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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

              Tuesday, May 30, 2023, Vol. 27, No. 149

                            Headlines

10601 SW 67: U.S. Trustee Unable to Appoint Committee
1207N PRIVE: Taps Law Offices of Richard R. Robles as Counsel
1325 ATLANTIC: Unsecureds Owed $612K Unimpaired in Sale Plan
1600 HICKS ROAD: Court Sets June 28 Plan Disclosures Hearing
502 E JED: Taps Morrison Tenenbaum as Legal Counsel

620 FIRST URBAN: Mark Hall Named Subchapter V Trustee
ADT INC: S&P Upgrades ICR to 'BB-' on Solid Performance Trends
AEGION CORP: S&P Downgrades ICR to 'B-', Outlook Stable
AGS PRO: Seeks Approval to Hire Weaver and Tidwell as Accountant
AGS PRO: Seeks to Hire Special Counsel in USSA Suit

AIJOBORY INVESTMENT: 1Sharpe Says Plan Disclosures Inadequate
AKORN OPERATING: $370M Bank Debt Trades at 69% Discount
ALTIUM PACKAGING: Moody's Affirms B2 CFR & Alters Outlook to Stable
AMERICAN NUTS: MSC Fund Marks $4.2M Loan at 15% Off
AMERICAN ROCK: Moody's Affirms B3 CFR & Alters Outlook to Negative

AMERICAN TELECONFERENCE: Steep Discount for $2.4M MSC Fund Loan
AMERICAN VIRTUAL CLOUD: Chapter 11 Liquidation Plan Approved
AMERICAN VIRTUAL: Files Amendment to Disclosure Statement
ANCHOR GLASS: $647M Bank Debt Trades at 23% Discount
ANCHOR GLASS: Franklin BSP Marks $6.6M Loan at 70% Off

ANDREWS REAL ESTATE: Seeks to Hire Margie Smigel Group as Broker
APPLE STREET: Seeks to Hire Ascent Law as Co-Counsel
ARBOR WORKS: MSC Fund Marks $15.6M Loan at 19% Off
ARISGLOBAL: Moody's Affirms 'B3' CFR, Outlook Remains Stable
ARK LABORATORY: Committee Taps Taft Stettinius as Counsel

ASTRO AB MERGER: Franklin BSP Marks $8.1M Loan at 24% Off
ATH SPORTS: Kevin Lam Named Subchapter V Trustee
ATH SPORTS: Seeks to Hire Choi & Ito as Local Counsel
ATH SPORTS: Taps Pashman Stein Walder Hayden as Lead Counsel
ATHENEX INC: Hopes to Get Bids in Chapter 11 Bankruptcy

ATLAS PURCHASER: $250M Bank Debt Trades at 50% Discount
AUBSP OWNERCO 8: Taps Wright Ponsoldt and Lozeau as Special Counsel
BADGER FINANCE: $268M Bank Debt Trades at 31% Discount
BANYAN CAY: Keen-Summit to Auction West Palm Property on June 13
BBB TANK: MSC Fund Marks $1M Loan at 48% Off

BEAR HAVEN: Seeks to Hire Finestone Hayes as Local Counsel
BEAR HAVEN: Seeks to Tap Mark J. Giunta as Bankruptcy Counsel
BELK INC: $300M Bank Debt Trades at 15% Discount
BIGHORN RESTAURANTS: Taps A&G Realty Partners as Estate Advisor
BIRDIELU LLC: Hires Lefkovitz & Lefkovitz PLLC as Counsel

BISON LAND: Robert Byrd Named Subchapter V Trustee
BOXED INC: Committee Taps Alvarez & Marsal as Financial Advisor
BRICKCHURCH ENTERPRISES: Bay Point Proposes Liquidating Plan
BUCA C LLC: MSC Fund Marks $11.4M Loan at 30% Off
CAZOO GROUP: In Talks With Bondholders on Restructuring

COMMERCEHUB INC: Franklin BSP Marks $12.3M Loan at 15% Off
CORE SCIENTIFIC: Improves Financial Performance Since Chapter 11
CORELOGIC INC: Franklin BSP Marks $10.8M Loan at 26% Off
CORNER BAKERY: Private Investor Submits $12-Mi. Lead Bid
COVENANT SURGICAL: $100M Bank Debt Trades at 20% Discount

CREATIVE INVESTORS: Taps Armando Alfonso as Special Counsel
DATACOM LLC: MSC Fund Marks $951,000 Loan at 91% Off
DAVID'S BRIDAL: Seeks to Hire Cole Schotz as Bankruptcy Counsel
DAWN ACQUISITIONS: $550M Bank Debt Trades at 42% Discount
DECURTIS HOLDINGS: Seeks to Hire Groombridge as Special Counsel

DIAMOND SPORTS: $635M Bank Debt Trades at 23% Discount
DIAMOND SPORTS: MLB Commissioner to Testify in Chapter 11 TV Row
DIEBOLD NIXDORF: $626M Bank Debt Trades at 62% Discount
DIV005 LLC: Plan Confirmation Hearing on May 30
DODGE DATA: $130M Bank Debt Trades at 29% Discount

DTC CABOOSE: Francis Brennan Named Subchapter V Trustee
E-B DISPLAY: Seeks to Hire Manchester RBG as Financial Advisor
E-B DISPLAY: Seeks to Hire Wickens Herzer Panza as Legal Counsel
E-B DISPLAY: Taps Signet Capital Advisors as Investment Banker
E.R. BAKEY: Neema Varghese Named Subchapter V Trustee

EFS PARLIN: Taps Burr & Forman as Legal Counsel
ELEVATE TEXTILES: Reaches Deal for Out-of-Court Restructuring
EMERALD X INC: Term Loan Extension No Impact on Moody's 'B2' CFR
EMERGENT BIOSOLUTIONS: Moody's Affirms 'B3' CFR, Outlook Negative
EMERGENT BIOSOLUTIONS: S&P Affirms 'B+' ICR, Outlook Negative

ENERGY PLUS: Taps Law Offices of Michael Jay Berger as Counsel
ENTEC SERVICES: Robert Byrd Named Subchapter V Trustee
ENVISION HEALTHCARE: $300M Bank Debt Trades at 4% Discount
EYECARE PARTNER: $750M Bank Debt Trades at 24% Discount
FARWAY MARINA: Taps Leech Tishman Robinson Brog as Legal Counsel

FINCO I LLC: Moody's Affirms 'Ba1' CFR Amid Mubadala Transaction
FINTHRIVE SOFTWARE: Moody's Cuts CFR to Caa1 & 1st Lien Debt to B3
FKB LLC: Seeks to Hire Archer & Greiner P.C. as Counsel
FOGO DE CHAO: Moody's Affirms Caa1 CFR & Alters Outlook to Stable
FOOT LOCKER: S&P Alters Outlook to Negative, Affirms 'BB+' ICR

FREE SPEECH: Jones Could Take Money Back from Wife to Pay Suit
GENESISCARE USA: EUR500M Bank Debt Trades at 74% Discount
GRAYSON UNLIMITED: U.S. Trustee Unable to Appoint Committee
GREENHILL & CO: S&P Places 'BB-' ICR on CreditWatch Positive on
GUNNELS & BURTIN: James Overcash Named Subchapter V Trustee

HALLMARK FINANCIAL: A.M. Best Withdraws ccc- Issuer Credit Rating
HERITAGE POWER: Taps Munsch Hardt Kopf & Harr as Conflicts Counsel
HMH CONSTRUCTION: Seeks to Hire BC Business Services as Accountant
HONX INC: To Pay At Least $106-Mil. to Asbestos Victims
HORNBLOWER SUB: $349M Bank Debt Trades at 49% Discount

HYBRID PROMOTIONS: MSC Fund Marks $7.8M Loan at 18% Off
IHEARTCOMMUNICATIONS: $402M Bank Debt Trades at 22% Discount
INDEPENDENT PET: June 29 Disclosure Statement & Plan Hearing Set
INDEPENDENT PET: MSC Fund Marks $10.9M Loan at 67% Off
INDEPENDENT PET: Unsecureds Owed $10M to Get 11.4% Under Plan

INDRA HOLDINGS: $50M Bank Debt Trades at 50% Discount
INMET MINING: Committee Taps Dentons Bingham Greenebaum as Counsel
INMET MINING: Committee Taps Whiteford as Co-Counsel
INSTANT BRANDS: $450M Bank Debt Trades at 72% Discount
INTEGRATED EFFIECIENCY: Franklin BSP Marks $1.6M Loan at 50% Off

INTERMEDIA HOLDINGS: MSC Fund Marks $10.8M Loan at 23% Off
JIM'S ALL SEASONS: Seeks to Hire Forbes Law as Counsel
KEYSTONE GAS: Unsecureds Owed $1.18M to Get 13% Under Plan
LAKELAND TOURS: Franklin BSP Marks $5.7M Loan at 15% Off
LAKEVIEW HEALTH: Franklin BSP Marks $1.7M Loan at 68% Off

LANNETT COMPANY: Crossover Group Taps Sullivan, A&C as Attorneys
LIFESCAN GLOBAL: $1.48B Bank Debt Trades at 18% Discount
LOGIX ACQUISITION: MSC Fund Marks $9.5M Loan at 18% Off
LYONS MAGNUS: $285M Bank Debt Trades at 27% Discount
M.A.R. DESIGNS: Unsecured Creditors to Get 20% Payout in Plan

MADERA COMMUNITY: Comm. Taps Sills Cummis & Gross as Co-Counsel
MADERA COMMUNITY: Committee Taps Perkins Coie as Legal Counsel
MAIMONIDES MEDICAL: $15.7M Bank Debt Trades at 16% Discount
MAIMONIDES MEDICAL: $16.8M Bank Debt Trades at 16% Discount
MALLINCKRODT PLC: Creditor Group Lawyers Gear for Payment Talks

MATCON CONSTRUCTION: Contribution & Ongoing Operation to Fund Plan
MAVIS TIRE: $125MM Term Loan Add-on No Impact on Moody's B3 CFR
MCDONALD WORLEY: Franklin BSP Marks $15M Loan at 35% Off
MGTF RADIO: Franklin BSP Marks $48.8M Loan at 15% Off
MOJ REALTY: Plan Due at Initial Status Conference on July 6

MOUNTAINEER MERGER: Moody's Cuts CFR to 'B3', Outlook Stable
MPH ACQUISITION: $1.33B Bank Debt Trades at 15% Discount
MSCI INC: Moody's Affirms 'Ba1' CFR & Alters Outlook to Positive
MURPHY CREEK: Wants May 31 Extension to File Disclosure Statement
N.F. INTERNATIONAL: Case Summary & Eight Unsecured Creditors

NATIONAL CINEMEDIA: $270M Bank Debt Trades at 69% Discount
NATIONAL VISION: Moody's Alters Outlook on 'Ba2' CFR to Negative
NAUTILUS POWER: $728M Bank Debt Trades at 29% Discount
NEP/NCP HOLDCO: Moody's Lowers CFR to Caa1, Outlook Remains Stable
NEXREV LLC: MSC Fund Marks $2.7M Loan at 18% Off

NIELSEN & BAINBRIDGE: Wants to Save Quoizel as Chapter 11 Deal Fail
NOBILITY MANAGEMENT: Mark Sharf Named Subchapter V Trustee
NORWICH DIOCESE: To Auction St. Bernard School to Pay Survivors
ONE CALL: $700M Bank Debt Trades at 28% Discount
P&P CONSTRUCTION: Seeks to Hire Reed Smith as Bankruptcy Counsel

P&P CONSTRUCTION: Taps Peckar & Abramson as Special Counsel
PALASOTA CONTRACTING: Hires Waldron & Schneider as Counsel
PALLADIUM CORRAL: Seeks to Hire West & West Attorneys as Counsel
PHOTIZO LLC: Judy Wolf Weiker Named Subchapter V Trustee
PINNACLE DRILLING: Asset Sale Proceeds to Fund Plan Payments

PRECISION FORGING: Seeks to Hire Master Plan as Accountant
PREMIERE GLOBAL: Franklin BSP Marks $969,000 Loan at 85% Off
PREMISE HEALTH: S&P Downgrades ICR to 'B-', Outlook Stable
PRETIUM PKG: $350M Bank Debt Trades at 38% Discount
PRIME PAINTERS: Taps Rountree Leitman Klein & Geer as Counsel

PUG LLC: $1.70B Bank Debt Trades at 15% Discount
QUALTEK LLC: Moody's Lowers CFR to Ca & Alters Outlook to Stable
R & D CARPENTER: To Seek Plan Confirmation at June 27 Hearing
RANDAZZO'S CLAM BAR: Taps Vincent Lentini as Bankruptcy Attorney
RE-CONNECT MY LIFE: Charles Mouranie Named Subchapter V Trustee

RED PLANET: $1.40B Bank Debt Trades at 16% Discount
RESEARCH GROUP: MSC Fund Marks $9.7M Loan at 23% Off
S O D HOLDINGS: Seeks to Hire J.M. Cook as Legal Counsel
SABRE GLBL: $644M Bank Debt Trades at 25% Discount
SABRE HOLDINGS: Moody's Lowers CFR to B3, Outlook Remains Stable

SAFEWAY TRANSPORT: Seeks to Hire Bryant D. Guy as Legal Counsel
SAIBABA HOTELS: Gets OK to Hire DeMarco·Mitchell as Legal Counsel
SANIBEL REALTY: Seeks to Tap Wesoloski Carlson as Special Counsel
SENSIENCE INC: Moody's Cuts CFR to Caa2 & First Lien Debt to Caa1
SERTA SIMMONS: Clashes With Lenders in Final Bankruptcy Fight

SHUTTERFLY LLC: $1.11B Bank Debt Trades at 42% Discount
SILVER CREEK: Seeks to Hire Winthrop as Legal Counsel
SKILLSOFT CORP: Franklin BSP Marks $1.3M Loan at 16% Off
SOUND INPATIENT: $200M Bank Debt Trades at 35% Discount
SOUND INPATIENT: $610M Bank Debt Trades at 31% Discount

STAGE LIGHTING: Hires Parker & DuFresne P.A. as Counsel
STAGE LIGHTING: Robert Altman Named Subchapter V Trustee
STO-ROX SCHOOL: Moody's Affirms 'Caa1' Issuer & GOULT Ratings
SVB FINANCIAL: Ex and Present Officers Okayed to Tap D&O Insurance
SYNDIGO LLC: $160M Bank Debt Trades at 16% Discount

SYNTHESIS INDUSTRIAL: Unsecureds Will Get 67% of Claims in Plan
TANDEM REAL ESTATE: Taps Lanard & Axilbund as Broker
TAX DEFENSE: Franklin BSP's $42M Loan Has Steep Discount
TAX DEFENSE: Franklin BSP's $7.4M Loan Has Steep Discount
TEAM HEALTH: $1.59B Bank Debt Trades at 39% Discount

TRINSEO PLC: S&P Lowers ICR to 'CCC+' on Near-Term Maturity
TRITON SOLAR US: $100M Bank Debt Trades at 12% Discount
UPTOWN 240: Gets OK to Hire Chrysalis as Appraiser
US FOODS: S&P Upgrades ICR to 'BB', Outlook Stable
US REALM POWDER: Seeks Approval to Hire Sale Monitor

US TELEPACIFIC: MSC Fund Marks $13.6M Loan at 74% Off
VIDA CAPITAL: MSC Fund Marks $6.1M Loan at 26% Off
VINCI BRANDS: Case-Mate to Hold Public Auction on June 5
VOLEL PROFESSIONAL: Taps Bleakley as Bankruptcy Counsel
WELLFUL INC: Moody's Cuts CFR to B3 & First Lien Term Loan to B2

WHCG PURCHASER: Franklin BSP Marks $29M Loan at 16% Off
WHCG PURCHASER: Franklin BSP Marks $7M Loan at 16% Off
WHEEL PROS: $1.18B Bank Debt Trades at 40% Discount
WHITTAKER CLARK: U.S. Trustee Appoints Talc Committee
WYE RIVER: Ordered to File Plan and Disclosures by July 31

WYNN RESORTS: S&P Assigns 'BB' Rating on Amended Credit Facility
ZAYO GROUP: $750M Bank Debt Trades at 21% Discount
ZAYO GROUP: EUR750M Bank Debt Trades at 22% Discount
[] High Court Won't Take Solvent Firms' Appeal of Ch. 11 Penalties
[^] Large Companies with Insolvent Balance Sheet


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10601 SW 67: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of 10601 SW 67 CT, LLC, according to court dockets.
    
                       About 10601 SW 67 CT

10601 SW 67th Ct, LLC, a company in Doral Fla., filed its voluntary
petition for Chapter 11 protection (Bankr. S.D. Fla. Case No.
23-13112) on April 21, 2023, with as much as $1 million to $10
million in both assets and liabilities. Soranyi Sosa, managing
member of 10601 SW 67th Ct, signed the petition.

Judge Robert A. Mark oversees the case.

The Law Office of Aubrey G. Rudd serves as the Debtor's bankruptcy
counsel.


1207N PRIVE: Taps Law Offices of Richard R. Robles as Counsel
-------------------------------------------------------------
1207N Prive Investments, LLC received approval from the U.S.
Bankruptcy Court for the Southern District of Florida to employ the
Law Offices of Richard R. Robles.

The Debtor requires legal counsel to:

     a. give advice with respect to the powers and duties of the
Debtor under the Bankruptcy Code;

     b. advise the Debtor with respect to its responsibilities in
complying with the U.S. Trustee's Operating Guidelines and
Reporting Requirements and

     c. prepare legal documents;

     d. protect the interest of the Debtor in all matters pending
before the court; and

     e. represent the Debtor in negotiation with its creditors in
the preparation of a Chapter 11 plan.

The firm will be paid at these rates:

     Managing Attorney           $400 per hour
     Senior Attorney             $325 per hour
     Junior Attorney             $275 per hour
     Associate Attorney          $225 per hour
     Juris Doctor (non-lawyer)   $175 per hour
     Law Clerk                   $150 per hour
     Paralegal                   $90 per hour

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

The retainer fee is $25,000.

Richard Robles, Esq., a partner at the Law Offices of Richard R.
Robles, 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:

     Richard R. Robles, Esq.
     Law Offices of Richard R. Robles, P.A.
     905 Brickell Bay Drive, Suite 228
     Miami, FL 33131
     Telephone: (305) 755-9200
     Email: rrobles@roblespa.com
            assistant@roblespa.com

                   About 1207N Prive Investments

1207N Prive Investments, LLC, a company in Miami, Fla., filed its
voluntary petition for Chapter 11 protection (Bankr. S.D. Fla. Case
No. 23-13239) on April 27, 2023, with $1 million to $10 million in
both assets and liabilities. Semmin Safi Nasser, manager, signed
the petition.

Judge Laurel M. Isicoff oversees the case.

The Law Offices of Richard R. Robles, P.A. serves as the Debtor's
bankruptcy counsel.


1325 ATLANTIC: Unsecureds Owed $612K Unimpaired in Sale Plan
------------------------------------------------------------
1325 Atlantic Realty LLC submitted a First Amended Disclosure
Statement for Plan of Liquidation pursuant to Chapter 11 of the
Bankruptcy Code.

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's Plan is a plan of liquidation.  In general, a chapter
11 plan of liquidation (i) divides claims into separate classes,
(ii) specifies the property that each class is to receive under the
plan, and (iii) contains other provisions necessary to implement
the Plan. Under the Bankruptcy Code, "claims" are classified rather
than "creditors" because such entities may hold claims in more than
one class.

Under the Plan, Class 2 General Unsecured Claims total $612,160.
Each Holder of an Allowed General Unsecured Claim will receive one
or more distributions on a pro-rata basis, 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.  Class 2 is unimpaired.

As a condition to effectiveness of this Plan, the Debtor must close
on the Property Sale.  The Property Sale is intended to be exempt
from otherwise applicable Transfer Taxes in accordance with Section
1146(a) of the Bankruptcy Code.

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 Like-Kind 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 hereunder 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. The U.S. Trustee fees shall be paid as
follows, the Debtor and the BHG Claimants shall each pay 1/2 of the
fees of the United States Trustee as due and payable in this
Chapter 11 Case relating only to the direct distribution paid by
the Debtor under the Plan of Liquidation to the Debtor's direct
creditors. United States Trustee fees shall not include any funds
paid by Waldman, his assigns or designees, separately based upon
payments to holders of mechanic's liens or real estate taxes.

The Bankruptcy Court has scheduled a hearing to consider final
approval of this Disclosure Statement and confirmation of the Plan
for June 27, 2023 at 3:30 p.m. Holders of Claims and other parties
in interest may attend this hearing.  Objections to confirmation of
the Plan and final approval of the Disclosure Statement must be
filed on or before June 20, 2023 at 4:00 p.m. as set forth in the
Disclosure Statement Approval Order.

Counsel to the Debtor:

     Tracy L. Klestadt, Esq.
     Christopher J. 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

A copy of the Disclosure Statement dated May 17, 2023, is available
at bit.ly/3Il3bOY from PacerMonitor.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.


1600 HICKS ROAD: Court Sets June 28 Plan Disclosures Hearing
------------------------------------------------------------
1600 Hicks Road LLC filed with the Bankruptcy Court a motion for a
combined hearing on the adequacy of the Disclosure Statement and
confirmation of the Plan.

On March 13, 2023, the Debtor filed a Plan and a Disclosure
Statement.

In seeking a combined hearing, the Debtor explained that the
largest creditor in the case, EH National Bank, has been very
active in the case, and is familiar with the litigation history
between the Debtor and that creditor, and the Debtor believes that
the financial information reported in the Disclosure Statement is
adequate in view of the nature of the financial issues in this
case.

On May 24, 2023, the Court ordered that:

   1. The Motion is GRANTED to the extent that it requests a
hearing on the adequacy of the Disclosure Statement filed on March
13, 2023;

   2. The hearing on the adequacy of the Disclosure Statement shall
be held on June 28, 2023, at 10:30 a.m. in courtroom 644 at 219
South Dearborn Street, Chicago, and all participants must appear in
person;

   3. In compliance with the requirements of Fed. R. Bankr. P.
2002, Debtor shall send out notice of the Disclosure Statement
Hearing, including a statement that it will be conducted in person,
by the close of business on May 26, 2023;

   4. The Notice shall also provide that objections to the
Disclosure Statement are due on or before June 20, 2023, and that
any responses to objections are due on or before June 23, 2023;

   5. Any objection to the Disclosure Statement must specifically
include the basis of the objection and the proposed resolution,
whether on the substance of the Disclosure Statement, or the
language contained therein or lack thereof; and

  * This Motion is continued to the Disclosure Statement Hearing
for scheduling of a hearing on confirmation, and the Notice shall
include a statement to that effect.

Attorney for the Debtor:

     David P. Lloyd, Esq.
     DAVID P. LLOYD, LTD.
     615B S. LaGrange Rd.
     LaGrange, IL 60525
     Tel: (708) 937-1264
     Fax: (708) 937-1265

                     About 1600 Hicks Road

Rolling Meadows, Ill.-based 1600 Hicks Road, LLC, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
22-13205) on Nov. 14, 2022.  Anam Qadri, partner, signed the
petition.  At the time of the filing, the Debtor disclosed total
assets of $1,930,100 and total liabilities of $2,700,000.

Judge David D. Cleary oversees the case.

David P. Lloyd, Esq., at David P. Lloyd, Ltd., represents the
Debtor.


502 E JED: Taps Morrison Tenenbaum as Legal Counsel
---------------------------------------------------
502 E Jed Realty Corp. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to employ Morrison
Tenenbaum, PLLC as its legal counsel.

The firm's services include:

     a. advising the Debtor with respect to its powers and duties
in the management of its estate;

     b. assisting in any amendments of schedules and other
financial disclosures and in the preparation, review or amendment
of a disclosure statement and plan of reorganization;

     c. negotiating with creditors and taking the necessary legal
steps to confirm and consummate a plan of reorganization;

     d. preparing legal papers;

     e. appearing before the bankruptcy court; and

     f. performing other legal services for the Debtor that may be
necessary and proper for an effective reorganization.

The firm will be paid at these rates:

     Lawrence F. Morrison   $595 per hour
     Brian J. Hufnagel      $525 per hour
     Associates             $380 per hour
     Paraprofessionals      $200 per hour

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

The retainer fee is $17,000.

Lawrence Morrison, Esq., a partner at Morrison Tenenbaum, 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:

     Lawrence F. Morrison, Esq.
     Morrison Tenenbaum, PLLC
     87 Walker Street, Second Floor,
     New York, New York 10013
     Tel: (212) 620-0938      
     Fax: (646) 390-5095
     Email: info@m-t-law.com

                   About 502 E Jed Realty Corp.

502 E Jed Realty Corp., a company in Astoria, N.Y., filed its
voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case
No. 23-41316) on April 18, 2023, with $1 million to $10 million in
both assets and liabilities. Judge Nancy Hershey Lord oversees the
case.

Lawrence F. Morrison, Esq., at Morrison Tenenbaum, PLLC serves as
the Debtor's legal counsel.


620 FIRST URBAN: Mark Hall Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Mark Hall, Esq., a
partner at Fox Rothschild, LLP, as Subchapter V trustee for 620
First Urban Renewal, LP.

Mr. Hall will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Hall declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Mark E. Hall, Esq.
     Fox Rothschild, LLP
     49 Market Street
     Morristown, NJ 07960
     (973) 548-3314
     Email: mhall@foxrothschild.com

                   About 620 First Urban Renewal

620 First Urban Renewal, LP operates in the building and
construction industry.

620 First Urban Renewal filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. D.N.J. Case No.
23-12631) on March 30, 2023, with $1 million to $10 million in both
assets and liabilities. Judge Sherwood oversees the case.

McManimon, Scotland & Baumann, LLC is the Debtor's legal counsel.


ADT INC: S&P Upgrades ICR to 'BB-' on Solid Performance Trends
--------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Florida-based
ADT Inc. to 'BB-' from 'B+'.

The stable outlook reflects S&P's expectation that EBITDA will rise
on the company's growth prospects including benefits from
partnership arrangements with State Farm and Google and the company
will benefit from expense leveraging given its large scale.

S&P said, "We expect ADT's robust performance trends to continue
following recent solid results. ADT's revenues for the 12-month
period ended March 31, 2023, were up 16% to nearly $6.5 billion
while S&P Global Ratings-adjusted EBITDA rose 21% to $2.6 billion
resulting from a full year's earnings from Sunpro (its solar
business), higher pricing, and subscriber growth. Although we think
ADT could face macroeconomic headwinds including lower consumer
discretionary spending, backlogs in commercial segment and
improvement in residential subscriber attrition could provide an
offset. For the next one to two years, we expect growth in the
consumer and small business (CSB) and commercial segments to
continue, helping to mitigate softness in the solar business and
leading to modest improvement in credit metrics. In 2023, we
believe growth in the solar business will be constrained by rising
interest rates that limits consumers' ability to finance
high-ticket solar systems and lingering supply issues for
equipment. However, we anticipate medium-to long-term
attractiveness of this segment on efforts to reduce dependence on
fossil fuels, including tax incentives.

"Partnerships are an important consideration to reduce subscriber
acquisition costs and improve churn. We believe ADT's arrangements
with Google and State Farm will broaden its scale and scope of
operations. ADT is offering co-branded and jointly developed
solutions and has demonstrated success on its arrangement with
Google thus far. In 2022, ADT launched Google's Nest doorbell and
camera devices that were well-received by the customers. As a
result, ADT's product attachment rate increased 2x on doorbell and
30% on cameras. Brand-name recognition of each company and
partners' commitment to provide funds (as well as ownership stakes
in ADT's common shares) to develop ADT's customer outreach should
lower the company's expenses while providing topline growth. These
partners are together providing $600 million to ADT to fund product
innovation and marketing. In our opinion, the benefits to partners
are compelling. Google is benefiting from higher product sales and
State Farm is expanding its customer reach through ADT's over 6.4
million customers. The recent partnership with State Farm is
nascent, and we believe it offers significant cross-selling
opportunities to the sizable market of the insurer's 14 million
policyholders.

"We revised our business risk assessment to satisfactory from fair
based on ADT's ability to adapt to the emergence of smart home
technology and improve customer reach through these partnerships.
Still, persistent customer attrition necessitates onerous
subscriber acquisition costs to sustain business growth, limiting
our view of its competitive strength relative to 'BB' rated
issuers. We therefore apply a negative comparable ratings analysis
modifier.

"We expect credit measures to improve following the company's
publicly announced plan to deleverage and our forecast of earning
growth. ADT has elevated debt of about $9.7 billion as of March 31,
2023. Plans to reduce net debt by $1 billion by 2025 will improve
its financial health, and we think the company is on track to
achieve this target given the $200 million paydown thus far in 2023
and its cash resources.

"ADT's ongoing free cash flow generation will play an important
role in reaching its target. Still, free cash flow generation
remains thin for the current ratings with FOCF to debt of about 5%.
We believe ADT has potential to improve this metric as its customer
base grows and subscriber acquisition costs decline. We expect
investments in new subscriber acquisition, although flexible, will
remain crucial for the growth and will continue to remain high at
around $1.6 billion annually. Thus, the ability of the company to
navigate cash flows through growth while pursuing financial policy
targets remains key."

Governance has improved as Apollo's ownership stake continues to
decline. In late 2022, ADT announced a securities purchase
agreement with State Farm under which the insurer acquired a 14%
stake in ADT, reducing private-equity sponsor Apollo's ownership
stake to 54% from 70% previously. S&P expects the reduced stake
will result in the financial sponsor having less influence on the
company's financial policies and capital deployment. In addition, 4
out of 12 directors are now independent, further reducing the
likelihood that corporate decision-making would focus on maximizing
shareholder returns by assuming greater financial risk, a
characteristic common among private equity-owned companies. State
Farm has appointed its representative on ADT board as an
independent director. Google has a 6% ownership stake in ADT under
its partnership arrangement.

S&P said, "We believe ADT is better positioned among U.S. peers.
ADT has built its size and scale via acquisitions and by increasing
its customer value proposition through complementary product
offerings and investments. Its closest U.S. peers, Vivint and
Monitronics, which are smaller in terms of revenues. We expect ADT
to successfully execute on its business plans, which should result
in sustained solid overall performance the next two years.
European-based Verisure operates in many markets outside the U.S.
Its subscriber attrition rates are lower than ADT, which we
attributed to its participation in underpenetrated markets with
high growth prospects.

"We think the company's three-year revenue plan is a stretch as
prospects in the solar business are dimming this year. One of the
key areas for the company's plan to achieve its targeted $10
billion revenues in 2025 is through its solar business (currently
below 15% of consolidated revenues). We think that the company
could face headwinds given the challenges facing the solar sector.
We view residential solar energy as high-priced and discretionary,
so currently high interest rates and uncertainties about a
recession will likely slow growth this year and possibly into next
year. However, we think growth prospects are attractive in the next
two to three years. Significant cross-selling and bundling
opportunities with ADT's CSB markets as consumers adopt smart home
automation should propel growth. We also think that the Inflation
Reduction Act of 2022 will fuel growth longer term. The Solar
Investment Tax Credit provision was originally scheduled to
decrease to 22% in 2023, however, the Inflation Reduction Act
provides an increase in tax credit to 30% credit effective until
2032.

"The stable outlook reflects our expectation that ADT's operating
performance will improve as it reduces customer churn and broadens
its home automation solutions and service offerings with
cross-selling opportunities under its partnership arrangements and
solar business. As a result, we expect a modest improvement in
credit metrics in the next one to two years.

"We could lower our rating if debt to EBITDA rises above 4.5x or
FOCF to debt declines to the low-single-digit percent area because
of increased subscriber attrition, debt-funded shareholder returns,
higher than anticipated customer acquisition costs, or it
experiences operational challenges.

"Though unlikely given modest free operating cash flow, we could
upgrade ADT if it increases and maintains its free cash flow such
that FOCF to debt approaches 10% and demonstrates its ability to
sustain strong operating metrics with improvement in customer
attrition and subscriber acquisition costs. An upgrade would also
be predicated on a continued decline in its financial-sponsor
ownership."

ESG credit indicators:

-- E-2, S-2, G-2



AEGION CORP: S&P Downgrades ICR to 'B-', Outlook Stable
-------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Aegion Corp.
to 'B-' from 'B'. The outlook on the rating is stable. At the same
time, S&P lowered its issue-level rating on the company's revolving
credit facility and term loan to 'B-' from 'B'. The '3' recovery
rating is unchanged.

S&P said, "The stable outlook reflects our expectation that Aegion
will modestly improve EBITDA margins, reduce debt to EBITDA toward
7x, and generate positive free operating cash flow (FOCF) in 2023.

"The downgrade reflects sustained high leverage through 2023 and
weaker-than-expected margins. As of March 31, 2023, S&P Global
Ratings-adjusted EBITDA margins were 8.2% on a rolling-12-months
basis, trailing our expectation of the low-teens percents. Due to
the impact of inflation, higher labor, fuel, and raw material
(primarily resin) costs, Aegion's gross margins suffered as the
company worked on old lower margin projects in backlog it had bid
on before inflation took hold. Lower profitability and higher debt
(Aegion issued a $55 million add-on term loan in 2022 for
acquisitions) resulted in an elevated S&P Global Ratings-adjusted
debt-to-EBITDA ratio of 10.3x as of March, higher than our previous
expectation below 6.5x. We anticipate new backlog contracts with
higher margins could modestly improve profitability. While our base
case assumes EBITDA margin will improve to a low-teens percent in
2023, leverage will still be elevated at or above about 7x in
2023.

"Working capital outflow caused Aegion's negative FOCF in 2022,
despite our expectation for potential improvement in 2023. Aegion
had a total working capital outflow of more than $100 million in
2022 due to delays in milestone billings and collections with
certain customers, combined with increased inventories to meet
higher volumes and provide products with a shorter lead time. FOCF
was about a $150 million deficit after accounting for modest
capital expenditure. Nevertheless, liquidity was supported by the
disposal of discontinued energy services business and sales of a
few business units in 2022. As the company has made efforts to
improve the billing process and expedite outstanding payment
collections, we anticipate a positive trend in working capital in
2023. However, expected higher interest expenses this year will
still pressure free cash flow generation, with anticipated FOCF to
debt in the low-single-digit percents in 2023-2024.

"In our view, uncertainties of margin and cash flow improvement
remain, accompanied by operational risks. Lower margin projects in
backlog, estimation of new contract prices relative to ongoing
inflations, and reversal of working capital could present downside
risks to earnings and cash flow. Additionally, a portion of
Aegion's business, energy infrastructure, which accounts for
approximately one-fifth of its 2022 revenue, is exposed to the
cyclical oil and gas end markets. Project volumes decreased in 2020
due to reduced demand caused by lower oil prices and the impact of
the COVID-19 pandemic. Given the nature of the business and its
engineering and construction industry, Aegion also faces project
execution risk and potential cost overruns on fixed-price contracts
as part of normal operations.

"The stable outlook reflects our expectation that Aegion will
modestly improve EBITDA margins, reduce debt to EBITDA toward 7x in
2023, and generate positive FOCF."

S&P could lower the rating if:

-- Debt to EBITDA remains elevated or FOCF sustains negative over
the next 12 months, leading S&P to assess the capital structure as
unsustainable; or

-- Liquidity position erodes because of cash flow deficits, and it
appears unlikely that it could obtain additional financing.

S&P could raise its rating on Aegion if:

-- Debt to EBITDA declines and is sustained below 6x; or

-- FOCF to debt improves to the mid-single-digit percent area on a
sustained basis.

This would likely be achieved by, for example, revenue and earnings
growth, margin improvement, better working capital management, and
disciplined financial policy and shareholder returns.

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

S&P said, "Governance is a moderately negative consideration in our
credit rating analysis of Aegion, as is the case for most rated
entities owned by private-equity sponsors. We believe the company's
highly leveraged financial risk profile points to corporate
decision-making that prioritizes the interests of its controlling
owners. This also reflects private-equity owners' generally finite
holding periods and focus on maximizing shareholder returns."




AGS PRO: Seeks Approval to Hire Weaver and Tidwell as Accountant
----------------------------------------------------------------
AGS Pro, Inc. seeks approval from the U.S. Bankruptcy Court for the
Central District of California to employ Weaver and Tidwell, LLP as
its accountant.

The Debtor requires an accountant to:

     a. compile financial statements, reconcile bank statements and
credit cards, prepare or amend monthly operating reports, prepare
2022 and 2023 financial statements, provide transaction processing
support such as coding and data entry of credit card and banking
transactions, prepare customer/client invoice and record cash and
deposit payment from sales;

     b. prepare the Debtor's 2022 Federal and State tax returns;
and
  
     c. provide advice and analysis related to tax consulting
services.

Weaver and Tidwell will be paid a fixed monthly fee of $4,775, plus
$143.25 administrative and technology charge, for outsourced
accounting; and a flat fee of $15,500 for the preparation of the
Debtor's 2022 federal and state tax returns. For tax consulting
services, the firm will charge these hourly fees:

                           Tax       Advisory
     Partner               600        600
     Director              525        500
     Senior Manager 2      475        450
     Senior Manager 1      450        400
     Manager 2             370        360
     Manager 1             345        330
     Senior 3              325        295
     Senior 2              310        275
     Senior 1              285        260
     Associate 2           255        240
     Associate 1           240        220
     Intern                210        200

In addition, the firm will seek reimbursement for work-related
expenses incurred.

Weaver and Tidwell is "disinterested" pursuant to Section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Chad Valentine
     Weaver and Tidwell, LLP
     400 W. Illinois, Suite 1550 |
     Midland, TX 79701
     Telephone: (817) 332-7905

                           About AGS Pro

AGS Pro, Inc. provides security services throughout the United
States and internationally with strategic alliance partnerships.
Its services include commercial security, estate security and
special events. The Debtor's headquarters is located at 6133
Bristol Parkway, Suites 175 and 280, Culver City, Calif.

AGS Pro sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. C.D. Calif. Case No. 23-12236) on April 13, 2023. In
the petition signed by its chief executive officer, Lee Andrews,
the Debtor disclosed $1 million to $10 million in assets and $10
million to $50 million in liabilities.

Judge Deborah J. Saltzman oversees the case.

The Debtor tapped Aaron E. de Leest, Esq., at Danning, Gill, Israel
& Krasnoff, LLP as legal counsel and Weaver and Tidwell, LLP as
accountant.


AGS PRO: Seeks to Hire Special Counsel in USSA Suit
---------------------------------------------------
AGS Pro, Inc. seeks approval from the U.S. Bankruptcy Court for the
Central District of California to employ Santiago Law Group and
Eggleston, King, Davis, LLP as special litigation counsel.

As special litigation counsel, the firms will represent the Debtor
in matters related to the trade secrets lawsuit (Case No.
18STCV02533) filed by U.S. Security Associates, Inc. in Los Angeles
County Superior Court; and the subsequent appeal of the $15.03
million judgment entered by the Superior Court against the Debtor.

The firms will be paid as follows:

     Eggleston's professional rates are:

     -- $525 per hour for Whitney A. Davis
     -- $325 per hour for associates
     -- $150 per hour for paralegals
  
     Santiagos's professional rates are as follows:

     -- $475 per hour for Art Santiago
     -- $375 per hour for associates
     -- $150 per hour for paralegals and legal assistants

As disclosed in court filings, the firms and their attorneys are
disinterested pursuant to Section 101(14) of the Bankruptcy Code.

The firms can be reached through:

     Artemio Santiago, Esq.
     Santiago Law Group
     21300 Victory Boulevard, suite 470
     Woodland Hills, CA 91367
     Telephone number: (818) 657-5600
     Email: santiago@santiagolg.com

     -- and --

     Whitney A. Davis, Esq.
     Eggleston, King, Davis, LLP
     641 Fulton Avenue, Suite 200
     Sacramento, CA 95824
     Telephone number: (817) 596-4200
     Email: Whit@ekdlaw.com

                           About AGS Pro

AGS Pro, Inc. provides security services throughout the United
States and internationally with strategic alliance partnerships.
Its services include commercial security, estate security and
special events. The Debtor's headquarters are located at 6133
Bristol Parkway, Suites 175 and 280, Culver City, Calif.

AGS Pro sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. C.D. Calif. Case No. 23-12236) on April 13, 2023. In
the petition signed by its chief executive officer, Lee Andrews,
the Debtor disclosed $1 million to $10 million in assets and $10
million to $50 million in liabilities.

Judge Deborah J. Saltzman oversees the case.

The Debtor tapped Aaron E. de Leest, Esq., at Danning, Gill, Israel
& Krasnoff, LLP as bankruptcy counsel. Santiago Law Group and
Eggleston, King, Davis, LLP serve as special litigation counsels.


AIJOBORY INVESTMENT: 1Sharpe Says Plan Disclosures Inadequate
-------------------------------------------------------------
1Sharpe Income Fund, LP, objects to Aijobory Investment, LLC's
Amended Disclosure Statement dated May 3, 2023.

1Sharpe points out that neither the Disclosure Statement nor the
proposed Plan of Reorganization provides that 1Sharpe Opportunity
Intermediate Trust's lien or 1Sharpe Income Fund LP's lien will
survive confirmation of the Plan until the underlying debt is paid
in full.

1Sharpe further points out that the Disclosure Statement has the
improper name of 1Sharpe Opportunity Intermediate Trust.

1Sharpe asserts that the Disclosure Statement and Plan do not
provide any details of the cost or timing needed to repair and
restore the collateral properties, being 1124 South 54th Street,
Philadelphia, PA 19143 and 6624 Woodland Avenue, Philadelphia, PA
19142.

1Sharpe complains that the Disclosure Statement is objectionable as
the Debtor proposes to treat creditors who are similarly secured by
mortgages differently in his Plan.

According to 1Sharpe, Pages 18 and 21 of the Disclosure Statement
are objected to as they do not include, at a minimum, 1 property
owned by Debtor, being 1124 South 54th Street, Philadelphia, PA
19143.

1Sharpe points out that the Disclosure Statement is objected to as
there is no appraisal of 1124 South 54th Street included.

1Sharpe further points out that the Disclosure Statement is
objected to as the means of implementing the Plan are too vague re:
timing, valuation, net proceeds, etc.

1Sharpe asserts that the Disclosure Statement is objected to as
Debtor has failed to set forth a realistic ability to initially
fund the Plan, as there are basically no funds in the TD Bank
account.

According to, 1Sharpe the Disclosure Statement fails to provide
sufficient financial information, such as a Statement of Assets and
Liabilities, Profit and Loss Analysis and other information to
inform creditors of the liens, encumbrances, security interests,
loans and other financial obligations that may impair the Debtor or
its assets.

1Sharpe complains that the Disclosure Statement fails to provide
sufficient financial information regarding the ongoing operating of
the Debtor to determine whether such operations will generate
sufficient net income.

Attorney for Creditor, 1Sharpe Income Fund, LP

     Craig H. Fox, Esq.
     FOX AND FOX ATTORNEYS AT LAW, P.C.
     700 E. Main Street, Suite 200
     Norristown, PA 19401
     Telephone: (610) 275-7990
     Facsimile: (610) 275-2866
     E-mail: cfox@foxandfoxlaw.com

                    About Aijobory Investment

Aijobory Investment, LLC, a company in Lansdowne, Pa., sought
protection under Chapter 11 of the U.S Bankruptcy Code (Bankr. E.D.
Pa. Case No. 22-12008) on Aug. 1, 2022.  In the petition filed by
its operations manager, Hatim Mukhef, the Debtor reported assets
between $1 million and $10 million and liabilities between $500,000
and $1 million.

Judge Magdeline D. Coleman oversees the case.

Ronald J. Pressley, Esq., at Ronald J. Pressley Associates, P.C.,
is the Debtor's counsel.


AKORN OPERATING: $370M Bank Debt Trades at 69% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Akorn Operating Co
LLC is a borrower were trading in the secondary market around 30.7
cents-on-the-dollar during the week ended Friday, May 26, 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.



ALTIUM PACKAGING: Moody's Affirms B2 CFR & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Investors Service affirmed Altium Packaging LLC's B2
Corporate Family Rating, B2-PD Probability of Default Rating, and
B2 senior secured bank credit facility rating. The outlook has been
changed to stable from negative.

The outlook change to stable reflects Moody's expectation that
Altium will generate sustainable credit metrics and free cash flow
generation suitable for its ratings, as the recapture of rapid
input cost inflation to date has been successfully executed with
appropriate pricing actions. In addition, the acquisitions of
Plastic Industries and Andersen Plastics in August 2022 will
continue to support EBITDA growth of the company with a larger
geographic footprint, more diverse customer base, and cross-selling
opportunities with Altium's existing product portfolio. The funding
of these acquisitions with meaningful equity from Altium's
sponsors, Loews and GIC, is viewed positively and displays balance
sheet and risk management discipline.

"Altium has more financial flexibility, with the successful pricing
actions having recaptured significant cost inflation to date, and
continued EBITDA growth enhancement from recent acquisitions," said
Scott Manduca, Vice President at Moody's.      

Affirmations:

Issuer: Altium Packaging LLC

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured 1st Lien Bank Credit Facility, Affirmed B2

Outlook Actions:

Issuer: Altium Packaging LLC

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

Altium's B2 Corporate Family Rating reflects the company's diverse
product offering, inclusive of post-recycled resin (PCR), high
switching costs from operating capacity near customer operations,
material science capabilities with a focus on customer
sustainability solutions, and free cash flow generation. The
disciplined approach to balance sheet and risk management through
the financing of bolt-on acquisitions with a component of sponsor
equity is noted and supportive of the ratings.

Moody's B2 rating also reflects competition from not only smaller
players in the fragmented packaging market, but also larger, higher
rated packaging companies. Although Altium has recently shown
discipline in protecting its balance sheet by financing recent
acquisitions partly with equity, Moody's do consider the company's
financial policy aggressive. Altium is expected to continue to grow
through debt-funded acquisitions, and while no dividend payments
are in Moody's forecast, the company paid out a $200 million debt
funded dividend in 2021.

The stable outlook reflects expected sustained EBITDA improvement
and a reduction in debt leverage with contributions from recent
acquisitions and continuing cost reduction initiatives.  

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

The ratings could be upgrade if there is sustainable improvement in
credit metrics and cashflow, while maintaining good liquidity.
Specifically, debt-to-adjusted EBITDA (Moody's adjusted) is below
5.0x, EBITDA-to-interest is above 3.5x, and free cash flow-to-debt
is above 5%

The ratings could be downgraded if there is a deterioration in
credit metrics or liquidity. Specifically, if debt-to-adjusted
EBITDA (Moody's adjusted) is above 6.0x, adjusted
EBITDA-to-interest is below 2.5x, and free cash flow-to-debt is
below 3%.

Based in Atlanta, Georgia, Altium Packaging LLC is a North American
manufacturer of rigid plastic containers for consumer product and
beverage companies, as well as a supplier of recycled resin.       

   
The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass and Plastic Containers published in
December 2021.


AMERICAN NUTS: MSC Fund Marks $4.2M Loan at 15% Off
---------------------------------------------------
MSC Income Fund, Inc has marked its $4,228,000 loan extended to
American Nuts, LLC to market at $3,614,000 or 85% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in MSC Fund's Form 10-Q for the Quarterly Period ended
March 31, 2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to American Nuts,
LLC. The loan accrues interest at a rate of 11.38% (SF +8.75%, 1%
Payment in Kind) per annum. The loan matures on April 10, 2026.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

American Nuts, LLC wholesales and distributes food products. The
Company imports nuts, seeds, dried fruit, and organic ingredients.



AMERICAN ROCK: Moody's Affirms B3 CFR & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service changed American Rock Salt Company LLC's
("ARS") ratings outlook to negative from stable. At the same time,
Moody's affirmed ARS's Corporate Family Rating of B3, the
Probability of Default Rating of B3-PD, the rating of the first
lien senior secured term loan of B3 and the rating of the second
lien senior secured term loan of Caa2.

Affirmations:

Issuer: American Rock Salt Company LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured First Lien Bank Credit Facility, Affirmed B3

Senior Secured Second Lien Bank Credit Facility, Affirmed Caa2

Outlook Actions:

Issuer: American Rock Salt Company LLC

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The change in the outlook to negative reflects the company's
persistently high financial leverage and the deterioration of its
liquidity profile after another mild winter season that resulted in
a low demand for the deicing salt. The rating affirmation considers
the company's continued efforts to improve operating performance,
increase productivity and efficiency, and to raise prices, which
have altogether led to a moderate operating margin expansion during
the December 2022 quarter as compared to the prior year. The rating
affirmation also reflects Moody's expectations that the owners
would support the company after periods of exceptionally weak
snowfall (e.g., two or more consecutive warm winters).

The B3 CFR reflects ARS's limited scale with a single mine, lack of
business diversity and weather-dependent business model that
results in volatile credit metrics and cash flow generation. The
rating is supported by the company's sector leading operating
margins, highly variable cost structure, typically strong cash flow
from operations and low capital expenditures partially offset by a
dividend policy that has historically led to significant
shareholder distributions. Factors that further support the rating
are high barriers to entry in rock salt mining industry and cost
advantages in the company's primary markets in western and central
New York and Pennsylvania due to favorable access to truck and rail
transportation and operating one of the lowest costs and the newest
salt mines in the United States.

ARS's financial leverage, measured as Moody's-adjusted Debt/EBITDA,
was 8.2x in the LTM ended December 31, 2022, mainly as a result of
the debt-financed recapitalization undertaken by the company in
2021 which constrained its ability to withstand high variability in
winter conditions, as well as the second consecutive mild winter
season. Although the company has likely generated a meaningful
amount of free cash flow during the March 2023 quarter and repaid
its revolver borrowings, leverage is expected to remain high and
liquidity tight.

ARS experiences a material build-up in working capital and
generates negative free cash flow from April to December with the
December quarter typically being the tightest in terms of
liquidity. Low March quarter end cash balance and temporarily
reduced revolver borrowing capacity that steps down from March to
August suggests that there is a meaningful risk that ARS could
exhaust its liquidity before the revolver commitment steps back up
to $70 million in September and, potentially, before its starts
collecting accounts receivables from the next snow season, unless
the company takes steps to conserve cash, receives a capital
injection or secures additional external financing. Furthermore,
because of the below average snowfall in the Northeast, state,
municipal and commercial customers have likely been left with high
salt inventories, which could limit the company's ability to
materially raise prices during the current bid season and lead to
lower pre-fill orders during the late summer and early fall 2023.

Moody's estimates that ARS's FY2023 EBITDA, as adjusted by Moody's,
will be modestly higher on a y-o-y basis, but due to high gross
debt levels, leverage will remain relatively unchanged at around
8-8.5x. Assuming average 2023-2024 winter conditions, rational
bidding season behavior by the industry participants, modest price
increases to offset the inflationary pressures and expand margins
and that ARS will use the majority of anticipated free cash flow
for debt repayment, Moody's expects adjusted debt/EBITDA to decline
to around 7.5-8x by the end of FY2024. However, should the markets
the company serves again experience the below-average winter
conditions, if operating and transportation costs continue to rise
beyond the price increases or if competition follows aggressive
bidding practices, leverage could remain well in excess of 8x in
FY2024.

The negative outlook reflects the risk of a further deterioration
in the company's credit profile, heightened liquidity risks and
very limited financial flexibility to withstand another mild winter
season.

By the nature of its business, i.e., deriving nearly 100% of its
revenues from underground mining of rock salt deposits, American
Rock Salt faces a number of ESG risks typical for a company in the
mining industry including compliance with stringent health, safety
and environmental regulations. However, environmental risks for
salt miners are generally lower than those of base and precious
metals producers because salt mining is considered less hazardous
and requires less processing (crushing and grinding). The company
faces high governance risks, given the high leverage, company's
private ownership, concentrated control and the history of
significant owner distributions.

American Rock Salt's is expected to have poor liquidity in the next
12 months. As of March 31, 2023, ARS had about $8 million in cash
on hand and $32.5 million available under the revolving credit
facility (unrated). The revolver is subject to borrowing base and
will expire in 2026. The revolver commitment steps down from $70
million to $35 million from March to August each year and contains
a springing fixed charge coverage ratio test of 1.1x if revolver
excess availability is less than 10% of the borrowing base. Moody's
anticipate that that the company will rely heavily on its
asset-based revolving credit facility (unrated) and believe there
is meaningful risk that the covenant could be triggered over the
next four quarters.

The senior secured first lien term loan due 2028 is rated B3, on
par with the B3 CFR, reflecting its large proportion of the overall
debt. It has a first priority lien on all fixed domestic assets,
salt reserves and minerals rights. The senior secured second lien
term loan due 2029 is rated Caa2, reflecting its subordinate
position in the capital structure relative to the first lien term
loan and the asset-based revolver (unrated) due 2026 that has a
first priority lien on current assets. The term loans are
guaranteed by all material domestic subsidiaries of the borrower
American Rock Salt Company LLC.

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

An upgrade is unlikely in the near term given high gross debt
levels and history of re-levering the company. However, Moody's
would consider an upgrade if the company pays down debt so that in
mild (trough) winter conditions leverage does not exceed 6x,
interest coverage remains above 2x on a sustained basis, the
company generates positive free cash flow and maintains good
liquidity and a conservative financial policy (i.e., does not
continually dividend out excess cash or lever up to take advantage
of improved earnings).

Moody's could downgrade the rating if in mild (trough) winter
conditions leverage continues to exceed 8x on a sustained basis,
interest coverage falls and remains below 1.25x and liquidity (cash
plus revolver availability) declines below $30 million. Moody's
could also downgrade the rating if the company undertakes a large
debt-financed acquisition or another dividend recapitalization.

American Rock Salt Company LLC produces highway deicing rock salt.
The company operates a single mine in upstate New York and sells
primarily to state and local government agencies in the
northeastern United States. The firm is a wholly owned subsidiary
of American Rock Salt Holdings LLC, which is closely held by
private investors including some members of management. The company
does not publicly disclose its financial statements. Headquartered
in Retsof, NY, American Rock Salt generated approximately $270
million in revenue for the twelve months ended December 31, 2022.

The principal methodology used in these ratings was Chemicals
published in June 2022.


AMERICAN TELECONFERENCE: Steep Discount for $2.4M MSC Fund Loan
---------------------------------------------------------------
MSC Income Fund, Inc has marked its $2,425,000 loan extended to
American Teleconferencing Services, Ltd to market at $124,000 or 5%
of the outstanding amount, as of March 31, 2023, according to a
disclosure contained in MSC Fund's Form 10-Q for the Quarterly
Period ended March 31, 2023, filed with the Securities and Exchange
Commission.

MSC Fund is a participant in a Secured Debt Loan to American
Teleconferencing Services, Ltd. The loan accrues interest at a rate
of 7.50% (L +6.50%) per annum. The loan matures on July 7, 2023.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

American Teleconferencing Services, Ltd., doing business as
Premiere Global Services, Inc., provides communication solutions.
The Company offers audio and web-based conferencing and
collaboration services.  Premiere Global Services serves
information technology, enterprise, small business, and marketing
industries worldwide.


AMERICAN VIRTUAL CLOUD: Chapter 11 Liquidation Plan Approved
------------------------------------------------------------
Rick Archer of Law360 reports that Georgia-based cloud
communications company American Virtual Cloud Technologies Inc. has
gotten approval from a Delaware bankruptcy judge for its Chapter 11
liquidation plan, which will distribute the nearly $6. 8 million
the company fetched at auction earlier this year.

        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.


AMERICAN VIRTUAL: Files Amendment to Disclosure Statement
---------------------------------------------------------
American Virtual Cloud Technologies, Inc., et al., submitted an
Amended Combined Disclosure Statement and Chapter 11 Plan of
Liquidation dated May 22, 2023.

The value of the Debtors' business is keyed to its intellectual
property of the software, the knowhow of the employees and the
integrated approach of the software combined with the Company's
proprietary processes. Following the Petition Date, the Debtors
have continued the business as a going concern while undertaking
further marketing efforts which has been essential to be able to
realize the full value of the business.

Northland and the Debtors ran an open process that was intended to
protect the best interests of the Debtors' estates and preserve the
Debtors' ability to exercise their fiduciary duties throughout the
process (the "Sale Process"). The Sale Process was designed to
maximize value for all constituencies.

On March 7, 2023, the Debtor held the Auction and, following the
Auction, filed the Notice of Successful Bidder and Auction Results
identifying Skyvera, LLC as the successful bidder with a purchase
price of $6,780,062.00. On March 10, 2023, certain pro se
shareholders filed an objection to the Sale Motion. On March 15,
2023, the Bankruptcy Court held a hearing on the Sale Motion and
entered the Sale Order granting the relief requested therein and
except as provided in the Sale Order, overruled all objections to
the Sale.

            Payment of Statutory Fees

All Statutory Fees that become due and payable prior to the
Effective Date shall be paid by the Debtors on the Effective Date.
After the Effective Date, the Plan Administrator, Post-Effective
Date Debtors and Post-Effective Date AVCT shall pay any and all
Statutory Fees when due and payable. The Debtors shall file all
monthly operating reports due prior to the Effective Date when they
become due, using UST Form 11-MOR. After the Effective Date, the
Plan Administrator, each Post-Effective Date Debtor and the
Post-Effective Date AVCT shall file with the Bankruptcy Court
separate UST Form 11-PCR reports when they become due.

Notwithstanding the limited substantive consolidation of the
Debtors called for in the Combined Disclosure Statement and Plan,
each and every one of the Debtors, Post-Effective Date Debtors and
Post-Effective Date AVCT and Plan Administrator shall be and shall
remain obligated to pay Statutory Fees to the Office of the U.S.
Trustee until the earliest of that particular Debtor's case being
closed, dismissed, or converted to a case under Chapter 7 of the
Bankruptcy Code. The U.S. Trustee shall not be required to file any
Administrative Expense Claim in the case and shall not be treated
as providing any release under the Combined Disclosure Statement
and Plan.

Like in the prior iteration of the Plan, Class 3 General Unsecured
Claims total $6,100,000 will recover 90% to 95% of their claims.
Each Holder of an Allowed General Unsecured Claim will receive, in
full and final satisfaction, compromise, settlement, and release,
and in exchange for such Allowed General Secured Claim, its Pro
Rata Share of the Net Distributable Proceeds (which shall be paid
pari passu with the AVCT Canada Employee Obligations).

Allowed Claims and any amounts necessary to wind down the Debtors'
Estates shall be paid from the Debtors' Assets, subject to the
limitations and qualifications.

On or before the Effective Date, the Debtors shall establish the
Plan Administrator Wind-Down and Expense Reserve, which account
shall be administered by the Plan Administrator in his or her sole
discretion. The amount used to fund the Plan Administrator Wind
Down and Expense Reserve shall be used to pay for the expenses of
winding down the Estates and the AVCT Non-Debtor Subsidiaries in
accordance with the laws of the country under which each is
organized and governed.

The Plan Administrator, subject to the terms and conditions of this
Combined Disclosure Statement and Plan, shall wind-down the Estates
and the AVCT Non-Debtor Subsidiaries as expeditiously as reasonably
practicable. After all Estates and AVCT Non-Debtor Subsidiaries are
wound-down and all expenses of the Plan Administrator have been
paid, any remaining Cash in the Plan Administrator Wind-Down and
Expense Reserve shall be treated as Net Distributable Proceeds for
Distributions pursuant to this Combined Disclosure Statement and
Plan.

A full-text copy of the Amended Combined Disclosure Statement and
Plan dated May 22, 2023 is available at
https://urlcurt.com/u?l=nlpTl1 from PacerMonitor.com at no charge.

Counsel to the Debtors:

     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
     Telephone: (302) 652-3131
     E-mail: preilley@coleschotz.com
             snewman@coleschotz.com
             jdougherty@coleschotz.com
             mfitzpatrick@coleschotz.com

          - and -

     Michael D. Sirota, Esq.
     David M. Bass, Esq.
     Court Plaza North, 25 Main Street
     Hackensack, NJ 07601
     Telephone: (201) 489-3000
     E-mail: msirota@coleschotz.com
             dbass@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.


