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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, May 15, 2023, Vol. 27, No. 134

                            Headlines

129 N WALNUT: May Use $35,000 of Cash Collateral Thru July 18
1325 ATLANTIC: Unsecureds to Recover Up to 100% of Claims in Plan
24 HOUR FITNESS: Colorado Springs Location to Close in May
34 SUMNER: Court OKs Cash Collateral Access Thru June 15
511 SEAWARD: Case Summary & 14 Unsecured Creditors

560 SEVENTH AVENUE: Auction for NY Property Set for July 10
942 PENN RR: Court Denies Mendez' Petition for Writ of Mandamus
A+ REMODELING: Amended Small Business Plan Confirmed by Judge
ADHERA THERAPEUTICS: Grosses $100K From Non-Convertible Note Sale
AEARO TECHNOLOGIES: Seeks to Extend Plan Exclusivity to June 26

AGWAY FARM: Seeks to Extend Plan Exclusivity to June 2
AIR METHODS: $1.25B Bank Debt Trades at 46% Discount
AJM MANAGEMENT: Case Summary & 15 Unsecured Creditors
AKORN OPERATING: $370M Bank Debt Trades at 70% Discount
ALCARAZ CATERING: Court OKs Deal on Cash Collateral Access

AMERICAN HVAC: Court OKs Cash Collateral Access Thru June 7
AMERICAN VIRTUAL: Seeks to Extend Plan Exclusivity to August 8
AMERICORE HOLDINGS: June 20 Disclosure Statement Hearing Set
ANCHOR GLASS: $67M Bank Debt Trades at 64% Discount
APEX SIERRA: Lender Says It's Owed $200K, Opposes Plan

ARMATA PHARMACEUTICALS: Appoints New Chief Financial Officer
ASLM GAS: Bid to Use Cash Collateral Denied
ASP BLADE: $850M Bank Debt Trades at 15% Discount
ASP LS ACQUISITION: $1.38B Bank Debt Trades at 17% Discount
ATLAS PURCHASER: $250M Bank Debt Trades at 38% Discount

AUBSP OWNERCO: Seeks to Extend Plan Exclusivity to July 2
AVEANNA HEALTHCARE: $200M Bank Debt Trades at 16% Discount
AVENIR MEMORY: Court OKs Cash Collateral Access Thru June 30
BAUSCH HEALTH: $2.5B Bank Debt Trades at 21% Discount
BELTWAY PLAZA: Seeks Cash Collateral Access Thru June 30

BIGHORN RESTAURANTS: Court OKs Cash Collateral Access Thru May 31
BLINK CHARGING: Brendan Jones Named President and CEO
BOUQUET RESTAURANT: Court OKs Cash Collateral Access Thru June 14
BRAVO MULTINATIONAL: Incurs $143K Net Loss in First Quarter
C & A TRANSPORTATION: Amends Plan to Resolve Several Claim Issues

CA TECHIES: Bid to Use Cash Collateral Denied
CARBO CERAMICS: Not Entitled to Depreciation Under the 2008 MOU
CASA CBW: Unsecured Creditors to Get Share of Income for 3 Years
CELSIUS NETWORK: Apollo Provides Financial Backing to Bidder
CENTURY ALUMINUM: Unit Buys Outstanding Shares of General Alumina

CERTENEJAS INCORPORADO: Case Summary & 20 Top Unsecured Creditors
CHENIERE ENERGY: Moody's Puts 'Ba1' CFR on Review for Upgrade
CHRISTMAS TREE: May 15 Deadline Set for Panel Questionnaires
CLUB CAR: S&P Alters Outlook to Stable, Affirms 'B' ICR
CMG MEDIA: $2.15B Bank Debt Trades at 16% Discount

COPPER CANYON: S&P Lowers Debt Rating to 'BB+' on Fund Balances
COX INDUSTRIAL: Seeks Cash Collateral Access
CPC ACQUISITION: $1.03B Bank Debt Trades at 26% Discount
CPC ACQUISITION: $225M Bank Debt Trades at 56% Discount
CRAFTSMAN ROOFING: Court OKs Cash Collateral Access Thru May 31

CYXTERA DC HOLDINGS: $100M Bank Debt Trades at 38% Discount
CYXTERA DC HOLDINGS: $815M Bank Debt Trades at 34% Discount
CYXTERA TECHNOLOGIES: Incurs $325.4M Net Loss in First Quarter
CYXTERA TECHNOLOGIES: Secures $50M Financing, Inks RSA With Lenders
DANA FINANCING: S&P Rates New EUR425MM Senior Unsecured Notes 'BB-'

DESOLATION HOLDINGS: May 17 Deadline Set for Panel Questionnaires
DEYO ENTERPRISES: Court OKs Cash Collateral Access Thru May 25
DIGITAL MEDIA: Receives Noncompliance Notice From NYSE
DIV005 LLC: Unsecured Creditors to Split $600K in Joint Plan
DODGE DATA: $455M Bank Debt Trades at 16% Discount

DOMINARI HOLDINGS: Appoints Matthew McCullough as General Counsel
E-B DISPLAY: Case Summary & 20 Largest Unsecured Creditors
ENDO INTERNATIONAL: Board Taps Latham & Watkins as Special Counsel
EQUISEK INC: Court OKs Cash Collateral Access Thru July 10
F.R. ALEMAN: Court OKs Final Cash Collateral Access

FIRST REPUBLIC: Warren Slams Bonuses, Stock Sales
FIRSTCASH HOLDINGS: S&P Alters Outlook to Stable, Affirms 'BB' ICR
FRANCHISE GROUP: S&P Places 'B+' ICR on CreditWatch Negative
FREE SPEECH: Jones Used Bankruptcy to Delay Hook Defamation Trial
FTX GROUP: Shaq Seeks to Quash Summons as Inadequate

GHOST TRAIN: Asset Sale Proceeds to Fund Plan Payments
GHOST TRAIN: Seeks $200,000 DIP Loan from PCI GT
HIGHWATER GROUP: Court OKs Cash Collateral Access Thru July 12
IEH AUTO PARTS: Seeks to Extend Plan Exclusivity to September 28
IMA FINANCIAL: S&P Assigns 'B' Rating on $200MM 1st-Lien Term Loan

IMV INC: Obtains CCAA Initial Stay Order; To Sell Assets
IRON MOUNTAIN: S&P Rates New $1BB Senior Unsecured Notes 'BB-'
J.A.R. CONCRETE: Seeks Bankruptcy After 65 Years in Business
JENNY CRAIG: Will Liquidate After Sale Effort Failed
JIM'S ALL SEASONS: Files Emergency Bid to Use Cash Collateral

JUSTICE SAND: Files Emergency Bid to Use Cash Collateral
KALI'S COURT: Files Emergency Bid to Use Cash Collateral
KJ TRADE: Wins Final Cash Collateral Access
KKR REAL ESTATE: S&P Downgrades ICR to 'B+', Outlook Stable
LA BELLE FRANCE: Court OKs Interim Cash Collateral Access

LEGACY CARES: Court OKs $9MM DIP Loan From UMB Bank
LIFESCAN GLOBAL: $275M Bank Debt Trades at 38% Discount
LIGADO NETWORKS: $117M Bank Debt Trades at 19% Discount
MADERA COMMUNITY HOSPITAL: Could Lose License, Risk Its Future
MAGENTA BUYER: $3.18B Bank Debt Trades at 16% Discount

MATHIS & MATHIS: Unsecureds Will Get 26.9 Cents on Dollar in Plan
MD HELICOPTERS: 3rd Circuit Tosses Dutch Appeal in Chapter 11 Sale
MERCURITY FINTECH: Unit Purchases J.V. Delaney & Associates
MGM RESORTS: S&P Alters Outlook to Stable, Affirms 'B+' ICR
MONEYGRAM INTERNATIONAL: S&P Affirms 'B' ICR, Outlook Stable

MONITRONICS: Reaches Deal With Creditors to Slash Debt by $500Mil.
MR. COOPER GROUP: Moody's Affirms B1 CFR on Home Point Transaction
MULTEC INDUSTRIAL: Seeks Cash Collateral Access
MYLIFE.COM INC: Seeks to Extend Plan Exclusivity to March 1, 2024
NATIONAL CINEMEDIA: Wins Final Cash Collateral Access

NATIONAL REALTY: Exclusivity Period Extended to August 1
NAUTILUS POWER: S&P Raises Debt Rating to 'CCC', Outlook Negative
NEVER SLIP: S&P Downgrades ICR to 'CCC' on Refinancing Risk
NEW CONSTELLIS: $200,000 Bank Debt Trades at 42% Discount
NEW YORK INN: Bankruptcy Court Grants AIIC's Motion to Dismiss

NEW YORK INN: Court Limits Viva Inn's Recovery for Attorney's Fees
NEWCO LLC: Case Summary & 12 Unsecured Creditors
NOVUSON SURGICAL: Files Emergency Bid to Use Cash Collateral
ONE CALL: $700M Bank Debt Trades at 23% Discount
OWENS-BROCKWAY GLASS: S&P Assigns 'B+' Rating on New Unsec. Notes

PACKABLE HOLDINGS: Court OKs Final Cash Collateral Access
PALACE CAFE: Amends Louisiana Revenue Dept. Secured Claims Pay
PANOS FITNESS: May Use Cash Collateral Thru Mid-June
PARAMOUNT REAL: June 13 Disclosure Statement Hearing Set
PETES AUTO: Seeks Cash Collateral Access

PG&E CORP: Fire Victims, Investors Fight Over Insurance
PHOENIX HOLDINGS: Exclusivity Period Extended to June 19
PRECISION FORGING: Court OKs Cash Collateral Access Thru June 15
PROTECH METALS: Hearing Tuesday on Continued Cash Collateral Use
PUERTO RICO: PREPA Bankruptcy at Risk of Dismissal

PUG LLC: $1.7B Bank Debt Trades at 17% Discount
QUALITY HEATING: Court OKs Cash Collateral Access Thru May 24
R & D CARPENTER: Rental Income to Fund Plan Payments
R&W CLARK CONSTRUCTION: Seeks Cash Collateral Access
RANGE PARENT: S&P Downgrades ICR to 'SD' on Distressed Exchange

RED PLANET: $1.40B Bank Debt Trades at 21% Discount
REMODEL 615: Unsecureds to Get Share of Income for 3 Years
RESTAURANT BRANDS: Burger King to Close Up to 400 Restaurants
SANOTECH 360: Seeks to Extend Plan Exclusivity to September 29
SHOPS@BIRDS: Files for Chapter 11 Bankruptcy

SIGNAL PARENT: $550M Bank Debt Trades at 26% Discount
SILICON VALLEY BANK: Deadline to File Claims Set for July 10
SILVER CREEK: Auction for Business, Lease on May 25
SINCLAIR TELEVISION: $740M Bank Debt Trades at 17% Discount
SPORTSMAN'S LINK: Dismissal of Abdulla vs. Southern Bank Affirmed

STOCKTON GOLF: Wins Cash Collateral Access
SUNSET DEBT MERGER: $1.63B Bank Debt Trades at 16% Discount
SUPERIOR EMERGENCY: Taps McDonald Carano as Legal Counsel
SUREFUNDING LLC: Taps Milligan Rona Duran & King as Special Counsel
T.G. HOLDINGS: Unsecured Creditors Will Get 2% of Claims in Plan

TAMA DEVELOPMENT: Unsecureds to be Paid in Full in Sale Plan
TAMG REALTY: Seeks Cash Collateral Access
TERRA MANAGEMENT: June 21 Disclosure Statement Hearing Set
TESORINA LLC: Court OKs Cash Collateral Access Thru July 11
TMX FINANCE: S&P Alters Outlook to Stable, Affirms 'B-' ICR

TREASURE ISLAND: Court OKs Final Cash Collateral Access
TROIKA MEDIA: Extends Milestones Under Blue Torch Agreement
TURBO COMPONENTS: Court OKs Cash Collateral Access Thru Aug 31
UBO-TECHNOLOGIES: Court OKs Interim Cash Collateral Access
VALCAL INC: Seeks Chapter 11 Bankruptcy Protection

VECTRA CO: $425M Bank Debt Trades at 17% Discount
VERRA MOBILITY: S&P Upgrades ICR to 'BB-', Outlook Stable
VICE MEDIA: Lenders to Buy Business Out of Bankruptcy
VICE MEDIA: Soros Preps Up Offer to Buy Company Out of Bankruptcy
VOLEL PROFESSIONAL: Court OKs Cash Collateral Access Thru June 1

WAVECREST ENTERPRISES: Seeks Cash Collateral Access
WHEEL PROS: $1.18B Bank Debt Trades at 32% Discount
YAK TIMBER: Case Summary & 16 Unsecured Creditors
[*] Total Bankruptcies Rise But Still Below Pre-Pandemic Levels
[^] BOND PRICING: For the Week from May 8 to 12, 2023


                            *********

129 N WALNUT: May Use $35,000 of Cash Collateral Thru July 18
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of New York
authorized 129 N Walnut Street LLC to use cash collateral on an
interim basis in accordance with the budget through July 18, 2023.

The Debtor is permitted to pay post-petition expenses of up to
$55,000 and only pay actual and necessary expenses of its operation
as set forth in the budget.

129 N Walnut Street LLC owns a 41-unit apartment building in 129 N
Walnut Street in East Orange, N.J.  As of the bankruptcy filing
date, the Property was fully occupied. The Property is the Debtor's
sole tangible asset. The Debtor's sole source of revenue are the
rents paid by tenants at the Property.

To the extent of the diminution in the value of any interest it has
in rents, Basis Multifamily Finance I LLC, is granted a first
priority lien on (i) all property acquired by the Debtor after the
filing of the case and any proceeds thereof, and (ii) any of the
Debtor's assets not already subject to Basis' alleged security
interest and any proceeds thereof -- in addition to any existing
liens it may hold on the Property and the Rents or otherwise.

Basis is scheduled to hold a $6.1 million claim.

As further adequate protection, the Debtor must pay Basis $27,954
on or before May 31 and June 30, which may be paid from the Rents.
Basis will be granted an allowed superpriority administrative
expense claim, pursuant to 11 U.S.C. Section 507(b), with priority
over all administrative expense claims and unsecured claims against
the Debtor, to the extent of the diminution of its alleged interest
in the value of the Rents.

Basis will not have any lien on any avoidance actions under
subchapter 5 of the Bankruptcy Code. Any substitute lien or
adequate protection claim granted will be subordinate to (i) the
payment of United States Trustee's fees pursuant to 28 U.S.C. Sec.
1930 (a)(6) plus interest at the statutory rate for any fees not
paid in a timely manner, and any fees payable to the Clerk of the
Bankruptcy Court; and (ii) reasonable fees and expenses of a
Chapter 7 trustee allowable pursuant to 11 U.S.C. section 726(b) in
an amount not to exceed $10,000.

A copy of the order is available at https://bit.ly/430vSIX from
PacerMonitor.com.

                   About 129 N Walnut Street LLC

129 N Walnut Street LLC owns a 41-unit apartment building in 129 N
Walnut Street in East Orange, N.J. 129 N Walnut Street LLC sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
E.D.N.Y. Case No. 22-42104) on September 2, 2022. In the petition
signed by Samuel Rosenbaum, its managing member, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Elizabeth S. Stong oversees the case.

The Law Offices of Isaac Nutovic is the Debtor's counsel.



1325 ATLANTIC: Unsecureds to Recover Up to 100% of Claims in Plan
-----------------------------------------------------------------
1325 Atlantic Realty, LLC, filed with the U.S. Bankruptcy Court for
the Eastern District of New York a Disclosure Statement for Plan of
Liquidation dated May 9, 2023.

The Debtor is a private New York limited liability company, 100%
owned by Green 20 LLC. The Debtor's only asset is the property
known as 1325-1339 Atlantic Avenue, Brooklyn, New York (the
"Property").

The Debtor filed this case due to a dispute with Brooklyn
Hospitality Group, LLC (the "Tenant"), which currently leases the
Property.

Among other things, the Tenant (i) failed to pay the base rent
subsequent to February 1, 2021; (ii) failed to complete agreed upon
construction on the Property designed to convert the Property into
a hotel; (iii) failed to pay, at least, 18 contractors working on
the construction project which led to multiple mechanic's liens
being placed on the Property totaling approximately $4,668,146.81;
(iv) stopped paying rent; (v) stopped paying real estate taxes;
(vi) left the Debtor scrambling to ensure proper insurance coverage
was established on the Property; and (vii) refused to vacate the
Property.

Lazar Waldman, or his designees and assigns (collectively,
"Waldman"), is granted an option to purchase the Debtor's right,
title and interest in the Property pursuant to the terms of the
Sale and Purchase Agreement for a total purchase price of
$13,200,000.00.

Each of the following (the "BHG Obligations") shall remain the sole
obligations of BHG and Waldman, and the Debtor shall have no
obligations in regard to any of the following: (i) any and all
existing property taxes (which must be paid by Waldman, before or
at the closing of the purchase of the Property) and (ii) the payoff
of that portion of the GFNP Leasehold Mortgage equaling $3,000,000
(which must be paid by Waldman, or his designees and assigns,
before or at the closing of Waldman's purchase of the Property),
and (iii) all mechanics liens allowed by the Bankruptcy Court after
objection and reconciliation which Waldman may bring.

All of the BHG Obligations are debts due by BHG under the Lease,
and all of the same shall be the exclusive obligation of BHG and
Waldman. As an inducement to GFNP to enter into this Agreement,
Waldman may not close on the purchase of the Property while any of
the BHG Obligations remain outstanding.

The closing of the Property Sale shall take place no later than 60
days after the date of entry of an order by the Bankruptcy Court
confirming the Plan. In the event that Waldman fails to close by
that date, a notice of default shall be sent by email to his
counsel, whereupon the closing date shall be extended for a period
of 10 days after such default notice is sent to Waldman's counsel.

Class 1 consists of Mechanic's Lien Claims. On or after the
Effective Date, each holder of an Allowed Mechanic's Lien Claim
shall be paid in full by the BHG Claimants pursuant to the terms of
the BHG Settlement Agreement or as otherwise agreed by the holder
of the Mechanic's Lien Claim and BHG Claimants in full and final
satisfaction of such Allowed Mechanic's Lien Claim.

Class 2 consists of General Unsecured Claims. Each Holder of an
Allowed General Unsecured Claim shall receive one or more
distributions on a pro rata basis, up to 100% of such Allowed
General Unsecured Claim, in full and final satisfaction of such
Allowed General Unsecured Claim from the proceeds of the Property
Sale or such other treatment as to which the Debtor and the holder
of such Allowed General Unsecured Claim shall have agreed upon in
writing. The allowed unsecured claims total $612,160.00.

Class 3 consists of Equity Interests. Holders of the Interests
shall receive one or more distributions up to 100% of such
Interests on or after the Effective Date in full and final
satisfaction of such Interests from the proceeds of the Property
Sale or such other treatment as to which the Debtor and the holder
of such interests shall have agreed upon in writing.  

The Debtor is authorized to structure the Property Sale pursuant to
the terms of the Sale and Purchase Agreement so that it qualifies
under the exchange provisions of Section 1031 of the Internal
Revenue Code of 1986, as amended (a "Like-Kind Exchange"). Waldman
agrees to cooperate with Debtor by taking such actions as are
reasonably required to effectuate such a LikeKind Exchange,
including but not limited to (i) the execution of any and all
documents, either in customary form used by a qualified
intermediary, or, subject to the reasonable approval of Waldman's
counsel, as are requested in connection therewith; and (ii) the use
of a qualified intermediary.

The Plan and the Distributions shall be funded by the net proceeds
of Property Sale provided that the Priority Tax Claims, the
Property Tax Claims and a portion of U.S. Trustee fees, shall be
satisfied by the BHG Claimants pursuant to the terms of the BHG
Settlement Agreement.

A full-text copy of the Disclosure Statement dated May 9, 2023 is
available at https://bit.ly/3MoTxxa from PacerMonitor.com at no
charge.

Counsel to the Debtor:

     Tracy L. Klestadt, Esq.
     Christopher Reilly, Esq.
     Klestadt Winters Jureller Southard & Stevens, LLP
     200 West 41st Street, 17th Floor
     New York, NY 10036
     Tel: (212) 972-3000
     Fax: (212) 972-2245
     Email: tklestadt@klestadt.com
            creilly@klestadt.com

                    About 1325 Atlantic Realty

1325 Atlantic Realty, LLC, a company in Lakewood, N.J., filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 22-40277) on Feb. 16, 2022, with up
to $50 million in assets and up to $10 million in liabilities.
Esther Green, manager, signed the petition.

Judge Nancy Hershey Lord oversees the case.

Klestadt Winters Jureller Southard & Stevens, LLP and Levine &
Associates, P.C. serve as the Debtor's bankruptcy counsel and
special litigation counsel, respectively.


24 HOUR FITNESS: Colorado Springs Location to Close in May
----------------------------------------------------------
Rich Laden of The Gazette (Colorado Springs, Colo.) reports that 24
Hour Fitness wasn't the only chain that closed locations at the
time; Gold's Gym shuttered all three of its Springs-area centers in
April 2020, also citing financial troubles because of the
pandemic.

The 24 Hour Fitness location at the Marketplace at Austin Bluffs
opened in August 1998 and occupied a roughly 44,000-square-foot
space, according to Gazette archives.

At the time, the shopping center was a mini indoor mall known as
Mall of the Bluffs, and later was rebranded as the Shops at the
Bluffs.

In 2006, new owners embarked on a makeover of the dying retail
center, which had lost many of its tenants. Most of it was torn
down and rebuilt; 24 Hour Fitness, however, remained in its
original building on the shopping center's north side.

                     About 24 Hour Fitness

24 Hour Fitness Worldwide, Inc., owns and operates fitness centers
in the United States. As of March 31, 2017, the company operated
426 clubs serving approximately 3.6 million members across 13
states and 23 markets, predominantly in California, Texas and
Colorado.  For the 12 months ended March 31, 2017, the company
generated total revenue of about $1.4 billion. In May 2014, 24 Hour
Fitness was acquired by affiliates of AEA Investors LP, Fitness
Capital Partners and Ontario Teachers' Pension Plan for a total
purchase price of approximately $1.8 billion.

24 Hour Fitness Worldwide and its affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 20-11558) on June 15,
2020.  24 Hour Fitness was estimated to have $1 billion to $10
billion in assets and liabilities as of the bankruptcy filing.  The
Hon. Karen B. Owens is the case judge.

The Debtors tapped Weil, Gotshal & Manges, LLP as lead bankruptcy
counsel, FTI Consulting, Inc. as financial advisor, Lazard Freres &
Co. LLC as investment banker. Pachulski Stang Ziehl & Jones, LLP,
is the Debtors' local counsel. Prime Clerk, LLC, is the claims
agent.

PJT Partners acted as financial adviser and O'Melveny & Myers LLP
acted as legal counsel to the ad hoc group of debt holders.
Richards Layton & Finger PA is the group's local counsel.

Morgan Stanley Senior Funding Inc., as lender administrative and
collateral agent, is represented by Andrew L. Magaziner of Young
Conaway Stargatt & Taylor LLP, and Richard A. Levy and James
Ktsanes of Latham & Watkins LLP.

The U.S. Trustee for Regions 3 and 9 appointed a committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
The committee is represented by Cooley, LLP.

                         *     *     *

24 Hour Fitness Worldwide in December 2020 won court approval of a
bankruptcy-exit plan that would slash $1.2 billion of debt by
handing the fitness chain over to a group of lenders.  Unsecured
creditors owed $900,000,000 were slated to recover only 0.1% to
1.0% under the plan.


34 SUMNER: Court OKs Cash Collateral Access Thru June 15
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts,
Western Division, authorized 34 Sumner Realty LLC to use cash
collateral on an interim basis in accordance with the budget,
through June 15, 2023.

A hearing on the matter is set for June 15 at 12 p.m.

As previously reported by the Troubled Company Reporter, the Debtor
is attempting to operate its businesses and manage its affairs and
properties, although its efforts are being thwarted by the first
mortgagee on its properties, Mooring NC IV, LLC.

The first mortgage on the Debtor's property located in 34 Sumner
Avenue, Springfield, Massachusetts -- save perhaps one condominium
and certain parking places -- was originally held by Security
Mutual Insurance Company of New York, and was transferred to
Mooring in May or June 2022.  Security Mutual took possession of
the 34 Sumner Avenue Property approximately three years ago, and
Mooring has continued to possess the property, receiving rents.

There is a second mortgage held by Belvidere Capital LLC.

The Debtor says it needs to use the cash collateral assets
generated by the rentals to continue paying condominium fees,
utilities, insurance, real estate taxes, maintenance, and related
items. The Debtor proposes to retain any balance in its
debtor-in-possession account.

These creditors assert security interests in the Debtors'
properties:

     -- Mooring NC IV, LLC with a principal place of business at
100 Court street, P.O. Box 1625, Binghamton, New York, 13902.
Mooring claims a first mortgage on the real properties of the
Debtor, securing a loan of approximately $3,500,000; this loan was
a refinance of the original mortgage obligation incurred in the
purchase of the Debtor's real properties.

    -- Belvidere Capital, LLC, 396 Andover Street, Lowell, MA
01852, claims a second mortgage on the real properties of the
Debtor, securing a loan of approximately $3,000,000. The Debtor did
not receive the benefits of this loan, but rather an affiliate of
the Debtor did.

As adequate protection to the Secured Creditors for the Debtor's
use of assets in which the Secured Creditors claim a security
interest, to the extent that the Debtor's use of cash collateral
results in a decrease in the value of the Secured Creditors'
interest in their collateral, the Secured Creditors are granted
replacement liens and security interests in all of the Debtor's
assets in which the Secured Creditors possess a security interest
as of the Petition Date, to the same extent, validity, priority and
enforceability of their perfected security interests that they
would have had in the absence of the bankruptcy filing.

A copy of the order is available at https://bit.ly/3MkVZVr from
PacerMonitor.com.

                   About 34 Sumner Realty LLC

34 Sumner Realty LLC owns various condominium units, garage units,
retail unit, and storage unit, at 34 Sumner Avenue, Springfield,
MA, with an aggregate value of $4 million.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 23-30073) on March 2,
2023. In the petition signed by Louis Masaschi, as manager, the
Debtor disclosed $4,000,000 in assets and $7,000,000 in debts.

Judge Elizabeth D. Katz oversees the case.

The Law Offices of Louis S. Robin serves as counsel to the Debtor.



511 SEAWARD: Case Summary & 14 Unsecured Creditors
--------------------------------------------------
Debtor: 511 Seaward LLC, a California limited liability company
        425 30th Street
        Newport Beach, CA 92663

Business Description: The Debtor is engaged in activities related
                      to real estate.

Chapter 11 Petition Date: May 12, 2023

Court: United States Bankruptcy Court
       Central District of California

Case No.: 23-10994

Debtor's Counsel: David Goodrich, Esq.
                  GOLDEN GOODRICH LLP
                  650 Town Center Drive Suite 600
                  Costa Mesa, CA 92626
                  Tel: (714) 966-1000
                  Email: dgoodrich@go2.law

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Montgomery as managing member.

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

https://www.pacermonitor.com/view/7SYIKWY/511_Seaward_LLC_a_California_limited__cacbke-23-10994__0001.0.pdf?mcid=tGE4TAMA


560 SEVENTH AVENUE: Auction for NY Property Set for July 10
-----------------------------------------------------------
AREPIII MVTS LLC will sell all of the limited liability company
interest ("collateral") held by 560 Seventh Avenue Owner Secondary
LLC in and to 560 Seventh Avenue Owner Primary LLC to the highest
qualified bidder at a public sale that will take place on July 10,
2023, at 10:00 a.m. Easter Daylight Time (New York), both in person
and remotely from the offices of Paul Hastings LLP, 200 Park
Avenue, New York, New York 10166.

Remote log in credentials will be provided to registered bidders.

Secured party's understanding is that the principal asset of the
pledged entity is the parcel of real property commonly know as 650
Seventh Avenue a/k/a 205 W. 40th Street, New York, New York,
currently occupied by and operated as the Margaritaville Resorts
Times Square.

Interested parties who intend to bid on the above collateral must
contact Brock Cannon of Newmark & Company Real Estate Inc. at
brock.cannon@nmrk.com, tel: 212-372-2066, to receive the terms of
public sale and bidding instructions.

Attorneys for the secured party:

   Paul Hasting LLP
   Attn: Eric R. Allendorf, Esq.
   200 Park Avenue
   New York, New York 10166
   Tel: (212) 318-6383
   Fax: (212) 303-7083
   Email: ericallendorf@paulhastings.com


942 PENN RR: Court Denies Mendez' Petition for Writ of Mandamus
---------------------------------------------------------------
In the appealed case captioned as ROBERT MENDEZ, Appellant, v. 942
PENN RR, LLC, Appellee, Case No. 23-CV-21366-RAR, (S.D. Fla.),
Judge Rodolfo A. Ruiz, II of the U.S. District Court for the
Southern District of Florida has issued an order denying the
Emergency Motion filed by Robert Mendez and dismissing the case
without prejudice.

Robert Mendez requests the Court to prevent the sale of property
that is the subject of a bankruptcy proceeding -- 942 Penn RR,
LLC's bankruptcy case (Bankr. Case No. 22-BK-14038), by issuing a
writ of mandamus.

Appellant Mendez, and another individual, Raziel Ofer, each hold
50% of the Debtor's membership interests and are co-managers of the
Debtor. The bankruptcy court appointed a Chapter 11 Trustee of the
Debtor's bankruptcy estate. Following an investigation and
litigation in the underlying bankruptcy case from June 2022 through
March 2023, the Trustee was authorized to conduct and did conduct
an auction on March 30, 2023 to sell the Real Property. The
bankruptcy court issued its Final Sale Order on April 5, 2023, and
it does not appear that any party has appealed that Order.

The Appellant brings this case seeking a writ of mandamus
requesting that the Court halt the approved sale, set to occur on
April 12, 2023. The Appellant's Motion, which meanders around
various complaints with the entire underlying litigation, seeks a
stay of the anticipated April 12, 2023 sale of Real Property so
that the Appellant may file a complaint in district court for
"declaratory relief, damages, quiet title, and breach of duty by
the trustee" because the property is being sold "unnecessarily."
The Appellant describes his displeasure with the anticipated sale
but cites no precedent and makes no persuasive arguments to suggest
Appellant's right to issuance of the writ is "clear and
indisputable."

The Court finds that Appellant's Emergency Motion does not meet the
three-prong criteria for the Court to grant the "drastic and
extraordinary remedy" of issuing a writ of mandamus. While this is
not an exhaustive list of the problems with the Appellant's Motion,
the Court finds that the Appellant fails to demonstrate that he has
no other adequate means to attain his desired relief, particularly
because the Appellant does not appear to have appealed the
bankruptcy court's rulings, or at least the Final Sale Order with
which the Appellant takes issue.

Accordingly, the Court finds that the issuance of a writ of
mandamus would not be appropriate under the circumstances.

A full-text copy of the Order dated April 12, 2023, is available
https://tinyurl.com/bdfrhvs4 from Leagle.com.

                         About 942 Penn RR

942 Penn RR, LLC owns a short-term luxury apartment building
located at 942 Pennsylvania Ave., Miami Beach, Fla.

942 Penn RR filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 22-14038) on
May 23, 2022, with $1,617,630 in total assets and $27,179,541 in
total liabilities.  Raziel Ofer, manager, signed the petition.

Judge Robert A. Mark oversees the case.

The Law Office of Mark S. Roher, PA, is the Debtor's legal
counsel.

On June 29, 2022, the court appointed Barry E. Mukamal as the
Debtor's Chapter 11 trustee. Bast Amron, LLP and KapilaMukamal, LLP
served as the trustee's legal counsel and accountant,
respectively.

On March 28, 2023, the court confirmed the Chapter 11 plan of
liquidation filed by Mr. Mukamal for the Debtor. Mr. Mukamal was
appointed as plan administrator of the Debtor's post-confirmation
estate.

The plan administrator tapped Bast Amron as legal counsel and
KapilaMukamal as accountant.



A+ REMODELING: Amended Small Business Plan Confirmed by Judge
-------------------------------------------------------------
Judge Robert L. Jones has entered findings of fact, conclusions of
law and order confirming the First Amended Small Business Chapter
11 Plan of Reorganization of A+ Remodeling and Construction, Inc.

Prior to the deadline for filing objections to the Plan, Jeromy
Rutledge and the Internal Revenue Service ("IRS") filed formal
objections to confirmation of the Plan. The Debtor reached
agreements with Rutledge and the IRS regarding the treatment to be
afforded their respective claims. Likewise, the Debtor worked with
Ms. Katharine Battaia Clark, the Subchapter V Trustee regarding the
amendments to the Plan to resolve the objections of Rutledge and
the IRS.

As announced, the Plan is amended as follows:  

Classes 4 and 5 have been combined into one class of all general
unsecured creditors. Class 5 now becomes the class of Equity
Interests Holders. Class 6 is dissolved and stricken in its
entirety from the Plan.

The Plan provision dealing with the treatment of the IRS Priority
Claim is stricken in its entirety and replaced with the following
provision:

     * Internal Revenue Service. The IRS filed a second amended
Proof of Claim No. 2 in the total amount of $155,884.20. The IRS
asserts that of the $155,884.20 owed to them, $24,972.70 (the "IRS
Priority Claim") is entitled to priority under 11 U.S.C. §
507(a)(8). The Priority Claim consists of an estimated tax
liability in the total amount of $7,239.89 (the "Estimated
Amount"). The Estimated Amount relates to employment taxes for the
quarters ending December 2021, June 2022, and December 2022; and
corporate income taxes for the period ending December 2022. The
Debtor has received an automatic extension for the filing of its
2022 Corporate Income Tax Return. The Debtor will file its 2022
Corporate Income Tax Return by the time of the extension. The
Debtor will file the remaining outstanding returns for the periods
related to employment taxes by no later than June 30, 2023. Debtor
believes the Priority Claim of the IRS will be reduced based on the
filing of these returns and the actual tax liability of the Debtor.
The Debtor will commence equal monthly payments of approximately
$600 on the IRS Priority Claim on the 5th day of the first full
month following the Effective Date of the Plan and shall continue
thereafter in equal monthly installments until such time as the IRS
Priority Claim is paid in full within the time period allowed under
11 U.S.C. § 1129(a)(9)(C). Upon the filing of all returns, the IRS
will file an amended claim relating to the IRS Priority Claim, and
all parties reserve their rights as to the allowed amount of the
IRS Priority Claim upon the filing of an amended claim by the IRS.
The IRS Priority Claim shall accrue interest at 7% per annum from
the Effective Date until paid in full.

The Plan provision dealing with the treatment of the IRS Secured
Claim is stricken in its entirety and replaced with the following
provision:

     * Class 2 consists of the Secured Tax Claim of Internal
Revenue Service. The IRS filed a second amended Proof of Claim No.
2 in the total amount of $155,884.20. The IRS asserts that
$86,717.28 of its claim is secured by the Debtor's assets. The IRS
Secured Claim is composed of tax liability in the amount of
$44,763.65, penalty in the amount of $27,139.17, and interest to
the petition date of $14,814.46.

     * The IRS's claim has also been assessed against the Debtor's
principal, Jerry Bumpas. Mr. Bumpas sold personal assets and
$37,695.67 was paid over to the IRS on account of the past due
taxes owed by the Debtor. The Debtor and the IRS have worked
together regarding the application of this amount to the IRS
Secured Claim and the IRS Priority Claim, after payment of any
other taxes Mr. Bumpas personally owed to the IRS not associated
with A+ Remodeling.

      * The Debtor proposes to pay the allowed IRS Secured Claim in
72 equal monthly installments with the first payment due on the 5th
day of the first full month after the Effective Date and continuing
thereafter until paid in full. The allowed IRS Secured Claim shall
accrue interest at the 7% per annum from the Effective Date until
paid in full. The IRS shall retain its lien against the Debtor's
assets until the allowed IRS Secured Claim is paid in full.

The Plan provision dealing with the treatment of Class 4 claims is
stricken in its entirety and replaced with the following
provision:

     * Class 4 consists of General Unsecured Creditors. This Class
consists of the holders of all general unsecured claims. The Debtor
estimates that the total amount of General Unsecured Claims in this
class total approximately $329,000. The Plan provides for the
General Unsecured Creditors which have Allowed Claims in this class
to be paid 5% of the value of their claim in cash on the Effective
Date of the Plan. In the event the Debtor seeks to modify its Plan
to increase the distribution to General Unsecured Creditors, all
claimants holding Allowed General Unsecured Claims will receive
their pro rata share of the increased distribution, notwithstanding
their initial receipt of 5% of their claim on the Effective Date of
the Plan.

The Plan provision dealing with the treatment of Class 5 claims is
stricken in its entirety and replaced with the following
provision:

     * Class 5 consists of Equity Interest Holders. Jerry Bumpas
shall remain the 100% owner of the Debtor. Jerry Bumpas will
continue to serve as the president of the Debtor and be entitled to
reasonable compensation for his role as president of the Debtor.
Currently, Mr. Bumpas receives as reasonable compensation a draw of
$2,000 per week during the Plan, which Mr. Bumpas takes using his
business judgment. Mr. Bumpas will continue to use his business
judgment in taking his reasonable draw, which business judgment may
include delay in the payment of his weekly draw until such time as
the Debtor has funds sufficient to pay the weekly draw, including
any payments necessary to catch up the Debtor in the payment of
weekly draws not taken by Mr. Bumpas. Although the reasonable draw
identified above may be delayed, the reasonable draw amount allowed
per week shall not be increased during the Plan.

A full-text copy of the Plan Confirmation Order dated May 8, 2023
is available at https://bit.ly/3pzIs3o from PacerMonitor.com at no
charge.

Attorneys for Debtor:

      Brad W. Odell, Esq.
      Mullin Hoard & Brown, LLP
      P.O. Box 2585
      Lubbock, TX 79408-2585
      Telephone: (806) 765-7491
      Facsimile: (806) 765-0553
      Email: bodell@mhba.com

            About A+ Remodeling and Construction

A+ Remodeling and Construction, Inc., is a Texas corporation
company which owns and operates a construction business in and
around Lubbock, Texas. The company's sole shareholder is Jerry
Bumpas.  A+ Remodeling provides construction and remodeling
services to residential and commercial properties. A+ Remodeling
uses subcontractors and other contract labor to perform
construction jobs for its customers.

A+ Remodeling sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 22-50066) on May 9,
2022.  In the petition signed by Jerry Bumpas, president, the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Brad W. Odell, Esq., at Mullin Hoard and Brown, LLP is the Debtor's
counsel.


ADHERA THERAPEUTICS: Grosses $100K From Non-Convertible Note Sale
-----------------------------------------------------------------
Adhera Therapeutics, Inc. entered into a Securities Purchase
Agreement with two accredited investors pursuant to which the
Company issued and sold to the investors a non-convertible Original
Issue Discount Senior Secured Promissory Note in the principal
amount of $142,861.72 and 226,482 Common Stock Purchase Warrants
for total gross proceeds of $100,000.  The proceeds from these
financings were used for working capital purposes.

In connection with the April financing, the Company also agreed to
increase the principal amount of prior Original Issue Discount
Promissory Notes issued to the investors in May 2022 and January
2023 by 30%, from a total of $1,000,000 in principal to $1,250,000
in principal (not including accrued and unpaid interest).  The
Prior Notes rank pro rata with the new Notes with respect to
interest payments.

The terms of the Notes and Warrants are:

The Notes are due on the earlier of (i) the 12 month anniversary of
the issuance date, and (ii) the date on which the Company completes
a public offering for cash of common stock and/or common stock
equivalents which results in the listing of the Company's common
stock on a "national securities exchange" as defined in the
Securities Exchange Act of 1934, provided that unless there is an
event of default, the Company may extend the maturity date by six
months in its discretion.  The Notes bear interest at 8% per annum,
payable monthly, subject to an increase to 15% in case of an event
of default as provided for therein.  Furthermore, at any time
before the 12 month anniversary of the date of issuance of a Note,
the Company may, after providing written notice to the holder,
prepay all of the then outstanding principal amount of the Note for
cash in an amount equal to the sum of 105% of the then outstanding
principal amount of the Note, accrued but unpaid interest and all
liquidated damages and other amounts due in respect of the Note (if
any).

The Notes may, at the discretion of the Company, be converted into
shares of a new class of convertible preferred stock of the Company
on the closing date of the Qualified Financing.  In the event of
the conversion, the holder will receive a number of shares of
Convertible Preferred Stock equal to the quotient obtained by
dividing (i) the unpaid principal amount of this Note (together
with any interest accrued but unpaid thereon) by (ii) the closing
price of the securities issued in the Qualified Financing on the
closing date of the Qualified Financing.  Upon issuance, the
conversion price of the Convertible Preferred Stock will be equal
to the closing price of the securities issued in the Qualified
Financing, subject to adjustment.

The Notes provide for certain customary events of default which
include failure to maintain the required reserve of shares for the
Warrants, a restatement of the financial statements of the Company
resulting in a reduction to the stock price by an enumerated
threshold, and certain other customary events of default, subject
to certain exceptions and limitations.  Upon an event of default,
the Notes will become immediately due and payable at a 125%
premium, which will be reduced to 100% if the event of default
occurs while the Company's common stock is listed on a national
securities exchange.

The Notes contain customary restrictive covenants which apply for
as long as at least 75% of the Notes remain outstanding, including
covenants against incurring new indebtedness or liens, repurchasing
shares of common stock or common stock equivalents, paying
dividends or distributions on equity securities, and transactions
with affiliates, subject to certain exceptions and limitations.  In
addition, the SPA imposes certain additional negative covenants and
obligations on the Company, including a prohibition on filing a
registration statement (other than on Form S-8) unless at least 30%
of the Notes have been repaid as of such filing, a prohibition on
incurring new indebtedness at any time while any Notes are
outstanding, and a 90-day restriction against issuing shares of
common stock or common stock equivalents, subject to certain
exceptions and limitations.

Under the SPA, the Company also granted each investor the right to
participate in future financings that are exempt from registration
under the Securities Act of 1933 in an amount equal to 15% of such
financings, which right has a term equal to the earlier of (i) the
24 month anniversary of the SPA, and (ii) the date the Notes are no
longer outstanding.  The SPA also provides the investors with
most-favored nations treatment, giving them the right to amend
their securities if the Company issues securities with more
favorable terms while the investor's securities are outstanding,
subject to certain exceptions and limitations.

The Warrants are exercisable for a period of five-years and six
months from issuance at an exercise price of $0.82 per share,
subject to certain limitations including beneficial ownership
limitations, and subject to adjustment including downward
adjustment upon a dilutive issuance of securities at a per-share
price that is below the exercise price.  Unless the holder's sale
of shares of common stock issuable upon exercise of the Warrants at
prevailing market prices (not at a fixed price) is registered on an
effective registration statement under the Securities Act, the
Warrants may be exercised cashlessly.

The Company's obligations under the Notes are secured by a lien on
all assets of the Company and its subsidiaries pursuant to Security
Agreements each dated the date of the respective SPA.

The SPA requires a reserve of authorized but unissued shares equal
to four times the number of shares issuable to the investors upon
exercise of the Warrants, subject to reduction as the Warrants are
exercised.

                           About Adhera

Headquartered in Durham, NC, Adhera Therapeutics, Inc. (formerly
known as Marina Biotech, Inc.) -- http://www.adherathera.com-- is
an emerging specialty biotech company that, to the extent that
resources and opportunities become available, is strategically
evaluating its focus including a return to a drug discovery and
development company.

Adhera Therapeutics reported a net loss of $2.11 million in 2022,
compared to a net loss of $6.35 million in 2021.  As of Dec. 31,
2022, the Company had $79,000 in total assets, $22.26 million in
total liabilities, and a total stockholders' deficit of $22.18
million.

Boca Raton, Florida-based Salberg & Company, P.A., the Company's
auditor since 2021, issued a "going concern" qualification in its
report dated March 31, 2023, citing that the Company has no
revenues and has a net loss and net cash used in operations of
approximately $2.1 million and $1.4 million respectively, in 2022
and a working capital deficit, stockholders' deficit and
accumulated deficit of $22.2 million, $22.2 million and $55.8
million respectively, at Dec. 31, 2022.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


AEARO TECHNOLOGIES: Seeks to Extend Plan Exclusivity to June 26
---------------------------------------------------------------
Aearo Technologies LLC and its affiliates ask the U.S. Bankruptcy
Court for the Southern District of Indiana for an order bridging
their exclusive periods to file and to solicit acceptances of a
Chapter 11 plan to June 26, 2023 and August 25, 2023,
respectively.

This relief is consented to by the Debtors, the U.S. Trustee, the
Official Committee of Unsecured Creditors for Tort Claimants —
Related to Use of Combat Arms Version 2 Earplugs (the "CAE
Committee"), the bellwether plaintiffs represented by Quinn
Emanuel Urquhart & Sullivan LLP, Aylstock, Witkin, Kreis &
Overholtz, PLLC, and Seeger Weiss LLP (together with the CAE
Committee, the "CAE Movants"), and the Official Committee of
Unsecured Creditors for Tort Claimants — Related to Use of
Respirators (the "Respirator Committee") as part of a
comprehensive agreement to provide sufficient time to avoid a
contested hearing in advance of the Court's ruling on the Motions
to Dismiss and without prejudice to the CAE Movants' and
Respirator Committee's position that the Motions to Dismiss
should be granted.

The Debtors' current filing exclusivity period expires on May 15,
2023 and the solicitation exclusivity period on July 14, 2023.

Aearo Technologies LLC and its affiliates are represented by:

          Jeffrey A. Hokanson, Esq.
          Alexandria Lundberg, Esq.
          ICE MILLER LLP
          One American Square, Suite 2900
          Indianapolis, IN 46282-0200
          Tel: (317) 236-2100
          Email: Jeff.Hokanson@icemiller.com
                 Alexandria.Lundberg@icemiller.com

            - and -

          Edward O. Sassower, Esq.
          Emily E. Geier, Esq.
          Derek I. Hunter, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022
          Tel: (212) 446-4800
          Email: edward.sassower@kirkland.com
                 emily.geier@kirkland.com
                 derek.hunter@kirkland.com

            - and -

          Chad J. Husnick, Esq.
          Spencer A. Winters, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          300 North LaSalle Street
          Chicago, IL 60654
          Tel: (312) 862-2000
          Email: chad.husnick@kirkland.com
                 spencer.winters@kirkland.com

                   About Aearo Technologies

Aearo Technologies -- https://earglobal.com/en -- is a 3M company
that designs, manufactures, and sells personal protection
equipment. The Company offers prescription and non-prescription
safety eye wear, face shields, hard hats, and respirators.  Aearo
serves customers worldwide.

To address claims related to the Combat Arms Earplugs Version 2,
Aearo Technologies LLC and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Ind. Lead
Case No. 22-02890) on July 26, 2022.  In the petition filed by
John R. Castellano, as authorized signatory, Aearo Technologies
estimated assets and liabilities between $1 billion and $10
billion each.

3M is not a debtor in the Chapter 11 cases.  3M has committed $1
billion to fund a trust allocated for Combat Arms claims.

Kirkland & Ellis LLP is serving as legal counsel and AlixPartners
LLP is serving as restructuring advisor to Aearo Technologies.  
Ice Miller LLP, is serving as bankruptcy co-counsel to the
Debtors.  Kroll is the claims agent.

PJT Partners is serving as financial advisor and White & Case LLP
is serving as legal counsel to 3M.


AGWAY FARM: Seeks to Extend Plan Exclusivity to June 2
------------------------------------------------------
Agway Farm & Home Supply, LLC asks the U.S. Bankruptcy Court for
the District of Delaware to further extend the exclusive periods
during which it may file a plan and disclosure statement and
solicit acceptances thereof to June 2, 2023 and July 30, 2023,
respectively.

The Debtor explained that it is working collectively with the
official committee of unsecured creditors on a joint consensual
liquidating plan and also on the procedures for solicitation and
balloting.  The Debtor expects the final terms of the joint plan
will be resolved very soon and the joint plan will be filed
thereafter.

The Debtor's current exclusive filing period expires on May 3,
2023, while the exclusive solicitation period expires on June 30,
2023.

Agway Farm & Home Supply, LLC is represented by:

          Jeffrey R. Waxman, Esq.
          Brya M. Keilson, Esq.
          MORRIS JAMES LLP
          500 Delaware Avenue, Suite 1500
          Wilmington, DE 19801
          Tel: (302) 888-6800
          Email: jwaxman@morrisjames.com
                 bkeilson@morrisjames.com

            - and -

          Alan J. Friedman, Esq.
          Melissa Davis Lowe, Esq.
          Max Casal, Esq.
          SHULMAN BASTIAN FRIEDMAN & BUI LLP
          100 Spectrum Center Drive, Suite 600
          Irvine, CA 92618
          Tel: (949) 340-3400
          Email: afriedman@shulmanbastian.com
                 mlowe@shulmanbastian.com
                 mcasal@shulmanbastian.com

                  About Agway Farm & Home Supply

Agway Farm & Home Supply LLC -- https://www.agway.com/ -- is a
one-stop shop for lawn, garden, bird, pet and farm products. It
is based in Richmond, Va.

Agway Farm & Home Supply sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Case No. 22-10602) on
July 6, 2022, listing $10 million to $50 million in both assets
and liabilities. Jay Quickel, president and chief executive
officer of Agway Farm & Home Supply, signed the petition.

Judge J. Kate Stickles oversees the case.

The Debtor tapped Shulman Bastian Friedman & Bui, LLP as lead
bankruptcy counsel; Morris James, LLP as local Delaware counsel;
Wilson Elser Moskowitz Edelman & Dicker LLP as special litigation
counsel; and Focus Management Group USA, Inc. as financial
advisor. Stretto, Inc. is the claims and noticing agent and
administrative advisor.

The official committee of unsecured creditors appointed in the
case selected Pachulski Stang Ziehl & Jones as legal counsel;
FTI Consulting, Inc. as financial advisor; and Hilco IP Services,
LLC as intellectual property marketing agent.


AIR METHODS: $1.25B Bank Debt Trades at 46% Discount
----------------------------------------------------
Participations in a syndicated loan under which Air Methods Corp is
a borrower were trading in the secondary market around 54.3
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.25 billion facility is a Term loan that is scheduled to
mature on April 21, 2024.  About $1.18 billion of the loan is
withdrawn and outstanding.

Air Methods Corporation provides ambulance services. The Company
offers emergency medical services by air transport.



AJM MANAGEMENT: Case Summary & 15 Unsecured Creditors
-----------------------------------------------------
Debtor: AJM Management, LLC
        2623 Foster Ave
        Basement
        Brooklyn, NY 11210

Business Description: AJM Management is the fee simple owner of
                      real property located at 405 Rockaway
                      Parkway, Brooklyn, New York valued at $3.9
                      million.

Chapter 11 Petition Date: May 12, 2023

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 23-41664

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: Avrum J. Rosen, Esq.
                  LAW OFFICES OF AVRUM J. ROSEN, PLLC
                  38 New St
                  Huntington, NY 11743-3327
                  Tel: 631-423-8527
                  Fax: 631-423-4536
                  Email: arosen@ajrlawny.com

Total Assets: $4,117,194

Total Liabilities: $2,262,346

The petition was signed by Ray Jones as managing director.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 15 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/LFLPD5A/AJM_Management_LLC__nyebke-23-41664__0001.0.pdf?mcid=tGE4TAMA


AKORN OPERATING: $370M Bank Debt Trades at 70% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Akorn Operating Co
LLC is a borrower were trading in the secondary market around 29.6
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $370 million facility is a payment-in-kind Term loan that is
scheduled to mature on October 1, 2025.  The amount is fully drawn
and outstanding.

Akorn Operating Company LLC operates as a pharmaceutical company.
The Company develops and manufactures generic and prescription
drugs, sterile and non-sterile dosage forms, injectable, oral
liquids, inhalants, and nasal sprays, as well as consumer and
animal health products. Akorn Operating serves patients and
healthcare professionals in the United States.



ALCARAZ CATERING: Court OKs Deal on Cash Collateral Access
----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized Alcaraz Catering, Inc. to use cash collateral on a final
basis as set forth in the prior orders approving the Cash
Collateral Stipulation.

The Debtor is permitted to use cash collateral to pay ordinary and
necessary expenses to operate the Debtor's business.

As previously reported by the Troubled Company Reporter, the Debtor
entered into cash collateral stipulations with the U.S. Small
Business Administration and Prime Alliance Bank.

