rate around inflation, but no increases in enrollment at KGCHS. In
this scenario, the school's net debt to CFADS increases to over 9x
over the next three years.

Fitch's rating case incorporates a revenue stress utilizing the
FAST model for States & Locals. Fitch's scenario shows a 1% GDP
decline in year one resulting in a 5.2% decrease in the school's
revenue followed by a 1.7% decline in year two and a revenue
recovery of 1.9% in the third year. Fitch assumes that expenditures
would increase by 2% in the first year of the rating case but that
the school would be able to adjust expenditure growth to zero in
the second and third year of the ratings case due to the nature of
the one-year contracts with teachers. In this scenario, the
school's model-generated net debt to CFADS metric increases to over
20x in the second- and third-year assuming management fees are paid
on schedule. Fitch expects that the schools will have to rely on
the waiver of the management fee by CSUSA to maintain positive
margins and to support operations and debt service payments in this
stress scenario, leaving the financial profile assessment in the
'b' range.


RENAISSANCE CHARTER: Fitch Cuts Ratings on 2010A/B Bonds to B+
--------------------------------------------------------------
Fitch Ratings has downgraded the rating on approximately $61.7
million of series 2010A and 2010B bonds issued by the Florida
Development Finance Corporation on behalf of Renaissance Charter
School, Inc. (RCS) to 'B+' from 'BB+'.

The Rating Outlook is Stable.

SECURITY

The bonds are jointly secured by lease payments made from the
unrestricted revenues of six Florida charter schools (the financed
schools); a cash-funded debt service reserve fund; a partial debt
service guarantee from Charter Schools USA (CSUSA) for one school
(Duval Charter Scholars Academy, or DCSA); and mortgage liens
(first liens on four of the financed facilities and a leasehold
interest in a fifth).

Structural aspects of the transaction include the consolidated
revenue pledge of the financed schools; subordination of operating
expenses along with CSUSA's cost reimbursement and fees; and the
flow of unrestricted revenues of the financed schools monthly from
RCS to the trustee, with initial allocations to debt service.
Annual bond covenants include liquidity tests and a 1.1x debt
service coverage covenant (adjusted for subordinate cost
reimbursement and fees).

ANALYTICAL CONCLUSION

The downgrade to 'B+' is due to the application of Fitch's revised
"U.S. Public Finance Charter School Rating Criteria." The revised
criteria place increased focus on leverage relative to revenue
defensibility and operating risk. The schools have midrange revenue
defensibility characteristics and ability to control expenditures;
nevertheless, elevated leverage metrics weigh on the rating.

KEY RATING DRIVERS

Revenue Defensibility: Midrange: The midrange revenue defensibility
is supported by its mixed academic performance, an enrollment with
some recent declines, and demand bolstered by a solid waitlist at
most of the schools.

Operating Risk: Midrange: Fitch believes the schools have moderate
flexibility to vary cost with enrollment shifts and considers the
consolidated carrying costs for debt service to be strong.

Financial Profile: 'b': The schools' leverage metrics are
consistent with a 'bb' assessment in the base case. Fitch expects
them to deteriorate in the forward-looking rating case.

Asymmetric Additional Risk Considerations: The schools' liquidity
is slim, with the liquidity cushion at around 30% of annual
operating expenditures in fiscal 2018.

RATING SENSITIVITIES

The Stable Outlook reflects Fitch's expectations that operating
margins and cash flow to support debt service will not deteriorate
more than is indicated in the scenario rating case. Sustained
improvement in margins leading to improved cash balances and a
decrease in net debt could lead to an upgrade.

ENROLLMENT DECLINES: Enrollment declines that impact the financial
condition of the schools could pressure the rating, as revenues are
derived primarily from state per-pupil funding. Deterioration of
school grades would likely be an earlier indicator of potential
declines in future enrollment. A trend of enrollment at the
schools' capacity could positively pressure the rating.

CREDIT PROFILE

The financed schools are Renaissance Elementary Charter School
(RECS, charter through 2034); Renaissance Charter School of St.
Lucie (RCSL, charter through 2023); DCSA (charter through 2023);
North Broward Academy of Excellence (NBAE, charter through 2026);
North Broward Academy of Excellence Middle School (NBAEMS, charter
through 2030); and, the Keys Gate Dorm Facility with students from
Keys Gate K-8 Charter School (charter through 2027).

All schools are within counties along the east coast of Florida.
Both of the North Broward schools are located on the same campus.
All of the financed schools have had at least one charter renewal.


Revenue Defensibility

The schools' midrange revenue defensibility is supported by healthy
enrollment trends at five of the six schools. However, several of
the schools have relatively small wait lists and only average
academic results. Typical of the charter school sector, revenue
defensibility is limited by the inability to raise revenue as the
schools' main revenue source is derived from per pupil revenue from
the state.

Four of the six schools have had solid academic results in 2018,
receiving A's or B's, but two of the six schools received C's. On a
combined basis, the schools had a decline in total enrollment from
the 2015-2016 school year through the 2017-2018 school year of over
11%. This was largely driven by an enrollment decline at one school
- the Keys Gate K-8 Charter School (KGCS), which had a decline of
approximately 20% over that time. Total enrollment grew by almost
4% in the most recent school year including almost 6% at KGCS,
whose academic rating improved to B in 2018 from C in 2017.
Continued stability in KGCS's academic performance and improvement
in its enrollment could be a source of overall revenue improvement,
particularly since it is the largest of the six schools.
Conversely, if academic results at two of the six schools that
received C's in 2018 cause an enrollment decline, revenue could be
negatively impacted.

Florida per-pupil revenue has grown by a CAGR of under 1% over the
last 10 years. Fitch expects growth to continue to grow at a rate
slower than inflation.

Operating Risk

Fitch considers the schools' operating risk to be midrange
considering the schools' moderate fixed carrying costs and
flexibility to control other expenditures. The schools have
well-identified cost drivers, largely being teacher salaries and
fringe benefits, which Fitch considers to have relatively low
potential volatility.

Management's legal control of labor costs and headcount is strong,
aided by a lack of multi-year contractual agreements or collective
bargaining. The schools' combined fixed costs for debt service are
moderate at approximately 14% of revenue. The schools do not
participate in a pension plan. Management does, however, face some
practical limitations on its ability to control expenditures. Most
importantly, the schools are limited in their ability to reduce
teacher headcount, since doing so could impair the schools'
academic performance and potentially reduce student demand. Fitch
recognizes that management can freeze salaries and reduce some
other costs in a recessionary period.

Management reports that it does not have any significant projected
capital requirements.

Financial Profile

The schools' leverage is consistent with a 'b' assessment,
incorporating Fitch's forward-looking rating case.

The school's 'b' financial profile assessment is limited by weak
operating margins, slim cash levels and moderately elevated
leverage. Net debt to cash flow available for debt service (CFADS)
including cash in the repair and replacement fund has improved from
over 9x to 8x over the past five years, averaging approximately 8x.
The base case assumes growth in both revenues expenditures at a
rate around inflation, but no increases in enrollment. In this
scenario, the school's net debt to CFADS remains around 8x over the
next three years.

Fitch's rating case incorporates a revenue stress utilizing the
FAST model for States and Locals. This scenario shows a 1% GDP
decline in year one resulting in a 5.2% decrease in the school's
revenue followed by a 1.7% decline in year two and a revenue
recovery of 1.9% in the third year. Fitch assumes that expenditures
would increase by 2% in the first year of the rating case, but that
the schools would be able to eliminate expenditure growth in the
second and third year of the ratings case due to the nature of the
one-year contracts with teachers. In this scenario, the schools'
model-generated net debt to CFADS increases to approximately 21x by
the second year of a stress scenario. The leverage ratio improves
to around 18x by the third year of the scenario assuming management
fees are paid on schedule, in the 'b' financial profile assessment
range. The assessment incorporates an assumption that CSUSA would
waive part of its management fee to financially support the schools
if needed, as it did in fiscal 2018 in waiving $925,225 to DCSA
(around 2.5% of combined expenditures). Total management fees
represented around 10% of fiscal 2018 operating expenses
(incorporating the waived fee).


RENNOVA HEALTH: Chief Financial Officer Resigns
-----------------------------------------------
Jonathan Immordino submitted his resignation on May 10, 2019 as
chief financial officer of Rennova Health, Inc. for family reasons.
In submitting his resignation, Mr. Immordino did not express any
disagreement with the Company on any matter relating to the
Company's operations, policies or practices.  The Board of
Directors has appointed Seamus Lagan, the chief executive officer
of the Company, as the interim chief financial officer.  The
Company is currently seeking a new full-time chief financial
officer.

                      About Rennova Health

Rennova Health, Inc. -- http://www.rennovahealth.com/-- operates
three rural hospitals in Tennessee and provides diagnostics and
supportive software solutions to healthcare providers.

Rennova Health reported a net loss attributable to common
shareholders of $108.5 million for the year ended Dec. 31, 2017,
compared to a net loss attributable to common shareholders of
$32.61 million for the year ended Dec. 31, 2016.  As of Sept. 30,
2018, the Company had $19.43 million in total assets, $39.76
million in total liabilities, $5.83 million in redeemable preferred
stock I-1, $3.96 million in redeemable preferred stock I-2, and a
total stockholders' deficit of $30.13 million.

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


RGIS HOLDINGS: S&P Affirms 'CCC+' ICR; Ratings Off Watch Negative
-----------------------------------------------------------------
S&P Global removed the ratings on inventory services and data
collection provider RGIS Holdings LLC from CreditWatch, where it
placed them Dec. 3, 2018, with negative implications, after passing
the 5.5x total leverage covenant for the quarter ending March 31,
2019.

Meanwhile, S&P affirmed the 'CCC+' issuer credit rating on RGIS,
reflecting its view that over the next four quarters, the company
will remain in compliance with its total leverage covenant test --
albeit with tight cushion. The rating agency expects Blackstone
would provide an equity cure to alleviate covenant pressure should
a breach become likely. It also expects the company to maintain at
least $50 million in unrestricted cash on its balance sheet.

The negative outlook reflects S&P's view that RGIS faces high
default risk if it fails to execute on its business transformation
and operational improvement initiatives. S&P forecasts the company
will have minimal covenant headroom and views the capital structure
as unsustainable. However, the rating agency believes Blackstone
would likely cure near term covenant violations. The negative
outlook also incorporates the risk of a debt restructuring by using
its relatively sizeable cash position to buy back first-lien term
loan debt that currently trades well below par.

"Over the next 12 months, we could lower the rating to 'CCC' or
lower if a default or debt restructuring appears inevitable," S&P
said. This could occur if it becomes clear that RGIS cannot obtain
covenant relief, business performance and cash flow generation
deteriorates, Blackstone utilizes all available cure options, or if
debt trading prices decline further, increasing the likelihood of a
debt restructuring, according to the rating agency.