ANCHOR GLASS: $647M Bank Debt Trades at 23% Discount
----------------------------------------------------
Participations in a syndicated loan under which Anchor Glass
Container Corp is a borrower were trading in the secondary market
around 77.1 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $647 million facility is a Term loan that is scheduled to
mature on December 7, 2023.  About $609.8 million of the loan is
withdrawn and outstanding.

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


ANCHOR GLASS: Franklin BSP Marks $6.6M Loan at 70% Off
------------------------------------------------------
Franklin BSP Lending Corp has marked its $6,667,000 loan extended
to Anchor Glass Container Corporation to market at $2,003,000 or
30% of the outstanding amount, as of March 31, 2023, according to a
disclosure contained in Franklin BSP's Form 10-Q for the Quarterly
Period ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Anchor Glass Container Corporation. The loan accrues
interest at a rate of 12.56% (L+7.75%) per annum. The loan matures
on December 7, 2024.

Franklin BSP said the loan is on non-accrual status as of March
31.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

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



ANDREWS REAL ESTATE: Seeks to Hire Margie Smigel Group as Broker
----------------------------------------------------------------
Andrews Real Estate Investments, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Illinois to employ
Margie Smigel Group, LLC, as its real estate broker.

Margie Smigel will market and sell the Debtor's property located at
1917, 1919, and 1923 W. Greenwood Ave. and 1900 W. Lake St.

The broker will charge 5 percent of the purchase price of the
property.

As disclosed in the court filings, Margie Smigel Group holds no
adverse interest to the Debtor and is a disinterested person.

The firm can be reached through:

     Margie Smigel
     Margie Smigel Group, LLC
     720 S. Dearborn PH 4
     Chicago, IL 60605
     Direct: 312-953-1466
     Office: 312-953-1466
     Email: margiereal@gmail.com

               About Andrews Real Estate Investments

Andrews Real Estate Investments, LLC is the fee simple owner of six
real estate properties valued at $2 million.

Andrews Real Estate Investments filed for bankruptcy protection
under Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. N.D.
Ill. Case No. 22-04861) on April 28, 2022, listing total assets of
$2,000,031 and total liabilities of $115,182. Neema T. Varghese
serves as Subchapter V trustee.

Judge David D. Cleary oversees the case.

Ben Schneider, Esq. and Matthew Stone, Esq., at Schneider & Stone
serve as the Debtor's counsel.


APPLE STREET: Seeks to Hire Ascent Law as Co-Counsel
----------------------------------------------------
Apple Street One Twenty, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Utah to employ Ascent Law as
co-general bankruptcy counsel.

The firm will provide these services:

   a. advice with respect to the powers and duties of the Debtor
and the Debtor in Possession;

   b. taking all necessary action to protect and preserve the
estate of the Debtor;

   c. assisting in preparing on behalf of the Debtor all necessary
schedules and statements, motions, applications, answers, orders,
and other papers;

   d. representation of Debtor in connection with all appearances;

   e. assisting in presenting the Debtor's proposed plan of
reorganization and all related transactions and related revisions;

   f. representation of the Debtor in connection with the hearing
on confirmation and all related matters; and

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

The firm will be paid at these rates:

     Ryan E. Simpson, Esq.     $350 per hour
     Paralegals                $75 to $125 per hour

The firm received from the Debtor a retainer of $35,000.

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

Ryan E. Simpson, Esq., a partner at Ascent Law disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Ryan E. Simpson, Esq.
     Ascent Law
     8833 South Redwood Road, Suite C
     West Jordan, UT 84088
     Telephone: (801) 432-8682
     Facsimile: (888) 247-2541
     Email: ryan.simpson@ascentlaw.com

              About Apple Street One Twenty

Apple Street One Twenty, LLC in Salt Lake City, UT, filed its
voluntary petition for Chapter 11 protection (Bankr. D. Utah Case
No. 23-21870) on May 10, 2023, listing as much as $1 million to $10
million in both assets and liabilities. Steven K. Walker as
manager, signed the petition.

Stokes Law PLLC, and Ascent Law serve as the Debtor's legal
counsels.


ARBOR WORKS: MSC Fund Marks $15.6M Loan at 19% Off
--------------------------------------------------
MSC Income Fund, Inc has marked its $15,665,000 loan extended to
ArborWorks, LLC to market at $12,617,000 or 81% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in MSC Fund's Form 10-Q for the Quarterly Period ended March 31,
2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to ArborWorks,
LLC. The loan accrues interest at a rate of 14.83% (L +7%, 3%
Payment in Kind) per annum. The loan matures on November 9, 2026.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

ArborWorks LLC was founded in 2009. The company's line of business
includes providing ornamental shrub and tree services.  



ARISGLOBAL: Moody's Affirms 'B3' CFR, Outlook Remains Stable
------------------------------------------------------------
Moody's Investors Service affirmed the ratings of AG Parent
Holdings, LLC ("ArisGlobal"), including the B3 CFR, the B2 rating
on the $240 million senior secured first lien term loan and $30
million senior secured first lien revolving credit facility, and
the Caa2 rating on the $50 million senior secured second lien term
loan (with about $26 million outstanding). The outlook remains
stable.

Affirmations:

Issuer: AG Parent Holdings, LLC

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Backed Senior Secured First Lien Bank Credit Facility, Affirmed
B2

Backed Senior Secured Second Lien Bank Credit Facility, Affirmed
Caa2

Outlook Actions:

Issuer: AG Parent Holdings, LLC

Outlook, Remains Stable

RATINGS RATIONALE

The affirmation of the B3 CFR reflects the elevated leverage,
ongoing investments and operational challenges that have led to
limited cash flow generation and have pressured margins, especially
during fiscal year ended December 31, 2022. However, the company
maintains a solid market position, with a strong reputation
especially in its pharmacovigilance software, which enables
pharmaceutical companies and regulatory bodies to monitor the
safety of drugs after their approval and marketing.

ArisGlobal has a substantial debt load of nearly twice its 2022
revenue. This has led the company to maintain elevated financial
leverage, with debt-to-EBITDA of about 7.1x at year end 2022
(inclusive of add-backs to EBITDA for non-recurring investments and
one-time compensation costs but subtracting capitalized software
costs). These investments, arising from the need to refresh the
company's legacy technology infrastructure and efforts to expand
capabilities in the company's drug pre-approval Clinical segment as
well the Regulatory segment, have put pressure on margins and also
led to lower cash flows, as evidenced by free cash flow of about $7
million in 2022 (after subtracting interest costs).

The company also faced labor shortages and the need to hire and
train a significant number of workers very rapidly in late 2021 and
the first half of 2022, factors which resulted in inefficiencies in
the implementation process of the newest version of its main
software platform, LifeSphere MultiVigilance. These implementation
delays and inefficiencies resulted in customer churn and down-sell
and crimped the company's margins in 2022. Positively, worker
turnover has significantly improved, and ArisGlobal has established
improved training and implementation procedures as well as new
partnerships with systems integrators that have resulted in quicker
implementation timetables and improved labor economics. These
factors, together with an ongoing process to migrate customer to
the newest platform as well as ongoing cross-sell and upsell
opportunities, will result in revenue growth of at least 10% this
year, followed by stronger growth in 2024, resulting in financial
leverage declining to about 6.8x at year end 2023 and closer to 6x
at 2024.

Liquidity is adequate and is supported by about $11 million in cash
at December 31, 2022. Subsequently in Q1 2023, the revolver was
fully drawn as a reaction to the turmoil in the banking industry,
but it has been largely repaid and management expects it to be
fully repaid by Q2 or early Q3. The company does not typically rely
on the revolver to run the business. Moody's expects ArisGlobal to
generate approximately $5 million of free cash flow in 2023 (after
interest payments) with a more robust amount in 2024, with
free-cash-flow-to-debt approaching 6%. The company's interest rate
hedges provide some downside protection to cash flows amidst high
interest rates. The revolver expires in July 2024, and Moody's
expects the company will be able to extend it ahead of expiration
date. The revolver agreement contains a springing maximum 7.85x
first lien net leverage ratio when the facility is drawn more than
35% of its committed amount. Moody's expects the company to
maintain sufficient headroom under the covenant over the next
year.

ESG considerations are material to the ratings of ArisGlobal as
reflected by its Credit Impact Score of CIS-4, which is driven by
governance risks arising from the company's concentrated ownership,
the maintenance of elevated financial leverage, and the lack of an
independent board of directors.

The second lien facility is subordinated to the first lien debt,
which is rated B2, or one notch above the Corporate Family Rating
(CFR), while the second lien itself is two notches below, at Caa2.
The respective notching differentials for the first and second lien
debt's ratings relative to the CFR reflect the loans' priority
ranking and relative sizes in the capital structure. In recent
years, the reduction in second lien debt, from $50 million to about
$26 million, relative to overall reported debt has resulted in a
decreased amount of cushion for loss absorption provided by the
second lien term loan for the first lien term loan. Hence, absent
an upgrade of the CFR, a further increase in the proportion of
first lien debt relative to overall debt could result in a
downgrade of the first lien term loan.

The stable outlook reflects Moody's expectation that cash flows and
earnings will improve as investments subside and the company
continues to improve its operational efficiency, especially on the
software implementations front.

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

The ratings could be upgraded if ArisGlobal significantly expands
its scale and scope of service offerings, and if leverage, as
measured by free-cash-flow-to-debt, can be sustained at 8% or
better. A ratings downgrade could result if revenue growth halts
abruptly, reflective perhaps of the loss of a major customer, or if
free cash flow as a percentage of debt is sustained below 3%, or if
liquidity weakens.

AG Parent Holdings, LLC develops software that helps pharmaceutical
companies and government regulators monitor and analyze safety and
compliance information after the launch of a drug. It also provides
software solutions to manage clinical trials, among other services.
Private equity firm Nordic Capital owns approximately 95% of the
company as the result of a mid-2019 leveraged buyout. GAAP revenues
for the fiscal year ended December 31, 2022, were $137 million.

The principal methodology used in these ratings was Software
published in June 2022.


ARK LABORATORY: Committee Taps Taft Stettinius as Counsel
---------------------------------------------------------
The official committee of unsecured creditors of Ark Laboratory,
LLC received approval from the U.S. Bankruptcy Court for the
Eastern District of Michigan to employ Taft Stettinius & Hollster,
LLP as counsel.

The firm's services include:

     a. representing the committee in its consultation with the
Debtor regarding the administration of its Chapter 11 case;

     b. assisting the committee in analyzing the Debtor's assets
and liabilities, investigating the extent and validity of liens and
participating in and reviewing any proposed asset sales, asset
dispositions, financial arrangements and cash collateral
stipulations or proceedings;

     c. assisting the committee in any manner relevant to reviewing
and determining the Debtor's rights and obligations under leases
and other executory contracts;

     d. assisting the committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtor, the
Debtor's operations and the desirability of the continuance of any
portion of those operations, and any other matters relevant to this
case or to the formulation of a Chapter 11 plan;

     e. advising the committee in its participation in the
negotiation, formulation, and drafting of a plan of liquidation or
reorganization;

     f. advising the committee regarding its powers or duties under
the Bankruptcy Code and the Bankruptcy Rules;

     g. assisting the committee in the evaluation of claims and on
any litigation matters, including avoidance actions and claims
against directors, officers and any other party; and

     h. other necessary services.

The firm will be paid at these rates:

     Partner           $475 to $785 per hour
     Associates        $435 to $435 per hour
     Of Counsel        $370 to $550 per hour
     Senior Counsel    $370 to $550 per hour
     Paralegal         $240 per hour

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

Judith Greenstone Miller, Esq., a partner at Taft Stettinius &
Hollister, disclosed in a court filing that her firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm can be reached at:

     Judith Greenstone Miller, Esq.
     Taft Stettinius & Hollister, LLP
     27777 Franklin Road, Suite 2500,
     Southfield, MI 48034
     Tel: (248) 351-3000
     Email: jgmiller@taftlaw.com

                   About Ark Laboratory

Ark Laboratory, LLC owns and operates a medical laboratory in
Waterford, Mich.  

Ark Laboratory sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 23-43403) on April 12,
2023. In the petition signed by its principal, James Grossi, the
Debtor disclosed up to $50 million in both assets and liabilities.

Judge Maria L. Oxholm oversees the case.

The Debtor tapped Robert N. Bassel, Esq., a practicing attorney in
Clinton, Mich., as bankruptcy counsel; and O'Keefe & Associates
Consulting, LLC as financial advisor.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtor's Chapter
11 case. The committee is represented by Taft Stettinius &
Hollister, LLP.


ASTRO AB MERGER: Franklin BSP Marks $8.1M Loan at 24% Off
---------------------------------------------------------
Franklin BSP Lending Corp has marked its $8,162,000 loan extended
to Astro AB Merger Sub, Inc to market at $6,183,000 or 76% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Astro AB Merger Sub, Inc. The loan accrues interest at a
rate of 12.83% (L +8%) per annum. The loan matures on April 30,
2025.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Astro AB Merger Sub, Inc is the Financial Industry.



ATH SPORTS: Kevin Lam Named Subchapter V Trustee
------------------------------------------------
Tiffany Carroll, Acting U.S. Trustee for Region 15, appointed Kevin
Lam as Subchapter V trustee for ATH Sports Nutrition, LLC.

Mr. Lam will be paid an hourly fee of $300 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Lam declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Kevin Lam
     P.O. Box 283086
     Honolulu, Hawaii 96828
     Email: kevin.lam.jd@gmail.com
     Phone: (808) 798-1234

                          About ATH Sports

ATH Sports Nutrition, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. D. Hawaii Case No.
23-00362) on May 15, 2023, with $1 million to $10 million in both
assets and liabilities. Judge Robert J. Faris oversees the case.

The Debtor is represented by Allison A. Ito, Esq., at Choi & Ito.


ATH SPORTS: Seeks to Hire Choi & Ito as Local Counsel
-----------------------------------------------------
ATH Sports Nutrition, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Hawaii to employ Choi & Ito as local
bankruptcy counsel.

The firm will advise the Debtor regarding its obligations and
duties under the Bankruptcy Code, Bankruptcy Rules and other
applicable guidelines and laws.

The hourly rates of the firm's attorneys are as follows:

     Chuck C. Choi    $450
     Allison A. Ito   $300

Prior to the petition date, the firm received $14,987 from the
Debtor for pre-bankruptcy services.

The firm is holding a retainer balance of $5,735.69 as of the
petition date.

Allison Ito, Esq., a partner at Choi & Ito, disclosed in a court
filing that the firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
   
     Chuck C. Choi, Esq.
     Allison A. Ito, Esq.
     Choi & Ito
     700 Bishop Street, Suite 1107
     Honolulu, HI 96813
     Telephone: (808) 533-1877
     Facsimile: (808) 566-6900
     Email: cchoi@hibklaw.com
            aito@hibklaw.com

                    About ATH Sports Nutrition

ATH Sports Nutrition LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 23-00362) on May
15, 2023. In the petition signed by Stuart Kanaloa Kam, member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Robert J. Faris oversees the case.

Pashman Stein Walder Hayden, PC and Choi & Ito serve as the
Debtor's bankruptcy counsels.


ATH SPORTS: Taps Pashman Stein Walder Hayden as Lead Counsel
------------------------------------------------------------
ATH Sports Nutrition, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Hawaii to employ Pashman Stein Walder
Hayden, PC as bankruptcy counsel.

The firm will render these services:

     (a) perform all necessary services as the Debtor's lead
bankruptcy counsel;

     (b) take all necessary actions to protect and preserve the
Debtor's estate during this Chapter 11 case;

     (c) prepare or coordinate preparation on behalf of the Debtor
any necessary legal papers in connection with the administration of
this Chapter 11 case;

     (d) counsel the Debtor with regard to its rights and
obligations;

     (e) coordinate with the Debtor's other professionals in
connection with this case; and

     (f) perform all other necessary or requested legal services.

The hourly rates of the firm's attorneys are as follows:

     Joseph C. Barsalona II, Partner   $505
     Richard C. Solow, Associate       $405
     Leslie Salcedo, Paralegal         $320

The firm agreed with the Debtor to apply a 15 percent discount to
its standard rates in this Chapter 11 case.

The firm will also seek reimbursement for reasonable and necessary
expenses incurred.

Mr. Barsalona disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:
   
     Joseph C. Barsalona II, Esq.
     Richard C. Solow, Esq.
     Pashman Stein Walder Hayden, P.C.
     1007 North Orange Street, 4th Floor, Suite 183
     Wilmington, DE 19801
     Telephone: (302) 592-6496
     Email: jbarsalona@pashmanstein.com
            rsolow@pashmanstein.com

                    About ATH Sports Nutrition

ATH Sports Nutrition LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Hawaii Case No. 23-00362) on May
15, 2023. In the petition signed by Stuart Kanaloa Kam, member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Robert J. Faris oversees the case.

Pashman Stein Walder Hayden, PC and Choi & Ito serve as the
Debtor's bankruptcy counsels.


ATHENEX INC: Hopes to Get Bids in Chapter 11 Bankruptcy
-------------------------------------------------------
Jonathan Randles of Bloomberg Law reports that Athenex Inc., a
developer of cancer therapies financially backed by Oaktree Capital
Management LP, will attempt to sell all or parts of its business in
Chapter 11 by the end of June, a company lawyer said late Tuesday,
May 16, 2023.

Athenex marketed its business before filing Chapter 11 on May 14,
2023 but hasn't been able to attract buyers for its various
business lines, company bankruptcy lawyer Richard Pachulski said
during a court hearing.

Pachulski said Athenex and its advisers hope Chapter 11 will entice
bids because potential buyers will be able to acquire business
assets without risk of assuming liabilities.

                       About Athenex Inc.

Founded in 2003, Athenex, Inc. (NASDAQ: ATNX) --
http://www.athenex.com/-- is a clinical-stage biopharmaceutical
company dedicated to becoming a leader in the discovery,
development, and commercialization of next-generation cell therapy
products for the treatment of cancer.  The Company's mission is to
become a leader in bringing innovative cancer treatments to the
market and to improve patient health outcomes.  In pursuit of this
mission, Athenex leverages years of experience in research and
development, clinical trials, regulatory standards, and
manufacturing.  The Company is focused on its innovative Cell
Therapy platform, based on natural killer T ("NKT") cells.

On May 14, 2023, Athenex, Inc. and five affiliated companies
initiated voluntary Chapter 11 proceedings (Bankr. S.D. Tex. Lead
Case No. 23-90295).  The Company's cases have been assigned to the
Honorable David R. Jones.

Athenex commenced these proceedings after conducting a strategic
review and reaching an agreement with its lenders to conduct an
expedited, orderly sales process of the Company's assets across its
primary businesses: Athenex Pharmaceutical Division ("APD"),
Orascovery, and Cell Therapy.

In the petition filed by Nicholas K. Campbell, as chief
restructuring officer, the Debtor reported assets and liabilities
between $100 million and $500 million.

Pachulski Stang Ziehl & Jones LLP is acting as Athenex's legal
counsel.  MERU is serving as its financial advisor, and Cassel
Salpeter & Co., LLC as its investment banker.  Epiq is the claims
agent.


ATLAS PURCHASER: $250M Bank Debt Trades at 50% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Atlas Purchaser Inc
is a borrower were trading in the secondary market around 50.1
cents-on-the-dollar during the week ended Friday, May 26, 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 8: Taps Wright Ponsoldt and Lozeau as Special Counsel
-------------------------------------------------------------------
AUBSP Ownerco 8, LLC and AUBSP Ownerco 9, LLC seek approval from
the U.S. Bankruptcy Court for the Southern District of Florida to
employ Wright, Ponsoldt and Lozeau Trial Attorneys, LLP as their
special counsel.

The firm will represent the Debtors in the cause of action styled
RA2 Bishop LLC, RA2 Boise Fairview LLC, RA2 Boise Overland LLC, et
al, Plaintiff/Petitioners vs. Michael Katz, Matthew Kertz, Genova
Burns, LLC et al, Defendant/Respondents. The case seeks damages for
fraud, conspiracy, and other tortious acts of the defendants.

The firm will be paid at these hourly rates:

     Tim Wright               $550
     Paul Parton              $415
     Other Professionals   $175 - $275

Tim Wright, Esq., a partner at Wright, Parton and Lozeau, disclosed
in a court filing that his firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Tim Wright, Esq.
     Wright, Ponsoldt, & Lozeau Trial Attorneys, LLP
     1002 SE Monterey Commons Blvd., Suite 100
     Stuart, FL 34996
     Phone: 772-286-5566

                        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 Cross & Simon, LLC and Dorsey &
Whitney, LLP as special counsels.


BADGER FINANCE: $268M Bank Debt Trades at 31% Discount
------------------------------------------------------
Participations in a syndicated loan under which Badger Finance LLC
is a borrower were trading in the secondary market around 68.8
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $268.7 million facility is a Term loan that is scheduled to
mature on September 28, 2024.  About $255.9 million of the loan is
withdrawn and outstanding.

Based in Little Chute, Wisconsin, Badger Finance, LLC is an
intermediate holding company of Trilliant Food and Nutrition, LLC.
Horseshoe Beverage Company, LLC, and affiliated companies. The
company is a U.S. manufacturer of private label and value branded
beverage products, mainly single serve coffee pods. The company's
branded coffee products are primarily sold under its Victor Allen
brand. Badger also expanded into ready-to-drink (RTD) coffee
beverages through its Horseshoe Beverages subsidiary. Badger is
sponsored by private equity firm Blackstone Group, which acquired
the company in 2017 and holds a majority equity interest in the
company.



BANYAN CAY: Keen-Summit to Auction West Palm Property on June 13
----------------------------------------------------------------
Keen-Summit Capital Partners LLC has been retained, under a Federal
Bankruptcy Court Order, as the exclusive real estate advisor to
market and run the competitive sale of Banyan Cay Golf & Resort, a
250-acre luxury resort property in West Palm Beach that includes a
nearly-completed 150-room Hyatt-branded boutique hotel; a 130-acre
golf course designed by golf legend Jack Nicklaus; and development
sites approved for 179 condo units, and 22 villas plus additional
development land.

The property's current developers, owners, and operators Banyan Cay
Resort & Golf LLC, filed for Chapter 11 reorganization in West Palm
Beach in March of 2023 (Case No. 23-12386).  At present, the golf
course -- which has been open since 2017 -- has approximately 200
members, and the hotel is nearly completed.

According to Matthew Bordwin, Principal/Co-President of Keen-Summit
Capital Partners LLC, several offers were received and stalking
horse contracts selected for all of the debtors' properties.  "It
is not surprising as this is an exceptional opportunity in an
extremely hot market," he said of the South Florida property, which
is located at a go-to vacation destination that exploded in recent
years.  "Its location within 5 miles of Palm Beach International
Airport and East of I-95 make this an irreplaceable opportunity,"
continued Mr. Bordwin.

Joe Pack of Pack Law, counsel to Banyan Cay advised "The debtors
believe that a sale of the assets represents the best path to
maximize value for all stakeholders."  In conjunction with the work
done by Keen-Summit initially, Pack filed with the bankruptcy court
a stalking horse contract for $102,100,000, which sets a baseline
for an overbid marketing process.  "That contract and the bid
procedures have been filed with the court but are subject to final
court approval.  Assuming all goes according to plan, we expect to
have a robust overbid auction in June," said Mr. Bordwin.

According to various reports, development interest in the West Palm
Beach region advanced significantly with a record 1.9 million
square feet under construction at the end of 2022.  "With new
funding combined with the restructuring, and with the region
well-positioned for growth in 2023, we're anticipating a truly
active sales process of this luxury property," Mr. Bordwin said.

Banyan Cay Resort & Golf features:

a) Main Building (95+/- complete)
   
   -- ACCOMMODATIONS: 150 keys (75 King Rooms, 4 King ADA Rooms,
                      3 King Suites / 61 Double Rooms, 5 Double
ADA,
                      2 Double Suites)

   -- FOOD & BEVERAGE: Signature Restaurant, Waterside Bar &
                       Restaurant, Café/Grab and Go, and Club
                       Room

   -- MEETING SPACE: Two Ballrooms, Meeting Rooms, Board Room,
                     Pre-Function and Private Dining

   -- SPA, FITNESS & POOLS: Full-Service Spa, Fitness Building
                            and 3 Outdoor Pools

b) A Jack Nicklaus signature 18-hole golf course with 20 ft
elevations,
   water features, sod-wall bunkers, and a clubhouse, opened in
2017

c) Proximity to Palm Beach International Airport and Worth Avenue
a
   shopping mecca (both about 10 minutes away)

Banyan Cay isn't the first mega property auction for Keen-Summit.
Last month, they successfully auctioned off the WC Braker portfolio
in Austin, Texas, for over $102 million, 36% over asking price --
in 63 days from list to closing.  In 2020, during the height of the
Covid pandemic, they secured the sale of L'Ermitage Beverly Hills
Hotel for $100 million.

The auction is currently set to take place on June 13, 2023, with a
bid deadline of June 8, 2023.  For further information, please
visit https://www.BanyanCay-BankruptcySale.com and contact the
following at Keen-Summit Capital Partners LLC: Matthew Bordwin at
646-381-9202; Harold Bordwin at 646-381-9201; Chris Mahoney, at
646-381-9205; or Heather Milazzo at 646-381-9207.

                   About Banyan Cay Resort & Golf

Banyan Cay Resort & Golf, LLC, and affiliates operate resorts and
golf clubs. The Debtor sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-12386) on March
29, 2023.  In the petition signed by Gerard A. McHale, McHale,
P.A., proposed chief restructuring officer, the Debtor disclosed up
to $500 million in both assets and liabilities.

Judge Mindy A. Mora oversees the case.

Gerard McHale of McHale, PA serves as CRO and CEO of the Debtors.
Joseph A. Pack, Esq., at Pack Law, represents the Debtor as legal
counsel.  Keen-Summit Capital Partners LLC serves as marketing
agent and broker for the Debtors.


BBB TANK: MSC Fund Marks $1M Loan at 48% Off
--------------------------------------------
MSC Income Fund, Inc has marked its $1,000,000 loan extended to BBB
Tank Services LLC to market at $522,000 or 52% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in MSC Fund's Form 10-Q for the Quarterly Period ended March 31,
2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to BBB Tank
Services LLC. The loan accrues interest at a rate of 15.66% (L
+11%) per annum. The loan was scheduled to mature April 8, 2021.
According to the Fund, the maturity date is under on-going
negotiations with the portfolio company and other lenders.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

BBB Tank Services is an above-ground storage tank company in Texas.




BEAR HAVEN: Seeks to Hire Finestone Hayes as Local Counsel
----------------------------------------------------------
Bear Haven, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to employ Finestone Hayes, LLP
as its local bankruptcy counsel.

The firm will render these services:

     (a) advise and represent the Debtor as local counsel as to all
matters and proceedings within this bankruptcy case, other than
those particular areas that may be assigned to special counsel;
and

     (b) assist, advise, and represent the Debtor in the
performance of all of its duties and powers under the Bankruptcy
Code, Bankruptcy Rules, and applicable local rules, and in the
performance of such other services as are in the interests of the
estate.

The hourly rates of the firm's counsel and staff are as follows:

     Partners                 $610
     Other Attorneys   $400 - $600

In addition, the firm will seek reimbursement for expenses
incurred.

The firm received a retainer of $20,000 from the Debtor's
principal, Peter Palmer.

Kimberly Fineman, Esq., a partner at Finestone Hayes, disclosed in
a court filing that the firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kimberly S. Fineman, Esq.
     Finestone Hayes, LLP
     456 Montgomery Street, 20th Floor
     San Francisco, CA 94104
     Telephone: (415) 209-5027
     Facsimile: (415) 398-2820
     Email: kfineman@fhlawllp.com

                         About Bear Haven

Bear Haven LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Cal. Case No.
23-40526) on May 8, 2023. In the petition signed by its managing
member, Peter Palmer, the Debtor listed $6,819,255 in total assets
and $3,691,299 in total liabilities.

The Debtor tapped the Law Office of Mark J. Giunta as bankruptcy
counsel and Finestone Hayes, LLP as local bankruptcy counsel.


BEAR HAVEN: Seeks to Tap Mark J. Giunta as Bankruptcy Counsel
-------------------------------------------------------------
Bear Haven, LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to employ the Law Office of
Mark J. Giunta to handle its Chapter 11 case.

The hourly rates of the firm's counsel and staff are as follows:

     Mark J. Giunta     $525
     Senior Associate   $350
     Associate          $275
     Legal Assistant    $125

In addition, the firm will seek reimbursement for expenses
incurred.

The firm received a retainer of $50,000 from the Debtor's
principal, Peter Palmer, on April 25, 2023.

Mark Giunta, Esq., disclosed in a court filing that his firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Mark J. Giunta, Esq.
     Liz Nguyen, Esq.
     Law Office of Mark J. Giunta
     531 East Thomas Road, Suite 200
     Phoenix, AZ 85012
     Telephone: (602) 307-0837
     Facsimile: (602) 307-0838
     Email: markgiunta@giuntalaw.com
            liz@giuntalaw.com
    
                         About Bear Haven

Bear Haven, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Calif. Case No.
23-40526) on May 8, 2023. In the petition signed by its managing
member, Peter Palmer, the Debtor listed $6,819,255 in total assets
and $3,691,299 in total liabilities.

The Debtor tapped the Law Office of Mark J. Giunta as bankruptcy
counsel and Finestone Hayes, LLP as local bankruptcy counsel.


BELK INC: $300M Bank Debt Trades at 15% Discount
------------------------------------------------
Participations in a syndicated loan under which Belk Inc is a
borrower were trading in the secondary market around 84.8
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $300 million facility is a Term loan that is scheduled to
mature on July 31, 2025.  The amount is fully drawn and
outstanding.

Belk, Inc. is an American department store chain founded in 1888 by
William Henry Belk in Monroe, North Carolina, with nearly 300
locations in 16 states. Belk stores and Belk.com offer apparel,
shoes, accessories, cosmetics, home furnishings, and wedding
registry.



BIGHORN RESTAURANTS: Taps A&G Realty Partners as Estate Advisor
---------------------------------------------------------------
Bighorn Restaurants, LLC and its affiliates seek approval from the
U.S. Bankruptcy Court for the District of Colorado to employ A&G
Realty Partners as real estate advisor.

The firm will render these services:

     (a) assist the Debtors with real estate strategy;

     (b) consult with the Debtors to discuss their goals,
objectives, and financial parameters in relation to their leases;

     (c) provide ongoing advice and guidance related to individual
financial and non-financial lease restructuring opportunities;

     (d) negotiate with landlords and other third parties on behalf
of the Debtors;

     (e) negotiate with landlords to obtain lease modifications
acceptable to the Debtors;

     (f) negotiate with landlords to obtain early termination
rights;

     (g) market some or all of the leases;

     (h) if requested by the Debtors, negotiate with landlords to
assist in obtaining landlord consents acceptable to the Debtors in
their sole discretion; and

     (i) provide regular update reports to the Debtors regarding
the status of the services.

The firm will be compensated as follows:

     (a) a security retainer in the amount of $40,000;

     (b) a fee in the amount of the greater of 5 percent of the
occupancy cost savings and $7,500 per lease;

     (c) a fee in the amount of $750 per non-monetary lease;

     (d) a fee of 3/4 of one month's gross occupancy cost per lease
for each early termination right; and

     (e) a fee in the amount of $500 per lease for each landlord
consent obtained.

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

Joseph McKeska, principal at A&G Realty Partners, disclosed in a
court filing that his firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Joseph McKeska
     A&G Realty Partners
     2803 Butterfield Road, Suite 300
     Oak Brook, IL 60523
     Telephone: (630) 366-2304
     Email: jmckeska@agrep.com

                     About Bighorn Restaurants

Bighorn Restaurants, LLC and affiliates constitute one of the
largest current franchisees of Hardee's restaurants. They
currently operate 108 restaurants, which 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. Lead Case
No. 23-11919) on May 4, 2023. In the petition signed by its chief
executive officer, Dewey R. Brown, Bighorn Restaurants disclosed $1
million to $10 million in assets and $10 million to $50 million in
liabilities.

Judge Michael E. Romero oversees the cases.

The Debtors tapped Markus Williams Young & Hunsicker, LLC as
bankruptcy counsel; Hutchinson Black and Cook, LLC as their special
counsel; MorrisAnderson & Associates, Ltd. as financial advisor;
Brookwood Associates, LLC as investment banker; and A&G Realty
Partners as real estate advisor. BMC Group, Inc. is the Debtors'
noticing agent.

Cadence Bank, as lender, is represented by Frank W. DeBorde, Esq.,
and Lisa Wolgast, Esq., at Morris, Manning & Martin, LLP.


BIRDIELU LLC: Hires Lefkovitz & Lefkovitz PLLC as Counsel
---------------------------------------------------------
Birdielu, LLC seeks approval from the U.S. Bankruptcy Court for the
Middle District of Tennessee to employ Lefkovitz & Lefkovitz, PLLC
as its bankruptcy counsel.

The firm's services include:

     a. advising the Debtor as to its rights, duties and powers;

     b. preparing and filing statements and schedules, Chapter 11
plans and other documents;

     c. representing the Debtor at hearings, meetings of creditors,
conferences, trials, and any other proceedings; and

     d. performing other necessary legal services in connection
with the Debtor's Chapter 11 case.

The firm will be paid at these rates:

     Steven L. Leftkovitz   $555 per hour
     Associates             $350 per hour
     Paralegals             $125 per hour

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

The retainer is $7,500.

Steven Leftkovitz, Esq., a partner at Lefkovitz & Lefkovitz,
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:

     Steven L. Lefkovitz, Esq.
     Lefkovitz & Lefkovitz, PLLC
     908 Harpeth Valley Place
     Nashville, TN 37221
     Tel: (615) 256-8300
     Fax: (615) 255-4516
     Email: slefkovitz@lefkovitz.com

                        About Birdielu LLC

Birdielu, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 23-01672) on May 11,
2023. In the petition signed by Jill M. Martin, owner, the Debtor
disclosed up to $50,000 in assets and up to $500,000 in
liabilities.

Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz, represents the
Debtor as legal counsel.


BISON LAND: Robert Byrd Named Subchapter V Trustee
--------------------------------------------------
David Asbach, Acting U.S. Trustee for Region 5, appointed Robert
Byrd, Esq., at Byrd & Wiser, as Subchapter V trustee for Bison Land
& Minerals, LLC.

Mr. Byrd will be paid an hourly fee of $275 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Byrd declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Robert A. Byrd
     Byrd & Wiser
     P.O. Drawer 1939
     Biloxi, MS 39533
     Phone: (228) 432-8123
     Fax: (228) 432-7029
     Email: rab@byrdwiser.com

                          About Bison Land

Bison Land & Minerals, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 23-
01140) on May 15, 2023, with $1 million to $10 million in both
assets and liabilities. Judge Jamie A. Wilson oversees the case.

The Debtor is represented by Craig M. Geno, Esq., at the Law
Offices of Craig M. Geno, PLLC.


BOXED INC: Committee Taps Alvarez & Marsal as Financial Advisor
---------------------------------------------------------------
The official committee of unsecured creditors of Boxed, Inc. and
its affiliates seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to employ Alvarez & Marsal North America,
LLC as its financial advisor.

The firm will render these services:

     (a) assist in the assessment and monitoring of cash flow
budgets, liquidity and operating results;

     (b) assist in the review of Court disclosures, including the
Schedules of Assets and Liabilities, the Statements of Financial
Affairs, Monthly Operating Reports, and Periodic Reports;

     (c) assist in the review of the Debtors' cost/benefit
evaluations with respect to the assumption or rejection of
executory contracts and/or unexpired leases;

     (d) assist in the analysis of any assets and liabilities and
any proposed transactions for which Court approval is sought;

     (e) attend meetings with the Debtors, the Debtors' lenders and
creditors, the Committee and any other official committees
organized in these chapter 11 cases, the U.S. Trustee, other
parties in interest, and professionals hired by the same, as
requested;

     (f) assist in the review of any tax issues;

     (g) assist in the investigation and pursuit of causes of
actions;

     (h) assist in the review of the claims reconciliation and
estimation process;

     (i) assist in the review of the sales or dispositions of the
Debtors' assets;

     (j) assist in the review and/or preparation of information and
analysis necessary for the confirmation of a plan in these chapter
11 cases; and

     (k) render such other general business consulting or such
other assistance as the Committee or its counsel may deem
necessary.

The firm will be paid at these rates:

     Managing Directors      $1,025 to $1,375 per hour
     Directors               $775 to $975 per hour
     Associates              $575 to $775  per hour
     Analysts/Associates     $425 to $550 per hour

Richard Newman, managing director at Alvarez & Marsal, 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:

     Richard Newman
     Alvarez & Marsal North America, LLC
     540 West Madison Street, Suite 1800
     Chicago, IL  60661
     Tel: +1 312 288 4056
     Email: rnewman@alvarezandmarsal.com

                          About Boxed Inc.

Boxed, Inc. (OTCMKTS: BOXDQ) -- http://www.boxed.com/-- is an
e-commerce retailer and an e-commerce enabler in New York. It
operates an e-commerce retail service that provides bulk pantry
consumables to businesses and household customers, without the
requirement of a "big-box" store membership. This service is
powered by the company's own purpose-built storefront, marketplace,
analytics, fulfillment, advertising, and robotics technologies.
Boxed further enables e-commerce through its Software & Services
business, which offers customers in need of an enterprise-level
e-commerce platform access to its end-to-end technology.

Boxed and four affiliates sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10397) on
April 2, 2023. In the petition signed by its chief executive
officer, Chieh Huang, Boxed disclosed $100 million to $500 million
in both assets and liabilities.

Judge Brendan Linehan Shannon presides over the cases.

The Debtors tapped Freshfields Bruckhaus Deringer US, LLP and
Potter Anderson & Corroon, LLP as legal counsels; FTI Consulting,
Inc. as financial advisor; and Solomon Parners, L.P. as investment
banker. Epiq Corporate Restructuring, 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' Chapter
11 cases. Fox Rothschild, LLP and Alvarez & Marsal North America,
LLC serve as the committee's legal counsel and financial advisor,
respectively.


BRICKCHURCH ENTERPRISES: Bay Point Proposes Liquidating Plan
------------------------------------------------------------
Bay Point Capital Partners II, LP, filed a Plan of Liquidation for
Brickchurch Enterprises, Inc., under Chapter 11 of the Bankruptcy
Code.

The Plan provides for the orderly liquidation of the assets of the
Debtor through a sale in accordance with section 363 of the
Bankruptcy Code (the "Sale"), following a marketed sale process for
the Debtor's real property and improvements located at 366 Gin
Lane, Southampton, New York (Block 01.00; Lot 017.014) (the "366
Gin Property").  Proceeds generated from the Sale will be
distributed to Creditors of the Debtor's estate holding Allowed
Claims in the order of priority established by the Bankruptcy Code;
provided, however, if there are insufficient sale proceeds to
satisfy allowed administrative and priority claims, Bay Point will
advance funds to cover such insufficiency.

Any Successful Purchaser, or its nominee, shall take title to the
Property, free and clear of all Liens, Claims and encumbrances,
other than permitted encumbrances accepted by the Successful
Purchaser.

The Debtor is the owner of a luxury residential estate (the
"Debtor's Beachfront Estate" or "Property") located at 366 Gin
Lane, Southampton, New York, 11968.

Adjacent to the Debtor's Beachfront Estate is another luxury estate
located at 376 Gin Lane in Southampton (the "Adjacent Estate"). The
Adjacent Estate is owned by non-debtor Aberdeen Enterprises, Inc.
Both entities are owned by a company located in the British Virgin
Islands.

On October 21, 2022, the Debtor filed a motion (the "Refinancing
Motion") seeking authorization from the Court to refinance the
outstanding original amount owed to JGB pursuant to a settlement
agreement reached between the Debtor and JGB. Payment to JGB was to
be financed through a post-petition debtor-in-possession loan (the
"DIP Loan") from Bay Point, pursuant to a certain Loan and Security
Agreement (the "DIP Loan Agreement").

On Nov. 15, 2022, the Court entered its Order Granting Debtor's
Motion for Order Authorizing Payment of the Undisputed Secured
Claim Amount Asserted by Debtors Prepetition Secured Lender (the
"Payout Order") authorizing the payment of $44.5 million to JGB
upon the closing of the DIP Loan.  On Nov. 16, 2022, the Court
entered its Order (I) Authorizing Debtor to Obtain Post-Petition
Secured Financing Pursuant to 11 U.S.C. Secs. 105, 361, 362 and
364, and (II) Granting Liens and Super-Priority Claims (the "DIP
Financing Order"), pursuant to which it, among other things, (i)
authorized the Debtor to obtain the DIP Loan, in the amount of $62
million, from Bay Point under the terms of the DIP Loan Agreement
with the proceeds of the DIP Loan to be used for, among other
things, the payment of $44.5 million to JGB, a payment to Morgan
Stanley as consideration for its agreement to forbear from
exercising its rights as a first lienholder against the Aberdeen
property, payment of certain mechanics liens, interest reserves,
and payment of related fees and expenses; (ii) authorized an
assignment by JGB, without recourse, of all of its loan documents,
its state court judgment against the Debtor, and its proofs of
claim to Bay Point as DIP Lender (collectively, the "Assignment");
(iii) granted Bay Point superpriority administrative claims and
first priority senior liens with respect to DIP Collateral (as
defined in the DIP Loan Agreement) in accordance with sections
364(c)(2), (c)(3) and (d) of the Bankruptcy Code; (iv) authorized
the Debtor to borrow under the DIP Loan Agreement for the purposes
of effectuating the Payout Order; and (v) provided additional time
for the Debtor to market its property to maximize the estate's
recovery with respect thereto.  On Dec. 12, 2022, the Debtor filed
a Notice confirming both the closing of the DIP Loan and that the
terms and conditions of the Payout Order had been satisfied.

On Jan. 23, 2023, the Debtor filed a letter with the Court
confirming that (i) the remaining DIP Loan proceeds, following the
payment to JGB, were sufficient to pay all allowed claims of the
Debtor's other prepetition creditors and certain administrative
expenses in the Debtor's case; (ii) the Debtor intended to file an
amended chapter 11 plan of reorganization that would provide for
the sale of the Debtor's property and/or the refinancing of the DIP
Loan, and would pay all prepetition claims of creditors and
administrative expenses in full; and (iii) the Debtor intended to
use the sale and/or refinancing proceeds to pay the claims of Bay
Point in full on the maturity date of the DIP Loan.

On Feb. 20, 2023, the Debtor filed a second letter apprising the
Court of its ongoing efforts to formulate a consensual Plan with
Bay Point, as well as confirming both the Debtor's and Bay Point's
agreement to schedule a hearing on April 19, 2023 for approval of
the Debtor's Disclosure Statement and confirmation of the Debtor's
Plan (the "Combined Hearing"). In connection with the Combined
Hearing, the Debtor also indicated that it would file by March 21,
2023 an amended plan and disclosure statement that "pays all
allowed claims of creditors in full". Unfortunately, such
discussions between the Debtor and Bay Point were ultimately not
successful and a consensual plan has not been agreed upon by the
parties, leading Bay Point to file this Disclosure Statement and
Plan for the consideration of both creditors and the Court.

Under the Plan, Class 2 Unsecured Claims total $10,000,000.
Unsecured Claims consist of Claims held by Louise Blouin and
Claims, if any, arising from the rejection of Executory Contracts.
In full and final satisfaction of Unsecured Claims, the holder of
each Claim, to the extent allowed, shall share Pro Rata in the
remaining balance of the Net Sale Proceeds realized from the sale
of the Brickchurch Property after payment in full of Bankruptcy
Fees, the DIP Obligations, the Bay Point Exit Advances,
Administrative Claims, Post-Petition Administrative Tax Claims,
Other Priority Claims, Priority Tax Claims, and Professional Fee
Claims. Class 2 is unimpaired.

                     Bay Point Exit Advances

The Plan shall be implemented through the Bay Point Exit Advances
and the Sale Transaction referenced below. The Disbursing Agent
shall use Net Sale Proceeds to make all of the payments required to
be made under the Plan, in the order of priority specified in the
Plan. In the event, and to the extent, there are insufficient Net
Sale Proceeds to make payments required to be made on the
Distribution Date, Bay Point shall on the Effective Date make Bay
Point Exit Advances in such amounts as may be required to (A) fund
the Estimated Professional Fee Reserve as provided in Section 2.3
of the Plan; (B) pay Allowed Post-Petition Administrative Tax
Claims, as provided in Section 2.4 of the Plan; (C) pay Allowed
Administrative Claims, other than (i) Professional Fee Claims, (ii)
Post-Petition Administrative Tax Claims, and (iii) the DIP
Obligations and Bay Point Exit Advances, as provided in Section 2.5
of the Plan; (D) pay Allowed Priority Tax Claims, if any, as
provided in Section 2.6 of the Plan; (E) pay Allowed Other Priority
Claims in Class 1, if any, as provided in Section 4.1 of the Plan;
(F) fund the Disputed Claims Reserve for each Disputed Claim in
clauses (B) through (E) above; and (G) pay Bankruptcy Fees and fund
the Bankruptcy Fees Reserve.

The Bay Point Exit Advances shall be secured by a first priority
senior Lien on all of the Brickchurch Property, equal in priority
to the Lien securing the DIP Obligations. Bay Point shall have a
superpriority administrative expense claim for all Bay Point Exit
Advances made pursuant to the Plan, with equal priority to the
superpriority administrative expense claim granted to Bay Point
under the DIP Financing Order. The Bay Point Exit Advances shall
bear interest at the rate provided in the DIP Financing Order.

                     The Sale Transaction

The Plan Proponent shall implement the Sale Transaction pursuant to
sections 363 and 1123(a)(5)(D) of the Bankruptcy Code. Within 10
days following the Confirmation Date, the Plan Proponent shall
serve upon all creditors and other parties in interest identified
on the matrix maintained by the Bankruptcy Court for notice
purposes, the Bid Procedures to be followed in connection with the
Sale Transaction, including (i) the procedures to be followed in
the determination of qualified bidders, (ii) the selection of a
stalking horse bidder, (iii) the timeline for receiving bids and
scheduling a public auction, (iv) the recognition of Bay Point's
right to credit bid, and (v) the scheduling of a hearing to approve
the Sale Transaction. A copy of the Bid Procedures to be followed
in connection with the Sale Transaction will be included in a Plan
Supplement filed with the Court and served upon all creditors and
other parties in interest prior to the hearing on confirmation of
the Plan. The Brickchurch Property shall be sold to the Successful
Purchaser, pursuant to sections 363(f), 1123(a)(5)(D), and 1141(c)
of the Bankruptcy Code free and clear of all Liens (except
permitted encumbrances as determined by the Successful Purchaser),
with any such Liens, Claims and encumbrances to attach to the Net
Sale Proceeds. The Brickchurch Property will be sold "AS IS,"
"WHERE IS," "WITH ALL FAULTS," without any representations,
covenants, guarantees or warranties of any kind or nature
whatsoever and subject to, among other things,: (i) any state of
facts that an accurate survey may show; (ii) any covenants,
restrictions and easements of record; (iii) any state of facts a
physical inspection may show; (iv) any building or zoning
ordinances or other applicable municipal regulations and violations
thereof; and (v) environmental conditions, including, without
limitation, the Brickchurch Property's compliance (or lack of
compliance) with environmental laws (and the presence or absence of
underground fuel storage tanks, any hazardous materials or asbestos
anywhere on the Brickchurch Property, if any).

The Bid Procedures shall recognize Bay Point's right under section
363(k) of the Bankruptcy Code to credit bid any amount up to the
outstanding amounts of the DIP Obligations and the Bay Point Exit
Advances.

The Net Sale Proceeds realized from the Sale Transaction shall be
distributed to the holders of Allowed Administrative Claims,
Allowed Claims and Interests in the following order:

   (a) First, to pay Bankruptcy Fees;

   (b) Second, to Bay Point in partial or full satisfaction of the
outstanding amounts of the DIP Obligations and the Bay Point Exit
Advances;

   (c) Third, any Net Sale Proceeds remaining after the payments
required to be made pursuant to clauses (a) and (b) above shall, to
the extent not paid from proceeds of the Bay Point Exit Advances,
be used to (i) fund the Estimated Professional Fee Reserve, (ii)
pay Allowed Post- Petition Administrative Tax Claims, (iii) pay
Allowed Administrative Claims, other than Professional Fee Claims,
Post-Petition Administrative Tax Claims, the DIP Obligations and
Bay
Point Exit Advances, (iv) pay Allowed Priority Tax Claims; (v) pay
Allowed Other Priority Claims, (vi) fund the Disputed Claims
Reserve for each Disputed Claim in clauses (c)(ii) through (c)(v)
above, and (vii) fund the Bankruptcy Fees Reserve);

   (d) Fourth, any Net Sale Proceeds remaining after the payments
required to be made pursuant to clauses (a), (b), and (c) above,
shall be used to (i) pay each holder of an Allowed Unsecured Claim
its Pro Rata share of the Net Sale Proceeds available to satisfy
all Unsecured Claims, and (ii) fund the Disputed Claims Reserve in
an aggregate amount equal to the Pro Rata share of Net Sale
Proceeds that each holder of a Disputed Claim would be entitled to
receive if its Claim was allowed; and

   (e) Fifth, any Net Sale Proceeds remaining after the payments
required to be made pursuant to clauses (a), (b), (c), and (d)
above, shall be paid to the holders of Interests in the Debtor.

For the avoidance of doubt, to the extent there are insufficient
Net Sale Proceeds to make the payments required to be made pursuant
to clause (c) of Section 6.5 of the Plan, Bay Point shall make Bay
Point Exit Advances to satisfy any insufficiency.

Counsel for Bay Point Capital Partners II, LP:

     John C. Allerding, Esq.
     THOMPSON HINE LLP
     3900 Key Center, 127 Public Square
     Cleveland, OH 44114
     Tel: (216) 566-5500
     Fax: (216) 566-5800
     E-mail: John.Allerding@ThompsonHine.com

A copy of the Disclosure Statement dated May 17, 2023, is available
at bit.ly/3o9URuy from PacerMonitor.com.

                  About Brickchurch Enterprises

Brickchurch Enterprises Inc. is the fee simple owner of a
residential single-family guest house, which is part of a four-acre
residential ocean-front estate property compound. The property,
which is located at 366 Gin Lane Southampton, N.Y., has an
appraised value of $63 million.

Brickchurch sought Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 22-70914) on May 1, 2022, with $50 million to
$100 million in both assets and liabilities. Louise Blouin,
Brickchurch director, signed the petition.

Judge Alan S. Trust oversees the case.

Craig D. Robins, Esq., at the Law Offices of Craig D. Robins and
Duane Morris, LLP serve as the Debtor's bankruptcy counsel and
special litigation counsel, respectively.


BUCA C LLC: MSC Fund Marks $11.4M Loan at 30% Off
-------------------------------------------------
MSC Income Fund, Inc has marked its $11,490,000 loan extended to
Buca C, LLC to market at $8,095,000 or 70% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in MSC Fund's Form 10-Q for the Quarterly Period ended March 31,
2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Buca C, LLC.
The loan accrues interest at a rate of 12% per annum. The loan
matures on June 30, 2023.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Buca C, LLC owns and operates a restaurant. The Company serves
customers in the State of Florida.


CAZOO GROUP: In Talks With Bondholders on Restructuring
-------------------------------------------------------
Cazoo Group Ltd (NYSE: CZOO), the UK's leading independent online
car retailer, said May 22, 2023, that it is in discussions with a
group of holders of its $630 million 2.00% Convertible Senior Notes
due 2027 on a potential debt restructuring.

The Company said in a statement that it continues to explore
possible strategic transactions to drive scale and accelerate its
path to profitability and is in discussions with a majority of the
holders of its Convertible Notes on a potential debt restructuring
with a view to ensuring a more robust capital structure going
forward, including a reduction in debt, the issuance of additional
equity and a lower aggregate interest cost per annum. Unless the
Company and noteholders reach an agreement in principle or as
otherwise required by law, the Company does not intend to provide
any updates on these discussions. Given the early stage of this
engagement, there is no assurance that any such discussions will
progress or result in any of the foregoing and, if so, the terms of
any agreement.

Paul Whitehead, Chief Executive Officer of Cazoo, commented, "I am
very pleased with our performance so far in the second quarter
2023.  In April, we achieved our highest ever level of Retail GPU,
ahead of the record result delivered in March, giving us confidence
in our ability to maintain sustainable Retail GPU improvement
through the remainder of the year and beyond. In Q2 2023, we expect
Retail GPU to exceed GBP1,200, a significant further increase on
the record level of GBP980 achieved in Q1 2023 (up 20+% QoQ) and up
from GBP309 in Q2 2022 (up 280+% YoY).

                         About Cazoo Group

Cazoo Group -- www.cazoo.co.uk -- makes buying and selling a car as
simple as ordering any other product online, where consumers can
simply and seamlessly buy, sell or finance a car entirely online
for delivery or collection in as little as 72 hours.  Its mission
is to transform the car buying and selling experience across the UK
by providing better selection, value, transparency, convenience and
peace of mind. Cazoo was founded in 2018 by serial entrepreneur
Alex Chesterman OBE and is a publicly traded company (NYSE: CZOO).


COMMERCEHUB INC: Franklin BSP Marks $12.3M Loan at 15% Off
----------------------------------------------------------
Franklin BSP Lending Corp has marked its $12,360,000 loan extended
to CommerceHub, Inc to market at $10,506,000 or 85% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to CommerceHub, Inc. The loan accrues interest at a rate of
11.78% (S +7%) per annum. The loan matures on December 29, 2028.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

CommerceHub, Inc. provides cloud-based technologies and services.
The Company operates a cloud-based e-commerce fulfillment and
marketing software platform of integrated supply, demand, and
delivery solutions for large retailers, online marketplaces, and
digital marketing channels, as well as consumer brands,
manufacturers, distributors, and other market participants.



CORE SCIENTIFIC: Improves Financial Performance Since Chapter 11
----------------------------------------------------------------
Jonathan Randles of Bloomberg Law reports that cryptocurrency miner
Core Scientific Inc. said its financial performance has improved
significantly since it filed Chapter 11 late last 2022 — boosted
by lower energy costs and higher Bitcoin prices — and is
currently targeting a September exit from bankruptcy.

Core Scientific lawyer Ronit Berkovich said in a hearing Monday,
May 22, 2023, the company is pitching its lenders' advisers on an
updated business plan that reflects better liquidity and higher
Bitcoin prices. The company anticipates submitting a bankruptcy
exit plan by the middle of June 2023.

                    About Core Scientific

Core Scientific, Inc. (OTCMKTS: CORZQ) is the largest U.S.
publicly-traded Bitcoin mining company in computing power.  Core
Scientific, which was formed following a business combination in
July 2021 with blank check company XPDI, is a large-scale operator
of dedicated, purpose-built facilities for digital asset mining
colocation services and a provider of blockchain infrastructure,
software solutions and services.  Core mines Bitcoin, Ethereum and
other digital assets for third-party hosting customers and for its
own account at its six fully operational data centers in North
Carolina (2), Georgia (2), North Dakota (1) and Kentucky (1).  Core
was formed following a business combination in July 2021 with XPDI,
a blank check company.

In July 2022, one of the Company's largest customers, Celsius
Mining LLC, filed for Chapter 11 bankruptcy in New York.  With low
Bitcoin prices depressing mining revenue to a record low, Core
Scientific first warned in October 2022 that it may have to file
for bankruptcy if the company can't find more funding to repay its
debt that amounts to over $1 billion. Core Scientific did not make
payments that came due in late October and early November 2022 with
respect to several of its equipment and other financings, including
its two bridge promissory notes.

Core Scientific and its affiliates filed petitions for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead Case No.
22-90341) on Dec. 21, 2022. As of Sept. 30, 2022, Core Scientific
had total assets of US$1.4 billion and total liabilities of US$1.3
billion.

Judge David R. Jones oversees the cases.

The Debtors hired Weil, Gotshal & Manges, LLP as legal counsel; PJT
Partners, LP as investment banker; and AlixPartners, LLP as
financial advisor.  Stretto is the claims agent.

A group of Core Scientific convertible bondholders is working with
restructuring lawyers at Paul Hastings. Meanwhile, B. Riley
Commercial Capital, LLC, as administrative agent under the
Replacement DIP facility, is represented by Choate, Hall & Stewart,
LLP.

On Jan. 9, 2023, the U.S. Trustee for Region 7 appointed an
official committee to represent unsecured creditors in the Debtors'
Chapter 11 cases.  The committee tapped Willkie Farr & Gallagher,
LLP as legal counsel and Ducera Partners, LLC as investment
banker.

The U.S. Trustee for Region 7 appointed an official committee of
equity security holders. The equity committee is represented by
Vinson & Elkins, LLP.


CORELOGIC INC: Franklin BSP Marks $10.8M Loan at 26% Off
--------------------------------------------------------
Franklin BSP Lending Corp has marked its $10,808,000 loan extended
to CoreLogic, Inc to market at $7,950,000 or 74% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in Franklin BSP's Form 10-Q for the Quarterly Period ended March
31, 2023, filed with the Securities and Exchange Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to CoreLogic, Inc. The loan accrues interest at a rate of
11.38% (L +6.50%) per annum. The loan matures on June 4, 2029.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

CoreLogic, Inc. and T-VIII Celestial Co-Invest LP provide
information, insight, analytics, software and other outsourced
services primarily to the mortgage, real estate and insurance
sectors.


CORNER BAKERY: Private Investor Submits $12-Mi. Lead Bid
--------------------------------------------------------
Julie Littman of Restaurant Dive reports that Corbak Acquisition,
an affiliate of Wexford Capital, submitted a stalking horse bid to
purchase Corner Bakery out of bankruptcy for $12 million, according
to court filings.

An auction for the restaurant company is expected to occur next
week, according to Bloomberg Law. If another bidder emerges and
ends up purchasing the company, Wexford will receive a $750,000
breakup fee.

Corner Bakery originally filed for Chapter 11 bankruptcy
protections in February 2023.

Court documents show that BBQ Holdings CEO Jeff Crivello, one of
the buyer's representatives, previously engaged with Jay Pandya to
possibly operate the restaurant in connection with a
reorganization. Pandya owns Corner Bakery's parent company, Pandya
Restaurant Growth Brands.

The two originally discussed Crivello helping the company raise
capital as part of the reorganization or a settlement with SSCP,
which holds Corner Bakery's debt Crivello also previously discussed
with SSCP the possibility of becoming the restaurant's chief
restructuring officer. However, no agreements were reached, and
Pandya and Crivello terminated the agreement on May 1, 2023.

As CEO of BBQ Holdings, Crivello oversaw MTY Food Group's
acquisition of the company last year for $200 million. Prior to its
buyout, BBQ Holdings went on a buying spree, purchasing Village Inn
and Bakers Square, Tahoe Joe's, Granite City and Barrio Queen.

Pandya Restaurant Growth Bands previously purchased Corner Bakery
in 2020 from Roark Capital. The new owner's resources were expected
to help Corner Bakery continue to operate during the difficult
economic conditions following the start of the pandemic. While
sales rose 54% in 2021 to reach $237 million, they were still well
below the chain’s 2019 sales of $362 million.

                     About CBC Restaurant

CBC Restaurant Corp. and its affiliates operate and franchise
quick-casual eateries under the name Corner Bakery Cafe.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10245) on Feb. 22,
2023. In the petition signed by its chief executive officer and
chief operating officer, Jignesh Pandya, CBC Restaurant disclosed
$10 million to $50 million in both assets and liabilities.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Mette H. Kurth, Esq., at Culhane Meadows PLLC as
legal counsel and Hilco Trading LLC d/b/a Hilco Global as financial
advisor and investment banker. Kurtzman Carson Consultants, LLC, is
the Debtors' administrative advisor and claims agent.