The Debtor agree to timely pay the SBA and Prime their respective
adequate protection payments.

The SBA and Prime are granted replacement liens in the Debtor's
assets, save for any Chapter 5 causes of action, for the use of
cash collateral to the same extent, validity and priority as their
respective pre-petition liens. The replacement liens are deemed
duly perfected and recorded under all applicable laws without the
needs for any notices or filings.

A copy of the order is available at https://bit.ly/3VSIhvR from
PacerMonitor.com.

                     About Alcaraz Catering

Alcaraz Catering Inc. is a catering company.  Alcaraz Catering
filed a petition for relief under Subchapter V of Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 22-10622) on August 13,
2022. In the petition filed by Antonio Alcaraz, as president, the
Debtor reported assets and liabilities between $1 million and $10
million each.

Susan K. Seflin has been appointed as Subchapter V trustee.

Judge Ronald A. Clifford III oversees the case.

The Law Offices of Kenneth H.J. Henjum is the Debtor's counsel.



AMERICAN HVAC: Court OKs Cash Collateral Access Thru June 7
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of California,
San Jose Division, authorized American HVAC and Plumbing, Inc. to
use cash collateral on an interim basis in accordance with the
budget, through June 7, 2023.

The Debtor requires the use of cash collateral to pay its employees
for pre-petition earned but unpaid wages in the ordinary course of
business.

Lennox Industries, Inc., Comerica Bank, and the US Small Business
Administration assert an interest in the cash collateral.

As adequate protection, Comerica Bank and SBA will have a
replacement lien in post-petition receivables and inventory.
Further Lennox Industries will have a replacement lien in
post-petition inventory. These creditors will have the same
priority in such replacement lien as these creditors had
pre-petition.

A final hearing on the matter is set for June 6 at 2 p.m.

A copy of the order is available at https://bit.ly/3nMKBIe from
PacerMonitor.com.

             About American HVAC and Plumbing, Inc.

American HVAC and Plumbing, Inc. is an HVAC contractor in Campbell,
California. The Debtor sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. N.D. Cal. Case No. 23-50461) on April
28. 2023. In the petition signed by Cuinn F. Hamm, president, the
Debtor disclosed $115,224 in assets and $2,221,984 in liabilities.

Judge Stephen L. Johnson oversees the case.

Lars Fuller, Esq., at the Fuller Law Firm, PC, represents the
Debtor as legal counsel.



AMERICAN VIRTUAL: Seeks to Extend Plan Exclusivity to August 8
--------------------------------------------------------------
American Virtual Cloud Technologies, Inc., and its affiliates ask
the U.S. Bankruptcy Court for the District of Delaware to extend
their exclusive period to file a Chapter 11 plan and to solicit
acceptances thereto to August 8, 2023 and October 9, 2023,
respectively.

The initial exclusive filing period ends on May 11, 2023, while
the initial exclusive solicitation period ends on July 10, 2023.

The Debtors explained that they need sufficient time to complete
solicitation and confirmation of the Plan.  The Debtors stated
that a Plan has been filed, following extensive discussions with
the official committe of unsecured creditors on the form thereof,
and an order obtained from the Court conditionally approving the
Plan for solicitation purposes only.  The Debtors further stated
that they have also mailed solicitation packages and ballots to
parties entitled to vote on the Plan.  The voting deadline is May
15, 2023, and the Court has scheduled a hearing to consider
confirmation of the Plan for May 24, 2023.

The Debtors pointed out that allowing the expiration of the
exclusive periods at this critical stage - in the middle of
solicitation and weeks before the scheduled confirmation hearing
– would serve only to interfere with the progress of the Chapter

11 cases and introduce chaos into the process.

American Virtual Cloud Technologies, Inc., and its affiliates are
represented by:

          Patrick J. Reilley, Esq.
          Stacy L. Newman, Esq.
          Jack M. Dougherty, Esq.
          Michael E. Fitzpatrick, Esq.
          COLE SCHOTZ P.C.
          500 Delaware Avenue, Suite 1410
          Wilmington, DE 19801
          Tel: (302) 652-3131
          Email: preilley@coleschotz.com
                 snewman@coleschotz.com
                 jdougherty@coleschotz.com
                 mfitzpatrick@coleschotz.com

            - and -

          Michael D. Sirota, Esq.
          David M. Bass, Esq.
          Conor D. McMullan, Esq.
          COLE SCHOTZ P.C.
          Court Plaza North
          25 Main Street
          Hackensack, NJ 07601
          Tel: 201-489-3000
          Email: msirota@coleschotz.com
                 dbass@coleschotz.com
                 cmcmullan@coleschotz.com

              About American Virtual Cloud Technologies

American Virtual Cloud Technologies, Inc., and its affiliates
offer cloud-based business communication services to customers
looking to transition business-critical services, phone services
and other business applications to the cloud. Its "Kandy" product
is one of the largest pure-play providers of unified
communications as a service (UCaaS), communications platform as a
service (CPaaS), and Microsoft Teams Direct Routing as a Service
(DRaaS) for blue-chip enterprise customers such as AT&T,
IBM/Kyndryl, and Etisalat.

American Virtual Cloud Technologies and affiliates
AVCtechnologies USA, Inc. and Kandy Communications, LLC sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 23-10020) on
Jan. 11, 2023. The Debtors disclosed $31,122,000 in total assets
and $13,641,000 in total debt as of Sept. 30, 2022.

Judge Mary F. Walrath oversees the cases.

The Debtors tapped Cole Schotz P.C. as legal counsel; SOLIC
Capital Advisors, LLC and SOLIC Capital, LLC as financial
advisors; and Northland Securities as investment banker. Kroll
Restructuring Administration, LLC is the claims and noticing
agent and administrative advisor.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtors' cases.
Saul Ewing, LLP and Dundon Advisers, LLC serve as the committee's
legal counsel and financial advisor, respectively.


AMERICORE HOLDINGS: June 20 Disclosure Statement Hearing Set
------------------------------------------------------------
Judge Gregory R. Schaaf has entered an order within which June 20,
2023 at 9:00 a.m. at the U.S. Bankruptcy Court for the Eastern
District of Kentucky, 100 East Vine Street, 2nd Floor Courtroom,
Lexington, Kentucky 40507 is the hearing to consider the approval
of the disclosure statement filed by Carol Fox, Chapter 11 Trustee,
for Americore Holdings, LLC and Affiliated Debtors.

Judge Schaaf further ordered that June 13, 2023 is fixed as the
last day for filing and serving written objections to the
disclosure statement.

A copy of the order dated May 8, 2023 is available at
https://bit.ly/3px4fIR from PacerMonitor.com at no charge.

Counsel to the Chapter 11 Trustee:

     Elizabeth A. Green, Esq.
     Jimmy D. Parrish, Esq.
     BAKER & HOSTETLER LLP
     SunTrust Center, 200 South Orange Avenue, Suite 2300
     Orlando, FL 32802-0112
     Telephone: (407) 649-4000
     Facsimile: (407) 841-0168
     E-mail: egreen@bakerlaw.com
             jparrish@bakerlaw.com

                    About Americore Holdings

Americore Holdings, LLC and its affiliates, including Americore
Health LLC, own and operate the Ellwood City Medical Center in
Pennsylvania, Southeastern Kentucky Medical Center (formerly
Pineville Community Hospital), Izard County Medical Center in
Arkansas; and St. Alexius Hospital in St. Louis.

Americore Holdings and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Ky. Lead Case
No.19-61608) on Dec. 31, 2019, listing as much as $50,000 in both
assets and liabilities.  Judge Gregory R. Schaaf oversees the
case.

Bingham Greenebaum Doll, LLP and Rose Grasch Camenisch Mains, PLLC
serve as the Debtors' bankruptcy counsel and special counsel,
respectively.

Carol A. Fox was appointed as the Debtors' Chapter 11 trustee. The
trustee is represented by Baker & Hostetler LLP.

Suzanne Koeing was appointed as the Debtor's patient care
ombudsman. The PCO is represented by Saul Ewing Arnstein & Lehr
LLP.


ANCHOR GLASS: $67M Bank Debt Trades at 64% Discount
---------------------------------------------------
Participations in a syndicated loan under which Anchor Glass
Container Corp is a borrower were trading in the secondary market
around 36.1 cents-on-the-dollar during the week ended Friday, May
12, 2023, according to Bloomberg's Evaluated Pricing service data.


The $67 million facility is a Term loan that is scheduled to mature
on December 7, 2024.  The amount is fully drawn and outstanding.

Anchor Glass Container Corporation manufactures containers. The
Company produces glass containers for the food, beverage, beer,
liquor, and consumer product industries.



APEX SIERRA: Lender Says It's Owed $200K, Opposes Plan
------------------------------------------------------
Wilmington Trust National Association, as Trustee for the
registered holders of Bancorp Commercial Mortgage 2019-CRE6 Trust,
Commercial Mortgage Pass-Through Certificates ("Lender"), objects
to final approval of Disclosure Statement and confirmation of Plan
of Reorganization of Apex Sierra Hermosa TX, LLC.

Debtor's Plan breaks the claims into five categories of creditors,
including (i) Class 1 (allowed administrative claims of
professionals and UST), (ii) Class 2 (allowed priority tax claims),
(iii) Class 3 (secured claims of Mundo Floor Carpet and Cleaning,
LLC, Ferris Roofing Contractors Inc. and Daniels' Landscaping and
Mowing), (iv) Class 4 (unsecured creditors), (v) Class 5 (current
partners).

Notably, however, neither Lender's Plan nor Lender's Disclosure
Statement mentions Lender’s claim, Lender's rights, or the fact
that Lender is still owed well over $200,000 for its fees and
expenses incurred related to enforcement of its Loan, which Debtor
must compensate Lender for pursuant to the Loan Documents.

Lender points out that the Debtor's failure to include Lender's
claim and interests in its Disclosure Statement amounts to a
complete failure to supply adequate information, not only to the
Lender but to all creditors.

Specifically, the Disclosure Statement does not mention Lender's
secured claim, nor does it inform Lender what it is going to get,
when it is going to get it, and what contingencies there are to
getting paid what it is owed. For this reason, among others, the
Disclosure Statement is fatally flawed and cannot be approved on a
final basis.

Lender claims that like the Disclosure Statement, Debtor's Plan
does not mention Lender's claim or its rights, which are clearly
set forth in the Sale Order. Although Lender was never provided
with a ballot, and was therefore unable to vote on the Plan, Lender
rejects Debtor's Plan because Debtor has failed to satisfy the
elements required to confirm a plan under the Bankruptcy Code.

Lender asserts that the Debtor's Plan doesn't mention Lender's
claim, including its contractual right to be paid for its fees and
costs pursuant to Section 506(b), so it is unclear how Debtor
intends to classify Lender's claim. Because Lender was never
provided with a ballot and unable to vote on the Plan, even if
Debtor had included Lender's claim and classified it as unimpaired
under the Plan (which it did not do), it would still have to show
that its Plan leaves Lender's rights unaltered.  

A full-text copy of Lender's objection dated May 8, 2023 is
available at https://bit.ly/3o0BAeI from PacerMonitor.com at no
charge.

Counsel for the Lender:

     John D. Penn
     PERKINS COIE LLP
     500 N. Akard Street, Suite 3300
     Dallas, Texas 75201
     Phone: (214) 965-7700
     Fax: (214) 965-7799
     Email: jpenn@perkinscoie.com

                 About Apex Sierra Hermosa TX

Fort Worth, Texas-based Apex Sierra Hermosa TX, LP is a Texas
Limited Partnership which owned as its only asset an apartment
complex in Ft. Worth, Texas ("Property"). The Debtor sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
N.D. Tex. Case No. 22-42638) on Nov. 1, 2022, with up to $50
million in assets and up to $10 million in liabilities.  Aron
Puretz, representative of the Debtor's general partner, signed the
petition.

Judge Mark Mullin oversees the case.

Eric A. Liepins, Esq., is the Debtor's legal counsel.


ARMATA PHARMACEUTICALS: Appoints New Chief Financial Officer
------------------------------------------------------------
In connection with the planned closure of Armata Pharmaceuticals,
Inc.'s CA office, the Company terminated the employment of Erin
Butler, vice president, Finance and Administration (and principal
financial officer and principal accounting officer) of the Company,
effective as of close of business on May 1, 2023.

On May 4, 2023, the Company's Board of Directors appointed Julianne
Averill to serve, effective as of May 2, 2023, as chief financial
officer of the Company and in such capacity, also serve as
principal financial officer and principal accounting officer of the
Company.

Ms. Averill, age 38, has served as a senior director of Danforth
Advisors, LLC since August 2021.  Ms. Averill has over 20 years of
finance & corporate development leadership experience, providing
CFO advisory services and supporting life science organizations
with capital raise initiatives, investor relations, and corporate
strategy.  Prior to Danforth, Ms. Averill held several CFO and
other operational executive roles of increasing responsibility at
leading public and private companies operating at the intersection
of technology and science, including serving as CFO for Alveo
Technologies from July 2020 to August 2021; VP Finance & Executive
Committee Member for BlackThorn Therapeutics from January 2019 to
July 2020; Associate VP, Finance & Accounting, for Manifest MedEx
from May 2015 to January 2019, and Director of Financial Reporting
for Starwood Waypoint Residential Trust from July 2014 to May 2015.
Ms. Averill spent her early career at Deloitte as an audit manager
in its life sciences and retail practice.

Ms. Averill is licensed as an active Certified Public Accountant in
the State of California and is a Society of Human Resource
Management Certified Professional.  She holds a BS in Business
Administration and an MS in Accountancy, both from California State
University, Fresno, and has received a certificate in Business and
Data Analytics from Harvard University.

Ms. Averill provides consulting services to the Company pursuant to
a consulting agreement between the Company and Danforth and
receives no compensation directly from the Company.  The Company
will pay Danforth an agreed upon hourly rate of $395 for Ms.
Averill's services, which is subject to monthly review and annual
increase, and will reimburse Danforth for reasonable, out-of-pocket
business expenses.  The consulting agreement may be terminated by
the Company or Danforth with cause, upon 30 days' written notice,
and without cause upon 60 days' written notice.

                     About Armata Pharmaceuticals

Marina del Rey, CA-based Armata is a clinical-stage biotechnology
company focused on the development of pathogen-specific
bacteriophage therapeutics for the treatment of
antibiotic-resistant and difficult-to-treat bacterial infections
using its proprietary bacteriophage-based technology.  Armata is
developing and advancing a broad pipeline of natural and synthetic
phage candidates, including clinical candidates for Pseudomonas
aeruginosa, Staphylococcus aureus, and other pathogens.  Armata is
committed to advancing phage with drug development expertise that
spans bench to clinic including in-house phage specific GMP
manufacturing.

Armata reported a net loss of $36.92 million in 2022, compared to a
net loss of $23.16 million in 2021.  As of Dec. 31, 2022, the
Company had $95.83 million in total assets, $59.75 million in total
liabilities, and $36.08 million in total stockholders' equity.

San Diego, California-based Ernst & Young LLP, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated March 16, 2023, citing that the Company has suffered
recurring losses and negative cash flows from operations and has
stated that substantial doubt exists about the Company's ability to
continue as a going concern.


ASLM GAS: Bid to Use Cash Collateral Denied
-------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division, has denied the motion to use cash collateral
filed by ASLM Gas Inc. without prejudice based on the arguments
presented at the hearing held on May 3, 2023.

As previously reported by the Troubled Company Reporter, the Debtor
sought to use cash collateral to pay the reasonable expenses it
incurs during the ordinary course of its business.

The Debtor has three related entities, also in Subchapter V
bankruptcy before the Court: (1) ASLM Investments, Inc.; (2) CA
Techies, Inc.; and (3) Highland Cargo Inc. ASLM Investments is the
landlord of the Debtor, and to the extent there was any prepetition
rent owed the Debtor (Tenant) to ASLM Investments (Landlord), ASLM
Investments has waived any prepetition rent. The Debtor, ASLM
Investments, CA Techies, and Highland have several mutual
creditors, most notably Diamond Stone Capital.

The Debtor estimates the value of its assets to be $365,400. The
Debtor estimates the value of its liabilities to be $4.117 million
in secured claims and $560,000 in unsecured claims.

The COVID-19 pandemic, and subsequent inflation and rising gasoline
prices, had a significant negative impact on the Debtor's business.
In an effort to keep its doors open, the Debtor took out several
loans, which the Debtor is now unable to pay back. Due to the
accumulating debts from weekly payments owed to lenders. The
Debtor's operational expenses, and debts owed to the secured
creditor, the Debtor was unable to meet its debt service
obligations.

The Debtor's secured creditor is Open Bank, which holds a $4.117
million claim secured by a UCC Financing Statement dated December
27, 2021. Based on the estimated value of the Debtor's assets of
$420,700, Open Bank's claim is secured up to the value of the
assets.

A copy of the order is available at https://bit.ly/42pKEbZ from
PacerMonitor.com.

                        About ASLM Gas Inc.

ASLM Gas, Inc. filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-11779) on March
24, 2023, with up to $10 million in both assets and liabilities.
Gregory Kent Jones has been appointed as Subchapter V trustee.

Judge Julia W. Brand oversees the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
is the Debtor's legal counsel.


ASP BLADE: $850M Bank Debt Trades at 15% Discount
-------------------------------------------------
Participations in a syndicated loan under which ASP Blade Holdings
Inc is a borrower were trading in the secondary market around 84.6
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $850 million facility is a Term loan that is scheduled to
mature on October 15, 2028.  The amount is fully drawn and
outstanding.

ASP Blade Holdings, Inc. operates as Oregon Tool, Inc. and formerly
known as Blount International, Inc.  Oregon Tool, Inc.,
headquartered in Portland, Oregon, is a global manufacturer and
distributor of professional-grade, consumable parts and attachments
for use in forestry, agriculture, lawn and garden and other cutting
applications. Platinum Equity, through its affiliates, is the owner
of Oregon Tool.



ASP LS ACQUISITION: $1.38B Bank Debt Trades at 17% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which ASP LS Acquisition
Corp is a borrower were trading in the secondary market around 82.9
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.38 billion facility is a Term loan that is scheduled to
mature on May 7, 2028.  The amount is fully drawn and outstanding.

ASP LS Acquisition Corp. was formed to effectuate the acquisition
of Laser Ship, Inc. by the private equity firm American Securities
LLC.



ATLAS PURCHASER: $250M Bank Debt Trades at 38% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Atlas Purchaser Inc
is a borrower were trading in the secondary market around 62.5
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $250 million facility is a Term loan that is scheduled to
mature on May 18, 2029.  The amount is fully drawn and
outstanding.

Atlas Purchaser, Inc., which does business as Alvaria, Inc.,
acquired the assets of Aspect Software in a leveraged buyout in
2021. Aspect is a provider of call center software and solutions.



AUBSP OWNERCO: Seeks to Extend Plan Exclusivity to July 2
---------------------------------------------------------
AUBSP Ownerco 8, LLC, and AUBSP Ownerco 9, LLC ask the U.S.
Bankruptcy Court for the Southern District of Florida to extend
the periods during which they have the exclusive right to file
Chapter 11 plans and solicit acceptances thereof to July 2, 2023.

This is the Debtors' third motion to extend exclusivity.  Unless
extended further, the Debtors' exclusivity period expires May 3,
2023.

The Debtors state that "Since the Court held a hearing on the
last extension of exclusivity, on April 11, 2023, Debtors have
faced a need to address several pleadings from the Katz Parties,
including a motion to reconsider the order denying dismissal, a
motion to disregard a recently removed lawsuit, a motion to
abstain in that same lawsuit, and the impact of a stay violation
by the Katz Parties filing of a new lawsuit to recover assets of
this estate."

The Debtors explained that these pending matters, the Court's
recent ruling on the motion to dismiss that suggests some type of
abatement is appropriate, and the Court's recent comments at a
hearing on April 18, 2023, demonstrate that the filing of a plan
by the current deadline would be imprudent and premature.

AUBSP Ownerco 8, LLC and AUBSP Ownerco 9, LLC are represented by:

          Thomas M. Messana, Esq.
          Scott A. Underwood, Esq.
          Megan W. Murray, Esq.
          Adam Gilbert, Esq.
          UNDERWOOD MURRAY, P.A.
          100 N. Tampa St., Suite 2325
          Tampa, FL 33602
          Tel: (813) 540-8401
          Email: tmessana@underwoodmurray.com
                 sunderwood@underwoodmurray.com
                 mmurray@underwoodmurray.com
                 agilbert@underwoodmurray.com

                        About AUBSP Ownerco

AUBSP Ownerco 8, LLC, formerly known as RA2 Boise-Fairview, LLC,
and AUBSP Ownerco 9, LLC, formerly known as RA2 Boise-Overland,
LLC, filed petitions for Chapter 11 protection (Bankr. S.D. Fla.
Lead Case No. 22-18613) on Nov. 4, 2022. In the petitions signed
by Richard Sabella, authorized agent, the Debtors disclosed up to
$10 million in both assets and liabilities.

The Debtors tapped Thomas M. Messana, Esq., at Underwood Murray,
P.A. as bankruptcy counsel; and Stoel Rives, LLP and Cross &
Simon, LLC as special counsels.


AVEANNA HEALTHCARE: $200M Bank Debt Trades at 16% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Aveanna Healthcare
LLC is a borrower were trading in the secondary market around 84.4
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $200 million facility is a Delay-Draw Term loan that is
scheduled to mature on July 15, 2028.  About $59.7 million of the
loan is withdrawn and outstanding.

Aveanna Healthcare LLC provides health care services. The Company
offers pediatric skilled nursing, therapy, autism, enteral
nutrition, and adult services.



AVENIR MEMORY: Court OKs Cash Collateral Access Thru June 30
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona authorized
Avenir Memory Care @ Knoxville LP to use cash collateral on an
interim basis in accordance with its agreement with Merchants Bank
of Indiana.

The Debtor is permitted to use cash collateral pursuant to the
budget, with a 10% variance, however, the Debtor is not authorized
to pay certain professional fees and management fees.

The Debtor is authorized and directed to make adequate protection
payments in the amount of $25,000 each to Merchants Bank on or
before May 5 and June 5, 2023.

As additional adequate protection of its interests in cash
collateral, the Bank will have a replacement lien (with the same
validity, extent and priority as its pre-petition lien) in
post-petition cash collateral to the extent that its interests in
the prepetition cash collateral are diminished.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3LMZSAR from PacerMonitor.com.

The Debtor projects total operating expenses, on a monthly basis,
as follows:

     $267,451 for April 2023;
     $275,653 for May 2023; and
     $271,528 for June 2023.

              About Avenir Memory Care @ Knoxville LP

Avenir Memory Care @ Knoxville, LP operates a nursing care facility
in Scottsdale, Ariz.

Avenir Memory Care @ Knoxville filed its voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz.
Case No. 23-02047) on March 31, 2023, with $10 million to $50
million in both assets and liabilities. David L. Craik, president
and director of the General and Limited Partners, signed the
petition.

Judge Brenda Moody Whinery oversees the case.

Philip R. Rudd, Esq., at Sacks Tierney, P.A. represents the Debtor
as counsel.


BAUSCH HEALTH: $2.5B Bank Debt Trades at 21% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Bausch Health
Americas Inc is a borrower were trading in the secondary market
around 78.8 cents-on-the-dollar during the week ended Friday, May
12, 2023, according to Bloomberg's Evaluated Pricing service data.


The $2.50 billion facility is a Term loan that is scheduled to
mature on February 1, 2027.  About $2.41 billion of the loan is
withdrawn and outstanding.

Bausch Health Americas, Inc. operates as a pharmaceutical company.
The Company discovers, develops, manufactures, and markets a range
of pharmaceutical products in the areas of infectious disease,
neurology, and dermatology. Bausch Health serves customers
worldwide.



BELTWAY PLAZA: Seeks Cash Collateral Access Thru June 30
--------------------------------------------------------
Beltway Plaza Investment, LLC asks the U.S. Bankruptcy Court for
the District of Maryland, Greenbelt Division, for authority to use
cash collateral and provide adequate protection in accordance with
its agreement with Freedom Bank of Virginia.

The Debtor requires the use of cash collateral to operate its
commercial office building located at 4710 Auth Place, Suitland,
Maryland.

The Debtor is currently indebted to Freedom Bank of Virginia under
a $5.705 million commercial term loan. As of the Petition Date, the
outstanding obligations total $6.248 million.

The Lender has agreed to permit the Debtor to use cash collateral
pursuant to the terms, conditions and limitations of the Consent
Order during the period from April 30, 2023 to 5 p.m. on June 30,
2023, to pay the specific expenses set forth in the budget.

In consideration for permitting the Debtor to use the Lender's cash
collateral until 5 p.m. on June 30, 2023, as set forth in the
Budget, the Debtor has agreed to grant the Lender adequate
protection liens as set forth in the Consent Order and to provide
the Lender with additional adequate protection as set forth in the
Consent Order. The Debtor will not make any adequate protection
payments to the Lender pursuant to the Consent Order.

A copy of the motion is available at https://bit.ly/3LKPxFA from
PacerMonitor.com.

A copy of the proposed order and budget is available at
https://bit.ly/42elQ6R from PacerMonitor.com.

The Debtor projects total expenses, on a monthly basis, as
follows:

     $41,413 for May 2023; and
     $45,367 for June 2023.

                About Beltway Plaza Investment, LLC

Beltway Plaza Investment, LLC is the owner of an eight story 65,010
sq. ft. commercial office building located at 4710 Auth Place,
Suite 140, Suitland, Maryland 20746. Beltway Plaza Investment has
approximately 20 commercial tenants and is incorporated in the
state of Maryland, but its charter is currently forfeited for
failure to file personal property returns. Efforts to reinstate its
charter are in process.

Beltway Plaza Investment sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Md. Case No. 23-11094) on February
20, 2023. In the petition signed by Ho Chong Suh, authorized
member, the Debtor disclosed up to $50 million in assets and up to
$10 million in liabilities.

Judge Lori S. Simpson oversees the case.

Craig M. Palik, Esq., at McNamee Hosea, P.A., represents the Debtor
as legal counsel.



BIGHORN RESTAURANTS: Court OKs Cash Collateral Access Thru May 31
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado authorized
Bighorn Restaurants, LLC and affiliates to use cash collateral on
an interim basis, in accordance with the budget.

The Debtors require the use of cash collateral to continue
operating as a going concern.

Cadence Bank, formerly known as Cadence Bank, N.A., has an interest
in the cash collateral.

Prior to the Petition Date, the MS Facilities LLC made a $21.5
million loan as evidenced by the Term Loan Note dated December 9,
2020, in the original principal amount of $21.5 million. In
connection therewith, the Debtors and the Lender entered into a
Loan and Security Agreement, dated December 9, 2020, as amended by
the Forbearance and Amendment to Loan Agreement dated March 3,
2023.

The Debtors' Secured Obligations were in default as of the Petition
Date. As of the Petition Date, the Secured Obligations owed to the
Lender in the amount of $22.4 million as of the Petition Date,
consisting of principal in the amount of $22.121 million and unpaid
accrued interest in the amount of $206,717, plus attorneys' fees
and expenses existing immediately prior to the Petition Date.

The Debtors' ability to use cash collateral will terminate on the
earlier of: (i) May 31, 2023 at 5 p.m. (MT), (ii) the occurrence of
a Termination Event, and (iii) entry of a final or additional
interim order regarding cash collateral.

As adequate protection, the Agent, on behalf of itself and for the
benefit of the Lender, is granted a continuing replacement security
interest in, and lien, junior only to the Carve Out. The
Replacement Liens will have the same priority, validity, force,
extent, and effect as the liens that they replace, effective as of
the Petition Date without the necessity of Agent taking any further
action, upon the right, title and interest in the following
property of the Debtors: (a) all Prepetition Collateral of Agent
and/or Lender, including all proceeds, profits, rents, and products
thereof; and (b) property acquired by the Debtors after the
Petition Date, which is of the same nature, kind, and character as
the Prepetition Collateral, and all proceeds, profits, rents, and
products thereof.

The Replacement Liens will be be deemed automatically valid and
perfected with such priority as provided in the Interim Order,
without any further notice or act by any party that may otherwise
be required under any other law.

As additional adequate protection, the Agent and the Lender's claim
in the Chapter 11 Case will have priority under 11 U.S.C. section
507(b) to the extent, if any, that the adequate protection for the
Debtor's use of the Prepetition Collateral and cash collateral
provided proves to be inadequate.

The events that constitute a "Termination Event" include:

     a. Failure of the Debtors to abide by the terms, covenants,
and conditions of the   Interim Order or the Budget;

     b. An application is filed by Debtors for the approval of (or
an order is entered by the Court approving) any claim arising under
11 U.S.C. Section 507(b) or otherwise, or any lien in the Chapter
11 Case, which is pari passu with or senior to the Prepetition
Obligations or the adequate protection liens granted, unless
consented to in writing by Agent; and

     c. The commencement or support of any action by Debtors or any
other authorized person against Cadence (in its capacity as Agent
and/or Lender) and/or against MS Facilities LLC to subordinate or
avoid any liens made in connection with the Prepetition Loan
Documents or to avoid any obligations incurred in connection
therewith.

A final hearing on the matter is set for May 23 at 1:30 p.m.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3NX4SWn from PacerMonitor.com.

The Debtor projects total operating disbursements, on a weekly
basis, as follows:

     $2,845 for the week ending May 15, 2023;
     $2,845 for the week ending May 22, 2023;
     $2,845 for the week ending May 29, 2023; and
     $2,845 for the week ending June 5, 2023.

                 About Bighorn Restaurants, LLC

Bighorn Restaurants, LLC and affiliates constitute one of the
largest current franchisees of Hardee's restaurants. Bighorn and
its affiliates formerly operated over 145 Hardee's restaurants,
recently closed 39 restaurants, and currently operate 108
restaurants. The Restaurants span the states of Alabama, Florida,
Georgia, South Carolina, Kansas, Missouri, Wyoming, and Montana.
The Restaurants are operated by Empire, Heartland, Bighorn, and
Atlantic Star.

Bighorn Restaurants and its affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Colo. Case No.
23-11919) on May 4, 2023. In the petition signed by Dewey R. Brown,
CEO, the Debtor disclosed up to $10 million in assets and up to $50
million in liabilities.

Judge Michael E. Romero oversees the case.

The Debtors tapped Markus Williams Young and Hunsicker as legal
counsel, Brookwood Associates, LL as investment banker,
MorrisAnderson and Associates, Ltd. as financial advisor, and BMC
Group, Inc. as noticing agent.

Cadence Bank, as lender, is represented by:

     Frank W. DeBorde, Esq.
     Lisa Wolgast, Esq.
     Morris, Manning & Martin, LLP
     1600 Atlanta Financial Center, 3343
     Peachtree Road NE
     Atlanta, GA 30326
     Email: fwd@mmmlaw.com
            lwolgast@mmmlaw.com



BLINK CHARGING: Brendan Jones Named President and CEO
-----------------------------------------------------
The Board of Directors of Blink Charging Co. announced that Brendan
S. Jones has been promoted to the role of chief executive officer
and president of Blink Charging.  Michael D. Farkas will continue
to serve on the Board.  Mr. Jones joined Blink in April 2020 as the
Company's chief operating officer and has been serving as its
President since 2021, where he has successfully positioned the
organization for future expansion.

Under the leadership and thoughtful direction of Mr. Farkas and Mr.
Jones, Blink has restructured its sales and operations, building
greater efficiencies while focusing on growing the team to meet the
demand for a robust EV charging infrastructure around the world.
During Mr. Jones's tenure as COO and president, the Company has
grown from 42 employees to over 625, with plans to continue growing
as EV adoption and infrastructure demand accelerate.  Mr. Jones has
successfully launched the Company in new global markets and Blink
now boasts operations in 27 countries, with offices and facilities
in the United States, England, Netherlands, Belgium, Israel, and
India.

Mr. Farkas, the founder of Blink Charging, served as its chief
executive officer and executive chairman and in other executive
management positions since 2009.

Mr. Jones stated, "I'm proud of the incredible team at Blink and
all that we have been able to accomplish for our customers, hosts
and clients, as well as for our shareholders and employees.  As we
look at where the industry was and where it is headed, we are all
excited at the opportunity that lies ahead and extremely optimistic
that we have the right team in place, building on our successes, to
not only be a player in the energy transition, but to lead it on
the strength of our innovation, experience, and continued
leadership development."

Mr. Jones continued, "We want to provide our sincere thanks to
Blink's founder, Michael Farkas for his vision in building Blink to
be the company it is today.  Much has been accomplished under
Michael's leadership and we are deeply grateful for his role.  We
wish him nothing but success.  As we implement our forward moving
strategy, we are well positioned to continue and accelerate our
growth and significant role in advancing e-mobility globally,
bringing electrification to more markets and more communities than
ever before.  I take on this role with great confidence in our
dedicated and passionate people around the world to build the
future of our company."

Brendan Jones joined Blink in April 2020, following his role as COO
of Electrify America, LLC, where he was the very first employee and
built the company from a startup into one of the largest, ultrafast
EV charging companies in the world.

Prior to Electrify America, Mr. Jones was a Board member and vice
president OEM Strategy and Business Development at EVgo Inc. and
helped reposition the company from a single subscriber revenue
model to one with multi-million-dollar contracts with automotive
OEMs and established the foundational elements for the rapid
expansion of Fast Charger infrastructure in the U.S.

Ritsaart van Montfrans, Blink Board Member and the founder of
NewMotion, a European leader and pioneer in EV charging, commented,
"Brendan Jones is a seasoned and trusted leader in the electric
charging industry and is uniquely qualified to lead Blink Charging
into the next phase of its growth.  Brendan has made great strides
in developing a strong and effective team that will meet the needs
and demands to build Blink as a global leader in EV charging,
offering the most flexible business models in the industry.  With
his demonstrated abilities to build relationships, grow Blink's
market share and effectively innovate in an expanding industry, we
are confident that Brendan will excel as we move into a new chapter
for Blink.  He is highly respected among his peers, staff and the
board members and we look forward to his continued success.  The
Company's Board has complete faith and confidence in Brendan's
leadership, and we look forward to his, and the Company's, success
as it continues to provide its best-in-class service and
products."

Before joining Blink, Mr. Jones spent 20 years from April 1994 to
March 2014 at Nissan North America, the last six of which were in
senior management or director capacities.  He was an integral part
of the team working on the Nissan's first electric vehicle, the
Nissan LEAF, which he helped develop into one of the top-selling
battery electric vehicles of all time.  He earned a Bachelor of
Arts degree and Master of Arts from George Mason University.  He
has previously served on numerous boards and EV industry
committees.

The Jones Employment Agreement provides that Mr. Jones is entitled
to receive an annual base salary of $775,000, payable in accordance
with our payroll policies and procedures.  Mr. Jones will be
eligible for an annual performance cash bonus targeted at 60% of
his annual base salary based on meeting pre-determined periodic key
performance indicators every year set by the mutual agreement of
our Board's Compensation Committee and Mr. Jones.  Mr. Jones will
also be eligible to receive aggregate annual equity awards under
the Company's incentive compensation plan with a target aggregate
award of 60% of his annual base salary.  Mr. Jones will receive a
one-time signing bonus of $150,000, with 50% in cash paid upon
assuming the position of chief executive officer and 50% upon the
one year anniversary of assuming such position.

                        About Blink Charging

Based in Miami Beach, Florida, Blink Charging Co. (OTC: CCGID)
f/k/a Car Charging Group Inc. -- http://www.CarCharging.com-- is
an owner and operator of electric vehicle (EV) charging equipment
and has sold or deployed over 66,000 chargers, many of which are
networked EV charging stations, enabling EV drivers to easily
charge at any of Blink's charging locations worldwide. Blink's
principal line of products and services is its nationwide Blink EV
charging networks and Blink EV charging equipment, also known as
electric vehicle supply equipment ("EVSE"), and other EV related
services, and the products and services of recent acquisitions,
including SemaConnect, EB Charging, Blue Corner and BlueLA.

Blink Charging reported a net loss of $91.56 million in 2022, a net
loss of $55.12 million in 2021, a net loss of $17.85 million in
2020, a net loss of $9.65 million in 2019, and a net loss of $3.42
million in 2018.


BOUQUET RESTAURANT: Court OKs Cash Collateral Access Thru June 14
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Kentucky,
Covington Division, authorized Bouquet Restaurant, LLC on a final
basis in accordance with the budget, with a 10% variance, through
June 14, 2023.

The Debtor requires the use of cash collateral to fund its daily
operations.

The Debtor is directed account for all cash collateral expended and
is authorized to make these adequate protection payments, as
modified on the record at the final hearing: Newtek Small Business
Finance, LLC, for May 2023, in the amount $3,648; and First Federal
Leasing in the amount of $350. First Federal Leasing was referred
to as First Bank of Richmond in the Debtor's original Motion.

Newtek is also granted a replacement lien in the same type and
manner of property it possessed pre-petition.

A carveout from the replacement liens is granted for professional
fees in the amount of $1,500 per week.

Any replacement liens granted will be deemed effective and
perfected as of the date of filing, however, to the extent that any
party granted a replacement lien was in fact not perfected or did
not possess a security interest prior to the filing of the
bankruptcy, it will not receive a greater or higher priority than
it possessed prior to the filing of the case.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/42syKy4 from PacerMonitor.com.

The Debtor projects total expenses, on a weekly basis, as follows:

     $22,165 for Week 1;
     $29,968 for Week 2;
     $23,665 for Week 3;
     $31,415 for Week 4; and
     $27,313 for Week 5.

                  About Bouquet Restaurant, LLC

Bouquet Restaurant, LLC operates a restaurant in Covington, Ky.,
offering charcuterie, small plates, entrees, and desserts.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Kent. Case No. 23-20279) on April 19,
2023. In the petition signed by Stephen A. Williams, member, the
Debtor disclosed $115,825 in assets and $1,613,837 in liabilities.

Judge Tracey N. Wise oversees the case.

Michael B. Baker, Esq., at the Baker Firm, PLLC, represents the
Debtor as legal counsel.



BRAVO MULTINATIONAL: Incurs $143K Net Loss in First Quarter
-----------------------------------------------------------
Bravo Multinational Incorporated has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q disclosing a
net loss of $143,462 for the three months ended March 31, 2023,
compared to a net loss of $147,241 for the three months ended March
31, 2022.

As of March 31, 2023, the Company had $43 in total assets, $1.91
million in total liabilities, and a total stockholders' deficit of
$1.91 million.

The Company has reported recurring losses from operations and has
net current liabilities and an accumulated deficit.  These
conditions raise substantial doubt as to the Company's ability to
continue as a going concern.

Bravo said, "While the Company is attempting to continue operations
and generate revenues, the Company's cash position may not be
significant enough to support the Company's daily operations.
Management intends to raise additional funds by way of a public or
private offering.  Management believes that the actions presently
being taken to further implement the Company's business plan and
generate revenues provide the opportunity for the Company to
continue as a going concern.  While the Company believes in the
viability of its strategy to generate revenues and in its ability
to raise additional funds, there can be no assurances to that
effect. The ability of the Company to continue as a going concern
is dependent upon the Company's ability to further implement its
business plan and generate revenues.  During the three months ended
March 31,2023 due to lack of revenues the officers of the Company
paid for all expenses through loans to the Company.  This allowed
the Company to continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1444839/000109181823000067/brvo20230331.htm

                      About Bravo Multinational

Based in Ontario, Canada, Bravo Multinational Incorporated --
http://www.bravomultinational.com-- is currently engaged in the
business of leasing and selling gaming equipment. The Company,
however, ceased operations in Nicaragua in 2017 due to political
and economic instabilities. The Company is planning to operate its
business in the US and other more stable democracies in Latin
America.

Bravo Multinational reported a net loss of $528,058 for the year
ended Dec. 31, 2022, compared to a net loss of $420,126 for the
year ended Dec. 31, 2021. As of Dec. 31, 2022, the Company had $73
in total assets, $1.77 million in total liabilities, and a total
stockholders' deficit of $1.77 million.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
March 6, 2023, citing that the Company has suffered recurring
losses from operations and has a significant accumulated deficit.
In addition, the Company continues to experience negative cash
flows from operations.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


C & A TRANSPORTATION: Amends Plan to Resolve Several Claim Issues
-----------------------------------------------------------------
C & A Transportation, Inc., submitted a First Modification before
Confirmation to the Joint Subchapter V Plan of Reorganization dated
May 9, 2023.

Debtor shows that this First Modification does not adversely change
the treatment of the claim of any creditor or the interest of any
equity security holder of Debtor and would not cause a creditor to
change its vote which previously voted in favor of the Subchapter V
Plan of Reorganization of Debtor.

Modification of the Class 2 Claim of BMO Harris Bank N.A. The Class
2 Allowed Secured Claim of BMO Harris Bank N.A., which arises out
of a Loan and Security Agreement dated October 26, 2022 by and
between BMO Harris and the Debtor (the "BMO Agreement"), in the
total amount of $532,463.60 and is secured by a first priority
security interest in 4 Mack trucks with VINs ending in 9539, 9528,
9531, and 9540 (the "Class 2 Allowed Secured Claim") together with
interest at the rate of 10.00% per annum, shall be paid in full as
follows: (i) the Reorganized Debtor shall make 4 interest only
payments equal to $4,437.20 commencing on the 18th day of the month
following the Effective Date, with a like payment on the 18th day
of each month thereafter for 3 months; (ii) beginning on the 18th
day of the 5th month following the Effective Date, principal and
interest payments shall be due and payable monthly on the 18th day
of the month in the amount of $11,313.28; and (iii) beginning on
the 18th day of the 13th month following the Effective Date,
principal and interest payments shall be due and payable monthly on
the 18th day of the month in the amount of $12,063.28 until the
Class 2 Allowed Secured Claim is paid in full.

Modification of the Class 5 Claim of First American Title Lending
of Georgia, LLC. The Class 5 Allowed Secured Claims of First
American, which is in the total amount of $10,093.26 and is secured
by a first priority security interest in a Mack Truck with a VIN
ending in 1795 (the "Class 5 allowed Secured Claim") shall be paid
in full, together with interest in the amount of 10% per annum, in
24 monthly payments of $465.75 commencing on the 5th day of July,
with a like payment on the 5th day of each month thereafter until
the Allowed Secured Claim is paid in full. To the extent that any
such payments are made by the Debtor to First American prior to the
Effective Date, such payments will be considered adequate
protection payments, and shall be applied to the balance of the
Class 5 Allowed Secured Claim. No provision of the Plan shall
impair any credit bid right of the Holder of the Class 5 Allowed
Secured Claim.

Modification of the Class 6 Claim of First American Title Lending
of Georgia, LLC. The Class 6 Allowed Secured Claims of First
American, in the total amount of $10,950.68, which is secured by a
first priority security interest in a Mack Truck with a VIN ending
in 1795 (the "Class 6 Allowed Secured Claim"), shall be paid in
full, together with interest in the amount of 10% per annum, in 24
monthly payments of $505.32 commencing on the 5th day of July, with
a like payment on the 5th day of each month thereafter until the
Class 6 Allowed Secured Claim is paid in full. To the extent that
any such payments are made by the Debtor to First American prior to
the Effective Date, such payments will be considered adequate
protection payments, and shall be applied to the balance of the
Class 6 Allowed Secured Claim.

Modification of the Class 7 Claim of Cadence Bank. The Class 7
Allowed Secured Claim of Cadence Bank filed as claim 20, with such
claim totaling $174,111.601 as of April 11, 2023 and comprised of
$162,058.47 in principal, $452.41 in interest, $11,600.72 in fees
with interest and fees continuing to accrue in accordance with the
terms of the pre-petition loan documents (the "Class 7 Allowed
Secured Claim"). The Class 7 Allowed Secured Claim is secured by,
among other things, a first priority security interest in the
office premises leased by the Debtor that are located at 2360,
2380, and 2390 Spires Drive, Macon, Georgia, 31216 (the "Property")
and as more fully described in the security deed attached to
Cadence's proof of claim 20 and guaranteed by the guarantors
referenced on proof of claim 20 (the "Guarantors").

The Class 7 Allowed Secured Claim shall be paid in full as follows:
the Reorganized Debtor shall pay the Class 7 Allowed Secured Claim
in equal monthly installments of $4,182.42 commencing on the 5th
day of the seventh month following the Effective Date, with a like
payment on the 5th day of each month thereafter until the Class 7
Allowed Secured Claim is paid in full. At Cadence's option, the
pre-petition loan documents will be deemed amended to the extent
necessary as determined by Cadence to extend the maturity date to
allow for any additional months needed to repay the Class 7 Allowed
Secured Claim in full.

Modification of the Class 8 Claim of M&T Equipment Finance
Corporation f/k/a People's United Equipment Finance Corp. The Class
8 Allowed Secured Claim of M&T Equipment Finance Corporation
("M&T") (the "Class 8 Allowed Secured Claim") shall be $363,603.37
as of March 24, 2023, plus interest accruing thereafter at the rate
of 9.35% per annum and actual attorney's fees incurred by M&T
thereafter until the Effective Date less adequate protection
payments received by M&T after March 24, 2023. The Class 8 Allowed
Secured Claim shall be paid, together with interest in the amount
of 9.35% per annum, in full as follows: the Reorganized Debtor
shall pay the Class 8 Allowed Secured Claim in equal monthly
installments of $7,577.09 commencing on the 5th day of the month
following the Effective Date, with a like payment on the 5th day of
each month thereafter, with a final balloon payment of the
remaining outstanding balance of the Class 8 Allowed Secured Claim
on March 5, 2028.

Specific Plan Provision Concerning Allegedly Unfiled Returns:
Although, in good faith, the Debtor submits, and has previously
submitted, that it is not required to file Form 720 tax returns for
tax periods ending December 31, 2016, March 31, 2017, June 30,
2017, and December 31, 2022 because it has no such tax liability
for such periods, prior to the Confirmation Date, or not later than
within 14 days after the Confirmation Date, the Debtor and the IRS
shall diligently address and seek to resolve the IRS's objection
arising out the fact its records currently show the Debtor "has
unfiled Form 720 tax returns for tax years ending December 31,
2016, March 31, 2017, June 30, 2017, and December 31, 2022."

Accordingly, to the extent the IRS has not already done so prior to
the Confirmation Date, the IRS shall, within 3 business days of the
Confirmation Date, submit to Reorganized Debtor, along with a
helpful explanation, whatever information it has that suggests the
Reorganized Debtor should have filed Form 720 tax returns for tax
years ending December 31, 2016, March 31, 2017, June 30, 2017, and
December 31, 2022. The Reorganized Debtor will then diligently
review that information with its accountant to determine whether
such forms should be filed. Should the Reorganized Debtor and its
accountant determine such forms should be filed, the Reorganized
Debtor will promptly do so. If, on the other hand, the Reorganized
Debtor and its accountant determine it is not required to file such
forms, the Reorganized Debtor will provide the IRS with an
explanation of why that is so and the IRS will promptly update its
records to reflect that determination.

Modification of the Class 3 Claim of the Internal Revenue Service.
The Class 3 Allowed Secured Claim of the IRS (the "Class 3 Allowed
Secured Claim") in the amount of $11,743.98, which is allegedly
secured by all of the Debtor's property in Bibb County, Georgia,
shall be paid in pay the Class 3 Allowed Secured Claim, together
with Statutory Interest, presently 7% per annum, in 48 equal
monthly installments of $281.22 commencing on the 5th day of the
month, with the first monthly payment due the 5th day of the month
following the Effective Date. In the event there is any amount of
the IRS Class 3 Claim that remains outstanding on the fifth
anniversary of the Petition Date, that balance shall be paid in
full on that date.

A full-text copy of the First Modified Subchapter V Plan dated May
9, 2023 is available at https://bit.ly/3M5wxlq from
PacerMonitor.com at no charge.

Counsel to Debtor:

     Gregory Daniel Taylor, Esq.
     R. Braden Copeland, Esq.
     Stone & Baxter, LLP
     577 Mulberry Street, Suite 800
     Macon, GA 31201
     Tel: (478) 750-9898
     Fax: (478) 750-9899
     Email: dbury@stoneandbaxter.com

                    About C & A Transportation

C & A Transportation Inc. -- https://www.catransportation.com/ --
is a professional commercial carrier in Macon, Ga.

C & A Transportation filed a petition for relief under Subchapter V
of Chapter 11 of the Bankruptcy Code (Bankr. M.D. Ga. Case No.
22-51583) on Dec. 23, 2022, with $1 million to $10 million in both
assets and liabilities. Robert M. Matson has been appointed as
Subchapter V trustee.

Judge James P. Smith oversees the case.

The Debtor is represented by R. Braden Copeland, Esq. at Stone &
Baxter, LLP.


CA TECHIES: Bid to Use Cash Collateral Denied
---------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division, denied without prejudice the motion to use
cash collateral filed by CA Techies Inc.

The Debtor filed a motion to use the cash collateral of its secured
creditor, R and T Oil Incorporated.

The Debtor requires the use of cash collateral to pay the
reasonable expenses it incurs during the ordinary course of its
business.

A copy of the motion is available at https://bit.ly/3MkQiqx from
PacerMonitor.com.

A copy of the order is available at https://bit.ly/3pylR7j from
PacerMonitor.com.

                       About CA Techies Inc.

CA Techies Inc., a company in Santa Fe Springs, Calif., sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
C.D. Calif. Case No. 23-11776) on March 24, 2023, with up to $1
million in assets and up to $10 million in liabilities. Mandeep
Singh, president of CA Techies, signed the petition.

Judge Sandra R. Klein oversees the case.

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
is the Debtor's legal counsel.



CARBO CERAMICS: Not Entitled to Depreciation Under the 2008 MOU
---------------------------------------------------------------
In the adversary case captioned as IN RE: CARBO CERAMICS, INC., et
al., Chapter 11, Debtors. CARBO CERAMICS, INC., Plaintiff, v. BOARD
OF TAX ASSESSORS FOR WILKINSON COUNTY GEORGIA, et al., Defendants,
Case No. 20-31973, Adversary No. 21-3031, (Bankr. S.D. Tex.), CARBO
Ceramics complains that it overpaid Wilkinson County under the
tax-incentive structure agreed on by the parties.

The parties disagree as to the proper valuation of the property for
the purpose of CARBO's payments to the County under a
bond-for-title structure. Among other issues, the parties dispute
whether: (i) a 2008 Memorandum of Understanding allowed for
additional depreciation to be factored into the valuation of the
subject property, (ii) a 2017 Settlement Agreement amended the MOU,
and (iii) the sale-leaseback structure giving rise to the
arrangement was in effect at the time of the valuation.

Judge Marvin Isgur of the U.S. Bankruptcy Court for the Southern
District of Texas finds that the MOU's valuation provisions were
valid and enforceable at all times. Judge Isgur holds that CARBO is
not entitled to take additional depreciation for economic
obsolescence or inutility under the terms of the 2008 MOU. He
explains that "the 2008 MOU provides for a valuation method which
excludes the consideration of additional depreciation in the form
of inutility and economic obsolescence. The 2017 Settlement was not
a modification which altered the 2008 MOU. The lease did not
terminate in 2017, and the MOU remained in effect at all times
relevant to this proceeding."

Judge Isgur further explains that "the 2008 MOU contemplated
CARBO's use of the financial benefits it received to invest in the
plants so that they would continue to be operational and continue
to employ people in the county. If that was no longer a feasible
goal. . . CARBO had the ability to terminate the agreement,
reacquire the property, and return to a standard tax structure --
CARBO did not terminate the agreement, so it was bound to the terms
of the MOU. Likewise, Judge Isgur holds that "the 2017 Settlement
merely recognizes that there was a dispute between the parties
concerning the valuation of the property and represents the
parties' resolution of that issue for the year 2017. . . CARBO has
not shown that the board of tax assessors intended to "depart" from
the terms of the MOU with the 2017 Settlement or other agreements
in later tax years." Therefore, the parties' actions did not
constitute a "mutual temporary disregard of contract" which would
have allowed CARBO to take additional depreciation in spite of the
plain language of the MOU. Neither CARBO's arguments nor the
evidentiary record so far supports any rational argument that the
2008 MOU and lease agreement have been null since 2017.

A full-text copy of the Memorandum Opinion dated April 12, 2023, is
available https://tinyurl.com/4f3h4wwk from Leagle.com.

                     About CARBO Ceramics

CARBO Ceramics Inc. -- https://carboceramics.com/ -- is a global
technology company providing products and services to the oil and
gas, industrial, and environmental markets. CARBO offers oilfield
ceramic technology products, base ceramic proppant, and frac sand
proppant for use in the hydraulic fracturing of oil and natural gas
wells.