"While unlikely, we could revise the outlook to stable if RGIS
successfully negotiates covenant relief such that we project at
least 10% cushion and demonstrates improvement in operating trends
primarily through EBITDA margin expansion and positive FOCF," S&P
said.


RIM ROCK: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Rim Rock Builders, LLC as of June 19,
according to a court docket.
    
                      About Rim Rock LLC

Rim Rock, LLC, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wisc. Case No. 19-11670) on May 17, 2019.  At the
time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $100,000.  Nicolet Law
Office, S.C., is the Debtor's counsel.


SAN JACINTO VENTURES: To Pay Unsecureds 20% at 3% Over 5 Years
--------------------------------------------------------------
San Jacinto Ventures, LLC filed a disclosure statement in support
of its proposed chapter 11 plan dated June 8, 2019.

The Plan proposes, starting on the Effective Date, for the Debtor
to pay secured claims either the claim in full or the value of
their claim. The Debtor will pay 20% of the general unsecured
claims in Class 6 over five years at a rate of 3% interest per
annum. Regular monthly payments of approximately $340.57, beginning
on the Effective Date, will be distributed on a pro-rata basis to
the various creditors holding unsecured claims.

Beginning on the Effective Date, the Debtor will allocate
sufficient funds from its profits to make the distributions
required under the Plan.

There is a risk, though not anticipated, that the Debtor will not
be able to generate sufficient cash flow to satisfy the terms of
the Plan. However, Debtor projects that there will be sufficient
cash flow to service the Plan and expects cash flow to be reliable
and consistent once it is ready to accept students.

A copy of the Disclosure Statement dated June 8, 2019 is available
at https://tinyurl.com/y4swygtr from Pacermonitor.com at no charge.


                  About San Jacinto Ventures LLC

San Jacinto Ventures, LLC filed as a domestic limited liability
company in Texas on March 29, 2016, as recorded in documents filed
with the Texas Secretary of State.

San Jacinto Ventures, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 19-31260) on March 4,
2019.  At the time of the filing, the Debtor had estimated assets
and liabilities of between $1 million and $10 million.  

The case has been assigned to Judge David R. Jones.  Adelita Cavada
Law is the Debtor's bankruptcy counsel.


SAN JUAN ICE: Unsecureds Creditors' Recovery Reduced to 20%
-----------------------------------------------------------
San Juan Ice, Inc., filed a further amended small business chapter
11 plan and accompanying disclosure statement proposing that
holders of Class 3 unsecured claims will be paid 20% of their value
of the claim, instead of 25% as disclosed in the previously filed
Plan.

Class 1 claims to be paid in the following manner: Secured claim to
CRIM in the amount of $2,460.84 to be paid within 5 years of the
filing of the petition. Secured creditor will be paid in full
commencing 5 years after the filing date of the petition in monthly
payments to be paid within the following 5 years.

Class 2 Priority claims to the Puerto Rico Treasury Department in
the amount of $86,673.37, to the Puerto Rico Department of Labor,
$6,039.00 and $16,126.00 shall be paid with five years.

Payments and distributions under the Plan will be funded by income
generated from the sales from the ice plant performed by debtor.

A full-text copy of the Fourth Amended Disclosure Statement dated
June 3, 2019, is available at https://tinyurl.com/yykntonh from
PacerMonitor.com at no charge.

                  About San Juan Ice, Inc.

San Juan Ice Inc., based in San Juan, PR, filed a Chapter 11
petition (Bankr. D.P.R. Case No. 18-01784) on April 3, 2018.  In
the petition signed by Ramiro Rodriguez Pena, president, the Debtor
disclosed $580,495 in assets and $1.17 million in liabilities.  The
Hon. Mildred Caban Flores presides over the case.  Robert Millan,
Esq., at Millan Law Offices, serves as bankruptcy counsel.


SATYAGRAHA INC: A. Gimpelson to Get Monthly Payment of $91
----------------------------------------------------------
Satyagraha, Inc., filed an amended small business chapter 11 plan
and accompanying disclosure statement to correct Section I
Introduction and change the treatment of Class 3A unsecured claim.

Class 3A - General unsecured class of Alexander Gimpelson are
impaired.  Monthly payment of $91.47 beginning June 4, 2019 and
ending November 4, 2020.

Class 3B - General unsecured class of Jeffrey  Purvis with a claim
of $10,000 and William Henry with a claim of $5,000. Will be paid
outside of the Plan.

Class 2 - Secured claim of Dutchness County Commissioner of Finance
are impaired with a total claim of $41,018.23. Monthly payment of
$912.43 beginning May 21, 2019 and ending April 21, 2024.

Payment and distributions under the Plan will be funded by the
following: Contributions from  Members of the Debtor and the
public, logging contract, rental of mobile home and structures on
Debtor's property.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/yxwfs85h from PacerMonitor.com at
no charge.

                   About Satyagraha, Inc.

Based in Pine Plains, New York, Satyagraha, Inc. sought protection
under Chapter 11 of the US Bankruptcy Code (Bankr. S.D.N.Y. Case
No. 18-36744) on October 16, 2018, listing under $1 million in both
asset and liabilities. Bethany A. Ralph, Esq. is the Debtor's
counsel.


SCOTTY'S HOLDINGS: Operation of Business, Exit Loan to Fund Plan
----------------------------------------------------------------
Scotty's Brewhouse Butler, LLC, and its affiliates filed a
disclosure statement in support of their proposed plan of
reorganization.

The Debtors will pay the following amounts to the holders of
Allowed General Unsecured Claims in such respective Case to be
shared pro-rata within each estate:

Class 4A: General Unsecured Claims of Scotty's Holdings. The
holders of Allowed General Unsecured Claims in Class 4A will share,
pro-rata, $5,000, which will be paid on the Effective Date. In
addition, such holders shall receive, on a pro-rata basis, the
right to prosecute and collect the Preference Actions, if any, that
belong to this Debtor.

Class 4B: General Unsecured Claims of P&P Management. The holders
of Allowed General Unsecured Claims in Class 4B will share,
pro-rata,sale proceeds remaining from the sale of the Plainfield
liquor license and net of allowed administrative claims. In
addition, such holders will receive, on a pro-rata basis, the right
to prosecute and collect the Preference Actions, if any, that
belong to this Debtor.

Class 4C: General Unsecured Claims of Scotty's Brewhouse
Bloomington, LLC. The holders of Allowed General Unsecured Claims
in Class 4C will share, pro-rata, $57,000 or enough to pay such
claims in full -- whichever is less -- which shall be paid on the
Effective Date. In addition, such holders will receive, on a
pro-rata basis, the right to prosecute and collect the Preference
Actions, if any, that belong to this Debtor.

Class 4D: General Unsecured Claims of Scotty's Brewhouse Mishawaka,
LLC. The holders of Allowed General Unsecured Claims in Class 4D
shall share, pro-rata, $63,500 or enough to pay such claims in full
-- whichever is less -- which shall be paid on the Effective Date.
In addition, such holders will receive, on a pro-rata basis, the
right to prosecute and collect the Preference Actions, if any, that
belong to this Debtor.

Class 4E: General Unsecured Claims of Scotty's Brewhouse Fort
Wayne, LLC. The holders of Allowed General Unsecured Claims in
Class 4E will share, pro-rata, $5,000, which will be paid on the
Effective Date. In addition, such holders shall receive, on a
pro-rata basis, the net proceeds of prosecution and collection of
the Preference Actions, if any, that belong to this Debtor.

Class 4F: General Unsecured Claims of Scotty's Brewhouse Butler,
LLC. The holders of Allowed General Unsecured Claims in Class 4F
shall share, prorata, $5,000, which will be paid on the Effective
Date. In addition, such holders shall receive, on a prorata basis,
the right to prosecute and collect the Preference Actions, if any,
that belong to this Debtor.

Class 4G: General Unsecured Claims of Scotty's Brewhouse West
Lafayette, LLC. The holders of Allowed General Unsecured Claims in
Class 4G shall share, pro-rata, $5,000, which shall be paid on the
Effective Date. In addition, such holders will receive, on a
pro-rata basis, the right to prosecute and collect the Preference
Actions, if any, that belong to this Debtor.

The source of funds used in this Plan to fund payments to creditors
will be those generated from continued operation of the Business
and the Exit Loan. The Net Monthly Income of the Reorganized
Debtors resulting from continued, normal business operations of the
Debtors' Business will be used to pay the Gift Card and personal
property tax claims in the ordinary course.

A copy of the Disclosure Statement is available at
https://tinyurl.com/yyv9znrs from stretto.com at no charge.

                  About Scotty's Holdings

Scotty's Brewhouse is a craft beer sports bar with 16 locations
throughout Indiana, Illinois, Ohio, Florida, and Texas.  The
original Scotty's Brewhouse was opened in Muncie, Indiana in 1996.

Scotty's Holdings, LLC and its affiliates, including Scotty's
Brewhouse, filed voluntary petitions seeking relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Ind. Lead Case No. 18-09243)
on Dec. 11, 2018.  In the petitions signed by Berekk Blackwell,
executive manager, Scotty's Holdings estimated $1 million to $10
million in both assets and liabilities and Scotty's Brewhouse
estimated $100,000 to $500,000 in both assets and liabilities.

Judge Jeffrey J. Graham presides over the cases.  The Debtors hired
Quarles & Brady LLP and Hester Baker Krebs LLC as their legal
counsel.


SHOE SHIELDS: Ch. 11 Trustee Objects to Plan Confirmation
---------------------------------------------------------
Christopher J. Moser, Chapter 11 Trustee, objects to Confirmation
of Amended Chapter 11 Plan of Liquidation Combined with Disclosure
Statement filed by SR Squared, LLC, f/k/a Shoe Shields LLC.

According to the Chapter 11 Trustee, the Disclosure Statement of SR
Squared must be denied for the reason that it fails to provide
"adequate information" as required by Section 1125 of the
Bankruptcy Code.

The Chapter 11 Trustee complains that the Disclosure Statement
fails to discuss any marketing or advertising that SR Squared did
prior to filing a plan to sell the Debtor's assets to the third
party buyer for $100,000.

The Chapter 11 Trustee asserts that SR Squared's Plan is not
proposed in good faith because the plan proponent has "dirty hands"
and is attempting to liquidate the Debtor's and OSR's assets for
pennies on the dollar through a sale under Section 363(f) which
cannot be justified as a reasonable exercise of business judgment
or as being in the best interest of the bankruptcy estate.

The Chapter 11 Trustee points out that the SR Squared's Plan fails
to provide equity owners of both the Debtor and OSR with the
present value of their equity ownership interest.

The Chapter 11 Trustee further points out that the SR Squared's
Plan fails to provide any payment or value to equity interest
holders of either the Debtor or OSR.

