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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

              Thursday, June 1, 2023, Vol. 27, No. 151

                            Headlines

21ST CENTURY: Commences Subchapter V Bankruptcy Process
AEQUOR MGT: Taps Houthoff Cooperatief as Special Counsel
AIDC INTERMEDIATE: Hancock Park Marks $1.8M Loan at 74% Off
ALLEN MEDIA: Hancock Park Marks $1.2M Loan at 18% Off
ANSIRA INC: Audax Credit Marks $2.2M Loan at 62% Off

ASSET REALTY: Unsecureds Will Get 20% via Quarterly Payments
ASTRO ONE: Hancock Park Marks $1M Loan at 49% Off
ASURION LLC: Hancock Park Marks $2M Loan at 16% Off
ATHENEX INC: U.S. Trustee Appoints Creditors' Committee
ATKORE INC: Fitch Affirms LongTerm IDR at 'BB+', Outlook Stable

AUTO EUROPE: Audax Credit Marks $1.1M Loan at 20% Off
BARE ARMS: Seeks to Hire Dennery PLLC as Bankruptcy Counsel
BASS MANAGEMENT: Taps Janus Hotel Management Services as Manager
BHD SLT: David Sousa Named Subchapter V Trustee
CANOVA ELECTRICAL: Seeks Cash Collateral Access

CEN TEX SUPERIOR: Seeks Approval to Employ Stephanie's Accounting
CENTRALIA APARTMENTS: Files Bare-Bones Chapter 11 Petition
CINEWORLD GROUP: Possible Bankruptcy Plan Approval Extended
COOK & BOARDMAN: S&P affirms 'B-' ICR, Affirms Stable Outlook
COX INDUSTRIAL: Court OKs Final Cash Collateral Access

DAVID'S BRIDAL: Creditors Committee Says Firm's Survival in Doubt
DIAMOND SPORTS: Ch. 11 Row Could Strike Out Local Cable Coverage
DIEBOLD NIXDORF: To Enter Chapter 11 With Prepackaged Plan
DIOCESE OF ROCKVILLE CENTRE: Suit Seeks to Claw Back $250M
E-B DISPLAY: U.S. Trustee Appoints Creditors' Committee

ELECTRICAL COMPONENTS: Hancock Park Marks $1.3M Loan at 20% Off
ENDO INT'L: First Lien Group Update List of Members, Holdings
ENVISION HEALTHCARE: Group Has Gibson Dunn, Munsch as Attorneys
FAAVEE LLC: Taps Watters International to Sell Austin Property
FS ENERGY: S&P Alters Outlook to Stable, Affirms 'B' ICR

GATOR COURIER: Seeks Chapter 11; Ford Seeks Stay Relief
GREAT OUTDOORS: S&P Upgrades ICR to 'BB', Outlook Stable
HUCKLEBERRY PARTNERS: Taps David Jennis as Substitute Counsel
IVANTI SOFTWARE: Audax Credit Marks $2.9M Loan at 18% Off
JDI DATA CORPORATION: Trustee Taps Bilzin as Special Counsel

JOYCARE THERAPY: Taps Samuel Behar CPA as Accountant
KALI'S COURT: Seeks to Hire Scarlett & Croll as Legal Counsel
KALI'S COURT: Seeks to Hire Theodore Losin as Business Manager
KALI'S COURT: Seeks to Tap Luxenburg & Bronfin as Accountant
KDP LLC: Credit Research Provider in Chapter 11

LIFESCAN GLOBAL: S&P Raises ICR to 'CCC+', Outlook Negative
LOGMEIN INC: Hancock Park Marks $1.3M Loan at 42% Off
MALLINCKRODT PLC: Lenders Submit Proposal as Payment Deadline Nears
MALLINCKRODT PLC: Taps Perella Prior to Opioid Payment Talks
MANZELLA PROPERTIES: Trustee Taps CBRE Inc. as Real Estate Broker

MLCJR LLC: U.S. Trustee Appoints Creditors' Committee
NASHEF LLC: Voluntary Chapter 11 Case Summary
NEONATOLOGIST ASSOCIATES: Taps Hatillo Law Office as Counsel
NUOVO CIAO-DI: Unsecureds to Get 0% in Creditor's Plan
OFFSHORE SPARS: Court OKs Cash Collateral Access Thru June 23

ONKAAR INC: Taps Law Offices of Gabriel Liberman as Counsel
OSG BILLING: Audax Credit Marks $1.4M Loan at 23% Off
PANTHEON GASTRONOMY: Taps Lane Gorman Trubitt as Financial Advisor
PAVERS INC: Seeks Approval to Hire Purple Wave as Auctioneer
PHILLIPS SEABROOK: Gets OK to Hire EveryDay CPA as Accountant

PILL CLUB PHARMACY: Seeks $5.5MM DIP Loan from TriplePoint
QST INGREDIENTS: Seeks Approval to Hire Davey Resource Group
QST INGREDIENTS: Seeks to Hire Butler Snow as Special Counsel
R & E PETROLEUM: Seeks to Hire Patrick Gros CPA APAC as Accountant
RACOLE EXTENSIONS: Unsecureds Will Get 10% of Claims in Plan

RAW INDULGENCE: Seeks to Hire Klinger & Klinger as Accountant
RAW INDULGENCE: Seeks to Tap Davidoff Hutcher & Citron as Counsel
REYNOLDS CONSUMER: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
ROBBIN'S NEST: Seeks Approval to Hire Total Sum as Bookkeeper
ROCKIES EXPRESS: Fitch Affirms LongTerm IDR at BB+, Outlook Stable

RSA SECURITY: Hancock Park Marks $1M Loan at 42% Off
SAS AB: Norske SAS-Flygeres Seeks Appointment to Committee
SERTA SIMMONS: Amends Non-PTL Claims Pay Details
SONAVATION INC: Enters Chapter 11 Bankruptcy Protection
STUBHUB: Audax Credit Marks $483,750 Loan at 27% Off

SVB FINANCIAL: Creditors Committee Members Disclose Claims
SVB FINANCIAL: Shareholders Hire Advisers for Help in Recovery
TEMPO ACQUISITION: S&P Affirms 'B+' ICR, Outlook Stable
WHEELS PROS: Audax Credit Marks $492,500 Loan at 29% Off
YAK TIMBER: Seeks Chapter 11 Bankruptcy After Parent Is Sued

[*] 8 Hospital Closures and Bankruptcies in the U.S. in 2023
[^] Recent Small-Dollar & Individual Chapter 11 Filings

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21ST CENTURY: Commences Subchapter V Bankruptcy Process
-------------------------------------------------------
21st Century Communities Inc. and two affiliates filed for chapter
11 protection in the District of Nevada.  21st Century elected on
its voluntary petition to proceed under Subchapter V of chapter 11
of the Bankruptcy Code.

The Debtors have sought joint administration of their cases.

21st Century Communities owns 100% of the membership interests in
FCT-MM, LLC and FCT-SM, LLC. 21st Century Communities is also the
managing member of both FCT-MM, LLC and FCT-SM, LLC.

FCT-MM, LLC, and FCT-SM, LLC each owns a 0.5% interest in Forest
Creek Townhomes, LLC.  A non-affiliated entity, Idacorp Financial
Services, Inc.  owns the remaining 99% interest in Forest Creek
Townhomes for tax reporting purposes.  Idacorp has no management
authority in Forest Creek Townhomes.

Forest Creek Townhomes owns an apartment complex consisting of 446
units located in Memphis, Tennessee.

FCT-SM, LLC, is a special member of Forest Creek Townhomes,
providing construction services for the Townhomes held by Forest
Creek Townhomes, LLC.  

FCT-MM, LLC, is the managing member of Forest Creek Townhomes.
Although it owns only .5% of Forest Creek Townhomes, it is entitled
to receive approximately 90% of the cash flow of Forest Creek
Townhomes, and approximately 90% of any appreciation in the value
of Forest Creek Townhomes, LLC by way of the operating agreement
entered into by Idacorp.

The townhomes owned by Forest Creek Townhomes have received low
income tax credits from the Internal Revenue Service in the
approximate amount of $10,500,000.  Idacorp purchased the tax
credits at a discounted rate from Forest Creek Townhomes, LLC. In
turn, the funds received from Idacorp's purchase of low income tax
credits were used to renovate the townhomes. FCT-SM advanced
approximately $821,144 toward the renovation of the townhomes, and
is entitled, pursuant to one or more contracts, to reimbursement of
those funds from Forest Creek Townhomes.  Fallbrook Capital
Securities referred Idacorp Financial Services, Inc., which is
owned by Idaho Power, to buy the tax credits.

On or about Sept. 7, 2021, Idacorp, in collusion with Fallbrook
Capital Securities, wrongfully terminated FCT-MM's membership
interests in Forest Creek Townhomes.  As a result, FCT-MM commenced
litigation in State Court in Memphis Tennessee.  That litigation
was subsequently removed to the United States District Court for
the Western District of Tennessee (the "Tennessee litigation").

Ultimately, the parties in the Tennessee litigation reached a
settlement agreement, in principal.  The settlement agreement was
not finalized.  The parties were unable to agree to the final terms
of the settlement, and negotiations have broken down.

According to bankruptcy court filings, 21st Century has $1,448,631
in debt owed to 1 to 49 creditors.  The petition states that funds
will not be available to unsecured creditors.

               About 21st Century Communities

21st Century Communities Inc. is engaged in activities related to
real estate.

21st Century Communities sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 22-13005) on Aug. 23,
2022.  In November 2022, an order dismissing the case was entered,
and in February 2023, the case was formally closed.

21st Century Communities Inc., along with affiliates FCT-MM, LLC,
and 23-12049, filed petitions for relief under Subchapter V of
Chapter 11 of the Bankruptcy Code (Bankr. D. Nev. Case No. 23-12047
to 23-12049) on May 19, 2023.  In the petition filed by Barry
Coehn, as president, 21st Century reported total assets of
$3,608,738 and total liabilities of $1,448,631.

The Subchapter V trustee:

       Brian Shapiro
       510 S. 8th Street
       Las Vegas, NV 89101
       Phone: (702) 386-8600
       Email: brian@trusteeshapiro.com

The Debtors are represented by:

       Matthew L. Johnson, Esq.
       JOHNSON & GUBLER, P.C.
       7065 W. ANN RD, STE 130-683
       LAS VEGAS, NV 89130


AEQUOR MGT: Taps Houthoff Cooperatief as Special Counsel
--------------------------------------------------------
Aequor Mgt, LLC and Aequor Holdings, LLC seek approval from the
U.S. Bankruptcy Court for the Eastern District of Texas to employ
Houthoff Cooperatief U.A. as special counsel.

The Debtor requires legal advice on issues involving Proterra M&M
MGCA Cooperatief U.A., a Dutch company that indirectly owns an
interest in a Canadian mine. That interest has been the subject of
certain litigation pending or threatened in the Netherlands.

Houthoff will charge these hourly fees:

     Jan Willem de Groot, Partner   EUR625 per hour
     Freeke Heijne, Counsel         EUR525 per hour
     Jorn Klaassens, Associate      EUR400 per hour

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

The firm can be reached at:

     Jan Willem de Groot
     Houthoff Cooperatief U.A.
     Gustav Mahlerplein 50
     1082 MA Amsterdam
     The Netherlands
     Tel: +31 (0)20 605 60 00

                      About Aequor Mgt

Aequor Mgt, LLC -- https://BurroSand.com/ -- claims to be the
lowest cost producer of 100 Mesh frac sand in the Permian Basin
serving oil and gas producers. The company is based in Tyler,
Texas.

Aequor Mgt and Aequor Holdings, LLC filed petitions for relief
under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Texas Lead
Case No. 23-60010) on Jan. 5, 2023. At the time of the filing,
Aequor Mgt reported $1 million to $10 million in assets and $50
million to $100 million in liabilities while Aequor Holdings
reported $10 million to $50 million in both assets and
liabilities.

Judge Joshua P. Searcy oversees the cases.

The Debtors tapped Davor Rukavina, Esq., at Munsch Hardt Kopf &
Harr, P.C. as bankruptcy counsel and Houthoff Cooperatief U.A. as
special counsel.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
Porter Hedges, LLP and Dundon Advisers, LLC serve as the
committee's legal counsel and financial advisor, respectively.


AIDC INTERMEDIATE: Hancock Park Marks $1.8M Loan at 74% Off
-----------------------------------------------------------
Hancock Park Corporate Income, Inc has marked its $1,861,925 loan
extended to AIDC IntermediateCo 2, LLC to market at $485,701 or 26%
of the outstanding amount, as of March 31, 2023, according to a
disclosure contained in Hancock Park's Form 10-Q for the Quarterly
Period ended March 31, 2023, filed with the Securities and Exchange
Commission.

Hancock Park is a participant in a Senior Secured Loan to AIDC
IntermediateCo 2, LLC. The loan accrues interest at a rate of
10.44% (SOFR + 6.25%) per annum. The loan matures on July 22,
2027.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

AIDC IntermediateCo 2, LLC provides Computer Systems Design
Services.



ALLEN MEDIA: Hancock Park Marks $1.2M Loan at 18% Off
-----------------------------------------------------
Hancock Park Corporate Income, Inc has marked its $1,243,605 loan
extended to Allen Media LLC to market at $1,024,034 or 82% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Hancock Park's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Hancock Park is a participant in a Senior Secured Loan to Allen
Media LLC. The loan accrues interest at a rate of 10.23% (SOFR +
5.50%) per annum. The loan matures on February 10, 2027.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Allen Media LLC operates as a media company. The Company
specializes in video production, photography, senior pictures,
business portraits, graphic design work, photo editing, and
screenplay analysis services.  



ANSIRA INC: Audax Credit Marks $2.2M Loan at 62% Off
----------------------------------------------------
Audax Credit BDC Inc has marked its $2,266,689 loan extended to
Ansira, Inc. to market at $861,342 or 38% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in Audax Credit's Form 10-Q for the Quarterly Period ended March
31, 2023, filed with the Securities and Exchange Commission.

Audax Credit is a participant in a Uni-tranche Legacy Term Loan to
Ansira. The loan accrues interest at a rate of 6.50% per annum. The
loan matures on December 20, 2024.

Audax Credit BDC Inc. is a Delaware corporation that was formed on
January 29, 2015. The Company is an externally managed, closed-end,
non-diversified management Investment Company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, effective with the
Company's taxable year ended December 31, 2015, the Company has
elected to be treated for federal income tax purposes and intends
to comply with the requirements to qualify annually, as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Ansira is a Marketing Services and Technology Platforms Company.



ASSET REALTY: Unsecureds Will Get 20% via Quarterly Payments
------------------------------------------------------------
Asset Realty, LLC filed with the U.S. Bankruptcy Court for the
Western District of Washington a Plan of Reorganization dated May
23, 2023.

The Debtor is a real estate brokerage located in Kirkland,
Washington and is a franchisee of Century 21 Real Estate, LLC, a
national real estate brokerage firm. The Debtor was formed in 2006
by Chad Storey.

In 2020 the Debtor sued eXp, alleging misappropriation of trade
secrets and tortious interference with contracts and business
expectancies. The action is pending in King County Superior Court,
case no. 20-2-14385-5 SEA. Trial is scheduled for October 2023. The
parties have also scheduled a mediation for June 2023. The Debtor
valued this claim in its bankruptcy schedules at $10 million and
believes the evidence of damages which could be demonstrated at
trial is substantially higher. eXp is vigorously defending the case
and the outcome is not assured.

In the year before this case was filed, the Debtor consolidated all
of its operations in the Kirkland office, closing branch offices in
multiple cities around the Northwest. The office closings created
significant expense at the time, but the overhead savings will
enable the Debtor to operate more efficiently. In the year prior to
the Chapter 11 filing, Mr. Storey loaned the Debtor approximately
$360,000 to keep it afloat. Between 2020 and 2022 the Debtor paid
more than $350,000 in legal fees in connection with its litigation
with Wilson/Cooley and eXp.

The Debtor has seen substantial improvement in its financial
position. The Debtor has signed up more agents (currently 47) and
has generated a profit each month postpetition. The Debtor projects
it will steadily but modestly increase revenue and profitability in
the next five years. Past results do not guarantee future
performance; however, the Debtor is optimistic that given Storey's
experience, history operating the Debtor and drive, the Debtor can
be expected to continue generating substantial net income.

The Debtor's financial projections show the Debtor will have
projected disposable income of $1,072,589. The Debtor anticipates
that based on current circumstances and foreseeable changes, its
net income from operations will increase steadily in the next 60
months.

The Debtor will contribute to the Plan: (1) all net proceeds of its
recovery in the eXp lawsuit and its claims against former agents
after payment of attorney compensation and expense reimbursement
allowed by the Court; (2) if the Debtor pursues a claim against
General Star, all net proceeds on that claim after payment of
allowed attorneys fees and costs (collectively, the "Litigation
Recovery"); (3) all net proceeds of its recovery from claims
against Miller and Gardulski; and, (4) all net proceeds of recovery
from its claim against Wilson and Cooley.

The Litigation Recovery shall be paid first to allowed
administrative expenses, then to allowed priority claims, and then
to allowed general unsecured claims. In the event the Litigation
Recovery pays allowed creditors their Plan distribution in full,
the Debtor may cease monthly Plan payments into the Distribution
Account. The final Plan payment is expected to be paid on or before
January 31, 2028.

This Plan of Reorganization proposes to pay creditors from the
Debtor's future operations and the Litigation Recovery $7500
monthly for 60 months.

Class 3 consists of all non-priority unsecured claims allowed under
§502 of the Code. Filed or scheduled undisputed claims approximate
$993,000, including a claim by Storey for $412,000 for funds loaned
to the Debtor. Disputed claims are approximately $328 million,
including the Kovanen claim. Allowed claims in this class will
receive quarterly pro rata payments in an amount equal to 20% of
their allowed claim from the payments to be made by the Reorganized
Debtor commencing the first quarter after payment in full of the
Class 1 claim. This Class is impaired.

The Reorganized Debtor will make all payments under the Plan from a
Chapter 11 Plan Disbursement Account it will establish at Banner
Bank. Within 7 days after the Effective Date, the Reorganized
Debtor shall make the first deposit of $5000 into the Plan
Disbursement Account and commence distributions under the plan. The
Reorganized Debtor shall make additional monthly deposits into the
Plan Disbursement Account on the 15th day of each successive month
through the 60th month after the Effective Date. The Reorganized
Debtor will be managed by Chad Storey, its sole member.

A full-text copy of the Subchapter V Plan dated May 23, 2023 is
available at https://urlcurt.com/u?l=rxNK2P from PacerMonitor.com
at no charge.

Attorney for Debtor:

     James E. Dickmeyer, Esq.
     Law Office of James E. Dickmeyer, P.C.
     520 Kirkland Way Suite 400
     Kirkland, WA 98083-2623
     Tel: (425) 889-2324
     Email: jim@jdlaw.net

                       About Asset Realty

Asset Realty, LLC is a real estate brokerage located in Kirkland,
Washington and is a franchisee of Century 21 Real Estate, LLC, a
national real estate brokerage firm. The Debtor sought protection
for relief under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Wash. Case No. 23-10326) on Feb. 22, 2023, with as much as $1
million in both assets and liabilities. Judge Marc Barreca oversees
the case.