On March 20, 2023, Andrew Vara, Acting U.S. Trustee for Regions 3
and 9, appointed an official committee of unsecured creditors in
these Chapter 11 cases. The committee appointed Tucker Ellis, LLP
as lead bankruptcy counsel; Potter Anderson & Corroon, LLP as local
counsel; and Berkeley Research Group, LLC as financial advisor.


COVENANT SURGICAL: $100M Bank Debt Trades at 20% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Covenant Surgical
Partners Inc is a borrower were trading in the secondary market
around 79.7 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $100 million facility is a Term loan that is scheduled to
mature on July 1, 2027.  The amount is fully drawn and
outstanding.

Covenant Surgical Partners, Inc. is an owner and operator of
freestanding ambulatory surgery centers.



CREATIVE INVESTORS: Taps Armando Alfonso as Special Counsel
-----------------------------------------------------------
Creative Investors, Inc., received approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire
Armando Alfonso, Esq., a practicing attorney in Coral Gables, Fla.,
as its special counsel.

The Debtor requires legal assistance in state cases involving its
major creditor Santibanez (Cases 2009-63788-CA-01 and 20-14996-CA
01).

Mr. Alfonso disclosed in a court filing that he and his firm, A.R.A
Law, do not represent any interest adverse to the Debtor and its
estate.

Mr. Alfonso holds office at:

     Armando R. Alfonso, Esq.
     A.R.A Law
     255 Aragon Ave.
     Coral Gables, FL 33134
     Tel: (305) 775-0063
     Fax: (786) 641-8752
     Email:armandoalfonsoesq@gmail.com

                     About Creative Investors
  
Creative Investors, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-10171) on Jan. 10,
2023, with $500,001 to $1 million in assets and $100,001 to
$500,000 in liabilities.  Judge Laurel M. Isicoff oversees the
case.

Joel M. Aresty, P.A. and Armando R. Alfonso, Esq., at A.R.A Law
serve as the Debtor's bankruptcy counsel and special counsel,
respectively.


DATACOM LLC: MSC Fund Marks $951,000 Loan at 91% Off
----------------------------------------------------
MSC Income Fund, Inc has marked its $951,000 loan extended to
Datacom LLC to market at $86,000 or 9% of the outstanding amount,
as of March 31, 2023, according to a disclosure contained in MSC
Fund's Form 10-Q for the Quarterly Period ended March 31, 2023,
filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Datacom LLC,
Inc. The loan accrues interest at a rate of 10% per annum. The loan
matures on December 31, 2025.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Datacom, L.L.C. offers communications, physical security, and
process optimization solutions specifically designed for mission
critical operations in remote and harsh environments. Datacom
focuses on operators in the oil and gas, maritime, and utility
industries in the United States.


DAVID'S BRIDAL: Seeks to Hire Cole Schotz as Bankruptcy Counsel
---------------------------------------------------------------
David's Bridal, Inc. and its affiliates seek authority from the
U.S. Bankruptcy Court for the District of Delaware to employ Cole
Schotz P.C. as co-counsel with Debevoise & Plimpton, LLP.

The firm's services include:

     (a) advising the Debtors with respect to day-to-day ordinary
course operations and transactions;

     (b) addressing day to day ordinary course litigation issues,
including, but not limited to, responding to demands, threats,
civil subpoenas, claims, and lawsuits;

     (c) advising the Debtors with respect to executory contract
and lease issues including assumption and rejection thereof;

     (d) advising the Debtors as to vendor and landlord issues;

     (e) advising the Debtors on employee related matters;

     (f) advising the Debtors with respect to their consulting
agreement and liquidation of inventory;

     (g) preparing, with the assistance of Omni Agent Solutions,
the Debtors' schedules of assets and liabilities and statements of
financial affairs;

     (h) drafting and filing motions, applications, schedules,
lists, and other papers or documents required in connection with
the chapter 11 cases; and

     (i) responding to creditor and party-in-interest inquiries
directed to Cole Schotz.

The firm will be paid at these rates:

     Members               $480 to $1,200 per hour
     Special Counsel       $575 to $730 per hour
     Associates            $325 to $570 per hour
     Paralegals            $245 to $410 per hour

As of the Petition Date, Cole Schotz was holding a retainer in the
amount of $600,027.36.

The firm also provided the following in response to the request for
additional information set forth in Paragraph D.1. of the U.S.
Trustee Guidelines:

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

  Response: Cole Schotz has not agreed to a variation of its
standard or customary billing arrangements for this engagement.

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

  Response: None of Cole Schotz's professionals included in this
engagement have varied their rate based on the geographic location
of this Chapter 11 case.

  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 post-petition, explain the
difference and the reasons for the difference?

  Response: Cole Schotz represented the Debtors for approximately
six weeks prior to the Petition Date. During that time, Cole Schotz
did not raise its billing rates. The material financial terms for
the prepetition engagement remain the same as those disclosed in
the Application, as that engagement was undertaken on an hourly-fee
basis.

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

  Response: Cole Schotz shared its budgets and staffing plan with
the Debtors and will file its budgets and staffing plans in
connection with any and all applications for interim and final
compensation they file these Chapter 11 Cases.

Michael Sirota, Esq., a partner at Cole Schotz, disclosed in a
court filing that the firm is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael D. Sirota, Esq.
     Felice R. Yudkin, Esq.
     Rebecca W. Hollander, Esq.
     COLE SCHOTZ P.C.
     Court Plaza North
     25 Main Street
     P.O. Box 800
     Hackensack, NJ 07602-0800
     Phone: (201) 489-3000
     Email: (201) 489-1536
     Email: msirota@coleschotz.com
     Email: fyudkin@coleschotz.com
     Email: rhollander@coleschotz.com
  
                       About David's Bridal

David's Bridal -- http://www.davidsbridal.com/-- is an
international bridal retailer and the largest U.S. destination for
bridal gowns, wedding-related apparel, social occasion apparel,
accessories and services. For over 60 years, the Company has
remained the most iconic bridal destination, with approximately
one-third of brides in the United States wearing a David's Bridal
gown. The Company operated 311 stores, including 296 stores in 49
states in the United States, eleven stores in Canada, and four
stores in the United Kingdom. Additionally, there are two
franchised stores in Mexico.

On Nov. 19, 2018, David's Bridal, Inc., and its three affiliates
sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
18-12635).

The Honorable Laurie Selber Silverstein is the case judge.

The Debtors tapped Debevoise & Plimpton LLP and Cole Schotz P.C. as
bankruptcy counsels; Young Conaway Stargatt & Taylor, LLP as local
counsel; Evercore, LLC as financial advisor; and AlixPartners, LLP
as restructuring advisor. Donlin Recano is the claims agent.


DAWN ACQUISITIONS: $550M Bank Debt Trades at 42% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Dawn Acquisitions
LLC is a borrower were trading in the secondary market around 58.3
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $550 million facility is a Term loan that is scheduled to
mature on December 31, 2025.  The amount is fully drawn and
outstanding.

Dawn Acquisitions LLC, doing business as Evoque Data Center
Solutions, provides digital infrastructure and data center
solutions. The Company offers multi-generational infrastructure,
colocation, connectivity, build-to-suit, and cloud engineering
solutions.



DECURTIS HOLDINGS: Seeks to Hire Groombridge as Special Counsel
---------------------------------------------------------------
Decurtis Holdings, LLC and affiliates seek approval from the U.S.
Bankruptcy Court for the District of Delaware to hire Groombridge,
Wu, Baughman & Stone, LLP as their special counsel.

The firm will render these services:

     a. act as intellectual property special counsel to advise the
Debtors with respect to any issues that may arise during the case,
including with respect to the DXP technology, IP contracts and
other assets relating to the operation of the DXP, and any related
litigation in this Court related to such intellectual property
issues (including any adversary proceedings filed in this Court);

     b. act as special counsel to represent the Debtors in these
Chapter 11 Cases, as directed by the Debtors;

     c. prepare and file the necessary preparation and filing of
certain briefs and other legal papers in these Chapter 11 Cases at
the direction of the Debtors; and

     d. perform other legal services for the Debtors in these
Chapter 11 Cases that may be necessary and proper in connection
with the litigation matters discussed herein in these Chapter 11
Cases.

The firm's hourly rates are:

     Partner              $1650 to $2025
     Counsel              $1280 to $1525
     Associates           $735 to $1280
     Paraprofessionals    $135 to $435

As disclosed in the court filings, Groombridge does not hold or
represent any interest adverse to the Debtors' bankruptcy estate.

The firm can be reached through:

     Nicholas Groombridge, Esq.
     Groombridge, Wu, Baughman & Stone LLP
     565 Fifth Avenue, Suite 2900
     New York, NY 10017
     Tel:  +1 332-269-0030
     Fax: +1 332-262-5334
     Email: nick.groombridge@groombridgewu.com

                       About Decurtis Holdings

DeCurtis Holdings LLC and affiliates provide guest experience and
operational management product-focused SaaS software solutions
designed to power any indoor, complex environment.  DeCurtis is the
industry leader in transformational experience technology focused
on the cruise line industry, and DeCurtis makes software systems
used for providing guests a seamless experience with cruise ship
facilities through the use of wireless sensing technologies. Beyond
the cruise line industry, DeCurtis's products and services are also
applicable to restaurants, theme parks, and the extended
hospitality industry, with the potential to expand into healthcare
and other settings.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10548) on April
30, 2023. In the petition signed by Joseph J. Carino, chief
financial officer, the Debtor disclosed up to $50 million in assets
and up to $100 million in liabilities.

Judge Kate Stickles oversees the case.

Potter Anderson and Corroon LLP and Cooley LLP represent the Debtor
as legal counsel.

The Debtors tapped Groombrige, Wu, Baughman & Stone LLP as special
counsel, Province, LLC as financial advisor, and Omni Agent
Solutions as claims, noticing, and administrative agent.


DIAMOND SPORTS: $635M Bank Debt Trades at 23% Discount
------------------------------------------------------
Participations in a syndicated loan under which Diamond Sports
Group LLC is a borrower were trading in the secondary market around
77.2 cents-on-the-dollar during the week ended Friday, May 26,
2023, according to Bloomberg's Evaluated Pricing service data.

The $635 million facility is a Term loan that is scheduled to
mature on May 25, 2026.  About $630.2 million of the loan is
withdrawn and outstanding.

Diamond Sports Group, LLC operates as a sports marketing company.
The Company offers seminars, combine, speed and agility
assessments, recruiting tools, and online training sessions for
sports including football, baseball, soccer, and basketball.



DIAMOND SPORTS: MLB Commissioner to Testify in Chapter 11 TV Row
----------------------------------------------------------------
Vince Sullivan of Law360 reports that the commissioner of Major
League Baseball is set to offer live testimony in a hearing over
television broadcast contract obligations by the bankrupt operator
of the Bally Sports regional sports networks, which is arguing the
deals come at too high a price for the value the company realizes
from broadcasting the games.

                    About Diamond Sports Group

Diamond Sports Group, LLC operates as a sports marketing company.
It offers seminars, combine, speed and agility assessments,
recruiting tools, and online training sessions for sports including
football, baseball, soccer, and basketball.  Diamon Sports is an
unconsolidated and independently run subsidiary of Sinclair
Broadcast Group,

Diamond Sports Group and 29 of its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case
No. 23-90116) on March 14, 2023.  Diamond said it plans to
restructure its balance sheet while continuing to broadcast local
games on its portfolio of 19 networks under the Bally Sports brand
across the U.S.

In the petition filed by David F. DeVoe, Jr., as chief financial
officer and chief operating officer, Diamond Sports Group listed $1
billion to $10 billion in both assets and liabilities.

Judge Christopher M. Lopez oversees the cases.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison, LLP
and Porter Hedges, LLP as bankruptcy counsels; Wilmer Cutler
Pickering Hale and Dorr, LLP as special corporate and litigation
counsel; AlixPartners, LLP as financial advisor; Moelis & Company,
LLC and LionTree Advisors, LLC as investment bankers; Deloitte Tax,
LLP as tax advisor; Deloitte Financial Advisory Services, LLP as
accountant; and Deloitte Consulting, LLP as consultant. Kroll
Restructuring Administration, LLC is the claims agent.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
The committee tapped Akin Gump Strauss Hauer & Feld LLP as counsel;
FTI Consulting, Inc. as financial advisor; and Houlihan Lokey
Capital, Inc. as investment banker.


DIEBOLD NIXDORF: $626M Bank Debt Trades at 62% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Diebold Nixdorf Inc
is a borrower were trading in the secondary market around 37.6
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $626 million facility is a Term loan that is scheduled to
mature on July 15, 2025.  About $529.5 million of the loan is
withdrawn and outstanding.

Diebold Nixdorf, Incorporated provides automatic teller machines,
financial, and point of sale.


DIV005 LLC: Plan Confirmation Hearing on May 30
-----------------------------------------------
Judge James R. Sacca entered an order approving the Disclosure
Statement of DIV005 LLC and Metal Benders USA LLC.

A hearing to consider confirmation of the Plan and the Motion to
Substantively Consolidate will be held in Courtroom 1404, U.S.
Courthouse, 75 Ted Turner Drive, Atlanta, Georgia 30303 at 9:30
A.M. on the 30th day of May, 2023, which may be attended in person
or via the Court's Virtual Hearing Room.

The deadline for filing written objections to the Plan and the
Motion to Substantively Consolidate will be May 26, 2023 with the
Clerk, and a copy must be served on counsel for the Debtor, so that
is it received by counsel for the Debtor by 11:59:59 PM on the 26th
day of May, 2023.

The deadline for casting ballots to accept or reject the Plan will
be May 26, 2023.

Attorney for the Debtors:

     Cameron M. McCord, Esq.
     JONES & WALDEN LLC
     699 Piedmont Ave. 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: $130M Bank Debt Trades at 29% Discount
--------------------------------------------------
Participations in a syndicated loan under which Dodge Data &
Analytics LLC is a borrower were trading in the secondary market
around 70.8 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $130 million facility is a Term loan that is scheduled to
mature on February 23, 2030.  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.



DTC CABOOSE: Francis Brennan Named Subchapter V Trustee
-------------------------------------------------------
The U.S. Trustee for Region 2 appointed Francis Brennan, Esq., at
Nolan Heller Kauffman, LLP, as Subchapter V trustee for DTC
Caboose, Inc.

Mr. Brennan will be paid an hourly fee of $425 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Brennan declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Francis Brennan, Esq.
     Nolan Heller Kauffman, LLP
     80 State Street – 11th Floor
     Albany NY 12207
     Phone: 518-432-3159
     Email: fbrennan@nhkllp.com

                         About DTC Caboose

DTC Caboose, Inc. is a New York State corporation formed on March
17, 2004.

DTC Caboose filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D.N.Y. Case No. 23-60330) on May 11,
2023, with as much as $50,000 in assets and $100,001 to $500,000 in
liabilities. Judge Robert E. Littlefield, Jr. oversees the case.

The Debtor is represented by Maxsen D. Champion, Esq.


E-B DISPLAY: Seeks to Hire Manchester RBG as Financial Advisor
--------------------------------------------------------------
E-B Display Co. Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire
Manchester RBG as their financial advisor.

The firm's services include:

     (a) counseling the Debtors on their financial obligations and
duties;

     (b) facilitate and assist the Debtors in the administration of
the Debtors' bankruptcy proceedings, as necessary;

     (c) ensure day-to-day mechanics of the Debtors' business;

     (e) preparing and evaluating required reporting for the
Debtors, the court and other related parties;

     (f) working with the Debtors' other professionals to maximize
the value of the Debtors' asset through a sale of substantially all
of the assets; and

    (g) taking other actions to protect the rights of the Debtors'
estates.

Manchester RBG will charge these hourly fees:

     Director/Associate Director       $95 - $125
     Manager                           $75 - $95
     Senior Associate/Senior Advisor   $55 - $75
     Associate/Advisor                 $35 - $75

The firm received a retainer in the amount of $17,000.

As disclosed in court filings, Manchester RBG is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert J. Zab
     Manchester RBG
     6060 Rockside Woods Blvd N, #317
     Independence, OH 44131
     Phone: +1 216-302-4769
     Email: Robert.zab@manchesterrbg.com

                     About E-B Display Company

E-B Display Company, Inc. develops and manufactures custom displays
and fixtures for retail customers, including by carrying out all
graphic design, engineering, prototyping, manufacturing, and
printing necessary to create such custom displays and fixtures.

E-B Display operates in two locations situated in Massillon, Ohio.
The real property upon where E-B Display operates its business is
owned by Rotolo Industries, Inc. and the locations are operated and
managed by E-B Display.

On May 12, 2023, E-B Display and three affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Lead
Case No. 23-60565). At the time of the filing, E-B Display reported
as much as $10 million in both assets and liabilities. Michael S.
Rotolo, president of E-B Display, signed the petition.

Judge Tiiara NA Patton oversees the cases.

The Debtors tapped Christopher Peer, Esq., at Wickens Herzer Panza
Co. as legal counsel; Manchester RBG as financial advisor; and
Signet Capital Advisors, LLC as investment banker.


E-B DISPLAY: Seeks to Hire Wickens Herzer Panza as Legal Counsel
----------------------------------------------------------------
E-B Display Co. Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Wickens
Herzer Panza Co. as their bankruptcy counsel.

The firm's services include:

     (a) counseling the Debtors on its obligations and duties;

     (b) executing the Debtors' decisions by filing with the court
motions, objections and other relevant documents, as necessary;

     (c) appearing before the court;

     (d) assisting the Debtors in the administration of their
Chapter 11 cases;

     (e) assisting the Debtors in negotiating with their creditors,
including secured creditors;

     (f) representing the Debtors in any transactions involving
some or all of the Debtors' asset; and

     (g) taking other necessary actions to protect the rights of
the Debtors' estates.

Wickens will be paid at these rates:

     Director             $315 to 495 per hour
     Associate Attorney   $200 to 375 per hour
    Paralegals            $150 to 195 per hour

The firm received retainers in the total amount of $85,000.

As disclosed in court filings, Wickens is a "disinterested person"
pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Christopher W. Peer, Esq.
     Matthew N. Danese, Esq.
     Wickens Herzer Panza Co.
     35765 Chester Road
     Avon, OH 44011-1262
     Phone: (440) 695-8000
     Fax: (440) 695-8098
     Email CPeer@WickensLaw.com
           MDanese@WickensLaw.com

                     About E-B Display Company

E-B Display Company, Inc. develops and manufactures custom displays
and fixtures for retail customers, including by carrying out all
graphic design, engineering, prototyping, manufacturing, and
printing necessary to create such custom displays and fixtures.

E-B Display operates in two locations situated in Massillon, Ohio.
The real property upon where E-B Display operates its business is
owned by Rotolo Industries, Inc. and the locations are operated and
managed by E-B Display.

On May 12, 2023, E-B Display and three affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Lead
Case No. 23-60565). At the time of the filing, E-B Display reported
as much as $10 million in both assets and liabilities. Michael S.
Rotolo, president of E-B Display, signed the petition.

Judge Tiiara NA Patton oversees the cases.

The Debtors tapped Christopher Peer, Esq., at Wickens Herzer Panza
Co. as legal counsel; Manchester RBG as financial advisor; and
Signet Capital Advisors, LLC as investment banker.


E-B DISPLAY: Taps Signet Capital Advisors as Investment Banker
--------------------------------------------------------------
E-B Display Co. Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Signet
Capital Advisors, LLC.

The Debtors require an investment banker to:

     (a) assist in analyzing and evaluating the businesses,
operations, growth opportunities and financial position of the
Debtors, including the consideration of various strategic sale
alternatives and the relative implications of pursuing such
alternatives;

     (b) assist the Debtors in the preparation and implementation
of a marketing plan with respect to the proposed sale;

     (c) facilitate and assist the Debtors in the administration of
their Chapter 11 bankruptcy proceedings, as necessary;

     (d) post-petition advising on restructuring and sale; and

     (e) take other actions to protect the rights of the Debtors'
estates.

The Debtors agreed to pay the firm at closing a success fee equal
to the greater of $200,000 or 3 percent of total enterprise value
paid in the sale or combination of sales.

Signet received a $10,000 retainer from the Debtors, which remains
unapplied as of the petition date.

As disclosed in court filings, Signet is a "disinterested person"
pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael Salgat
     Signet Capital Advisors LLC
     200 Public Square, Suite 3270
     Cleveland, Ohio 44114
     Tel: 216-658-2590

                     About E-B Display Company

E-B Display Company, Inc. develops and manufactures custom displays
and fixtures for retail customers, including by carrying out all
graphic design, engineering, prototyping, manufacturing, and
printing necessary to create such custom displays and fixtures.

E-B Display operates in two locations situated in Massillon, Ohio.
The real property upon where E-B Display operates its business is
owned by Rotolo Industries, Inc. and the locations are operated and
managed by E-B Display.

On May 12, 2023, E-B Display and three affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Lead
Case No. 23-60565). At the time of the filing, E-B Display reported
as much as $10 million in both assets and liabilities. Michael S.
Rotolo, president of E-B Display, signed the petition.

Judge Tiiara NA Patton oversees the cases.

The Debtors tapped Christopher Peer, Esq., at Wickens Herzer Panza
Co. as legal counsel; Manchester RBG as financial advisor; and
Signet Capital Advisors, LLC as investment banker.


E.R. BAKEY: Neema Varghese Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 11 appointed Neema Varghese of NV
Consulting Services as Subchapter V trustee for E.R. Bakey, Inc.

Ms. Varghese will be paid an hourly fee of $400 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Ms. Varghese declared that she is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Neema T. Varghese
     NV Consulting Services
     701 Potomac, Ste. 100
     Naperville, IL 60565
     Tel: (630) 697-4402
     Email: nvarghese@nvconsultingservices.com

                         About E.R. Bakey

E.R. Bakey, Inc. is a subcontractor involved in material hauling
for road projects involving the Illinois toll way system.

E.R. Bakey filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-06297) on May 12,
2023, with up to $50,000 in assets and up to $1 million in
liabilities. Eric Bakey, president of E.R. Bakey, signed the
petition.

Richard G. Larsen, Esq., at SpringerLarsenGreene, LLC, represents
the Debtor as legal counsel.


EFS PARLIN: Taps Burr & Forman as Legal Counsel
-----------------------------------------------
EFS Parlin Holdings, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to employ Burr & Forman, LLP as
its legal counsel.

The Debtor requires legal counsel to:

     a. prepare legal papers in connection with the administration
of the Debtor's estate;

     b. advise the Debtor with respect to its powers and duties in
the continued management and operation of its business and assets;

     c. attend meetings and negotiate with representatives of
creditors and other parties involved in the Debtor's Chapter 11
case, and advise and consult on the conduct of the case, including
all of the legal and administrative requirements of operating in
Chapter 11;

     d. represent the Debtor in actions to protect and preserve the
Debtor's estate, including the prosecution of actions on its
behalf, the defense of any actions commenced against the estate,
negotiations concerning all litigation in which the Debtor may be
involved, and objections to claims filed against the estate;

     e. represent the Debtor in connection with the negotiation and
preparation of a Chapter 11 plan and all related documents;

     f. appear before the bankruptcy court, appellate courts and
the Office of the U.S. Trustee;

     g. perform all other necessary legal services.

The firm will be paid at these rates:

     Partners     $720 to $755 per hour
     Associates   $385 per hour
     Paralegals   $315 per hour

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

The firm received a retainer in the amount of $200,000.

J. Cory Falgowski, Esq., a partner at Burr & Forman, disclosed in a
court filing that the firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     J. Cory Falgowski, Esq.
     Burr & Forman, LLP
     222 Delaware Avenue, Suite 1030
     Wilmington DE 19801
     Tel: (302) 830-2312
     Email: jfalgowski@burr.com

                     About EFS Parlin Holdings

EFS Parlin Holdings, LLC is in the business of electric power
generation, transmission, and distribution. The company is based in
Norwalk, Conn.

EFS Parlin Holdings filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. D. Del. Case No. 23-10539) on April
28, 2023. In the petition signed by its authorized representative,
Michael Whitworth, the Debtor disclosed $9,424,029 in assets and
$12,594,508 in liabilities.

Judge John T. Dorsey oversees the case.

J. Cory Falgowski, Esq., at Burr Forman, LLP is the Debtor's
counsel.


ELEVATE TEXTILES: Reaches Deal for Out-of-Court Restructuring
-------------------------------------------------------------
Elevate Textiles, the fabric maker owned by Platinum Equity,
reached an out-of-court restructuring deal in which its lenders
will take control.

Elevate Textiles, Inc., announced May 23, 2023, that it has
finalized terms of a recapitalization transaction that strengthens
its balance sheet and enables Elevate to reinvest in its global
operations to support the longevity of the business.  With the
support of all key financial stakeholders, Elevate's financial
foundation will be better aligned with its operational strengths
and success of its brands as an industry leader for high-quality
textiles.

Elevate will be owned by a consortium of leading global investment
firms, who will soon appoint a new Board of Directors.

The recapitalization will infuse $100 million of new capital into
the business, eliminate $394 million of existing debt from the
balance sheet, extend the Company's debt maturities until 2027,
including the existing ABL facility, and execute the change in
ownership. While there is no anticipated impact on the Company's
global operations, these actions strengthen the Company's capital
structure and position Elevate to increase investments in its
people, operations and critical growth initiatives for long-term
success.

"We are pleased with the outcome of this recapitalization process
which provides an improved balance sheet and reduced leverage to
align with the strength and capabilities of our business and
brands.  We appreciate the support of our financial stakeholders
who have demonstrated their confidence in Elevate, our business
plan, and our future," said Sim Skinner, President and Chief
Executive Officer of Elevate. "We look forward to directing our
focus on delivering the high-quality service and premium products
our customers have come to trust and depend on."

Representatives from Elevate's new shareholders collectively added,
"Elevate's leadership team, skilled employees, high-quality
products, and loyal customers make us confident that the Company
will have continued success. We are excited to be part of the
Company's future and look forward to supporting and partnering with
Elevate as an industry leader for years to come."

Alexander Gladstone of The Wall Street Journal reports that the
restructuring deal reduces the company's debt load to $384 million
from $778 million.  That leaves Platinum with a 2% stake in the
restructured company and creditors taking the rest, a person
familiar with the matter said.

Elevate Textiles is being advised by the law firm Milbank, while
first-lien lenders have engaged Gibson, Dunn & Crutcher.

                     About Elevate Textiles

Elevate Textiles, Inc., offers distinguished global textile brands
including American & Efird, Burlington, Cone Denim, Gütermann and
Safety Components. With a global array of premium fabric and thread
solutions focused on innovation, sustainability, and quality
craftsmanship, Elevate and its portfolio brands provide products
that surround us every day and in all facets of life. On the Web:
http://www.elevatetextiles.com/


EMERALD X INC: Term Loan Extension No Impact on Moody's 'B2' CFR
----------------------------------------------------------------
Moody's Investors Service says that Emerald X, Inc.'s proposal to
amend and extend its first lien term loan is credit positive and it
does not affect the company's B2 corporate family rating, B2 senior
secured credit facility rating or its stable outlook. The leverage
neutral proposal is credit positive since it seeks a two-year
maturity extension of the company's $415 million first lien term
loan which would have a new maturity date of May 2026.

Emerald X, Inc. (fka Emerald Expositions Holding, Inc.),
headquartered in New York City, New York, is a leading operator of
business-to-business events and trade shows. The company operates
trade shows in several industry sectors (Commerce, Design, Creative
& Technology, and Other). Funds managed by Onex and its affiliates
owned a majority of the company (which includes common stock
issuable upon conversion of preferred stock) as of March 31, 2023,
and Emerald is considered a controlled company as defined by the
New York Stock Exchange. The company generated approximately $350
million in revenue for the March 31, 2023 LTM period.



EMERGENT BIOSOLUTIONS: Moody's Affirms 'B3' CFR, Outlook Negative
-----------------------------------------------------------------
Moody's Investors Service affirmed certain ratings of Emergent
BioSolutions Inc. including the B3 corporate family rating, the
B3-PD probability of default rating, and the Caa2 senior unsecured
rating. At the same time, Moody's upgraded Emergent's speculative
grade liquidity (SGL) rating to SGL-3 from SGL-4. The outlook
remains negative.

The upgrade of the SGL to SGL-3 reflects adequate liquidity, an
improvement from the company's previously weak liquidity stemming
from approaching debt maturities. A recent amendment to Emergent's
credit facility has extended the term loan maturity and revolving
credit facility expiration from October 2023 to May 2025. Moody's
believes that cash on hand, operating cash flow and revolver
availability will be sufficient to fund cash obligations over the
next 12 months while remaining compliant with financial covenants.

The affirmation of the B3 CFR as well as the negative outlook
incorporate ongoing operating challenges as Emergent tries to
restore profitability in its CDMO business while facing volatility
in government ordering patterns in its products business.

Affirmations:

Issuer: Emergent BioSolutions Inc.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Unsecured Global Notes, Affirmed Caa2

Upgrades:

Issuer: Emergent BioSolutions Inc.

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

Outlook Actions:

Issuer: Emergent BioSolutions Inc.

Outlook, Remains Negative

RATINGS RATIONALE

Emergent's B3 rating reflects its niche position supplying products
that address public health threats. Notwithstanding volatility,
Moody's expects generally upward sales of anthrax and smallpox
vaccines supplied to the US Strategic National Stockpile, and
ongoing purchases of Tembexa as well as other medical
countermeasures. The company's nasal naloxone business will benefit
from an upcoming expansion into the over-the-counter market,
although likely at a reduced price point. Including nasal naloxone,
the company's products business has strong gross margins of around
60%.

Tempering these strengths, volatility in US government ordering
patterns exacerbates Emergent's other credit challenges including
operating losses in the CDMO business and generic pressure on the
nasal naloxone franchise. Emergent's CDMO business faces high
albeit declining operating costs and uncertain ability to attract
significant new business while improving quality controls. Until
these trends reverse more substantially, gross debt/EBITDA will
remain elevated, likely in the 6x to 8x range over the next 12 to
18 months.

Emergent's SGL-3 speculative grade liquidity rating reflects pro
forma cash on hand of over $200 million, and $55 million of
availability under the $300 million revolving credit facility
expiring in May 2025. Financial covenants under the amended credit
facilities include minimum LTM EBITDA levels through 1Q'24 followed
by maximum leverage of 4.5x and minimum fixed charge coverage of
2.25x stepping up to 2.5x. Moody's anticipates adequate cushion
under these covenants.

Emergent's CIS-4 indicates the rating is lower than it would have
been if ESG risk exposures did not exist. This primarily reflects
governance challenges. Emergent's G-4 score reflects governance
challenges including those related to management credibility and
track record, financial strategy and risk management, and
challenges maintaining manufacturing compliance standards in light
of FDA warning letters. Social risk exposures reflected in the S-4
score include customer relations and responsible production
exposures related to manufacturing compliance standards. That said,
Emergent is less exposed to drug pricing legislative risks compared
to many pharmaceutical companies due to its product mix skewed to
vaccines supplied directly to the US government.

The outlook is negative, reflecting ongoing operating challenges
including volatility in government ordering patterns and high
operating losses in the CDMO business. Although recent refinancing
alleviates downward credit pressure associated with refinancing
risk, Moody's does not believe the credit profile has sufficiently
stabilized until financial performance more clearly rebounds.

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

Factors that could lead to a downgrade include a deterioration in
liquidity, higher operating losses in the CDMO business, or delays
or cancelations in anthrax or smallpox vaccine purchase orders from
the US government.

Factors that could lead to an upgrade include reduced volatility in
government purchase orders, and reduced operating losses in the
CDMO business. Quantitatively, debt/EBITDA sustained below 5.5x
would support an upgrade.

Headquartered in Gaithersburg, Maryland, Emergent BioSolutions Inc.
is a life sciences company that provides pharmaceuticals, vaccines,
medical devices and contract manufacturing services related to
public health threats affecting civilian and military populations.
Revenues in 2022 totaled approximately $1.1 billion.

The principal methodology used in these ratings was Pharmaceuticals
published in November 2021.


EMERGENT BIOSOLUTIONS: S&P Affirms 'B+' ICR, Outlook Negative
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating on
Emergent BioSolutions Inc. and 'B' issue-level rating on its
unsecured notes due 2028.

The negative outlook reflects significant risks over the next 12
months, including increased volatility in the timing of U.S.
government procurement orders and refinancing risk that has only
been temporarily diminished.

Emergent has successfully amended and extended its maturing credit
facility. The company extended the maturity on its revolver and TLA
to May 15, 2025, from Oct. 13, 2023. S&P said, "We believe the
lenders will receive adequate compensation for the extension in the
form of a higher interest margin and additional covenant
protections. Additionally, the company paid down a substantial
portion of the TLA ($144.4 million, leaving $210 million
outstanding) and revolver ($342.8 million, leaving $255.2 million
outstanding) in connection with the amendment. It also reduced the
available commitments under the revolver to $300 million from $600
million. Despite this reduction, we believe this transaction
improves liquidity, with sources of liquidity expected to exceed
uses by at least 4x over the next 12 months. This is materially
better our last review, driven largely by the extension on the debt
maturities."

While the near-term maturities have been addressed, refinancing
risk has only been temporarily diminished as more than $400 million
of debt will become current in May 2024. Given the continued
challenging capital markets environment, there is increased
pressure on Emergent to improve operating performance over the next
12 months as the company re-engages in refinancing discussions.

The amendment comes after the sale of the travel health business
closed, which should improve credit measures going forward. The
company received net proceeds of $266 million, which it used to
fund the debt repayment. Emergent could also receive $80 million in
milestone payments and up to $30 million in earnout payments based
on the level of 2026 sales, though these payments are not included
in our forecast. While S&P previously expected the travel health
business to be a growth driver for Emergent (particularly the
development stage chikungunya vaccine candidate), pro forma credit
measures are much improved due to an essentially halved research
and development (R&D) burden. Pro forma the divestiture, 2022
adjusted EBITDA would have been $131 million versus the actual $30
million.

The delayed ACAM2000 order from 2022 has not yet been fulfilled,
but the government has issued a notice of intent to procure. 2022
product sales were heavily impaired by the government's decision to
not procure its regular order of ACAM2000 for the Strategic
National Stockpile (SNS), resulting in sales of the product
declining to $63 million from $206 million in 2021. S&P said, "This
caused higher volatility in financial measures than we had
previously anticipated and called into question the government's
commitment to supply the SNS (which accounts for the majority of
Emergent's revenues). While the notice of intent is a positive
development, the variability in timing of these orders introduces
an additional layer of risk. Also, while we previously assumed 2023
would see a 'catch up' of ACAM2000 orders from 2022, we are now
forecasting that orders will resume at their typical annual pace,
in line with the company's updated guidance."

S&P said, "We now expect credit measures in 2023 will be worse than
our previous forecast but improve drastically in 2024 and 2025.Our
revised ACAM2000 assumption leads to revenue and EBITDA that is
materially below our forecast from November. We now anticipate
adjusted debt/EBITDA will be 7.6x at year end. However, we expect
leverage to decrease materially to 4.0x in 2024 as certain one-time
costs relating to restructuring, acquisitions, and the divestiture
(around $48 million) roll off and as the full-year margin impact
from the divestiture is realized. On a pro forma basis, we forecast
adjusted leverage will be about 5.5x in 2023, versus our previous
forecast of 3x to 4x.

"The long-term unsecured notes are still trading at distressed
levels. The 3.875% notes due 2028 are currently yielding 18%, which
we view as distressed. Some of this movement can be explained by
the challenging interest rate environment, but the largest change
followed the earnings release in November, with updated guidance
that called into question their ongoing government contracts. The
low trading value increases the risk of a below par repurchase that
we could view as a distressed exchange, though we believe the
company will prioritize cash for paying down the senior secured
debt.

"Our negative outlook on Emergent reflects significant risks to our
base case expectation of materially improved financial performance
over the next 12 months, including ongoing operational challenges
at its manufacturing facilities and increased volatility in its
long-standing government contracts. These factors are exacerbated
by refinancing risk that is only temporarily diminished."

S&P could lower its rating on Emergent over the next 12 months if:

-- The company is unable to refinance its capital structure before
the senior secured debt becomes current in May 2024;

-- There is further volatility in the timing or volume of the U.S.
government's ACAM2000 procurement order; or

-- S&P expects continued operational challenges within the CDMO
business to constrain margin improvement, sustaining adjusted debt
to EBITDA above 5x in 2024.

S&P could revise the outlook to stable if:

-- The U.S. government exercises the procurement option on
ACAM2000 at historical volume levels; and

-- Emergent refinances its credit facility due May 15, 2025.

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

S&P said, "We believe Emergent's exposure to social risk factors
and governance practices compare unfavorably with those of peers,
due to well-documented manufacturing concerns unearthed at its
Bayview facility in Baltimore. These issues resulted in a lengthy
FDA inspection, a congressional hearing, and the disposal of
hundreds of millions of COVID-19 vaccine doses during a time when
many countries were desperate for them. We do not expect there to
be substantial financial penalties levied against Emergent over
this quality-control failure, but the company did incur significant
remediation costs in 2022. Furthermore, the company's poor
execution under its COVID-19 vaccine manufacturing contracts could
hinder its ability to win new contracts or renew existing contracts
at favorable terms. This could reduce longer-term prospects for
earnings and cash flow growth, particularly within its CDMO
business."



ENERGY PLUS: Taps Law Offices of Michael Jay Berger as Counsel
--------------------------------------------------------------
Energy Plus Solar Inc. seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ the Law
Offices of Michael Jay Berger.

The Debtor requires legal counsel to:

     (a) communicate with creditors;

     (b) review the Debtor's Chapter 11 bankruptcy petition and all
supporting schedules;

     (c) advise the Debtor of its legal rights and obligations in a
bankruptcy proceeding;

     (d) work to bring the Debtor into full compliance with the
reporting requirements of the Office of the U.S. Trustee;

     (e) prepare status reports as required by the court;

     (f) respond to any motions filed in the Debtor's bankruptcy
proceeding;

     (g) respond to creditor inquiries;

     (h) review proofs of claim filed in the Debtor's Chapter 11
bankruptcy and object to inappropriate claims;

     (i) prepare notices of automatic stay in all state court
proceedings in which the Debtor is sued; and

     (j) if appropriate, prepare a Chapter 11 plan of
reorganization for the Debtor.

The firm will be paid at these rates:

  Michael Jay Berger, Esq.                       $595 per hour
  Sofya Davtyan, Senior Associate Attorney       $545 per hour
  Carolyn M. Afari, Mid-level Associate Attorney $435 per hour
  Robert Poteete, Mid-level Associate Attorney   $435 per hour
  Angeline Smirnoff, Associate Attorney          $395 per hour
  Senior Paralegals and Law Clerks               $250 per hour
  Bankruptcy Paralegals                          $200 per hour

The firm received a retainer in the amount of $20,000.

Michael Jay Berger, Esq., the sole owner of the Law Offices of
Michael Jay Berger, disclosed in a court filing that his firm is a
"disinterested person" pursuant to Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Michael Jay Berger, Esq.
     Law Offices of Michael Jay Berger
     9454 Wilshire Blvd., 6th Floor
     Beverly Hills, CA 90212-2929
     Telephone: (310) 271-6223
     Facsimile: (310) 271-9805
     Email: michael.berger@bankruptcypower.com

                            Energy Plus

Energy Plus Solar Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif. Case No.
23-12863) on May 9, 2023, with as much as $50,000 in assets and
$100,001 to $500,000 in liabilities. John-Patrick Fritz has been
appointed as Subchapter V trustee.

Judge Neil W. Bason oversees the case.

The Debtor is represented by the Law Offices of Michael Jay Berger.


ENTEC SERVICES: Robert Byrd Named Subchapter V Trustee
------------------------------------------------------
David Asbach, Acting U.S. Trustee for Region 5, appointed Robert
Byrd, Esq., at Byrd & Wiser, as Subchapter V trustee for EnTec
Services, LLC.

Mr. Byrd will be paid an hourly fee of $275 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Byrd declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Robert A. Byrd
     Byrd & Wiser
     P.O. Drawer 1939
     Biloxi, MS 39533
     Phone: (228) 432-8123
     Fax: (228) 432-7029
     Email: rab@byrdwiser.com

                       About EnTec Services

EnTec Services, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. S.D. Miss. Case No. 23-01141) on May
15, 2023, with $1 million to $10 million in both assets and
liabilities. Judge Jamie A. Wilson oversees the case.

The Debtor is represented by Craig M. Geno, Esq., at the Law
Offices of Craig M. Geno, PLLC.


ENVISION HEALTHCARE: $300M Bank Debt Trades at 4% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Envision Healthcare
Corp is a borrower were trading in the secondary market around 96.2
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $300 million facility is a Term loan that is scheduled to
mature on March 31, 2027.  The amount is fully drawn and
outstanding.

                    About Envision Healthcare

Envision Healthcare Corporation is a national medical group that
works in collaboration with healthcare partners, payors, and others
in the healthcare industry to ensure the delivery of high-quality,
accessible, and affordable patient care.

Based in Nashville, Tennessee, Envision Healthcare Corporation and
216 affiliated entities filed for Chapter 11 bankruptcy (Bankr.
S.D. Tex. Lead Case No. 23-90342) on May 15, 2023.  The Debtors
disclosed $1 billion to $10 billion in both estimated assets and
liabilities on a consolidated basis.

The bankruptcy filing comes five years after Envision Healthcare
was taken private by KKR in a blockbuster leveraged buyout that
valued the Company at $10 billion.

The Hon. Christopher M. Lopez presides over the cases.

Lawyers at Kirkland & Ellis LLP serve as the Debtors' lead counsel.
They also hired Jackson Walker LLP and Katten Muchin Roseman, LLP
as counsel.  The Debtors hired PJT Partners as their investment
banker; Alvarez & Marsal North America, LLC as their restructuring
advisor; Kroll Restructuring Administration LLC as their claims and
noticing agent; and KPMG LLC as their tax advisor.


EYECARE PARTNER: $750M Bank Debt Trades at 24% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Eyecare Partners
LLC is a borrower were trading in the secondary market around 75.8
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $750 million facility is a Term loan that is scheduled to
mature on February 20, 2027.  The amount is fully drawn and
outstanding.

EyeCare Partners, LLC, headquartered in St. Louis, Missouri, is a
medically focused eye care services provider. EyeCare Partners is
vertically integrated, providing optometry, ophthalmology and
retail products.



FARWAY MARINA: Taps Leech Tishman Robinson Brog as Legal Counsel
----------------------------------------------------------------
Farway Marina, Inc. seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to employ Leech Tishman
Robinson Brog, PLLC as its legal counsel.

The firm's services include:

     a. providing the Debtor with legal advice with respect to its
powers and duties under the Bankruptcy Code in the continued
operation of its business and the management of its property;

     b. negotiating, drafting, and pursuing all documentation
necessary in this Chapter 11 case, including, without limitation,
any debtor-in-possession financing arrangements and the disposition
of the Debtor's assets, by sale or otherwise;

     c. preparing legal papers;

     d. negotiating with creditors of the Debtor, preparing a plan
of reorganization and taking the necessary legal steps to
consummate a Chapter 11 plan, including, if necessary, negotiations
with respect to financing a plan;

     e. appearing in court;

     f. attending meetings and negotiating with representatives of
creditors, the United States Trustee, and other parties involved in
the bankruptcy case;

     g. providing legal advice to the Debtor regarding bankruptcy
law, corporate law, corporate governance, tax, litigation, and
other issues attendant to the Debtor's business operations;

     h. taking all necessary actions to protect and preserve the
Debtor's estate including prosecuting actions on the Debtor's
behalf, defending any action commenced against the Debtor, and
representing the Debtor in negotiations concerning litigation in
which the Debtor is involved, including objections to claims filed
against the Debtor's estate; and

   i. other legal services.

The firm will be paid at these rates:

     Partners                       $500 to $800 per hour
     Counsel                        $495 to $600 per hour
     Associates                     $325 to $475 per hour
     Legal Assistants/Paralegals    $120-$250 per hour

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

The firm received from the Debtor a retainer of $36,779.

Steven Eichel, Esq., a partner at Leech Tishman Robinson Brog,
disclosed in court filings that his firm is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Steven Eichel, Esq.
     Lori A. Schwartz, Eq.
     Leech Tishman Robinson Brog, PLLC
     875 Third Avenue, 9th Floor
     New York, NY 10022
     Tel: (212) 603-6300
     Fax: (212) 956-2164
     Email: seichel@leechtishman.com
            lschwartz@leechtishmanrb.com

                        About Farway Marina

Farway Marina, Inc., a company in Far Rockaway, N.Y., filed its
voluntary petition for Chapter 11 protection (Bankr. E.D.N.Y. Case
No. 23-41446) on April 27, 2023, with as much as $50,000 in assets
and $1 million to $10 million in liabilities. Judge Jil
Mazer-Marino oversees the case.

Leech Tishman Robinson Brog, PLLC is the Debtor's legal counsel.


FINCO I LLC: Moody's Affirms 'Ba1' CFR Amid Mubadala Transaction
----------------------------------------------------------------
Moody's Investors Service has affirmed FinCo I LLC's (d/b/a
Fortress) Ba1 corporate family rating and Ba1-PD probability of
default rating. Moody's also affirmed Fortress' Ba1 senior secured
first lien term loan and its Ba1 senior secured revolving credit
facility rating. This rating action follows the announcement that
Fortress will be sold by its current owner, SoftBank Group Corp.
(Ba3 negative) to Mubadala Capital and Fortress management.
Following the sale, Mubadala is expected to own 70% of Fortress and
the company's management is expected own the remaining 30%. The
outlook remains stable.

RATINGS RATIONALE

The rating action reflects Moody's view that this transaction will
not have a material impact on Fortress' business operations or
balance sheet. Fortress will continue to operate as independent
investment manager with full control over all aspects of the
business. While senior management changes were announced with the
transaction, the incoming Co-CEOs both have long tenure and senior
positions within the firm. Moody's noted that debt-to-EBITDA with
Moody's adjustments as of Q1 2023 was high for its rating at 4.9x.
However, Moody's calculation includes an additional adjustment to
debt related to employee compensation accruals, which is expected
to be paid in 2024 and is covered by cash on the balance sheet.
Excluding the employee compensation accrual, leverage is 3.8x,
which is still relatively high for its rating.

Fortress' Ba1 rating reflects the company's moderate scale, strong
assets under management (AUM) retention and solid profitability.
The company's credit profile is constrained by high leverage
significant reliance on more volatile performance fees and elevated
balance sheet risk driven by a high amount of less liquid
on-balance sheet investments.

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

Factors that could lead to an upgrade include the following: 1)
Debt/EBITDA moves sustainably below 3.0x; 2) reduction in balance
sheet risk consistent with an equity to self-managed investments
ratio above 7.0x; 3) increased asset class diversity to help
balance the firm's high exposure to credit strategies.

Factors that could lead to a downgrade include the following: 1)
sustained leverage above 4.0x ; 2) increased earnings volatility;
or 3)AUM declines reflecting lower asset valuations and/or return
of capital without a commensurate increase in fee-earning AUM
through fundraising or capital deployment.

The principal methodology used in these ratings was Asset Managers
Methodology published in November 2019.

Fortress is a leading alternative asset manager with $44.2 billion
of alternative assets under management as of March 31, 2023.


FINTHRIVE SOFTWARE: Moody's Cuts CFR to Caa1 & 1st Lien Debt to B3
------------------------------------------------------------------
Moody's Investors Service downgraded FINThrive Software
Intermediate Holdings, Inc.'s Corporate Family Rating to Caa1 from
B3. Moody's also downgraded the Probability of Default Rating to
Caa1-PD from B3-PD, as well as the first-lien senior secured
instrument ratings to B3 from B2 and the second-lien senior secured
instrument rating to Caa3 from Caa2. The outlook remains negative.
The company is a Georgia-based healthcare revenue cycle management
software-as-a-service (Saas) solutions provider.

The rating action reflects the challenges to generate positive free
cash flow and reduce leverage as a result of the company's highly
levered capital structure. Rising benchmark rates  have increased
FinThrive's interest expense burden substantially. The ratings
downgrade also reflects weaker revenue growth and profitability
compared to the underwriting plan when the company acquired
TransUnion Healthcare in 2021. Moody's anticipates free cash flow
will remain negative over the next 12 months, which will diminish
the company's liquidity and increases credit risk. The company
operates in a competitive revenue cycle management (RCM) market
segment and will need to achieve higher revenue growth and improve
profitability to offset its very high cost of debt. FinThrive's
aggressive financial strategies and underperformance versus its
underwriting plan are key ESG considerations reflected in the
governance score change to G-5 from G-4.

Downgrades:

Issuer: FINThrive Software Intermediate Hldgs, Inc.

Corporate Family Rating, Downgraded to Caa1 from B3

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

Senior Secured 1st Lien Bank Credit Facility, Downgraded to B3
from B2

Senior Secured 2nd Lien Bank Credit Facility, Downgraded to Caa3
from Caa2

Outlook Actions:

Issuer: FINThrive Software Intermediate Hldgs, Inc.

Outlook, Remains Negative

RATINGS RATIONALE

FinThrive's ratings reflect the company's very high financial
leverage with debt/EBITDA over 12x as of December 31, 2022 (Moody's
adjusted, excluding preferred equity, net of capitalized software
expenses and after giving partial credit to one-time items that the
company considers non-recurring). Weaker than anticipated operating
performance and negative free cash flow also weigh on the ratings
and increase the risk of default or debt restructuring. Rising
interest rate benchmarks have contributed to a substantial increase
in interest expense, leading to Moody's expectation for free cash
flow deficits and diminishing liquidity. Ongoing integration risks
following recent transformative M&A also weigh on the credit
profile.

A short operating history following the acquisition of TransUnion
Healthcare, which roughly doubled the size of the company, and high
cost add-backs result in limited visibility into the long-term
profitability and cash flow profile of the going concern, which
elevates risks. FinThrive will need to offset an increasing cost of
debt with revenue growth and improved profitability, but the
company has underperformed Moody's expectations. The company's
ability to generate positive free cash flow will be challenged if
operating results remain weaker than expected or interest rate
benchmarks stay elevated beyond 2023. The company remains small
relative to other healthcare software providers in a competitive
market.

FinThrive benefits from highly recurring revenue, supported by long
term subscription contracts with volume floors, which limits top
line volatility relative to other healthcare RCM peers. High
profitability rates and a strong market position support the credit
profile. RCM technology solutions are sticky and costly to replace,
benefitting incumbent providers, as evidenced by good gross
retention rates around 95%. Favorable long-term trends in the
healthcare industry also support the rating: increasing regulatory
complexity, shift to higher collections from patients, pressure to
cut costs, and vendor consolidation will drive demand for RCM
solutions. However, Moody's expects that FinThrive's core client
base, mainly large hospital systems, will continue to face labor
shortages and inflationary pressure in the near term, which will
limit revenue growth opportunities over the next 12-18 months.

The negative outlook reflects Moody's expectation for free cash
flow deficits over the next 12-18 months, as rising benchmark rates
increase FinThrive's cash interest expense and push FCF/debt to
levels around -3% or below (Moody's adjusted, excluding preferred
equity PIK interest expense). Moody's anticipates revenue growth
will remain mostly flat or in the low single-digit range as
hospital budgets remain under pressure in a competitive RCM market,
and investments in the company's sales force take time to yield
cross-sell mandates or new client opportunities. Slow growth will
keep debt/EBITDA leverage very high, above 12x (Moody's adjusted,
excluding preferred equity, net of capitalized software expenses).
Leverage reduction over the next 12-18 months will rely mostly on
cost savings. The company's ability to generate long-term positive
free cash flow remains uncertain and will depend on the trajectory
of interest rate benchmarks, as well as on FinThrive's ability to
increase revenue growth while improving profitability above levels
that Moody's considers already high. The outlook could return to
stable if Moody's expects FinThrive will be able to improve its
free cash flow generation profile towards breakeven levels.

Moody's views FinThrive's liquidity as weak given the expectation
for negative free cash flow, which will reduce the company's $93
million cash balance (as of December 31, 2022) over the next 12-18
months and will likely require usage of the company's $150 million
revolver (undrawn as of December 31, 2022). Moody's expects
available liquidity will be sufficient to finance the free cash
flow deficit over the next 12-18 months, including capex and the 1%
annual first-lien term loan amortization rate, but a diminishing
liquidity position could lead to further downgrades. Moody's
expects the company will remain in compliance with the 9.55x
consolidated first-lien net leverage covenant (as defined in the
Credit Agreement), which is only applicable when the revolver is
35% or more drawn. There are no maintenance financial covenants
associated with the term loans.

The ratings for FinThrive's debt instruments reflect both the
overall Caa1-PD probability of default rating and the loss given
default assessment of the individual debt instruments. The B3
ratings on the $1,440 million first-lien term loan maturing 2028
and the $150 million first-lien revolver due 2026, one notch above
FinThrive's Caa1 CFR, reflect the facilities' priority position in
the capital structure, ahead of the $460 million second-lien term
loan due 2029, which is rated Caa3. The first-lien debt has
priority of payments, relative to the second-lien loan, from the
proceeds of any default- or bankruptcy-related liquidation. The
revolver and term loan are secured by a first-lien pledge of
substantially all the assets of FINThrive Software Intermediate
Holdings, Inc. and its domestic subsidiaries.

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

The ratings could be upgraded if Moody's-adjusted debt-to-EBITDA
approaches 7.5x with free cash flow generation, measured as
percentage of debt, sustained above 1.0%.

The ratings could be downgraded if 1) FinThrive's profitability is
weaker than anticipated, or interest rates remain at levels such
that Moody's expects free cash flow will remain negative beyond the
next 12-18 months; 2) liquidity deteriorates; 3) Moody's does not
expect the company will be able to reduce debt-to-EBITDA; 4)
organic revenue growth is negative, reflecting a weaker competitive
position; or 5) the company undertakes more aggressive financial
policies, such as further debt-funded acquisitions or other
leveraging actions.

Headquartered in Alpharetta, GA, FINThrive Software Intermediate
Holdings, Inc. provides healthcare revenue cycle management
software-as-a-service (Saas) solutions. The company's RCM offerings
include patient access, patient registration and eligibility,
insurance discovery, payment estimates, patient clearance, charge
integrity, claims management, contract management, analytics,
education, and other functions. Moody's expects the company to
generate over $430 million of revenue in 2023. The company was
acquired by private equity firm Clearlake Capital Group in January
2021 and recently completed the acquisitions of TransUnion
Healthcare (December 2021) and PELITAS (February 2022).            


The principal methodology used in these ratings was Software
published in June 2022.


FKB LLC: Seeks to Hire Archer & Greiner P.C. as Counsel
-------------------------------------------------------
FKB LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania to employ Archer & Greiner, P.C.
as counsel.

The firm's services include:

   a. providing legal advice with respect to the Debtor's powers
and duties as debtor-in-possession in the continued operation of
its business and management of its properties;

   b. negotiating, drafting, and pursuing all documentation
necessary in this Subchapter V Case;

   c. preparing on behalf of the Debtor all applications, motions,
answers, orders, reports, and other legal papers necessary to the
administration of the Debtor's estate;

   d. appearing in Court and protecting the interests of the Debtor
before the Court;

   e. assisting with any disposition of the Debtor's assets, by
sale or otherwise;

   f. negotiating and taking all necessary or appropriate actions
in connection with a plan or plans of reorganization and all
related documents thereunder and transactions contemplated
therein;

   g. attending all meetings and negotiating with representatives
of creditors, the U.S. Trustee, and other parties-in-interest;

   h. providing legal advice regarding bankruptcy law, corporate
law, corporate governance, transactional, litigation and other
issues to the Debtor in connection with the Debtor's ongoing
business operations; and

   i. performing all other legal services for, and providing all
other necessary legal advice to, the Debtor, which may be necessary
and proper in this Subchapter V Case.

The firm will be paid at these rates:

     Partners             $345 to $795 per hour
     Associates           $300 to $460 per hour
     Paralegals           $55 to $315 per hour

The firm received an advanced fee retainer of $50,000, on April 18,
2023, and an additional retainer of $35,000 on May 5, 2023.

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

David Carickhoff, Esq., a partner at Archer & Greiner, disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     David W. Carickhoff, Esq.
     Archer & Greiner, P.C.
     300 Delaware Avenue, Suite 1100
     Wilmington, DE 19801
     Tel: (302) 777-4350
     Email: dcarickhoff@archerlaw.com

                           About FKB LLC

FKB LLC is a full-service fabrication studio that creates
emotionally transformative experiences for brands, agencies,
communities and developers.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Pa. Case No. 23-11371) on May 10,
2023. In the petition signed by Clifford James Barlow, manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Patricia M. Mayer oversees the case.

Douglas G. Leney, Esq., at Archer & Greiner, PC, represents the
Debtor as legal counsel.


FOGO DE CHAO: Moody's Affirms Caa1 CFR & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service changed Fogo de Chao, Inc.'s outlook to
stable from positive. At the same time, Moody's also affirmed Fogo
de Chao's Caa1 corporate family rating, Caa1-PD probability of
default rating and Caa1 senior secured bank credit facilities
ratings.

The change in outlook to stable reflects governance considerations
related to its aggressive financial strategies with regard to
liquidity management and the fact that the company's $40 million
revolving credit facility expires in April 2024 and remains
unaddressed. The near-term revolver expiration significantly
increases liquidity risk due to the limited time available to
extend the revolver which is needed to maintain ample access to
funds to support capital spending on growth initiatives.

The ratings affirmation reflects the company's continued very
strong operating performance driven by a rebound in consumer demand
for experiential and larger event gatherings that has resulted in
very good credit metrics for the rating level. The affirmation also
reflects the company's competitive and popular offering in the
steakhouse restaurant segment, as well as its unique service model
which supports strong operating margins compared to the peer set.
The affirmation is supported by the Fogo de Chao's solid cash flow
generation which is expected to be able to support both maintenance
and growth capital expenditures, albeit with limited cushion.  The
ratings remain constrained, however, by the company's near term
revolver expiration and aggressive financial policy, including its
dividend payment to its owners in 2022.

Affirmations:

Issuer: Fogo De Chao, Inc.

Corporate Family Rating, Affirmed Caa1

Probability of Default Rating, Affirmed Caa1-PD

Senior Secured Bank Credit Facility, Affirmed Caa1

Outlook Actions:

Issuer: Fogo De Chao, Inc.

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

Fogo de Chao's Caa1 CFR rating is constrained by its agressive
financial strategies includiing a dividend payment in 2022 and the
near term revolver expiration in April 2024, which would cause any
future borrowings on the revolver to have a limited repayment
window. Other considerations are the company's relatively small
size and limited product diversity relative to other rated
restaurant chains. Fogo de Chao is also subject to potential
earnings volatility due to its higher exposure to more volatile
commodities such as beef, and exposure to currency fluctuations
with 6.2% of F2022 revenue generated in Brazil while all debt is
denominated in US dollars. Supporting the rating is Fogo de Chao's
strong operating margins, which are attributable to its continuous
service model (gaucho chefs serving tableside) and lower operating
costs relative to peers, along with good brand awareness within its
core markets. The company's geographic diversity in both the US and
Brazil, as well as its unique Brazilian steakhouse customer
experience, help drive same store sales and cash generation.
Governance is a consideration due to Fogo de Chao's private equity
ownership, increasing the potential for event risk and decisions
that favor shareholders over creditors, including its $40 million
dividend to the sponsor in 2022.