Attorneys for the Chapter 11 Trustee:

     Christopher J. Moser, Esq.
     John Paul Stanford, Esq.
     S. Kyle Woodard, Esq.
     QUILLING, SELANDER, LOWNDS,
        WINSLETT & MOSER, P.C.
     2001 Bryan Street, Suite 1800
     Dallas, Texas 75201
     Tel: (214) 871-2100
     Fax: (214) 871-2111
     Email: cmoser@qslwm.com
            jstanford@qslwm.com
            kwoodard@qslwm.com

                      About Shoe Shields

Based in Addison, Texas, OSR Patent LLC filed a voluntary Chapter
11 petition (Bankr. N.D. Tex. Case No. 19-30180) on Jan. 18, 2019.
An affiliate, Shoe Shields LLC, also filed a voluntary Chapter 11
petition (Bankr. N.D. Tex. Case No. 19-03007) on Jan. 24, 2019.

In the petition signed by Sangeeta Rajpal, manager, OSR Patent
estimated $100,001 to $500,000 in assets and $50,001 to $100,000 in
liabilities.  John J. Gitlin, Esq., in Dallas, Texas, serves as
counsel to the Debtors.

On Feb. 13, 2019, an order granting a motion to appoint trustee was
entered by the court.  Christopher J. Moser was thereafter
appointed as the Chapter 11 Trustee of the Debtors' bankruptcy
estate.  The Trustee hired Quilling Selander Lownds Winslett &
Moser, P.C., as counsel.


SLIGO PARKWAY: July 17 Hearing on Disclosure Statement
------------------------------------------------------
The hearing to consider the approval of the Disclosure Statement
explaining the Chapter 11 Plan of Sligo Parkway LLC will be held in
Courtroom 3E of the U.S. Bankruptcy Court, U.S. Courthouse, 6500
Cherrywood Lane, Greenbelt, Maryland 20770 on July 17, 2019 at
11:00 am.

July 8, 2019 is fixed as the last day for filing and serving in
written objections to the Disclosure Statement.

                   About Sligo Parkway

Sligo Parkway listed its business as a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).  It owns a fee simple
interest in a property located at 415 Firestone Drive Silver
Spring, Maryland 20906, valued at $842,204.  The Debtor previously
sought bankruptcy protection on July 9, 2015 (Bankr. D. Md. Case
No. 15-19754).

The Debtor filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 17-20745) Aug. 9, 2017, listing $842,229 in total
assets and $1.12 million in total liabilities.  The petition was
signed by Edward Woody, managing member.

Judge Thomas J. Catliota presides over the case.

Richard S. Basile, Esq., at Richard Basile, Esq., serves as the
Debtor's counsel.


ST. JOSEPH ENERGY: Moody's Affirms Ba3 Rating on Sr. Secured Loans
------------------------------------------------------------------
Moody's Investors Service affirmed the Ba3 rating on St. Joseph
Energy Center, LLC's senior secured credit facilities consisting of
a $423 million Term Loan B, due April 10, 2025, which will be
increased by $21.5 million to $444 million, and $38.9 million
revolving facilities due April 10, 2023. The rating outlook is
stable.

RATINGS RATIONALE

The Ba3 rating reflects its view that the $21.5 million of
incremental debt intended to fund construction costs related to the
Black Start project will not affect the credit profile of SJEC
given the additional anticipated annual ancillary revenues of
nearly $3 million which contemplates a guaranteed rate of return of
12.5%, coupled by the project's stable operating performance to
date. PJM awarded SJEC a 20-year Black Start tariff in December
2018, requiring the construction of fourr 3.9 MW diesel-fired
generating units and the installation of related equipment at the
site. The facility construction is deemed of low complexity and
will be undertaken by an experienced contractor Michiana Power
Partners (a joint venture between Barton Marlow and Sargent & Lundy
LLC), under a date-certain, fixed-price contract, with operations
to be performed by Siemens Energy, Inc and Worley Parsons.

Under management's case, the $21.5 million debt increase will lead
to an expected debt balance at maturity of around $254 million, or
57.2% of the original balance (including all incremental
facilities). By comparison, under Moody's case, debt outstanding at
maturity should remain at around 71.2% of the original balance
(including all incremental facilities), or $316 million, an amount
that is moderately higher than the expected debt at maturity of
about $289 million under Moody's original case. The higher level of
debt at maturity is also affected by the $15 million incremental
facility done in 2018 and the reduced the excess cash flow sweep
feature to 50% from 75% through an amendment completed earlier this
year. Moody's expects forecasted credit metrics to remain in the Ba
to B range (depending on the metric), with debt service coverage
ratio (DSCR) expected to be around 2.0x and cash from operations
(CFO) to debt anticipated to be about 9% on average through
maturity. Debt to EBITDA is expected to stay in the 6.0x range,
near the lower end of the Ba rating category.

The rating is supported by SJEC's position as a new, highly
efficient and competitive combined cycle gas turbine power plant,
which serves as a base load unit in PJM. Despite some initial
start-up issues in the first months of operations, the project's
capacity factor and availability have been in line with forecasted
performance at 89.1% capacity factor and 92.4% availability through
May 2019. The rating factors in the known capacity revenues through
May 2022 derived from past PJM base residual auctions as well as
some transparency into future revenues which collectively provide
almost fourr years of some revenue visibility. The Ba3 rating
further acknowledges the existence of a revenue put which provides
downside protection to the project from weak energy margins.
Together, Fitch calculates that these two sources of revenue
provide around 50% of gross margin in most years. Over the
long-term life of the transaction, its view of the credit profile
factors in the cost competitive position of the asset in a coal
heavy region of PJM providing it with the opportunity for sustained
high capacity factors and meaningful energy margins.

The Ba3 rating is tempered by the project's still limited operating
history, ongoing merchant exposure, with some nodal basis risk
relative to AEP-Dayton Hub, and more expensive fuel relative to
other gas sources in the region, as well as a weaker excess cash
flow sweep feature relative to its single asset PJM-located peers.
While credit metrics are projected to straddle the range associated
with the Ba to B rating categories, market developments, including
the closure of coal-fired generation, should prove favorable for
the Project in the medium term.

OUTLOOK

The stable outlook reflects its assumptions that the Black Start
Project will be constructed on time (target substantial completion
of July 2020), allowing for the receipt of the additional ancillary
revenue source starting late next year, and that SJEC will continue
to experience stable operating performance in 2019, and financial
results will be in line with its expectations.

FACTORS THAT COULD LEAD TO AN UPGRADE

In the event that actual performance, particularly on the energy
margin side appreciably exceeds its current expectations, resulting
in financial performance more in line with management's case of a
DSCR that is greater than 2.5x and an CFO/Debt that is greater than
15%, there could be upward pressure for the rating.

FACTORS THAT COULD LEAD TO A DOWNGRADE

The rating could move down if the project experiences significant
and prolonged operating issues during the start-up or shake-out
period which are either not covered by warranty or insurance or
produce significantly lower than expected cash flow generation and
debt service coverage over the next 12 months. Specifically, if the
DSCR is below 2.0x and the CFO/Debt is below 9% on a sustained
basis, there could be downgrade rating pressure at SJEC.

PROJECT BACKGROUND

SJEC is located in St. Joseph County, Indiana, near the Town of New
Carlisle. The project consists of two Siemens SGT6-5000F(5ee) CTGs,
two Nooter/Eriksen HRSGs, and one Siemens STG with a nameplate
capacity of approximately 709 megawatts. The HRSGs are equipped
with duct burners to supplement plant capacity, subject to permit
fuel throughput restrictions.

The project achieved substantial completion on April 1, 2018, final
completion on November 28, 2018 and was constructed by Kiewit Power
Constructors Co. under a Lump Sum Turnkey Agreement for the
Engineering, Procurement, and Construction (EPC) of SJEC. The CTGs,
HRSGs, and STG are wrapped under the EPC Agreement.

The project's sponsors include two separate funds managed by Ares
EIF Management, LLC for 80% of the equity, with Toyota Tsusho
America Inc. holding the remaining 20%. Both sponsors have
experience in the US power market, in particular through
investments in combined cycle power plants.


STRATOS ENTERPRISES: July 15 Plan Confirmation Hearing
------------------------------------------------------
The disclosure statement explaining the Chapter 11 Plan filed by
Stratos Enterprises, Inc., is conditionally approved.

July 15, 2019 at 10:00 a.m. is fixed for the hearing on final
approval of the disclosure and for the hearing on confirmation of
the plan. The hearing will be held at the Tom Stagg United States
Court House, Fourth Floor, Courtroom Four, Shreveport, Louisiana
71101.

July 8, 2019 is fixed as the last day for filing and serving
written objections to the disclosure statement and confirmation of
the plan.

July 8, 2019 is fixed as the last day for filing written
acceptances or rejections of the plan referred to above.

July 11, 2019 is fixed as the deadline for Debtor to file (i) a
tabulation of ballots accepting or rejecting the plan.

                  About Stratos Enterprises

Stratos Enterprises, Inc., doing business as Boomers School Supply
-- myboomers.net -- located at 2009 Martin Luther King, Jr., Drive
Monroe, LA 71202, is a locally owned and operated company that
operates a store that sells fireworks, school supplies and
inflatable slides.

Stratos Enterprises, Inc., sought Chapter 11 protection (Bankr.
W.D. La. Case No. 18-31276) on Aug. 11, 2018.  In the petition
signed by Farra Shaw, president, the Debtor estimated assets in the
range of $500,000 to $1 million and $1 million to $10 million in
debt.  Judge Jeffrey P. Norman is the case judge.  The Debtor
tapped James W. Spivey, II, Esq., at James W. Spivey II, as
counsel.


SUNPLAY POOLS: WFC to Get Payment from Hot Tub Sale Proceeds
------------------------------------------------------------
Sunplay Pools and Spas Superstore, Inc., filed a Chapter 11 Plan
and accompanying Disclosure Statement.

Class 1 Secured Claim of Wells Fargo Commercial Distribution
Finance (lender in senior position) with collateral value of
$563,036 (based on cash, deposits, inventory, furniture and
fixtures - typical value) and hot tubs are impaired.  After WFC
obtained relief from the automatic stay, the Debtor agreed to sell
13 remaining hot tubs subject to WFC's security interest and to
remit agreed upon sums of monies to WFC with the sale of each hot
tub.  During the chapter 11 case, the Debtor has sold 9 of the 13
hot tubs, has remitted the agreed upon sums of money to WFC and the
Debtor and anticipates selling the remaining of the hot tubs by the
end of year 2019.  The Debtor believes that monies the Debtor has
paid (and will pay) to WFC will most likely pay off the principal
balance owed to WFC and will leave interest (likely to be $5,000 or
more at the time of plan confirmation and WFC’s attorneys' fees,
as allowed, to be paid through the Plan.  The Debtor and WFC shall
continue to operate under the terms of this Court approved
agreement including the payment terms provided for in the
agreement.  After January 1, 2020, and if any hot tubs remain
unsold, then WFC may pick up any remaining hot tubs.