James E. Dickmeyer, Esq., at the Law Office of James E. Dickmeyer,
P.C. is the Debtor's bankruptcy counsel. Western Washington Law
Group, PLLC, Kerry & Forrester, PLLC and Arnold and Jacobowitz,
PLLC serve as the Debtor's special counsels.


ASTRO ONE: Hancock Park Marks $1M Loan at 49% Off
-------------------------------------------------
Hancock Park Corporate Income, Inc. has marked its $1,000,000 loan
extended to Astro One Acquisition Corporation to market at $513,190
or 51% of the outstanding amount, as of March 31, 2023, according
to a disclosure contained in Hancock Park's Form 10-Q for the
Quarterly Period ended March 31, 2023, filed with the Securities
and Exchange Commission.

Hancock Park marked the $1,000,000 loan to market at $748,798 or
75% of the outstanding amount, as of December 31, 2022.

Hancock Park is a participant in a Senior Secured Loan to Astro One
Acquisition Corporation. The loan accrues interest at a rate of
13.66% (L + 8.50%) per annum. The loan matures on September 14,
2029.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Founded in 2021 and based in the US, Astro One Acquisition
Corporation is a merged entity of Petmate and Brody. Both companies
engage in the production and distribution of pet products such as
cat waste management products, toys, kennels, shelters, chews, and
feeding and watering products.


ASURION LLC: Hancock Park Marks $2M Loan at 16% Off
---------------------------------------------------
Hancock Park Corporate Income, Inc has marked its $2,000,000 loan
extended to Asurion, LLC to market at $1,673,500 or 84% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Hancock Park's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Hancock Park marked the $2,000,000 loan to market at $1,571,660 or
79% of the outstanding amount, as of December 31, 2022.

Hancock Park is a participant in a Senior Secured Loan to Asurion,
LLC. The loan accrues interest at a rate of 10.09% (L + 5.25%) per
annum. The loan matures on January 31, 2028.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Asurion, LLC is a privately held company based in Nashville,
Tennessee, that provides insurance for smartphones, tablets,
consumer electronics, appliances, satellite receivers and jewelry.



ATHENEX INC: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of Athenex,
Inc. and its affiliates.
  
The committee members are:

     1. Ingenus Pharmaceuticals, LLC
        Matthew J. Baumgartner, CFO
        4901 Vineland Road, Suite 260
        Orlando, FL 32811
        Tel: (407) 354-5365 x102
        Cell: (216) 407-4756
        Email: mbaumgartner@ingenus.com

        Counsel:
        Dan DeMarco, Esq.
        Hahn Loeser Parks LLP
        200 Public Square, Suite 2800
        Cleveland, OH 44114
        Tel: (216) 274-2432
        Fax: (216) 274-2532
        Email: dademarco@hahnlaw.com

     2. GenScript Probio USA, Inc.
        Charlene Li, Director
        860 Centennial Avenue
        Piscataway, NJ 08854
        Tel: (732) 885-9188 x631
        Fax: (414) 581-3869
        Email: Charlene.Li@genscript.com

        Counsel:
        David H. Stein, Esq.
        Wilentz, Goldman & Spitzer, P.A.
        90 Woodbridge Center Drive,
        Suite 900, Box 10
        Woodbridge, NJ 07095
        Tel: (732) 855-6126
        Fax: (732) 726-6570
        Email: dstein@wilentz.com

     3. Istituto Biochimico Italiano
        Giovanni Lorenzini S.p.A.
        Nicolo Blundo
        Via Fossignano 2, 04010 Aprilia (Latina)
        Tel: +39 347 7008474
        Email: nblundo@ibi-lorenzini.com

        Counsel:
        Abe Hsuan, Esq.
        Irwin & Hsuan LLP
        45 West 54th Street
        New York, NY 10019-5404
        Tel: (212) 595-4650
        Email: abh@irwinhsuan.com

     4. Praxgen Pharmaceuticals LLC
        Jasmine Liu, General Manager
        9 Deer Park Drive, Suite J10
        Monmouth Junction, NJ 08852
        Tel: (609) 606-1032
        Fax: (609) 455-1509
        Email: Jasmine.liu@praxgen.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors 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 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.


ATKORE INC: Fitch Affirms LongTerm IDR at 'BB+', Outlook Stable
---------------------------------------------------------------
Fitch Ratings has affirmed Atkore Inc and Atkore International
Inc's Long-Term Issuer Default Ratings (IDR) at 'BB+'. The Rating
Outlook is Stable. In addition, Fitch has affirmed Atkore Inc's
$400 million senior unsecured notes at 'BB+'/'R4', Atkore
International's $400 million secured term loan B at 'BBB-'/'RR2'
and Atkore International's $325 million ABL revolver at
'BBB-'/'RR1'.

The affirmation reflects Atkore's continued strong operating
performance, with double-digit FCF margins and EBITDA leverage that
Fitch expects will remain below 2.0x over the forecast horizon.
Atkore's scale and credit metrics are strong for its rating level
and compared to other 'BBB-' rated peers.

However, the current ratings also consider the cyclicality of the
business, the likely earnings normalization once market conditions
settle, and the possibility of a large, debt-funded acquisition.
Fitch may consider a positive rating action when there is further
clarity on the level of normalized, sustainable earnings and
management's capital allocation priorities.

KEY RATING DRIVERS

Extended Upcycle: Over the past few years, Atkore has benefitted
from strong market conditions in PVC electrical conduit, which led
to a surge in revenues and margins. Fitch expects market conditions
to normalize at some point, and for EBITDA to come down from a peak
of $1.3 billion in FY22 and stabilize at ~$900 million per year.
This is significantly higher than the low-$300 million level seen
in FY19-FY20, which reflects recent M&A and certain pricing
improvements that management views as sustainable. Strong cash flow
generation will allow Atkore to continue to improve its balance
sheet and make strategic acquisitions to grow its business.

Strong FCF, Low Leverage: Atkore current credit metrics are strong
for its rating level. The company has consistently generated
positive FCF, which has recently improved further, with a FCF
margin in the mid-teens. Fitch expects the company to generate $500
million-$600 million in FCF per year in FY23-FY25. Due to improved
EBITDA and strong FCF, EBITDA leverage is currently below 1.0x.
Fitch expects EBITDA leverage to rise in the coming few years as
earnings normalize, but remain below 2.0x.

Room for M&A: M&A is a core part of Atkore's strategy. The company
has deployed more than $600 million since 2017 on acquisitions to
grow its business and cement its leading market position. The
acquisitions so far have been financed mainly using
internally-generated cash flow; however, the company may also
consider a larger, debt-funded acquisition at some point. Based on
Fitch's current earnings projections, Fitch estimates that Atkore
can spend up to $1 billion on debt-funded acquisitions while
maintaining EBITDA leverage below the current negative rating
trigger of 2.5x.

Leading Market Positions: Atkore's leading market position is
supported by a broad offering within its categories, high product
quality and timely deliveries. This helps Atkore compete in a
market characterized by low technology and commoditized products,
primarily conduit tubing and framing for electrical work.
Competition is meaningful given the relatively substitutable nature
of the company's products and a wide range of national and smaller
regional competitors.

Cyclical Market, Commodity Exposure: Atkore's end markets are
somewhat cyclical, with the U.S. non-residential new construction
accounting for 30%-40% of revenues. This is balanced against some
structural growth drivers, as Atkore's products are used in
electrification of buildings and growth in digital infrastructure.
Profitability is also exposed to the price fluctuations of
commodities such as PVC resin, copper and steel; however, the
company has shown the ability to quickly pass through higher input
costs in its prices. In periods of high material inflation, the
company may experience a lag in its ability to recoup pricing.

DERIVATION SUMMARY

Atkore is a diversified manufacturer of electrical and tubular
products serving mainly the non-residential construction market in
the U.S. Atkore's competition ranges from small, regional
manufacturers to large global industrial companies and electrical
equipment manufacturers. Other Fitch-rated electrical product
companies such as nVent Electric plc (BBB/Stable) and Hubbell Inc.
(A-/Stable) maintain more diversified portfolios with products
possessing a higher degree of technology. Atkore's rating is
affected by its significant exposure to the cyclical
non-residential construction market, partially offset by
diversification across subsectors within the industry.

Atkore's and its subsidiary's (Atkore International's) IDRs are
assessed on a consolidated basis, using the strong subsidiary/weak
parent approach and open access and control factors. The assessment
is based on the parent and subsidiaries operating as a single
enterprise with strong legal and operational ties.

The ABL revolver and secured term loan are rated one-notch above
Atkore's IDR in accordance with Fitch's "Corporates Recovery
Ratings and Instrument Ratings Criteria". The secured term loan has
a recovery rating of 'RR2' as it is junior to the ABL facility.

KEY ASSUMPTIONS

- Organic revenues decline by mid-single-digit percentages in FY23
and FY24;

- Organic EBITDA margin gradually declines from less than 30% in
FY21-FY23 to mid-twenties;

- Annual share repurchases of around $400 million;

- M&A spend of $150 million-$200 million per year, with a potential
larger acquisition of ~$800 million in FY24;

- Interest rate: Atkore's unsecured notes are fixed rate, while the
ABL revolver and term loan are based on SOFR. The rating case
assumes that interest rates remain stable from current levels,
which translates to an effective interest rate of 5%-6% over the
forecast horizon.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

- Commitment to a financial policy that leads to EBITDA leverage
sustained below 2.0x, along with a debt structure consisting mostly
of unsecured debt;

- Evidence that the recent strength is driven by sustainable
competitive advantages and not just favorable market conditions.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

- EBITDA Leverage sustained above 2.5x;

- A sustained decline in sales and/or market share;

- Inability to pass through higher input costs.

LIQUIDITY AND DEBT STRUCTURE

Strong Liquidity: As of March 31, 2023, Atkore had total liquidity
of $677 million, which includes cash and cash equivalents of 354
million and $322 million in availability under its ABL revolver.
The company does not have any debt maturities until 2026.

Capital Structure: As of March 31, 2023, Atkore had $762 million in
debt outstanding. This consists of a $400 million, 4.25% senior
unsecured bond due June 2031 and $372 million under its senior
secured term loan facility due May 2028. The company did not have
any borrowings outstanding on its $325 million ABL revolver, which
had $322 million of availability.

ISSUER PROFILE

Atkore Inc. (NYSE: ATKR) is a manufacturer of electrical products
primarily for the non-residential, renovation, construction and
industrial markets.

ESG CONSIDERATIONS

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

   Entity/Debt              Rating         Recovery   Prior
   -----------              ------         --------   -----
Atkore
International, Inc.   LT IDR BB+  Affirmed              BB+

   senior secured     LT     BBB- Affirmed    RR1      BBB-

   senior secured     LT     BBB- Affirmed    RR2      BBB-

Atkore Inc.           LT IDR BB+  Affirmed              BB+

   senior
   unsecured          LT     BB+  Affirmed    RR4       BB+


AUTO EUROPE: Audax Credit Marks $1.1M Loan at 20% Off
-----------------------------------------------------
Audax Credit BDC Inc has marked its $1,119,231 loan extended to
Auto Europe to market at $895,385 or 80% of the outstanding amount,
as of March 31, 2023, according to a disclosure contained in Audax
Credit's Form 10-Q for the Quarterly Period ended March 31, 2023,
filed with the Securities and Exchange Commission.

Audax Credit is a participant in a Senior Secured Initial Dollar
Term Loan to Auto Europe. The loan accrues interest at a rate of
9.91% (SOFR + 5%) per annum. The loan matures on October 21, 2023.

Audax Credit BDC Inc. is a Delaware corporation that was formed on
January 29, 2015. The Company is an externally managed, closed-end,
non-diversified management Investment Company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, effective with the
Company's taxable year ended December 31, 2015, the Company has
elected to be treated for federal income tax purposes and intends
to comply with the requirements to qualify annually, as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Headquartered in Portland, Maine, Auto Europe is a car rental
wholesale company, working with car rental locations in 180
countries in Europe, Asia, Africa, Australia, New Zealand, as well
as North and South America.


BARE ARMS: Seeks to Hire Dennery PLLC as Bankruptcy Counsel
-----------------------------------------------------------
Bare Arms Limited Liability Company seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Kentucky to employ
Dennery, PLLC as its bankruptcy counsel.

The firm will render these services:

     (a) advise the Debtor with respect to its rights, powers, and
duties;

     (b) advise and assist the Debtor to prepare its petition,
schedules, and statements of financial affairs;

     (c) assist and advise the Debtor in connection with the
administration of its Chapter 11 case;

     (d) analyze the claims of creditors and negotiate with such
creditors;

     (e) investigate the acts, conduct, assets, rights, liabilities
and financial condition of the Debtor and its business;

     (f) advise and negotiate with respect to the sale of any or
all assets of the Debtor;

     (g) investigate, file, and prosecute litigation on behalf of
the Debtor;

     (h) propose a plan of reorganization;

     (i) appear and represent the Debtor at hearings, conferences,
and other proceedings;

     (j) prepare or review motions, applications, orders, and other
legal documents filed with the court;

     (k) institute or continue any appropriate proceedings to avoid
pre-bankruptcy transfers or recover assets of the estate; and

     (l) perform other necessary legal services.

The hourly rates for the firm's services are as follows:

    Attorneys                      $300
    Legal Research                 $150
    Paralegal/Administrative Staff $100

In addition, the firm will be reimbursed for expenses incurred.

The firm was paid $13,313.78 in fees and expenses prior to the
petition date.

J. Christian Dennery, Esq., an attorney at Dennery, disclosed in a
court filing that his firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:
     
     J. Christian A. Dennery, Esq.
     Dennery, PLLC
     7310 Turfway Rd., Suite 550
     Florence, KY 41042
     Telephone: (859) 445-5495
     Facsimile: (859) 286-6726
     Email: jcdennery@dennerypllc.com

                  About Bare Arms Limited Liability

Bare Arms Limited Liability Company filed a petition under Chapter
11, Subchapter V of the Bankruptcy Code (Bankr. E.D. Ky. Case No.
23-10085) on May 15, 2023, with $1 million to $10 million in both
assets and liabilities. Elizabeth Z. Woodward has been appointed as
Subchapter V trustee.

J. Christian A. Dennery, Esq., at Dennery, PLLC serves as the
Debtor's legal counsel.


BASS MANAGEMENT: Taps Janus Hotel Management Services as Manager
----------------------------------------------------------------
Bass Management Group, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ Janus Hotel
Management Services, LLC to manage the operations of its hotel.

The Debtor operates a 135-room Holiday Inn Express hotel located at
2580 Gulf to Bay Blvd., Clearwater, Fla.

Janus will be compensated on a monthly basis in an amount equal to
the greater of 3 percent of the hotel's gross revenues or $4,500,
plus a $1,500 accounting fee.

Matt Schoonover, regional director of operations at Janus Hotel
Management Services, 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:
   
     Matt Schoonover
     Janus Hotel Management Services, LLC
     2300 Corporate Boulevard NW, Ste. 232
     Boca Raton, FL 33431
     Telephone: (303) 589-0707

                    About Bass Management Group

Bass Management Group, LLC, a company in Clearwater, Fla., sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
M.D. Fla. Case No. 23-01866) on May 8, 2023, with $30,840,000 in
total assets and $11,225,558 in total liabilities. Judge Catherine
Peek McEwen oversees the case.

Buddy D. Ford, PA serves as the Debtor's bankruptcy counsel.


BHD SLT: David Sousa Named Subchapter V Trustee
-----------------------------------------------
The U.S. Trustee for Region 17 appointed David Sousa as Subchapter
V trustee for BHD SLT, LLC.

Mr. Sousa will be paid an hourly fee of $415 for his services as
Subchapter V trustee and will be reimbursed for work related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     David Sousa
     P.O. Box 3167
     Visalia, CA 93278-3167
     Phone: (559) 242-2065
     Email: Dave@fresnotrustee.com

                           About BHD SLT

BHD SLT, LLC filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D. Calif. Case No. 23-21573) on May 15,
2023, with as much as $50,000 in both assets and liabilities. Judge
Fredrick E. Clement oversees the case.

Stephen M. Reynolds, Esq., at Reynolds Law Corporation is the
Debtor's bankruptcy counsel.


CANOVA ELECTRICAL: Seeks Cash Collateral Access
-----------------------------------------------
Canova Electrical Contracting, Inc. asks the U.S. Bankruptcy Court
for the Western District of Pennsylvania for authority to use cash
collateral to continue operations.

There are two active recorded UCC Financing Statements with respect
to the Debtor's assets:

     a) File Number 2005042500026 filed on April 21. 2005 by Dollar
Bank, Federal Savings Bank. Multiple UCC Continuation Statements
were filed with respect to this UCC filing with the most recent
being File Number 2020041501599 filed on April 15, 2020.

     b) File Number 2020091900074 filed on September 19, 2020 by
the U.S. Small Business Administration.

The SBA's UCC filing attempts to put a blanket lien on all of the
Debtor's assets. The Debtor is unaware of any current obligation to
the SBA but believes the UCC may have been filed in connection with
pandemic relief obtained during the COVID-19 pandemic, which, the
Debtor believes, has since been forgiven or satisfied.

The Debtor expects that as a result of the Chapter 11 filing it can
operate profitably and generate value to estate creditors.

The Debtor is currently preparing an interim cash collateral
budget, which can be filed upon request of the Court or any
interested party. The Debtor intends for this interim budget to be
prepared by or before the interim hearing on cash collateral before
the Court.

A copy of the motion is available at https://urlcurt.com/u?l=zhINQR
from PacerMonitor.com.

             About Canova Electrical Contracting, Inc.

Canova Electrical Contracting, Inc. sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 23-21149)
on May 26, 2023. In the petition signed by James J. Canova,
president, the Debtor disclosed up to $10 million in assets and up
to $1 million in liabilities.

Christopher M. Frye, Esq., at Steidl & Steinberg, P.C., represents
the Debtor as legal counsel.



CEN TEX SUPERIOR: Seeks Approval to Employ Stephanie's Accounting
-----------------------------------------------------------------
Cen Tex Superior Installation, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Stephanie's Accounting, PLLC.

The Debtor requires an accountant to prepare any necessary federal
and state income, payroll, sales, franchise, and excise tax
returns.

Stephanie's Accounting charges an hourly fee of $175 for work
performed by a principal CPA. The fixed minimum fee is $850 for
business tax returns.

Stephanie Roberts, a partner at Stephanie's Accounting, disclosed
in a court filing that the firm is a "disinterested person"
pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Stephanie M. Roberts
     Stephanie's Accounting PLLC
     14745 W State Hwy 29, Suite D
     Liberty Hill, TX 78642
     Tel: (512) 415-0765
     Fax: (512) 548-7633
     Email: info@stephaniesaccounting.us

                About Cen Tex Superior Installation

Cen Tex Superior Installation LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. W.D. Texas Case No.
23-10106) on Feb. 27, 2023, with up to $500,000 in both assets and
liabilities. Bronson Kendall, managing member, signed the
petition.

