/raid1/www/Hosts/bankrupt/TCR_Public/191210.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, December 10, 2019, Vol. 23, No. 343

                            Headlines

1/0 TECHNOLOGY CORP: Hires Kirby Aisner as Attorney
305 EAST 61ST: Hires SilvermanAcampora LLP as Counsel
A MERRYLAND OPERATING: Hires Kirby Aisner & Curley as Counsel
ABE'S BOAT: Seeks More Time to File Amended Chapter 11 Plan
ACADIAN CYPRESS: Court to Hold Hearing Today on Property Sale

BAY CIRCLE: Court Denies Sale of Gwinnett Property
BELLE CREOLE: Hearing on Asset Sale Set for Dec. 17
BON WORTH: Gets Court Approval to Sell Most Assets
CELADON GROUP: Case Summary & 50 Largest Unsecured Creditors
CELADON GROUP: Files Ch.11 Amid Accounting Scandal, Shutters Biz

CHARLOTTE RUSSE: Asks Court to Extend Exclusivity Period to March 2
CHICAGO, IL: Moody's Affirms Ba1 on $250MM Motor Fuel Tax Bonds
CHICAGO, IL: Moody's Affirms Ba1 on $4.7BB General Obligation Debt
CHS/COMMUNITY HEALTH: Fitch Raises Issuer Default Rating to CCC
CLEARWAY ENERGY: S&P Rates $600MM Senior Unsecured Notes 'BB'

CLEVELAND-CLIFFS INC: S&P Puts 'B+' ICR on CreditWatch Negative
CLU AMBOY: Unsecureds' Recovery to Depend on Avoidance Suits
CORSAIR GROUP: S&P Affirms 'B' ICR on Modest Increase in Leverage
CRYOLIFE INC: S&P Alters Outlook to Stable, Affirms 'B' ICR
CTE 1 LLC: Hires Mr. Agran of Carl Marks Advisory as CRO

DESTINATION MATERNITY: Auction Canceled; Marquee to Buy Assets
DESTINATION MATERNITY: Hires Greenhill & Co. as Investment Banker
DESTINATION MATERNITY: Hires Mr. Duffy of Berkeley as CRO
DESTINATION MATERNITY: Seeks to Hire Kirkland & Ellis as Attorney
DESTINATION MATERNITY: Seeks to Hire KPMG LLP as Tax Consultant

DESTINATION MATERNITY: Taps Prime Clerk as Administrative Advisor
DYCOM INDUSTRIES: S&P Rates New $300MM Unsecured Notes 'BB'
EAGLE CORP: $1M Sale of Lease Interest, Equipment to Feenix OK'd
EMG UTICA: Moody's Withdraws B1 CFR on Full Term Loan Repayment
FTD COMPANIES: Seeks to Extend Exclusivity Period to Jan. 31

GATEWAY RADIOLOGY: Philips Says Plan Not Feasible
GCX LIMITED: White & Case and Farnan Represent Noteholder Group
GLOBAL CLOUD: Bankruptcy Court Confirms Plan of Reorganization
GTS REAL PROPERTIES: Hires Sentry Homes as Real Estate Broker
GYPSUM RESOURCES: Hires Castle Placement as Investment Banker

IPIC-GOLD CLASS: Seeks to Extend Exclusivity Period to April 1
ISTAR INC: Fitch to Rate Proposed $500MM Sr. Unsec. Notes 'BB'
J.CREW GROUP: Incurs $19.9 Million Net Loss in Third Quarter
JIMIE OWSLEY: Court Approves $700K Sale of Las Vegas Property
LI GROUP: Moody's Assigns B2 CFR, Outlook Stable

M.W.CA ORLANDO: Says Unsecured Creditors to Recover 100%
MARKET STREET: Court Confirms Plan of Reorganization
MCP REAL ESTATE: Plan Outline Conditionally Approved
NET ELEMENT: Reports $1 Million Net Loss for Third Quarter
NOSCE TE IPSUM: Asks Court to Extend Exclusivity Period to April 6

PALM BEACH BRAIN: Seeks to Extend Exclusivity Period to March 11
PATRIOT CONTAINER: Moody's Alters Outlook on B2 CFR to Stable
PAUL LOGSDON: Dec. 12 Disclosure Statement Hearing Set
PCT INT'L: Seeks to Convert Involuntary Petition to Chapter 11
PES HOLDINGS: Court Okays Bidding Process; Auction Set for Jan. 17

PHILMONT AVENUE: Seeks to Hire Bielli & Klauder as Counsel
PLYMOUTH PLACE: Fitch Affirms BB+ on 2013 & 2015 Revenue Bonds
PURDUE PHARMA: Schulte Roth Represents Hospital Group
RICKY TUCKER: Court Approves $1.15M Sale of Tifton Property
RUBY'S DINER: Seeks to Extend Solicitation Period to Feb. 28

RUSSELL INVESTMENTS: Fitch Withdraws 'BB' LongTerm IDR
SCHRAD LTD: New Mill Capital Approved as Auctioneer
SEARS HOLDING: Asian Vendor Appeals Ruling on Admin. Claim
SILVER CREEK: Exclusivity Period Extended to Feb. 6
SOUTH COAST BEHAVIORAL: JS Yung Approved as Tax & Business Advisor

STANDARD RUBBER: Exclusivity Period Extended Until March 27
TATUADO HOSPITALITY: Taps Andersen Law Firm as Counsel
THERXSERVICES INC: Seeks to Hire Buddy D. Ford as Counsel
TRI-CORE PARTNERS: Seeks to Extend Exclusivity Period to Feb. 22
UNIVERSAL FIBER: Moody's Alters Outlook on B3 CFR to Negative

USA DRILLING: Court Approves Private Sale of Cumberland Property
VERINT SYSTEMS: Moody's Reviews Ba2 CFR for Downgrade
VIRGINIA TRUE: Exclusivity Period Extended to Dec. 31
WALKER COUNTY HOSPITAL: Auction Set for Dec. 18
WEST COAST DISTRIBUTION: Auction of Assets Set for Dec. 11

WJ EXPRESS: Hires Wampler & Pierce as Bankruptcy Attorney
[*] Bankruptcy Attorney Michelle Labayen Opens New Office in Miami
[*] MACCO Restructuring Group Unveils Additions to Team
[*] Wofford to Enter American College of Bankruptcy as Fellow
[^] Large Companies with Insolvent Balance Sheet


                            *********

1/0 TECHNOLOGY CORP: Hires Kirby Aisner as Attorney
---------------------------------------------------
1/0 Technology Corp., seeks authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ Kirby Aisner
& Curley LLP, as attorney to the Debtor.

1/0 Technology Corp. requires Kirby Aisner to:

   a. advise Debtor of its powers and duties in the continued
      management of its property and affairs;

   b. negotiate with creditors in the preparation of a plan of
      reorganization and take the necessary legal steps in order
      to effectuate the plan;

   c. prepare the necessary answers, orders, reports and other
      legal papers required for the Debtor's protection from
      their creditors under Chapter 11 of the Bankruptcy Code;

   d. appear before the Bankruptcy Court to protect the interest
      of the Debtor and to represent the Debtor in all matters
      pending before the Court;

   e. attend meetings and negotiate with representatives of
      creditors;

   f. advise the Debtor in connection with any potential sale of
      its business;

   g. represent the Debtor in connection with obtaining post-
      petition financing, if necessary;

   h. take any necessary action to obtain approval of a
      disclosure statement(s) and confirmation of a plan(s) of
      reorganization; and

   i. perform all other legal services for the Debtor which may
      be necessary for the preservation of the Debtor's estate
      and to promote the best interests of the Debtor, its
      creditors and its estate.

Kirby Aisner will be paid at these hourly rates:

         Attorneys                $425 to $525
         Paraprofessionals            $150

Kirby Aisner will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Erica R. Aisner, a partner at Kirby Aisner, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Kirby Aisner can be reached at:

     Erica R. Aisner, Esq.
     KIRBY AISNER & CURLEY LLP
     700 Post Road, Suite 237
     Scarsdale, NY 10583
     Tel: (914) 401-9500
     E-mail: dkirby@kacllp.com

                    About 1/0 Technology Corp.

1/0 Technology Corp. filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 19-23909) on Oct. 29, 2019, estimating under $1
million in both assets and liabilities.  The Debtor is represented
by Kirby Aisner & Curley, LLP.


305 EAST 61ST: Hires SilvermanAcampora LLP as Counsel
-----------------------------------------------------
Kenneth P. Silverman, the Chapter 11 Trustee of 305 East 61st
Street Group, LLC, seeks authority from the U.S. Bankruptcy Court
for the Southern District of New York to employ SilvermanAcampora
LLP, as counsel to the Trustee.

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

The firm will charge these hourly rates:

     Paraprofessionals          $150 to $210
     Attorneys                  $210 to $695

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

The firm can be reached through:

     Anthony C. Acampora, Esq.
     SILVERMANACAMPORA LLP
     100 Jericho Quadrangle, Suite 300
     Jericho, New York 11753
     Tel: (516) 479-6300
     E-mail: TheFirm@SilvermanAcampora.com

               About 305 East 61st Street Group

Based in New York, 305 East 61st Street Group LLC, a Single Asset
Real Estate (as defined in 11 U.S.C. Section 101(51B)), filed a
voluntary Chapter 11 petition (Bankr. S.D.N.Y. Case No.19-11911) on
June 10, 2019.  At the time of filing, the Debtor was estimated to
have assets and debt of $10 million to $50 million.  The case is
assigned to Hon. Sean H. Lane.  The Debtor's counsel is Robert J.
Spence, Esq., at Spence Law Office, P.C., in Roslyn, New York.  The
Debtor's accountant is Singer & Falk.



A MERRYLAND OPERATING: Hires Kirby Aisner & Curley as Counsel
-------------------------------------------------------------
A Merryland Operating LLC, by its managing member, Lidiya
Leshchinsky, sought and obtained permission from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Kirby Aisner & Curley LLP, as its attorneys.

The Debtor needs Kirby Aisner to perform these tasks:

a.  advise the Debtor with respect to its power and duty as
Debtor-in-Possession and the continued management of its property
and affairs;

b.  negotiate with creditors of the Debtor and work out a plan of
reorganization and take the necessary legal steps in order to
effectuate such a plan including, if need be, negotiations with the
creditors and other parties in interest;

c.  prepare the necessary answers, orders, reports and other legal
papers required for the Debtor who seeks protection from its
creditors under Chapter 11 of the Bankruptcy Code;

d.  appear before the Bankruptcy Court to protect the interest of
the Debtor and to represent the Debtor in all matters pending
before the Court;

e.  attend meetings and negotiate with representatives of creditors
and other parties-in-interest;

f.  advise the Debtor in connection with any potential refinancing
of secured debt and any potential sale of the business and its
assets;

g.  represent the Debtor in connection with obtaining post-petition
financing.

h.  take any necessary action to obtain approval of a disclosure
statement and confirmation of a plan of reorganization; and

i.  perform all other legal services for the Debtor which may be
necessary for the preservation of the Debtors’ estate and to
promote the best interests of the Debtors, their creditors and
their estate.

KAC's billing rates for 2019 are: Partners at $425 - $525 per hour;
Of Counsel at $350 per hour; and Paralegals at $150 per hour.

KAC attests that its attorneys have no connection nor hold nor
represent any interests adverse to the Debtor, the Debtor's estate,
its creditors, or any other party in interest or their respective
attorneys or professionals in matters relating to the Debtor and
its estate.

                     About A Merryland Operating

A Merryland Operating LLC filed a voluntary Chapter 11 petition
(Bankr. E.D. NY Case No. 19-46475) on October 28, 2019, and is
represented by Dawn Kirby, Esq., at Kirby Aisner & Curley LLP.  The
Debtor disclosed under $1 million in estimated assets and
liabilities.



ABE'S BOAT: Seeks More Time to File Amended Chapter 11 Plan
-----------------------------------------------------------
Abe's Boat Rentals, Inc. asked the U.S. Bankruptcy Court for the
Eastern District of Louisiana to move the deadline for the company
to file its amended Chapter 11 reorganization plan and disclosure
statement to Dec. 16.

The company and the original plan sponsor, John Sercovich,
anticipate filing an amended plan shortly but need additional time
for negotiations and due diligence.

Abe's Boat's disclosure statement and plan were filed on Aug. 31,
2018.

                   About Abe's Boat Rentals

Abe's Boat Rentals, Inc. -- https://www.abesboatrental.com/ -- is a
privately-owned vessel operator located in Belle Chasse, La., with
a fleet of 19 vessels.  Its business segments have expanded to also
provide crews and vessels for environmental construction,
restoration projects and cleanup, plugging and abandonment, rig
decommissioning, and other new markets. The company was founded in
1979 by Abraham Ton.

Abe's Boat Rentals filed a Chapter 11 petition (Bankr. E.D. La.
Case No. 18-11102) on April 27, 2018.  In the petition signed by
Hank Ton, president, the Debtor estimated $1 million to $10 million
in assets and liabilities.  Congeni Law Firm, LLC, is the Debtor's
legal counsel.


ACADIAN CYPRESS: Court to Hold Hearing Today on Property Sale
-------------------------------------------------------------
Judge Jerry Brown of the U.S. Bankruptcy Court for the Eastern
District of Louisiana will hold a hearing today, at 10:30 a.m., to
consider the sale of Acadian Cypress & Hardwoods, Inc.'s real
properties.

Acadian Cypress has proposed to sell its 3.12-acre real property in
Ponchatoula, La., to Strengthening Outcomes with Autism Resources
for $268,266; and a 2.78-acre in Ponchatoula, La., to Mark Freeman
for $230,305.

                       About Acadian Cypress

Acadian Cypress & Hardwoods, Inc., --
http://www.acadianhardwoods.net/-- manufactures lumber, plywood,
siding, shingles, flooring, fencing, and molding profiles.  The
Debtor sought Chapter 11 protection (Bankr. E.D. La. Case No.
19-12205) on April 15, 2019.  In the petition signed by Frank
Vallot, president, the Debtor was estimated to have assets and
liabilities at $1
million to $10 million.  Judge Jerry A. Brown is the case judge.
Heller, Draper, Patrick, Horn & Manthey, LLC is the Debtor's
counsel.


BAY CIRCLE: Court Denies Sale of Gwinnett Property
--------------------------------------------------
Judge Wendy Hagenau of the U.S. Bankruptcy Court for the Northern
District of Georgia denied as moot the motion filed by Bay Circle
Properties, LLC's Chapter 11 trustee to sell the company's real
property in Gwinnett County, Ga., to Century Communities of
Georgia, LLC.

Bay Circle's legal counsel previously announced that the motion is
already moot following expiration of the contract at issue in the
motion.

                  About Bay Circle Properties

Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf
Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16
different real properties including significant undeveloped
acreage.  The properties also include office and warehouse
buildings, retail shopping centers and free standing single tenant
buildings.

Bay Circle Properties, et al., filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Ga. Case Nos. 15-58440 to 15-58444) on May
4, 2015.  The Chapter 11 cases are jointly administered.  In the
petition signed by Chuck Thakkar, manager, Bay Circle estimated $1
million to $10 million in assets and liabilities.

The Debtors tapped John A. Christy, Esq., J. Carole Thompson
Hord,Esq., and Jonathan A. Akins, Esq., at Schreeder, Wheeler &
Flint, LLP, as bankruptcy attorneys.  The Debtors engaged RG Real
Estate, Inc., as real estate broker.

Ronald L. Glass was appointed as Chapter 11 trustee for the Debtor.
The trustee tapped Morris, Manning & Martin, LLP as his bankruptcy
counsel; GlassRatner Advisory & Capital Group, LLC as his financial
advisor; and Nelson Mullins Riley & Scarborough LLP as special
counsel.


BELLE CREOLE: Hearing on Asset Sale Set for Dec. 17
---------------------------------------------------
Judge Edward Coleman, III of the U.S. Bankruptcy Court for the
Southern District of Georgia is set to hold a hearing on Dec. 17,
at 10:00 a.m., to consider the sale of assets used to operate Belle
Creole, LLC's retail tire business in Bulloch County, Ga.

The company has proposed to sell the assets to a certain Tabatha
Anderson for $360,000 "free and clear of liens and encumbrances,"
according to court filings.

The deadline to object to the sale is Dec. 13.  Any creditor
claiming a lien on the property must appear at the hearing with
records sufficient to document its claim.

           About Belle Creole LLC

Belle Creole LLC, which conducts business under the name Nevil Tire
-- https://neviltire.com -- is a full-service shop that specializes
in tires, alignments, brakes and front end work.  It also does oil
and fluid exchanges.  The company can service tires from small
dolly tires to large industrial applications.

Belle Creole sought Chapter 11 protection (Bankr. S.D. Ga. Case No.
19-60076) on Feb. 22, 2019.  The petition was signed by Carroll B.
Baird, III, president and chief executive officer. The Debtor
disclosed $882,715 in assets and $1,875,805 in debt as of Feb. 18,
2019.

The case is assigned to Edward J. Coleman, III.  The Debtor tapped
H. Lehman Franklin Jr., Esq., at H. Lehman Franklin, P.C. as its
legal counsel.


BON WORTH: Gets Court Approval to Sell Most Assets
--------------------------------------------------
Bon Worth, Inc. received approval from the U.S. Bankruptcy Court
for the Western District of North Carolina to sell most of its
assets to Merchant Coterie, Inc.'s assignee Bon Worth Holdings,
Inc.

BWH emerged as the winning bidder under the bidding process
approved by the bankruptcy court on Sept. 27.

Under its sale agreement with the buyer, Bon Worth will be paid an
amount equal to (i) the amount required to be escrowed with various
estate professionals in order to replenish the aggregate net
balance of deposits held by or for estate professionals to $100,000
as of the time of sale closing; (ii) $25,000 in cash to the estate;
(iii) the then outstanding payoff amount for debt owed to
Crossroads Funding I, LLC (projected to be approximately $1.3
million) payable in cash at closing; (iv) the then outstanding
amount owed to Merchant Coterie on account of the post-petition
loan it provided (projected to be approximately $2,365,400) payable
in the form of credit bid rights.

The buyer will also assume certain liabilities, including cure
costs under those contracts to be assumed and assigned as part of
the sale.

The bankruptcy court approved the sale despite a number of
objections, including one from the Office of the Bankruptcy
Administrator, which was overruled.

A copy of the sale agreement is available at
https://tinyurl.com/tsh4jba from PacerMonitor.com free of charge.

                    About Bon Worth

Bon Worth Inc. -- https://www.bonworth.com/ -- is a retailer of
women's fashion having retail stores located in the U.S. and
maintaining an online presence through its website and on
Facebook.
Founded in 1966, the business is wholly owned by Kyong Kook Kim,
the sole shareholder.

As of August 2019, it had 50 retail stores.  Bon Worth once
operated more than 300 stores across the U.S.  Bon Worth currently
employs 200 hourly and 15 salaried employees at headquarters and
at
stores throughout the country.

Bon Worth sought Chapter 11 protection (Bankr. W.D.N.C. Case No.
19-10317) on Aug. 16, 2019.  In its petition, the Debtor estimated
assets of $1 million to $10 million and debt of $10 million to $50
million.

The Hon. George R. Hodges is the case judge.

Horack, Talley, Pharr & Lowndes, P.A., is the Debtor's counsel.



CELADON GROUP: Case Summary & 50 Largest Unsecured Creditors
------------------------------------------------------------
Twenty-six affiliates that concurrently filed voluntary petitions
for relief under Chapter 11 of the Bankruptcy Code:

     Debtor                                              Case No.
     ------                                              --------
     Celadon Group, Inc. (Lead Case)                     19-12606
     9503 East 33rd Street
     One Celadon Drive
     Indianapolis, IN 46235

     AR Management Services, Inc.                        19-12607
     Bee Line, Inc.                                      19-12608
     Celadon Canadian Holdings, Limited                  19-12609
     Celadon E-Commerce, Inc.                            19-12610
     Celadon International Corporation                   19-12611
     Celadon Logistics Services, Inc.                    19-12612  
         
     Celadon Mexicana, S.A. de C.V.                      19-12613
     Celadon Realty, LLC                                 19-12614
     Celadon Trucking Services, Inc.                     19-12615
     Distribution, Inc.                                  19-12616
     Eagle Logistics Services Inc.                       19-12617
     Hyndman Transport Limited                           19-12618
     Jaguar Logistics, S.A. de C.V.                      19-12619
     Leasing Servicios, S.A. de C.V.                     19-12620
     Osborn Transportation, Inc.                         19-12621
     Quality Companies LLC                               19-12622
     Quality Equipment Leasing, LLC                      19-12623
     Quality Insurance LLC                               19-12624
     Servicios Corporativos Jaguar, S.C.                 19-12625
     Servicios de Transportacion Jaguar, S.A. de C.V.    19-12626
     Stinger Logistics, Inc.                             19-12627
     Strategic Leasing, Inc.                             19-12628
     Taylor Express, Inc.                                19-12629
     Transportation Insurance Services                    
     Risk Retention Group, Inc.                          19-12630
     Vorbas, LLC                                         19-12631

Business Description: Celadon Group, Inc. -
                      https://celadontrucking.com -- is a
                      North American truckload freight
                      transportation company, primarily providing
                      point-to-point shipping, warehousing, supply
                      chain logistics, tractor leasing and other
                      transportation and logistics services for
                      major customers throughout North America.
                      Specifically, the Debtors provide long haul,

                      regional, local, dedicated, intermodal,
                      temperature-protect, and expedited freight
                      services across the United States, Canada,
                      and Mexico.

Chapter 11 Petition Date: December 8, 2019

Court: United States Bankruptcy Court
       District of Delaware

Debtors' Counsel: Stuart M. Brown, Esq.
                  Matthew S. Sarna, Esq.
                  DLA PIPER LLP (US)
                  1201 N. Market Street, Suite 2100
                  Wilmington, DE 19801
                  Tel: (302) 468-5700
                  Fax: (302) 394-2341
                  Email: stuart.brown@us.dlapiper.com
                         matthew.sarna@us.dlapiper.com

                      - and -

                  Richard A. Chesley, Esq.
                  Jamila Justine Willis, Esq.
                  DLA PIPER LLP (US)
                  1251 Avenue of the Americas
                  New York, New York 10020
                  Tel: (212) 335-4500
                  Fax: (212) 335-4501
                  Email: richard.chesley@us.dlapiper.com
                         jamila.willis@us.dlapiper.com

Debtors'
General
Corporate
Governance &
Legacy
Liability
Management
Special
Counsel:          SCUDDER LAW FIRM, P.C., L.L.O.

Debtors'
Financial
Advisor:          ALIXPARTNERS, LLP

Debtors'
Notice,
Claims,
Balloting Agent &
Administrative
Advisor:          KURTZMAN CARSON CONSULTANTS LLC
                  https://www.kccllc.net/celadon

Total Assets as of December 2, 2019: Approximately $427 million

Total Debts as of December 2, 2019: Approximately $391 million

The petitions were signed by Paul Svindland, chief executive
officer.

A full-text copy of Celadon Group's petition is available at
PacerMonitor at https://is.gd/tIRvFi at no extra charge.

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
1. U.S. Department of Justice      Litigation Claim    $33,000,000
950 Pennsylvania Avenue, NW
Washington, DC 20530
Tel: 202-514-2000
Fax: 202-307-6777
Email: askdoj@usdoj.gov

2. TA Dispatch, LLC                     Trade           $4,676,261
Brian Barze
1810 Avenue C
Ensley, AL 35218
Tel: 205-788-4000
Fax: 205-788-4400
Email: bbarze@pstrans.com

Additional Contact:
Balch & Bingham LLP
1901 6th Avenue North, Suite 1500
Birmingham, AL 35203
Fax: (205) 488-5696
Attn: Timothy J. Segers
Email: tsegers@balch.com

3. Comdata Corporation                  Trade           $2,800,000
Kurt Presley
5301 Maryland Way
Brentwood, TN 37027
Tel: 615-370-7930
Fax: 615-370-7209
     615-370-7771
Email: kpresle@comdata.com

4. Pilot Travel Centers, LLC            Trade           $2,500,000
Tonya Vaughn
5500 Lonas Drive, Ste 260
Knoxville, TN 37909
Tel: 865-474-2543
Fax: 865-450-2801
     865-297-1812
Email: stephanie.roberts@pilottravelcenters.com;
       luke.russell@pilottravelcenters.com

5. Transportation Enterprises Leasing   Lessor          $2,038,723
Sheri Aaberg
400 Birmingham Highway
Chattanooga, TN 37419
Tel: 423-463-3387
Fax: 423-821-5442
Email: s.aaberg@teleasing.com

6. Sheryl Ray                     Litigation Claim      $1,493,074
The Simon Law Firm - John Simon
800 Market St.
Suite 1700
St. Louis, MO 63101
Tel: (314) 310-5929
Fax: (314) 241-2029
Email: jsimon@simonlawpc.com

7. Grant Thornton LLP               Professional        $1,361,612
1901 S. Meyers Rd, Suite 455
Oakbrook, Terrace, IL 60181
Tel: 630-873-2500
Fax: 630-873-2800
Email: cash@us.gt.com

8. ZA-00002369                    Litigation Claim      $1,284,461
TBD-Monday from TPA

9. The Goodyear Tire & Rubber           Trade           $1,261,824
Company
Richard Kirk
200 Innovation Way
Akron, OH 44316
Tel: 330-796-2121
Fax: 330-796-2222
Email: richard.kirk@goodyear.com

10. Comercializadora Y Distribuidora    Trade           $1,195,455
Martinez Y Mtz
Patty Benitez
Avila 350 Gonzalitos
CDM9801154V
Nuevo Leon, 64020
Mexico
Tel: 83731511
Email: cobranza@mymenergy.com.mx

11. ZA-00014240                    Litigation Claim     $1,000,000
TBD-Monday From TPA

12. VAAA1CDV2019065495             Litigation Claim       $903,570
TBD-Monday From TPA

13. Pinnacle Fleet Solutions             Trade            $762,231
Patty Seidelman
P.O. Box 742294
Atlanta, GA 30374
Tel: 630-925-7676
Fax: 503-745-8921
Email: pseidelman@corcentric.com

14. Goodwin Procter LLP              Professional         $754,316
Lloyd Winawer
601 Marshall Street
Redwood City, CA 94063
Tel: +1 650 752 3146
Fax: 650-853-1038
Email: lwinawer@goodwinlaw.com

15. Jackie McCoy                  Litigation Claim        $750,000
Ronald Weldy
8383 Craig Street, Ste. 330
Indianapolis, IN 46250
Tel: 317-842-6600;
     877-211-7519
Fax: 317-842-6933
Email: rweldy@weldylegal.com

16. Master Fleet National, LLC          Trade             $734,939
Derrick Washington, President
1210 Mid Valley Road
De Pere, WI 54115
Tel: (920) 347-3513
Fax: (920) 347-1820;
      920-498-8916
Email: dwashington@mfnatl.com

17. Ernst & Young U.S. LLP          Professional          $571,881
Michael Stavridis
55 N. Upper Wacker Dr, #2000
Chicago, IL 60606
Tel: (312) 879-2000
Fax: (312) 879-4000
Email: michael.stavridis@ey.com

Additional Contact:
Ernst & Young
11 Monument CIR #4000
Indianapolis, IN 46204
Tel: (317) 681-7000
John Federici

18. Paccar Parts                        Trade             $545,775
750 Houser Way N
Renton, WA 98057
Tel: 425-254-4400
Fax: 425-468-8216
Email: remittance@paccarpratsfleetservices.com

19. ZA-0013207                    Litigation Claim        $520,000
TBD - Monday From TPA

20. Tango Transport, LLC, et al.  Litigation Claim        $500,000
Robert H. Bezucha
Roberts Cunningham & Stripling LLP
12222 Merit Drive Suite 800
Dallas, TX 75251
Tel: 214-696-3200
Fax: 214-696-5971
Email: bezucha@sbcglobal.net;
       bbezucha@rcsllp.com;
       robertbezuchalaw@gmail.com

21. I+D Mexico, S.A. De C.V.            Trade             $468,329
Tel: 55-5950-1440;
     800-900-7273
Email: cavi@pase.com.mx;
       comentarios@pase.com.mx

22. The Johnson Group LLC               Trade             $431,157
Brett Williams
436 Market Street
Chattanooga, TN 37402
Tel: 423-424-3015
Fax: 423-267-0475
Email: bwilliams@johngroup.com

23. Milestone Equipment Holdings LLC    Lessor            $428,298
John Horgan
3050 W. Clay Street, Suite 300
St. Charles, MO 63301

24. ZA-00008829                    Litigation Claim       $406,158
TBD - Monday From TPA

25. ZA - 00003859                  Litigation Claim       $400,000
TBD - Monday From TPA

26. ZA - 000010711                 Litigation Claim       $400,000
TBD - Monday From TPA

27. ZA - 00009327                  Litigation Claim       $367,500
TBD - Monday From TPA

28. PDZA Y Asociados                 Professional         $338,301
Julian Pedroza
S.C. Insurgents SUR 1602, Piso 4
Colonia Credito Constructor
Mexico City, C.P. 03940
Mexico
Tel: 55-10009124
Fax: 12-53-70-91
Email: julian@pedtrozaabogados.com

29. ZA-00012280                    Litigation Claim       $285,001
TBD - Monday From TPA

30. Anthem                              Benefit           $285,000
Kierra Willis                        Administrator
220 Virginia Ave
Indianapolis, IN 46202
Tel: 317-488-6000
Fax: 317-488-6821
Email: kierra.willis@anthem.com

31. Fleet Charge                         Trade            $284,588
8650 West College Boulevard
Overland Park, KS 66210
Tel: 800-323-4284
Fax: 1-913-451-2443
Email: customer-remittance@fleetcharge.com

32. Estate of Michael Hanley, Jr.   Litigation Claim      $274,412
Munley Law PC
227 Penn Ave
Scranton, PA 18503
Tel: 570-865-4699
Fax: 570-346-3452
Email: lawyers3@munley.com

33. ZA-00009541                     Litigation Claim      $260,000
TBD - Monday From TPA

34. ZA-0012579                      Litigation Claim      $260,000
TBD - Monday From TPA

35. ZA-00010558                     Litigation Claim      $250,000
TBD - Monday From TPA

36. ZA-00009278                     Litigation Claim      $249,398
TBD - Monday From TPA

37. 90794                           Litigation Claim      $230,485
TBD - Monday From TPA

38. ZA-00012278                     Litigation Claim      $225,000
TBD - Monday From TPA

39. 91320                           Litigation Claim      $200,832
TBD - Monday From TPA

40. ZA-00013674                     Litigation Claim      $200,001
TBD - Monday From TPA

41. ZA-00015172                     Litigation Claim      $200,000
TBD - Monday From TPA

42. ZA-00009384                     Litigation Claim      $200,000
TBD - Monday From TPA

43. PNC Bank National Association        Lessor           $199,900
Steve Chambers
130 S. Bond Street
Bel Air, MD 21014
Tel: 410-638-2237
Fax: 855-211-1236
Email: steven.chambers@pnc.com

44. Fleet Truck Sales              Litigation Claim       $166,000
Joseph E. Jones
Fraser Stryker, PC, LLO
409 S 17th St.
500 Energy Plaza
Omaha, NE 68102
Tel: 402-978-5215
Fax: 402-341-8290
Email: jjones@fraserstryker.com

45. Manhattan Associates Inc.           Trade             $162,826
Jamie Munson - Director of
Carrier Management
2300 Windy Ridge Parkway
10th Floor
Atlanta, GA 30339
Tel: 770-955-7070
Fax: 770-955-0302
Email: jmundon@manh.com

46. ZA-00010885                    Litigation Claim       $160,000
TBD - Monday From TPA

47. ZA-00006088                    Litigation Claim       $150,000
TBD - Monday From TPA

48. ZA-0010403                     Litigation Claim       $150,000
TBD - Monday From TPA

49. ZA-00016326                    Litigation Claim       $150,000
TBD - Monday From TPA

50. ZA-00010007                    Litigation Claim       $150,000
TBD - Monday From TPA


CELADON GROUP: Files Ch.11 Amid Accounting Scandal, Shutters Biz
----------------------------------------------------------------
Celadon Group, Inc., along with its 25 affiliate entities, on
Monday filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Delaware.

Celadon also announced that it will shut down all of its business
operations effective as of Monday.  This shut down does not include
the Taylor Express business headquartered in Hope Mills, North
Carolina, which will continue to operate in the ordinary course
while the Company's explores a going concern sale of its
operations.

Celadon is the biggest bankruptcy in truckload history, according
to FreightWaves.com, which reports about the trucking industry.

The bankruptcy filing comes five days after the Securities and
Exchange Commission announced charges against two former top
executives of the Indiana-based trucking company for their
participation in an accounting fraud that inflated the company's
income and earnings per share. Celadon previously agreed to settle
accounting fraud charges brought by the SEC in April.

The SEC's complaint, unveiled on Dec. 5, against former Celadon
president and chief operating officer William Eric Meek and former
chief financial officer Bobby Peavler alleges that they sought to
conceal losses by engaging in a scheme to buy and sell trucks at
inflated prices, in some cases double or triple their fair market
value. The complaint alleges that as a result of the transactions
with third-party dealers, Celadon materially overstated its pre-tax
income, net income, and earnings per share in its annual report for
the period ending June 30, 2016, and in its subsequent public
filings through the period ending Dec. 31, 2016.

According to the lawsuit, the fraud began when Celadon directed its
then wholly-owned subsidiary, Quality Companies, LLC, to sell its
idle trucks. Meek and Peavler had notice that Celadon listed these
trucks on its books for values that were often tens of thousands of
dollars above the price at which Quality could actually sell them.
So had Quality sold any significant portion of these trucks on the
open market, Celadon would have had to record losses on its
financial statements, amounting to tens of millions of dollars.

The complaint also alleges that Meek and Peavler lied to Celadon's
auditor by claiming that the pricing in the transactions was
"determined and evaluated independently," and by concealing their
roles in negotiating and approving the transactions. Meek resigned
from Celadon in 2017 and Peavler resigned in 2018.

"As alleged in our complaint, these members of Celadon's C-suite
lied to its auditor and investors to try to conceal millions of
dollars of overvalued trucks," said Joel R. Levin, Director of the
SEC's Chicago Regional Office. "The SEC will continue to pursue
corporate officers who employ schemes to inflate financial
statements and defraud investors."

The SEC's complaint, filed in federal court in Indianapolis,
charges the defendants with violating various antifraud provisions
of the federal securities laws, lying to auditors, and aiding and
abetting Celadon's books and records and reporting violations. The
SEC seeks permanent injunctions, monetary penalties, and
officer-and-director bars against both Meek and Peavler.