In early June, 2019, the Debtor and Pool Corp and its affiliated
companies reached an agreement under which Pool Corp and its
affiliated companies agreed to extend two small lines of credit to
the Debtor, to alter other terms which had encumbered the Debtor's
ability to purchase goods from Pool Corp. The changes while slight,
will allow the Debtor to obtain product for its Internet customers
quicker and this will help reduce the number of cancellation of
orders and will assist the Debtor's cash flow. Pool Corp also
agreed to abide by the proposed temporary injunction if the Court
issued it. The Debtor intends to seek Court approval of its
agreement with Pool Corp.

This proposed temporary injunction shall apply only as to John
Olson and to Ashley Olson, principals of the Debtor and to no other
person or entity. The proposed temporary injunction is not intended
to apply to former offices, directors or to other guarantors.

Upon entry of the Confirmation Order, all creditors of Debtor shall
be temporarily enjoined, pursuant to 11 U.S.C. Section 105, from
proceeding against any officer, director, shareholder, employee, or
other responsible person of Debtor, individually, or in their
official capacities, for the collection of all or any portion of
their Allowed Claims. This temporary injunction will remain in
effect during the Plan term but in no way shall impede any
proceeding against any third party or guarantor who is not an
officer or managing person of the Debtor at the time of the Plan
was proposed and Plan confirmation for the net amount of any claim
that will not be paid under the Plan.

In the event of any default of the provisions of this Plan, other
than a default covered in the payment of amounts due to be paid on
the Effective Date a creditor or party in interest aggrieved by
such default may provide written notice of default to the
Reorganized Debtor. The notice of default must describe with
specificity the nature of the default alleged and the steps
required to cure such default. The Reorganized Debtor shall have
thirty days after receipt of notice of default to cure such
default. If the Reorganized Debtor does not cure such default
within thirty days after receipt of a notice of default, then a
creditor or party in interest aggrieved by such default may apply
to the Bankruptcy Court to compel compliance with the applicable
provisions of the Plan. The Bankruptcy Court, after notice and a
hearing, shall determine whether a default occurred, and if a
default occurred, whether such default has been cured. Upon finding
a material default, the Bankruptcy Court may issue such orders as
may be appropriate, including an order compelling compliance with
the pertinent provisions of the Plan, dismissing or converting the
chapter 11 case.

Under established case law, the Debtor is retaining an interest in
the Estate and, therefore, 11 U.S.C. Section 1129(b)(2) applies.
Further, the proposed Plan will not return 100% effective date
value to the unsecured class. Therefore, if the unsecured creditor
classes do not vote in favor of the Plan, the Debtor must rely on a
"New Value" exception to the "Absolute Priority Rule" in order for
Olson to retain his Equity Interest.

It is not presently clear if an issue about equity retaining its
interest will arise because all classes may vote to confirm the
Plan. However, if this issue arises, then the Debtor will be
prepared, at the time of confirmation, to provide sufficient
evidence demonstrating that the value of the equity in the Debtor
is $0. The proof will likely include a declaration of a person with
sufficient expertise to opine that an informed investor, with
knowledge of both the plan projections and the projected lack of
net income for the period of plan.

A full-text copy of the First Amended Disclosure Statement dated
June 3, 2019, is available at https://tinyurl.com/y3ey3jr6 from
PacerMonitor.com at no charge.

The Plan was filed by Steven R. Fox, Esq., and W. Sloan
Youkstetter, Esq., at Fox Law Corporation, in Encino, California;
and Jeffrey L. Trousdale, Esq., at Cohne Kinghorn, P.C., in Salt
Lake City, Utah.

                   About SunPlay Pools and Spas
                         Superstore Inc.

Founded in 1967, SunPlay Pools and Spas Superstore, Inc. --
https://www.sunplay.com/ -- operates a retail store offering pool
and spa supplies, equipment, chemicals, parts and services.  It has
been transitioning to serve customers everywhere via its online
sales department at Sunplay.com and HotTubWarehouse.com.

SunPlay Pools and Spas Superstore sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Utah Case No. 18-27417) on
Oct. 4, 2018.  In the petition signed by John A. Olson, president,
the Debtor disclosed $692,093 in assets and $2,571,463 in
liabilities.  Judge Joel T. Marker oversees the case.  The Debtor
tapped The Fox Law Corporation as its lead bankruptcy counsel; and
Cohne Kinghorn, PC, as its local bankruptcy counsel.


TIMBERLAND BUILDERS: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Timberland Builders WI LLC as of June 19,
according to a court docket.
    
                   About Timberland Builders WI

Timberland Builders WI, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Wisc. Case No. 19-11671) on May
17, 2019.  At the time of the filing, the Debtor estimated assets
of less than $50,000 and liabilities of less than $500,000. Nicolet
Law Office, S.C. is the Debtor's counsel.



VERNON MEMORIAL: S&P Cuts Revenue Bond Rating to BB; Outlook Neg.
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BBB-'
on the Wisconsin Health and Educational Facilities Authority's
series 2014 hospital revenue bonds, issued for Vernon Memorial
Hospital (VMH). The outlook is negative.

"The downgrade reflects our view of the hospital's multi-year trend
of declining operating performance, including unbudgeted operating
losses in fiscal 2018 despite modest growth in volume that resulted
in a technical coverage-related default," said S&P Global Ratings
credit analyst Wendy Towber. "The negative outlook reflects our
view of the limited trend of positive interim fiscal 2019 operating
performance, absence of projections for year-end fiscal 2019
results due to ongoing review of accounting processes for interim
reporting by the new chief financial officer and the currently
unresolved technical default," Ms. Towber added.

The rating further reflects S&P's assessment of VMH's:

-- Two consecutive fiscal years of unbudgeted operating losses
resulting in very thin MADS coverage of below 1.0x in fiscal 2018
despite overall growth in volumes;

-- Overall small organizational size and very limited local
service economy with a service area population with a high
dependency on its top 10 admitting physicians; and

-- Reliance on the recently appointed new chief financial officer
(CFO) to establish more robust accounting processes and policies
for consistently producing meaningful interim financials, although
S&P views the new management team favorably.

Partly offsetting the above weaknesses, in S&P's view, are VMH's:

-- Positive interim operating performance year to date in fiscal
2019;

-- Solid liquidity for the rating level with a healthy debt
profile highlighted by a light debt load and debt burden, both of
which compare favorably with similarly rated small hospitals; and

-- Close, though informal, partnership with the larger Gundersen
Health System in La Crosse, affording VMH various benefits of a
larger system such as support for medical staff and physician
recruitment.

Vernon Memorial Healthcare owns and operates the 25-bed Vernon
Memorial Hospital in Viroqua, Wis. The hospital also owns and
operates three community-based residential care facilities, four
provider-based rural physician clinics, and four retail pharmacies.


WILSON LAND: Taps Realtors to Sell Properties
---------------------------------------------
Wilson Land Properties, LLC, filed an amended Chapter 11 Plan and
accompanying Disclosure Statement disclosing that the Debtor
intends to fund the Plan from liquidating all of its assets.

The Debtor intends to sell as much of its real estate as it can
through a local realtor, Michelle Webb.  After one year from
confirmation of the plan, if property is not sold, it will be
auctioned by Thomas Seaman.  Ms. Webb has been a local realtor for
over 22 years and is very familiar with the Lake County market.
The Debtor intends to liquidate the balance as above stated.  The
Debtor intends to engage Thomas Seaman, a licensed auctioneer and
realtor to liquidate those properties. Mr. Seaman is a graduate and
valedictorian of Reppert Auction School in Auburn, Indiana, a
licensed realtor in Ohio and Pennsylvania, a member of the National
Auctioneers Association and a member of the National Association of
Realtors, Ohio Board of Realtors.  Mr. Seaman is exceptionally well
qualified to do the liquidation. Both shall file applications to be
appointed.  The Debtor anticipates filing sale motions for each
property sold with proposed payout plans.

Tax claims shall be paid first and thereafter according to
priority.  The Debtor anticipates no funds will be available after
properties are liquidated but if funds are available, the Debtor
suggests the appointment of Raymond Ondersin, CPA as distribution
agent. The Debtor anticipates that all distributions under that
scenario will be made within 60 days of confirmation.  Once the
properties are liquidated, any party having a secured or priority
claim to the proceeds may file a claim. Any claims disputes shall
be the subject of contested matters or adversary proceedings before
the court.

CLASS FOUR: GENERAL UNSECURED CLAIMS: The Debtor has no general
unsecured claims. However, unsecured claims may result from sales
of property which do not equal the secured claims against that
property.

CLASS ONE: Allowed Secured Claims are impaired. The Debtor's review
of its assets and liabilities compels this conclusion. The Debtor
shows $4,544,610.00 in properties and $43,235,620.00 in secured
claims.

CLASS FIVE: EQUITY. No Class Five Claims have been scheduled and
none will be paid.

A full-text copy of the Disclosure Statement dated June 3, 2019, is
available at https://tinyurl.com/yyexo4ak from PacerMonitor.com at
no charge.

                   About Wilson Land Properties

Based in Mentor, Ohio, Wilson Land Properties, LLC, is the owner of
51 real estate properties having a total estimated value of $4.54
million.  Wilson Land Properties, based in Mentor, OH, filed a
Chapter 11 petition (Bankr. N.D. Ohio Case No. 18-10514) on Jan.
31, 2018.  In the petition signed by Richard M Osborne, managing
member, the Debtor disclosed $4.54 million in assets and $43.23
million in liabilities.  The Hon. Arthur I. Harris oversees the
case.  Glenn E. Forbes, Esq., at Forbes Law LLC, serves as
bankruptcy counsel to the Debtor.


WITISI LLC: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------
The Office of the U.S. Trustee on June 19 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of WITISI, LLC.

                         About WITISI LLC

WITISI, LLC, is a privately held company in Altoona, Pa., in the
electronics and appliance store business.  WITISI sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Pa. Case No.
19-70239) on April 22, 2019.  At the time of the filing, the Debtor
estimated assets of less than $50,000 and liabilities of between $1
million and $10 million.  The case is assigned to Judge Jeffery A.
Deller.  Spence, Custer, Saylor, Wolfe & Rose, LLC is the Debtor's
legal counsel.


[*] Sklar Kirsh LLP Launches New Bankruptcy Practice
----------------------------------------------------
Continuing its significant growth, Sklar Kirsh LLP has added two
seasoned litigators, Ian S. Landsberg and Lisa K. Skaist, to its
litigation practice.  In addition, the firm has launched its new
Bankruptcy practice.

"We are excited to add two high-level litigators to our team and
our clients will greatly benefit from their combined experience,"
said firm Co-Chairman Jeffrey Sklar.  "Ian has a stellar reputation
representing clients in high stakes, complex real estate
litigation, and in addition, has significant expertise in
bankruptcy matters representing debtors in possession, creditors,
landlords and trustees."