Judge Shad Robinson oversees the case.

The Debtor tapped the Lane Law Firm, PLLC as bankruptcy counsel and
Stephanie's Accounting, PLLC as accountant.


CENTRALIA APARTMENTS: Files Bare-Bones Chapter 11 Petition
----------------------------------------------------------
Centralia Apartments filed for chapter 11 protection in the
District of Central California without stating a reason.  The
Debtor elected on its voluntary petition to proceed under
Subchapter V of chapter 11 of the Bankruptcy Code.

According to court filings, Centralia Apartments estimates $1
million to $10 million in debt to 1 to 49 creditors.  The petition
states that funds will be available to unsecured creditors.

Judge Barry Russell has ordered an initial status conference to be
held on Aug. 8, 2023.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
June 26, 2023, at 9:00 AM at UST-LA2, TELEPHONIC MEETING.
CONFERENCE LINE:1-866-816-0394, PARTICIPANT CODE:5282999.

                   About Centralia Apartments

Centralia Apartments is a Single Asset Real Estate as defined in 11
U.S.C. Section 101(51B).

Centralia Apartments filed a petition for relief under Subchapter V
of Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
23-13132) on May 20, 2023. In the petition filed by Dennis G.
Gesolowitz, as in-house counsel., the Debtor reported assets and
liabilities between $1 million and $10 million.

The case is overseen by Honorable Bankruptcy Judge Barry Russell.

The Debtor is rRepresented by:

     D Edward Hays, Esq.
     Marshack Hays LLP
     1314 Wilshire Blvd.
     Los Angeles, CA 90715
     Tel: (949) 333-7777
     Fax: (949) 333-7778
     Email: ehays@marshackhays.com


CINEWORLD GROUP: Possible Bankruptcy Plan Approval Extended
-----------------------------------------------------------
Amelia Pollard of Bloomberg Law reports that Cineworld Group Plc
received court approval on Wednesday, May 24, 2023, to push back
the date for a hearing for potential bankruptcy plan approval, so
that it can first settle a months-long dispute over a key
advertising contract.

The movie theater chain has about two additional weeks until its
bankruptcy plan confirmation hearing, which is now scheduled for
June 28, 2023, court papers show.

Deadlines for the company to file its plan supplement and voting
report were also both extended, after US Bankruptcy Judge Marvin
Isgur granted Cineworld's motion.

                       About Cineworld Group

London-based Cineworld Group PLC was founded in 1995 and is the
world's second-largest cinema chain. Cineworld operates 751 sites
with 9,000 screens in 10 countries, including the Cineworld and
Picturehouse screens in the UK and Ireland, Yes Planet in Israel,
and Regal Cinemas in the United States.

According to The Guardian, the Griedinger family, including Mooky's
brother and deputy chief executive, Israel, have struggled to
maintain control of the ailing business but have been forced to
reduce their stake from 28% in recent years. Cineworld's top five
investors include the Chinese Jangho Group at 13.8%, Polaris
Capital Management (7.82%), Aberdeen Standard Investments (4.98%)
and Aviva Investors (4.88%).

The London-listed Cineworld, which has run up debt of more than
$4.8 billion after losses soared during the pandemic, is pinning
its hopes on a meatier slate of movies in 2022 to bounce back from
a two-year lull.

Cineworld Group plc and 104 affiliates sought Chapter 11 protection
(Bankr. S.D. Texas Lead Case No. 22-90168) on Sept. 7, 2022,
estimating more than $1 billion in assets and debt. Judge Marvin
Isgur oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP and Jackson Walker, LLP as
bankruptcy counsels; PJT Partners, LP as investment banker;
AlixPartners, LLP as restructuring advisor; and Ernst & Young, LLP
as tax services provider. Kroll Restructuring Administration, LLC
is the claims agent.

The U.S. Trustee for Region 7 appointed an official committee of
unsecured creditors in the Debtors' Chapter 11 cases on Sept. 23,
2022. The committee tapped Weil, Gotshal & Manges, LLP and
Pachulski Stang Ziehl & Jones, LLP as legal counsels; FTI
Consulting, Inc., as financial advisor; and Perella Weinberg
Partners, LP as investment banker.


COOK & BOARDMAN: S&P affirms 'B-' ICR, Affirms Stable Outlook
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating and
issue-level rating on Cook & Boardman's $367 million term loan due
October 2025. The recovery rating remains '3'. At the same time,
S&P revised its liquidity assessment to adequate from less than
adequate.

The stable outlook reflects S&P's expectation that the company's
debt leverage will remain 5.5x-6.0x absent acquisitions, supported
by a strong backlog and good visibility over the next 12 months.

S&P said, "We expect debt leverage of 5.5x-6.0x in 2023. This
compares with 6x in 2022 and 9x in 2021, which is an improvement
from our prior expectations of 7x-8x. The leverage improvement in
2022 was due to contributions from acquisitions ($62 million and
$26 million in acquisitions completed in 2021 and 2022,
respectively), as well as good demand in some of its end markets,
such as education and health care, which offset some weakness in
new commercial construction markets. In 2023, we expect the company
to continue to benefit from its strong backlog and good visibility,
as well as price increases that will help offset inflation. We have
not incorporated any acquisitions in our forecast given the
company's limited access to debt markets. However, we expect Cook &
Boardman to pursue debt-financed acquisitions once the opportunity
arises."

Cook & Boardman's upcoming debt maturities are a risk over the next
12-24 months. Increased working capital investments from higher
costs depressed the company's free cash generation and liquidity in
2022. This, along with acquisitions, resulted in larger asset-based
lending (ABL) borrowings ($56.5 million drawn as of March 31,
2023). S&P said, "We expect the company's cash flow generation to
improve in 2023 as it works through its backlog and inventory
management improves. However, we believe some refinancing risk
exists because the company's entire capital structure is due in
2025." Its $367 million term loan B matures October 2025, while
it's $85 million ABL revolving credit facility matures in July
2025.

S&P said, "Our assessment of Cook & Boardman's competitive position
reflects its leading market position, small but growing scale,
narrow product focus, and average margins. Cook & Boardman is
significantly larger than its nearest competitor but only has
roughly 5% share of the commercial door and door hardware space,
which reflects the highly fragmented nature of the industry. The
company continues to grow through acquisitions and increased its
revenue base to close to $900 million in 2022 from $621 million in
2021 and $382 million in 2018. However, the company is still small
compared with our rated universe of building materials companies,
and its product focus is also limited to the commercial door
distribution and solutions markets. Cook & Boardman derives its
revenues from repair and remodel (55%) and new construction (45%)
end markets, which each have their own drivers of market activity,
providing some end-market diversity and stability. The company has
a diverse customer base, with customers including corporate
entities, schools, hospitals, and correctional institutions, and no
customer represents more than 2% of sales. Cook & Boardman's EBITDA
margins have improved and are trending toward the higher end of the
range for a building materials distributor, with margins of about
9% given its highly variable cost structure and 70% of costs
considered variable. The company's scale and expertise also
position it as a link between a consolidated base of suppliers and
a large, highly fragmented customer base in the commercial door and
hardware market.

"The stable outlook reflects our expectation that debt leverage
will remain 5.5x-6.0x absent acquisitions, which is supported by a
strong backlog and good visibility over the next 12 months."

S&P could lower the ratings over the next 12 months if:

-- The company fails to extend its ABL revolving credit facility,
which becomes current in July of 2024;

-- S&P views the capital structure as unsustainable, exhibited by
S&P Global Ratings-adjusted leverage deteriorating such that EBITDA
interest coverage approaches 1x or free cash flow turns negative;
or

-- The company pursues large, debt-funded acquisitions or
dividends that result in leverage increasing above 10x.

S&P could raise the ratings over the next 12 months if it believes
Cook & Boardman can maintain leverage close to current levels, can
sustain debt to EBITDA below 7x in most market conditions, and
refinances its capital structure well in advance of maturity.



COX INDUSTRIAL: Court OKs Final Cash Collateral Access
------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona authorized
Cox Industrial Services, LLC to use cash collateral on a final
basis in accordance with the budget, with a 10% variance.

As previously reported by the Troubled Company Reporter, the Debtor
requires the use of cash collateral to continue operations and
successfully reorganize.

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

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

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

     c. Approximately $150,000 in raw materials.

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

     a. Chase, which holds a claim in the estimated amount of
$840,000 and has filed UCC Financing Statements with the Arizona
Secretary of State on September 18, 2012 at Filing No.
2012-170-7562-5; September 5, 2013 at Filing No. 2013-175-1686-8;
and February 24, 2016 at Filing No. 2016-000-7524-6; and
     b. Arizona Department of Revenue, which holds a claim in the
alleged amount of $131,278 as evidenced by Notices of State Tax
Liens filed with the Arizona Secretary of State on December 8, 2022
at Filing No. 2022-007-2237-9; and February 23, 2023 at Filing No.
2023-001-2229-0.

These creditors may also have purchase-money security interests on
specific equipment and vehicles: Ally; Cat Financial Commercial
Account; Ford Motor Credit Company; Tom & Gloria Bastien/Bastien
family Trust; Toyota Financial Services.

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

The Debtor asserts Chase has approximately $1.7 million of equity
in the Debtor's real property making any diminution in cash
collateral unlikely to have any material impact on Chase. The only
other creditor the Debtor believes may have a cash collateral
interest, ADOR, holds a total claim that is only a fraction of the
Debtor's current outstanding receivables.

The Court said the Cash Collateral Creditors will receive
replacement liens in the Debtor's post-petition cash and
receivables to the same extent, validity, and priority up to the
value of any depreciation in the value of such creditor's security
interest on the Petition Date arising from the Debtor's use of cash
collateral during the pendency of the Case. Notwithstanding the
foregoing, all parties reserve all rights regarding the extent,
validity, and priority of the Cash Collateral Creditors interests
in the Debtor's assets.

A copy of the order is available at https://urlcurt.com/u?l=j2u3u3
PacerMonitor.com.

               About Cox Industrial Services, LLC

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

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

Judge Scott H. Gan oversees the case.

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



DAVID'S BRIDAL: Creditors Committee Says Firm's Survival in Doubt
-----------------------------------------------------------------
Jonathan Randles of Bloomberg Law reports that it's unlikely
David's Bridal LLC will survive bankruptcy as a going concern, a
lawyer representing creditors of the nation's largest bridal
retailer said Wednesday, May 24, 2023.

The company's bankruptcy is "very, very bleak," because of a
variety of challenges, including changing cultural norms and
values, said Bradford Sandler, a lawyer speaking on behalf of a
committee of the retailer's unsecured creditors.

It's possible David's lenders won't be repaid in full, Sandler
said, raising questions about how much junior creditors may
recover. The retailer owes lenders about $257 million, according to
an April court filing.

                       About David's Bridal

David's Bridal, based in Conshohocken, Pa., and its affiliated
entities are international bridal and special occasion retailers.
They sell a broad assortment of bridal gowns, bridesmaid dresses,
special occasion dresses and accessories.  

Then with over 300 stores, David's Bridal, Inc., and its three
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 18-12635) on Nov. 19, 2018.  The Hon. Laurie Selber Silverstein
was the case judge.  Debevoise & Plimpton LLP served as the
Company's legal advisor, Evercore LLC was the financial advisor and
AlixPartners LLP was the restructuring advisor.  In January 2019,
David's Bridal successfully emerged from Chapter 11 bankruptcy and
completed its financial restructuring.

With 294 stores across the United States, Canada, and United
Kingdom, David's Bridal, LLC, f/k/a David's Bridal, Inc., and five
affiliates sought Chapter 11 bankruptcy protection (Bankr. D.N.J.
Case No. 23-13131) on April 16, 2023, listing $100 million to $500
million in both estimated assets and estimated liabilities.  

The Hon. Christine M. Gravelle presides over the Debtors' new
Chapter 11 cases.

Joshua A. Sussberg, P.C., Christopher T. Greco, P.C., Rachael M.
Bentley, Esq., and Alexandra Schwarzman, P.C., at Kirkland & Ellis
LLP; and Michael D. Sirota, Esq., Felice R. Yudkin, Esq., and
Rebecca W. Hollander, Esq., at Cole Schotz P.C., serve as counsel
to the Debtors in the new Chapter 11 cases.  The Debtors' financial
advisor is Berkeley Research Group, LLC; investment banker is
Houlihan Lokey Capital, Inc.; liquidation consultant is Gordon
Brothers Retail Partners, LLC; and claims and noticing agent is
Omni Agent Solutions.


DIAMOND SPORTS: Ch. 11 Row Could Strike Out Local Cable Coverage
----------------------------------------------------------------
Vince Sullivan of Law360 reports that a television contract dispute
between the bankrupt operator of Bally Sports' regional sports
network and Major League Baseball could be the battle that breaks
local sports coverage out of the legacy cable model, experts say,
and it's happening on the unlikeliest of playing fields: a Houston
bankruptcy courtroom.

                    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.  Diamond 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: To Enter Chapter 11 With Prepackaged Plan
----------------------------------------------------------
Diebold Nixdorf, Incorporated (NYSE:DBD) on May 30, 2023, announced
it has entered into a restructuring support agreement with certain
of its key financial stakeholders to effectuate a comprehensive
debt restructuring transaction that is intended to be completed
efficiently and quickly. The restructuring is expected to
significantly reduce debt and leverage levels and provide
substantial additional liquidity to support seamless ongoing
operations and establish a long-term, sustainable capital structure
for the Company. The Company will continue to pay vendors and
suppliers through the expected restructuring process in the
ordinary course of business.

The Company has entered into this agreement with creditors who hold
a significant majority of the Company's outstanding secured term
loan debt and secured notes, including approximately (a) 80.4% of
the Company's superpriority credit facility; (b) approximately 79%
of the Company's first lien term loan; (c) approximately 78% of the
Company's first lien notes; and (d) approximately 58.3% of the
Company's second lien notes.

Octavio Marquez, Diebold Nixdorf chairman, president and chief
executive officer, said: "Our company is focused on continuing our
solid operational performance and delivering best-in-class products
and services to banks and retailers around the world. With the
support of our creditors, we have reached an agreement to
restructure and strengthen our balance sheet, enhance liquidity and
position Diebold Nixdorf for long-term success.

Our strengthened financial position also enables us to better serve
our customers, employees, suppliers and partners. I am excited
about the future of Diebold Nixdorf and all we will accomplish."

                 Prepackaged Chapter 11 Plan

The restructuring support agreement contemplates the effectuation
of a deleveraging transaction through, among other things, (i) a
pre-packaged chapter 11 plan of reorganization to be filed by the
Company and certain of its subsidiaries contemporaneously with the
commencement by the Debtors of voluntary cases under chapter 11 of
title 11 of the U.S. Bankruptcy Code, (ii) a scheme of arrangement
to be filed by Diebold Nixdorf Dutch Holding B.V. -- Dutch Issuer
-- and certain of the Company's subsidiaries contemporaneously with
the commencement by Dutch Issuer of voluntary scheme proceedings
under the Dutch Act on Confirmation of Extrajudicial Plans (Wet
homologatie onderhands akkoord) and (iii) recognition of such
scheme of arrangement pursuant to a case commenced under chapter 15
of the U.S. Bankruptcy Code by the Dutch Issuer.

Under the restructuring support agreement, the Consenting Creditors
have agreed, subject to certain terms and conditions, to support
restructuring transactions that would result in the discharge of a
significant portion of existing funded debt of the Company and
certain of its subsidiaries.  The Company's outstanding common
shares would be cancelled pursuant to the restructuring
transactions, and holders thereof would not receive any recovery.

The restructuring support agreement provides that the Debtors will
seek approval of a $1.25 billion debtor-in-possession term loan
credit facility as part of the chapter 11 cases.  The proceeds of
the DIP Facility will be used to (i) repay in full all obligations
under the Company's superpriority credit facility; (ii) repay in
full (or cash collateralize issued letters of credit) the Company's
asset-based revolving credit ABL facility; (iii) pay costs and
reasonable and documented out-of-pocket fees and expenses related
to the court-supervised restructuring proceedings; and (iv) fund
the working capital needs and expenditures of the Debtors and their
non-debtor affiliates during the pendency of the court supervised
restructuring proceedings.

Holders of the Company's first lien term loan or first lien notes
that wish to become a lender under the DIP Facility and that
execute the restructuring support agreement prior to 11:59 p.m.,
New York City time, on June 2, 2023 will be eligible to receive a
participation premium of their pro rata portion of 10% of the new
common shares of the Company that will be available for
distribution to creditors under the plans.

The restructuring transactions remain subject to certain
conditions, as well as the negotiation of further definitive
agreements. The Company expects the restructuring transactions to
be consummated in the third quarter of 2023.  The terms of the
restructuring support agreement contemplate that the common shares
of the restructured Company will be listed on the New York Stock
Exchange.

                      About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE: DBD) --
http://www.DieboldNixdorf.com/-- automates, digitizes and
transforms the way people bank and shop. As a partner to the
majority of the world's top 100 financial institutions and top 25
global retailers, its integrated solutions connect digital and
physical channels conveniently, securely and efficiently for
millions of consumers each day.  The company has a presence in more
than 100 countries with approximately 21,000 employees worldwide.


DIOCESE OF ROCKVILLE CENTRE: Suit Seeks to Claw Back $250M
----------------------------------------------------------
Clergy sexual abuse victims of Long Island's Roman Catholic Diocese
of Rockville Centre are seeking to claw back $250 million worth of
real estate, cash, and more that they say the diocese transferred
ahead of its bankruptcy to shield the assets.

A complaint was filed on Friday, May 26, 2023 by the creditors'
committee assigned to the diocese's case.  The adversary proceeding
is THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS, Plaintiff, v.
CATHOLIC CEMETERIES OF THE ROMAN CATHOLIC DIOCESE OF ROCKVILLE
CENTRE, INC., in Both Its Individual Capacity and as Trustee for
the Diocese Of Rockville Centre Catholic Cemetery Permanent
Maintenance Trust, Defendants, Adv. Pro. No. 23-01121, In re THE
ROMAN CATHOLIC DIOCESE OF ROCKVILLE CENTRE, NEW YORK (Bankr.
S.D.N.Y. Case No. 20-12345).

According to the complaint, in November 2016, in response to
intensifying efforts to pass legislation to expand the statute of
limitations for childhood sexual abuse claims, and in anticipation
of significant lawsuits that would be filed against the Diocese,
its parishes, and related entities, the Diocese commenced a massive
asset protection scheme to put its assets beyond the reach of the
survivors of childhood sex abuse.  The scheme stripped the Debtor
of its most valuable assets and involved the transfer of over $250
million worth of real property consisting of multiple cemeteries, a
seminary, three high schools, and cash and financial assets to
affiliated entities controlled by the Debtor.

Prior to the transfers at issue, the Diocese held title to all of
the associated real estate and financial assets of its cemeteries,
which it operated through a department of the Diocese referred to
as Catholic Cemeteries of the Diocese of Rockville Centre.  The
Diocese maintained standalone financial statements for the
cemeteries that reflected the assets and liabilities associated
with the cemeteries.  Catholic Cemeteries of the Diocese of
Rockville Centre was not a separate legal entity, but rather was a
part of the Diocese.