The U.S. Attorney's Office for the Southern District of Indiana and
the Department of Justice, Fraud Section, Criminal Division, today
filed criminal charges against the defendants for related
misconduct.

The SEC's investigation, which is continuing, is being conducted by
Jaclyn Janssen, Trevor Schumacher, Jonathan Polish, Thomas E.
Vincus, and Amy S. Cotter of the Chicago Regional Office.

Celadon said it intends to use its Chapter 11 proceedings to wind
down its global operations.  A BusinessInsider.com report says
Celadon is seeking to pay its total 3,800 employees around $3.9
million in unpaid wages, along with more than $1 million in
termination bonuses. The termination payment works out to about
$267 per worker.

Paul Svindland, Chief Executive Officer of Celadon, said, "We have
diligently explored all possible options to restructure Celadon and
keep business operations ongoing, however, a number of legacy and
market headwinds made this impossible to achieve."  Mr. Svindland
noted that, "Celadon has faced significant costs associated with a
multi-year investigation into the actions of former management,
including the restatement of financial statements.  When combined
with the enormous challenges in the industry, and our significant
debt obligations, Celadon was unable to address our significant
liquidity constraints through asset sales or other restructuring
strategies. Therefore, in conjunction with our lenders, we
concluded that Celadon had no choice but to cease all operations
and proceed with the orderly and safe wind down of our operations
through the Chapter 11 process."  To support the wind down of
operations, Celadon's lenders have agreed to provide incremental
debtor-in-possession financing.

Mr. Svindland further stated, "I would like to thank our vendors,
customers, and lenders, and most importantly, I would like to thank
our dedicated administrative employees and drivers whose efforts
should not be seen as a reflection of this Chapter 11 filing.  They
have sacrificed so much of their time and effort for Celadon, and
for that, the Company is eternally grateful."

                           About Celadon

Founded in 1985, Celadon Group, Inc. --
http://www.celadongroup.com/-- began its operations as a small,
dry van carrier with just 50 leased trucks and 100 leased trailers.
Celadon was one of the first U.S.-based trucking companies to take
trailers into Mexico, and is considered a pioneer of the commerce
trail between the U.S. and Mexico.  Due to this early success,
Celadon was able to rapidly grow its operations and fleet, and in
1994, Celadon completed an initial public offering.  

Over the course of the last 34 years, Celadon vastly expanded its
footprint to offer point-to-point shipping, warehousing, supply
chain logistics, tractor leasing and other transportation and
logistics services and, specifically, to provide long haul,
regional, local, dedicated, intermodal, temperature-protect, and
expedited freight services across the U.S., Canada and Mexico.
With over 150,000 border crossings annually, Celadon was the
largest provider of international truckload services in North
America.

At the date of its shutdown, Celadon was operating a fleet of
approximately 3,300 tractors and 10,000 trailers with nearly 4,000
employees.


CHARLOTTE RUSSE: Asks Court to Extend Exclusivity Period to March 2
-------------------------------------------------------------------
CR Holding Liquidating Inc. asked the U.S. Bankruptcy Court for the
District of Delaware to extend the exclusivity period to file a
Chapter 11 plan to March 2, 2020, and the period to solicit
acceptances for the plan to April 28, 2020.

The company, formerly known as Charlotte Russe Holding, Inc., said
it needs additional time to continue to negotiate a liquidating
plan that will have the support of the unsecured creditors'
committee and voting creditors; obtain approval of its settlement
agreement with the committee and the pre-bankruptcy term loan
agent; and file an objection to claims of the Internal Revenue
Service totaling over $15 million.  

                   About Charlotte Russe Holding

Charlotte Russe Holding, Inc., now known as CR Holding Liquidating
Inc., is a specialty fashion retailer of young women's apparel and
accessories comprised of seven entities. The company and its
affiliates are headquartered in San Diego, California and have one
distribution center located in Ontario, California.  In addition,
the companies lease office space in Los Angeles, California and San
Francisco, California, where they primarily conduct merchandising,
marketing, e-commerce and technology functions.

The companies sell their merchandise to customers in the contiguous
48 states, Hawaii, and Puerto Rico through their online store and
512 Charlotte Russe brick-and-mortar stores located in various
regional malls, outlet centers, and lifestyle centers.  The bulk of
the companies' apparel and accessory products are sold under the
Charlotte Russe brand with ancillary brands for denim and perfume
(Refuge), young women's plus-size apparel (Charlotte Russe Plus),
and cosmetics (Charlotte by Charlotte Russe).

Charlotte Russe Holding and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
19-10210) on Feb. 3, 2019.  At the time of the filing, Charlotte
Russe Holding estimated assets of $100 million to $500 million and
liabilities of $100 million to $500 million.

The cases are assigned to Judge Laurie Selber Silverstein.

The Debtors tapped Bayard, P.A. and Cooley LLP as their bankruptcy
counsel; Guggenheim Securities, LLC as their investment banker; A&G
Realty Partners, LLC as lease disposition consultant and business
broker; Gordon Brothers Retail Partners LLC, Hilco Merchant
Resources LLC and Malfitano Advisors, LLC as liquidation
consultant; and Donlin, Recano & Company, Inc., as claims and
noticing agent.


CHICAGO, IL: Moody's Affirms Ba1 on $250MM Motor Fuel Tax Bonds
---------------------------------------------------------------
Moody's Investors Service affirmed the Ba1 rating on the City of
Chicago, IL's outstanding motor fuel tax bonds. The outlook remains
stable. The rating and outlook apply to $250 million of motor fuel
tax debt.

RATINGS RATIONALE

The Ba1 rating on Chicago's motor fuel tax debt is capped at the
city's GO rating because of a lack of legal separation of the
pledged revenues from the city's general operations. The rating is
also capped at one notch below the State of Illinois' rating
because the pledged revenues are subject to state budgetary
appropriation. These factors constrain the rating at Ba1 despite
otherwise strong fundamentals including sound coverage.

RATING OUTLOOK

The stable outlook considers the stable outlook assigned to both
the City of Chicago and the State of Illinois. The outlook also
assumes that coverage of debt service will remain sound.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Improvement in the GO ratings of the City of Chicago and the
State of Illinois Legal segregation of pledged revenue from the
city's general operations

  - Reduced risk of non-appropriation by the State of Illinois

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - A downgrade of the GO ratings of the City of Chicago or State
of Illinois

  - Substantial declines in motor fuel tax collections and reduced
coverage

  - Extended delays in distributions of pledged revenue from the
state

LEGAL SECURITY

Chicago's motor fuel tax revenue bonds are secured by a senior lien
on 75% of the city's annual allocation of state motor fuel taxes
plus other pledged revenue primarily consisting of licensing fees
collected from tour boats operating on the Chicago River.

The city's general bond ordinance stipulates that pledged revenue
be deposited directly by the state with the trustee on a monthly
basis. The trustee sets aside 1/5th of upcoming interest payments
and 1/11th of upcoming principal payments in the debt service
account, such that sufficient funds are available one month in
advance of debt service payments. The trustee first sets aside the
city's additional pledged revenues before setting aside motor fuel
tax revenue. Revenue in excess of the monthly set-aside
requirements is remitted to the city for any purpose permitted in
state statute.

The State of Illinois collects and disburses motor fuel tax revenue
pursuant to the state's Motor Fuel Tax Law and Use of Motor Fuel
Tax Funds Act. The state deposits tax receipts on a monthly basis
into its Motor Fuel Tax Fund, from which it first makes "priority
allocations" for various purposes outlined in statute including
administrative costs. Following priority allocations, the state
distributes the remaining tax revenue to various units of state and
local government according to formulas defined in state law with
45.6% of remaining tax revenue deposited into the state's
construction and road funds and 54.4% distributed to local units of
government. Of the 54.4% local unit allocation, the state
distributes 49.1% to municipalities, including Chicago, 35% to
counties, and 15.9% to road districts. The state distributes the
municipal portion based on a municipality's population relative to
that of all incorporated municipalities in the state. The
distributions are subject to state appropriation and were delayed
at times during the state's 2015 budget impasse.

PROFILE

The City Chicago, with a current estimated population of 2.7
million, is the largest city in the State of Illinois and third
most populous in the US.

METHODOLOGY

The principal methodology used in these ratings was US Public
Finance Special Tax Methodology published in July 2017.


CHICAGO, IL: Moody's Affirms Ba1 on $4.7BB General Obligation Debt
------------------------------------------------------------------
Moody's Investors Service affirmed the Ba1 rating on the City of
Chicago, IL's outstanding general obligation debt (GO). The outlook
remains stable. The rating and outlook apply to $4.7 billion of GO
debt.

RATINGS RATIONALE

The Ba1 general obligation rating considers the city's massive
economic base, solid liquidity and legal revenue raising
flexibility. Speculative elements in Chicago's credit profile stem
from uncertainty about the long-term affordability of an unusually
large pension burden that is compounded by large liabilities of
overlapping governments. Due in part to rising statutory pension
contributions, the city faces significant budget challenges despite
continued economic growth and enactment of tax increases over the
past several years. The latter may limit the city's capacity to
further raise revenue to address rising expenditures especially if
major revenue sources stagnate or decline.

Governance of the city's pensions is a material consideration in
the rating because the city cannot reduce benefits. This is a major
constraint on expenditure flexibility. The Illinois constitution
grants strong protections to pension benefits and the state's
supreme court has issued rulings preventing any benefit
modifications.

RATING OUTLOOK

The stable outlook reflects an expectation that the city will make
the necessary budget adjustments in fiscal 2021 and fiscal 2022 to
accommodate larger pension contributions without eroding reserves
or materially increasing its debt burden. The outlook also
incorporates the likelihood of further growth in unfunded pension
liabilities, but growth will be at a less rapid pace than it had
historically been given increased pension contributions.

FACTORS THAT COULD LEAD TO AN UPGRADE

  - Accommodation of statutorily-required increases in pension
contributions from fiscal 2020 to fiscal 2022 that does not rely on
the use of reserves or nonrecurring budget maneuvers, and does not
diminish the city's capacity to provide services

  - Moderation of the city's pension burden arising from robust
economic and revenue growth or reduced unfunded liabilities

FACTORS THAT COULD LEAD TO A DOWNGRADE

  - Erosion of the city's financial position, or heightened
operating risk at Chicago Public Schools

  - Heightened risk of pension systems transitioning to
pay-as-you-go funding structure, or material growth in the city's
debt and unfunded pension burden

  - Substantial growth in securitized bonds that are designed to
receive priority payment from pledged revenues over city operations
and GO debt service

LEGAL SECURITY

Chicago's GO bonds are secured by the city's full faith and credit
pledge and are payable from all available revenues including a tax
levy unlimited as to rate or amount.

PROFILE

The City Chicago, with a current estimated population of 2.7
million, is the largest city in the State of Illinois and third
most populous in the US.

METHODOLOGY

The principal methodology used in these ratings was US Local
Government General Obligation Debt published in September 2019.


CHS/COMMUNITY HEALTH: Fitch Raises Issuer Default Rating to CCC
---------------------------------------------------------------
Fitch Ratings downgraded Community Health System, Inc.'s (CHS)
Long-Term Issuer Default Rating to 'RD' from 'C' following the
closing of a transaction that Fitch considers to be a distressed
debt exchange. Subsequently, Fitch upgraded CHS's IDR to 'CCC' from
'RD', which is reflective of the post-DDE credit profile. Fitch has
also assigned ratings to the new debt issued to satisfy the terms
of the exchange offer. The ratings apply to approximately $14
billion of debt.

KEY RATING DRIVERS

Post Exchange Credit Profile Remains Stressed: CHS recently
exchanged the bulk of $2.6 billion of 6.875% senior unsecured notes
due 2022 for $700 million of 8.0% first lien senior secured notes
due 2027 and $1.7 billion of 6.875% senior unsecured notes due
2028. Fitch believes the transaction buys CHS more time to execute
an operational turn-around plan focused on restoring organic growth
and improving profitability of hospitals in certain targeted
markets. However, the 'CCC' IDR reflects the key credit concerns of
a high overall debt burden and weak FCF generation.

The revolving credit facility was cancelled as a condition to
completion of the exchange offer, eliminating the agreement's
financial maintenance covenants, which Fitch thought the company
was likely to breach during 2020. Concurrent with the exchange
offer, CHS issued $500 million of senior secured notes as a tack on
to an existing issue due in 2026. Proceeds of those notes, along
with cash on hand, are expected to address small 2019 and 2020
unsecured note maturities and to pay down balances outstanding on
the revolving credit facility and asset based lending (ABL)
facility.

Very High Debt Burden: The exchange transaction was neutral to
total leverage, but raised CHS's first lien secured leverage by
about 0.8x EBITDA, to nearly 8.5x. The transaction is also a
headwind to FCF due to higher interest expense on the new notes due
2028. The company's balance sheet has been highly leveraged since
the acquisition of rival hospital operator Health Management
Associates, LLC (HMA) in late 2014 because EBITDA growth has been
hampered by difficulties in integration and secular headwinds to
patient volumes in rural and small suburban hospital markets. Fitch
calculated leverage at Sept. 30, 2019 was 10.0x (and 9.2x adjusting
for certain one-time items related to elevated bad expense and
professional liability expense that are not expected to reoccur),
versus 5.2x prior to the acquisition.

Forecast Reflects Hospital Divestitures: Fitch's $1.6 billion
operating EBITDA forecast for CHS in 2019 reflects completed
hospital divestitures. CHS has paid down about $3 billion of term
loans since the beginning of 2016 using the proceeds from the
spinoff of Quorum Health Corp., the sale of a minority interest in
several hospitals in Las Vegas and a series of smaller
divestitures.

The company divested 43 hospitals with $4.5 billion of annualized
revenues during 2017 and 2018, raising about $2.0 billion of cash
proceeds and leaving a footprint of 112 hospitals in 20 states,
which has further decreased to 102 hospitals as of Sept. 30, 2019.
The valuations imply a deleveraging multiple, but with $14.0
billion of debt outstanding, long-term repair of the balance sheet
will require the company to expand EBITDA through a return to
organic growth and expansion of profitability in the group of
remaining hospitals. The strategy of refocusing the operation
around hospitals in markets with better long-term growth potential
makes sense, but the 'CCC' IDR reflects the challenges inherent in
its execution.

Headwinds to Less-Acute Volumes: CHS's legacy hospital portfolio
faces secular headwinds to less-acute patient volumes. Volume
trends are highly susceptible to weak macroeconomic conditions and
the seasonal influences of flu and respiratory cases. Health
insurers and government payors recently increased scrutiny of
short-stay admissions and preventable hospital readmissions. CHS's
same-hospital operating trends were weak in 2017 and 2018, although
quarterly results showed sequential improvement in YoY performance
on various patient volume measures throughout 2018 and in the first
nine months of 2019. The operating EBITDA margin also showed signs
of stabilization during 2018-2019 after five consecutive quarters
of YoY declines in this metric in 1Q17 to 1Q18.

Repositioning Will Require Investment: A strategy of repositioning
the hospital portfolio around larger, faster-growing markets is
well aligned with secular trends. However, Fitch believes
successful execution of this plan is not without challenges from
both an operational-execution and capital-investment perspective,
particularly as it is occurring at a time when cash flow is
depressed relative to historical levels and there is a certain
amount of management attention consumed by executing the
divestiture program.

DERIVATION SUMMARY

CHS's 'CCC' IDR reflects the company's weak financial flexibility
with high gross debt leverage and stressed FCF generation (CFO less
capex and dividends). The operating profile is among the weakest in
the investor-owned acute care hospital category because of a
historical focus on rural and small suburban hospital markets that
are facing secular headwinds to organic growth. Fitch believes that
some of the company's hospital markets may require additional
capital investment to improve organic growth and profit margins,
and this is concerning since cash generation is thin.

KEY ASSUMPTIONS

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

  - Revenue decline of 6% in 2019 reflects completed hospital
divestitures.

  - Same-hospital revenue growth of 2% throughout the forecast
period is driven by pricing as patient volumes are assumed to be
flat.

  - EBITDA before associate and minority dividends of $1.6 billion
in 2019 assumes an operating EBITDA margin of 11.6%.

  - CFFO of about $500 million in 2019, and FCF break-even to
slightly negative throughout the 2019-2022 forecast period assuming
capex of about 3% of revenues.

  - Total debt/EBITDA after associate and minority dividends is
around 9.0x through the 2019-2022 forecast period.

RATING SENSITIVITIES

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

An upgrade to a 'CCC+' IDR could result from:

  - The operational turn-around plan gains traction in the next
12-18 months, evidenced by stabilization in the operating EBITDA
margin and building on the recent trend of better growth in organic
patient volumes;

  - An expectation that ongoing CFFO generation will be sufficient
to fund investment in the remaining hospital markets to support an
expectation of improved organic growth;

  - An expectation that the company will be able to successfully
refinance the note maturities beginning in 2021.

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

  - A downgrade to 'CCC-' or below would reflect an expectation
that the company will struggle to refinance upcoming maturities.
This would likely be a result of further deterioration in revenues
and EBITDA, leading Fitch to expect either another DDE or a more
comprehensive restructuring.

LIQUIDITY AND DEBT STRUCTURE

Slim but Adequate Liquidity: Sources of liquidity include $157
million of cash on hand at Sept. 30, 2019 and availability under
the $1 billion asset-based lending (ABL) facility; $673 million was
outstanding under the ABL facility at Sept. 30, 2019, and
availability is subject to a borrowing base calculation which had
availability of $854 million as of Sept. 30, 2019. Fitch forecasts
EBITDA/interest paid of 1.4x in 2019.

Debt Issue Notching: Fitch's recovery assumptions result in a
recovery rate for CHS's approximately $8.9 billion of first-lien
senior secured debt, which includes the ABL and senior secured
notes, within the 'RR1' range to generate a three-notch uplift to
the debt issue ratings from the IDR, to 'B'/'RR1'. The $3.1 billion
senior secured junior priority notes are notched down by two to
reflect estimated recoveries in the 'RR6' range, to 'CC'/'RR6', and
the $2 billion senior unsecured notes are notched down by three, to
'C'/'RR6' to reflect estimated recoveries in the 'RR6' range and
structural subordination of these notes relative to the prior
ranking junior priority secured notes. Fitch assumes that CHS would
fully draw the $1 billion ABL prior to a bankruptcy scenario and
includes that amount in the claims waterfall.

Fitch estimates an enterprise value (EV) on a going concern basis
of $9.0 billion for CHS, after a deduction of 10% for
administrative claims. The EV assumption is based on
post-reorganization EBITDA after payments to non-controlling
interests of $1.4 billion and a 7.0x multiple. Fitch's post
reorganization EBITDA estimate assuming ongoing deterioration in
the business is offset by corrective measures taken to arrest the
decline in EBITDA after the reorganization. The EBITDA estimate is
7% lower than Fitch's 2019 forecasted EBITDA. This differs from
Fitch's typical approach to determining post-reorganization EBITDA
for hospital companies, which implements a 30%-40% decline to LTM
EBITDA based on the operational attributes of the acute care
hospital sector, including a high proportion of revenue generated
by government payors, the legal obligation of hospital providers to
treat uninsured patients, and the highly regulated nature of the
hospital industry. The CHS recovery scenario is different in that
it reflects a reorganization provoked by secular headwinds to
organic growth in rural hospital markets rather than a regulatory
change that leads to lower payments to the industry.

There is a dearth of bankruptcy history in the acute care hospital
segment. In lieu of data on bankruptcy emergence multiples in the
sector, the 7.0x multiple employed for CHS reflects a history of
acquisition multiples for large acute care hospital companies with
similar business profiles as CHS in the range of 7.0x-10.0x since
2006 and the average public trading multiple (EV/EBITDA) of CHS's
peer group (HCA, UHS, LPNT and THC), which has fluctuated between
approximately 6.5x and 9.5x since 2011. CHS has recently sold
hospitals in certain markets for a blended multiple that Fitch
estimates is higher than the 7.0x assumed in the recovery analysis.
However, Fitch believes the higher multiple on recent transactions
is due to strong interest by strategic buyers in markets where they
have an existing footprint and so is not necessarily indicative of
the multiple that the larger CHS entity would command.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of 3 - ESG issues are credit
neutral or have only a minimal credit impact on the entity, either
due to their nature or the way in which they are being managed by
the entity.

CHS has an ESG Relevance Score of 4 for Exposure to Social Impacts
due to societal and regulatory pressures to constrain growth in
healthcare spending in the U.S. This dynamic has a negative impact
on the credit profile, and is relevant to the rating in conjunction
with other factors.


CLEARWAY ENERGY: S&P Rates $600MM Senior Unsecured Notes 'BB'
-------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating to Clearway
Energy Operating LLC's $600 million senior unsecured notes
offering, which will be used to repay the $500 million 2024 senior
unsecured notes, to pay fees, to partially fund the repowering of
the Wildorado and Elbow Creek assets, and for general corporate
purposes. The $100 million increase in total debt was considered in
the November review, thus the issuance does not affect S&P's view
of the rating at this point. The notes are rated in line with the
company's other senior unsecured debt. The recovery rating is '3',
reflecting S&P's expectation of meaningful (50%-70%; rounded
estimate: 65%) recovery in the case of default.

The outlook on the 'BB' issuer credit rating on Clearway Energy
Inc. was revised to negative from stable in November, which was the
result of increased imputed debt at the corporate level. This
followed the company's announcement that it had paid back about $40
million of debt at Agua Caliente Borrower 2 and agreed to service a
portion of the $182 million of debt at CVSR Holdco while that
credit facility remains in default due to the Pacific Gas &
Electric bankruptcy. At that time, S&P also anticipated other debt
increases based on the company's need for cash primarily to fund
its wind repowering project. Therefore, the forward-looking
leverage ratios published in November already incorporated a debt
increase of this magnitude. S&P also included the $100 million
equity issuance that Clearway completed on Monday in its recent
forecast. The rating agency expects run-rate credit measures (which
include PG&E cash flows) to remain stressed for the rating over the
next 12–24 months, with debt to EBITDA above 5x and funds from
operations to debt of about 14%-15%, leading to the negative
outlook. The negative outlook also incorporates the ongoing
bankruptcy proceedings at PG&E, which has resulted in about 24% of
cash flows being locked up at the project level. If the PG&E
bankruptcy isn't resolved as expected or credit metrics decline
further, S&P could lower the ratings on Clearway.


CLEVELAND-CLIFFS INC: S&P Puts 'B+' ICR on CreditWatch Negative
---------------------------------------------------------------
S&P Global Ratings placed all of its ratings on U.S.–based iron
ore producer Cleveland-Cliffs Inc., including the 'B+' issuer
credit rating on CreditWatch with negative implications.

The CreditWatch placement follows Cleveland-Cliffs Inc.'s
announcement that it has entered into a definitive agreement to
acquire all issued and outstanding shares of AK Steel common stock.
Based on Dec. 2, 2019, closing prices, AK Steel shareholders will
receive total consideration of approximately $1.1 billion in Cliffs
stock, and will own approximately 68% of the new combined company.
AK Steel shareholders will own the remaining 32%. Following
transaction close, current AK Steel CEO Roger Newport will retire
and Cliffs CEO Lourenco Goncalves will lead the new organization.
The company expects to close the transaction in the first half of
2020, subject to shareholder and regulatory approvals.

The CreditWatch with negative implications listing indicates there
is a one-in-two likelihood that S&P could lower its rating on
Cliffs within 90 days. S&P intends to resolve the CreditWatch
placement as soon as it has clarity on the company's prospective
capital structure.

"We will likely lower the rating on Cliffs if we expect adjusted
leverage to remain above 4x in the year following the close of the
transaction," S&P said.

"We could maintain the rating on Cliffs if the merger is not
completed, or if there is new information that suggests Cliffs will
be able to sustain its adjusted leverage near current levels, just
under 4x," the rating agency said.


CLU AMBOY: Unsecureds' Recovery to Depend on Avoidance Suits
------------------------------------------------------------
According to its Third Amended Disclosure Statement, CLU Amboy,
LLC, is proposing a liquidation plan.  In other words, the Debtor
through the liquidating trustee seeks to liquidate all of the
Debtor's remaining assets and make payments in connection with
certain debts owed by the Debtor as  of the Petition Date, along
with satisfying administrative expense claims in full on the
Effective Date, or at such later time when sufficient funds become
available.

The Plan provides that:
  
   * Secured Creditors.  All secured claims were satisfied as a
result of the sale. Depending on the result of the UGI HVAC
Adversary Proceeding, UGI HVAC may have a secured lien claim on the
Facility which is now owned by a non-debtor.

  * General Unsecured Creditors.  If avoidance actions are not
recovered, unsecured creditors are not anticipated to receive a
distribution.  That said, however, the Debtor has filed an
adversary proceeding against UGI HVAC and it seeks compensatory
damages.

  * Equity Interest Holders.  All equity interests will be
extinguished and the Debtor liquidated in full.

The Plan will be funded from the $200,000 proceeds of the sale and
any other cash, if any, generated by pursuit and recovery and
collection of avoidance actions.

A full-text copy of the Third Amended Disclosure Statement dated
Nov. 18, 2019, is available at https://tinyurl.com/tz5brgc from
PacerMonitor.com at no charge.

                     About Clu Amboy LLC

Clu Amboy, LLC was formed as a limited liability company in New
Jersey on September 30, 2013. It owned a storage facility located
at 1 Amboy Avenue, Woodbridge, New Jersey 07095, which was its sole
tangible asset.  It also uses the trade name Amboy Cold Storage.
All of its income was derived from leases and contract service
agreements for storage space at the facility.

On Oct. 25, 2017, CLU Amboy sought Chapter 11 protection (Bankr.
D.N.J. Case No. 17-31647).

Counsel to the Debtor:

     Anthony Sodono, III
     Sari B. Placona
     McMANIMON, SCOTLAND & BAUMANN, LLC
     75 Livingston Avenue, Suite 201
     Roseland, NJ 07068
     Tel: (973) 622-1800
     E-mail: asodono@msbnj.com
             splacona@msbnj.com


CORSAIR GROUP: S&P Affirms 'B' ICR on Modest Increase in Leverage
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on Corsair
Group (Cayman) LP.

The rating affirmation follows the company's announcement of its
plan to upsize its senior secured first-lien term loan by $115
million to $475 million. The company will use the proceeds from the
upsizing along with a new cash equity contribution to make an
acquisition and will use the remaining proceeds to repay the $36
million outstanding on its revolving credit facility.

Meanwhile, S&P affirmed its 'B' and 'CCC+' rating on the company's
senior secured first-lien term loan and senior secured second-lien
term loan. The respective '3' and '6' recovery ratings remain
unchanged, indicating S&P's expectation of 50%-70% (rounded
estimate: 55%) recovery on the first-lien and 0%-10% (rounded
estimate: 0%) recovery on the second-lien term loan.

The rating affirmation on Corsair primarily reflects that S&P
Global Ratings-adjusted leverage will decline to the low- to mid-5x
range at the end of 2020, fully incorporating pro forma EBITDA of
the unannounced acquisition. Although this transaction will
increase the firm's debt burden, S&P believes the faster growing
revenue and higher EBITDA margins will mitigate the effect. The
rating agency views this transaction as strengthening Corsair's
presence in the gaming peripherals market and believe it will
diversify the peripherals mix through expansion into consoles. Key
risks to Corsair's business include its small scale, customer
concentration, and exposure to consumer spending in the gaming
peripheral/system and memory markets. Corsair's credit strengths
include its strong brand recognition and market share in niche
gaming market. The company has benefited from strong demand in the
gaming system and peripheral markets, which has supported a
three-year top line compound annual growth rate (CAGR) of +20%.

S&P's stable outlook on Corsair is based upon its expectation that
Corsair will be able to generate low-double-digit revenue growth
over the next year as demand in gaming system/peripherals remains
robust and e-sports markets continue to outgrow broader computing
hardware sales.

S&P's outlook is also supported by its expectation that leverage
will decline to the mid-6x area by the end of 2019 and the low- to
mid-5x area in 2020. The rating agency's base-case scenario assumes
Corsair will not pursue additional major acquisitions over the next
12 months.

"We could lower the rating over the next year if the company
sustains adjusted debt to EBITDA above 6.5x. Such a scenario could
occur if the company loses key distribution partners or there is a
sharp decline in discretionary spending or a general downturn in
the PC gaming hardware market," S&P said.

"We could raise the ratings in the next year if adjusted debt to
EBITDA falls below 5x and we believe management intends to maintain
leverage at or below this level through acquisitions and business
cycles," the rating agency said.


CRYOLIFE INC: S&P Alters Outlook to Stable, Affirms 'B' ICR
-----------------------------------------------------------
S&P Global Ratings affirmed all its ratings, including its 'B'
issuer credit rating on CryoLife Inc., and revised the outlook to
stable from positive.

The rating affirmation reflects S&P's view that the company will
sustain its organic growth rate, but that its small scale will
constrain cash generation. The rating agency believes the company's
differentiated product portfolio is well positioned in its niche
markets and should support revenue growth in mid- to high-single
digits. In the first nine months of 2019, the company's revenue
grew at about a 6% rate, despite the currency headwinds.

The stable outlook reflects S&P's expectations that the company's
leverage ratio will likely be sustained in 4x-5x range and
FOCF-to-debt ratio will remain between 2% and 7% in 2020-2021 as
the company continues to grow organically and through tuck-in
acquisitions.

"We could consider lowering the rating on CryoLife if we expect
that its ratio of free cash flow to debt will remain below 2% on a
sustained basis with limited prospects for improvement. This could
occur if competition intensifies and the company has to concede on
price or the company's operating costs rise above our current
expectations," S&P said.

"We would consider raising our rating on CryoLife if there were
more certainty that the company would improve and sustain its ratio
of free cash flow-to-debt ratio above 7%." This scenario would most
likely occur if the company continues to grow its revenue by the
mid to high-single-digit percent, sustains EBITDA margins of at
least 20%, and its nonrecurring expenses are less than $5 million
annually," the rating agency said.


CTE 1 LLC: Hires Mr. Agran of Carl Marks Advisory as CRO
--------------------------------------------------------
CTE 1 LLC, seeks authority from the U.S. Bankruptcy Court for the
District of Jersey to employ Mr. Steven F. Agran of Carl Marks
Advisory Group LLC, as chief restructuring officer to the Debtor.

CTE 1 LLC requires Carl Marks Advisory to:

   a. oversee all operational activities of the Debtor,
      including, automobile sales, automobile service, cash
      management and operations;

   b. control all aspects of automotive sales including MSO
      (Manufacturer's Certificate of Origin), keys, registrations
      and payment of sales tax;

   c. advise the Debtor on negotiations with key constituents;

   d. participate in conference calls and attend meetings of, the
      Debtor's board of directors, creditors, or other parties in
      interest;

   e. assist the Debtor in the negotiation of DIP terms and the
      creation of a DIP budget; and

   f. assist in the preparation of financial information for
      distribution to the Debtor's stakeholders if required,
      including, cash flow projection updates, cash receipts and
      disbursement analysis, and analysis of any proposed
      transactions for which Court approval is sought.

Carl Marks Advisory will be paid a fixed weekly fee of $35,000.

Carl Marks Advisory will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Steven F. Agran, a partner at Carl Marks Advisory, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Carl Marks Advisory can be reached at:

     Steven F. Agran
     CARL MARKS ADVISORY GROUP LLC
     336 Main Street
     Bedminster, NJ 07921
     Tel: (212) 909-8448
     E-mail: sagran@carlmarks.com

                        About CTE 1 LLC

CTE 1 LLC -- https://www.lexusofenglewood.com/ -- is a car dealer
in Englewood, New Jersey offering a selection of new and pre-owned
Lexus vehicles.  The Company offers a full lineup of vehicles,
including Lexus LS sedan, Lexus RX SUV and ES Hybrid.

CTE 1 LLC sought Chapter 11 protection (Bankr. D.N.J. Lead Case No.
19-30256) on Oct. 27, 2019, in New Jersey.  In the petitions signed
by Carmine DeMaio, operating manager, the Debtor was estimated to
have $10 million to $50 million of assets and the same range of
liabilities.  The Hon. Vincent F. Papalia oversees the case.
Robert M. Hirsh, Esq., of ARENT FOX LLP, serves as the Debtors'
counsel.


DESTINATION MATERNITY: Auction Canceled; Marquee to Buy Assets
--------------------------------------------------------------
Destination Maternity Corp. disclosed in a filing with the U.S.
Bankruptcy Court for the District of Delaware that Marquee Brands,
LLC is the winning bidder for most of its assets.

Marquee Brands was supposed to act as the stalking horse bidder but
the bankruptcy auction scheduled for Dec. 9 had been canceled.

Marquee Brands offered to purchase the e-commerce business,
intellectual property, store-in-store operations, and the right to
designate the sale of certain inventory and related assets of
Destination Maternity and its subsidiaries for $50 million.  The
company will also assume certain liabilities as part of the sale.

                     About Destination Maternity

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States with the only nationwide
chain of maternity apparel specialty stores as well as an expansive
assortment available through multiple online distribution points,
including its three brand-specific websites.

As of Aug. 3, 2019, the company operated 937 retail locations,
including 446 stores in the United States, Canada and Puerto Rico,
and 491 leased departments located within department stores and
baby specialty stores throughout the United States and Canada.  It
also sells merchandise on the Internet, primarily through its
Motherhood.com, APeaInThePod.com and DestinationMaternity.com
websites.  The company sells merchandise through its Canadian
website, MotherhoodCanada.ca, through Amazon.com in the United
States, and through websites of certain of its retail partners,
including Macys.com.

Destination Maternity's 446 stores operate under three retail
nameplates: Motherhood
Maternity(R), A Pea in the Pod(R) and Destination Maternity(R). It
also operates 491 leased departments within leading retailers such
as Macy's(R), buybuy BABY(R) and Boscov's(R).  Generally, the
company is the exclusive maternity apparel provider in its leased
department locations.

Destination Maternity and two subsidiaries sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12256) on Oct. 21,
2019.  It disclosed $260,198,448 in assets and $244,035,457 in
liabilities as of Oct. 5, 2019.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Kirkland & Ellis LLP as bankruptcy counsel;
Landis Rath & Cobb LLP as local counsel; Greenhill & Co., LLC as
investment banker; Hilco Streambank LLC as intellectual property
advisor; Prime Clerk LLC as claims agent; and Berkeley Research
Group, LLC as restructuring advisor.  Berkeley's Robert J. Duffy
has been appointed as the Debtors' chief restructuring officer.


DESTINATION MATERNITY: Hires Greenhill & Co. as Investment Banker
-----------------------------------------------------------------
Destination Maternity Corporation, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Greenhill & Co., LLC, as investment banker to
the Debtors.