Prior to joining Sklar Kirsh, Mr. Landsberg was founding partner of
Landsberg Law APC.  He specializes in complex business and
real-estate litigation and in bankruptcy.  Mr. Landsberg's
bankruptcy practice includes handling secured transactions,
reorganizations, insolvency, bankruptcy litigation, workouts and
creditors' rights.  In addition, Mr. Landsberg represents business
owners, landlords, secured and unsecured creditors, Chapter 11
debtors in possession, financial institutions, and developers of
retail shopping centers, office buildings, industrial complexes,
and high-end luxury homes.

Mr. Landsberg has lectured on litigation, post-judgment remedies,
and bankruptcy issues to several major financial institutions, and
has three published appellate decisions.

Formerly an attorney at Landsberg Law APC, Ms. Skaist is a skilled
business litigator, defending and prosecuting claims including
partnership, fraud, and complex contract disputes.  Her real estate
litigation experience includes handling unlawful detainers, lease
disputes, prescriptive easement rights, breach of purchase and sale
agreements and construction defect claims.  Additionally, Ms.
Skaist has extensive appellate experience in district and state
courts.

Sklar Kirsh LLP -- http://www.SklarKirsh.com/-- is a Los Angeles
boutique law firm that provides sophisticated and expert advice in
the areas of corporate, real estate, entertainment law, and
bankruptcy as well as commercial litigation.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-       Total
                                   Total    Holders'     Working
                                  Assets      Equity     Capital
  Company         Ticker           ($MM)       ($MM)       ($MM)
  -------         ------          ------    --------     -------
ABBVIE INC        ABBV US       56,769.0    (7,826.0)      509.0
ABBVIE INC        4AB GZ        56,769.0    (7,826.0)      509.0
ABBVIE INC        4AB TH        56,769.0    (7,826.0)      509.0
ABBVIE INC        4AB QT        56,769.0    (7,826.0)      509.0
ABBVIE INC        4AB GR        56,769.0    (7,826.0)      509.0
ABBVIE INC        ABBV* MM      56,769.0    (7,826.0)      509.0
ABBVIE INC        ABBV AV       56,769.0    (7,826.0)      509.0
ABBVIE INC        4AB TE        56,769.0    (7,826.0)      509.0
ABBVIE INC        ABBVUSD EU    56,769.0    (7,826.0)      509.0
ABBVIE INC        ABBVEUR EU    56,769.0    (7,826.0)      509.0
ABBVIE INC-BDR    ABBV34 BZ     56,769.0    (7,826.0)      509.0
ABSOLUTE SOFTWRE  ABT CN            93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE  OU1 GR            93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE  ALSWF US          93.0       (51.2)      (30.8)
ABSOLUTE SOFTWRE  ABT2EUR EU        93.0       (51.2)      (30.8)
AGENUS INC        AGEN US          245.9       (85.9)       73.6
AIXIN LIFE INTER  AIXN US            2.1        (3.2)       (4.7)
AMER RESTAUR-LP   ICTPU US          33.5        (4.0)       (6.2)
AMERICA'S CAR-MA  HC9 GR           493.6      (230.9)      387.8
AMERICA'S CAR-MA  CRMT US          493.6      (230.9)      387.8
AMERICA'S CAR-MA  CRMTEUR EU       493.6      (230.9)      387.8
AMERICAN AIRLINE  A1G GZ        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL11EUR EU   60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL AV        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL TE        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  A1G SW        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL1CHF EU    60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  A1G QT        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL US        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL* MM       60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  A1G GR        60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  AAL1USD EU    60,787.0      (636.0)  (11,195.0)
AMERICAN AIRLINE  A1G TH        60,787.0      (636.0)  (11,195.0)
AMERICAN BRIVISI  ABVC US            7.5        (5.5)      (10.9)
AMYRIS INC        3A01 GR          172.8      (174.4)     (111.5)
AMYRIS INC        3A01 TH          172.8      (174.4)     (111.5)
AMYRIS INC        AMRS US          172.8      (174.4)     (111.5)
AMYRIS INC        3A01 QT          172.8      (174.4)     (111.5)
AMYRIS INC        AMRSEUR EU       172.8      (174.4)     (111.5)
AMYRIS INC        AMRSUSD EU       172.8      (174.4)     (111.5)
ATLATSA RESOURCE  ATL SJ           139.6      (285.7)     (326.1)
AUTODESK INC      ADSK US        4,808.5      (245.3)     (798.4)
AUTODESK INC      AUD TH         4,808.5      (245.3)     (798.4)
AUTODESK INC      AUD GR         4,808.5      (245.3)     (798.4)
AUTODESK INC      AUD GZ         4,808.5      (245.3)     (798.4)
AUTODESK INC      ADSK AV        4,808.5      (245.3)     (798.4)
AUTODESK INC      ADSK* MM       4,808.5      (245.3)     (798.4)
AUTODESK INC      AUD QT         4,808.5      (245.3)     (798.4)
AUTODESK INC      ADSKEUR EU     4,808.5      (245.3)     (798.4)
AUTODESK INC      ADSKUSD EU     4,808.5      (245.3)     (798.4)
AUTODESK INC      ADSK TE        4,808.5      (245.3)     (798.4)
AUTOZONE INC      AZ5 GR         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZ5 TH         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZO US         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZOEUR EU      9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZ5 QT         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZO AV         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZ5 TE         9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZO* MM        9,773.7    (1,589.5)     (345.5)
AUTOZONE INC      AZOUSD EU      9,773.7    (1,589.5)     (345.5)
AVID TECHNOLOGY   AVID US          299.7      (167.1)        1.4
AVID TECHNOLOGY   AVD GR           299.7      (167.1)        1.4
AYR STRATEGIES I  AYR/A CN         136.4      (286.0)       (5.6)
AYR STRATEGIES I  CBAQF US         136.4      (286.0)       (5.6)
B RILEY - CL A    BRPM US            0.4        (0.0)       (0.4)
B RILEY PRINCIPA  BRPM/U US          0.4        (0.0)       (0.4)
BENEFITFOCUS INC  BNFT US          341.0       (10.4)      119.3
BENEFITFOCUS INC  BTF GR           341.0       (10.4)      119.3
BENEFITFOCUS INC  BNFTEUR EU       341.0       (10.4)      119.3
BEYONDSPRING INC  BYSI US            7.1        (9.4)      (10.6)
BJ'S WHOLESALE C  BJ US          5,226.7      (148.3)     (330.7)
BJ'S WHOLESALE C  8BJ GR         5,226.7      (148.3)     (330.7)
BJ'S WHOLESALE C  8BJ QT         5,226.7      (148.3)     (330.7)
BLUE BIRD CORP    BLBD US          355.4       (77.6)       (2.7)
BLUELINX HOLDING  BXC US         1,089.7       (18.3)      454.7
BOMBARDIER INC-B  BBDBN MM      26,719.0    (4,100.0)      263.0
BRINKER INTL      BKJ GR         1,264.1      (814.2)     (284.9)
BRINKER INTL      EAT US         1,264.1      (814.2)     (284.9)
BRINKER INTL      BKJ QT         1,264.1      (814.2)     (284.9)
BRINKER INTL      EAT2EUR EU     1,264.1      (814.2)     (284.9)
BRP INC/CA-SUB V  B15A GR        3,358.1      (364.6)     (223.2)
BRP INC/CA-SUB V  DOOO US        3,358.1      (364.6)     (223.2)
BRP INC/CA-SUB V  DOO CN         3,358.1      (364.6)     (223.2)
CADIZ INC         CDZI US           73.9       (81.4)       13.8
CADIZ INC         2ZC GR            73.9       (81.4)       13.8
CANTEX MINE DEV   CD CN              0.9        (4.3)       (4.3)
CATASYS INC       CATS US            7.2       (10.7)       (2.6)
CBDMD INC         YCBD US           94.8       (13.4)       12.3
CDK GLOBAL INC    C2G QT         3,165.8      (475.4)      143.9
CDK GLOBAL INC    CDKUSD EU      3,165.8      (475.4)      143.9
CDK GLOBAL INC    C2G TH         3,165.8      (475.4)      143.9
CDK GLOBAL INC    CDKEUR EU      3,165.8      (475.4)      143.9
CDK GLOBAL INC    C2G GR         3,165.8      (475.4)      143.9
CDK GLOBAL INC    CDK* MM        3,165.8      (475.4)      143.9
CDK GLOBAL INC    CDK US         3,165.8      (475.4)      143.9
CEDAR FAIR LP     FUN US         2,132.5      (109.6)     (108.6)
CEDAR FAIR LP     7CF GR         2,132.5      (109.6)     (108.6)
CHOICE HOTELS     CZH GR         1,173.8      (185.5)      (53.2)
CHOICE HOTELS     CHH US         1,173.8      (185.5)      (53.2)
CINCINNATI BELL   CBBEUR EU      2,649.3      (102.3)     (116.4)
CINCINNATI BELL   CBB US         2,649.3      (102.3)     (116.4)
CINCINNATI BELL   CIB1 GR        2,649.3      (102.3)     (116.4)
CLEAR CHANNEL OU  CCO US         6,325.6    (2,255.8)     (147.2)
CLEAR CHANNEL OU  C7C1 GR        6,325.6    (2,255.8)     (147.2)
CLEAR CHANNEL OU  CCO1EUR EU     6,325.6    (2,255.8)     (147.2)
COGENT COMMUNICA  OGM1 GR          797.0      (164.2)      252.3
COGENT COMMUNICA  CCOI US          797.0      (164.2)      252.3
COHERUS BIOSCIEN  8C5 TH           186.1       (38.5)      117.8
COHERUS BIOSCIEN  CHRSEUR EU       186.1       (38.5)      117.8
COHERUS BIOSCIEN  8C5 QT           186.1       (38.5)      117.8
COHERUS BIOSCIEN  CHRS US          186.1       (38.5)      117.8
COHERUS BIOSCIEN  8C5 GR           186.1       (38.5)      117.8
COHERUS BIOSCIEN  CHRSUSD EU       186.1       (38.5)      117.8
COLGATE-BDR       COLG34 BZ     12,883.0      (210.0)      268.0
COLGATE-CEDEAR    CL AR         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CL EU         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CPA TH        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CLCHF EU      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CLEUR EU      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CL* MM        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CL SW         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CL US         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CPA GR        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CPA GZ        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CLUSD SW      12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CPA QT        12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  CL TE         12,883.0      (210.0)      268.0
COLGATE-PALMOLIV  COLG AV       12,883.0      (210.0)      268.0
COLUMBIA CARE IN  CCHW CN          161.5        (0.9)       (1.9)
COLUMBIA CARE IN  COLXF US         161.5        (0.9)       (1.9)
CURE PHARMACEUTI  CURR US            5.3        (0.2)       (1.8)
CYCLERION THERAP  CYCN US            9.8        (7.8)      (16.5)
DELEK LOGISTICS   DKL US           640.2      (141.9)       (4.8)
DELEK LOGISTICS   D6L GR           640.2      (141.9)       (4.8)
DENNY'S CORP      DENN US          422.3      (140.2)      (50.5)
DENNY'S CORP      DE8 GR           422.3      (140.2)      (50.5)
DENNY'S CORP      DENNEUR EU       422.3      (140.2)      (50.5)