The stable outlook reflects Fogo de Chao's very strong operating
performance and credit metrics driven by positive same store sales
and contributions from its new restaurants. The outlook also
reflects the expectation that the company will continue to
prudently manage through the difficult labor and commodity cost
inflation environment. However, Moody's notes that the risk of
weakening consumer spending for food-away-from home remains
heightened.

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

Ratings could be upgraded if the company improves liquidity through
a longer term extension of its debt maturity profile while
maintaining solid credit metrics, including debt to EBITDA below
6.5 times and EBIT to interest above 1.0x, and at least break even
free cash flow.

Ratings could be downgraded should liquidity deteriorate in any
way, such as failure to extend its already current revolver or
failure to extend its term loan debt maturity profile well ahead of
it going current. Other downgrade factors include any material
erosion of credit metrics or operating performance.

Fogo De Chao, Inc. (initially "Prime Cut Merger Sub Inc.") based in
Plano, TX, operates a Brazilian steakhouse ("Churrascaria")
restaurant chain with 55 restaurants in the U.S., 8 in Brazil, 6
franchised restaurants in Mexico and 2 in the Middle East. Revenue
for the twelve month period ending January 1, 2023 was $546
million. Fogo De Chao is owned by affiliates of Rhone Capital.

The principal methodology used in these ratings was Restaurants
published in August 2021.


FOOT LOCKER: S&P Alters Outlook to Negative, Affirms 'BB+' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on New York-based footwear
and apparel retailer Foot Locker Inc. to negative from stable and
affirmed its 'BB+' issuer credit rating.

At the same time, S&P affirmed its 'BB+' issue-level rating on the
company's senior unsecured notes with a '3' recovery rating.

The negative outlook reflects the risk that current operating
challenges and lower consumer discretionary spending on footwear
and apparel could lead to weaker profitability and sustained
elevated leverage.

S&P said, "Foot Locker's operating performance will continue to be
pressured in 2023 amid a challenging economic environment. Although
moderating from peak levels, we expect elevated inflationary
pressures will continue to drive lower consumer discretionary
demand as consumers remain pressured and prioritize
nondiscretionary spending. For the first quarter ended April 29,
2023, Foot Locker's total revenues decreased more than 11% year
over year. Its S&P Global Ratings-adjusted EBITDA declined roughly
390 basis points (bps) toward the low-16% area from the high-19%
area in the prior year period as consumer demand continued to
soften in the quarter and inventory levels remained elevated at 25%
above last year's levels. As a result, the company will likely
pursue a more aggressive discounting strategy extending into the
back half of the year, pressuring margins in the near term.
However, we believe that it will reduce excess inventory throughout
the course of the year and improve its working capital position.

"Although Foot Locker's Nike reset will likely pressure results in
the short-run, its repositioning of the Champs Sports banner, focus
on expanding into more off-mall locations, and greater vendor mix
diversification will partially offset this over the long term. As
of the first quarter of 2023, Foot Locker's sales mix was still
predominantly reliant on Nike, with 65% of sales coming from the
brand. We expect this to come down to roughly 55% to 60% by 2026 as
the company continues to make strides in diversifying its vendor
base. In addition, off-mall locations represented roughly 35% of
total square footage in North America as of the first quarter and
have outperformed mall-based stores on average.

"Foot Locker's digital penetration has remained relatively
unchanged year over year, comprising roughly 16% of total sales.
However, we expect management's initiative to invest in new
technology infrastructure and expand its omnichannel capabilities
to result in positive sales growth over the long term given
increasing consumer preferences towards online shopping. As certain
consumers shift away from in-person shopping at traditional
brick-and-mortar stores, Foot Locker's ability to offer a
differentiated and seamless customer experience--both in store and
online--will be essential to its long-term success.

"We forecast S&P Global Ratings-adjusted leverage to be in the
mid-2x area this year, moderating toward the low-2x area in 2024.
We expect Foot Locker's leverage to rise to the mid-2x area in
fiscal 2023, compared with 1.8x at the end of fiscal 2022. This is
driven by S&P Global Ratings-adjusted EBITDA contracting more than
300 bps in the quarter from weakened consumer demand and deeper
markdowns, which we expect to continue through the remainder of the
year. As a result of these operating pressures, elevated costs, and
ongoing heavy growth capital expenditure (capex), we estimate Foot
Locker will generate negative free operating cash flow (FOCF) of
roughly $89 million in fiscal 2023. Given our expectation for
weakening credit protection measures and softer cash flow
generation, we revised our financial risk profile assessment to
intermediate from modest.

"Foot Locker has adequate liquidity with no near-term maturities.
As of April 29, 2023, Foot Locker had $313 million of balance sheet
cash and an undrawn balance on its $600 million asset-based lending
(ABL) facility. Although we expect Foot Locker to maintain its
dividend, we do not anticipate meaningful share repurchases this
year as management prioritizes its cash balances. Foot Locker has
no near-term maturities, with an ABL facility maturing in 2025 and
$400 million of senior unsecured notes maturing in 2029. We
anticipate current debt levels to remain relatively unchanged over
the next 12 months."

The negative outlook reflects the risk of a downgrade if the
company does not meaningfully improve its operating performance and
cash flow generation over the next 12 months.

S&P said, "We could lower our ratings on Foot Locker if the
company's initiatives to maneuver its reset of Nike and reposition
Champs Sports do not demonstrate meaningful progress. Under such a
scenario, we would expect limited traffic improvement and
insignificant margin expansion to result in stagnant operating cash
flow generation. Specifically, a downgrade would be preceded by our
expectation for adjusted funds from operations (FFO) to debt to
remain below 40% on a sustained basis and adjusted discretionary
cash flow (DCF) to debt to remain below 15%.

"We could revise the outlook on Foot Locker to stable if we expect
a significant rebound in operating performance and meaningfully
improved traffic. In this scenario, we would expect adjusted FFO to
debt to be sustained above 40% and adjusted DCF to debt to be
sustained above 15%."

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



FREE SPEECH: Jones Could Take Money Back from Wife to Pay Suit
--------------------------------------------------------------
Jenny Goldsberry of the Washington Examiner reports that Sandy Hook
families are seeking money Alex Jones gave to his wife as payment
for damages they're owed.

Jones was ordered to pay more than $965 million in damages by a
Connecticut jury in his defamation trial over his false claims
regarding the Sandy Hook Elementary School mass shooting that took
place in 2012, and Jones' company was ordered to pay an additional
$473 million to victims' families and an FBI agent.

On Friday, May 19, 2023, the recipients' attorney David Zensky and
Jones's attorney Vickie Driver found themselves in the Southern
District of Texas United States Bankruptcy Court in light of Jones
filing for bankruptcy twice: once on his own behalf and another on
behalf of his company Free Speech Systems.

Zenksy, a partner in his firm, accused Jones of engaging in
"financial gymnastics" to avoid paying the families, according to
Reuters.  The attorney claimed he had a "very strong case" to
reverse payments made to Jones's family, including his wife, Erika
Wulff Jones, to whom Jones transferred his $3 million estate in
Austin, Texas, in February 2022. According to Zenksy, she also
received a $1 million payment along the way.

Driver defended that the reversal payments would only be necessary
if the payments were improper to begin with. Jones wanted an
independent expert to determine whether or not they were, according
to the lawyer.

"You can imagine that if someone was to sue their wife over
transfers, that's a little hard in the home," Driver said.

"It's time for everyone to put their cards on the table," U.S.
Bankruptcy Judge Christopher Lopez said at the hearing.

Earlier this May 2023, FSS proposed a bankruptcy plan that would
pay an annual salary of $520,000 to Jones and leave $7 million to
$10 million to pay creditors annually, including the victims'
families, according to the Associated Press.

The deadline for mediation is July 21.

                  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.


GENESISCARE USA: EUR500M Bank Debt Trades at 74% Discount
---------------------------------------------------------
Participations in a syndicated loan under which Genesiscare USA
Holdings Inc is a borrower were trading in the secondary market
around 26.1 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The EUR500 million facility is a Term loan that is scheduled to
mature on May 17, 2027.  The amount is fully drawn and
outstanding.

Genesiscare USA Holdings Inc operates as a holding company. The
Company, through its subsidiaries, provides breast and colorectal
surgery, gynecology, pathology, pulmonology, radiology, urology,
radiation therapy, and other cancer treatments.



GRAYSON UNLIMITED: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The U.S. Trustee for Region 2 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Grayson Unlimited, LLC.
  
                        About X
  
Grayson Unlimited, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 23-10380) on April 26,
2023, with $100,001 to $500,000 in both assets and liabilities.
Judge Carl L. Bucki oversees the case.

Matthew A. Lazroe, Esq., at the Law Office of Matthew A. Lazroe is
the Debtor's legal counsel.



GREENHILL & CO: S&P Places 'BB-' ICR on CreditWatch Positive on
---------------------------------------------------------------
S&P Global Ratings placed all of its ratings on Greenhill & Co.,
including its 'BB-' issuer credit rating and 'BB-' issue-level
rating on its debt, on CreditWatch with positive implications.

On May 22, 2023, Tokyo-based Mizuho Financial Group, Inc. announced
that it has entered into a definitive purchase agreement to acquire
Greenhill & Co. Inc. in an all-stock transaction valued at about
$550 million, including the assumption of Greenhill's debt.

S&P said, "Once the transaction closes, we will resolve the
CreditWatch placement, likely by raising the ratings by one or more
notches, depending on our assessment of Greenhill's stand-alone
creditworthiness and its strategic importance to Mizuho.
The CreditWatch placement reflects our view that the transaction,
which we expect to occur by year-end, will enhance Greenhill's
credit profile given its acquisition by a higher-rated entity and
the expected increase in its scale.

"The CreditWatch positive placement reflects that we will likely
upgrade Greenhill following the close of its acquisition by
higher-rated Mizuho Financial Group Inc. (A-/Stable/--). We expect
Greenhill to benefit from the enhanced scale and strategic fit
following the close of the transaction. We also expect Mizuho to
either repay or assume Greenhill's outstanding debt. The
transaction is subject to approval by Greenhill stockholders,
customary closing conditions, and regulatory approvals. We expect
to resolve the CreditWatch placement when the acquisition closes.

"The CreditWatch placement with positive implications reflects that
we will likely raise our issuer credit rating on Greenhill by one
or more notches, depending on our assessment of its stand-alone
creditworthiness and its strategic importance to Mizuho, and
assuming the transaction is completed as proposed."



GUNNELS & BURTIN: James Overcash Named Subchapter V Trustee
-----------------------------------------------------------
Daniel Casamatta, Acting U.S. Trustee for Region 13, appointed
James Overcash, Esq., as Subchapter V trustee for Gunnels & Burtin,
LLC.

Mr. Overcash, a partner at Woods Aitken, LLP, will be paid an
hourly fee of $350 for his services as Subchapter V trustee and
will be reimbursed for work-related expenses incurred.

Mr. Overcash declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     James A. Overcash, Esq.
     Woods Aitken LLP
     301 South 13th Street, Suite 500
     Lincoln, NE 68508
     Phone: 402-437-8519
     Email: jovercash@woodsaitken.com

                      About Gunnels & Burtin

Gunnels & Burtin, LLC filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. D. Neb. Case No. 23-80376) on May
15, 2023, with as much as $50,000 in assets and $100,001 to
$500,000 in liabilities. Judge Thomas L. Saladino oversees the
case.

The Debtor is represented by John A. Lentz, Esq., at Lentz Law, PC,
LLO.


HALLMARK FINANCIAL: A.M. Best Withdraws ccc- Issuer Credit Rating
-----------------------------------------------------------------
AM Best has withdrawn the Long-Term Issuer Credit Rating (Long-Term
ICR) of "ccc-" (Weak) and associated Long-Term Issue Ratings
(Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark
Financial) [NASDAQ: HALL]. Concurrently, AM Best has withdrawn the
Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term
ICRs of "b+" (Marginal) of the members of Hallmark Insurance Group.
At the time of the withdrawal, all Credit Ratings (ratings) were
under review with negative implications. These companies are
headquartered in Dallas, TX, and collectively referred to as
Hallmark. (See below for a detailed listing of the companies and
ratings.)

AM Best has withdrawn these ratings as the company has requested to
no longer participate in AM Best's interactive rating process.
These ratings were downgraded on May 9, 2023, which serves as AM
Best's final ratings update, and the company has now requested to
withdraw its ratings.

The FSR of C++ (Marginal) and the Long-Term ICRs of "b+" (Marginal)
have been withdrawn for the following members of Hallmark Insurance
Group:

American Hallmark Insurance Company of Texas

Hallmark Insurance Company

Hallmark Specialty Insurance Company

Hallmark County Mutual Insurance Company

Hallmark National Insurance Company

The following Long-Term IR has been withdrawn:

Hallmark Financial Services, Inc.

- "ccc-" (Weak) on $50 million 6.25% senior unsecured notes, due
2029

The following indicative Long-Term IRs for securities available
under the shelf registration have been withdrawn:

Hallmark Financial Services, Inc.—

- "ccc-" (Weak) on senior unsecured debt

- "cc" (Very Weak) on subordinated debt

- "c" (Poor) on preferred stock


HERITAGE POWER: Taps Munsch Hardt Kopf & Harr as Conflicts Counsel
------------------------------------------------------------------
Heritage Power, LLC and its affiliates seek approval from the U.S.
Bankruptcy Court for the Southern District of Texas to hire Munsch
Hardt Kopf & Harr, P.C. as their special conflicts counsel.

The Debtors require a special conflicts counsel to represent them
in matters in which their bankruptcy counsel, Haynes and Boone,
LLP, may have a conflict with respect to or involving J. Aron &
Company, LLC.

The hourly rates charged by the firm's attorneys are as follows:

     John Cornwell   $680 per hour
     Jamil Alibhai   $680 per hour
     Brenda Funk     $625 per hour
     Alex Perez      $450 per hour
     Jordan Curry    $350 per hour

In addition, the firm will seek reimbursement for work-related
expenses incurred.

John Cornwell, Esq., at Munsch, disclosed in a court filing that
his firm is a "disinterested person" pursuant to Section 101(14) of
the Bankruptcy Code.

Munsch can be reached at:

     John D. Cornwell, Esq.
     Munsch Hardt Kopf & Harr, P.C.
     700 Milam Street, Suite 800
     Houston, TX 77002
     Phone: 713-222-1470
     Fax: 713-222-1475
     Email: jcornwell@munsch.com

                       About Heritage Power

Heritage Power, LLC and affiliates are a power company with a focus
on power generation activities in Pennsylvania, New Jersey and
Ohio.  The Debtors own or operate sixteen power generation assets
with 13 in Pennsylvania, two in New Jersey and one in Ohio.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Lead Case No. 23-90032) on Jan.
24, 2023, with $50 million to $100 million in assets and $500
million to $1 billion in liabilities. David Freysinger, president
of Heritage Power, signed the petitions.

Judge Christopher M. Lopez oversees the cases.

The Debtors tapped Haynes and Boone, LLP as bankruptcy counsel;
Munsch Hardt Kopf & Harr, P.C. as special conflicts counsel;
Alvarez and Marsal North America, LLC as restructuring and
financial advisor; and Epiq Corporate Restructuring, LLC as notice,
claims and solicitation agent.

Counsel for the ad hoc group of pre-bankruptcy lenders is Milbank,
LLP. The ad hoc group of pre-bankruptcy lenders also retained
Porter Hedges, LLP, Ross Aronstam & Moritz, LLP and Ducera
Partners, LLC as advisors.

Jefferies Finance, LLC, as administrative agent, is represented by
Latham & Watkins, LLP.

MUFG, collateral agent, is represented by Thompson Hine, LLP.

J. Aron & Company, LLC, counterparty under an ISDA master
agreement, is represented by Cleary Gottlieb Steen & Hamilton, LLP.


HMH CONSTRUCTION: Seeks to Hire BC Business Services as Accountant
------------------------------------------------------------------
HMH Construction, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Idaho to hire BC Business Services, Inc. as its
accountant.

The firm's services include general ledger assistance, consulting
services, preparation of monthly reports, and coordination with the
Debtor in the administration of its Chapter 11 case. The firm will
also set up the new books required by Chapter 11 and complete the
required reporting.

The hourly rate for Wayne Barney, owner and operator of BC
Business, is $40.

Mr. Barney disclosed in a court filing that his firm is a
"disinterested person" pursuant to Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Wayne Barney
     C Business Services, Inc.
     1310 S Vistae Ave., Ste 28
     Boise, ID 83705
     Phone: (120) 857-0057

                       About HMH Construction

HMH Construction, LLC, a company in Meridian, Idaho, filed its
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. D. Idaho Case No. 23-00191) on April 20, 2023, with
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities. John Odom, managing member, signed the petition.

Judge Joseph M. Meier presides over the case.

The Debtor tapped D. Blair Clark, Esq., at the Law Offices of D.
Blair Clark, PC as bankruptcy counsel and BC Business Services,
Inc. as accountant.


HONX INC: To Pay At Least $106-Mil. to Asbestos Victims
-------------------------------------------------------
James Nani of Bankruptcy Law reports that global oil and gas
company Hess Corp. would pay at least $106 million under a plan to
resolve hundreds of asbestos claims tied to its bankrupt
subsidiary, according to court documents.

Honx Inc.'s Chapter 11 reorganization plan filed on Thursday aims
to resolve roughly 900 current claims from workers and their
families who say they were exposed to asbestos at its former oil
refinery. The plan also aims to resolve future asbestos-related
claims.

Hess Corp. put Honx into bankruptcy in April 2022 to avoid
litigating hundreds of asbestos lawsuits tied to an oil refinery it
no longer owns.

                        About HONX Inc.

HONX Inc. is a subsidiary of Hess Corporation, a publicly-traded
global energy company. HONX is the corporate successor of Hess Oil
Virgin Islands Corporation, which owned and operated an oil
refinery in St. Croix, U.S. Virgin Islands from the beginning of
its construction in 1965 until a non-operating entity with minimal
assets consisting primarily of a 50% ownership in a joint venture
from 1998 to 2016, and post-2016 it has continued its corporate
existence solely to manage its alleged asbestos liabilities related
to the refinery.

HONX sought Chapter 11 bankruptcy protection (Bankr. S.D. Texas
Case No. 22-90035) on April 28, 2022. In the petition signed by
Todd R. Snyder, chief administrative officer, the Debtor disclosed
$10 million to $50 million in assets and $500 million to $1 billion
in liabilities.

Judge Marvin Isgur oversees the case.

The Debtor tapped Kirkland & Ellis and Jackson Walker, LLP as
bankruptcy counsels; Piper Sandler Companies/TRS Advisors, LLC as
investment banker and financial advisor; and Bates White, LLC as
asbestos consultant. Stretto, Inc. is the claims, noticing and
solicitation agent.

The Honorable Barbara J. Houser (Ret.) was appointed as the legal
representative for future asbestos claimants in this Chapter 11
case. Ms. Houser tapped Young Conaway Stargatt & Taylor, LLP as
bankruptcy counsel; O'ConnorWechsler, PLLC as local counsel; FTI
Consulting, Inc., as financial advisor; and NERA Economic
Consulting as consultant.


HORNBLOWER SUB: $349M Bank Debt Trades at 49% Discount
------------------------------------------------------
Participations in a syndicated loan under which Hornblower Sub LLC
is a borrower were trading in the secondary market around 51.4
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $349.4 million facility is a Payment in kind Term loan that is
scheduled to mature on April 27, 2025.  The amount is fully drawn
and outstanding.

Hornblower Sub, LLC is a charter yacht and public dining cruise
operator.



HYBRID PROMOTIONS: MSC Fund Marks $7.8M Loan at 18% Off
-------------------------------------------------------
MSC Income Fund, Inc has marked its $7,875,000 loan extended to
Hybrid Promotions LLC to market at $6,468,000 or 82% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in MSC Fund's Form 10-Q for the Quarterly Period ended
March 31, 2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Hybrid
Promotions LLC. The loan accrues interest at a rate of 13.10% (SF
+8.25%) per annum. The loan matures on June 30, 2026.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Hybrid Promotions LLC, doing business as Hybrid Apparel, designs,
develops, sources, produces, and distributes apparel products. The
Company offers knits, woven tops, bottoms, tees, shirts, and
accessories.


IHEARTCOMMUNICATIONS: $402M Bank Debt Trades at 22% Discount
------------------------------------------------------------
Participations in a syndicated loan under which
iHeartCommunications Inc is a borrower were trading in the
secondary market around 78.5 cents-on-the-dollar during the week
ended Friday, May 26, 2023, according to Bloomberg's Evaluated
Pricing service data.

The $402 million facility is a Term loan that is scheduled to
mature on May 1, 2026.  About $401.2 million of the loan is
withdrawn and outstanding.

iHeartCommunications, Inc. operates as a media company. The Company
offers radio and television stations, outdoor advertising displays,
and live entertainment venues such as music, news, talk, sports,
and other stations.



INDEPENDENT PET: June 29 Disclosure Statement & Plan Hearing Set
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an
order granting the request of Independent Pet Partners Holdings,
LLC, and its debtor-affiliates, and the Official Committee of
Unsecured Creditors for interim approval of Combined Disclosure
Statement and Plan, granting approval of procedures for
solicitation and tabulation of votes to accept or reject Combined
Disclosure Statement and Plan, scheduling combined hearing on final
approval of adequacy of Disclosure Statement and Confirmation of
Plan, approving form of ballot and solicitation package, approving
notice provisions, and granting related relief.

According to the Troubled Company Reporter on May 9, 2023, the
Combined Disclosure Statement and Plan is a liquidating plan for
which the Plan Proponents seek a combined hearing in accordance
with Local Rule 3017-2. The Plan Proponents believe that the
proposed Combined Disclosure Statement and Plan provides the most
efficient means to liquidate the Trust Assets, maximize the value
of the Debtors' Estates, and make distributions to Creditors.
Moreover, the Combined Disclosure Statement and Plan reflects the
terms agreed upon by the Debtors and their significant constituents
in connection with the Court-approved settlement agreement entered
into on March 17, 2023 (the "Settlement Agreement") between the
Debtors, the Committee, the Lender Group, the DIP Lenders, the
Stalking Horse Purchaser, and TPG (the "Settlement Parties").

The Settlement Agreement was the result of intense negotiations
between the Settlement Parties, which provided for, among other
things: (a) the global resolution all claims and disputes among the
Settlement Parties; (b) the waiver and extinguishment, solely for
distribution purposes, of unsecured claims of the Lender Group and
TPG under a chapter 11 plan consistent with the Settlement
Agreement; (c) the termination of the Challenge Period as
contemplated by and defined in the Final DIP Order with the
Committee's consent; (d) the filing of the Combined Disclosure
Statement and Plan; and (e) the Committee's support of the Sale.
The Settlement Agreement was approved by the Court on an interim
basis on March 24, 2023 [D.I. 346], and on a final basis on April
4, 2023.

The Plan Proponents propose this schedule:

   * The voting record date will be on May 17, 2023.

   * The deadline to Mail Solicitation Packages and all Notices
will be on May 22, 2023.

   * The deadline to Object to Claims for Voting Purposes Only
will
be on June 2, 2023 at 4:00 p.m.

   * The deadline for Creditors to File Rule 3018 Motions will be
on June 9, 2023 at 4:00 p.m.

   * The deadline to File Plan Supplement will be on June 12, 2023
at 4:00 p.m.

   * The deadline to Respond to Rule 3018 Motions will be on June
16, 2023 at 4:00 p.m.

   * The voting deadline for the Combined Disclosure Statement and
Plan will be on June 19, 2023 at 4:00 p.m.

   * The Combined Disclosure Statement and Plan Objection Deadline
will be on June 22, 2023 at 4:00 p.m.

   * The Deadline to File Reply will be on June 26, 2023 at 4:00
p.m.

   * The deadline to File Voting Tabulation Affidavit will be on
June 26, 2023 at 4:00 p.m.

   * The Combined Hearing will be on June 29, 2023 at 10:00 a.m.

Here, the Plan Proponents submit that the Combined Disclosure
Statement and Plan contains "adequate information" within the
meaning of section 1125(a)(1) of the Bankruptcy Code as the
Combined Disclosure Statement and Plan contains the information
necessary to allow Holders of Claims to make informed decisions as
to whether to vote to accept or reject the Combined Disclosure
Statement and Plan.

The Plan Proponents further submit that limited notice of the
interim approval of the Combined Disclosure Statement and Plan for
solicitation purposes only is appropriate and reasonable in these
Chapter 11 Cases. The Plan Proponents will provide notice to the
U.S. Trustee, the Committee, and all Entities that have filed a
request for service of filings in these Chapter 11 Cases pursuant
to Bankruptcy Rule 2002 and Local Rule 2002-1(b).

Counsel to the Debtors:

     Andrew L. Magaziner, Esq.
     S. Alexander Faris, Esq.
     Kristin L. McElroy, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square, 1000 North King Street
     Wilmington, DE 19801
     Telephone: (302) 571-6600
     Facsimile: (302) 571-1253
     E-mail: amagaziner@ycst.com
             afaris@ycst.com
             kmcelroy@ycst.com

          - and -

     David A. Agay, Esq.
     Marc Carmel, Esq.
     Joshua Gadharf, Esq.
     Maria G. Carr, Esq.
     Ashley Jericho, Esq.
     MCDONALD HOPKINS LLC
     300 North LaSalle Street, Suite 1400
     Chicago, IL 60654
     Telephone: (312) 280-0111
     Facsimile: (312) 280-8232
     E-mail: dagay@mcdonaldhopkins.com
             mcarmel@mcdonaldhopkins.com
             jgadharf@mcdonaldhopkins.com
             mcarr@mcdonaldhopkins.com
             ajericho@mcdonaldhopkins.com

Counsel for the Official Committee of Unsecured Creditors:

     Christopher M. Samis, Esq.
     Aaron H. Stulman, Esq.
     Elizabeth R. Schlecker, Esq.
     POTTER ANDERSON & CORROON LLP
     1313 North Market Street, 6th Floor
     Wilmington, DE 19801
     Telephone: (302) 984-6000
     E-mail: csasmis@potteranderson.com
             astulman@potteranderson.com
             eschlecker@potteranderson.com

          - and -

     James S. Carr, Esq.
     Maeghan J. McLoughlin, Esq.
     Ravi Vohra, Esq.
     KELLEY DRYE & WARREN LLP
     3 World Trade Center
     175 Greenwich Street
     New York, NY 10007
     Telephone: (212) 808-7800
     E-mail: jcarr@kelleydrye.com
             mmcloughlin@kelleydrye.com
             rvohra@kelleydrye.com

           About Independent Pet Partners Holdings

Independent Pet Partners Holdings, LLC and various affiliated
entities sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del. Lead Case No. 23-10153) on February 5, 2023.
In the petition signed by Stephen Coulombe, co-chief restructuring
officer, the Debtor disclosed up to $500 million in both assets and
liabilities.

Independent Pet Partners offers a one-stop pet experience with
healthy, high-quality food products and treats and a range of pet
services, including grooming, self-wash, pet parent education, and
veterinary services. The Debtors also sell goods through their
e-commerce platform with each of the Debtors' banners having its
own standalone website. As of the Petition Date, the Debtors
operated under four unique regional banners: Chuck and Don's,
Kriser's Natural Pet, Loyal Companion, and Natural Pawz.

Judge Laurie Selber Silverstein oversees the case.

The Debtors tapped McDonald Hopkins, LLC as general counsel, Young
Conaway Stargatt and Taylor, LLP as co-counsel, Berkeley Research
Group, LLC as co-chief restructuring officer, Houlihan Lokey
Capital, Inc. as financial advisor and investment banker, and Omni
Agent Solutions as notice, claims, and balloting agent.

CION Investment Corporation; Main Street Capital Corporation; MCS
Income Fund, Inc.; Newstone Capital Partners III, L.P; Newstone
Capital Partners III-A, L.P.; and Newstone Capital Partners III-B,
L.P., as DIP Lenders and Prepetition Lenders, are represented by
Dechert LLP.

Co-counsel to the DIP Lenders and Prepetition Lenders is Richards,
Layton & Finger, P.A.

Acquiom Agency Services, LLC, as administrative and collateral
agent under the DIP facility and as Prepetition ABL Agent, and
Prepetition Priming Agent, is represented by Paul Hastings, LLP.

Wilmington Trust, National Association, as Prepetition DDTL Agent,
is represented by Arnold & Porter Kaye Scholer LLP.


INDEPENDENT PET: MSC Fund Marks $10.9M Loan at 67% Off
------------------------------------------------------
MSC Income Fund, Inc has marked its $10,902,000 loan extended to
Independent Pet Partners Intermediate Holdings, LLC to market at
$3,556,000 or 33% of the outstanding amount, as of March 31, 2023,
according to a disclosure contained in MSC Fund's Form 10-Q for the
Quarterly Period ended March 31, 2023, filed with the Securities
and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Independent Pet
Partners Intermediate Holdings, LLC. The loan accrues interest at a
rate of 6% (Payment in Kind) per annum. The loan matures on
November 20, 2023.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Independent Pet Partners (IPP) is a digital, retail, educational
and services platform for holistic pet wellness comprised of two
independent brands: Chuck & Don's and Kriser's Natural Pet.


INDEPENDENT PET: Unsecureds Owed $10M to Get 11.4% Under Plan
-------------------------------------------------------------
Independent Pet Partners Holdings, LLC, et al., submitted a
Combined Disclosure Statement and Chapter 11 Plan of Liquidation.

The Combined Disclosure Statement and Plan is a liquidating chapter
11 plan.  The Plan is premised upon maximizing the liquidation
value of the Assets to benefit creditors.  Specifically, the Plan
provides for the creation of the trust for the benefit of creditors
(i.e., the Trust), which will be funded with the Wind-Down Amount.


On the Effective Date, the Trust will also receive a 40% recovery
of the amount of any employee tax credit (the "Tax Credit") to
which the Estates are entitled, net of reasonable and documented
fees and expenses necessary to monetize the Tax Credit ("Net
Recovery"), with the remaining 60% of the Net Recovery to be
provided to the Lender Group in accordance with the Settlement
Agreement.

The dates and deadlines in connection with the solication of votes
on the Plan are:

   * The voting record date will be on May 17, 2023.  

   * The deadline to mail solicitation packages and all notices
will be on May 22, 2023.  

   * The deadline to object to claims for voting purposes only will
be on June 2, 2023 at 4:00 p.m.  

   * The deadline to file Plan Supplement will be on June 12, 2023
at 4:00 p.m.  The deadline for Creditors to file Rule 3018(a)
Motions will be on June 16, 2023 at 4:00 p.m.  

   * The voting deadline for the Combined Disclosure Statement and
Plan will be on June 19, 2023 at 4:00 p.m.

   * The combined Disclosure Statement and Plan objection deadline
will be on June 22, 2023 at 4:00 p.m.  

   * The deadline to respond to Rule 3018(a) Motions will be on
June 23, 2023 at 4:00 p.m.  

   * The combined hearing on the Disclosure Statement and Plan will
be on June 29, 2023 at 10:00 a.m.

The Debtors, with the assistance of their advisors, and in
consultation with the Prepetition Lender Group, undertook immediate
steps to effectuate a balance street restructuring and consolidate
the Debtors' store footprint.  The Prepetition Lender Group
informed the Debtors that they would not support additional
maturity date extensions of the Secured Credit Facilities coming
due in February 2023.

As of Dec. 15, 2022, the Debtors had not received any executable
offers to purchase their business as going concern, significantly
dimming the Debtors' prospects for identifying an out-of-court
solution.  Thereafter, on or about Dec. 28, 2022, the Debtors
retained BRG to, among other things, provide Chief Restructuring
Officer services, work with management to manage cash and
liquidity, assist with a potential sale process, engage with
creditors and other stakeholders and provide contingency planning.
Thereafter, on Jan. 19, 2023, the Debtors retained Young Conaway
Stargatt & Taylor, LLP, as Delaware bankruptcy counsel.

                      Sale to Lender Group

Following extensive discussions and negotiations between the
Debtors, the Lender Group, and their respective advisors, the
Lender Group offered to credit bid $60,000,000 of debt and serve as
the Stalking Horse Bidder for the purchase of the Go-Forward
Business as part of a sale process under Section 363 of the
Bankruptcy Code.  

More specifically, the Lender Group offered to purchase the assets
comprising 66 of the Debtors' core, high-performing stores in
Colorado, Illinois, Kansas, Minnesota and Wisconsin as a going
concern.  The Debtors, in their business judgment, after consulting
with their advisors, made the difficult decision to close down and
liquidate their remaining 93 stores, reducing the Debtors'
footprint from 13 to 5 states, the result of which was the
discontinuance of the Debtors' Natural Pawz and Loyal Companion
banners.

The Debtors did not receive any timely qualifying bids other than
the Stalking Horse Agreement. Therefore, in accordance with the
Bidding Procedures, the auction for the sale of the Assets was
canceled.  On April 4, 2023, the Bankruptcy Court entered an order
approving the sale of substantially all of the Debtors' assets to
the Stalking Horse Purchaser.  On April 7, 2023, the Debtors and
the Stalking Horse Purchaser closed the sale.

                         11.4% Recovery

Class 3 General Unsecured Claims total $10,663,000 will recover
11.4% of claims. Each Holder of an Allowed General Unsecured Claim
shall receive a Trust Interest, which shall entitle each Holder
thereof to its Pro Rata share of Trust Assets after satisfaction in
full of Allowed Administrative Claims, Allowed Other Secured
Claims, Allowed Priority Tax Claims, Allowed Priority Non-Tax
Claims, and payment of, or provision for, all Trust Expenses.
Holders of Secured Credit Facilities shall not receive any
Distributions from Allowed General Unsecured Claims on account of
the Deficiency Claims or on account of such Secured Credit
Facilities. Upon the Effective Date, TPG will waive all amounts of
its General Unsecured Claim against the Estates under its
management services agreement. Class 3 is impaired.

The Combined Disclosure Statement and Plan will be implemented by
the Debtors and the Trust in a manner consistent with the terms and
conditions set forth in this Combined Disclosure Statement and
Plan, the Confirmation Order, and the Trust Agreement.  The Trust
Agreement will be prepared by the Professionals retained by the
Committee and will be included in the Plan Supplement.

Counsel to the Debtors:

     Andrew L. Magaziner, Esq.
     S. Alexander Faris, Esq.
     Kristin L. McElroy, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     1000 North King Street
     Wilmington, DE 19801
     Telephone: (302) 571-6600
     E-mail: amagaziner@ycst.com
             afaris@ycst.com
             kmcelroy@ycst.com

          - and -

     David A. Agay, Esq.
     Marc Carmel, Esq.
     Joshua Gadharf, Esq.
     Maria G. Carr, Esq.
     Ashley Jericho, Esq.
     MCDONALD HOPKINS LLC
     300 North LaSalle Street, Suite 1400
     Chicago, IL 60654
     Telephone: (312) 280-0111
     E-mail: dagay@mcdonaldhopkins.com
             mcarmel@mcdonaldhopkins.com
             jgadharf@mcdonadlhopkins.com
             mcarr@mcdonaldhopkins.com
             ajericho@mcdonaldhopkins.com

Counsel for the Official Committee of Unsecured Creditors:

     Christopher M. Samis, Esq.
     Aaron H. Stulman, Esq.
     Elizabeth R. Schlecker, Esq.
     POTTER ANDERSON & CORROON LLP
     1313 North Market Street, 6th Floor
     Wilmington, DE 19801
     Telephone: (302) 984-6000
     E-mail: csasmis@potteranderson.com
             astulman@potteranderson.com
             eschlecker@potteranderson.com

          - and -

     James S. Carr, Esq.
     Maeghan J. McLoughlin, Esq.
     Ravi Vohra, Esq.
     KELLEY DRYE & WARREN LLP
     3 World Trade Center, 175 Greenwich Street
     New York, NY 10007
     Telephone: (212) 808-7800
     E-mail: jcarr@kelleydrye.com
             mmcloughlin@kelleydrye.com
             rvohra@kelleydrye.com

A copy of the Combined Disclosure Statement and Chapter 11 Plan of
Liquidation dated May 19, 2023, is available at bit.ly/3BJFOe2 from
omniagentsolutions, the claims agent.

              About Independent Pet Partners Holdings

Independent Pet Partners Holdings, LLC and various affiliated
entities sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del. Lead Case No. 23-10153) on February 5, 2023.
In the petition signed by Stephen Coulombe, co-chief restructuring
officer, the Debtor disclosed up to $500 million in both assets and
liabilities.

Independent Pet Partners offers a one-stop pet experience with
healthy, high-quality food products and treats and a range of pet
services, including grooming, self-wash, pet parent education, and
veterinary services. The Debtors also sell goods through their
e-commerce platform with each of the Debtors' banners having its
own standalone website. As of the Petition Date, the Debtors
operated under four unique regional banners: Chuck and Don's,
Kriser's Natural Pet, Loyal Companion, and Natural Pawz.

Judge Laurie Selber Silverstein oversees the case.

The Debtors tapped McDonald Hopkins, LLC as general counsel, Young
Conaway Stargatt and Taylor, LLP as co-counsel, Berkeley Research
Group, LLC as co-chief restructuring officer, Houlihan Lokey
Capital, Inc. as financial advisor and investment banker, and Omni
Agent Solutions as notice, claims, and balloting agent.

CION Investment Corporation; Main Street Capital Corporation; MCS
Income Fund, Inc.; Newstone Capital Partners III, L.P; Newstone
Capital Partners III-A, L.P.; and Newstone Capital Partners III-B,
L.P., as DIP Lenders and Prepetition Lenders, are represented by
Dechert LLP.

Co-counsel to the DIP Lenders and Prepetition Lenders is Richards,
Layton & Finger, P.A.

Acquiom Agency Services, LLC, as administrative and collateral
agent under the DIP facility and as Prepetition ABL Agent, and
Prepetition Priming Agent, is represented by Paul Hastings, LLP.

Wilmington Trust, National Association, as Prepetition DDTL Agent,
is represented by Arnold & Porter Kaye Scholer LLP.


INDRA HOLDINGS: $50M Bank Debt Trades at 50% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Indra Holdings Corp
is a borrower were trading in the secondary market around 50
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $50 million facility is a Term loan that is scheduled to mature
on December 23, 2024.  The amount is fully drawn and outstanding.

Indra Holdings Corp was founded in 2014. The company's line of
business includes holding or owning securities of companies other
than banks.




INMET MINING: Committee Taps Dentons Bingham Greenebaum as Counsel
------------------------------------------------------------------
The official committee of unsecured creditors of Inmet Mining, LLC
seeks approval from the U.S. Bankruptcy Court for the Eastern
District of Kentucky to employ Dentons Bingham Greenebaum, LLP as
its legal counsel.

The Debtor requires legal counsel to:

     a. give advice with respect to the committee's rights, duties
and powers in the Debtor's Chapter 11 case;

     b. assist the committee in its consultations with the Debtor
relating to the administration of the case;

     c. assist the committee in analyzing the claims of creditors
and the Debtor's capital structure, and in negotiating with the
holders of claims and, if appropriate, equity interests;

     d. assist in the committee's investigation of the acts,
conduct, assets, liabilities and financial condition of the Debtor
and other parties involved with the Debtor, and of the operation of
the Debtor's business;

     e. assist the committee in its analysis of, and negotiations
with the Debtor or any other third party concerning matters related
to, among other things, the assumption or rejection of certain
leases of non-residential real property and executory contracts,
asset dispositions, financing transactions and the terms of a plan
of reorganization or liquidation for the Debtor;

     f. advise the committee as to its communications, if any, to
the general creditor body regarding significant matters in this
case;

     g. represent the committee at all hearings and other
proceedings;

     h. review, analyze, and advise the committee with respect to
applications, orders, statements of operations and schedules filed
with the court;

     i. assist the committee in preparing pleadings and
applications as may be necessary in furtherance of the committee's
interests and objectives; and

     j. perform other legal services.  

The firm will be paid at these rates:

     Partners     $475 to $650 per hour
     Associates   $365 per hour
     Paralegals   $215 per hour

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

James Irving, Esq., a partner at Dentons, disclosed in a court
filing that his firm is a "disinterested person" pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

          James R. Irving, Esq.
          Dentons Bingham Greenebaum LLP
          3500 PNC Tower, 101 S. Fifth Street
          Louisville, KY 40202
          Telephone: (502) 587-3606
          Email: james.irving@dentons.com
                 april.wimberg@dentons.com

                       About Inmet Mining

Inmet Mining, LLC is a company in Knoxville, Tenn., which operates
in the coal mining industry.

Inmet Mining sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Ky. Case No. 23-70113) on April 5, 2023, with $50
million to $100 million in assets and $100 million to $500 million
in liabilities. Jeffrey Strobel, chief restructuring officer,
signed the petition.

Judge Gregory R. Schaaf oversees the case.

Jeffrey Phillips, Esq., at Steptoe & Johnson, PLLC is the Debtor's
legal counsel.

Paul Randolph, Acting U.S. Trustee for Region 8, appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case. Dentons Bingham Greenebaum, LLP and Whiteford,
Taylor & Preston, LLP serve as the committee's legal counsels.


INMET MINING: Committee Taps Whiteford as Co-Counsel
----------------------------------------------------
The official committee of unsecured creditors of Inmet Mining, LLC
seeks approval from the U.S. Bankruptcy Court for the Eastern
District of Kentucky to employ Whiteford, Taylor & Preston, LLP as
co-counsel with Dentons Bingham Greenebaum, LLP.

The firm's services include:

     a. advising the committee regarding its rights, powers and
duties;

     b. attending meetings and negotiating with representatives of
the Debtor, creditors, equity holders, employees and other parties
involved in the Debtor's Chapter 11 case;

     c. preparing and filing legal papers;

     d. appearing before the bankruptcy court, other courts, and
the Office of the U.S. Trustee;

     e. advising the committee regarding any contemplated sale of
assets or business combinations including the negotiation of asset
sales, formulation and implementation of bidding procedures,
evaluation of competing offers and drafting of appropriate
documents regarding proposed sales;

     f. advising the committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtor, the
Debtor's operations and the desirability of the continuance of any
portion of those operations, and any other matters relevant to this
case or to the formulation of a Chapter 11 plan;

     g. advising the committee on the issues concerning the
appointment of a trustee or examiner under Section 1104 of the
Bankruptcy Code;

     h. advising the committee in the evaluation of claims and on
any litigation matters, including avoidance actions and claims
against directors and officers and any other party;

     i. advising the committee regarding pre-bankruptcy and
post-petition financing and cash collateral arrangements, and
negotiating documents relating thereto;

     j. advising the committee on matters relating to the Debtor's
assumption, assumption and assignment, and rejection of executory
contracts and unexpired leases;

     k. advising the committee on matters relating to the ordinary
course of business including employment, tax, environmental,
banking, insurance, corporate, business operation, contracts, real
and personal property, and regulatory matters;

     l. reviewing the nature and validity of any liens asserted
against the Debtor's property and advising the committee concerning
the enforceability of such liens;

     m. negotiating and participating in the preparation of the
Debtor's plan of reorganization, disclosure statement and other
related documents, and seeking confirmation of such plan; and

     n. other necessary legal services.  

The firm will be paid at these rates:

     Partners and counsel   $510 to $795 per hour
     Associates             $350 to $470 per hour
     Paraprofessionals      $365 per hour to $415 per hour

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

Michael Roeschenthaler, Esq., a partner at Whiteford, disclosed in
a court filing that his firm is a "disinterested person" pursuant
to Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Michael J. Roeschenthaler, Esq.
     Whiteford, Taylor & Preston, LLP
     11 Stanwix Street, Suite 1400
     Pittsburgh, PA 15222
     Tel: (412) 618-5600
     Email: MRoeschenthaler@whitefordlaw.com

                       About Inmet Mining

Inmet Mining, LLC is a company in Knoxville, Tenn., which operates
in the coal mining industry.

Inmet Mining sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. Ky. Case No. 23-70113) on April 5, 2023, with $50
million to $100 million in assets and $100 million to $500 million
in liabilities. Jeffrey Strobel, chief restructuring officer,
signed the petition.

Judge Gregory R. Schaaf oversees the case.

Jeffrey Phillips, Esq., at Steptoe & Johnson, PLLC is the Debtor's
legal counsel.

Paul Randolph, Acting U.S. Trustee for Region 8, appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case. Dentons Bingham Greenebaum, LLP and Whiteford,
Taylor & Preston, LLP serve as the committee's legal counsels.


INSTANT BRANDS: $450M Bank Debt Trades at 72% Discount
------------------------------------------------------
Participations in a syndicated loan under which Instant Brands
Holdings Inc is a borrower were trading in the secondary market
around 28 cents-on-the-dollar during the week ended Friday, May 26,
2023, according to Bloomberg's Evaluated Pricing service data.

The $450 million facility is a Term loan that is scheduled to
mature on April 12, 2028.  About $391.1 million of the loan is
withdrawn and outstanding.

Instant Brands Holdings Inc. designs, manufactures and markets
kitchen products. The Company offers bakeware, dinnerware, kitchen,
and household tools for storage and cutlery.



INTEGRATED EFFIECIENCY: Franklin BSP Marks $1.6M Loan at 50% Off
----------------------------------------------------------------
Franklin BSP Lending Corp has marked its $1,627,000 loan extended
to Integrated Efficiency Solutions, Inc to market at $815,000 or
50% of the outstanding amount, as of March 31, 2023, according to a
disclosure contained in Franklin BSP's Form 10-Q for the Quarterly
Period ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Integrated Efficiency Solutions, Inc. The loan accrues
interest at a rate of 10% per annum. The loan matures on December
31, 2026.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Integrated Efficiency Solutions provides energy and water
efficiency solutions.


INTERMEDIA HOLDINGS: MSC Fund Marks $10.8M Loan at 23% Off
----------------------------------------------------------
MSC Income Fund, Inc has marked its $5,596,000 loan extended to
Intermedia Holdings, Inc to market at $4,309,000 or 77% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in MSC Fund's Form 10-Q for the Quarterly Period ended
March 31, 2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Intermedia
Holdings, Inc. The loan accrues interest at a rate of 10.84% (L
+6%) per annum. The loan matures on July 19, 2025.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Based in Sunnyvale, Calif., Intermedia is a provider of cloud-based
communications, collaboration, security and productivity software
solutions for businesses. Products include cloud voice,
ContactCenter as a Service (CCaaS), web/video/content sharing and
conferencing, file backup, sync and share, business e-mail,
archiving and security.  



JIM'S ALL SEASONS: Seeks to Hire Forbes Law as Counsel
------------------------------------------------------
Jim's All Seasons LLC filed an amended application seeking approval
from the U.S. Bankruptcy Court for the Northern District of Ohio to
hire Glenn E. Forbes, Esq. and Forbes Law LLC as attorneys.

Services to be rendered by Forbes Law are:

     a. advise the Debtor as to its rights, duties and powers as a
Debtor in possession;

     b. prepare and file the Statements, Schedules, Plans and other
documents and pleadings necessary to be filed by the Debtor in this
case;

     c. represent the Debtor at all hearings, meetings of
creditors, conferences, trials, and other proceedings in this case;
and

     d. perform other legal services as may be necessary in
connection with this case.

The firm will bill these hourly rates:

     Attorneys      $325
     Associates     $225
     Paralegals     $150

Forbes Law received a retainer fee of $7,017.

Glenn E. Forbes, Esq. attests that he and his law firm are
disinterested persons, as that term is defined in the Bankruptcy
Code, and do not hold or represent an interest adverse to the
estate with respect to the matter on which they are proposed to be
employed.

The counsel can be reached through:

     Glenn E. Forbes, Esq.
     FORBES LAW LLC
     166 Main Street
     Painesville, OH 44077
     Phone: 440-357-6211
     Fax: 440-357-1634
     E-mail: gforbed@geflaw.net
            bankruptcy@geflaw.net

                       About Jim's All Seasons

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.   


KEYSTONE GAS: Unsecureds Owed $1.18M to Get 13% Under Plan
----------------------------------------------------------
Judge Sarah A. Hall has entered an order approving the Disclosure
Statement of Keystone Gas Corporation.

June 21, 2023, at 4:00 p.m., prevailing Central time is fixed as
the last day for filing written acceptances or rejections of the
Plan referred to above.

July 11, 2023, at 9:30 a.m., prevailing Central time is fixed for
the hearing on confirmation of the Plan, which will be held in the
sixth-floor courtroom of the Honorable Sarah A. Hall, 215 Dean A
McGee Ave., Oklahoma City, Oklahoma.

June 21, 2023, at 4:00 p.m. prevailing Central time is fixed as the
last day for filing and serving written objections to confirmation
of the Plan.

                        Reorganization Plan

Keystone Gas Corporation submitted a Fourth Amended Disclosure
Statement in support of Plan of Reorganization.

Keystone Gas Corporation was incorporated on Oct. 2, 1998, in the
State of Oklahoma. The Debtor owns and operates pipeline and other
assets related to the gathering and processing of natural gas in
Creek, Lincoln, Logan, Payne, Pawnee, Osage, and surrounding
counties in the State of Oklahoma.

The Debtor's assets as of the Petition Date are set forth in the
Bankruptcy Schedules.  Such assets include:

  (a) Cash and Cash Equivalents;

  (b) Bonds, including bonds held by the State of Oklahoma and
other governing entities related to the Debtor's business
operations;

  (c) Accounts Receivable;

  (d) Real Estate, including real estate located at 48061 W. 51st
Street S., Jennings, OK 74038 (Creek County);

  (e) Real Estate Improvements, including land and land
improvements located at (i) 3212 N. Norfolk Road, Cushing, OK 74023
(Payne County), (ii) E. Lone Chimney Road, Payne County, OK, and
(iii) and S. Council Creek Road, Payne County, OK, consisting of
building structures built to shelter and protect compressor
stations on real estate the Debtor leases;

  (f) Pipeline Right of Way, including rights of way associated
with approximately 765 Miles of Active Pipe and 943 Miles of
Inactive Pipe;

  (g) Pipeline, consisting of approximately 1,378 total miles of
steel pipe and approximately 58 miles of marketable, large diameter
pipe;

  (h) Compressors, including approximately 24 compressors and
compressor locations in multiple counties;

  (i) Inactive Oil & Gas Leases of unknown value located in Lincoln
County, OK; and

  (j) Vehicles, including approximately 27 vehicles in various
conditions.

The Keystone gathering system has two primary sources of revenue:
(1) the sale of natural gas, and (2) the sale of hydrocarbon
Liquids.

Under the Plan, Class 8 Unsecured Claims of Producers total $260,00
and will recover 13% of their claims.  Each holder of an Allowed
Producer Claim shall receive, in full and final satisfaction of
such claim, on or before the one-year anniversary of the Effective
Date, its Pro Rata share (taking into account the total amount of
Allowed Claims in Classes 8 and 9) of the GUC Cash.  Class 8 is
impaired.

Class 9 General Unsecured Creditors total $1.18 million and will
recover 13% of their claims.  Each holder of an Allowed General
Unsecured Claim shall receive in full and final satisfaction of
such claim, on or before the one-year anniversary of the Effective
Date, its Pro Rata share (taking into account the total amount of
Allowed Claims in Classes 8 and 9) of the GUC Cash.  Class 9 is
impaired.

On or before the Effective Date, the Debtor shall effect the
following Restructuring Transactions and execute all agreements,
instruments, and other documents necessary to complete such
transactions in the order specified:

   1. On or prior to the Effective Date, Navitas and Southern
Kentucky shall form and capitalize ProcessingCo. The capital
structure of ProcessingCo shall include and require the following:


      a. Navitas shall contribute (i) the Navitas Prepetition Loan,
and (ii) $350,000 cash to ProcessingCo in exchange for 49% of the
equity interests in ProcessingCo; and

      b. Southern Kentucky shall contribute (i) the Post-Petition
DIP Loan and (ii) $350,000 cash to ProcessingCo in exchange 51% of
the equity interests in ProcessingCo.

   2. On the Effective Date, ProcessingCo shall purchase the New
Common Shares and the Octagon System in exchange for forgiveness of
the Navitas Prepetition Loan and the Recapitalization Cash.  The
Debtor or Reorganized Debtor, as applicable, is authorized to issue
all Plan-related securities and documents, including, without
limitation, the New Common Shares, without the need for any further
corporate, partnership, or limited liability action.  Additionally,
on the Effective Date, ProcessingCo shall purchase the Processing
Assets from the Debtor (the "Sale Transaction") in exchange for
forgiveness of the Post-Petition DIP Loan and the Sale Transaction
Cash.

The Plan will be funded through (1) the Recapitalization Cash
received as partial consideration for the purchase of the New
Common Shares, (2) the Sale Transaction Cash received as partial
consideration for the purchase of the Processing Assets, (3) cash
on hand, and (4) payments over time from continued operations of
the Reorganized Debtor.

Counsel for the Debtor:

     Megan F. Clontz, Esq.
     5700 Granite Parkway, Suite 650
     Plano, TX 75024
     Telephone: (972) 324-0300
     Facsimile: (972) 324-0301
     E-mail: mclontz@spencerfane.com

          - and -

     Jason P. Kathman, Esq.
     5700 Granite Parkway, Suite 650
     Plano, TX 75024
     Telephone: (972) 324-0300
     Facsimile: (972) 324-0301
     E-mail: jkathman@spencerfane.com

          - and -

     Anthony J. Ferate, Esq.
     9400 N. Broadway Extension, Suite 600
     Oklahoma City, OK 73114
     Telephone: (405) 844-9900
     Facsimile: (405) 844-9958
     E-mail: ajferate@spencerfane.com

A copy of the Order dated May 19, 2023, is available at
bit.ly/3OyQNi2 from PacerMonitor.com.

A copy of the Disclosure Statement dated May 19, 2023, is available
at bit.ly/45ldEUa from PacerMonitor.com.

                  About Keystone Gas Corporation

Keystone Gas Corporation, a utility service provider in Drumright,
Okla., sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Okla. Case No. 22-12088) on Sept. 14, 2022. At
the time of the filing, the Debtor reported $1 million to $10
million in both assets and liabilities.

Judge Sarah A. Hall oversees the case.

The Debtor tapped Spencer Fane, LLP as legal counsel and HBC CPAs &
Advisors as accountant.


LAKELAND TOURS: Franklin BSP Marks $5.7M Loan at 15% Off
--------------------------------------------------------
Franklin BSP Lending Corp has marked its $5,709,000 loan extended
to Lakeland Tours LLC to market at $4,282,000 or 75% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission on May 12, 2023.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Lakeland Tours LLC.  The loan accrues interest at a rate of
13.25% Payment In Kind per annum. The loan matures on September 25,
2027.

Franklin BSP Lending Corporation is an externally managed,
non-diversified closed-end management investment company
incorporated in Maryland in May 2010 that has elected to be
regulated as a business development company (BDC) under the
Investment Company Act of 1940, as amended (the 1940 Act). In
addition, the Company has elected to be treated for tax purposes as
a regulated investment company (RIC) under Subchapter M of the
Internal Revenue Code of 1986, as amended (the Code).  The
Company's investment activities are managed by Franklin BSP Lending
Adviser, L.L.C. (the Adviser), a subsidiary of Benefit Street
Partners L.L.C. (BSP) and supervised by the Company's Board of
Directors (Board or Board of Directors), a majority of who are
independent of the Adviser and its affiliates.

Lakeland Tours LLC provides educational student travel programs.
The Company offers history, science, discoveries, onstage, sports,
and career-focused travel opportunities.


LAKEVIEW HEALTH: Franklin BSP Marks $1.7M Loan at 68% Off
---------------------------------------------------------
Franklin BSP Lending Corp has marked its $1,780,000 loan extended
to Lakeview Health Holdings, Inc. to market at $563,000 or 32% of
the outstanding amount, as of March 31, 2023, according to a
disclosure contained in Franklin BSP's Form 10-Q for the Quarterly
Period ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Lakeview Health Holdings, Inc. The loan accrues interest at
a rate of 12.50% (P+ 4.50%, Payment In Kind) per annum. The loan
matures on October 15, 2024.

Franklin BSP said the loan is on non-accrual status as of March
31.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Lakeview Health Holdings, Inc is an operator of drug and alcohol
rehabilitation center located in Jacksonville, Florida. The company
offers personalized care using a multidisciplinary approach,
incorporating medical, psychiatric, psychosocial and clinical
treatments, allowing patients to move successfully toward a life in
recovery.  



LANNETT COMPANY: Crossover Group Taps Sullivan, A&C as Attorneys
----------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the Ad Hoc Group of First Lien Holders and Second Lien Holders
filed a verified statement in the Chapter 11 cases of Lannett
Company, Inc., et al.

As of May 22, the members of the Crossover Group and their economic
interests are:

   (i) Brigade Capital Management, LP, on behalf of its managed
funds and accounts
       * First Lien Notes Claims: $5,000,000
       * Second Lien Term Loan Claims: $162,757,489.50

  (ii) Beach Point Capital Management LP, on behalf of its managed
funds and accounts
       * First Lien Notes Claims: $152,055,000
       * Second Lien Term Loan Claims: $57,411,118.56
       * Equity Interests: 544,730 Warrant Shares

(iii) Deerfield anagement Company, on behalf of its managed funds
and accounts.
       * First Lien Notes Claims: $143,254,000

In or around March 2023, the Crossover Group retained Sullivan &
Cromwell LLP to represent its interests in the Chapter 11 Cases.
In or around April 2023, the Crossover Group also retained Potter
Anderson & Corroon LLP to serve as Delaware counsel.

Counsel for the Crossover Group can be reached at:

        Christopher M. Samis
        R. Stephen McNeill (No. 5210)
        Aaron H. Stulman
        Katelin A. Morales
        POTTER ANDERSON & CORROON LLP
        1313 North Market Street, 6th Floor
        Wilmington, DE 19801
        Telephone: (302) 984-6000
        Facsimile: (302) 658-1192
        E-mail: csamis@potteranderson.com
                rmcneill@potteranderson.com
                astulman@potteranderson.com
                kmorales@potteranderson.com

             - and -

        Ari B. Blaut, Esq.
        Benjamin S. Beller, Esq.
        David M. Rosenthal, Esq.
        SULLIVAN & CROMWELL LLP
        125 Broad Street
        New York, NY 10004-2498
        Telephone: (212) 558-4000
        Facsimile: (212) 558-3588
        E-mail: blauta@sullcrom.com
                bellerb@sullcrom.com
                rosenthald@sullcrom.com

                     About Lannett Co. Inc.

Founded in 1942, Lannett Company, Inc. -- http://www.lannett.com/
-- develops, manufactures, packages, markets and distributes
generic pharmaceutical products for a wide range of medical
indications.

Lannett and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10559) on
May 3, 2023. Lannett disclosed total assets of $334,600,000 and
total debt of $708,940,000 as of March 31, 2023.

Judge J. Kate Stickles oversees the cases.

The Debtors tapped Kirkland & Ellis International, LLP as
bankruptcy counsel; Fox Rothschild, LLP as local counsel; FTI
Consulting, Inc. as financial advisor; and Guggenheim Securities,
Inc. as investment banker; and Street Advisory Group as
communications advisor. Omni Agent Solutions is the claims agent.

Secured creditors are being advised by Sullivan & Cromwell LLP as
legal counsel and Houlihan Lokey Inc. as financial advisor.


LIFESCAN GLOBAL: $1.48B Bank Debt Trades at 18% Discount
--------------------------------------------------------
Participations in a syndicated loan under which LifeScan Global
Corp is a borrower were trading in the secondary market around 82.4
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.48 billion facility is a Term loan that is scheduled to
mature on October 1, 2024.  The amount is fully drawn and
outstanding.

Lifescan Global Corporation is a provider of blood glucose
monitoring systems for home and hospital use.