This complaint seeks, among other things, to avoid and recover as
fraudulent the Diocese's transfer of (a) the real and personal
properties and business operations of four cemeteries to CemCo, (b)
$40 million cash and investment assets to CemCo, and (c)
approximately $65 million of investment assets to the Cemetery
Trust (collectively, the "Challenged Transfers"). The fair market
value of the transfers, including the revenue-generating operations
of the cemeteries, was over $200 million, but the Diocese only
received, at most, $15,330,000 from CemCo in exchange for the
assets.

The Committee's counsel:

       PACHULSKI STANG ZIEHL & JONES LLP
       James I. Stang, Esq.
       Kenneth H. Brown, Esq.
       Gail S. Greenwood, Esq.
       10100 Santa Monica, Boulevard, 11th Floor
       Los Angeles, California 90067
       Telephone: (310) 277-6910
       Facsimile: (310) 201-0760
       E-mail: jstang@pszjlaw.com
               kbrown@psjzlaw.com
               ggreenwood@pszjlaw.com

              - and -

       Ilan D. Scharf, Esq.
       Karen B. Dine, Esq.
       Brittany M. Michael, Esq.
       780 Third Avenue, 36th Floor
       New York, New York 10017
       Telephone: (212) 561-7700
       Facsimile: (212) 561-7777
       E-mail: ischarf@pszjlaw.com
               kdine@pszjlaw.com
               bmichael@pszjlaw.com

               About The Roman Catholic Diocese
                 of Rockville Centre, New York

The Roman Catholic Diocese of Rockville Centre, New York, is the
seat of the Roman Catholic Church on Long Island.  The Diocese has
been under the leadership of Bishop John O. Barres since February
2017. The State of New York established the Diocese as a religious
corporation in 1958. The Diocese is one of eight Catholic dioceses
in New York, including the Archdiocese of New York.  The Diocese's
total Catholic population is approximately 1.4 million, roughly
half of Long Island's total population of 3.0 million.  The Diocese
is the eighth largest diocese in the United States when measured by
the number of baptized Catholics.

To deal with sexual abuse claims, the Roman Catholic Diocese of
Rockville Centre, New York, filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 20-12345) on Sept. 30, 2020, listing as much as
$500 million in both assets and liabilities.  Judge Martin Glenn
oversees the case.

The Diocese tapped Jones Day as legal counsel, Alvarez & Marsal
North America, LLC, as restructuring advisor, and Sitrick and
Company, Inc., as communications consultant. Epiq Corporate
Restructuring, LLC is the claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Diocese's Chapter 11 case.  The
committee tapped Pachulski Stang Ziehl & Jones, LLP and Ruskin
Moscou Faltischek, PC as its bankruptcy counsel and special real
estate counsel, respectively.

Robert E. Gerber, the legal representative for future claimants of
the Diocese, is represented by the law firm of Joseph Hage
Aaronson, LLC.


E-B DISPLAY: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Chapter 11 cases
of E-B Display Company, Inc. and its affiliates.
  
The committee members are:

     1. Matheson Tri-Gas, Inc.
        c/o Christopher Geiser
        42808 Christy Street, #117
        Freemont, CA 94538
        Phone: (330) 590-3072

     2. Beaver Steel Services
        c/o Tony Treser
        1200 Arch Street
        Carnegie, PA 15106
        Phone: (412) 429-8860

     3. Hawthorne Wire Services
        c/o Joseph Mcauliffe
        13000 Athens Ave, Dock #4
        Lakewood, OH 44107
        Phone: (216) 225-6863
  
Official creditors' committees serve as fiduciaries to the general
population of creditors 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 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.


ELECTRICAL COMPONENTS: Hancock Park Marks $1.3M Loan at 20% Off
---------------------------------------------------------------
Hancock Park Corporate Income, Inc has marked its $1,322,722 loan
extended to Electrical Components International, Inc. to market at
$1,061,485 or 80% of the outstanding amount, as of March 31, 2023,
according to a disclosure contained in Hancock Park's Form 10-Q for
the Quarterly Period ended March 31, 2023, filed with the
Securities and Exchange Commission.

Hancock Park is a participant in a Senior Secured Loan to
Electrical Components International, Inc. The loan accrues interest
at a rate of 13.34% (L + 8.50%) per annum. The loan matures on June
26, 2026.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Headquartered in St. Louis, Missouri, ECI is a global manufacturer
of wire harnesses and a provider of value-added assembly services
with operations in two principal segments: appliances and specialty
industrials. ECI has been owned by private equity firm KPS Capital
Partners, LP since May 2014.



ENDO INT'L: First Lien Group Update List of Members, Holdings
-------------------------------------------------------------
The Ad Hoc First Lien Group formed in the Chapter 11 cases of Endo
International plc, et al., filed an amended verified statement
pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure.

In April 2021, the Ad Hoc First Lien Group was formed and retained
attorneys currently affiliated with Gibson, Dunn & Crutcher LLP to
represent them as counsel in connection with a potential
restructuring of the outstanding debt obligations of the Debtors.

On Aug. 18, 2022, the Ad Hoc First Lien Group filed its first
verified statement.

Since the filing of the First Verified Statement, members of the Ad
Hoc First Lien Group and the disclosable economic interests in
relation to the Debtors that such members hold or manage have
changed.

Accordingly, pursuant to Bankruptcy Rule 2019, Gibson Dunn
submitted an Amended Verified Statement on May 28, 2023.

Gibson Dunn represents the Ad Hoc First Lien Group, comprised of
the beneficial holders or the investment advisors or managers for
certain beneficial holders in their capacities as:

   * lenders under a Credit Agreement, dated as of April 27, 2017,
among Endo International plc, Endo Luxembourg Finance Company I S.a
r.l. -- Lux Borrower -- Endo LLC, JPMorgan Chase Bank, N.A., as
administrative agent, issuing bank, and swingline lender, and the
lenders from time to time party thereto;

   * holders of senior secured notes issued under an Indenture,
dated as of April 27, 2017 -- 5.875% First Lien Notes due 2024 --
by and among Endo Designated Activity Company, Endo Finance LLC,
and Endo Finco Inc., as issuers, each of the guarantors party
thereto, and Computershare Trust Company, National Association, as
trustee;

   * holders of senior secured notes issued under an Indenture,
dated as of March 28, 2019 -- 7.500% First Lien Notes -- by and
among Par Pharmaceuticals, Inc., as issuer, each of the guarantors
party thereto, and Computershare, as trustee; and/or

   * holders of senior secured notes issued under an Indenture,
dated as of March 25, 2021 -- 6.125% First Lien Notes due 2029 --
among the Lux Borrower and Endo U.S. Inc., as issuers, each of the
guarantors party thereto, and Computershare, as trustee.

The members of the Ad Hoc First Lien Group and their holdings as of
May 28, 2023, are:

   1. Aegon USA Investment Management, LLC
      * 6.125% First Lien Notes due 2029: $3,900,000.00

   2. Amundi Asset Management US, Inc.
      * Term Loans: $5,848,537.53
      * 5.875% First Lien Notes due 2024: $18,152,000.00
      * 7.500% First Lien Notes due 2027: $21,310,000.00

   3. Arena Capital Advisors, LLC
      * Term Loans: $26,440,000.00
      * 7.500% First Lien Notes due 2027: $12,675,000.00

   4. Aristeia Capital, L.L.C.
      * 6.125% First Lien Notes due 2029: $42,800,000.00

   5. Bain Capital Credit, LP
      * Term Loans: $129,525,861.44
      * 7.500% First Lien Notes due 2027: $768,000.00
      * 6.125% First Lien Notes due 2029: $10,448,000.00

   6. Atlas Macro Master Fund, Ltd., acting by Balyasny Asset
Management L.P.
      * Term Loans: $30,000,000.00

   7. Bardin Hill Loan Management LLC
      * Term Loans: $8,062,582.69

   8. Canyon Capital Advisors LLC
      * Term Loans: $151,525,676.79
      * Revolving Loans: $11,692,197.15
      * 7.500% First Lien Notes due 2027: $42,797,000.00
      * 6.125% First Lien Notes due 2029: $105,305,000.00
      * 9.500% Second Lien Notes due 2027:2 $162,545,000.00
      * 6.000% Unsecured Notes due 2028:3 $99,851,000.00

   9. Capital Research and Management Company
      * 5.875% First Lien Notes due 2024: $11,744,000.00
      * 7.500% First Lien Notes due 2027: $215,401,000.00
      * 6.125% First Lien Notes due 2029: $23,365,000.00
      * 9.500% Second Lien Notes due 2027: $6,554,000.00
      * 6.000% Unsecured Notes due 2028: $53,616,000.00

  10. Cetus Capital VI, L.P.
      * Term Loans: $28,936,868.68

  11. CIFC Asset Management LLC
      * Term Loans: $72,082,280.08
      * 9.500% Second Lien Notes due 2027: $8,000,000.00

  12. D.E. Shaw Galvanic Portfolios, L.L.C.;
      DESALKIV Portfolios, L.L.C.
      * 5.875% First Lien Notes due 2024: $10,663,000.00
      * 7.500% First Lien Notes due 2027: $133,000,000.00
      * 6.125% First Lien Notes due 2029: $38,000,000.00

  13. Eaton Vance Management and Boston Management and Research
      * 5.875% First Lien Notes due 2024: $16,291,000.00
      * 6.125% First Lien Notes due 2029: $33,925,000.00

  14. FFI Fund Ltd.; FYI Ltd.; Olifant Fund, Ltd.; XYQ
Cayman Ltd.
      * Term Loans: $14,962,121.21
      * 6.125% First Lien Notes due 2029: $179,735,000.00

  15. Franklin Advisers Inc.
      * 5.875% First Lien Notes due 2024: $62,516,000.00
      * 7.500% First Lien Notes due 2027: $219,391,000.00
      * 6.125% First Lien Notes due 2029: $74,580,000.00
      * 9.500% Second Lien Notes due 2027: $18,597,000.00
      * 6.000% Unsecured Notes due 2028: $6,393,000.00

  16. GoldenTree Asset Management LP
      * Term Loans: $378,722,485.71
      * Revolving Loans: $16,376,935.31
      * 7.500% First Lien Notes due 2027: $279,105,000.00
      * 6.125% First Lien Notes due 2029: $182,336,000.00

  17. Greywolf Capital Management LP
      * Term Loans: $12,401,671.00
      * 7.500% First Lien Notes due 2027: $5,000,000.00
      * 6.125% First Lien Notes due 2029: $5,000,000.00

  18. Guggenheim Investments
      * Term Loans: $42,758,452.75
      * 7.500% First Lien Notes due 2027: $25,669,000.00
      * 6.125% First Lien Notes due 2029: $12,575,000.00
      * 9.500% Second Lien Notes due 2027: $9,473,000.00
      * Equity Interests: 2,732 shares

  19. Hudson Bay Capital Management LP
      * Term Loans: $25,000,000.00
      * 5.875% First Lien Notes due 2024: $7,000,000.00
      * 6.125% First Lien Notes due 2029: $1,000,000.00
      * 6.000% Unsecured Notes due 2028: $10,000,000.00

  20. Invesco Advisers, Inc., Invesco Asset Management
Limited and Invesco Trust Company
      * Term Loans: $7,771,625.00
      * 7.500% First Lien Notes due 2027: $9,931,000.00

  21. North America Credit Trading group of J.P. Morgan
Chase Bank, N.A. and J.P. Morgan Securities LLC
      * Term Loans: $86,345,464.256
      * Revolving Loans: $4,468,038.237
      * 5.875% First Lien Notes due 2024: $6,800,000.008
      * 7.500% First Lien Notes due 2027: $2,410,000.009
      * 6.125% First Lien Notes due 2029: ($7,742,000.00)
(short)
      * 9.500% Second Lien Notes due 2027: $1,746,000.0011
      * 6.000% Unsecured Notes due 2025:12 $798,000.0013
      * 6.000% Unsecured Notes due 2028: $9,249,000.0014
  22. MacKay Shields LLC
      * Term Loans: $10,000,000.00
      * 5.875% First Lien Notes due 2024: $15,150,000.00
      * 7.500% First Lien Notes due 2027: $99,803,000.00

  23. Marathon Asset Management LP
      * Term Loans: $74,947,710.66
      * 7.500% First Lien Notes due 2027: $54,751,000
      * 6.125% First Lien Notes due 2029: $87,514,000
      * 9.500% Second Lien Notes due 2027: $164,406,000.00
      * 6.000% Unsecured Notes due 2028: $128,561,000.00

  24. Delaware Management Company, a series of Macquarie Investment
Management Business Trust
      * Term Loans: $4,239,268
      * 7.500% First Lien Notes due 2027: $20,709,000
      * 6.125% First Lien Notes due 2029: $80,000

  25. Oaktree Capital Management, L.P.
      * Term Loans: $177,011,126.41
      * Revolving Loans: $38,871,427.36
      * 7.500% First Lien Notes due 2027: $137,432,000.00
      * 9.500% Second Lien Notes due 2027: $81,585,000.00
      * 6.000% Unsecured Notes due 2028: $108,489,000.00

  26. Owl Creek Asset Management, L.P.
      * Revolving Loans: $3,000,000.00
      * 5.875% First Lien Notes due 2024: $14,586,000.00
      * 7.500% First Lien Notes due 2027: $31,000,000.00
      * 6.125% First Lien Notes due 2029: $11,897,000.00
      * 9.500% Second Lien Notes due 2027: $27,687,000.00
      * 6.000% Unsecured Notes due 2028: $56,000,000.00

  27. PGIM, Inc.
      * Term Loans: $44,302,111.86
      * 7.500% First Lien Notes due 2027: $49,000.00
      * 9.500% Second Lien Notes due 2027: $99,000.00
      * 6.000% Unsecured Notes due 2025: $2,000.00
      * 6.000% Unsecured Notes due 2028: $125,000.00

  28. Redwood Capital Management, LLC
      * 7.500% First Lien Notes due 2027: $18,274,000.00

  29. Rokos Capital Management (US) LP
      * 5.875% First Lien Notes due 2024: $10,000,000.00
      * 7.500% First Lien Notes due 2027: $50,000,000.00
      * 6.125% First Lien Notes due 2029: $89,962,000.00

  30. Shenkman Capital Management, Inc.
      * Term Loans: $53,660,799.59
      * 7.500% First Lien Notes due 2027: $8,857,000.00

  31. Silver Point Capital, L.P.
      * Term Loans: $358,823,234.38
      * Revolving Loans: $16,300,000.0015
      * 7.500% First Lien Notes due 2027: $176,057,000.00

  32. Sixth Street Partners, LLC16
      * Term Loans: $62,160,131.81

  33. Capital Ventures International
      * 7.500% First Lien Notes due 2027: $20,000,000.00
      * 6.125% First Lien Notes due 2029: $18,000,000.00

  34. System 2 Master Fund Limited
      * 5.875% First Lien Notes due 2024: $7,750,000.00

  35. Taconic Capital Advisors L.P.
      * Term Loans: $31,629,261.00
      * 7.500% First Lien Notes due 2027: $38,690,000.00
      * 6.125% First Lien Notes due 2029: $46,850,000.00

  36. Third Point LLC
      * 6.125% First Lien Notes due 2029: $70,000,000.00

  37. UBS O'Connor LLC
      * Term Loans: $10,000,000.00
      * 5.875% First Lien Notes due 2024: $8,425,000.00
      * 7.500% First Lien Notes due 2027: $29,390,000.00
      * 6.125% First Lien Notes due 2029: $3,000,000.00
      * 9.500% Second Lien Notes due 2027: $173,000.00
      * 6.000% Unsecured Notes due 2028: $12,500,0

                   About Endo International plc

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

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


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

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

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

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

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


ENVISION HEALTHCARE: Group Has Gibson Dunn, Munsch as Attorneys
---------------------------------------------------------------
The Envision Ad Hoc Group, formed by certain beneficial holders of
loans and/or notes issued by Envision Healthcare Corp. and its
affiliates, filed a verified statement pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure.

The members of the Envision Ad Hoc Group hold First Out Term Loans,
Second Out Term Loans, Third Out Term Loans, Fourth Out Term Loans,
and/or Unsecured Notes issued by the Debtors.

As of May 12, 2023, the members of the Ad Hoc Group and their
disclosable interests are:

   * Barings LLC
     -- First Out Term Loan: $13,360,373.18
     -- Second Out Term Loan: $50,564,014.36
     -- Third Out Term Loan: $36,214,676.38
     -- AmSurg 1L Term Loans: $915,341.00

   * Black Diamond Capital Management, LLC

     -- First Out Term Loan: $9,440,629.44
     -- Second Out Term Loan: $55,606,780.93
     -- Third Out Term Loan: $26,103,599.27

   * BlackRock Financial Management, Inc.:
     -- First Out Term Loan: $10,208,017.16
     -- Second Out Term Loan: $40,755,178.40

   * Blackstone Alternative Credit Advisors LP
     -- First Out Term Loan: $26,999,604
     -- Second Out Term Loan: $124,964,449

   * Bank of America, N.A., solely in respect of its U.S.
Distressed & Special Situations Group:
     -- First Out Term Loan: $20,169,177.81
     -- Second Out Term Loan: $17,191,341.98
     -- Third Out Term Loan: $3,267,790.02
     -- Fourth Out Term Loan: $23,050.95
     -- AmSurg RCF:$14,164,500.00
     -- AmSurg 1L Term Loans: $6,374,525.76

   * BofA Securities, Inc., solely in respect of its U.S.
Distressed & Special Situations Group:
     -- Unsecured Notes: $7,775,000.00

   * Brigade Capital Management LP
     -- First Out Term Loan: $18,336,013.76
     -- Second Out Term Loan: $159,598,886.73
     -- Unsecured Notes: $52,620,000.00

   * Carlyle CLO Management LLC
     -- First Out Term Loan: $5,218,540.85
     -- Second Out Out Term Loan: $30,738,020.17
     -- Third Out Term Loan: $14,428,879.82

   * CastleKnight Management LP
     -- First Out Term Loan: $6,982,412.00
     -- Second Out Term Loan: $71,724,047.00
     -- Third Out Term Loan: $8,904,078.00
     -- Unsecured Notes: $11,995,000

   * CIFC Asset Management LLC
     -- Second Out Term Loan: $46,771,971.42

   * Corre Partners Management
     -- First Out Term Loan: $17,202,257.50
     -- Second Out Term Loan: $86,814,468.20
     -- Third Out Term Loan: $39,748,364.20
     -- Fourth Out Term Loan: $22,184,305.60
     -- Unsecured Notes: $14,935,000.