DIEBOLD NIXDORF   DBDEUR EU      4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DBDUSD EU      4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DBD GR         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DBD US         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DLD TH         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DLD QT         4,327.3      (274.7)      482.8
DIEBOLD NIXDORF   DBD SW         4,327.3      (274.7)      482.8
DINE BRANDS GLOB  IHP GR         2,076.1      (190.8)       19.7
DINE BRANDS GLOB  DIN US         2,076.1      (190.8)       19.7
DOLLARAMA INC     DR3 GR         3,417.0      (219.0)       19.9
DOLLARAMA INC     DLMAF US       3,417.0      (219.0)       19.9
DOLLARAMA INC     DOL CN         3,417.0      (219.0)       19.9
DOLLARAMA INC     DOLEUR EU      3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 GZ         3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 TH         3,417.0      (219.0)       19.9
DOLLARAMA INC     DR3 QT         3,417.0      (219.0)       19.9
DOMINO'S PIZZA    EZV GR         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    DPZ US         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    EZV TH         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    EZV QT         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    DPZ AV         1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    DPZ* MM        1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    DPZEUR EU      1,148.3    (2,975.2)      178.5
DOMINO'S PIZZA    DPZUSD EU      1,148.3    (2,975.2)      178.5
DUNKIN' BRANDS G  2DB TH         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G  DNKN US        3,725.4      (691.3)      253.3
DUNKIN' BRANDS G  2DB GR         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G  2DB GZ         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G  2DB QT         3,725.4      (691.3)      253.3
DUNKIN' BRANDS G  DNKNEUR EU     3,725.4      (691.3)      253.3
DUNKIN' BRANDS G  DNKNUSD EU     3,725.4      (691.3)      253.3
EMISPHERE TECH    EMIS US            5.2      (155.3)       (1.4)
EVERI HOLDINGS I  G2C TH         1,632.0       (95.8)        3.3
EVERI HOLDINGS I  G2C GR         1,632.0       (95.8)        3.3
EVERI HOLDINGS I  EVRI US        1,632.0       (95.8)        3.3
EVERI HOLDINGS I  EVRIEUR EU     1,632.0       (95.8)        3.3
EVERI HOLDINGS I  EVRIUSD EU     1,632.0       (95.8)        3.3
EVOFEM BIOSCIENC  EVFM US            3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC  1AQ1 GR            3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC  NEOTEUR EU         3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC  1AQ1 TH            3.2       (28.9)      (30.7)
EVOFEM BIOSCIENC  NEOTUSD EU         3.2       (28.9)      (30.7)
EXELA TECHNOLOGI  XELAU US       1,702.9      (204.3)      (84.6)
FC GLOBAL REALTY  FCRE IT            4.2        (0.6)       (3.2)
FILO MINING CORP  FIL SS            10.9        (5.4)       (5.9)
FORTUNE VALLEY T  FVTI US            0.6        (0.4)       (0.5)
FRONTDOOR IN      FTDREUR EU     1,097.0      (334.0)       (5.0)
FRONTDOOR IN      FTDR US        1,097.0      (334.0)       (5.0)
FRONTDOOR IN      3I5 GR         1,097.0      (334.0)       (5.0)
GOGO INC          GOGO US        1,296.8      (284.0)      220.7
GOGO INC          G0G TH         1,296.8      (284.0)      220.7
GOGO INC          G0G GR         1,296.8      (284.0)      220.7
GOGO INC          G0G QT         1,296.8      (284.0)      220.7
GOGO INC          GOGOUSD EU     1,296.8      (284.0)      220.7
GOGO INC          GOGOEUR EU     1,296.8      (284.0)      220.7
GOOSEHEAD INSU-A  GSHD US           48.4       (31.9)        -
GOOSEHEAD INSU-A  GSHDEUR EU        48.4       (31.9)        -
GOOSEHEAD INSU-A  2OX GR            48.4       (31.9)        -
GRAFTECH INTERNA  EAF US         1,529.7      (881.6)      456.0
GRAFTECH INTERNA  G6G GR         1,529.7      (881.6)      456.0
GRAFTECH INTERNA  EAFEUR EU      1,529.7      (881.6)      456.0
GRAFTECH INTERNA  G6G TH         1,529.7      (881.6)      456.0
GRAFTECH INTERNA  G6G QT         1,529.7      (881.6)      456.0
GRAFTECH INTERNA  EAFUSD EU      1,529.7      (881.6)      456.0
GREEN PLAINS PAR  8GP GR           121.4       (73.4)       (3.0)
GREEN PLAINS PAR  GPP US           121.4       (73.4)       (3.0)
GREENLANE HOLD-A  GNLN US           93.7       (12.7)       28.0
GREENLANE HOLD-A  G67 GR            93.7       (12.7)       28.0
GREENLANE HOLD-A  G67 TH            93.7       (12.7)       28.0
GREENLANE HOLD-A  G67 QT            93.7       (12.7)       28.0
GREENSKY INC-A    GSKY US          832.7       (73.3)      288.2
HANGER INC        HNGR US          752.0       (30.6)       77.2
HCA HEALTHCARE I  2BH TH        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I  HCA US        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I  2BH GR        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I  HCA* MM       43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I  HCAEUR EU     43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I  2BH TE        43,379.0    (2,255.0)      577.0
HCA HEALTHCARE I  HCAUSD EU     43,379.0    (2,255.0)      577.0
HERBALIFE NUTRIT  HLF US         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HOO GR         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HOO GZ         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HLFEUR EU      2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HOO QT         2,982.8      (629.1)      304.0
HERBALIFE NUTRIT  HLFUSD EU      2,982.8      (629.1)      304.0
HEWLETT-CEDEAR    HPQ AR        31,946.0    (1,487.0)   (4,918.0)
HOME DEPOT - BDR  HOME34 BZ     51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD TE         51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDI TH        51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDI GR        51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD US         51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD* MM        51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDI GZ        51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD AV         51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDUSD SW      51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDEUR EU      51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDI QT        51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDCHF EU      51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HDUSD EU      51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD CI         51,515.0    (2,143.0)      880.0
HOME DEPOT INC    HD SW         51,515.0    (2,143.0)      880.0
HOME DEPOT-CED    HDC AR        51,515.0    (2,143.0)      880.0
HOME DEPOT-CED    HD AR         51,515.0    (2,143.0)      880.0
HP COMPANY-BDR    HPQB34 BZ     31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ TE        31,946.0    (1,487.0)   (4,918.0)
HP INC            7HP GR        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ US        31,946.0    (1,487.0)   (4,918.0)
HP INC            7HP TH        31,946.0    (1,487.0)   (4,918.0)
HP INC            7HP GZ        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQEUR EU     31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ* MM       31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQUSD SW     31,946.0    (1,487.0)   (4,918.0)
HP INC            HWP QT        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQCHF EU     31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQUSD EU     31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ CI        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ SW        31,946.0    (1,487.0)   (4,918.0)
HP INC            HPQ AV        31,946.0    (1,487.0)   (4,918.0)
IHEARTMEDIA-CL A  IHTM US       14,286.0   (11,566.1)      650.5
IMMUNOGEN INC     IMGN* MM         323.9       (27.6)      228.4
INSEEGO CORP      INO TH           177.6       (32.6)       33.4
INSEEGO CORP      INO QT           177.6       (32.6)       33.4
INSEEGO CORP      INSG US          177.6       (32.6)       33.4
INSEEGO CORP      INSGEUR EU       177.6       (32.6)       33.4
INSEEGO CORP      INO GR           177.6       (32.6)       33.4
INSEEGO CORP      INO GZ           177.6       (32.6)       33.4
INSEEGO CORP      INSGUSD EU       177.6       (32.6)       33.4
INSPIRED ENTERTA  INSE US          187.7       (13.2)       14.3
INTERCEPT PHARMA  I4P QT           438.3       (55.0)      294.5
INTERCEPT PHARMA  ICPT US          438.3       (55.0)      294.5
INTERCEPT PHARMA  I4P GR           438.3       (55.0)      294.5
INTERCEPT PHARMA  ICPTUSD EU       438.3       (55.0)      294.5
INTERCEPT PHARMA  I4P TH           438.3       (55.0)      294.5
IRONWOOD PHARMAC  I76 TH           363.5      (237.2)       83.3
IRONWOOD PHARMAC  IRWD US          363.5      (237.2)       83.3
IRONWOOD PHARMAC  I76 GR           363.5      (237.2)       83.3
IRONWOOD PHARMAC  I76 QT           363.5      (237.2)       83.3
IRONWOOD PHARMAC  IRWDEUR EU       363.5      (237.2)       83.3
IRONWOOD PHARMAC  IRWDUSD EU       363.5      (237.2)       83.3
ISRAMCO INC       ISRL US          110.9        (3.7)       (8.7)
ISRAMCO INC       IRM GR           110.9        (3.7)       (8.7)
ISRAMCO INC       ISRLEUR EU       110.9        (3.7)       (8.7)
JACK IN THE BOX   JACK US          832.1      (592.5)      (76.8)
JACK IN THE BOX   JBX GR           832.1      (592.5)      (76.8)
JACK IN THE BOX   JBX GZ           832.1      (592.5)      (76.8)
JACK IN THE BOX   JBX QT           832.1      (592.5)      (76.8)
JACK IN THE BOX   JACK1EUR EU      832.1      (592.5)      (76.8)
KIMBERLY-CEDEAR   KMB AR        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLA-BDR  KMBB34 BZ     15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY GR        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY TH        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMB US        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY GZ        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMBEUR EU     15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY QT        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY TE        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMY SW        15,204.0       (18.0)   (1,942.0)
KIMBERLY-CLARK    KMBUSD EU     15,204.0       (18.0)   (1,942.0)
KONTOOR BRAND     3KO TH         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO GR         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     KTBEUR EU      2,385.4     1,579.0     1,143.8
KONTOOR BRAND     KTBUSD EU      2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO QT         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     3KO GZ         2,385.4     1,579.0     1,143.8