Asset Guard Products Inc., a subsidiary of CARBO, offers products
intended to protect operators' assets, minimize environmental
risks, and lower lease operating expenses through spill prevention,
containment, and countermeasure systems for the oil and gas
industry.  

StrataGen, Inc., another subsidiary, offers fracture consulting and
data services and provides a suite of stimulation software
solutions used for designing fracture treatments and for on-site
real-time analysis to assist E&P companies in the efficient
completion of wells and enhancement of oil and natural gas
production.

CARBO Ceramics Inc. and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
20-31973) on March 29, 2020.  At the time of the filing, the
Debtors were estimated to have assets of between $100 million and
$500 million and liabilities of the same range.

Judge Marvin Isgur oversees the cases.  

Debtors tapped Vinson & Elkins LLP as bankruptcy counsel; Okin
Adams LLP as special counsel; Perella Weinberg Partners L.P. and
Tudor Pickering, Holt & Co. as investment banker; FTI Consulting,
Inc. as financial advisor; Ernst & Young LLP, KPMG LLP, and Weaver
and Tidwell L.L.P. as accountants and tax advisors. Prime Clerk,
the claims agent, maintains this website
https://dm.epiq11.com/case/crc/info

The Office of the U.S. Trustee appointed a committee of unsecured
creditors on April 14, 2020. The committee is represented by Foley
& Lardner LLP. GlassRatner Advisory & Capital Group, LLC is the
committee's financial advisor.



CASA CBW: Unsecured Creditors to Get Share of Income for 3 Years
----------------------------------------------------------------
Casa CBW, LLC, filed with the U.S. Bankruptcy Court for the
District of Arizona a Plan of Reorganization dated May 8, 2023.

Debtor is a limited liability company operating a bar and
restaurant in Marana, Arizona. Debtor began operations in June
2018.

As the Debtor was beginning to grow and establish a customer base,
the COVID pandemic began. To sustain itself through the pandemic,
Debtor was forced to take out loans, which were used to retain
employees and to maintain business operations, and to develop and
improve the business, including through the purchase of equipment
and a Series 6 liquor license.

Ultimately, while Debtor's revenue and profit has been steadily
growing since 2020, the payment obligations on the short-term debt
have prevented Debtor from effectively reducing the debt balance,
and the high interest rates have caused the accruing interest to
continue to increase. Debtor filed for bankruptcy protection to
restructure its obligations so that it can continue to operate in a
sustainable manner.

Class 3 consists of the Allowed Claim of NDF III Cortaro Crossing,
LLC, arising out of the lease of Debtor's business premises. The
amount of the Claim is $234.54. The Claim of NDF III Cortaro
Crossing, LLC has or will be paid in the normal course of business
pursuant to the terms of the lease. Class 3 is not impaired.

Class 4 consists of all Allowed Claims of State of Arizona,
Department of Revenue, and any city, municipality, County or other
government agency, which are entitled to priority, except ad
valorem taxes. Each holder of a Class 4 Allowed Claim will be paid
in deferred cash payments aggregating the Allowed Amount of each
such Claim, with interest at the statutory rate, in regular
installments of principal and interest. The final installment on
Class 4 Claims is due and payable on or before the fifth
anniversary of the Petition Date.

Class 5 consists of all Allowed Unsecured Claims against the
Debtors and all Allowed Claims not otherwise provided for in this
Plan. Without limiting the foregoing, this class includes all
Allowed Claims of the holders of any junior liens on the Debtor's
property, as well as the unsecured portion of the SBA Claim. Debtor
estimates that the claims in this class exceed $500,000.

Holders of Class 5 Allowed Claims will receive payments totaling
Debtor's projected monthly disposable income for the 3-year period
commencing on the Effective Date. Distributions will be made pro
rata, and will commence after all Administrative Claims and Class 4
Claims are paid in full. Once commenced, distributions will be made
on a periodic basis that is not less frequent than once every six
months, and will continue until Class 5 Allowed Claims receive
total funds of $43,000, provided, however, that (1) the total
amount paid on Class 5 Claims shall not exceed the total amount of
Allowed Claims in such Class, and (2) the total amount paid on
Class 5 Claims shall be reduced to the extent the amounts owed on,
or payments to, Administrative Claims and Class 4 claims exceed the
estimates reflected in this Plan and Debtor's financial
projections.

Any portion of the Class 5 claims unpaid will be discharged. Upon
confirmation of the Plan, any deeds of trust, statutory liens, or
other security interests of the Persons holding Class 5 Claims (but
only to the extent that such Persons' Claims are Class 5 Claims)
shall be stripped and deemed released. Class 5 is impaired.

Class 6 consists of the interests of equity holders of the Debtor.
Debtor's equity holders will retain their interest in the Debtor in
the same form and proportion as held prior to the Petition Date.
Class 6 is not impaired.

Debtor will fund the Plan from future income derived from business
operations.

On the Effective Date of the Plan, except as otherwise provided
herein or in the Confirmation Order, all of the property of the
estate and of the Debtor will vest in the reorganized Debtor, free
and clear of all claims, liens, charges and other interests of
creditors arising prior to the Effective Date.

A full-text copy of the Plan of Reorganization dated May 8, 2023 is
available at https://bit.ly/3M09dp8 from PacerMonitor.com at no
charge.

Attorney for Debtor:

     German Yusufov, Esq.
     Yusufov Law Firm PLLC
     5151 E. Broadway Blvd, Suite 1600
     Tucson, AZ 85711
     Phone: (520) 745-4429
     Email: info@yusufovlaw.com

                          About Casa CBW

Casa CBW, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 23-00711) on Feb. 6,
2023, with up to $100,000 in assets and up to $1 million in
liabilities. Jody Corrales has been appointed as Subchapter V
trustee.

Judge Scott H. Gan oversees the case.

German Yusufov, Esq., at Yusufov Law Firm, PLLC, is the Debtor's
legal counsel.


CELSIUS NETWORK: Apollo Provides Financial Backing to Bidder
------------------------------------------------------------
Olga Kharif of Bloomberg News reports that Apollo Global Management
Inc. is providing financial backing to a company bidding for
bankrupt lender Celsius Network' assets, according to a person
familiar with the matter.

Apollo, one of the world's biggest alternative asset managers, is a
capital partner for NovaWulf Digital Management's bid, according to
the person, who asked not to be identified because the matter is
private.

News site CoinDesk first reported Apollo's involvement.

NovaWulf, a New York City-based investment manager, is one of
several parties bidding for Celsius's assets alongside a consortium
that includes crypto exchange Gemini Trust, court documents show.

                 About Celsius Network

Celsius Network LLC -- http://www.celsius.network/-- is a
financial services company that generates revenue through
cryptocurrency trading, lending, and borrowing, as well as by
engaging in proprietary trading.

Celsius helps over a million customers worldwide to find the path
towards financial independence through a compounding yield service
and instant low-cost loans accessible via a web and mobile app.
Celsius has a blockchain-based fee-free platform where membership
provides access to curated financial services that are not
available through traditional financial institutions.

The Celsius Wallet claims to be one of the only online crypto
wallets designed to allow members to use coins as collateral to get
a loan in dollars, and in the future, to lend their crypto to earn
interest on deposited coins (when they're lent out).

Crypto lenders such as Celsius boomed during the COVID-19 pandemic,
drawing depositors with high interest rates and easy access to
loans rarely offered by traditional banks.  But the lenders'
business model came under scrutiny after a sharp sell-off in the
crypto market spurred by the collapse of major tokens terraUSD and
luna in May 2022.

New Jersey-based Celsius froze withdrawals in June 2022, citing
"extreme" market conditions, cutting off access to savings for
individual investors and sending tremors through the crypto
market.

The list of major crypto firms that have filed for bankruptcy
protection in 2022 now includes Celsius Network, Three Arrows
Capital and Voyager Digital.

Celsius Network, LLC and its subsidiaries sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case
No. 22-10964) on July 14, 2022. In the petition filed by CEO Alex
Mashinsky, the Debtors estimated assets and liabilities between $1
billion and $10 billion.

The Debtors tapped Kirkland & Ellis, LLP and Kirkland & Ellis
International, LLP as bankrupty counsels; Fischer (FBC & Co.) as
special counsel; Centerview Partners, LLC as investment banker; and
Alvarez & Marsal North America, LLC as financial advisor. Stretto
is the claims agent and administrative advisor.

On July 27, 2022, the U.S. Trustee appointed an official committee
of unsecured creditors.  The committee tapped White & Case, LLP as
its bankruptcy counsel; Elementus Inc. as its blockchain forensics
advisor; M3 Advisory Partners, LP as its financial advisor; and
Perella Weinberg Partners, LP as its investment banker.

Shoba Pillay, Esq., is the examiner appointed in the Debtors'
Chapter 11 cases.  Jenner & Block, LLP and Huron Consulting
Services, LLC serve as the examiner's legal counsel and financial
advisor, respectively.


CENTURY ALUMINUM: Unit Buys Outstanding Shares of General Alumina
-----------------------------------------------------------------
As previously announced, Century Aluminum Company entered into an
agreement with Noble Group Holdings Limited to acquire Noble's 55%
ownership interest in Jamalco JV, a bauxite mining and alumina
production joint venture in Jamaica.  Effective May 2, 2023, in
connection with the consummation of the Jamalco Transaction,
Century Aluminum Jamaica Holdings, Inc., a wholly-owned subsidiary
of Century, entered into that certain Share Sale and Purchase
Agreement with Noble New Asset Intermediate Co Limited ("Seller"),
Noble Group Holdings and Noble Resources International Pte. Ltd.,
pursuant to which it acquired all the outstanding share capital of
General Alumina Holdings Limited, a subsidiary of the Seller and
the holder of Noble's 55% interest in Jamalco, for US$1.00.

                  About Century Aluminum Company

Chicago, Illinois-based Century Aluminum Company --
http://www.centuryaluminum.com-- is a global producer of primary
aluminum and operates aluminum reduction facilities, or "smelters,"
in the United States and Iceland.

Century Aluminum reported a net loss of $14.1 million for the year
ended Dec. 31, 2022, a net loss of $167.1 million for the year
ended Dec. 31, 2021, a net loss of $123.3 million for the year
ended Dec. 31, 2020, a net loss of $80.8 million for the year ended
Dec. 31, 2019, and a net loss of $66.2 million for the year ended
Dec. 31, 2018.  As of Sept. 30, 2022, the Company had $1.58 billion
in total assets, $406.1 million in total current liabilities,
$660.9 million in total noncurrent liabilities, and $516.6 million
in total shareholders' equity.


CERTENEJAS INCORPORADO: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Certenejas Incorporado
          DBA Hotel Flor Del Valle
        Road #172, KM 7.5
        Bayamon Ward
        Cidra, PR 00739

Business Description: The Debtor is the fee simple owner of a land
                      with commercial building known as "Motel
                      Flor Del Valle" located in Cidra, Puerto
                      Rico valued at $3.15 million.

Chapter 11 Petition Date: May 12, 2023

Court: United States Bankruptcy Court
       District of Puerto Rico

Case No.: 23-01438

Debtor's Counsel: Charles A. Cuprill, Esq.
                  CHARLES A. CUPRILL, PSC LAW OFFICES
                  356 Fortaliza Street
                  Second Floor
                  San Juan, PR 00901
                  Tel: 787-977-0515
                  Email: ccuprill@cuprill.com

Total Assets: $4,412,900

Total Liabilities: $10,114,333

The petition was signed by Luis J. Meaux Vazquez as president.

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

https://www.pacermonitor.com/view/4H5GHOA/CERTENEJAS_INCORPORADO__prbke-23-01438__0001.0.pdf?mcid=tGE4TAMA


CHENIERE ENERGY: Moody's Puts 'Ba1' CFR on Review for Upgrade
-------------------------------------------------------------
Moody's Investors Service placed ratings on Cheniere Energy, Inc.'s
("CEI") on review for upgrade. The ratings include its Ba1
Corporate Family Rating and Ba1 rating on its Senior Global Notes.
CEI's Speculative Grade Liquidity (SGL) remains unchanged at SGL-1.
The rating outlook is changed to ratings under review from stable.

"Cheniere Energy, Inc. has strengthened its consolidated leverage
position and is well positioned to deliver an expansion of LNG
capacity at its Corpus Christi facility while maintaining
substantial financial flexibility and solid leverage profile until
the expansion completion in early 2027," said Elena Nadtotchi,
Moody's Senior Vice President.

On Review for Upgrade:

Issuer: Cheniere Energy, Inc.

Corporate Family Rating, Placed on Review for Upgrade, currently
Ba1

Probability of Default Rating, Placed on Review for Upgrade,
currently Ba1-PD

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Upgrade, currently Ba1

Outlook Actions:

Issuer: Cheniere Energy, Inc.

Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR
DOWNGRADE OF THE RATINGS

The review for upgrade of CEI's Ba1 CFR follows Moody's decision to
place Baa3 ratings of Cheniere Corpus Christi Holdings, LLC (CCH),
a wholly owned operating subsidiary of CEI, on review for upgrade.

The review for upgrade of CEI's ratings recognizes a significant
reduction in debt across the organizational structure, funded by
exceptionally strong earnings and free cash flow generation in its
marketing division in 2022, that Moody's expect to remain strong in
2023. CEI enjoys an improved earnings diversification and delivered
significant debt reduction in 2021-2023 boosting credit profiles of
its principal subsidiaries and contributors to earnings, including
Cheniere Energy Partners L.P. (CQP, Ba1 stable), where it holds
approximately a 51% stake through 2% GP and approximatelly 49% LP
interests, as well as its wholly owned operating subsidiaries CCH
(Baa3 on review for upgrade) and Cheniere Marketing (unrated).

The review for upgrade of CEI's Ba1 ratings will evaluate the
degree of future reliance on debt to fund the completion of the
capacity expansion at CCH and the projected leverage profile of
CEI, as well as its financial policies, other funding requirements
and capital allocation framework. The review will also cover the
outlook for Cheniere Marketing earnings in the medium term.

The principal methodology used in these ratings was Midstream
Energy published in February 2022.

Cheniere Energy, Inc. is a publicly traded company headquartered in
Houston, Texas. Through its ownership and operation of two US-based
LNG export facilities, Sabine Pass Liquefaction LLC (SPL, Baa2
stable) and CCH, CEI is established as one of the world's largest
LNG exporters. CQP is a master limited partnership that owns SPL,
as well as five LNG storage tanks and two marine berths with a
third marine berth under construction; Sabine Pass LNG, L.P.
(SPLNG), a regasification terminal that has been in operation since
2008; and Cheniere Creole Trail Pipeline, L.P. (CTPL), a
94-mile-long pipeline that provides natural gas supply
transportation to SPL. Cheniere Marketing operates under arm's
length contracts with SPL and CCH and markets their uncontracted
LNG volumes, with a significant portion of the LNG spread retained
at the marketing entity.


CHRISTMAS TREE: May 15 Deadline Set for Panel Questionnaires
------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of Christmas Tree Shops,
LLC, et al.

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://bit.ly/3O8PQwF and return by email it to
Benjamin A.Hackman -- Benjamin.A.Hackman@usdoj.gov -- at the Office
of the United States Trustee so that it is received no later than
4:00 p.m., on May 15, 2023.

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

                 About Christmas Tree Shops LLC

CTS operates a chain of brick-and-mortar home goods retail stores
that specializes in year-round seasonal goods at value pricing. CTS
stores offer a variety of products including home decor, bed and
bath products, kitchen and dining products, furniture, food and
seasonal products.

Christmas Tree and four of its affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del., Lead Case No. 23-10576) on
May 5, 2023.  The petitions were signed by Marc Salkovitz as
executive chairman.  The Hon. Thomas M. Horan presides over the
Debtors' cases.

Christmas Tree listed $50 million to $100 million in estimated
assets and $100 million to $500 million estimated liabilities.

Troutman Pepper Hamilton Sanders LLP and Murphy & King, P.C. serves
as bankruptcy counsel to the Debtors.  Kurtzman Carson Consultants,
LLC serve as claims and noticing agent to the Debtors.



CLUB CAR: S&P Alters Outlook to Stable, Affirms 'B' ICR
-------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating and all
debt ratings on specialty vehicles manufacturer Club Car LLC.

The stable outlook reflects that S&P expects the company to
increase its revenue and earnings on favorable industry trends and
its investments in operational improvement initiatives and decrease
its leverage to the low-6x area by the end of 2023.

S&P said, "We have revised our outlook to stable because Club Car's
healthy order backlog and our expectation of sustained improvements
in operating trends will result in leverage improving to the
low-mid-6x area.

"We expect that Club Car's total revenue could grow by about
15%-20% in 2023 driven by a healthy order backlog from continued
strong growth in the commercial and golf segments. This will more
than offset some expected moderation in growth from the consumer
segment as recessionary pressures strain discretionary spending and
low consumer dealer inventory levels last year, have begun to
normalize this year, which could drive moderating orders. In
addition, long-term tailwinds, including the continued shift toward
larger golf club fleet sizes and higher-priced lithium-ion battery
powered vehicles and the growth of master planned communities all
support sales growth in 2023. We expect Club Car to continue to
maintain recently expanded production levels in 2023 as supply
chain issues ease and Club Car's successful investments in supplier
tooling, manufacturing lines, and alternative suppliers continue to
pay dividends in the company's production capacity. Although we
still expect some supply chain issues, such as shortages in
semiconductors/chips, to remain in 2023, we expect Club Car to be
highly motivated to work down its backlog to more normal levels
even if it results in moderately higher costs. We assume Club Car
has an adequate diversity of healthy third-party financing partners
that will continue to have the ability to offer competitive rates
to customers even in a rising rate environment to enable the
company to deliver its sales budget. We also expect price increases
already in place to offset inflationary pressures. Based on these
assumptions, we expect that leverage will be in the low-6x area in
2023, potentially improving to below 6x in 2024."

Club Car has a leading market position and long-standing reputation
as a premium manufacturer in the golf cart industry, where it
primarily competes against E-Z-GO and Yamaha.

In 2022, the company's sales to golf course operators accounted for
about half of its new cart sales. Although S&P views Club Car's end
markets as relatively cyclical, with demand tied to consumer
discretionary spending, spending on golf has remained steady
despite the elevated levels brought on as a result of the COVID-19
pandemic with sustained elevated participation rates and favorable
income demographics of its participants. In addition, Club Car
often leases golf carts to course operators, typically for a period
of four to five years, which provides some visibility into its
future sales based on its fleet renewal and replacement cycles.
Following the expiration of its leases, Club Car has the option to
resell the used carts, which it often offers to its retail and
commercial customers.

S&P believes Club Car has a strong third-party financing network
and sufficient alternatives for financing options.

Club Car is a long-established brand in the golf industry and has
access to a network of strong third-party financing partners to
support its sales effort across segments. Through this network,
Club Car is able to offer its customers competitive lease terms,
which has helped support its sales effort over the years. Despite
our base case for a very shallow recession in 2023 and the recent
failure of several U.S. banks, along with heightened market
volatility, we believe Club Car's established network of
third-party financing partners will enable it to fulfill its sales
budget. It is our understanding that although Club Car has
concentration in a few partners in its current network, these
partners are healthy and the company has sufficient alternatives
even if economic stresses lead to some third-party financing
partners not able to fulfill financing needs.

Club Car's acquisition of Garia, which it expects to be completed
in 2023, results in a modest improvement in its geographic
diversity.

Garia is a European manufacturer of high-end small electric
vehicles (EVs) and related aftermarket parts and services,
headquartered in Denmark. In November 2021, Garia acquired Melex, a
Poland-based manufacturer of electric utility vehicles. Club Car
intends to improve profitability by consolidating the manufacturing
of Garia and Melex in Poland and to expand sales volumes through
Club Car's distribution in the U.S. and Europe. S&P Global Ratings
expects that the ongoing Russia-Ukraine conflict could have sizable
effects on Poland's economy and public finance, which could impair
Club Car's execution of the planned manufacturing consolidation.
However, it is S&P's understanding that plant consolidation is on
track and there has not been any disruption from the ongoing
conflict in Ukraine, with completion of the expansion expected in
2023.

S&P expects favorable long-term trends in Club Car's golf and
consumer segment,s as well as lithium powered vehicles to continue
supporting growth.

Club Car's golf and consumer segments account for a majority of new
cart sales. In recent years, an increase in the number of rounds
played, greater overall participation in the sport, and a rise in
the proportion of rounds driven has led golf courses to increase
the size of their fleets and accelerated their fleet replacement
cycles. In addition, during the pandemic, rounds played were
elevated and courses implemented single-ridership requirements to
comply with social distancing restrictions. This resulted in
greater wear and tear on fleets and increased the need for carts in
2022. S&P said, "Despite our expectations for a shallow recession
in 2023, we expect participation in golf will remain steady as
consumers value experiences over consumer goods, with a sustained
strong demand in golf. Golf demand in terms of rounds played
remained strong through March 2023, according to the National Golf
Foundation and Golf Datatech, with a flat percentage change year
over year. We also expect an accelerating shift toward
higher-priced lithium-ion battery-powered vehicles to be a key
support for the company's future expansion. We expect that electric
vehicle sales will increase over time as universities and
corporations continue to shift from gas utility vehicles to
electric, which will result in higher average selling prices
because these carts command a premium over lead-acid battery or
gas-powered carts, but this will be somewhat offset by their longer
replacement cycles."

Since introducing its Onward model in 2017, Club Car has gained
market share and substantially expanded its consumer segment. To
support the expansion of its consumer segment, the company added
more than 250 new dealer agreements, most of which were with
power-sports retail merchandisers. S&P said, "We believe certain
favorable trends, including an increase in outdoor recreation
activities, the aging population, the proliferation of
master-planned communities, and sustainable mobility trends, will
support increased sales of Club Car's feature-rich EVs. The
company's online platform also enables its customers to customize
options for their carts. Club Car typically sells an average model
with $500 to $700 of accessories. Over the longer term, we expect
that the client relationships in its consumer segment may be less
sticky and subject to greater competition than the relationships in
its golf segment."

The company sells its products primarily through independent
distributors.

S&P believes its well-established global distribution channels
create some barriers to entry. Club Car primarily sells its
products in the U.S. Although its international sales will increase
following the integration of Garia, they will remain a relatively
small portion of total sales. The company assembles most of its
vehicles at a single manufacturing facility in Georgia, which we
believe involves some concentration risk.

Input prices and supply chain remain key risks. Club Car's
manufacturing relies on raw materials, including steel, aluminum,
lithium, lead, and rubber, the prices of which can fluctuate over
time. Volatility in commodity prices for raw material inputs and
being unable to pass these fully through to customers are key risks
for Club Car, but the company was able to mitigate these risks in
2022 with product surcharges and S&P expects Club Car's product
price increases to help offset inflationary pressures in raw
materials in 2023.

Club Car faces risks from private equity ownership and the tendency
of financial sponsors to use leverage capacity to fund
acquisitions, investments, or cash distributions.

S&P said, "Our assessment of the company's financial risk reflects
corporate decision-making that could prioritize the interests of
controlling owners, in line with our view of most rated entities
owned by private-equity sponsors. Club Car is owned by Platinum
Equity. Our assessment also reflects its generally finite holding
periods and a focus on maximizing shareholder returns.

"The stable outlook reflects that we expect the company to increase
its revenue and earnings on favorable industry trends and its
investments in operational improvement initiatives and decrease its
leverage to the low-6x area by the end of 2023.

"We could lower our rating if we expected that Club Car would
sustain leverage above our 7x downgrade threshold, which could
result from a pullback in orders across the company's segments,
slow achievement of its operational improvement plan, or a
leveraging acquisition or distribution.

"We could raise our rating on Club Car if the company successfully
integrated Garia and demonstrated a commitment to deleveraging by
using its positive cash flow generation to repay debt while
sustaining debt to EBITDA of well below 5x (including potential
acquisitions and shareholder returns)."

ESG credit indicators: E-2, S-2, G-3

S&P said, "Governance factors are, on a net basis, a moderately
negative consideration in our credit rating analysis of Club Car.
Our assessment of the company's financial risk profile as highly
leveraged reflects corporate decision-making that prioritizes the
interests of controlling owners, in line with our view of most
rated entities owned by private-equity sponsors. Our assessment
also reflects generally finite holding periods and a focus on
maximizing shareholder returns."



CMG MEDIA: $2.15B Bank Debt Trades at 16% Discount
--------------------------------------------------
Participations in a syndicated loan under which CMG Media Corp is a
borrower were trading in the secondary market around 84.1
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $2.15 billion facility is a Term loan that is scheduled to
mature on December 17, 2026.  About $2.10 billion of the loan is
withdrawn and outstanding.

CMG Media Corp, also known as Cox Media Group, provides direct
marketing services. Cox Media serves customers in the United
States.


COPPER CANYON: S&P Lowers Debt Rating to 'BB+' on Fund Balances
---------------------------------------------------------------
S&P Global Ratings lowered its long-term rating two notches to
'BB+' from 'BBB' on Copper Canyon Fire & Medical District of
Yavapai County, Ariz.'s series 2021 certificates of participation.

The outlook is negative.

"The downgrade reflects our view of the structural imbalance that
has resulted in a growing negative fund position, which has been
exacerbated by operational challenges stemming from the COVID-19
pandemic," said S&P Global Ratings credit analyst Malcolm Simmons.
"Furthermore, the operational challenges have led the district to
use alternative financing sources in the form of a line of credit
to expense ongoing costs, a practice we generally view as a credit
negative," he added.

Copper Canyon Fire & Medical District provides fire and emergency
services to an estimated 18,000 people in Yavapai County. The
district operates three fire stations and has a wide-ranging
service area of over 120 square miles. Over the past three fiscal
years, its market value has grown by an average of approximately
14%, signaling continued development and resiliency through periods
of economic headwinds.



COX INDUSTRIAL: Seeks Cash Collateral Access
--------------------------------------------
Cox Industrial Services, LLC asks the U.S. Bankruptcy Court for the
District of Arizona for authority to use cash collateral and
provide adequate protection.

The Debtor requires the use of cash collateral to continue
operations and successfully reorganize.

As of the Petition Date, the Debtor believes it has the following
assets that are currently or may be converted post-petition to cash
collateral:

     a. Approximately $21,081 on deposit with JP Morgan Chase Bank,
NA;

     b. Approximately $2.8 million in outstanding receivables, only
$800,000 which the Debtor currently believes are collectable; and

     c. Approximately $150,000 in raw materials.

As of the Petition Date, the Debtor believes these creditors may an
assert an interest in cash collateral:

     a. Chase, which holds a claim in the estimated amount of
$840,000 and has filed UCC Financing Statements with the Arizona
Secretary of State on September 18, 2012 at Filing No.
2012-170-7562-5; September 5, 2013 at Filing No. 2013-175-1686-8;
and February 24, 2016 at Filing No. 2016-000-7524-6; and

     b. Arizona Department of Revenue, which holds a claim in the
alleged amount of $131,278 as evidenced by Notices of State Tax
Liens filed with the Arizona Secretary of State on December 8, 2022
at Filing No. 2022-007-2237-9; and February 23, 2023 at Filing No.
2023-001-2229-0.

The Debtor additionally has these creditors believed to have
purchase-money security interests on specific equipment and
vehicles: Ally; Cat Financial Commercial Account; Ford Motor Credit
Company; Tom & Gloria Bastien/Bastien family Trust; Toyota
Financial Services.

In additional to its security interest over the Debtor's personal
property, Chase also holds a first-position lien on the Debtor's
real property, estimated to be worth $2.5 million.

The Debtor asserts Chase has approximately $1.7 million of equity
in the Debtor's real property making any diminution in cash
collateral unlikely to have any material impact on Chase. The only
other creditor the Debtor believes may have a cash collateral
interest, ADOR, holds a total claim that is only a fraction of the
Debtor's current outstanding receivables. As the Debtor anticipates
that its post-petition revenue will exceed its expenses on a
monthly basis, the Debtor will replace any cash collateral with
other cash or receivables. Therefore, granting replacement liens to
the cash collateral creditors in post-petition cash and receivables
will adequately protect such creditors' interest in the Debtor's
cash and cash proceeds as of the Petition Date.

A copy of the Debtor's motion and budget is available at
https://bit.ly/42LOZ9t from PacerMonitor.com.

The Debtor projects total expenses, on a monthly basis, as
follows:

      $7,200 for May 2023; and
     $48,200 for June 2023.

               About Cox Industrial Services, LLC

Cox Industrial Services, LLC operates an agricultural engineering
and fabrication business focusing on industrial refrigeration.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 23-02866) on May 2, 2023.
In the petition signed by Randy Cox, owner, the Debtor disclosed
$5,793,413 in assets and $4,238,957 in liabilities.

Judge Scott H. Gan oversees the case.

Thomas H. Allen, Esq., at Allen, Jones & Giles, PLC, represents the
Debtor as legal counsel.



CPC ACQUISITION: $1.03B Bank Debt Trades at 26% Discount
--------------------------------------------------------
Participations in a syndicated loan under which Cpc Acquisition
Corp is a borrower were trading in the secondary market around 74.4
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.03 billion facility is a Term loan that is scheduled to
mature on December 29, 2027.  The amount is fully drawn and
outstanding.

CPC Acquisition Corp is in the chemicals industry.



CPC ACQUISITION: $225M Bank Debt Trades at 56% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Cpc Acquisition
Corp is a borrower were trading in the secondary market around 43.8
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $225 million facility is a Term loan that is scheduled to
mature on December 29, 2028.  The amount is fully drawn and
outstanding.

CPC Acquisition Corp is in the chemicals industry.



CRAFTSMAN ROOFING: Court OKs Cash Collateral Access Thru May 31
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of North
Carolina, Raleigh Division, authorized Craftsman Roofing Services,
Inc. to use cash collateral on an interim basis in accordance with
the budget, with a 10% variance, through May 31, 2023.

The Bancorp Bank and Fora Financial Business Loans may have an
interest in the cash collateral.

As adequate protection, the Secured Creditors are granted a valid
and perfected replacement liens in and upon all of the categories
and types of collateral in which they held a security interest and
lien as of the Petition Date to the same extent, validity and
priority that they held as of the Petition Date. The Secured
Creditors' liens upon the post-petition collateral will be deemed
immediately perfected without the need for any further action on
the part of the Secured Creditors.

As additional adequate protection to the Secured Creditors, the
Debtors will provide Bancorp, the Subchapter V Trustee and the
Bankruptcy Administrator with a budget-to-actual comparison report
by close of business on the day prior to any return hearing date on
the motion.

On or before May 10, 2023, the Debtors will pay $17,274 to Bancorp
as adequate protection to Bancorp.

These events constitute an "Event of Default":

     (i) The Debtor fails to comply with any of the terms or
conditions of the Order;
    (ii) The Debtor uses cash collateral other than as agreed in
the Order;
   (iii) The appointment of a trustee or examiner in the
proceeding;
    (iv) The cancellation or lapse of the Debtor's insurance
coverage;
     (v) The cessation of business operations by the Debtor; or
    (vi) The conversion to chapter 7 or dismissal of the case.

A continued hearing on the matter is set for May 25 at 11:30 a.m.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3VRu02N from PacerMonitor.com.

The Debtor projects $69,683 in total revenues and $147,776 in total
expenses.

              About Craftsman Roofing Services, Inc.

Craftsman Roofing Services, Inc. sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D.N.C. Case No. 23-01013) on
April 13, 2023. In the petition signed by Russell Vandiver,
president, the Debtor disclosed up to $10 million in both assets
and liabilities.

Judge Pamela W. McAfee oversees the case.

Philip M. Sasser, Esq., at Sasser Law Firm, serves as counsel to
the Debtor.



CYXTERA DC HOLDINGS: $100M Bank Debt Trades at 38% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Cyxtera DC Holdings
Inc is a borrower were trading in the secondary market around 62.0
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $100 million facility is a Term loan that is scheduled to
mature on May 1, 2024.  About $97.5 million of the loan is
withdrawn and outstanding.

Cyxtera DC Holdings, Inc. provides data center services.



CYXTERA DC HOLDINGS: $815M Bank Debt Trades at 34% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Cyxtera DC Holdings
Inc is a borrower were trading in the secondary market around 66.5
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $815 million facility is a Term loan that is scheduled to
mature on May 1, 2024.  About $768.1 million of the loan is
withdrawn and outstanding.

Cyxtera DC Holdings, Inc. provides data center services.



CYXTERA TECHNOLOGIES: Incurs $325.4M Net Loss in First Quarter
--------------------------------------------------------------
Cyxtera Technologies, Inc. has filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q disclosing
a net loss of $325.4 million on $196.7 million of revenues for the
three months ended March 31, 2023, compared to a net loss of $40.9
million on $182.4 million of revenues for the three months ended
March 31, 2022.

As of March 31, 2023, the Company had $2.76 billion in total
assets, $2.70 billion in total liabilities, and $64.3 million in
total shareholders' equity.

Cyxtera said, "At this time, the Company does not have sufficient
resources to repay the amounts under the revolving credit facility
and long term debt and is actively considering all strategic
alternatives, including restructuring its debt under the U.S.
Bankruptcy Code...The Company is undertaking, and has recently
undertaken, a number of actions in order to improve its financial
position and stabilize its results of operations, including a
freeze on hiring, a reduction in force and cuts in non-essential
spending. In addition, the Company may seek reductions in rental
obligations with landlords, seek additional debt or equity capital,
reduce or delay the Company's business activities and strategic
initiatives, and/or sell assets.  These measures may not be
successful."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1794905/000179490523000048/cyxt-20230331.htm

                  About Cyxtera Technologies Inc.

Headquartered in Coral Gables, FL, Cyxtera Technologies, Inc. --
https://www.cyxtera.com -- is a global data center company
providing retail colocation and interconnection services.  The
Company provides an innovative suite of deeply connected and
intelligently automated infrastructure and interconnection
solutions to more than 2,300 leading enterprises, service providers
and government agencies around the world - enabling them to scale
faster, meet rising consumer expectations and gain a competitive
edge.

Cyxtera reported a net loss of $355.1 million in 2022, a net loss
of $257.9 million in 2021, and a net loss of $122.8 million in
2020.

                            *    *    *

As reported by the TCR on Dec. 23, 2022, S&P Global Ratings lowered
its issuer credit rating on U.S.-based data center operator Cyxtera
Technologies Inc. by two notches to 'CCC' from 'B-'.  S&P said the
negative outlook reflects Cyxtera's diminishing liquidity position
and the potential for a default or debt restructuring over the next
12 months.


CYXTERA TECHNOLOGIES: Secures $50M Financing, Inks RSA With Lenders
-------------------------------------------------------------------
Cyxtera announced it has received $50 million in new financing from
certain of its lenders, holding over two-thirds of its outstanding
term loan, to support ongoing business operations.  In connection
with the new financing, Cyxtera has entered into a Restructuring
Support Agreement with the Lenders to strengthen the Company's
financial position and facilitate the business's long-term
success.

Cyxtera is continuing to operate its unique global platform of
highly interconnected data centers with an unwavering focus on
providing high-quality services that help its customers around the
world transform and scale their businesses.

"We have strong momentum in our business, and demand for our global
data center platform remains high," said Nelson Fonseca, Cyxtera's
chief executive officer.  "With the support of our Lenders, we are
taking steps to strengthen our financial position and ensure that
our business is best positioned for the long term.  We are
confident in our ability to continue growing our business and
creating value for the customers and communities we serve as we
work to implement the transactions contemplated by the agreement."

Mr. Fonseca added, "We thank our customers and partners for their
continued support, and we are grateful to our employees for their
hard work and commitment to Cyxtera.  We look forward to continuing
to provide innovative, cloud-like data center services and enabling
our customers to meet their evolving business needs."

Additional Information Regarding the RSA

The terms of the RSA contemplate the Company undertaking a process
to pursue a potential sale of the business or a significant
investment from a new investor.  In connection with this process,
the Lenders have agreed to offer long-term financing for potential
investors to address existing near-term maturities.

To the extent the process does not result in an acceptable
transaction with a third party, as defined by the RSA, the Company
would implement a comprehensive financial restructuring and
transition majority ownership of the business to the Lenders
through an expedited, voluntary court-supervised process under
Chapter 11 of the U.S. Bankruptcy Code.

In all scenarios being contemplated, Cyxtera will continue
operating and serving customers via its global data center platform
with innovative services and the highest levels of support.
Additionally, regardless of the path forward, employees will
continue receiving their pay and benefits without interruption.
The Company will also continue evaluating its data center
footprint, consistent with its commitment to optimizing
operations.

Cyxtera expects to determine a path forward under the RSA in the
coming weeks and will provide an update in due course.

Carlos Sagasta, Cyxtera's chief financial officer, said, "Our solid
first quarter results underscore the strength of our operations and
Cyxtera's ability to deliver consistent revenue growth.  We
appreciate the continued patience and support of our suppliers and
business partners and look forward to working closely with them to
drive our mutual success."

                  About Cyxtera Technologies Inc.

Headquartered in Coral Gables, FL, Cyxtera Technologies, Inc. --
https://www.cyxtera.com -- is a global data center company
providing retail colocation and interconnection services.  The
Company provides an innovative suite of deeply connected and
intelligently automated infrastructure and interconnection
solutions to more than 2,300 leading enterprises, service providers
and government agencies around the world - enabling them to scale
faster, meet rising consumer expectations and gain a competitive
edge.

Cyxtera reported a net loss of $355.1 million in 2022, a net loss
of $257.9 million in 2021, and a net loss of $122.8 million in
2020.  As of March 31, 2023, the Company had $2.76 billion in total
assets, $2.70 billion in total liabilities, and $64.3 million in
total shareholders' equity.

                            *    *    *

As reported by the TCR on Dec. 23, 2022, S&P Global Ratings lowered
its issuer credit rating on U.S.-based data center operator Cyxtera
Technologies Inc. by two notches to 'CCC' from 'B-'.  S&P said the
negative outlook reflects Cyxtera's diminishing liquidity position
and the potential for a default or debt restructuring over the next
12 months.


DANA FINANCING: S&P Rates New EUR425MM Senior Unsecured Notes 'BB-'
-------------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '4'
recovery rating to Maumee, Ohio-based supplier of power-conveyance
and energy management solutions for vehicles and machinery Dana
Inc.'s proposed EUR425 million senior unsecured notes due 2031. The
notes are being issued by Dana Financing Luxembourg S.a.r.l. The
'4' recovery rating indicates S&P's expectation of average
(30%-50%; rounded estimate: 40%) recovery for the senior unsecured
lenders in the event of a payment default.

The company plans to use the proceeds from this issuance to redeem
$200 million of its outstanding 5.75% senior unsecured notes due
2025, repay $245 million of outstanding borrowings under its
revolving credit facility, and pay related fees and expenses. S&P
said, "We would expect the company to repay the remaining
outstanding balance of the 5.75% senior unsecured notes due 2025
over time. Because this is largely a refinancing transaction for
debt repayment, Dana's leverage will not increase and the recovery
prospects for its senior unsecured noteholders will remain
materially unchanged. Therefore, we rate the new senior unsecured
notes at the same level as our issue-level rating on the company's
existing senior unsecured debt."

S&P recently downgraded Dana to 'BB-' due to weaker expected credit
metrics resulting from higher investments in its electric vehicle
parts portfolio.

ESG credit indicators: E-3, S-2, G-2



DESOLATION HOLDINGS: May 17 Deadline Set for Panel Questionnaires
-----------------------------------------------------------------
The United States Trustee is soliciting members for committee of
unsecured creditors in the bankruptcy case of Desolation Holdings
LLC, et al.

If a party wishes to be considered for membership on any official
committee that is appointed, it must complete a questionnaire
available at https://bit.ly/3pyhybT and return by email it to
Richard.Schepacarter -- Richard.Schepacarter@usdoj.gov -- at the
Office of the United States Trustee so that it is received no later
than 5:00 p.m., on May 17, 2023.

If the U.S. Trustee receives sufficient creditor interest in the
solicitation, it may schedule a meeting or telephone conference for
the purpose of forming a committee.

               About Desolation Holdings

Desolation Holdings and three of its affiliates filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del., Lead Case No. 23-10597) on May 8, 2023.
Desolation Holdings' affiliates are Bittrex, Inc., Bittrex Malta
Holdings Ltd. and Bittrex Malta Ltd.  Bittrex is a regulated
digital assets exchange platform.

At the time of filing, the Debtors estimated consolidated assets of
$500 million to $1 billion in assets and $500 million to $1 billion
in liabilities.

Hon. Brendan Linehan Shannon presides over the cases.

The petitions were signed by Evan Hengel as co-chief restructuring
officer of Bittrex, Inc., Desolation Holdings, LLC, Bittrex Malta
Holdings, Ltd., and Bittrex Malta Ltd.

Young Conaway Stargatt & Taylor, LLP represents the Debtor as
counsel.  Berkeley Research Group, LLC is the Debtors'
restructuring advisor.



DEYO ENTERPRISES: Court OKs Cash Collateral Access Thru May 25
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized Deyo Enterprises, Inc. d/b/a Supercuts, to use cash
collateral on an interim basis in accordance with the budget.

The Debtor requires the use of cash collateral to continue business
operations.

Ameris Bank asserts a duly perfected security interest in all of
the Debtor's property, and assets, including the proceeds thereof,
by virtue of Loan Authorization and Agreement, Note, and Security
Agreement, dated December 2019. The original principal amount of
the loan was $601,500. As of the Filing Date, the Debtor was
indebted to Ameris in the approximate amount of $487,215.

The Small Business Administration asserts a duly perfected security
interest in all of the Debtor's property, and assets, including the
proceeds thereof, by virtue of Loan Authorization and Agreement,
Note, and Security Agreement, dated April 23, 2022. The original
principal amount of the loan was $375,000. As of the Filing Date,
the Debtor was indebted to the SBA in the approximate amount of
$389,878.

The Debtor acknowledges the Debtor's repayment obligations under
the Loan Agreements and that Ameris and the SBA assert secured
interests by, inter alia, liens and security interests in all of
the Debtor's cash and cash equivalents, by virtue of UCC-1
Financing Statement.

In addition to the existing rights and interests of Ameris and the
SBA and for the purpose of adequately protecting Ameris and the SBA
from Collateral Diminution, Ameris and the SBA are granted
replacement liens in the cash collateral, to the extent the liens
were valid, perfected and enforceable as of the Filing Date and in
the continuing order of priority of the Prepetition Liens without
determination as to the nature, extent and validity of said
prepetition liens and claims, and solely to the extent Collateral
Diminution occurs during the Chapter 11 case, subject to:

     (i) the claims of Chapter 11 professionals duly retained and
to the extent awarded pursuant to sections 330 or 331 of the
Bankruptcy Code or pursuant to any monthly fee order entered in the
Chapter 11 case; and

    (ii) the payment of any claim of any subsequently appointed
Chapter 7 Trustee to the extent of $10,000.

The Debtor's authorization to use cash collateral and Ameris and
the SBA's consent thereto, will immediately terminate without
further Order on the earlier of:

     (a) May 25, 2023, at 5:00 P.M. EST;

     (b) the entry of and order granting Ameris, the SBA, or any
party other than Ameris or the SBA, relief from the automatic stay
with respect to any property of the Debtor in which Ameris or the
SBA claims a lien or security interest, whether pursuant to the
Order or otherwise;

     (c) the entry of an order dismissing the Chapter 11 proceeding
or converting the proceeding to a case under Chapter 7 of the Code;


     (d) the entry of an order confirming a plan of reorganization;
or

     (e) the entry of an order by which the Consent Order is
reversed, revoked, stayed, rescinded, modified or amended without
the consent of Ameris or the SBA thereto.

A final hearing on the matter is set for May 25 at 11 a.m.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3MfZBrM from PacerMonitor.com.

The Debtor projects total cash paid out, on a monthly basis, as
follows:

     $61,195 for May 2023;
     $61,195 for June 2023;
     $61,195 for July 2023;
     $61,195 for August 2023; and
     $61,195 for September 2023.

                   About Deyo Enterprises, Inc.

Deyo Enterprises, Inc. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 23-22323-shl) on May
2, 2023. In the petition signed by Valdy Murawski, chief executive
officer, the Debtor disclosed up to $50,000 in assets and up to $1
million in liabilities.

Judge Sean H. Lane oversees the case.

James J. Rufo, Esq., at the Law Office of James J. Rufo, represents
the Debtor as legal counsel.



DIGITAL MEDIA: Receives Noncompliance Notice From NYSE
------------------------------------------------------
Digital Media Solutions, Inc. announced that it received written
notice from the New York Stock Exchange, indicating that the
Company is not in compliance with NYSE's continued listing
standards which require it to maintain an average global market
capitalization of at least $50.0 million over a consecutive 30-day
trading period and, at the same time, a total stockholders' equity
equal to or greater than $50.0 million.

Under NYSE rules, the Company has a period of 45 days from receipt
of the notice to submit a plan advising the NYSE of definitive
actions the Company has taken, or is taking, that would bring it
into compliance with the market capitalization listing standard
within 18 months of receipt of the notice.  The Company plans to
notify the NYSE that it intends to submit a plan to cure the global
market capitalization listing standard deficiency.  The Company is
currently evaluating its available options and developing a plan to
regain compliance with the minimum global market capitalization
requirement.

The notice does not result in the immediate delisting of the
Company's common stock from the NYSE.  The Company's common stock
will continue to be listed and trade on the NYSE during this cure
period, subject to the Company's compliance with other NYSE
continued listing standards.

                        About Digital Media

Headquartered in Clearwater, Florida, Digital Media Solutions, Inc.
(NYSE: DMS) -- https://digitalmediasolutions.com -- is a provider
of data-driven, technology-enabled digital performance advertising
solutions connecting consumers and advertisers within the auto,
home, health, and life insurance, plus a long list of top consumer
verticals.  The DMS first-party data asset, proprietary advertising
technology, significant proprietary media distribution, and
data-driven processes help digital advertising clients de-risk
their advertising spend while scaling their customer bases.

Digital Media reported a net loss of $52.50 million for the year
ended Dec. 31, 2022. As of Dec. 31, 2022, the Company had $227.28
million in total assets, $311.23 million in total liabilities, and
a total stockholders' deficit of $83.95 million.

                             *   *   *

As reported by the TCR on Dec. 16, 2022, S&P Global Ratings lowered
its issuer credit rating on Digital Media Solutions Inc. (DMS) to
'CCC+' from 'B-'.  S&P said, "We view DMS' capital structure as
unsustainable absent sustainable increases in its EBITDA and FOCF.
We do not expect that the company will significantly improve its
credit metrics until 2024.  DMS is dependent on improvements in
macroeconomic conditions and insurance carrier profitability to
support increased ad spending on its platform and additional sales
through its independent insurance agents."


DIV005 LLC: Unsecured Creditors to Split $600K in Joint Plan
------------------------------------------------------------
Div005 LLC and Metal Benders USA, LLC, submitted an Amended
Disclosure Statement for Joint Plan of Reorganization dated May 9,
2023.

As of the Petition Date, the Debtor Div005 was a party to a number
of ongoing construction contracts. Some of the projects required
Div005 to provide a payment and performance bond in connection with
the contract as security for Div005's performance under the
contract.

On February 23, 2023, Endurance timely filed a proof of claim in
the amount of $6,251,069 which represents the penal sum of the
Bonds. Endurance expressly reserved its right to file an amended
proof of claim while it reviewed its books and records to determine
if it paid any claims under the Bonds, incurred any LAE Expenses
and if there were any unpaid Premiums (the "Endurance Claim").

The Endurance Claim shall be treated as a Class 5 Unsecured Claim
under the Plan in the amount of any claims paid by Endurance under
the Bonds in addition to any unpaid premiums and LAE Expenses
associated with the Bonds. Endurance asserts that it holds claims
against Div005and Div005's present and future subsidiaries,
affiliates, successors, executors, trustees, personal
representatives and assigns, and any co-principals, partners or
joint ventures of any Indemnitor or other form of common enterprise
of an Indemnitor (collectively, the "Endurance Indemnitors") based
upon the terms of the Indemnity Agreement and common law rights of
subrogation.

The Debtors acknowledge and assert that nothing in the Plan,
including but not limited to any third-party releases or
exculpation clauses, shall affect in any way Endurance's rights
against any non-debtor entity and/or non-debtor Endurance
Indemnitors relating to any obligations associated with the Bonds
issued by Endurance to Div005 the Indemnity Agreement and common
law rights of subrogation. Endurance is deemed to have opted out of
any release, exculpation and/or injunction provisions of the Plan
that apply or could be interpreted to apply to Endurance and
Endurance's rights or claims in any respect.

The Plan contemplates the reorganization, consolidation, and
ongoing business operations of Debtors and the resolution of the
outstanding Claims against and Interests in Debtors pursuant to
sections 1129(b) and 1123 of the Bankruptcy Code. The Plan
classifies all Claims against and Interests in Debtors into
separate Classes.

Class 4 consists of the first-priority secured claim of Winder
Property Partners, LLC ("WPP") in the approximate amount of
$4,244,895.94 ("Class 4 Secured Claim") in the Div005 Case. On
December 27, 2022, Truist Bank, N.A. filed proof of claim 13
asserting a secured claim in the amount of $9,271,341.14
(consisting of $4,244,895.94 for a line of credit note,
$5,025,195.20 for a term note and $1,250.00 for an equipment line
note) (collectively, the "Class 4 Secured Claim").

As a result of the payment, on April 5, 2023, Truist assigned its
claim to WPP and agreed to WPP's subrogation of Truist's claim on
the Line of Credit Note as a secured claim, including any Proof of
Claim filed. On April 6, the Clerk of Court for the United States
Bankruptcy Court, Northern District of Georgia, filed its Notice of
Filing Proof of Transfer of Claim. No party in interest objected to
the transfer of the claim.

Debtor remains indebted to WPP on the Line of Credit Note and
Security Agreement pursuant to which the Debtor is indebted in the
amount of approximately 4,244,895.94 for a line of credit note. WPP
holds a first priority security interest in all now owned and
hereafter acquired and wherever located property of DIV005 LLC.
Interest shall continue to accrue at the rate of SOFR plus 2.05%
per annum. Upon liquidation or sale of any of the Debtors assets
outside the ordinary course of business, the net proceeds after
payment of customary closing costs including broker fees and other
items customarily attributed to the seller (in a sale) shall be
paid to WPP and applied to the Class 4 Secured Claim.

Class 5 shall consist of the general unsecured claims. Beginning on
December 31, 2023 and continuing on that date each following year
for five years following the Effective Date, Debtors shall pay the
General Unsecured Creditors1 equal annual pro-rata payments in a
total amount of $600,000. The holders of Class 5 Claims are
impaired.

The source of funds for the payments pursuant to the Plan is a
contribution of new value by the Debtor's owners pursuant to Class
7 and on-going operations of the Debtors.

A full-text copy of the Amended Disclosure Statement dated May 9,
2023 is available at https://bit.ly/3MlXgeQ from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     Cameron M. McCord, Esq.
     Thomas T. McClendon, Esq.
     JONES & WALDEN, LLC
     699 Piedmont Avenue, NE
     Atlanta, GA 30308
     Tel: (404) 564-9300

                        About Div005, LLC

Div005, LLC, is primarily engaged in manufacturing iron and steel
pipe and tube, drawing steel wire, and rolling steel shapes, from
purchased steel.

Div005, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 22-21202) on Nov. 23,
2022.  In the petition signed by Harold Lerner, manager, the Debtor
disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Metal Benders USA LLC filed its voluntary petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga.
Case No. 22-21201) on Nov. 23, 2022.  The Debtor estimated up to
$50,000 in assets and $1 million to $10 million in liabilities.
Gary M. Murphey has been appointed as Subchapter V trustee.

Cameron M. McCord, Esq., at Jones & Walden, LLC, serves as the
Debtors' counsel.


DODGE DATA: $455M Bank Debt Trades at 16% Discount
--------------------------------------------------
Participations in a syndicated loan under which Dodge Data &
Analytics LLC is a borrower were trading in the secondary market
around 84.5 cents-on-the-dollar during the week ended Friday, May
12, 2023, according to Bloomberg's Evaluated Pricing service data.


The $455 million facility is a Term loan that is scheduled to
mature on February 22, 2029.  The amount is fully drawn and
outstanding.

Dodge Data & Analytics LLC provides software solutions. The Company
offers analytics and software-based workflow integration solutions
for the construction industry. Dodge Data & Analytics serves
customers in the United States.


DOMINARI HOLDINGS: Appoints Matthew McCullough as General Counsel
-----------------------------------------------------------------
Effective as of May 1, 2023, Matthew B. McCullough, 37, was
appointed as the general counsel of Dominari Holdings Inc.  