LOGIX ACQUISITION: MSC Fund Marks $9.5M Loan at 18% Off
-------------------------------------------------------
MSC Income Fund, Inc has marked its $9,506,000 loan extended to
Logix Acquisition Company, LLC to market at $7,783,000 or 82% of
the outstanding amount, as of March 31, 2023, according to a
disclosure contained in MSC Fund's Form 10-Q for the Quarterly
Period ended March 31, 2023, filed with the Securities and Exchange
Commission.

MSC Fund is a participant in a Secured Debt Loan to Logix
Acquisition Company, LLC. The loan accrues interest at a rate of
10.59% (L +5.75%) per annum. The loan matures on December 22,
2024.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Logix Acquisition Company, LLC is a competitive Local Exchange
Carrier.  



LYONS MAGNUS: $285M Bank Debt Trades at 27% Discount
----------------------------------------------------
Participations in a syndicated loan under which Lyons Magnus Inc is
a borrower were trading in the secondary market around 73.1
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $285 million facility is a Term loan that is scheduled to
mature on November 14, 2024.  The amount is fully drawn and
outstanding.

Lyons Magnus Inc produces and markets food products.



M.A.R. DESIGNS: Unsecured Creditors to Get 20% Payout in Plan
-------------------------------------------------------------
M.A.R. Designs & Construction, Inc., submitted a Subchapter V Plan
of Reorganization.

The primary asset of the Debtor is real estate located in Hidalgo
County, Texas.  The Debtor owns 21 developed lots in the M.A.R.
Subdivision of Hidalgo County, Texas at 3421 N. Shary Rd. Mission,
Texas, an apartment 4 plex in Pharr, Texas, and a 1.8 undivided
tract on Shary Road at 3421 N. Shary Rd. Mission, Texas.

The Debtor believes that its assets are sufficient to fund an
effective feasible plan.  The Debtor has provided its asset
valuation analysis that shows $2,430,226 in total assets, most of
which are real estate lots.  The secured claim totals are $668,078
while the Priority claims are $2,606.  Paying out all Secured and
priority claims would leave $1,759,041 to the unsecureds.

The Debtor has provided projected financial information that it
believes can be achieved if the Court allows him to sell the real
estate assets of the estate over a 5-year plan.  The Debtor has
filed a motion to sell one property of the estate for $390,000 and
it is very likely based on calls to counsel that the inventory of
real estate could be sold in certainly less than 2 years.

The Debtor after deliberate consideration of the unsecured
creditors' claims and their alleged facts, if any, does not believe
that every unsecured creditor claim will eventually be allowed.
Under the Debtor's plan, the unsecured creditor fund as per the
5-year projection is expected to amount to $2,591,936 or 20%
payout, if every unsecured creditor claim is allowed.

Under the Plan, Class 3 Unsecured General Claims are impaired.

The payments contemplated in this Plan will be funded from the sale
and/or collection from the liquidation of all of the Debtor's
assets by the Subchapter V Trustee.

Counsel for the Debtor:

     Antonio Martinez, Jr., Esq.
     LAW OFFICE OF ANTONIO MARTINEZ, JR., P.C.
     515 West Nolana St., Suite B
     McAllen, TX 78504
     Tel: (956) 789-5393
     E-mail: martinez.tony.jr@gmail.com

A copy of the Plan of Reorganization dated May 19, 2023, is
available at bit.ly/3IwGcR8 from PacerMonitor.com.

              About M.A.R. Designs & Construction

M.A.R. Designs & Construction, Inc., sought protection for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Case No.
23-70001) on Jan. 1, 2023, with as much as $1 million in both
assets and liabilities.

Judge Eduardo V. Rodriguez oversees the case.

The Law Office of Antonio Martinez, Jr., P.C., and Carr Riggs &
Ingram, LLC, serve as the Debtor's legal counsel and accountant,
respectively.


MADERA COMMUNITY: Comm. Taps Sills Cummis & Gross as Co-Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Madera Community
Hospital received approval from the U.S. Bankruptcy Court for the
Eastern District of California to employ Sills Cummis & Gross P.C.
as its counsel.

The committee requires legal counsel to:

     a. provide advice regarding the committee's rights, powers,
and duties in the Debtor's Chapter 11 case.

     b. prepare legal papers.

     c. represent the committee in matters arising in the case,
including any dispute or issue with the Debtor or other third
parties.

     d. appear at hearings and other proceedings;

     e. assist the committee in its investigation and analysis of
the Debtor, its capital structure, and issues arising in or related
to the case.

     f. represent the committee in all aspects of any sale and
bankruptcy plan confirmation proceedings.

     g. perform other necessary legal services.

The hourly rates of the firm's attorneys and staff are as follows:

     Andrew H. Sherman, Member       $995
     Boris I. Mankovetskiy, Member   $875
     Daniel J. Harris, Of Counsel    $775
     Gregory Kopacz, Associate       $725
     Members                      $625 - $995
     Of Counsels                  $525 - $795
     Associates                   $350 - $595
     Paralegals                   $275 - $305

In addition, the firm will seek reimbursement for expenses
incurred.

Andrew Sherman, Esq., a member of Sills Cummis & Gross, disclosed
in a court filing that his firm is a "disinterested person" as that
term is defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Andrew H. Sherman, Esq.
     Boris I. Mankovetskiy, Esq.
     Sills Cummis & Gross, P.C.
     One Riverfront Plaza
     Newark, NJ 07102
     Telephone: 973-643-7000
     Facsimile: 973-643-6500
     Email: asherman@sillscummis.com
     Email: bmankovetskiy@sillscummis.com

                  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.

The U.S. Trustee for Region 17 appointed an official committee of
unsecured creditors in the Debtor's Chapter 11 case on April 5,
2023. The committee is represented by Perkins Coie, LLP and Sills
Cummis & Gross PC.


MADERA COMMUNITY: Committee Taps Perkins Coie as Legal Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of Madera Community
Hospital received approval from the U.S. Bankruptcy Court for the
Eastern District of California to employ Perkins Coie, LLP as its
legal counsel.

The committee requires legal counsel to:

     (a) give advice with respect to the administration of the
Debtor's Chapter 11 case, including the committee's rights, role,
and responsibilities in connection therewith;

     (b) attend meetings and negotiate with representatives of the
Debtor, creditors and other parties involved in the case;

     (c) advise the committee in connection with any contemplated
sales of assets, disposition of assets, or business combinations;

     (d) advise the committee on matters relating to the
assumption, rejection, or assignment of unexpired leases and
executory contracts;

     (e) assist and advise the committee in its examination and
analysis of the conduct of the Debtor's affairs;

     (f) assist the committee in the review, analysis, and
negotiation of any financing or funding agreements;

     (g) take all necessary actions to promote the interests of the
committee, including, without limitation, prosecution of actions on
its behalf, negotiations concerning all litigation in which the
Debtor is involved, and reviewing and analyzing claims filed
against the Debtor's estate;

     (h) advise, negotiate and prepare a Chapter 11 plan,
disclosure statement and related documents, and take any necessary
action on the committee's behalf with respect to any proposed
plan;

     (i) appear before the court, potentially appellate courts, and
the U.S. Trustee;

     (j) prepare legal papers in support of positions taken by the
committee; and

     (k) perform all other necessary legal services.

The firm will be paid at these rates:

     Partners and Senior Counsel          $995 per hour
     Counsel and Associates               $695 per hour

     Paul S. Jasper, Senior Counsel       $995 per hour
     Sara L. Chenetz, Partner             $995 per hour
     Kathleen Allare, Associate           $695 per hour
     Kimberly McClure, Senior Paralegal   $340 per hour

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Perkins
Coie disclosed that:

     -- The proposed adjusted hourly rates for Perkins Coie are
discounted to blended hourly rates by title of timekeeper. All
partners and senior counsel will be billed at the hourly rate of
$995 while counsel and associates will be billed at the hourly rate
of $695. In addition, for each month, Perkins Coie's fees for
attorney timekeepers will be limited to the lesser of (i) the
amount of Perkins Coie's fees at its professionals' standard rates
and (ii) the amount of Perkins Coie's fees at a blended hourly rate
of $725.

     -- None of the professionals included in the engagement varied
their rate based on the geographic location of the bankruptcy
case.

     -- Perkins Coie did not represent the committee in the 12
months prepetition.

     -- The committee approved the terms of retention of Perkins
Coie, including the proposed rates and primary responsible
personnel. If requested by the committee, Perkins Coie will submit
a budget and staffing plan for approval to the committee in the
normal course of its representation.

As disclosed in court filings, Perkins Coie is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Paul S. Jasper, Esq.
     Sara L. Chenetz, Esq.
     Perkins Coie, LLP
     505 Howard Street, Suite 1000
     San Francisco, CA 94105
     Telephone: 415.344.7000
     Facsimile: 415.344.7050
     Email: PJasper@perkinscoie.com
     Email: schenetz@perkinscoie.com

     -- and --

     Kathleen Allare, Esq.
     Perkins Coie, LLP
     2901 North Central Avenue, Suite 2000
     Phoenix, AZ 85012
     Telephone: 602.351.8000
     Facsimile: 602.648.7000
     Email: KAllare@perkinscoie.com

                  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.

The U.S. Trustee for Region 17 appointed an official committee of
unsecured creditors in the Debtor's Chapter 11 case on April 5,
2023. The committee is represented by Perkins Coie, LLP and Sills
Cummis & Gross PC.


MAIMONIDES MEDICAL: $15.7M Bank Debt Trades at 16% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Maimonides Medical
Center is a borrower were trading in the secondary market around
84.5 cents-on-the-dollar during the week ended Friday, May 26,
2023, according to Bloomberg's Evaluated Pricing service data.

The $15.7 million facility is a Term loan that is scheduled to
mature on June 18, 2031.  About $14.6 million of the loan is
withdrawn and outstanding.

Maimonides Medical Center is a non-profit, non-sectarian hospital
located in Brooklyn. Maimonides is both a treatment facility and
academic medical center with 711 beds, and more than 70 primary
care and sub-specialty programs.



MAIMONIDES MEDICAL: $16.8M Bank Debt Trades at 16% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Maimonides Medical
Center is a borrower were trading in the secondary market around
84.5 cents-on-the-dollar during the week ended Friday, May 26,
2023, according to Bloomberg's Evaluated Pricing service data.

The $16.8 million facility is a Term loan that is scheduled to
mature on June 18, 2031.  About $16 million of the loan is
withdrawn and outstanding.

Maimonides Medical Center is a non-profit, non-sectarian hospital
located in Brooklyn. Maimonides is both a treatment facility and
academic medical center with 711 beds, and more than 70 primary
care and sub-specialty programs.



MALLINCKRODT PLC: Creditor Group Lawyers Gear for Payment Talks
---------------------------------------------------------------
Reshmi Basu of Bloomberg News reports that lawyers to Mallinckrodt
PLC's lender groups have signed confidential agreements with the
company ahead of negotiations over a $200 million settlement
payment for the drugmaker's role in the opioid epidemic, according
to people familiar with the situation.

Some lenders expect the June 16 payment to put a further strain on
the company's liquidity and want Mallinckrodt to skip it.  However,
a pivotal component of the company's restructuring support
agreement as it emerged from bankruptcy called for the drugmaker to
pay $1.75 billion to settle opioid suits.

Various debtholder groups have formed ahead of the payment
deadline.

                    About Mallinckrodt PLC

Mallinckrodt -- http://www.mallinckrodt.com/-- is a global
business consisting of multiple wholly-owned subsidiaries that
develop, manufacture, market and distribute specialty
pharmaceutical products and therapies.  The company's Specialty
Brands reportable segment's areas of focus include autoimmune and
rare diseases in specialty areas like neurology, rheumatology,
nephrology, pulmonology and ophthalmology; immunotherapy and
neonatal respiratory critical care therapies; analgesics; and
gastrointestinal products.  Its Specialty Generics reportable
segment includes specialty generic drugs and active pharmaceutical
ingredients.

On Oct. 12, 2020, Mallinckrodt plc and certain of its affiliates
sought Chapter 11 protection in Delaware (Bankr. D. Del. Lead Case
No. 20-12522) to seek approval of a restructuring that would reduce
total debt by $1.3 billion and resolve opioid-related claims
against them.

Mallinckrodt plc disclosed $9,584,626,122 in assets and
$8,647,811,427 in liabilities as of Sept. 25, 2020.

Judge John T. Dorsey oversees the cases.

The Debtors tapped Latham & Watkins, LLP and Richards, Layton &
Finger, P.A. as their bankruptcy counsel; Arthur Cox and Wachtell,
Lipton, Rosen & Katz as corporate and finance counsel; Ropes &
Gray, LLP as litigation counsel; Torys, LLP as CCAA counsel;
Guggenheim Securities, LLC as investment banker; and AlixPartners,
LLP as restructuring advisor.  Prime Clerk, LLC is the claims
agent.

The official committee of unsecured creditors retained Cooley, LLP,
as its legal counsel; Robinson & Cole, LLP as co-counsel; and
Dundon Advisers, LLC as financial advisor.

On Oct. 27, 2020, the U.S. Trustee for Region 3 appointed an
official committee of opioid-related claimants.  The OCC tapped
Akin Gump Strauss Hauer & Feld, LLP as its lead counsel; Cole
Schotz as Delaware co-counsel; Province, Inc. as financial advisor;
and Jefferies, LLC as investment banker.

                           *    *    *

Mallinckrodt plc on June 16, 2022, announced that it has
successfully completed its reorganization process, emerged from
Chapter 11 and completed the Irish Examinership proceedings.
Implementing the Plan and the Scheme strengthens the Company's
balance sheet, reduces its total debt by approximately $1.3 billion
and enables it to move forward with more than $250 million in cash
and cash equivalents on hand.  The Plan and Scheme include key
legal settlements that resolve opioid claims brought against the
Company and litigation matters involving Acthar Gel, among other
claims, and provides for significant equitization of the Company's
guaranteed unsecured notes.


MATCON CONSTRUCTION: Contribution & Ongoing Operation to Fund Plan
------------------------------------------------------------------
Matcon Construction Services, Inc. filed with the U.S. Bankruptcy
Court for the Middle District of Florida a Disclosure Statement
describing Plan of Reorganization dated May 22, 2023.

Matcon is a commercial contractor and subcontractor that
specializes in concrete construction and implementation for
mid-size and large commercial construction projects in the Tampa
Bay area and throughout Florida.

Since the Petition Date, the Debtor through its counsel has had
ongoing negotiations with LMCU and other creditors to address cash
collateral issues, bonding issues, and the timely receipt of
receivables to ensure that the Debtor has been able to continue
operations post-petition. The Debtor has also engaged in ongoing
and continuous negotiations with the Debtor's contract partners to
permit the Debtor to continue to maintain and grow its revenue
stream to maximize the ability to fund the Debtor's estate and
future plan payments.

The Debtor has spent significant time analyzing its operations and
revenues to prepare its Disclosure Statement and Plan while
reaching a stabilization point provided by the breathing spell
resulting from the Bankruptcy Case.

The Debtor will continue to operate and utilize the revenues from
its ongoing operations to fund distributions pursuant to the Plan.
The Debtor's Plan proposes to pay creditors over a period of five
years.

The Debtor believes that the value to be distributed to holders of
Allowed Claims pursuant to the Plan is greater than the liquidation
value of the Debtor and its remaining assets.

Class 7 consists of General Unsecured Claims. After all Allowed
Administrative and Priority Claims are paid in full and all funds
have been reserved for any Disputed Administrative and Priority
Claim, Class 7 claims shall receive 20% of the Monthly Plan
Payment, which shall be distributed pro rata among holders of
Allowed Class 7 Claims. Notwithstanding this Plan's calculation of
payments to creditors on a monthly basis, such amounts may be
payable quarterly to all Allowed Class 7 Claims. Class 7 is
Impaired.

Class 8 consists of Equity Interests in Matcon. All pre-petition
equity interests in Matcon shall be cancelled upon the Effective
Date of the Plan. Upon the Effective Date and in exchange for the
Mateos Contribution, Derek Mateos and Marynes Mateos will be issued
95% of the equity membership interest in the reorganized debtor to
be held as tenants by the entirety and Rudy and Olga Mateos shall
be issued the remaining 5% equity membership interests.

The Debtor intends to reorganize and continue operations via the
continuing time, effort, and involvement of the Mateos family, as
well as the Mateos Contribution. Absent the continuing involvement
of the Mateos family, the Debtor's ability to continue operations
and repay any creditors is highly unlikely. Their continuing
investment of time, energy and funds are the only true path the
Debtor has available to reorganize and are intended as new value
for the provision of the new equity membership interests
distributed pursuant to this Plan. The Debtor has confidence in its
ability to meet its Plan Projections and make the distributions
contemplated in this Plan.

The Debtor intends to fund distributions under the Plan via funds
on hand on the Effective Date, the Matoes Contribution and proceeds
generated from the Debtor's continued operation as a general
contractor in the construction business. Creditors will be paid
according to the priority scheme established by the Bankruptcy
Code.

A full-text copy of the Disclosure Statement dated May 22, 2023 is
available at https://urlcurt.com/u?l=I6wLDJ from PacerMonitor.com
at no charge.

Counsel to the Debtor:

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

                About Matcon Construction Services

Matcon Construction Services, Inc. provides general contracting,
solar solutions and development services. The company is based in
Tampa, Fla.

Matcon Construction Services sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-00215) on
Jan. 20, 2023. In the petition signed by Derek Mateos, president,
the Debtor disclosed up to $10 million in assets and up to $50
million in liabilities.

Judge Roberta A. Colton oversees the case.

The Debtor tapped Scott Underwood, Esq., at Underwood Murray, P.A.
as bankruptcy counsel; MGS Law, P.A. as special counsel; and Small
Business CFO as accountant.


MAVIS TIRE: $125MM Term Loan Add-on No Impact on Moody's B3 CFR
---------------------------------------------------------------
Moody's Investors Service said that Mavis Tire Express Services
TopCo, Corp.'s $125 million add-on to its existing senior secured
first lien term loan due May 2028 and proposed $300 million upsize
of its senior secured first lien revolving credit facility to $500
million does not impact ratings, including the company's B3
corporate family rating, B3-PD probability of default rating, and
B2 senior secured bank credit facility ratings. The outlook remains
stable.

Mavis plans to use net proceeds from the fungible add-on together
with new equity capital to finance the acquisition of NTB, Tire
Service Centers and Tire Kingdom from TBC Corporation and repay a
modest amount of existing revolver borrowings.

Proforma for the add-on, lease-adjusted debt/EBITDA remains very
high at about 7.8x. However, the NTB acquisition incorporates a
sizeable new equity contribution. Further, Mavis's B3 CFR is
supported by favorable industry fundamentals and Moody's
expectation that solid performance, including high quarterly
comparable store sales and stable EBITDA margins will continue,
and, that as greenfield and acquired locations mature and EBITDA
improves, leverage will decline to the mid-7x range in 2023.
Further, Mavis' good liquidity is another key factor, including the
upsized $500 million revolver which expires in May 2026, and no
meaningful maturities until May 2028. Moody's also notes that
maintenance CAPEX requirements are manageable and growth CAPEX can
be scaled to enhance liquidity when needed.

The B3 CFR continues to reflect governance considerations,
particularly the company's financial strategies associated with its
financial sponsor ownership which has historically supported very
high leverage and debt-financed acquisitions. Although Moody's
continue to expect the company to focus on greenfield/brownfield
growth, which reduces the risk of increased leverage, acquisitions
have been and will continue to be a key component of the company's
growth strategy.

Mavis Tire Express Services TopCo, Corp. is the parent company of
Mavis Tire Express Services Corp., which includes Mavis Discount
Tire and Express Oil Change & Tire Engineers. Mavis is owned by
affiliates of BayPine and TSG Consumer as well as by Co-CEOs David
and Stephen Sorbaro. Mavis operated about 1,400 service centers as
of December 31, 2022.


MCDONALD WORLEY: Franklin BSP Marks $15M Loan at 35% Off
--------------------------------------------------------
Franklin BSP Lending Corp has marked its $15,077,000 loan extended
to McDonald Worley PC to market at $9,858,000 or 65% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to McDonald Worley PC. The loan accrues interest at a rate of
26% Payment In Kind per annum. The loan matures on December 31,
2024.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

McDonald Worley PC is a Houston, Texas law firm practicing in the
areas of Probate, Probate Litigation, Wills, Trusts, Estate Plans,
Personal Injury and Wrongful Death.  



MGTF RADIO: Franklin BSP Marks $48.8M Loan at 15% Off
-----------------------------------------------------
Franklin BSP Lending Corp has marked its $46,896,000 loan extended
to MGTF Radio Company, LLC to market at $39,697,000 or 85% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to MGTF Radio Company, LLC. The loan accrues interest at a
rate of 10.81% (S+ 6.00%) per annum. The loan matures on April 1,
2024.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

MGTF Radio Company, LLC, which conducts business under the name
Steel City Media, is a multimedia company offering print, radio,
and digital advertising solutions. Its stations include Country
KBEQ (Q104), Country KFKF, Top 40 KMXV (MIX 93.3), and AC KCKC (KC
102.1).  The company was founded in 1984 and is based in
Pittsburgh, Pennsylvania, with a location in Kansas City, Missouri.


MOJ REALTY: Plan Due at Initial Status Conference on July 6
-----------------------------------------------------------
Judge Catherine Peel McEwen has entered an order that the initial
status conference of MOJ Realty, LLC, will be continued until July
6, 2023, at 1:30 PM in Courtroom 8B, Sam M. Gibbons United States
Courthouse, 801 N. Florida Avenue, Tampa, FL 33602.

The Disclosure Statement and Plan filed by the Debtor must, at a
minimum, contain adequate information pertaining to the Debtor in
the following areas:

   (a) Pre− and post−petition financial performance;

   (b) Reasons for filing Chapter 11;

   (c) Steps taken by the Debtor since the filing of the petition
to facilitate reorganization by the Debtor;

   (d) Projections reflecting how the Plan will be feasibly
consummated;

   (e) A liquidation analysis;

   (f) A description of the Federal tax consequences to the
Debtor;

   (g) An estimate of total administrative expenses and explanation
of how any such expenses not paid in full on the effective date of
the Plan (to the extent permitted by the Code or the claimant's
agreement) will be paid.

If the Debtor fails to file a Plan and Disclosure Statement by the
date of the Continued Status Conference, the Debtor must appear at
the Continued Status Conference and show cause why the case should
not be dismissed or converted to a case under Chapter 7 pursuant to
11 U.S.C. Sec. 1112(b).

MOJ Realty, LLC, a Single Asset Real Estate based in Valrico,
Florida, sought Chapter 11 protection (Bankr. M.D. Fla. Case No.
23-01259) on March 31, 2023.  The Debtor estimated assets of
$500,000 to $1 million and debt of $1 million to $10 million as of
the bankruptcy filing.  Leon Williamson at LAW OFFICE OF LEON A.
WILLIAMSON, JR., P.A., is the Debtor's counsel.


MOUNTAINEER MERGER: Moody's Cuts CFR to 'B3', Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded Mountaineer Merger
Corporation's (parent of Gabriel Brothers, Inc., dba "Gabe's")
corporate family rating to B3 from B2 and probability of default
rating to B3-PD from B2-PD. Additionally, Moody's lowered the
rating of the company's senior secured first lien term loan to Caa1
from B2. The outlook remains stable.

"Although the acquisition of Old Time Pottery will be accretive to
earnings and deleveraging, the combined company's proforma leverage
will still be high at around 4.5x's and coverage will remain weak
at around 1.0x as a result of weaker than expected operating
performance at Gabe's", Moody's Vice President Mickey Chadha
stated. "Gabe's operating performance and credit metrics have been
weaker than expected prior to the acquisition and the uncertain
macro-economic environment and the constrained consumer coupled
with integration risks are further risks to the downside", Chadha
further stated.  In addition, Gabe's faces higher borrowing costs
given the increase in interest rates.  The downgrade of the CFR
reflects Gabe's weak interest coverage with EBIT/interest expense
and its weakened free cash flow. The Caa1 rating of the senior
secured term loan is one notch lower than the CFR due to its junior
position to the $150 million asset based revolving credit
facility.

Downgrades:

Issuer: Mountaineer Merger Corporation

Corporate Family Rating, Downgraded to B3 from B2

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

Senior Secured First Lien Term Loan, Downgraded to Caa1 from B2

Outlook Actions:

Issuer: Mountaineer Merger Corporation

Outlook, Remains Stable

RATINGS RATIONALE

Gabe's B3 corporate family rating reflects high leverage and weak
interest coverage. Pro forma for the Old Time Pottery acquisition
Moody's adjusted debt/EBITDA will be about 4.5x and coverage will
be about 1.0x. Moody's estimates that the combined company's
leverage will improve to about 4.3x in the next 12 months due to
topline and EBITDA growth with EBIT/interest expected to remain
weak at 1.2x. The rating also reflects the company's weak free cash
flow generation and its small scale in a highly competitive
business environment with very large and well capitalized
competitors. Therefore, even small declines in EBITDA can impact
credits metrics significantly. The rating also reflects the
somewhat discretionary nature of the company's products and
macroeconomic headwinds that could cause constrained consumers to
pull back purchases of discretionary items. The acquisition of Old
Time Pottery, a value home decor retailer will increase the
company's scale but also increases its exposure to home categories
which are cyclical. The customer demographic of Old Time Pottery is
complementary to Gabe's and approximately 90% of Gabe's inventory
purchases are opportunistic and its inventory purchasing cycle is
shorter than its competitors which allows the company to quickly
change assortments depending on consumer preferences. The glut of
inventory throughout the retail sector particularly in apparel has
given the company good buying opportunities and an attractive
inventory assortment which should result in improved profitability
in the next 12 months. The company's adequate liquidity, its
off-price retail business model, a segment which has historically
grown faster than other retail sub-sectors and has performed
relatively well during economic downturns, further supports its
rating.

Gabe's is owned by private equity firm Warburg Pincus and has done
debt financed shareholder distributions in the past and risk of
future aggressive financial strategies is also reflected in the
rating.

The stable outlook reflects Moody's expectation that the company's
operating performance will not deteriorate and liquidity will
remain adequate.  

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

Although unlikely in the near term, a ratings upgrade could be
triggered by sustained improvement in earnings, free cash flow
generation and larger scale while maintaining adequate liquidity
and financial policies which would support an improvement in credit
metrics. Specifically, the ratings could be upgraded downgraded if
debt/EBITDA is sustained below 5.0 times and EBIT/interest expense
is sustained above 2.0 times.

Ratings could be downgraded if operating performance remains
pressured or liquidity deteriorates. Specifically, ratings could be
downgraded if EBIT/interest expense is sustained below 1.25x.

The principal methodology used in these ratings was Retail
published in November 2021.

Mountaineer Merger Corporation's is an off-price retailer with 127
stores across 14 states. The company is owned by Warburg Pincus
International, LLC and generated about $738 million in revenue for
the fiscal year ended January 28, 2023. Old Time Pottery is a value
home retailer focused on providing an assortment of home and
seasonal products with 40 stores across 12 states in the Southeast
and Midwest.


MPH ACQUISITION: $1.33B Bank Debt Trades at 15% Discount
--------------------------------------------------------
Participations in a syndicated loan under which MPH Acquisition
Holdings LLC is a borrower were trading in the secondary market
around 84.6 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $1.33 billion facility is a Term loan that is scheduled to
mature on September 1, 2028.  About $1.31 billion of the loan is
withdrawn and outstanding.

MPH Acquisition Holdings LLC, doing business as MultiPlan, provides
health care solutions. The Company offers payment integrity,
network, and analytics-based solutions. MultiPlan serves customers
in the United States.



MSCI INC: Moody's Affirms 'Ba1' CFR & Alters Outlook to Positive
----------------------------------------------------------------
Moody's Investors Service affirmed MSCI Inc.'s Ba1 corporate family
rating, Ba1-PD probability of default rating and its senior
unsecured note, term loan and revolving credit facility ratings at
Ba1. The SGL-1 speculative grade liquidity rating remains
unchanged. The outlook has been revised to positive from stable.
The New York City-based company is a global provider of investment
risk and decision support tools, including indices and portfolio
risk and performance analytics products and services.

"Very high profitability rates enabled by its strong market
position and growing demand for its index and other products from a
roster of leading investment managers and other financial market
participants balance MSCI's somewhat high debt leverage and
opportunistic financial strategies, driving the change in the
outlook to positive from stable," said Edmond DeForest, Moody's
Senior Vice President.

RATINGS RATIONALE

The affirmation of the CFR at Ba1 considers Moody's expectation
that MSCI's operating performance will remain strong despite recent
declines in the value of assets under management ("AUM") in
international equity funds due to the exposure to market
volatility, which has created a drag on growth that has especially
affected MSCI's revenue from asset-based fees ("ABF"). Revenue of
about $2.3 billion for the 12 months ended March 31, 2023 is small
compared to many other service industry issuers also rated at Ba1.
However, Moody's anticipates strong EBITA to interest expense
coverage above 6.0 times and free cash flow to debt in a
mid-teens-percentage range over the next 12 to 18 months, providing
ratings support.

All financial metrics cited reflect Moody's standard adjustments.

Moody's anticipates that MSCI's AUM-based fees will remain more
volatile than its other business lines because they are correlated
to the value of exchanged-traded funds linked to its indices. Given
declines in global equity values, MSCI experienced a decline in
AUM-linked revenue and profits in 2022. Since AUM-based fees are
among the company's most profitable businesses and represented 23%
of revenue for the twelve months ended March 31, 2023, profits
could decline at a faster rate than revenue. The AUM-based fee
segment may continue to feel pressure from year-over-year declines
in AUM-related revenue. In 2022, ABF revenue was down almost 5%.

Moody's expects highly recurring subscription fees for index, asset
management software and other products will mitigate the
anticipated AUM-based fee declines. These other parts of the
business are less subject to market value-driven volatility than
AUM-based fees. MSCI's overall subscription run rate growth was 12%
in the fiscal quarter ended March 31, 2023. Additionally, the
company was able to defend its very high profitability rates by
reducing expenses, increasing its EBITDA margin to 60.6% in 2022
from 58.6% in 2021. Moody's anticipates MSCI's overall profits
rates and free cash flow will be maintained at current levels in
2023.

MSCI is a service provider to sophisticated financial market
businesses, so there is limited exposure to environmental and
social risks. Governance risk is moderate as Moody's anticipates
MSCI may incur additional debt to maintain cash return levels in
excess of internally generated free cash flow, temporarily driving
debt to EBITDA to about 4.0 times. Debt-funded acquisitions are
also a risk, although the pace and scale of M&A has been moderate
historically.

The SGL-1 speculative grade liquidity rating reflects Moody's
assessment of MSCI's liquidity profile as very good. Moody's
expects MSCI will maintain over $200 million of cash and cash
equivalents. The company had $1 billion of cash as of 31 March
2023. Additional liquidity support is provided by free cash flow of
at least $500 million anticipated and full availability of the $500
million unsecured revolving credit facility expiring in 2027.

The Ba1 rated debt is unsecured and guaranteed by all existing and
subsequently acquired material domestic subsidiaries of MSCI.

The positive outlook reflects Moody's anticipation that if MSCI can
continue growing revenue and its recurring subscription base while
it maintains customer retention rates above 90%, MSCI would
maintain debt to EBITDA below 3.5 times, EBITA margin above 55% and
free cash flow to debt above 10%. The outlook could be revised to
stable from positive if business performance weakens or financial
strategies become more aggressive, including through large
debt-funded share repurchases or acquisitions.

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

The ratings could be upgraded if revenue scale continues to expand,
customer and industry scope widens and revenue and profits become
less sensitive to changes in global equity market valuations. A
ratings upgrade would require Moody's to expect debt to EBITDA will
remain below 3.5 times and free cash flow to debt will stay above
10%.

The positive outlook indicates that ratings downgrades are unlikely
over the next 12-18 months. However, the ratings could be
downgraded if Moody's notes a meaningful increase in competition,
MSCI's client retention rates deteriorate or a more difficult
pricing environment evolves. The ratings could also be downgraded
if Moody's anticipates low revenue growth, a substantial erosion in
rates of profitability, debt to EBITDA sustained above 4.0 times,
or free cash flow to debt under 8%.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

Moody's took the following rating actions and made the following
outlook statement:

Issuer: MSCI Inc.

Corporate Family Rating, Affirmed Ba1

Probability of Default Rating, Affirmed Ba1-PD

Senior Unsecured Term Loan A, Affirmed Ba1

Senior Unsecured Revolving Credit Facility, Affirmed Ba1

Senior Unsecured Global Notes, Affirmed Ba1

Outlook, Changed To Positive From Stable

MSCI is a global provider of investment risk and decision support
tools, including indices and portfolio risk and performance
analytics products and services. Moody's expects revenues of about
$2.5 billion in 2023.


MURPHY CREEK: Wants May 31 Extension to File Disclosure Statement
-----------------------------------------------------------------
Murphy Creek Estates, LLC, filed a motion for an extension of time
to file a Disclosure Statement.

On April 6, 2023, the Debtor entered into a stipulation with
secured creditors Murphy Creek Estates Funding, LLC, Tom Clyde
Lawrence Wellman and Barbara Aanonson to resolve their Motion to
Designate the Proceeding a Single Asset Real Estate Case. In the
Stipulation, the parties agreed the deadline for the Debtor to file
a plan of reorganization that has a reasonable probability of being
confirmed within a reasonable time is May 19, 2023.

The Debtor and Lennar are diligently working to finalize the
Purchase and Sale Agreement.  The terms of the Purchase and Sale
Agreement are material information to be disclosed in the Debtor's
Disclosure Statement.  Thee Debtor anticipates the Purchase and
Sale Agreement will be finalized by May 31, 2023.

The Debtor does not believe that the Stipulation Resolving Motion
to Designate the Proceeding a Single Asset Real Estate Case set a
deadline for the filing of the Disclosure Statement.  To the extent
it does, the Debtor seeks an extension through May 31, 2023, to
file its Disclosure Statement to enable it to include the material
terms of the Purchase and Sale Agreement in the Disclosure
Statement. If there is no deadline, the Debtor files this Motion to
appraise the Court and parties as to the timing of the filing of
its Disclosure Statement.

Attorney for the Debtor:

     Bonnie Bell Bond, Esq.
     LAW OFFICE OF BONNIE BELL BOND, LLC
     8400 E. Prentice Ave., Suite 1040
     Greenwood Village, CO 80111
     Tel: (303) 770-0926
     Fax: (303) 770-0965
     E-mail: bonnie @bellbondlaw.com

                  About Murphy Creek Estates

Murphy Creek Estates, LLC, a company in Greenwood Village, Colo.,
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. Colo. Case No. 22-13594) on Sept. 19, 2022, with up to
$10 million in both assets and liabilities. Judge Kimberley H.
Tyson oversees the case.

The Debtor tapped Bonnie Bell Bond, Esq., at the Law Office of
Bonnie Bell Bond as bankruptcy counsel and Montgomery Little &
Soran, P.C. as special counsel.


N.F. INTERNATIONAL: Case Summary & Eight Unsecured Creditors
------------------------------------------------------------
Debtor: N.F. International Inc.
        950 Herrington Rd
        # C205
        Lawrenceville, GA 30044-7217

Chapter 11 Petition Date: May 28, 2023

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 23-54962

Debtor's Counsel: Milton Jones, Esq.
                  MILTON JONES, ATTORNEY
                  PO Box 533
                  Lovejoy, GA 30250-0533
                  Tel: (770) 899-8486
                  Email: miltondjones@comcast.net

Total Assets: $97,900

Total Liabilities: $3,297,730

The petition was signed by Nafisa Bijan as CEO.

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

https://www.pacermonitor.com/view/3FJDWSY/NF_International_Inc__ganbke-23-54962__0001.0.pdf?mcid=tGE4TAMA


NATIONAL CINEMEDIA: $270M Bank Debt Trades at 69% Discount
----------------------------------------------------------
Participations in a syndicated loan under which National CineMedia
LLC is a borrower were trading in the secondary market around 30.9
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $270 million facility is a Term loan that is scheduled to
mature on June 20, 2025.  About $257.2 million of the loan is
withdrawn and outstanding.

National CineMedia, LLC owns and operates movie theaters. The
Company offers entertainment content, advertising, and movie
screening services.



NATIONAL VISION: Moody's Alters Outlook on 'Ba2' CFR to Negative
----------------------------------------------------------------
Moody's Investors Service changed National Vision, Inc's outlook to
negative from stable. Moody's also downgraded National Vision's
speculative grade liquidity rating (SGL) to SGL-2 from SGL-1. At
the same time, Moody's affirmed National Vision's ratings,
including the Ba2 corporate family rating, Ba2-PD probability of
default rating and the Ba1 backed senior secured bank credit
facilities ratings.

The change in outlook to negative reflects National Vision's
significant EBITDA declines over the LTM ended April 1, 2023 with
reported EBITDA (adjusted for unusual items) dropping to about $160
million from about $270 million in fiscal 2021 due in part to lower
store traffic and consumer weakness, constrained exam capacity,
optometrist shortages and higher associated labor costs. While 2021
EBITDA was inflated due to government stimulus and pandemic-related
pent-up demand, the declines in 2022 and first quarter 2023 well
exceeded Moody's expectations. Consequently, Moody's-adjusted
leverage has increased to 4.0x from 2.7x and interest coverage has
fallen to 2.1x from 4.0x over the same time-period. Moody's also
expects that operating trends will remain challenging for the
company in 2023.  

The change in outlook to negative also reflects governance
considerations particularly that National Vision continued to make
share repurchases amidst these weakening trends. As a consequence,
the governance score is being changed to G-3 (moderately negative
impact) from a G-2 (neutral-to-low impact) and the overall credit
impact score (CIS) is being changed to CIS-3 (moderately negative
impact) from CIS-2 (neutral-to-low impact.)

The SGL downgrade to SGL-2 reflects National Vision's good
liquidity.  While its free cash flow has weakened, it remains
modestly positive. It also reflects that National Vision had $247
million of balance sheet cash at April 1, 2023 which well exceeds
its $150 million term loan that is due in July 2024.  Moody's
expects that National Vision will refinance this maturity and
extend the expiration date of its $300 million revolving credit
facility well in advance of their July 2024 due dates.

Affirmations:

Issuer: National Vision, Inc

Corporate Family Rating, Affirmed Ba2

Probability of Default Rating, Affirmed Ba2-PD

Backed Senior Secured Bank Credit Facility, Affirmed Ba1

Downgrades:

Issuer: National Vision, Inc

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

Outlook Actions:

Issuer: National Vision, Inc

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

National Vision, Inc's Ba2 CFR benefits from its position as a
value player in the recession-resilient optical retail industry.
The rating also reflects the company's ability to maintain good
liquidity with excess cash flow used for store expansion and that
it will curtail the level of share repurchases going forward.
National Vision's credit profile is constrained by its small scale
compared to similarly rated retail peers, as well as its narrow
product focus and supplier and customer concentration. In addition,
the long-term customer shift to e-commerce across retail could
increase competitive pressure and investment needs over time in the
value eyeglass retail segment, which has been relatively resistant
to online growth.

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

The ratings could be upgraded if revenue scale materially
increases, while the company continues to demonstrate consistent
earnings growth and good liquidity. An upgrade would require
financial strategies that sustain Moody's-adjusted debt/EBITDA
below 3.0 times and Moodys-adjusted EBITA/interest expense above
4.0 times.

The ratings could be downgraded if the company fails to reverse the
current negative operating trends or if liquidity weakens. The
ratings could also be downgraded if the company engages in
debt-funded acquisitions or shareholder distributions.
Quantitatively, the ratings could be downgraded if Moodys-adjusted
debt/EBITDA is sustained above 4.0 times or Moody's-adjusted
EBITA/interest expense below 3.0 times.

Headquartered in Duluth, Georgia, National Vision, Inc (National
Vision) is a publicly traded US optical retailer offering
value-priced eyeglasses, contact lenses and eye exams. The company
operates close to 1,350 locations, including its retail chains
America's Best Contacts and Eyeglasses and Eyeglass World, as well
as host stores at Walmart, Fred Meyer and US military bases.
National Vision also sells contacts online. Revenue for the twelve
months ended April 1, 2023 was approximately $2.0 billion.

The principal methodology used in these ratings was Retail
published in November 2021.


NAUTILUS POWER: $728M Bank Debt Trades at 29% Discount
------------------------------------------------------
Participations in a syndicated loan under which Nautilus Power LLC
is a borrower were trading in the secondary market around 70.8
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $728.6 million facility is a Term loan that is scheduled to
mature on May 16, 2024.  About $573.1 million of the loan is
withdrawn and outstanding.

Nautilus Power, LLC provides utility services. The Company
generates, transmits, and distributes electric energy.



NEP/NCP HOLDCO: Moody's Lowers CFR to Caa1, Outlook Remains Stable
------------------------------------------------------------------
Moody's Investors Service downgraded NEP/NCP Holdco, Inc's ("NEP")
existing ratings by one notch, including its corporate family
rating to Caa1 from B3. Moody's also downgraded the senior secured
first lien credit facilities at NEP Europe Finco B.V. to Caa1 from
B3. The outlook remains stable.

The downgrade of the CFR to Caa1 reflects Moody's expectation of
negative free cash flow in 2023 and 2024, persistently high
leverage, weak interest coverage and rising refinancing risk.

Downgrades:

Issuer: NEP/NCP Holdco, Inc

Corporate Family Rating, Downgraded to Caa1 from B3

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

Backed Senior Secured First Lien Bank Credit Facility, Downgraded
to Caa1 from B3

Backed Senior Secured Second Lien Term Loan, Downgraded to Caa3
from Caa2

Issuer: NEP Europe Finco B.V.

Backed Senior Secured First Lien Term Loan, Downgraded to Caa1
from B3

Outlook Actions:

Issuer: NEP Europe Finco B.V.

Outlook, Remains Stable

Issuer: NEP/NCP Holdco, Inc

Outlook, Remains Stable

RATINGS RATIONALE

NEP's Caa1 CFR reflects the company's highly levered capital
structure, rising refinancing risk and highly capital-intensive
business model that constrains free cash flow. Despite double-digit
top-line growth from recent contract wins, Moody's expects cash
flow to be weak (negative $150 to $200 million in 2023) due to high
capex and a high interest burden. As such, Moody's expects
financial leverage to remain high, in the 6.5x – 7x (Moody's
adjusted) over the next 12-18 months. The sponsor's and other
investors' $95 million equity contribution year-to-date alleviated
NEP's short term liquidity but did not address a fundamental
challenge of the company's ability to self-fund its growth. Though
Moody's views NEP's liquidity as adequate over this year, the
nearing debt maturities expose the company to significant
refinancing risk. Almost 80% of NEP's outstanding debt matures in
2025. NEP's revolver is due in February 2025 while its first lien
term loans come due in June and October 2025. Without a material
improvement in cash flow and meaningful debt reduction, there is
risk related to NEP's ability to refinance maturities on terms that
are consistent with a sustainable capital structure.

NEP's Caa1 CFR is supported by its strong global position in the
niche video production industry and a diversified blue-chip
customer base with long-standing relationships and low customer
concentration. NEP's fleet of mobile broadcast trucks and
engineering expertise provide for a strong value proposition to its
customers and lends tangible asset value, supporting the rating.
Furthermore, NEP facilitates the viewing of live events, a service
Moody's consider key to content producers and content distributors.
This positions the company well regardless of how the consumption
and delivery of media evolves and therefore supports sustainability
of earnings.

Moody's views NEP's liquidity as adequate over the next year,
constrained by high capital intensity of the business, the
expectation of negative free cash flow over the next 12-18 months
and limited borrowing capacity on the revolver. As of March 31,
2023, NEP's revolver was roughly 72% drawn, leaving $72 million of
availability for future borrowing. From October 2023 through its
maturity in February 2025, revolver size will reduce to $245
million from $250 million currently. NEP had roughly $54 million
cash on hand at March 31, 2023 quarter end.

NEP faces a high debt maturity wall in 2025. The company's heavily
drawn revolver matures in February 2025, and nearly $2 billion of
its first lien loans will come due in the second half of the same
year (June and October 2025). This amounts to roughly 80% of the
company's total debt becoming current during 2024 absent a
refinancing

NEP's term loans are not subject to financial maintenance covenants
but the revolver has a springing maintenance covenant, a maximum
net first lien leverage test of 6.9x when more than 35% of
revolving credit facility is drawn. The flexible EBITDA definition
allows for the addition of run-rate synergies and EBITDA from
acquisitions, as well as certain non-recurring costs. The actual
ratio was 6.11x as of 31 March 2023, which represents an 11%
cushion under its net debt financial covenant requirement.

NEP's CIS-4 credit impact score indicates that the rating is lower
than it would have been if ESG risk exposures did not exist. The
score reflects the company's exposure to governance risks stemming
from its sponsor's aggressive growth strategy while operating with
high leverage and negative free cash flow for an extended period
and lack of majority independent board.

The Caa1 rating on the first lien credit facilities (revolver, US
term loans and Euro term loan) is in line with the Caa1 CFR,
reflecting its larger relative size and senior position ahead of
the second lien term loan and other unsecured claims including
payables and leases. The Euro term loan has a broader collateral
pledge of both US and European assets whereas the collateral
supporting the US first and second lien debt is limited to US
assets. However, the credit agreement contains a collateral
allocation mechanism that equalizes the recovery of first lien
revolver and term loan lenders to NEP and NEP Europe Finco B.V. by
re-allocating exposures to individual tranches based on lenders'
pro-rata share of total first lien debt in the event of default. As
a result, Moody's ranks the first lien debt of NEP and NEP Europe
Finco B.V. the same in the loss given default framework and rate
the facilities the same at Caa1. The Caa3 rating on the second lien
senior secured term loan, two notches below the company's CFR,
reflects its junior position in the capital structure behind the
substantial amount of first lien debt.

The stable outlook reflects Moody's expectation that NEP will
maintain at least adequate liquidity over the next 12-18 month,
will continue to reduce costs and will manage its FY2024 capital
spending to support cash flow improvement.

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

The ratings could be downgraded if the probability of default
increases, including a distress exchange, and a failure to
proactively address 2025 maturities.  Deterioration in earnings or
liquidity, including weaker than expected free cash flow, will also
lead to a downgrade.

The ratings could be upgraded if the company is able to refinance
its near-term maturities and Moody's expects: 1) sustained positive
free cash flow  even after growth capex, 2) Moody's adjusted
Debt/EBITDA is sustained below 6.5x, and 3) EBITA/Interest Expense
(Moody's adjusted) sustained above 1x.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

Based in Pittsburgh, PA, NEP/NCP Holdco, Inc provides outsourced
media services necessary for the delivery of live broadcast of
sports and entertainment events to television and cable networks,
television content providers, and sports and entertainment
producers. The company is owned primarily by affiliates of the
Carlyle Group.


NEXREV LLC: MSC Fund Marks $2.7M Loan at 18% Off
------------------------------------------------
MSC Income Fund, Inc has marked its $2,709,000 loan extended to
NexRev LLC to market at $2,217,000 or 82% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in MSC Fund's Form 10-Q for the Quarterly Period ended March 31,
2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to NexRev LLC. The
loan accrues interest at a rate of 11% per annum. The loan matures
on February 28, 2025.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

NexRev develops manufactures and fabricates energy and facility
management products and self-performs integration of HVAC,
Electrical, Building Management Systems and Test and Balance
services, directly to national account clients. NexRev's customers
span a variety of end markets, including multi-site retailers,
theaters, restaurants, commercial, and industrial facilities.
NexRev's DrivePak(TM), Freedom EMS, Proactive Portfolio Management,
and HVAC Replacement solutions enable clients to reduce both their
capital and operational spend with performance guarantees.



NIELSEN & BAINBRIDGE: Wants to Save Quoizel as Chapter 11 Deal Fail
-------------------------------------------------------------------
Evan Ochsner of Bloomberg Law reports that Nielsen & Bainbridge is
seeking to save its unit, Quoizel LLC, as a bankruptcy deal to
reorganize the entire business has so far failed.

Nielsen & Bainbridge is shifting gears in bankruptcy to reorganize
around a subsidiary, saying it can't afford to revamp its entire
home decor business.

The Sycamore Partners-backed home decor and framing supplier is
abandoning a restructuring proposal that would have slashed its
debt by $350 million and put a lender group led by KKR and Silver
Point Capital in control of the company.  The lenders have said
they are open to instead reorganizing around Quoizel LLC, the
company's hardwired lighting business, but there is no new deal yet
in place.

                About Nielsen & Bainbridge

Nielsen & Bainbridge, LLC, is an end-to-end supplier of home decor
and hardwire lighting operating under the trade name NBG Home.  NBG
Home serves a portfolio of prominent retail partners in the design,
development, and fulfillment of products such as lighting, accents,
furniture, soft home goods, wall decor, and frames sold under
various brand names. NBG Home operates eight business units
touching the brick-and-mortar and eCommerce spaces.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 23-90071) on Feb.
8, 2023.

In the petition signed by Hope Margala, as authorized signatory,
the Debtors disclosed up to $500 million in assets and up to $1
billion in liabilities.

Judge David R. Jones oversees the case.

The Debtors tapped Jackson Walker LLP as local bankruptcy counsel,
Kirkland and Ellis LP and Kirkland and Ellis International LLP as
general bankruptcy counsel, Alvarez and Marsal North America, LLC
as financial advisor, Guggenheim Securities, LLC as investment
banker, Hilco Real Estate, LLC as exclusive sales agent, and Omni
Agent Solutions as claims, noticing, solicitation agent and
administrative advisor.

KKR Loan Administration Services, LLC, serves as administrative
agent and collateral agent under the DIP Facility.  Counsel to the
DIP Lenders are Dennis F. Dunne, Esq. and Matthew L. Brod, Esq. at
Milbank LLP.

Wells Fargo Bank, National Association is the administrative agent
and collateral agent under the Prepetition ABL Facility. Attorneys
for Wells Fargo Bank are Julia Frost-Davies, Esq., and Christopher
L. Carter, Esq., at Morgan, Lewis & Bockius, LLP.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Nielsen &
Bainbridge, LLC. The committee hires Lowenstein Sandler LLP as lead
counsel,  Archer & Greiner, P.C. as its Texas bankruptcy counsel,
and Province, LLC as its financial advisor.


NOBILITY MANAGEMENT: Mark Sharf Named Subchapter V Trustee
----------------------------------------------------------
The U.S. Trustee for Region 16 appointed Mark Sharf as Subchapter V
trustee for Nobility Management, LLC.

Mr. Sharf will be paid an hourly fee of $600 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Sharf declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Mark M. Sharf
     6080 Center Drive, 6th Floor
     Los Angeles, CA 90045
     Telephone: (323)612-0202
     Email: mark@sharflaw.com

                     About Nobility Management

Nobility Management, LLC, a company in Calabasas, Calif., filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. C.D. Calif. Case No. 23-10657) on May 15, 2023, with $1
million to $10 million in both assets and liabilities. Judge Martin
R. Barash oversees the case.

David B. Golubchick, Esq., at Levene, Neale, Bender, Yoo &
Golubchik, LLP is the Debtor's legal counsel.


NORWICH DIOCESE: To Auction St. Bernard School to Pay Survivors
---------------------------------------------------------------
Ed Stannard of Hartford Courant reports that the Roman Catholic
Diocese of Norwich will auction off the 113 acres in Montville that
is home to St. Bernard School on June 5, as it works its way
through bankruptcy proceedings.

A negotiated reorganization plan will come next, which must be
approved by the parties involved and by a federal bankruptcy court
judge.

The diocese filed for Chapter 11 bankruptcy in July 2021, faced
with 142 claims of sexual abuse, according to the diocese.  The
first lawsuits were brought by families of students at Mount St.
John's Academy in Deep River.

Patrick Birney, an attorney with Robinson & Cole in Hartford, is
overseeing the auction, which is planned "to raise in excess of
$6.5 million to fund a portion of the settlement that will be used
to compensate alleged sexual abuse survivors under a consensual
Chapter 11 bankruptcy plan," according to an email from Birney.

At least three bidders have expressed interest in the auction,
which will have a $6.5 minimum bid: Thames River Acquisition LLC;
Saints Country LLC, a consortium of St. Bernard alumni; and Bill
Buscetto, a St. Bernard alum and former athletic director, Birney
wrote.

Buscetto was an All-America catcher for the University of New Haven
from 1992-95 who sued the diocese after he was fired as athletic
director and coach in 2011. He could not be reached for comment.

Birney wrote that the three known bidders "have all made clear to
the diocese that their intent is to see the school continue into
the future. The sale process contemplates a new, initial 10-year
lease between the prevailing bidder and the school with an option
for an additional 10 years."

However, it is possible another bidder would close the school,
Birney wrote.

"The diocese is deeply committed to providing Catholic education
through the primary and secondary Catholic schools within the
diocese, including St. Bernard," he wrote. "Nevertheless, the
diocese recognizes that there is a chance that a prospective
purchaser may emerge who does not have an interest in continuing
St. Bernard School."

Birney said he was not aware of any plans the bidders may have to
develop a portion of St. Bernard's 113 acres.

The diocese and the Official Committee of Unsecured Creditors,
which includes the sexual abuse survivors and others seeking money
from the diocese, each have submitted plans for reorganization.
They are negotiating a compromise plan that will be presented to
the bankruptcy court for approval, possibly in June 2023.

Stephen Kindseth of Zeisler & Zeisler in Bridgeport, representing
the unsecured creditors, declined to comment.

Under the diocese's plan, a $29 million trust would be set up to
compensate the victims of sexual abuse.  The committee's plan
proposes a fund of $30.8 million plus unknown amounts from "causes
of action" and "insurance interests."

Birney said the diocese's plan also includes selling the Middletown
property where Xavier High School is located to the Xaverian
Brothers, who run the school. He said it would not be auctioned.
The diocese also owns the Middletown property where Mercy High
School is located.

Kelly Reardon of  The Reardon Law Firm in New London represents
about 30 of the sexual abuse survivors who will be affected by the
bankruptcy.

"I think that overall through the process we have been successfully
able to protect our clients' interests, or at least I have, and I
think the other plaintiffs' lawyers have as well in terms of trying
to negotiate as beneficial and robust a settlement as possible,"
she said.

She said she is working to be sure the money available in the final
bankruptcy settlement "is allocated in as equitable a way as
possible."

When the diocese filed for bankruptcy, Bishop Michael Cote said,
"By filing for bankruptcy relief, the diocese is seeking to ensure
a fair and equitable outcome for everyone involved.  That is
because the bankruptcy court will centralize all litigation and
oversee a settlement that ensures that all survivors are included
and treated fairly."

He added, "Individual private litigation could deplete the
diocese's funds with the first case, leaving other survivors
without any possibility of compensation."

"I certainly think that they could have achieved the same goal
without filing bankruptcy and prolonging resolution for going on
two years now," Reardon said. "But, that having been said, it was
done and, on behalf of my clients, I'm simply trying to achieve the
highest possible resolution for them."

The abuse survivors are the largest party in the bankruptcy
negotiations, which also includes "Mount St. John's, the parishes,
the diocese, the Annual Catholic Appeal, pretty much every Catholic
entity in the diocese, the schools and the insurance company,"
Reardon said.

"So it's essentially a plan for resolving the bankruptcy that
includes contributions and agreements by all of the different
affected parties," she said.

The diocese's insurance agent is the Catholic Mutual Relief Society
of America.

                About The Norwich Roman Catholic
                       Diocesan Corporation

The Norwich Roman Catholic Diocesan Corporation is a nonprofit
corporation that gives endowments to parishes, schools, and other
organizations in the Diocese of Norwich, a Latin Church
ecclesiastical territory or diocese of the Catholic Church in
Connecticut and a small part of New York.

The Norwich Roman Catholic Diocesan Corporation sought Chapter 11
protection (Bankr. D. Conn. 21-20687) on July 15, 2021.  The Debtor
estimated $10 million to $50 million in assets against liabilities
of more than $50 million.  Judge James J. Tancredi oversees the
case.   

The Debtor tapped Ice Miller, LLP as bankruptcy counsel and
Robinson & Cole, LLP as Connecticut counsel.  Epiq Corporate
Restructuring, LLC is the claims and noticing agent.


ONE CALL: $700M Bank Debt Trades at 28% Discount
------------------------------------------------
Participations in a syndicated loan under which One Call Corp is a
borrower were trading in the secondary market around 72.5
cents-on-the-dollar during the week ended Friday, May 26, 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 Corporation operates in providing health care services.



P&P CONSTRUCTION: Seeks to Hire Reed Smith as Bankruptcy Counsel
----------------------------------------------------------------
P&P Construction Group, LLC and its affiliates seek approval from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ Reed Smith, LLP as their counsel.

The firm will render these services:

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

     b. attend meetings and negotiate with representatives of
creditors and other parties in interest and advise and consult on
the conduct of the Chapter 11 Cases, including all of the legal and
administrative requirements of operating in chapter 11;

     c. take all necessary action to protect and preserve the
Debtors' estates, including the prosecution of actions on their
behalf, the defense of any actions commenced against the estate,
and negotiations concerning all litigation in which the Debtors may
be involved and objections to claims filed against the estates;

     d. prepare, on behalf of the Debtors, motions, applications,
answers, orders, reports, and papers necessary to the
administration of the estates;

     e. appear in the Bankruptcy Court and any appellate courts and
before the Office of the United States Trustee for the District of
Delaware, and protect the interests of the Debtors' estates before
such courts and the U.S. Trustee;

     f. take any necessary action on behalf of the Debtors to
obtain confirmation of the Debtors' plan of reorganization and/or
one or more sales of the Debtors' assets; and

     g. perform all other necessary legal services and provide all
other necessary legal advice to the Debtors in connection with the
Chapter 11 Cases.

The firm's hourly rates are:

     Partners            $965 to $925
     Associates          $715 to $610
     Legal Assistants    $350

As disclosed in court filings, Reed Smith is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Michael P. Cooley, Esq.
     Taylre C. Janak, Esq.
     Devan J. Dal Col, Esq.'
     Reed Smith, LLP
     2750 N. Harwood Street, Suite 1500
     Dallas, TX 75201
     Phone: (469) 680-4200
     Email: mpcooley@reedsmith.com
     Email: tjanak@reedsmith.com
     Email: ddalcol@reedsmith.com

                   About P&P Construction Group

P&P Construction Group, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-90292) on
April 12, 2023. In the petition signed by Jeffrey Anapolsky, its
chief executive officer, the Debtor disclosed up to $10 million in
assets and up to $50 million in liabilities.

Judge Christopher Lopez oversees the case.

Michael P. Cooley, Esq., at Reed Smith, LLP, represents the Debtor
as legal counsel.


P&P CONSTRUCTION: Taps Peckar & Abramson as Special Counsel
-----------------------------------------------------------
P&P Construction Group, LLC and its affiliates seek approval from
the U.S. Bankruptcy Court for the Southern District of Texas to
employ Peckar & Abramson, P.C. as their special construction and
surety counsel.

The firm will render these services:

     (a) advise the Debtors with respect to cash collateral issues
regarding the Debtors' sureties;

     (b) review key documentation relating to the restructuring
insofar as they relate to the Debtors' sureties;

     (c) provide general broad support and advice, including
advising on matters relating to the Debtors' business operations;

     (d) provide counsel to Debtors on active construction
projects, including assistance with the development of claims for
relief; and

     (e) provide any additional work related to the Debtors'
business operations with respect to the Debtors' chapter 11 cases.


Peckar & Abramson will be compensated at a 10 percent discount on
its standard hourly rates. The discounted rates are:

     Partners            $495
     Associates          $400
     Legal Assistants    $200

Matthew S.C. Moore, Esq., the managing partner of the Texas offices
at Peckar & Abramson, disclosed in a court filing that his firm is
a "disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Matthew S.C. Moore, Esq.
     Peckar & Abramson, PC
     3050 Post Oak Boulevard, Suite 500
     Houston, TX 77056
     Telephone: 713-568-1500
     Facsimile: 713-568-1490
     Email: mmoore@pecklaw.com

                   About P&P Construction Group

P&P Construction Group, LLC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-90292) on
April 12, 2023. In the petition signed by its chief executive
officer, Jeffrey Anapolsky, the Debtor disclosed up to $10 million
in assets and up to $50 million in liabilities.