KONTOOR BRAND     0A1X LI        2,385.4     1,579.0     1,143.8
KONTOOR BRAND     KTB US         2,385.4     1,579.0     1,143.8
L BRANDS INC      LB US         10,998.0      (898.0)      750.0
L BRANDS INC      LTD TH        10,998.0      (898.0)      750.0
L BRANDS INC      LTD GR        10,998.0      (898.0)      750.0
L BRANDS INC      LBEUR EU      10,998.0      (898.0)      750.0
L BRANDS INC      LB* MM        10,998.0      (898.0)      750.0
L BRANDS INC      LTD QT        10,998.0      (898.0)      750.0
L BRANDS INC      LBRA AV       10,998.0      (898.0)      750.0
L BRANDS INC      LBUSD EU      10,998.0      (898.0)      750.0
LAMB WESTON       LW-WEUR EU     3,111.2       (56.2)      401.4
LAMB WESTON       0L5 GR         3,111.2       (56.2)      401.4
LAMB WESTON       0L5 TH         3,111.2       (56.2)      401.4
LAMB WESTON       0L5 QT         3,111.2       (56.2)      401.4
LAMB WESTON       LW US          3,111.2       (56.2)      401.4
LAMB WESTON       LW* MM         3,111.2       (56.2)      401.4
LAMB WESTON       LW-WUSD EU     3,111.2       (56.2)      401.4
LANDCADIA HOLD-A  LCA US             0.2        (0.0)       (0.3)
LANDCADIA HOLDIN  LCAHU US           0.2        (0.0)       (0.3)
LENNOX INTL INC   LII US         2,105.7      (204.8)      303.5
LENNOX INTL INC   LII1EUR EU     2,105.7      (204.8)      303.5
LENNOX INTL INC   LXI GR         2,105.7      (204.8)      303.5
LENNOX INTL INC   LXI TH         2,105.7      (204.8)      303.5
LENNOX INTL INC   LII1USD EU     2,105.7      (204.8)      303.5
LENNOX INTL INC   LII* MM        2,105.7      (204.8)      303.5
LEXICON PHARMACE  LX31 GR          258.5       (45.7)      118.6
LEXICON PHARMACE  LXRX US          258.5       (45.7)      118.6
LEXICON PHARMACE  LX31 QT          258.5       (45.7)      118.6
LEXICON PHARMACE  LXRXEUR EU       258.5       (45.7)      118.6
LEXICON PHARMACE  LXRXUSD EU       258.5       (45.7)      118.6
MCDONALDS - BDR   MCDC34 BZ     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCD SW        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCD US        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MDO GR        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCD* MM       46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCD TE        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MDO TH        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MDO GZ        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCDEUR EU     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCD AV        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCDUSD SW     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MDO QT        46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCDCHF EU     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCDUSD EU     46,466.6    (6,550.9)    1,584.8
MCDONALDS CORP    MCD CI        46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR  MCD AR        46,466.6    (6,550.9)    1,584.8
MCDONALDS-CEDEAR  MCDC AR       46,466.6    (6,550.9)    1,584.8
MEDICINES COMP    MZN GR           835.9       (75.4)      195.0
MEDICINES COMP    MZN GZ           835.9       (75.4)      195.0
MEDICINES COMP    MDCO US          835.9       (75.4)      195.0
MEDICINES COMP    MZN QT           835.9       (75.4)      195.0
MEDICINES COMP    MZN TH           835.9       (75.4)      195.0
MEDICINES COMP    MDCOUSD EU       835.9       (75.4)      195.0
MICHAELS COS INC  MIK US         3,679.3    (1,587.4)      307.9
MICHAELS COS INC  MIM GR         3,679.3    (1,587.4)      307.9
MOTOROLA SOL-CED  MSI AR         9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MTLA GR        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MOT TE         9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MSI US         9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MTLA TH        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MSI1EUR EU     9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MTLA GZ        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MTLA QT        9,993.0    (1,090.0)      735.0
MOTOROLA SOLUTIO  MSI1USD EU     9,993.0    (1,090.0)      735.0
MSCI INC          MSCI US        3,295.6      (316.5)      457.1
MSCI INC          3HM GR         3,295.6      (316.5)      457.1
MSCI INC          3HM QT         3,295.6      (316.5)      457.1
MSCI INC          MSCI* MM       3,295.6      (316.5)      457.1
MSCI INC          MSCIUSD EU     3,295.6      (316.5)      457.1
MSG NETWORKS- A   MSGN US          844.6      (503.3)      205.5
MSG NETWORKS- A   1M4 GR           844.6      (503.3)      205.5
MSG NETWORKS- A   1M4 QT           844.6      (503.3)      205.5
MSG NETWORKS- A   MSGNEUR EU       844.6      (503.3)      205.5
NATHANS FAMOUS    NATH US           94.3       (70.1)       72.2
NATHANS FAMOUS    NFA GR            94.3       (70.1)       72.2
NATHANS FAMOUS    NATHUSD EU        94.3       (70.1)       72.2
NATHANS FAMOUS    NATHEUR EU        94.3       (70.1)       72.2
NATIONAL CINEMED  NCMI US        1,117.9      (104.7)      111.7
NATIONAL CINEMED  XWM GR         1,117.9      (104.7)      111.7
NATIONAL CINEMED  NCMIEUR EU     1,117.9      (104.7)      111.7
NAVISTAR INTL     IHR TH         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     IHR GZ         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     IHR GR         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     NAV US         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     IHR QT         7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     NAVEUR EU      7,066.0    (3,852.0)    1,393.0
NAVISTAR INTL     NAVUSD EU      7,066.0    (3,852.0)    1,393.0
NEW ENG RLTY-LP   NEN US           243.2       (38.2)        -
NRC GROUP HOLDIN  NRCG US          394.1       (41.4)       51.2
NRG ENERGY        NRA GR         9,530.0    (1,520.0)    1,513.0
NRG ENERGY        NRA TH         9,530.0    (1,520.0)    1,513.0
NRG ENERGY        NRA QT         9,530.0    (1,520.0)    1,513.0
NRG ENERGY        NRGEUR EU      9,530.0    (1,520.0)    1,513.0
NRG ENERGY        NRG US         9,530.0    (1,520.0)    1,513.0
NRG ENERGY        NRG1USD EU     9,530.0    (1,520.0)    1,513.0
OMEROS CORP       OMER US          101.2      (121.0)       32.4
OMEROS CORP       3O8 GR           101.2      (121.0)       32.4
OMEROS CORP       3O8 TH           101.2      (121.0)       32.4
OMEROS CORP       OMEREUR EU       101.2      (121.0)       32.4
OMEROS CORP       OMERUSD EU       101.2      (121.0)       32.4
ONDAS HOLDINGS I  ONDS US            2.8       (20.7)      (17.2)
OPTIVA INC        OPT CN           122.5       (24.0)       18.9
OPTIVA INC        RKNEF US         122.5       (24.0)       18.9
PAPA JOHN'S INTL  PP1 GR           739.1       (56.6)      (19.2)
PAPA JOHN'S INTL  PZZA US          739.1       (56.6)      (19.2)
PAPA JOHN'S INTL  PP1 GZ           739.1       (56.6)      (19.2)
PAPA JOHN'S INTL  PZZAEUR EU       739.1       (56.6)      (19.2)
PHILIP MORRI-BDR  PHMO34 BZ     38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PM1 EU        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  4I1 GR        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PM US         38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PM1CHF EU     38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PM1 TE        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  4I1 TH        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PM1EUR EU     38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PMI SW        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  4I1 GZ        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PMIZ EB       38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PMIZ IX       38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  4I1 QT        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PM* MM        38,042.0   (10,185.0)   (2,745.0)
PHILIP MORRIS IN  PMOR AV       38,042.0   (10,185.0)   (2,745.0)
PLANET FITNESS-A  3PL TH         1,509.6      (354.0)      283.0
PLANET FITNESS-A  3PL GR         1,509.6      (354.0)      283.0
PLANET FITNESS-A  PLNT1EUR EU    1,509.6      (354.0)      283.0
PLANET FITNESS-A  3PL QT         1,509.6      (354.0)      283.0
PLANET FITNESS-A  PLNT US        1,509.6      (354.0)      283.0
PLANET FITNESS-A  PLNT1USD EU    1,509.6      (354.0)      283.0
PRIORITY TECHNOL  PRTH US          472.1       (85.1)       11.7
PURPLE INNOVATIO  PRPL US           84.4        (2.7)       13.4
REATA PHARMACE-A  RETAEUR EU       331.3        (4.6)      256.3
REATA PHARMACE-A  RETA US          331.3        (4.6)      256.3
REATA PHARMACE-A  2R3 GR           331.3        (4.6)      256.3
RECRO PHARMA INC  REPH US          181.0       (19.0)       68.1
RECRO PHARMA INC  RAH GR           181.0       (19.0)       68.1
REVLON INC-A      RVL1 GR        3,041.7    (1,132.2)        9.3
REVLON INC-A      RVL1 TH        3,041.7    (1,132.2)        9.3
REVLON INC-A      REVEUR EU      3,041.7    (1,132.2)        9.3
REVLON INC-A      REV US         3,041.7    (1,132.2)        9.3
REVLON INC-A      REVUSD EU      3,041.7    (1,132.2)        9.3
RH                RH US          2,545.8      (247.4)     (189.5)
RH                RHEUR EU       2,545.8      (247.4)     (189.5)
RH                RS1 GR         2,545.8      (247.4)     (189.5)
RH                RH* MM         2,545.8      (247.4)     (189.5)
RIMINI STREET IN  RMNI US          124.2      (135.8)     (110.6)
ROSETTA STONE IN  RS8 GR           174.8        (9.8)      (71.6)
ROSETTA STONE IN  RST US           174.8        (9.8)      (71.6)
ROSETTA STONE IN  RST1EUR EU       174.8        (9.8)      (71.6)
SALLY BEAUTY HOL  S7V GR         2,092.6      (145.1)      753.4
SALLY BEAUTY HOL  SBH US         2,092.6      (145.1)      753.4
SALLY BEAUTY HOL  SBHEUR EU      2,092.6      (145.1)      753.4
SBA COMM CORP     4SB GR         9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     SBAC US        9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     4SB GZ         9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     SBACEUR EU     9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     SBJ TH         9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     SBAC* MM       9,312.8    (3,302.8)   (1,104.1)
SBA COMM CORP     SBACUSD EU     9,312.8    (3,302.8)   (1,104.1)
SCIENTIFIC GAMES  SGMS US        8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES  SGMSUSD EU     8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES  TJW GR         8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES  TJW TH         8,837.0    (2,423.0)      660.0
SCIENTIFIC GAMES  TJW GZ         8,837.0    (2,423.0)      660.0