Destination Maternity requires Greenhill & Co. to:

   a. review and analyze the Debtors' assets and the historical
      financial performance of the Debtors, including its
      liquidity;

   b. analyze and monitor the Debtors' financial results and key
      operating performance indicators;

   c. review and analyze the business plan and financial
      projections prepared by the Company;

   d. evaluate the Debtors' potential debt capacity in light of
      its capital requirements and projected cash flows;

   e. assist in the determination of an appropriate capital
      structure for the Debtors and its affiliates;

   f. assist in the determination of a large of values for the
      Debtors as a going concern;

   g. assist the Debtors with respect to its evaluation of
      strategic alternatives and in formulating strategies
      relating to the financial aspects of any Transaction;

   h. assist the Debtors in executing the financial aspects of
      any Transaction or Liquidation, including assisting in
      developing marketing materials, creating and maintaining a
      data room and contact log, and initiating contact with
      potential existing stakeholders, capital providers,
      investors, and/or other parties to such Transaction or
      Liquidation, evaluating proposals received and assisting in
      negotiating final commitment letters and definitive
      documentation;

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

   j. assist the Debtors with respect to and/or participate in
      negotiations with relevant parties in interest, including,
      without limitation, any current or prospective creditors of
      the Debtors and/or their respective representatives in
      connection with a Transaction, advise the Debtors with
      respect to, and attend, meetings of the Debtors'
      senior management, board of directors, other advisors,
      creditor groups and other interested parties, as necessary,
      with respect to matters on which the Financial Advisor has
      been engaged to advise hereunder;

   k. participate in hearings before the U.S. Bankruptcy Court in
      which such cases are commenced and provide relevant
      testimony with respect to the matters described herein in
      the Financial Advisor's area of expertise;

   l. provide such other general advisory services and investment
      banking services as are customary for similar transactions
      and as may be mutually agreed upon by the Debtors and the
      Financial Advisor.

Greenhill & Co. will be paid as follows:

   a. Monthly Advisory Fee. Commencing as of the Effective Date
      of the Agreement, a non-refundable financial advisory fee
      of $ 150,000 per month (the "Monthly Advisory Fee"), which
      shall be due and paid in advance on the first clay of each
      month, provided that the initial Monthly Advisory Fee(s)
      shall be paid upon the execution of this Agreement and
      shall be pro-rated for any incomplete monthly period of
      service;

   b. M&A Transaction Fee. If, at any time during the Fee Period,
      the Company consummates an M&A Transaction, the Financial
      Advisor shall be entitled to receive a fee (the "M&A
      Transaction Fee"), payable promptly at the closing of the
      proceeds of any such M&A Transaction, equal to the greater
      of (i) 2.5% of the Transaction Value (determined in
      accordance with Schedule B hereto) or (ii) $2,500,000;

   c. Completion Fee. If, at any time during the Fee Period, the
      Company consummates a Restructuring Transaction, the
      Financial Advisor shall be entitled to receive a fee (the
      "Completion Fee"), payable promptly at the closing thereof,
      equal to $2,500,000;

      If a Transaction triggers both the M&A Transaction Fee and
      the Completion Fee, the Financial Advisor shall be entitled
      to only one fee and such fee shall be the larger of the two
      fees;

   d. New Capital Fee. If, at any time during the Fee Period, the
      Company consummates a Financing Transaction, the Financial
      Advisor shall be entitled to receive a fee (the "New
      Capital Fee") equal the greater of (a) the sum of:

     (i) 1.0% of the face amount of any senior secured debt
         funded or committed to be funded pursuant to a new money
         investment, including, without limitation, any debtor in
         possession financing raised;

     (ii) 2% of the face amount of any junior secured debt funded
          or committed to be funded pursuant to a new money
          investment;

     (iii) 3%o of the face amount of any unsecured or
           subordinated debt funded or committed to be funded
           pursuant to a new money investment;

     (iv) 4% of any hybrid capital funded or committed to be
          funded pursuant to a new money investment, including,
          without limitation, any debt convertible into equity;
          and

     (v) 5% of any equity capital funded or committed to be
         funded pursuant to a new money investment, including,
         without limitation, any preferred equity, equity
         underlying any warrants, purchase rights or similar
         contingent equity securities;

      and (b) $1,500,000; provided, however, that with respect to
      any new money investments made by (x) Wells Fargo Bank,
      National Association ("Wells Fargo"), (y) Pathlight
      Capital, LLC ("Pathlight"), or (z) affiliates of Wells
      Fargo or Pathlight (such entities in clauses (x), (y) and
      (z), the "Existing Stakeholders"), the dollar amount of the
      New Capital Fee associated therewith payable to the
      Financial Advisor pursuant to clauses (i) through (v) in
      the fee schedule above shall be reduced by 50%; provided
      further, however, that in the case of a Financing
      Transaction whereby debtor in possession financing is
      raised (a "DIP Financing Transaction") entirely from
      Existing Stakeholders, the Financial Advisor shall be
      entitled to a New Capital Fee of $250,000.

   e. Liquidation Fee. If, at any time during the Fee Period, a
      Liquidation is executed with respect to the Company, the
      Financial Advisor shall be entitled to receive a fee (the
      "Liquidation Fee"), payable promptly out of the proceeds of
      Liquidation, equal to $1,000,000; As used in this
      Agreement, "Fee Period" shall mean (i) the term of this
      Agreement and the Financial Advisor's engagement hereunder
      and (ii) the period beginning upon the termination of this
      Agreement and the Financial Advisor's engagement hereunder
      and extending 12 months thereafter.

Neil Augustine, vice-chairman and co-head of Greenhill's North
American financing advisory and restructuring, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

Greenhill & Co. can be reached at:

     Neil A. Augustine
     Greenhill & Co., LLC
     300 Park Avenue
     New York, NY 10022
     Tel: +1 212-389-1539
     Fax: +1 212-389-1539
     E-mail: Neil.Augustine@greenhill.com

                About Destination Maternity Corp

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States, with the only nationwide
chain of maternity apparel specialty stores, as well as a deep and
expansive assortment available through multiple online distribution
points, including our three brand-specific websites.

As of Aug. 3, 2019, Destination Maternity operated 937 retail
locations, including 446 stores in the United States, Canada and
Puerto Rico, and 491 leased departments located within department
stores and baby specialty stores throughout the United States and
Canada.  It also sells merchandise on the Internet, primarily
through Motherhood.com, APeaInThePod.com and
DestinationMaternity.com websites. Destination Maternity sells
merchandise through its Canadian website, MotherhoodCanada.ca,
through Amazon.com in the United States, and through websites of
certain of our retail partners, including Macys.com.

Destination Maternity's 446 stores operate under three retail
nameplates: Motherhood Maternity(R), A Pea in the Pod(R) and
Destination Maternity(R). It also operates 491 leased departments
within leading retailers such as Macy's(R), buybuy BABY(R) and
Boscov's(R). Generally, the company is the exclusive maternity
apparel provider in its leased department locations.

Destination Maternity and its two subsidiaries sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12256) on Oct. 21,
2019. As of Oct. 5, 2019, Destination Maternity disclosed assets of
$260,198,448 and liabilities of $244,035,457.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Greenhill
& Co., LLC as investment banker; Landis Rath & Cobb LLP as local
bankruptcy counsel; Hilco Streambank LLC as intellectual property
advisor; Prime Clerk LLC as claims agent; and Berkeley Research
Group, LLC, as restructuring advisor. BRG's Robert J. Duffy has
been appointed as CRO.


DESTINATION MATERNITY: Hires Mr. Duffy of Berkeley as CRO
---------------------------------------------------------
Destination Maternity Corporation, and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Mr. Robert J. Duffy of Berkeley Research Group,
LLC, as chief restructuring officer to the Debtors.

Destination Maternity requires Berkeley to:

   a. in consultation with management of the Debtors and subject
      to the approval of the Board of Directors of the Debtors,
      develop and implement a chosen course of action to preserve
      asset value and maximize recoveries to stakeholders;

   b. oversee the activities of the Debtors in consultation with
      other advisors and the management team to effectuate the
      selected course of action;

   c. assist the Debtors and their management in developing cash
      flow projections and related methodologies and assist with
      planning for alternatives as requested by the Debtors;

   d. assist the Debtors in preparing for and operating in a
      Chapter 11 bankruptcy proceeding, including negotiations
      with stakeholders, and the formulation of a reorganization
      strategy and plan of reorganization directed to preserve
      and maximize value;

   e. serve as the Debtors' representative in Chapter 11
      bankruptcy proceedings;

   f. provide such other services as mutually agreed upon by the
      CRO, the Firm and the Debtors.

Berkeley will be paid at these hourly rates:

     Managing Director           $935 to $1,050
     Director                    $740 to $815
     Professional Staff          $320 to $720
     Support Staff               $125 to $295

Berkeley received unapplied advance payments from the Debtors in
the amount of $24,000. During the 90-day period prior to the
Petition Date, the Debtors paid Berkeley $1,358,831.11 in aggregate
for professional services performed and expenses incurred,
including the Retainer.

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

Robert J. Duffy, a managing director of Berkeley Research Group,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.
Berkeley can be reached at:

     Mark A. Renzi
     BERKELEY RESEARCH GROUP, LLC
     70 W. Madison Street, Suite 5000
     Chicago, IL 60602
     Tel: (312) 429-7900

              About Destination Maternity Corporation

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States, with the only nationwide
chain of maternity apparel specialty stores, as well as a deep and
expansive assortment available through multiple online distribution
points, including our three brand-specific websites.

As of Aug. 3, 2019, Destination Maternity operated 937 retail
locations, including 446 stores in the United States, Canada and
Puerto Rico, and 491 leased departments located within department
stores and baby specialty stores throughout the United States and
Canada.  It also sells merchandise on the Internet, primarily
through Motherhood.com, APeaInThePod.com and
DestinationMaternity.com websites. Destination Maternity sells
merchandise through its Canadian website, MotherhoodCanada.ca,
through Amazon.com in the United States, and through websites of
certain of our retail partners, including Macys.com.

Destination Maternity's 446 stores operate under three retail
nameplates: Motherhood Maternity(R), A Pea in the Pod(R) and
Destination Maternity(R). It also operates 491 leased departments
within leading retailers such as Macy's(R), buybuy BABY(R) and
Boscov's(R). Generally, the company is the exclusive maternity
apparel provider in its leased department locations.

Destination Maternity Corp. and two subsidiaries sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12256) on Oct. 21,
2019.  As of Oct. 5, 2019, Destination Maternity disclosed assets
of $260,198,448 and liabilities of $244,035,457.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Greenhill
& Co., LLC as investment banker; Landis Rath & Cobb LLP as local
bankruptcy counsel; Hilco Streambank LLC as intellectual property
advisor; Prime Clerk LLC as claims agent; and Berkeley Research
Group, LLC as restructuring advisor. BRG's Robert J. Duffy has been
appointed as chief restructuring officer.e


DESTINATION MATERNITY: Seeks to Hire Kirkland & Ellis as Attorney
-----------------------------------------------------------------
Destination Maternity Corporation, and its debtor affiliates seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as attorney to the Debtors.

Destination Maternity requires Kirkland & Ellis to:

   a. advise the Debtors with respect to their powers and duties
      as debtors in possession in the continued management and
      operation of their businesses and properties;

   b. advise and consult on the conduct of these chapter 11
      cases, including all of the legal and administrative
      requirements of operating in chapter 11;

   c. attend meetings and negotiating with representatives of
      creditors and other parties in interest;

   d. take all necessary actions to protect and preserve the
      Debtors' estates, including prosecuting actions on the
      Debtors' behalf, defending any action commenced against the
      Debtors, and representing the Debtors in negotiations
      concerning litigation in which the Debtors are involved,
      including objections to claims filed against the Debtors'
      estates;

   e. prepare pleadings in connection with these chapter 11
      cases, including motions, applications, answers, orders,
      reports, and papers necessary or otherwise beneficial to
      the administration of the Debtors' estates;

   f. represent the Debtors in connection with obtaining
      authority to continue using cash collateral and
      postpetition financing;

   g. advise the Debtors in connection with any potential sale of
      assets;

   h. appear before the Court and any appellate courts to
      represent the interests of the Debtors' estates;

   i. advise the Debtors regarding tax matters;

   j. take any necessary action on behalf of the Debtors to
      negotiate, prepare, and obtain approval of a disclosure
      statement and confirmation of a chapter 11 plan and all
      documents related thereto; and

   k. perform all other necessary legal services for the Debtors
      in connection with the prosecution of these chapter 11
      cases, including: (i) analyzing the Debtors' leases and
      contracts and the assumption and assignment or rejection
      thereof; (ii) analyzing the validity of liens against the
      Debtors; and (iii) advising the Debtors on corporate and
      litigation matters.

Kirkland & Ellis will be paid at these hourly rates:

     Partners              $1,025 to $1,795
     Of Counsel              $595 to $1,705
     Associates              $595 to $1,125
     Paraprofessionals       $235 to $460

On July 10,2019, the Debtors paid Kirkland & Ellis an advance
retainer of $50,000. The Debtors paid to Kirkland & Ellis
additional advance payment retainer totaling $2,135,000 in the
aggregate.

Kirkland & Ellis will also be reimbursed for reasonable
out-of-pocket expenses incurred.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, the
following is provided in response to the request for additional
information:

   Question:  Did you agree to any variations from, or
              alternatives to, your standard or customary billing
              arrangements for this engagement?

   Response:  No.

   Question:  Do any of the professionals included in this
              engagement vary their rate based on the geographic
              location of the bankruptcy case?

   Response:  No.

   Question:  If you represented the client in the 12 months
              prepetition, disclose your billing rates and
              material financial terms for the prepetition
              engagement, including any adjustments during the 12
              months prepetition. If your billing rates and
              material financial terms have changed postpetition,
              explain the difference and the reasons for the
              difference.

   Response:  Kirkland & Ellis represented the Debtors during the
              four-month period before the Petition Date, using
              the hourly rates listed above.

   Question:  Has your client approved your prospective budget
              and staffing plan, and, if so for what budget
              period?

   Response:  Yes, the professionals proposed to be retained by
              the Debtors are required to provide weekly
              estimates of fees and expenses incurred in these
              chapter 11 cases.

Christopher T. Greco, president of Christopher T. Greco, P.C., a
partner of the law firm of Kirkland & Ellis LLP and Kirkland &
Ellis International LLP, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Kirkland & Ellis can be reached at:

     Christopher T. Greco, Esq.
     CHRISTOPHER T. GRECO, P.C.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     601 Lexington Avenue
     New York, New York 10022
     Telephone: (212)446-4800
     Facsimile: (212) 446-4900
     E-mail: christopher.greco@kirkland.com

              About Destination Maternity Corporation

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States, with the only nationwide
chain of maternity apparel specialty stores, as well as a deep and
expansive assortment available through multiple online distribution
points, including our three brand-specific websites.

As of August 3, 2019, Destination Maternity operated 937 retail
locations, including 446 stores in the United States, Canada and
Puerto Rico, and 491 leased departments located within department
stores and baby specialty stores throughout the United States and
Canada.  It also sells merchandise on the Internet, primarily
through Motherhood.com, APeaInThePod.com and
DestinationMaternity.com websites. Destination Maternity sells
merchandise through its Canadian website, MotherhoodCanada.ca,
through Amazon.com in the United States, and through websites of
certain of our retail partners, including Macys.com.

Destination Maternity's 446 stores operate under three retail
nameplates: Motherhood Maternity(R), A Pea in the Pod(R) and
Destination Maternity(R). It also operates 491 leased departments
within leading retailers such as Macy's(R), buybuy BABY(R) and
Boscov's(R). Generally, the company is the exclusive maternity
apparel provider in its leased department locations.

Destination Maternity and its two subsidiaries sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12256) on Oct. 21,
2019. As of Oct. 5, 2019, Destination Maternity disclosed assets of
$260,198,448 and liabilities of $244,035,457.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Greenhill
& Co., LLC as investment banker; Landis Rath & Cobb LLP as local
bankruptcy counsel; Hilco Streambank LLC as intellectual property
advisor; Prime Clerk LLC as claims agent; and Berkeley Research
Group, LLC, as restructuring advisor. BRG's Robert J. Duffy has
been appointed as chief restructuring officer.


DESTINATION MATERNITY: Seeks to Hire KPMG LLP as Tax Consultant
---------------------------------------------------------------
Destination Maternity Corporation, and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ KPMG LLP, as tax compliance and tax consultant
to the Debtors.

Destination Maternity requires KPMG LLP to:

   Tax Compliance Services

   a. prepare certain federal and state income tax returns and
      supporting schedules;

   b. regarding Kuwait income tax filing obligation:

      i. prepare the tax declaration regarding the Kuwait income
         tax filing obligation;

      ii. prepare the related Kuwait Tax Authority ("KTA")
          assurance report; obtain the KTA tax
          acceptance/clearance with related certificates; and
          follow up with KTA officials as necessary;

   c. perform tasks related to Public Law No. 115-97, originally
     known as the Tax Cuts & Jobs Act; and

   d. determine quarterly estimated tax payments for the 2019
      tax year.

   Tax Consulting Services

   a. provide analysis of any Internal Revenue Code ("IRC")
      Section 382 issues, including a sensitivity analysis to
      reflect the Section 382 impact of the proposed and/or
      hypothetical equity transactions;

   b. provide analysis of "net unrealized built-in gains and
      losses" and Notice 2003-65 as applied to the ownership
      change, if any, resulting from or in connection with the
      proposed restructuring of external and intercompany debt
      and a potential restructuring of the members of the
      Destination Maternity affiliated group (the "Proposed
      Restructuring");

   c. analyze the Debtors' tax attributes including net
      operating losses, tax basis in assets, and the tax basis in
      stock of subsidiaries;

   d. provide analysis of cancellation of debt ("COD") income,
      including the application of IRC Section 108 and
      consolidated tax return regulations relating to the
      restructuring of non-intercompany debt and the completed
      capitalization/settlement of intercompany debt;

   e. provide analysis of the application of the attribute
      reduction rules under IRC Section, and Treasury
      Regulations;

   f. provide analysis of the tax implications of any internal
      reorganizations and proposal of restructuring alternatives;

   g. assist in cash tax modeling;

   h. assist in stock basis calculations;

   i. provide analysis of the US and non-US tax implications of
      any dispositions of assets and/or subsidiary stock pursuant
      to the Proposed Restructuring;

   j. provide analysis of potential bad debt and retirement tax
      losses;

   k. render assistance with the filing of any tax compliance
      forms related to the restructuring;

   l. provide Analysis of proof of claims from tax authorities;

   m. provide analysis of the tax treatment of transaction and/or
      restructuring related costs;

   n. provide general tax consulting services regarding tax
      compliance matters that may arise for which the Debtors
      seek the firm's advice, both written and oral.

KPMG LLP will be paid at these hourly rates:

     Partner/Principal              $995
     Managing Director          $840 to $925
     Senior Director            $756 to $855
     Manager                        $760
     Senior Associate           $434 to $610
     Associate                  $322 to $370
     Paraprofessional               $295

With respect to Tax Compliance Services, the Debtors and KPMG LLP
have agreed to a fixed fee compensation structure. KPMG LLP and the
Debtors agreed to a fixed fee of $154,500 for U.S. tax compliance
services and $12,500 for Kuwait tax compliance services.

During the 90-day period prior to the Petition Date, KPMG LLP
received $304,500 from the Debtors for professional services
performed and expenses, inclusive of the retainer.

KPMG LLP will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ryan J. Kelly, partner of KPMG LLP, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

KPMG LLP can be reached at:

     Ryan J. Kelly
     KPMG LLP
     1601 Market Street
     Philadelphia, PA 19103
     Tel: (267) 256-1602

              About Destination Maternity Corporation

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States, with the only nationwide
chain of maternity apparel specialty stores, as well as a deep and
expansive assortment available through multiple online distribution
points, including our three brand-specific websites.

As of August 3, 2019, Destination Maternity operated 937 retail
locations, including 446 stores in the United States, Canada and
Puerto Rico, and 491 leased departments located within department
stores and baby specialty stores throughout the United States and
Canada.  It also sells merchandise on the Internet, primarily
through Motherhood.com, APeaInThePod.com and
DestinationMaternity.com websites. Destination Maternity sells
merchandise through its Canadian website, MotherhoodCanada.ca,
through Amazon.com in the United States, and through websites of
certain of our retail partners, including Macys.com.

Destination Maternity's 446 stores operate under three retail
nameplates: Motherhood Maternity(R), A Pea in the Pod(R) and
Destination Maternity(R). It also operates 491 leased departments
within leading retailers such as Macy's(R), buybuy BABY(R) and
Boscov's(R). Generally, the company is the exclusive maternity
apparel provider in its leased department locations.

Destination Maternity and its two subsidiaries sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12256) on Oct. 21,
2019. As of Oct. 5, 2019, Destination Maternity disclosed assets of
$260,198,448 and liabilities of $244,035,457.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Greenhill
& Co., LLC as investment banker; Landis Rath & Cobb LLP as local
bankruptcy counsel; Hilco Streambank LLC as intellectual property
advisor; Prime Clerk LLC as claims agent; and Berkeley Research
Group, LLC as restructuring advisor. BRG's Robert J. Duffy has been
appointed as chief restructuring officer.



DESTINATION MATERNITY: Taps Prime Clerk as Administrative Advisor
-----------------------------------------------------------------
Destination Maternity Corporation, and its debtor-affiliates, seek
authority from the U.S. Bankruptcy Court for the District of
Delaware to employ Prime Clerk LLC, as administrative advisor to
the Debtors.

Destination Maternity requires Prime Clerk to:

   a. assist with, among other things, solicitation, balloting,
      and tabulation of votes, and prepare any related reports,
      as required in support of confirmation of a chapter 11
      plan, and in connection with such services, process
      requests for documents from parties in interest, including,
      if applicable, brokerage firms, bank back-offices, and
      institutional holders;

   b. prepare an official ballot certification and, if necessary,
      testify in support of the ballot tabulation results;

   c. assist with the preparation of the Debtors' schedules of
      assets and liabilities and statements of financial affairs
      and gather data in conjunction therewith;

   d. provide a confidential data room, if requested;

   e. manage and coordinate any distributions pursuant to a
      chapter 11 plan; and

   f. provide such other processing, solicitation, balloting, and
      other administrative services described in the Engagement
      Agreement, but not covered by the Section 156(c) Order, as
      may be requested from time to time by the Debtors, the
      Court, or the Office of the Clerk of the Bankruptcy Court
      (the "Clerk").

Prime Clerk will be paid at these hourly rates:

     Director of Solicitation                $215
     Solicitation Consultant                 $195
     COO and Executive VP                  No charge
     Director                              $175-$195
     Consultant/Senior Consultant           $70-$170
     Technology Consultant                  $35-$95
     Analyst                                $35-$55

Prime Clerk will be paid a retainer in the amount of $75,000.

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Benjamin P.D. Schrag, chief business development officer and
executive vice president of Prime Clerk LLC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Prime Clerk can be reached at:

     Benjamin P.D. Schrag
     PRIME CLERK LLC
     60 East 42nd Street, Suite 1440
     New York, NY 10165
     Tel: (212) 257-5450

              About Destination Maternity Corporation

Destination Maternity is a designer and omni-channel retailer of
maternity apparel in the United States, with the only nationwide
chain of maternity apparel specialty stores, as well as a deep and
expansive assortment available through multiple online distribution
points, including our three brand-specific websites.

As of August 3, 2019, Destination Maternity operated 937 retail
locations, including 446 stores in the United States, Canada and
Puerto Rico, and 491 leased departments located within department
stores and baby specialty stores throughout the United States and
Canada.  It also sells merchandise on the Internet, primarily
through Motherhood.com, APeaInThePod.com and
DestinationMaternity.com websites. Destination Maternity sells
merchandise through its Canadian website, MotherhoodCanada.ca,
through Amazon.com in the United States, and through websites of
certain of our retail partners, including Macys.com.

Destination Maternity's 446 stores operate under three retail
nameplates: Motherhood Maternity(R), A Pea in the Pod(R) and
Destination Maternity(R). It also operates 491 leased departments
within leading retailers such as Macy's(R), buybuy BABY(R) and
Boscov's(R). Generally, the company is the exclusive maternity
apparel provider in its leased department locations.

Destination Maternity and its two subsidiaries sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 19-12256) on Oct. 21,
2019. As of Oct. 5, 2019, Destination Maternity disclosed assets of
$260,198,448 and liabilities of $244,035,457.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Kirkland & Ellis LLP as legal counsel; Greenhill
& Co., LLC as investment banker; Landis Rath & Cobb LLP as local
bankruptcy counsel; Hilco Streambank LLC as intellectual property
advisor; Prime Clerk LLC as claims agent; and Berkeley Research
Group, LLC as restructuring advisor. BRG's Robert J. Duffy has been
appointed as chief restructuring officer.



DYCOM INDUSTRIES: S&P Rates New $300MM Unsecured Notes 'BB'
-----------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '4'
recovery rating to Palm Beach Gardens, Fla.-based Dycom Industries
Inc.'s proposed $300 million unsecured notes. The '4' recovery
rating indicates S&P's expectation for average (30%-50%; rounded
estimate: 35%) recovery in the event of a payment default. The
company intends to use the proceeds from these notes to repay a
portion of its outstanding revolver balances and convertible
notes.

At the same time, S&P placed its 'BB-' issue-level rating on the
company's $485 million senior unsecured convertible notes due 2021
on CreditWatch with negative implications pending the close of the
proposed transaction. Based on the proposed terms of the unsecured
notes, S&P would view them as a priority claim to the convertible
notes because they benefit from subsidiary guarantees whereas the
convertible notes do not. S&P expects to resolve the CreditWatch
placement when the transaction has closed. At that time, the rating
agency expects to lower its issue-level rating on the convertible
notes by one notch to 'B+' and revise the recovery rating to '6'
from '5'.

S&P expects Dycom to benefit from solid demand from several large
customers and believe that its debt to EBITDA will remain below 3x
next year. The company's cash flows remain subject to material
volatility and the rating agency expects the company's free
operating cash flow (FOCF) to turn positive in fiscal year 2021.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

Given Dycom's position as a specialty engineering and construction
contractor competing in the cyclical telecommunications end market,
S&P's distressed scenario envisions a period of delays and outright
cancelations of cable- and telecom-related capital spending
programs, with Dycom's key customers reducing their capital
expenditure budgets in line with the broader industry.
S&P's analysis further assumes that the revolver is 85% drawn at
default.

S&P has valued the company on a going-concern basis using a 5x
multiple of its projected emergence EBITDA, which is in line with
the multiples it uses for its engineering and construction peers.

Simulated default assumptions:

-- Simulated year of default: 2024
-- EBITDA at emergence: $223 million
-- EBITDA multiple: 5x

Simplified waterfall:

-- Net enterprise value (after 5% admin. costs): $1.06 billion
-- Senior secured claims: $947 million
-- Total value available to unsecured claims: $114 million
-- Unsecured claims: $308 million
-- Recovery expectations: 30%-50% (rounded estimate: 35%)
-- Total value available to subordinated claims: $0
-- Senior subordinated claims: $236 million
-- Recovery expectations: 0%-10% (rounded estimate: 0%)

Note: All debt amounts include six months of prepetition interest.


EAGLE CORP: $1M Sale of Lease Interest, Equipment to Feenix OK'd
----------------------------------------------------------------
Eagle Corp., LLC received approval from the U.S. Bankruptcy Court
for the Southern District of New York to sell assets to Feenix
Venture Partners Opportunity Fund, LP for $1 million.

Feenix, an investor of Eagle, emerged as the winning bidder in a
bankruptcy auction conducted for the assets, which include Eagle's
unexpired lease contract with 345 Retail, LLC, and furnishings and
equipment used to operate its business in Brooklyn, N.Y.

As part of the sale, Eagle will assume the lease and assign it to
Feenix with these modifications: (1) Section 26.01 of the lease
will delete "$83,332" and be replaced with "$170,000" and the
additional security deposit will be funded by the winning bidder on
the closing date; and (2) Feenix, the principal of the winning
bidder, will provide a "good guy guaranty" in favor of Feenix.

                About Eagle Corp

Eagle Corp. LLC owns and operates a food hall known as Hill Country
Park. The Food Park has different stalls, including a coffee stand
serving doughnuts and ice cream; a Tex-Mex taco stand; a salad and
sandwich shop; and a pizza stall.

Eagle Corp. LLC filed a voluntary case under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 19-12565) on Aug. 8,
2019. In the petition signed by Marc Glosserman, chief executive
officer and managing member, the Debtor estimated $1,647,463 in
assets and $3,326,864 in liabilities.  Brett S. Moore, Esq. at
Porzio, Bromberg & Newman, P.C. represents the Debtor as counsel.


EMG UTICA: Moody's Withdraws B1 CFR on Full Term Loan Repayment
---------------------------------------------------------------
Moody's Investors Service withdrew all of EMG Utica, LLC's ratings,
including its B1 Corporate Family Rating, B1-PD Probability of
Default Rating, and B1 senior secured first-lien term loan rating.

Ratings withdrawn:

Issuer: EMG Utica, LLC

Corporate Family Rating, Withdrawn , previously rated B1

Probability of Default Rating, Withdrawn , previously rated B1-PD

Senior Secured Term Loan, Withdrawn , previously rated B1 (LGD4)

Outlook Actions:

Issuer: EMG Utica, LLC

Outlook, Changed To Rating Withdrawn From Stable

RATINGS RATIONALE

Moody's has withdrawn all of EMG's ratings following the full
repayment of its $163.9 million senior secured term loan B due
March 2020.

EMG Utica, LLC is a Delaware incorporated holding company that owns
approximately 44% interest in an integrated gathering, processing
and fractionation midstream joint-venture in Appalachia.


FTD COMPANIES: Seeks to Extend Exclusivity Period to Jan. 31
------------------------------------------------------------
GUE Liquidation Companies Inc. asked the U.S. Bankruptcy Court for
the District of Delaware to extend the exclusivity period to file a
Chapter 11 plan to Jan. 31, 2020, and the period to solicit
acceptances for the plan to March 31, 2020.

GUE Liquidation, formerly known as FTD Companies Inc., said it
anticipates exiting Chapter 11 by the end of the year if its
proposed liquidating plan is confirmed.  The extension, the company
said, will prevent creditors from filing competing plans that could
delay the resolution of its Chapter 11 case while unnecessarily
increasing administrative expenses.

The hearing on confirmation of the plan is scheduled for Dec. 18.

                     About FTD Companies

FTD Companies, Inc. -- http://www.ftdcompanies.com/-- is a premier
floral and gifting company. Through its diversified family of
brands, it provides floral, specialty foods, gifts, and related
products to consumers primarily in North America.  It also provides
floral products and services to retail florists and other retail
locations throughout these same geographies.  

FTD has been delivering flowers since 1910, and the
highly-recognized FTD brand is supported by the iconic Mercury Man
logo, which is displayed in over 30,000 floral shops in more than
125 countries.  In addition to FTD, its diversified portfolio of
brands includes these trademarks: ProFlowers, Shari's Berries,
Personal Creations, Gifts.com, and ProPlants.  FTD Companies is
headquartered in Downers Grove, Ill.

On June 3, 2019, FTD Companies and 14 domestic subsidiaries sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 19-11240).  The
Debtors disclosed $312.7 million in assets and $374.9 million in
liabilities.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Jones Day and Richards, Layton & Finger, P.A.,
as legal counsel; Moelis & Company LLC as financial advisor; and
Piper Jaffray & Co. as investment banker.  AP Services, LLC, an
affiliate of AlixPartners, provides restructuring services.  Omni
Management Group is the claims agent and has put up the site
http://www.FTDrestructuring.com/



GATEWAY RADIOLOGY: Philips Says Plan Not Feasible
-------------------------------------------------
Philips Healthcare, a division of Philips North America LLC,
objects to the Joint Disclosure Statement filed by debtors Gateway
Radiology Consultants, P.A., and PM Radiology, LLC.

On Sept. 16, 2019, Philips filed proofs of claim against the
Gateway Debtor: (i) for unliquidated damages [Claim No. 16-1]; (ii)
in the amount of $325,385.94 [Claim No. 17-1]; (iii) in the amount
of $134,479.24 [Claim No. 18-1]; (iv) in the amount of
$3,076,300.00 [Claim No. 19-1]; and (v) in the amount of
$6,250,401.51 [Claim No. 20-1, as amended by Claim No. 20-2].  The
total claims filed against the Gateway Debtor are in the amount of
$16,257,916.24, with $6,430,401.51 designated as secured claims and
$13,650.00 asserting as priority. Philips is the largest secured
creditor of the Gateway Debtor, and may also be the Gateway
Debtor's largest unsecured creditor.

As described by the Disclosure Statement, the Joint Plan of
Reorganization will be funded by the ongoing operations of the
Debtors' business and "it is believed that Philips will settle its
clams and make a financial contribution to the Estate to help fund
the plan".  The Plan values the secured portion of the secured
claims filed by Philips at $400,000 and the unsecured portion at
$5,850,000.  The Plan's treatment of these claims provides that
"Philips will not be paid anything in the plan and [Philips] will
pay money to the Estate".  The Debtors propose paying nothing to
Philips on account of its remaining claims. Accordingly, the
success of the Plan is entirely contingent on a total victory in
the ligation against Philips, receipt of significant funds from
Philips on account of that hypothetical victory, and a complete
disallowance of any claim by Philips.

Philips points out that the Disclosure Statement should not be
approved because of the lack of sufficient information.

"The most crucial deficiency is the Debtors' failure to
sufficiently address the funding of the Plan.  The Disclosure
Statement provides that the Plan will be funded by ongoing
operations plus some unspecified payment the Debtor unreasonably
expects from Philips.  Moreover, the Disclosure Statement and its
attachments do not establish the Debtors' financial ability to meet
the obligations under the Plan," Phillips said.

Philips also asserts that the Plan is not feasible.

"The Disclosure Statement also fails to address the economic
vitality of the Debtors' businesses or if the Debtors have the
ability to compete with similarly situated businesses within its
market.  Based on historical performance, the Debtors are not going
to be able to reach its lofty revenue expectations. Historically,
the Debtors' claim gross revenue in the $5 million to 6 million
range per year.  However, the Monthly Operating Reports show the
Gateway Debtor is not on pace to maintain its historical revenues.
Despite its current and historical revenues, the Debtors project
revenues of $6.78 million in year 1 of the Plan.  The Debtors then
project growth for each of the next 5 years, resulting in gross
revenues of $7.3 million in year 5.  The Debtors also project
massive increases in EBITA from $307,898.00 in year 1 to
$706,879.00 in year 5.  However, the Debtors provide no explanation
for how it plans to drastically improve its revenues and earnings.
Therefore, creditors cannot determine whether the Debtors'
projections are viable or even realistic.  Since the Plan is to be
funded by funds generated from the ongoing operations, it is
essential that creditors understand the financial viability of the
Debtors."