   * Eaton Vance Management
     -- First Out Term Loan: $20,926,154.46
     -- Second Out Term Loan: $137,847,035.26

   * King Street Capital Management, L.P., or a subsidiary
     -- First Out Term Loan: $41,112,347.53
     -- Second Out Term Loan: $189,747,881.94
     -- Third Out Term Loan: $1,581,866.36
     -- Fourth Out Term Loan: $2,074,253.00
     -- Unsecured Notes: $21,067,000
     -- AmSurg 1L Term Loans: $194,909,019.98
     -- AmSurg 2L Term Loans: $68,617,100.36

   * MJX Asset Management LLC:
     -- First Out Term Loan: $289,035.80
     -- Second Out Term Loan: $14,213,013.02
     -- Third Out Term Loan: $6,671,797.97

   * Neuberger Berman Investment Advisers LLC
     -- Second Out Term Loan: $51,256,713.80
     -- Third Out Term Loan:$21,242,041.64
     -- Unsecured Notes: $16,210,000

   * Polen Capital Credit, LLC
     -- Second Out Term Loan: $4,295,249.84
     -- Third Out Term Loan: $16,846,538.81

   * Redding Ridge Asset Management LLC:
     -- Second Out Term Loan: $47,275,668.99
     -- Third Out Term Loan: $22,191,896.35

   * Sculptor Capital LP
     -- First Out Term Loan: $36,024,829
     -- Second Out Term Loan: $21,523,471
     -- Third Out Term Loan: $10,121,807
     -- AmSurg 1L Term Loans: $52,615,385
     -- AmSurg 2L Term Loans: $26,450,423

   * Sound Point Capital Management, LP
     -- First Out Term Loan: $15,807,814.67
     -- Second Out Term Loan: $60,897,406.60

   * Strategic Value Partners, LLC
     -- First Out Term Loan: $10,845,975.55
     -- Second Out Term Loan: $255,931,591.29
     -- Unsecured Notes: $47,133,000.00

   * Voya Alternative Asset Management LLC and Voya Investment
Management Co. LLC:
     -- First Out Term Loan: $6,396,319.00
     -- Second Out Term Loan: $44,939,903.00

In March 2022, the Envision Ad Hoc Group (as comprised from time to
time) was formed and retained attorneys currently affiliated with
Gibson, Dunn & Crutcher LLP to represent it as counsel in
connection with a potential restructuring of the outstanding debt
obligations of the Debtors.  Subsequently, in May 2023, Gibson Dunn
contacted Munsch Hardt Kopf & Harr, P.C., to serve as Texas
co-counsel to the Envision Ad Hoc Group.

Attorneys for the Envision Ad Hoc Group can be reached at:

       John D. Cornwell, Esq.
       Brenda L. Funk, Esq.
       Munsch Hardt Kopf & Harr, P.C.
       700 Milam Street, Suite 800
       Houston, TX 77002
       Telephone: (713) 222-1470
       Facsimile: (713) 222-1475
       E-mail: jcornwell@munsch.com
       E-mail: bfunk@munsch.com

            – and –

       Scott J. Greenberg, Esq.
       Jason Zachary Goldstein, Esq.
       Keith R. Martorana, Esq.
       David M. Feldman, Esq.
       Mary Beth Maloney, Esq.
       C. Lee Wilson, Esq.
       GIBSON, DUNN & CRUTCHER LLP
       200 Park Avenue
       New York, NY 10166
       Telephone: (212) 351-4000
       Facsimile: (212) 351-4035
       E-mail: sgreenberg@gibsondunn.com
       E-mail: jgoldstein@gibsondunn.com
       E-mail: kmartorana@gibsondunn.com
       E-mail: dfeldman@gibsondunn.com
       E-mail: mmaloney@gibsondunn.com
       E-mail: clwilson@gibsondunn.com

             About Envision Healthcare Corporation

Envision Healthcare Corporation -- http://www.EnvisionHealth.com/
-- is a national medical group that delivers physician and advanced
practice provider services, primarily in the areas of emergency and
hospitalist medicine, anesthesiology, radiology/ teleradiology and
neonatology.  As a leader in ambulatory surgical care, AMSURG holds
ownership in more than 250 surgery centers in 41 states and the
District of Columbia, with medical specialties ranging from
gastroenterology to ophthalmology and orthopedics. In total, the
medical group offers a differentiated suite of clinical solutions
on a national scale with a local understanding of our communities,
creating value for health systems, payers, providers and patients.

On May 15, 2023, Envision Healthcare Corporation and 216 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of Texas.  The cases are
pending before the Honorable Christopher M. Lopez, and are jointly
administered under Case No. 23-90342.

Envision has estimated assets and liabilities in the range of $1
billion to $10 billion each.

The Debtors' investment banker is PJT Partners LP, its financial
advisor is Alvarez & Marsal LLC, and its legal advisor is Kirkland
& Ellis LLP.  Jackson Walker LLP is the local bankruptcy counsel.
KPMG LLC is the tax advisor.  Kroll is the claims agent,
maintaining the pages EnvisionHealthFuture.com or
https://restructuring.ra.kroll.com/Envision


FAAVEE LLC: Taps Watters International to Sell Austin Property
--------------------------------------------------------------
Faavee, LLC received approval from the U.S. Bankruptcy Court for
the Western District of Texas to employ Watters International
Realty to market and sell its real property located at 2302
Vanderbilt Cir, Austin, Texas.

The firm will be paid a commission of 6 percent of the gross sales
price.

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

The firm can be reached at:

     Jennifer Vanessa Rodarte
     Watters International Realty
     8240 N Mopac
     Austin, TX 78759
     Tel: (281) 733-5867
     Fax: (512) 532-9473

                         About Faavee LLC

Faavee, LLC is the owner in fee simple title of eight properties in
Texas, with an aggregate current value of $2.84 million. The
company is based in Buda, Texas.

Faavee filed its voluntary petition for Chapter 11 protection
(Bankr. W.D. Texas Case No. 22-10870) on Dec. 30, 2022, with
$2,849,500 in assets and $1,939,105 in liabilities. Alfredo Garza,
sole member of Faavee, signed the petition.

Judge Shad Robinson oversees the case.

Stephen W. Sather, Esq., at Barron & Newburger, PC serves as the
Debtor's legal counsel.


FS ENERGY: S&P Alters Outlook to Stable, Affirms 'B' ICR
--------------------------------------------------------
S&P Global Ratings revised its outlook on FS Energy and Power Fund
to stable from developing following the company's redemption of its
senior secured notes due August 2023. At the same time, S&P
affirmed its 'B' issuer credit rating. Subsequently, S&P withdrew
all ratings at the company's request.

  Ratings List
  
  RATING WITHDRAWN  
                                TO         FROM
  FS ENERGY AND POWER FUND

   Senior Secured               NR           B

  RATINGS AFFIRMED; OUTLOOK ACTION  

                                TO         FROM

  FS ENERGY AND POWER FUND

   Issuer Credit Rating      B/Stable/--    B/Developing/--

  RATINGS WITHDRAWN  

                                TO         FROM

  FS ENERGY AND POWER FUND

   Issuer Credit Rating         NR/NR    B/Stable/--



GATOR COURIER: Seeks Chapter 11; Ford Seeks Stay Relief
-------------------------------------------------------
Gator Courier Inc. filed for chapter 11 protection in the Western
District of Tennessee. 

Ford Motor Credit Company immediately filed a motion for relief
from the automatic stay.

Ford says it is owed a debt pursuant to Retail Installment Contract
executed by Debtor for a 2022 FORD F250, Vin 1FT7W2BT3NED03994. The
Debtor has defaulted on its obligations under the terms of these
agreement.  Ford wants the stay to be terminated to allow Ford to
immediately repossess said vehicles from Debtor as Ford lacks
adequate protection.

According to court filings, Gator Courier has $1,816,507 in debt
owed to 1 to 49 creditors.  The petition states that funds will be
available to unsecured creditors.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
June 21, 2023, at 2:30 PM at by telephone or videoconference, if
necessary.  Proofs of claim are due by Aug. 30, 2023.

                       About Gator Courier

Gator Courier Inc. is a Courier service provider located in 85
Macon Ridge Cove, Rossville, Tennessee.

Gator Courier Inc. filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. Tenn. Case No. 23-22453) on May
22, 2023.  In the petition filed by Mark Allen, as manager, the
Debtor reported total assets of $1,094,000 and total liabilities of
$1,816,507.

The Honorable Bankruptcy Judge Jennie D. Latta handles the case.

The Subchapter V trustee:

     Craig M. Geno, Esq.
     587 Highland Colony Parkway
     Ridgeland, MS 39157
     Phone: (601) 427-0048
     E-mail: cmgeno@cmgenolaw.com

The Debtor is represented by:

     Toni Campbell Parker, Esq.
     Law Office of Toni Campbell Parker
     85 Macon Ridge Cove
     Williston, TN 38076
     Tel: 901-683-0099
     Fax: 866-489-7938
     Email: tparker002@att.net


GREAT OUTDOORS: S&P Upgrades ICR to 'BB', Outlook Stable
--------------------------------------------------------
S&P Global Ratings raised all its ratings on Springfield, Mo.-based
sporting goods retailer Great Outdoors Group LLC to 'BB' from
'BB-', including its issuer credit rating and issue level rating on
its term loan.

The stable outlook reflects S&P's expectation that the company will
maintain its good performance over the next 12 months and improve
its S&P Global Ratings-adjusted leverage to the 3x range.

S&P said, "We expect the company's recently elevated leverage will
likely improve to the mid-3x area in 2024. Great Outdoors has
demonstrated the ability and willingness to operate with lower
leverage, which is a trend we expect will continue over the long
term. As of the end of the last two fiscal years, the company's S&P
Global Ratings-adjusted leverage has remained below 4x. Great
Outdoors' leverage was in the mid-3x area before it redeemed $1
billion of minority equity in early 2022, though we expect it will
return its leverage to this level in 2024 from an estimated level
of approximately 4x as of the end of 2023 due to elevated incentive
compensation payments and other expenses. We forecast the company
will sustain the expansion in its sales and good profitability,
which will support significant free cash flow generation in 2023
and 2024. We also expect it will exhibit a relatively conservative
financial policy. We believe management will fund Great Outdoors'
growth using its cash flow generation and do not expect it will
take on any significant incremental balance sheet debt."

Management's operating initiatives, as well as its strong loyalty
program, will support Great Outdoors' competitive position. The
company maintains a solid position as a significant player in the
outdoor leisure and sporting goods industry. Great Outdoors' large
destination store format provides a compelling in-store experience
and its enhanced e-commerce platform helps support its market
position by providing consumers access to its broad national and
priority/owned brands. S&P said, "We also think the company's
strong owned brands along with expertise across multiple verticals,
including firearms, boats, fishing, and outdoor apparel enhance its
product positioning. This includes its loyalty card business, which
enhances customer engagement and provides it with a profitable,
stable cash flow stream. Management's good merchandise strategies
and product mix also help reduce the need for promotional activity
and discounting. Still, relative to other retailers with
satisfactory business risk profiles, we view Great Outdoors'
addressable market as more limited and potentially volatile;
therefore, we maintain our negative comparable ratings
adjustment."

Great Outdoors will likely increase its sales over the next two
years while sustaining elevated profitability relative to its
pre-pandemic levels. Increased consumer interest in outdoor
activities and healthy living will likely support a rise in the
company's sales over the next 12 months. S&P said, "In addition, we
expect Great Outdoors will accelerate its new store openings over
the next two years. In total, we forecast a flat-to-low single
digit percent improvement in the company's comparable sales, with
the opening of two new stores boosting its total revenue by about
3% in 2023. We also expect Great Outdoors to open more new stores
in 2024, which--along with increasing same-store sales, will lead
to about a 4% expansion in its sales. We also assume the company's
S&P Global Ratings-adjusted EBITDA margins decline in 2023 but
remain elevated compared with pre-pandemic levels. Despite our
expectation that elevated incentive compensation and other expenses
will weigh on its profitability in 2023, we project Great Outdoors'
S&P Global Ratings-adjusted margins will approach 17% as of the end
of 2023. This compares with its S&P Global Ratings-adjusted EBITDA
margins of 15.5% in 2019 and 19% as of year-end 2022. Moreover, we
expect the company's S&P Global Ratings-adjusted margins will
remain elevated (in the mid-17% range or above)in 2024 and
thereafter due to its improving sales leverage and good cost
management."

S&P Said, "The stable outlook reflects our expectation for a good
performance over the next 12 months, including a low single-digit
percent rise in its sales growth, S&P Global Ratings-adjusted
margins in the mid- to high-teens percent area, and peaking S&P
Global Ratings-adjusted leverage in 2023 that improves
thereafter."

S&P could lower its rating on Great Outdoors if S&P expects it to
sustain leverage of 4x or above. This could occur if:

-- A worsening macroeconomic environment or operational missteps
lead to persistent weakness in its sales and profitability,
including S&P Global Ratings-adjusted EBITDA margins of less than
16%; or

-- It employs a more aggressive financial policy that includes
debt-financed dividends of $500 million or more.

S&P said, "While unlikely in the next 12 months, we could raise our
ratings on Great Outdoors if we expect it to sustain S&P Global
Ratings-adjusted leverage of well below 3x, which would likely
require a significant improvement in its S&P Global
Ratings-adjusted EBITDA margins or a shift in its financial policy,
including reducing its gross debt by $1 billion. We could also
raise our rating if Great Outdoors materially improves its
operating scale and competitive position such that we view it as
having an improved business risk."

Environmental, Social, And Governance

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

S&P considers social factors as a moderately negatively
consideration in its credit rating analysis of Great Outdoors Group
LLC. The company has a material exposure to firearms and
ammunition, which adds volatility to its sales and profitability.
These products tend to exhibit significant unpredictability and
fluctuations in demand, especially before national elections. In
addition, regulators and lawmakers have looked to impose
restrictions on firearm sales, adding to the potential social
risks. While no significant legislation has been enacted to
restrict sales, potential changes in regulations could increase the
volatility of the company's future performance.



HUCKLEBERRY PARTNERS: Taps David Jennis as Substitute Counsel
-------------------------------------------------------------
Huckleberry Partners, LLC seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to employ David Jennis,
P.A. to substitute for Latham, Luna, Eden & Beaudine, LLP.

The firm's services include:

     a. advising the Debtor regarding its rights and obligations;

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

     c. preparing and participating in the mediation that has been
ordered by the court;

     d. preparing legal papers; and

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

The firm will be paid at these rates:

     Attorneys    $200 to $525 per hour
     Paralegals   $120 to $160 per hour

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

The retainer fee is $100,000.

David Jennis, Esq., a partner at David Jennis, 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:

     David S. Jennis, Esq.
     David Jennis, P.A.
     d/b/a Jennis Morse Etlinger
     606 East Madison Street,
     Tampa, FL 33602
     Phone: (813) 229-2800
     Email: djennis@jennislaw.com
            detlinger@jennislaw.com
            ecf@jennislaw.com

                   About Huckleberry Partners

Huckleberry Partners, LLC owns and operates a shopping center
called Waterford Commons, which is located at 12789 Waterford
Lakes
Parkway, Orlando, Fla.

Huckleberry Partners sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 22-02159). In the
petition filed by its managing member, Henry James Herborn, III,
the Debtor disclosed between $1 million and $10 million in both
assets and liabilities.

Judge Grace E. Robson oversees the case.

David Jennis, P.A. serves as the Debtor's bankruptcy counsel.


IVANTI SOFTWARE: Audax Credit Marks $2.9M Loan at 18% Off
---------------------------------------------------------
Audax Credit BDC Inc has marked its $2,955,150 loan extended to
Ivanti Software to market at $2,437,216 or 82% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in Audax Credit's Form 10-Q for the Quarterly Period ended March
31, 2023, filed with the Securities and Exchange Commission.

Audax Credit is a participant in a Senior Secured 2021 Specified
Refinancing Term Loan (First Lien) to Ivanti Software. The loan
accrues interest at a rate of 9.44% (LIBOR +4.25%) per annum. The
loan matures on December 1, 2027.

Audax Credit BDC Inc. is a Delaware corporation that was formed on
January 29, 2015. The Company is an externally managed, closed-end,
non-diversified management Investment Company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, effective with the
Company's taxable year ended December 31, 2015, the Company has
elected to be treated for federal income tax purposes and intends
to comply with the requirements to qualify annually, as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Ivanti Software, Inc. provides information technology services. The
Company offers IT asset management, security, endpoint, and supply
chain solutions.  



JDI DATA CORPORATION: Trustee Taps Bilzin as Special Counsel
------------------------------------------------------------
Scott Brown, the Chapter 11 trustee for JDi Data Corporation,
received approval from the U.S. Bankruptcy Court for the Southern
District of Florida to employ Bilzin Sumberg Baena Price & Axelrod,
LLP as special counsel.

The firm will provide the trustee with legal advice and services in
connection with (i) the development and implementation of new terms
and conditions of use/service and subscription/license agreements
and related "click wrap"; and (ii) customer contracts relating to
the use of the Claims Manager and C-Trax software as service
products.

The firm will be paid at these rates:

     David M. Seifer, Partner     $832 per hour
     Jeffrey I. Snyder, Partner   $765 per hour
     Robert W. Lee, Associate     $625 per hour

Jeffrey Snyder, Esq., a partner at Bilzin, 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:

     Jeffrey I. Snyder, Esq.
     Bilzin Sumberg Baena Price & Axelrod, LLP
     1450 Brickell Ave. Suite 2300
     Miami, FL 33131
     Tel: (305) 374-7580
     Fax: (305) 374-7593

                    About JDi Data Corporation

JDi Data Corporation has developed innovative solutions for
professionals within the insurance, risk, and legal communities.
Its software solutions are designed to allow organizations to
invest in tools that truly transform their day-to-day processes.
The company is based in Fort Lauderdale, Fla.

JDi Data sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. S.D. Fla. Case No. 23-11322) on Feb. 17, 2022, with $1
million to $10 million in both assets and liabilities. John Heller,
chief restructuring officer, signed the petition.

Judge Scott M. Grossman oversees the case.

Moffa & Bierman represents the Debtor as legal counsel.

Scott N. Brown is the Chapter 11 trustee appointed in the Debtor's
bankruptcy case. The trustee tapped Bast Amron, LLP as bankruptcy
counsel; Bilzin Sumberg Baena Price & Axelrod, LLP as special
counsel; and KapilaMukamal, LLP as accountant.


JOYCARE THERAPY: Taps Samuel Behar CPA as Accountant
----------------------------------------------------
Joycare Therapy, LLC seeks approval from the U.S. Bankruptcy Court
for the Southern District of Texas to employ Samuel Behar, CPA.

The Debtor requires an accountant to prepare tax returns and
provide financial and accounting services necessary for the
preparation of its Chapter 11 plan.

The accountant will be paid at hourly rates ranging from $100 to
$300.

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

The accountant can be reached at:

     Samuel Behar, CPA
     10101 Fondren Rd, Suite 400
     Houston, TX 77096
     Tel: (832) 231-6959
     Fax: (832) 324-7779

                       About Joycare Therapy

Joycare Therapy, LLC is a child health care center in Houston,
Texas.

Joycare Therapy sought Chapter 11 protection (Bankr. S.D. Texas
Case No. 22-33581) on Dec. 2, 2022, with $50,000 to $100,000 in
assets and $1 million to $10 million in liabilities. Huan Le,
president of Joycare Therapy, signed the petition.