SEALED AIR CORP   SDA GR         5,155.0      (292.4)       74.1
SEALED AIR CORP   SEE US         5,155.0      (292.4)       74.1
SEALED AIR CORP   SDA TH         5,155.0      (292.4)       74.1
SEALED AIR CORP   SDA QT         5,155.0      (292.4)       74.1
SEALED AIR CORP   SEE1EUR EU     5,155.0      (292.4)       74.1
SHELL MIDSTREAM   49M GR         1,915.0      (254.0)      246.0
SHELL MIDSTREAM   49M TH         1,915.0      (254.0)      246.0
SHELL MIDSTREAM   SHLXUSD EU     1,915.0      (254.0)      246.0
SHELL MIDSTREAM   SHLX US        1,915.0      (254.0)      246.0
SILK ROAD MEDICA  SILK US           38.7       (52.8)       18.3
SILK ROAD MEDICA  2OW GR            38.7       (52.8)       18.3
SILK ROAD MEDICA  2OW GZ            38.7       (52.8)       18.3
SILK ROAD MEDICA  SILKEUR EU        38.7       (52.8)       18.3
SILK ROAD MEDICA  2OW TH            38.7       (52.8)       18.3
SILK ROAD MEDICA  SILKUSD EU        38.7       (52.8)       18.3
SINO UNITED WORL  SUIC US            0.1        (0.1)       (0.1)
SIX FLAGS ENTERT  6FE GR         2,724.9      (239.9)     (308.6)
SIX FLAGS ENTERT  SIX US         2,724.9      (239.9)     (308.6)
SIX FLAGS ENTERT  SIXEUR EU      2,724.9      (239.9)     (308.6)
SLEEP NUMBER COR  SL2 GR           770.7      (124.6)     (399.8)
SLEEP NUMBER COR  SNBR US          770.7      (124.6)     (399.8)
SLEEP NUMBER COR  SNBREUR EU       770.7      (124.6)     (399.8)
STARBUCKS CORP    SRB GR        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SRB TH        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX* MM      17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX US       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SRB GZ        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX AV       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX TE       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUXEUR EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUXUSD SW    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUXUSD EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SRB QT        17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUXCHF EU    17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX CI       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX IM       17,641.9    (5,035.2)     (321.1)
STARBUCKS CORP    SBUX SW       17,641.9    (5,035.2)     (321.1)
STARBUCKS-BDR     SBUB34 BZ     17,641.9    (5,035.2)     (321.1)
STARBUCKS-CEDEAR  SBUX AR       17,641.9    (5,035.2)     (321.1)
STEALTH BIOTHERA  S1BA GR           15.5      (175.3)      (27.3)
STEALTH BIOTHERA  MITO US           15.5      (175.3)      (27.3)
SUNPOWER CORP     S9P2 GR        2,307.7      (221.5)      190.3
SUNPOWER CORP     S9P2 TH        2,307.7      (221.5)      190.3
SUNPOWER CORP     SPWR US        2,307.7      (221.5)      190.3
SUNPOWER CORP     S9P2 QT        2,307.7      (221.5)      190.3
SUNPOWER CORP     S9P2 SW        2,307.7      (221.5)      190.3
SUNPOWER CORP     SPWREUR EU     2,307.7      (221.5)      190.3
SUNPOWER CORP     SPWRUSD EU     2,307.7      (221.5)      190.3
TAILORED BRANDS   TLRD US        2,765.5        (4.0)      291.4
TAILORED BRANDS   WRM GR         2,765.5        (4.0)      291.4
TAILORED BRANDS   TLRD* MM       2,765.5        (4.0)      291.4
TAILORED BRANDS   TLRDEUR EU     2,765.5        (4.0)      291.4
TAILORED BRANDS   WRM TH         2,765.5        (4.0)      291.4
TAILORED BRANDS   TLRDUSD EU     2,765.5        (4.0)      291.4
TAUBMAN CENTERS   TU8 GR         4,451.4      (331.9)        -
TAUBMAN CENTERS   TCO US         4,451.4      (331.9)        -
TRANSDIGM GROUP   TDG US        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP   T7D GR        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP   TDG* MM       17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP   T7D QT        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP   TDGEUR EU     17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP   T7D TH        17,797.2    (1,482.2)    3,869.3
TRANSDIGM GROUP   TDGUSD EU     17,797.2    (1,482.2)    3,869.3
TRANSMEDICS GROU  TMDX US           38.8       (12.5)       13.9
TRIUMPH GROUP     TG7 GR         2,854.6      (573.3)      265.8
TRIUMPH GROUP     TGI US         2,854.6      (573.3)      265.8
TRIUMPH GROUP     TGIEUR EU      2,854.6      (573.3)      265.8
TUPPERWARE BRAND  TUP GR         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP US         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP GZ         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP1EUR EU     1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP TH         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP QT         1,438.8      (184.0)     (141.3)
TUPPERWARE BRAND  TUP1USD EU     1,438.8      (184.0)     (141.3)
UNISYS CORP       USY1 TH        2,484.5    (1,282.5)      345.4
UNISYS CORP       USY1 GR        2,484.5    (1,282.5)      345.4
UNISYS CORP       UIS US         2,484.5    (1,282.5)      345.4
UNISYS CORP       UIS1 SW        2,484.5    (1,282.5)      345.4
UNISYS CORP       UISEUR EU      2,484.5    (1,282.5)      345.4
UNISYS CORP       UISCHF EU      2,484.5    (1,282.5)      345.4
UNISYS CORP       USY1 GZ        2,484.5    (1,282.5)      345.4
UNISYS CORP       USY1 QT        2,484.5    (1,282.5)      345.4
UNISYS CORP       UIS EU         2,484.5    (1,282.5)      345.4
UNITI GROUP INC   UNIT US        4,697.3    (1,463.5)        -
UNITI GROUP INC   8XC GR         4,697.3    (1,463.5)        -
UNITI GROUP INC   8XC TH         4,697.3    (1,463.5)        -
UNITI GROUP INC   CSALUSD EU     4,697.3    (1,463.5)        -
VALVOLINE INC     0V4 GR         1,914.0      (298.0)      343.0
VALVOLINE INC     0V4 TH         1,914.0      (298.0)      343.0
VALVOLINE INC     VVVEUR EU      1,914.0      (298.0)      343.0
VALVOLINE INC     0V4 QT         1,914.0      (298.0)      343.0
VALVOLINE INC     VVV US         1,914.0      (298.0)      343.0
VALVOLINE INC     VVVUSD EU      1,914.0      (298.0)      343.0
VANTAGE DRILL-UT  VTGGF US       1,107.9      (112.5)      228.5
VECTOR GROUP LTD  VGR US         1,429.2      (590.1)      324.7
VECTOR GROUP LTD  VGR GR         1,429.2      (590.1)      324.7
VECTOR GROUP LTD  VGR QT         1,429.2      (590.1)      324.7
VECTOR GROUP LTD  VGREUR EU      1,429.2      (590.1)      324.7
VECTOR GROUP LTD  VGRUSD EU      1,429.2      (590.1)      324.7
VERISIGN INC      VRS GR         1,919.7    (1,406.1)      374.0
VERISIGN INC      VRSN US        1,919.7    (1,406.1)      374.0
VERISIGN INC      VRS TH         1,919.7    (1,406.1)      374.0
VERISIGN INC      VRS GZ         1,919.7    (1,406.1)      374.0
VERISIGN INC      VRSNEUR EU     1,919.7    (1,406.1)      374.0
VERISIGN INC      VRS QT         1,919.7    (1,406.1)      374.0
VERISIGN INC      VRSN* MM       1,919.7    (1,406.1)      374.0
VERISIGN INC      VRSNUSD EU     1,919.7    (1,406.1)      374.0
VERISIGN INC      VRS SW         1,919.7    (1,406.1)      374.0
W&T OFFSHORE INC  UWV GR           842.5      (372.6)       14.6
W&T OFFSHORE INC  UWV TH           842.5      (372.6)       14.6
W&T OFFSHORE INC  WTI US           842.5      (372.6)       14.6
W&T OFFSHORE INC  WTI1EUR EU       842.5      (372.6)       14.6
W&T OFFSHORE INC  WTI1USD EU       842.5      (372.6)       14.6
WAYFAIR INC- A    W US           2,113.9      (479.1)     (112.0)
WAYFAIR INC- A    1WF QT         2,113.9      (479.1)     (112.0)
WAYFAIR INC- A    1WF GR         2,113.9      (479.1)     (112.0)
WAYFAIR INC- A    WEUR EU        2,113.9      (479.1)     (112.0)
WEIGHT WATCHERS   WW6 GR         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW US          1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW6 GZ         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WTWEUR EU      1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW6 QT         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WTWUSD EU      1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WW6 TH         1,526.2      (815.1)      (44.7)
WEIGHT WATCHERS   WTW AV         1,526.2      (815.1)      (44.7)
WESTERN UNIO-BDR  WUNI34 BZ      9,432.0      (374.2)      190.9
WESTERN UNION     W3U TH         9,432.0      (374.2)      190.9
WESTERN UNION     WU* MM         9,432.0      (374.2)      190.9
WESTERN UNION     W3U GR         9,432.0      (374.2)      190.9
WESTERN UNION     WU US          9,432.0      (374.2)      190.9
WESTERN UNION     WUEUR EU       9,432.0      (374.2)      190.9
WESTERN UNION     W3U GZ         9,432.0      (374.2)      190.9
WESTERN UNION     W3U QT         9,432.0      (374.2)      190.9
WESTERN UNION     WUUSD EU       9,432.0      (374.2)      190.9
WIDEOPENWEST INC  WOW US         2,462.2      (284.2)      (97.6)
WIDEOPENWEST INC  WU5 GR         2,462.2      (284.2)      (97.6)
WIDEOPENWEST INC  WOW1EUR EU     2,462.2      (284.2)      (97.6)
WIDEOPENWEST INC  WU5 QT         2,462.2      (284.2)      (97.6)
WINGSTOP INC      WING US          151.5      (220.5)        5.4
WINGSTOP INC      EWG GR           151.5      (220.5)        5.4
WINGSTOP INC      WING1EUR EU      151.5      (220.5)        5.4
WINMARK CORP      WINA US           46.8       (21.5)        6.9
WINMARK CORP      GBZ GR            46.8       (21.5)        6.9
WYNDHAM DESTINAT  WD5 TH         7,370.0      (584.0)      525.0
WYNDHAM DESTINAT  WYND US        7,370.0      (584.0)      525.0
WYNDHAM DESTINAT  WD5 QT         7,370.0      (584.0)      525.0
WYNDHAM DESTINAT  WYNEUR EU      7,370.0      (584.0)      525.0
WYNDHAM DESTINAT  WD5 GR         7,370.0      (584.0)      525.0
YELLOW PAGES LTD  Y CN             418.5      (106.1)       82.7
YELLOW PAGES LTD  YLWDF US         418.5      (106.1)       82.7
YUM! BRANDS INC   TGR TH         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   TGR GR         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUM US         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   TGR GZ         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUMUSD SW      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUMUSD EU      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUMEUR EU      4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   TGR QT         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUM SW         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUM AV         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   TGR TE         4,744.0    (7,904.0)     (141.0)
YUM! BRANDS INC   YUM* MM        4,744.0    (7,904.0)     (141.0)



                            *********

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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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***