Mr. McCullough has served as the Company's outside legal counsel
since Jan. 1, 2023.  Prior to joining the Company, Mr. McCullough
was a corporate lawyer with Ellenoff Grossman & Schole LLP in New
York, New York beginning in July 2015.  In his prior role, his
practice was focused on representing issuers, underwriters,
placement agents, and institutional investors in debt and equity
capital markets transactions.  He received his Bachelor of Science
in Business Administration with a concentration in Finance, cum
laude, from Ramapo College of New Jersey.  Mr. McCullough received
his Juris Doctorate, cum laude, from Brooklyn Law School in 2013.
He is admitted to practice law in the State of New York and is a
member of the New York Bar Association.  He has no family
relationship with any of the executive officers or directors of the
Company.  There are no arrangements or understandings between Mr.
McCullough and any other person pursuant to which he was appointed
as an officer of the Company.

In accordance with the terms of Mr. McCullough's Employment
Agreement with the Company, dated as of May 1, 2023, he will serve
as the Company's general counsel for an initial term of five years.
Mr. McCullough's base salary is $350,000 per year, subject to
regular annual review, payable in accordance with the standard
payroll practices of the Company, and subject to all withholdings
and deductions, as required by law.  The Employment Agreement also
provides for a grant of nonqualified stock options to him under and
subject to the terms of the Company's 2022 Equity Incentive Plan to
purchase shares of the Company's common stock with a fair market
value (as determined under the 2022 EIP) on the grant date of
$100,000, on or before May 31, 2023.  The options have not yet been
granted.  Upon grant, the options will vest in equal amounts over a
period of three years on the anniversary of the grant date, subject
to certain rights of acceleration upon a change of control and as
otherwise provided in the Employment Agreement.  Mr. McCullough is
also entitled to an annual bonus, as determined by the Company's
Compensation Committee, in its sole discretion.  Annual bonuses and
all stock-based compensation are subject to certain clawback rights
as provided in the Employment Agreement.

In addition to the foregoing, within 30 days of the Effective Date,
Mr. McCullough will receive a payment of $100,000 in the form of a
five-year annually amortizing loan with interest at the mid-term
applicable federal rate.  All remaining payments under the Loan
Agreement will become immediately due and payable in the event Mr.
McCullough's employment with the Company is terminated by him or
the Company, either voluntarily or involuntarily, at any time prior
to the loan having been paid in full.  Concurrent with each monthly
anniversary of the loan and provided that Mr. McCullough remains an
employee of the Company at such time, he will receive a bonus
payment equal to the current payment then owed under the Loan
Agreement, less applicable withholding taxes.

Mr. McCullough is also entitled to the payment or reimbursement of
all reasonable out-of-pocket expenses and is also provided with all
health and other benefits provided by the Company to its senior
executive employees.

The Employment Agreement also provides for customary events of
termination of employment and provides that in the event of
termination as a result of Mr. McCullough's death or disability,
Mr. McCullough is entitled to severance consisting of (i) six
months of his then current base salary; (ii) payment on a pro-rated
basis of an annual bonus for the year of termination (which shall
be deemed to equal 50% of his then current base salary); (iii) any
unpaid annual bonus earned for the prior year; and (iv) any other
payments earned in connection with any bonus plan to which Mr.
McCullough was a participant as of the date of death or disability.
In the event of termination of Mr. McCullough's employment (i) as
a result of the non-renewal of the Employment Agreement by the
Company at the end of the then current term, (ii) by Mr.
McCullough, for Good Reason (as such term is defined in the
Employment Agreement), or (iii) by the Company, without Cause (as
such term is defined in the Employment Agreement), then Mr.
McCullough is entitled to the same severance as provided above.
Additionally, if termination is by Mr. McCullough, for Good Reason,
or by the Company, without Cause, or upon a change in control, then
all equity grants held by Mr. McCullough will immediately vest.

                   About Dominari Holdings Inc.

Dominari Holdings Inc. (f/k/a Aikido Pharma Inc.) until recently
was focused primarily on the development of a diverse portfolio of
small-molecule anticancer and antiviral therapeutics and related
patent technology. In September 2022, the Company agreed to
acquire a register ed broker-dealer and transition its primary
business operations to fintech and financial services. Upon the
final closing of this acquisition, the Company's fintech and
financial services business will be operated through its
subsidiary, Dominari Financial Inc.  The Company continues to
develop its therapeutics and related patent technology, as well as
other ventures, through its subsidiary, Aikido Labs, LLC.

Dominari reported a net loss of $22.11 million in 2022, a net loss
of $7.17 million in 2021, a net loss of $12.34 million for the year
ended Dec. 31, 2020, and a net loss of $4.18 million for the year
ended Dec. 31, 2019.  As of Dec. 31, 2022, the Company had $76.24
million in total assets, $2.47 million in total liabilities, and
$73.77 million in total stockholders' equity.

                              *  *  *

This concludes the Troubled Company Reporter's coverage of Dominari
Holdings until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


E-B DISPLAY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Four affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                      Case No.
    ------                                      --------
    E-B Display Company, Inc.                   23-60565
      f/d/b/a E-B Wire Works, Inc.
              FAW Atriadi
    1369 Sanders Avenue SW
    Massillon, OH 44647

    Rotolo Industries, Inc.                     23-60566
    1369 Sanders Ave. SW
    Massillon, OH 44647

    Rotolo Industries, L.L.C.                   23-60567
    1369 Sanders Ave. SW
    Massillon, OH 44647

    Rotolo Investors, L.L.C.                    23-60568
    1369 Sanders Ave. SW
    Massillon, OH 44647

Business Description: E-B Display is a provider of custom
                      displays, retail fixtures, and signage
                      solutions.

Chapter 11 Petition Date: May 12, 2023

Court: United States Bankruptcy Court
       Northern District of Ohio

Judge: Hon. Tiiara Patton

Debtors' Counsel: Christopher Peer, Esq.
                  WICKENS HERZER PANZA
                  35765 Chester Road
                  Avon, OH 44011
                  Tel: (440) 695-8093
                  Email: cpeer@wickenslaw.com

Debtors'
Financial
Advisor:          MANCHESTER RBG

Debtors'
Investment
Banker:           SIGNET CAPITAL ADVISORS LLC

E-B Display's
Estimated Assets: $1 million to $10 million

E-B Display's
Estimated Liabilities: $1 million to $10 million

Rotolo Industries, Inc.'s
Estimated Assets: $1 million to $10 million

Rotolo Industries, Inc.'s
Estimated Liabilities: $1 million to $10 million

Rotolo Industries, L.L.C.'s
Estimated Assets: $0 to $50,000

Rotolo Industries, L.L.C.'s
Estimated Liabilities: $1 million to $10 million

Rotolo Investors, L.L.C.'s
Estimated Assets: $0 to $50,000

Rotolo Investors, L.L.C.'s
Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael S. Rotolo as president.

Full-text copies of the petitions containing, among other items,
lists of the Debtors' 20 largest unsecured creditors are available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/BVWNFOA/E-B_Display_Company_Inc__ohnbke-23-60565__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/GHIZMIQ/Rotolo_Industries_Inc__ohnbke-23-60566__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/GOUT2XQ/Rotolo_Industries_LLC__ohnbke-23-60567__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/GUXCW5I/Rotolo_Investors_LLC__ohnbke-23-60568__0001.0.pdf?mcid=tGE4TAMA


ENDO INTERNATIONAL: Board Taps Latham & Watkins as Special Counsel
------------------------------------------------------------------
Endo International plc seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to employ Latham &
Watkins, LLP as special counsel to the members of its board of
directors.

The firm will provide assessment and analysis of the breach of
fiduciary duty claims contemplated in the motion filed by the
official committees representing unsecured creditors and opioid
claimants for authority to prosecute certain claims on behalf of
Endo International and its affiliates, and any similar claims that
may be asserted against the directors.

Latham & Watkins will be paid at these rates:

     Partners             $1,360 to $2,230 per hour
     Counsel              $1,300 to $1,690 per hour
     Associates           $705 to $1,400 per hour
     Professional Staff   $210 to $1,050 per hour
     Paralegals           $300 to $660 per hour

In addition, the firm will receive reimbursement for out-of-pocket
expenses incurred.

During the 90-day period prior to the petition date, the firm
received payments from the Debtors in the aggregate amount of
$1,360,702.92.

Jason Hegt, Esq., a partner at Latham & Watkins, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Latham
& Watkins disclosed the following:

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

   Response: The firm has agreed to provide a 10 percent discount
on its fees for its services.

   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: With the exception of the firm's joint representation
of Endo International and Blaise Coleman in connection with a
securities class action, Latham & Watkins did not represent the
members of the board prior to the petition date.

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

   Response: Latham & Watkins has provided the Debtors with a
prospective budget and staffing plan setting forth the types of
timekeepers, numbers thereof, and applicable hourly rates it
expects during the Chapter 11 cases, which has been approved by the
Debtors. The budget and staffing plan covers the period from Jan.
16 to April 30, 2023.

Latham & Watkins can be reached at:

     Jason C. Hegt, Esq.
     Latham & Watkins, LLP
     1271 Avenue of the Americas
     New York, NY 10020-1401
     Tel: (212) 906-1200
     Fax: (212) 751-4864

                   About Endo International plc

Endo International plc is a generics and branded pharmaceutical
company. It develops, manufactures, and sells branded and generic
products to customers in a wide range of medical fields, including
endocrinology, orthopedics, urology, oncology, neurology, and other
areas. On the Web: http://www.endo.com/  

On August 16, 2022, Endo International and certain of its
subsidiaries initiated voluntary prearranged Chapter 11
proceedings
(Bankr. S.D.N.Y. Lead Case No. 22-22549). The cases are pending
before Judge James L. Garrity, Jr. The Debtors have put up a Web
site dedicated to its restructuring: http://www.endotomorrow.com/


The Debtors tapped Skadden, Arps, Slate, Meagher & Flom, LLP as
legal counsel; PJT Partners, LP as investment banker; and Alvarez &
Marsal North America, LLC as financial advisor. Kroll Restructuring
Administration, LLC is the claims agent and administrative
advisor.

Roger Frankel, the legal representative for future claimants in
these Chapter 11 cases, tapped Frankel Wyron LLP and Young Conaway
Stargatt & Taylor, LLP as legal counsels, and Ducera Partners, LLC
as investment banker.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on Sept. 2, 2022.  The committee tapped Kramer
Levin Naftalis & Frankel as legal counsel; Lazard Freres & Co. LLC
as investment banker; and Dundon Advisers, LLC and Berkeley
Research Group, LLC as financial advisors.

Meanwhile, the official committee representing the Debtors' opioid
claimants tapped Cooley, LLP as bankruptcy counsel; Akin Gump
Strauss Hauer & Feld, LLP as special counsel; Province, LLC as
financial advisor; and Jefferies, LLC as investment banker.

David M. Klauder, Esq., the court-appointed fee examiner, is
represented by Bielli & Klauder, LLC.


EQUISEK INC: Court OKs Cash Collateral Access Thru July 10
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Massachusetts
authorized Equisek, Inc. to continue using cash collateral on an
interim basis in accordance with the budget through July 10, 2023.

UniBank for Savings and the U.S. Small Business Administration
assert an interest in the Debtor's cash collateral.

As adequate protection to UniBank and the SBA:

     a. The Debtor will grant to UniBank and the SBA continuing
replacement liens and security interests to the same validity,
extent and priority that each would have had in the absence of the
bankruptcy filing;

     b. The Debtor will remain within its Budget, within an overall
margin of 10%.

     c. The Debtor will make monthly adequate protection payments
to UniBank in the amount of $1,624;

     d. The Debtor will make monthly adequate protection payments
to the SBA in the amount of $2,377;

     e. The Debtor make the regular contractual payments due to
Citizens on account of the Vehicle Loan in the amount of $696 per
month; and

     f. Application of payments to principal, interest or otherwise
will be subject to further Court order.

A further hearing on the matter is set for July 10 at 10 a.m.

A copy of the order is available at https://bit.ly/3NWZGS9 from
PacerMonitor.com.

                     About Equisek, Inc.

Equisek, Inc. specializes in daily, weekly and monthly rentals of
computer & audio visual technology.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 23-40048) on January 20,
2023. In the petition signed by Ralph Tirro, president, the Debtor
disclosed $432,840 in assets and $1,066,463 in liabilities.

Judge Elizabeth D. Katz oversees the case.

David B. Madoff, Esq., at Madoff and Khoury LLP, represents the
Debtor as counsel.


F.R. ALEMAN: Court OKs Final Cash Collateral Access
---------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Miami Division, authorized F.R. Aleman and Associates, Inc. to use
cash collateral on a final basis in accordance with the budget.

The Debtor is permitted to use all cash, proceeds, accounts
receivable and other forms of the First National's cash collateral
within the amounts provided in the Debtor's budget, with a 10%
variance on each line item.

First National will have a replacement lien on post-petition cash
collateral of the Debtor to the same extent, validity and priority
as First National's liens on the Petition Date.

In consideration of and as adequate protection for the Debtor's
continued post-petition use of the cash collateral, the Debtor will
pay the regular monthly installment payment due under First
National's loan documents on the date such payment is due.

Additionally, on or before the 20th of each calendar month, the
Debtor will provide First National with a copy of the prior
month’s accounts receivable aging report, profit and loss
statement, and balance sheet.

A copy of the order is available at https://bit.ly/3Bf6mDM from
PacerMonitor.com.

                 About F.R. Aleman and Associates

Miami-based F.R. Aleman and Associates, Inc. filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla.
Case No. 22-18696) on Nov. 10, 2022, with up to $10 million in both
assets and liabilities. Aleida Martinez-Molina has been appointed
as Subchapter V trustee.

Judge Laurel M. Isicoff oversees the case.

Hoffman Larin & Agnetti, Leto Law Firm and De La Hoz Perez &
Barbeito, P.A. serve as the Debtor's bankruptcy counsel, special
counsel and accountant, respectively.



FIRST REPUBLIC: Warren Slams Bonuses, Stock Sales
-------------------------------------------------
U.S. Senator Elizabeth Warren (D-Mass.) on May 4, 2023, sent a
letter to First Republic Bank’s former CEO Michael J. Roffler,
inquiring about his and First Republican executives' mismanagement
of the bank, their lobbying for weaker rules, and their
compensation and stock sales. On May 1, after the bank failed,
First Republic Bank was taken over by the FDIC and ultimately
acquired by JP Morgan Chase.

In the months before the Senate passed the Economic Growth,
Regulatory Relief, and Consumer Protection Act in 2018, First
Republic Bank spent hundreds of thousands of dollars lobbying
Congress in support of rolling back the regulations enacted by the
Dodd-Frank Act. Just three months before its failure, the bank was
still advocating for weaker regulation and supervision by the
Federal Reserve.

"Following the passage of that law, your predecessor as CEO, James
H. Herbert, gave over $2.1 million in campaign contributions to
supporters of the law," wrote Senator Warren.  "You joined the call
for deregulation of your bank on January 23, 2023, writing to the
Federal Reserve and the Federal Deposit Insurance Corporation
(FDIC) in opposition to proposals to strengthen capital and
resolution requirements."

Prior to its collapse, First Republic had developed a business
model based on ultra-low interest long-term loans to the wealthy in
order to gain access to their savings and other accounts.  This
model left First Republic unprepared to weather the Federal
Reserve's rapid interest rates increases that started in early 2022
– and the bank's risk managers failed to identify or address
these risks.  Moreover, in the months leading up to the bank's
collapse, top executives began selling millions of dollars worth of
company stock, totaling $11.8 million worth of stock so far this
year.

"You owe your customers and the public an explanation for the
decisions that resulted in the costly failure of your bank -- the
second largest bank failure in the nation's history -- the extent
to which you lobbied against rules that could have prevented this
failure, and the extent to which you and other bank executives
profited even as the bank teetered towards collapse," concluded
Senator Warren.

Senator Warren is asking for additional information about the gross
mismanagement that resulted in the bank's failure and the extent to
which Mr. Roffler and other bank executives earned huge salaries
and bonuses while leading the bank towards failure no later than
May 17, 2023.

Senator Warren is a leading voice on the financial system, holding
bank executives accountable for gross mismanagement and advocating
for critical regulations to protect consumers, the financial
system, and the economy:

      * On May 3, 2023, Senators Warren, Chair of the Senate
Banking, Housing, and Urban Affairs Subcommittee on Economic
Policy, and John Kennedy (R-La.), Ranking Member of the Economic
Policy Subcommittee, sent a letter to Mark Bialek, the Inspector
General of the Federal Reserve (Fed), inviting him to testify at
their hearing next week on the Fed’s role overseeing Silicon
Valley Bank (SVB) before its failure and to consider legislative
reforms that strengthen transparency and accountability at the
Fed.

      * On April 28, 2023, following the Fed’s report on SVB’s
failure, Senator Warren released a statement calling on the Fed to
immediately adopt stricter bank oversight and called out Chair
Powell’s failure to supervise and regulate banks that posed a
systemic risk to the economy.

      * On April 10, 2023, Senator Warren and Representative
Alexandria Ocasio-Cortez (D-N.Y.) sent a letter to 14 of the
largest depositors at Silicon Valley Bank (SVB), raising questions
about reports of the failed bank's "coddling" and "white glove"
treatment of its largest venture capitalist (VC) depositors, their
executives, and startup firms, and those firms' decision to hold
huge, uninsured accounts at the bank.

      * On March 31, 2023, Senator Warren and Thom Tillis (R-N.C.)
led a bipartisan group of senators to reintroduce the Financial
Regulators Transparency Act, bipartisan legislation that would
subject regional Federal Reserve Banks to the Freedom of
Information Act (FOIA) and ensure their responsiveness to
congressional and public information requests.

      * On March 30, 2023, Senators Warren, Richard Blumenthal
(D-Conn.), and Tammy Duckworth (D-Ill.) sent a letter to Michael
Barr, Vice Chair for Supervision of the Federal Reserve, Martin
Gruenberg, Chairman of the Federal Deposit Insurance Corporation,
and Michael Hsu, Comptroller of the Currency, urging the banking
regulators to establish strong bank capital requirements to protect
consumers and preserve the safety and soundness of the banking
system.

      * On March 29, 2023, Senators Warren and Catherine Cortez
Masto (D-Nev.), both members of the Senate Banking, Housing, and
Urban Affairs Committee, Josh Hawley (R-Mo.), and Mike Braun
(R-Ind.) introduced the Failed Bank Executives Clawback Act –
bipartisan legislation that would require that, in the event of a
bank failure, federal regulators claw back all or part of the
compensation received by bank executive in the five-year period
preceding the failure.

      * On March 22, 2023, Senators Warren and Rick Scott (R-Fla.)
introduced bipartisan legislation to require a
presidentially-appointed and Senate-confirmed Inspector General to
the Board of Governors of the Federal Reserve System and the Bureau
of Consumer Financial Protection.

      * On March 22, 2023, Senator Warren led 11 senators in a
letter to Fed's Vice Chair for Supervision, Michael Barr, calling
on him to exercise the Fed's authority to apply stronger regulation
and supervision to banks with assets totaling $100 to $250 billion.


      * On March 16, 2023, Senator Warren sent a letter to Fed
Chair Powell, criticizing his leadership failures at the Fed that
directly contributed to the failures of SVB and Signature Bank, and
the significant risk to the banking system and the economy
unleashed by those collapses.

      * On March 15, 2023, Senator Warren delivered a speech on the
Senate Floor about the failures of SVB and Signature, spoke about
her new legislation, the Secure Viable Banking Act, which would
reverse the mistakes that Congress and President Trump made with
rollbacks of Dodd-Frank

      * On March 14, 2023, Senator Warren sent a letter to ex-SVB
CEO Greg Becker, asking for answers about his and SVB lobbyists’
efforts to roll back Dodd-Frank rules prior to the collapse of the
bank.

      * On March 14, 2023, Senator Warren called on Chair Powell to
recuse himself from the Fed’s review of the SVB failure.

      * In December 2022, Senator Warren and then-Senator Pat
Toomey (R-Pa.) introduced the bipartisan Financial Regulators
Transparency Act, legislation that would strengthen Federal Reserve
accountability and ensure that no financial regulator can withhold
critical ethics-related information from Congress.

                       About First Republic

First Republic Bank is a commercial bank and provider of wealth
management services headquartered in San Francisco. It caters to
high-net-worth individuals. It operates 93 offices in 11 states
primarily in New York, California, Massachusetts, and Florida.

CBS News reports that the sudden collapse of Silicon Valley Bank
(SVB) on March 10, 2023, along with New York's Signature Bank two
days later, has shaken investor confidence in regional lenders like
$213 billion First Republic.  In particular, concern has focused on
such lenders' uninsured deposits, or account funds exceeding the
Federal Deposit Insurance Corp.'s $250,000 cap.

First Republic Bank on March 16, 2023, received a $30 billion
rescue package from 11 of the biggest U.S. banks in an effort to
prevent its collapse. JPMorgan Chase, Bank of America, Citigroup
and Wells Fargo have agreed to each put $5 billion in uninsured
deposits into First Republic. Meanwhile Morgan Stanley and Goldman
Sachs would deposit $2.5 billion each into the bank. The remaining
$5 billion would consist of $1 billion contributions from BNY
Mellon, State Street, PNC Bank, Truist and US Bank.

First Republic has tapped investment bank Lazard Ltd to help it
explore strategic options, the Wall Street Journal reported.

The Federal Deposit Insurance Corporation announced May 1, 2023,
that First Republic Bank, San Francisco, California, was closed by
the California Department of Financial Protection and Innovation,
which appointed the FDIC as receiver.  To protect depositors, the
FDIC entered into a purchase and assumption agreement with JPMorgan
Chase Bank, National Association, Columbus, Ohio, to assume all of
the deposits and substantially all of the assets of First Republic
Bank.


FIRSTCASH HOLDINGS: S&P Alters Outlook to Stable, Affirms 'BB' ICR
------------------------------------------------------------------
S&P Global Ratings revised FirstCash Holdings Inc.'s outlook to
stable from negative and affirmed its 'BB' issuer credit rating and
senior unsecured notes rating. The recovery rating on the debt is
still '3', reflecting its expectation of meaningful recovery (50%)
in a simulated default scenario.

The stable outlook reflects S&P's expectation that FirstCash will
operate with leverage of 2.0x-3.0x over the next 12 months.

S&P said, "The outlook revision stems from FirstCash's
stronger-than-expected performance in 2022 and our expectation that
the company will continue to delever over the next 12 months.
FirstCash ended 2022 with leverage of 3.2x. Following strong
first-quarter earnings, leverage declined to 2.9x. Over the next 12
months, we expect debt to EBITDA of 2.0x-3.0x and EBITDA interest
coverage of 6.0x-8.0x. Our forecast doesn't assume any meaningful
changes to the outstanding debt balance through either paydowns or
additional debt."

FirstCash's revenue increased 61% in 2022 on the AFF acquisition
and higher pawn segment income. Revenue for 2022 was $2.7 billion
versus $1.7 billion in 2021, and adjusted EBITDA grew 40% in 2022
to $528 million from $379 million in 2021. The increase in earnings
came in large part from AFF, which FirstCash purchased at the end
of 2021 for $1.17 billion--a transaction that was financed through
a mix of equity and new debt. The added debt initially increased
leverage to 4.2x, but in 2022, revenue contributions from the
acquisition helped to reduce leverage.

S&P said, "We expect revenue and EBITDA to continue growing in 2023
benefiting from increased demand for pawn loans and higher
origination volumes at AFF. Economic conditions--including
inflation, high interest rates, and a potential recession--will
continue to support pawn demand. We also expect the company to
steadily add new pawn stores in Latin American and the US, as well
as new merchant partnerships in AFF. Therefore, we project revenue
will increase 8%-13% in 2023, with EBITDA margins remaining stable
at 19%-21%. We also forecast that the company will generate robust
revenue and earnings growth into 2024.

"The stable outlook reflects S&P Global Ratings' expectation that
over the next 12 months, FirstCash's debt to EBITDA will remain at
2.0x-3.0x.

"We could lower the rating if large debt-funded initiatives,
weaker-than-expected markets, or adverse regulatory changes hurt
the company's credit measures. Specifically, we could lower the
rating if debt to EBITDA exceeds and is sustained above 3.0x
because of lower-than-expected profitability or an increase in
debt-funded spending.

"We could raise the rating if leverage, as measured by debt to
adjusted EBITDA, falls and stays below 2.0x. We could also raise
the rating if the company improves its business and geographic
diversity, while expanding EBITDA and maintaining its margins."



FRANCHISE GROUP: S&P Places 'B+' ICR on CreditWatch Negative
------------------------------------------------------------
S&P Global Ratings placed all of its ratings on U.S.-based
Franchise Group Inc. (FRG) on CreditWatch with negative
implications, including the 'B+' issuer credit rating.

S&P plans to resolve the CreditWatch after receipt of additional
information from the company.

The CreditWatch with negative implications reflects the probability
that S&P could lower the ratings if it believes Franchise Group
will sustain S&P Global Ratings-adjusted leverage above 5x
following the close of the transaction. Members of its senior
management team, led by CEO Brian Kahn (with affiliates and related
parties of the senior management team) in financial partnership
with a consortium that includes B. Riley Financial Inc. and
Irradiant Partners, will acquire the approximately 64% of the FRG's
issued and outstanding common stock that the group does not already
own or control. The transaction has an enterprise value of
approximately $2.6 billion, including net debt and outstanding
preferred stock. Under terms of the proposed deal, FRG common
stockholders will receive $30 cash for each share of common stock.
The FRG consortium has stated it has received definitive financing
commitments from third-party lenders and institutional investors,
including B. Riley Financial and Irradiant, to finance a portion of
the purchase price.

Upon completion of the proposed transaction, FRG will become a
private company and no longer be publicly listed or traded. S&P
expects its management team to continue to lead the company and
that the deal will close in the second half of 2023. Franchise
Group had a weak first quarter (ended April 1, 2023) with adjusted
EBITDA by company calculations down to $66 million from $112
million a year ago. FRG said it could not recommend that the board
declare its regular quarterly dividend due to restrictions in its
credit agreements. Specifically, leverage is above the ratio that
permits dividends. Revenues were down 2.7% from the last quarter,
driven by weak performance in the home furnishing segments, mainly
American Freight and Badcock. S&P expects continued headwinds in
the segment will pressure margins in 2023.

S&P will resolve the CreditWatch after it receives additional
information from FRG. S&P will analyze its financial plan and
discuss financial policies with management. S&P could affirm the
ratings or lower them one notch.

FRG is a franchisor and operator of franchised businesses. FRG
operates six segments: Vitamin Shoppe, American Freight, Pet
Supplies Plus, Sylvan Learning, Buddy's Home Furnishings, and
Badcock Home Furniture.

ESG credit indicators: E-2, S-2, G-2



FREE SPEECH: Jones Used Bankruptcy to Delay Hook Defamation Trial
-----------------------------------------------------------------
Rob Ryse of News Times reports that Alex Jones used bankruptcy to
delay Sandy Hook defamation trial in Texas and his lawyer must pay
$97,000, according to the judge handling the bankruptcy case.

Alex Jones filed for bankruptcy for the first time in 2022 to delay
the start of a defamation awards trial in Texas for the parents of
a slain Sandy Hook boy.  And for that bad faith delay, Jones'
lawyer has been ordered to pay $97,000 to the parents' attorneys,
the judge ruled.

"Our clients are pleased that Mr. Jones' attorney will have to pay
for his ridiculous antics," said Mark Bankston, lead attorney for
Neil Heslin and Scarlett Lewis. They were awarded $49 million in
August once Jones' first bankruptcy was bounced from federal court
and the Texas defamation trial was conducted.

Jones' Texas attorney Andino Reynal on Friday, May 5, 2023, told
Hearst Connecticut Media that he was debating the cost of an
appeal, arguing that he was not the attorney who filed the
bankruptcy for three Jones' shell companies just days before the
defamation trial was to start for Heslin and Lewis.

Reynal was referring to a late April decision by Travis County
District Court Judge Maya Guerra Gamble ordering Reynal to pay the
Sandy Hook parents' attorney $63,000 in bankruptcy court costs and
a $25,000 fine for "false pleadings, groundless removal and bad
faith disruption of trial," among other charges.

Guerra Gamble also ruled that Reynal would have to pay an
additional $115,000 "should an appeal of the court's ruling be
undertaken."

The sanctions against Jones' Texas attorney are the latest fallout
from two high-profile defamation awards trials involving Sandy Hook
families in 2022.

The second was the $965 million award that a Waterbury jury ordered
Jones to pay to eight Sandy Hook families and an FBI agent, after
Jones called the slaying of 26 first graders and educators at Sandy
Hook Elementary School "staged," "synthetic," "manufactured," "a
giant hoax" and "completely fake with actors."  The Connecticut
judge who oversaw the monthlong trial in Waterbury tacked on
another $473 million that Jones had to pay families in punitive
damages and attorney's fees.

While Jones fights for survival in personal bankruptcy court, the
focus has turned on motions to punish his lawyers in Texas and
Connecticut over misconduct allegations. In January 2023, state
Superior Court Judge Barbara Bellis suspended the Connecticut law
license for six months of high-profile New Haven attorney Norm
Pattis for his role as Jones' attorney in sharing confidential
medical records of Sandy Hook families with Reynal.

Pattis is appealing that decision. Reynal was not sanctioned by
Bellis for his role in the Sandy Hook families' medical records
leak, "despite (the court's) finding of misconduct on the part of
(Reynal)," Bellis wrote. However if Reynal wants to apply to a
judge to represent a case in Connecticut, Reynal must disclose
Bellis’ 45-page ruling.

Meanwhile, a jury trial to determine how much Jones must pay the
parents of another Sandy Hook boy who was slain in the 2012 mass
school shooting has been scheduled for October in Texas.

"Any court that reviewed this decision would see that is is not
supported by the facts or the law," Reynal said Friday, May 5,
2023.

                     About Free Speech Systems

Free Speech Systems LLC is a broadcast media production and
distribution company that provides broadcasting aural programs by
radio to the public.  Free Speech Systems is a family-run business
founded by Alex Jones.

FSS is presently engaged in the business of producing and
syndicating Jones' radio and video talk shows and selling products
targeted to Jones' loyal fan base via the Internet.  Today, FSS
produces Alex Jones' syndicated news/talk show (The Alex Jones
Show) from Austin, Texas, which airs via the Genesis Communications
Network on over 100 radio stations across the United States and via
the internet through websites including Infowars.com.

Due to the content of Alex Jones' shows, Jones and FSS have faced
an all-out ban of Infowars from mainstream online spaces.  Shunning
from financial institutions and banning Jones and FSS from major
tech companies began in 2018.

Conspiracy theorist Alex Jones has been sued by victims' family
members over Jones' lies that the 2012 Sandy Hook Elementary School
shooting was a hoax.

Jones' InfoW LLC and affiliates, IWHealth, LLC and Prison Planet
TV, LLC, filed petitions under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 22-60020) on April
18, 2022.

The Debtors agreed to the dismissal of the Chapter 11 cases in June
2022 after the Sandy Hook victim families dismissed the three
bankrupt companies from their lawsuits.

Free Speech Systems filed a voluntary petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex.
Case No. 22-60043) on July 29, 2022.  In the petition filed by W.
Marc Schwartz, as chief restructuring officer, the Debtor reported
assets and liabilities between $50 million and $100 million.
Melissa A Haselden has been appointed as Subchapter V trustee.

Alexander E. Jones filed for personal bankruptcy under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 4:22-bk-60043) on
Dec. 2, 2022, listing $1 million to $10 million in assets against
liabilities of $1 billion to $10 billion in liabilities.

Raymond William Battaglia, of Law Offices of Ray Battaglia, PLLC,
is FSS's counsel.  Raymond W. Battaglia and Crowe & Dunlevy, P.C.,
led by Vickie L. Driver, Christina W. Stephenson, Shelby A. Jordan,
and Antonio Ortiz are representing Alex Jones.


FTX GROUP: Shaq Seeks to Quash Summons as Inadequate
----------------------------------------------------
Peter Blumberg of Bloomberg News reports that Shaquille O'Neal is
calling foul on the lawyers who chased him for months to serve a
lawsuit accusing the basketball legend of duping investors in FTX
crypto exchange.

Chucking legal documents at the front of O'Neal's car as he drove
quickly through the gates of his Georgia home doesn't count as
properly serving a lawsuit, his attorneys say.

The seven foot-one inch former Los Angeles Lakers star and NBA
commentator known as Shaq is among numerous celebrities targeted in
a suit claiming they funneled investors into a Ponzi scheme by
promoting FTX's unregistered securities.

                      About FTX Group     

FTX is the world's second-largest cryptocurrency firm.  FTX is a
cryptocurrency exchange built by traders, for traders.  FTX offers
innovative products including industry-first derivatives, options,
volatility products and leveraged tokens.

Then CEO and co-founder Sam Bankman-Fried said Nov. 10, 2022, that
FTX paused customer withdrawals after it was hit with roughly $5
billion worth of withdrawal requests.

Faced with liquidity issues, FTX on Nov. 9 struck a deal to sell
itself to its giant rival Binance, but Binance walked away from the
deal amid reports on FTX regarding mishandled customer funds and
alleged US agency investigations.

At 4:30 a.m. on Nov. 11, Bankman-Fried ultimately agreed to step
aside, and restructuring vet John J. Ray III was quickly named new
CEO.

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.

FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year.  According to Reuters, SBF
shared a document with investors on Nov. 10, 2022, showing FTX had
$13.86 billion in liabilities and $14.6 billion in assets.
However, only $900 million of those assets were liquid, leading to
the cash crunch that ended with the company filing for bankruptcy.

The Hon. John T. Dorsey is the case judge.

The Debtors tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Landis Rath & Cobb, LLP as local counsel; and Alvarez & Marsal
North America, LLC as financial advisor. Kroll is the claims agent,
maintaining the page https://cases.ra.kroll.com/FTX/Home-Index

The Official Committee of Unsecured Creditors tapped Paul Hastings
as counsel, FTI Consulting, Inc., as financial advisor, and
Jefferies LLC as the investment banker. Young Conaway Stargatt &
Taylor LLP is the Committee's Delaware and conflicts counsel.

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.
White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation.  Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.


GHOST TRAIN: Asset Sale Proceeds to Fund Plan Payments
------------------------------------------------------
Ghost Train Brewing Company, Inc., filed with the U.S. Bankruptcy
Court for the Northern District of Alabama a Small Business
Subchapter V Plan dated May 8, 2023.

The Debtor is engaged in the business of operating a brewery and
taproom in Birmingham, Alabama with distribution across the states
of Alabama, Mississippi and Florida ("Business").

The Debtor's revenues were dramatically reduced, and its costs were
increased, as a direct result of the Covid-19 pandemic that
occurred just as the Debtor was attempting to grow and expand the
Business.

The Debtor negotiated and entered into an Asset Purchase Agreement
dated May 8, 2023 with PCI GT Brewing LLC, an Alabama limited
liability company, ("Purchaser") ("APA").

Pursuant to and as more particularly described in the APA, the
Purchaser will purchase substantially all of the assets of the
Debtor (as defined in the APA, the "Acquired Assets"), free and
clear of all liens, claims, interests and encumbrances (the
"Sale"), in consideration for, (i) the assumption of substantially
all of the secured indebtedness owed by the Debtor to its primary
lender, ServisFirst Bank, (ii) Purchaser's assumption of the
Assumed Liabilities, (iii)credits to Purchaser for the DIP
Revolving Credit Facility to Debtor in the maximum principal amount
of $200,000, and (iii) a cash payment in an amount equal to the sum
of the aggregate Cure Costs for the Assigned Contracts and Assigned
Leases and the sum of the Debtor's priority tax claims.

The APA also contemplates that the Purchaser will enter into an
employment agreement (the "Employment Agreement") with the Debtor's
principal, Taylor DeBoer, which agreement will, among other things,
include a non-compete covenant by DeBoer in favor of Purchaser.

The Debtor determined the best way to deliver free and clear title
to the Acquired Assets to the Purchaser and to consummate the Sale
was to seek protection under chapter 11 and to implement the
transaction pursuant to a confirmed Subchapter V Plan.

This Plan proposes to pay creditors of the Debtor from the Sale of
the Acquired Assets.

Class 5 consists of all non-priority unsecured claims. The Debtor
does not anticipate that there will be funds available and
therefore it is not expected that Class 5 claims will receive a
recovery under the plan. Class 5 is impaired under the Plan.

Class 6 is comprised of all equity interests in the Debtor, which
are owned by Mr. DeBoer. All equity interests in the Debtor will be
terminated on the effective date, and no holder of an equity
interest shall receive a distribution.

A full-text copy of the Subchapter V Plan dated May 8, 2023 is
available at https://bit.ly/3nVOZon from PacerMonitor.com at no
charge.

Debtor's Counsel: C. Taylor Crockett, Esq.
                  C. TAYLOR CROCKETT, P.C.
                  2067 Columbiana Road
                  Birmingham, AL 35216
                  Tel: (205) 978-3550
                  Fax: (205) 978-3556
                  Email: taylor@taylorcrockett.com

                        About Ghost Train

Ghost Train Brewing Company, Inc. is engaged in the business of
operating a brewery and taproom in Birmingham, Alabama with
distribution across the states of Alabama, Mississippi and Florida
("Business"). The Debtor filed Chapter 11 Petition (Bankr. N.D.
Ala. Case No. 23-01225) on May 8, 2023. C. Taylor Crockett, Esq. of
C. TAYLOR CROCKETT, P.C. is the Debtor's Counsel.

In the petition signed by David Taylor DeBoer, president, the
Debtor disclosed $1,982,061 in assets and $8,398,094 in
liabilities.


GHOST TRAIN: Seeks $200,000 DIP Loan from PCI GT
------------------------------------------------
Ghost Train Brewing Company, Inc. asks the U.S. Bankruptcy Court
for the Eastern District of Missouri, Eastern Division, for
authority to use the cash collateral of ServiFirst Bank and obtain
postpetition financing from PCI GT Brewing LLC.

The postpetition financing is a revolving credit facility whereby
the Lender will lend amounts as the Debtor may request and which
the Lender may accept in its sole and absolute discretion;
provided, however, the total principal amount outstanding at any
time will not exceed $175,000 on an interim basis and $200,000 on a
final basis.

The DIP Loan Agreement matures through the earlier of July 3, 2023,
or upon a Termination Event as set forth in the DIP Loan
Agreement.

The events that constitute an "Event of Default" include:

     1. The Debtor's payment default;
     2. The Debtor's representations or warranties prove to be
untrue or inaccurate;
     3. The Debtor's failure to perform covenants in the DIP Loan
Agreement;
     4. The Debtor seeks to amend, supplement, stay, vacate, or
modify Financing Order;
     5. The Debtor contests to the Lender's Security Interest; and
     6. The Debtor objects to the Lender's claim.

The Debtor does not have adequate liquidity to pay all operating
expenses in the Chapter 11 case. Most notably, the Debtor will be
unable to pay employee wages or costs of brewing materials and
other necessary supplies without the DIP Financing.

As adequate protection for the use of cash collateral, ServisFirst
Bank will be granted the following forms of adequate protection to
the extent of any diminution in value of its interests in cash
collateral:

     1. Replacement lien in and on the Debtor's assets to the same
extent and priority as ServisFirst's liens existing as of the
Petition Date; provided, for sake of clarity, as set forth, (x) the
DIP Security Interests granted to the Lender shall be senior and
prior to the ServisFirst Replacement Liens with respect to all
"Accounts" and other Collateral that arise from or relate to the
Debtor" s business operations on or after the Petition Date; and
(y) ServisFirst will have no lien on claims or causes of action
under 11 U.S.C. Sections 544, 547, 548, 549, 550, 553, or the
proceeds thereof.

      2. ServisFirst is granted an administrative claim equal to
the amount of accounts receivable paid to the Debtor that arise
from services provided prior to the Petition Date it is determined
that the Debtor received and failed to deliver to ServisFirst
post-petition, less a credit for any post-petition account proceeds
actually delivered to ServisFirst by the Debtor, that will have
priority (except with respect to the Carve-Out and DIP
Super-Priority Claim) under sections 11 U.S.C. 503(b) and 507(b)
over all unsecured claims against the Debtor and its estates, now
existing Bankruptcy Code over an unsecured claims against the
Debtor and its estates; provided, the DIP Super-Priority Claim will
be senior and prior to the ServisFirst Administrative Claim for all
purposes.

A copy of the motion is available at https://bit.ly/3nLEyDN from
PacerMonitor.com.

              About Ghost Train Brewing Company, Inc.

Ghost Train Brewing Company, Inc. is engaged in the business of
operating a brewery and taproom in Birmingham, Alabama with
distribution across the states of Alabama, Mississippi and
Florida.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ala. Case No. 23-01225) on May 8,
2023. In the petition signed by David Taylor DeBoer, president, the
Debtor disclosed $1,982,061 in assets and $8,398,094 in
liabilities.

C. Taylor Crockett, Esq., at C. Taylor Crockett, Esq., represents
the Debtor as legal counsel.



HIGHWATER GROUP: Court OKs Cash Collateral Access Thru July 12
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Northern Division, authorized Highwater Group LLC to use cash
collateral on an interim basis in accordance with the budget,
through July 12, 2023.

The Debtor requires the use of cash collateral to pay expenses it
incurs during the ordinary course of business.

The main reasons for filing the Debtor's Chapter 11 bankruptcy case
were the high monthly obligations on business loans and
insufficient cash flow to satisfy these payments. The Debtor also
had accounting issues in the past, which it has since resolved by
setting up an accounting system with Quickbooks to ensure timely
filings of all required returns and tax deposits.

The Debtor is actively working to open new revenue streams through
the use of its liquor license, which will allow the Debtor to
provide beer, wine, and cocktails at events such as weddings,
concerts, and other gatherings, as well as direct sales of alcohol
on any property without a permanent liquor license already in
place. This will be a great source of additional revenue for the
Debtor as the Debtor is among few holders of type 58 license in the
San Luis Obispo County that can provide full liquor service for
events.

The Debtor's secured creditors, in the priority of UCC-1
recordings, are :

     1. Kingswood Leasing with an estimated balance of $14,793 in
connection with a commercial equipment lease agreement. Kingswood
does not have an interest in Debtor's cash collateral. Its interest
is limited to the tangible personal property items identified on
Schedule A/B, item #50. The Debtor is current with the monthly
payments to Kingswood and will continue to make the payments on
time.

     2. CA Coastal Rural Development Corp. with an estimated
balance of $292,969. UCC-1 Statement was filed on February 24,
2022.

     3. Itria Ventures, LLC with an estimated balance of $17,383.
UCC-1 Statement was filed on October 4, 2022.

     4. Wolters Kluwer Lien Solutions (agent for a secured creditor
whose information is not known at this time); UCC-1 Statement was
filed on November 8, 2022.

     5. Toast Capital LLC with an estimated balance of $14,645.
UCC-1 Statement was filed on November 15, 2022.

The Debtor's priority unsecured creditors include California
Department of Tax and Fees for approximately $51,664, Employment
Development Department for approximately $38,396, and Internal
Revenue Service for approximately $112,871.

The Debtor's unsecured creditors include vendors, utilities,
repairs, cancellation fee, and April rent, with an estimated total
balance of $31,632.

The Court said the Debtor must timely file all sales tax and
payroll tax returns that are due between now and May 16, 2023 and
provide a copy to Cal Coastal's counsel within 24 hours of the
filing and timely submit all sales tax payments and payroll tax
payments when due and provide evidence to Cal Coastal's counsel
within 24 hours.

The Debtor is directed to pay $2,500 adequate protection payment to
Cal Coastal.

A continued hearing on the matter is set for July 12 at 2 p.m.

A copy of the motion is available at https://bit.ly/42kcaYu from
PacerMonitor.com.

A copy of the order is available at https://bit.ly/3LP8wPn from
PacerMonitor.com.

                       About Highwater Group

Highwater Group LLC filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Calif. Case No. 23-10245) on Jan. 30, 2023, with as much as
$500,000 in assets and $500,001 to $1 million in liabilities.

Judge Ronald A. Clifford, III oversees the case.

The Debtor tapped the Law Offices of Michael Jay Berger as
bankruptcy counsel.



IEH AUTO PARTS: Seeks to Extend Plan Exclusivity to September 28
----------------------------------------------------------------
IEH Auto Parts Holding and its affiliates ask the U.S. Bankruptcy
Court for the Southern District of Texas to extend their
exclusivity periods to file a Chapter 11 plan and to solicit
acceptances thereof to September 28, 2023 and November 28, 2023,
respectively.

Absent the relief requested, the Debtors' filing exclusivity
period terminates on May 31, 2023, and the solicitation
exclusivity period expires on July 31, 2023.

The Debtors explained that their substantial progress in their
Chapter 11 case supports the extension of the exclusivity periods.
The Debtors claim that over the last few months they have
undertaken a number of significant steps to ensure the swift
confirmation of their Chapter 11 plan, including the following:

   1) On April 19, 2023, the Debtors, along with American
      Entertainment Properties Corp., and the official committee
      of unsecured creditors in these chapter 11 cases, filed,
      and the Court entered, the stipulation and agreed order
      appointing Judge David R. Jones as a mediator to negotiate
      a consensual resolution of certain issues and disputes
      relating to the Plan, the final order approving the DIP
      Facility, and sale of the Debtors' assets. With the
      guidance of the Judge David R. Jones, the Parties reached a
      settlement embodied in the Order Approving the Settlement
      Between the IEH Debtors, AEP, PEP Boys, the Committee, and
      the Committee Members.

   2) On May 2, 2023, the Debtors filed the First Amended
      Combined Disclosure Statement and Joint Plan of Liquidation
      of IEH Auto Parts Holding LLC and Its Debtor Affiliates
      Pursuant to Chapter 11 of the Bankruptcy Code.

   3) On May 2, 2023, the Court entered an order conditionally
      approving the Disclosure Statement and authorized the
      Debtors to solicit votes on the Plan.

   4) On May 3, 2023, the Court entered the Final Order (I)
      Authorizing Post-Petition Financing Secured by Senior
      Liens, (II) Authorizing the Debtors to Use Cash Collateral;
      (III) Granting Adequate Protection, and (IV) Granting
      Related Relief.

IEH Auto Parts Holding and its affiliates and its affiliates are
represented by:

          Matthew D. Cavenaugh, Esq.
          Veronica A. Polnick, Esq.
          Vienna Anaya, Esq.
          Emily Meraia, Esq.
          JACKSON WALKER LLP
          1401 McKinney Street, Suite 1900
          Houston, TX 77010
          Tel: (713) 752-4200
          Email: mcavenaugh@jw.com
                 vpolnick@jw.com
                 vanaya@jw.com
                 emeraia@jw.com

                 About IEH Auto Parts Holding

IEH Auto Parts Holding, LLC -- https://autoplusap.com/ --
distributes automotive products.  It offers equipment, tools,
accessories, paint, and related products in the automotive
aftermarket. The company serves customers in the United States.

IEH Auto Parts Holding and its affiliates filed a petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas
Lead Case No. 23-90054) on Feb. 1, 2023. In the petition filed by
their chief executive officer, John Michael Neyrey, the Debtors
reported between $100 million and $500 million in both assets and
liabilities.

Judge Christopher M. Lopez oversees the cases.

The Debtors tapped Jackson Walker, LLP and The Law Office of Liz
Freeman, PLLC as legal counsels; Lincoln International, LLC as
investment banker; Portage Point Partners, LLC as restructuring
advisor; and B. Riley Real Estate, LLC as real estate advisor.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
Kane Russell Coleman Logan, PC is the committee's legal counsel.


IMA FINANCIAL: S&P Assigns 'B' Rating on $200MM 1st-Lien Term Loan
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' issue rating to IMA Financial
Group Inc.'s $200 million incremental first-lien term loan. S&P
also assigned a '3' recovery rating, indicating its expectation of
meaningful recovery (50%-70%; rounded estimate: 50%) in the event
of a payment default. The proposed offering is nonfungible with the
company's existing first-lien term loan but will have the same
November 2028 maturity date. S&P expects the company will use the
proceeds to fund acquisitions and repay its drawn revolver balance.
The ratings on IMA--including its 'B' long-term issuer credit
ratings and 'B' first-lien credit facility debt ratings--are
unaffected by the financing.

S&P said, "We believe the company performed well in the 12 months
through March 31, 2023, achieving organic growth of 15% and
reported revenue growth of 37% (to $525 million from $382 million),
with top-line growth bolstered by acquisition activity that we
expect to persist through 2024. For the same period, EBITDA margin
was 20.9% (per our calculations), reflecting moderate expansion
compared with the prior-year period.

"Our assessment of the company's financial risk continues to assume
a debt-intensive capital structure, consisting of a combination of
debt and debt-like instruments. Including this transaction, we
estimate pro forma adjusted financial leverage and EBITDA coverage
to be 7.5x and 2.2x annualized (using current variable benchmark
rates), respectively, for the 12 months ended March 31, 2023. We
expect modest improvement for full-year 2023 on continued earnings
momentum, with financial leverage around 7x or below and EBITDA
coverage near 2.5x. While these metrics are below our prior
run-rate expectations for full-year 2023 (6.0x-6.5x and
2.5x–3.0x, respectively) due to a lag between liquidity build and
deployment, higher-than-expected contingent consideration
development, and a step-up in base interest rates, they remain in
line with our current rating."



IMV INC: Obtains CCAA Initial Stay Order; To Sell Assets
--------------------------------------------------------
IMV Inc., Immunovaccine Technologies and IMV USA Inc. ("IMV) sought
and obtained from the Supreme Court of Nova Scotia, an initial
order under the Companies' Creditors Arrangement Act.  Pursuant to
the initial order, FTI Consulting Canada Inc. has been appointed as
monitor.

A copy of the initial order and other public information concerning
IMV's proceedings under the CCAA can be found on the Monitor's
website at http://cfcanada.fticonsulting.com/imvor may obtained by
contacting the Monitor at:

   FTI Consultant Canada Inc.
   79 Wellington Street West
   Suite 2010
   Toronto, Ontario M5k 1G8
   Tel: 416-649-8121
   Toll Free: 1-833-860-8353
   Email: imv@fticonsulting.com

IMV also intends to seek approval of the proposed sale and
investment solicitation process ("SISP") in respect of its business
and asset.  Information pertaining to he proposed SISP will be
posted on the Monitors's website following Court approval.

IMV Inc. -- https://www.imv-inc.com -- is a clinical-stage
immuno-oncology company advancing a portfolio of therapies based on
the Company's immune-educating platform: the DPX technology.


IRON MOUNTAIN: S&P Rates New $1BB Senior Unsecured Notes 'BB-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to Iron Mountain Inc.'s (IRM; BB-/Stable/--)
proposed $1 billion senior unsecured notes due in 2029. The '3'
recovery rating reflects S&P's expectation of meaningful (50%-70%;
rounded estimate: 50%) recovery in our simulated default scenario.

S&P said, "We view the transaction as roughly neutral for leverage
and cash flow neutral, and it improves the company's available
liquidity as IRM intends to use the proceeds to repay a portion of
its outstanding revolver balance. We expect the new notes will bear
an interest rate in line with the rate it is currently paying on
revolver borrowings. Following the transaction, total liquidity
will improve to about $1.94 billion."

IRM's operating performance in the first quarter of 2023 was in
line with expectations as strong growth in its record management
and data center businesses were partially offset by sluggish
performance and substantial component pricing declines in the
company's asset lifecycle management business (ALM). S&P said, "We
now expect adjusted net leverage in the 6.0x-6.2x range in 2023,
slightly above our previous forecast from December 2022 for
5.8x-6.0x, which reflects a modest reduction in our forecasted 2023
EBITDA from weaker ALM segment performance and a negative impact
from foreign exchange rates as well as an increase in net debt due
to our revised EBITDA forecast and slightly higher interest rates.
Still, we believe the company can support modest incremental
leverage above 6x at the 'BB-' rating level if it continues to grow
at an accelerated rate and it uses its elevated capex capital
expenditure levels primarily to fund stable, pre-leased data center
growth."

ESG credit indicators: E-2, S-2, G-2



J.A.R. CONCRETE: Seeks Bankruptcy After 65 Years in Business
------------------------------------------------------------
Sara Sanchez of El Paso Inc. reports that a stalled $22 million
project is at the heart of a brewing clash between J.A.R. Concrete
and the Camino Real Regional Mobility Authority that has led the
company to file for Chapter 11 bankruptcy protection.