Judge Eduardo V. Rodriguez oversees the case.

The Debtor tapped Reese W. Baker, Esq., at Baker & Associates as
legal counsel and Samuel Behar, CPA as accountant.


KALI'S COURT: Seeks to Hire Scarlett & Croll as Legal Counsel
-------------------------------------------------------------
Kali's Court, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Maryland to employ Scarlett & Croll, PA as
bankruptcy counsel.

The firm will render these services:

     (a) advise the Debtor of its rights, powers, and duties;

     (b) represent the Debtor in defense of proceedings instituted
to reclaim property of the estate or to obtain relief from the
automatic stay under Sec. 362 of the Bankruptcy Code;

     (c) assist the Debtor in the preparation of schedules,
statement of financial affairs, and any amendments thereto that the
Debtor may be required to file in this case;

     (d) represent the Debtor's interests in this bankruptcy
proceeding;

     (e) assist the Debtor in the preparation of its Plan of
Reorganization and supporting documents or an orderly liquidation
of its assets;

     (f) investigate and advise the Debtor as to the potential ways
to reorganize its affairs and attempt, if appropriate, to discover
potential assets in this bankruptcy proceeding; and

     (g) perform all of those duties appropriate to represent the
Debtor in this bankruptcy proceeding.

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

     Attorneys             $300 - $385
     Law Clerks/Paralegals        $165

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

Prior to the petition date, the Debtor paid Scarlett & Croll
$16,000 for legal fees with an additional check of $2,000 for legal
fees and expenses to file this bankruptcy proceeding.

Robert Scarlett, Esq., a partner at Scarlett & Croll, 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:
   
     Robert B. Scarlett, Esq.
     Scarlett & Croll, PA
     201 N. Charles St., Ste. 600
     Baltimore, MD 21201
     Telephone: (410) 468-3100
     Facsimile: (410) 332-4026
     Email: Rscarlett@scarlettcroll.com

                         About Kali's Court

Kali's Court, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. D. Md. Case No. 23-13178) on May 6,
2023, with as much as $50,000 in assets and $500,001 to $1 million
in liabilities. Angela Shortall of 3Cubed Advisory Services, LLC
has been appointed as Subchapter V trustee.

The Debtor tapped Robert B. Scarlett, Esq., at Scarlett & Croll, PA
as legal counsel; Luxenburg & Bronfin, LLC as accountant; and
Theodore Losin as business manager.


KALI'S COURT: Seeks to Hire Theodore Losin as Business Manager
--------------------------------------------------------------
Kali's Court, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Maryland to employ Theodore Losin, a professional
based in Maryland, as its business manager.

The Debtor requires a manager to assist with operating its business
in order to relieve its principal, Vasilios Keramidas, of such
duties so Mr. Keramidas can concentrate his time running the food
and restaurant operations of the Debtor.

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

                         About Kali's Court

Kali's Court, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. D. Md. Case No. 23-13178) on May 6,
2023, with as much as $50,000 in assets and $500,001 to $1 million
in liabilities. Angela Shortall of 3Cubed Advisory Services, LLC
has been appointed as Subchapter V trustee.

The Debtor tapped Robert B. Scarlett, Esq., at Scarlett & Croll, PA
as legal counsel; Luxenburg & Bronfin, LLC as accountant; and
Theodore Losin as business manager.


KALI'S COURT: Seeks to Tap Luxenburg & Bronfin as Accountant
------------------------------------------------------------
Kali's Court, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Maryland to employ Luxenburg & Bronfin, LLC as
accountant.

The Debtor requires an accountant to assist with the preparation
and filing of its monthly reports and Chapter 11 plan of
reorganization and to assist with its day-to-day accounting and
bookkeeping needs.

The firm will charge a monthly fee of $2,000 for bookkeeping
services and an hourly fee ranging from $155 to $475 for other
services.

Samuel Luxenburg, CPA, a member of Luxenburg & Bronfin, 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:

     Samuel Luxenburg, CPA
     Luxenburg & Bronfin, LLC
     28 Walker Ave.
     Pikesville, MD 21208
     Telephone: (410) 358-7255
    
                         About Kali's Court

Kali's Court, LLC filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. D. Md. Case No. 23-13178) on May 6,
2023, with as much as $50,000 in assets and $500,001 to $1 million
in liabilities. Angela Shortall of 3Cubed Advisory Services, LLC
has been appointed as Subchapter V trustee.

The Debtor tapped Robert B. Scarlett, Esq., at Scarlett & Croll, PA
as legal counsel; Luxenburg & Bronfin, LLC as accountant; and
Theodore Losin as business manager.


KDP LLC: Credit Research Provider in Chapter 11
-----------------------------------------------
Based in Montpelier, VT, KDP LLC and affiliates KDP ASSET
MANAGEMENT, INC. ("AM"), and KDP INVESTMENT ADVISORS, INC. ("IA"),
filed for chapter 11 protection in the District of Delaware.  The
Debtors elected to proceed under Subchapter V of chapter 11 of the
Bankruptcy Code.

IA is a leading independent provider of high yield credit research
and analysis.  The services of IA are limited to providing credit
research and pricing on a subscription or consulting basis.

IA and its predecessor companies, Duff and Phelps Fixed Income
Research and McCarthy, Crisanti & Maffei have been providing
actionable research to many of the top asset management and
investment banking firms since 1975.  IA employs a staff of
seasoned industry and market analysts with an average of 33 years
of experience and over 23 years with IA.  IA's research
professionals have been providing investment research to high yield
professionals for over 25 years.

IA sells its research service on a subscription basis.  The
institutional client base of IA includes hedge funds, pension plan
sponsors, mutual fund companies, sell-side firms, and other
financial institutions.

AM is registered as an investment adviser with the Securities and
Exchange Commission specializing in investment management services
to both institutional clients such as foundations, public plans,
corporate pensions, insurance companies, endowments, banks, and
high net worth individuals.  AM specializes in investment
management advice that is limited to fixed income directives with
an emphasis on high yield bonds and leveraged loans.  As of Dec.
31, 2022, AM managed assets of $90,300,000 on a discretionary
basis, and assets of $350,000,000 on a non-discretionary basis.

Privately held KDP is a holding company owing 100% of IA's common
stock and the majority of AM's common stock.  CEO KINGMAN D.
PENNIMAN, CFA, owns 72% of KDP, with the remaining 28% owned by 36
outside investors.

The Debtors currently have 17 full-time employees and one
independent contractor continuing business operations.  The
Debtors' main office is located in Montpelier VT.

                       Capital Structure

KDP's secured debt consists of a loan with Newtek Small Business
Finance, LLC.  This SBA loan was from 2013 in the original amount
of $1,375,000, payable over 10 years at a 6% interest rate.  This
loan is scheduled to be paid in full by July 2023.

AM's secured debt consists of an SBA loan in November of 2021 in
the amount of $450,000 and amended additional loan from April 22,
2022 in the total amount of $699,500 at a 3.75% interest rate,
payable over 30 years.

As of the Petition Date the Debtors' unsecured debts are as
follows: KDP has unsecured debt in excess of $6,000,000; IA's
unsecured debt is in excess of $7,000,000; and AM’s unsecured
debt is in excess of $1,000,000.

AM's other debt consists of three loans as follows: (i) loan from
Michael H. Penniman on February 27, 2023 in the amount of $75,000;
(ii) loan from William F. Penniman on March 30, 2023 in the amount
of $50,000; and (iii) loan from Richard S. Penniman on April 13,
2023 in the amount of $75,000.

                 Events Leading to Chapter 11

CEO Kingman Penniman explains that the Debtors' business is
dependent on the health of the economic market environment, and as
a result of the economic downturn, the Debtors were unable to grow
their heigh yield research base.  For an extended period of time,
interest rates were at an all-time low and spreads were down.  The
Debtors have been unable to grow their market base and have
remained below the Billion-dollar mark. As a result, the Debtors
were limited in marketing their services to potential larger
clients.

The Debtors have also been engaged in protracted litigation. A
lawsuit was commenced by Connecticut Investments LLC ("CI") against
the Debtors and Mr. Penniman, individually, in the Supreme Court of
the State of New York, New York County by a Summons issued on Feb.
1, 2019.  CI sought monetary damages for alleged repayment of loans
based on oral contracts for
short-term loans totaling $2,175,000 in 2003.  On Jan. 6, 2020, the
Supreme Court of New York dismissed CI's case for lack of subject
matter jurisdiction.

On Nov. 5, 2020, CI commenced litigation against the Debtors in the
United States District Court for the District of Vermont captioned
as Connecticut Investments LLC v. KDP LLC, et al., and assigned
case number 5-20-cv-179.  Once again CI alleged that it made loans
to the Debtors totaling $2,175,000.  This time, CI alleged that it
entered into a written contract with IA to provide $600,000 in
loans (convertible to equity, but which were not converted) and
oral contracts to provide AM loans of an additional $1,575,000 for
a total of $2,175,000 in monetary damages plus interest and
attorney's fees.  Both CI and the Debtors filed dispositive motions
for summary judgement in 2023.  On March 13, 2023, the Court
entered summary judgment in favor of CI and against IA on its
breach of contract claim on a $600,000 promissory note.  The Court
found that neither AM nor KDP were liable on the claim.  The Court
also concluded that the statute of fraud bars CI breach of contract
claims for $1,575,000.

                    Objectives in Chapter 11

The Debtors have elected to proceed under chapter 11, in order to
negotiate and consummate a private sale of the Debtors' assets.
The Debtors have secured debtor-in-possession financing from Obra
Institutional Credit, LLC in order to fund the continued operations
and administrative costs of the chapter 11 case.

                          About KDP LLC

KDP LLC is an investment adviser registered with the SEC
specializing in the management of high yield bonds and leveraged
loans with a strong focus on rigorous, bottom-up credit analysis.

Honorable Bankruptcy Judge J. Kate Stickles oversees the case.

KDP LLC and affiliates KDP ASSET MANAGEMENT, INC., and KDP
INVESTMENT ADVISORS, INC., each filed a petition for relief under
Subchapter V of Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No. 23-10662 to 23-10664) on May 21, 2023.  In the petition
filed by Kingman D. Penniman, as president and chief executive
officer, KDP LLC reported assets and liabilities between $1 million
and $10 million each.

The Debtors are represented by:

     David M. Klauder, Esq.
     Bielli & Klauder, LLC
     24 Elm Street
     Montpelier, VT 05602
     Tel: (302) 803-4600
     Email: dklauder@bk-legal.com
     mhartlipp@bk-legal.com


LIFESCAN GLOBAL: S&P Raises ICR to 'CCC+', Outlook Negative
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on LifeScan
Global Corp. to 'CCC+' from 'SD' (selective default).

S&P said, "We assigned our 'B' issue-level rating and '1' recovery
rating to the company's new $118.75 million revolver. We assigned
our 'CCC+' issue-level rating and '3' recovery rating to the new
$1.01 billion first-lien term loan. We also assigned our 'CCC'
issue-level rating and '5' recovery rating to the new $275 million
second-lien term loan.

"Our 'B' issue level rating and 'CCC+' issue-level rating for the
nonextending portions of the existing revolver ($6.25 million) and
first-lien term loan ($27 million) are unchanged."

The negative outlook reflects the execution risk associated with
the launch of its CGM product and potential for a downgrade if
liquidity weakens, the company engages in a transaction S&P views
as distressed, or if it believes the company will likely default
within the next 12 months.

The 'CCC+' rating reflects ongoing headwinds in LifeScan's core BGM
business and risks to the approval and launch of CGM. S&P said,
"Although the company successfully gained share in traditional,
static BGM, we expect it will continue to see mid- to
high-single-digit percent declines in sales, reflecting erosion in
both volumes and net price. We see a risk for higher sales declines
in the company's core markets-- Europe, the Middle East, and Africa
(EMEA) and the U.S.--which represented approximately 78% of total
sales in 2022 as its CGM technology became more widely adopted."

Although the market transition to CGM will continue, LifeScan's CGM
product is still pending regulatory approval, and its launch
timeline is uncertain. S&P believes delays in the launch of its CGM
product could be detrimental to the company's prospects to gain
share from already existing CGM products, as the two main
competitors in the CGM space, Abbott Laboratories and Dexcom Inc.,
continue to establish themselves in the market with new versions of
their CGM products. At the same time, the investment in CGM
development constrains LifeScan's margins and cash generation,
which is exacerbated by the high required debt amortization on its
first-lien term loan.

S&P Said, "The company spent about $160 million on CGM-related and
other restructuring charges; we expect these charges to reduce in
2023, leading to free operating cash flow (FOCF) of about $100
million. However, 2024 FOCF generation could be less than 2023
level as commercialization spending will likely increase, combined
with continued decline sales in BGM and limited contribution from
CGM.

"Expanded CGM reimbursement could deteriorate the BGM segment. We
believe the transition to CGM could accelerate because the Centers
for Medicare and Medicaid Services (CMS) recently expanded coverage
of CGM coverage for type 2 diabetes patients who only take basal
insulin, which could further erode the BGM category. In addition,
we believe some of the emerging markets (such as China) may
continue to underperform in sales. However, we expect foreign
exchange rates, which were a significant headwind in 2022, to abate
in 2023."

Liquidity is sufficient over the next 12 months but remains tight.
The debt exchange provides a modest benefit to LifeScan's credit
profile by extending maturities, which reduces near-term
refinancing risk. S&P Said, "In addition, we believe FOCF
generation of about $100 million in 2023 should cover its $85
million annual debt amortization (modestly lower than $103 million
under the previous capital structure). However, given the resources
the company will need to commercialize the CGM product in 2024, we
expect its cash generation to be below $112 million (including $27
million of maturing, nonextending, first-lien debt and the $85
million of annual debt amortization), which could erode
liquidity."

Also, given the nature of the business, fluctuation in rebate
payments could cause working capital swings and pressure FOCF
beyond our current forecast.

The negative outlook reflects the execution risk associated with
the timing and cost of its CGM product launch,
greater-than-expected declines for BGM products, and potential for
a downgrade if we believe the company will likely default within
the next 12 months.

S&P said, "We could lower the rating if we believe the company will
default within the next six to 12 months. This could occur if
weakening liquidity causes a payment default or we expect the
company to pursue a distressed exchange.

"We could revise the outlook to stable or raise the rating if the
company successfully launches and commercializes its CGM product
and the company meaningfully improves its revenue and EBITDA
trends, leading to higher FOCF."

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

Environmental and social factors have an overall neutral influence
in S&P's credit analysis of LifeScan.

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."



LOGMEIN INC: Hancock Park Marks $1.3M Loan at 42% Off
-----------------------------------------------------
Hancock Park Corporate Income, Inc has marked its $1,389,340 loan
extended to LogMeIn Inc to market at $800,795 or 58% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Hancock Park's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Hancock Park marked the $1,392,893 loan to market at $902,575 or
65% of the outstanding amount, as of December 31, 2022.

Hancock Park is a participant in a Senior Secured Loan to LogMeIn
Inc. The loan accrues interest at a rate of 12.56% (L + 7.75%) per
annum. The loan matures on April 27, 2029.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

LogMeIn Inc is a flexible-work provider of software as a service
and cloud-based remote work tools for collaboration and IT.


MALLINCKRODT PLC: Lenders Submit Proposal as Payment Deadline Nears
-------------------------------------------------------------------
Reshmi Basu, Rachel Butt, and Erin Hudson of Bloomberg News report
that a group of first-lien lenders to Mallinckrodt Plc has pitched
a proposal to the drugmaker that would allow them to bid for the
company's assets through another bankruptcy as a $200 million
payment owed under its settlement in the opioid crisis comes due,
according to people familiar with the matter.

The payment -- due June 16, 2023 and earmarked for an opioid trust
-- is supposed to be Mallinckrodt's first since exiting bankruptcy
a year ago.  Some of its lenders, however, are concerned that the
payment could strain the company's liquidity and want Mallinckrodt
to skip it or renegotiate.

                    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.


MALLINCKRODT PLC: Taps Perella Prior to Opioid Payment Talks
------------------------------------------------------------
Reshmi Basu of Bloomberg News reports that a group of Mallinckrodt
Plc creditors has selected Perella Weinberg Partners as a financial
adviser ahead of a $200 million opioid settlement payment,
according to people familiar with the matter.

The hire comes in anticipation of negotiations related to the
payment, according to the people, who asked not to be named because
the matter is private.

The engagement by the so-called crossholder group -- whose members
hold the company's first- and second-lien debt -- complements the
earlier retention of law firm Paul Weiss Rifkind Wharton &
Garrison, Bloomberg reported.

                        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.


MANZELLA PROPERTIES: Trustee Taps CBRE Inc. as Real Estate Broker
-----------------------------------------------------------------
Karen Sue Naylor, the trustee appointed in the Chapter 11 case of
Manzella Properties, LLC, seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ CBRE, Inc.

The trustee needs a real estate broker to market and sell its
commercial real property located at 101 E. Imperial Highway, Brea,
Calif.

CBRE will receive a brokerage commission of 5 percent upon sale of
the property.

Arthur Flores, a real estate agent and senior vice president of
CBRE, 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:

     Arthur R. Flores
     CBRE, Inc.
     3501 Jamboree Road, Suite 100
     Newport Beach, CA 92660
     Telephone: (949) 725-8500
     Facsimile: (949) 725-8545
     Email: arthur.flores@cbre.com

                    About Manzella Properties

Manzella Properties, LLC, a company in Brea, Calif., filed its
voluntary petition for Chapter 11 protection (Bankr. C.D. Calif.
Case No. 22-11915) on Nov. 9, 2022, with $10 million to $50 million
in assets and $1 million to $10 million in liabilities. Joseph
Manzella signed the petition as the authorized person.

Judge Scott C. Clarkson oversees the case.

Fennemore Wendel and Sonoran Capital Advisors serve as the Debtor's
legal counsel and financial advisor, respectively.

On Jan. 20, 2023, Karen Sue Naylor was appointed as trustee in the
Debtor's Chapter 11 case. Ringstad & Sanders, LLP, Malcolm
Cisneros, A Law Corporation and Hahn Fife & Company, LLP serve as
the trustee's bankruptcy counsel, special counsel and accountant,
respectively.


MLCJR LLC: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------
The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of MLCJR LLC
and its affiliates.