Philips further complains that the Plan violates the absolute
priority rule.

"Although the Plan provides that old equity will provide new value,
the Disclosure Statement does not explain or identify the amount of
any new value that the equity holders will contribute in exchange
for their retention of their equity," Phillips said.

"Accordingly, the Plan unfairly discriminates between impaired
classes because the Debtors (and their members) intend to retain
their pre-petition ownership interest in the Debtors without paying
the unsecured creditors in full in violation of the absolute
priority rule."

Counsel to Philips Healthcare, a division of Philips North
America:

   Steven J. Solomon
   GRAY | ROBINSON
   333 S.E. 2nd Avenue, Ste. 3200
   Miami, Florida 33131
   Telephone: 305-416-6880
   Facsimile: 305-416-6887
   E-mail: Steven.Solomon@gray-robinson.com

           About Gateway Radiology Consultants

Gateway Radiology Consultants P.A., based in Saint Petersburg,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
19-04971) on May 28, 2019. In the petition signed by Gagandeep
Manget M.D., president, the Debtor disclosed $1,200,000 in assets
and $14,899,135 in liabilities as of the bankruptcy filing.  The
Hon. Michael G. Williamson oversees the case. Joel M. Aresty, P.A.,
serves as bankruptcy counsel to the Debtor. Beighley Myrick Udell
and Lynne; and Paul C. Jensen, Attorney-At-Law, serve as special
counsel.



GCX LIMITED: White & Case and Farnan Represent Noteholder Group
---------------------------------------------------------------
In the Chapter 11 cases of GCX Limited, et al., the law firms of
Farnan LLP and White & Case LLP submitted a verified statement
under Rule 2019 of the Federal Rules of Bankruptcy Procedure that
they are representing the ad hoc group of noteholders of 7.00%
Senior Secured Notes Due 2019.

On March 4, 2019, the Ad Hoc Group retained Counsel to represent it
in connection with the Debtors' restructuring.

As of Dec. 3, 2019, members of the Ad Hoc Group and their
disclosable economic interests are:

Halcyon Eversource Credit LLC
299 Park Ave., 24th Floor
New York, NY 10171
$3,543,000.00 in Notes

Bardin Hill WC Fund LP
299 Park Ave., 24th Floor
New York, NY 10171
$4,731,000.00 in Notes

HDML Fund II LLC
299 Park Ave., 24th Floor
New York, NY 10171
$6,286,000.00 in Notes

Halcyon Vallee Blanche Master Fund LP
299 Park Ave., 24th Floor
New York, NY 10171
$8,770,000.00 in Notes

Bardin Hill Event-Driven Master Fund LP
299 Park Ave., 24th Floor
New York, NY 10171
$9,241,000.00 in Notes

HCN LP
299 Park Ave., 24th Floor
New York, NY 10171
$17,873,000.00 in Notes

The Varde Fund XII (Master), L.P.
901 Marquette Avenue South, Suite 3300
Minneapolis, MN 55402
$6,426,000.00 in Notes

The Varde Fund VI-A, L.P.
901 Marquette Avenue South, Suite 3300
Minneapolis, MN 55402
$1,529,000.00 in Notes

The Varde Asia Credit Fund Master, L.P.
c/o Walkers Corporate Limited
Cayman Corporate Centre
27 Hospital Road
George Town, Grand Cayman, KY1-9008
Cayman Islands
$2,621,000.00 in Notes

Varde Investment Partners (Offshore) Master, L.P.
c/o Walkers Corporate Limited
Cayman Corporate Centre
27 Hospital Road, George Town
Grand Cayman, KY1-9008
Cayman Islands
$20,779,000.00 in Notes

The Varde Skyway Master Fund, L.P.
c/o Walkers Corporate Limited
Cayman Corporate Centre, 27 Hospital Road
George Town, Grand Cayman, KY1-9008
Cayman Islands
$13,220,000.00 in Notes

Varde Credit Partners Master, L.P.
c/o Walkers Corporate Limited
Cayman Corporate Centre, 27 Hospital Road
George Town, Grand Cayman, KY1-9008
Cayman Islands
$30,959,000.00 in Notes

Varde Investment Partners, L.P.
901 Marquette Avenue South, Suite 3300
Minneapolis, MN 55402
$25,270,000.00 in Notes

Crown Ocean Capital P1 Limited
Trident Chambers, PO Box 146
Road Town, Tortola, BVI
$23,687,000.00 in Notes

Vedra Finance Limited Trident Chambers
PO Box 146, Road Town
Tortola, BVI
$16,400,000.00 in Notes

York Asian Opportunities Investments Master Fund, L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$2,546,000.00 in Notes

York Credit Opportunities Investments Master Fund, L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$4,851,000.00 in Notes

York Global Finance Fund LP
767 Fifth Ave., 17th Fl.
New York, NY 10153
$6,955,000.00 in Notes

York European Strategic Investors Holding Fund, L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$2,348,000.00 in Notes

York European Strategic Metric Master L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$1,398,000.00 in Notes

York European Opportunities Investments Master Fund, L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$8,059,000.00 in Notes

Jorvik Multi-Strategy Master Fund, L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$551,000.00 in Notes

York Multi-Strategy Master Fund, L.P.
767 Fifth Ave., 17th Fl.
New York, NY 10153
$3,392,000.00 in Notes

Portsea Master Fund SICAV Ltd
5 Saint Frederick St
Valletta, VLT 1470, Malta
$25,000,000.00 in Notes

PM Manager Fund SPC, Segregated Portfolio 46
190 Elgin Avenue
George Town, KY1-9005
Cayman Islands
$7,910,000.00 in Notes

Boothbay Absolute Return Strategies LP
c/o The Corporation Trust Company
1209 N Orange St.
Wilmington, DE 19801
$1,300,000.00 in Notes

Serica Credit Balanced Master Fund
c/o Serica Partners Asia Limited
1105 Central Building
21-27 Queen's Road Central
Central, Hong Kong
$5,405,000.00 in Notes

Northlight European Fundamental Credit Fund
P.O. Box 309
Ugland House
Grand Cayman, KY1-1104
Cayman Islands
$5,338,000.00 in Notes

Highmark Long/Short Credit 4
c/o Lockheed Martin Investment Management Company
6901 Rockledge Drive, 9th Floor
Bethesda, MD 20817,
$1,331,000.00 in Notes

MCP Northlight SPV Ltd
c/o Buckingham Square, 3rd Floor
720 West Bay Road
Grand Cayman KY1-1104
Cayman Islands
$1,431,000.00 in Notes

Credit Opportunity Fund
3rd Floor, IFSC House, IFSC
Dublin 1, Ireland
$1,800,000.00 in Notes

St Andrews Sarl, SICAV-RAIF
49, Avenue John F Kennedy
Luxembourg, L- 1855
$20,935,000.00 in Notes

Arena Special Opportunities Fund, LP
405 Lexington Ave., Fl. 59
New York, NY 10174
$2,080,000.00 in Notes

Arena Special Opportunities Fund (Offshore) Master, LP
405 Lexington Ave., Fl. 59
New York, NY 10174
$561,053.00 in Notes

Arena Finance Markets, LP
405 Lexington Ave., Fl. 59
New York, NY 10174
$3,358,947.00 in Notes

Brookdale Global Opportunity Fund
39 Market Street, Suite 3205, 2nd Floor
Gardenia Court Camana Bay
Grand Cayman KY1-9003
$3,050,000.00 in Notes

Brookdale International Partners, L.P.
c/o Weiss Asset Management
222 Berkeley Street, 16th Floor
Boston, MA 02116
$6,922,000.00 in Notes

Morgan Stanley & Co. International PLC
25 Cabot Square, Canary Wharf
London, England E14 4QA
$8,250,000.00 in Notes

Counsel represents only the members of the Ad Hoc Group. Each
member of the Ad Hoc Group have consented to Counsel's
representation of each entity.

Counsel for the Ad Hoc Group can be reached at:

          Brian E. Farnan, Esq.
          Michael J. Farnan, Esq.
          FARNAN LLP
          919 North Market Street, 12th Floor
          Wilmington, DE 19801
          Telephone: (302) 777-0300
          E-mail: bfarnan@farnanlaw.com
                  mfarnan@farnanlaw.com

               - and -

          Brian Pfeiffer, Esq.
          WHITE & CASE LLP
          1221 Avenue of the Americas
          New York, NY 10020-1095
          Telephone: (212) 819-8200
          E-mail: brian.pfeiffer@whitecase.com

               - and -

          William A. Guerrieri, Esq.
          WHITE & CASE LLP
          111 South Wacker Drive
          Chicago, IL 60606-4302
          Telephone: (312) 881-5400
          E-mail: william.guerrieri@whitecase.com

               - and -

          Varoon M. Sachdev, Esq.
          WHITE & CASE LLP
          Southeast Financial Center
          200 South Biscayne Boulevard, Suite 4900
          Miami, FL 33131-2352
          Telephone: (305) 371-2700
          E-mail: varoon.sachdev@whitecase.com

A copy of the Rule 2019 filing is available at https://is.gd/eTWdFy
and https://is.gd/gONsch from PacerMonitor.com.

                    About Global Cloud Xchange

Global Cloud Xchange (GCX), a subsidiary of India-based Reliance
Communications, offers a comprehensive portfolio of solutions
customized for carriers, enterprises and new media companies. GCX
-- http://www.globalcloudxchange.com/-- owns the world's largest  
private undersea cable system spanning more than 68,000 route kms
which, seamlessly integrated with Reliance Communications' 200,000
route kms of domestic optic fiber backbone, provides a robust
Global Service Delivery Platform.  With connections to 40 key
business markets worldwide spanning Asia, North America, Europe
and
the Middle East, GCX delivers leading edge next generation
Enterprise solutions to more than 160 countries globally across its
Cloud Delivery Network.

GCX Limited and 15 subsidiaries filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 19-12031) on Sept. 15,
2019, to seek confirmation of a pre-packaged Plan of
Reorganization.

The Restructuring Support Agreement, and the Plan implementing the
same, contemplates (a) a debt-to-equity recapitalization
transaction, whereby the Senior Secured Noteholders will receive a
pro rata share of (i) 100% of the new equity interests of
reorganized GCX and (ii) second lien term loans in an aggregate
principal amount of $200 million and (b) a simultaneous "go-shop"
process in which the Debtors will solicit bids for the potential
sale of all or a portion of their business pursuant to the Plan.

The Debtors are estimated to have $1 billion to $10 billion in
assets and liabilities, according to the petitions signed by CRO
Michael Katzenstein.

The Hon. Christopher S. Sontchi is the case judge.

The Debtors tapped YOUNG CONAWAY STARGATT & TAYLOR, LLP as local
bankruptcy counsel; PAUL HASTINGS LLP as general bankruptcy
counsel; FTI CONSULTING, INC. as financial advisor; and LAZARD &
CO., LIMITED, as investment banker.  PRIME CLERK LLC is the claims
agent.



GLOBAL CLOUD: Bankruptcy Court Confirms Plan of Reorganization
--------------------------------------------------------------
Global Cloud Xchange on Dec. 4 disclosed that the United States
Bankruptcy Court for the District of Delaware has confirmed the
Company's Plan of Reorganization, clearing the way for GCX to
successfully complete its Chapter 11 financial restructuring.

Upon its emergence from Chapter 11 following regulatory approval,
GCX will be an independent company backed by the strong ownership
of its existing senior secured noteholders.  The Company will have
reduced its debt by $150 million and gained access to new working
capital to further its strategic plan for the benefit of its
employees, customers and business partners.

                    About Global Cloud Xchange

Global Cloud Xchange (GCX), a subsidiary of India-based Reliance
Communications, offers a comprehensive portfolio of solutions
customized for carriers, enterprises and new media companies. GCX
-- http://www.globalcloudxchange.com/-- owns the world's largest
private undersea cable system spanning more than 68,000 route kms
which, seamlessly integrated with Reliance Communications' 200,000
route kms of domestic optic fiber backbone, provides a robust
Global Service Delivery Platform.  With connections to 40 key
business markets worldwide spanning Asia, North America, Europe and
the Middle East, GCX delivers leading edge next generation
Enterprise solutions to more than 160 countries globally across its
Cloud Delivery Network.

GCX Limited and 15 subsidiaries filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 19-12031) on Sept. 15,
2019, to seek confirmation of a pre-packaged Plan of
Reorganization.

The Restructuring Support Agreement, and the Plan implementing the
same, contemplates (a) a debt-to-equity recapitalization
transaction, whereby the Senior Secured Noteholders will receive a
pro rata share of (i) 100% of the new equity interests of
reorganized GCX and (ii) second lien term loans in an aggregate
principal amount of $200 million and (b) a simultaneous "go-shop"
process in which the Debtors will solicit bids for the potential
sale of all or a portion of their business pursuant to the Plan.

The Debtors are estimated to have $1 billion to $10 billion in
assets and liabilities, according to the petitions signed by CRO
Michael Katzenstein.

The Hon. Christopher S. Sontchi is the case judge.

The Debtors tapped YOUNG CONAWAY STARGATT & TAYLOR, LLP as local
bankruptcy counsel; PAUL HASTINGS LLP as general bankruptcy
counsel; FTI CONSULTING, INC. as financial advisor; and LAZARD &
CO., LIMITED, as investment banker.  PRIME CLERK LLC is the claims
agent.



GTS REAL PROPERTIES: Hires Sentry Homes as Real Estate Broker
-------------------------------------------------------------
GTS Real Properties, Inc., seeks authority from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Sentry Homes,
Inc., as real estate broker to the Debtor.

GTS Real Properties requires Sentry Homes to market and sell the
Debtor's real property located at 2306 Albemarle Rd, Brooklyn, NY
11226.

Sentry Homes will be paid a commission of 4.5% of the purchase
price.

David Altuzarra, member of Sentry Homes, Inc., assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Sentry Homes can be reached at:

     David Altuzarra
     SENTRY HOMES, INC.
     61-43 186 Street Suite 547
     Fresh Meadows, NY 11366
     Tel: (718) 475-2120

              About GTS Real Properties, Inc.

GTS Real Properties Inc., based in Brooklyn, NY, filed a Chapter 11
petition (Bankr. E.D.N.Y. Case No. 19-46271) on October 17, 2019.
The Hon. Elizabeth S. Stong presides over the case. H. Bruce
Bronson, Esq., at Bronson Law Office, P.C., serves as bankruptcy
counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Olga Thomas, by Gareth Thomas, POA, president.



GYPSUM RESOURCES: Hires Castle Placement as Investment Banker
-------------------------------------------------------------
Gypsum Resources Materials, LLC, and its debtor-affiliates seek
authority from the U.S. Bankruptcy Court for the District of Nevada
to employ Castle Placement, LLC, as investment banker to the
Debtors.

Gypsum Resources requires Castle Placement to:

   (a) complete appropriate due diligence on the Debtors and
       its principals;

   (b) identify prospective investors and providing a teaser
       and investor presentations to those investors;

   (c) conduct a mock investor call with the Debtor and sharing
       insights and suggestions with the Debtor regarding
       positioning and marketing the opportunity to investors in
       calls and meetings;

   (d) assist the Debtor in maintaining connection with investors
       throughout the entire process through closing;

   (e) review and substantially assist in the preparation of
       written materials and forecasts prepared by the Debtor,
       such as investor presentations, financial models, and
       final definitive documents;

   (f) attempt to obtain executed non-disclosure agreements
       between investors and Company from interested investors;

   (g) set-up, administrating, and assist the Debtor in
       populating a virtual data room on the Firm's virtual data
       room platform;

   (h) work with the Debtor to provide information, answer
       questions, and follow-up with investors;

   (i) include the investor transaction on castleplacement.com,
       and CPGO (Castle's proprietary app) for prospective
       investors to review;

   (j) provide the Debtor with detailed information on CPGO
       regarding the status of each investor currently interested
       in the transaction, and allowing Company to communicate
       with investors directly through CPGO;

   (k) help the Debtor to structure investment transactions,
       negotiating with investors, and seeking proposals from
       investors;

   (l) attempt to obtain term sheets from investors; and

   (m) assist in arranging and closing of investment
       transactions.

Castle Placement will be paid as follows:

   (a) 3% on equity (including preferred equity or convertible
       debt) capital from investors and on the exercise price
       of all securities constituting warrants, options or other
       rights to purchase securities issued to investors;

   (b) 2% on debt capital yielding 7% or more, mezzanine debt or
       subordinated debt capital from investors;

   (c) 1% on debt capital yielding less than 7% from investors;

   (d) if a transaction is structured as a non-standard
       transaction with investors such as a merger, purchase, or
       other non-standard structure ("Non-Standard Transaction"),
       3% times the equivalent capitalization of such Non-
       Standard Transaction. If the transaction is a Non-Standard
       Transaction, the fees set forth in paragraphs (a)-(c)
       above shall not be applicable to such transaction;

   (e) in connection with any closed transaction set forth in
       paragraphs (a)-(d) above, the minimum cash fee, in the
       aggregate, regardless of under which paragraph above, to
       Castle shall be $250,000 (payable upon initial closing);

   (f) 50% discount of the cash fees and warrants received
       resulting from (i) Company's initiation of contact of an
       investor through CPGO (provided that Company informs
       Castle of the same in writing with two business days of
       receiving the investor's interest initiated by Company) or
       (ii) the investors set forth in Schedule V to the Castle
       Engagement Agreement; and

   (g) if the Debtors enters into a term sheet, letter of intent,
       memorandum or equivalent (each, an "LOI") with an investor
       and such investor is willing to complete the transaction
       on the terms set forth in the LOI, but Company chooses not
       to complete the transaction, Company shall pay the Firm's
       fees as set forth above in paragraphs (a)-(f) above in
       connection with the transaction, as if that transaction
       had been closed and fully funded.

James M. Rhodes, partner of Castle Placement, LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Castle Placement can be reached at:

     James M. Rhodes
     CASTLE PLACEMENT, LLC
     1460 Broadway, Suite 400
     New York, NY 10036
     Tel: (212) 418-1188

              About Gypsum Resources Materials

Based in Las Vegas, Gypsum Resources Materials, LLC, a privately
held company in the gypsum mining business, and its affiliate
Gypsum Resources, LLC filed voluntary petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Lead Case No.
19-14799) on July 26, 2019.  The petitions were signed by James M.
Rhodes, president of Truckee Springs Holdings, LLC, manager of
Gypsum Resources, LLC.  

At the time of the filing, Gypsum Resources Materials was estimated
to have $10 million to $50 million in both assets and liabilities.
Gypsum Resources, LLC was estimated to have $50 million to $100
million in both assets and liabilities.

The Debtors tapped Fox Rothschild LLP as bankruptcy counsel; Hill
Farrer & Burrill LLP as special counsel; and Conway MacKenzie, Inc.
as financial advisor.

The U.S. Trustee for Region 17 appointed creditors to serve on the
official committee of unsecured creditors on Aug. 30, 2019.  The
committee is represented by Goldstein  & McClintoc, LLLP.


IPIC-GOLD CLASS: Seeks to Extend Exclusivity Period to April 1
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware, which
oversees the Chapter 11 cases of iPic-Gold Class Entertainment LLC
and its affiliates, extended the exclusivity period to file a
Chapter 11 plan to April 1, 2020, and the period to solicit
acceptances for the plan to June 1, 2020.

The companies sought an extension of the exclusivity period pending
the filing of a disclosure statement and plan by the unsecured
creditors' committee to prevent another third party from filing its
own competing plan.

Recently, the court entered an order approving the sale of
substantially all of the companies' assets and a settlement term
sheet among the companies, RSA and the unsecured creditors'
committee.  The settlement contemplates that the committee will be
responsible for the filing and prosecuting a disclosure statement
and plan to which the companies expect they will review and provide
input.  

                   About iPic Entertainment

iPic Entertainment Inc. -- http://www.ipic.com/-- operates casual
restaurants, farm-to-glass full-service bars, and theater
auditoriums with in-theater dining. They currently operate 123
screens at 16 locations in nine states, with an additional two
locations under construction, and have executed leases for an
additional nine sites in California, Georgia, Virginia, Washington,
Connecticut, New York, Texas, and Florida. In addition, they
applied for licenses to operate theaters in Saudi Arabia.

iPic Entertainment Inc. and 5 affiliates sought Chapter 11
protection on Aug. 5, 2019. The lead case is In re iPic-Gold Class
Entertainment, LLC (Bankr. D. Del. Lead Case No. 19-11739).

iPic Entertainment disclosed $156,969,000 in assets and
$290,860,000 in debt as of May 31, 2019.

PACHULSKI STANG ZIEHL & JONES LLP is the Debtors' bankruptcy
counsel.  AURORA MANAGEMENT PARTNERS is the financial advisor.
STRETTO is the claims agent.



ISTAR INC: Fitch to Rate Proposed $500MM Sr. Unsec. Notes 'BB'
--------------------------------------------------------------
Fitch Ratings expects to assign a rating of 'BB' to iStar Inc.'s
proposed issuance of $500 million of senior unsecured notes. Fitch
does not expect the issuance to have an impact on iStar's leverage
as the company intends to use the proceeds from the new unsecured
notes issuance to repay existing debt, including $375 million of
6.00% senior unsecured notes due April 2022 and prepayment
penalties and fees, and the remainder used to pay down borrowings
under its senior secured term loan due June 2023.

KEY RATING DRIVERS

SENIOR DEBT

The expected rating on the new senior unsecured notes is equalized
with the ratings assigned to iStar's existing senior unsecured
debt, as the new notes will rank equally in the capital structure.
The unsecured debt rating is one notch above iStar's Long-Term
Issuer Default Rating (IDR) and reflects the availability of
sufficient unencumbered assets, which provide support to unsecured
creditors, and relatively low levels of secured debt in the firm's
funding profile. This profile indicates good recovery prospects for
unsecured debtholders under a stressed scenario. In addition, the
company adheres to a 1.2x unencumbered assets-to-unsecured debt
covenant, which provides protection to bondholders during periods
of market stress.

Fitch views iStar's ability to continue to access the unsecured
debt markets and extend its debt maturity profile favorably. At
Sept. 30, 2019, 66.9% of iStar's debt (including 50.0% of the
preferred securities) was unsecured, which is above levels of many
other diversified real estate investment trusts and similarly rated
balance sheet-intensive finance and leasing companies. In October
2019, iStar repaid $400 million of unsecured notes due September
2020 and $275 million of unsecured notes due July 2021 and, in
November 2019, issued $100 million of unsecured notes through an
add-on offering to its 4.75% notes due October 2024. Additionally,
in November of 2019, the firm announced that it will redeem its
outstanding 4.0 million shares of Series J convertible preferred
stock at $50.00 per share on Dec. 23, 2019. Following the proposed
senior unsecured notes issuance and the partial prepayment of the
term loan, and pro forma for debt transactions in fourth-quarter
2019 and the redemption of the Series J convertible preferred
stock, Fitch estimates that unsecured debt would amount to
approximately 63.7% of total debt. If the consolidated iStar Net
Lease I LLC secured debt was excluded, Fitch estimates that this
ratio would be even higher, at around 74%. Fitch believes that
unsecured debt enhances the company's operational and financial
flexibility and expects unsecured debt to continue to make up a
significant portion of iStar's unsecured debt over the Outlook
horizon.

Fitch's benchmark leverage ratio for iStar is debt-to-tangible
equity, treating the preferred securities as 50% equity. On this
basis, leverage was 4.7x at Sept. 30, 2019. As previously noted,
iStar repaid $675 million of senior unsecured notes in October 2019
and issued an additional $100 million of unsecured notes in
November 2019. Pro forma for these transactions, Fitch estimates
that leverage was 4.0x. Fitch expects iStar to continue to manage
its leverage below 4.5x over the Outlook horizon, which compares
favorably with historical leverage levels.

Existing ratings for iStar reflect its unique platform and strategy
relative to other commercial real estate (CRE) finance and
investment companies, improvement in asset quality resulting from
declining exposure to legacy land assets and non-performing loans,
appropriate leverage level, meaningful proportion of unsecured debt
funding relative to similarly rated finance and leasing companies,
and solid liquidity profile.

Rating constraints include the material shift in the firm's
strategy in early 2019 and execution risk associated with the
continued monetization of legacy assets in the near term, which
have negatively affected iStar's earnings; increased performance
pressures on certain CRE sub-sectors; continued exposure to certain
longer-term legacy land assets; variable earnings resulting from a
reliance on gain on sale income; and a reliance on wholesale
funding. Additionally, Fitch believes that key person risk
associated with CEO Jay Sugarman has increased following turnover
among executive officers in recent years.

The Stable Rating Outlook reflects Fitch's expectations for
continued improvements in iStar's earnings and asset quality over
the outlook horizon. However, exposure to certain legacy assets
could continue to cause earnings volatility in the near term until
the portfolio is rotated into more consistent earning investments.
The Stable Outlook also reflects expectations for the maintenance
of appropriate leverage levels, sufficient liquidity and a heavily
unsecured funding profile.

RATING SENSITIVITIES

SENIOR DEBT

The expected unsecured debt rating is sensitive to changes in
iStar's Long-Term IDR as well as changes in the firm's secured and
unsecured funding mix and collateral coverage for each class of
debt. If secured debt were to meaningfully increase as a proportion
of the firm's debt funding and/or unencumbered asset coverage of
unsecured debt were to decline, it is possible that the upward
notching for the unsecured debt, relative to the IDR, could begin
to compress.

Positive rating momentum will depend on iStar's ability to
successfully execute on its efforts to monetize legacy assets and
redeploy proceeds in assets viewed as core under its new operating
strategy, thereby resulting in improved operating performance and a
reduced reliance on gain on sale income. Positive rating momentum
would also be conditioned upon continued growth and solid
performance in the Safehold Inc. business, consistent
profitability, the maintenance of sufficient liquidity and the
maintenance of Fitch-calculated leverage below 4.0x.

Negative rating pressure could arise if iStar is unable to execute
on its strategic plan, including monetizing additional legacy
investments and redeploying proceeds into new net lease and real
estate finance assets, thereby improving the firm's profitability
and resulting in a more a stable earnings profile. Negative rating
action could also be driven by material deterioration in the
quality of iStar's loan portfolio, a significant reduction in
long-term unsecured funding and/or a sustained increase in
Fitch-calculated leverage above 5.0x.


J.CREW GROUP: Incurs $19.9 Million Net Loss in Third Quarter
------------------------------------------------------------
J.Crew Group, Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $19.86 million on $625.64 million of total revenues for the 13
weeks ended Nov. 2, 2019, compared to a net loss of $5.70 million
on $622.20 million of revenues for the 13 weeks ended Nov. 3,
2018.

For the 39-weeks ended Nov. 2, 2019, the Company reported a net
loss of $80.31 million on $1.79 billion of total revenues compared
to a net loss of $45.71 million on $1.75 billion of total revenues
for the 39 weeks ended Nov. 3, 2018.

As of Nov. 2, 2019, J.Crew Group had $1.76 billion in total assets,
$3.11 billion in total liabilities, and a total stockholders'
deficit of $1.35 billion.

Cash used in operating activities of $79.5 million in the first
nine months of fiscal 2019 resulted from: (i) changes in operating
assets and liabilities of $83.4 million, primarily due to working
capital fluctuations, and (ii) a net loss of $80.3 million,
partially offset by (iii) non-cash adjustments of $84.2 million.

Capital expenditures are planned at approximately $65 million for
fiscal year 2019, including approximately $25 million for the
Company's corporate headquarters relocation, approximately $25
million for new stores and store improvements, approximately $10
million for information technology enhancements, and the remainder
for warehouse improvements and general corporate purposes.

Cash provided by financing activities of $121.5 million in the
first nine months of fiscal 2019 resulted primarily from: (i) net
borrowings under the ABL Facility, offset by (ii) principal
repayments of the Term Loan Facility.

Cash provided by financing activities of $136.7 million in the
first nine months of fiscal 2018 resulted from: (i) net borrowings
under the ABL Facility, offset by (ii) quarterly principal
repayments of the Term Loan Facility.

Michael J. Nicholson, president, chief operating officer and
interim chief executive officer, commented, "Our third quarter
results reflect adjusted EBITDA growth of nearly 50%, marking our
strongest third quarter performance in the last five years.  These
results reflect encouraging momentum at the J.Crew brand fueled by
strong gross margin performance, continued growth at Madewell and
the early benefits of our multi-year cost optimization program
announced in September.  Our teams are enthusiastic about our
progress and remain relentlessly focused on continuing to
capitalize on this momentum as we head into the holiday season.

"Additionally, today we are pleased to announce an agreement on the
terms of a transaction that will enable the Company to separate
J.Crew and Madewell into two independent companies, pursue a
proposed IPO of Madewell and recapitalize the Company's balance
sheet.  As a result of the transaction, we expect both J.Crew and
Madewell to have sustainable capital structures and to deliver
enhanced value for our stakeholders."

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

                     https://is.gd/N6MvCs

                      About J.Crew Group

J.Crew Group, Inc. -- http://www.jcrew.com-- is an internationally
recognized omni-channel retailer of women's, men's and children's
apparel, shoes and accessories.  As of Dec. 2, 2019, the Company
operates 191 J.Crew retail stores, 138 Madewell stores, jcrew.com,
jcrewfactory.com, madewell.com, and 172 factory stores.

J.Crew Group reported a net loss of $120.08 million for the year
ended Feb. 2, 2019, following a net loss of $123.20 million for the
year ended Feb. 3, 2018.

                         *   *   *

As reported by the TCR on Sept. 24, 2019, S&P Global Ratings
lowered the issuer credit rating on U.S.-based apparel retailer J.
Crew Group Inc. to 'CCC-' from 'CCC'.  The downgrade came after the
company announced it is pursuing an IPO of its Madewell concept and
disclosed details of prior proposals with its lenders related to
the recapitalization of its balance sheet, including proposed
exchanges of debt that S&P would likely view as a distressed.

Also in September 2019, Moody's Investors Service affirmed J.Crew's
Caa2 Corporate Family Rating.  The affirmations of the Caa2 CFR and
instrument ratings despite the PDR downgrade reflect a shift to an
above average enterprise recovery rate assessment in an event of
default, as a result of greater visibility into the operating
performance of the Madewell business and its potential valuation.


JIMIE OWSLEY: Court Approves $700K Sale of Las Vegas Property
-------------------------------------------------------------
Jimie Dianne Owsley received approval from the U.S. Bankruptcy
Court for the Southern District of Texas to sell a real property
for $700,000.

The property, located at 7590 Rancho Destino Road, Las Vegas, will
be sold to 2150 Lighthouse LLC, Peter Anello and Richard Costello.

The sale is free and clear of all liens, claims, charges,
encumbrances and other interests of any kind or character, with all
valid liens, if any, to attach to the net sale proceeds, according
to the order signed by Judge Marvin Isgur.

Any claim that creditor Brian Owsley may have to the net sales
proceeds will be adjudicated by further order.  Guild Mortgage Co.,
a lienholder, will receive a full loan payoff of the lien in the
amount that is due at closing.

                     About Jimie Dianne Owsley

Jimie Dianne Owsley filed a voluntary Chapter 13 bankruptcy
petition on Feb. 7, 2019.  The case was converted to a case under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
19-20060) on April 11, 2019.  The Debtor is represented by:

        Catherine Stone Curtis, Esq.
        Pulman, Cappuccio & Pullen LLP
        P.O. Box 720788
        McAllen, TX 78504
        Telephone: (956) 467-1900
        Facsimile: (956) 331-2815
        Email: ccurtis@pulmanlaw.com


LI GROUP: Moody's Assigns B2 CFR, Outlook Stable
------------------------------------------------
Moody's Investors Service assigned ratings to LI Group Holdings,
Inc., including a B2 corporate family rating and a B2-PD
probability of default rating, as well as B2 instrument ratings on
admissions-management-software provider Liaison's new first-lien
senior secured debt, including a $15 million revolving credit
facility and a $225 million term loan. Proceeds from the term loan
plus rolled-over management equity and new sponsor equity will
facilitate the acquisition of Liaison by an affiliate of Meritage
Group LP, a private investment firm. The outlook is stable.

Assignments:

Issuer: LI Group Holdings, Inc.

Corporate Family Rating, Assigned B2

Probability of Default Rating, Assigned B2-PD

Senior Secured 1st lien Term Loan due 2026, Assigned B2 (LGD3)

Senior Secured 1st lien Revolving Credit Facility due 2024,
Assigned B2 (LGD3)

Outlook Actions:

Issuer: LI Group Holdings, Inc.

Outlook, Assigned Stable

RATINGS RATIONALE

High leverage and a small revenue base relative to issuers with a
similar rating constrain Liaison's credit profile, whose offsetting
strengths include a clear market-leading position as a provider of
centralized application services ("CASs") for graduate education
programs, strong cash flow, and good growth prospects. When
expensing relatively large capitalized software development costs,
Liaison's Moody's-adjusted debt-to-EBITDA leverage as of an assumed
September 30, 2019 closing is in the high-7.0 times range, or
mid-6.0 times without the software adjustment. Moody's expects
steady, growth- and profitability-driven deleveraging, to below 7.0
times and below 6.0 times with and without the adjustment by the
fiscal year ended March 31, 2021. Moody's also expects free cash
flow as a percentage of adjusted debt, an alternative leverage
measurement, to approach 10% by March 2021, strong for the B2 CFR.
Moody's considers Meritage as an atypical private equity investor
that has no defined fund life. The transaction's equity component
represents fully 74% of total capitalization. Per per the credit
agreement, distributions can be made only from available cash and
only when credit-agreement-defined leverage is below 5.5 times.

Liaison's CASs are the graduate- and professional-school
equivalents of the Common Application, the widely used program that
allows students applying to undergraduate institutions to apply
online to multiple schools. Students pay to apply to institutions
through Liaison's CASs, with Liaison keeping a portion of the fees,
and the institutions keeping the balance. Liaison has a nearly 100%
retention rate among the more than 5,100 associations and schools
that access its CASs through long-term contracts. About 90% of
Liaison's revenue is recurring. Institutions benefit from CAS's
network effect because the platform makes it easy for students to
apply to member schools, and the associations generate funds
through revenue share agreements while also having greater
visibility into student demand.

Liaison has nearly full penetration among its core, established CAS
institution base, which is heavily skewed to healthcare educational
and professional programs and which provides about 60% of overall
revenues. New and emerging CAS programs in a variety of fields such
as business and engineering represent markets that are several
times larger than Liaison's existing markets and have scarce
competition. Through established and new markets, Moody's expects
Liaison's organic revenues to grow by at least 5% annually.

A handful of factors counters the risk posed by Liaison's small
revenue base: clear evidence of countercyclicality in the higher
education market that Liaison serves; a large, non-concentrated
customer base; strong cash flows that are typical of software
firms, abetted in part by Liaison's first-mover advantages (the
company was founded in 1990); and excellent visibility into
seasonal application trends and volumes. While its standard
capitalized-software adjustment creates a significant difference in
the EBITDA measurement, there are minimal non-standard adjustments
to Liaison's operating measurements, pointing to strong quality of
earnings.