Joe Rosales Jr., the owner of J.A.R., alleges that the Pellicano
roadway expansion project the company was working on was mismanaged
by the CRRMA and that the agency didn't pay J.A.R. between July and
December 2022.

"We worked on that project during that period, the entire time,
despite not being paid, until the CRRMA wrongfully terminated
J.A.R.'s contract," Rosales told El Paso Inc in an interview April
28. "Not only was the termination not justified they failed to
follow the procedural requirements in their own contracts."  

Rosales said problems with the project included the CRRMA not
securing rights-of-way for J.A.R. to perform work and utility poles
and lines in the way of the working area.

The CRRMA sent J.A.R. a default letter and notification of a claim
against the company's performance bond on Dec. 22, 2022.

Earlier that month, the CRRMA sent J.A.R. a warning letter, asking
the company to complete work, including project recovery schedules;
steel, base and subgrade work; ordering parts and traffic control.

In March 2023, J.A.R. Concrete filed for bankruptcy in the U.S.
Bankruptcy Court Western District of Texas.  Raymond Telles,
executive director of the CRRMA, said that the bankruptcy puts
everything on hold, including pursuing the default and performance
bond claim.

On Friday, May 5, 2023, the CRRMA filed a motion for relief of stay
in J.A.R.'s bankruptcy case for the Pellicano widening project.

"Further delay benefits no one and harms only businesses along
Pellicano Drive, their customers, and the citizens of El Paso
County, all of whom will continue to grapple with increased traffic
and frustrating delays on that roadway for as long as the project
remains unfinished," the motion states.

The Pellicano project, a county road, is being funded through a
combination of money from vehicle registration fees and federal
sources, Telles said.

He said they couldn't issue the payment because J.A.R. couldn't
prove they were paying their subcontractors and suppliers.

"When you have a federally funded program, you have a lot more
requirements that are necessary before issuing a payment to a
contractor," Telles said. "In order to pay, they have to show you
they've paid subs and suppliers for the prior month."

Rosales or his attorney did not respond to a request for a response
to the payment reporting issue.

According to the bankruptcy filing, there are 41 secured creditors
and 136 general unsecured creditors in the case. A plan is due on
June 12, 2023.

Court documents show J.A.R. Concrete has just over $7 million in
total liabilities and $6 million in personal property.

The Pellicano project, a construction zone creating headaches for
many in nearby Far East neighborhoods, remains on hold. Telles said
the CRRMA is working to get new developments connected to utilities
and provide traffic relief.

"I get a lot of calls from businesses and residents in the area,"
Telles said. "We don't know when we're going to be able to hire a
new contractor, don't know when surety is going to come online to
resume work."

Rosales said J.A.R. has had to adjust to slower business. The
company, founded by Joe Rosales in the early 1960s, has about 100
employees.

"You're thinking you're gonna generate $22 million over 18 months
and you do half of that amount because you don't have the working
area available to you, it was a tremendous impact," Rosales said.

He said the company plans to reorganize and remain in business. He
also intends to fight the CRRMA in the courts and alleges the
mobility authority is trying to hide the mismanagement of the
project by blaming J.A.R.

"It is a shame that a public entity is conducting itself in this
matter and attempting to destroy an El Paso family-owned business
that has been an excellent corporate citizen in this community for
over 65 years," Rosales said.

                      About J.A.R. Concrete

J.A.R. Concrete, Inc., a company in El Paso, Texas, filed its
voluntary petition for Chapter 11 protection (Bankr. W.D. Texas
Case No. 23-30242) on March 14, 2023, with as much as $1 million to
$10 million in both assets and liabilities.  Joe A. Rosales, Jr.,
president and sole director and shareholder of J.A.R. Concrete,
signed the petition.

E.P. Bud Kirk, Esq., a practicing attorney in El Paso, Texas,
serves as the Debtor's bankruptcy counsel.


JENNY CRAIG: Will Liquidate After Sale Effort Failed
----------------------------------------------------
Erin Hudson and Reshmi Basu of Bloomberg News report that weight
loss brand Jenny Craig Inc. will soon begin liquidating its US
operations, according to people familiar with the matter, who asked
not to be named because the matter is private.

The wind-down punctuates a failed sale effort for the US-based
weight-loss services provider, which had been searching for a way
to rework $250 million of debt amid cash flow pressures, Bloomberg
reported in March 2023. By late April 2023, the company was headed
for liquidation unless a buyer turned up, Bloomberg reported.

                       About Jenny Craig

Based in Carlsbad, California, Jenny Craig, Inc., often known
simply as Jenny Craig, is an American weight loss, weight
management, and nutrition company.  The company has more than 700
weight management centers in Australia, the United States, Canada,
and New Zealand.  On the Web: http://jennycraig.com/


JIM'S ALL SEASONS: Files Emergency Bid to Use Cash Collateral
-------------------------------------------------------------
Jim's All Seasons LLC asks the U.S. Bankruptcy Court for the
Northern District of Ohio for authority to use cash collateral and
provide adequate protection.

The Debtor needs to continue operating to act as a
Debtor-in-Possession and ultimately to reorganize.

ODK Capital claims a security interest in the Debtor's assets in
the amount of $158,077. The Debtor disputes the validity of the
alleged security interest because of an insufficient description of
the collateral.

The Debtor proposes to use cash collateral for purposes which
include:

     (a) Care, maintenance and preservation of the Debtor's
assets;
     (b) Payment of necessary payroll and other business expenses;
     (c) Purchase of goods and services, including inventory; and
     (d) Continued business operations.

There is insufficient time for a full hearing to be held before the
Debtor must use cash collateral. If the Motion is not considered on
an expedited basis and if the Debtor is denied the ability to
immediately use cash collateral, there will be a direct and
immediate material and adverse impact on the continuing operation
of the Debtor's business and on the value of its assets.

As adequate protection, the Debtor proposes to pay to ODK Capital
upon the entry of an order permitting the use of cash collateral on
the first day of June 2023 and each month thereafter in the amount
of $1,500.

A copy of the order is available at https://bit.ly/3VOoFce from
PacerMonitor.com.

                    About Jim's All Seasons LLC

Jim's All Seasons LLC provides tree care services. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. N.D. Ohio Case No. 23-11101) on April 6, 2023. In the
petition signed by James Chapman, managing member, the Debtor
disclosed $286,000 in assets and $1,237,922 in liabilities.

Judge Jessica E. Price Smith oversees the case.

Glenn E. Forbes, Esq., at Forbes Law LLC, represents the Debtor as
legal counsel.


JUSTICE SAND: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------
Justice Sand Co. asks the U.S. Bankruptcy Court for the Southern
District of Texas, Galveston Division, for authority to use cash
collateral and provide adequate protection.

The Debtor requires the use of cash collateral to continue
operations.

Emergency consideration is requested because the Debtor depends on
the use of cash collateral for payroll, manufacturing, supplies,
and other general operating expenses. If the Debtor is unable to
use cash collateral, it will be forced to cease operations.

A search in the Texas Secretary of State shows that allegedly
secured positions in cash collateral are held by:

     (1) Community Bank of Texas (aka Stellar Bank);
     (2) CT Corporation (Unknown Creditor);
     (3) U.S. Small Business Administration;
     (4) FinWise Bank; and
     (5) Gulf Coast Stabilized Materials.

The Debtor requests authority to use cash collateral for expenses
set forth on the budget and any other unforeseeable expenses that
may arise and pose a threat to the Debtor's continued operations.
Specifically, the Debtor requests authority to use the cash
collateral to pay up to 110% of each expense, so long as the total
of cash collateral spent during the month does not exceed by more
than 5% of that month's total.

A copy of the motion is available at https://bit.ly/44Kv5NO from
PacerMonitor.com.

A copy of the budget is available at https://bit.ly/3puQ07b from
PacerMonitor.com.

The Debtor projects $260,000 in cash receipts and $217,604 in cash
disbursements for 30 days.

                   About Justice Sand Co., Inc.

Justice Sand Co., Inc. is a family-owned and operated company that
manufactures and provides a variety of construction materials and
site work to commercial and residential customers.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-80085) on May 8,
2023. In the petition signed by Rush Claxton, president, the Debtor
disclosed $1,800,713 in assets and $2,975,864 in liabilities.

Judge Jeffrey P. Norman oversees the case.

Robert C. Lane, Esq., at the Lane Law Firm, represents the Debtor
as legal counsel.



KALI'S COURT: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------
Kali Court, LLC asks the U.S. Bankruptcy Court for the District of
Maryland, Baltimore Division, for authority to use cash collateral
on an interim basis including the payment of wages.

The Debtor requires the use of cash collateral to fund its ongoing
operations in accordance with the budget, with a 20% variance.

The Debtor filed its Bankruptcy Petition on an emergency basis in
order to preserve and have renewed its liquor license with the
State of Maryland. It is the Debtor's understanding that as the
result of the timely filing of the Bankruptcy Petition, the
Comptroller's office is now renewing the Debtor's liquor license.

The Debtor, at the time the Bankruptcy Petition was filed, did owe
monies to its employees. These employees include the Debtor's
manager, cooks, servers, and hosts.

The Debtor, because of COVID-19 and other market pressures, was
losing monies but has been paying its current bills since April 1
when the weather became warmer and the restaurant business
increased with people going out to restaurants downtown. In
addition, the restaurants have scheduled events in the next two
months which will be profitable and will require employees,
requiring the use of cash collateral in the general operation of
the Debtor's restaurant business affairs.

On October 10, 2014, Sysco Baltimore, LLC filed a UCC-1 securing,
including potentially cash and account receivable of the Debtor to
secure all of the Debtor's obligations to Sysco.

Sysco supplies food to the Debtor's restaurant operation and is
paid almost immediately at the time of delivery. At the time of the
Debtor's filing, the Debtor believes it owed Sysco $4,300.

On March 21, 2022, the United States Small Business Administration
filed a UCC-1 securing, including potentially cash and account
receivable of the Debtor to secure all of the Debtor's obligations
to the SBA.

The SBA provided an emergency loan to support the Debtor's
restaurant operations during and after COVID-19. At the time of the
Debtor's filing, the Debtor believes it owed the SBA $500,000.

As adequate protection of the security interest asserted by Sysco
and the SBA level in cash collateral, Sysco and the SBA will be
granted a security interest of the same priority and to the same
extent as its pre-petition security interest in Sysco and the SBA
collateral, and any profit, offspring, and proceeds after acquired,
to the extent of the Debtor's use of such cash collateral. The
security interest granted will become duly perfected without the
necessity for filing or execution of documents which might
otherwise be required pursuant to applicable non-bankruptcy law for
the creation or perfection of such security interest.

A copy of the motion is available at https://bit.ly/3NTVAu3 from
PacerMonitor.com.

                      About Kali Court, LLC

Kali Court, LLC is a Maryland limited liability company operating
two restaurants in Fells Point, Baltimore, Maryland. It trades
under the names, Fells Point Tavern and Mezze.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 23-13178) on May 6, 2023.
In the petition signed by Vasilios Keramidas, managing member, the
Debtor disclosed up to $10 million in assets and up to $1 million
in liabilities.

Robert B. Scarlett, Esq., at Scarlett & Croll, P.A., represents the
Debtor as legal counsel.



KJ TRADE: Wins Final Cash Collateral Access
-------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia,
Atlanta Division, authorized KJ Trade Ltd Inc. to use cash
collateral on a final basis in accordance with the budget, with a
15% variance.

The Debtor requires access to cash to pay its labor force, purchase
inventory and pay other operating expenses.

Magoo Financial, the U.S. Small Business Administration, Shopify
Capital Inc., Corporation Service Company, as representative, CT
Corporation System, as representative, AJ Equity Group, LLC,
Redstone Advance, and First Corporate Solutions as representative,
assert a lien or security interest in the Debtor's cash
collateral.

The SBA asserts a first priority lien on the Debtor's cash
collateral pursuant to a pre-petition loan in the amount of
approximately $1.5 million.

As adequate protection, the Respondents are granted replacement
liens in the Debtor's assets of the same type as the Respondent's
pre-petition collateral to the extent the Debtor's use of the
Respondents' cash collateral results in a decrease in value of
their interest in the property.

As further adequate protection, the Respondents reserve any right
to seek administrative claims under 11 U.S.C. sections 503(b)(1),
507(a), and 507(b).

These events constitute an "Event of Default":

     (i) The conversion or dismissal of the case; or

    (ii) The appointment of a trustee or an examiner with expanded
powers in the case; and

   (iii) The Debtor's failure to comply with the Final Cash
Collateral Order.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3O9sdEv from PacerMonitor.com.

The Debtor projects total operating expenses, on a monthly basis,
as follows:

     $1,285,668 for May 2023;
     $1,501,161 for June 2023;
     $1,590,062 for July 2023; and
     $1,490,062 for August 2023.

                    About KJ Trade Ltd Inc.

KJ Trade Ltd Inc. is an affordable, luxury lifestyle women's
swimwear e-commerce brand doing business as Matte Collection.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 23-51681) on February 21,
2023. In the petition signed by Justinz Wilkerson, chief executive
officer, the Debtor disclosed up to $500,000 in assets and up to
$10 million in liabilities.

Judge Jeffery W. Cavender oversees the case.

Leslie M. Pineyro, Esq., at Jones & Waldern LLC, represents the
Debtor as legal counsel.



KKR REAL ESTATE: S&P Downgrades ICR to 'B+', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings lowered its issuer credit and senior secured
debt ratings on KKR Real Estate Finance Trust Inc. (KREF) to 'B+'
from 'BB-'. The outlook is stable.

S&P said, "The downgrade reflects our expectation that KREF will
operate with leverage of 5.0x-6.5x. Debt to ATE rose to 5.2x as of
March 31, 2023, from 5.0x as of year-end 2022 and 4.3x as of March
31, 2022. Proforma for its upcoming $144 million convertible
maturity in May 2023, we expect leverage to be 5.10x-5.15x.
Moreover, KREF is required to distribute at least 90% of taxable
income annually as a REIT, limiting its ability to lower leverage
through retained earnings growth. In addition to rising leverage,
the firm has some large loan exposures relative to equity, with the
largest investment and top five investments making up 29% and 101%,
respectively, of adjusted total equity (ATE)."

High interest rates have stressed CRE markets over the past year,
contributing to higher cap rates and lower property valuations and
weighing on CRE lenders. KREF's internal risk ratings have migrated
lower and specific reserves have increased, reflecting the
portfolio's weakening credit performance. Sequentially, the
company's asset quality has deteriorated as loans with a risk
rating of '4' or higher increased to about $1.1 billion as of March
31, 2023, from $935 million on December 31, 2022. As of March 31,
2023, KREF's portfolio had two risk-rated '5' loans with an
outstanding principal balance of $347.4 million (4.3% of the
portfolio's total outstanding principal), excluding two fully
written-off risk-rated '5' loans with a combined principal balance
of $30.5 million. 90% of the '4' and '5' risk-rated loan value is
in office properties, a sector that continues to underperform given
a secular decline in office space requirements.

Due to weakening of its loan portfolio, KREF increased its current
expected credit losses (CECL) reserve by $60.4 million in the first
quarter of 2023 and guides that over half of the total reserve of
$172 million is attributable to risk-rated '5' loans. Additional
write-downs or specific reserve increases would likely reduce
profitability and erode equity further. S&P expects loan
modifications and extensions may be made for some borrowers, and
for KREF to use repayments primarily to bolster liquidity while
credit conditions remain strained.

S&P said, "We view KREF's sponsor partnerships and asset mix as
supportive of the rating, despite its exposure to office (25% of
total loan exposure as of March 31, 2023). We positively view the
company's diversified and primarily non-mark-to-market funding,
adequate liquidity, and its association with KKR. Of the total $6.3
billion outstanding financing principal balance, 24% is subject to
credit-only margin calls and are partially recourse (25%) to the
company.

"We expect the firm to maintain adequate liquidity to meet its
funding needs on an ongoing basis. As of March 31, 2023, KREF had
$637 million estimated future funding obligations due within one
year. As of March 31, 2023, KREF had $254 million in cash on
balance sheet, $99.6 million in unencumbered senior loans, $28.1
million available under its financing agreements based on existing
collateral, and $610 million available on its corporate revolver.

"The stable outlook over the next 12 months reflects our
expectation -- that despite challenging conditions in CRE markets--
KREF will maintain adequate liquidity to meet its ongoing funding
needs, asset quality will not deteriorate meaningfully, and
leverage to be 5.0x-6.5x.

"We could lower the rating over the next 12 months if KREF's
liquidity deteriorates through margin calls from its repurchase
facilities, asset quality of its portfolio deteriorates
substantially through increased provision for loan losses, or if it
sustains leverage above 6.5x.

"We could raise the rating over the next 12 months, if leverage is
sustained well below 5.0x while CRE market conditions improve,
asset quality remains relatively stable, and liquidity stays
sufficient."



LA BELLE FRANCE: Court OKs Interim Cash Collateral Access
---------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
authorized La Belle France, LLC, to use cash collateral on an
interim basis in accordance with the budget.

The Debtor is authorized to use cash collateral for the purposes of
satisfying prepetition payroll obligations and associated payroll
taxes and insurance for the Debtor's employees due May 5, 2023, for
the period from April 17 through April 28, 2023.

As previously reported by the Troubled Company Reporter, prior to
the Petition Date, the Debtor entered into a new agreement to lease
a space located at 613 Industry Drive, Tukwila, WA. The Debtor
anticipates relocating to the new space on or before May 15, 2023.

The Debtor disburses payroll bi-weekly, with the next payroll set
to occur on May 5, 2023. The payroll includes prepetition hours
worked from April 17 through April 28. For that reason, the Debtor
seeks approval to pay the pre-petition payroll on the scheduled
date of May 5 in the approximate amount of $7,075.

Based on a UCC search performed on March 3, 2023, the Debtor has
identified six secured creditors with a potential interest in cash
collateral. Based on the dates of the UCC-1 filings, the Debtor
believes Banner Bank is in first position as to collateral followed
by the US Small Business Administration.  The Debtor believes there
is not sufficient collateral to secure the other claims as
referenced.

As adequate protection, the Court grants the parties with an
interest in the cash collateral replacement liens in the Debtor's
post-petition cash, accounts receivable and inventory, and the
proceeds of each of the foregoing, to the same extent and priority
as any duly perfected and unavoidable liens in cash collateral held
by the secured creditors as of the petition date, to the extent
that any cash collateral of the secured creditors are actually used
by the Debtor.

A final hearing on the matter is set for June 8, 2023 at 11 a.m.

A copy of the order is available at https://bit.ly/44J5mFC from
PacerMonitor.com.

                    About La Belle France, LLC

La Belle France, LLC manufactures organic skin care and body care
products to wholesale customers, including independent stores,
boutiques, and large retailers. La Belle France also sells its
products direct to retail customers online, via its website.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Wash. Case No. 23-10781-MLB) on April
28, 2023. In the petition signed by Philip Grimes, managing member,
the Debtor disclosed up to $500,000 in assets and up to $1 million
in liabilities.

Judge Marc Barreca oversees the case.

Thomas D. Neeleman, Esq., at Neeleman Law Group, P.C., represents
the Debtor as legal counsel.



LEGACY CARES: Court OKs $9MM DIP Loan From UMB Bank
---------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona authorized
Legacy Cares, Inc. to use cash collateral and obtain postpetition
financing, on an interim basis.

As previously reported by the Troubled Company reporter, Cares
sought authority to enter into a debtor-in-possession financing in
the amount of up to $9 million with UMB Bank, N.A., as trustee.
About $1.6 million will be made available upon emergency financing
approval.

The DIP Facility will have a maturity date of the earlier of (a)
September 30, 2023, (b) the closing date of any restructuring or
sale of substantially all of Cares' assets pursuant to an order
entered by the Bankruptcy Court, and (c) the confirmation of a plan
of reorganization or liquidation for Debtor in the Chapter 11 Case,
subject to acceleration in the event of default.

Cares is obligated to UMB as trustee for certain holders of
municipal bonds issued to fund the development of the Legacy Park
sports park facility and entertainment complex. As of the Petition
Date, the Debtor owes the bondholders $310.3 million. These
obligations, in turn, are secured by a perfected, first-position
lien on (a) Cares' leasehold interest under its Ground Lease with
Pacific Proving; (b) the structures and other improvements at the
Park; (c) the revenues generated by the Park; and (d) Cares'
personal property.

Pursuant to the Indenture of Trust, dated as of August 1, 2020, by
and between the Arizona Industrial Development Authority and UMB
Bank, N.A., as trustee, the IDA issued Economic Development Revenue
Bonds Tax-Exempt Series 2020A, Economic Development Revenue Bonds,
Taxable Series 2020B, and Economic Development Revenue Bonds,
Tax-Exempt Turbo Redemption Series 2020C, to make a loan to Cares
to finance the cost of the acquisition, construction, improvement
or equipping of the Park.

The Development Loan was in the aggregate principal amount of
$250.770 million, of which $212.960 million was to accrue interest
at the rate of interest due on the 2020A Bonds, $6.810 million was
to accrue interest at the rate of interest due on the 2020B Bonds,
and $31 million was to accrue interest at the rate of interest due
on the 2020C Bonds.

Following construction of Legacy Park, a number of contractors,
suppliers and materialman recorded mechanic's liens against the
Park. The former general contractor on the project, Okland
Construction, has asserted the largest claim in the approximate
amount of $24 million. All told, approximately 21 ML Claimants have
asserted mechanic's liens aggregating approximately $37 million,
although some liens appear to be duplicative.

In 2022, the ML Claimants filed multiple actions in Maricopa
Superior Court seeking foreclosure of their liens against Cares'
interest in Legacy Park.

According to the Bankruptcy Court, the Debtor may use the UMB cash
collateral on an interim, emergency basis to make payroll in the
amount of $411,264 with UMB's consent. The interim use of cash
collateral is fully protected by the terms of the DIP Credit
Facility and the Interim Order.

To secure the obligations evidenced by the DIP Credit Facility on
an interim basis, UMB is granted continuing, valid, binding,
enforceable, non-avoidable and automatically and properly perfected
postpetition security interests and liens on (i) all property of
the estate with the same priority as UMB's liens had on the
Petition Date, and (ii) junior liens on all property of the estate,
and (iii) senior liens on all property of the estate that was
unencumbered on the Petition Date.

To adequately protect UMB with respect to the Debtor's use of cash
collateral, all liens of UMB will attach to collateral acquired by
Debtor after the bankruptcy filing to the extent that, and in the
priority of, UMB's liens on the Petition Date.

A final hearing on the matter is set for May 25 at 1 p.m.

A copy of the order is available at https://bit.ly/3NSLbiu from
PacerMonitor.com.

                     About Legacy Cares, Inc.

Legacy Cares, Inc. is a 501c3 non-profit organization dedicated to
providing athletes and non-athletes of all ages, economic
backgrounds and levels of athletic proficiency, the opportunity to
participate in sports and e-sports while fostering the enjoyment
and camaraderie of teamwork and perseverance, key components in
athletic competition and lifetime success.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 23-02832) on May 1, 2023.
In the petition signed by Douglas Moss, president, the Debtor
disclosed $242,329,104 in assets and $366,719,676 in liabilities.

Judge Daniel P. Collins oversees the case.

Henk Taylor, Esq., at Warner Angle Hallam Jackson Formanek PLC,
represents the Debtor as legal counsel.



LIFESCAN GLOBAL: $275M Bank Debt Trades at 38% Discount
-------------------------------------------------------
Participations in a syndicated loan under which LifeScan Global
Corp is a borrower were trading in the secondary market around 62.1
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $275 million facility is a Term loan that is scheduled to
mature on October 1, 2025.  The amount is fully drawn and
outstanding.

Lifescan Global Corporation is a provider of blood glucose
monitoring systems for home and hospital use.



LIGADO NETWORKS: $117M Bank Debt Trades at 19% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Ligado Networks LLC
is a borrower were trading in the secondary market around 81.3
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $117.6 million facility is a Term loan that is scheduled to
mature on May 27, 2023.  The amount is fully drawn and
outstanding.

Ligado Networks LLC operates as a special purpose entity. The
Company provides mobile satellite coverage, as well as develops
innovative solutions that will accelerate 5G and IoT network
deployments.



MADERA COMMUNITY HOSPITAL: Could Lose License, Risk Its Future
--------------------------------------------------------------
Yesenia Amaro of The Fresno Bee reports that a new concern has
emerged for a group of citizens including doctors in Madera — the
license for their community's shuttered hospital is set to expire
on May 26, 2023. The Madera Community Hospital closed its doors in
January and filed for bankruptcy in March 2023. Dr. Mohammad
Ashraf, who is a specialist in cardiovascular disease, said the
hospital owes a license fee of $100,000 before the license expires
in the next three weeks. According to a license detail search on
the California Department of Health Care Access and Information,
the effective date for the Madera Community Hospital license was
May 27, 2022 and it's set to expire on May 26, 2023. The license
status is currently listed as "suspense."

Ashraf said if the hospital loses its license, potential investors
won't be interested in buying it and reopening its much-needed
facilities. "If we lose the license, we're gone," Ashraf told The
Bee. Ashraf said he and other doctors and community members have
been concerned over the licensing issue. If the hospital lost its
license, he said, it would have to start over in applying for a new
license. "The requirements are so stringent," he said, "that it
would take at least a year to get the license. It’s a very
lengthy process."

Riley Walter, the bankruptcy attorney for the Madera hospital,
agreed that if the hospital license expires it will make the
situation more difficult. Walter said "regulators promised to 'do
everything to help,' so we will see." "There is no doubt reopening
will be more costly if the license expires," he told The Bee. "MCH
is making effort to have interested parties either support an
extension or put up the money for the license. The state could be
helpful in extending the deadline." Walter said it would be harder
to reopen the hospital under the same rules before the loss of
license.

Ashraf, and others who are worried about the Madera hospital losing
its license, said there are four potential options, and they hope
one of them will work out. They hope that either the state will
provide a 90-day extension for the license; or that the $100,000
licensing fee can be paid through the hospital's bankruptcy
process; or that the state will waive the fee for at least six
months; or that private citizens, including local doctors, will
pitch in to raise the needed $100,000 in time to pay the licensing
fee. "The state has to do something," Ashraf said. "People are
dying." Since the closure of the Madera hospital, two of Ashraf's
patients with heart problems have died. One of the patients died en
route to a hospital in Fresno and the other one died waiting for an
ambulance at a Madera nursing home. In addition to Ashraf's
patients' deaths, at least two other adult patients have died at
Valley Children's Hospital since January after being transported to
the children's hospital because it was the closest receiving
hospital in the absence of an acute care hospital in Madera.
RESPONSES FROM LEGISLATOR’S OFFICE, GOVERNOR'S OFFICE Alexis
Xochitl Manzanilla, communication's director and legislative aide
for Assemblywoman Esmeralda Soria, D-Fresno, said as long as
Assembly Bill/Senate Bill 112 is signed into law by Gov. Gavin
Newsom, "the state will take into account extending the license and
providing financial assistance to the hospital." Soria "shares
their concerns," Manzanilla said of the Madera citizens including
Ashraf, "and is working with the governor to find a solution to
this licensing issue."

AB/SB 112, which would create an emergency loan program with $150
million available for hospitals experiencing financial hardship
across the state, was approved in both legislative houses last
week. In February 2023, Soria introduced AB 412 to establish the
emergency loan program, but it was included into AB/SB 112 to speed
up the process. The piece of legislation is now pending Newsom’s
approval and signature. The Governor's Office referred questions to
state health officials who handle hospital licensing. A
spokesperson with the California Department of Public Health said
the department "intends to work" with the Madera hospital
"regarding its state license as they work to identify a potential
partner to reopen the hospital." But the spokesperson would not say
if an extension will be granted. Ashraf said Trinity Health, owner
and operator of Saint Agnes Medical Center in Fresno, has already
received $8 million through the Madera hospital's bankruptcy
process. Trinity Health had made a $15.4 million loan to the Madera
hospital, making it the largest creditor in the bankruptcy.

"They (Saint Agnes) wanted their money first," Ashraf said, before
any other creditor got paid, which is why he and others are hoping
the state will come to the rescue with the $100,000 licensing fee
for the Madera hospital. But even if the license issue is cleared,
then there's the hospital certification that would need to be
addressed. The U.S. Centers for Medicare and Medicaid Services
certifies health care facilities for payments related to Medicare
and Medicaid, known as Medi-Cal in California. It wasn't
immediately clear on Sunday what the certification status for the
Madera hospital is or if it has been terminated.

              About Madera Community Hospital

Madera Community Hospital operates a general medical and surgical
hospital in Madera, Calif.

Madera Community Hospital sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 23-10457) on
March 10, 2023. In the petition signed by its chief executive
officer, Karen Paolinelli, the Debtor disclosed $50 million to $100
million in assets and $10 million to $50 million in liabilities.

Judge Rene Lastreto II oversees the case.

The Debtor tapped Riley C. Walter, Esq., at Wanger Jones Helsley,
as bankruptcy counsel and McCormick Barstow LLP and Ward Legal,
Inc. as special counsels.


MAGENTA BUYER: $3.18B Bank Debt Trades at 16% Discount
------------------------------------------------------
Participations in a syndicated loan under which Magenta Buyer LLC
is a borrower were trading in the secondary market around 84.2
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $3.18 billion facility is a Term loan that is scheduled to
mature on July 27, 2028.  The amount is fully drawn and
outstanding.

Magenta Buyer LLC is a provider of cybersecurity software that
derives revenue from the sale of security products, subscriptions,
SaaS, support and maintenance, and professional services.



MATHIS & MATHIS: Unsecureds Will Get 26.9 Cents on Dollar in Plan
-----------------------------------------------------------------
Mathis & Mathis, Inc., submitted a Second Amended Plan of
Reorganization dated May 9, 2023.

The Plan proposes to pay all plan funding to non-priority unsecured
claimants after payment in full of all administrative claims.

There are no secured claims or priority claims. The total proposed
plan funding is $160,000.00 over the five-year plan term. Based on
current estimations of administrative claims, it is anticipated
that there will be approximately $82,540.55 to be paid toward
unsecured creditors' allowed claims. This provides an outcome to
creditors superior to that which could be obtained in a Chapter 7
case.

The estate's assets consist of two bank accounts containing a total
of approximately $20,000.00 at this time, with accounts receivable
currently having a face amount of $85,185.08 and a liquidation
value of approximately 50% of that, or $42,592.54, office furniture
valued at $100.00 computers and servers valued at $500.00 and a
2010 Lexus 250h valued at $3,000.00, as well as four insurance
policies that cannot be liquidated. This liquidation amount would
not produce anything near the proposed plan funding.

The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of $159,046.00. The final
Plan payment is expected to be paid on May 1, 2028.

This Plan of Reorganization proposes to pay creditors of the Debtor
from the present and future cash flow generated by its business.

Non-priority unsecured creditors holding allowed claims will
receive distributions, which the proponent of this Plan estimates
will be $82,540.55. Total unsecured nonpriority claims as listed on
Schedule F are $176,675.31. The claims filed in the case plus those
listed as uncontested on the schedules total $307,115.36, thus the
plan provides a payout of approximately 26.9 cents on the dollar to
unsecured creditors. This Plan provides for the payment of
administrative claims in full.

Class 3 consists of Non-Priority Unsecured Claims. Debtor shall
make payments to fund the Plan in the amount of $6,000.00 per
quarter for the 1st year of the Plan, $7,000.00 per quarter for the
2nd year of the Plan, $8,000.00 per quarter for the 3rd year of the
Plan, $9,000.00 per quarter for the 4th year of the Plan and
$10,000.00 per quarter for the 5th year of the Plan. Class 3
unsecured creditors shall be paid pro rata the remaining plan
funding after completion of payment of the administrative expense
claims in full.

Administrative claimants are projected to be paid in full
approximately 3 years into the Plan at which time the unsecured
creditors shall be paid pro rata from the remaining quarterly
payments. This class of claims is impaired

The Debtor shall continue to operate its business and generate the
necessary funds to make the proposed payments in this Chapter 11
Plan from its monthly disposable income over the plan term. Andrew
G. Mathis shall continue to serve as President of the Debtor and be
responsible as its sole owner for operation of the Debtor. Debtor
shall provide from its disposable income plan funding in the amount
of $6,000.00 per quarter for the 1st year of the Plan, $7,000.00
per quarter for the 2nd year of the Plan, $8,000.00 per quarter for
the 3rd year of the Plan, $9,000.00 per quarter for the 4th year of
the Plan and $10,000.00 per quarter for the 5th year of the Plan.

A full-text copy of the Second Amended Plan dated May 9, 2023 is
available at https://bit.ly/42y2Ro5 from PacerMonitor.com at no
charge.

Counsel for Mathis & Mathis:

     Jonathan B. Vivona, Esq.
     Vivona Pandurangi, PLC
     601 King Street, Suite 400
     Alexandria, Va 22314
     Tel: (703) 739-1353
     Fax: (703) 337-0490
     Email: jvivona@vpbklaw.com

                     About Mathis & Mathis

Mathis & Mathis, Inc., has been in the business of providing legal
services to social security disability claimants.  

Mathis & Mathis sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Va. Case No. 22-11022) on August 3,
2022.  The Debtor disclosed under $50,000 in assets and $100,001 to
$500,000 in liabilities.  The Debtor is represented by Jonathan
Baird Vivona, Esq., at Vivona Pandurangi, PLC.


MD HELICOPTERS: 3rd Circuit Tosses Dutch Appeal in Chapter 11 Sale
------------------------------------------------------------------
Craig Clough of Law360 reports that the Third Circuit on Tuesday
dismissed the Dutch government's appeal of a district court's
refusal to certify a question to the Arizona Supreme Court about a
bankruptcy judge's approval of a $210 million debt-for-equity sale
of former Lynn Tilton-led MD Helicopters Inc., saying it lacks
jurisdiction over the nonfinal order.

                       About MD Helicopters

MD Helicopters Inc. and Monterrey Aerospace, LLC are global
manufacturers and suppliers of commercial and military helicopters,
spare parts, and related services with their sole manufacturing
facility located in Mesa, Ariz.

The Debtors sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 22-10263) on March 30, 2022. Barry Sullivan, chief
financial officer, signed the petitions.

The Debtors disclosed between $100 million and $500 million in both
assets and liabilities.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Troutman Pepper Hamilton Sanders, LLP and Latham
& Watkins, LLP as bankruptcy counsels; AlixPartners, LLP as
financial advisor; and Moelis & Company LLC as investment banker.
Kroll Restructuring Administration LLC, formerly known as Prime
Clerk LLC, is the claims and noticing agent and administrative
advisor.


MERCURITY FINTECH: Unit Purchases J.V. Delaney & Associates
-----------------------------------------------------------
Mercurity Fintech Holding Inc. announced that Chaince Securities,
Inc., the financial services subsidiary of MFH entered into a
Purchase and Sale Agreement for the acquisition of all assets and
liabilities of J.V. Delaney & Associates, an investment advisory
firm and fully licensed broker dealer established in 1982.  The
addition of JVDA will serve as the cornerstone of Mercurity
Fintech's plans to incorporate a diverse range of digital and
traditional business offerings through its new financial services
entity, Chaince Securities, including underwriting, private
placements, mergers & acquisitions, best efforts IPOs, selling of
corporate equity and debt securities and investment advisory
services, among others.

Pursuant to the terms of the Purchase Agreement, Chaince Securities
will make a cash down payment to the seller following the signing
of the Purchase Agreement, with the remaining balance of the total
purchase price held in escrow by Portfolio Escrow, Inc. until
closing.  The deal is subject to FINRA approval in accordance with
Rule 1017 and is contingent on obtaining regulatory and customary
approvals.  The transaction will close upon obtaining of FINRA
approval and the satisfaction of other customary closing
conditions, with the outstanding cash balance released from escrow
to the seller.  The deal is expected to close in Q4 of 2023.

The acquisition marks the first significant investment by Chaince
Securities since its integration into MFH earlier this year. J.V.
Delaney & Associates will enhance Chaince Securities' digital and
traditional financial brokerage services and bolster its plans for
sustained growth through expansion.

Mr. Shi Qiu, Chief Executive Officer of MFH, commented, "The
acquisition of J.V. Delaney & Associates aligns with our objective
to expand MFH's broker-dealer presence and augment our capabilities
and product offerings over the next several years.  This strategic
move is a testament to our commitment to capitalize on the
synergies between traditional financial services and innovative
blockchain-powered solutions.  We anticipate the resulting
broker-dealer entity to be fully equipped and seamlessly aligned
with our strategy of developing differentiated digital platforms to
service our ever-expanding global clientele and puts us ever closer
to the point of convergence between the old and the new, where we
believe the true fortunes will be made."

                          About Mercurity

Formerly known as JMU Limited, Mercurity Fintech Holding Inc. is a
digital fintech group powered by blockchain technology.  The
Company's primary business scope includes digital asset trading,
asset digitization, cross-border remittance and other services,
providing compliant, professional, and highly efficient digital
financial services to its customers.  The Company recently began
to narrow in on Bitcoin mining, digital currency investment and
trading, and other related fields.  This shift has enabled the
company to deepen its involvement in all aspects of the blockchain
industry, from production to circulation.

Mercurity reported a net loss of US$5.63 million in 2022, compared
to a net loss of US$21.66 million in 2021.  As of Dec. 31, 2022,
the Company had US$18.89 million in total assets, US$2.06 million
in total liabilities, and US$16.83 million in total shareholders'
equity.

Singapore-based Onestop Assurance PAC, the Company's auditor since
2023, issued a "going concern" qualification in its report dated
April 25, 2023, citing that the Company has incurred recurring
operating losses and negative cash flows from operating activities
and has an accumulated deficit, which raise substantial doubt about
its ability to continue as a going concern.


MGM RESORTS: S&P Alters Outlook to Stable, Affirms 'B+' ICR
-----------------------------------------------------------
S&P Global Ratings revised its rating outlook on Global gaming
operator MGM Resorts International to stable from negative based
upon the expectation S&P Global Ratings lease adjusted leverage
improves to the mid- to high-6x area in 2023, compared to its prior
mid-7x forecast.

In addition, S&P affirmed its 'B+' issuer credit rating on MGM
Resorts and its subsidiaries.

The stable outlook reflects S&P's expectation that
faster-than-anticipated cash flow recovery in Macao, coupled with
healthy domestic cash flow, will support lease adjusted leverage
improving to the mid- to high-6x area by the end of 2023, which
represents a healthy cushion compared to our 7.5x downgrade
threshold

S&P said, "MGM's Macao revenue and cash flow are recovering
materially faster than we previously forecast, supporting more
rapid deleveraging. Following the relaxation of COVID-19 control
measures and travel restrictions, Macao's gaming revenue has been
experiencing a more robust recovery than we previously anticipated.
Furthermore, MGM's Macao casinos are outperforming the market
largely due to incremental tables awarded to them under its new
concession. In the first quarter of 2023, market-wide mass GGR
recovered to 67% of first quarter 2019 levels and VIP recovered to
23% of first quarter 2019 levels. The recovery outpaced our prior
expectation that mass GGR in the first quarter of 2023 would be
roughly 35%-40% of 2019 levels, and would accelerate in the second
half of the year and recover to 60%-70% of 2019 levels. As a
result, we are revising upward our full-year Macao GGR forecast. We
now expect mass GGR to recover to 75%-85% of 2019 levels this year
and to fully recover in 2024. We assume VIP GGR in 2023 remains
around 20%-25% of 2019 levels."

In addition to benefitting from a stronger market-wide recovery,
MGM China's cash flow is improving faster than other market
participants because the company received an additional 200 tables
under its new concession bringing its total table count to 750
tables, a 36% increase. As a result, in the first quarter of 2023,
MGM China's revenue recovered to about 85% of first quarter 2019
levels and EBITDA recovered to nearly 90%. This is well ahead of
our prior forecast that revenue and EBITDA would recover to 40%-50%
of 2019. S&P said, "As a result, we have revised upward our base
case forecast for MGM China and now expect revenue to recover to
90%-95% of 2019 levels in 2023 and be 15%-20% higher in 2024, as
the benefit of additional tables allows it to gain share. We expect
property EBITDA margins to be in the high-20% area in 2023 and
2024, in line with the first quarter of 2023 and the company's
public comments around full-year sustainable margins. As a result
of improved cash flow in Macao, we now expect MGM's leverage to
improve to the mid- to high-6x area in 2023 compared to the mid-7x
previously. We believe this represents an adequate cushion relative
to our 7.5 lease adjusted downgrade threshold and reduces downside
rating pressure."

Investments under its Macao concession should be manageable given
the expected cash flow recovery. Under the terms of its new
concession granted in December 2022, MGM China agreed to invest
about $2 billion, through a mixture of nongaming capital
expenditures and operating expenses to support nongaming amenities
and events. MGM preliminarily indicated it expects about half of
the investment will be capital expenditures and about half will be
operating expenses, with about 90% of the spending targeted to
developing nongaming projects and programing and international
tourist markets. Although MGM China's investment commitment
represents a greater multiple of its 2019 Macao property level
EBITDA than other operators because of its smaller scale, we still
believe this level of investment is likely manageable for MGM China
as Macao's GGR is recovering and MGM China's cash flow is
benefitting from its increased table allotment. In addition, S&P
believe the investment commitments, especially operating expenses,
will likely be spread out across the 10 year-term of the new
concession.

Macroeconomic factors that could impede discretionary spending are
rising and pose risks to MGM's currently strong U.S. cash flow, but
convention and group recovery in Las Vegas may be an offset. Rising
prices and interest rates will likely eat away at household
purchasing power in 2023, and U.S. economic weakness will soften
the job market later this year. While the most anticipated
recession in recent years has yet to evolve into one, the collapse
of Silicon Valley Bank on March 10 has increased chances a hard
landing is now at the U.S. economy's door. Current conditions so
far indicate a resilient economy, despite challenges. S&P's U.S.
GDP growth forecast still calls for a shallow recession. But
increased credit tightening, stemming from recent events, may lead
to a far worse outcome. Although the shift in spending towards
experiences and away from goods may continue, weakening
macroeconomic conditions and lower accumulated savings could
eventually cause consumers to pull back on gaming, travel, and
entertainment spending. Acceleration in convention and group
business in Las Vegas in 2023 could partly replace a moderation in
leisure demand, but a weakening macroeconomic environment could
slow the pace of recovery if corporate travel budgets fall.

While destination markets like Las Vegas tend to experience more
volatility in a downturn than regional gaming markets, continued
group and convention recovery, the return of international travel,
and investment in new attractions, including the opening of
Allegiant Stadium (2020) and the MSG Sphere (slated to open in
2023) should continue to support recovery in visitation to Las
Vegas. The convention segment comprises approximately 20% of MGM's
room nights in Las Vegas. In addition, supply growth in the market
is relatively modest and much lower than in 2008-2010. As a result,
we expect the impacts of a shallow recession on Las Vegas in 2023
would be less dramatic than during the financial crisis. In
addition, MGM's first quarter of 2023 benefitted from an easy
comparison with the first quarter of 2022 due to the negative
impact the Omicron variant had on travel and hotel demand in Las
Vegas, especially the group and convention segment and the Consumer
Electronics Show (CES) show held every January. CES attendance rose
to 115,000 this year, approximately 33% below 2020's attendance,
from 44,000 attendees in 2022. The market also benefitted in the
first quarter from the return of CONEXPO-CON/AGG, a construction
trade show held every three years that attracted record levels of
attendance this year with 139,000 attendees compared to just under
130,000 attendees in March 2017. A favorable event calendar in 2023
should also help. Organizers for the Formula 1 Las Vegas Grand Prix
in November 2023 expect to attract significant visitation and
spending during what is normally a slower period for the market.

New resort developments and financial policy decisions around share
repurchases also add risk, although healthy domestic liquidity and
cash flow generation are an offset. MGM intends to continue to
invest in new resort developments, with the most likely near-term
projects in Japan and New York. MGM's joint venture consortium with
ORIX was selected by Osaka prefecture/city as its partner to
develop a $10 billion integrated resort in Japan. In April 2023,
the joint venture received certification of its area development
plan in Osaka, one of the final steps in the licensing process
under Japan's Integrated Resort Development Act. The joint venture
will now look to finalize agreements with Osaka prefecture/city to
begin construction. MGM anticipates that the resort will likely
open in 2030. S&P believes MGM's ownership in the consortium will
be no more than 50%. The company expects it and ORIX will each own
40% of the consortium and local investors will own the remaining
20%. However, if the consortium does not bring in additional
investors, MGM's and ORIX's ownership would each increase to 50%.
Based on the estimated $10 billion development cost and MGM's
expectation that the project could be funded at 55% debt to equity,
MGM's equity contribution toward the development costs could be $2
billion-$2.5 billion. MGM believes its equity contribution could be
spread over several years, with investments beginning in late 2024
and spread through 2027. MGM's sizable equity contribution
represents a possible leveraging risk over the next few years as
MGM will not receive any cash flow benefits from the project.
Nevertheless, if successful, the resort could broaden MGM's
geographic reach and scale and enhance its global brand reputation
as an integrated resort developer.

Additionally, we expect MGM would redevelop its Empire City Casino
into a full-scale casino resort if it were awarded a casino license
in the New York City area. MGM anticipates submitting its proposal
this year, and hopes to receive a decision by the first half of
2024. MGM estimates its investment to expand its existing Empire
City casino could cost around $2 billion, inclusive of the expected
$500 million license payment. S&P assumes that spend would occur
over a two to three year time horizon following receipt of the
license. MGM has also used liquidity from asset sales to make
sizable share repurchases totaling $1.8 billion in 2021, $2.8
billion in 2022, and $656 million in 2023 through the filing of its
first quarter 10Q. S&P expects it will continue to repurchase
shares although the pace may slow as investments in new
developments ramp up. Nevertheless, MGM's domestic liquidity as of
March 31, 2023, was significant and totaled approximately $6.2
billion in cash and revolver availability.

S&P said, "Our measure of lease-adjusted leverage is likely
materially higher than MGM's financial policy calculation. MGM's
measurement of its lease obligation on the balance sheet compares
unfavorably to other large, diversified gaming operators such as
PENN Entertainment Inc. and Caesars Entertainment Inc., both of
which have sizable lease obligations. We believe this is primarily
due to the lower discount rate MGM uses to value its lease
obligation and to the longer initial term of MGM's leases. In
measuring lease-adjusted leverage, we use the obligation that
companies report on their balance sheets, which results in adjusted
leverage in the mid- to high-6x area in 2023. The very high lease
adjustment also partly contributes to our willingness to tolerate a
higher 7.5x downgrade threshold at the 'B+' rating, as long as our
measure of lease-adjusted EBITDA coverage of interest expense is
also sustained at about 2x. However, many market participants use a
rent multiple approach and MGM bases its financial policy and
financial maintenance covenant on this approach. Thus, MGM's lease
on its balance sheet is nearly double what MGM estimates and uses
in calculating its lease-adjusted financial policy range of 4x-5x.

"The stable outlook reflects our expectation that
faster-than-anticipated cash flow recovery in Macao coupled with
healthy domestic cash flow will support lease adjusted leverage
improving to the mid- to high-6x area by the end of 2023, which
represents a healthy cushion compared to our 7.5x downgrade
threshold, and that EBITDA interest coverage will be around 2x.

"We could lower the rating if we no longer believe the company's
EBITDAR in 2023 will continue improving in a manner that supports
leverage reduction, allowing the company to improve leverage to or
below our 7.5x downgrade threshold and EBITDA interest coverage to
around 2x. This could be the result of a slower than expected
recovery in Macao, a greater-than-expected impact from a possible
U.S. recession on Las Vegas or regional casinos,
greater-than-expected capital investments in its existing portfolio
or for new developments, additional acquisitions, or higher than
forecasted returns to shareholders.

"We believe an upgrade is unlikely within the next year given our
forecast, expected development spend, and the company's financial
policy. However, we could raise the rating if we believe MGM will
sustain leverage below 6.5x, EBITDA interest coverage above 2x and
discretionary cash flow (DCF) to debt above 2%."

ESG credit indicators: E-2, S-3, G-2

S&P said, "Health and safety factors are a moderately negative
consideration in our credit analysis. Although the pandemic
severely affected MGM's cash flow because health and safety
concerns led to property closures, operating and capacity
restrictions, travel restrictions, a slower recovery in conventions
and group meetings and limited international visitation to Las
Vegas, the company's U.S. revenue and cash flow has recovered
strongly, supported by strong leisure demand for Las Vegas and
regional gaming. Additionally, while China's zero-COVID-19 policy
severely depressed MGM's cash flow in Macao (about 20% of overall
cash flow), visitation to the market and revenue have been
recovering faster than we previously expected following the
relaxation of those policies earlier this year. As a result, we now
expect mass GGR to improve to 75%-85% of 2019 levels this year
(from 60%-70% previously) and believe it will fully recover next
year. Nevertheless, while we view the pandemic as a rare and
extreme disruption that is unlikely to recur at the same magnitude,
health and safety scares are an ongoing risk factor."

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Health and safety



MONEYGRAM INTERNATIONAL: S&P Affirms 'B' ICR, Outlook Stable
------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issuer credit rating on
MoneyGram International Inc. (MGI) and assigned its 'B' issue
rating to the proposed $500 million term loan B due 2030.

The stable outlook reflects S&P's expectation that over the next 12
months, MGI will operate with EBITDA cash interest coverage of
2.0x-3.0x and adjusted debt to EBTIDA above 5.0x.

The rating affirmation follows MGI's proposed issuance of $500
million term loan due 2030 to partially finance MDP's acquisition
of MGI.

MDP intends to finance the buyout transaction through $500 million
term loan B due 2030, $400 million other secured debt, $100 million
Holdco Senior Notes due 2028, $300 million Holdco preferred equity,
and $740 million common equity. The proposed first-lien debt
agreement also includes a $150 million undrawn revolving credit
facility due 2028. The proposed term loan and the other secured
debt will rank Pari Passu with the revolver. Upon closing, MGI's
existing term loan and senior secured notes, with $379 million and
$415 million outstanding balances as of March 31, 2023,
respectively, will be retired.

The Holdco Senior Notes are issued by Mobius Financing Intermediate
Inc., a holding company and indirect parent of MGI, while the
Holdco preferred equity is issued by Mobius Intermediate Holdco,
Inc., which is the direct parent of Mobius Financing Intermediate
Inc. The Holdco Notes are structurally subordinated to the proposed
senior secured debt.

The proposed revolving credit facility will be subject to a
financial covenant of maximum 5.9x first lien leverage ratio and is
applicable if the amount outstanding under the revolver exceeds 40%
of the commitment. All of the other debt do not have financial
covenants.

After the transaction closes, MGI will be a financial
sponsor-controlled company with leverage above 5.0x.

As of March 31, 2023, MGI's leverage, measured by adjusted debt to
EBITDA, declined slightly to 5.5x from 5.7x at year-end 2022.
Pro-forma for the transaction, we expect the company to operate
with leverage of 8x-9x and cash interest coverage of 2x-3x.

S&P Said, "In S&P Global Ratings' leverage calculation, we include
the New Holdco Notes and New Holdco preferred equity as part of
MGI's total debt since both Mobius Financing Intermediate Inc. and
Mobius Intermediate Holdco Inc. will rely on dividends from MGI to
service these instruments. We treat the New Holdco preferred equity
as debt, rather than equity, because it is callable after two
years. Excluding the $300 million preferred equity from the
leverage, we estimate pro forma leverage of around 6x-7x.

"Our base-case forecast assumes the company's total revenue will
grow by mid-to-high single digits in 2023, driven by strong growth
in its digital channel and higher investment revenue. We also
expect its adjusted EBITDA margin to remain relatively stable in
the 12% to 14% range.

"We think MGI's business position has improved in recent years
because of its scaled digital channel and enhanced compliance
infrastructure."

As of March 2023, MGI's total digital revenue accounted for 50% of
its total money transfer transactions compared with 26% in 2020.
S&P believes the company will further invest in MGO, its
direct-to-consumer business, which could help improve EBITDA margin
and customer retention. The company also significantly invested in
its compliance infrastructure over the last decade, leading to the
exit of the Deferred Prosecution Agreement (DPA) with Department of
Justice (DOJ) in June 2021.

S&P expects MGI to maintain adequate liquidity.

As of March 31, 2023, MGI had about $137 million cash on balance
sheet. Pro-forma for the transaction, S&P expects MGI's sources of
liquidity is over 1.2x of uses of liquidity, and that even if
EBITDA were to decline by 15%, sources of cash would exceed uses of
cash over the next 12 months.