The committee members are:

     1. Westchester Fire Insurance Co.
        Attn: Douglas J. Wills
        436 Walnut St., WA10A
        Philadelphia, PA 19106
        Phone: (215) 640-1835
        Email: dwills@chubb.com

     2. GOL, LLC
        Attn: Rec Chaddock
        4535 Hwy 308
        P.O. Box 309
        Raceland, LA 70394
        Phone: (985) 532-1060
        Email: rec@gulf-log.com

     3. Third Coast Midstream Holdings, LLC
        Attn: Nadine Moustafa
        1501 McKinney Street, Ste. 800
        Houston, TX 77002
        Phone: (202) 368-0984
        Email: nmoustafa@third-coast.com

     4. Turnkey Offshore Project Services, LLC
        Attn: George Nalley
        2450 Severn Ave., Suite 100
        Metairie, LA 70001
        Phone: (504) 838-8188
        Email: george@gnalley.com

     5. Quality Production Management, LLC
        Attn: John C. Nunnally
        425 Griffin Road
        Youngsville, LA 70592
        Phone: (337) 857-6000
        Email: cnunnally@qualitycompanies.com

     6. Chet Morrison Contractors
        Attn: Leroy Guidry, CFO
        P.O. Box 3301
        Houma, LA 70361
        Phone: (985) 850-1203
        Email: lguidry@morrisonenergy.com

     7. Burner Fire Control
        Matthew Cruse
        P.O. Box 53482
        Lafayette, LA 70505
        Phone: (337) 237-4547
        Email: mdcruse@burnerfire.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors 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 MLCJR LLC

MLCJR LLC and its affiliates filed voluntary petitions for relief
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Texas Lead
Case No. 23-90324) on May 14, 2023. At the time of the filing,
MLCJR reported as much as $50,000 in assets and $100 million to
$500 million in liabilities.

Judge Christopher M. Lopez oversees the cases.

Jackson Walker, LLP and Latham & Watkins, LLP serve as the Debtors'
legal counsels. Kroll Restructuring Administration, LLC is the
claims, noticing, and solicitation agent.


NASHEF LLC: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Nashef LLC
        449 Mechanic Street
        Fitchburg, MA 01420

Chapter 11 Petition Date: May 31, 2023

Court: United States Bankruptcy Court
       District of Massachusetts

Case No.: 23-40418

Debtor's Counsel: James P. Ehrhard, Esq.
                  EHRHARD & ASSOCIATES, P.C.
                  250 Commercial Street
                  Suite 410
                  Worcester, MA 01608
                  Tel: 508-791-8411
                  Email: ehrhard@ehrhardlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eyad Nashef as manager.

The Debtor failed to include in the petition a list of its 20
largest unsecured creditors.

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

https://www.pacermonitor.com/view/3APDV4I/Nashef_LLC__mabke-23-40418__0001.0.pdf?mcid=tGE4TAMA


NEONATOLOGIST ASSOCIATES: Taps Hatillo Law Office as Counsel
------------------------------------------------------------
Neonatologist Associates, PSC seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Hatillo
Law Office, PSC to handle its Chapter 11 case.

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

     Jaime Rodriguez-Perez, Esq.  $250
     Paralegals                    $50
     Law Clerks                    $50

The firm received a retainer of $7,262 from the Debtor.

Jaime Rodriguez-Perez, Esq., a member of Hatillo Law Office,
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:

     Jaime Rodriguez-Perez, Esq.
     Hatillo Law Office, PSC
     P.O. Box 678
     Hatillo, PR 00659
     Telephone: (787) 262-4848
     Email: hatillolawoffice@yahoo.com

                   About Neonatologist Associates

Neonatologist Associates, PSC sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.P.R. Case No. 23-01393) on May
9, 2023, with as much as $1 million in both assets and liabilities.
Miguel A. Suarez Villamil, president of Neonatologist Associates,
signed the petition.

Judge Maria De Los Angeles Gonzalez oversees the case.

Jaime Rodriguez-Perez, Esq., at Hatillo Law Office, PSC serves as
the Debtor's counsel.


NUOVO CIAO-DI: Unsecureds to Get 0% in Creditor's Plan
------------------------------------------------------
DCC Vigilant, LLC filed with the U.S. Bankruptcy Court for the
Southern District of New York a Disclosure Statement with respect
to Plan of Liquidation for Nuovo Ciao-Di LLC dated May 23, 2023.

Debtor is owned by Ciao-Di Restaurant Corporation, which is owned
by several members of the Rainero family.

Debtor is the owner of certain real property located at 350-354 6th
Avenue, New York, New York 10011, known as Commercial Unit 1 a/k/a
1FLR ("1FLR") and Commercial Unit 2 a/k/a 2FLR ("2FLR")
(collectively, the "Premises"), in the premises known as 88
Washington Place Condominium (the "Condominium").

The Premises, a two-level, 16,121 SF retail condo, secures a loan
having a face amount of $15,850,000, of which $14,600,000 has been
advanced to date (the "Loan"). The Loan, initially between Debtor
and Argentic Real Estate Investment, LLC, matured on February 6,
2020 ("Maturity Date"). Debtor defaulted under the Loan by, among
other things, not paying the sums owed on the Maturity Date.

DCC is a creditor in this action as it is the owner by assignment
from Argentic and holder of a Consolidated, Amended and Restated
Promissory Note dated January 25, 2018, with a principal amount of
$15,850,000.

Debtor has had no tenants for 1FLR since 2019. Debtor has not had a
paying tenant for the 2FLR since 2020. Debtor has not paid any real
property taxes with respect to the Premises since 2018. Argentic
and DCC advanced funds to pay property taxes until 2022. Debtor has
not paid any Condominium fees or assessments since 2018. DCC
advanced funds to pay COA fees and assessments prior to the
Petition Date.

The Plan provides for the orderly liquidation of the Business
Assets of the Debtor and the distribution of the proceeds of the
liquidation of the Debtor's Business Assets according to the
priorities set forth in the Bankruptcy Code.

The Plan provides for time periods and procedures with respect to
the objections to and allowance of Claims, including (without
limitation) Administrative Claims. The time periods and procedures
are necessary to permit the Liquidating Trustee an adequate
opportunity to review, reconcile and resolve all Administrative
Claims filed against the Debtor's Estate.

Class 5 consists of General Unsecured Claims. Provided that the
Face Amount of all Administrative Claims, Priority Claims and
Miscellaneous Secured Claims have been paid in full or, to the
extent not paid in full, funds sufficient to satisfy the Face
Amount of all such Claims have been placed in a segregated reserve,
and subject to the occurrence of the Effective Date, on, or as soon
as reasonably practicable after, the earlier of (a) the
Distribution Date immediately following the date a General
Unsecured Claim becomes an Allowed General Unsecured Claim or (b)
the date that is 90 days after the date on which such General
Unsecured Claim becomes an Allowed General Unsecured Claim, each
Holder of an Allowed General Unsecured Claim shall receive from the
Liquidating Trustee, in full and final satisfaction, settlement and
release of and in exchange for such Allowed General Unsecured
Claim, its Pro Rata share of the Class 8 Distribution Amount, if
any, and, on each Periodic Distribution Date, each Holder of an
Allowed General Unsecured Claim shall receive its Pro Rata share of
the Class 8 Distribution Amount, if any.

Class 5 Claims are Impaired and are therefore entitled to vote on
the Plan. This Class will receive a distribution of 0% of their
allowed claims. The allowed unsecured claims total $23,000.

Class 6 consists of Deficiency Unsecured Claims of 88 Washington
Place Condominium and DCC. Provided that the Face Amount of all
Administrative Claims, Priority Claims, General Unsecured Claims
and Miscellaneous Secured Claims have been paid in full or, to the
extent not paid in full, funds sufficient to satisfy the Face
Amount of all such Claims have been placed in a segregated reserve,
and subject to the occurrence of the Effective Date, on, or as soon
as reasonably practicable after, the Distribution Date the Holder
of the Deficiency Unsecured Claims of 88 Washington Place
Condominium and DCC shall receive from the Liquidating Trustee, in
full and final satisfaction, settlement and release of and in
exchange for such Deficiency Unsecured Claims of 88 Washington
Place Condominium and DCC its Pro Rata share of the Class 5
Distribution Amount, if any, and, on each Periodic Distribution
Date, the Holder of the Deficiency Unsecured Claims of 88
Washington Place Condominium and DCC shall receive its Pro Rata
share of the Class 5 Distribution Amount, if any.

Class 6 Claims are Impaired and are entitled to vote on the Plan.
This Class will receive a distribution of 0% of their allowed
claims. The amount of claim in this Class total $5,000,000.

Class 8 consists of the legal, equitable, contractual, and other
rights of Debtor with respect to property of the Estate. In full
and final satisfaction, settlement and release of and in exchange
for any Claim of Debtor against the Estate, all Non-Business assets
of the Estate shall revest in Debtor on the Effective Date. Class 8
is Impaired and is entitled to vote on the Plan.

Upon the Effective Date, Debtor shall cause all their Business
Assets and the Business Assets of the Estate to be transferred to
the Liquidating Trust in accordance with this Plan. Upon transfer
of the Business Assets, Debtor shall have no further duties or
responsibilities in connection with the implementation of the Plan,
except as set forth in herein.

All Cash necessary for the Liquidating Trustee to make payments of
Cash pursuant to the Plan shall be obtained from the following
sources: (a) the Debtor's Cash on hand, which shall be transferred
to the Liquidating Trustee on the Effective Date, (b) the Security
Deposit, (c) Cash received in liquidation of the assets of the
Liquidating Trust and (d) proceeds of the Causes of Action.

A full-text copy of the Disclosure Statement dated May 23, 2023 is
available at https://urlcurt.com/u?l=pPoCkM from PacerMonitor.com
at no charge.

Counsel for DCC Vigilant:

     Jeremy S. Friedberg
     10045 Red Run Boulevard, Suite160
     Baltimore, MD 21117
     Telephone: (410) 581-7400
     Email: jeremy@friedberg.legal

                      About Nuovo Ciao-Di

Nuovo Ciao-Di LLC is the owner of certain real property located at
350-354 6th Avenue, New York, New York 10011, known as Commercial
Unit 1 a/k/a 1FLR and Commercial Unit 2 a/k/a 2FLR (collectively,
the "Premises"). The Debtor filed a petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
23-10068) on Jan. 20, 2023.  In the petition filed by Michael
Rainero, as manager, the Debtor reported assets and liabilities
between $10 million and $50 million each.

The Debtor is represented by H. Bruce Bronson, Jr., Esq. at Bronson
Law Offices, P.C.


OFFSHORE SPARS: Court OKs Cash Collateral Access Thru June 23
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Michigan in
Detroit authorized Offshore Spars Co. to use cash collateral in the
amount of $256,491 on an interim basis in accordance with the
budget, with a 10% variance, through June 23, 2023.

The Debtor requires funds to pay expenses in connection with
maintaining operations, including paying employees, continuing
production of current products, and providing service to its
customers.

The Debtor is indebted to Pathward NA under Promissory Notes
executed by the Debtor to the order of Lender:

     -- on January 26, 2022, for $1.750 million; and
     -- on September 20, 2022, for $350,000.

To the extent of any diminution in value of the pre-petition cash
collateral, Pathward is granted Replacement Liens as adequate
protection. The Replacement Liens will be on the Debtor's assets
which are created, acquired, or arise after Petition Date, but
limited to only those types and descriptions of collateral in which
Pathward held a pre-petition lien or security interest. The
Replacement Liens will have the same priority and validity as the
pre-petition security interest and liens. No liens are being
granted on any causes of action under Chapter 5 of the Bankruptcy
Code or the proceeds from such causes of action.

As additional adequate protection of Pathward's interests under 11
U.S.C. sections 361, 362 and 363(e), the Debtor will pay, or cause
to be paid, to Pathward $10,000 per month. The first payment will
be due on or before June 20, with subsequent monthly payments due
on the 20th day of each subsequent month.

A final hearing on the matter is set for June 14 at 11 a.m.

A copy of the order is available at https://urlcurt.com/u?l=Tg9UVW
from PacerMonitor.com.

                    About Offshore Spars Co.

Offshore Spars Co. was established in 1976 and its primary business
is designing and manufacturing carbon fiber and composite masts and
booms for the global superyacht market. Offshore Spars has
additional lines of business including replacement and service of
standing and running rigging for yachts, e-commerce, and carbon
fiber manufacturing for other industries, including the aerospace
and automotive industries.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 23-44657) on May 23,
2023. In the petition filed by Eric Graczyk, president, the Debtor
disclosed up to $50,000 in assets and up to $20 million in
liabilities.

Judge Thomas J. Tucker oversees the case.

Charles D. Bullock, Esq., at Stevenson & Bullock, P.L.C.,
represents the Debtor as legal counsel.



ONKAAR INC: Taps Law Offices of Gabriel Liberman as Counsel
-----------------------------------------------------------
Onkaar Inc. seeks approval from the U.S. Bankruptcy Court for the
Eastern District of California to employ the Law Offices of Gabriel
Liberman, APC to handle its Chapter 11 case.

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

     Gabriel E. Liberman, Esq.    $350
     Paraprofessionals            $150

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

The firm holds a retainer in the sum of $19,680 in its client-trust
account.

Mr. Liberman 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:

     Gabriel E. Liberman, Esq.
     Law Offices of Gabriel Liberman, APC
     1545 River Park Drive, Suite 530
     Sacramento, CA 95815
     Telephone: (916) 485-1111
     Facsimile: (916) 485-1111
     Email: Gabe@4851111.com

                        About Onkaar Inc.

Onkaar Inc., doing business as Chico Super Food Mart, owns gasoline
stations in Chico, Calif.

Onkaar filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D. Calif. Case No. 23-21315) on April 24,
2023, with as much as $50,000 in assets and $1 million to $10
million in liabilities. Walter Dahl, Esq., a partner at Dahl Law,
has been appointed as Subchapter V trustee.

Judge Christopher D. Jaime oversees the case.

Gabriel E. Liberman, Esq., at the Law Offices of Gabriel Liberman,
APC is the Debtor's counsel.


OSG BILLING: Audax Credit Marks $1.4M Loan at 23% Off
-----------------------------------------------------
Audax Credit BDC Inc has marked its $1,443,704 loan extended to OSG
Billing Services to market at $1,111,652 or 77% of the outstanding
amount, as of March 31, 2023, according to a disclosure contained
in Audax Credit's Form 10-Q for the Quarterly Period ended March
31, 2023, filed with the Securities and Exchange Commission.

Audax Credit is a participant in a Senior Secured Amended and
Restated Term A Loan to OSG Billing Services. The loan accrues
interest at a rate of 10.41% (SOFR + 5.50%), 1.50% Payment In Kind
per annum. The loan matures on June 26, 2026.

Audax Credit BDC Inc. is a Delaware corporation that was formed on
January 29, 2015. The Company is an externally managed, closed-end,
non-diversified management Investment Company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, effective with the
Company's taxable year ended December 31, 2015, the Company has
elected to be treated for federal income tax purposes and intends
to comply with the requirements to qualify annually, as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

OSG provides integrated customer communications solutions.


PANTHEON GASTRONOMY: Taps Lane Gorman Trubitt as Financial Advisor
------------------------------------------------------------------
Pantheon Gastronomy, LLC received approval from the U.S. Bankruptcy
Court for the Southern District of Georgia to employ Lane Gorman
Trubitt, LLC as its financial advisor.

The firm's services include:

     (a) review of financial-related disclosures required by the
court;

     (b) assessment and monitoring of the Debtor's short-term cash
flow, liquidity, and operating results;

     (c) review of the Debtor's proposed employee compensation and
benefits programs (if applicable);

     (d) review of the Debtor's potential disposition or
liquidation of both core and non-core assets (if applicable);

     (e) review of the Debtor's cost/benefit analysis with respect
to the assumption or rejection of various executory contracts and
leases;

     (f) review and monitoring of the asset sale process (if
applicable);

     (g) review of any tax issues;

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

     (i) review of other financial information prepared by the
Debtor;

     (j) attendance at meetings and assistance in discussions with
the Debtor, potential investors, banks, other secured lenders, the
U.S. Trustee, and other parties involved in the Debtor's Chapter 11
case;

     (k) review or preparation of information and analysis
necessary for the confirmation of a Chapter 11 plan and related
disclosure statement;

     (l) evaluation and analysis of avoidance actions; and

     (m) other general business consulting services.

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

     Partners   $325
     Director   $205

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

Chris Lang, a member of Lane Gorman Trubitt, 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:

     Chris Lang
     Lane Gorman Trubitt, LLC
     2626 Howell St., Ste. 700
     Dallas, TX 75204
     Phone: (214) 871-7500
     Fax: (214) 871-0011
     Email: askus@lgt-cpa.com

                     About Pantheon Gastronomy

Pantheon Gastronomy, LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Ga. Case No. 23-20137) on
April 4, 2023, with as much as $50,000 in assets and $100,001 to
$500,000 in liabilities. Judge Michele J. Kim presides over the
case.

The Debtor tapped Paul A. Schofield, Esq., at The Williams
Litigation Group, PC as legal counsel and Lane Gorman Trubitt, LLC
as financial advisor.


PAVERS INC: Seeks Approval to Hire Purple Wave as Auctioneer
------------------------------------------------------------
Pavers, Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Kansas to employ Purple Wave Auction to assist with the
sale of its equipment through a public online auction.

Purple Wave Auction will receive a listing fee of $100 per lot.

As disclosed in court filings, Purple Wave Auction and its staff do
not represent any interest adverse to the Debtor, the trustee, or
the estate.

The firm can be reached through:

     Tyler Peterson
     Purple Wave Auction
     825 Levee Drive
     Manhattan, KS 66502
     Email: tyler.peterson@purplewave.com

                      About Pavers Inc.

Pavers Inc. filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Kan. Case No. 22-40463) on Aug. 8, 2022,
with $1 million to $10 million in both assets and liabilities. Kent
L. Adams has been appointed as Subchapter V trustee.

Judge Dale L. Somers oversees the case.

The Debtor tapped David T. Prelle Eron, Esq., at Prelle Eron &
Bailey, PA as legal counsel; SMG Unlimited (Cherise Hughes) as
bookkeeper; and Pickel & Bruckner, LLC as accountant.


PHILLIPS SEABROOK: Gets OK to Hire EveryDay CPA as Accountant
-------------------------------------------------------------
Phillips, Seabrook & Wilson, LLC received approval from the U.S.
Bankruptcy Court for the Norther District of Georgia to employ
EveryDay CPA, Inc.

The Debtor requires an accountant to prepare and file tax returns
and provide tax advice during the pendency of its Chapter 11 case.

Kelly Coughlin, CPA, the accountant in this engagement, will be
paid the sum of $1,800 to prepare the 2022 tax returns and on an
hourly basis for tax advice.

Mr. Coughlin 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:

     Kelly Coughlin, CPA
     EveryDay CPA, Inc.
     901 SW Buchanan
     Topeka, KS 66606
     Telephone: (800) 432-9980
     Email: info@everydaycpa.com

                  About Phillips Seabrook & Wilson

Phillips, Seabrook & Wilson, LLC, a company in Lithonia Ga., filed
a petition for relief under Subchapter V of Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 22-60626) on Dec. 30,
2022, with $1 million to $10 million in both assets and
liabilities. Todd E. Hennings, Esq., at Macey, Wilensky & Hennings,
LLP has been appointed as Subchapter V trustee.

Judge Barbara Ellis-Monro oversees the case.

The Debtor tapped Howard D. Rothbloom, Esq., at The Rothbloom Law
Firm as bankruptcy counsel and Kelly Coughlin, CPA, at EveryDay
CPA, Inc. as accountant.


PILL CLUB PHARMACY: Seeks $5.5MM DIP Loan from TriplePoint
----------------------------------------------------------
Pill Club Pharmacy Holdings, LLC and affiliates ask the U.S.
Bankruptcy Court for the Northern District of Texas, Fort Worth
Division, for authority to use cash collateral and obtain secured
superpriority postpetition financing.