Moody's views Liaison's liquidity as good, as revenue and margin
growth will produce steadily accumulating balance sheet cash and
annual free cash flows building to better than 10% of adjusted
debt. The opening cash balance is about $9 million. The company
collects application fees quickly, through credit card payments,
and working capital has historically been a modest source of funds
annually. However, the seasonality of an academic year suggests
there may be the need to draw intermittently under the $15 million
revolver, whose size is modest relative to annual interest expense
of $17 million and capital expenditures of $6 million. Moody's
considers the single financial covenant, a springing first-lien net
leverage test for the benefit of revolver lenders only, applicable
when at least 35% of the facility is drawn and set at 8.5 times, to
be so loose as to provide little protection for lenders.

Liaison faces moderate Environmental, Social, and Governance
("ESG") issues, primarily regarding social risks related to higher
education institutions, which are under intense social and
potentially regulatory scrutiny because of their admissions
practices, high costs, and perceived utility. A distinct
socioeconomic shift over the past several decades towards a greater
share of employment opportunities becoming available only to
persons with a minimum level of higher education, is plainly in
Liaison's favor. Governance considerations include financial
strategy risks, such as the employment of high leverage, as well as
the potential for substantial dividends to be paid out in lieu of
deleveraging.

The stable outlook reflects Moody's expectations for revenue growth
of about 5% over the next two years, steadily building cash
balances, and moderately declining leverage. Ancillary products
provide incremental margins, as do scale efficiencies, so Moody's
anticipates modest EBITDA margin expansion, including the expensing
of software development costs.

Moody's would consider an upgrade to Liaison's ratings if the
company: can substantially and profitably grow its revenue base to
be more in line with issuers in the upper-B rating category;
expands successfully into non-healthcare-related fields; maintains
good customer retention; sustains debt-to-EBITDA (with its
capitalized software adjustment reducing EBITDA) below 5.0 times;
and sustains free cash flow-to-debt in the teen percentages
(including Moody's standard adjustments).

The ratings could be downgraded if anticipated revenue growth
slows, liquidity weakens substantially, or if Moody's expects that
free cash flow as a percentage of debt will fall towards 5%.
Although unforeseen, any successful, disruptive competing
technology that threatens Liaison's market position will also put
pressure on the ratings.

LI Group Holdings, Inc., doing business as Liaison, is a
comprehensive, SaaS-based marketplace technology, applications and
analytics platform supporting the US higher education market. The
company was acquired in early December 2019 by private investor
Meritage and current management.

The principal methodology used in these ratings was Software
Industry published in August 2018.


M.W.CA ORLANDO: Says Unsecured Creditors to Recover 100%
--------------------------------------------------------
M.W.CA ORLANDO COMMISSARY, LLC, is proposing a reorganization plan
that contemplates the  emergence of the Debtor through the
continued operation of the business.

The Plan provides that:

  * Secured creditors in Classes 1 to 4 will retain their liens
securing their collateral, and their contractual rights will be
unaltered by the Plan.

  * General unsecured claims in Class 6 will be paid in full ,
except that the maximum sum to be paid shall not be greater than an
aggregate sum of $1,000, which MWCA believes is the maximum amount
of legitimate Allowed Class 6 Clams.  Each holder of an allowed
unsecured  claim will be paid a pro rata share of the unsecured pot
if not paid in full.  Payments will be made over ten months  and
shall commence on the 30th day after a final order determining all
remaining disputed claims.  Payments will continue until the
Unsecured Pot or 100% of all Class 6 Claims are paid in full.

  * The holder of MWCA equity interests in Class 7 will receive a
distribution on account of their equity interests.  All currently
issue and outstanding Equity Interests in MWCA will be extinguished
on the Effective Date and new equity interests in the Reorganized
Debtor shall be re-vested in Miguel.

The Debtor believes the cash flow generated from the continued
operation of the Debtor's business will be sufficient to meet the
operating needs and Plan payments.

A full-text copy of the Disclosure Statement dated Nov. 18, 2019,
is available at https://tinyurl.com/wmj2yax from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     Jeffrey S. Ainsworth
     BransonLaw, PLLC
     1501 East Concord Street
     Orlando, Florida 32803
     Telephone: (407) 894-6834
     Facsimile: (407) 894-8559
     E-mail: jeff@bransonlaw.com

                About M.W.CA Orlando Commissary

M.W.CA Orlando Commissary LLC is a Florida limited liability
company formed pursuant to the Florida Limited  Liability Company
Act on July 3, 2018.  It engages in all aspects of mobile food
service and is a real estate holding company.  It leases property
located at 1206 W. Robinson Street, Orlando, Florida 32805.

M.W.CA Orlando Commissary LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-03317) on May 20,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $500,001 and $1 million and liabilities of the
same range.  The case is assigned to Judge Cynthia C. Jackson.
BransonLaw PLLC is the Debtor's counsel.


MARKET STREET: Court Confirms Plan of Reorganization
----------------------------------------------------
Judge Maria L. Oxholm of the U.S. Bankruptcy Court for the Eastern
District of Michigan has confirmed Market Street Development,
Inc.'s Combined Disclosure Statement and Plan of Reorganization.

The Court ordered that Article III shall be deleted in its
entirety, and in its place shall be substituted the following:

* Macomb County shall have 2 secured claims. The first secured
claim is in the amount of $82,132.24, which shall be paid over 60
monthly installments at 18% interest until paid in full, and the
second secured claim is in the amount of $60,015.19, which shall be
paid over 60 monthly installments at 12% interest until paid in
full. The members of this class shall retain their lien until the
claims making up this class are paid in full. This class shall be
paid contemporaneously with Class 2.

* This class, with respect to GT Capital’s secured claim in the
amount of $1,700,000 plus any post-petition fees shall be paid
interest-only payments at approximately $9,860.00 at 6.96% interest
with a balloon payment due in 18 months. The members of this class
shall retain their lien until the claims making up this class are
paid in full. This Class shall be paid contemporaneously with Class
1. Furthermore, Debtor shall escrow an additional $5,000 per month
with GT Capital to be applied to post-petition taxes and insurance.


* Class of general unsecured claims is made up of approximately
$60,000 in claims. These claims shall be paid at 3% in 60 equal
monthly installments without interest, commencing on the Effective
Date. Monthly payments shall be paid contemporaneously with Class
1. These payments, as with all plan payments, may be prepaid.   

A full-text copy of the Confirmation Order is available at
https://tinyurl.com/vxshwgq from PacerMonitor.com at no charge.

           About Market Street Development

Based in Shelby Township, Mich., Market Street Development, Inc., a
Single Asset Real Estate Debtor (as defined in 11 U.S.C. Section
101(51B)), filed a voluntary Chapter 11 petition (Bankr. E.D. Mich.
Case No. 19-45966) on April 18, 2019. The petition was signed by
Vincent DiLorenzo, principal.

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

The case is assigned to Hon. Maria L. Oxholm. The Debtor's counsel
is Robert N. Bassel, Esq., in Clinton, Mich.


MCP REAL ESTATE: Plan Outline Conditionally Approved
----------------------------------------------------
Judge Frank W. Volk of the U.S. Bankruptcy Court for the Southern
District of West Virginia has conditionally approved the first
amended disclosure statement of MCP Real Estate Holding, LLC.

The Court has further ordered that January 7, 2020, is fixed as the
last day to file acceptances or rejections of the Chapter 11 Plan.

Parties-in-interest has until January 7 also to file any written
objections to the Disclosure Statement and Plan.

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

MCP Real Estate Holding, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. S.D. W.Va. Case No. 19-30026) on Jan. 23, 2019.
The Debtor hired Pepper & Nason as attorney.


NET ELEMENT: Reports $1 Million Net Loss for Third Quarter
----------------------------------------------------------
Net Element, Inc. filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q reporting a net loss attributable
to common stockholders of $1 million on $16.82 million of total
revenues for the three months ended Sept. 30, 2019, compared to a
net loss attributable to common stockholders of $910,414 on $17.24
million of total revenues for the three months ended Sept. 30,
2018.

For the nine months ended Sept. 30, 2019, the Company reported a
net loss attributable to the Company's stockholders of $3.67
million on $48.35 million of total revenues compared to a net loss
attributable to the Company's stockholders of $3.42 million on
$49.69 million of total revenues for the same period in 2018.

"Our quarterly results demonstrate a demand for our suite of
value-added payment acceptance solutions, fueled by the continued
growth in transactions processed utilizing our proprietary Netevia
platform," commented Oleg Firer, CEO of Net Element. "Despite the
challenges we have experienced as part of the industry changes and
wind-down of certain merchant category codes we serviced, in
addition to the loss of revenue in our International Transaction
Solutions segment, we have demonstrated a continued increase in
gross margin for our North America Transaction Solutions segment
and our ability to replace lost business.  We continue to execute
our strategy with a focus on delivering long term value to our
shareholders, as such we will be exploring strategic alternatives
for certain markets in our International Transaction Solutions
segment."

As of Sept. 30, 2019, the Company had $23.44 million in total
assets, $16.57 million in total liabilities, and $6.86 million in
total stockholders' equity.

The Company expects to fund its operating cash needs for the next
twelve months, including debt service requirements, operating
expenses in the normal course of business, capital expenditures,
and possible future acquisitions, with cash flow from its operating
activities, potential sales of equity securities, and current and
potential future borrowings.

The Company is continuing with its plan to further fund, grow and
expand its payment processing operations through organic growth and
acquisition of profitable residual buyouts.

Net Element said, "To fund our operating cash needs, we may need to
borrow additional capital from our current credit facilities or
additional sales of equity securities.  Further, we continue to
investigate the capital markets for sources of funding, which could
take the form of additional debt, the restructuring of our current
debt, or additional equity financings.  Historically, we have been
successful to date in restructuring our current debt facilities
with commercially acceptable terms that supports the continued
operation of our business for the foreseeable future. However, we
cannot be sure that any additional financing will be available when
needed, or that, if available, financing will be obtained on terms
favorable to us or our stockholders.  As of September 30, 2019, we
have approximately $9.3 million in available credit facilities for
use in funding general working purposes or to support growth
through potential acquisitions."

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

                     https://is.gd/cM6kkS

                      About Net Element

Net Element, Inc. (NASDAQ: NETE) -- www.NetElement.com -- operates
a payments-as-a-service transactional and value-added services
platform for small to medium enterprise in the U.S. and selected
emerging markets.  In the U.S. it aims to grow transactional
revenue by innovating SME productivity services using blockchain
technology solutions and Aptito, its cloud-based, restaurant and
retail point-of-sale solution.  Internationally, Net Element's
strategy is to leverage its omni-channel platform to deliver
flexible offerings to emerging markets with diverse banking,
regulatory and demographic conditions.

Net Element reported a net loss attributable to the Company's
stockholders of $4.94 million for the 12 months ended Dec. 31,
2018, compared to a net loss attributable to the Company's
stockholders of $9.91 million for the 12 months ended Dec. 31,
2017.


NOSCE TE IPSUM: Asks Court to Extend Exclusivity Period to April 6
------------------------------------------------------------------
Nosce Te Ipsum, Inc. asked the U.S. Bankruptcy Court for the
District of Puerto Rico to extend the period during which only the
company can file a Chapter 11 plan to April 6, 2020.

The company said it is in the process of obtaining an updated
appraisal of its property and negotiating with potential buyers,
and requires additional time to file a bankruptcy plan.

                 About Nosce Te Ipsum

Nosce Te Ipsum, Inc. classifies its business as single asset real
estate (as defined in 11 U.S.C. Section 101(51B)).  It owns in fee
simple a five-story building with office and commercial spaces for
lease, and adjacent parking lot structure in Guaynabo, P.R., valued
at $7 million.

Nosce Te Ipsum filed a Chapter 11 petition (Bankr. D.P.R. Case No.
19-05155) on Sept. 9, 2019.  In the petition signed by Maria De Los
A. Ubarri, general manager, the Debtor disclosed $7,046,991 in
assets and $5,210,939 in liabilities.  The Hon. Brian K. Tester
oversees the case. Andrew Jimenez Cancel, Esq., at Andrew Jimenez
Law Offices, is the bankruptcy counsel.


PALM BEACH BRAIN: Seeks to Extend Exclusivity Period to March 11
----------------------------------------------------------------
Palm Beach Brain and Spine, LLC asked the U.S. Bankruptcy Court for
the Southern District of Florida to extend the exclusivity period
to file a Chapter 11 plan to March 11, 2020, and the period to
solicit acceptances for the plan to May 10, 2020.

Palm Beach Brain said its new management is still in the process of
getting a handle on the company's business debt and determining a
plan of either liquidation or sale.

                 About Palm Beach Brain & Spine

Palm Beach Brain & Spine -- http://www.pbbsneuro.com-- is a
medical practice providing neurosurgery, minimally invasive spine
surgery and treatment for cancer of the brain and spine.

Palm Beach Brain & Spine and two affiliates, Midtown Outpatient
Surgery Center, LLC and Midtown Anesthesia Group, LLC, filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D. Fla. Lead Case No. 19-20831) on Aug. 15, 2019.
The petitions were signed by Dr. Amos O. Dare, manager.

Palm Beach Brain estimated $13,412,202 in assets and $2,685,278 in
liabilities. Midtown Outpatient estimated $6,857,558 in assets and
$2,920,846 in liabilities while Midtown Anesthesia estimated
$5,081,861 in assets.

Dana L. Kaplan, Esq. and Craig I. Kelley, Esq., at Kelley Fulton &
Kaplan, P.L. are the Debtors' counsel.

The U.S. Trustee, until further notice, will not appoint an
official committee of unsecured creditors in the Debtors'
bankruptcy cases.



PATRIOT CONTAINER: Moody's Alters Outlook on B2 CFR to Stable
-------------------------------------------------------------
Moody's Investors Service affirmed its ratings for Patriot
Container Corp. including the company's B2 corporate family rating
and B2-PD Probability of Default Rating, as well as the B1 and Caa1
ratings for the first lien and second lien credit facilities,
respectively. The outlook was changed to stable from negative.

"The change in outlook to stable reflects Wastequip's improved
liquidity profile and reduction in leverage following the Amrep
acquisition in early 2019," said Andrew MacDonald, senior analyst
at Moody's. "Additionally, we anticipate full repayment of
remaining revolver borrowings using free cash flow and low-single
digit revenue growth will lead to further deleveraging during the
next 12 months."

Affirmations:

Issuer: Patriot Container Corp.

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Gtd Senior Secured First Lien Term Loan, Affirmed B1 (LGD3)

Gtd Senior Secured First Lien Revolving Credit Facility, Affirmed
B1 (LGD3)

Gtd Senior Secured Second Lien Term Loan, Affirmed Caa1 (LGD5)

Outlook Actions:

Issuer: Patriot Container Corp.

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Wastequip's B2 CFR broadly reflects it high financial leverage,
with Moody's adjusted debt-to-EBITDA in the low 5.0x range for the
twelve months ended 30 September 2019. The rating also considers
the potential for aggressive financial policies underpinned by a
long history of financial sponsor ownership, the company's small
scale in terms of revenue relative to rated manufacturers, and
concentration in the waste handling and recycling equipment sector.
The rating is also constrained by the potential for revenue
volatility due to the timing of projects, exposure to cyclical
client spending, potential for customers to defer purchases, and
moderate customer concentration. However, the rating is supported
by Wastequip's leading position within the highly fragmented waste
handling and storage space, the meaningful market share held by the
company across its product lines, and the company's good liquidity
over the next 12-18 months.

The stable outlook reflects Moody's expectation that Wastequip will
continue to grow revenue in the low-single digit percent range
while generating positive free cash flow, leading to a modest
reduction in leverage and good liquidity over the next 12-18
months.

Ratings could be downgraded if debt-to-EBITDA is sustained above
6.0x, free cash flow-to-debt falls below 3% or liquidity weakens
such as increased reliance on revolver borrowings. A sizable
debt-financed acquisition or dividends could also result in ratings
being downgraded.

Ratings could be upgraded if financial policies support
debt-to-EBITDA being sustained below 4.5x, free cash flow-to-debt
approaches 9% and the company maintains good liquidity. Wastequip
would also need to grow revenue and maintain a flat to higher
EBITDA margin.

Wastequip is a leading manufacturer of waste handling and recycling
equipment used to collect, process, and transport solid and liquid
waste in North America. The company manufactures a range of waste
handling products including plastic residential containers,
industrial containers of various sizes, hoists, tarpers, vacuum
vehicles, compactors and balers. The company has been
majority-owned by financial sponsor H.I.G. Capital since 2018.
Management reported revenue for the twelve-month period ended
September 30, 2019 was $594 million.

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


PAUL LOGSDON: Dec. 12 Disclosure Statement Hearing Set
------------------------------------------------------
Debtor affiliate Prairieland FS, Inc. filed a Disclosure Statement
and Plan under Chapter 11 of the Bankruptcy Code on November 20,
2019.

The Bankruptcy Court consider approval of the Disclosure Statement
in a hearing on December 12, 2019, at 9:30 a.m., to be held at the
U.S. Bankruptcy Court Federal Building, 801 Broadway Hannibal, MO
63401.

Parties-in-interest have until December 11 to file any response or
objection with the Clerk of the Bankruptcy Court, Thomas F.
Eagleton U.S. Courthouse: 111 South 10th St., 4th Floor, St. Louis,
MO 63102.

Prairieland is represented by:

Curl, Hark & Holliday, L.L.
John M. Hark MO Bar# 45660
999 Broadway, P.O. Box 1013
Hannibal, MO 63401
Phone: (573) 221-7333
Fax: (573) 221-8824

  -- and --

LEWIS RICE LLC
Larry E. Parres, #35597
600 Washington Ave., Suite 2500
St. Louis, Missouri 63101
(314) 444-7660 (telephone)
(314) 612-7660 (facsimile)
Email: lparres@lewisrice.com

            About Paul Logsdon

Paul Logsdon, Inc., based in Canton, MO, filed a Chapter 11
petition (Bankr. E.D. Mo. Case No. 19-20081) on April 9, 2019.  In
the petition signed by Paul Logsdon, president, the Debtor
estimated $695,400 in assets and $8,934,390 in liabilities.  David
M. Dare, Esq., at Herren Dare & Street, serves as bankruptcy
counsel to the Debtor.


PCT INT'L: Seeks to Convert Involuntary Petition to Chapter 11
--------------------------------------------------------------
Following the filing of an Involuntary Petition by an adverse
party, PCT International, Inc. has moved to convert the filing to
Chapter 11 in order to protect itself from hostile actions aimed at
gaining control of PCT and its intellectual property rights. PCT's
lenders are committed to the company with Sallyport Commercial
Finance saying, "We are supporting PCT and their Team 100% during
their Chapter 11 restructuring process." PCT is optimistic that the
Court will quickly grant its Motion.

After 20 years, PCT's telecom business model remains strong.  PCT
stays committed to delivering the best quality at the best price.

This action comes after a series of court decisions. In 2006,
PPC/Belden brought an action against Holland/Amphenol Electronics
for infringing PPC connector patents.  PPC prevailed, putting
Holland's connector business in jeopardy.  But then PCT's former
vendor, EZconn, secretly engineered compression connectors for
Holland/Amphenol using PCT IP and trade secrets to keep
Holland/Amphenol in the connector market.

Undisclosed to PCT, EZconn or its principals had a financial stake
in Holland/Amphenol and used PCT's IP and trade secrets to help
keep the Holland/Amphenol connector business afloat.  PCT brought
an infringement suit against Holland when it was discovered that
they had infringed on PCT'S IP.  In 2015, the Court ruled in PCT's
favor and granted a Judgment against Holland/Amphenol.

During the course of that case PCT found that Holland was able to
infringe its IP only because EZconn had given PCT's IP and
engineering trade secrets to them.  It was also discovered that
EZconn gave Holland PCT's financial, cost, and pricing information.
Court records include information supporting the fact that these
disclosures occurred and that Michael Holland, President of
Holland, asked EZconn to erase the emails between the two
companies, fearing legal action.

PCT also learned that EZconn had taken its IP and obtained its own
patents on that IP without PCT's knowledge or consent.  This
included patents on PCT's improved locking connector.  PCT has
filed an invalidity action to protect its IP and expects a positive
outcome shortly.

PCT ceased doing business with EZconn based on these bad acts and
in 2014 began legal action to address these issues.  PCT sought
judgment to recover damages for these acts.  EZconn brought actions
against PCT as well.  But, the law firm that PCT used in that
action did not properly plead the case which resulted in judgments
being issued against PCT.  PCT has retained the nationally renowned
law firm of Beus Gilbert as counsel in a malpractice case against
that firm.

This Chapter 11 filing provides PCT space to continue its
operations, maintain its supply chain, protect its IP, ensure the
company's future success and thwart this attempted hostile
takeover.  PCT will continue to support its customers with quality
products and services.

                      About PCT International

PCT International, Inc. -- http://www.pctinternational.com/-- is a
privately owned company serving a significant segment of the U.S.
telecommunications infrastructure.  PCT has manufactured over
1,000,000 miles of coaxial cable with its proprietary technology.
PCT has also sold over one billion coaxial cable connectors
worldwide.  PCT's patented coaxial cable and connectors have been
installed in approximately 10% of all homes and businesses in
America.



PES HOLDINGS: Court Okays Bidding Process; Auction Set for Jan. 17
------------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware approved the bidding process governing the sale of assets
of PES Holdings, LLC and its affiliates at an auction.

The salient terms of the bidding procedures are:

     a. Bid Deadline: Jan. 10, 2020, at 12:00 p.m. (ET)

     b. Qualified Bid: Each bid must clearly set forth the purchase
price in U.S. dollars or other consideration to be paid or
delivered in exchange for the interests, all of the assets or
certain specific assets, and must (a) indicate the source of cash
consideration, (b) identify separately the cash and non-cash
components of the purchase price, and (c) if the bid is for only
certain specific assets (rather than the interests), identify the
portion of the total purchase price the acceptable bidder is
assigning to each such asset it is proposing to acquire.  

     c. Deposit: 10 percent of the aggregate value of the cash and
non-cash consideration of the bid

     d. Auction: If any, the auction will be held at 11:00 a.m.
(ET), Jan. 17, 2020, in the offices of Kirkland & Ellis LLP at 601
Lexington Ave., First Floor, New York, NY.

     e. Bid Increments: $5 million (or such other amount as the
Debtors may determine, which amount may be higher or lower than $5
million)

     f. Sale Hearing: Jan. 22, 2019, at 10:00 a.m.

     g. Deadline to designate a stalking horse bidder: Up until the
day that is four calendar days prior to the auction

     h. The Debtors will be authorized to approve joint bids in
their reasonable discretion on a case-by-case basis.

     i. The DIP agent will have the right to credit bid in
accordance with the DIP order and the DIP credit agreements and
subject to the carve-out, up to the full amount of the DIP
obligations in any sale contemplated by the bid procedures.

Pursuant to Local Rule 6004-1(c)(ii): (a) each bidder participating
at an auction (if any) will be required to confirm that it has not
engaged in any collusion with respect to the bidding or the sale;
and (b) an auction will be transcribed or videotaped.

Cortland Capital Market Services LLC, as agent under each of the
Debtors' pre-bankruptcy first lien term loan facility and
postpetition DIP financing facility, the existing term loan agent,
and the SOA secured parties will be deemed to be qualified bidders.
Each agent will have the right to credit bid in accordance with
the interim DIP order or section 363(k) of the Bankruptcy Code, as
applicable.  

In the event any agent exercises the credit bid right, and the
amount of the credit bid exceeds the total amount of the highest
bids for the assets subject to the credit bid right, such credit
bid will be deemed the highest and best bid and will be accepted by
the Debtors and presented to the court for approval.

The official committee of unsecured creditor may object to the
sale.  The sale objection deadline is two business days following
the completion of an auction, or, if no auction is held, two
business days following the notification filed with the bankruptcy
court of the Debtors' election not to conduct an auction.

The Debtors are authorized, but not directed, to select one or more
bidders to act as the stalking horse bidder, and are further
authorized, but not directed, to enter into an agreement with such
stalking horse bidder.

A copy of the document detailing the bidding procedures is
available for free at https://tinyurl.com/urwywcg from
PacerMonitor.com
                
                        About PES Holdings

Headquartered in Philadelphia, Pennsylvania, PES Holdings LLC and
its subsidiaries are owners and operators of oil refining complex
and have been continuously operating in some form for over 150
years.

PES Energy Inc. is the indirect parent company of Philadelphia
Energy Solutions Refining and Marketing LLC (PESRM). PESRM owns and
operates the Point Breeze and Girard Point oil refineries located
on an integrated, 1,300-acre refining complex in Philadelphia.

On Jan. 21, 2018, the Debtors filed petitions for relief under the
Bankruptcy Code, and emerged from bankruptcy in August the same
year.

On June 21, 2019, the Debtors suffered a historic, large-scale,
catastrophic incident involving an explosion at the alkylation unit
at their Girard Point refining facility. Following the incident,
the refinery has not been operational and will require an extensive
rebuild.

As a result of the explosion, PES Holdings, LLC, along with seven
subsidiaries, including PES Energy, returned to Chapter 11
bankruptcy (Bankr. D. Del. Lead Case No. 19-11626) on July 21,
2019.

PES Holdings was estimated to have $1 billion to $10 billion in
assets and the same range of liabilities as of the bankruptcy
filing.

The Debtors tapped Kirkland & Ellis LLP as general bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP as local bankruptcy
counsel; PJT Partners LP as financial advisor; and Alvarez & Marsal
North America, LLC, as restructuring advisor. Omni Management
Group, Inc., is the notice and claims agent.

The Company's proposed DIP financing lenders are represented by
Davis Polk & Wardwell LLP and Houlihan Lokey Capital, Inc. The
Official Committee of Unsecured Creditors formed in the case has
retained Conway MacKenzie, Inc., as financial advisor, Elliott
Greenleaf, P.C., as Delaware counsel, and Brown Rudnick LLP as
bankruptcy counsel.


PHILMONT AVENUE: Seeks to Hire Bielli & Klauder as Counsel
----------------------------------------------------------
Philmont Avenue Lower Moreland, LP, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Bielli & Klauder, LLC, as counsel to the Debtor.

Philmont Avenue requires Bielli & Klauder to:

   a. give the Debtor legal advice with respect to its powers and
      duties as the Debtor and Debtor-in-Possession;

   b. prepare on behalf of the Debtor necessary applications,
      answers, orders, reports and other legal papers;

   c. represent the Debtor in defense of any proceedings
      instituted to reclaim property or to obtain relief from the
      automatic stay under section 362(a) of the Bankruptcy Code;

   d. assist the Debtor in the preparation of schedules,
      statements of financial affairs, and any amendments
      thereto, which the Debtor may be required to file in this
      case;

   e. assist the Debtor in the preparation of a plan of
      reorganization and disclosure statement;

   f. assist the Debtor with any potential sales of its assets
      pursuant to section 363 of the Bankruptcy Code; and

   g. perform all other legal services for the Debtor which may
      be necessary herein.

Bielli & Klauder will be paid at these hourly rates:

     Thomas D. Bielli                $350
     David M. Klauder                $350
     Nella M. Bloom (of Counsel)     $325
     Kathleen Seligman (Of counsel)  $325

Prior to the Petition Date, Bielli & Klauder received $11,717 as
retainer. Prior to the Petition Date, Bielli & Klauder drew down
$4,739.50 from the retainer for bankruptcy preparation fees and
expenses incurred prior to the filing, including the filing fee for
initiating the bankruptcy case.

Bielli & Klauder will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Thomas Bielli, Esq., a partner at Bielli & Klauder, LLC, disclosed
in a court filing that the firm is "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Thomas Daniel Bielli, Esq.
     BIELLI & KLAUDER, LLC
     1500 Walnut Street, Suite 900
     Philadelphia, PA 19102
     Tel: 215-642-8271
     Fax: 215-754-4177
     E-mail: tbielli@bk-legal.com

             About Philmont Avenue Lower Moreland

Philmont Avenue Lower Moreland, LP, based in Huntington Valley, PA,
filed a Chapter 11 petition (Bankr. E.D. Pa. Case No. 19-16760) on
October 30, 2019. The Hon. Ashely M. Chan presides over the case.
In its petition, the Debtor was estimated to have $1 million to $10
million in both assets and liabilities.  The petition was signed by
Vincent Anastasi, managing member of general partner.
Thomas Bielli, Esq., at Bielli & Klauder, LLC, serves as bankruptcy
counsel to the Debtor.


PLYMOUTH PLACE: Fitch Affirms BB+ on 2013 & 2015 Revenue Bonds
--------------------------------------------------------------
Fitch Ratings affirmed the 'BB+' rating on approximately $25
million of series 2013 and $53 million of series 2015 fixed rate
revenue bonds issued by the Illinois Finance Authority on behalf of
Plymouth Place.

The Rating Outlook has been revised to Stable from Negative.

SECURITY

The bonds are secured by an interest in the gross revenues of the
obligated group, a security interest in certain mortgaged
properties, and a debt service reserve fund (DSRF). Plymouth Place
is the sole member of the OG and accounts for 100% of consolidated
assets and operating revenues.

KEY RATING DRIVERS

GOOD OPERATING PROFILE: The service area around La Grange Park, IL
is sound, with well above-average income levels and property
values. The Chicago metro area has many competitors for senior
living, but no new developments in the immediate service area.

IMPROVED FINANCIAL PROFILE: The Outlook revision to Stable reflects
Plymouth Place's materially improved operating margins in fiscal
2018 and through nine-months fiscal 2019. Liquidity ratios remain
sound for a non-investment-grade lifeplan community (LPC). Maximum
annual debt service (MADS) coverage is adequate for a
below-investment-grade LPC. ILU occupancy rates remain high and ALU
occupancy has improved.

MANAGEABLE LONG-TERM LIABILITY PROFILE: The debt burden is
manageable for a non-investment-grade LPC. MADS as a percentage of
revenue measured 18% in fiscal 2018. Debt-to-net remains sound.

MANAGEABLE CAPITAL SPENDING PLANS: Near-term capital spending plans
are manageable. Plymouth Place has engaged a feasibility study to
assess whether or not to expand the East Campus.

ASYMMETRIC RISK FACTORS: There are no asymmetric risk factors
associated with Plymouth Place's rating.

RATING SENSITIVITIES

IMPROVED OPERATING RESULTS: The Outlook revision to Stable from
Negative reflects Plymouth Place's materially improved operating
margins in fiscal 2018 and interim fiscal 2019. Maintenance of
stronger margins and notably improved liquidity and debt ratios
(particularly cash-to-debt) could lead to positive rating movement,
depending also on the results of the East Campus feasibility study
and any associated new debt plans. To that end, a material increase
in debt and weakening of leverage ratios could pressure Plymouth
Place's rating.

CREDIT PROFILE

Plymouth Place operates a Type A LPC located in La Grange Park, IL,
roughly 15 miles southwest of downtown Chicago. The organization
operates 182 ILU apartments, 52 ALUs, 26 memory support units, and
86 SNFs. While Plymouth Place offers an array of contracts (from 0%
refundable to 90% refundable), most are 90% refundable types.
Management has worked recently to diversify its contract types, and
recently has sold more 70% refundable contracts in the last year.
Plymouth Place was incorporated in 1939 and began operations in
1944. A replacement facility opened in 2007. Total operating
revenue measured nearly $30 million in audited fiscal 2018 (Dec. 31
year-end).

Plymouth Place has undergone a number of senior management changes
recently. A new CEO with over 30 years of senior living experience
joined as of early 2018, after a planned retirement transition. A
new in-house CFO joined the organization in June 2019, as part of a
planned transition away from a contracted CFO. The organization
also has relatively new Sales, Human Resources, Nursing and Support
Service Directors who have helped to develop clinical and financial
improvements experienced in the last two years. Plymouth Place and
Providence Life Services (PLS) have had a management relationship
for approximately 20 years. As part of the recent senior management
hires and development of new senior staff at Plymouth Place, PLS'
responsibilities over Plymouth Place are being reduced (e.g., PLS
no longer serves as CFO effective Dec. 1, 2019). Nevertheless, a
relationship will remain in place between the two organizations.
Providence owns and operates an LPC in Illinois and provides a full
continuum of care in 12 facilities in Illinois, Indiana and
Michigan.

GOOD OPERATING PROFILE

The service area around La Grange and La Grange Park, IL is sound.
Property values in the communities are above-average and management
reports that home sales turnover. While population growth and other
economic indicators in the Chicago metropolitan area are mixed, La
Grange and La Grange Park are among the wealthier communities in
the area with well above-average median household income levels.

As a large and diversified area, the Chicagoland has many
competitors for senior living options. Management notes that no new
developments in the immediate La Grange Park service area are
planned and new developments in the broader area are more rental
focused and therefore not directly competing for the same resident
population.

Plymouth Place's occupancy rates are good. ILU occupancy remains
high, measuring 96% in 2018 and 94% through September 2019. ALU
occupancy has improved considerably recently, increasing from 87%
at year-end 2017, to 98% at year-end 2018, to 100% through
September 2019. After dipping just below 90% in 2018, SNF occupancy
rebounded in interim 2019 to 94% as of September 2019.

IMPROVED FINANCIAL PROFILE

The Outlook revision to Stable from Negative reflects Plymouth
Place's materially improved operating results in fiscal 2018 and
interim fiscal 2019. Plymouth Place's net operating margin -
adjusted (NOM-adjusted) measured 21.8% in fiscal 2018, up from
10.3% in fiscal 2017. Elevated results continue in interim fiscal
2019, as NOM-adjusted measured 22.1% through nine-months 2019 (as
of September 30) (non-investment grade median is 19.4%).

The improved results are a function of a number of management
initiatives, including: reduction in staff turnover and vacancy
rates, which helped Plymouth Place to eliminate agency staff;
elimination of the out-sourced dining contract; improved management
of staff overtime; a shift in SNF payor mix from Medicare to
private pay; and the aforementioned increase in ALU occupancy rate.
Looking forward, management expects Plymouth Place to maintain a
NOM-adjusted in the 20% range or better.

Liquidity ratios remain sound for a non-investment-grade LPC. At
FYE 2018, cash on hand exceeded 350 days (non-investment-grade
median is 312 days) and cash-to-debt measured 37%
(non-investment-grade median is 33%). At Sept. 30, 2019, cash on
hand measured nearly 370 days and cash-to-debt 39%.

MADS coverage is adequate for a non-investment-grade LPC, measuring
1.6x in fiscal 2018 and 1.5x through nine-months fiscal 2019. The
non-investment grade median MADS coverage is 1.3x.