S&P said, "The stable outlook over the next 12 months indicates our
expectation for EBITDA cash interest coverage of 2.0x-3.0x, debt to
EBITDA above 5.0x, and no new compliance deficiencies. Our outlook
also considers MGI's existing market position in global money
transfer services, its financial sponsor ownership, adequate
liquidity, and sufficient covenant cushion.

"We could lower the ratings over the next 12 months if we expect
EBITDA cash interest coverage to decrease below 2.0x on a sustained
basis, liquidity deteriorates, or there are further compliance
deficiencies."

It is unlikely S&P will upgrade the company in the next 12 months.



MONITRONICS: Reaches Deal With Creditors to Slash Debt by $500Mil.
------------------------------------------------------------------
Reshmi Basu and Ameya Karve of Bloomberg News report that home
security and alarm company Monitronics International Inc. has
struck an agreement with lenders to cut its debt by about $500
million and will initiate chapter 11 proceedings this May 2023.

Existing lenders have committed about $387 million worth of
funding, it said in a statement on Tuesday. That includes $90
million to fund the chapter 11 process and $297 million to
refinance its existing revolving credit facility and term loan.

The voluntary chapter 11 case in the U.S. Bankruptcy Court for the
Southern District of Texas will start on or about May 15, 2023 it
said.

             About Monitornics International

Farmers Branch, Texas-based Monitronics International, Inc. (doing
business as Brinks Home) is an American company that offers home
security systems.

                      *     *     *

In mid-April 2023, S&P Global Ratings lowered its issuer credit
rating on U.S. alarm monitoring company Monitronics International
Inc.'s (d/b/a Brinks Home Security) to 'CCC' from 'CCC+'.  At the
same time, S&P lowered its issue-level rating on the company's
$822.5 million takeback term loan to 'CCC' from 'CCC+'.  The
recovery rating on this debt remains '3'.

The negative outlook reflects that S&P could lower the rating
within the next 12 months if it believes a default is imminent.
The downgrade reflects Brinks Home's nearing term loan maturities,
increasing the risk of a default in the next 12 months.  The
company's debt consists of a $145 million super-priority revolving
credit facility due July 2024 (not rated; $95.5 million drawn as of
Dec. 31, 2022), a $150 million super-priority term loan due July
2024 (not rated), and an $822.5 million takeback senior secured
term loan facility maturing in March 2024. The super-priority
facility is subject to a springing maturity of 91 days prior to the
maturity of the takeback senior secured term loan facility if the
debt remains outstanding at that time.

S&P said, "Though we expect the company's trajectory of steadily
improving operating metrics (subscriber acquisition cost
efficiency, attrition rates) in 2022 will continue into 2023, we
forecast Brinks Home will continue to have free operating cash flow
(FOCF) deficits. This could make it challenging for the company to
extend its maturities on satisfactory terms, particularly in a high
interest rate and volatile market climate."


MR. COOPER GROUP: Moody's Affirms B1 CFR on Home Point Transaction
------------------------------------------------------------------
Moody's Investors Service has affirmed all ratings of Mr. Cooper
Group Inc. and its subsidiaries (together know as Mr. Cooper)
following its announcement that it has agreed to acquire Home Point
Capital Inc. for $324 million in cash. Moody's has affirmed Mr.
Cooper Group Inc.'s B1 long-term Corporate Family Rating.
Additionally, Moody's has affirmed Nationstar Mortgage Holdings
Inc.'s B1 backed senior unsecured debt ratings and Nationstar
Mortgage LLC's long-term issuer rating of B1. Mr. Cooper's outlook
remains stable.

In the same action, Moody's has placed Home Point's B3 CFR and Caa1
long-term senior unsecured debt ratings on review for upgrade.

"The acquisition of Home Point is consistent with Mr. Cooper's
strategy of acquiring mortgage servicing rights backed by high
quality conventional loans issued by Fannie Mae and Freddie Mac,"
said Stephen Lynch, Vice President Senior Credit Officer. "The
assumption of Home Point's $500 million senior unsecured notes due
in 2026 with a 5% coupon by Mr. Cooper represents both favorable
financing for Mr. Cooper and a credit positive outcome for Home
Point's senior unsecured noteholders."

RATINGS RATIONALE

The rating action follows Mr. Cooper's announcement that it will
acquire Home Point for $324 million in cash. In the transaction,
Mr. Cooper will acquire the rights to service Fannie Mae and
Freddie Mac mortgages for 301,000 borrowers with a $84 billion of
unpaid principal balance (UPB). At March 31, 2023, Mr. Cooper
serviced $853 billion of mortgages and has built sufficient
operational capacity to add the Home Point MSRs, which currently
have a relatively low 0.5% 60+ day delinquency rate. Management
expects the transaction will close in the third quarter of this
year.

In affirming Mr. Cooper's ratings, Moody's noted that proforma
capitalization and liquidity will remain solid, although Moody's
expects capitalization will decline modestly following the
transaction. Mr. Cooper's adjusted tangible common equity to
adjusted tangible assets ratio was 31.74% at March 31, 2023, a
level Moody's views as strong and better than most of its non-bank
mortgage company peers. The assumption of Home Point's $500 million
senior unsecured notes due 2026 with a 5% coupon also represent an
attractive source of financing in the current higher interest rate
environment.

Over the past year, Mr. Cooper has relied more heavily on its
secured MSR financing facility as the cost to access the unsecured
capital markets has risen sharply due to higher interest rates,
market volatility and the very weak performance for non-bank
mortgage companies. As a result, the ratio of secured debt to
unsecured debt is higher than recent historical periods even though
overall capitalization has improved. The higher proportion of
secured debt lowers the potential recovery for senior unsecured
note holders in the event of a default. Moody's expects the ratio
of secured debt to unsecured debt to revert to historical averages
over the medium term guided by the company's historical track
record. If Moody's expectation changes, the ratings on the senior
unsecured notes could be downgraded. Positively, the decision to
retain Home Point's $500 million senior unsecured notes helps
modestly lower the ratio of secured debt to unsecured debt.

Following the ratings affirmation, Mr. Cooper's outlook remains
stable reflecting Moody's expectation that, even following the
closing of the acquisition, the company's financial and liquidity
profile will remain broadly unchanged and will continue to be
supported by solid capitalization levels, improving profitability,
and adequate levels of on balance sheet and contingent liquidity
sources.

In the same action, Moody's placed Home Point's ratings on review
for upgrade because it believes that its creditors will benefit
from the acquisition. Over the past 12 months, Home Point's
profitability has been very weak due to declining mortgage
origination volumes, low gain-on-sale margins and elevated
expenses. Last month, Home Point announced that it entered into a
definitive agreement to sell the company's wholesale originations
channel to The Loan Store, Inc., a national wholesale lender
headquartered in Tucson, Arizona. In April of 2022, Moody's
affirmed the ratings on Home Point after the company sold its
correspondent originations channel to Planet Home Lending, LLC. As
a result, prior to this announcement, Home Point had a limited
franchise position, few strategic alternatives, and heightened
uncertainty surrounding its future, although the company's
capitalization levels were solid. Following the transaction,
creditors will benefit from Mr. Cooper's far stronger credit
profile.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings on Mr. Cooper could be upgraded if the company
continues to demonstrate solid financial performance, whereby
long-term, through-the-cycle profitability as measured by net
income to average assets averages around 3.0%. In addition, the
company would need to maintain solid capital levels, such as
adjusted tangible common equity to adjusted tangible assets of at
least 17.5%, while preserving its servicing performance and
franchise value, and maintaining its current liquidity and funding
profile.

The ratings on Mr. Cooper could be downgraded if the company's
financial performance materially deteriorates, for example, if
capitalization falls and is expected to remain below 13.5% as
measured by adjusted tangible common equity to adjusted tangible
managed assets, or if through-the-cycle average net income to
assets falls is expected to be less than 1.5%, or if the company's
liquidity position deteriorates beyond an adequate buffer to its
debt covenants. In addition, the ratings could be downgraded in the
event of material negative regulatory actions that would impair Mr.
Cooper's franchise and ability to remain profitable. The long-term
senior unsecured debt and issuer ratings could be downgraded if the
company's ratio of secured debt to unsecured debt is expected to
remain above 14% for an extended period of time.

For Home Point, if the acquisition closes, Moody's expects that
Home Point's ratings will be upgraded. If the acquisition does not
close, Home Point's ratings could be confirmed if it maintains its
current financial profile.

Absent the acquisition by Mr. Cooper, Home Point's ratings could be
downgraded if capitalization deteriorates, or management pursues a
more aggressive financial policy. For example, Moody's could
downgrade the ratings if tangible common equity to tangible managed
assets declines and is expected to remain below 15%. This could
occur if the company experiences sizable operating losses while
managing remaining assets or if MSR values decline due to market
forces or ineffective interest rate hedges. In addition, Home
Point's unsecured bond rating could be downgraded if the ratio of
unsecured debt to total corporate debt decreases and is expected to
remain below 50%.

LIST OF AFFECTED RATINGS

Issuer: Mr. Cooper Group Inc.

Affirmations:

Corporate Family Rating, Affirmed B1

Outlook Actions:

Outlook, Remains Stable

Issuer: Nationstar Mortgage Holdings Inc.

Affirmations:

Backed Senior Unsecured Regular Bond/Debenture, Affirmed B1

Outlook Actions:

Outlook, Remains Stable

Issuer: Nationstar Mortgage LLC

Affirmations:

LT Issuer Rating, Affirmed B1

Outlook Actions:

Outlook, Remains Stable

Issuer: Home Point Capital Inc.

On Review for Upgrade:

Corporate Family Rating, Placed on Review for Upgrade, currently
B3

Senior Unsecured Regular Bond/Debenture, Placed on Review for
Upgrade, currently Caa1

Outlook Actions:

Outlook, Changed To Rating Under Review From Stable

The principal methodology used in these ratings was Finance
Companies Methodology published in November 2019.


MULTEC INDUSTRIAL: Seeks Cash Collateral Access
-----------------------------------------------
Multec Industrial Packaging, Inc. asks the U.S. Bankruptcy Code for
the Northern District of Georgia, Newnan Division, for authority to
use cash collateral in accordance with the budget, with a 10%
variance.

The Debtor requires the use of cash collateral to pay the operating
expenses of the business.

Idea 247, Inc. asserts liens upon the Debtor's assets as more
particularly described in the UCC Financing Statement number
038-2023-000526 filed on January 9, 2023, in the records of the
Superior Court of Coweta County, Georgia, securing an asserted
outstanding indebtedness in the approximate amount of $119,087.

Porter Capital Corporation may assert liens upon the Debtor's
assets as more particularly described in the UCC Financing
Statement number 007-2019-043897 filed on October 3, 2019, in the
records of the Superior Court of Barrow County, Georgia. Porter
Capital is not owed any indebtedness by Debtor.

Universal Funding Corporation may assert liens upon the Debtor's
assets as more particularly described in the UCC Financing
Statement number 038-2022-013283 filed on April 15, 2022, in the
records of the Superior Court of Coweta County, Georgia. Universal
Funding is not owed any indebtedness by the Debtor.

On the Filing Date, the Debtor had approximately $131.97 cash on
hand, approximately $10,000 inventory on hand, and approximately
$14,787 in accounts receivable.

As adequate protection, the lender will be granted a security
interest in and lien upon all of Debtor’s assets created or
acquired by the Debtor post-petition.

A copy of the Debtor's motion and budget is available at
https://bit.ly/3HWF3Sk from PacerMonitor.com.

The Debtor projects total operating expenses, on a weekly basis, as
follows:

      $12,640 for the week starting May 8, 2023;
      $12,640 for the week starting May 15, 2023;
      $12,640 for the week starting May 22, 2023; and
      $12,640 for the week starting May 29, 2023.

              About Multec Industrial Packaging, Inc.

Multec Industrial Packaging, Inc. provide sproducts for packaging
and industrial applications. The Debtor designs, fabricates, and
delivers packaging for automobile industry parts and trim, water
vehicles, golf carts, freezers, and refrigeration.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 23-10535) on May 8, 2023.
In the petition signed by John E. Hughes, Sr., chief executive
officer, the Debtor disclosed up to $50,000 in assets and up
to$500,000 in liabilities.

Leslie Pineyro, Esq., at Jones & Walden, LLC, represents the Debtor
as legal counsel.



MYLIFE.COM INC: Seeks to Extend Plan Exclusivity to March 1, 2024
-----------------------------------------------------------------
Mylife.com, Inc. asks the U.S. Bankruptcy Court for the Central
District of California to extend its exlusive period to file a
plan and to obtain acceptances thereof to March 1, 2024 and May
1, 2024, respectively.

Absent the relief requested, the Debtor's filing exclusivity
period terminates on June 29, 2023, and the solicitation
exclusivity period expires on August 28, 2023.

The Debtor explained that it needs additional time to analyze
claims as well as to sort out the United States/FTC's asserted
$30+ million claim and associated nondischargeability lawsuit,
the outcome of which will impact Debtor's reorganization and the
formulation of a plan.

Mylife.com, Inc. is represented by:

          Leslie A. Cohen, Esq.
          J'aime Williams Kerper, Esq.
          LESLIE COHEN LAW, PC
          1615-A Montana Avenue
          Santa Monica, CA 90403
          Tel: (310) 394-590
          Email: leslie@lesliecohenlaw.com          
                 jaime@lesliecohenlaw.com

                       About Mylife.com Inc.

Mylife.com, Inc. is an American information brokerage firm
founded by Jeffrey Tinsley in 2002 as Reunion.com.

On Sept. 2, 2022, Mylife.com Inc., doing business as Reunion.com
Inc., filed for Chapter 11 protection (C.D. Calif. Case No.
22-14858), with between $500,000 and $1 million in assets and
between $10 million and $50 million in liabilities. Jeffrey
Tinsley, chief executive officer of Mylife.com, signed the
petition.

Judge Ernest M. Robles oversees the case.

The Debtor tapped Leslie Cohen Law, PC as bankruptcy counsel;
Larson, LLP and Hahn & Hahn, LLP as special counsels; and BPM,
LLP as accountant.


NATIONAL CINEMEDIA: Wins Final Cash Collateral Access
-----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, authorized National Cinemedia, LLC to use cash
collateral on a final basis in accordance with the budget.

The Debtor requires the use of cash collateral to continue business
operations.

Under the Credit Agreement, dated as of June 20, 2018, and all
other Loan Documents, among National CineMedia, LLC, JPMorgan Chase
Bank, N.A., as Administrative Agent, the lenders from time to time
and other parties thereto, the Borrower borrowed loans consisting
of:

     (x) up to $270 million in Term Loan Commitments;

     (y) up to $50 million in New Incremental Term Loan
Commitments; and

     (z) up to $175 million in Revolving Credit Commitments and
other extensions of credit, including the issuance of letters of
credit.

As of the Petition Date, the Borrower owed, and was liable to, the
Prepetition Original Secured Parties pursuant to the Original Loan
Documents an aggregate principal amount of:

      * not less than $257.9 million of Term Loans;

      * not less than $49.1 million of New Incremental Term Loans;
and

      * not less than $167 million of Revolving Credit Loans and
other extensions of credit, including not less than $800,000 in
issued and outstanding letters of credit, plus, all accrued and
unpaid interest with respect thereto and any additional fees.

Under the Credit Agreement dated as of January 5, 2022, by and
among the Borrower, Wilmington Savings Fund Society, FSB, as
administrative and collateral agent thereunder, and the several
lenders from time to time parties thereto, the Borrower borrowed
revolving loans thereunder in an amount of $50 million in Revolving
Credit Commitments.  As of the Petition Date, the Borrower owed the
Prepetition New RCF Secured Parties pursuant to the New RCF
Documents in the aggregate principal amount of not less than $50
million on account of Revolving Credit Loans plus all accrued and
unpaid interest with respect thereto and any additional fees.

In addition, the Borrower, as Issuer, and Wells Fargo Bank,
National Association, as Trustee are parties to the Indenture,
dated as of October 8, 2019, pursuant to which the 5.875% Senior
Secured Notes due 2028 were issued. As of the Petition Date, the
Borrower was indebted to the Prepetition Notes Secured Parties
pursuant to the 5.875% Notes Documents in the aggregate principal
amount of not less than $400 million plus all accrued and unpaid
interest with respect thereto and any additional fees.

In connection with each of the Original Loan Agreement, the New
Revolving Credit Agreement and the 5.875% Notes Indenture and to
secure the applicable Prepetition Secured Indebtedness, the Debtor
entered into various security and collateral documents in favor of
the applicable Prepetition Agent or Notes Trustee.

As adequate protection, the Prepetition Secured Parties are granted
valid, binding, continuing, enforceable, fully perfected,
nonavoidable, first-priority senior, additional and replacement
security interests in and liens on (i) the Prepetition Collateral,
and (ii) all of the Debtor's now-owned and hereafter-acquired real
and personal property, assets and rights.

As further adequate protection, the Prepetition Agents, for the
benefit of itself and the other Prepetition Original Loan Secured
Parties and Prepetition New RCF Secured Parties, as applicable, and
the Notes Trustee, for the benefit of itself and the Prepetition
Notes Secured Parties, are granted allowed superpriority
administrative expense claims in the Case ahead of and senior to
any and all other administrative expense claims in the Case to the
extent of any Diminution in Value, junior only to the Carve Out.

The Carve-Out means:

     (i) all fees required to be paid to the Clerk of the Court and
to the Office of the U.S. Trustee plus interest at the statutory
rate;

    (ii) all reasonable fees and expenses up to $75,000 incurred by
a trustee;

   (iii) to the extent allowed at any time, whether by interim
order, procedural order, or otherwise, all unpaid fees and expenses
incurred by persons or firms retained by the Debtor or the
Committee (if any) at any time before delivery by the Ad Hoc Group
of a Carve Out Trigger Notice, whether allowed by the Court prior
to or after delivery of a Carve Out Trigger Notice; and

    (iv) Allowed Professional Fees of Professional Persons in an
aggregate amount not to exceed $2 million incurred after the first
business day following delivery by the Ad Hoc Group of the Carve
Out Trigger Notice, to the extent allowed at any time, whether by
interim order, procedural order, or otherwise, less the amount of
any prepetition retainers received by any such Professional Persons
and not previously returned or applied to fees and expenses.

A copy of the order is available at https://bit.ly/3NOoAU1 from
Omni Agent Solutions, the claims agent.

                  About National CineMedia, LLC

National CineMedia, LLC, based in Centennial, Colo., owns the
largest cinema-advertising network in North America.  NCM derives
its revenue principally from the sale of advertising to national,
regional, and local businesses, which is displayed on a national
and regional digital network of movie theaters.

National CineMedia, LLC, filed a Chapter 11 petition (Bankr. S.D.
Tex. Case No. 23-90291) on April 11, 2023, listing $500 million to
$1 billion in estimated assets; and $1 billion to $10 billion in
estimated liabilities.  The petition was signed by Ronnie Ng, chief
financial officer of National CineMedia, Inc.

The Hon. David R. Jones presides over the case.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, led by Paul M. Basta,
Esq., Kyle J. Kimpler, Esq., Sarah Harnett, Esq., and Shafaq Hasan,
Esq., serves as counsel to the Debtor.  John F. Higgins, Esq., at
Porter Hedges LLP, serves as the Debtor's local counsel.

The Debtor tapped Latham & Watkins LLP as special corporate &
litigation counsel; Lazard Freres & Co., as investment banker; FTI
Consulting, Inc., as restructuring advisor; and Omni Agent
Solutions as notice, claims and balloting agent.



NATIONAL REALTY: Exclusivity Period Extended to August 1
--------------------------------------------------------
Judge John K. Sherwood of the U.S. Bankruptcy Court for the
District of New Jersey extended National Realty Investment
Advisors, LLC and its affiliates' exclusive periods to file a
Chapter 11 plan and to solicit acceptances thereof to August 1,
2023 and October 1, 2023, respectively.

The judge determined that the legal and factual bases set forth
in the Debtors' motion and at the hearing establish just cause
for the relief granted and that the requested relief is in the
best interest of the Debtors, their estates, their creditors, and
all parties in interest.

National Realty Investment Advisors, LLC is represented by:

          S. Jason Teele, Esq.
          Daniel J. Harris, Esq.
          Gregory A. Kopacz, Esq.
          SILLS CUMMIS & GROSS P.C.
          One Riverfront Plaza
          Newark, NJ 07102
          Tel: (973) 643-7000
          Email: steele@sillscummis.com
                 dharris@sillscummis.com
                 gkopacz@sillscummis.com

                 About National Realty Investment

National Realty Investment Advisors, LLC is a luxury-homes
developer based in Secaucus, N.J.

National Realty Investment Advisors and 102 affiliates, including
NRIA Partners Portfolio Fund I, LLC, sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case
No. 22-14539) on June 7, 2022.  

In the petition filed by its independent manager, Brian Casey,
National Realty Investment Advisors listed up to $50,000 in both
assets and debt. NRI Partners Portfolio listed assets between $50
million and $100 million and liabilities between $500 million and
$1 billion.

Judge John K. Sherwood oversees the cases.

S. Jason Teele, Esq., at Sills Cummis & Gross P.C., is the
Debtors' counsel.  Omni Agent Solutions is the claims and
noticing agent.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee of unsecured creditors on June 30, 2022. The committee
is represented by Ice Miller, LLP.


NAUTILUS POWER: S&P Raises Debt Rating to 'CCC', Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings raised the issue-level rating on Nautilus Power
LLC's subordinated non-extended term loan B (TLB) to 'CCC' from
'D', based on the proximity to maturity and the possible need for
additional liquidity to repay this portion given its subordinated
status, as almost all sources of revenues and reserves are now part
of the superpriority collateral package.

The '6' recovery rating on the TLB is unchanged, and indicates
S&P's expectation of negligible (0%-10%; rounded estimate: 0%)
recovery in the event of payment default.

S&P's 'B' rating, with a '3' recovery rating, on the extended
superpriority TLB is unchanged.

The negative outlook on the subordinated tranche reflects the
approaching debt maturity and that the project would need
additional liquidity to repay this portion of remaining debt.

S&P views the change in collateral package for the non-extended TLB
lenders as well as its approaching maturity as materially credit
negative.

With the closing of the amend-and-extend transaction, the $13
million non-extended tranche is now subordinated to the extended
tranche in the payment waterfall and in the security package. In
addition, the project's subordinated TLB matures in May 2024. Given
the stub debt's subordinated nature in all material aspects,
including the payment waterfall, and the project's 100% cash flow
sweep requirement toward the superpriority tranche, S&P believes
that there is limited ability to use the project's cash flows to
repay the stub debt.

S&P said, "Although the project's sponsor could repay the
subordinated debt through an equity injection or other source of
capital, we do not factor uncertain sources in our base-case
scenario, despite the sponsor's recent equity contribution, which
played a crucial role in facilitating the amend-and-extend
transaction of the superpriority tranche. Considering the
approaching maturity and the lack of a concrete repayment or
refinancing plan, we view the risk of default within the next 12
months as possible.

The negative outlook on the non-extended TLB reflects the
likelihood of a default or distressed exchange within the next 12
months, barring an unexpected positive development.

S&P could take a negative rating action on the subordinated debt if
it believes a default over the next six months is inevitable
without an unforeseen positive development.

S&P would consider a positive rating action if the project
successfully repays its stub debt outstanding.



NEVER SLIP: S&P Downgrades ICR to 'CCC' on Refinancing Risk
-----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Never Slip
Topco Inc.'s (SFC) to 'CCC' from 'CCC+' and its issue-level rating
on its revolver and first-lien term loan to 'CCC' from 'CCC+'. The
recovery rating remains '3', which indicates meaningful (50%-70%;
rounded estimate: 60%) recovery in the event of a payment default.

The negative outlook indicates that S&P could lower the rating
within the next few quarters if it believes default is inevitable
within the next six months.

The downgrade reflects heightened refinancing risk, increasing
interest costs, and risk of a default within the next 12 months.

SFC's $25 million revolver, $20 million sidecar revolver, and $258
million first-lien term loan ($281 million total outstanding as of
Dec. 31, 2022) maturing on April 27, 2024, are now fully current.
Additionally, the company's second-lien term loan ($125 million
outstanding) will become current on October 2023. S&P believes
there is heightened refinancing risk with its upcoming debt
maturities given volatile market conditions and rising interest
rates.

SFC's operating performance continues to be constrained by weakness
in its core foodservice segment and high freight and warehousing
costs, resulting in adjusted EBITDA margins deteriorating by around
600 basis points in 2022 compared to the previous year. This is
partially offset by growth in its noncore segments, mainly Europe,
industrial customers, and third-party sellers. S&P said, "While we
assume adjusted EBITDA will grow in 2023 supported by continued
top-line recovery, new business wins, and a lower input cost
inflation environment, we estimate this will not be sufficient to
cover the company's rising interest expenses resulting in negative
operating cash flow (OCF)."

S&P said, "Consequently, we believe there is a realistic
probability SFC will default on its debt payments, potentially
through a debt restructuring in which lenders receive less than
originally promised without adequate offsetting compensation.
Absent a debt restructuring or material sponsor support, we do not
think SFC could generate positive free operating cash flow (FOCF)
under current market interest rates and terms.

"We revised our liquidity assessment to weak from less than
adequate because the upcoming maturities would pose a strain if
extension plans are not in place, or because SFC could default on
its financial covenant.

"SFC had very thin liquidity with negligible cash as of Dec. 31,
2022, and potentially zero availability under its revolving credit
facilities given we foresee a potential violation of the minimum
EBITDA financial covenant in the next several quarters. We revised
our liquidity assessment because we expect SFC's liquidity sources
to be in substantial deficit for the next 12 months due to the
significant upcoming debt maturities and our expectation for
negative OCF.

"The negative outlook reflects our view that the company's capital
structure is unsustainable and its liquidity weak.

"We could lower our ratings if we view a default or debt
restructuring appears inevitable within the next six months."

This could occur if the company:

-- Fails to materially turnaround operating performance, onboard
new business, effectively manage expenditures, and pass through
higher costs;

-- Breaches its minimum EBITDA covenant;

-- Cannot meet its upcoming debt service and maturity payments;
or

-- Pursues a debt restructuring.

S&P is unlikely to take a positive rating action within the next 12
months unless the likelihood of a payment default or distressed
debt restructuring declines.

ESG credit indicators: E-2; S-2; G-3



NEW CONSTELLIS: $200,000 Bank Debt Trades at 42% Discount
---------------------------------------------------------
Participations in a syndicated loan under which New Constellis
Borrower LLC is a borrower were trading in the secondary market
around 58.1 cents-on-the-dollar during the week ended Friday, May
12, 2023, according to Bloomberg's Evaluated Pricing service data.


The $200,000 facility is a payment-in-kind Term loan that is
scheduled to mature on March 27, 2025.

New Constellis Borrower LLC is a provider of essential risk
management services, such as security, training, and global support
services to government and commercial clients throughout the world.


NEW YORK INN: Bankruptcy Court Grants AIIC's Motion to Dismiss
--------------------------------------------------------------
Judge Michelle V. Larson of the U.S. Bankruptcy Court for the
Northern District of Texas grants the Motion to Dismiss filed by
Associated Industries Insurance Company, Inc. in the adversary case
captioned as In re New York Inn Inc. d/b/a Viva Inn, Chapter 11,
Motel, Debtor.  New York Inn Inc. d/b/a Viva Inn Motel, and Viva
Inn, Inc. Plaintiffs, v. Associated Industries Insurance Company,
Inc. Defendant, Case No. 21-30958-mvl11, (Bankr. N.D. Tex.).

The Motion to Dismiss seeks to dismiss New York Inn, Inc. as a
plaintiff for lack of standing to bring the claims specified in the
Amended Original Complaint. According to the Amended Complaint,
Viva Inn, Inc. purchased property, business interruption, and
commercial liability insurance from Associated Industries Insurance
Company, Inc. Sometime in August 2020, Plaintiffs' principal, Danny
Patel, requested through an insurance agent that AIIC add New York
Inn as an additional insured on the Policy. The Plaintiffs allege
that this request was prompted by a request from Spectra Bank, the
mortgagee of the Property, who was identified as a loss payee on
the Policy. Following that request, AIIC added New York Inn as an
additional insured specifically as to commercial liability coverage
via an endorsement. Subsequently, the Property suffered a
catastrophic water leak as a result of Winter Storm Uri in February
of 2021, causing considerable damage and halting hotel operations
entirely. By the Amended Complaint, Plaintiffs New York Inn and
Viva Inn, Inc. assert certain causes of action under an insurance
policy for property damage to a hotel and the resulting business
interruption.

AIIC posits that New York Inn lacks standing to assert a breach of
contract claim as the claim arises under the property damage and
business interruption portions of the Policy, to which it is not a
named insured, additional insured, nor a third-party beneficiary.
AIIC also points out that in the Court's prior ruling on the
Defendant's original Motion to Dismiss, the Court noted that Viva
Inn is the sole named insured for the purposes of property coverage
and business interruption on the Policy. The Plaintiffs do not
specifically allege that New York Inn was ever a named insured to
the operative portions of the Policy. Instead, Plaintiffs allege
that New York Inn has standing to bring a breach of contract action
because it was "an intended and disclosed third-party beneficiary
to the Policy at the very least."

Even if the Court were to accept all of Plaintiffs' factual
allegations as true, the Plaintiffs cannot establish that New York
Inn is a third-party beneficiary under the operative sections of
the Policy. The Court finds that the provisions contained within
the four corners of the Policy do not state or imply any intent on
the part of AIIC to benefit New York Inn for the purposes of
property coverage or business interruption loss. The Policy names
only Viva Inn as the insured for those coverages, and contains only
a single reference to New York Inn, in an endorsement specifically
for the purposes of commercial liability coverage.

Because New York Inn is, at most, a third-party claimant and not an
insured under the operative portion of the Policy, the Court
concludes that New York Inn lacks standing to assert a claim for a
breach of the duty of good faith and fair dealing or for alleged
violations of the Texas Insurance Code.

Moreover, the Plaintiffs request that the Court reform the Policy
to include New York Inn as an additional insured "without
limitation to simply general liability," thereby declaring New York
Inn's right to bring a breach of contract claim. However, courts
applying Texas law have consistently held that an action for
reformation of contract may only be brought by the immediate
parties to the contract and those standing in privity with them. In
light of the foregoing, the Court concludes that New York Inn does
not have standing to request reformation of the Policy.

A full-text copy of the Order dated April 12, 2023, is available
https://tinyurl.com/ycmt7f7h from Leagle.com.

                        About New York Inn

A group of creditors including AP Interior, Prateek Desai and
Wajattat Ali Khan, filed an involuntary Chapter 11 petition against
Arlington, Texas-based New York Inn Inc. (Bankr. N.D. Tex. Case No.
21-30958) on May 21, 2021.  The creditors are represented by Bill
Rielly, Esq.

The Debtor owns and operates a hotel located in Arlington, Texas.
After an involuntary bankruptcy petition was filed, the Debtor
consented to an Order for Relief in order to restructure its debts
after suffering reduced revenues from the downturn in the economy
precipitated by the COVID-19 pandemic and also by damage to the
hotel due to the freeze that occurred in February 2021.
Additionally, the Hotel was damaged following the Texas winter
storm in February 2021 and has been closed since that time. The
Debtor is waiting for its property insurance company to release
funds to pay for the necessary repairs so that it can reopen. The
Debtor is commencing legal action to collect on its insurance and
has retained an independent adjuster, a contractor and litigation
counsel all of which it is seeking to employ to move this case
along.

The Debtor has $1.02 million in total assets and $2.35 million in
total liabilities.

Judge Michelle V. Larson oversees the case.

New York Inn tapped Joyce W. Lindauer Attorney, PLLC as bankruptcy
counsel.  Katharine Battaia Clark serves as the Subchapter V
Trustee. Under its Second Amended Plan of Reorganization Under
Subchapter V of Chapter 11, the Debtor will pay Secured Claims and
will pay a 10% return to Allowed Unsecured Claims over 36 months.


NEW YORK INN: Court Limits Viva Inn's Recovery for Attorney's Fees
------------------------------------------------------------------
In the adversary case captioned as In re New York Inn Inc. d/b/a
Viva Inn, Chapter 11, Motel, Debtor. New York Inn Inc. d/b/a Viva
Inn Motel, and Viva Inn, Inc. Plaintiffs, v. Associated Industries
Insurance Company, Inc. Defendant, Case No. 21-30958-mvl11, (Bankr.
N.D. Tex.), Judge Michelle V. Larson of the U.S. Bankruptcy Court
for the Northern District of Texas grants the Motion to Deny
Plaintiff's Claim for Attorney's Fees filed by Associated
Industries Insurance Company, Inc.

Associated Industries Insurance Company, Inc., seeks to limit
Plaintiff Viva Inn, Inc's recovery of attorney's fees in accordance
with the provisions of Chapter 542A of the Texas Insurance Code.
When AIIC filed its Amended Answer, it asserted that the Plaintiffs
failed to satisfy the notice requirements of section 542A. In the
Motion dated Dec. 13, 2022, AIIC expanded on that assertion,
arguing that Viva Inn's notice letter did not comply with section
542A.003 and requesting that the Court preclude any award of
attorney's fees to Viva Inn incurred after Nov. 15, 2022.

Specifically, AIIC argues that the notice letter is deficient in
the following ways: (1) it was void of any calculation of
reasonable and necessary fees incurred by Viva Inn as of the date
of the notice letter; (2) it did not include the required statement
that a copy of the notice was provided to Viva Inn; (3) it did not
include a statement of AIIC's alleged acts or omissions giving rise
to Viva Inn's claims; and (4) it states that Viva Inn has $400,000
in business income losses without providing supporting documents or
any explanation as to how the losses were calculated. On these
grounds, AIIC avers that Viva Inn cannot recover any attorney's
fees in the present case.

The Court notes that the Letter was sent on Nov. 22, 2021 -- a
little over four months prior to New York Inn's Original Complaint,
and nearly one year prior to the insured, Viva Inn, filing suit.
The Court finds that AIIC has properly pled and proven its right to
preclude the attorney's fees of Viva Inn after Dec. 13, 2022, for
lack of proper presuit notice under section 542A.007(d). Moreover,
the Court finds good cause to grant the Motion, because Viva Inn's
presuit notice letter only fulfilled one of the three notice
requirements of section 542A.003 of the Texas Insurance Code.

A full-text copy of the Order dated April 12, 2023, is available
https://tinyurl.com/3nfnc244 from Leagle.com.

                        About New York Inn

A group of creditors including AP Interior, Prateek Desai and
Wajattat Ali Khan, filed an involuntary Chapter 11 petition against
Arlington, Texas-based New York Inn Inc. (Bankr. N.D. Tex. Case No.
21-30958) on May 21, 2021.  The creditors are represented by Bill
Rielly, Esq.

The Debtor owns and operates a hotel located in Arlington, Texas.
After an involuntary bankruptcy petition was filed, the Debtor
consented to an Order for Relief in order to restructure its debts
after suffering reduced revenues from the downturn in the economy
precipitated by the COVID-19 pandemic and also by damage to the
hotel due to the freeze that occurred in February 2021.
Additionally, the Hotel was damaged following the Texas winter
storm in February 2021 and has been closed since that time. The
Debtor is waiting for its property insurance company to release
funds to pay for the necessary repairs so that it can reopen. The
Debtor is commencing legal action to collect on its insurance and
has retained an independent adjuster, a contractor and litigation
counsel all of which it is seeking to employ to move this case
along.

The Debtor has $1.02 million in total assets and $2.35 million in
total liabilities.

Judge Michelle V. Larson oversees the case.

New York Inn tapped Joyce W. Lindauer Attorney, PLLC as bankruptcy
counsel.  Katharine Battaia Clark serves as the Subchapter V
Trustee. Under its Second Amended Plan of Reorganization Under
Subchapter V of Chapter 11, the Debtor will pay Secured Claims and
will pay a 10% return to Allowed Unsecured Claims over 36 months.



NEWCO LLC: Case Summary & 12 Unsecured Creditors
------------------------------------------------
Debtor: NewCo, LLC
        3 Amalia Drive
        Nashua, NH 03063

Business Description: NewCo, LLC owns units in the Forest Wood
                      Development and Forest Gardens Development
                      and an undeveloped property in the Forest
                      Gadens Development valued at $8.5 million in
                      the aggregate.
                    
Chapter 11 Petition Date: May 12, 2023

Court: United States Bankruptcy Court
       District of New Hampshire

Case No.: 23-10250

Debtor's Counsel: Jesse Redlener, Esq.
                  ASCENDANT LAW GROUP, LLC
                  2 Dundee Park Drive
                  Suite 102
                  Andover, MA 01810
                  Email: jredlener@ascendantlawgroup.com          

Total Assets: $8,504,673

Total Liabilities: $3,764,050

The petition was signed by Jared R. Elliott as manager, sole
member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 12 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/BD5KXGY/NewCo_LLC__nhbke-23-10250__0001.0.pdf?mcid=tGE4TAMA


NOVUSON SURGICAL: Files Emergency Bid to Use Cash Collateral
------------------------------------------------------------
Novuson Surgical, Inc. asks the U.S. Bankruptcy Court for the
Western District of Washington, at Seattle, for authority to use
cash collateral.

Novuson requires the immediate use of cash collateral to continue
uninterrupted operations.

As was the case with businesses worldwide, economic uncertainty
arising from the COVID-19 pandemic in 2021 and 2022 resulted in a
significant slowdown of Novuson's projected funding. In order to
maintain operations, Novuson entered into obligations in late 2022
and early 2023 to these parties:

     1. Headway Capital, LLC provided a Line of Credit to Novuson
for liquidity for its business operations. The current balance of
the Line of Credit is $56,885. Loan documents executed in
connection with the Line of Credit include a Business-Use Line of
Credit and Security Agreement dated December 28, 2022, but no
separate Security Agreement.

     2. Sam Liao provided a loan to the Novuson for liquidity for
necessary business funds. The current balance on the Liao Loan is
$7,500. Loan documents executed in connection with the Liao Loan
including a Promissory Note and a Security Agreement dated March 8,
2023. Under the Liao Loan, Novuson granted Liao a security interest
in "all of the Company's assets." The UCC-1 results for Washington
State do not reflect that Liao filed a financing statement or
otherwise perfected his security interest.

     3. Stuart Mitchell provided two loans to the Novuson for
liquidity for necessary business funds. The first loan has a
current balance of $20,000. The second loan has a current balance
of $30,000. Loan documents executed in connection with the first
loan including a Promissory Note and a Security Agreement dated,
March 1, 2023 and March 11, 2023.

In early 2022, certain of Novuson's investors and creditors filed a
complaint against the company for breach of contract in the King
County Superior Court. At the conclusion of the Noteholder Case,
judgment was entered against Novuson, on or about October 10, 2022,
in the amount of approximately $1.4 million.

On March 21, 2023, upon the petition of the Noteholders, the King
County Superior Court entered an Order Appointing General Receiver
over Novuson's assets.

Novuson has already experienced a delay in operations due to the
appointment of the State Court Receiver, which threatened its
congoing operations and its relationships with vendors, creditors,
and contractors, and prevented Novuson from continuing its efforts
to secure additional investors.

Given the Debtor has a prima face basis to challenge the
enforceability of the Secured Creditors' liens, the Debtor submits
that it is unnecessary to provide adequate protection in the form
of either replacement liens or adequate protection payments on an
interim basis, until a final hearing to determine whether the
Debtor requires an order for the use of cash collateral at all.
Should Headway, Liao, or Mitchell provide evidence that their
Secured Obligations give rise to an enforceable security interest
post-petition, those parties should be required to provide such
evidence prior to a final hearing

A copy of the motion is available at https://bit.ly/3BiJDGI from
PacerMonitor.com.

                       About Novuson Surgical

Novuson Surgical, Inc., a company in Bothell, Wash., filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. W.D. Wash. Case No. 23-10728) on April 21, 2023, with
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities. Stuart B. Mitchell, president of Novuson Surgical,
signed the petition.

Judge Timothy W. Dore oversees the case.

Aditi Paranjpye, Esq., at Cairncross & Hempelmann, P.S., is the
Debtor's counsel.



ONE CALL: $700M Bank Debt Trades at 23% Discount
------------------------------------------------
Participations in a syndicated loan under which One Call Corp is a
borrower were trading in the secondary market around 77.0
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $700 million facility is a Term loan that is scheduled to
mature on April 22, 2027.  The amount is fully drawn and
outstanding.

One Call is a healthcare network management company and a provider
of specialized solutions to the workers' compensation industry.


OWENS-BROCKWAY GLASS: S&P Assigns 'B+' Rating on New Unsec. Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to OI European Group B.V.'s (OIEG) proposed senior
unsecured notes due 2028. The '3' recovery rating indicates its
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of a default.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating and '5' recovery rating to Owens-Brockway Glass Container
Inc.'s (OBGC) proposed senior unsecured notes due 2031. The '5'
recovery rating indicates our expectation for modest (10%-30%;
rounded estimate: 10%) recovery in the event of a default.

"The company intends to use the net proceeds from these offerings
to repay debt, specifically OBGC's $250 million 5.875% notes due
2023 and OIEG's EUR725 million 3.125% notes due 2024. O-I Glass
Inc. will concurrently run a tender offer for those notes. All of
our existing ratings on O-I Glass, including our 'BB-' issuer
credit rating, are unchanged."



PACKABLE HOLDINGS: Court OKs Final Cash Collateral Access
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Packable Holdings, LLC, and its affiliate to use cash collateral on
a final basis in accordance with the budget.

The Debtors require the use of cash to, among other things,
preserve and maximize the value of the assets of each Debtor's
bankruptcy estate.

Debtors Holdings and Pharmapacks, LLC are borrowers under a Credit
Agreement, dated as of July 24, 2020, by and among Holdings and
Pharmapacks, JPMorgan Chase Bank, N.A. as agent and lender, and
additional lenders from time to time party thereto, in an aggregate
principal amount not to exceed $60 million, with availability based
on the value of certain of the Debtors' accounts receivable and
inventory, less certain offsets, reserves, and availability blocks.
The ABL Facility was scheduled to mature on January 15, 2023.

All obligations under the ABL Facility are guaranteed on a senior
secured first-lien basis by each of Packable's wholly owned
domestic subsidiaries. Pursuant to a Pledge and Security agreement
dated as of July 24, 2020, the ABL Facility is secured by first
priority security interests in and liens on the "Collateral", which
is comprised of substantially all of the Debtors' assets, including
intellectual property. In addition, the ABL Lenders have cash
dominion over Packable's operating accounts and, in specified
circumstances, over its investment account.

On April 14, 2022, contemporaneously with the closing of the Term
Loan Facility, the ABL Lenders and Packable entered into a
forbearance agreement to address certain defaults by Packable and
an agreed-upon forbearance by the ABL Lenders. The ABL Forbearance
Agreement required Packable to maintain minimum liquidity of at
least $10 million at all times, and to deposit cash into a
restricted cash account to cure any deficiency in the borrowing
base in the event the borrowing base fell below $47 million.

On April 14, 2022, Holdings entered into the Term Loan Credit
Agreement, which governs a multi-tranche term loan facility with
Alter Domus (US) LLC, in the aggregate principal amount of $95.4
million, comprised of $86.7 million in Tranche A loans and $8.715
million in bridge loans. As of the Petition Date, the aggregate
principal amount outstanding under the Term Loan Facility was $95.4
million.

As adequate protection, the Prepetition Secured Parties are granted
adequate protection liens and superpriority claims to protect the
Prepetition Secured Parties against any diminution in value
occurring from and after the Petition Date and arising from, among
other things, the Debtors' use, lease, consumption or disposition
of the Prepetition Collateral as of the Petition Date, including
cash collateral.

A copy of the order is available at https://bit.ly/3HYtY3e from
PacerMonitor.com.

                   About Packable Holdings LLC

Packable Holdings LLC -- https://www.packable.com/ -- is a
multi-marketplace e-commerce enablement platform.

Packable Holdings LLC and five affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 22-10797) on August 29, 2022. In the petition filed by Maria
Harris, as chief legal officer, the Debtor reported assets and
liabilities between $100 million and $500 million each.

Judge Craig T. Goldblatt oversees the case.

Cooley LLP and Potter Anderson & Corroon LLP serve as the Debtors'
attorneys.  Alvarez and Marsal North America, LLC, is the financial
advisor.  Epiq Corporate Restructuring, LLC, is the claims agent.
Hilco Merchant Resources, LLC, is the liquidation agent.

The Official Committee of Unsecured Creditors is represented by
A.M. Saccullo Legal, LLC and Kelley Drye & Warren LLP.

JPMorgan Chase Bank, N.A., as Administrative Agent, is represented
by Richards, Layton & Finger, P.A. and Morgan, Lewis & Bockius
LLP.



PALACE CAFE: Amends Louisiana Revenue Dept. Secured Claims Pay
--------------------------------------------------------------
Palace Cafe, Inc., submitted a Second Amended Small Business
Combined Plan of Reorganization and Disclosure Statement dated May
9, 2023.

After the filing of the bankruptcy petition, the Debtor was
authorized to continue in business under the protection of the
Bankruptcy Code and to attempt to work out an arrangement with
creditors on a plan for the repayment of its debts.

At this time, Debtor derives no income from the operations or rents
of the restaurant or other commercial property. It is the intention
of the Debtor to sell and liquidate the restaurant building located
at 135 West Landry Street and the commercial office building
located at 133 West Landry Street using the proceeds of any such
sales to pay its creditors. It is the intention of the Debtor to
pay all allowed unsecured creditors 100% of such allowed claims.

The sale of properties will be conducted after the properties have
been noticed for sale in such a way as to expose the sale to market
forces, to allow for competitive bidding and after arm's-length
negotiations.

Class 3 consists of the Allowed Secured Claim of the Louisiana
Department of Revenue (hereinafter "LDR"). The secured claim of LDR
is derived from a tax lien filed against the Debtor in the Official
Records of St. Landry Parish by LDR on May 1, 2019. This tax lien
acts as a mortgage on all real property owned by the Debtor in St.
Landry Parish. As of the date of filing of this Plan, the secured
claim due LDR was $49,528.31 inclusive of accrued interest and
attorney fees in accordance with the proof of claim filed in this
proceeding.

The Allowed Secured Claim of LDR in the sum of $49,528,31 will be
paid in full from the proceeds of the sale of 135 West Landry
Street and the sale of 133 West Landry Street. This is an impaired
class. For the avoidance of doubt, LDR's lien shall attach to the
proceeds of the sale of the two properties until paid in full
pursuant to applicable non-bankruptcy law. LDR's Secured Claim in
the amount of $49,256.31 shall be paid together with all reasonable
fees, costs or charges and post-petition interest required on such
claim.

Like in the prior iteration of the Plan, Holders of Allowed Class 5
General Unsecured Claims shall receive one or more cash
distributions on a pro rata basis following payments of Allowed
Administrative Claims and Allowed Priority Claims. This is an
impaired class.

The Debtor believes that the sales of the restaurant building
located to 135 West Landry Street and the commercial building
located at 133 West Landry Street, Opelousas, Louisiana and will
generate sufficient funds to pay all Allowed Claims 100%. If there
are allowed claims remaining unpaid after the sales of both
properties, then there will be no further distribution to any
creditors under this Plan.

The sales shall be made free and clear of all liens and
encumbrances with all valid and perfected security interests in the
properties sold to attach to the proceeds of the sale in the order
and with the priority as provided by applicable law and as those
interests appear of record.

From the proceeds of any sale, the Debtor will:

     * Pay all costs associated with the sale and transfer of the
property, including any capital gains taxes as a result of the
sale;

     * Then to the secured creditors in the order and priority as
provided by applicable law and as those interests appear of
record;

     * The remaining funds shall then be paid to administrative
claims and priority claims in the manner and order provided by
applicable law; and

     * Finally, from any remaining sales proceeds the following
allowed unsecured claims shall receive pro rata payments until paid
in full.

A full-text copy of the Second Amended Small Business Combined Plan
and Disclosure Statement dated May 9, 2023 is available at
https://bit.ly/3Mr4crc from PacerMonitor.com at no charge.

Debtor's Counsel:

     D. Patrick Keating, Esq.
     THE KEATING FIRM, APLC
     P.O. BOX 3426
     Lafayette, LA 70502
     Phone: (337)594-8200
     Email: rickkeating@charter.net

                        About Palace Cafe

Palace Cafe, Inc., owned and operated a popular restaurant in
Opelousas, Louisiana under the Doucas family. The Debtor sought
protection for relief under Chapter 11 of the Bankruptcy Code
(Bankr. W.D. La. Case No. 22-50478) on July 25, 2022, listing
$100,001 to $500,000 in both assets and liabilities. Judge John W.
Kolwe oversees the case.

D. Patrick Keating, Esq. at the Keating Firm, APLC, is the Debtor's
counsel.


PANOS FITNESS: May Use Cash Collateral Thru Mid-June
----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of New York
authorized Panos Fitness, LLC to use cash collateral on an interim
basis in accordance with the budget.

The Debtor is permitted to use cash collateral to pay only (i)
reasonable and necessary expenses to be incurred in the ordinary
course in connection with the operation of its business and in
accordance with the 13-week cash flow projection, (ii)
administrative expenses incurred in connection with the Subchapter
V Case, and (iii) other payments as may be authorized by separate
Court order. The Debtor's cumulative cash disbursements will not be
more than 10% of the projected amount set forth in the Cash Flow
Projection.

As adequate protection for the use of cash collateral, DCC
Shamrock, LLC will receive, to the extent of any diminution in the
value of its interest in the DCC's interest in the Prepetition
Collateral, and effective as of the Petition Date, perfected
replacement security interests in, and valid, binding, enforceable
and perfected liens or mortgages, on all of the Debtor's
Postpetition Collateral to the same extent of its prepetition
liens.

As additional adequate protection for the use of cash collateral,
DCC will receive monthly payments in the amount of $5,000 each
commencing during the first week of May 2023.

These events constitute an "Event of Default":

     a) The abrogation or modification of the Order either by
appeal or otherwise;

     b) The entry of an order appointing a Chapter 11 Trustee or
examiner for Debtor and/or the property of the Debtor;

     c) The entry of an order converting the Debtor's Chapter 11
case to a case under Chapter 7 of the Bankruptcy Code; and

     d) The Debtor's breach of any of the terms and conditions of
the Order, including by not limited to, any failure to make DCC
Adequate Protection Payments when and as due.

A final hearing on the matter is set for June 15, 2023 at 11:30
a.m.

A copy of the Court's order is available at https://bit.ly/3NNvcly
from PacerMonitor.com.

           About Panos Fitness, LLC

Panos Fitness, LLC operates physical fitness facilities. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. N.D.N.Y. Case No. 23-30184) on March 29, 2023. In the
petition signed by Dean S. Panos, managing member, the Debtor
disclosed up to $1 million in assets and up to $10 million in
liabilities.

Judge Wendy A. Kinsella oversees the case.

Stephen A. Donato, Esq., at Bond, Schoeneck & King, PLLC,
represents the Debtor as legal counsel.


PARAMOUNT REAL: June 13 Disclosure Statement Hearing Set
--------------------------------------------------------
Judge Brenda T. Rhoades has entered an order within which June 13,
2023 at 9:30 am at the U.S. Bankruptcy Court, 660 N. Central
Expressway, Third Floor, Plano, Texas 75074 is the hearing to
consider the approval of the Disclosure Statement filed by
Paramount Real Estate Holdings, LLC.

Judge Rhoades further ordered that June 6, 2023 is fixed as the
last day for filing and serving written objections to the
Disclosure Statement.

A copy of the order dated May 8, 2023 is available at
https://bit.ly/3O7v6FQ from PacerMonitor.com at no charge.

Counsel for the Debtor:

     Mark A. Castillo, Esq.
     Robert C. Rowe, Esq.
     CARRINGTON, COLEMAN, SLOMAN & BLUMENTHAL, L.L.P.
     901 Main Street, Suite 5500
     Dallas, TX 75202
     Telephone: 214-855-3000
     Facsimile: 214-580-2641
     E-mail: markcastillo@ccsb.com
             rrowe@ccsb.com

               About Paramount Real Estate Holdings

Paramount Real Estate Holdings, LLC, is a single asset real estate
as defined in 11 U.S.C. Sec. 101(51B).

Paramount Real Estate Holdings filed a petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Texas Case No.
23-40020) on Jan. 2, 2023.  In the petition filed by its chief
executive officer, Ryan Cole, the Debtor reported $10 million to
$50 million in both assets and liabilities.

Judge Brenda T. Rhoades oversees the case.

The Debtor is represented by Robert C. Rowe, Esq., at Carrington
Coleman Sloman & Blumenthal, LLP.