Judge Christopher Lopez oversees the case.

The Debtor tapped Michael P. Cooley, Esq., at Reed Smith, LLP as
bankruptcy counsel and Peckar & Abramson, PC as special counsel.


PALASOTA CONTRACTING: Hires Waldron & Schneider as Counsel
----------------------------------------------------------
Palasota Contracting, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Waldron &
Schneider, PLLC as its legal counsel.

The Debtor requires legal counsel to:

     a. give advice with respect to the rights, duties and powers
of the Debtor in its Chapter 11 case;

     b. advise the Debtor in its consultations relative to the
administration of the case;

     c. assist the Debtor in analyzing claims of creditors and in
negotiating with such creditors;

     d. assist the Debtor in the analysis of and negotiations with
any third party concerning matters relating to, among other things,
the terms of a plan of reorganization;

     e. represent the Debtor at all hearings and other
proceedings;

     f. review and analyze all applications, orders, statements of
operations and schedules filed with the court and advise the Debtor
as to their propriety;

     g. assist the Debtor in preparing pleadings; and

     h. perform other necessary legal services.

The firm will be paid at these rates:

     Attorneys                         $250 - $405 per hour
     Clerks/Paraprofessionals/
       Other timekeepers              $175 per hour

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

The retainer fee is $30,000.

Kimberly Bartley, Esq., a partner at Waldron & Schneider, disclosed
in a court filing that her firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Kimberly A. Bartley, Esq.
     Waldron & Schneider, PLLC
     15150 Middlebrook Drive
     Houston, TX 77058
     Telephone: (281) 488-4438
     Facsimile: (281) 488-4597
     Email: kbartley@ws-law.com

                    About Palasota Contracting

Palasota Contracting, LLC, a company in Bryan, Texas, sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Texas Case No. 23-31447) on April 24, 2023, with up to $50,000
in assets and up to $50 million in liabilities. Ricky Palasota,
Jr., president of Palasota Contracting, signed the petition.

Judge Eduardo V. Rodriguez oversees the case.

Kimberly A. Bartley, Esq., at Waldron & Schneider, PLLC represents
the Debtor as legal counsel.


PALLADIUM CORRAL: Seeks to Hire West & West Attorneys as Counsel
----------------------------------------------------------------
Palladium Corral, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Texas to hire West & West Attorneys at
Law, P.C. as its counsel.

The firm's services include:

     (a) advising the Debtor as to its powers and duties in the
continued operation of its business and management of its
properties during bankruptcy;

     (b) taking actions to preserve and protect the Debtor's
assets, including, if required by the facts and circumstances, the
prosecution of adversary proceedings and other actions on the
Debtor's behalf, the defense of actions commenced against the
Debtor, negotiations concerning litigation in which the Debtor is
involved, objection to the allowance of any objectionable claims
filed against the Debtor's estate and estimation of claims against
the estate where appropriate;

     (c) preparing legal documents;

     (d) assisting the Debtor in the development, negotiation and
confirmation of a plan of reorganization and the preparation of a
disclosure statement; and

     (e) other necessary legal services.

The firm's attorney and paralegals will be paid at these rates:

     Dean W. Greer, Esq.   $400 per hour
     Paralegals            $100 per hour

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

The Debtor has agreed to pay West & West a retainer in the sum of
$11,000.

Dean Greer, Esq., a partner at West & West, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Dean W. Greer, Esq.
     West & West Attorneys at Law, P.C.
     2929 Mossrock, Ste. 204
     San Antonio, TX 78230
     Tel: (210) 342-7100
     Fax: (210) 342-3633
     Email: dean@dwgreerlaw.com

                      About Palladium Corral

Palladium Corral, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No.
23-50546) on May 2, 2023. The petition was signed by Brian J. Smith
as managing member. At the time of filing, the Debtor estimated $1
million to $10 million in both assets and liabilities.

Judge Michael M. Parker presides over the case.

Dean W. Greer, Esq., at West & West Attorneys at Law, P.C.
represents the Debtor as counsel.


PHOTIZO LLC: Judy Wolf Weiker Named Subchapter V Trustee
--------------------------------------------------------
The U.S. Trustee for Region 10 appointed Judy Wolf Weiker as
Subchapter V trustee for Photizo LLC.

The Subchapter V trustee can be reached at:

     Judy Wolf Weiker
     P.O. Box 40185
     Indianapolis, IN 46240
     Phone: (973) 768-2735
     Email: JWWWtrustee@manewitzweiker.com

                         About Photizo LLC

Photizo LLC filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Ind. Case No. 23-02065) on May 16,
2023, with $50,001 to $100,000 in assets and $100,001 to $500,000
in liabilities. Judge James M. Carr oversees the case.

The Debtor is represented by John Joseph Allman, Esq., at Hester
Baker Krebs, LLC.


PINNACLE DRILLING: Asset Sale Proceeds to Fund Plan Payments
------------------------------------------------------------
Pinnacle Drilling Services, LLC and Pinnacle SWD Texas, LLC, filed
with the U.S. Bankruptcy Court for the Northern District of Texas a
Joint Disclosure Statement for the Joint Plan of Liquidation dated
May 22, 2023.

The Debtors are Texas limited liability companies. The Debtors were
each organized for the purpose of providing oilfield services.

The covid pandemic and associated oil market correction not only
impacted the Debtors' businesses, but the businesses of many of
their customers. The Debtors' accounts receivable became harder and
harder to collect. Many of the Debtors' customers went out of
business or filed for bankruptcy themselves. These significant
stresses, coupled with the litigation proceedings left the Debtors
with no choice but to seek bankruptcy protection.

Pinnacle Drilling owns approximately 10 acres of land in Gaines
County, Texas as well as some drilling rig equipment. Pinnacle
Drilling believes these assets, if sold pursuant to the Plan, will
produce between $575,000.00 and $850,000.00 in proceeds. The total
claims filed in the Pinnacle Drilling case are approximately
$361,057.97.

Pinnacle SWD owns salt water disposal leases in Dawson County,
Texas and some miscellaneous equipment. Pursuant to the Plan,
Pinnacle SWD would sell all equipment an assume and assign
saltwater disposal leases to Alpha Properties Texas, LLC for
$450,000. The total claims filed in the Pinnacle SWD case are
approximately $1,108,678.25. Gaines County Appraisal District, TX
filed a claim in the Pinnacle SWD case for $304,926.90.

However, the Debtors believe that most, if not all of this claim,
should have been asserted against Pinnacle Drilling based on the
collateral Gaines County asserts a lien against, which is actually
owned by Pinnacle Drilling. Debtors may have to assert objections
to this proof of claim.

Class 2.A and 2.B General Unsecured Claims each consist of Allowed
Unsecured Claims against the respective Debtor held by creditors
who are not insiders or affiliates of the Debtors.

As to Pinnacle SWD Creditors holding Allowed Class 2.A Claims, they
will share pro rata in any assets remaining after payment of Claims
in Classes 1.1.A and 1.2.A. Such payments will be made as soon as
reasonably practicable after all the Claims in the foregoing
Classes are paid in full; provided, however, that notwithstanding
the Debtors' rights to request estimation, no distribution to Class
2.A or 3.A. shall be made until the complete and final resolution
by Final Order of all Class 2.A Claims, including Undetermined
Claims.

As to Pinnacle Drilling Creditors holding Allowed Class 2.B Claims,
they will share pro rata in any assets remaining after payment of
Claims in Class 1.2.B. Such payments will be made as soon as
reasonably practicable after all the Claims in the foregoing
Classes are paid in full; provided, however, that notwithstanding
the Debtors' rights to request estimation, no distribution to Class
2.B or 3.B. shall be made until the complete and final resolution
by Final Order of all Class 2.B Claims, including Undetermined
Claims.

The Class 2.A and 2.B General Unsecured Claims are impaired under
the Plan.

The Class 3.B Equity Interest Holders consist of the equity
interests held by the members of Pinnacle Drilling Services, and by
any holder of a Claim which is ultimately recharacterized as
equity.

The Class 3.B Equity Interest Holders' equity percentage equaling
the total amount of such interests in each of the Debtors shall be
determined as of the date of distribution to Class 3.B, and to the
extent Classes 1.2.B, and 2.B are paid in full. The Class 3.A and
3.B Equity Interest Holders are impaired under the Plan.

The Plan contemplates the sale of substantially all of each
Debtor's assets (the "Assets") to a third party (the "Sale")
pursuant to Bankruptcy Code Sections 363(b) and (f) and 1123(b)(4).
The sale of the Pinnacle SWD Property will be made to Alpha
Properties Texas, LLC for the sum of $450,000.00 in cash. The
Debtors seek authority, in connection with Confirmation of the
Plan, to sell the Pinnacle Pinnacle Drilling Property to the bidder
submitting the highest and best offer, free and clear of any liens,
claims, encumbrances, or other interests. The Confirmation Order
shall contain specific authority for the sale of the Debtors'
assets free and clear of any liens, claims, encumbrances or other
interests.

Contemporaneously with the later of (a) the Closing or (b) the
Effective Date, the Purchasers shall transfer to the applicable
Debtor the proceeds of the Sales to be used to satisfy
Administrative and Priority claims, followed by the Class 1.1 SBA
claim and the Class 1.2 Secured Governmental Authority Claims, with
remaining funds to be distributed as set forth in the claim
treatment plan. Any other assets of the Debtors not transferred to
the Purchasers at Closing, including all Avoidance Actions, shall
vest in the Reorganized Debtors for the benefit of holders of
Allowed Claims against the Debtors' estate.

A full-text copy of the Joint Disclosure Statement dated May 22,
2023 is available at https://urlcurt.com/u?l=fylwwV from
PacerMonitor.com at no charge.

Counsel for Debtors:

     J. Seth Moore, Esq.
     Email: smoore@condontobin.com
     CONDON TOBIN SLADEK THORNTON NERENBERG, PLLC
     8080 Park Lane, Suite 700
     Dallas, Texas 75231
     Telephone: (214) 265-3852
     Facsimile: (214) 691-6311

                About Pinnacle Drilling Services

Pinnacle Drilling Services LLC --
https://www.pinnacledrillingservices.com/ -- is one of the fastest
growing driling company in Texas.

Pinnacle Drilling Services LLC sought Chapter 11 bankruptcy
protection (Bankr. M.D. Tex. Case No. 22-50037) on March 31, 2022.
In the petition filed by Robert Nathis, president, Pinnacle
Drilling estimated assets between $1 million and $10 million and
liabilities between $100,000 and $500,000.  J. Seth Moore, Esq., of
CONDON TOBIN SLADEK THORNTON NERENBERG, PLLC, is the Debtor's
counsel.


PRECISION FORGING: Seeks to Hire Master Plan as Accountant
----------------------------------------------------------
Precision Forging Dies, Inc. seeks approval from the U.S.
Bankruptcy Court for the Central District of California to employ
Master Plan, LLC as its accountant.

The firm will render these services:

   -- oversee the internal accounting systems employed by the
Debtor;

   -- assist the Debtor in gathering information for the
preparation of its federal and state tax returns;

   -- assist the Debtor and its professionals in preparing and
reviewing financial projections;

   -- assist the Debtor in complying with the Guidelines and
Reporting Requirements promulgated by the Office of the United
States Trustee; and

   -- providing such additional financial analysis, projections,
and other accounting services as may be required.

The firm charges $175 per hour for accounting and bookkeeping
services.

As disclosed in court filings, Master Plan is a disinterested
person within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached through:

     Daniel C. Geiger, EA
     Master Plan LLC
     6767 W. Tropicana Ave., Ste 215
     Las Vegas, NV 89103
     Phone: 702-795-7990

                   About Precision Forging Dies

Precision Forging Dies, Inc. -- https://precisionforgingdies.com --
specializes in precision manufacturing and servicing of structural
components, tooling, and turbines for military, commercial and
space industries. The company is based in South Gate, Calif.

Precision Forging Dies filed a petition for relief under Subchapter
V of Chapter 11 of the Bankruptcy Code (Bankr. C.D. Calif. Case No.
23-12015) on April 3, 2023. In the petition filed by its chief
executive officer, Dan Kloss, the Debtor reported $10 million to
$50 million in assets and $1 million to $10 million in
liabilities.

Judge Julia W. Brand oversees the case.

The Debtor tapped Robert P. Goe, Esq., at Goe Forsythe & Hodges,
LLP as legal counsel and Master Plan, LLC as accountant.


PREMIERE GLOBAL: Franklin BSP Marks $969,000 Loan at 85% Off
------------------------------------------------------------
Franklin BSP Lending Corp has marked its $969,000 loan extended to
Premiere Global Services, Inc to market at $146,000 or 15% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Premiere Global Services, Inc. The loan accrues interest at
a rate of 13.50% (P+ 5.50%) per annum. The loan was scheduled to
mature April 7, 2023.

Franklin BSP said the loan is on non-accrual status as of March 31,
2023.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Premiere Global Services, Inc. provides collaboration software. The
Company offers web casting, event streaming, project management;
cloud based virtual meeting, audio, video, and web conferencing
solutions. Premiere Global Services serves customers worldwide.



PREMISE HEALTH: S&P Downgrades ICR to 'B-', Outlook Stable
----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on
Tennessee-based Premise Health Holding Corp. to 'B-' from 'B'; the
outlook is stable.

S&P said, "At the same time, we lowered our issue-level rating on
the company's first-lien debt to 'B-' from 'B'. The recovery rating
on this debt is '3', indicating our expectation for meaningful
recovery (50%-70%; rounded estimate: 60%) in the event of default.
We also lowered our rating on the second-lien term loan to 'CCC.'
The recovery rating is '6', indicating our expectation for
negligible recovery (0%-10%; rounded estimate: 0%) in the event of
default.

"The stable outlook reflects our expectation for the company's core
business to continue to deliver high-single-digit revenue growth
and breakeven FOCF in 2024.

"Our 'B-' issuer credit rating reflects our expectation that cash
flow will be constrained for several years due to higher interest
expense, despite resilient growth in the core business as large
corporations continue to see value in Premise's direct health care
model. In 2022, Premise experienced a sharper-than-expected decline
in COVID-19 services revenue and lower EBITDA margins as indirect
expenses increased. Although we lowered our annual growth rate
expectations, we believe the company's core business will deliver
resilient growth through the opening of new near-site care
locations, increased script volumes, and new product offerings. We
believe the company's core results demonstrate strong demand from
large, self-funded employers to rein in costs by utilizing a direct
health care model. We lowered our 2023 revenue growth forecast to
3% from our prior estimate of 9% to reflect remaining COVID-19
services revenue run-off. We also lowered our annual growth rate
forecast beyond 2023 to 7% from 9% as we expect the company to
scale back on certain growth initiatives to preserve cash flow. We
don't expect any further margin compression given a continued
decline in wage inflation and the partial defrayal of direct
expenses through cost-plus contracts with customers.

"Premise has significant exposure to changes in short-term interest
rates given that all its debt carries a floating rate and is
unhedged. We are projecting higher benchmark policy rates,
resulting in interest expense roughly $17 million higher than our
prior expectations. We expect interest rates to peak in calendar
2023 and remain high in 2024. We forecast a material FOCF deficit
in 2023, improving to breakeven in 2024, and turning positive
thereafter. We believe Premise's low maintenance capital
expenditure (capex) requirement and flexibility in ability to pare
back growth capex will help it avoid a deep, multiyear FOCF
deficit.

"Premise benefits from its position as a market leader in
employer-direct health care but faces stiff, indirect competition
from consolidated providers. Large, self-funded employers continue
to seek ways to hedge against rising health care expenses and an
increasing number of health-related challenges faced by their
employees. We believe Premise remains well-positioned to benefit
from this growing demand from employers for preventive care and
ancillary services centered around employee well-being. As the
largest employer direct health care provider in the U.S., Premise
boasts a diversified blue-chip customer base with a 95% retention
rate and a strong pipeline for new commercial customers. The
company has capitalized on recent trends such as remote/hybrid work
arrangements and an increased need for behavioral health care. To
these ends, Premise has continued to invest in near-site clinics
located in employees' communities and has ramped up hiring of
licensed clinical social workers.

"Still, the market for preventive and non-acute health care
services is categorized by a high level of price competition and
financial sponsor-backed consolidation. We expect competitive
pressure to continue to grow in this space given low barriers to
entry which limits Premise's pricing power. However, Premise has a
good degree of margin stability because its contracts are direct
with the employers such that they have no reimbursement risk.

"We expect a pause in acquisition activity and for leverage to
remain between 8x-9x. Premise's S&P Global Ratings-adjusted
leverage has remained over 8x in the wake of its mid-2022,
debt-financed shareholder distribution. Our expectation for 2023
includes a $10 million to $20 million FOCF deficit and for leverage
to remain between 8x-9x. We believe the company will have to draw
on its revolver in 2023 and pause acquisition activity to maintain
adequate cash balances.

"Our stable outlook on Premise reflects our expectation that core
revenue will grow at a high-single-digit percent pace, EBITDA
margins will remain between 7%-8%, and the company's FOCF will
improve in 2024. We also expect the company to refinance its
revolver and first-lien term loan maturing in mid-2025.

"We could lower our rating on Premise if its operating performance
does not improve over the next 12 months, resulting in continued
FOCF deficits with no clear prospect for recovery, suggesting an
unsustainable capital structure." This could result from:

-- Continued inflationary pressure on wages and selling, general,
and administrative (SG&A) expense;

-- The loss of many large, commercial customers; and

-- A shrinking pipeline for new commercial customers.

S&P could raise its rating on Premise if the company sustainably
increases FOCF to debt above 3% and leverage falls below 7x. This
would likely require a double-digit increase in revenue growth
coupled with improvement in the company's margin.

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

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



PRETIUM PKG: $350M Bank Debt Trades at 38% Discount
---------------------------------------------------
Participations in a syndicated loan under which Pretium PKG
Holdings Inc is a borrower were trading in the secondary market
around 62.1 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $350 million facility is a Term loan that is scheduled to
mature on October 1, 2029.  The amount is fully drawn and
outstanding.

Pretium PKG Holdings, Inc. is a manufacturer of rigid plastic
containers for variety of end markets, including food and beverage,
chemicals, healthcare, wellness and personal care. Pretium PKG
Holdings, Inc. is a portfolio company of Clearlake since January
2020.



PRIME PAINTERS: Taps Rountree Leitman Klein & Geer as Counsel
-------------------------------------------------------------
Prime Painters, LLC received approval from the U.S. Bankruptcy
Court for the Northern District of Georgia to employ Rountree,
Leitman, Klein & Geer, LLC as its legal counsel.

The firm's services include:

     a. advising the Debtor of its powers and duties in the
management of its property;

     b. preparing legal papers;

     c. examining claims of creditors;

     d. assisting with the formulation and preparation of a
disclosure statement and plan of reorganization and with the
confirmation and consummation thereof; and

     e. other necessary legal services.

The firm will be paid at these rates:

     Attorney                  Standard Hourly Rate

     William A. Rountree           $595 per hour
     Will B. Geer                  $595 per hour
     Michael Bargar                $595 per hour
     Hal Leitman                   $425 per hour
     David S. Klein                $495 per hour
     Alexandra Dishun              $425 per hour
     Elizabeth Childers            $395 per hour
     Ceci Christy                  $425 per hour
     Caitlyn Powers                $325 per hour
     Shawn Eisenberg               $300 per hour

     Paralegals:               Standard Hourly Rate:

     Sharon M. Wenger              $225 per hour
     Elizabeth Miller              $250 per hour
     Megan Winokur                 $175 per hour
     Catherine Smith               $150 per hour

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

The firm received a retainer in the amount of $45,000.

William Rountree, Esq., a partner at Rountree, disclosed in a court
filing that his firm is a "disinterested person" pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     William A. Rountree, Esq.
     Rountree, Leitman, Klein & Geer, LLC
     Century Plaza I, 2987
     Clairmont Road, Suite 350,
     Atlanta, GA 30329
     Tel: (404) 584-1238
     Email: wrountree@rlkglaw.com

                       About Prime Painters

Prime Painters, LLC filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 23-20430) on April 14, 2023, with as much as $1
million in both assets and liabilities. Judge James R. Sacca
oversees the case.

The Debtor is represented by William A. Rountree, Esq., at
Rountree, Leitman, Klein & Geer, LLC.


PUG LLC: $1.70B Bank Debt Trades at 15% Discount
------------------------------------------------
Participations in a syndicated loan under which Pug LLC is a
borrower were trading in the secondary market around 85.4
cents-on-the-dollar during the week ended Friday, May 26, 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.



QUALTEK LLC: Moody's Lowers CFR to Ca & Alters Outlook to Stable
----------------------------------------------------------------
Moody's Investors Service has downgraded QualTek LLC's Corporate
Family Rating to Ca from Caa3, its Probability of Default Rating to
D-PD from Caa3-PD, and its legacy senior secured first-lien term
loan to C from Ca. At the same time, Moody's has affirmed the B3
rating on incremental term loan (including a $55 million senior
secured term loan plus a delayed drawn portion) and Caa2 on the
senior secured rollover term loan.

The outlook changed to stable from negative. The SGL-4 Speculative
Grade Liquidity Rating remains unchanged.

On May 24, 2023, QualTek announced that it has filed voluntary
petitions for Chapter 11 cases and expects at least 85% of its
secured debt holders and about 80% of its convertible noteholders
will support its financial restructuring plan.

Moody's will withdraw QualTek's ratings upon cancellation of the
rated debt instruments.

ESG factors are a key driver for the action. In particular, the
bankruptcy filing reflected very high governance risks associated
with the company's large amount of debt and earnings
underperformance against expectations.

Downgrades:

Issuer: QualTek LLC

Corporate Family Rating, Downgraded to Ca from Caa3

Probability of Default Rating, Downgraded to D-PD from Caa3-PD

Senior Secured First Lien Term Loan B, Downgraded to C from Ca

Affirmations:

Issuer: QualTek LLC

Senior Secured Term Loan, Affirmed B3

Senior Secured Delayed Draw Term Loan, Affirmed B3

Senior Secured Rollover Term Loan, Affirmed Caa2

Outlook Actions:

Issuer: QualTek LLC

Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The Chapter 11 filing constituted an event of default that
accelerated substantially all of QualTek's debt obligations. The
downgrade of QualTek's CFR to Ca from Caa3 reflects the overall
estimated recovery for about 50% for its outstanding debt based on
the company's restructuring plan.

The proposed restructuring plan includes a $65 million
debtor-in-possession term loan financing facility ("DIP Facility"),
which will include a new money funding of $40 million. Upon
approval by the Court, the DIP Facility will provide QualTek with
the liquidity needed to continue operations and pay vendors during
the reorganization.

Upon emergence from Chapter 11, QualTek will significantly reduce
its debt, improve its capital structure and credit metrics.
Currently, QualTek has $625 million outstanding debt, which include
$494 million secured debt and $131 million unsecured convertible
notes. The proposed restructuring plan will reduce its total debt
by $307 million. There will be new ownership comprised of the
company's existing lenders and management team.

QualTek LLC, headquartered in Blue Bell, PA, provides engineering,
infrastructure assessment, installation, project management,
fulfillment, business continuity and disaster recovery services to
the North American telecommunications and power sectors. The
company generated revenues of about $754 million in 2022.

The principal methodology used in these ratings was Construction
published in September 2021.


R & D CARPENTER: To Seek Plan Confirmation at June 27 Hearing
-------------------------------------------------------------
Judge John W. Kolwe has entered an order conditionally approving
the Disclosure Statement filed by David Keating for debtor R & D
Carpenter Holdings, LLC.

June 20, 2023, is fixed as the last day for filing written
acceptances or rejections of the Plan.

June 27, 2023, at 2:30 pm at 800 Lafayette Street, 3rd Floor,
Courtroom Five, Lafayette, Louisiana is fixed for the hearing on
final approval of the disclosure (if a written objection has been
timely filed) and for the hearing on confirmation of the Plan.

June 20, 2023, is fixed as the last day for filing and serving
written objections to the Disclosure Statement and confirmation of
the Plan.

                  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.


RANDAZZO'S CLAM BAR: Taps Vincent Lentini as Bankruptcy Attorney
----------------------------------------------------------------
Randazzo's Clam Bar NY Inc. seeks approval from the U.S. Bankruptcy
Court for the Eastern District of New York to hire Vincent Lentini,
Esq., an attorney in Manhasset, N.Y., to handle its Chapter 11
case.

The Debtor paid Mr. Lentini a retainer of $15,000 plus the court
filing fee of $1,738. His billing rate is $650 per hour.

Mr. Lentini disclosed in a court filing that he is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

Mr. Lentini can be reached at:

     Vincent M. Lentini, Esq.
     1129 Northern Blvd. Ste. 404
     Manhasset, NY 11030
     Tel: (516) 228-3214
     Email: vincentmlentini@gmail.com
                    About Randazzo's Clam Bar NY


Randazzo's Clam Bar NY Inc. filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 23-41151) on April 3, 2023, with as much
as $1 million in assets and $100,001 to $500,000 in liabilities.
Judge Nancy Hershey Lord oversees the case.

Vincent M. Lentini, Esq., in Manhasset, N.Y., is the Debtor's
bankruptcy counsel.


RE-CONNECT MY LIFE: Charles Mouranie Named Subchapter V Trustee
---------------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Charles Mouranie of
CMM & Associates as Subchapter V trustee for Re-Connect My Life,
Inc.

Mr. Mouranie will be paid an hourly fee of $335 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

Mr. Mouranie declared that he is a disinterested person according
to Section 101(14) of the Bankruptcy Code.

The Subchapter V trustee can be reached at:

     Charles M. Mouranie CTP
     CMM & Associates
     43313 Woodward Ave., Ste. 1189
     Phone: 248.767.9492
     Email: cmouranie@cmmengllc.com

                      About Re-Connect My Life

Re-Connect My Life, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. E.D. Mich. Case No.
23-30804) on May 11, 2023, with $100,001 to $500,000 in both assets
and liabilities. Joel D. Applebaum oversees the case.

The Debtor is represented by George E. Jacobs, Esq., at the
Bankruptcy Law Offices.


RED PLANET: $1.40B Bank Debt Trades at 16% Discount
---------------------------------------------------
Participations in a syndicated loan under which Red Planet Borrower
LLC is a borrower were trading in the secondary market around 84.5
cents-on-the-dollar during the week ended Friday, May 26, 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.



RESEARCH GROUP: MSC Fund Marks $9.7M Loan at 23% Off
----------------------------------------------------
MSC Income Fund, Inc has marked its $9,768,000 loan extended to
Research Now Group, Inc. and Survey Sampling International, LLC to
market at $7,492,000 or 77% of the outstanding amount, as of March
31, 2023, according to a disclosure contained in MSC Fund's Form
10-Q for the Quarterly Period ended March 31, 2023, filed with the
Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Research Now
Group, Inc. and Survey Sampling International, LLC. The loan
accrues interest at a rate of 10.31% (L +5.50%) per annum. The loan
matures on December 20, 2024.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Research Now Group, Inc. and Survey Sampling International, LLC
provide online and mobile survey-data collection, processing, and
reporting.  The company was acquired by Court Square Capital
Partners through a leveraged buyout transaction.


S O D HOLDINGS: Seeks to Hire J.M. Cook as Legal Counsel
--------------------------------------------------------
S O D Holdings, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of North Carolina to employ J.M. Cook,
P.A. as its legal counsel.

The Debtor requires legal counsel to:

   (a) prepare a Chapter 11 plan of reorganization and other legal
papers necessary in the Debtor's Chapter 11 case;

   (b) assist in evaluating the legal basis for, and effect of, the
various pleadings that will be filed by the Debtor and other
parties involved in the case;

   (c) assist the Debtor in preparing its monthly operating reports
and evaluate and negotiate any proposed plan of reorganization;

   (d) commence and prosecute necessary actions and proceedings on
behalf of the Debtor; and

   (e) perform all other necessary legal services in connection
with the Debtor's reorganization, including court appearances,
research, opinions and consultations on reorganization options,
direction and strategy.

The firm will be paid at these rates:

     Attorneys    $300 per hour
     Paralegals   $75 per hour

The firm paid a retainer of $10,000.

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

J.M. Cook, Esq., a partner at J.M. Cook, P.A., disclosed in a court
filing that his firm is a "disinterested person" pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     J.M. Cook, Esq.
     J.M. Cook, P.A.
     5886 Faringdon Place Suite 100
     Raleigh, NC 27609
     Tel: (919) 675-2411
     Fax: (919) 882-1719
     Email: J.M.Cook@jmcookesq.com

                       About S O D Holdings

S O D Holdings, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. E.D.N.C. Case No. 23-01274) on May
8, 2023, with $1,000,001 to $10 million in both assets and
liabilities. Richard Preston Cook has been appointed as Subchapter
V trustee.

Judge David M. Warren oversees the case.

The Debtor is represented by J.M. Cook, Esq., at J.M. Cook, P.A.


SABRE GLBL: $644M Bank Debt Trades at 25% Discount
--------------------------------------------------
Participations in a syndicated loan under which Sabre GLBL Inc is a
borrower were trading in the secondary market around 75
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $644 million facility is a Term loan that is scheduled to
mature on December 17, 2027.  About $632.7 million of the loan is
withdrawn and outstanding.

Sabre GLBL Inc. provides information technology services. The
Company offers technology solutions including data-driven business
intelligence, mobile, distribution, and Software as a Service
(SaaS) solutions. Sabre GLBL serves customers worldwide.



SABRE HOLDINGS: Moody's Lowers CFR to B3, Outlook Remains Stable
----------------------------------------------------------------
Moody's Investors Service downgraded Sabre Holdings Corporation's
(Sabre or The Company) Corporate Family Rating and Probability of
Default Rating one notch to B3 from B2, and B3-PD from B2-PD,
respectively. The senior secured credit facilities and senior
secured notes at Sabre's wholly-owned subsidiary, Sabre GLBL Inc.
(Sabre GLBL), were also downgraded one notch to B3 from B2. The
Speculative Grade Liquidity Rating (SGL) remains unchanged at
SGL-2. The outlook is stable.

The company plans to raise a new $665 million Senior Secured Term
Loan Facility (the Facility) due 2028 at Sabre Financial Borrower,
LLC (the "Borrower"), a newly created bankruptcy-remote Special
Purpose Vehicle (SPV) and wholly-owned subsidiary of Sabre GLBL.
Centerbridge Credit CS, L.P. (along with its affiliates) will lead
the financing with up to $515 million. Opps Sabre Holdings, L.P.
("Oaktree"), Oak Hill Advisors, L.P., on behalf of certain
investment funds and separate accounts that it manages ("Oak Hill")
and JPMorgan Chase Bank, N.A. ("JPM") will provide the remaining
funds.

The new Facility will be secured by an intercompany loan by the
Borrower to Sabre GLBL, and will receive direct guarantees from,
and security interest in assets of, certain foreign subsidiaries of
Sabre (the foreign Guarantors). The Facility will bear interest at
a floating rate (the "Reference Rate"), payable quarterly and set
in arrears every quarter based on the average of the highest yield
to maturity of any tranche of Sabre GLBL's outstanding reference
indebtedness plus 150 basis points for cash interest or 300 basis
points for payable-in-kind interest, with the Reference Rate for
the first interest period deemed to be 13.00% per annum. The all-in
interest rate floor will be 11.50% for cash interest, 13.00% for
payable-in-kind interest, and have ceiling rate of 17.50% for cash
interest and 19.00% for payable-in-kind interest. The non-cash PIK
election is available through the end of 2025. The Facility will
not amortize, but non-cash PIK will accrete as principal.

Concurrently with the new Facility, the proceeds will be used to
offer a cash tender for up to $615 million of existing senior
secured debt issued by Sabre GLBL Inc. ("Sabre GLBL"), a
wholly-owned subsidiary of Sabre, subject to market demand. The
tenders will be for the 9.25% notes due 2025, 7.375% notes due
2025, and 11.25% notes due 2027 and offered at 97, 92, and 84
respectively, a premium to the discounted trading prices.

Moody's believes the proposed transaction could take out a
significant slug of the nearly $2 billion 2025 maturity tower
(about one third) years ahead of the due dates, proactively
managing and extending the maturity profile. Additionally, based on
certain assumptions including non-cash PIK pay is elected, Moody's
estimates the transaction could save nearly $60 million per annum
in cash interest through the PIK period, totaling about $150
million during the PIK-pay period (through the end of 2025),
providing additional liquidity. However, the downgrade of the CFR
reflects Moody's expectation that the new Facility will be at a
significantly higher rate of interest than existing debt which is
likely to slow the company's deleveraging path (assuming PIK is
elected) and a large portion of the 2025 maturities will remain
outstanding and potentially subject to similar terms should they be
refinanced in similar market conditions. Additionally, the proposed
transaction indicates a financial policy that tolerates the
subordination of existing lenders with respect to foreign assets
which reflects higher governance risk (G-4, reflected in the G-4
Credit Impact Score) and was a key driver of the rating actions.

Downgrades:

Issuer: Sabre Holdings Corporation

Corporate Family Rating, Downgraded to B3 from B2

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

Issuer: Sabre GLBL Inc.

Senior Secured Bank Credit Facility, Downgraded to B3 from B2

Backed Senior Secured Regular Bond/Debenture, Downgraded to B3
from B2

Outlook Actions:

Issuer: Sabre GLBL Inc.

Outlook, Remains Stable

Issuer: Sabre Holdings Corporation

Outlook, Remains Stable

RATINGS RATIONALE

Sabre's B3 CFR reflects an extraordinarily long period of weak
revenue and profitability relative to pre-pandemic levels, with
revenues near 64% of 2019 levels. As a result of the pandemic, the
Company continues to face a range of significant challenges,
including some that could be more permanent structural constraints
including the ultimate recovery of corporate travel which was
nearly 50% of its revenue mix pre-pandemic. Leverage is very high
and EBITDA and free cash flows are negative on an LTM basis and
there is a significant distance in returning to pre-pandemic
levels. Competition in travel services is also high and rising with
a wide range of companies angling for more market share, requiring
significant ongoing technology costs (about 43% of revenue in
2022), as well as sales and marketing expenditures. These costs
will remain a drag on profitability.

The interest rate on the proposed Facility is very high. If the
non-cash PIK feature is elected, leverage will increase by
approximately .35x ($665 million x assumed average 16% PIK interest
/ $300 million EBITDA) over the next year and continue to add
incremental leverage as the PIK interest accretes to debt, delaying
the deleveraging path of the company. Through the PIK period (e.g.,
the end of 2025), Moody's estimates approximately $300 million in
non-cash PIK interest could accrete, and in the first year after
the end of the PIK period (in 2026), the switch to cash-pay will be
an incremental call on cash (about $151 million). Pro forma for the
proposed transaction, Moody's expects leverage to be approximately
8.0x at the end of 2024 but improve materially to under 6x at the
end of 2025 assuming the company's realizes significant cost
synergies and benefits from improving corporate and long-haul
international travel demand.

Despite the challenges, the Company has a strong and established
market position as the number two provider of Global Distribution
System (GDS) services globally, long operating history, and
moderate scale ($2.5 billion revenue). The Company has a stated
financial policy of returning credit metrics to pre-pandemic
levels, including net leverage (management adjusted debt to EBITDA)
targeted at between 2.5x-3.5x, albeit over an extended time frame.
The asset-lite business model requires limited capital intensity
and produces good profitability, with EBITDA margins that should
return to at least the low 20% range on a normalized basis.

Liquidity is good (SGL-2) over the next year reflecting a large
cash balance of approximately $795 million at the end of 2022 which
is more than sufficient to cover all basic obligations over the
next 12 months. The company pays limited preferred stock dividends,
has suspended share repurchases, and its nearest debt maturities
are in 2025.  Moody's expects negative free cash flows in 2023
which will erode the cash balance (and excludes management's $100
million working capital optimization target). Other than the new
Facility covenants, the company is not subject to maintenance
covenants and has no revolving credit facility. Alternate liquidity
is limited given the largely secured capital structure and very
thin market cap.

The senior secured loans and notes, issued at Sabre GLBL Inc.,
Sabre Holdings Corporation's wholly owned direct subsidiary, are
rated B3, equal to Sabre's Corporate Family Rating (CFR) given the
predominance of this debt class in the capital structure. Security
for the existing senior secured lenders includes the assets of all
domestic subsidiaries and a 2/3 stock pledge of the stock of
foreign subsidiaries. The notes are guaranteed by Sabre Holdings
Corporation and each of Sabre GLBL's existing and future
subsidiaries that are borrowers or guarantors of the senior secured
credit facilities. The B3 ratings on the existing senior secured
debt also reflects support provided by subordinate and unrated
exchangeable notes, pension and lease obligations, and trade
payables that Moody's ranks subordinate, the B3-PD Probability of
Default rating and Moody's expectation for an average family
recovery in a default scenario.

The new Facility is expected to be pari-passu with the existing
secured loan and notes with respect to domestic assets but, based
on Moody's current interpretation, is likely to be senior with
respect to the foreign assets that secure the new Facility.
Specifically, the new Facility will have the same collateral, plus
appears to also get a secured guaranty from substantially all
foreign subsidiaries limited to $400 million of the Facility
indebtedness. As a result, Moody's would consider $400 million of
the Facility to have a priority claim over the existing secured
debt with respect to the majority of Sabre's foreign assets. The
final documentation may, however, include additional clarifying
details that changes Moody's view. The new Facility is subject to a
minimum asset coverage test of 85% (e.g., subsidiary guarantors
must hold at least 85% of total gross consolidated assets) and the
guarantors and their subsidiaries will be subject to a minimum
liquidity covenant of at least $100 million.

The stable outlook reflects Moody's forecast for travel demand to
continue recovering, driving above normal growth in bookings
producing revenue near $3.3 - $3.4 billion by the end of 2024.
EBITDA margins could approach 20%, generating close to $600 million
of EBITDA lifted by significant cost actions which could save close
to $400 million. Free cash flows will likely be positive in 2024,
following negative free cash flows in 2023 despite management's
intention to realize up to $100 million in working capital by
optimizing related activities. Moody's forecast assumes the company
repays more than $300 million in debt through 2024 and more than
$800 million through 2025 and maintains cash balances that average
between $500-$750 million.

Note: all figures above are Moody's adjusted, at the end of 2024
unless otherwise noted.

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

Ratings could be upgraded if debt to EBITDA (Moody's adjusted) is
sustained below 5.5x (Moody's adjusted) and free cash flow to debt
is sustained in the mid-single digits. A positive rating action
could also be conditional on successfully refinancing upcoming
maturities well in advance, operating performance is consistent
with management's plan, liquidity improves, and there are no
material unfavorable changes in the company's market position,
scale, diversity, or operating performance including organic growth
and profitability.

Ratings could be downgraded if debt to EBITDA (Moody's adjusted) is
expected to be sustained above 6.5x or negative free cash flow is
expected to be sustained. A negative rating action could also be
considered if operating performance deviates from the company's
plan, liquidity declines, the 2025 debt maturities are not
successfully refinanced well in advance, or there are material
unfavorable and sustained changes in the company's market position,
scale, diversity, or operating performance including organic growth
and profitability.

Based in Southlake, TX, Sabre Holdings Corporation's business is
organized in two segments. The Travel Solutions segment includes
revenues from Global Distribution System (GDS) services (a
software-based passenger reservation system) as well as from
commercial and operations offerings to the airline industry. The
Hospitality Solutions segment includes distribution, operations,
and marketing offerings for the hotel industry. Revenue in 2022
were approximately $2.5 billion.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.


SAFEWAY TRANSPORT: Seeks to Hire Bryant D. Guy as Legal Counsel
---------------------------------------------------------------
Safeway Transport, LLC, seeks approval from the U.S. Bankruptcy
Court for the Southern District of Mississippi to hire Bryant D.
Guy Attorney at Law, PLLC as its legal counsel.

The Debtor requires legal counsel to:

     (a) prepare and file schedules and statement of financial
affairs;

     (b) advise the Debtor with respect to its powers and duties in
the continued management and operation of its business;

     (c) attend meetings and negotiate with representatives of
creditors and other parties involved in the Debtor's Chapter 11
case, and give advice on the conduct of the case, including all of
the legal and administrative requirements of operating in Chapter
11;

     (d) take all necessary actions to protect and preserve the
Debtor's estate, including the prosecution of actions on its
behalf, the defense of any actions commenced against it,
negotiations concerning contracts to which the Debtor is a party,
negotiations concerning all litigation in which the Debtor is
involved, evaluations of claims and liens of various creditors,
and, where appropriate, to object to such claims or liens against
the estate or its property;

     (e) prepare legal papers;

     (f) advise the Debtor in connection with any plan of
reorganization and represent the Debtor in any matter arising out
of, related to or in connection with such plan as well as any
matter that is necessary for the confirmation, implementation or
consummation of the plan; and

     (g) provide other necessary legal services.

The firm will be paid an hourly fee of $250 and will receive
reimbursement for work-related expenses incurred.

The retainer fee is $3,500.

As disclosed in court filings, Bryant D. Guy Attorney at Law is a
"disinterested person" pursuant to Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

     Bryant D. Guy, Esq.
     Bryant D. Guy Attorney at Law, PLLC
     P.O. Box 10173
     Jackson, MS 39286-0173
     Phone: (601) 969-6960
     Email: bdguylaw@yahoo.com

                      About Safeway Transport

Safeway Transport, LLC, filed a Chapter 7 voluntary petition
(Bankr. S.D. Miss. Case No. 23-00103) on Jan. 13, 2023, with as
much as $50,000 in both assets and liabilities.  On May 5, 2023,
the case was converted to one under Chapter 11.

Judge Jamie A. Wilson oversees the case.

Bryant D. Guy Attorney at Law, PLLC, is the Debtor's bankruptcy
counsel.


SAIBABA HOTELS: Gets OK to Hire DeMarco·Mitchell as Legal Counsel
------------------------------------------------------------------
Saibaba Hotels, LLC received approval from the U.S. Bankruptcy
Court for the Eastern District of Texas to employ
DeMarco·Mitchell, PLLC as its legal counsel.

The Debtor requires legal counsel to:

     a. take all necessary actions to protect and preserve the
estate, including the prosecution of actions on its behalf, the
defense of any actions commenced against it, negotiations
concerning all litigation in which it is involved, and objecting to
claims filed against the estate;

     b. prepare legal papers;

     c. formulate, negotiate and propose a Chapter 11 plan of
reorganization; and

     d. perform all other necessary legal services in connection
with the Debtor's Chapter 11 case.

The firm will be paid at these rates:

     Robert T. DeMarco     $400 per hour
     Michael S. Mitchell   $300 per hour
     Barbara Drake         $125 per hour

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

The firm received a retainer of $11,738.

Robert DeMarco, Esq., a partner at DeMarco Mitchell, disclosed in a
court filing that his firm is a "disinterested person" pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Robert T. DeMarco, Esq.
     DeMarco Mitchell, PLLC
     1255 W. 15th Street, 805
     Plano, TX 75075
     Telephone: (972) 578-1400
     Facsimile: (972) 346-6791
     Email: robert@demarcomitchell.com
            mike@demarcomitchell.com

                       About Saibaba Hotels

Saibaba Hotels, LLC operates in the traveler accommodation
industry. The company is based in Frisco, Texas.

Saibaba Hotels filed its voluntary petition for Chapter 11
protection (Bankr. E.D. Texas Case No. 23-40703) on April 24, 2023,
with as much as $1 million to $10 million in both assets and
liabilities. Anuradha Puligundia, managing member of Saibaba
Hotels, signed the petition.

Judge Brenda T. Rhoades oversees the case.

DeMarco Mitchell, PLLC serves as the Debtor's legal counsel.


SANIBEL REALTY: Seeks to Tap Wesoloski Carlson as Special Counsel
-----------------------------------------------------------------
Sanibel Realty Trust LLC seeks approval from the U.S. Bankruptcy
Court of the Southern District of Florida to hire Wesoloski
Carlson, P.A. as its special counsel.

On Feb. 2, 2023, Debtor filed its motion to value and determine
secured status of lien on real property, by which it seeks to value
and determine the allowable amount of secured claims on its
residential condominium property located at 9499 Collins Ave.
PH06, Surfside, Fla. The motion has been scheduled for a final
evidentiary hearing on August 8.

Wesoloski will represent Debtor in connection with the motion.

The firm has agreed that it will not charge the estate for any fees
or costs incurred.

Wesoloski neither holds nor represents any interest adverse to
Debtor or estate on the matter for which WCPA is to be employed,
according to court filings.

The firm can be reached through:

     Erik Wesoloski, Esq.
     Wesoloski Carlson, P.A.
     848 Brickell Ave #302
     Miami, FL 33131
     Phone: +1 786-699-7934

                    About Sanibel Realty Trust

Sanibel Realty Trust, LLC, a company in Miami, Fla., filed a
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 22-18729) on Nov. 11, 2022. In the petition
filed by its manager, Javier Perez, the Debtor reported between $1
million and $10 million in both assets and liabilities.

Judge Robert A. Mark oversees the case.

The Debtor is represented by Nathan G. Mancuso, Esq., at Mancuso
Law, P.A.


SENSIENCE INC: Moody's Cuts CFR to Caa2 & First Lien Debt to Caa1
-----------------------------------------------------------------
Moody's Investors Service downgraded its ratings for Sensience,
Inc., including its corporate family rating to Caa2 from B3 and
probability of default rating to Caa2-PD from B3-PD. Moody's also
downgraded Sensience's senior secured first lien bank credit
facilities to Caa1 from B2, and its senior secured second lien term
loan to Caa3 from Caa2. The outlook is stable.

The ratings downgrades reflect an elevated risk of a distressed
exchange following Sensience's significant cash burn and limited
revolver availability resulting in weak liquidity. Modest revenue
growth over the next several quarters will provide only incremental
cash flow as the demand for home appliances slow. Interest coverage
will remain weak due to weaker operating performance and an
elevated interest rate environment.

Downgrades:

Issuer: Sensience, Inc.

Corporate Family Rating, Downgraded to Caa2 from B3

Probability of Default Rating, Downgraded to Caa2-PD from B3-PD

Backed Senior Secured 1st Lien Term Loan, Downgraded to Caa1 from
B2

Backed Senior Secured 1st Lien Revolving Credit Facility,
Downgraded to Caa1 from B2

Backed Senior Secured 2nd Lien Term Loan, Downgraded to Caa3 from
Caa2

Outlook Actions:

Issuer: Sensience, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Sensience, Inc.'s Caa2 CFR reflects the company's modest revenue
base and weak liquidity since separating from Emerson Electric
Company ("Emerson") in May 2022. Revenue will remain volatile given
Sensience's limited recurring, or aftermarket, business. The
company's safety sensors and related components are included in
home appliances such as washing machines and dishwashers and are
designed to outlast the useful life of the products into which they
are incorporated. Sensience's customer base is cyclical and has
elevated exposure to the US housing market. Free cash flow
generation will be limited because of nonrecurring costs in the
near term as the company invests in IT and other systems needed to
operate as a standalone entity. Weak interest coverage (i.e.,
EBITA/interest expense of less than 1.0 time) will be driven by
high interest rates that Sensience will pay on its floating rate
debt. Debt/EBITDA will also remain high at above 8.0 times over the
next 12-18 months.

The rating is supported by Sensience's market leading position in
mission-critical sensing and hermetically sealed safety products.
The company benefits from long-standing customer relationships
established during its time as a subsidiary of Emerson and the
inherent stickiness of its products once a customer's product
platform enters production. Emerson will remain its largest
customer by sales, though Sensience benefits from good customer
diversity with the top ten customers comprising 40% of sales.
Sensience has a long-term supply agreement with Emerson that will
maintain Sensience's existing wallet share with Emerson.

The stable outlook reflects Sensience's weak liquidity profile,
highlighted by Moody's expectation of continued negative free cash
flow and limited availability under its revolving credit facility,
for the next several quarters.    
     
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Ratings could be upgraded if liquidity improves, supported by
positive free cash flow or if the company successfully transitions
to a standalone enterprise. EBITA/interest expense sustained above
1.0 time could also lead to an upgrade.

Ratings could be downgraded if there is any further deterioration
in liquidity, operating performance, or interest coverage that
results in a higher probability for a distressed exchange.

Sensience, Inc. is a designer and manufacturer of mission critical
safety sensors and sealed connecting components, such as bimetal
snap controls and thermal cutoff fuses, found in home appliances as
well as air conditioning terminals and temperature sensors used in
HVAC systems. The company generated $362 million of revenue during
its fiscal 2022 year ended September 30, 2022.

The principal methodology used in these ratings was Manufacturing
published in September 2021.


SERTA SIMMONS: Clashes With Lenders in Final Bankruptcy Fight
-------------------------------------------------------------
Amelia Pollard of Bloomberg Law reports that after four months
sparring in bankruptcy court, Serta Simmons Bedding LLC and its
snubbed lenders had a final standoff on Thursday, May 25, 2023, as
the company asked a federal judge to approve its restructuring
plan.

The mattress seller's proposed plan to exit bankruptcy has met
stiff resistance from some of its lenders, including Apollo Global
Management and Angelo Gordon & Co., who claim a now-infamous
refinancing deal in 2020 unfairly pushed them back in the repayment
line.

                 About Serta Simmons Bedding

Serta Simmons Bedding, together with its non-debtor affiliates, are
manufacturers and marketers of bedding products in North America,
operating various bedding manufacturing facilities across the
United States and Canada.

Serta Simmons Bedding, LLC filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case
No. 23-90020) on Jan. 23, 2023. The petitions were signed by John
Linker, chief financial officer, treasurer and assistant secretary.
At the time of filing, the Debtors estimated $1 billion to $10
billion in both assets and liabilities.

Serta Simmons tapped Weil, Gotshal & Manges as counsel, Evercore
Group, LLC, as its investment banker, and FTI Consulting, Inc., as
its financial advisor.  Epiq Corporate Restructuring, LLC, is the
claims and noticing agent.  Pricewaterhousecoopers LLP is the tax
services advisor.


SHUTTERFLY LLC: $1.11B Bank Debt Trades at 42% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Shutterfly LLC is a
borrower were trading in the secondary market around 58.5
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $1.11 billion facility is a Term loan that is scheduled to
mature on September 25, 2026.  About $1.09 billion of the loan is
withdrawn and outstanding.

Shutterfly, LLC is an American photography, photography products,
and image sharing company, headquartered in Redwood City,
California.




SILVER CREEK: Seeks to Hire Winthrop as Legal Counsel
-----------------------------------------------------
Silver Creek Industries, LLC seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
Winthrop Golubow Hollander, LLP as its legal counsel.

The firm will render these services:

     1. advise and assist the Debtor with respect to compliance
with the requirements of the Office of the United States Trustee;

     2. advise the Debtor regarding matters of bankruptcy law,
including the rights and remedies of the Debtor in regard to its
assets and to the claims of its creditors;

     3. represent the Debtor in any proceedings or hearings in this
Court and in any proceedings in any other court where the Debtor's
rights under the Bankruptcy Code may be litigated or affected;

     4. conduct examinations of witnesses, claimants, or adverse
parties and to prepare, and to assist the Debtor in the preparation
of reports, accounts, and pleadings related to the Debtor's case;

     5. advise the Debtor concerning the requirements of the
Bankruptcy Code, the Federal Rules of Bankruptcy Procedure and the
Local Bankruptcy Rules;

     6. file any motions, applications or other pleadings
appropriate to effectuate the resolution of the Debtor's case;

     7. review claims filed in the Debtor's case, and, if
appropriate, to prepare and file objections to disputed claims;

     8. assist the Debtor in all aspects of the sale process in the
Debtor's case;

     9. assist the Debtor in the negotiation, formulation,
confirmation, and implementation of a liquidating Chapter 11 plan;

    10. take such other action and perform such other services as
the Debtor may require of the Firm in connection with its case;
and

    11. address any other bankruptcy-related issues that may arise
in the Debtor's case.

Winthrop will bill these hourly rates:

     Attorneys

     Marc J. Winthrop              $895
     Robert E. Opera               $895
     Sean A. O'Keefe, Of Counsel   $895
     Richard H. Golubow            $795
     Garrick A. Hollander          $795
     Peter W. Lianides             $795
     Matthew J. Stockl             $525

     Paralegals/Legal Assistants

     P.J. Marksbury                $350
     Jeannie Martinez              $275
     Legal Assistant Associates    $225

The firm received a retainer in the amount of $118,905.

Robert Opera, Esq., attorney with Winthrop Golubow, assured the
court that his firm is "disinterested" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Robert E. Opera, Esq.
     Winthrop Golubow Hollander, LLP
     1301 Dove Street, 5th Floor
     Newport Beach, CA 92660
     Phone: 949-720-4100
     Email: ropera@wghlawyers.com

                   About Silver Creek Industries

Silver Creek Industries LLC is a modular construction company
headquartered in California. The Debtor sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. C.D. Cal. 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.


SKILLSOFT CORP: Franklin BSP Marks $1.3M Loan at 16% Off
--------------------------------------------------------
Franklin BSP Lending Corp has marked its $1,370,000 loan extended
to Skillsoft Corp to market at $1,152,000 or 84% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in Franklin BSP's Form 10-Q for the Quarterly Period ended March
31, 2023, filed with the Securities and Exchange Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Skillsoft Corp. The loan accrues interest at a rate of
10.10% (S+ 5.25%) per annum. The loan matures on July 14, 2028.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Skillsoft Corp. (NYSE: SKIL) delivers online learning, training,
and talent solutions to help organizations unleash their edge.
Leveraging immersive, engaging content, Skillsoft enables
organizations to unlock the potential in their best assets their
people and build teams with the skills they need for success.


SOUND INPATIENT: $200M Bank Debt Trades at 35% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Sound Inpatient
Physicians Holdings LLC is a borrower were trading in the secondary
market around 64.6 cents-on-the-dollar during the week ended
Friday, May 26, 2023, according to Bloomberg's Evaluated Pricing
service data.

The $200 million facility is a Term loan that is scheduled to
mature on June 28, 2025.  About $186 million of the loan is
withdrawn and outstanding.

Sound Inpatient Physicians Holdings, LLC, through its subsidiaries,
provides healthcare services.



SOUND INPATIENT: $610M Bank Debt Trades at 31% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Sound Inpatient
Physicians Holdings LLC is a borrower were trading in the secondary
market around 68.7 cents-on-the-dollar during the week ended
Friday, May 26, 2023, according to Bloomberg's Evaluated Pricing
service data.

The $610 million facility is a Term loan that is scheduled to
mature on June 28, 2025.  About $593.8 million of the loan is
withdrawn and outstanding.

Sound Inpatient Physicians Holdings, LLC, through its subsidiaries,
provides healthcare services.



STAGE LIGHTING: Hires Parker & DuFresne P.A. as Counsel
-------------------------------------------------------
Stage Lighting Store, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ the Law Firm
Parker & DuFresne, P.A. as counsel.

The firm will provide these services:

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

   b. advise the Debtor with respect to their responsibilities in
complying with the US Trustee's Operating Guidelines and Reporting
Requirements and with the Local Rules of this Court;

   c. prepare motions, pleadings, orders, applications, disclosures
statements, plans of reorganization, commence adversary
proceedings, and prepare other such legal documents necessary in
the administration of this case;

   d. protect the interest of Debtor in all matters pending before
the Court; and

   e. represent the Debtor in negotiations with his creditors and
in preparation of the disclosure statement and plan of
reorganization.

The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

The firm received from the Debtor a retainer in the amount of
$12,000.

Donald M. DuFresne, Esq., a partner at Parker & Dufresne, P.A.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Donald M. DuFresne, Esq.
     Parker & Dufresne, P.A.
     8777 San Jose Blvd., Suite 301
     Jacksonville, FL 32217
     Tel: (904) 733-7766
     Email: dufresne@jaxlawcenter.com

              About Stage Lighting Store, LLC

Stage Lighting Store, LLC is a stage lighting equipment supplier
for school play, professional production, event venue, and church
service needs.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-01061) on May 11,
2023. In the petition signed by Russell Behrens, owner, the Debtor
disclosed $226,028 in assets and $1,395,986 in liabilities.

Donald M. DuFresne, Esq., at Parker & Dufresne, P.A., represents
the Debtor as legal counsel.


STAGE LIGHTING: Robert Altman Named Subchapter V Trustee
--------------------------------------------------------
The U.S. Trustee for Region 21 appointed Robert Altman as
Subchapter V Trustee for Stage Lighting Store, LLC.

Mr. Altman will be paid an hourly fee of $275 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

Mr. Altman declared that he is a disinterested person according to
Section 101(14) of the Bankruptcy Code.  

The Subchapter V trustee can be reached at:

     Robert Altman
     P.O. Box 922
     Palatka, FL 32178-0922
     Phone: (386)325-4691
     Fax: (386) 256-1423
     Email: robertaltman@bellsouth.net

                     About Stage Lighting Store

Stage Lighting Store, LLC is a stage lighting equipment supplier
for school play, professional production, event venue, and church
service needs. The company is based in Jacksonville, Fla.

Stage Lighting Store filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-01061) on
May 11, 2023, with $226,028 in assets and $1,395,986 in
liabilities. Russell Behrens, owner of Stage Lighting Store, signed
the petition.

Judge Jason A. Burgess oversees the case.

Donald M. DuFresne, Esq., at Parker & Dufresne, P.A., represents
the Debtor as legal counsel.


STO-ROX SCHOOL: Moody's Affirms 'Caa1' Issuer & GOULT Ratings
-------------------------------------------------------------
Moody's Investors Service has affirmed Sto-Rox School District,
PA's Caa1 issuer and Caa1 general obligation unlimited tax (GOULT)
underlying ratings and revised the outlook to positive from
negative. The A1 fiscal agent enhanced rating is unaffected. At the
end of the 2022 fiscal year, the district had $9.0 million in net
direct debt outstanding.

RATINGS RATIONALE

The district's Caa1 issuer rating reflects its highly pressured
financial position. The district's budget management has proven
inadequate for multiple years, resulting in persistently negative
reserves. Costs related to outside charter and cyber school tuition
continue to pressure the district's financial operations. Weak
resident wealth and high poverty have made tax collections
challenging.

Despite these persistent challenges, the district's financial
position has improved materially over the last two fiscal years,
and further improvement is expected through 2025; the district
reserve position is poised to turn positive at the end of the
current (2023) fiscal year for the first time since fiscal 2014.
That said, the improvement is almost entirely attributable to
extraordinary state support and federal coronavirus aid. The rating
further reflects the district's very weak resident wealth and
income levels, recent enrollment loss that is expected to persist,
and its manageable leverage - which is a credit strength. The
district remains under the Pennsylvania Department of Education's
Financial Recovery status, which has contributed to its improved
financial outlook.

The lack of distinction between the district's issuer rating and
the Caa1 rating on the district's GOULT debt is based on the
district's general obligation full faith and credit pledge.

The district's A1 fiscal agent enhanced rating, which applies to
its Series of 2017 debt, reflects its direct-pay agreement with the
commonwealth, in which the district has directed the treasurer of
the commonwealth to automatically appropriate its state aid to the
fiscal agent for the benefit of bondholders without any further
notice required. For the issuances of debt, the state has agreed to
withhold a portion of the commonwealth appropriations due to the
district in advance of payments that are due to bondholders.

RATING OUTLOOK

The positive outlook on the district's underlying ratings reflects
Moody's expectation that the district's reserve position will turn
positive in fiscal 2023 following three consecutive years of
operating surpluses.

FACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS

     Sustained improvement in reserves and liquidity

     Improved resident wealth and income levels

FACTORS THAT COULD LEAD TO A DOWNGRADE OF THE RATINGS

    Additional operating deficit(s)

     Missed debt service payment(s)

LEGAL SECURITY

All of the district's debt, including its Series of 2023 bonds, is
backed by its general obligation unlimited tax (GOULT) pledge.

The district's debt is further enhanced by the Pennsylvania School
District Intercept Program. The intercept program is not a general
obligation guarantee of the Commonwealth, and in fact, there have
been times when the state has not distributed any aid to school
districts, as was the case during the 2016 state budget impasse.
However, with implementation of Act 85 in 2016, the state has
ensured that intercept payments, for the benefit of bond debt
service, will be made even in the absence of an appropriation
budget.

PROFILE

Sto-Rox School District is located in Allegheny County (Aa3 stable)
in central western Pennsylvania (Aa3 stable) and is a suburb of
Pittsburgh (A1 stable). The school district serves 1,018 students
as of 2023.

METHODOLOGY

The principal methodology used in these ratings was US K-12 Public
School Districts Methodology published in January 2021.


SVB FINANCIAL: Ex and Present Officers Okayed to Tap D&O Insurance
------------------------------------------------------------------
James Nani of Bloomberg Law reports that SVB Financial Group's
current and former officials are eligible to tap into the bankrupt
company's $210 million insurance policies for their legal defense
against lawsuits stemming from its subsidiary Silicon Valley Bank's
collapse, a judge ruled.

Judge Martin Glenn of US the US Bankruptcy Court for the Southern
District of New York set aside creditors' objections as he lifted
the automatic stay on Monday to allow access to directors and
officers (D&O) insurance policy funds.

The directors and officers are facing seven lawsuits alleging they
made false or misleading statements or omitted material facts in
SVB Financial's securities filings.

                    About SVB Financial Group

SVB Financial Group is a financial services company focusing on the
innovation economy, offering financial products and services to
clients across the United States and in key international markets.

Prior to March 10, 2023, SVB Financial Group owned and operated
Silicon Valley Bank, a state-chartered bank.  During the week of
March 6, 2023, Silicon Valley Bank, Santa Clara, CA, experienced a
severe "run-on-the-bank."  On the morning of March 10, the
California Department of Financial Protection and Innovation seized
SVB and placed it under the receivership of the Federal Deposit
Insurance Corporation.  SVB was the nation's 16th largest bank and
the biggest to fail since the 2008 financial meltdown.

On March 17, 2023, SVB Financial Group sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 23-10367).  The Debtor had
assets of $19,679,000,000 and liabilities of $3,675,000,000 as of
Dec. 31, 2022.

The Hon. Martin Glenn is the bankruptcy judge.

The Debtor tapped Sullivan & Cromwell, LLP as bankruptcy counsel;
Centerview Partners, LLC as investment banker; and Alvarez & Marsal
North America, LLC as restructuring advisor.  William Kosturos, a
partner at Alvarez & Marsal, serves as the Debtor's chief
restructuring officer.  Kroll Restructuring Administration, LLC, is
the claims and noticing agent and administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtor's Chapter 11 case.  The
committee tapped Akin Gump Strauss Hauer & Feld, LLP as bankruptcy
counsel; Cole Schotz P.C. as conflict counsel; Lazard Freres & Co.,
LLC as investment banker; and Berkeley Research Group, LLC as
financial advisor.


SYNDIGO LLC: $160M Bank Debt Trades at 16% Discount
---------------------------------------------------
Participations in a syndicated loan under which Syndigo LLC is a
borrower were trading in the secondary market around 84.4
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $160 million facility is a Term loan that is scheduled to
mature on December 15, 2028.  The amount is fully drawn and
outstanding.

Syndigo LLC operates as a marketing agency. The Company provides
brands and retailers with an integrated platform that enables the
efficient transfer of core and product attributes between brands
and their customers. Syndigo serves customers in the United
States.



SYNTHESIS INDUSTRIAL: Unsecureds Will Get 67% of Claims in Plan
---------------------------------------------------------------
Synthesis Industrial Holdings 1, LLC filed with the U.S. Bankruptcy
Court for the District of Nevada a First Disclosure Statement
describing First Plan of Reorganization dated May 22, 2023.

The Debtor is a Nevada LLC with two members, which membership
interest is held individually by Christopher Craig and Cristina
Robertson. The Debtor operates its rental property business as a
partnership.

The Debtor's current property portfolio consists of one property
and all improvements thereto located at 11604 Azul Celeste Place,
Las Vegas, Nevada 89138. The Debtor was formed on September 15,
2017, for the purpose of acquiring distressed property.  

The Debtor has utilized the property for storage of furniture and
equipment and an office. During the pandemic it was to risky to
rent the property because of the state regulations regarding
evictions. Currently, the Debtor has a tentative tenant Jesus Gomez
to occupy July 1, 2023, for a 3-year lease at $3,400.00 per month,
which includes pool cleaning.

Prior to this case being filed the Debtor's previous counsel
attempted to work on a resolution with the creditor to reinstate
the loan to no avail.

Class 7 Claims consist of the General Unsecured Claims against the
Debtor. Holders of Class 7 General Unsecured Claims on the
Effective Date shall, in full satisfaction, settlement, release and
exchange for such Allowed General Unsecured Claims, shall receive 1
payment of $5,000.00 in their pro rata share. All portions of
allowed Class 7 unsecured claims that remain unpaid, and at the
conclusion of the single payment required under this Plan (the
"Plan Term"), will cease 6 months after the Effective Date and
shall be forever discharged and rendered non-collectable against
the Debtor. The Debtor's single Plan Payment under the Plan shall
be $5,000.00, which shall be made from the members' new value
contributions.

The allowed unsecured claims total $7,444.81/$5,000.00. This Class
will receive a distribution of 67% of their allowed claims. This
Class is impaired.

Class 8 consists of Equity Interest of the Debtor. The Equity
Interest of the Debtor are unimpaired by the Plan and conclusively
deemed to have accepted the Plan, pursuant to Bankruptcy Code
section 1126(f) to the extent the Debtor's members make the
required contribution of $5,000.00. No solicitation is required.
Additionally, the Debtor's members' will make the additional
capital contributions for arrears of $113,845.71, within 60 days
from the effective date, Republic Services, HOA claims in Class 3
and 4, and tax claims of the IRS, and past due US Trustee claims
for a total contribution of $133,795.21.

On the Effective Date payments to Creditors' in Classes 1 and 7
shall be funded from the Debtor's rental income and equity interest
holder new value member contributions should the rental income not
be sufficient.

Payments to Class 7 creditors required under the Plan will be
funded by the Debtor's members as a single contribution of
$5,000.00. This single payment shall be paid within 60 days from
the entry of the confirmation order.

The Debtor's members recently sold a property in Idaho – Seminole
Ventures LLC [5 Tamarack Circle, Idaho City, Idaho 83631]. The
buyer Idaho Holdings & Management LLC, Ray Ronquillo's balloon
payment/maturity comes due on July 1, 2023. The cash from this note
payable will fund the Plan.

In this Chapter 11 Case, the Debtor is a limited liability company.
Within 30 days after the the Effective Date of the Plan, the
Debtor's members will retain their equity interests to the extent
that such equity interest holders make an equity contribution to
the Debtor's Plan (the "Equity Contribution") in an amount
$133,795.21. The funds of the debtor's members are coming from the
Debtor's members other LLC which sold property and a balloon
payment is due to the debtors on or before July 1, 2023.  

A full-text copy of the First Disclosure Statement dated May 22,
2023 is available at https://urlcurt.com/u?l=mEND4C from
PacerMonitor.com at no charge.

Attorney for the Debtor:

        Steven L. Yarmy, Esq.
        7464 W Sahara Ave, STE 8
        Las Vegas, NV 89117
        Phone: (702) 586-3513
        Fax: (702) 586-3690
        Email: sly@stevenyarmylaw.com

               About Synthesis Industrial Holdings 1

Synthesis Industrial Holdings 1, LLC is a Nevada LLC with two
members, which membership interest is held individually by
Christopher Craig and Cristina Robertson. The Debtor filed a
Chapter 11 bankruptcy petition (Bankr. D. Nev. Case No. 23-11321)
on April 4, 2023, disclosing under $1 million in both assets and
liabilities. Judge Mike K. Nakagawa oversees the case.

The Debtor is represented by Steven L. Yarmy, Esq.


TANDEM REAL ESTATE: Taps Lanard & Axilbund as Broker
----------------------------------------------------
Tandem Real Estate Holdings, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Lanard & Axilbund, LLC as its listing agent and broker.

The firm will market and sell (or lease to facilitate sale) some or
all of the Debtor's real properties in Chester, Pa.

Lanard & Axilbund proposes a commission on the sale of the Debtor's
real property of 6 percent of the purchase price.

As disclosed in court filings, Colliers is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Douglas R. Sayer
     Lanard & Axilbund, LLC
     d/b/a Colliers International
     Ten Penn Center
     1801 Market Street Suite 550
     Philadelphia, PA 19103
     Phone: +1 215 928 7515
     Email: doug.sayer@colliers.com

                 About Tandem Real Estate Holdings

Tandem Real Estate Holdings, LLC is a multi-sector sector property
investment and development consultancy company in Newtown Square,
Pa.

Tandem Real Estate Holdings filed a petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa.
Case No. 23-10461) on Feb. 16, 2023, with $1 million to $10 million
in both assets and liabilities. Holly Smith Miller, Esq., has been
appointed as Subchapter V trustee.

Judge Ashely M. Chan oversees the case.

The Debtor is represented by David B. Smith, Esq., at Smith Kane
Holman, LLC.


TAX DEFENSE: Franklin BSP's $42M Loan Has Steep Discount
--------------------------------------------------------
Franklin BSP Lending Corp has marked its $42,207,000 loan extended
to Tax Defense Network, LLC to market at $1,076,000 or 3% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Tax Defense Network, LLC. The loan accrues interest at a
rate of 10.76% (L+ 6.00%, Payment In Kind) per annum. The loan
matured last March 31, 2023.

Franklin BSP said the loan is on non-accrual status as of March
31.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Tax Defense Network, LLC, doing business as MoneySolver, is a
national financial services company based in Jacksonville, Florida,
that helps people and businesses transform their student loan, tax,
business, and credit situations.


TAX DEFENSE: Franklin BSP's $7.4M Loan Has Steep Discount
---------------------------------------------------------
Franklin BSP Lending Corp has marked its $7,492,000 loan extended
to Tax Defense Network, LLC to market at $191,000 or 3% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to Tax Defense Network, LLC. The loan accrues interest at a
rate of 10.76% (L+ 6.00%, Payment In Kind) per annum. The loan was
scheduled to mature March 31, 2023.

Franklin BSP said the loan is on non-accrual status as of March
31.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

Tax Defense Network, LLC, doing business as MoneySolver, is a
national financial services company based in Jacksonville, Florida,
that helps people and businesses transform their student loan, tax,
business, and credit situations.


TEAM HEALTH: $1.59B Bank Debt Trades at 39% Discount
----------------------------------------------------
Participations in a syndicated loan under which Team Health
Holdings Inc is a borrower were trading in the secondary market
around 61.1 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $1.59 billion facility is a Term loan that is scheduled to
mature on February 2, 2027.  The amount is fully drawn and
outstanding.

Team Health Holdings, Inc. is a provider of physician staffing and
administrative services to hospitals and other healthcare providers
in the U.S.



TRINSEO PLC: S&P Lowers ICR to 'CCC+' on Near-Term Maturity
-----------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Trinseo PLC
to 'CCC+' from 'B-'. The outlook is negative. At the same time, S&P
lowered the issue-level ratings on Trinseo's senior secured b-2
term loan facility to 'B' from 'B+'. The recovery rating is
unchanged at 1 (95%).

S&P also lowered its issue-level ratings on the senior unsecured
notes to 'CCC+' from 'B-'. The recovery rating is unchanged at '4'
(30%).

The negative outlook reflects that Trinseo has not addressed its
upcoming 2024 TLB maturity and our expectation that the company
will have elevated credit metrics over the next 12 months.

S&P said, "The downgrade reflects that Trinseo has not yet
addressed the upcoming maturity of its $661.7 million TLB, which
becomes current in September, and that we anticipate weak 2023
earnings.

"We believe these factors in particular lower credit quality.
Trinseo's first quarter 2023 performance, while showing sequential
improvement over the fourth and third quarters of 2022, was weaker
than our initial expectations. The company recently lowered its
full-year 2023 guidance, and we now anticipate leverage metrics
will remain elevated over the next year. Specifically, we project
S&P Global Ratings-adjusted debt to EBITDA of 8x-10x over the next
12 months. The company continues to experience weak sales volume
across most reporting segments, caused by continued customer
destocking and underlying demand softness across the consumer
durables and building and construction end markets.

"We expect underlying demand to remain challenged at least in the
first half of 2023 but we anticipate the destocking cycle to
subside midway through the year. Furthermore, we anticipate sales
volumes to gradually improve through the year, although at a slower
pace than we initially expected, as demand in China recovers and
energy prices in Europe fall. Even though we anticipate these
issues improving, helping margins and volumes in 2023, we still
expect 2023 demand across the globe and credit metrics to remain
soft.

"Our assessment of the company's business risk profile as weak
reflects its exposure to volatile raw material costs and cyclical
key end markets.

"It also has modest geographic concentration; Europe made up 57% of
net sales in 2022. However, we believe its acquisitions of Arkema's
polymethyl methacrylate (PMMA) business and Aristech Surfaces have
the potential to partially offset these factors by increasing its
EBITDA and margins and reducing its earnings volatility over the
next couple of years. Trinseo has favorable market shares in key
niches and technological advantages relative to its competitors. We
also expect the company will continue to benefit from high
operating rates. However, a significant portion of Trinseo's
current operations still depends on volatile raw materials such as
ammonia and methane, which can cause steep declines in earnings, as
we saw in the second half of 2022.

"The negative outlook on Trinseo reflects that the company has not
addressed the near-term maturity of its 2024 TLB and that we expect
credit metrics will remain elevated over the next 12 months. Our
base case also assumes the company retains its styrenics business,
at least for the near term. We forecast S&P Global Ratings-adjusted
debt to EBITDA of about 7.5x-10x and FFO to debt of about 4%-7%
over the next 12 months."

S&P could downgrade Trinseo within the next 12 months if:

-- The company engages in a restructuring transaction or pursues
an exchange that is considered distressed; or

-- Its liquidity weakens such that its sources to uses falls below
1.2x or S&P believes it will be difficult for Trinseo to continue
servicing its debt.

S&P could consider raising the rating on Trinseo within the next 12
months if:

-- The company successfully addresses its 2024 TLB and improves
operating results and performance such that it expands the EBITDA
margins to the low-double-digit percent area, supported by
favorable conditions in the styrene market;

-- Debt to EBITDA falls below 7.5x or its FFO debt rises to the
high-single-digit percent area on a sustained basis; and

-- S&P believes its financial policies support maintaining these
improved credit metrics.

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



TRITON SOLAR US: $100M Bank Debt Trades at 12% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Triton Solar US
Acquisition Co is a borrower were trading in the secondary market
around 87.9 cents-on-the-dollar during the week ended Friday, May
26, 2023, according to Bloomberg's Evaluated Pricing service data.


The $100 million facility is a Term loan that is scheduled to
mature on October 29, 2025.  The amount is fully drawn and
outstanding.

Triton Solar US Acquisition Co. operates as a global provider of
video infrastructure technology. The Company offers solutions to
both the direct to home and over the top end markets.



UPTOWN 240: Gets OK to Hire Chrysalis as Appraiser
--------------------------------------------------
Uptown 240, LLC received approval from the U.S. Bankruptcy Court
for the District of Colorado to hire Chrysalis Valuation Service,
LLC to appraise its property located at 240 Lake Dillon Drive,
Dillon, Colo.

Chrysalis will charge $725 per hour for general consulting
services; $725 per hour for deposition and trial time; and $375 per
hour for travel time.

Mark Linne, a principal at Chrysalis, disclosed in a court filing
that his firm is a "disinterested person" pursuant to Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Mark Linne
     Chrysalis Valuation Service, LLC
     225 Union Boulevard, Suite 150
     Lakewood, CO80228
     Phone: 303-974-6784
     Cell: 303-995-0899
     Fax: 303-496-0463
     Email: mlinne@chrysalisvaluation.com

                       About Uptown 240

Uptown 240, LLC owns and operates a condominium complex in Dillon,
Colo. The residences are an exclusive collection of 80-luxury
mountain and lakeview condominiums.

Uptown 240 filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 23-10617) on Feb.
23, 2023, with $10 million to $50 million in both assets and
liabilities. Danilo A. Ottoborgo, president of Uptown 240, signed
the petition.

Judge Thomas B. Mcnamara presides over the case.

The Debtor tapped Keri L. Riley, Esq., at Kutner Brinen Dickey
Riley, PC as legal counsel and Eide Bailly, LLP as accountant.

On April 21, 2023, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in this Chapter 11 case.
Onsager Fletcher Johnson Palmer, LLC serves as the committee's
counsel.


US FOODS: S&P Upgrades ICR to 'BB', Outlook Stable
--------------------------------------------------
S&P Global Ratings raised its issuer credit rating on foodservice
distributor US Foods Inc. to 'BB' from 'BB-'. S&P also raised its
issue-level rating on its senior secured debt to 'BB+' from 'BB'
and its rating on its senior unsecured debt to 'BB-' from 'B+'.

S&P said, "The stable outlook reflects our expectation that US
Foods will maintain good performance leading to leverage sustained
below 4x, providing sufficient cushion in credit metrics to absorb
volatility due to fluctuations in food costs.. The upgrade reflects
US Foods' progress in improving operating performance and
strengthening credit metrics. The company's S&P Global
Ratings-adjusted leverage improved nearly a turn during the first
quarter of 2023 to 4.5x led by solid year-over-year EBITDA growth.
Additionally, the company has evidenced its commitment to reducing
leverage by paying down debt. US Foods has prepaid $265 million of
debt since the start of last fiscal year. We expect leverage will
improve further this year to around 4x as a result of operating
gains, better free operating cash flow (FOCF) generation, and the
conversion of preferred equity, which we treat as debt in our
analysis, to common stock. US Foods previously issued $500 million
of convertible preferred equity to KKR to partly fund the
acquisition of Smart Foodservice in 2020. We forecast further
credit metric improvement in 2024 as EBITDA expands and the company
prioritizes operating within its 2.5x-3x company defined leverage
target range. As a result, we revised our financial risk profile
score to significant from aggressive. We apply a negative modifier
based on comparable rating considerations, reflecting our view that
US Foods' financial risk is at the lower end of the category.

"We expect continued sales momentum and EBITDA expansion as case
volume grows, specifically in the independent restaurant segment.
US Foods delivered good operating results in the first fiscal
quarter ended April 1, 2023, with revenues increasing 9.5%
year-over-year driven primarily by case growth and pricing. Total
case volumes grew 5.7% in the first quarter compared to the same
period in 2022, with independent restaurant case volumes expanding
8.1%. We forecast revenue growth of 8% this year, underpinned by
pricing actions and market share growth in the independent
restaurant, hospitality, and health care segments. We project S&P
Global Ratings-adjusted EBITDA margin improving to the mid-3% area
in 2023, up from 3.2% in fiscal 2022, driven by cost-saving
initiatives, expansion in the independent restaurant segment, and
increased private-label penetration. Notwithstanding the
improvement, US Foods margins continues to trail industry leader
Sysco. We believe the gap is in part due to the differences in
scale, distribution network, and overall route density.

"In our view, US Foods is well-positioned to grow in the
independent restaurant segment because of its leading technology
platform. We believe its e-commerce technology streamlines the
purchase process and increases customer retention rates.
Consequently, US Foods' digital capabilities and improving
operating efficiency should enable it to take further market share
from smaller specialty distributors, as it has in recent years. The
independent restaurant segment is US Foods most profitable customer
due to better negotiating power, product mix, and ability to
provide value-added tools, enabling higher margins. Additionally,
independent restaurants are more likely to purchase private-label
products (private-label food items represent approximately 50% of
independent cases), which are more profitable.

"US Foods' scale and customer diversity strengthen its ability to
navigate a weaker macroeconomic environment. Persistent inflation
and the increasing risk of recession could cause consumers to pull
back on dining away from home, constraining demand at US Foods'
core restaurant customer base. Restaurants represent about 60% of
the company's net sales. However, we anticipate any pull back will
be temporary given the secular trends of food consumption shifting
away from home. Further, US Foods is better positioned to grow its
market share by capitalizing on small competitors that lack the
scale and resources to operate successfully when volume slows.

"We expect liquidity to remain strong over the next year, supported
by improving working capital management and better FOCF generation.
US Foods had approximately $2.1 billion in liquidity as of April 1,
2023, including $292 million of cash and equivalents as well as
availability under its upsized $2.3 billion ABL facility. We also
expect working capital improvement as vendor supply has stabilized,
leading to better cash flow generation. The company generated $500
million of FOCF in 2022, up from $145 million in the prior year as
it contended with ongoing pandemic-related disruptions. We forecast
US Foods will generate between $500 million and $600 million of
annual FOCF over the next two years. We anticipate a prudent
approach to share repurchases that maintains sizable cash balances
for financial flexibility and allows the company to reach its
leverage target. We also expect the company will pursue tuck-in
M&A, to supplement organic growth."

The rating continues to incorporate US Foods' meaningful scale in
the intensely competitive foodservice distribution industry. US
Foods operates in the highly competitive and fragmented food
services industry and is one of the few food services distributors
with national scale, with about 10% market share. The industry is
prone to consolidation with larger players taking over smaller
regional competitors historically as larger scale leads to better
operating efficiency. US Foods has a solid market position as the
second-largest food services distributor in the U.S. behind Sysco.
Still, industry competition remains intense and thin profit margins
leave limited room to absorb unanticipated setbacks.

The stable outlook reflects S&P's expectation that US Foods will
maintain good performance leading to leverage sustained below 4x,
providing sufficient cushion in credit metrics to absorb volatility
due to fluctuations in food costs.

S&P could lower the rating if it expects leverage of 4.5x or more
on a sustained basis. This could occur if:

-- Industry competition intensifies such that competitors become
more aggressive on pricing to take market share; or

-- The company's financial policy becomes more aggressive,
including meaningful debt-financed acquisitions or capital returns
to shareholders.

S&P could raise the rating if:

-- S&P Global Ratings-adjusted leverage declines below 3.5x on a
sustained basis; and

-- The company demonstrates sustained operating performance gains,
including organic case volume growth and margin expansion.

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



US REALM POWDER: Seeks Approval to Hire Sale Monitor
----------------------------------------------------
US Realm Powder River, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Wyoming to employ Timothy Daileader, CFA
of Drivetrain, LLC.

The Debtor requires a sale monitor to:

     a. review confidential information memoranda and electronic
data room describing the Debtor, its historical performance and
prospects, contracts, marketing and sales efforts, labor force and
management, and make comments and suggestions to the Debtor's
professionals, as necessary;

     b. review list of suitable potential buyers to be contacted by
SSG and, at least on a weekly basis, review the level of contact,
progress and level of involvement of prospective buyers with the
Debtor's professionals;

     c. review confidentiality agreements for potential buyers and
any amendments
thereto;

     d. monitor activities within the virtual data rooms, the
frequency of physical site visits for prospective buyers and
discuss progress of providing due diligence activities for
prospective buyers with the Debtor's professionals;

     e. assist the Debtor's professionals in determining what due
diligence materials are sensitive and should be withheld from
disclosure to potential buyers;

     f. assist the Debtor's professionals in negotiating a stalking
horse asset purchase agreement (APA), or any other form of APA, to
be used in connection with the contemplated sale process;

     g. assist the Debtor's professionals in formulating and
drafting bidding procedures;

     h. assist the Debtor's professionals in determining a
party’s financial capability to consummate a sale transaction;

     i. as requested, communicate and update creditors on the sale
process;

     k. in the event there is an auction, prepare and file a report
of sale identifying the results of the auction and a recommendation
as to what constitutes the highest and best bid and any backup bid
as such terms may be defined in the bidding procedures; and

     l. assist the Debtor's professionals and other parties in
achieving closing of the transaction in the most efficient manner
possible.

Mr. Daileader will receive monthly fees of $25,000 plus a
reimbursement of reasonable expenses.

In court papers, Mr. Daileader disclosed that he is a
"disinterested person" pursuant to Section 101(14) of the
Bankruptcy Code.

Mr. Daileader can be reached at:

     Timothy Daileader, CFA
     Drivetrain, LLC
     410 Park Avenue, Suite 900
     New York, NY 10022
     Phone: 212 856 9700
     Email: tdaileader@drivetrainllc.com

                    About US Realm Powder River

US Realm Powder River, LLC, previously known as Moriah Powder
River, LLC, is a privately held natural gas company with
headquarters in Sheridan, Wyo., and operates in the Powder River
Basin located in northeast Wyoming.

US Realm Powder River filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Wyo. Case No.
19-20699) on Oct. 31, 2019. Craig Camozzi, chief operating officer,
signed the petition. In the petition, the Debtor disclosed $100
million to $500 million in assets and $50 million to $100 million
in liabilities.

Judge Cathleen D. Parker oversees the case.

Markus Williams Young & Zimmermann LLC and Hall & Evans, LLC serve
as the Debtor's bankruptcy counsel and special counsel,
respectively.  Mark J. Welch, a principal at Morris Anderson &
Associates, Ltd., is the Debtor's chief restructuring officer.


US TELEPACIFIC: MSC Fund Marks $13.6M Loan at 74% Off
-----------------------------------------------------
MSC Income Fund, Inc has marked its $13,669,000 loan extended to
U.S. TelePacific Corp to market at $3,588,000 or 26% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in MSC Fund's Form 10-Q for the Quarterly Period ended
March 31, 2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to U.S.
TelePacific Corp. The loan accrues interest at a rate of 13.16% (SF
+8.40%, 7.25% Payment in Kind) per annum. The loan matures on May
2, 2026.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

US TelePacific Corp., doing business as TPx Communications,
provides communications and managed services.



VIDA CAPITAL: MSC Fund Marks $6.1M Loan at 26% Off
--------------------------------------------------
MSC Income Fund, Inc has marked its $6,122,000 loan extended to
Vida Capital, Inc to market at $4,515,000 or 74% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in MSC Fund's Form 10-Q for the Quarterly Period ended March 31,
2023, filed with the Securities and Exchange Commission.

MSC Fund is a participant in a Secured Debt Loan to Vida Capital,
Inc. The loan accrues interest at a rate of 10.63% (L +6%) per
annum. The loan matures on October 1, 2026.

MSC Income Fund, Inc is a principal investment firm primarily
focused on providing debt capital to middle market companies and
customized debt and equity financing to lower middle market
companies. The portfolio investments of MSC Income Fund are
typically made to support leveraged buyouts, recapitalizations,
growth financings, refinancing and acquisitions of companies that
operate in a variety of industry sectors. MSIF was formed in
November 2011 to operate as an externally managed business
development company under the Investment Company Act of 1940, as
amended.

Vida Capital is an alternative asset management company.


VINCI BRANDS: Case-Mate to Hold Public Auction on June 5
--------------------------------------------------------
Case-Mate Inc., in its capacity as a secured creditor, intends to
sell, assign and transfer the rights, title and interest of Vinci
Brands LLC fka Armor Acquisition LLC to the highest or best
qualified bidders by public sale or sale on June 5, 2023, at 1:00
p.m. (EST), at Nelson Mullins Riley & Scarborough LLP, 330 Madison
Avenue, 27th Floor, New York, New York 10017.

All bidders must be pre-qualified on or before 5:00 p.m. Prevailing
Eastern Time on June 2, 2023, to participate in the auction.  Among
other conditions, in order for a bidder to be pre-qualified, each
bidder must enter into a customary confidentiality agreement and
post with seller a good faith deposit in an amount equal to the
greater of (a) $1,200,000 and (b) 10% of its bid, in cash, by an
irrevocable letter of credit, or cashier's or bank check, or by
wire transfer or immediately available funds, which will be
refundable if the bidder is not the successful bidder.

The collateral consists of all assets of the company, including
accounts, inventory, general intangibles, tradenames, trademarks,
licenses, goodwill, contract rights, customer list and all books
and records, other than the excluded property.

Inquiries concerning the sale, including any requests for the
proposed sale agreement and financial information as to the company
and other terms of sale, may be made to Adam Herring at (404)
322-6143 or adam.herring@nelsonmullins.com.

If you plan to attend the sale, please contact Mr. Herring at
Nelson Mullins, (404) 322-6143 or adam.hearing@nelsonmullins.com in
advance so that we can alert building security or provide video
teleconference information.

Vinci Brands -- https://www.vincibrands.com/ -- is a provider of
consumer tech protection, carry and power solutions.


VOLEL PROFESSIONAL: Taps Bleakley as Bankruptcy Counsel
-------------------------------------------------------
Volel Professional Pharmacist Association, P.A. seeks approval from
the U.S. Bankruptcy Court for the Middle District of Florida to
employ Bleakley Bavol Denman & Grace as its bankruptcy counsel.

The firm's services include:

     a. analyzing the financial situation and rendering advice and
assistance to the Debtor in determining legal options under Title
11, United States Code;

     b. advising the Debtor with regards to its powers and duties
in the continued operation of its business and management of the
property of the estate;

     c. preparing and filing of schedules of assets and
liabilities, statement of affairs and legal documents;

     d. representing the Debtor at the Section 341 meeting of
creditors;

     e. protecting the interest of the Debtor in all matters
pending before the court;

     f. representing the Debtor in negotiation with its creditors
in the preparation of a Chapter 11 plan; and

     g. performing all other legal services.

The firm will charge $425 per hour for services rendered by
Samantha Dammer, Esq., principal attorney.

The Debtor provided a retainer in the amount of $19,000.

As disclosed in court filings, Bleakley does not represent
interests adverse to the Debtor or the estate in the matters upon
which it is to be engaged.

The firm can be reached through:

     Samantha L. Dammer, Esq.
     Bleakley Bavol Denman & Grace
     15316 N. Florida Avenue
     Tampa, FL 33613
     Phone: (813) 221-3759
     Fax: (813) 221-3198
     Email: sdarnmerbbdglaw. corn

          About Volel Professional Pharmacist Association

Volel Professional Pharmacist Association, P.A. operates a pharmacy
in Winter Haven, Fla.

Volel sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. M.D. Fla. Case No. 22-05123) on Dec. 29, 2022, with
$504,659 in total assets and $5,945,305 in total liabilities. Volel
President Paul Volel, Jr. signed the petition.

Judge Catherine Peek McEwen oversees the case.

The Debtor tapped Buddy D. Ford, P.A. and A+ Accounting and Tax as
legal counsel and accountant, respectively.


WELLFUL INC: Moody's Cuts CFR to B3 & First Lien Term Loan to B2
----------------------------------------------------------------
Moody's Investors Service downgraded Wellful Inc.'s Corporate
Family Rating to B3 from B2, Probability of Default Rating to B3-PD
from B2-PD, and senior secured first lien revolver and term loan
ratings to B2 from B1. The rating outlook is stable.

The downgrade reflects projected declines in Wellful's earnings and
free cash flow due to challenges maintaining the Nutrisystem
customer base resulting from competition and cost-conscious
consumers. As a result, Moody's projects high leverage of 5.2x
debt-to-EBITDA as of the 12 months ended March 2023 on a Moody's
adjusted basis will increase further over the next year. Moody's
forecasts that leverage will peak around 6x by the end of 2023
before moderating modestly to a mid 5x range in 2024, as operating
expenses decline, and acquisition driven synergies are realized.
The downgrade balances the inflationary environment adversely
impacting the company's active subscribers, order volumes and
customer conversions and uncertainty around the pace and degree of
recovery of Wellful's credit metrics. In addition, Wellful's
liquidity is adequate reflecting limited internal cash sources and
Moody's expectation for potential increased reliance on the
revolver over the next 12 months.  

Wellful's revenue in the first quarter of 2023 declined in the low
double digits compared to the same period in the prior year mostly
due to reduced marketing spend, which resulted in lower volumes and
weaker customer conversions. The weakness can be attributed to the
Nutrisystem segment, amid reduced customer acquisition, that is
partially offset by the vitamins and supplements segment that
continues to grow despite economic headwinds. Facing higher costs,
the company significantly reduced its marketing spend to protect
profitability resulting in EBITDA margin expansion despite top line
pressures. Moody's does not believe this is a sustainable practice
and anticipates that the company will need to increase its
marketing spending to grow new customers and improve its retention
rates.    

Wellful partially hedged its interest rate risk by utilizing an
interest rate cap and a collar. Despite the hedging instruments in
place, Moody's forecasts interest cost to increase further
throughout the year and anticipates that EBITDA-to-interest
coverage will be sustained below 1.5x over the next 12 months.

The company's free cash flow generation has been predictable in the
range of $30 to $35 million historically given it operates an asset
light business model that requires minimal working capital and low
capital expenditure needs. Moody's expects free cash flow to be
meaningfully weaker over the next 12 to 18 months in a $10 to $20
million range constrained by higher interest expense, costs related
to integration of acquisitions, and lower volumes.

Downgrades:

Issuer: Wellful Inc.

Corporate Family Rating, Downgraded to B3 from B2

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

Senior Secured 1st Lien Term Loan, Downgraded to B2 from B1

Senior Secured 1st Lien Revolving Credit Facility, Downgraded to
B2 from B1

Outlook Actions:

Issuer: Wellful Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Wellful's B3 CFR reflects the company's good profitability,
positive free cash flow generation, and highly diversified customer
base. Offsetting these factors are the company's relatively small
scale with revenues less than $1 billion and high and increasing
financial leverage with debt-to-EBITDA projected to rise to about
6x in 2023. Competition within health & wellness is very high as
Wellful faces competition from many other meal delivery services
that focus on nutrition & wellness. Revenues have historically been
volatile, as the company experienced revenue declines from 2007 to
2013, during a post-recession period, and then again from 2017 to
2019. Given the competitiveness of the category, marketing strategy
is very important. The company is utilizing Adaptive Health's
proprietary direct-to-consumer marketing platform to reduce its
customer acquisition costs and acquire higher value customers.
Customer acquisition is very important for Wellful, as new
customers represent approximately 40% of revenues compared to over
60% historically, improvement attributed to increased customer
retention and length of stay.  

Moody's believes that Wellful's growth outlook benefits from the
favorable long-term fundamentals of the health and wellness and the
vitamins, minerals, and supplements (VMS). Competition from many
other meal delivery services and VMS providers remains high,
necessitating consistent investment to maintain competitive product
offerings and advertising to support customer acquisition.

Liquidity is adequate, when considering Wellful's $10 million cash
balance as of March 2023, expectations of positive $10 to $20
million of free cash flow and about $50 million of availability
under its $75 million revolver. Moody's believes these cash sources
provide adequate coverage for the required annual term loan
amortization of approximately $15 million and operational needs.
There are no term loan financial maintenance covenants. The
revolver contains a springing first lien net leverage covenant
(6.05x in the fourth quarter and 5.8x in any other quarter) that is
triggered when the revolver draws exceeds 35% of the commitment
amount or about $26.3 million. As of March 2023, covenant first
lien net leverage was 3.6x. Should the covenant be triggered,
Moody's expects the company would be comfortably in compliance. The
maturity profile is good with the revolver expiring in April 2026,
the first lien term loan maturing in April 2027 and the second lien
term loan maturing in April 2028 (unrated). The maturities provide
some flexibility to invest and execute strategic initiatives to
restore revenue growth.

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

The stable outlook reflects Moody's expectations that Wellful's
operating and financial performance will weaken in 2023 but begin
to improve in 2024 driven by new product innovation, increased
customer retention and lower costs. Execution risk is high given
the competitive environment and cost-conscious consumers, though
Moody's expects in the stable outlook that the company will
continue to generate $10 to $20 million of annual free cash flow.


Wellful's ratings could be upgraded if the company improves its
operating performance by reinvesting through product development
and advertising to support growth in the customer base, revenue,
and earnings. The company would also need to sustain debt-to-EBITDA
below 5.5x, generate consistent and strong free cash flow, and
maintain good liquidity.

Ratings could be downgraded if the company's operating performance
deteriorates through factors such as market share losses, pricing
pressure or increased marketing spending that does not translate
into customer gains. The ratings may come under pressure if
Wellful's free cash flow is weak or EBITDA-to-interest is below
1.25x. Debt-financed acquisitions or shareholder distributions, or
a deterioration in liquidity could also lead to a downgrade.

The principal methodology used in these ratings was Consumer
Packaged Goods published in June 2022.

Wellful Inc. (based in Fort Washington, Pennsylvania) is a provider
of weight management products and services, such as nutritionally
balanced weight loss programs, which are sold on-line and over the
phone and multi-day kits and single items available at select
online retailers. Customers typically purchase monthly food
packages which consist of a four-week program including breakfast,
lunch, dinner, and snacks. Through the merger with Direct Digital,
LLC dba "Adaptive Health" and most recently with New Vitality, the
company also markets and manufactures branded condition-specific
science-based nutrition supplements which address conditions, such
as men's health, joint health, and sleep management, among others.
The company utilizes direct-to-consumer marketing campaigns to
drive internet and direct mail-based sales as well as sales through
retail outlets in both the United States and Canada. Kainos Capital
acquired Nutrisystem in December 2020 for $575 million and Direct
Digital, LLC's Adaptive Health business in April 2021. Revenue for
the 12 months ended March 2023 was approximately $830 million.


WHCG PURCHASER: Franklin BSP Marks $29M Loan at 16% Off
-------------------------------------------------------
Franklin BSP Lending Corp has marked its $29,051,000 loan extended
to WHCG Purchaser III, Inc to market at $24,437,000 or 84% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to WHCG Purchaser III, Inc. The loan accrues interest at a
rate of 10.91% (L +5.75%) per annum. The loan matures on June 22,
2028.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

WHCG Purchaser III, Inc is in the Healthcare Industry.



WHCG PURCHASER: Franklin BSP Marks $7M Loan at 16% Off
------------------------------------------------------
Franklin BSP Lending Corp has marked its $7,060,000 loan extended
to WHCG Purchaser III, Inc to market at $5,939,000 or 84% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Franklin BSP's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Franklin BSP is a participant in a Senior Secured First Lien Debt
Loan to WHCG Purchaser III, Inc. The loan accrues interest at a
rate of 10.91% (L +5.75%) per annum. The loan matures on June 22,
2028.

Franklin BSP is an externally managed, non-diversified closed-end
management investment company incorporated in Maryland in May 2010
that has elected to be regulated as a business development company
under the Investment Company Act of 1940, as amended. In addition,
the Company has elected to be treated for tax purposes as a
regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended. The Company's investment
activities are managed by Franklin BSP Lending Adviser, L.L.C., a
subsidiary of Benefit Street Partners L.L.C. and supervised by the
Company's Board of Directors, a majority of who are independent of
the Adviser and its affiliates.

WHCG Purchaser III, Inc is in the Healthcare Industry.



WHEEL PROS: $1.18B Bank Debt Trades at 40% Discount
---------------------------------------------------
Participations in a syndicated loan under which Wheel Pros Inc is a
borrower were trading in the secondary market around 60.2
cents-on-the-dollar during the week ended Friday, May 26, 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.



WHITTAKER CLARK: U.S. Trustee Appoints Talc Committee
-----------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent talc claimants in the Chapter 11 cases of
Whittaker, Clark & Daniels, Inc. and its affiliates.

The committee members are:

     1. Kathy Ripley Didawick
        on behalf of Ann Ripley

        Counsel:
        Leah C. Kagan, Esq.
        Simon, Greenstone, Panatier, PC
        1201 Elm Street, Suite 3400
        Dallas, TX 75270
        Tel: (214) 276-7680
        Email: lkagan@sgptrial.com

     2. Katia Figueroa

        Counsel:
        Lisa Nathanson Busch, Esq.
        Perry Weitz, Esq.
        Weitz & Luxenberg, P.C.
        700 Broadway
        New York, NY 10003
        Tel: (212) 558-5500
        Email: lbusch@weitzlux.com

     3. Blue Cross Blue Shield Association

        Counsel:
        Alan D. Halperin, Esq.
        Halperin Battaglia Benzija, LLP
        40 Wall Street, 37 Floor
        New York, NY 10005
        Tel: (212) 765-9100
        Email: ahalperin@halperinlaw.net

     4. Virginia Harrington

        Counsel:
        Audrey Perlman Raphael, Esq.
        Levy Konigsberg, LLP
        605 Third Ave, 33rd Floor
        New York, NY 10158
        Tel: (917) 445-2755
        Email: araphael@levylaw.com

     5. Juliet Gray

        Counsel:
        Marcus Raichle, Esq.
        MRHFM Law
        1015 Locust St., suite 1200
        St. Louis, MO 63101
        Tel: (314) 241-2003
        Email: mraichle@mrhfmlaw.com

     6. Sarah Plant

        Counsel:
        Brad Smith, Esq.
        Dean Omar Branham Shirley, LLP
        302 N. Market St., Suite 300
        Dallas, TX 75202
        Tel: (214) 722-5990
        Email: bsmith@dobslegal.com

     7. Shelly Yerkes

        Counsel:
        Joseph Satterley, Esq.
        Kazan McClain, Satterley & Greenwood
        Jack London Market
        55 Harrison Street, Suite 400
        Oakland, CA 94607
        Tel: (510) 302-1000
        Email: Jsatterley@kazanlaw.com

     8. Sandra Jankowski
        individually and on behalf of Leo Jankowski

        Counsel:
        Lauren Williams, Esq.
        SWMW Law, LLC
        701 Market Street, Ste 1000
        St. Louis, MO 63101
        Tel: (314) 480-5180
        Email: lauren@swmwlaw.com

     9. Tara Valentine
        on behalf of Patricia Krempecki

        Counsel:
        Christopher Placitella, Esq.
        Cohen, Placitella & Roth, P.C.
        127 Maple Ave.
        Red Bank, NJ 07701
        Tel: (732) 747-9003
        Email: cplacitella@cprlaw.com
  
Official committees serve as fiduciaries to the general population
of creditors or claimants they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

                    About Whittaker Clark

Whittaker, Clark & Daniels, Inc. and affiliates, Brilliant National
Services Inc., Soco West Inc. and L.A. Terminals Inc., were engaged
in nonmetallic mineral mining and quarrying.

The Debtors sought Chapter 11 protection (Bankr. D.N.J. Lead Case
No. 23-13575) on April 26, 2023. The Debtors estimated $100 million
to $500 million in assets against $1 billion to $10 billion in
liabilities as of the bankruptcy filing.

The Hon. Michael B. Kaplan is the case judge.

The Debtors tapped Kirkland & Ellis LLP as general bankruptcy
counsel; Cole Schotz P.C. as co-bankruptcy counsel; and M3 Partners
LLC as financial advisor.  Stretto, Inc. is the claims agent.


WYE RIVER: Ordered to File Plan and Disclosures by July 31
----------------------------------------------------------
Judge David E. Rice has entered an order that Wye River Foods
Products LLC must file a Plan and Disclosure Statement, reasonably
susceptible of confirmation, on or before July 31, 2023.

That if the debtor should fail to file a Plan and Disclosure
Statement by the time set forth in this Order, or as extended by
this court upon timely motion, this case may be dismissed without
further notice or hearing.

                  About Wye River Foods Products

Wye River Foods Products LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 22-15641)
on Oct. 12, 2022, listing as much as $1 million on both assets and
liabilities.  Steven H. Greenfeld, Esq., at the Law Offices of
Steven H. Greenfeld, LLC represents the Debtor.


WYNN RESORTS: S&P Assigns 'BB' Rating on Amended Credit Facility
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating and '1'
recovery rating to Wynn Resorts Finance LLC's (WRF) amended and
extended credit facility, which comprises a $681.3 million revolver
and $749.4 million term loan A that are both due in September 2027.
The company used the proceeds from the extended term loan to
refinance a portion of its existing term loan A due September 2024,
which had $825 million outstanding. The remaining $75.6 million of
the term loan A will still mature in 2024. WRF also reduced its
total revolver commitment to $750 million from $850 million. The
remaining $68.7 million commitment will mature in September 2024.
The transaction has not materially affected the recovery prospects
for the secured lenders because it is a debt-for-debt refinancing.
All of S&P's other ratings on the company, including its 'B+'
issuer credit rating and positive outlook, are unchanged.

ISSUE RATINGS-RECOVERY ANALYSIS

Key analytical factors

-- S&P rates WRF's secured debt 'BB'. The '1' recovery rating
indicates its expectation for very high (90%-100%; rounded
estimate: 95%) recovery for lenders in the event of a default.

-- S&P rates WRF's unsecured debt 'B+'. The '3' recovery rating
indicates its expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery for noteholders in the event of a default.

-- S&P rates Wynn Las Vegas' unsecured debt 'B+'. The '3' recovery
rating indicates its expectation for meaningful (50%-70%; rounded
estimate: 60%) recovery for noteholders in the event of a default.

-- S&P's simulated default scenario for WRF contemplates a payment
default in 2027 (in line with its average four-year default
assumption for 'B+'-rated credits) reflecting some combination of
the following factors: a severe and prolonged global recession that
impairs cash flow across the portfolio of properties, an inability
to refinance its $880 million senior notes maturing in 2027,
increased competitive pressures from other casinos on the Las Vegas
Strip and in the northeast U.S., increased borrowing for potential
large-scale development projects, and a reduced ability to
distribute cash out of Wynn Macau.

-- S&P's emergence EBITDA of about $560 million is generated by
WRF's Las Vegas casinos, Encore Boston Harbor, and a modest
dividend from Wynn Macau, and incorporates significant cyclicality
in the Las Vegas market and the high quality of Wynn's assets.

-- WRF's lenders benefit from the inclusion of a pledge of its
share (72%) of future dividends from non-guarantor subsidiary Wynn
Macau. Generally, Wynn Macau is less leveraged than WRF. In S&P's
WRF simulated default scenario, it assumes Wynn Macau's cash flow
has recovered enough that the entity would be able to pay a modest
level of dividends. Therefore, S&P has incorporated this in its WRF
emergence EBITDA.

-- S&P uses a 7.5x emergence multiple to value WRF, which is 1x
higher than its average multiple for the leisure industry, because
of Wynn's very-high-quality Las Vegas and Massachusetts assets.

-- WRF's $750 million revolving credit facility is 85% drawn at
default.

-- WRF's secured lenders benefit from a security pledge of up to
15% of Wynn Las Vegas's total assets. However, S&P's estimate of
WRF's emergence valuation is sufficient to fully satisfy WRF's
secured debt claims. Therefore, S&P does not allocate 15% of its
gross enterprise value for Wynn Las Vegas to WRF's secured lenders.
That value is therefore available to WRF's and Wynn Las Vegas'
unsecured creditors.

-- WRF's unsecured noteholders benefit from an unsecured guarantee
from Wynn Las Vegas providing them with a pari passu claim against
the Wynn Las Vegas value. Therefore, S&P allocates its estimate of
Wynn Las Vegas value on a pro rata basis between Wynn Las Vegas
claims and WRF unsecured claims.

-- S&P said, "Because WRF's secured creditors are
overcollateralized based on our emergence valuation, WRF's
unsecured noteholders would benefit from excess value after the
satisfaction of the secured claims. Wynn Las Vegas creditors do not
benefit from any residual value because WRF does not guarantee Wynn
Las Vegas' debt obligations. Because of this, the recovery
prospects for WRF's unsecured noteholders are higher than for Wynn
Las Vegas' unsecured noteholders, which is reflected in our rounded
recovery estimates even though the difference is not sufficient to
support a higher recovery rating."

Simulated default assumptions

-- Year of default: 2027
-- EBITDA at emergence: About $560 million
-- EBIT A multiple: 7.5x

Simplified waterfall

-- Gross recovery value: $4.2 billion

-- Net recovery value after administrative expenses (5%): $4.0
billion

-- WRF/Wynn Las Vegas valuation split: 37%/63%

-- Value available for WRF secured claims: $1.5 billion

-- Estimated WRF secured claims: $1.4 billion

    --Recovery expectations: 90%-100% (rounded estimate: 95%)

-- Residual value available for WRF unsecured claims: $110
million

-- Pro rata share of Wynn Las Vegas value: $840 million

-- Total value available to WRF unsecured claims: $950 million

-- Estimated senior unsecured claims: $1.4 billion

    --Recovery expectations: 50%-70% (rounded estimate: 65%)

-- Value available for Wynn Las Vegas senior notes claims: $1.6
billion

-- Estimated Wynn Las Vegas senior notes claims: $2.7 billion

    --Recovery expectations: 50%-70% (rounded estimate: 60%)

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



ZAYO GROUP: $750M Bank Debt Trades at 21% Discount
--------------------------------------------------
Participations in a syndicated loan under which Zayo Group Holdings
Inc is a borrower were trading in the secondary market around 79.4
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The $750 million facility is a Term loan that is scheduled to
mature on March 9, 2027.  The amount is fully drawn and
outstanding.

Zayo Group Holdings, Inc., or Zayo Group, is a privately held
company headquartered in Boulder, Colorado, with European
headquarters in London, England. The company provides
communications infrastructure services.



ZAYO GROUP: EUR750M Bank Debt Trades at 22% Discount
----------------------------------------------------
Participations in a syndicated loan under which Zayo Group Holdings
Inc is a borrower were trading in the secondary market around 77.6
cents-on-the-dollar during the week ended Friday, May 26, 2023,
according to Bloomberg's Evaluated Pricing service data.

The EUR750 million facility is a Term loan that is scheduled to
mature on March 9, 2027.  The amount is fully drawn and
outstanding.

Zayo Group Holdings, Inc., or Zayo Group, is a privately held
company headquartered in Boulder, Colorado, with European
headquarters in London, England. The company provides
communications infrastructure services.



[] High Court Won't Take Solvent Firms' Appeal of Ch. 11 Penalties
------------------------------------------------------------------
Andrew Scurria of The Wall Street Journal reports that the U.S.
Supreme Court declined to review whether solvent companies can move
through bankruptcy without paying prepayment penalties and
contractual interest, a question that has divided judges
nationwide.

The nation's highest court said Monday, May 22, 2023, it wouldn't
hear separate appeals from California utility PG&E and natural-gas
driller Ultra Petroleum, which argued that bankruptcy law should
let them off the hook for $200 million and $387 million,
respectively, that lower courts ordered them to pay to their
creditors.