MANAGEABLE LONG-TERM LIABILITY PROFILE

Plymouth Place's debt burden is manageable for a
non-investment-grade LPC. MADS as a percentage of revenue measured
18% in fiscal 2018 (non-investment-grade median is 17%).
Debt-to-net available remains adequate at 8.6x in fiscal 2018 and
9.0x through nine-months fiscal 2019 (non-investment grade median
is 10.9x). All Plymouth Place debt is fixed-rate. The organization
does not have debt equivalents (i.e., defined benefit pension plan
or operating leases).

MANAGEABLE CAPITAL SPENDING PLANS

Plymouth Place's near-term capital spending plans are manageable,
as routine annual capex should be in the $2 million - $3 million
range. The facility's average age of plant measured a sound 11.6
years at FYE 2018. Plymouth Place opened its updated Bistro in
December 2019. Current and upcoming projects include a refresh of
healthcare resident rooms, elevator replacement, and updated memory
care units.

Management team is in the early stages of a financial feasibility
study to determine whether or not to expand its East Campus. That
project, if it moves forward, may include new money debt and/or be
supported by fundraising. Fitch will evaluate the credit
implication of the East Campus and any related financing should the
East Campus project move forward.


PURDUE PHARMA: Schulte Roth Represents Hospital Group
-----------------------------------------------------
In the Chapter 11 cases of Purdue Pharma L.P., et al., the law firm
of Schulte Roth & Zabel LLP submitted a verified statement under
Rule 2019 of the Federal Rules of Bankruptcy Procedure to disclose
that it is representing an Ad Hoc Group of Hospitals.

On or about November 26, 2019, the Ad Hoc Group of Hospitals was
formed, and the law firms that represent its members retained
Schulte Roth & Zabel LLP to represent the Ad Hoc Group of Hospitals
in connection with the Debtors' chapter 11 cases. The Ad Hoc Group
of Hospitals currently consists of hundreds of hospitals across the
United States.

On November 30, 2017, certain members of the Ad Hoc Group of
Hospitals, as putative class representatives on behalf of
themselves and all hospitals who have treated patients for
conditions related to the use of opiates manufactured by the
Debtors and other manufacturers, filed a class action suit against
(i) the Debtors and other opioid manufacturers, (ii) certain opioid
distributors, and (iii) certain retailers.

The Ad Hoc Group of Hospitals currently represents approximately
10% of the hospitals in the United States that collectively hold in
excess of $303 billion of claims against the Debtors, including,
without limitation, for (i) violations of the Racketeer Influenced
and Corrupt Organizations Act, 18 U.S.C. § 1961, et seq. and state
law equivalents, (ii) nuisance, (iii) negligence, (iv) common law
fraud, (v) violations of state consumer protection statutes, (vi)
civil conspiracy and (vii) unjust enrichment. If the RICO
allegations are successful, these hospitals will have treble
damages.

The hospitals have been uniquely impacted by the opioid epidemic
that was created, in part, by the Debtors' actions and omissions.
Hospitals are required to treat patients with opioid-related
conditions, including (i) opioid overdose, (ii) opioid addiction,
(iii) hepatitis C, (iv) HIV and other infections occurring as a
result of intravenous drug use, (v) neonatal treatment for babies
born opioid-dependent and (vi) psychiatric and related conditions
for patients suffering from opioid addiction. Patients with
opioid-related conditions naturally seek treatment from hospitals,
including those in the Ad Hoc Group of Hospitals, which treatment
comes at a significant cost to these hospitals. Among the damages
caused to the hospitals by the opioid epidemic are the substantial
increased operational costs, including (a) treatments that are more
complex and expensive than they otherwise would be were the
patients not opioid-affected because, among other things, these
treatments require special protective measures and prescription
drugs that the hospitals must provide, (b) increased patient
admissions, (c) the diversion of funds from other non-opioid
required patient health care, (d) additional human resources, (e)
increased training and staff education and (f) increased
psychiatric care. As a result, the hospitals are directly and
monetarily damaged by the opioid epidemic.

Indeed, hospitals have incurred and continue to incur millions of
dollars in damages associated with the expense of uncompensated and
undercompensated care due to the unlawful marketing, distribution
and sale of opioids and through specialized initiatives to combat
the opioid crisis. As much as any other entity, hospitals directly
and monetarily bear the brunt of the opioid crisis.

The statistics are alarming. More than 130 people die each day from
opioid-related overdoses and for every opioid-related death, there
are on average 10 hospital admissions for abuse, 26 emergency
department visits for misuse and at least $4,350,000 in
healthcare-related costs.  More than 50% of patients who enter
emergency rooms with opioid overdoses are admitted to the hospital.
Further, approximately 40% of the opioid overdoses patients
admitted experience organ failure resulting in exponentially higher
treatment costs.  Private insurance only covers a portion of these
treatment costs, and the increased volume of opioid-affected
patients has caused existential financial losses for hospitals.

The cost of the opioid epidemic to even small and medium-size
hospitals has been—and will continue for the foreseeable future
to be—enormous. For example, West Virginia University Health
System has by itself suffered more than $1 billion in losses
treating patients with opioid abuse issues.

Significantly, the vast majority of hospitals are not represented
by the states and municipalities that have brought similar cases
against the Debtors. The hospitals are fighting for their survival
in the face of the opioid epidemic and are incurring demonstrable
and significant damages. Critically, the members of the Ad Hoc
Group of Hospitals will not directly benefit from any recovery
received by the states, municipalities or counties.

As of Dec. 3, 2019, members of the Ad Hoc Group of Hospitals and
their disclosable economic interests are:

   (1) Abilene Regional Medical Center

       Community Health Systems, Inc.
       6250 US-83
       Abilene, TX 79606

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (2) Abrazo Arizona Heart Hospital

       Tenet Healthcare Corporation
       1930 East Thomas Rd
       Phoenix, AZ 85016

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (3) Abrazo Arrowhead Campus

       Tenet Healthcare Corporation
       18701 North 67th Ave
       Glendale, AZ 85308

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (4) Abrazo Central Hospital

       Tenet Healthcare Corporation
       2000 West Bethany Home Rd
       Phoenix, AZ 85015

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (5) Abrazo Scottsdale Campus

       Tenet Healthcare Corporation
       3929 East Bell Rd
       Phoenix, AZ 85032

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (6) Abrazo West Campus

       Tenet Healthcare Corporation
       13677 West McDowell Rd
       Goodyear, AZ 85395

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (7) Advanced Care Hospital of White County

       Unity Health
       1200 South Main Street
       Searcy, AR 72143

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (8) Affinity Hospital, LLC d/b/a Grandview Medical Center

       Community Health Systems, Inc.
       3690 Grandview Pkwy
       Birmingham, AL 35243

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

   (9) Alliance Health Care
       1430 Hwy 4 East
       Holly Springs, MS 38635

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (10) AllianceHealth Clinton

       Community Health
       100 N. 30th St
       Clinton, OK 73601

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (11) AllianceHealth Deaconess (Sold)

       Community Health Systems, Inc.
       5501 North Portland Ave
       Oklahoma City, OK 73112

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (12) AllianceHealth Durant

       Community Health Systems, Inc.
       1800 University Blvd
       Durant, OK 74701

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (13) AllianceHealth Madill

       Community Health
       901 S. 5th Ave
       Madill, OK 73446

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (14) AllianceHealth Midwest

       Community Health Systems, Inc.
       2825 Parklawn Dr
       Midwest City, OK 73110

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (15) AllianceHealth Ponca City

       Community Health Systems, Inc.
       1900 N. 14th St
       Ponca City, OK 74601

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (16) AllianceHealth Seminole

       Community Health Systems, Inc.
       2401 Wrangler Blvd
       Seminole, OK 74868

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (17) AllianceHealth Woodward

       Community Health Systems, Inc.
       900 17th St
       Woodward, OK 73801

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (18) American Hospital Management Corporation d/b/a Mad River
       3800 Janes Rd
       Arcata, CA 95521

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (19) Anderson Regional Health System
       2124 14th St
       Meridian, MS 39301

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

  (20) Anna Hospital Corporation d/b/a Union County Hospital

       QHCCS, LLC
       517 N. Main St.
       Anna, IL 62906

       * Unsecured, unliquidated claim(s) for, among other things,
         compensatory and punitive damages.

Counsel to the Ad Hoc Group of Hospitals can be reached at:

          Kristine Manoukian, Esq.
          James T. Bentley, Esq.
          SCHULTE ROTH & ZABEL LLP
          919 Third Avenue
          New York, NY 10022
          Telephone: (212)756-2000
          Facsimile: (212)593-5955
          Email: Kristine.Manoukian@srz.com
                 James.Bentley@srz.com

A copy of the Rule 2019 filing is available at https://is.gd/rAe23n
and https://is.gd/QqwMDJ from PacerMonitor.com

                    About Purdue Pharma

Purdue Pharma L.P. and its subsidiaries --
http://www.purduepharma.com/-- develop and provide prescription
medicines and consumer products that meet the evolving needs of
healthcare professionals, patients, consumers and caregivers.

Purdue's subsidiaries include Adlon Therapeutics L.P., focused on
treatment for Attention-Deficit/Hyperactivity Disorder (ADHD) and
related disorders; Avrio Health L.P., a consumer health products
company that champions an improved quality of life for people in
the United States through the reimagining of innovative product
solutions; Imbrium Therapeutics L.P., established to further
advance the emerging portfolio and develop the pipeline in the
areas of CNS, non-opioid pain medicines, and select oncology
through internal research, strategic collaborations and
partnerships; and Greenfield Bioventures L.P., an investment
vehicle focused on value-inflection in early stages of clinical
development.

Opioid makers in the U.S. are facing pressure from a crackdown on
the addictive drug in the wake of the opioid crisis and as state
attorneys general file lawsuits against manufacturers.  More than
2,000 states, counties, municipalities and Native American
governments have sued Purdue Pharma and other pharmaceutical
companies for their role in the opioid crisis in the U.S., which
has contributed to the more than 700,000 drug overdose deaths in
the U.S. since 1999.

OxyContin, Purdue Pharma's most prominent pain medication, has been
the target of over 2,600 civil actions pending in various state and
federal courts and other fora across the United States and its
territories.

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation facing the Company.

The Company's consolidated balance sheet at Aug. 31, 2019, showed
$1.972 billion in assets and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain, in White Plains, New York, has
been assigned to oversee Purdue's Chapter 11 case.

Davis Polk & Wardwell LLP and Dechert LLP are serving as legal
counsel to Purdue.  PJT Partners is serving as investment banker,
and AlixPartners is serving as financial advisor.  Prime Clerk LLC
is the claims agent.

Counsel to the Official Committee of Unsecured Creditors are Akin
Gump Strauss Hauer & Feld LLP and Bayard, P.A.


RICKY TUCKER: Court Approves $1.15M Sale of Tifton Property
-----------------------------------------------------------
Judge John Laney, III of the U.S. Bankruptcy Court for the Middle
District of Georgia authorized Ricky Wayne Tucker and Ricky Clay
Tucker to sell their real property located at 3090 Highway 41
South, Tifton, Ga.

The property will be sold to Justin Jones for $1.15 million "free
and clear of all liens, claims and interest, which will attach to
the proceeds of the sale," according to the bankruptcy judge's
order.

Weeks Auction Group, Inc. will get an 8 percent broker commission.


A copy of the sale agreement is available at
https://tinyurl.com/smogfmn from PacerMonitor.com free of charge.

                         About The Tuckers

Ricky Wayne Tucker and Ricky Clay Tucker sought Chapter 11
protection (Bankr. M.D. Ga. Case No. 18-70448) on April 19, 2018.
The Debtors tapped Christopher W. Terry, Esq., at Stone and Baxter,
LLP, as their legal counsel.  The case is assigned to Judge John
Laney, III.


RUBY'S DINER: Seeks to Extend Solicitation Period to Feb. 28
------------------------------------------------------------
Ruby's Diner, Inc. asked the U.S. Bankruptcy Court for the Central
District of California to extend the exclusive period to solicit
acceptances for its Chapter 11 plan of reorganization to Feb. 28,
2020.

The company needs at least 80 more days to solicit votes from
creditors.  Based on the company's projected timeline on
confirmation of its proposed plan, the hearing will occur on or
about Feb. 5, 2020, and the effective date of the plan will occur
on or about Feb. 27, 2020.  

Moreover, the extension will allow the company to seek approval of
its disclosure statement at the hearing on Dec. 19 during which it
will ask the bankruptcy court to schedule dates and deadlines
relating to solicitation of votes and confirmation of the plan.

                     About Ruby's Diner Inc.

Ruby's Diner, Inc. -- https://www.rubys.com/ -- is a restaurant
chain headquartered in Irvine, California. Founded by Doug
Cavanaugh and Ralph Kosmides in 1982, it also has locations in
California, Nevada, Arizona, Texas, Pennsylvania and New Jersey.

Ruby's Diner sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 18-13311) on Sept. 5, 2018.  In the
petition signed by CEO Douglas S. Cavanaugh, the Debtor was
estimated to have assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Judge Catherine E. Bauer
oversees the case.  The Debtor tapped Pachulski Stang Ziehl & Jones
LLP as its legal counsel.


RUSSELL INVESTMENTS: Fitch Withdraws 'BB' LongTerm IDR
------------------------------------------------------
Fitch Ratings affirmed and withdrawn Russell Investments Cayman
Midco. Ltd., Russell Investments U.S. Institutional Holdco, Inc.,
and Russell Investments U.S. Retail Holdco, Inc.'s Long-Term Issuer
Default Ratings and senior secured debt ratings at 'BB'.

The ratings are being withdrawn by mutual agreement between Fitch
and the issuer.

KEY RATING DRIVERS

The affirmations reflect Russell's strong franchise in the
multi-asset product space, asset under management diversification,
scalable business model, historically strong fund performance
relative to benchmarks and peers, and profitability margin
expansion as a result of strong cost management. The ratings are
constrained by Russell's relatively high leverage, low interest and
fixed-charge coverage, lower margins relative to higher-rated
peers, and a fully-secured wholesale funding profile. Ratings are
also constrained by the sensitivity of the business model to
changes in market conditions and investor appetite for actively
managed investment products.

RATING SENSITIVITIES

Rating sensitivities are no longer relevant given the rating
withdrawals.


SCHRAD LTD: New Mill Capital Approved as Auctioneer
---------------------------------------------------
Red Apple Resources of South Texas, Inc., Honey Bee Bakers, LLC,
and Schrad, Ltd., sought and obtained an order from the U.S.
Bankruptcy Court for the the Western District of Texas approving
their employment of New Mill Capital Holdings, LLC, as Liquidating
Agent for the purpose of selling the assets of the estate,
specifically personal property located in the Debtors' operating
facility.

The Debtors need New Mill Capital to conduct the sale of assets of
the estate in accordance with the proposed agreement.

New Mill Capital is on the list of approved auctioneers maintained
by the United States Trustee and subscribes to the blanket bond
arranged by the United States Trustees.

The assets of the estate consist of personal property which include
equipment used in the Debtors' operations consisting of mixers,
dough rollers, pie machines, case sealers, a forklift, and other
production equipment used to make products such as cookie dough,
cheesecakes, and other confections.

New Mill agrees to conduct an auction sale in accordance with the
United States Trustee's Guidelines for the Conduct of Auction Sales
and will share total gross sales 95%/5% in favor of Red Apple
Resources. All expenses will be advanced by New Mill and the
Debtors. New Mill guarantees a minimum net return of $155,000 to
the Debtors, the next $20,000 in gross proceeds go to Rosen. Gross
proceeds in excess to $175,000 will be shared 90%/10% in favor of
the Debtors. For the outright purchase of all assets, New Mill will
pay the Debtors $177,500.  New Mill will also advance $8,000 out of
pocket for advertising and will not seek reimbursement for this
amount.

New Mill's expenses will be paid from the industry standard 15%
buyers' commission. This commission will increase by 3% in the
event the property is sold online.

New Mill will conduct an online auction which will take place on
the internet and accessed through its website.

New Mill's proposal provides for a piecemeal or bulk sale. It
anticipates that the sale proceeds will be remitted 45 days after
the sale process is initiated.

                        About Schrad Ltd

Schrad Ltd. and its affiliates, Honey Bee Bakers, LLC and Red
Apple
Resources of South Texas, sought protection under Chapter 11 of
the
Bankruptcy Code (Bankr. W.D. Tex. Lead Case No. 19-51331) on June
3, 2019.  In the petitions signed by James E. Schrad, president,
Schrad estimated assets and liabilities of less than $50,000.  The
Debtors are represented by the Law Office of Michael J. O'Connor.



SEARS HOLDING: Asian Vendor Appeals Ruling on Admin. Claim
----------------------------------------------------------
Calfee, Halter & Griswold LLP, on behalf of a Hong Kong-based
client, recently initiated an appeal from an order entered by the
United States Bankruptcy Court for the Southern District of New
York in the Chapter 11 bankruptcy cases of Sears Holding
Corporation and its affiliated debtors.

Calfee brought the appeal to the United States District Court for
the Southern District of New York to vindicate the interests of its
client, an Asian vendor that physically delivered goods to Sears
both in the 20 days prior to the bankruptcy filing and after the
bankruptcy filing.  Under federal bankruptcy law, those claims
should be afforded administrative expense priority and must be paid
in full under a plan of reorganization.  Asian vendors, that could
have stopped shipments as they crossed the ocean prior to delivery
to Sears in the U.S., would face grievous harm by the result
advocated by Sears and adopted by the bankruptcy court in its
recent ruling.

Calfee Business Restructuring and Insolvency practice group
co-chair and partner, H. Jeffrey Schwartz, lead counsel for the
Asian vendor client, said "We believe Congress intended that
vendors that deliver goods so that they are received both
immediately prior to a bankruptcy, and on or after the bankruptcy
filing date, have their claims treated similarly and paid as
administrative expenses.  The appeal asserts that both Sears and
the bankruptcy court applied the Bankruptcy Code in a manner that
imposes disparate treatment of similarly situated claims."

The appeal recites that although at the beginning of the bankruptcy
cases Sears requested, and the bankruptcy court expressly granted,
administrative expense priority treatment for vendors that
delivered goods on account of prepetition orders to Sears on and
after the bankruptcy filing date, Sears subsequently objected to
that very priority treatment and requested that the bankruptcy
court change course and treat those claims as general unsecured
claims.  If Sears succeeds in stripping the priority from those
claims, they, as general unsecured claims, will likely receive de
minimus recovery in the bankruptcy cases.

Mr. Schwartz stated, "As the Third Circuit Court of Appeals
recently held in the case of goods delivered in the 20 days prior
to a bankruptcy case filing, the date goods of value are delivered
to, and physically received by, a customer in bankruptcy is
determinative of the priority of such claims, and the Bankruptcy
Code should be read in a manner that harmonizes the subsections
granting administrative expense priority and not in a manner that
leads to an absurd result."

Clarity on this issue of claim priority is critical to Asian
vendors that ship products from China or other Asian countries
weeks or even months before a bankruptcy filing and typically would
receive payment in full in the ordinary course for those goods
physically delivered after the bankruptcy filing.  If Calfee's
client prevails in the appeal, a favorable precedent would be set
for all foreign vendors, including in particular Asian vendors, by
confirming administrative priority on claims for goods physically
delivered to customers from and after 20 days preceding a
bankruptcy filing date.

                        About Sears Holdings

Sears Holdings Corporation (OTCMKTS: SHLDQ) --
http://www.searsholdings.com/-- began as a mail ordering catalog
company in 1887 and became the world's largest retailer in the
1960s.  At its peak, Sears was present in almost every big mall
across the U.S., and sold everything from toys and auto parts to
mail-order homes.  Sears claims to be is a market leader in the
appliance, tool, lawn and garden, fitness equipment, and automotive
repair and maintenance retail sectors.

Sears and Kmart merged to form Sears Holdings in 2005 when they had
3,500 US stores between them. Kmart emerged in 2005 from its own
bankruptcy.

Unable to keep up with online stores and other brick-and-mortar
retailers, a long series of store closings has left it with 687
retail stores in 49 states, Guam, Puerto Rico, and the U.S. Virgin
Islands as of mid-October 2018.  The Company employs 68,000
individuals, of whom 32,000 are full-time employees.

As of Aug. 4, 2018, Sears Holdings had $6.93 billion in total
assets, $11.33 billion in total liabilities and a total deficit of
$4.40 billion.

Unable to cover a $134 million debt payment due Oct. 15, 2018,
Sears Holdings Corporation and 49 subsidiaries sought Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 18-23538) on Oct. 15,
2018.

The Hon. Robert D. Drain is the case judge.

The Debtors tapped Weil, Gotshal & Manges LLP as legal counsel;
M-III Partners as restructuring advisor; Lazard Freres & Co. LLC as
investment banker; DLA Piper LLP as real estate advisor; and Prime
Clerk as claims and noticing agent.

The U.S. Trustee for Region 2 appointed nine creditors, including
the Pension Benefit Guaranty Corp., and landlord Simon Property
Group, L.P., to serve on the official committee of unsecured
creditors.  The committee tapped Akin Gump Strauss Hauer & Feld LLP
as legal counsel; FTI Consulting as financial advisor; and Houlihan
Lokey Capital, Inc. as investment banker.

The U.S. Trustee for Region 2 on July 9, 2019, appointed five
retirees to serve on the committee representing retirees with life
insurance benefits in the Chapter 11 cases.

                         *     *     *

In February 2019, Bankruptcy Judge Robert Drain granted Sears
Holdings approval to sell the business to majority shareholder and
CEO Eddie Lampert for approximately $5.2 billion.  Lampert's ESL
Investments, Inc., has won an auction to acquire substantially all
of Sears' assets, including the "Go Forward Stores" on a
going-concern basis.  The proposal will allow 425 stores to remain
open and provide ongoing employment to 45,000 employees.



SILVER CREEK: Exclusivity Period Extended to Feb. 6
---------------------------------------------------
Judge Thomas Agresti of the U.S. Bankruptcy Court for the Western
District of Pennsylvania extended the period during only Silver
Creek Services, Inc. can file a Chapter 11 plan to Feb. 6, 2020.  

The company can solicit acceptances for the plan until April 6,
2020.

                About Silver Creek Services Inc.

Silver Creek Services Inc. provides oil and gas field services,
including fracturing, flowback and production testing.

Silver Creek Services filed a voluntary petition under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Penn. Case No. 19-22775) on
July 11, 2019.  In the petition signed by Michael Didier, chief
executive officer, the Debtor disclosed $6,385,000 in assets and
$11,922,381 in liabilities.  Robert O. Lampl, Esq., at Robert O.
Lampl Law Office, is the Debtor's legal counsel.



SOUTH COAST BEHAVIORAL: JS Yung Approved as Tax & Business Advisor
------------------------------------------------------------------
South Coast Behavioral Health Inc., sought and obtained permission
from the U.S. Bankruptcy Court of the Central District of
California to employ Joseph S. Yung & Co. as its tax & business
advisor.

JS Yung will assist the Debtor in two ways:

a)  Advise in the filing compliance of Debtor's federal and state
tax returns for 2015 to 2018, and perform the same with the IRS,
Franchise Tax Board, and California's Employment Development
Department. Furthermore, JS Yung will represent Debtor before the
government taxing agencies to resolve interest, penalties, and
other issues associated with those returns and tax debts.  

b)  Advise the Debtor with its recordkeeping needs, including
consulting the Debtor to ensure certain pre-petition errors are
corrected and not perpetuated. To do so, JS Yung will work directly
with the Debtor's staff.  JS Yung will also oversee bookkeepers
hired by the Debtor to correct certain errors and inconsistencies
in its historic books and records.

For a flat-fee of $60,000, payable monthly increments of $5,000, JS
Yung will represent/assist the Debtor in filing its federal and
state tax returns with the IRS, FTB, and EDD for 2015-2018.

For work not associated with the preparation of the Debtor's taxes
for 2015-2018, inclusive, JS Yung will bill the Debtor at his
normal hourly rate of $250.

JS Yung attests that he does not hold or represent an interest
adverse to the estate, and is a disinterested person as that term
is defined in Section 101(14) of the Bankruptcy Code.

                About South Coast Behavioral Health

South Coast Behavioral Health, Inc. -- https://www.scbh.com/ -- is
a healthcare company that specializes in the in-patient and
outpatient treatment of addicts, alcoholics, and persons dealing
with mental health issues.  It offers a clinically supervised
residential sub acute detox services, therapeutic and residential
treatment centers, intensive outpatient treatment services, and
partial hospitalization programs.

South Coast Behavioral Health sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. C.D. Cal. Case No. 19-12375) on June
20, 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 is assigned to Judge Mark S. Wallace.  Nicastro &
Associates, P.C., is the Debtor's legal counsel.



STANDARD RUBBER: Exclusivity Period Extended Until March 27
-----------------------------------------------------------
Judge Melvin Hoffman of the U.S. Bankruptcy Court for the District
of Massachusetts extended the exclusive period during which
Standard Rubber Products, Inc. can file a Chapter 11 plan of
reorganization and solicit acceptances for the plan to March 27,
2020.

                About Standard Rubber Products

Standard Rubber Products, Inc. manufactures rubberized goods,
rubberized fabrics and miscellaneous rubber specialties.

Standard Rubber Products sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 19-11911) on June 3,
2019.  At the time of the filing, the Debtor disclosed $673,799 in
assets and $1,421,371 in liabilities.  The case is assigned to
Judge Melvin S. Hoffman.  Parker & Associates is the Debtor's legal
counsel.


TATUADO HOSPITALITY: Taps Andersen Law Firm as Counsel
------------------------------------------------------
Tatuado Hospitality Management Group sought and obtained authority
from the U.S. Bankruptcy Court for the District of Nevada to employ
Andersen Law Firm as its general reorganization counsel.

Legal services provided by Andersen Law Firm as general
reorganization counsel are necessary to allow the Debtor to
faithfully perform its duty as a debtor-in-possession and to allow
the Debtor to successfully reorganize and negotiate with
creditors.

Andersen Law Firm will provide, among others, these legal
services:

a)  Advise the Debtor with respect to its powers and duties as a
debtor and debtors-in-possession in the continued management and
operation of its business and property;

b)  Attend meetings and negotiate with representatives of creditors
and other parties in interest and advise and consult on the conduct
of the Chapter 11 case, including the legal and administrative
requirements of operating in Chapter 11;

c)  Take all necessary action to protect and preserve the
bankruptcy estate, including the prosecution of actions on its
behalf, the defense of any actions commenced against the bankruptcy
estate, negotiations concerning all litigation in which the Debtor
may be involved, and objections to claims filed against the
bankruptcy estate;

d)  Prepare on behalf of the Debtor all motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estate;

e)  Negotiate and prepare on the Debtor's behalf plan(s) of
reorganization, disclosure statement(s), and all related agreements
and/or documents and take any necessary action on behalf of the
Debtor to obtain confirmation of such plan(s);

f)  Advise the Debtor in connection with any sale of assets;

g)  Appear before this Court, any appellate courts, and the U.S.
Trustee, and protect the interests of the bankruptcy estate before
such courts and the U.S. Trustee; and

h)  Perform all other necessary legal services and provide all
other necessary legal advice to the Debtor in connection with its
Chapter 11 case.

Andersen Law Firm's prevailing hourly rates are: for Ryan A.
Andersen, Esq., $360; for Ani Biesiada, Esq., $270; and for
paralegals, $130.

As Andersen Law Firm does with other Clients, the firm will charge
the Debtor for all other costs and expenses, including, without
limitation, printing and duplication (at the rate of $0.05 per
black and white impression and $0.15 per color impression), travel,
business meals (but neverovertime meals), postage, delivery and
courier services, computerized legal research, court fees,witness
fees, and other fees related to trials and hearings.

Andersen Law Firm attests that the firm and its attorneys (i) do
not have any connection with Debtor, its affiliates, creditors, the
United States Trustee or any person employed in the Office of the
United States Trustee, or any other party in interest or their
respective attorneys and accounts; (ii) are disinterested persons
as such term is defined in Section 101(14) of the Bankruptcy Code;
and (iii) do not hold or represent any interest adverse to the
Debtor or its bankruptcy estate.

                       About Tatuado Hospitality

Tatuado Hospitality Management Group LLC filed for Chapter 11
bankruptcy (Bankr. D. Nev. Case No. 19-16965) on October 28, 2019,
listing under $1 million in both assets and liabilities.  Ryan A.
Andersen, Esq., at Andersen Law Firm, Ltd., serves as counsel to
the Debtor.

Tatuado Hospitality Management Group, LLC, a Nevada company formed
in September 2013, operates two restaurants and bars in Southern
Nevada.  It owns Vince Neil's Tatuado Eat Drink Party located
inside the Circus Circus Hotel and Casino in Las Vegas, and Vince
Neil's Tatuado Wild Side Tavern located along Gamebird Road,
Pahrump.

The Debtor previously sought Chapter 11 protection (Bankr. D. Nev.
Case No. 16-10460) on Feb. 1, 2016, and was represented by Samuel
A. Schwartz, Esq., and Bryan A. Lindsey, Esq., at Schwartz
Flansburg PLLC.  At the time of the filing, the Debtor estimated
assets of less than $50,000 and liabilities of $1 million to $10
million.



THERXSERVICES INC: Seeks to Hire Buddy D. Ford as Counsel
---------------------------------------------------------
TheRXServices, Inc., seeks authority from the U.S. Bankruptcy Court
for the Middle District of Florida to employ Buddy D. Ford, P.A.,
as counsel to the Debtor.

TheRXServices, Inc., requires Buddy D. Ford to:

   a. provide analysis of the financial situation and render
      advice and assistance to the Debtor in determining whether
      to file a petition under Title 11, United States Code;

   b. advise the Debtor with regard to the powers and duties of
      the Debtor in the continued operation of the business and
      management of the property of the estate;

   c. prepare and file the petition, schedules of assets and
      liabilities, statement of affairs, and other documents
      required by the Court;

   d. represent the Debtor at the Sec. 341 Creditor's meeting;

   e. give the Debtor legal advice with respect to its powers and
      duties as Debtor and as Debtor in Possession in the
      continued operation of its business and management of its
      property;

   f. advise the Debtor with respect to its responsibilities in
      complying with the United States Trustee's Guidelines and
      Reporting Requirements and with the rules of the Court;

   g. prepare, on behalf of the Debtor, necessary motions,
      pleadings, applications, answers, orders, complaints, and
      other legal papers and appear at hearings;

   h. protect the interest of the Debtor in all matters pending
      before the court;

   i. represent the Debtor in negotiation with its creditors in
      the preparation of the Chapter 11 Plan; and

   j. perform all other legal services for Debtor as Debtor-in-
      Possession which may be necessary.

The firm's standard hourly rates are:

     Buddy D. Ford, Esq.            $425
     Sr. Associate Attorneys        $375
     Jr. Associate Attorneys        $300
     Paralegals                     $150
     Jr. Paralegals                 $100

Prior to the commencement of the bankruptcy case, the Debtor paid
Buddy D. Ford a retainer of $25,000.

Buddy D. Ford will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Buddy D. Ford, partner of Buddy D. Ford, P.A., attests that his
firm represents no interest adverse to Debtor or the estate in
matters upon which it is to be engaged.

The firm can be reached through:

     Buddy D. Ford, Esq.
     Jonathan A. Semach, Esq.
     Heather M. Reel, Esq.
     BUDDY D. FORD, P.A.
     9301 West Hillsborough Avenue
     Tampa, FL 33615-3008
     Tel: (813) 877-4669
     Fax: (813) 877-5543
     E-mail: Buddy@TampaEsq.com
             Jonathan@tampaesq.com
             Heather@tanoaesq.com

                    About TheRXServices, Inc.

TherxServices, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 19-10307) on Oct. 30,
2019.  At the time of the filing, the Debtor was estimated to have
assets of between $100,001 and $500,000 and liabilities of the same
range.  The Debtor tapped Buddy D. Ford, P.A. as its legal counsel,
and Myers & Wright, P.A. as its accountant.



TRI-CORE PARTNERS: Seeks to Extend Exclusivity Period to Feb. 22
----------------------------------------------------------------
Tri-Core Partners USA LLC asked the U.S. Bankruptcy Court for the
Southern District of Florida to extend the exclusivity period to
file its Chapter 11 plan to Feb. 22, 2020, and the period to
solicit acceptances for the plan to April 22, 2020.

The company said it needs additional time to determine the
treatment of claims under its bankruptcy plan and seek approval of
its settlement agreement with Expansion Capital Group, one of the
company's largest creditors.

                   About Tri-core Partners USA

Tri-Core Partners USA LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 19-16931) on May 24,
2019.  At the time of the filing, the Debtor was estimated to have
assets between $100,001 and $500,000 and liabilities of the same
range.  The petition was signed by the Debtor's manager, Darrian
Kelly.  The case is assigned to Judge Mindy A. Mora.  Kelley,
Fulton & Kaplan, P.L., is the Debtor's legal counsel.  The U.S.
Trustee did not appoint an official committee of unsecured
creditors in the Debtor's bankruptcy case.


UNIVERSAL FIBER: Moody's Alters Outlook on B3 CFR to Negative
-------------------------------------------------------------
Moody's Investors Service changed Universal Fiber Systems, LLC's
outlook to negative from positive. At the same time, Moody's has
affirmed the company's B3 Corporate Family Rating, B2 first lien
senior secured rating, and Caa2 second lien senior secured rating.

"The negative outlook reflects the secular decline in commercial
carpet in North America and continued weakness in Universal Fiber's
earnings, which in turn will narrow the company's headroom under
its financial maintenance covenant in its first-lien term loan
agreement," says Jiming Zou, a Moody's Vice President and Senior
Analyst.

Rating affirmations:

Issuer: Universal Fiber Systems, LLC

Corporate Family Rating, affirmed B3;

Probability of Default Rating, affirmed B3-PD;

Senior Secured First Lien Revolving Credit Facility, affirmed B2
(LGD3);

Senior Secured First Lien Term Loan, affirmed B2 (LGD3);

Senior Secured Second Lien Term Loan, affirmed Caa2 (LGD6);

Outlook actions:

Issuer: Universal Fiber Systems, LLC

Outlook, changed to negative from positive

RATINGS RATIONALE

Universal Fiber's Total Leverage Ratio rose to 5.63x for the
quarter ending September 30, 2019, up from 5.39x three months ago,
due to its recent earnings decline. The company continues to face
the headwinds of declining demand on nylon fibers from the
commercial carpet industry in North America. As earnings will
remain weak, the risk of exceeding its maximum allowable Total
Leverage Ratio of 5.75x will increase in 2020. Moody's expects the
company to initiate talks with its lenders and its private-equity
owner, H.I.G. Capital, to make amendments to its credit agreement
or find a refinancing option, which is important to maintaining
adequate liquidity. The owner has the ability to cure any shortfall
for two consecutive quarters but not three. In March 2019,
Universal Fiber agreed with its lenders and amended its credit
amendments including the extension of the revolver maturity and
more lenient financial covenant. However, its recent operating
performance has been weaker than expected, prompting the need for
an equity cure or a additional credit agreement amendment.