PETES AUTO: Seeks Cash Collateral Access
----------------------------------------
Petes Auto Sales and Service, LLC asks the U.S. Bankruptcy Court
for the District of Connecticut for authority to use cash
collateral and provide adequate protection.

The Debtor requires the use of cash collateral to continue its
operations.

On January 6, 2021, the Debtor executed a Floorplan Note in the
principal amount of $50,000in favor of Shamrock Finance, LLC.

The Shamrock Note is validly perfected by virtue of Financing
Statement filed with the Connecticut Secretary of State dated
January 6, 2021.

On February 19, 2021, the Debtor executed Receivables Purchase
Agreement in the principal amount of $40,000 in favor of Lendora
Capital, LLC which is secured by a security interest in all of the
Debtor's future receivables, inventory equipment, goods, accounts
investment property, and other personal property and assets.

The Lendora Agreement is validly perfected by virtue of an Original
Financing Statement filed with the Connecticut Secretary of State
dated March 3, 2021.

The Debtor's cash receipts constitute collateral pledged to the
Shamrock Note and Lendora Agreement pursuant to the security
instruments associated with each promissory note.

As adequate protection against any post-petition erosion of
Shamrock's and Lendora's interest in the cash collateral within the
meaning of 11 U.S.C. sections 361 and 363, the Debtor proposes to
grant to Shamrock and Lendora replacement liens on all property of
the Debtor's bankruptcy estate, excluding avoidance actions under
Chapter 5 of the Bankruptcy Code and subject to carve-outs as more
particularly set forth in the Proposed Order Authorizing Use of
Cash Collateral, as well as a Super Priority Administrative Claim,
subject to the similar carve-out.

A copy of the motion is available at https://bit.ly/42AeDhh from
PacerMonitor.com.

              About Petes Auto Sales and Service, LLC

Petes Auto Sales and Service, LLC is engaged in the business of
auto sales and service, with its garage located in Norwich,
Connecticut.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Conn. Case No. 23-20344) on May 5, 2023.
In the petition signed by Jody Kenyon, member, the Debtor disclosed
up to $500,000 in both assets and liabilities.

Gregory F. Arcaro, Esq., at Advanced Bankruptcy Legal Services of
Connecticut, represents the Debtor as legal counsel.


PG&E CORP: Fire Victims, Investors Fight Over Insurance
-------------------------------------------------------
Dorothy Atkins of Law360 reports that a group of PG&E stockholders
asked the Ninth Circuit Friday, May 5, 2023, to reverse a finding
that the utility can deduct director and officers, or D&O,
indemnification insurance payments from their claims, while
wildfire victims argued that the investors were unfairly trying to
get preferential treatment after PG&E emerged from Chapter 11
bankruptcy.  A full-text copy of the report is available at:

https://www.law360.com/bankruptcy/articles/1604888/pg-e-investors-fire-victims-spar-over-insurance-at-9th-circ-

                     About PG&E Corporation

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

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

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088).  As of Sept.
30, 2018, the Debtors, on a consolidated basis, had reported $71.4
billion in assets on a book value basis and $51.7 billion in
liabilities on a book value basis.

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

PG&E has appointed James A. Mesterharm, a managing director at
AlixPartners, LLP, and an authorized representative of AP Services,
LLC, to serve as Chief Restructuring Officer. In addition, PG&E
appointed John Boken also a Managing Director at AlixPartners and
an authorized representative of APS, to serve as Deputy Chief
Restructuring Officer.

Morrison & Foerster LLP served as the Debtors' special regulatory
counsel.  Munger Tolles & Olson LLP also served as special
counsel.

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

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

                          *     *     *

PG&E Corporation and Pacific Gas and Electric Company announced
July 1, 2020, that PG&E has emerged from Chapter 11, successfully
completing its restructuring process and implementing PG&E's Plan
of Reorganization ("Plan") that was confirmed by the United States
Bankruptcy Court on June 20, 2020.  

For the benefit of fire victims, the Plan provided for a Fire
Victim Trust, which was funded with an oft-stated value of $13.5
billion, to be half in cash and half in new company PG&E common
stock.  The $6.75 billion in cash was paid.  With respect to the
stock consideration, 478 million shares of PG&E stock were
delivered to the Fire Victim Trust in accordance with an agreed-to
formula under the Plan.


PHOENIX HOLDINGS: Exclusivity Period Extended to June 19
--------------------------------------------------------
Judge Elizabeth S. Stong of the U.S. Bankruptcy Court for the
Eastern District of New York extended Phoenix Holdings &
Investments LLC's exclusivity periods to file a Chapter 11 plan
and solicit acceptances thereof to June 19, 2023.

               About Phoenix Holdings & Investments

Phoenix Holdings & Investments, LLC is a Brooklyn, N.Y.-based
company engaged in renting and leasing real estate properties. It
is the fee simple owner of a real property located at 512 Classon
Ave., Brookyln, which is valued at $1.1 million.

Phoenix Holdings & Investments filed its voluntary petition for
Chapter 11 protection (Bankr. E.D.N.Y. Case No. 22-40292) on Feb.
18, 2022, listing $1,100,000 in assets and $2,056,355 in
liabilities. On Feb. 22, 2022, the case was transferred to the
appropriate office under Case No. 22-70303. On May 9, 2022, the
case was reassigned from Judge Nancy Hershey Lord to Judge
Elizabeth S. Stong and was assigned a new case number (Case No.
22-40981).

The Law Offices of Avrum J. Rosen, PLLC serves as the Debtor's
legal counsel.


PRECISION FORGING: Court OKs Cash Collateral Access Thru June 15
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Los Angeles Division, authorized Precision Forging Dies, Inc. to
use cash collateral on an interim basis in accordance with the
budget, through June 15, 2023.

As previously reported by the Troubled Company Reporter, these
entities appear to assert an interest in the cash collateral:

     -- Global Finance Group, Inc.,
     -- Financial Pacific Leasing, Inc.,
     -- TCF National Bank,
     -- CT Corporation System,
     -- Citibank, N.A.,
     -- Bank of The West,
     -- U.S. Small Business Administration, and
     -- Signature Finance LLC

The Debtor's secured creditors are mostly equipment lenders, many
of which hold liens exclusive to specific pieces of machinery for
which the Debtor's debt to such creditors was incurred. Among these
creditors are Global Finance Group, with which the Debtor has had a
26-year relationship and experienced no default issues until after
the pandemic. Global Finance and other secured creditors commenced
pre-petition litigation against the Debtor regarding debt defaults
and actions to attach or obtain possession of their collateral. One
creditor, Signature Financial Leasing LLC, which previously had
UCC-1 liens filed against the Debtor, filed a JL-1 UCC lien against
the Debtor's assets in October 2022.

The Debtor also disputes alleged secured liens filed by Citibank,
N.A. and CT Corporation System, as Representative, potentially
among other filings.

The Debtor is directed to commence making make monthly adequate
protection payments of $731 by the tenth of every month to the SBA,
as agreed on the record.

A final hearing on the matter is set for June 15, 2023 at 10 a.m.

A copy of the order is available at https://bit.ly/3nHY0l5 from
PacerMonitor.com.

              About Precision Forging Dies, Inc.

Precision Forging Dies, Inc. specializes in precision manufacturing
and servicing of structural components, tooling, and turbines for
military, commercial and space industries.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-12015) on April 3,
2023. In the petition signed by Dan Kloss, chief executive officer,
chief financial officer, the Debtor disclosed up to $50 million in
assets and up to $10 million in liabilities.

Judge Julia W. Brand oversees the case.

Robert P. Goe, Esq., at Goe Forsythe and Hodges LLP, represents the
Debtor as legal counsel.



PROTECH METALS: Hearing Tuesday on Continued Cash Collateral Use
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North
Carolina, Greensboro Division, is scheduled to hold a hearing May
16 at 9:30 a.m. to consider the request of Protech Metals, LLC to
continue using cash collateral.

The Bankruptcy Court previously authorized Protech Metals to use
cash collateral on an interim basis in accordance with the budget,
with a 10% variance, through May 16.

The Debtor has indicated it is dependent upon the use of the cash
collateral to pay on-going costs of operating the business and
insuring, preserving, repairing and protecting all its tangible
assets.

The Debtor's bank accounts are subject to:

     -- a lien by NowAccount Network Corporation based on a UCC-1
financing statement filed on July 28, 2022.

     -- a lien by Carolina Business XChange d/b/a Sunbelt Business
Brokers of Durham based on filed UCC-1 financing statement filed on
August 1, 2022.

     -- a lien by CT Corporation System based on filed UCC-1
financing statement filed on September 12, 2022.

     -- a lien by CT Corporation System based on filed UCC-1
financing statement filed on September 22, 2022.

     -- a lien by Corporation Service Company based on filed UCC-1
financing statement filed on December 13, 2022.

NowAccount Network Corporation, Carolina Business XChange d/b/a
Sunbelt Business Brokers of Durham, CT Corporation System, and
Corporation Service Company assert a secured interest in the
deposit accounts of which would constitute "Cash Collateral" as
that term is defined in the Bankruptcy Code.

The Debtor is authorized to make payroll payments to the extent as
provided in the Budget; provided however, the Debtor is not
authorized to make any payroll payments to William R. Hall or Dr.
Myra Hall in the form of wages, rents, or other compensation.

As listed on the Budget, the Debtor is directed to make a payment
of $1,000 by May 5, 2023 at 5 p.m. to the Trust Account of Bell
Davis & Pitt P.A., which will be available for payment of the
Subchapter V Trustee's fees as may subsequently be approved in the
case, or as may be applied without approval from the Court in the
event the case is dismissed for cause prior to the review and
approval of such fees.

As adequate protection for the Secured Parties' interest in the
cash collateral, the Secured Creditors are granted a perfected
replacement lien in all postpetition assets of the Debtor of to the
same extent and priority as existed prepetition to the extent of
diminution in value of the Secured Parties' collateral occasioned
by the Debtors' use of cash collateral.  

The Order will remain in full force and effect until the earlier of
(a) entry of an Order by the Court modifying the terms of the
Order, (b) entry of an Order by the Court terminating the right to
use cash collateral, (c) the effective date of any confirmed plan,
(d) a sale of substantially all assets of the estate, (e)
conversion to Chapter 7, and (f) dismissal of the case.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3M7OSiL from PacerMonitor.com.

                   About Protech Metal Finishing

Protech Metal Finishing, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D.N.C. Case No. 23-80078) on April
27, 2023.  In the petition signed by William Rickey Hall,
member-manager, the Debtor disclosed up to $50,000 in assets and up
to $500,000 in liabilities.

Judge Benjamin A. Kahn oversees the case.

Erik M. Harvey, Esq., at Bennett Guthrie PLLC, represents the
Debtor as legal counsel.



PUERTO RICO: PREPA Bankruptcy at Risk of Dismissal
--------------------------------------------------
Michelle Kaske of Bloomberg News reports that Puerto Rico's
bankrupt electric utility may not get another chance to craft a
proposal to cut about $9 billion of debt, if the court overseeing
its case fails to approve a restructuring plan that most
bondholders have yet to accept.

That's the warning that US District Court Judge Laura Taylor Swain
gave May 8 to the financial oversight board that's managing the
power utility's nearly six-year bankruptcy.  The judge summoned the
parties after they failed to participate in any court-monitored
mediation sessions this year even though she ordered such action
multiple times.

                        About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States.  The chief of state is the President of the
United States of America. The head of government is an elected
Governor.  There are two legislative chambers: the House of
Representatives, 51 seats, and the Senate, 27 seats.  The
governor-elect is Ricardo Antonio "Ricky" Rossello Nevares, the son
of former governor Pedro Rossello.

In 2016, the U.S. Congress passed PROMESA, which, among other
things, created the Financial Oversight and Management Board and
imposed an automatic stay on creditor lawsuits against the
government, which expired May 1, 2017.

The members of the oversight board are: (i) Andrew G. Biggs, (ii)
Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J.
Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii)
David A. Skeel Jr.

On May 3, 2017, the Commonwealth of Puerto Rico filed a petition
for relief under Title III of the Puerto Rico Oversight,
Management, and Economic Stability Act ("PROMESA").  The case is
pending in the United States District Court for the District of
Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico's
PROMESA petition is available at
http://bankrupt.com/misc/17-01578-00001.pdf        

On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation
(COFINA) commenced a case under Title III of PROMESA (D.P.R. Case
No. 17-01599).  Joint administration has been sought for the Title
III cases.

On May 21, 2017, two more agencies -- Employees Retirement System
of the Government of the Commonwealth of Puerto Rico and Puerto
Rico Highways and Transportation Authority (Case Nos. 17-01685 and
17-01686) -- commenced Title III cases.

U.S. Chief Justice John Roberts named U.S. District Judge Laura
Taylor Swain to preside over the Title III cases.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq.,
at O'Neill & Borges LLC are onboard as attorneys.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains the case web site
https://cases.primeclerk.com/puertorico

Jones Day is serving as counsel to certain ERS bondholders.

Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General
Obligation Bondholders.


PUG LLC: $1.7B Bank Debt Trades at 17% Discount
-----------------------------------------------
Participations in a syndicated loan under which Pug LLC is a
borrower were trading in the secondary market around 83.0
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.70 billion facility is a Term loan that is scheduled to
mature on February 13, 2027.  About $1.65 billion of the loan is
withdrawn and outstanding.

PUG LLC provides an online marketplace for secondary tickets along
with payment support, logistics, and customer service. It acquired
the StubHub business of eBay Inc.



QUALITY HEATING: Court OKs Cash Collateral Access Thru May 24
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Quality Heating and Air Conditioning Company, Inc. to use cash
collateral, on an interim basis, in accordance with the budget,
through May 24, 2023.

The Debtor acknowledges and agrees that as of the Petition Date,
the claims and liens of Wilmington Savings Fund Society, FSB: (a)
were valid, binding, enforceable, non-avoidable, and properly
perfected and were granted to, or for the benefit of, Wilmington
Savings Fund for fair consideration and reasonably equivalent
value; (b) were senior in priority over any and all other liens on
its prepetition collateral; (c) were enforceable in accordance with
the terms of the prepetition loan documents; and (d) constitute
allowed, secured claims within the meaning of 11 U.S.C sections 502
and 506.

As adequate protection, Wilmington Savings Fund is granted adequate
protection, replacement security interests in and replacement liens
in post-petition assets acquired using the cash collateral to the
same extent and priority as existed pre-petition in accordance with
11 U.S.C. section 361. The replacement liens and security interests
granted to Wilmington Savings Fund are automatically deemed
perfected upon entry of the Order without the necessity of the
lender taking possession, filing financing statements, mortgages or
other documents.

As further adequate protection, the Debtor will make regular
monthly payments to Wilmington Savings Fund as required under the
loan documents, in the amounts set forth in the regular monthly
statements issued by the lender with the initial payments to be
made on or before April 3, 2023 and the Debtor will pay, in
addition thereto, $100,000 from the unencumbered proceeds to be
paid to the Debtor by Joseph M. Zimmer, Inc., which Wilmington
Savings Fund will apply to the balance of the obligations owed to
the lender, including reasonable postpetition legal fees and
expenses.

The Small Business Administration is granted, as assurance of
adequate protection, replacement liens in postpetition assets to
the same extent and priority as existed pre-petition in accordance
with 11 U.S.C. section 361.

A further hearing on the matter is set for May 24 at 9:30 a.m.

A copy of the Court's order is available at https://bit.ly/3Be8Xhm
from PacerMonitor.com.

            About Quality Heating and Air Conditioning

Headquartered in Newport, Delaware, Quality Heating and Air
Conditioning provides HVAC and sheet metal services across the
Delaware, Maryland, Pennsylvania, New Jersey and Virginia areas.
Quality Heating specializes in the construction and commercial
industries and was founded over 50 years ago. It is capable of all
phases of sheet metal work and has worked on an extensive variety
of projects including new construction, industrial, pharmaceutical,
medical, educational, remodels and design-build. It has over 40,000
square feet of space dedicated to custom fabrication.

Quality Heating sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10354) on March 27,
2023. In the petition signed by Horace Adam Wahl, III, president,
the Debtor disclosed up to $50 million in both assets and
liabilities.

Judg Karen B. Owens oversees the case.

Ronald S. Gellert, Esq., at Gellert Scali Busenkell & Brown, LLC,
represents the Debtor as legal counsel.



R & D CARPENTER: Rental Income to Fund Plan Payments
----------------------------------------------------
R & D Carpenter Holdings, LLC filed with the U.S. Bankruptcy Court
for the Western District of Louisiana a Small Business Combined
Plan of Reorganization and Disclosure Statement dated May 9, 2023.

The Debtor owns properties located at 3603 Melancon Road,
Broussard, Louisiana, and 2007 CLAT mobile home located at 2817
Buckskin Lane, New Iberia, Louisiana.

The Debtor's sole income comes from the rent collected on the 2007
CLAT mobile home and from contributions made by Rick & Diana
Carpenter for the use of their family home.

The notes due b1Bank matured on April 29, 2021. On or about January
5, 2022, b1Bank filed a Suit on Note and for Recognition of
Mortgage and Security Agreement in the 16th Judicial District
Court, Iberia Parish, Louisiana bearing Docket Number 138376,
Division C against R & D. This lawsuit sought to obtain a judgment
and ultimately seize and sell the family home located at 3603
Melancon Road and the 2007 CLAT mobile home. In order to preserve
the considerable equity in this collateral, on December 1, 2022, R
& D filed this Chapter 11 proceeding.

After the filing of the bankruptcy petition, R & D was authorized
to continue in business under the protection of the Bankruptcy Code
and to attempt to work out an arrangement with creditors on a plan
for the repayment of its debts.

There are no known unsecured creditors in this case.

Class 1 consists of the Allowed Secured Claim # 1 of b1Bank. This
secured claim of b1Bank is secured by a first mortgage on the
residential real property located at 3603 Melancon Road, Louisiana
owned by the Debtor. This is a fully secured claim. As of the date
of filing of this Plan, the Allowed Secured Claim # 1 of b1Bank is
$160,779.96 inclusive of accrued interest and attorney fees as set
forth in the proof of claim filed by b1Bank in this matter

The Allowed Secured Claim # 1 of the b1Bank will be amortized over
120 months and accrue interest at rate of 7.5% per annum from date
until paid and will be satisfied by payments of 83 equal monthly
payments in the amount of $1,908.49 each and one final payment on
the 84th month in an amount equal to the entire unpaid balance of
principal and interest then due shall be immediately due and
payable. Until the Allowed Secured Claim of b1Bank is paid in full,
b1Bank will retain its lien on the Debtor's assets to the same
extent held on the Petition Date.

Class 2 consists of the Allowed Secured Claim # 2 of b1Bank. This
secured claim of b1Bank is secured by a first mortgage on a 2007
CLAT mobile home located at 2817 Buckskin Lane, New Iberia,
Louisiana owned by the Debtor. This is a fully secured claim. As of
the date of filing of this Plan, the Allowed Secured Claim # 2 of
b1Bank is $13,855.27 inclusive of accrued interest and attorney
fees as set forth in the proof of claim filed by b1Bank in this
matter.

The Allowed Secured Claim # 2 of the b1Bank will be amortized over
60 months and accrue interest at rate of 7.5% per annum from date
until paid and will be satisfied by payments of 60 equal monthly
payments in the amount of $277.63 each. In addition, the Debtor
shall pay all insurance and taxes. Until the Allowed Secured Claim
of b1Bank is paid in full, b1Bank will retain its lien on the
Debtor's assets to the same extent held on the Petition Date.

R & D believes it will have sufficient income to make payments to
all creditors. R & D has performed well during this Chapter 11 case
and has sufficient income to make plan payments. R & D's history
shows that it can make the proposed plan payments.

At the time of filing this Plan, the Debtor has cash on hand
totaling the sum of $4,645.18.

The Debtor will rely on the rental income received from the 2007
CLAT mobile home and on contributions from its principals, Ricky
and Diana Carpenter to fund the payments proposed by this Plan. The
Carpenters' income is derived from rentals received from
residential and commercial rental properties. The ability of the
tenants (or any future tenant) to timely pay the rent to the
Carpenters could have an impact on the Carpenters' ability to make
the contributions to the Debtor.

A full-text copy of the Combined Plan and Disclosure Statement
dated May 9, 2023 is available at https://bit.ly/42V4A6q from
PacerMonitor.com at no charge.

Attorney for the Debtor:

     D. Patrick Keating, Esq.
     The Keating Firm, APLC
     P.O. BOX 3426
     Lafayette, LA 70502
     Phone: (337)594-8200
     Email: rickkeating@charter.net

                  About R & D Carpenter Holdings

R & D Carpenter Holdings, LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. La. Case No.
22-50815) on Dec. 1, 2022, with as much as $1 million in both
assets and liabilities. D. Patrick Keating, Esq., at The Keating
Firm, APLC represents the Debtor as counsel.


R&W CLARK CONSTRUCTION: Seeks Cash Collateral Access
----------------------------------------------------
R&W Clark Construction, Inc. asks the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, for authority to
use cash collateral.

The Debtor requires access to its post-petition receipts to pay
rent, employees, supplies, materials, union and related
contribution payments, insurance, and other necessary expenses
associated with and necessary for the operation of its business.

Three creditors may assert a security interest in and to the
Debtor's assets:

     a. The Illinois Department of Employment Security asserts a
security interest in the Collateral based upon the filing of
notices of lien filed for the time period from February 11, 2004
through December 11, 2018. The IDES asserts a secured claim in the
amount of $294,758.

     b. The Internal Revenue Service asserts a security interest in
the Collateral based upon the filing of notices of lien filed for
the time period from August 7, 2012 through February 23, 2023. The
IRS asserts a secured claim in the amount of $1,210,075.

     c. The U.S. Small Business Administration asserts a security
interest in the Collateral by virtue of a UCC Financing Statement
filed with the Illinois Secretary of State on March 12, 2021
related to two Notes, dated February 26, 2021 and September 7, 2021
in the amounts of $150,000 and $500,000, respectively. The current
balance due the SBA is $650,000. Based upon the IDES' and the IRS'
higher priority lien claims in and to the Collateral, there exists
no equity in the Collateral to support the SBA's secured claim.

As adequate protection, the IDES, the IRS and any other lien
claimants will be granted valid and perfected replacement liens in
and to post-petition cash collateral and all post-petition property
of the Debtor of the same type or kind substantially equivalent to
the pre-petition Collateral (excepting avoidance actions of the
estate) to the same extent and with the same priority as held pre
petition.

A hearing on the matter is set for May 17, 2023 at 9 a.m.

A copy of the motion is available at https://bit.ly/3LKizoD from
PacerMonitor.com.

                   About R&W Clark Construction

R&W Clark Construction, Inc. filed a petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
23-03279) on March 11, 2023. In the petition filed by Richard
Clark, president and sole shareholder, the Debtor reported up to
$50,000 in assets and up to $10 million in liabilities.

Judge Timothy A. Barnes oversees the case.

The Debtor tapped Gregory K. Stern, PC as counsel and Ziegler &
Associates, Ltd. as accountant.



RANGE PARENT: S&P Downgrades ICR to 'SD' on Distressed Exchange
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on manufacturer
of components and control systems Range Parent Inc. to 'SD'
(selective default) from 'CCC.'

S&P also lowered its ratings on the company's first-lien term loan
to 'D' from 'CCC' and second-lien term loan to 'D' from 'CC'.

S&P said, "The downgrade reflects Range Parent's debt exchange,
which we view as distressed and tantamount to a default. In
accordance with the exchange, existing participating lenders of the
first-lien term loan will receive new second-, third-, and
fourth-out debt facilities on a pro rata basis. Existing
participating lenders of the second-lien term loan will receive a
new fifth-out debt facility. The proposed financing will also
include $95 million of first-out new money to improve the company's
ability to work through operations issues. In our view, the new
junior-priority debt has less favorable terms than those originally
promised to all term loan lenders. If lenders agree to these terms,
the maturity of its debt facilities will be extended to Feb. 28,
2027, and lenders will have a higher coupon rate than the existing
debt facilities.

"Although the proposed exchange will be completed at par and a
higher coupon rate, we do not believe these factors provide
adequate offsetting compensation for the maturity extension given
Range Parent's liquidity profile and elevated leverage.
Additionally, we believe the company's business will remain
challenged for the next 12 months, which--combined with its higher
interest burden following this transaction--will lead to sustained
pressure on its free cash flow and liquidity."

The proposed exchange offering will not impact the company's
existing $50 million asset-based lending credit facility which will
remain priority to all new debt.



RED PLANET: $1.40B Bank Debt Trades at 21% Discount
---------------------------------------------------
Participations in a syndicated loan under which Red Planet Borrower
LLC is a borrower were trading in the secondary market around 79.4
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.40 billion facility is a Term loan that is scheduled to
mature on September 30, 2028.  About $1.38 billion of the loan is
withdrawn and outstanding.

Red Planet Borrower, LLC develops application software.



REMODEL 615: Unsecureds to Get Share of Income for 3 Years
----------------------------------------------------------
Remodel 615, LLC, Robert Baughman, and Noah Stewart filed with the
U.S. Bankruptcy Court for the Middle District of Tennessee a Joint
Plan of Reorganization dated May 8, 2023.

Remodel 615 is a locally owned and operated general contractor
focusing on home remodeling projects. It was formed by Noah Stewart
and Robert Baughman in 2019, and remains solely-owned by Mr.
Stewart and Mr. Baughman who are also Debtors and who are
individually liable for certain of Remodel 615's debts.

Pre-bankruptcy Remodel 615 turned to high-interest-rate loans to
try to remain afloat. The debt load, with interest rates exceeding
15% was not sustainable. With a number of secured creditors, any
one of whom could seize bank accounts and other assets (which in
fact occurred), Remodel 615 sought bankruptcy protection and in
particular the benefits of the bankruptcy automatic stay to
stabilize operations.

This Plan is Debtors' comprehensive proposal intended to balance
honoring their obligations to creditors while restructuring their
finances in a manner sufficient to ensure continuation of the
business.

Class 14 consists of Unsecured Claims against Remodel 615, LLC.
Each Holder of an Allowed Class 14 Claim shall be paid its Pro Rata
portion of Debtor Remodel 615, LLC's Disposable Income in quarterly
disbursements during the Commitment Period, with the first such
payment due on the Effective Date.

Class 15 consists of Unsecured Claims against Robert Baughman. Each
Holder of an Allowed Class 15 Claim shall be paid its Pro Rata
portion of Debtor Robert Baughman's Disposable Income in quarterly
disbursements during the Commitment Period, with the first such
payment due on the Effective Date.

Class 16 consists of Unsecured Claims against Noah Stewart. Each
Holder of an Allowed Class 16 Claim shall be paid its Pro Rata
portion of Debtor Noah Stewart's Disposable Income in quarterly
disbursements during the Commitment Period, with the first such
payment due on the Effective Date.

Class 17 consists of Interests. Robert Baughman and Noah Stewart
shall retain their membership interests in Remodel 615, LLC.

The Debtors shall use proceeds from operations to pay all required
payments on the Effective Date and all payments due under the Plan
on an on-going basis.

Commitment Period means the 3-year period contemplated and set
forth under Bankruptcy Code section 1191(c).

A full-text copy of the Joint Plan dated May 8, 2023 is available
at https://bit.ly/42TwkIy from PacerMonitor.com at no charge.

Attorneys for Debtors:

     Michael G. Abelow
     Robert J. Mendes
     SHERRARD ROE VOIGT & HARBISON, PLC
     150 3rd Avenue South, Suite 1100
     Nashville, Tennessee 37201
     Telephone: (615) 742-4532

                        About Remodel 615

Remodel 615, LLC, a company in Murfreesboro, Tenn., sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
M.D. Tenn. Case No. 23-00435) on February 6, 2023. In the petition
signed by Robert Adam Baughman, sales and marketing director and
co-owner, the Debtor disclosed up to $500,000 in assets and up to
$10 million in liabilities.

Judge Randal S. Mashburn oversees the case.

The Debtor tapped Michael G. Abelow, Esq., at Sherrard Roe Voigt &
Harbison, PLC as bankruptcy counsel; Bradley Arant Boult Cummings,
LLP as special construction counsel; and Moglia Advisors as
financial advisor.


RESTAURANT BRANDS: Burger King to Close Up to 400 Restaurants
-------------------------------------------------------------
Katherine Rodriguez of NJ.com reports that fast-food chain Burger
King plans to close up to 400 restaurants by the end of 2023, as
several large Burger King franchisees have filed for bankruptcy.

Restaurant Brands International Inc., the parent company of Burger
King, announced it is preparing to shutter between 300 to 400
locations, and its CEO said the company has a history of shutting
down "a couple hundred" Burger King locations every year, according
to Today.

According to a release from Restaurant Brands International, 124
Burger King locations have already closed this 2023, leaving the
total number of open locations in the U.S. at around 7,000.

Burger King did not disclose which future locations would be closed
down or give specifics on when these closings would take place.

As of last 2022, there were over 200 Burger King locations in New
Jersey.

          About Restaurant Brands International

Restaurant Brands International Limited Partnership (TSE: QSP)
operates and franchises quick service restaurants.  The company
operates through three segments: Tim Hortons, Burger King, and
Popeyes.  The company was founded in 2014 and is headquartered in
Oakville, Canada.  Restaurant Brands International LP is a
subsidiary of Restaurant Brands International Inc.

                     About TOMS King LLC

TOMS King LLC is a franchisee of Burger King restaurants.  TOMS
King and its affiliates operated 90 Burger King restaurants
spanning four states: Illinois, Ohio, Pennsylvania, and Virginia.

TOMS King (Ohio) LLC and six affiliates, including TOMS King LLC,
filed for Chapter 11 bankruptcy protection (Bankr. N.D. Ohio Lead
Case No. 23-50001) on Jan. 2, 2022. In the petition filed by Daniel
F. Dooley, as chief restructuring officer, the Debtor reported
assets up to $50,000 and liabilities between $10 million and $50
million.

Attorneys at Allen Stovall Neuman & Ashton LLP and Womble Bond
Dickinson (US) LLP are advising the Debtors.  Omni Agent Solutions,
Inc., is the claims agent.

             About Meridian Restaurants Unlimited

Meridian Restaurants Unlimited own and operate 118 Burger King
locations in Utah and other states.  The South Ogden, Utah-based
company, one of Burger King’s largest franchisees, operates
restaurants in Utah, Montana, Wyoming, North Dakota, South Dakota,
Minnesota, Nebraska, Kansas and Arizona.

Meridian Restaurants Unlimited, LC, and its affiliates sought
relief under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.
Utah. Lead Case No. 23-20731) on March 2, 2023. In the petition
filed by James Winder, manager for PSCP Meridian, LLC, the Debtor
reports estimated assets and liabilities between $10 million and
$50 million.

Judge Kevin R. Anderson oversees the cases.

The Debtors tapped Ray Quinney & Nebeker PC as counsel and Peak
Franchise Capital, LLC as their financial advisor.


SANOTECH 360: Seeks to Extend Plan Exclusivity to September 29
--------------------------------------------------------------
SanoTech 360, LLC asks the U.S. Bankruptcy Court for the Northern
District of Texas to extend its exclusive periods to file its
plan and disclosure statement and to solicit acceptances thereof
to September 29, 2023 and November 30, 2023, respectively.

The Debtor's exclusive filing period is currently set to expire
on May 30, 2023, and its exclusive solicitation period is set to
expire on July 28, 2023.

The Debtor explained that the extension of the exclusive periods
is warranted to allow it time to continue to market its assets
and negotiate a sale that may be incorporated into a viable plan.

SanoTech 360, LLC is represented by:

          J. Robert Forshey, Esq.
          Lynda L. Lankford, Esq.
          FORSHEY & PROSTOK LLP
          777 Main St., Suite 1550
          Fort Worth, TX 76102
          Tel: 817-877-8855
          Email: bforshey@forsheyprostok.com
                 llankford@forsheyprostok.com


                      About SanoTech 360, LLC

SanoTech 360, LLC manufactures high-quality, advanced
electrostatic sprayers designed to apply disinfectant more
efficiently than conventional methods.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 23-40261) on January
29, 2023. In the petition signed by George R. Robertson, chief
executive officer, the Debtor disclosed up to $50 million in both
assets and liabilities.

J. Robert Forshey, Esq., at Forshey & Prostok, LLP, represents
the Debtor as legal counsel.


SHOPS@BIRDS: Files for Chapter 11 Bankruptcy
--------------------------------------------
Brian Bandell of South Florida Business Journal reports that
Miami-Dade retail center owner, Shops@Birds & 89 LLC, files Chapter
11 bankruptcy to halt foreclosure.

The owner of a shopping plaza in the Olympia Heights neighborhood
of Miami-Dade County filed for Chapter 11 reorganization protection
to halt a foreclosure lawsuit.

Shops@Birds & 89 LLC submitted its petition to U.S. Bankruptcy
Court in Miami on April 28, 2023. It concerns the 6,926-square-foot
retail center at 8934 S.W. 40th St./Bird Road, about 15 blocks west
of Tropical Park. Tenants include Ganadero Prime Grill, Rafe Lugo
Salon & Spa and Valencia Perfume.

The petition was signed by manager Jose Graibe, who was also listed
as the sole owner of the company.

The company estimated its assets at $10.9 million, mostly the value
of its real estate, with liabilities of $5.58 million, which was
the claim of its mortgage holder, Coral Gables-based Safe Harbor
Equity Distressed Debt Fund.

In March 2022, Red Oak Capital Fund filed a foreclosure lawsuit
against Shops@Bird & 89 LLC and Graibe over the property concerning
a mortgage with $4.42 million in principal outstanding, plus
interest and fees. Safe Harbor later acquired that loan. On April
4, Safe Harbor won a $5.58 million foreclosure judgment in that
case, and the property was slated for auction May 3.

The Chapter 11 filing put that auction on hold.

Miami-based attorney Robert C. Meyer, who represents Shops@Bird &
89 in bankruptcy, said his client is trying to sell the property,
and the proceeds of the sale should be enough to pay all
creditors.

He filed a motion for the company to hire Jason Welt of Trustee
Realty as the listing broker for the property.

The shopping center was built on the 30,000-square-foot lot in 1960
and expanded in 1965 and again in 1987. It last traded for $900,000
in 1998.

                    About Shops@Birds & 89 LLC

Shops@Birds & 89 LLC owns in fee simple title a property located at
8934-50 SW 40th Street, Miami, FL valued at $10 million.

Shops@Birds & 89 LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-13358) on April 28,
2023.  In the petition filed by Jose Graibe, as managing member,
the Debtor reports total assets of $10,093,000 and total
liabilities of $5,577,772.

The case is overseen by Honorable Bankruptcy Judge Robert A. Mark.

The Debtor is represented by:

       Robert C. Meyer, Esq.
       ROBERT C. MEYER, P.A.
       2221 Coral Way, Second Floor
       Miami, FL 33145-3508
       Tel: 305-285-8838
       Email: meyerrobertc@cs.com


SIGNAL PARENT: $550M Bank Debt Trades at 26% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Signal Parent Inc
is a borrower were trading in the secondary market around 73.6
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $550 million facility is a Term loan that is scheduled to
mature on April 1, 2028.  About $540.4 million of the loan is
withdrawn and outstanding.

Signal Parent, Inc. provides interior design services.



SILICON VALLEY BANK: Deadline to File Claims Set for July 10
------------------------------------------------------------
The California Department of Financial Protection and Innovation
closed Silicon Valley Bank, N.A., Santa Clara, California, ("Failed
Institution") and appointed the Federal Deposit Insurance
Corporation ("FDIC") as receiver.

All creditors having claims against the Failed Institution must
submit their claims in writing, together with proof of claims, to
the Receiver on or before July 10, 2023.  You must submit a proof
of claim from via our interface FDIC Claims Portal at
https://resolutions.fdic.gov/claimsportal/s/, the FDIC website at
https://www.fdic.gov/resources/forms/deposit-claims-and-asset-sales/index.html,
or by calling 972-761-8677.

Claims may be submitted through FDIC claims portal, or mailed to:

   FDIC as Receiver of
   Silicon Valley Bank N.A.
   6000 Pearl Street, Suite 700
   Dallas, TX 75201
   Attention: Claim Agent 10539


SILVER CREEK: Auction for Business, Lease on May 25
---------------------------------------------------
An auction is scheduled on May 25, 2023, at 10:00 a.m. PST for the
sale as a going concern for the assets of Silver Creek Industries
LLC consist primarily of accounts receivable, inventory, leased
machinery and equipment, real property lease which is believed to
be substantially below market, and substantial backlog business.

Offers must be received by 3:00 p.m. on May 24, 2023, and comply
with Bankruptcy Court order requirements.

For more information regarding the sale or sale procedures,
contact:

   Robert E. Opera, Esq.
   Winthrop Golubow Hollander LLP
   Tel: (949 720-4130
   Email: ropera@wghlawyers.com

For access to diligence materials, contact:

   J. Michael of B. Riley
   Email: missa@brileyfin.com

                  About Silver Creek Industries

Silver Creek Industries, LLC is a modular construction company
headquartered in California.

Silver Creek Industries sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-11677) on
April 24, 2023. In the petition signed by James McGeever, managing
member, the Debtor disclosed up to $50 million in assets and up to
$100 million in liabilities.

Judge Scott H. Yun oversees the case.

Robert E. Opera, Esq., at Winthrop Golubow Hollander, LLP,
represents the Debtor as legal counsel.


SINCLAIR TELEVISION: $740M Bank Debt Trades at 17% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Sinclair Television
Group Inc is a borrower were trading in the secondary market around
83.3 cents-on-the-dollar during the week ended Friday, May 12,
2023, according to Bloomberg's Evaluated Pricing service data.

The $740 million facility is a Term loan that is scheduled to
mature on April 1, 2028.  About $727.3 million of the loan is
withdrawn and outstanding.

Sinclair Television Group, Inc. provides media broadcasting
services. The Company offers television broadcasting and
programming services. Sinclair Television Group serves clients in
the United States.



SPORTSMAN'S LINK: Dismissal of Abdulla vs. Southern Bank Affirmed
-----------------------------------------------------------------
In the appealed case captioned as Sohail Abdulla, Appellant, v.
Southern Bank, Respondent, Opinion No. 5976, (S.C. Ct. App.), the
Court of Appeals of South Carolina affirms the circuit court's
decision dismissing Sohail Abdulla's case for lack of personal
jurisdiction.

In February 2017, Abdulla filed a complaint against Southern Bank,
alleging that Southern Bank improperly converted jewelry he had
provided to it, that served as collateral for loans he obtained. He
asserted jurisdiction was proper under the state's long-arm
statute. The complaint further stated (1) Southern Bank provided
two proofs of claim to Sportsman's Link, Inc.'s bankruptcy
proceeding and (2) Southern Bank had notified the bankruptcy court
it held the jewelry in its vaults in each of those proofs of claim.
Abdulla alleged because he no longer had outstanding debts with
Southern Bank, it should return the jewelry to him. He asserted
Southern Bank claimed he removed the jewelry in 2004, but he
contended he never removed the jewelry. Southern Bank provided
financing for Abdulla's business, Sportsman's Link, Inc.

In its answer, Southern Bank argued jurisdiction was improper under
the long-arm statute because (1) all loan agreements between
Sportsman's and Southern Bank were executed in Georgia; (2)
Sportsman's was a Georgia corporation; and (3) Southern Bank did
not transact business with Abdulla or Sportsman's outside of
Georgia. Southern Bank stated it would file a separate motion to
dismiss. Southern Bank also indicated Abdulla "removed all items
from the bank vault on or about May 27, 2004, without permission or
knowledge of the bank lending officers." The circuit court
subsequently dismissed Abdulla's complaint for lack of personal
jurisdiction.

On appeal, Sohail Abdulla argues that (1) the circuit court's order
contained numerous errors of fact that were unsupported by the
record, (2) the circuit court erred by finding Southern Bank's
delay in filing its motion to dismiss was reasonable, and (3) two
substantive errors of law controlled the circuit court's decision.


The circuit court determined Southern Bank did not have contact
with Abdulla after he moved to South Carolina and they only
conducted business with him while he was a Georgia resident.
Further, it found Southern Bank did not waive its defense. It held
Southern Bank responded to Abdulla's discovery requests to expedite
the case, depositions were conducted to determine the
jurisdictional issue, and Southern Bank did not submit any
discovery requests of its own. The circuit court concluded Abdulla
did not establish personal jurisdiction in his complaint or in his
affidavit and he could not "satisfy the requirements of due
process," which would subject Southern Bank to the jurisdiction of
the court.

The Court holds that the circuit court did not err in finding it
could not exercise personal jurisdiction over Southern Bank under
the long-arm statute and Abdulla failed to demonstrate how
subjecting Southern Bank to the jurisdiction of the court would not
offend due process. The Court finds that Abdulla failed to show
that Southern Bank directed its activities or purposefully availed
itself of the privileges of conducting business in South Carolina
and thus invoked the benefits and protections of South Carolina's
laws such that it could anticipate being "haled" into court here.

The Court also finds that the circuit court did not err in
determining Southern Bank did not waive its defense. Here, Southern
Bank stated in its answer the facts and allegations pertinent to
its lack of personal jurisdiction defense and timely brought the
issue before the circuit court by filing a motion to dismiss after
raising the defense. Furthermore, the Court finds that Southern
Bank did not waive its defense (1) by answering Abdulla's
interrogatories and requests for production because it responded at
Abdulla's counsel's behest, who requested the responsive discovery
from Southern Bank to "expedite the disposition of the case" or (2)
by participating in depositions to determine the issue of personal
jurisdiction. Additionally, the parties agreed to a consent motion
for entry of a scheduling order, which stated Southern Bank's
motion to dismiss would need to be heard before trial, and agreed
the scheduling order was necessary for the parties to proceed with
the motion.

A full-text copy of the Opinion dated April 12, 2023, is available
https://tinyurl.com/4hs3ff7p from Leagle.com.

                       About Sportsman's Link

Sportsman's Link Inc., an Augusta, Georgia-based manufacturer and
seller of fishing and hunting equipment, and firearms, filed for
Chapter 11 bankruptcy (Bankr. S.D. Ga. Case No. 07-10454) on March
13, 2007, estimating $1 million to $100 million in both assets and
debts.

On Oct. 9, 2007, the Debtor filed a Chapter 11 Plan and Disclosure
Statement.  On June 18, 2008, Georgia Bank and Trust Company of
Augusta sought relief from the automatic stay.

On July 22, 2008, the case was converted to Chapter 7; Edward J.
Coleman was appointed as Chapter 7 trustee; and GB&T's Motion for
Relief from Stay was granted.



STOCKTON GOLF: Wins Cash Collateral Access
------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California,
Sacramento Division, authorized Stockton Golf and Country Club to
continue using cash collateral in accordance with the budget, with
a 10% variance, through June 30, 2023.

As previously reported by the Troubled Company Reporter, the Debtor
sought authority to use cash collateral in which Bank of Stockton
may assert an interest, for necessary expenses in the amount of
$1,035,150 plus a 10% variance, for the period from the week ending
May 5, 2023, through the week ending June 30, 2023.

The Debtor also sought access to cash collateral in which
Performance Food Service, Great America Financial Services
Corporation, TCF National Bank, VGM Financial Services, a Division
of TCF National Bank, Wells Fargo Bank, DLL Finance LLC, and Sysco
Sacramento, Inc. for necessary expenses in the amount of $1,035,150
plus a 10% variance, for the period from the week ending May 5,
2023, through the week ending June 30, 2023.

Over the course of its first 100 years, the Debtor expanded to 18
holes, added a clubhouse and other recreational facilities, all in
furtherance of its not-for-profit purpose.

Then came a series of pivotal events, including a large increase in
the cost of a new clubhouse, the Lehman Brothers recession, and
COVID-19.

These adverse events led to the Debtor's inability to continue
making needed maintenance and paying its major secured lender Bank
of Stockton.

Prior to the Chapter 11 filing, the Debtor retained Russ Burbank of
BPM, a financial advisor who major financial institutions routinely
recommend to businesses in financial trouble as a financial
advisor.

An action plan generally involved negotiations with Bank of
Stockton, a transparent marketing and sale process conducted by
Leisure Investment Properties Group, a nationwide golf course
broker, and procuring an appraisal of the Golf Course Property.

An appraisal valued the Golf Course Property in January 2022 at
$4,100,000, and the broker gave a Brokers Opinion of Value at
$3,500,000.

The Golf Course Property generates monthly income from golf
activities, membership dues, banquets, and other activities, which
generates cash collateral that is used to fund the Debtor's ongoing
operations.

On October 3, 2022, the Debtor requested a lien search from the
California Secretary of State. The UCC-1 Creditors (which excluded
Bank of Stockton) were shown in this search to have active UCC-1
financing statements that had not expired.

The Bank of Stockton was shown to have an active UCC-1 financing
statement on file with the California Secretary of State and was
shown to be the earliest in-time filer of a UCC-1 financing
statement.

The court said to the extent the Debtor's use of cash collateral
results in a diminution of the value of their respective
collateral, the Bank and the UCC-1 Secured Creditors are granted
valid and perfected replacement liens and security interests in the
post-petition cash collateral of the Debtor acquired on or after
the October 11 bankruptcy filing date, to secure the Bank's and the
UCC-1 Creditors' claims against the Debtor.

The Replacement Lien will have the same scope, validity,
perfection, relative priority and enforceability as the Bank's and
the UCC-1 Creditors' pre-Petition Date security interests.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3HX92JP from PacerMonitor.com.

The budget provides for total cash disbursements, on a monthly
basis, as follows:

       $454,856 for March 2023;
       $606,907 for April 2023; and
       $428,243 for June 2023.

             About Stockton Golf and Country Club

                About Stockton Golf and Country Club

Stockton Golf and Country Club sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. E.D. Calif. Case No. 22-22585)
on Oct. 11, 2022, with between $1 million and $10 million in both
assets and liabilities.

Judge Christopher D. Jaime oversees the case.

Thomas A. Willoughby, Esq., at Felderstein Fitzgerald Willoughby
Pascuzzi & Rios, LLP is the Debtor's legal counsel.


SUNSET DEBT MERGER: $1.63B Bank Debt Trades at 16% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Sunset Debt Merger
Sub Inc is a borrower were trading in the secondary market around
84.3 cents-on-the-dollar during the week ended Friday, May 12,
2023, according to Bloomberg's Evaluated Pricing service data.

The $1.63 billion facility is a Term loan that is scheduled to
mature on October 6, 2028.  The amount is fully drawn and
outstanding.

SIWF Holdings Inc. (Sunset Debt Merger Sub Inc.) was formed by AEA
Investors LP and British Columbia Investment Management Corporation
to facilitate their acquisition of Springs Window Fashions LLC from
Golden Gate Capital. Springs Window Fashions supplies retailers and
distributors with a line of blinds, shades, specialty treatments
and window hardware.



SUPERIOR EMERGENCY: Taps McDonald Carano as Legal Counsel
---------------------------------------------------------
Superior Emergency Physicians Harris, PLLC seeks approval from the
U.S. Bankruptcy Court for the District of Nevada to employ McDonald
Carano, LLP.

The Debtor requires legal counsel to:

   a. give advice relative to the administration of the Debtor's
Chpter 11 case;

   b. represent the Debtor at hearings held before the court and
communicate with the Debtor regarding the issues raised as well as
the decisions of the court;

   c. assist the Debtor in its examination and analysis of the
conduct of its affairs and the reason for its Chapter 11 filing;

   d. review and analyze all application, motions, orders,
statements of operations and schedules filed with the court by the
Debtor or third parties, advise the Debtor as to their merit, and,
after consultation with the Debtor, take appropriate action;

   e. assist the Debtor in preparing legal papers;

   f. apprise the court of the Debtor's analysis of its
operations;

   g. confer with other bankruptcy professionals so as to advise
the Debtor and the court more fully of the Debtor's operations;

   h. assist the Debtor in negotiations concerning the terms of any
proposed plan of reorganization;

   i. assist the Debtor in the preparation of a plan of
reorganization;

   j. evaluate claims and prepare any appropriate claims
objections;

   k. provide the Debtor with other services to obtain confirmation
of a plan of reorganization;

   l. assist the Debtor in evaluating and prosecuting any claims it
may have against third parties;

   m. assist in determining whether to, and if so, how to sell
assets of the Debtor for the highest and best price; and

   n. provide other necessary legal services including, but not
limited to, the commencement of, and participation in, litigation.

The firm's hourly rates are as follows:

     Ryan J. Works, Esq.         $650 per hour
     Amanda M. Perach, Esq.      $650 per hour
     Karen Surowiec              $300 per hour

The Debtor paid the firm a retainer fee of $25,000.

Ryan Works, Esq., a partner at McDonald Carano, disclosed in a
court filing that he is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Ryan J. Works, Esq.
     McDonald Carano, LLP
     2300 W. Sahara Avenue, Suite 1200
     Las Vegas, NV 89102
     Tel: (702) 873-4100
     Fax: (702) 873-9966
     Email: rworks@mcdonaldcarano.com

            About Superior Emergency Physicians Harris

Superior Emergency Physicians Harris, PLLC provides medical
emergency assistance and handles pre-hospital care for patients who
experience an accident, fall, cardiac arrest or an intense allergic
reaction to prevent permanent injury or death. It is based in
Henderson, Nev.

Superior Emergency Physicians Harris filed its voluntary petition
for Chapter 11 protection (Bankr. D. Nev. Case No. 23-11189) on
March 30, 2023, with $297,347 in assets and $2,030,669 in
liabilities. Richard Harris, managing member, signed the petition.

Judge August B. Landis oversees the case.

Ryan J. Works, Esq., at McDonald Carano, LLP serves as the Debtor's
legal counsel.


SUREFUNDING LLC: Taps Milligan Rona Duran & King as Special Counsel
-------------------------------------------------------------------
SureFunding, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to employ Milligan Rona Duran & King LLC
as special litigation counsel.

The Debtor needs the firm's legal assistance in connection with an
action against Goodwin Procter LLP in the Suffolk County Superior
Court in the Commonwealth of Massachusetts, for breach of contract,
legal malpractice, and unjust enrichment.

The firm will be paid at these rates:

     Attorneys    $300 to $550 per hour
     Paralegals   $85 to $115 per hour

In addition, the firm will receive reimbursement for out-of-pocket
expenses incurred.

Michael Duran, Esq., a partner at Milligan Rona Duran & King,
disclosed in a court filing that his firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Michael Duran, Esq.
     Milligan Rona Duran & King, LLC
     28 State St. #802
     Boston, MA 02109
     Tel: (970) 300-1829
     Fax: (855) 395-5525
     Email: mjd@mrdklaw.com

                       About SureFunding LLC

Las Vegas-based SureFunding, LLC was founded by Jason and Justin
Abernathy in 2014 as a private investment vehicle. It opened in
2015 to outside investors, many of which were family, friends and
business acquaintances. Its investments are in short-term,
high-yield assets.

SureFunding sought Chapter 11 protection (Bankr. D. Del. Case No.
20-10953) on April 14, 2020, with $10 million to $50 million in
both assets and liabilities. Judge Laurie Selber Silverstein
oversees the case.

The Debtor tapped Carl N. Kunz, III, Esq., and Jeffrey R. Waxman,
Esq., at Morris James, LLP as bankruptcy attorneys; Carlyon Cica
Chtd. and Milligan Rona Duran & King, LLC as special litigation
counsels; and Ted Gavin of Gavin/Solmonese, LLC as chief
restructuring and liquidation officer.

Bayard, P.A. represents the ad hoc committee of SureFunding
noteholders.


T.G. HOLDINGS: Unsecured Creditors Will Get 2% of Claims in Plan
----------------------------------------------------------------
T.G. Holdings, LLC, dba Cannon's Chophouse, filed with the U.S.
Bankruptcy Court for the Western District of Pennsylvania a Small
Business Chapter 11 Plan of Reorganization dated May 9, 2023.

The Debtor is a full-service family steakhouse and bar located at
994 Market Street, Meadville, PA 16335, primarily serving the
Meadville area.

On the Petition Date, the Debtor filed a voluntary petition for
relief under the Bankruptcy Code. The Chapter 11 case is pending in
the US Bankruptcy Court for the Western District of Pennsylvania.
The Debtor's filing was a result of, inter alia, depressed economic
conditions and collection efforts by creditors.

Class 1 consists of the Claim of the Internal Revenue Service in
the amount of $74,514.50. To be paid in full, over 84 months at the
current interest rate of 7%, resulting in a combined monthly
payment for all secured/priority IRS taxes of $1,942.32, as agreed
by Taxing Authority.