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-      Total
                                   Total    Holders'    Working
                                  Assets      Equity    Capital
  Company         Ticker            ($MM)       ($MM)      ($MM)
  -------         ------          ------    --------    -------
ABSOLUTE SOFTWRE  ABST US          528.1       (11.8)     (62.1)
ABSOLUTE SOFTWRE  OU1 GR           528.1       (11.8)     (62.1)
ABSOLUTE SOFTWRE  ABST CN          528.1       (11.8)     (62.1)
ABSOLUTE SOFTWRE  ABT2EUR EU       528.1       (11.8)     (62.1)
ABSOLUTE SOFTWRE  OU1 GZ           528.1       (11.8)     (62.1)
ACCELERATE DIAGN  AXDX* MM          51.0       (38.7)     (25.3)
AEMETIS INC       AMTX US          210.4      (222.4)     (82.4)
AIR CANADA        AC CN         30,476.0    (1,514.0)    (111.0)
AIR CANADA        ADH2 GR       30,476.0    (1,514.0)    (111.0)
AIR CANADA        ACEUR EU      30,476.0    (1,514.0)    (111.0)
AIR CANADA        ADH2 TH       30,476.0    (1,514.0)    (111.0)
AIR CANADA        ACDVF US      30,476.0    (1,514.0)    (111.0)
AIR CANADA        ADH2 QT       30,476.0    (1,514.0)    (111.0)
AIR CANADA        ACEUR EZ      30,476.0    (1,514.0)    (111.0)
AIR CANADA        ADH2 GZ       30,476.0    (1,514.0)    (111.0)
ALNYLAM PHAR-BDR  A1LN34 BZ      3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  ALNY US        3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  DUL GR         3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  DUL QT         3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  ALNYEUR EU     3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  DUL TH         3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  DUL SW         3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  ALNY* MM       3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  DUL GZ         3,391.9      (259.2)   1,867.6
ALNYLAM PHARMACE  ALNYEUR EZ     3,391.9      (259.2)   1,867.6
ALPHATEC HOLDING  L1Z1 GR          569.7       (34.8)     156.2
ALPHATEC HOLDING  ATEC US          569.7       (34.8)     156.2
ALPHATEC HOLDING  ATECEUR EU       569.7       (34.8)     156.2
ALPHATEC HOLDING  L1Z1 GZ          569.7       (34.8)     156.2
ALTICE USA INC-A  ATUS* MM      31,986.8      (480.7)  (1,527.3)
ALTICE USA INC-A  ATUS-RM RM    31,986.8      (480.7)  (1,527.3)
ALTIRA GP-CEDEAR  MOC AR        36,826.0    (3,826.0)  (1,994.0)
ALTIRA GP-CEDEAR  MOD AR        36,826.0    (3,826.0)  (1,994.0)
ALTIRA GP-CEDEAR  MO AR         36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7 GR       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MO* MM        36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MO US         36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MO SW         36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MOEUR EU      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MO TE         36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7 TH       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MO CI         36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7 QT       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MOUSD SW      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7 GZ       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  0R31 LI       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  ALTR AV       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MOEUR EZ      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  MO-RM RM      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7 BU       36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7D EB      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7D IX      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP INC  PHM7D I2      36,826.0    (3,826.0)  (1,994.0)
ALTRIA GROUP-BDR  MOOO34 BZ     36,826.0    (3,826.0)  (1,994.0)
AMC ENTERTAINMEN  AMC US         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AH9 GR         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AMC4EUR EU     8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AH9 TH         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AH9 QT         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AMC* MM        8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AH9 GZ         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AH9 SW         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AMC-RM RM      8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  A2MC34 BZ      8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  APE* MM        8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AH9 BU         8,847.6    (2,590.3)    (971.8)
AMC ENTERTAINMEN  AMCE AV        8,847.6    (2,590.3)    (971.8)
AMERICAN AIR-BDR  AALL34 BZ     66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL US        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  A1G GR        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL* MM       66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  A1G TH        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  A1G QT        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  A1G GZ        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL11EUR EU   66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL AV        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL TE        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  A1G SW        66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  0HE6 LI       66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL11EUR EZ   66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL-RM RM     66,786.0    (5,771.0)  (6,938.0)
AMERICAN AIRLINE  AAL_KZ KZ     66,786.0    (5,771.0)  (6,938.0)
AMYRIS INC        AMRS* MM         679.7      (648.1)    (227.1)
AMYRIS INC        A2MR34 BZ        679.7      (648.1)    (227.1)
ARBOR METALS COR  ABR CN             0.3        (0.6)      (0.2)
ATLAS TECHNICAL   ATCX US          487.4      (126.4)     102.2
AULT DISRUPTIVE   ADRT US          119.6        (3.3)       0.1
AULT DISRUPTIVE   ADRT/U US        119.6        (3.3)       0.1
AUTOZONE INC      AZO US        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZ5 TH        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZ5 GR        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZOEUR EU     15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZ5 QT        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZO AV        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZ5 TE        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZO* MM       15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZOEUR EZ     15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZ5 GZ        15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC      AZO-RM RM     15,597.9    (4,184.2)  (1,756.1)
AUTOZONE INC-BDR  AZOI34 BZ     15,597.9    (4,184.2)  (1,756.1)
AVALON ACQUISI-A  AVAC US          216.6        (9.8)      (1.2)
AVALON ACQUISI-A  6YL GR           216.6        (9.8)      (1.2)
AVALON ACQUISI-A  AVACEUR EU       216.6        (9.8)      (1.2)
AVALON ACQUISITI  AVACU US         216.6        (9.8)      (1.2)
AVID TECHNOLOGY   AVID US          273.9      (118.7)     (20.7)
AVID TECHNOLOGY   AVD GR           273.9      (118.7)     (20.7)
AVID TECHNOLOGY   AVD TH           273.9      (118.7)     (20.7)
AVID TECHNOLOGY   AVD GZ           273.9      (118.7)     (20.7)
AVIS BUD-CEDEAR   CAR AR        27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CUCA GR       27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CAR US        27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CUCA QT       27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CAR2EUR EU    27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CAR* MM       27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CAR2EUR EZ    27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CUCA TH       27,388.0      (441.0)    (766.0)
AVIS BUDGET GROU  CUCA GZ       27,388.0      (441.0)    (766.0)
BABCOCK & WILCOX  BW US            968.4       (10.2)     175.1
BABCOCK & WILCOX  UBW1 GR          968.4       (10.2)     175.1
BABCOCK & WILCOX  BWEUR EU         968.4       (10.2)     175.1
BATH & BODY WORK  LTD0 GR        5,363.0    (2,170.0)     803.0
BATH & BODY WORK  LTD0 TH        5,363.0    (2,170.0)     803.0
BATH & BODY WORK  BBWI US        5,363.0    (2,170.0)     803.0
BATH & BODY WORK  LBEUR EU       5,363.0    (2,170.0)     803.0
BATH & BODY WORK  BBWI* MM       5,363.0    (2,170.0)     803.0
BATH & BODY WORK  LTD0 QT        5,363.0    (2,170.0)     803.0
BATH & BODY WORK  BBWI AV        5,363.0    (2,170.0)     803.0
BATH & BODY WORK  LBEUR EZ       5,363.0    (2,170.0)     803.0
BATH & BODY WORK  LTD0 GZ        5,363.0    (2,170.0)     803.0
BATH & BODY WORK  BBWI-RM RM     5,363.0    (2,170.0)     803.0
BELLRING BRANDS   BRBR US          772.5      (363.1)     340.0
BELLRING BRANDS   D51 TH           772.5      (363.1)     340.0
BELLRING BRANDS   BRBR2EUR EU      772.5      (363.1)     340.0
BELLRING BRANDS   D51 GR           772.5      (363.1)     340.0
BELLRING BRANDS   D51 QT           772.5      (363.1)     340.0
BEYOND MEAT INC   BYND US          986.6      (253.1)     487.1
BEYOND MEAT INC   0Q3 GR           986.6      (253.1)     487.1
BEYOND MEAT INC   0Q3 GZ           986.6      (253.1)     487.1
BEYOND MEAT INC   BYNDEUR EU       986.6      (253.1)     487.1
BEYOND MEAT INC   0Q3 TH           986.6      (253.1)     487.1
BEYOND MEAT INC   0Q3 QT           986.6      (253.1)     487.1
BEYOND MEAT INC   BYND AV          986.6      (253.1)     487.1
BEYOND MEAT INC   0Q3 SW           986.6      (253.1)     487.1
BEYOND MEAT INC   0A20 LI          986.6      (253.1)     487.1
BEYOND MEAT INC   BYNDEUR EZ       986.6      (253.1)     487.1
BEYOND MEAT INC   0Q3 TE           986.6      (253.1)     487.1
BEYOND MEAT INC   BYND* MM         986.6      (253.1)     487.1
BEYOND MEAT INC   BYND-RM RM       986.6      (253.1)     487.1
BIOCRYST PHARM    BO1 TH           509.7      (328.3)     405.7
BIOCRYST PHARM    BCRX US          509.7      (328.3)     405.7
BIOCRYST PHARM    BO1 GR           509.7      (328.3)     405.7
BIOCRYST PHARM    BO1 QT           509.7      (328.3)     405.7
BIOCRYST PHARM    BCRXEUR EU       509.7      (328.3)     405.7
BIOCRYST PHARM    BCRX* MM         509.7      (328.3)     405.7
BIOCRYST PHARM    BCRXEUR EZ       509.7      (328.3)     405.7
BIOTE CORP-A      BTMD US          119.1       (83.8)      87.6
BLUE BIRD CORP    BLBD US          364.3        (1.1)     (26.3)
BLUE BIRD CORP    4RB GR           364.3        (1.1)     (26.3)
BLUE BIRD CORP    4RB GZ           364.3        (1.1)     (26.3)
BLUE BIRD CORP    BLBDEUR EU       364.3        (1.1)     (26.3)
BLUE BIRD CORP    BLBDEUR EZ       364.3        (1.1)     (26.3)
BLUE BIRD CORP    4RB TH           364.3        (1.1)     (26.3)
BLUE BIRD CORP    4RB QT           364.3        (1.1)     (26.3)
BOEING CO-BDR     BOEI34 BZ    136,347.0   (15,484.0)  15,301.0
BOEING CO-CED     BA AR        136,347.0   (15,484.0)  15,301.0
BOEING CO-CED     BAD AR       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA EU        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCO GR       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BAEUR EU     136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA TE        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA* MM       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA SW        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BOEI BB      136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA US        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCO TH       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BOE LN       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA CI        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCO QT       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BAUSD SW     136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCO GZ       136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA AV        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA-RM RM     136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BAEUR EZ     136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA EZ        136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BACL CI      136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BA_KZ KZ     136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCOD EB      136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCOD IX      136,347.0   (15,484.0)  15,301.0
BOEING CO/THE     BCOD I2      136,347.0   (15,484.0)  15,301.0
BOMBARDIER INC-A  BBD/A CN      12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-A  BDRAF US      12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-A  BBD GR        12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-A  BBD/AEUR EU   12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-A  BBD GZ        12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBD/B CN      12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBDC GR       12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BDRBF US      12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBDC TH       12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBDBN MM      12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBD/BEUR EU   12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBDC GZ       12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBD/BEUR EZ   12,441.0    (2,448.0)    (196.0)
BOMBARDIER INC-B  BBDC QT       12,441.0    (2,448.0)    (196.0)
BOX INC- CLASS A  BOX US         1,207.2       (33.9)      90.9
BOX INC- CLASS A  3BX GR         1,207.2       (33.9)      90.9
BOX INC- CLASS A  3BX TH         1,207.2       (33.9)      90.9
BOX INC- CLASS A  3BX QT         1,207.2       (33.9)      90.9
BOX INC- CLASS A  BOXEUR EU      1,207.2       (33.9)      90.9
BOX INC- CLASS A  BOXEUR EZ      1,207.2       (33.9)      90.9
BOX INC- CLASS A  3BX GZ         1,207.2       (33.9)      90.9
BOX INC- CLASS A  BOX-RM RM      1,207.2       (33.9)      90.9
BRIDGEBIO PHARMA  BBIO US          625.7    (1,213.6)     456.1
BRIDGEBIO PHARMA  2CL GR           625.7    (1,213.6)     456.1
BRIDGEBIO PHARMA  2CL GZ           625.7    (1,213.6)     456.1
BRIDGEBIO PHARMA  BBIOEUR EU       625.7    (1,213.6)     456.1
BRIDGEBIO PHARMA  2CL TH           625.7    (1,213.6)     456.1
BRIGHTSPHERE INV  BSIG US          546.0        (8.3)       -
BRIGHTSPHERE INV  2B9 GR           546.0        (8.3)       -
BRIGHTSPHERE INV  BSIGEUR EU       546.0        (8.3)       -
BRIGHTSPHERE INV  2B9 GZ           546.0        (8.3)       -
BRINKER INTL      EAT US         2,478.1      (210.3)    (372.3)
BRINKER INTL      BKJ GR         2,478.1      (210.3)    (372.3)
BRINKER INTL      BKJ QT         2,478.1      (210.3)    (372.3)
BRINKER INTL      EAT2EUR EU     2,478.1      (210.3)    (372.3)
BRINKER INTL      BKJ TH         2,478.1      (210.3)    (372.3)
BROOKFIELD INF-A  BIPC CN       10,178.0      (361.0)  (3,066.0)
BROOKFIELD INF-A  BIPC US       10,178.0      (361.0)  (3,066.0)
CALUMET SPECIALT  CLMT US        2,764.5      (276.1)    (465.8)
CARDINAL HEA BDR  C1AH34 BZ     43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CAH US        43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CLH GR        43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CLH TH        43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CLH QT        43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CAHEUR EU     43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CLH GZ        43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CAH* MM       43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CAHEUR EZ     43,377.0    (2,218.0)     994.0
CARDINAL HEALTH   CAH-RM RM     43,377.0    (2,218.0)     994.0
CARDINAL-CEDEAR   CAH AR        43,377.0    (2,218.0)     994.0
CARDINAL-CEDEAR   CAHC AR       43,377.0    (2,218.0)     994.0
CARDINAL-CEDEAR   CAHD AR       43,377.0    (2,218.0)     994.0
CARVANA CO        CVNA US        8,646.0    (1,322.0)   1,766.0
CARVANA CO        CV0 TH         8,646.0    (1,322.0)   1,766.0
CARVANA CO        CV0 QT         8,646.0    (1,322.0)   1,766.0
CARVANA CO        CVNAEUR EU     8,646.0    (1,322.0)   1,766.0
CARVANA CO        CV0 GR         8,646.0    (1,322.0)   1,766.0
CARVANA CO        CV0 GZ         8,646.0    (1,322.0)   1,766.0
CARVANA CO        CVNAEUR EZ     8,646.0    (1,322.0)   1,766.0
CARVANA CO        CVNA* MM       8,646.0    (1,322.0)   1,766.0
CARVANA CO        CVNA-RM RM     8,646.0    (1,322.0)   1,766.0
CEDAR FAIR LP     FUN US         2,209.7      (793.2)    (227.4)
CENTRUS ENERGY-A  LEU US           689.0       (44.5)     192.4
CENTRUS ENERGY-A  4CU TH           689.0       (44.5)     192.4
CENTRUS ENERGY-A  4CU GR           689.0       (44.5)     192.4
CENTRUS ENERGY-A  LEUEUR EU        689.0       (44.5)     192.4
CENTRUS ENERGY-A  4CU GZ           689.0       (44.5)     192.4
CENTRUS ENERGY-A  4CU QT           689.0       (44.5)     192.4
CHENIERE ENERGY   CQP US        18,817.0      (950.0)     585.0
CINEPLEX INC      CGX CN         2,075.5      (239.9)    (296.9)
CINEPLEX INC      CX0 GR         2,075.5      (239.9)    (296.9)
CINEPLEX INC      CPXGF US       2,075.5      (239.9)    (296.9)
CINEPLEX INC      CX0 TH         2,075.5      (239.9)    (296.9)
CINEPLEX INC      CGXEUR EU      2,075.5      (239.9)    (296.9)
CINEPLEX INC      CGXN MM        2,075.5      (239.9)    (296.9)
CINEPLEX INC      CX0 GZ         2,075.5      (239.9)    (296.9)
COGENT COMMUNICA  CCOI US          998.4      (548.5)     201.4
COGENT COMMUNICA  OGM1 GR          998.4      (548.5)     201.4
COGENT COMMUNICA  CCOIEUR EU       998.4      (548.5)     201.4
COGENT COMMUNICA  CCOI* MM         998.4      (548.5)     201.4
COGENT COMMUNICA  OGM1 TH          998.4      (548.5)     201.4
COHERUS BIOSCIEN  CHRS US          402.4      (196.5)     192.5
COHERUS BIOSCIEN  8C5 GR           402.4      (196.5)     192.5
COHERUS BIOSCIEN  8C5 TH           402.4      (196.5)     192.5
COHERUS BIOSCIEN  CHRSEUR EU       402.4      (196.5)     192.5
COHERUS BIOSCIEN  8C5 QT           402.4      (196.5)     192.5
COHERUS BIOSCIEN  CHRSEUR EZ       402.4      (196.5)     192.5
COHERUS BIOSCIEN  8C5 GZ           402.4      (196.5)     192.5
COMMSCOPE HOLDIN  COMM US       11,337.0      (415.0)   1,707.5
COMMSCOPE HOLDIN  CM9 GR        11,337.0      (415.0)   1,707.5
COMMSCOPE HOLDIN  COMMEUR EU    11,337.0      (415.0)   1,707.5
COMMSCOPE HOLDIN  CM9 TH        11,337.0      (415.0)   1,707.5
COMMUNITY HEALTH  CYH US        14,623.0      (791.0)     982.0
COMMUNITY HEALTH  CYH1EUR EZ    14,623.0      (791.0)     982.0
COMPOSECURE INC   CMPO US          185.8      (291.2)      58.1
CONSENSUS CLOUD   CCSI US          663.3      (240.7)      70.1
CONTANGO ORE INC  CTGO US           17.5        (5.7)       3.5
COOPER-STANDARD   CPS US         1,943.1       (26.8)     207.5
COOPER-STANDARD   C31 GR         1,943.1       (26.8)     207.5
COOPER-STANDARD   CPSEUR EU      1,943.1       (26.8)     207.5
COOPER-STANDARD   C31 GZ         1,943.1       (26.8)     207.5
CPI CARD GROUP I  PMTS US          298.2       (70.7)     110.9
CPI CARD GROUP I  CPB1 GR          298.2       (70.7)     110.9
CPI CARD GROUP I  PMTSEUR EU       298.2       (70.7)     110.9
CTI BIOPHARMA CO  CEPS QT          112.3       (25.3)      18.2
CTI BIOPHARMA CO  CTIC US          112.3       (25.3)      18.2
CTI BIOPHARMA CO  CEPS GR          112.3       (25.3)      18.2
CTI BIOPHARMA CO  CTIC1EUR EZ      112.3       (25.3)      18.2
CTI BIOPHARMA CO  CTIC1EUR EU      112.3       (25.3)      18.2
CTI BIOPHARMA CO  CEPS TH          112.3       (25.3)      18.2
CUTERA INC        TJ9 GR           499.8       (39.0)     309.7
CUTERA INC        CUTR US          499.8       (39.0)     309.7
CUTERA INC        TJ9 TH           499.8       (39.0)     309.7
CUTERA INC        CUTREUR EU       499.8       (39.0)     309.7
CUTERA INC        TJ9 QT           499.8       (39.0)     309.7
CUTERA INC        CUTREUR EZ       499.8       (39.0)     309.7
CYTOKINETICS INC  CYTK US          889.8      (229.0)     605.4
CYTOKINETICS INC  KK3A GR          889.8      (229.0)     605.4
CYTOKINETICS INC  KK3A QT          889.8      (229.0)     605.4
CYTOKINETICS INC  CYTKEUR EU       889.8      (229.0)     605.4
CYTOKINETICS INC  KK3A TH          889.8      (229.0)     605.4
CYTOKINETICS INC  KK3A SW          889.8      (229.0)     605.4
CYTOKINETICS INC  CYTKEUR EZ       889.8      (229.0)     605.4
DELEK LOGISTICS   DKL US         1,691.6      (117.4)      (1.0)
DELL TECHN-C      DELL US       89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      12DA TH       89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      12DA GR       89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      12DA GZ       89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      DELL1EUR EU   89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      DELLC* MM     89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      12DA QT       89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      DELL AV       89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      DELL1EUR EZ   89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C      DELL-RM RM    89,611.0    (3,025.0)  (9,303.0)
DELL TECHN-C-BDR  D1EL34 BZ     89,611.0    (3,025.0)  (9,303.0)
DENNY'S CORP      DE8 GR           480.4       (45.0)     (34.6)
DENNY'S CORP      DENN US          480.4       (45.0)     (34.6)
DENNY'S CORP      DENNEUR EU       480.4       (45.0)     (34.6)
DENNY'S CORP      DE8 TH           480.4       (45.0)     (34.6)
DENNY'S CORP      DE8 GZ           480.4       (45.0)     (34.6)
DIEBOLD NIXDORF   DBD SW         3,090.7    (1,473.6)      66.3
DIGITALOCEAN HOL  DOCN US        1,584.4      (217.7)     512.5
DIGITALOCEAN HOL  0SU GR         1,584.4      (217.7)     512.5
DIGITALOCEAN HOL  0SU TH         1,584.4      (217.7)     512.5
DIGITALOCEAN HOL  DOCNEUR EU     1,584.4      (217.7)     512.5
DIGITALOCEAN HOL  0SU GZ         1,584.4      (217.7)     512.5
DIGITALOCEAN HOL  0SU QT         1,584.4      (217.7)     512.5
DINE BRANDS GLOB  DIN US         1,758.1      (288.7)     (56.8)
DINE BRANDS GLOB  IHP GR         1,758.1      (288.7)     (56.8)
DINE BRANDS GLOB  IHP TH         1,758.1      (288.7)     (56.8)
DINE BRANDS GLOB  IHP GZ         1,758.1      (288.7)     (56.8)
DIVERSIFIED ENER  DEC LN             -           -          -
DIVERSIFIED ENER  DGOCGBX EU         -           -          -
DIVERSIFIED ENER  DECL PO            -           -          -
DIVERSIFIED ENER  DECL L3            -           -          -
DIVERSIFIED ENER  DECL B3            -           -          -
DIVERSIFIED ENER  DECL TQ            -           -          -
DIVERSIFIED ENER  DGOCGBX EP         -           -          -
DIVERSIFIED ENER  DGOCGBX EZ         -           -          -
DIVERSIFIED ENER  DECL IX            -           -          -
DIVERSIFIED ENER  DECL EB            -           -          -
DIVERSIFIED ENER  DECL QX            -           -          -
DIVERSIFIED ENER  DECL BQ            -           -          -
DIVERSIFIED ENER  DECL S1            -           -          -
DOMINO'S P - BDR  D2PZ34 BZ      1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    EZV TH         1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    EZV GR         1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    DPZ US         1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    EZV QT         1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    DPZEUR EU      1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    DPZ AV         1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    DPZ* MM        1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    EZV GZ         1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    DPZEUR EZ      1,641.4    (4,151.8)     271.4
DOMINO'S PIZZA    DPZ-RM RM      1,641.4    (4,151.8)     271.4
DOMO INC- CL B    DOMO US          219.2      (151.2)     (83.7)
DOMO INC- CL B    1ON GR           219.2      (151.2)     (83.7)
DOMO INC- CL B    1ON GZ           219.2      (151.2)     (83.7)
DOMO INC- CL B    DOMOEUR EU       219.2      (151.2)     (83.7)
DOMO INC- CL B    1ON TH           219.2      (151.2)     (83.7)
DOMO INC- CL B    1ON QT           219.2      (151.2)     (83.7)
DROPBOX INC-A     DBX US         2,993.7      (365.2)     247.2
DROPBOX INC-A     1Q5 GR         2,993.7      (365.2)     247.2
DROPBOX INC-A     1Q5 SW         2,993.7      (365.2)     247.2
DROPBOX INC-A     1Q5 TH         2,993.7      (365.2)     247.2
DROPBOX INC-A     1Q5 QT         2,993.7      (365.2)     247.2
DROPBOX INC-A     DBXEUR EU      2,993.7      (365.2)     247.2
DROPBOX INC-A     DBX AV         2,993.7      (365.2)     247.2
DROPBOX INC-A     DBX* MM        2,993.7      (365.2)     247.2
DROPBOX INC-A     DBXEUR EZ      2,993.7      (365.2)     247.2
DROPBOX INC-A     1Q5 GZ         2,993.7      (365.2)     247.2
DROPBOX INC-A     DBX-RM RM      2,993.7      (365.2)     247.2
EMBECTA CORP      EMBC US        1,210.0      (822.6)     398.6
EMBECTA CORP      EMBC* MM       1,210.0      (822.6)     398.6
EMBECTA CORP      JX7 GR         1,210.0      (822.6)     398.6
EMBECTA CORP      JX7 QT         1,210.0      (822.6)     398.6
EMBECTA CORP      EMBC1EUR EZ    1,210.0      (822.6)     398.6
EMBECTA CORP      EMBC1EUR EU    1,210.0      (822.6)     398.6
EMBECTA CORP      JX7 GZ         1,210.0      (822.6)     398.6
EMBECTA CORP      JX7 TH         1,210.0      (822.6)     398.6
ETSY INC          ETSY US        2,500.5      (540.2)     845.8
ETSY INC          3E2 GR         2,500.5      (540.2)     845.8
ETSY INC          3E2 TH         2,500.5      (540.2)     845.8
ETSY INC          3E2 QT         2,500.5      (540.2)     845.8
ETSY INC          2E2 GZ         2,500.5      (540.2)     845.8
ETSY INC          300 SW         2,500.5      (540.2)     845.8
ETSY INC          ETSY AV        2,500.5      (540.2)     845.8
ETSY INC          ETSYEUR EZ     2,500.5      (540.2)     845.8
ETSY INC          ETSY* MM       2,500.5      (540.2)     845.8
ETSY INC          ETSY-RM RM     2,500.5      (540.2)     845.8
ETSY INC - BDR    E2TS34 BZ      2,500.5      (540.2)     845.8
ETSY INC - CEDEA  ETSY AR        2,500.5      (540.2)     845.8
FAIR ISAAC - BDR  F2IC34 BZ      1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FRI GR         1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FICO US        1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FICOEUR EU     1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FRI QT         1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FICOEUR EZ     1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FICO1* MM      1,502.4      (770.8)     148.0
FAIR ISAAC CORP   FRI GZ         1,502.4      (770.8)     148.0
FENNEC PHARMACEU  FRX CN            21.8        (7.3)      17.6
FENNEC PHARMACEU  FENC US           21.8        (7.3)      17.6
FENNEC PHARMACEU  RV41 TH           21.8        (7.3)      17.6
FENNEC PHARMACEU  RV41 GR           21.8        (7.3)      17.6
FENNEC PHARMACEU  FRXEUR EU         21.8        (7.3)      17.6
FENNEC PHARMACEU  RV41 GZ           21.8        (7.3)      17.6
FERRELLGAS PAR-B  FGPRB US       1,641.0      (221.8)     201.1
FERRELLGAS-LP     FGPR US        1,641.0      (221.8)     201.1
FIBROGEN INC      FGEN US          538.5       (28.9)     175.8
FIBROGEN INC      1FG GR           538.5       (28.9)     175.8
FIBROGEN INC      FGEN* MM         538.5       (28.9)     175.8
FIBROGEN INC      1FG TH           538.5       (28.9)     175.8
FIBROGEN INC      1FG QT           538.5       (28.9)     175.8
FIBROGEN INC      FGENEUR EU       538.5       (28.9)     175.8
FIBROGEN INC      FGENEUR EZ       538.5       (28.9)     175.8
FIBROGEN INC      FGEN-RM RM       538.5       (28.9)     175.8
FOGHORN THERAPEU  FHTX US          372.9       (24.6)     264.9
GCM GROSVENOR-A   GCMG US          471.9      (108.1)     109.7
GODADDY INC -BDR  G2DD34 BZ      7,092.3      (355.5)    (869.2)
GODADDY INC-A     GDDY US        7,092.3      (355.5)    (869.2)
GODADDY INC-A     38D GR         7,092.3      (355.5)    (869.2)
GODADDY INC-A     38D QT         7,092.3      (355.5)    (869.2)
GODADDY INC-A     GDDY* MM       7,092.3      (355.5)    (869.2)
GODADDY INC-A     38D TH         7,092.3      (355.5)    (869.2)
GODADDY INC-A     38D GZ         7,092.3      (355.5)    (869.2)
GOGO INC          GOGO US          759.2       (88.1)     262.1
GOGO INC          G0G GR           759.2       (88.1)     262.1
GOGO INC          G0G QT           759.2       (88.1)     262.1
GOGO INC          GOGOEUR EU       759.2       (88.1)     262.1
GOGO INC          G0G TH           759.2       (88.1)     262.1
GOGO INC          G0G GZ           759.2       (88.1)     262.1
GOOSEHEAD INSU-A  GSHD US          321.6       (26.0)      18.6
GOOSEHEAD INSU-A  2OX GR           321.6       (26.0)      18.6
GOOSEHEAD INSU-A  GSHDEUR EU       321.6       (26.0)      18.6
GOOSEHEAD INSU-A  2OX TH           321.6       (26.0)      18.6
GOOSEHEAD INSU-A  2OX QT           321.6       (26.0)      18.6
GREEN PLAINS PAR  GPP US           137.8        (0.1)       6.2
GROUPON INC       G5NA TH          650.6       (24.5)    (184.1)
GROUPON INC       GRPN US          650.6       (24.5)    (184.1)
GROUPON INC       GRPNEUR EU       650.6       (24.5)    (184.1)
GROUPON INC       G5NA GZ          650.6       (24.5)    (184.1)
GROUPON INC       GRPN AV          650.6       (24.5)    (184.1)
GROUPON INC       GRPN* MM         650.6       (24.5)    (184.1)
GUARDANT HEALTH   GH US          1,511.6       (44.6)     900.3
GUARDANT HEALTH   GH* MM         1,511.6       (44.6)     900.3
GUARDANT HEALTH   5GH TH         1,511.6       (44.6)     900.3
GUARDANT HEALTH   5GH GR         1,511.6       (44.6)     900.3
GUARDANT HEALTH   GHGBPEUR EU    1,511.6       (44.6)     900.3
GUARDANT HEALTH   5GH GZ         1,511.6       (44.6)     900.3
GUARDANT HEALTH   5GH QT         1,511.6       (44.6)     900.3
H&R BLOCK - BDR   H1RB34 BZ      3,157.9       (36.4)     187.2
H&R BLOCK INC     HRB US         3,157.9       (36.4)     187.2
H&R BLOCK INC     HRB GR         3,157.9       (36.4)     187.2
H&R BLOCK INC     HRB TH         3,157.9       (36.4)     187.2
H&R BLOCK INC     HRB QT         3,157.9       (36.4)     187.2
H&R BLOCK INC     HRBEUR EU      3,157.9       (36.4)     187.2
H&R BLOCK INC     HRBEUR EZ      3,157.9       (36.4)     187.2
H&R BLOCK INC     HRB GZ         3,157.9       (36.4)     187.2
H&R BLOCK INC     HRB-RM RM      3,157.9       (36.4)     187.2
HERBALIFE LTD     HOO GR         2,687.6    (1,222.8)      95.0
HERBALIFE LTD     HLF US         2,687.6    (1,222.8)      95.0
HERBALIFE LTD     HLFEUR EU      2,687.6    (1,222.8)      95.0
HERBALIFE LTD     HOO QT         2,687.6    (1,222.8)      95.0
HERBALIFE LTD     HOO GZ         2,687.6    (1,222.8)      95.0
HERBALIFE LTD     HLFEUR EZ      2,687.6    (1,222.8)      95.0
HERBALIFE LTD     HOO TH         2,687.6    (1,222.8)      95.0
HERON THERAPEUTI  HRTX-RM RM       220.9       (11.4)     100.3
HEWLETT-CEDEAR    HPQD AR       36,148.0    (3,730.0)  (7,748.0)
HEWLETT-CEDEAR    HPQC AR       36,148.0    (3,730.0)  (7,748.0)
HEWLETT-CEDEAR    HPQ AR        36,148.0    (3,730.0)  (7,748.0)
HILTON WORLD-BDR  H1LT34 BZ     15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HLT US        15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HI91 TH       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HI91 GR       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HI91 QT       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HLTEUR EU     15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HLT* MM       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HI91 TE       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HLTEUR EZ     15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HLTW AV       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HI91 GZ       15,211.0    (1,413.0)    (829.0)
HILTON WORLDWIDE  HLT-RM RM     15,211.0    (1,413.0)    (829.0)
HP COMPANY-BDR    HPQB34 BZ     36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ* MM       36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ US        36,148.0    (3,730.0)  (7,748.0)
HP INC            7HP TH        36,148.0    (3,730.0)  (7,748.0)
HP INC            7HP GR        36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ TE        36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ CI        36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ SW        36,148.0    (3,730.0)  (7,748.0)
HP INC            7HP QT        36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQUSD SW     36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQEUR EU     36,148.0    (3,730.0)  (7,748.0)
HP INC            7HP GZ        36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ AV        36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQEUR EZ     36,148.0    (3,730.0)  (7,748.0)
HP INC            HPQ-RM RM     36,148.0    (3,730.0)  (7,748.0)
HP INC            7HPD EB       36,148.0    (3,730.0)  (7,748.0)
HP INC            7HPD IX       36,148.0    (3,730.0)  (7,748.0)
HP INC            7HPD I2       36,148.0    (3,730.0)  (7,748.0)
INSEEGO CORP      INSG-RM RM       157.7       (72.7)      18.6
INSMED INC        INSM US        1,517.7       (44.7)     941.1
INSMED INC        IM8N GR        1,517.7       (44.7)     941.1
INSMED INC        IM8N TH        1,517.7       (44.7)     941.1
INSMED INC        INSMEUR EU     1,517.7       (44.7)     941.1
INSMED INC        INSM* MM       1,517.7       (44.7)     941.1
INSPIRATO INC     ISPO* MM         406.3       (80.0)    (159.2)
INSPIRED ENTERTA  INSE US          316.5       (54.4)      55.2
INSPIRED ENTERTA  4U8 GR           316.5       (54.4)      55.2
INSPIRED ENTERTA  INSEEUR EU       316.5       (54.4)      55.2
INVITAE CORP      NVTA* MM       1,691.7       (36.7)     314.1
INVITAE CORP      NVTA-RM RM     1,691.7       (36.7)     314.1
J. JILL INC       JILL US          466.4        (0.2)      33.8
J. JILL INC       1MJ1 GR          466.4        (0.2)      33.8
J. JILL INC       JILLEUR EU       466.4        (0.2)      33.8
J. JILL INC       1MJ1 GZ          466.4        (0.2)      33.8
JACK IN THE BOX   JBX GR         2,903.4      (701.4)    (248.8)
JACK IN THE BOX   JACK US        2,903.4      (701.4)    (248.8)
JACK IN THE BOX   JACK1EUR EU    2,903.4      (701.4)    (248.8)
JACK IN THE BOX   JBX GZ         2,903.4      (701.4)    (248.8)
JACK IN THE BOX   JBX QT         2,903.4      (701.4)    (248.8)
JAWS MUSTANG A-A  JWSM US           22.7        (0.5)      (3.8)
JAWS MUSTANG ACQ  JWSM/U US         22.7        (0.5)      (3.8)
KLX ENERGY SERVI  KX4A TH          465.9       (15.8)     100.3
L BRANDS INC-BDR  B1BW34 BZ      5,363.0    (2,170.0)     803.0
LEGACY VENTUR-B   LGYV US            0.0        (0.0)      (0.0)
LENNOX INTL INC   LXI GR         2,770.4      (125.9)     145.2
LENNOX INTL INC   LII US         2,770.4      (125.9)     145.2
LENNOX INTL INC   LII1EUR EU     2,770.4      (125.9)     145.2
LENNOX INTL INC   LXI TH         2,770.4      (125.9)     145.2
LENNOX INTL INC   LII* MM        2,770.4      (125.9)     145.2
LESLIE'S INC      LESL US        1,163.2      (255.0)     299.3
LESLIE'S INC      LE3 GR         1,163.2      (255.0)     299.3
LESLIE'S INC      LESLEUR EU     1,163.2      (255.0)     299.3
LESLIE'S INC      LE3 QT         1,163.2      (255.0)     299.3
LINDBLAD EXPEDIT  LIND US          774.3       (82.2)    (152.1)
LINDBLAD EXPEDIT  LI4 GR           774.3       (82.2)    (152.1)
LINDBLAD EXPEDIT  LINDEUR EU       774.3       (82.2)    (152.1)
LINDBLAD EXPEDIT  LI4 TH           774.3       (82.2)    (152.1)
LINDBLAD EXPEDIT  LI4 QT           774.3       (82.2)    (152.1)
LINDBLAD EXPEDIT  LI4 GZ           774.3       (82.2)    (152.1)
LOOP MEDIA INC    LPTV US           18.6        (5.2)      (2.4)
LOWE'S COS INC    LWE GR        45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LOW US        45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LWE TH        45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LWE QT        45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LOWEUR EU     45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LWE GZ        45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LOW* MM       45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LWE TE        45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LOWE AV       45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LOWEUR EZ     45,917.0   (14,710.0)   4,708.0
LOWE'S COS INC    LOW-RM RM     45,917.0   (14,710.0)   4,708.0
LOWE'S COS-BDR    LOWC34 BZ     45,917.0   (14,710.0)   4,708.0
LUMINAR TECHNOLO  LAZR US          658.4       (82.3)     393.9
LUMINAR TECHNOLO  LAZR* MM         658.4       (82.3)     393.9
LUMINAR TECHNOLO  LAZR-RM RM       658.4       (82.3)     393.9
LUMINAR TECHNOLO  9FS GR           658.4       (82.3)     393.9
LUMINAR TECHNOLO  LAZREUR EU       658.4       (82.3)     393.9
LUMINAR TECHNOLO  9FS TH           658.4       (82.3)     393.9
LUMINAR TECHNOLO  9FS GZ           658.4       (82.3)     393.9
LUMINAR TECHNOLO  9FS QT           658.4       (82.3)     393.9
LUMINAR TECHNOLO  L2AZ34 BZ        658.4       (82.3)     393.9
MADISON SQUARE G  MSGS US        1,363.3      (333.0)    (248.6)
MADISON SQUARE G  MS8 GR         1,363.3      (333.0)    (248.6)
MADISON SQUARE G  MSG1EUR EU     1,363.3      (333.0)    (248.6)
MADISON SQUARE G  MS8 TH         1,363.3      (333.0)    (248.6)
MADISON SQUARE G  MS8 QT         1,363.3      (333.0)    (248.6)
MADISON SQUARE G  MS8 GZ         1,363.3      (333.0)    (248.6)
MANNKIND CORP     NNFN GR          298.1      (255.4)     141.4
MANNKIND CORP     MNKD US          298.1      (255.4)     141.4
MANNKIND CORP     NNFN TH          298.1      (255.4)     141.4
MANNKIND CORP     NNFN QT          298.1      (255.4)     141.4
MANNKIND CORP     MNKDEUR EU       298.1      (255.4)     141.4
MANNKIND CORP     MNKDEUR EZ       298.1      (255.4)     141.4
MANNKIND CORP     NNFN GZ          298.1      (255.4)     141.4
MARKETWISE INC    MKTW* MM         431.7      (264.7)     (52.7)
MASCO CORP        MAS US         5,430.0      (120.0)   1,130.0
MASCO CORP        MSQ GR         5,430.0      (120.0)   1,130.0
MASCO CORP        MSQ TH         5,430.0      (120.0)   1,130.0
MASCO CORP        MAS* MM        5,430.0      (120.0)   1,130.0
MASCO CORP        MSQ QT         5,430.0      (120.0)   1,130.0
MASCO CORP        MAS1EUR EU     5,430.0      (120.0)   1,130.0
MASCO CORP        MSQ GZ         5,430.0      (120.0)   1,130.0
MASCO CORP        MAS1EUR EZ     5,430.0      (120.0)   1,130.0
MASCO CORP        MAS-RM RM      5,430.0      (120.0)   1,130.0
MASCO CORP-BDR    M1AS34 BZ      5,430.0      (120.0)   1,130.0
MATCH GROUP -BDR  M1TC34 BZ      4,203.9      (334.5)     398.6
MATCH GROUP INC   0JZ7 LI        4,203.9      (334.5)     398.6
MATCH GROUP INC   MTCH US        4,203.9      (334.5)     398.6
MATCH GROUP INC   MTCH1* MM      4,203.9      (334.5)     398.6
MATCH GROUP INC   4MGN TH        4,203.9      (334.5)     398.6
MATCH GROUP INC   4MGN GR        4,203.9      (334.5)     398.6
MATCH GROUP INC   4MGN QT        4,203.9      (334.5)     398.6
MATCH GROUP INC   4MGN SW        4,203.9      (334.5)     398.6
MATCH GROUP INC   MTC2 AV        4,203.9      (334.5)     398.6
MATCH GROUP INC   4MGN GZ        4,203.9      (334.5)     398.6
MATCH GROUP INC   MTCH-RM RM     4,203.9      (334.5)     398.6
MBIA INC          MBI US         3,317.0      (899.0)       -
MBIA INC          MBJ GR         3,317.0      (899.0)       -
MBIA INC          MBJ TH         3,317.0      (899.0)       -
MBIA INC          MBJ QT         3,317.0      (899.0)       -
MBIA INC          MBI1EUR EU     3,317.0      (899.0)       -
MBIA INC          MBJ GZ         3,317.0      (899.0)       -
MCDONALD'S - CDR  MDO0 GR       52,014.4    (5,776.1)   2,174.0
MCDONALD'S CORP   MDOD EB       52,014.4    (5,776.1)   2,174.0
MCDONALD'S CORP   MDOD IX       52,014.4    (5,776.1)   2,174.0
MCDONALD'S CORP   MDOD I2       52,014.4    (5,776.1)   2,174.0
MCDONALDS - BDR   MCDC34 BZ     52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MDO TH        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD TE        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MDO GR        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD* MM       52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD US        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD SW        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD CI        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MDO QT        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCDUSD SW     52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCDEUR EU     52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MDO GZ        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD AV        52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCDEUR EZ     52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    0R16 LN       52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCD-RM RM     52,014.4    (5,776.1)   2,174.0
MCDONALDS CORP    MCDCL CI      52,014.4    (5,776.1)   2,174.0
MCDONALDS-CEDEAR  MCDD AR       52,014.4    (5,776.1)   2,174.0
MCDONALDS-CEDEAR  MCDC AR       52,014.4    (5,776.1)   2,174.0
MCDONALDS-CEDEAR  MCD AR        52,014.4    (5,776.1)   2,174.0
MCKESSON CORP     MCK* MM       62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK GR        62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK US        62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK TH        62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK1EUR EU    62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK QT        62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK GZ        62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK1EUR EZ    62,320.0    (1,490.0)  (3,665.0)
MCKESSON CORP     MCK-RM RM     62,320.0    (1,490.0)  (3,665.0)
MCKESSON-BDR      M1CK34 BZ     62,320.0    (1,490.0)  (3,665.0)
MEDIAALPHA INC-A  MAX US           153.4       (88.7)       2.1
METTLER-TOLEDO    MTD US         3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTO GR         3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTO QT         3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTO GZ         3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTO TH         3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTDEUR EU      3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTD* MM        3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTDEUR EZ      3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTD AV         3,409.9       (24.5)     282.5
METTLER-TOLEDO    MTD-RM RM      3,409.9       (24.5)     282.5
MONEYGRAM INTERN  MGI US         4,135.5      (143.4)      (8.0)
MONEYGRAM INTERN  9M1N GR        4,135.5      (143.4)      (8.0)
MONEYGRAM INTERN  9M1N QT        4,135.5      (143.4)      (8.0)
MONEYGRAM INTERN  9M1N TH        4,135.5      (143.4)      (8.0)
MONEYGRAM INTERN  MGIEUR EU      4,135.5      (143.4)      (8.0)
MSCI INC          3HM GR         5,058.7      (901.4)     602.0
MSCI INC          MSCI US        5,058.7      (901.4)     602.0
MSCI INC          3HM QT         5,058.7      (901.4)     602.0
MSCI INC          3HM SW         5,058.7      (901.4)     602.0
MSCI INC          MSCI* MM       5,058.7      (901.4)     602.0
MSCI INC          MSCIEUR EZ     5,058.7      (901.4)     602.0
MSCI INC          3HM GZ         5,058.7      (901.4)     602.0
MSCI INC          3HM TH         5,058.7      (901.4)     602.0
MSCI INC          MSCI AV        5,058.7      (901.4)     602.0
MSCI INC          MSCI-RM RM     5,058.7      (901.4)     602.0
MSCI INC-BDR      M1SC34 BZ      5,058.7      (901.4)     602.0
NATHANS FAMOUS    NATH US           81.8       (46.0)      58.4
NATHANS FAMOUS    NFA GR            81.8       (46.0)      58.4
NATHANS FAMOUS    NATHEUR EU        81.8       (46.0)      58.4
NEW ENG RLTY-LP   NEN US           385.0       (64.9)       -
NORWEGIAN CR-BDR  N1CL34 BZ     18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  NCLH US       18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  1NC GR        18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  NCLHN MM      18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  NCLHEUR EU    18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  1NC TH        18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  1NC QT        18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  NCLH AV       18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  1NC SW        18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  NCLHEUR EZ    18,350.7       (99.5)  (4,054.9)
NORWEGIAN CRUISE  1NC GZ        18,350.7       (99.5)  (4,054.9)
NOVAVAX INC       NVV1 GR        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVAX US        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVV1 TH        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVV1 QT        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVAXEUR EU     1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVV1 GZ        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVV1 SW        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVAX* MM       1,542.7      (895.6)    (947.8)
NOVAVAX INC       0A3S LI        1,542.7      (895.6)    (947.8)
NOVAVAX INC       NVV1 BU        1,542.7      (895.6)    (947.8)
NUTANIX INC - A   NTNX US        2,396.0      (789.1)     596.1
NUTANIX INC - A   0NU GR         2,396.0      (789.1)     596.1
NUTANIX INC - A   NTNXEUR EU     2,396.0      (789.1)     596.1
NUTANIX INC - A   0NU TH         2,396.0      (789.1)     596.1
NUTANIX INC - A   0NU QT         2,396.0      (789.1)     596.1
NUTANIX INC - A   0NU GZ         2,396.0      (789.1)     596.1
NUTANIX INC - A   NTNXEUR EZ     2,396.0      (789.1)     596.1
NUTANIX INC - A   NTNX-RM RM     2,396.0      (789.1)     596.1
O'REILLY AUT-BDR  ORLY34 BZ     12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  OM6 GR        12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLY US       12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  OM6 TH        12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLY SW       12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  OM6 QT        12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLY* MM      12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLYEUR EU    12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  OM6 GZ        12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLY AV       12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLYEUR EZ    12,972.8    (1,625.0)  (2,168.3)
O'REILLY AUTOMOT  ORLY-RM RM    12,972.8    (1,625.0)  (2,168.3)
ORACLE BDR        ORCL34 BZ    131,620.0    (1,912.0)  (4,184.0)
ORACLE CO-CEDEAR  ORCLC AR     131,620.0    (1,912.0)  (4,184.0)
ORACLE CO-CEDEAR  ORCL AR      131,620.0    (1,912.0)  (4,184.0)
ORACLE CO-CEDEAR  ORCLD AR     131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL US      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORC GR       131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL* MM     131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL TE      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORC TH       131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL CI      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL SW      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCLEUR EU   131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORC QT       131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCLUSD EU   131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCLUSD SW   131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORC GZ       131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       0R1Z LN      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL AV      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCLEUR EZ   131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCLUSD EZ   131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCLCL CI    131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCL-RM RM   131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCD EB      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCD I2      131,620.0    (1,912.0)  (4,184.0)
ORACLE CORP       ORCD IX      131,620.0    (1,912.0)  (4,184.0)
ORGANON & CO      OGN US        10,763.0      (737.0)   1,434.0
ORGANON & CO      7XP TH        10,763.0      (737.0)   1,434.0
ORGANON & CO      OGN-WEUR EU   10,763.0      (737.0)   1,434.0
ORGANON & CO      7XP GR        10,763.0      (737.0)   1,434.0
ORGANON & CO      OGN* MM       10,763.0      (737.0)   1,434.0
ORGANON & CO      7XP GZ        10,763.0      (737.0)   1,434.0
ORGANON & CO      7XP QT        10,763.0      (737.0)   1,434.0
ORGANON & CO      OGN-RM RM     10,763.0      (737.0)   1,434.0
OTIS WORLDWI      OTIS US        9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      4PG GR         9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      4PG GZ         9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      OTISEUR EZ     9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      OTISEUR EU     9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      OTIS* MM       9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      4PG TH         9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      4PG QT         9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      OTIS AV        9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI      OTIS-RM RM     9,845.0    (4,638.0)    (670.0)
OTIS WORLDWI-BDR  O1TI34 BZ      9,845.0    (4,638.0)    (670.0)
PAPA JOHN'S INTL  PZZA US          864.9      (474.1)     (26.0)
PAPA JOHN'S INTL  PP1 GR           864.9      (474.1)     (26.0)
PAPA JOHN'S INTL  PZZAEUR EU       864.9      (474.1)     (26.0)
PAPA JOHN'S INTL  PP1 GZ           864.9      (474.1)     (26.0)
PAPA JOHN'S INTL  PP1 TH           864.9      (474.1)     (26.0)
PAPA JOHN'S INTL  PP1 QT           864.9      (474.1)     (26.0)
PELOTON INTERA-A  PTON US        3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  2ON GR         3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  2ON GZ         3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  PTONEUR EZ     3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  PTONEUR EU     3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  2ON QT         3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  2ON TH         3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  PTON* MM       3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  0A46 LI        3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  PTON AV        3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  2ON SW         3,016.3      (127.0)   1,004.4
PELOTON INTERA-A  PTON-RM RM     3,016.3      (127.0)   1,004.4
PETRO USA INC     PBAJ US            -          (0.1)      (0.1)
PHATHOM PHARMACE  PHAT US          144.0       (90.2)     125.4
PHILIP MORRI-BDR  PHMO34 BZ     62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM1EUR EU     62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PMI SW        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM1 TE        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  4I1 TH        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM1CHF EU     62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  4I1 GR        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM US         62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PMIZ IX       62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PMIZ EB       62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  4I1 QT        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  4I1 GZ        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  0M8V LN       62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PMOR AV       62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM* MM        62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM1CHF EZ     62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM1EUR EZ     62,060.0    (7,053.0)  (3,414.0)
PHILIP MORRIS IN  PM-RM RM      62,060.0    (7,053.0)  (3,414.0)
PLANET FITNESS I  P2LN34 BZ      2,905.6      (158.6)     338.5
PLANET FITNESS I  PLNT* MM       2,905.6      (158.6)     338.5
PLANET FITNESS-A  PLNT US        2,905.6      (158.6)     338.5
PLANET FITNESS-A  3PL TH         2,905.6      (158.6)     338.5
PLANET FITNESS-A  3PL GR         2,905.6      (158.6)     338.5
PLANET FITNESS-A  3PL QT         2,905.6      (158.6)     338.5
PLANET FITNESS-A  PLNT1EUR EU    2,905.6      (158.6)     338.5
PLANET FITNESS-A  PLNT1EUR EZ    2,905.6      (158.6)     338.5
PLANET FITNESS-A  3PL GZ         2,905.6      (158.6)     338.5
PRESTO AUTOMATIO  PRST US           61.2       (12.2)      30.8
PROS HOLDINGS IN  PH2 GR           437.6       (48.0)      95.9
PROS HOLDINGS IN  PRO US           437.6       (48.0)      95.9
PROS HOLDINGS IN  PRO1EUR EU       437.6       (48.0)      95.9
PTC THERAPEUTICS  PTCT US        1,608.8      (457.6)     171.8
PTC THERAPEUTICS  BH3 GR         1,608.8      (457.6)     171.8
PTC THERAPEUTICS  P91 TH         1,608.8      (457.6)     171.8
PTC THERAPEUTICS  P91 QT         1,608.8      (457.6)     171.8
PULSE BIOSCIENCE  PLSE US           70.2       (10.7)      48.0
PULSE BIOSCIENCE  6L8 GZ            70.2       (10.7)      48.0
RAPID7 INC        RPD US         1,329.5      (110.2)     (39.1)
RAPID7 INC        R7D GR         1,329.5      (110.2)     (39.1)
RAPID7 INC        RPDEUR EU      1,329.5      (110.2)     (39.1)
RAPID7 INC        R7D TH         1,329.5      (110.2)     (39.1)
RAPID7 INC        RPD* MM        1,329.5      (110.2)     (39.1)
RAPID7 INC        R7D GZ         1,329.5      (110.2)     (39.1)
RAPID7 INC        R7D QT         1,329.5      (110.2)     (39.1)
RAPID7 INC-BDR    R2PD34 BZ      1,329.5      (110.2)     (39.1)
REATA PHARMACE-A  RETA US          453.6      (130.7)     277.9
REATA PHARMACE-A  2R3 GR           453.6      (130.7)     277.9
REATA PHARMACE-A  RETAEUR EU       453.6      (130.7)     277.9
REATA PHARMACE-A  2R3 GZ           453.6      (130.7)     277.9
REATA PHARMACE-A  2R3 TH           453.6      (130.7)     277.9
REATA PHARMACE-A  2R3 QT           453.6      (130.7)     277.9
REVANCE THERAPEU  RVNC US          547.8       (26.7)     245.0
REVANCE THERAPEU  RTI GR           547.8       (26.7)     245.0
REVANCE THERAPEU  RTI QT           547.8       (26.7)     245.0
REVANCE THERAPEU  RVNCEUR EU       547.8       (26.7)     245.0
REVANCE THERAPEU  RVNCEUR EZ       547.8       (26.7)     245.0
REVANCE THERAPEU  RTI TH           547.8       (26.7)     245.0
REVANCE THERAPEU  RTI GZ           547.8       (26.7)     245.0
RIMINI STREET IN  RMNI US          368.1       (70.1)     (67.8)
RIMINI STREET IN  0QH GR           368.1       (70.1)     (67.8)
RIMINI STREET IN  RMNIEUR EU       368.1       (70.1)     (67.8)
RIMINI STREET IN  0QH QT           368.1       (70.1)     (67.8)
RINGCENTRAL IN-A  RNG US         2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  3RCA GR        2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  RNGEUR EU      2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  3RCA TH        2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  3RCA QT        2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  RNGEUR EZ      2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  RNG* MM        2,046.4      (272.5)     259.8
RINGCENTRAL IN-A  3RCA GZ        2,046.4      (272.5)     259.8
RINGCENTRAL-BDR   R2NG34 BZ      2,046.4      (272.5)     259.8
SABRE CORP        SABR US        5,026.0      (949.0)     578.7
SABRE CORP        19S TH         5,026.0      (949.0)     578.7
SABRE CORP        19S QT         5,026.0      (949.0)     578.7
SABRE CORP        SABREUR EZ     5,026.0      (949.0)     578.7
SBA COMM CORP     4SB GR        10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     SBAC US       10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     4SB TH        10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     4SB QT        10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     SBACEUR EU    10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     4SB GZ        10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     SBAC* MM      10,541.5    (5,231.0)    (167.2)
SBA COMM CORP     SBACEUR EZ    10,541.5    (5,231.0)    (167.2)
SEAGATE TECHNOLO  S1TX34 BZ      7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  STXN MM        7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  STX US         7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  847 GR         7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  847 GZ         7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  STX4EUR EU     7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  847 TH         7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  STXH AV        7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  847 QT         7,967.0    (1,004.0)     (42.0)
SEAGATE TECHNOLO  STH TE         7,967.0    (1,004.0)     (42.0)
SEAWORLD ENTERTA  SEAS US        2,353.9      (454.7)    (239.2)
SEAWORLD ENTERTA  W2L GR         2,353.9      (454.7)    (239.2)
SEAWORLD ENTERTA  W2L TH         2,353.9      (454.7)    (239.2)
SEAWORLD ENTERTA  SEASEUR EU     2,353.9      (454.7)    (239.2)
SEAWORLD ENTERTA  W2L QT         2,353.9      (454.7)    (239.2)
SEAWORLD ENTERTA  W2L GZ         2,353.9      (454.7)    (239.2)
SERES THERAPEUTI  MCRB US          270.2       (47.9)      52.3
SERES THERAPEUTI  1S9 GR           270.2       (47.9)      52.3
SERES THERAPEUTI  MCRB1EUR EU      270.2       (47.9)      52.3
SERES THERAPEUTI  1S9 TH           270.2       (47.9)      52.3
SILVER SPIKE-A    SPKC/U CN          5.2        (6.8)       0.1
SIRIUS XM HO-BDR  SRXM34 BZ     10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  SIRI US       10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  RDO TH        10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  RDO GR        10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  RDO QT        10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  SIRIEUR EU    10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  RDO GZ        10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  SIRI AV       10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  SIRIEUR EZ    10,023.0    (3,259.0)  (1,816.0)
SIRIUS XM HOLDIN  SIRI* MM      10,023.0    (3,259.0)  (1,816.0)
SIX FLAGS ENTERT  SIX US         2,658.2      (495.3)    (278.8)
SIX FLAGS ENTERT  6FE GR         2,658.2      (495.3)    (278.8)
SIX FLAGS ENTERT  SIXEUR EU      2,658.2      (495.3)    (278.8)
SIX FLAGS ENTERT  6FE TH         2,658.2      (495.3)    (278.8)
SIX FLAGS ENTERT  6FE QT         2,658.2      (495.3)    (278.8)
SLEEP NUMBER COR  SNBR US          962.8      (425.0)    (717.3)
SLEEP NUMBER COR  SL2 GR           962.8      (425.0)    (717.3)
SLEEP NUMBER COR  SNBREUR EU       962.8      (425.0)    (717.3)
SLEEP NUMBER COR  SL2 TH           962.8      (425.0)    (717.3)
SLEEP NUMBER COR  SL2 QT           962.8      (425.0)    (717.3)
SLEEP NUMBER COR  SL2 GZ           962.8      (425.0)    (717.3)
SMILEDIRECTCLUB   SDC* MM          545.6      (441.9)     139.3
SONDER HOLDINGS   SOND* MM       1,521.5       (96.8)      (8.4)
SPIRIT AEROSYS-A  S9Q GR         6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  SPR US         6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  S9Q TH         6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  SPREUR EU      6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  S9Q QT         6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  SPREUR EZ      6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  S9Q GZ         6,574.7      (444.6)   1,192.0
SPIRIT AEROSYS-A  SPR-RM RM      6,574.7      (444.6)   1,192.0
SPLUNK INC        SPLK US        5,966.1      (156.0)     900.2
SPLUNK INC        S0U GR         5,966.1      (156.0)     900.2
SPLUNK INC        S0U TH         5,966.1      (156.0)     900.2
SPLUNK INC        S0U QT         5,966.1      (156.0)     900.2
SPLUNK INC        SPLK SW        5,966.1      (156.0)     900.2
SPLUNK INC        SPLKEUR EU     5,966.1      (156.0)     900.2
SPLUNK INC        SPLK* MM       5,966.1      (156.0)     900.2
SPLUNK INC        SPLKEUR EZ     5,966.1      (156.0)     900.2
SPLUNK INC        S0U GZ         5,966.1      (156.0)     900.2
SPLUNK INC        SPLK-RM RM     5,966.1      (156.0)     900.2
SPLUNK INC - BDR  S1PL34 BZ      5,966.1      (156.0)     900.2
SQUARESPACE -BDR  S2QS34 BZ        754.4      (318.3)    (132.4)
SQUARESPACE IN-A  SQSP US          754.4      (318.3)    (132.4)
SQUARESPACE IN-A  8DT GR           754.4      (318.3)    (132.4)
SQUARESPACE IN-A  8DT GZ           754.4      (318.3)    (132.4)
SQUARESPACE IN-A  SQSPEUR EU       754.4      (318.3)    (132.4)
SQUARESPACE IN-A  8DT TH           754.4      (318.3)    (132.4)
SQUARESPACE IN-A  8DT QT           754.4      (318.3)    (132.4)
STARBUCKS CORP    SBUX US       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX* MM      28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRB TH        28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRB GR        28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX CI       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX SW       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRB QT        28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX PE       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUXUSD SW    28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRB GZ        28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX AV       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX TE       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUXEUR EU    28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    1SBUX IM      28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUXEUR EZ    28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    0QZH LI       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX-RM RM    28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUXCL CI     28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SBUX_KZ KZ    28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRBD EB       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRBD IX       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS CORP    SRBD I2       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS-BDR     SBUB34 BZ     28,609.0    (8,499.4)  (2,075.6)
STARBUCKS-CEDEAR  SBUX AR       28,609.0    (8,499.4)  (2,075.6)
STARBUCKS-CEDEAR  SBUXD AR      28,609.0    (8,499.4)  (2,075.6)
SYNDAX PHARMACEU  SNDX US          459.8      (298.7)     417.8
SYNDAX PHARMACEU  1T3 GR           459.8      (298.7)     417.8
SYNDAX PHARMACEU  SNDXEUR EU       459.8      (298.7)     417.8
SYNDAX PHARMACEU  1T3 TH           459.8      (298.7)     417.8
SYNDAX PHARMACEU  1T3 QT           459.8      (298.7)     417.8
SYNDAX PHARMACEU  1T3 GZ           459.8      (298.7)     417.8
TRANSAT A.T.      TRZ CN         2,527.1      (807.1)     (82.5)
TRANSDIGM - BDR   T1DG34 BZ     20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   T7D GR        20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   TDG US        20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   T7D QT        20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   TDGEUR EU     20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   T7D TH        20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   TDG* MM       20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   TDGEUR EZ     20,008.0    (2,893.0)   4,934.0
TRANSDIGM GROUP   TDG-RM RM     20,008.0    (2,893.0)   4,934.0
TRAVEL + LEISURE  WD5A GR        6,477.0      (975.0)     616.0
TRAVEL + LEISURE  TNL US         6,477.0      (975.0)     616.0
TRAVEL + LEISURE  WD5A TH        6,477.0      (975.0)     616.0
TRAVEL + LEISURE  WD5A QT        6,477.0      (975.0)     616.0
TRAVEL + LEISURE  WYNEUR EU      6,477.0      (975.0)     616.0
TRAVEL + LEISURE  0M1K LI        6,477.0      (975.0)     616.0
TRAVEL + LEISURE  WYNEUR EZ      6,477.0      (975.0)     616.0
TRAVEL + LEISURE  WD5A GZ        6,477.0      (975.0)     616.0
TRAVEL + LEISURE  TNL* MM        6,477.0      (975.0)     616.0
TRIUMPH GROUP     TG7 GR         1,714.8      (797.4)     536.6
TRIUMPH GROUP     TGI US         1,714.8      (797.4)     536.6
TRIUMPH GROUP     TGIEUR EU      1,714.8      (797.4)     536.6
TRIUMPH GROUP     TG7 TH         1,714.8      (797.4)     536.6
TRIUMPH GROUP     TG7 GZ         1,714.8      (797.4)     536.6
UBIQUITI INC      3UB GR         1,375.2      (184.5)     790.0
UBIQUITI INC      UI US          1,375.2      (184.5)     790.0
UBIQUITI INC      UBNTEUR EU     1,375.2      (184.5)     790.0
UBIQUITI INC      3UB TH         1,375.2      (184.5)     790.0
UNITED HOMES GRO  UHG US           283.8      (363.3)     249.9
UNITED HOMES GRO  6PO GR           283.8      (363.3)     249.9
UNITED HOMES GRO  DHHCEUR EU       283.8      (363.3)     249.9
UNITI GROUP INC   UNIT US        4,988.2    (2,324.2)       -
UNITI GROUP INC   8XC GR         4,988.2    (2,324.2)       -
UNITI GROUP INC   8XC TH         4,988.2    (2,324.2)       -
UNITI GROUP INC   8XC GZ         4,988.2    (2,324.2)       -
UROGEN PHARMA LT  URGN US          113.0      (116.6)      70.7
UROGEN PHARMA LT  UR8 GR           113.0      (116.6)      70.7
UROGEN PHARMA LT  URGNEUR EU       113.0      (116.6)      70.7
US GOLDMINING IN  USGO US            0.3        (2.1)      (1.9)
US GOLDMINING IN  Q0G GR             0.3        (2.1)      (1.9)
US GOLDMINING IN  USGOEUR EU         0.3        (2.1)      (1.9)
US GOLDMINING IN  Q0G TH             0.3        (2.1)      (1.9)
US GOLDMINING IN  Q0G GZ             0.3        (2.1)      (1.9)
VECTOR GROUP LTD  VGR GR           955.9      (805.8)     301.2
VECTOR GROUP LTD  VGR US           955.9      (805.8)     301.2
VECTOR GROUP LTD  VGR QT           955.9      (805.8)     301.2
VECTOR GROUP LTD  VGREUR EU        955.9      (805.8)     301.2
VECTOR GROUP LTD  VGREUR EZ        955.9      (805.8)     301.2
VECTOR GROUP LTD  VGR TH           955.9      (805.8)     301.2
VECTOR GROUP LTD  VGR GZ           955.9      (805.8)     301.2
VERISIGN INC      VRS TH         1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRS GR         1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRSN US        1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRS QT         1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRSNEUR EU     1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRS GZ         1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRSN* MM       1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRSNEUR EZ     1,757.0    (1,593.8)     (98.3)
VERISIGN INC      VRSN-RM RM     1,757.0    (1,593.8)     (98.3)
VERISIGN INC-BDR  VRSN34 BZ      1,757.0    (1,593.8)     (98.3)
VERISIGN-CEDEAR   VRSN AR        1,757.0    (1,593.8)     (98.3)
WAVE LIFE SCIENC  WVE US           267.3       (26.8)      87.0
WAVE LIFE SCIENC  WVEEUR EU        267.3       (26.8)      87.0
WAVE LIFE SCIENC  1U5 GR           267.3       (26.8)      87.0
WAVE LIFE SCIENC  1U5 TH           267.3       (26.8)      87.0
WAVE LIFE SCIENC  1U5 GZ           267.3       (26.8)      87.0
WAYFAIR INC- A    W US           3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    1WF GR         3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    1WF TH         3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    WEUR EU        3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    1WF QT         3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    WEUR EZ        3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    1WF GZ         3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- A    W* MM          3,212.0    (2,745.0)    (302.0)
WAYFAIR INC- BDR  W2YF34 BZ      3,212.0    (2,745.0)    (302.0)
WEWORK INC-CL A   WE* MM        16,949.0    (3,786.0)  (1,437.0)
WINGSTOP INC      WING US          451.3      (379.8)     170.1
WINGSTOP INC      EWG GR           451.3      (379.8)     170.1
WINGSTOP INC      WING1EUR EU      451.3      (379.8)     170.1
WINGSTOP INC      EWG GZ           451.3      (379.8)     170.1
WINGSTOP INC      EWG TH           451.3      (379.8)     170.1
WINMARK CORP      WINA US           39.7       (54.0)      14.4
WINMARK CORP      GBZ GR            39.7       (54.0)      14.4
WPF HOLDINGS INC  WPFH US            0.0        (0.3)      (0.3)
WW INTERNATIONAL  WW US            973.7      (802.3)     (31.6)
WW INTERNATIONAL  WW6 GR           973.7      (802.3)     (31.6)
WW INTERNATIONAL  WW6 TH           973.7      (802.3)     (31.6)
WW INTERNATIONAL  WTWEUR EU        973.7      (802.3)     (31.6)
WW INTERNATIONAL  WW6 QT           973.7      (802.3)     (31.6)
WW INTERNATIONAL  WW6 GZ           973.7      (802.3)     (31.6)
WW INTERNATIONAL  WTW AV           973.7      (802.3)     (31.6)
WW INTERNATIONAL  WTWEUR EZ        973.7      (802.3)     (31.6)
WW INTERNATIONAL  WW-RM RM         973.7      (802.3)     (31.6)
WYNN RESORTS LTD  WYR GR        13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYNN* MM      13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYNN US       13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYR TH        13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYNN SW       13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYR QT        13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYNNEUR EU    13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYR GZ        13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYNNEUR EZ    13,724.0    (1,616.4)   2,882.4
WYNN RESORTS LTD  WYNN-RM RM    13,724.0    (1,616.4)   2,882.4
WYNN RESORTS-BDR  W1YN34 BZ     13,724.0    (1,616.4)   2,882.4
YUM! BRANDS -BDR  YUMR34 BZ      5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUM US         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   TGR GR         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   TGR TH         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUMEUR EU      5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   TGR QT         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUM SW         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUMUSD SW      5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   TGR GZ         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUM* MM        5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUM AV         5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUMEUR EZ      5,749.0    (8,774.0)      (9.0)
YUM! BRANDS INC   YUM-RM RM      5,749.0    (8,774.0)      (9.0)



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2023.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
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are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***