The company's B3 CFR reflects the company's small business scale,
supplier, and customer concentration, limited operational diversity
and high leverage. The company focuses on the production of
solution-dyed and synthetic fibers used primarily in commercial
carpet, automotive, specialty apparel, military and industrial end
markets. The commercial carpet is the largest end market for
Universal and has experienced a decline in demand in North America
where customers have switched to using luxury vinyl tile in the
last several years. Universal Fibers' sales volume and EBITDA
declined in the first 9 months of 2019 versus the prior-year
period. Its debt/EBITDA, including Moody's adjustments, crept up to
7.0x at the end of September 2019, versus 6.2x at the end of 2018.
The high-cost inventory Nylon 6,6, which impacted the company's
earnings in 2018, has been digested in the recent quarters. In
light of its earnings weakness, the company is likely to be free
cash flow break-even and won't be able to reduce debt in 2020.
Universal Fiber's liquidity is supported by its cash balance of $10
million at the end of September and undrawn $30 million revolver,
assuming Total Leverage Ratio in compliance. While the company has
not borrowed under the facility, its liquidity would be
significantly reduced without access to the facility.

At the same time, the rating is supported by its ability to offer
customized fiber products to meet high performance standards in
applications such as commercial and automotive carpets, apparels,
industrial and military goods. Solid niche market positions,
long-term customer relations and efficient small lot production has
supported EBITDA margin.

The rating also incorporates environmental, social and governance
considerations. Universal Fiber's solution-dyed technology
minimizes water usage and reduces chemical waste by adding colored
pigments directly into the extrusion process. The company doesn't
have environmental liability based on its 2018 financial
statements. For rating the company, Moody's has also considered
risks, such as limited financial disclosure, shareholder
distributions and appetite for high debt leverage, which are
typical for companies owned by private equity firms.

Moody's could downgrade the rating, if the company's earnings and
cash flow continue to deteriorate and the risk of breaching its
financial maintenance covenant doesn't dissipate, or if leverage
exceeds 7.0x and free cash flow turns negative.

Moody's would consider changing the outlook back to stable, if the
company is able to amend its financial maintenance covenant or
improve the headroom under the covenant. Rating upgrade also
requires that the company will improve its earnings and generate
positive free cash flow generation, and leverage, as adjusted by
Moody's, falls below 6.0x on a sustainable basis.

The principal methodology used in these ratings was Chemical
Industry published in March 2019.

Universal Fiber Systems, LLC manufactures solution-dyed and natural
synthetic fibers used primarily in commercial carpet, automotive,
specialty apparel, military and industrial end markets. The company
has facilities in the United States, China, Thailand, Poland and
the United Kingdom. Universal Fiber generated $263 million of
revenues in 2018. H.I.G. Capital acquired the company from Sterling
Group in 2015.


USA DRILLING: Court Approves Private Sale of Cumberland Property
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Kentucky
approved U.S.A. Drilling Co., Inc.'s private sale of two parcels of
land in Cumberland County.

The property will be sold "free and clear of all liens and claims,"
according to the court's order.  

All the lienholders on the property will be paid in this order of
priority: (i) Cumberland County Taxes for unpaid ad valorem taxes;
(ii) Taxmerchants, LLC for ad valorem taxes; and (iii) People's
Bank and Trust Co.

The Debtor will retain $975 from the sale proceeds to be held for
quarterly fee obligations due and owing to the Office of the U.S.
Trustee.   

                  About U.S.A. Drilling Company
  
U.S.A. Drilling Company, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Ky. Case No. 19-10825) on Aug. 8,
2019.  At the time of the filing, U.S.A. Drilling was estimated to
have assets of less than $50,000 and liabilities of less than
$500,000.  The case has been assigned to Judge Joan A. Lloyd.
U.S.A. Drilling is represented by Robert C. Chaudoin, Esq., at
Harlin Parker.


VERINT SYSTEMS: Moody's Reviews Ba2 CFR for Downgrade
-----------------------------------------------------
Moody's Investors Service placed Verint Systems Inc.'s Ba2
corporate family rating on review for downgrade following the
company's announcement that it expects to spin off its Cyber
Intelligence business in a tax-free transaction to shareholders.
The transaction is expected to be completed in early calendar year
2021. Additionally, the company also announced that Apax Partners
will be investing $400 million in the remaining Customer Engagement
business in the form of convertible preferred stock. Verint plans
to effectively use a large portion of the proceeds from the Apax
investment to buy back common stock. Moody's also placed the
company's Ba2-PD probability of default (PD) rating and Ba1 senior
secured instrument rating on review for downgrade. The SGL-1
liquidity rating is unchanged.

RATINGS RATIONALE

The review for downgrade will focus on the remaining company's
capital structure, financial policies and operating profile post
spin-off. The company has indicated that it plans to maintain a
strong balance sheet after this transaction, although details of
the plan have not been disclosed. Moody's expects the remaining
Customer Engagement business to continue to grow at mid-single
digit rates with strong margins and cash flow. Although Moody's
expects the remaining business will have solid margins, the company
will incur up-front, one-time costs to separate the two businesses
and make the Cyber Intelligence business public company-ready, as
well as somewhat higher fixed costs moving forward as the two
businesses will no longer be able to share back-office costs. If
leverage is maintained around current levels, the Ba2 CFR could be
confirmed. Moody's adjusted leverage as of October 31, 2019 was
approximately 3.8x. To the extent the CFR is downgraded, it would
likely be limited to one notch.

The Apax investment will be in the form of perpetual preferred
stock with a 8.5 year put option and will be funded in two separate
$200 million tranches, the first tranche in early 2020 and the
final at the completion of the spin-off.

Verint has very good liquidity, as evidenced by the company's SGL-1
speculative grade liquidity rating. The company has approximately
$390 million of cash, generates solid free cash flow and has access
to an undrawn, $300 million revolver. The liquidity rating could be
changed depending on the final capital structure and liquidity
profile, including cash balances and revolver availability.

On Review for Downgrade:

Issuer: Verint Systems Inc.

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

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

Senior Secured 1st lien Term Loan B, Placed on Review for
Downgrade, currently Ba1 (LGD2)

Senior Secured 1st lien Revolving Credit Facility, Placed on Review
for Downgrade, currently Ba1 (LGD2)

Outlook Actions:

Issuer: Verint Systems Inc.

Outlook, Changed To Rating Under Review From Stable

The principal methodology used in these ratings was Software
Industry published in August 2018.

Verint Systems Inc. provides software and systems for workforce
engagement management, cyber security, communications intelligence,
and video intelligence installations. The company, which has the
majority of its operations in the U.S. and Israel has grown through
a combination of acquisitions and internally developed products.
For FYE January 2019, the Cyber Intelligence business generated
about $430 million of revenue, while the Customer Engagement
business generated about $800 million of revenue.



VIRGINIA TRUE: Exclusivity Period Extended to Dec. 31
-----------------------------------------------------
Judge Nancy Hershey Lord of the U.S. Bankruptcy Court for the
Eastern District of New York extended the period during only
Virginia True Corporation can file a Chapter 11 plan to Dec. 31.  

The company can solicit acceptances for the plan until Feb. 28,
2020.

              About Virginia True Corporation

Virginia True Corporation, a New York-based golf resort owner and
developer, sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 19-42769) on May 3, 2019.  At the
time of the filing, the Debtor disclosed assets of between $10
million and $50 million and liabilities of the same range.  The
case is assigned to Judge Nancy Hershey Lord.  Pick & Zabicki LLP
is the Debtor's legal counsel.


WALKER COUNTY HOSPITAL: Auction Set for Dec. 18
-----------------------------------------------
Walker County Hospital Corp. will hold an auction for most of its
assets on Dec. 18 if it receives offers from potential buyers
before the Dec. 16 bid deadline.

Walker County Hospital District and Huntsville Community Hospital,
Inc. will act as stalking horse bidders at the auction.  

Under their agreement with the hospital operator, the stalking
horse bidders offered to buy the assets for $7.65 million and
assume certain liabilities.  The $7.65 million offer includes a
credit bid in the amount of $3 million and $4.6 million in cash.

In case the hospital operator selects a more attractive offer at
the auction, the stalking horse bidders will receive a breakup fee
of $229,500 and reimbursement of up to $250,000 for work-related
expenses.

The U.S. Bankruptcy Court for the Southern District of Texas will
hold a hearing on Dec. 20 to consider the sale to the winning
bidder.  The deadline to file objections to the sale is Dec. 19.

A copy of the document detailing the bidding procedures is
available for free at https://tinyurl.com/qq5cbv7 from
PacerMonitor.com

              About Walker County Hospital Corp.

Walker County Hospital Corporation, which conducts business under
the name Huntsville Memorial Hospital, operates a community
hospital located in Huntsville, Texas.  It is the sole member of
its non-debtor affiliate, HMH Physician Organization.  Founded in
1927, the facility provides health care services to the residents
of Walker County and its surrounding communities.

Walker County Hospital Corporation sought Chapter 11 protection
(Bankr. S.D. Tex. Case No. 19-36300) on Nov. 11, 2019 in Houston,
Texas.  At the time of filing, the Debtor was estimated with assets
and liabilities both at $10 million to $50 million. The petition
was signed by Steven Smith, chief executive officer.  The Hon.
David R. Jones is the case judge.  

The Debtor tapped Waller Lansden Dortch & Davis, LLP and Morgan
Lewis as legal counsel; Healthcare Management Partners, LLC as
financial and restructuring advisor; and Epiq Corporate
Restructuring, LLC as notice and claims agent.


WEST COAST DISTRIBUTION: Auction of Assets Set for Dec. 11
----------------------------------------------------------
West Coast Distribution, Inc. is set to hold an auction for most of
its assets at 10:00 a.m., Dec. 11.

The auction will take place at Courtroom 1539, 255 E. Temple St.,
Los Angeles.

If more than one qualified bidder turns up at the auction, the
highest offer will constitute the initial bid.  The bidding
increments will be $25,000 or higher figures, which are wholly
divisible by $25,000.

Unless ordered by the court overseeing West Coast Distribution's
Chapter 11 case, only qualified bidders will have the right to
participate in the auction.

The hearing to consider approval of the sale to the winning bidder
at the auction will also be held on Dec. 11.

               About West Coast Distribution

West Coast Distribution Inc. is a full-service third party
logistics and supply chain management provider specializing in
apparel, retail and lifestyle brands.

West Coast Distribution sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Calif. Case No. 19-20332) on Aug. 30,
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 is assigned to Judge Sheri Bluebond.  

The Debtor tapped Levene, Neale, Bender, Yoo & Brill LLP as its
legal counsel; and Fineman West Co. LLP as its accountant.

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on Sept. 30, 2019.  The committee is represented by
Weiland Golden Goodrich LLP.


WJ EXPRESS: Hires Wampler & Pierce as Bankruptcy Attorney
---------------------------------------------------------
WJ Express, Inc. seeks approval from the U.S. Bankruptcy Court of
the Western District of Tennessee to employ the firm of Wampler &
Pierce, PC (WP), particularly P. Preston Wilson as Chapter 11
attorney.

The professional services that WP is to render include:

(a) Giving the Debtor legal advice with respect to its powers and
duties as debtor in possession in the continued management of its
property, including, without limitation, to advise and to consult
with the Debtor concerning questions arising in the administration
of the estate and its rights and remedies with regard to the
estate's assets and the claims of secured and unsecured creditors,
and the parties in interest

(b) Preparing on behalf of the Applicant as debtor in possession
necessary applications, motions, answers, orders, reports and other
legal pleadings and papers;  

(c) Formulating, presenting and prosecuting a disclosure statement
and reorganization plan; and

(d) Performing all other legal services for Debtor as debtor in
possession that may be necessary herein.

Atty. Wilson will receive an hourly rate of $300.

Prior to the filing of the Chapter 11 petition, WP received fees on
behalf of the debtor in the amount of $3,000, plus the Chapter 11
filing fees.

WP attests that it represents no interest adverse to the Debtor as
debtor-in-possession or the estate in the matters upon which it is
to be engaged, and its employment would be in the best interest of
this estate.

The firm can be reached at:

     P. Preston Wilson, Esq.
     WAMPLER & PIERCE, PC             
     44 N. 2nd Street, Suite 502       
     Memphis, TN 38103        
     Tel: 901-523-1844       
     Email: preston@prestonwilsonlaw.com

                        About WJ Express

WJ Express, Inc., filed a voluntary Chapter 11 Petition (Bankr.
W.D. Tenn. Case No. 19-26957) on September 30, 2019, listing under
$500,000 in estimated assets and liabilities, and is represented by
P. Preston Wilson, Esq., at Wampler & Pierce, PC Law Office.



[*] Bankruptcy Attorney Michelle Labayen Opens New Office in Miami
------------------------------------------------------------------
Michelle Labayen of The Law Office of Michelle Labayen, LLC on Dec.
7 disclosed that they have opened a new office in Miami, Florida to
service the clients in the area.  With over 16 years of practice in
Consumer and Bankruptcy Law, Ms. Labayen's skill also comes from
her extensive experience working for National Banks and her
thorough understanding of legal practices with regards to credit
card companies and foreclosure firms.

Throughout her experience, this Miami Bankruptcy Attorney has
represented several bankruptcy clients who were selling their
properties under section 363 and also provided legal assistance for
commercial property sales.  For those who are looking for Miami
Student Loan Help or Miami Foreclosure Attorney can also approach
this law firm.

The Law Office of Michelle Labayen, LLC can help with the entire
bankruptcy process.  The Miami Chapter 7 Lawyer is knowledgeable
and an experienced attorney with expertise in Chapter 13,
Foreclosures and Student Debt.

To learn more visit https://miamichapter7.com/

            About The Law Office of Michelle Labayen

The Law Office of Michelle Labayen, LLC is a law firm specializing
in Chapter 7 and Chapter 13 Bankruptcy, Adversary Proceedings, and
Litigation under the Fair Credit Reporting Act and Litigation under
the Fair Debt Collection Practice Act.  Michelle Labayen is a
qualified and experienced attorney licensed to practice in New
York, New Jersey and Florida.



[*] MACCO Restructuring Group Unveils Additions to Team
-------------------------------------------------------
Drew McManigle, Founder and Managing Director of Houston-based
MACCO Restructuring Group, LLC (MACCO), stated, "I'm very pleased
to announce notable additions to our bench as we continue to grow
to better serve the increasing needs of middle-market companies who
find themselves in financial or operational peril."

Beth Carpenter has joined MACCO as a Managing Director leading the
firm's healthcare practice.  Carpenter brings an outstanding record
of success driving bottom-line profitability improvements, revenue
growth and employee performance in the highly regulated healthcare
environment, including the home healthcare, hospice and durable
medical goods segments.

David L. Denbina, P.E., who had previously led the energy special
assets team for one of the top ten U.S. banks, has also joined
MACCO as a Managing Director.  His knowledge of banking, business
workouts, restructuring and his valuation experience, across a
broad array of diverse industries, will be invaluable to both
MACCO's debtor and lender clients.

Pablo Bonjour, who joins MACCO as a Sr. Financial Analyst, brings a
high level of expertise in conducting in-depth assessments,
valuations and building comprehensive, custom financial models.  He
has a proven track record of discovering areas of improvement,
developing and implementing financial, strategic and operational
plans that provide bottom-line solutions.

Micah Miller, who also joins MACCO as a Sr. Financial Analyst, has
significant publicly traded, private company and family office
experience in accounting, financial analytics and modeling.  He has
acted as Comptroller or CFO with knowledge that extends to complex
bankruptcy regulation and compliance issues.

Kathy Mayle, MBA, has been promoted to Director.  "Kathy, with her
deep understanding of the Chapter 11 process, her attention to
detailed financial analysis together with her marketing savvy, has
become essential to MACCO's practice."

Mr. McManigle continued, "We are excited about the dynamic growth
we are experiencing as we continue to add to the MACCO team of
'first responders' professional experts that can act quickly and
execute precisely to put out the fire and protect the stakeholders
from getting burned."

MACCO -- https://maccorestructuringgroup.com/ -- provides qualified
interim leadership and advice to debtors and their stakeholders
across a broad spectrum of business sectors, including energy,
healthcare, healthcare services, manufacturing, grocery & food
service, defense contracting, logistics, retail, and hospitality,
as an example.



[*] Wofford to Enter American College of Bankruptcy as Fellow
-------------------------------------------------------------
The American College of Bankruptcy on Dec. 3 disclosed that Keith
Wofford will be inducted as a Fellow in the 31[st] Class of the
College on March 13, 2020, in Washington, D.C.  He is one of 31 new
Fellows being recognized for their professional excellence and
exceptional contributions to the bankruptcy and insolvency field;
he was the sole practicing attorney from the Second Circuit among
this year's inductees.

Mr. Wofford is the co-managing partner of Ropes & Gray's 400-lawyer
New York office and practices in the firm's business restructuring
practice, focusing on bankruptcy and creditors' rights.  Chambers &
Partners, a leading professional directory, praises Keith as a
"brilliant attorney" who has "excellent negotiating and case
management skills."  Keith primarily acts on behalf of investment
funds specializing in distressed debt, and potential acquirors of
assets of distressed companies.

Mr. Wofford's scholarly interests include secured creditor rights,
inter-creditor disputes, credit-bidding transactions and other
acquisitions of company control through debt positions.  He is also
dedicated to public service, maintaining an active pro bono
practice and serving and supporting numerous charitable and public
interest organizations.

"Keith is an asset to our clients, a leader at our firm and a role
model for attorneys practicing at all levels," said Ropes & Gray
chair-elect Julie Jones.  "He brings a deep understanding of
restructuring law to his clients' most complex challenges, and
Keith also embodies the values of our firm through his pro bono
service and civic commitments."

"This honor would not be possible without our clients, who trust
our team to help them navigate their most complex restructuring
matters," Mr. Wofford said.  "I am humbled and honored at the
American College of Bankruptcy's decision to induct me into its
ranks."

The American College of Bankruptcy is an honorary association of
bankruptcy and insolvency professionals and plays a notable role in
sustaining professional excellence in the field.  The college
invites fellows who demonstrate "a proven record of the highest
standards of expertise, leadership, integrity, professionalism,
scholarship, and service to the bankruptcy practice and to their
communities."  The Candidates are selected by the College's Board
of Regents from among recommendations of Circuit Admissions
Councils in each federal judicial circuit and specially appointed
Committees for Judicial and International Fellows.

                         About Ropes & Gray

Ropes & Gray is a preeminent global law firm with approximately
1,400 lawyers and legal professionals serving clients in major
centers of business, finance, technology and government.  The firm
has offices in New York, Boston, Washington, D.C., Chicago, San
Francisco, Silicon Valley, London, Hong Kong, Shanghai, Tokyo and
Seoul, and has consistently been recognized for its leading
practices in many areas, including finance, private equity, M&A,
capital markets, asset management, real estate, tax, antitrust,
life sciences, health care, intellectual property, litigation &
enforcement, data, and business restructuring.