Class 3 consists of General unsecured Claims:

     * Class 3a in the total claim amount of $220,173.57. This
Class will receive a distribution of 2% of their allowed claims or
$4,403.47. This Class is impaired.

     * Class 3b in the total claim amount of $661,224.48. This
Class will receive a distribution of 2% of their allowed claims or
$13,224.49. This Class is impaired.

The Plan will be funded from ongoing operations. To the extent that
operations are insufficient during the first 6 months of the Plan,
the Plan will be funded by additional capital contributions from
principals.

The Plan proposes to pay unsecured creditors 2% over the life of
the Plan. Administrative claims will be paid first from available
net cash flow until paid in full, after which unsecured creditors
will receive quarterly or bi-annual distributions on their claims.
It is estimated that those distributions to unsecured creditors
will begin in year 4 of the Plan. All said claims will be paid
within 60 months of the Effective Date.

A full-text copy of the Small Business Plan dated May 9, 2023 is
available at https://bit.ly/41uq7SB from PacerMonitor.com at no
charge.

Counsel for Debtor:

     Michael P. Kruszewski, Esq.
     THE QUINN LAW FIRM
     2222 West Grandview Boulevard
     Erie, Pennsylvania 16506-4508
     Telephone: 814-833-2222
     Facsimile: 814-833-6753
     E-Mail: mkruszewski@quinnfirm.com

                   About T.G. Holdings, LLC

T.G. Holdings, LLC is a full-service family steakhouse and bar
located at 994 Market Street, Meadville, PA 16335, primarily
serving the Meadville area. The Debtor sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No.
23-10061) on February 8, 2023. In the petition signed by Charles A.
Bish, Jr., managing member, the Debtor disclosed up to $50,000 in
assets and up to $1 million in liabilities.

Judge Carlota Bohm oversees the case.

Michael P. Kruszewski, Esq., at Quinn, Buseck, Leemhuis, Toohey, &
Kroto, Inc, represents the Debtor as legal counsel.


TAMA DEVELOPMENT: Unsecureds to be Paid in Full in Sale Plan
------------------------------------------------------------
Tama Development Inc. filed with the U.S. Bankruptcy Court for the
Western District of Texas a Plan of Reorganization dated May 8,
2023.

The Debtor is a Texas corporation.  The Debtor owns the Reserve at
Retama located at 16800 Lookout Road, Selma, Texas 78154.  The
Reserve at Retama is a townhome community close to Retama Park.

It currently consists of eight townhome units that are 90%
completed and a clubhouse. Additionally, the Debtor owns twenty-six
undeveloped lots that are platted to be part of the townhome
community. The Debtor Reserve has completed the infrastructure at
Retama including roads, drainage, and electricity necessary for all
developed and undeveloped lots.

The Debtor entered into a refinance agreement with WeinRitter
Realty, LP to pay off its previous senior lender and provide
additional cash needed to complete construction of the eight
townhomes and clubhouse. The total amount of working capital from
the WeinRitter transaction was insufficient to complete the first
eight townhomes, and the Debtor was unable to obtain additional
financing to fully complete the eight townhomes and clubhouse.
Ultimately, the Debtor was unable to service the WeinRitter debt,
and chapter 11 offered the best chance for a reorganization.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash generated from the sale of the Debtor's real property.

The Debtor proposes to sell its real property assets in one or more
sales to generate sufficient funds to pay all allowed creditors the
full amount of their claims. The claims of all creditors/claim
holders will be paid at closing of the sale and will be disbursed
by the title company/escrow agent handling the closing.  The Debtor
reserves the right to amend the contract and the contract price as
needed to ensure payment in full of all creditors.

The Class 1 claims consist of the claims of Guadalupe County. The
allowed claims of Guadalupe County will be paid from the proceeds
from the sale of the Debtor's real property at closing.

The Class 2 claims consist of the claims of Bexar County. The
allowed claims of Bexar County will be paid from the proceeds from
the sale of the Debtor's real property at closing.

The Class 3 claims consist of the claims of WeinRitter Realty, LP.
The allowed claims of WeinRitter Realty, LP will be paid from the
proceeds from the sale of the Debtor's real property at closing.

The Class 4 claims shall include the allowed unsecured claims that
are not included in any other Classes. Class 4 claimants with
allowed claims shall be paid in full with the proceeds from the
sale of the Debtor's real property at closing. The title company
handling the closing of the sale of the Debtor's real property
shall act as the disbursing agent for all payments made to holders
of allowed Class 4 Claims. Class 4 is unimpaired in Plan.

Class 5 consists of Dwayne Thompson's Equity security Interests in
the Debtor. Dwayne Thompson shall retain his interest in the
Debtor.

This Plan is based upon the sale of the Debtor's real property and
distributions to creditors at closing. The title company/escrow
agent shall be the disbursing agent for all distributions and plan
payments to creditors. The Debtor reserves the right to seek
approval of a separate sale motion and dismissal of the case upon
payment of all claims in full.

The Debtor proposes to sell the real property to Manuel Garcia
and/or his assigns. The Debtor contemplates that the buyer will
assign the sale contract prior to closing to another entity in
which the Debtor's president, Dwayne Thompson, will have a 1/3
ownership interest. Property or funds remaining in the estate of
the Debtor after all classes of claims have been paid pursuant to
the Plan shall remain and be retained as the property of the
Debtor.

A full-text copy of the Chapter 11 Plan dated May 8, 2023 is
available at https://bit.ly/3BGo9UN from PacerMonitor.com at no
charge.

Counsel for the Debtor:

     Allen M. DeBard, Esq.
     Langley & Banack, Inc.
     745 E. Mulberry Ave., Suite 700
     San Antonio, TX 78212
     Tel: (210) 736-6600
     Fax: (210) 735-6889
     Email: adebard@langleybanack.com

                      About Tama Development

Tama Development, Inc. specializes in the nationwide distribution
of crop baling solutions. The company is based in Borene, Texas.

Tama Development sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Texas Case No. 23-50114) on Feb. 6,
2023, with $1 million to $10 million in both assets and
liabilities. Dwayne Thompson, president of Tama Development, signed
the petition.

Judge Michael M. Parker oversees the case.

The Debtor tapped Allen M. DeBard, Esq., at Langley & Banack, Inc.
as legal counsel.


TAMG REALTY: Seeks Cash Collateral Access
-----------------------------------------
TAMG Realty Inc. asks the U.S. Bankruptcy Court for the Northern
District of Georgia, Atlanta Division, for authority to use cash
collateral.

The Debtor requires the use of cash collateral to operate its
business and pay certain prepetition obligations.

On February 2, 2021, the Debtor issued a promissory note to Essex
Financial Services for $2.2 million.

On January 1, 2021, the Debtor issued a promissory note to FCI
Lender Services Inc. for $141,000.

On September 1, 2021, the Debtor issued a promissory note to Ramp
Financial for $700,000.

On January 29, 2021, the Debtor issued a promissory note to
Riverbend Funding LLC for $225,000.

The Debtor also has unsecured obligations to various other
creditors, including ordinary trade creditors and vendors and an
unsecured loan from JP Morgan Chase, N.A. in connection with the
Paycheck Protection Program. The Debtor estimates that it has
approximately $564,000 in outstanding unsecured obligations.

As adequate protection, the Secured Parties will be granted:

     (a) valid, binding, and enforceable post-petition liens on and
security interests in the Adequate Protection Collateral; and

     (b) a Super-priority Claim post-petition claim, subject to the
Carve-Out, having priority over any and all other claims against
the Debtor, now existing or hereafter arising, of any kind
whatsoever.

A hearing on the matter is set for May 23, 2023 at 11 a.m.

A copy of the order is available at https://bit.ly/42JfV9S from
PacerMonitor.com.

                     About TAMG Realty Inc.

TAMG Realty Inc. is engaged in the business of operating a brewery
and taproom in Birmingham, Alabama with distribution across the
states of Alabama, Mississippi and Florida.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 23-53162-bem) on April 3,
2023. In the petition signed by Tiffany Gray, president, the Debtor
disclosed up to $10 million in both assets and liabilities.

Serge Jerome, Jr., Esq. represents the Debtor as legal counsel.




TERRA MANAGEMENT: June 21 Disclosure Statement Hearing Set
----------------------------------------------------------
Judge Michael E. Romero has entered an order within which June 21,
2023, at 1:30 p.m. in Courtroom C, U.S. Bankruptcy Court, U.S.
Custom House, 721 19th Street, Denver, Colorado is the hearing to
consider the adequacy of and to approve the Disclosure Statement of
Terra Management Group, LLC and Littleton Main Street LLC.

Judge Romero further ordered that June 14, 2023 is fixed as the
last day to file and serve objections to the Disclosure Statement.

A copy of the order dated May 8, 2023 is available at
https://bit.ly/3pBjiRM from PacerMonitor.com at no charge.

Attorneys for the Debtors:

      Michael J. Pankow, Esq.
      Amalia Sax-Bolder, Esq.
      BROWNSTEIN HYATT FARBER SCHRECK, LLP
      410 17th Street, Suite 2200
      Denver, CO 80202
      Tel: (303) 223-1100
      Fax: (303) 223-1111
      Email: mpankow@bhfs.com
             asax-bolder@bhfs.com

     About Terra Management Group and Littleton Main Street

Terra Management Group, LLC, is an Englewood, Colo.-based company
engaged in activities related to real estate.

Terra Management Group and Littleton Main Street, LLC filed their
voluntary petitions for Chapter 11 protection (Bankr. D. Col. Lead
Case No. 21-15245) on Oct. 15, 2021. J. Marc Hendricks, president
and manager of Terra Management Group, signed the petitions. At the
time of the filing, Terra Management Group listed up to $100,000 in
assets and up to $50 million in liabilities while Littleton listed
as much as $50 million in both assets and liabilities.

The Hon. Kimberley H. Tyson is the case judge.

The Debtors tapped Michael J. Pankow, Esq., at Brownstein Hyatt
Farber Schreck, LLP as legal counsel, and Haynie & Company as tax
accountant.


TESORINA LLC: Court OKs Cash Collateral Access Thru July 11
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of New York
authorized Tesorina, LLC to use cash collateral on an interim basis
in accordance with the budget, through July 11, 2023.

A final telephonic hearing on the matter is set for July 11 at 1
p.m.

As adequate protection, the parties that assert liens upon or other
interests in the Debtor's assets as of the Petition Date are
granted rollover or replacement liens or interests of the same
kind, in the same assets, to the same extent, and with the same
priority as they had prepetition.

The Debtor requires the use of cash collateral to fund payroll and
business operating expenses.

As previously reported by the Troubled Company Reporter, the
Debtor's lending arrangements are:

     (i) A loan from M&T Bank in March 2017, originally for
$25,000. The debt to M&T Bank is secured by all assets of the
Debtor. The current amount owed is approximately $25,283;

    (ii) An Economic Injury Disaster Loan (EIDL) from the U.S.
Small Business Administration in the amount of $80,000 on or about
July 10, 2020. The current amount owed is approximately $85,586;

   (iii) A Rapid Finance Agreement dated July 6, 2022 with Small
Business Financial Solutions, LLC was a Merchant Cash Advance in
which Debtor purportedly pledged $18,200 of future receivables, and
a remittance of 5% or $69 daily from applicable accounts receivable
in repayment of the loan;

    (iv) A Shopify Capital Agreement (undated, but from
approximately August 2, 2022) with Shopify Capital Inc. was a
Merchant Cash Advance in which the Debtor purportedly pledged
$32,770 of future receivables, and a remittance of 17% daily from
applicable accounts receivable in repayment of the loan;

     (v) A Forward Financing Agreement dated September 26, 2022
with Forward Financing LLC was a Merchant Cash Advance in which the
Debtor purportedly pledged $32,660 of future receivables, and a
remittance of 15% or $204 daily from applicable accounts receivable
in repayment of the loan;

    (vi) A Flexibility Capital Agreement dated December 30, 2022
with Flexibility Capital Inc. was a Merchant Cash Advance in which
the Debtor purportedly pledged $11,520 of future receivables, and a
remittance of 9% or $110 daily from applicable accounts receivable
in repayment of the loan.

The only Uniform Commercial Code Financing Statements on file with
the State of New York are:

     (i) M&T Bank filed on March 23, 2017 and renewed on September
24, 2021, which is secured by all the Debtor's assets; and

    (ii) US Small Business Administration filed on July 10, 2020,
which is secured by all the Debtor's personal property.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/42HJ9FV  from PacerMonitor.com.

The Debtor projects total cash paid out, on a weekly basis, as
follows:

     $3,040 for the week ending May 13, 2023;
     $2,883 for the week ending May 20, 2023; and
     $2,781 for the week ending May 27, 2023;

                       About Tesorina, LLC

Tesorina, LLC operates a clothing boutique selling women's clothing
and accessories on line and at a storefront at 17 Chenango St,
Binghamton, NY 13901.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-60174) on March 17,
2023. In the petition signed by Desiree McCormick, its owner, the
Debtor disclosed up to $50,000 in assets and up to $10 million in
liabilities.

Judge Wendy A. Kinsella oversees the case.

Peter A. Orville, Esq., at Orville & McDonald Law, P.C., represents
the Debtor as legal counsel.



TMX FINANCE: S&P Alters Outlook to Stable, Affirms 'B-' ICR
-----------------------------------------------------------
S&P Global Ratings revised its outlook on TMX Finance LLC to stable
from negative following TMX's successful redemption of its 11.125%
senior secured notes due April 2023 with an asset-backed lending
facility maturing 2026. At the same time, S&P affirmed its 'B-'
issuer credit rating. Subsequently, S&P withdrew all ratings at the
company's request.



TREASURE ISLAND: Court OKs Final Cash Collateral Access
-------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division, authorized Treasure Island Yacht and Tennis Club of
Pinellas County, LLC to use cash collateral on a final basis in
accordance with the budget, with a 10% variance, nunc pro tunc to
December 22, 2022.

Bank OZK claims a lien on the cash collateral in the total amount
of $15.175 million, which remains in dispute.

As adequate protection, the Bank will have a replacement lien and
security interest in property acquired or generated by the Debtor
subsequent to the Petition Date, which will be of the same type and
class of property as any cash collateral used pursuant to the
Order. The replacement liens and security interests shall be to the
same extent, validity, and priority as existed in the cash
collateral on the Petition Date.

On January 22, 2023, and on the 22nd day of each successive month
thereafter, the Debtor will provide to the Bank a monthly report
containing information effective as of the close of business on the
preceding month, reflecting (a) all sales during the prior month,
(b) all cash generated from such sales, (c) current inventory
levels as of the close of business on that given month, and (d)
variance reports showing actual sales compared with projected
sales.

The Debtor will also maintain hazard and casualty insurance
coverage on all of its assets. The Debtor will also name the Bank
as a loss payee on such insurance coverage and will furnish to the
Bank an appropriate certificate evidencing such insurance coverage.


A  copy of the order is available at https://bit.ly/3MfPdjq from
PacerMonitor.com.

                    About Treasure Island Yacht

Treasure Island Yacht and Tennis Club of Pinellas County, LLC filed
its voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 22-05052) on Dec. 22,
2022. In the petition signed by William L. Edwards, member, the
Debtor estimated $1 million to $10 million in assets and $10
million to $50 million in liabilities.

Judge Caryl E. Delano oversees the case.

The Debtor tapped Stephenie Biernacki Anthony, Esq., at Anthony &
Partners, LLC as bankruptcy counsel and Kathryn J. Sole, Esq., at
Sole Law, PLLC as special counsel.



TROIKA MEDIA: Extends Milestones Under Blue Torch Agreement
-----------------------------------------------------------
Blue Torch Finance, LLC and Troika Media Group, Inc. entered into a
letter agreement that extends certain sale and refinancing
milestones set forth in a side letter agreed by the Company and
Blue Torch in connection with that certain Amended and Restated
Limited Waiver dated Feb. 10, 2023.  The April 28 Extension Letter
amends and supersedes that certain letter agreement entered into by
the Company and Blue Torch on April 14, 2023.

                           About Troika

Troika Media Group, Inc. (fka M2 nGage Group, Inc.) -- thetmgrp.com
-- is a professional services company that architects and builds
enterprise value in consumer facing brands to generate scalable
performance driven revenue growth.  The Company delivers three
solutions pillars that: CREATE brands and experiences and CONNECT
consumers through emerging technology products and ecosystems to
deliver PERFORMANCE based measurable business outcomes.

Troika Media reported a net loss of $9.58 million for the six
months ended Dec. 31, 2022.  Troika Media reported a net loss of
$38.69 million for the year ended June 30, 2022, a net loss of $16
million for the year ended June 30, 2021, and a net loss of $14.45
million for the year ended June 30, 2020.


TURBO COMPONENTS: Court OKs Cash Collateral Access Thru Aug 31
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Michigan
authorized Turbo Components, Inc. to use cash collateral on an
interim basis in accordance with the budget.

The Debtor requires the use of cash collateral to sustain its
operations.

As of the April 28, 2023 Petition Date:

     -- Comerica Bank has an allowed, oversecured claim in an
amount not less than $1.237 million -- principal of $1.228 million
plus accrued interest as of the Petition Date in the amount of
$8,945. As an oversecured creditor, the Bank's claim also includes
interest accruing post-petition and attorney fees to the extent
provided by 11 U.S.C. section 506(b);

     -- Grow Michigan, LLC has an allowed, secured claim in an
amount not less than $853,087; and

     -- BorgWarner Turbo Systems, LLC has an allowed, secured claim
in an amount not less than $863,065; and

     -- Beck Aluminum International, LLC is owed not less than
$613,635. Beck has alleged a position as a secured creditor.

As adequate protection for the Debtor's continued use of Secured
Creditors' collateral, the Secured Creditors are granted a
replacement lien and security interest in all post-petition assets
of Debtor of the same type, category, and priority constituting the
pre-petition collateral of Secured Creditors. At all times, the
value of such postpetition lien plus Secured Creditors' lien on
then-existing pre-petition assets will not exceed the value of each
respective Secured Creditors' Petition Date lien. The Debtor may
seek approval of an agreement for Debtor-in-Possession Financing
with BorgWarner, providing BorgWarner with a superpriority
administrative claim under 11 U.S.C. section 364(c)(1) on the terms
contained in the Debtor's Motion for Debtor-in-Possession Financing
filed contemporaneously with the Motion. In addition, the Debtor
can convey purchase money security interests to any lender
providing purchase money financing on newly acquired equipment with
prior Court approval.

As adequate protection for the Debtor's continued use of the
Secured Creditors' collateral, commencing with a payment due May
10, 2023 and on the 10th day of each month thereafter, the Debtor
agrees to make monthly adequate protection payments to:

     a. Bank in the amount of $11,000.
     b. Grow in the amount of $650.

These events constitute an "Event of Default":

     a. An order is entered dismissing the case, converting the
case to a proceeding under Chapter 7 of the Code, appointing a
trustee, whether under Chapter 11 (other than the Subchapter V
Trustee) or Chapter 7, appointing an examiner, or terminating the
authority of Debtor to conduct business;

     b. The Debtor's misrepresentation of any information contained
in the reports provided to the U.S. Trustee and/or Secured
Creditors;

     c. Violation by Debtor of any of the Debtor's covenants set
forth in the Order or of any provision of any order of the Court
other than the Order;

     d. The Debtor's failure to file a Plan of Reorganization
within 90 days of the Petition Date or the Debtor's failure to
confirm a Plan of Reorganization within 60 days of the filing of a
Plan of Reorganization (Debtor may request further extensions);
and

     e. The Debtor's failure to pay its post-petition liabilities
in full when they are due.

The authorization of the Debtor to use cash collateral will
terminate upon the earlier of:

     (a) the occurrence of an event of default; and

     (b) August 31, 2023, unless extended by court order or by
mutual consent of Secured Creditors and Debtor, which consent, if
given, will not require further court order provided the terms and
conditions set forth in this Order are not modified.

A final hearing on the matter is set for May 31, 2023 at 1:30 p.m.

A copy of the order is available at https://bit.ly/44JkEKn from
PacerMonitor.com.

                   About Turbo Components, Inc.

Turbo Components, Inc. conducts business for the express purpose of
producing and supplying casted and machined aluminum parts,
prototypes, tooling production, sand castings, and the production
of sand casting molds, primarily related to the agricultural
industry.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mich. Case No. 23-01005) on April 28,
2023. In the petition signed by Brad Fortenbacher, president, the
Debtor disclosed $2,420,069 in assets and $4,647,278 in
liabilities.

Judge James W. Boyd oversees the case.

A. Todd Almassian, Esq., at Keller and Almassian, PLC, represents
the Debtor as legal counsel.


UBO-TECHNOLOGIES: Court OKs Interim Cash Collateral Access
----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
Miami Dade Division, authorized Ubo-Technologies, LLC to use cash
collateral on an interim basis in accordance with the budget, with
a 10% variance.

A final hearing on the matter is set for May 17, 2023 at 9:30 a.m.

The Debtor requires the use of cash collateral to continue its
manufacturing of ultraviolet purifying water bottles.

As previously reported by the Troubled Company Reporter, the
Debtor's personal property totals $345,066. The following UCC-1s
are in order of priority:

     1. The U.S. Small Business Administration, UCC-1 #202003483088
filed on July 17, 2020. The SBA's claim for $124,200 is fully
secured;

     2. Yardline Capital, UCC-1 #20210697610X filed on May 5, 2021.
However, Yardline has been paid in full and this UCC-1 needs to be
terminated;

     3. Ouiby d/b/a Kickfurther, UCC-1 #202203041767 filed on
September 19, 2022, for a loan in the amount of $145,962. Ouiby's
claim, if the amount remains unchanged, is secured by specific
inventory as outlined in the Ouiby UCC-1 and is partially secured
in the amount of $83,648 and unsecured as to the balance of
$62,314;

     4. Pay Pal Business, UCC-1 #202203068223 filed on September
21, 2022, is fully secured to the amount of $55,465;

     5. Business Backer filed its UCC-1 #20230014489X on January
17, 2023, which is in the 90-day preference period prior to the
date the Debtor filed the Chapter 11 bankruptcy. The Debtor asserts
that the BB debt is unperfected, and is a voidable preference under
11 U.S.C. Section 547(b), resulting in its claim of $129,042 being
unsecured;

     6. Forward Financing, LLC, filed its UCC-1 #202300316798 on
March 3, 2023, which is in the 90-day preference period prior to
the date the Debtor filed the Chapter 11 bankruptcy. The Debtor
asserts that the Forward debt is unperfected, and is a voidable
preference under 11 U.S.C. Section 547(b), resulting in its claim
of $40,707 being unsecured.

Pursuant to 11 U.S.C. Section 361, the Debtor will provide adequate
protection payments on a monthly basis as follows:

     a. $617 per month to the SBA; and

     b. $1,186 per month to Ouiby d/b/a Kickfurther; and

     c. $451 per month to Pay Pal Business.

A copy of the Court's order and the Debtor's budget is available at
https://bit.ly/3BgusOn from PacerMonitor.com.

The Debtor projects $$43,397 in gross income and $36,514 in total
expenses for May 2023.

                    About Ubo-Technologies, LLC

Ubo-Technologies, LLC manufactures water bottles. The Debtor sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Fla. Case No. 23-12848) on April 13, 2023. In the petition
signed by Rakesh Guduru, founder and CEO, the Debtor disclosed
$327,181 in assets and $2,521,279 in liabilities.

The Honorable Bankruptcy Judge Laurel M. Isicoff oversees the
case.

Chad Van Horn, Esq., at Van Horn Law Group, P.A., represents the
Debtor as legal counsel.


VALCAL INC: Seeks Chapter 11 Bankruptcy Protection
--------------------------------------------------
Valcal Inc. filed for chapter 11 protection in the Middle District
of Florida. The Debtor elected on its voluntary petition to
proceed under Subchapter V of chapter 11 of the Bankruptcy Code.

The Debtor is a Florida profit corporation organized by Articles of
Incorporation filed with the Florida Secretary of State on June 25,
2020.  The Debtor manages and operates two delivery routes for
FedEx Ground.  One of the routes is in Jacksonville, Florida; and
the other is near Ocoee, Florida.

Although the Debtor's current routes are profitable, the Debtor
previously had a third route in Alabama that the Debtor had
acquired, but the operating expenses for the third route in Alabama
turned out to be astronomical and ended up swallowing all of the
Debtor's revenues.  The Debtor was previously losing approximately
$30,000 per month on the third Alabama route due to the fact that
it was in a rural area with long distances between each delivery
stop, often on dirt roads that were in bad condition, which made it
difficult for vehicles to navigate and caused undue wear and tear
to the vehicles.  Once the Debtor determined in its business
judgment that operating the Alabama route was unsustainable due to
the extraordinarily high operating costs, the Debtor terminated its
contract for the third Alabama route with Fed Ex.

To attempt to address these issues, the Debtor attempted to sell
one of its two remaining routes to a third party and use the
proceeds to pay the outstanding debt. The potential buyer put down
a deposit with a third-party broker and then gave the Debtor an
unsolicited additional $150,000 as a deposit, which the Debtor used
to pay the company's debts, but then FedEx unexpectedly refused to
approve the sale.  

In the meantime, prior to the cancellation of the third Alabama
route becoming effective, the massive operating expenses for the
Alabama route resulted in net operating losses, resulting in cash
flow issues for the Debtor.  To attempt to address the cash flow
issues, the Debtor resorted to various predatory merchant cash
advance lenders ("MCA" lenders or so-called "factoring" lenders)
that have burdened the Debtor with usurious and unconscionable
loans, drastically exacerbating the Debtor's financial and cash
flow issues due to the massive and unnecessary fees, interest, and
other costs charged by the MCA lenders that are spiraling to become
unmanageable.  The MCA lenders' ability to unilaterally take funds
from the Debtor's bank accounts has completely depleted the
Debtor's cash reserves and working capital, which makes it
difficult for the Debtor to operate.

The Debtor commenced this Chapter 11 Case in order to implement a
comprehensive restructuring, stabilize its operations for the
benefit of its customers, secured creditors, employees, vendors,
and other unsecured creditors; and to propose a mechanism to
efficiently address and resolve all claims. The filing of this
Chapter 11 Case is not the end-result of any strategy or attempt to
avoid any lawful responsibilities or obligations. Rather, the
Debtor commenced this Chapter 11 Case after a comprehensive review
of all realistic alternatives and the consideration and balancing
of a variety of factors.

                        About Valcal Inc.

Valcal Inc. manages and operates two delivery routes for FedEx
Ground. One of the routes is in Jacksonville, Florida; and the
other is near Ocoee, Florida.

Valcal Inc. filed a petition for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
23-01675) on May 2, 2023.  

In the petition filed by Giovanni Martinez, as president, the
Debtor reported total assets of $970,720 and total liabilities of
$2,055,075.  The petition states that funds will be available to
unsecured creditors.

Jeffrey S. Ainsworth, Esq., at Bransonlaw, PLLC, is the Debtor's
legal counsel.


VECTRA CO: $425M Bank Debt Trades at 17% Discount
-------------------------------------------------
Participations in a syndicated loan under which Vectra Co is a
borrower were trading in the secondary market around 83.3
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $425 million facility is a Term loan that is scheduled to
mature on March 9, 2025.  About $403.8 million of the loan is
withdrawn and outstanding.

Vectra Co. operates as a technology-driven diversified industrial
company serving automotive systems, aerospace, industrial and
renewable energy.



VERRA MOBILITY: S&P Upgrades ICR to 'BB-', Outlook Stable
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Verra
Mobility Corp. to 'BB-' from 'B+'. At the same time, S&P raised its
issue-level ratings on the company's senior secured debt to 'BB'
from 'BB-' and its ratings on the company's senior unsecured debt
to 'B' from 'B-'. The recovery ratings on this debt, at 2 and 6,
respectively, are unchanged.

S&P said, "The stable outlook reflects our expectation that the
company will continue to grow revenues in the 5%-7% range in 2023
while sustaining net leverage well below 4.0x.

"The upgrade reflects our expectation that Verra Mobility will
sustain adjusted net leverage between 3x and 4x.The company has
reduced leverage to 3.4x for the 12 months ended March 31, 2023,
from 5.6x in 2021, as its EBITDA growth exceeded our expectations.
Verra Mobility generates a significant amount of cash, and we
believe it has prudently managed its capital allocation over the
past year with voluntary debt repayment balancing ongoing share
repurchases. While we forecast continued EBITDA growth in 2023 and
2024, we believe that the company is unlikely to maintain net
leverage below 3x, and will instead use a larger percentage of its
free operating cash flow generation, which we expect to exceed $150
million in 2023 and 2024, toward additional share repurchases or
acquisitions.

"Verra Mobility has posted solid growth while maintaining strong
EBITDA margins. In 2023, we forecast Verra Mobility will generate
over $350 million of EBITDA, which is about twice the size of its
EBITDA base in 2018. Over that time, the company has grown both
organically and through acquisitions. Its acquisitions of RedFlex
and T2 have broadened the company's business and geographic
diversification in its government solutions and parking and
curbside management segments. We expect Verra Mobility will
continue to grow revenue at a 5%-7% rate in 2023 and 2024 and
maintain its high EBITDA margins in the mid-40% area. Based on
these factors, we have revised our assessment of business risk to
fair from weak.

"Still, Verra Mobility generates the majority of its revenue in the
U.S. and lacks the customer or geographic diversification of
higher-rated peers with similar leverage profiles. While we expect
Verra Mobility to maintain its contracts with key customers, most
of its commercial services revenue comes from the top three rental
car agencies, and the company's government solutions contracts with
New York City represented about 19% of its total 2022 revenue.
International revenue accounts for less than 10% of Verra
Mobility's total revenue. We believe the company has an opportunity
to significantly improve the scale of its tolling operations in
Europe; however, we expect that initiative could take a number of
years to see a meaningful results."

Verra Mobility's diverse business segments provides some protection
against economic downturn. While rental car usage in the commercial
services segment is exposed to slowing travel volumes in a
recession, the government solutions segment (45% of 2022 revenues)
has strong recurring revenue and is less affected by macroeconomic
conditions. Additionally, parking solutions can be countercyclical
as university enrollment tends to increase in an economic downturn.
During the COVID-19 pandemic in 2020, Verra Mobility's revenue only
declined 12% despite greatly reduced travel volumes followed by a
quick rebound of 40% growth in 2021 while maintaining positive cash
flow over that period.

The stable outlook reflects S&P's expectation that the company will
continue to grow revenues in the 5%-7% range in 2023 while
sustaining net leverage well below 4.0x.

S&P could lower its rating on Verra Mobility if leverage exceeds
4.0x on a sustained basis. Such a scenario could arise if:

-- The company materially underperforms our base-case expectations
for sales and earnings due to weak operating performance;

-- The company's competitive standing or cash generation falters
because of major strategic missteps or inadequate returns on its
ongoing international growth program; or

-- The company pursues an aggressive financial policy.

While unlikely over the next 12 months, S&P could raise the rating
on Verra Mobility if it continues to increase its size and scale
while maintaining leverage below 4.0x. In this scenario:

-- The company materially grows its international businesses and
further decreases customer concentration;

-- The company continues to increase the scale of its toll and
fleet business; and

-- It sustains net leverage below 4.0x.

ESG credit indicators: E-2, S-2, G-2



VICE MEDIA: Lenders to Buy Business Out of Bankruptcy
-----------------------------------------------------
Alexander Saeedy and Jodi Xu Klein of The Wall Street Journal
report that Vice Media is nearing a deal for senior lenders
including Fortress Investment Group and Soros Fund Management to
acquire the troubled media company out of bankruptcy at a valuation
of around $400 million, according to people familiar with the
matter.

Nearly every Vice stockholder -- including backers such as
private-equity firm TPG Group, Sixth Street Partners and media
mogul James Murdoch -- would be wiped out under the proposed
reorganization, the people familiar with the matter said.
Outstanding debts held by TPG and Sixth Street would also be
impaired as part of the plan, the people said. The Murdoch family
is a major shareholder in Journal parent News Corp.

                         About Vice Media

Vice Media Group LLC -- https://www.vicemediagroup.com/ -- is an
American-Canadian digital media and broadcasting company.  It is
behind popular media websites such as Vice and Motherboard.

Vice Media Group is preparing to file for bankruptcy, the New York
Times reported on Monday, May 1, 2023, citing people with knowledge
of its operations.  Its potential bankruptcy comes as several other
media and technology firms have had to downsize in recent months
due to a challenging economy and a weak advertising market.

At the end of April, Vice Media said it will cancel popular TV
program "Vice News Tonight" as part of a broader restructuring that
will result in job cuts across the digital media firm's global news
business, capping years of financial difficulties and top-executive
departures.


VICE MEDIA: Soros Preps Up Offer to Buy Company Out of Bankruptcy
-----------------------------------------------------------------
Jack Davis of The Western Journal reports that Soros Group is
preparing to swoop in and buy major media company, Vice Media, out
of bankruptcy.

Vice Media is likely to be sold to a group of buyers that includes
Soros Fund Management, one of the enterprises of left-wing
billionaire George Soros, according to a new report.

Fortress Investment Group, a senior lender with Vice, also would be
in on the deal, which first would involve Vice filing for Chapter
11 bankruptcy protection followed by a sale, according to a report
in The Wall Street Journal on Friday, May 5, 2023.

The Journal estimated the deal to be worth about $400 million, but
a report in The Guardian suggested the final valuation on Vice
could be between $300 million and $350 million.

In writing about the Soros connection, the Washington Free Beacon
noted it would "boost the billionaire's already enormous influence
in left-wing politics and media."

The Wall Street Journal reported that Vice stockholders —
including private-equity firm TPG Group, Sixth Street Partners and
media mogul James Murdoch — would be "wiped out under the
proposed reorganization."

A deal to buy Vice earlier this year fell through.

Vice told employees it planned to close Vice World News, a global
reporting project, according to the Times.

The Journal noted that Vice was expected to be a leader in the
new-media boom but said digital media has had difficult days of
late, citing BuzzFeed's decision to close its news division, plus
job cuts at Vox.

The Journal report indicated that Vice suffered a major blow when
Greece's Antenna Group ended its multimillion-dollar contract to
purchase content from Vice.

After that, Fortress came around to the view that it would be more
advantageous to go the bankruptcy route instead of hoping a buyer
would emerge, the Journal reported.

                          About Vice Media

Vice Media Group LLC -- https://www.vicemediagroup.com/ -- is an
American-Canadian digital media and broadcasting company.


VOLEL PROFESSIONAL: Court OKs Cash Collateral Access Thru June 1
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division, authorized Volel Professional Pharmacist Association,
P.A. to use cash collateral on an interim basis, through June 1,
2023.

These entities assert an interest in the Debtor's cash collateral:

     -- U.S. Small Business Administration,
     -- Cardinal Health 110, LLC as Agent,
     -- AmerisourceBergen Drug Corp.,
     -- ASD Specialty Healthcare, LLC,
     -- Velocity Capital Group, and
     -- Corporation Service Company, as Representative

The Debtor is permitted to use cash collateral to pay: (a) amounts
expressly authorized by the Court, including payments to the
Subchapter V Trustee fees; (b) the current and necessary expenses
set forth in the budget, plus an amount not to exceed 10% for each
line item; and (c) additional amounts as may be expressly approved
in writing by the Secured Creditors. The authorization will
continue until June 1, 2023.

As adequate protection, the Secured Creditors will have perfected
post-petition liens against cash collateral to the same extent and
with the same validity and priority as their pre-petition liens,
without the need to file or execute any document as may otherwise
be required under applicable non bankruptcy law.

As interim adequate protection, the Debtor will pay Cardinal Health
$12,500 for the month of May 2023, payable on the 20th day of the
month.

The Debtor will maintain insurance coverage for its property in
accordance with the obligations under the loan and security
documents with the Secured Creditors.

A continued hearing on the matter is set for June 1 at 1:30 p.m.

A copy of the order and the Debtor's budget is available at
https://bit.ly/42phXw3 from PacerMonitor.com.

The Debtor projects $99,250 in total income and $101,603 in total
expenses.

        About Volel Professional Pharmacist Association

Volel Professional Pharmacist Association, P.A. operates a pharmacy
in Winter Haven, Florida. The Debtor sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No.
22-05123) on December 29, 2022. In the petition signed by Paul
Volel, Jr., president, the Debtor disclosed $504,659 in total
assets and $5,945,305 in total liabilities.

Judge Catherine Peek McEwen oversees the case.

Buddy D. Ford, Esq., at Buddy D. Ford, P.A., is the Debtor's legal
counsel.



WAVECREST ENTERPRISES: Seeks Cash Collateral Access
---------------------------------------------------
Wavecrest Enterprises LLC asks the U.S. Bankruptcy Court for the
Central District of California, Los Angeles Division, for authority
to use cash collateral in accordance with the budget, with a 15%
variance, and provide adequate protection.

The subject collateral is a 10-unit apartment building located at
19 Wavecrest Avenue, Venice, CA 90291.

The Debtor seeks to use the rents generated from the property to
pay utilities, maintenance, parking, property taxes and insurance.

The Debtor asserts the equity in the Collateral is sufficient to
adequately protect each lienholder's interests.

A copy of the Debtor's motion and budget is available at
https://bit.ly/3nIfEFl from PacerMonitor.com.

The Debtor projects $7,450 in total expenses.

                  About Wavecrest Enterprises LLC

Wavecrest Enterprises LLC is primarily engaged in renting and
leasing real estate properties.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-11438) on March 14,
2023. In the petition signed by Raul Hinojosa, manager, the Debtor
disclosed $6,505,000 in assets and $4,921,659 in liabilities.

Judge Julia W. Brand oversees the case.

Thomas B. Ure, Esq., at Ure Law Firm, represents the Debtor as
legal counsel.



WHEEL PROS: $1.18B Bank Debt Trades at 32% Discount
---------------------------------------------------
Participations in a syndicated loan under which Wheel Pros Inc is a
borrower were trading in the secondary market around 68.1
cents-on-the-dollar during the week ended Friday, May 12, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.18 billion facility is a Term loan that is scheduled to
mature on May 11, 2028.  The amount is fully drawn and
outstanding.

Wheel Pros, Inc. manufactures vehicle wheels. The Company
distributes wheels, tires, suspension, and accessories for
vehicles. Wheel Pros serves customers in the United States and
Canada.



YAK TIMBER: Case Summary & 16 Unsecured Creditors
-------------------------------------------------
Debtor: Yak Timber Inc.
        747 Ocean Cape Rd
        Yakutat, AK 99689

Business Description: The Debtor is a timber company in Yakutat,
                      AK.

Chapter 11 Petition Date: May 11, 2023

Court: United States Bankruptcy Court
       District of Alaska

Case No.: 23-00080

Debtor's Counsel: Terry P. Draeger, Esq.
                  BEATY & DRAEGER, LTD.
                  3900 Arctic Blvd., Suite 101
                  Anchorage, AK 99503
                  Tel: (907) 563-7889
                  Fax: (907) 562-6936
                  Email: draeger@ak.net

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Marvin Adams as CEO.

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

https://www.pacermonitor.com/view/YR2GS6I/Yak_Timber_Inc__akbke-23-00080__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 16 Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

1. Alaska Div of                         Fees              $69,380
Forestry
550 W 7th Ave #1360

2. Alaska Marine Lines                 Services            $31,060
5615 W Marginal Way
Seattle, WA 98106

3. Alaska National Insurance          Insurance            $11,111
7001 Jewel Lake Rd
Anchorage, AK 99502

4. City-Borough of Yakutat              Taxes              $15,916
PO Box 160
Yakutat, AK 99689

5. CMI                                Services             $56,454
5400 Homer Dr
Anchorage, AK
99518

6. Greatland Consulting              Consulting            $32,500
6606 Vista Dr                         Services
Ketchikan, AK 99901

7. IPFS Corporation                 Financing of           $17,798
1055 Broadway                        Insurance
Kansas City, MO 64105

8. Landings at Colony              Vessel Repair/          $13,773
Wharf LLC                            drydock  
1001 C Street
Bellingham, WA 98227

9. Legros Buchanan & Paul         Legal Services           $11,803
4025 Delridge Way
SW #100
Seattle, WA 98106

10. Nelson Petroleum Co                Fuel               $240,000
1125 80th Street SW
Everett, WA 98203

11. Pac Rim Building Supply          Supplies              $29,748
3901 Raymond Ave SW
Renton, WA 98057

12. Pape Kenworth                     Parts                 $3,903
Truck Parts
5931 4th Ave S
Seattle, WA 98108

13. Petro Marine                      Fuel                $395,682
1813 E 1st Avenue
Anchorage, AK 99501

14. Schwabe                      Legal Services            $69,463
Williamson & Wyatt
1211 SW Fifth Ave
#1900
Portland, OR 97204

15. Seward Boat Harbor             Harbor Fees              $2,475
1300 4th Ave
Seward, AK 99664

16. Woods Logging Supply             Supplies              $20,219
702 Industrial Way
Longview, WA
98632


[*] Total Bankruptcies Rise But Still Below Pre-Pandemic Levels
---------------------------------------------------------------
Brett Rowland of HomeNewsHere.com reports that total U.S.
bankruptcy filings climbed in the last 2022, but remain well below
pre-pandemic levels, according to data released Friday by the U.S.
Courts.

U.S. Courts reported bankruptcies increased 2% to 403,273 new cases
in the 12-month period that ended March 31, 2023.  That's compared
with 395,373 cases in the previous year.

But new bankruptcy cases remain sharply lower than before the start
of the  pandemic.

In 2020, there were 764,282 bankruptcy filings. And there were
772,646 filings in 2019.

"This year's 12-month filing total for the quarter ending March 31
is slightly more than half of the total reported in March 2020,
when the pandemic disrupted the U.S. economy," according to U.S.
Courts.

Business filings increased 9.9% from 13,160 in March 2022 to 14,467
in the most recent report. Non-business filings increased 1.7%,
from 382,213 in March 2022 to 388,806 in March 2023.

The most common types of filings for March 2023 were Chapter 7
(231,200) and Chapter 13 (166,449). Chapter 11 (5,371) and Chapter
12 (148) were less common.



[^] BOND PRICING: For the Week from May 8 to 12, 2023
-----------------------------------------------------


  Company                   Ticker  Coupon Bid Price    Maturity
  -------                   ------  ------ ---------    --------
99 Escrow Issuer Inc        NDN      7.500    38.500   1/15/2026
99 Escrow Issuer Inc        NDN      7.500    38.449   1/15/2026
99 Escrow Issuer Inc        NDN      7.500    38.449   1/15/2026
Acorda Therapeutics Inc     ACOR     6.000    63.123   12/1/2024
Air Methods Corp            AIRM     8.000     6.229   5/15/2025
Air Methods Corp            AIRM     8.000     6.356   5/15/2025
Amyris Inc                  AMRS     1.500    24.000  11/15/2026
Applied Optoelectronics     AAOI     5.000    75.902   3/15/2024
Audacy Capital Corp         CBSR     6.500     5.794    5/1/2027
Audacy Capital Corp         CBSR     6.750     5.741   3/31/2029
Audacy Capital Corp         CBSR     6.750     6.589   3/31/2029
BPZ Resources Inc           BPZR     6.500     3.017    3/1/2049
Bed Bath & Beyond Inc       BBBY     5.165     2.750    8/1/2044
Bed Bath & Beyond Inc       BBBY     4.915     2.875    8/1/2034
Bed Bath & Beyond Inc       BBBY     3.749     2.875    8/1/2024
Brixmor LLC                 BRX      6.900    10.275   2/15/2028
Capital Impact Partners     CAIMPA   3.500   100.000   5/15/2023
Capital Impact Partners     CAIMPA   3.300   100.000   5/15/2023
Citigroup Global Markets
  Holdings Inc/
  United States             C        8.500    82.300   5/17/2032
Citizens Financial
  Group Inc                 CFG      6.375    74.689        N/A
Citizens Financial
  Group Inc                 CFG      6.000    78.000        N/A
Clovis Oncology Inc         CLVS     1.250    12.375    5/1/2025
Clovis Oncology Inc         CLVS     4.500    12.069    8/1/2024
Clovis Oncology Inc         CLVS     4.500    12.250    8/1/2024
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   5.375     5.754   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   5.375     5.000   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   6.625     2.448   8/15/2027
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   5.375     5.754   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   5.375     5.697   8/15/2026
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   6.625     3.000   8/15/2027
Diamond Sports Group
  LLC / Diamond Sports
  Finance Co                DSPORT   5.375     6.000   8/15/2026
Diebold Nixdorf Inc         DBD      8.500    11.878   4/15/2024
Diebold Nixdorf Inc         DBD      9.375    41.434   7/15/2025
Diebold Nixdorf Inc         DBD      9.375    40.249   7/15/2025
Diebold Nixdorf Inc         DBD      9.375    47.250   7/15/2025
Diebold Nixdorf Inc         DBD      9.375    40.249   7/15/2025
Diebold Nixdorf Inc         DBD      9.375    41.386   7/15/2025
Discover Bank               DFS      4.682    91.505    8/9/2028
Endo Finance LLC /
  Endo Finco Inc            ENDP     5.375     5.000   1/15/2023
Endo Finance LLC /
  Endo Finco Inc            ENDP     5.375     5.000   1/15/2023
Energy Conversion
  Devices Inc               ENER     3.000     0.551   6/15/2013
Envision Healthcare Corp    EVHC     8.750     1.000  10/15/2026
Envision Healthcare Corp    EVHC     8.750     1.161  10/15/2026
Esperion Therapeutics Inc   ESPR     4.000    41.750  11/15/2025
Exela Intermediate LLC /
  Exela Finance Inc         EXLINT  11.500    12.025   7/15/2026
Exela Intermediate LLC /
  Exela Finance Inc         EXLINT  10.000    40.000   7/15/2023
Exela Intermediate LLC /
  Exela Finance Inc         EXLINT  11.500    11.761   7/15/2026
Exela Intermediate LLC /
  Exela Finance Inc         EXLINT  10.000    44.859   7/15/2023
Federal Home Loan
  Mortgage Corp             FHLMC    0.220    99.396   5/16/2023
Federal Home Loan
  Mortgage Corp             FHLMC    2.300    99.402   5/17/2023
First Citizens
  Bancshares Inc/TX         FIRCTZ   6.000    90.856    9/1/2028
First Citizens
  Bancshares Inc/TX         FIRCTZ   6.000    90.856    9/1/2028
First Horizon Corp          FHN      3.550    98.500   5/26/2023
First Republic Bank/CA      FRCB     4.375     0.913    8/1/2046
First Republic Bank/CA      FRCB     4.625     0.125   2/13/2047
GNC Holdings Inc            GNC      1.500     0.819   8/15/2020
General Electric Co         GE       4.200    92.617        N/A
Goodman Networks Inc        GOODNT   8.000     1.000   5/31/2022
Gossamer Bio Inc            GOSS     5.000    29.533    6/1/2027
Groupon Inc                 GRPN     1.125    36.000   3/15/2026
Hope Bancorp Inc            HOPE     2.000    99.100   5/15/2038
Inseego Corp                INSG     3.250    49.229    5/1/2025
Invacare Corp               IVC      5.000     1.625  11/15/2024
Invacare Corp               IVC      4.250     3.132   3/15/2026
JPMorgan Chase & Co         JPM      2.000    85.700   8/20/2031
JPMorgan Chase Bank NA      JPM      2.000    82.353   9/10/2031
KeyBank NA/Cleveland OH     KEY      0.433    93.275   6/14/2024
Lannett Co Inc              LCIN     7.750     7.587   4/15/2026
Lannett Co Inc              LCIN     4.500     4.443   10/1/2026
Lannett Co Inc              LCIN     7.750     7.246   4/15/2026
Ligand Pharmaceuticals      LGND     0.750    99.700   5/15/2023
Lightning eMotors Inc       ZEV      7.500    54.249   5/15/2024
MBIA Insurance Corp         MBI     16.520     5.500   1/15/2033
MBIA Insurance Corp         MBI     16.578     2.000   1/15/2033
Macy's Retail
  Holdings LLC              M        6.900    89.713   1/15/2032
Macy's Retail
  Holdings LLC              M        6.900    89.713   1/15/2032
Mashantucket Western
  Pequot Tribe              MASHTU   7.350    42.000    7/1/2026
Morgan Stanley              MS       8.000    99.486   5/17/2023
Morgan Stanley              MS       1.800    72.427   8/27/2036
National CineMedia LLC      NATCIN   5.750     2.625   8/15/2026
OMX Timber Finance
  Investments II LLC        OMX      5.540     0.850   1/29/2020
Party City Holdings Inc     PRTY     8.750    14.875   2/15/2026
Party City Holdings Inc     PRTY     6.625     1.000    8/1/2026
Party City Holdings Inc     PRTY    10.130    14.500   7/15/2025
Party City Holdings Inc     PRTY     8.750    15.000   2/15/2026
Party City Holdings Inc     PRTY     6.625     0.750    8/1/2026
Party City Holdings Inc     PRTY    10.130    12.950   7/15/2025
Photo Holdings Merger
  Sub Inc                   SFLY     8.500    42.544   10/1/2026
Photo Holdings Merger
  Sub Inc                   SFLY    11.000    37.166   10/1/2027
Photo Holdings Merger
  Sub Inc                   SFLY     8.500    43.674   10/1/2026
Porch Group Inc             PRCH     0.750    32.500   9/15/2026
Rackspace Technology
  Global Inc                RAX      5.375    22.430   12/1/2028
Rackspace Technology
  Global Inc                RAX      5.375    22.342   12/1/2028
Radiology Partners Inc      RADPAR   9.250    37.235    2/1/2028
Renco Metals Inc            RENCO   11.500    24.875    7/1/2003
Rite Aid Corp               RAD      7.700    31.255   2/15/2027
RumbleON Inc                RMBL     6.750    38.572    1/1/2025
SVB Financial Group         SIVB     4.000     6.500        N/A
SVB Financial Group         SIVB     4.100     7.250        N/A
SVB Financial Group         SIVB     4.700     7.875        N/A
SVB Financial Group         SIVB     4.250     7.250        N/A
Shift Technologies Inc      SFT      4.750    12.125   5/15/2026
Signature Bank/
  New York NY               SBNY     4.000     1.375  10/15/2030
Signature Bank/
  New York NY               SBNY     4.125    -1.206   11/1/2029
Talen Energy Supply LLC     TLN     10.500    31.125   1/15/2026
Talen Energy Supply LLC     TLN      6.500    30.875    6/1/2025
Talen Energy Supply LLC     TLN      7.000    43.250  10/15/2027
Talen Energy Supply LLC     TLN      9.500    36.250   7/15/2022
Talen Energy Supply LLC     TLN      6.500    43.750   9/15/2024
Talen Energy Supply LLC     TLN     10.500    33.000   1/15/2026
Talen Energy Supply LLC     TLN      9.500    22.091   7/15/2022
Talen Energy Supply LLC     TLN      6.500    21.586   9/15/2024
Talen Energy Supply LLC     TLN     10.500    30.657   1/15/2026
Team Health Holdings Inc    TMH      6.375    45.616    2/1/2025
Team Health Holdings Inc    TMH      6.375    47.264    2/1/2025
Team Inc                    TISI     5.000    88.219    8/1/2023
TerraVia Holdings Inc       TVIA     5.000     4.644   10/1/2019
Tricida Inc                 TCDA     3.500    10.750   5/15/2027
US Renal Care Inc           USRENA  10.625    23.474   7/15/2027
US Renal Care Inc           USRENA  10.625    23.554   7/15/2027
UpHealth Inc                UPH      6.250    30.801   6/15/2026
WeWork Cos Inc              WEWORK   7.875    56.249    5/1/2025
WeWork Cos Inc              WEWORK   7.875    55.972    5/1/2025
Wesco Aircraft
  Holdings Inc              WAIR     9.000     9.500  11/15/2026
Wesco Aircraft
  Holdings Inc              WAIR     8.500     4.000  11/15/2024
Wesco Aircraft
  Holdings Inc              WAIR    13.125     8.500  11/15/2027
Wesco Aircraft
  Holdings Inc              WAIR     8.500    11.875  11/15/2024
Wesco Aircraft
  Holdings Inc              WAIR    13.125     7.385  11/15/2027
Wesco Aircraft
  Holdings Inc              WAIR     9.000     9.258  11/15/2026
Western Alliance Bank       WAL      5.250    61.437    6/1/2030
Western Global
  Airlines LLC              WGALLC  10.375    12.255   8/15/2025
Western Global
  Airlines LLC              WGALLC  10.375    12.481   8/15/2025
Zions Bancorp NA            ZION     5.800    79.000        N/A


                            *********

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,
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                            *********

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The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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