[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-      Total
                                    Total   Holders'    Working
                                   Assets     Equity    Capital
  Company         Ticker             ($MM)      ($MM)      ($MM)
  -------         ------           ------   --------    -------
ABBVIE INC        ABBV US        59,441.0   (8,226.0)   2,673.0
ABBVIE INC        4AB TE         59,441.0   (8,226.0)   2,673.0
ABBVIE INC        ABBV AV        59,441.0   (8,226.0)   2,673.0
ABBVIE INC        4AB GZ         59,441.0   (8,226.0)   2,673.0
ABBVIE INC        4AB TH         59,441.0   (8,226.0)   2,673.0
ABBVIE INC        4AB QT         59,441.0   (8,226.0)   2,673.0
ABBVIE INC        ABBVUSD EU     59,441.0   (8,226.0)   2,673.0
ABBVIE INC        ABBVEUR EU     59,441.0   (8,226.0)   2,673.0
ABBVIE INC        4AB GR         59,441.0   (8,226.0)   2,673.0
ABBVIE INC        ABBV SW        59,441.0   (8,226.0)   2,673.0
ABBVIE INC        ABBV* MM       59,441.0   (8,226.0)   2,673.0
ABSOLUTE SOFTWRE  ALSWF US          106.3      (48.4)     (27.6)
ABSOLUTE SOFTWRE  ABT CN            106.3      (48.4)     (27.6)
ABSOLUTE SOFTWRE  OU1 GR            106.3      (48.4)     (27.6)
ABSOLUTE SOFTWRE  ABT2EUR EU        106.3      (48.4)     (27.6)
ADVANZ PHARMA     ADVZ CN         1,593.8      (11.0)     246.2
ADVANZ PHARMA     80CD TH         1,593.8      (11.0)     246.2
ADVANZ PHARMA     80CD GR         1,593.8      (11.0)     246.2
ADVANZ PHARMA     CXREUR EU       1,593.8      (11.0)     246.2
ADVANZ PHARMA     CXRXF US        1,593.8      (11.0)     246.2
AGENUS INC        AJ81 GR           174.8     (178.0)     (25.8)
AGENUS INC        AGEN US           174.8     (178.0)     (25.8)
AGENUS INC        AJ81 GZ           174.8     (178.0)     (25.8)
AGENUS INC        AGENUSD EU        174.8     (178.0)     (25.8)
AGENUS INC        AJ81 QT           174.8     (178.0)     (25.8)
AGENUS INC        AJ81 TH           174.8     (178.0)     (25.8)
AGENUS INC        AGENEUR EU        174.8     (178.0)     (25.8)
AMER RESTAUR-LP   ICTPU US           33.5       (4.0)      (6.2)
AMYRIS INC        AMRS US           128.1     (208.1)    (103.8)
AMYRIS INC        3A01 GR           128.1     (208.1)    (103.8)
AMYRIS INC        3A01 TH           128.1     (208.1)    (103.8)
AMYRIS INC        AMRSUSD EU        128.1     (208.1)    (103.8)
AMYRIS INC        3A01 QT           128.1     (208.1)    (103.8)
AMYRIS INC        AMRSEUR EU        128.1     (208.1)    (103.8)
APPLIED DNA SCIE  APDNEUR EU          3.0       (1.8)      (0.4)
AQUESTIVE THERAP  AQST US            48.8      (34.5)      18.0
AUTODESK INC      AUD GR          5,036.6     (171.5)  (1,133.4)
AUTODESK INC      ADSK US         5,036.6     (171.5)  (1,133.4)
AUTODESK INC      AUD TH          5,036.6     (171.5)  (1,133.4)
AUTODESK INC      ADSKEUR EU      5,036.6     (171.5)  (1,133.4)
AUTODESK INC      ADSKUSD EU      5,036.6     (171.5)  (1,133.4)
AUTODESK INC      ADSK TE         5,036.6     (171.5)  (1,133.4)
AUTODESK INC      AUD GZ          5,036.6     (171.5)  (1,133.4)
AUTODESK INC      ADSK AV         5,036.6     (171.5)  (1,133.4)
AUTODESK INC      ADSK* MM        5,036.6     (171.5)  (1,133.4)
AUTODESK INC      AUD QT          5,036.6     (171.5)  (1,133.4)
AUTOZONE INC      AZ5 TH          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZO US          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZ5 GR          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZOUSD EU       9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZ5 GZ          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZOEUR EU       9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZ5 QT          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZO AV          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZ5 TE          9,895.9   (1,713.9)    (483.5)
AUTOZONE INC      AZO* MM         9,895.9   (1,713.9)    (483.5)
AVID TECHNOLOGY   AVID US           266.2     (172.9)     (17.8)
AVID TECHNOLOGY   AVD GR            266.2     (172.9)     (17.8)
AYR STRATEGIES I  AYR/A CN          472.9      224.2        5.2
BENEFITFOCUS INC  BNFT US           328.1      (27.1)     107.3
BENEFITFOCUS INC  BTF GR            328.1      (27.1)     107.3
BENEFITFOCUS INC  BNFTEUR EU        328.1      (27.1)     107.3
BEYONDSPRING INC  BYSI US             6.0      (18.1)     (17.0)
BIOCRYST PHARM    BCRX* MM           90.5      (41.3)      (3.4)
BJ'S WHOLESALE C  BJ US           5,478.1     (104.5)    (509.4)
BJ'S WHOLESALE C  8BJ GR          5,478.1     (104.5)    (509.4)
BJ'S WHOLESALE C  8BJ TH          5,478.1     (104.5)    (509.4)
BJ'S WHOLESALE C  8BJ QT          5,478.1     (104.5)    (509.4)
BLOOM ENERGY C-A  BE1USD EU       1,169.9      (11.1)     196.6
BLOOM ENERGY C-A  1ZB QT          1,169.9      (11.1)     196.6
BLOOM ENERGY C-A  1ZB TH          1,169.9      (11.1)     196.6
BLOOM ENERGY C-A  BE US           1,169.9      (11.1)     196.6
BLOOM ENERGY C-A  1ZB GR          1,169.9      (11.1)     196.6
BLOOM ENERGY C-A  BE1EUR EU       1,169.9      (11.1)     196.6
BLUE BIRD CORP    BLBD US           408.4      (61.2)      15.0
BOEING CO-BDR     BOEI34 BZ     132,598.0   (3,809.0)   9,810.0
BOEING CO-CED     BA AR         132,598.0   (3,809.0)   9,810.0
BOEING CO-CED     BAD AR        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BAEUR EU      132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BCO GR        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA EU         132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BOE LN        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BCO TH        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BOEI BB       132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA US         132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA SW         132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA* MM        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA TE         132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BAUSD SW      132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BCO GZ        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA AV         132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BCO QT        132,598.0   (3,809.0)   9,810.0
BOEING CO/THE     BA CI         132,598.0   (3,809.0)   9,810.0
BOMBARDIER INC-B  BBDBN MM       26,363.0   (4,680.0)    (225.0)
BRINKER INTL      BKJ GR          2,491.0     (585.1)    (342.7)
BRINKER INTL      EAT US          2,491.0     (585.1)    (342.7)
BRINKER INTL      EAT2EUR EU      2,491.0     (585.1)    (342.7)
BRINKER INTL      BKJ QT          2,491.0     (585.1)    (342.7)
BRP INC/CA-SUB V  B15A GR         3,804.7     (558.4)    (140.4)
BRP INC/CA-SUB V  DOOO US         3,804.7     (558.4)    (140.4)
BRP INC/CA-SUB V  DOOCAD EU       3,804.7     (558.4)    (140.4)
BRP INC/CA-SUB V  DOOEUR EU       3,804.7     (558.4)    (140.4)
BRP INC/CA-SUB V  B15A GZ         3,804.7     (558.4)    (140.4)
BRP INC/CA-SUB V  DOO CN          3,804.7     (558.4)    (140.4)
CADIZ INC         CDZI US            73.5      (86.6)      13.3
CADIZ INC         CDZIEUR EU         73.5      (86.6)      13.3
CADIZ INC         2ZC GR             73.5      (86.6)      13.3
CAMPING WORLD-A   CWHUSD EU       3,441.0      (65.6)     470.8
CAMPING WORLD-A   CWH US          3,441.0      (65.6)     470.8
CAMPING WORLD-A   C83 GR          3,441.0      (65.6)     470.8
CAMPING WORLD-A   CWHEUR EU       3,441.0      (65.6)     470.8
CAMPING WORLD-A   C83 QT          3,441.0      (65.6)     470.8
CAMPING WORLD-A   C83 TH          3,441.0      (65.6)     470.8
CASTLE BIOSCIENC  CSTL US           113.2       82.3      100.6
CATASYS INC       CATS US            24.5      (17.7)      11.5
CATASYS INC       HY1N GR            24.5      (17.7)      11.5
CATASYS INC       CATSEUR EU         24.5      (17.7)      11.5
CDK GLOBAL INC    C2G QT          3,058.9     (671.6)     196.9
CDK GLOBAL INC    CDKUSD EU       3,058.9     (671.6)     196.9
CDK GLOBAL INC    C2G TH          3,058.9     (671.6)     196.9
CDK GLOBAL INC    CDKEUR EU       3,058.9     (671.6)     196.9
CDK GLOBAL INC    C2G GR          3,058.9     (671.6)     196.9
CDK GLOBAL INC    CDK* MM         3,058.9     (671.6)     196.9
CDK GLOBAL INC    CDK US          3,058.9     (671.6)     196.9
CHEWY INC- CL A   CHWY US           813.9     (361.7)    (407.9)
CHOICE HOTELS     CZH GR          1,374.3      (56.7)     (56.0)
CHOICE HOTELS     CHH US          1,374.3      (56.7)     (56.0)
CINCINNATI BELL   CBB US          2,619.0     (127.6)    (114.7)
CINCINNATI BELL   CIB1 GR         2,619.0     (127.6)    (114.7)
CINCINNATI BELL   CBBEUR EU       2,619.0     (127.6)    (114.7)
CLOVIS ONCOLOGY   C6O GR            716.9      (87.5)     307.1
CLOVIS ONCOLOGY   CLVS US           716.9      (87.5)     307.1
CLOVIS ONCOLOGY   C6O SW            716.9      (87.5)     307.1
CLOVIS ONCOLOGY   CLVSUSD EU        716.9      (87.5)     307.1
CLOVIS ONCOLOGY   C6O QT            716.9      (87.5)     307.1
CLOVIS ONCOLOGY   C6O TH            716.9      (87.5)     307.1
CLOVIS ONCOLOGY   CLVSEUR EU        716.9      (87.5)     307.1
COGENT COMMUNICA  CCOI US           932.3     (190.5)     388.1
COGENT COMMUNICA  OGM1 GR           932.3     (190.5)     388.1
COMMUNITY HEALTH  CYH US         15,895.0   (1,267.0)   1,027.0
COMMUNITY HEALTH  CG5 GR         15,895.0   (1,267.0)   1,027.0
COMMUNITY HEALTH  CYH1USD EU     15,895.0   (1,267.0)   1,027.0
COMMUNITY HEALTH  CG5 QT         15,895.0   (1,267.0)   1,027.0
COMMUNITY HEALTH  CYH1EUR EU     15,895.0   (1,267.0)   1,027.0
COMMUNITY HEALTH  CG5 TH         15,895.0   (1,267.0)   1,027.0
CYTOKINETICS INC  CYTK US           187.4      (19.9)     155.0
CYTOKINETICS INC  KK3A GR           187.4      (19.9)     155.0
CYTOKINETICS INC  KK3A TH           187.4      (19.9)     155.0
CYTOKINETICS INC  CYTKUSD EU        187.4      (19.9)     155.0
CYTOKINETICS INC  CYTKEUR EU        187.4      (19.9)     155.0
CYTOKINETICS INC  KK3A QT           187.4      (19.9)     155.0
DELEK LOGISTICS   DKL US            767.8     (142.5)       4.4
DELEK LOGISTICS   D6L GR            767.8     (142.5)       4.4
DENNY'S CORP      DENN US           441.4     (118.7)     (48.8)
DENNY'S CORP      DENNEUR EU        441.4     (118.7)     (48.8)
DENNY'S CORP      DE8 GR            441.4     (118.7)     (48.8)
DIEBOLD NIXDORF   DBD SW          3,889.1     (425.2)     324.3
DIEBOLD NIXDORF   DBDEUR EU       3,889.1     (425.2)     324.3
DIEBOLD NIXDORF   DBDUSD EU       3,889.1     (425.2)     324.3
DIEBOLD NIXDORF   DBD GR          3,889.1     (425.2)     324.3
DIEBOLD NIXDORF   DBD US          3,889.1     (425.2)     324.3
DIEBOLD NIXDORF   DLD TH          3,889.1     (425.2)     324.3
DIEBOLD NIXDORF   DLD QT          3,889.1     (425.2)     324.3
DINE BRANDS GLOB  DIN US          1,997.5     (239.8)     (14.7)
DINE BRANDS GLOB  IHP GR          1,997.5     (239.8)     (14.7)
DOCEBO INC        DCBO CN            20.3      (18.6)     (12.9)
DOLLARAMA INC     DOL CN          3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DR3 GR          3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DLMAF US        3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DOLEUR EU       3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DR3 GZ          3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DR3 TH          3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DR3 QT          3,696.2     (112.7)     (28.1)
DOLLARAMA INC     DOLCAD EU       3,696.2     (112.7)     (28.1)
DOMINO'S PIZZA    EZV GR          1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    DPZ US          1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    EZV TH          1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    DPZEUR EU       1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    DPZUSD EU       1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    EZV GZ          1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    EZV QT          1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    DPZ AV          1,160.3   (2,935.6)     184.1
DOMINO'S PIZZA    DPZ* MM         1,160.3   (2,935.6)     184.1
DOMO INC- CL B    DOMO US           234.5       (4.9)      59.5
DOMO INC- CL B    1ON GR            234.5       (4.9)      59.5
DOMO INC- CL B    DOMOEUR EU        234.5       (4.9)      59.5
DOMO INC- CL B    1ON GZ            234.5       (4.9)      59.5
DOMO INC- CL B    DOMOUSD EU        234.5       (4.9)      59.5
DOMO INC- CL B    1ON TH            234.5       (4.9)      59.5
DUNKIN' BRANDS G  DNKN US         3,802.2     (620.9)     306.5
DUNKIN' BRANDS G  2DB GR          3,802.2     (620.9)     306.5
DUNKIN' BRANDS G  2DB TH          3,802.2     (620.9)     306.5
DUNKIN' BRANDS G  2DB GZ          3,802.2     (620.9)     306.5
DUNKIN' BRANDS G  2DB QT          3,802.2     (620.9)     306.5
DUNKIN' BRANDS G  DNKNEUR EU      3,802.2     (620.9)     306.5
EMISPHERE TECH    EMIS US             5.2     (155.3)      (1.4)
EVERI HOLDINGS I  EVRI US         1,567.6      (72.0)      10.3
EVERI HOLDINGS I  G2C TH          1,567.6      (72.0)      10.3
EVERI HOLDINGS I  G2C GR          1,567.6      (72.0)      10.3
EVERI HOLDINGS I  EVRIUSD EU      1,567.6      (72.0)      10.3
EVERI HOLDINGS I  EVRIEUR EU      1,567.6      (72.0)      10.3
FRONTDOOR IN      FTDR US         1,217.0     (218.0)     116.0
FRONTDOOR IN      3I5 GR          1,217.0     (218.0)     116.0
FRONTDOOR IN      FTDREUR EU      1,217.0     (218.0)     116.0
GOGO INC          GOGO US         1,280.4     (382.8)     195.1
GOGO INC          G0G SW          1,280.4     (382.8)     195.1
GOGO INC          G0G TH          1,280.4     (382.8)     195.1
GOGO INC          G0G GR          1,280.4     (382.8)     195.1
GOGO INC          GOGOUSD EU      1,280.4     (382.8)     195.1
GOGO INC          GOGOEUR EU      1,280.4     (382.8)     195.1
GOGO INC          G0G QT          1,280.4     (382.8)     195.1
GOOSEHEAD INSU-A  GSHD US            44.4      (27.9)       7.6
GOOSEHEAD INSU-A  2OX GR             44.4      (27.9)       7.6
GOOSEHEAD INSU-A  GSHDEUR EU         44.4      (27.9)       7.6
GRAFTECH INTERNA  EAF US          1,825.7     (606.9)     724.6
GRAFTECH INTERNA  G6G GR          1,825.7     (606.9)     724.6
GRAFTECH INTERNA  EAFEUR EU       1,825.7     (606.9)     724.6
GRAFTECH INTERNA  G6G TH          1,825.7     (606.9)     724.6
GRAFTECH INTERNA  G6G QT          1,825.7     (606.9)     724.6
GRAFTECH INTERNA  EAFUSD EU       1,825.7     (606.9)     724.6
GRAFTECH INTERNA  G6G GZ          1,825.7     (606.9)     724.6
GREEN PLAINS PAR  GPP US            119.8      (74.9)    (137.8)
GREEN PLAINS PAR  8GP GR            119.8      (74.9)    (137.8)
GREENSKY INC-A    GSKY US           897.1      (66.5)     268.8
H&R BLOCK INC     HRB TH          2,756.7      (75.7)    (662.5)
H&R BLOCK INC     HRB US          2,756.7      (75.7)    (662.5)
H&R BLOCK INC     HRB GR          2,756.7      (75.7)    (662.5)
H&R BLOCK INC     HRBUSD EU       2,756.7      (75.7)    (662.5)
H&R BLOCK INC     HRB QT          2,756.7      (75.7)    (662.5)
H&R BLOCK INC     HRBEUR EU       2,756.7      (75.7)    (662.5)
HANGER INC        HNGR US           801.4      (14.2)      95.2
HANGER INC        HO8 GR            801.4      (14.2)      95.2
HANGER INC        HNGREUR EU        801.4      (14.2)      95.2
HCA HEALTHCARE I  2BH TH         43,912.0   (1,447.0)   3,645.0
HCA HEALTHCARE I  HCA US         43,912.0   (1,447.0)   3,645.0
HCA HEALTHCARE I  2BH GR         43,912.0   (1,447.0)   3,645.0
HCA HEALTHCARE I  HCA* MM        43,912.0   (1,447.0)   3,645.0
HCA HEALTHCARE I  HCAUSD EU      43,912.0   (1,447.0)   3,645.0
HCA HEALTHCARE I  HCAEUR EU      43,912.0   (1,447.0)   3,645.0
HCA HEALTHCARE I  2BH TE         43,912.0   (1,447.0)   3,645.0
HERBALIFE NUTRIT  HOO GR          2,545.6     (467.5)     468.7
HERBALIFE NUTRIT  HLF US          2,545.6     (467.5)     468.7
HERBALIFE NUTRIT  HLFUSD EU       2,545.6     (467.5)     468.7
HERBALIFE NUTRIT  HOO GZ          2,545.6     (467.5)     468.7
HERBALIFE NUTRIT  HLFEUR EU       2,545.6     (467.5)     468.7
HERBALIFE NUTRIT  HOO QT          2,545.6     (467.5)     468.7
HEWLETT-CEDEAR    HPQC AR        33,467.0   (1,193.0)  (5,116.0)
HEWLETT-CEDEAR    HPQ AR         33,467.0   (1,193.0)  (5,116.0)
HILTON WORLDWIDE  HLT US         15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HLTEUR EU      15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HLT* MM        15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HLTW AV        15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HI91 TE        15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HI91 TH        15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HI91 GR        15,067.0     (199.0)    (645.0)
HILTON WORLDWIDE  HLTUSD EU      15,067.0     (199.0)    (645.0)
HOME DEPOT - BDR  HOME34 BZ      52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HD TE          52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDI TH         52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDI GR         52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HD US          52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HD* MM         52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDUSD SW       52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDI GZ         52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HD AV          52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDEUR EU       52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDI QT         52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HDUSD EU       52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HD SW          52,309.0   (1,082.0)   1,609.0
HOME DEPOT INC    HD CI          52,309.0   (1,082.0)   1,609.0
HOME DEPOT-CED    HDD AR         52,309.0   (1,082.0)   1,609.0
HOME DEPOT-CED    HDC AR         52,309.0   (1,082.0)   1,609.0
HOME DEPOT-CED    HD AR          52,309.0   (1,082.0)   1,609.0
HOVNANIAN ENT-A   HOV US          1,881.4     (489.8)     786.3
HP COMPANY-BDR    HPQB34 BZ      33,467.0   (1,193.0)  (5,116.0)
HP INC            7HP GR         33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQ US         33,467.0   (1,193.0)  (5,116.0)
HP INC            7HP TH         33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQ TE         33,467.0   (1,193.0)  (5,116.0)
HP INC            0J2E LI        33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQUSD SW      33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQEUR EU      33,467.0   (1,193.0)  (5,116.0)
HP INC            7HP GZ         33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQ* MM        33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQ AV         33,467.0   (1,193.0)  (5,116.0)
HP INC            HWP QT         33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQUSD EU      33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQ SW         33,467.0   (1,193.0)  (5,116.0)
HP INC            HPQ CI         33,467.0   (1,193.0)  (5,116.0)
IAA INC           IAA US          2,079.9     (186.9)     181.7
IAA INC           3NI GR          2,079.9     (186.9)     181.7
IAA INC           IAA-WEUR EU     2,079.9     (186.9)     181.7
IGM BIOSCIENCES   IGMS US           269.9      254.6      241.7
IGM BIOSCIENCES   1K0 GR            269.9      254.6      241.7
IGM BIOSCIENCES   1K0 GZ            269.9      254.6      241.7
IGM BIOSCIENCES   IGMSEUR EU        269.9      254.6      241.7
IMMUNOGEN INC     IMU GR            254.1      (86.2)     137.5
IMMUNOGEN INC     IMGN US           254.1      (86.2)     137.5
IMMUNOGEN INC     IMU TH            254.1      (86.2)     137.5
IMMUNOGEN INC     IMU SW            254.1      (86.2)     137.5
IMMUNOGEN INC     IMGNUSD EU        254.1      (86.2)     137.5
IMMUNOGEN INC     IMU GZ            254.1      (86.2)     137.5
IMMUNOGEN INC     IMGNEUR EU        254.1      (86.2)     137.5
IMMUNOGEN INC     IMU QT            254.1      (86.2)     137.5
IMMUNOGEN INC     IMGN* MM          254.1      (86.2)     137.5
INSEEGO CORP      INO TH            158.7      (38.3)    (119.3)
INSEEGO CORP      INO QT            158.7      (38.3)    (119.3)
INSEEGO CORP      INSGUSD EU        158.7      (38.3)    (119.3)
INSEEGO CORP      INSG US           158.7      (38.3)    (119.3)
INSEEGO CORP      INO GR            158.7      (38.3)    (119.3)
INSEEGO CORP      INSGEUR EU        158.7      (38.3)    (119.3)
INSEEGO CORP      INO GZ            158.7      (38.3)    (119.3)
INSPIRED ENTERTA  INSE US           175.4      (31.8)       6.8
IRONWOOD PHARMAC  I76 GR            334.3     (153.0)     204.8
IRONWOOD PHARMAC  I76 TH            334.3     (153.0)     204.8
IRONWOOD PHARMAC  IRWD US           334.3     (153.0)     204.8
IRONWOOD PHARMAC  IRWDUSD EU        334.3     (153.0)     204.8
IRONWOOD PHARMAC  I76 QT            334.3     (153.0)     204.8
IRONWOOD PHARMAC  IRWDEUR EU        334.3     (153.0)     204.8
JACK IN THE BOX   JBX GR            958.5     (737.6)      69.2
JACK IN THE BOX   JACK US           958.5     (737.6)      69.2
JACK IN THE BOX   JBX GZ            958.5     (737.6)      69.2
JACK IN THE BOX   JBX QT            958.5     (737.6)      69.2
JACK IN THE BOX   JACK1EUR EU       958.5     (737.6)      69.2
JOSEMARIA RESOUR  JOSES I2           18.6       (6.1)      (5.6)
JOSEMARIA RESOUR  JOSE SS            18.6       (6.1)      (5.6)
JOSEMARIA RESOUR  NGQSEK EU          18.6       (6.1)      (5.6)
JOSEMARIA RESOUR  JOSES IX           18.6       (6.1)      (5.6)
JOSEMARIA RESOUR  JOSES EB           18.6       (6.1)      (5.6)
L BRANDS INC      LTD TH         10,630.2   (1,238.2)     383.2
L BRANDS INC      LTD GR         10,630.2   (1,238.2)     383.2
L BRANDS INC      LB US          10,630.2   (1,238.2)     383.2
L BRANDS INC      LBUSD EU       10,630.2   (1,238.2)     383.2
L BRANDS INC      LBEUR EU       10,630.2   (1,238.2)     383.2
L BRANDS INC      LB* MM         10,630.2   (1,238.2)     383.2
L BRANDS INC      LTD QT         10,630.2   (1,238.2)     383.2
L BRANDS INC      LBRA AV        10,630.2   (1,238.2)     383.2
L BRANDS INC-BDR  LBRN34 BZ      10,630.2   (1,238.2)     383.2
LENNOX INTL INC   LXI GR          2,214.8     (277.3)     207.4
LENNOX INTL INC   LII US          2,214.8     (277.3)     207.4
LENNOX INTL INC   LXI TH          2,214.8     (277.3)     207.4
LENNOX INTL INC   LII1USD EU      2,214.8     (277.3)     207.4
LENNOX INTL INC   LII* MM         2,214.8     (277.3)     207.4
LENNOX INTL INC   LII1EUR EU      2,214.8     (277.3)     207.4
MARTIN MIDSTREAM  MMLPUSD EU        691.1      (33.4)     108.7
MARTIN MIDSTREAM  MMLP US           691.1      (33.4)     108.7
MCDONALDS - BDR   MCDC34 BZ      45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCD TE         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MDO TH         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCD SW         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCD US         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MDO GR         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCD* MM        45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCDUSD SW      45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCDEUR EU      45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MDO GZ         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCD AV         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    0R16 LN        45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MDO QT         45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCDUSD EU      45,805.0   (8,599.2)    (670.7)
MCDONALDS CORP    MCD CI         45,805.0   (8,599.2)    (670.7)
MCDONALDS-CEDEAR  MCD AR         45,805.0   (8,599.2)    (670.7)
MCDONALDS-CEDEAR  MCDC AR        45,805.0   (8,599.2)    (670.7)
MCDONALDS-CEDEAR  MCDD AR        45,805.0   (8,599.2)    (670.7)
MEDICINES COMP    MDCO US           897.3      (26.0)     (96.4)
MEDICINES COMP    MZN GR            897.3      (26.0)     (96.4)
MEDICINES COMP    MZN SW            897.3      (26.0)     (96.4)
MEDICINES COMP    MZN GZ            897.3      (26.0)     (96.4)
MEDICINES COMP    MZN QT            897.3      (26.0)     (96.4)
MEDICINES COMP    MDCOUSD EU        897.3      (26.0)     (96.4)
MEDICINES COMP    MZN TH            897.3      (26.0)     (96.4)
MERCER PARK BR-A  BRND/A/U CN       408.6       (2.8)       4.1
MICHAELS COS INC  MIKEUR EU       3,845.1   (1,631.8)     259.2
MICHAELS COS INC  MIK US          3,845.1   (1,631.8)     259.2
MICHAELS COS INC  MIM GR          3,845.1   (1,631.8)     259.2
MILESTONE MEDICA  MMD PW              1.3      (12.4)     (13.3)
MILESTONE MEDICA  MMDPLN EU           1.3      (12.4)     (13.3)
MOTOROLA SOL-CED  MSI AR         10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MTLA TH        10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MOT TE         10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MSI US         10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MSI1USD EU     10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MTLA GR        10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MTLA GZ        10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MSI1EUR EU     10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MOSI AV        10,373.0   (1,084.0)     498.0
MOTOROLA SOLUTIO  MTLA QT        10,373.0   (1,084.0)     498.0
MSCI INC          3HM GR          3,479.7     (147.9)     641.6
MSCI INC          MSCI US         3,479.7     (147.9)     641.6
MSCI INC          MSCIUSD EU      3,479.7     (147.9)     641.6
MSCI INC          3HM QT          3,479.7     (147.9)     641.6
MSCI INC          MSCI* MM        3,479.7     (147.9)     641.6
MSG NETWORKS- A   MSGN US         1,001.9     (667.2)     176.5
MSG NETWORKS- A   MSGNUSD EU      1,001.9     (667.2)     176.5
MSG NETWORKS- A   MSGNEUR EU      1,001.9     (667.2)     176.5
MSG NETWORKS- A   1M4 QT          1,001.9     (667.2)     176.5
MSG NETWORKS- A   1M4 TH          1,001.9     (667.2)     176.5
MSG NETWORKS- A   1M4 GR          1,001.9     (667.2)     176.5
N/A               BJEUR EU        5,478.1     (104.5)    (509.4)
NATHANS FAMOUS    NATH US           107.1      (62.9)      78.9
NATHANS FAMOUS    NFA GR            107.1      (62.9)      78.9
NATHANS FAMOUS    NATHEUR EU        107.1      (62.9)      78.9
NATIONAL CINEMED  NCMI US         1,084.1     (122.3)      83.1
NATIONAL CINEMED  XWM GR          1,084.1     (122.3)      83.1
NATIONAL CINEMED  NCMIEUR EU      1,084.1     (122.3)      83.1
NAVISTAR INTL     IHR TH          7,294.0   (3,660.0)   1,521.0
NAVISTAR INTL     NAVEUR EU       7,294.0   (3,660.0)   1,521.0
NAVISTAR INTL     NAVUSD EU       7,294.0   (3,660.0)   1,521.0
NAVISTAR INTL     IHR QT          7,294.0   (3,660.0)   1,521.0
NAVISTAR INTL     IHR GZ          7,294.0   (3,660.0)   1,521.0
NAVISTAR INTL     NAV US          7,294.0   (3,660.0)   1,521.0
NAVISTAR INTL     IHR GR          7,294.0   (3,660.0)   1,521.0
NESCO HOLDINGS I  NSCO US           739.0      (15.8)      28.3
NEW ENG RLTY-LP   NEN US            243.7      (38.2)       -
NOTOX TECHNOLOGI  NTOX US             0.7       (1.7)      (2.2)
NRG ENERGY        NRG US          9,527.0   (1,552.0)     623.0
NRG ENERGY        NRA TH          9,527.0   (1,552.0)     623.0
NRG ENERGY        NRA GR          9,527.0   (1,552.0)     623.0
NRG ENERGY        NRA QT          9,527.0   (1,552.0)     623.0
NRG ENERGY        NRGEUR EU       9,527.0   (1,552.0)     623.0
OMEROS CORP       3O8 GR             91.3     (139.9)      17.0
OMEROS CORP       OMER US            91.3     (139.9)      17.0
OMEROS CORP       OMERUSD EU         91.3     (139.9)      17.0
OMEROS CORP       OMEREUR EU         91.3     (139.9)      17.0
OMEROS CORP       3O8 TH             91.3     (139.9)      17.0
OPTIVA INC        RKNEF US           87.7      (16.1)      18.5
OPTIVA INC        RE6 GR             87.7      (16.1)      18.5
OPTIVA INC        OPT CN             87.7      (16.1)      18.5
OPTIVA INC        RKNEUR EU          87.7      (16.1)      18.5
OPTIVA INC        3230510Q EU        87.7      (16.1)      18.5
PAPA JOHN'S INTL  PP1 GR            730.6      (69.4)     (27.5)
PAPA JOHN'S INTL  PZZA US           730.6      (69.4)     (27.5)
PAPA JOHN'S INTL  PZZAEUR EU        730.6      (69.4)     (27.5)
PAPA JOHN'S INTL  PP1 GZ            730.6      (69.4)     (27.5)
PHATHOM PHARMACE  PHAT US            79.7     (152.5)    (129.8)
PHILIP MORRI-BDR  PHMO34 BZ      41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PM1EUR EU      41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PMI SW         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PM1 EU         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  4I1 GR         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PM US          41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PM1CHF EU      41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  4I1 TH         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PM1 TE         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PMIZ EB        41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PMIZ IX        41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  0M8V LN        41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PMOR AV        41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  4I1 GZ         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  4I1 QT         41,420.0   (9,155.0)   1,530.0
PHILIP MORRIS IN  PM* MM         41,420.0   (9,155.0)   1,530.0
PLANET FITNESS-A  PLNT1USD EU     1,420.2     (442.1)     170.3
PLANET FITNESS-A  3PL QT          1,420.2     (442.1)     170.3
PLANET FITNESS-A  PLNT1EUR EU     1,420.2     (442.1)     170.3
PLANET FITNESS-A  PLNT US         1,420.2     (442.1)     170.3
PLANET FITNESS-A  3PL TH          1,420.2     (442.1)     170.3
PLANET FITNESS-A  3PL GR          1,420.2     (442.1)     170.3
PRIORITY TECHNOL  PRTHU US          452.3     (105.3)       4.3
PRIORITY TECHNOL  PRTH US           452.3     (105.3)       4.3
QUANTUM CORP      QMCO US           158.3     (203.1)     (22.7)
QUANTUM CORP      QNT2 GR           158.3     (203.1)     (22.7)
QUANTUM CORP      QTM1EUR EU        158.3     (203.1)     (22.7)
RADIUS HEALTH IN  RDUS US           227.5      (24.3)     155.6
RADIUS HEALTH IN  RDUSUSD EU        227.5      (24.3)     155.6
RADIUS HEALTH IN  1R8 TH            227.5      (24.3)     155.6
RADIUS HEALTH IN  1R8 QT            227.5      (24.3)     155.6
RADIUS HEALTH IN  RDUSEUR EU        227.5      (24.3)     155.6
RADIUS HEALTH IN  1R8 GR            227.5      (24.3)     155.6
REATA PHARMACE-A  2R3 GR            259.1      (67.4)     172.0
REATA PHARMACE-A  RETAEUR EU        259.1      (67.4)     172.0
REATA PHARMACE-A  RETA US           259.1      (67.4)     172.0
RECRO PHARMA INC  REPH US           167.7      (19.9)      71.4
RECRO PHARMA INC  RAH GR            167.7      (19.9)      71.4
REVLON INC-A      RVL1 GR         3,059.5   (1,227.5)     134.3
REVLON INC-A      REVUSD EU       3,059.5   (1,227.5)     134.3
REVLON INC-A      REVEUR EU       3,059.5   (1,227.5)     134.3
REVLON INC-A      RVL1 TH         3,059.5   (1,227.5)     134.3
REVLON INC-A      REV US          3,059.5   (1,227.5)     134.3
RH                RH US           2,362.0      (63.2)    (344.2)
RH                RHEUR EU        2,362.0      (63.2)    (344.2)
RH                RH* MM          2,362.0      (63.2)    (344.2)
RH                RS1 GR          2,362.0      (63.2)    (344.2)
RIMINI STREET IN  RMNI US           121.3     (130.1)     (99.3)
ROSETTA STONE IN  RST US            206.9      (10.6)     (66.4)
ROSETTA STONE IN  RS8 TH            206.9      (10.6)     (66.4)
ROSETTA STONE IN  RS8 GR            206.9      (10.6)     (66.4)
ROSETTA STONE IN  RST1USD EU        206.9      (10.6)     (66.4)
ROSETTA STONE IN  RST1EUR EU        206.9      (10.6)     (66.4)
RR DONNELLEY & S  DLLN TH         3,540.5     (276.9)     523.6
RR DONNELLEY & S  RRDUSD EU       3,540.5     (276.9)     523.6
RR DONNELLEY & S  RRDEUR EU       3,540.5     (276.9)     523.6
RR DONNELLEY & S  DLLN GR         3,540.5     (276.9)     523.6
RR DONNELLEY & S  RRD US          3,540.5     (276.9)     523.6
SALLY BEAUTY HOL  SBH US          2,098.4      (60.3)     707.5
SALLY BEAUTY HOL  S7V GR          2,098.4      (60.3)     707.5
SALLY BEAUTY HOL  SBHUSD EU       2,098.4      (60.3)     707.5
SALLY BEAUTY HOL  SBHEUR EU       2,098.4      (60.3)     707.5
SATSUMA PHARMACE  STSA US           127.5      118.1      120.6
SATSUMA PHARMACE  1LV GR            127.5      118.1      120.6
SATSUMA PHARMACE  STSAEUR EU        127.5      118.1      120.6
SBA COMM CORP     SBACUSD EU      9,201.1   (3,546.3)    (180.9)
SBA COMM CORP     4SB GZ          9,201.1   (3,546.3)    (180.9)
SBA COMM CORP     SBACEUR EU      9,201.1   (3,546.3)    (180.9)
SBA COMM CORP     4SB GR          9,201.1   (3,546.3)    (180.9)
SBA COMM CORP     SBAC US         9,201.1   (3,546.3)    (180.9)
SBA COMM CORP     SBAC* MM        9,201.1   (3,546.3)    (180.9)
SBA COMM CORP     SBJ TH          9,201.1   (3,546.3)    (180.9)
SCIENTIFIC GAMES  TJW GZ          7,907.0   (2,125.0)     606.0
SCIENTIFIC GAMES  SGMS US         7,907.0   (2,125.0)     606.0
SCIENTIFIC GAMES  SGMSUSD EU      7,907.0   (2,125.0)     606.0
SCIENTIFIC GAMES  TJW GR          7,907.0   (2,125.0)     606.0
SCIENTIFIC GAMES  TJW TH          7,907.0   (2,125.0)     606.0
SEALED AIR CORP   SEE US          5,676.4     (304.1)      89.1
SEALED AIR CORP   SDA GR          5,676.4     (304.1)      89.1
SEALED AIR CORP   SEE1EUR EU      5,676.4     (304.1)      89.1
SEALED AIR CORP   SDA TH          5,676.4     (304.1)      89.1
SEALED AIR CORP   SDA QT          5,676.4     (304.1)      89.1
SERES THERAPEUTI  MCRB1EUR EU       124.2      (32.2)      47.3
SERES THERAPEUTI  MCRB US           124.2      (32.2)      47.3
SERES THERAPEUTI  1S9 GR            124.2      (32.2)      47.3
SHELL MIDSTREAM   SHLXUSD EU      2,019.0     (757.0)     297.0
SHELL MIDSTREAM   49M GR          2,019.0     (757.0)     297.0
SHELL MIDSTREAM   49M TH          2,019.0     (757.0)     297.0
SHELL MIDSTREAM   SHLX US         2,019.0     (757.0)     297.0
SIRIUS XM HO-BDR  SRXM34 BZ      11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  RDO TH         11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  SIRI US        11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  RDO GR         11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  SIRIUSD EU     11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  SIRI TE        11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  RDO GZ         11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  SIRIEUR EU     11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  SIRI AV        11,088.0     (748.0)  (2,315.0)
SIRIUS XM HOLDIN  RDO QT         11,088.0     (748.0)  (2,315.0)
SIX FLAGS ENTERT  6FE GR          3,020.7      (89.8)      97.7
SIX FLAGS ENTERT  SIXEUR EU       3,020.7      (89.8)      97.7
SIX FLAGS ENTERT  SIXUSD EU       3,020.7      (89.8)      97.7
SIX FLAGS ENTERT  6FE TH          3,020.7      (89.8)      97.7
SIX FLAGS ENTERT  SIX US          3,020.7      (89.8)      97.7
SLEEP NUMBER COR  SNBR US           802.3     (164.5)    (443.5)
SLEEP NUMBER COR  SL2 GR            802.3     (164.5)    (443.5)
SLEEP NUMBER COR  SNBREUR EU        802.3     (164.5)    (443.5)
STARBUCKS CORP    SRB TH         19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX* MM       19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SRB GR         19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUXEUR EU     19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX TE        19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX IM        19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUXUSD SW     19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUXUSD EU     19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SRB GZ         19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX AV        19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    0QZH LI        19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SRB QT         19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX US        19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX SW        19,219.6   (6,231.0)    (514.8)
STARBUCKS CORP    SBUX CI        19,219.6   (6,231.0)    (514.8)
STARBUCKS-BDR     SBUB34 BZ      19,219.6   (6,231.0)    (514.8)
STARBUCKS-CEDEAR  SBUX AR        19,219.6   (6,231.0)    (514.8)
STEALTH BIOTHERA  MITO US            15.5     (175.3)     (27.3)
STEALTH BIOTHERA  S1BA GR            15.5     (175.3)     (27.3)
SUNDIAL GROWERS   14K TH            369.2       23.5       44.3
SUNPOWER CORP     S9P2 TH         1,889.7     (160.3)     264.2
SUNPOWER CORP     SPWR US         1,889.7     (160.3)     264.2
SUNPOWER CORP     S9P2 GR         1,889.7     (160.3)     264.2
SUNPOWER CORP     SPWREUR EU      1,889.7     (160.3)     264.2
SUNPOWER CORP     SPWRUSD EU      1,889.7     (160.3)     264.2
SUNPOWER CORP     S9P2 GZ         1,889.7     (160.3)     264.2
SUNPOWER CORP     S9P2 QT         1,889.7     (160.3)     264.2
SUNPOWER CORP     S9P2 SW         1,889.7     (160.3)     264.2
TAUBMAN CENTERS   TCO US          4,536.9      (89.0)       -
TAUBMAN CENTERS   TU8 GR          4,536.9      (89.0)       -
TG THERAPEUTICS   TGTX US            93.3      (25.8)       0.2
TG THERAPEUTICS   NKB2 GR            93.3      (25.8)       0.2
TG THERAPEUTICS   NKB2 TH            93.3      (25.8)       0.2
TRANSDIGM GROUP   TDG US         16,254.7   (2,885.1)   3,326.5
TRANSDIGM GROUP   T7D GR         16,254.7   (2,885.1)   3,326.5
TRANSDIGM GROUP   TDG* MM        16,254.7   (2,885.1)   3,326.5
TRANSDIGM GROUP   T7D TH         16,254.7   (2,885.1)   3,326.5
TRANSDIGM GROUP   TDGUSD EU      16,254.7   (2,885.1)   3,326.5
TRANSDIGM GROUP   T7D QT         16,254.7   (2,885.1)   3,326.5
TRANSDIGM GROUP   TDGEUR EU      16,254.7   (2,885.1)   3,326.5
TRIUMPH GROUP     TG7 GR          2,761.8     (590.8)     217.7
TRIUMPH GROUP     TGI US          2,761.8     (590.8)     217.7
TRIUMPH GROUP     TGIEUR EU       2,761.8     (590.8)     217.7
TUPPERWARE BRAND  TUP US          1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP GR          1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP SW          1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP TH          1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP1EUR EU      1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP1USD EU      1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP GZ          1,335.9     (185.0)    (116.2)
TUPPERWARE BRAND  TUP QT          1,335.9     (185.0)    (116.2)
UBIQUITI INC      3UB GR            750.6     (239.4)     373.5
UBIQUITI INC      UI US             750.6     (239.4)     373.5
UBIQUITI INC      3UB SW            750.6     (239.4)     373.5
UBIQUITI INC      UBNTEUR EU        750.6     (239.4)     373.5
UBIQUITI INC      3UB GZ            750.6     (239.4)     373.5
UNISYS CORP       UIS EU          2,405.8   (1,117.4)     266.1
UNISYS CORP       UIS US          2,405.8   (1,117.4)     266.1
UNISYS CORP       UIS1 SW         2,405.8   (1,117.4)     266.1
UNISYS CORP       UISEUR EU       2,405.8   (1,117.4)     266.1
UNISYS CORP       UISCHF EU       2,405.8   (1,117.4)     266.1
UNISYS CORP       USY1 TH         2,405.8   (1,117.4)     266.1
UNISYS CORP       USY1 GR         2,405.8   (1,117.4)     266.1
UNISYS CORP       USY1 GZ         2,405.8   (1,117.4)     266.1
UNISYS CORP       USY1 QT         2,405.8   (1,117.4)     266.1
UNITI GROUP INC   CSALUSD EU      5,031.2   (1,436.8)       -
UNITI GROUP INC   UNIT US         5,031.2   (1,436.8)       -
UNITI GROUP INC   8XC GR          5,031.2   (1,436.8)       -
UNITI GROUP INC   8XC TH          5,031.2   (1,436.8)       -
VALVOLINE INC     VVVUSD EU       2,064.0     (258.0)     374.0
VALVOLINE INC     0V4 GR          2,064.0     (258.0)     374.0
VALVOLINE INC     0V4 TH          2,064.0     (258.0)     374.0
VALVOLINE INC     VVVEUR EU       2,064.0     (258.0)     374.0
VALVOLINE INC     0V4 QT          2,064.0     (258.0)     374.0
VALVOLINE INC     VVV US          2,064.0     (258.0)     374.0
VECTOR GROUP LTD  VGR GR          1,486.7     (628.7)      27.5
VECTOR GROUP LTD  VGR US          1,486.7     (628.7)      27.5
VECTOR GROUP LTD  VGREUR EU       1,486.7     (628.7)      27.5
VECTOR GROUP LTD  VGRUSD EU       1,486.7     (628.7)      27.5
VECTOR GROUP LTD  VGR TH          1,486.7     (628.7)      27.5
VECTOR GROUP LTD  VGR QT          1,486.7     (628.7)      27.5
VERISIGN INC      VRS TH          1,886.7   (1,451.9)     337.3
VERISIGN INC      VRS GR          1,886.7   (1,451.9)     337.3
VERISIGN INC      VRSN US         1,886.7   (1,451.9)     337.3
VERISIGN INC      VRS SW          1,886.7   (1,451.9)     337.3
VERISIGN INC      VRSN* MM        1,886.7   (1,451.9)     337.3
VERISIGN INC      VRSNUSD EU      1,886.7   (1,451.9)     337.3
VERISIGN INC      VRS GZ          1,886.7   (1,451.9)     337.3
VERISIGN INC      VRSNEUR EU      1,886.7   (1,451.9)     337.3
VERISIGN INC      VRS QT          1,886.7   (1,451.9)     337.3
VERISIGN INC-BDR  VRSN34 BZ       1,886.7   (1,451.9)     337.3
W&T OFFSHORE INC  WTI US          1,027.1     (257.8)     (27.3)
W&T OFFSHORE INC  UWV GR          1,027.1     (257.8)     (27.3)
W&T OFFSHORE INC  WTI1EUR EU      1,027.1     (257.8)     (27.3)
W&T OFFSHORE INC  WTI1USD EU      1,027.1     (257.8)     (27.3)
W&T OFFSHORE INC  UWV TH          1,027.1     (257.8)     (27.3)
WAYFAIR INC- A    W US            3,007.6     (682.4)     237.0
WAYFAIR INC- A    1WF QT          3,007.6     (682.4)     237.0
WAYFAIR INC- A    1WF GR          3,007.6     (682.4)     237.0
WAYFAIR INC- A    WEUR EU         3,007.6     (682.4)     237.0
WESTERN UNIO-BDR  WUNI34 BZ       8,803.7      (19.7)    (192.1)
WESTERN UNION     W3U GR          8,803.7      (19.7)    (192.1)
WESTERN UNION     WU US           8,803.7      (19.7)    (192.1)
WESTERN UNION     W3U TH          8,803.7      (19.7)    (192.1)
WESTERN UNION     WU* MM          8,803.7      (19.7)    (192.1)
WESTERN UNION     WUUSD EU        8,803.7      (19.7)    (192.1)
WESTERN UNION     W3U GZ          8,803.7      (19.7)    (192.1)
WESTERN UNION     WUEUR EU        8,803.7      (19.7)    (192.1)
WESTERN UNION     W3U QT          8,803.7      (19.7)    (192.1)
WIDEOPENWEST INC  WOW1USD EU      2,469.0     (267.5)     (95.5)
WIDEOPENWEST INC  WOW US          2,469.0     (267.5)     (95.5)
WIDEOPENWEST INC  WU5 TH          2,469.0     (267.5)     (95.5)
WIDEOPENWEST INC  WU5 GR          2,469.0     (267.5)     (95.5)
WIDEOPENWEST INC  WU5 QT          2,469.0     (267.5)     (95.5)
WIDEOPENWEST INC  WOW1EUR EU      2,469.0     (267.5)     (95.5)
WINGSTOP INC      WING1EUR EU       168.1     (211.6)      (4.8)
WINGSTOP INC      WING US           168.1     (211.6)      (4.8)
WINGSTOP INC      EWG GR            168.1     (211.6)      (4.8)
WINMARK CORP      WINAUSD EU         48.5       (3.1)      12.6
WINMARK CORP      GBZ GR             48.5       (3.1)      12.6
WINMARK CORP      WINA US            48.5       (3.1)      12.6
WW INTERNATIONAL  WW US           1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WW6 GR          1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WTWUSD EU       1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WW6 GZ          1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WTW AV          1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WTWEUR EU       1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WW6 QT          1,516.4     (719.9)     (35.9)
WW INTERNATIONAL  WW6 TH          1,516.4     (719.9)     (35.9)
WYNDHAM DESTINAT  WD5 GR          7,563.0     (570.0)     499.0
WYNDHAM DESTINAT  WYND US         7,563.0     (570.0)     499.0
WYNDHAM DESTINAT  WD5 TH          7,563.0     (570.0)     499.0
WYNDHAM DESTINAT  WYNUSD EU       7,563.0     (570.0)     499.0
WYNDHAM DESTINAT  WD5 QT          7,563.0     (570.0)     499.0
WYNDHAM DESTINAT  WYNEUR EU       7,563.0     (570.0)     499.0
YELLOW PAGES LTD  YMI GR            353.3      (77.7)      54.9
YELLOW PAGES LTD  YEUR EU           353.3      (77.7)      54.9
YELLOW PAGES LTD  YLWDF US          353.3      (77.7)      54.9
YELLOW PAGES LTD  Y CN              353.3      (77.7)      54.9
YUM! BRANDS -BDR  YUMR34 BZ       5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   TGR TH          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   TGR GR          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUM* MM         5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUMUSD SW       5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUMUSD EU       5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   TGR GZ          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUMEUR EU       5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   TGR QT          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUM SW          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUM US          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   YUM AV          5,003.0   (8,097.0)     561.0
YUM! BRANDS INC   TGR TE          5,003.0   (8,097.0)     561.0



                            *********

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
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herein is obtained from sources believed to be reliable, but is
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                   *** End of Transmission ***