The Debtors seek to enter a $5.5 million DIP Term Sheet by and
among the Debtors, the lenders party thereto and TriplePoint
Venture Growth BDC Corp., as collateral agent under the DIP
Facility.

The Debtors are required to comply with these milestones:

     (a) The Debtors must file with the Bankruptcy Court the Bid
Procedures and Scheduling Motion, including an asset purchase
agreement for the Sale set forth in the Binding LOI in a form
approved by the DIP Agent, and such other first day papers as may
be approved or requested by the DIP Agent all of which will be in
form and substance acceptable to the DIP Agent.

     (b) The Bankruptcy Court must have entered an order approving
the Bid Procedures and Scheduling Motion

     (c) No later than May 26, 2023, the Debtors must file with the
Bankruptcy Court the DIP Motion, in form and substance acceptable
to the DIP Agent.

     (d) No later than 21 calendar days after the filing of the DIP
Motion, the Bankruptcy Court will have entered the DIP Order.

     (e) No later than June 2, 2023, will serve as the conclusion
of the deadline for competing bids, if any, pursuant to the Bid
Procedures Order.

     (f) No later than June 5, 2023, the Debtors must conduct an
auction (if necessary).

     (g) No later than June 7, 2023, the hearing to approve a Sale
pursuant to the Bid Procedures Motion must have concluded.

     (h) No later than June 8, 2023, the Bankruptcy Court must have
entered an order approving a Sale in form and substance acceptable
to the DIP Agent

     (i) No later June 14, 2023, a Sale, which has been approved by
the Sale Order, must have closed.

The DIP Loan will be used for (a) working capital and general
corporate purposes of the Debtors, (b) bankruptcy-related costs and
expenses, subject to a carve-out for U.S. trustee fees, fees
payable to the clerk of court, and allowed fees of bankruptcy
professionals, (c) costs and expenses related to the Sale, all in
accordance with the Approved Budget, and (d) any other purpose
agreed upon in the DIP Loan Documents.

The permitted uses will not include costs and expenses of the
Debtor Professionals (x) in excess of $50,000 related to Avoidance
Actions without the express written consent of the DIP Agent in its
sole discretion, or (y) in connection with the investigation,
initiation or prosecution of any claims, causes of action,
adversary proceedings or other litigation against the Prepetition
Secured Parties.

The Debtors require the use of cash collateral to continue its
operations.

As of the Petition Date, the Debtors have approximately $30 million
in aggregate principal amount of funded debt obligations.

On December 31, 2021, Hey Favor, Inc., as borrower and borrower
representative, The Pill Club Pharmacy Holdings, LLC, MedPro
Pharmacy, LLC, and MobiMeds, Inc., entered into the Plain English
Growth Capital Loan and Security Agreement with the lenders from
time to time party thereto and TriplePoint Venture Growth BDC
Corp., in its capacity as collateral agent for the Lenders. The
Prepetition Loan Agreement provided the Prepetition Borrowers with
a total funding commitment of $30 million to finance the general
corporate needs of the Prepetition Borrowers.

As adequate protection, the Prepetition TPC Agent, for the benefit
of the Prepetition TPC Secured Parties, will be granted a valid,
perfected security interest in and lien on all of the DIP
Collateral securing borrowings made under the Prepetition TPC Loan
Documents, subject to the Carve-Out and in an amount equal to the
aggregate diminution in value of its interests in the Prepetition
TPC Secured Parties' Collateral occurring on or after the Petition
Date.

The Prepetition Agent, for the benefit of the Prepetition TPC
Secured Parties, will be granted an allowed superpriority
administrative expense claim under 11 U.S.C. section 507(b).

The Debtors will reimburse, as adequate protection, the Prepetition
TPC Secured Parties' reasonable and documented professionals' fees
and expenses. In addition, the Debtors will pay, as adequate
protection, an amount that is equal to interest at the contractual,
non-default rate of interest provided under the Prepetition TPC
Loan Documents.

A hearing on the matter is set for June 9, 2023 at 9:30 a.m.

A copy of the motion is available at https://urlcurt.com/u?l=B7Ad46
from PacerMonitor.com.

               About The Pill Club Pharmacy Holdings

The Pill Club Pharmacy Holdings, LLC is a digital healthcare
platform.  The company says it is "on a mission to empower women
and people who menstruate to lead their healthiest lives." It
combines telemedicine and direct-to-consumer pharmacy.

Pill Club Pharmacy Holdings and its affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Texas
Lead Case No. 23-41090) on April 18, 2023. In the petition signed
by Elizabeth Meyerdirk, chief executive officer, the Debtors
disclosed up to $50,000 in assets and up to $50 million in
liabilities.

Judge Edward L. Morris oversees the cases.

The Debtors tapped Katherine A. Preston, Esq., at Winston and
Strawn, LLP as general bankruptcy counsel; Accordion Partners, LLC
as financial advisor; and BMC Group, Inc. as claims, noticing,
solicitation and administrative agent.

The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Akerman, LLP and Buchalter, A
Professional Corporation.



QST INGREDIENTS: Seeks Approval to Hire Davey Resource Group
------------------------------------------------------------
QST Ingredients and Packaging, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to employ Davey
Resource Group, Inc.

The Debtor needs the firm's assistance in connection with potential
environmental contamination at its plant located in Cookeville,
Tenn.; evaluate the potential presence of nitro-toluene and other
relevant compounds at the site; and undertake a preliminary
analysis of the regulatory status, risks to human health and the
environment, and potential remedies.

The firm will be paid at $75 to $265 per hour.

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

The firm can be reached at:

     David E. Jackson
     Davey Resource Group, Inc.
     1500 N Mantua St.
     Kent, OH 44240
     Tel: (800) 445-8733

                About Qst Ingredients And Packaging

QST Ingredients and Packaging, Inc. owns and operates a smoke
flavoring manufacturing business in Cookeville, Tenn.

QST Ingredients and Packaging sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 22-13383) on
Sept. 21, 2022. In the petition signed by its chief executive
officer, Marc Rinehart, Sr., the Debtor disclosed as much as $10
million in both assets and liabilities.

Judge Mike K. Nakagawa oversees the case.

Ryan Andersen, Esq., at Andersen Law Firm, Ltd. and Butler Snow,
LLP serve as the Debtor's bankruptcy counsel and special counsel,
respectively.


QST INGREDIENTS: Seeks to Hire Butler Snow as Special Counsel
-------------------------------------------------------------
Qst Ingredients and Packaging, Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to employ Butler Snow,
LLP as special counsel.

The Debtor needs the firm's legal assistance in connection with the
Tennessee Department of Environment and Conservation's Voluntary
Cleanup, Oversight, and Assistance Program to pursue available
liability protections or otherwise seek to obtain regulatory
closure for the purpose of limiting liability from the state and
ensuring proper remediation and mitigation for continued use.

The firm will be paid at these rates:

     B. Hart Knight     $520 per hour
     Katherine Barnes   $480 per hour
     Gary Rikard        $630 per hour
     Paralegals         $270 per hour

B. Hart Knight, Esq., a partner at Butler Snow, disclosed in a
court filing that the firm is a "disinterested person" pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     B. Hart Knight, Esq.
     Butler Snow, LLP
     150 3rd Avenue South, Suite 1600
     Nashville, TN 37201
     Tel: (615) 651-6736
     Fax: (615) 651-6701
     Email: hart.knight@butlersnow.com

                About Qst Ingredients And Packaging

QST Ingredients and Packaging, Inc. owns and operates a smoke
flavoring manufacturing business in Cookeville, Tenn.

QST Ingredients and Packaging sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Nev. Case No. 22-13383) on
Sept. 21, 2022. In the petition signed by its chief executive
officer, Marc Rinehart, Sr., the Debtor disclosed as much as $10
million in both assets and liabilities.

Judge Mike K. Nakagawa oversees the case.

Ryan Andersen, Esq., at Andersen Law Firm, Ltd. and Butler Snow,
LLP serve as the Debtor's bankruptcy counsel and special counsel,
respectively.


R & E PETROLEUM: Seeks to Hire Patrick Gros CPA APAC as Accountant
------------------------------------------------------------------
R & E Petroleum, LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of Louisiana to employ Patrick Gros CPA,
APAC.

The Debtor requires an accountant to prepare its monthly operating
reports and provide general accounting and financial advisory
services.

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

     Partner   $250
     Manager   $175
     Seniors   $140
     Staff      $95

In addition, the firm will seek reimbursement for expenses
incurred.
     
Patrick Gros, CPA, 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:

     Patrick Gros, CPA
     Patrick Gros CPA, APAC
     651 River Highlands Blvd.
     Covington, LA 70433
     Telephone: (985) 898-3512
     Email: info@PJGrosCPA.com

                      About R & E Petroleum

R & E Petroleum, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. La. Case No. 22-11087) on Sept. 20,
2022, with up to $50,000 in assets and up to $1 million in
liabilities. Ragheb Chaar, manager and member, signed the
petition.

Judge Meredith S. Grabill oversees the case.

The Debtor tapped Leo D. Congeni, Esq., at Congeni Law Firm, LLC as
bankruptcy counsel and Patrick Gros, CPA as accountant.


RACOLE EXTENSIONS: Unsecureds Will Get 10% of Claims in Plan
------------------------------------------------------------
Racole Extensions, L C, filed with the U.S. Bankruptcy Court for
the District of Maryland a Subchapter V Plan dated May 23, 2023.

The Debtor is a Maryland company which operates a Retail Hair Salon
in Annapolis, Maryland. La'Sonia Nick-McGriff and Kaisee Matthews
are the owners of the business.

The current ownership is, as listed in the corporate ownership, is
50% for La'Sonia NickMcGriff and 50% for Kaisee Matthews. La'Sonia
maintains the day-to-day business of the salon, while Kaisee is a
silent partner.

The Debtor has only been able to operate during the last year and
had fallen behind on her rent before even opening her location.
Since the Debtor has been open the business has been trying to
resolve issues with the Landlord who has filed eviction proceedings
against the Debtor. Post-petition the Debtor has been paying her
rent albeit a little late each month.

The space occupied by the Debtor is not a typical walk-in space and
is usually by appointment only. Practically speaking, if the
principal of the Debtor is not working the business is not making
money. The principal, however, has plans to add contractors to be
able to rent space from her that should help support the Debtor
making rent payments and the proposed payments through the Plan.

During the term of this Plan, the Debtor shall submit the
disposable income necessary to the creditors and shall pay the
creditors the sums set forth herein. The term of this Plan begins
on the date of confirmation of this Plan and ends on the 36th month
subsequent to that date.

The value of the property to be distributed under the Plan during
the term of the Plan is not less than the Debtor's projected
disposable income for that same period. Unsecured creditors holding
allowed claims will receive distributions, which the Debtor has
valued at approximately $0.10 cents on the dollar. The Plan also
provides for the payment of secured, administrative, and priority
claims in accordance with the Bankruptcy Code.

Class 5 consists of Unsecured Creditors in the amount of $5,461.61.
This Class will receive a distribution of 10% of their allowed
claims. This Class is impaired.

The Debtor and its principal propose to use income from its
business to be able to fund the proceeds necessary to pay Annapolis
Mall Owner, LLLC (the "Landlord"). The Debtor will be making its
monthly rent payment to the Landlord beginning pre-petition on
February 1, 2023, and continuing through the term of the Plan,
including confirmation of the Plan, to the conclusion of the Plan
payments

The monthly budgeted rent payment to the Landlord is part of the
attached projections of the Debtor. This rent includes a base rent
of $0.00 plus common area maintenance, marketing fee, and real
estate taxes.

A full-text copy of the Subchapter V Plan dated May 23, 2023 is
available at https://urlcurt.com/u?l=15Vfk4 from PacerMonitor.com
at no charge.

Attorneys for Debtor:

     Daniel Alan Staeven, Esq.
     Frost & Associates, LLC
     839 Bestgate Rd. Ste. 400
     Annapolis, MD 21401
     Phone: 410-497-5947
     Email: daniel.staeven@frosttaxlaw.com

                   About Racole Extensions

Racole Extensions, LC is a Maryland company which operates a Retail
Hair Salon in Annapolis, Maryland. The Debtor filed a Chapter 11
bankruptcy petition (Bankr. D. Md. Case No. 23-11165) on Feb. 22,
2023, with $100,001 to $500,000 in both assets and liabilities.
Judge David E. Rice oversees the case.

Daniel Alan Staeven, Esq., at Frost & Associates, LLC is the
Debtor's legal counsel.


RAW INDULGENCE: Seeks to Hire Klinger & Klinger as Accountant
-------------------------------------------------------------
Raw Indulgence, Ltd. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Klinger & Klinger,
LLP as its accountant.

The Debtor requires an accountant to:

     (a) identify and facilitate the Debtor's restructuring
options, assist in exploring strategic alternatives, and assist in
navigating a bankruptcy process, as needed;

     (b) assist the Debtor in the preparation of short and
long-term projections (balance sheet, profit and loss, and cash
flows);

     (c) assist the Debtor in the preparation of financial-related
disclosures required by the bankruptcy court;

     (d) institute procedures to ensure the safekeeping and
security of the Debtor's assets;

     (e) assist the Debtor in resolving vendor issues;

     (f) assist the Debtor with information and analyses requested
by parties involved in its Chapter 11 case or required pursuant to
its cash collateral arrangements;

     (g) assist the Debtor in the preparation of financial
statements;

     (h) prepare financial statements and other reports as may be
required by the court or under the United States Trustee
Guidelines;

     (i) administer the accounting and financial advisory
services;

     (j) assist the Debtor in daily administrative and operational
duties;

     (k) prepare and validate updated and rolling 13-week cash flow
projections; and

     (l) render other general consulting services.

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

     Partner              $400
     Staff Accountant     $325
     Paraprofessional     $125

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

Lee Klinger, a member of Klinger & Klinger, 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:

     Lee Klinger
     Klinger & Klinger, LLP
     370 Lexington Avenue, Suite 2008
     New York, NY 10017
     Telephone: (212) 661-6200

                        About Raw Indulgence

Raw Indulgence, Ltd. is a protein bar manufacturer in Elmsford,
N.Y.

Raw Indulgence filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 23-22350) on May 8, 2023.
In the petition filed by its chief executive officer, Alice
Benedetto, the Debtor disclosed $708,412 in assets and $3,888,567
in liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Robert L. Rattet, Esq., at Davidoff Hutcher &
Citron, LLP as bankruptcy counsel and Klinger & Klinger, LLP as
accountant.


RAW INDULGENCE: Seeks to Tap Davidoff Hutcher & Citron as Counsel
-----------------------------------------------------------------
Raw Indulgence, Ltd. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to employ Davidoff Hutcher &
Citron LLP as its counsel.

The firm will render these services:

     (a) advise the Debtor with respect to its powers and duties in
the continued management of its property and affairs;

     (b) negotiate with creditors of the Debtor and work out a plan
of reorganization and take the necessary legal steps in order to
effectuate such a plan;

     (c) prepare legal papers;

     (d) appear before the bankruptcy court;

     (e) attend meetings and negotiate with representatives of
creditors and other parties involved in the Debtor's Chapter 11
case;

     (f) advise the Debtor in connection with any potential
refinancing of secured debt and any potential sale of the
business;

     (g) represent the Debtor in connection with obtaining
post-petition financing;

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

     (i) perform all other legal services for the Debtor which may
be necessary for the preservation of its estate.

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

     Attorneys         $450 - $775
     Paraprofessionals $195 - $260

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

Robert Rattet, Esq., an attorney at Davidoff Hutcher & Citron,
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:

     Robert L. Rattet, Esq.
     Davidoff Hutcher & Citron, LLP
     120 Bloomingdale Road, Suite 100
     White Plains, NY 10605
     Telephone: (212) 557-7200
     Facsimile: (212) 286-1884
     Email: rlr@dhclegal.com

                        About Raw Indulgence

Raw Indulgence, Ltd. is a protein bar manufacturer in Elmsford,
N.Y.

Raw Indulgence filed a petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 23-22350) on May 8, 2023.
In the petition filed by its chief executive officer, Alice
Benedetto, the Debtor disclosed $708,412 in assets and $3,888,567
in liabilities.

Judge Sean H. Lane oversees the case.

The Debtor tapped Robert L. Rattet, Esq., at Davidoff Hutcher &
Citron, LLP as bankruptcy counsel and Klinger & Klinger, LLP as
accountant.


REYNOLDS CONSUMER: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
-------------------------------------------------------------------
Fitch Ratings has affirmed Reynolds Consumer Products LLC
(Reynolds) and Reynolds Consumer Products Inc.'s Long-Term Issuer
Default Rating (IDR) at 'BB+' and the 'BBB-'/'RR1' rating on its
first lien secured facilities, including its revolving credit
facility and term loan. The Rating Outlook is Stable.

Reynolds' rating reflects its leading market position in the
categories in which it participates, its strong innovation
pipeline, and Fitch's expectation that Reynolds' EBITDA leverage
(total debt/EBITDA) will be in the low to mid 3x range over the
next 24 months versus 3.8x in 2022 driven by EBITDA improvements
and debt repayment.

Pricing actions taken in 2022 combined with improved operations in
the company's Cooking & Baking segment should drive improvements in
margin and cash flow in 2023, supporting the company's ability to
reduce debt and continue investing in the business.

KEY RATING DRIVERS

Leading U.S. Market Share, Category Innovator: Reynolds holds a
number one or two U.S. market share position in the majority of
product categories in which it participates. Most notably, the
company has the largest market share in the consumer aluminum foil
markets in both the U.S. and Canada. The company leverages its
suite of both branded and private label offerings, allowing it to
maintain an integral, prominent, and defensible shelf space
position with its retail partners. The company has three main
product groups: waste and storage (around 40% of 2022 sales),
cooking products (around 34%), and tableware (around 26%).

Over 65% of Reynolds' 2022 revenue was attributed to products where
the company held the leading market share position in the category.
Reynolds has also been an innovation leader within the general
industry, particularly for a mature market with high levels of
competition, through the introduction of several refreshes and
value-added features to traditional products to address consumer
needs.

Limited Diversification and Scale: Relative to investment-grade
peers, Reynolds' smaller scale and diversification results in
reduced ability to navigate macro-economic or idiosyncratic
challenges. Reynolds, whose performance is largely driven by two
brands (Reynolds and Hefty), lacks the size and breadth of
portfolio to that of larger consumer goods companies with more
diversified portfolios that may include cleaning agents, personal
care, and health and wellness segments.

Reynolds' scale, measured by EBITDA, supports its 'BB+' rating;
however, at EBITDA of around $600 million forecast for 2023, it is
smaller than what Fitch would expect for an investment-grade
consumer goods company.

Flat Sales in 2023: Reynolds experienced a surge in demand across
all segments during the pandemic, driven by increased consumption
at home. Growth between 2020 and 2022 averaged 8% annually, driven
primarily by volume increases in 2020 and pricing actions to offset
inflation in 2021/2022. Fitch expects sales could be flat in 2023,
as the impact of pricing actions taken in 2022 offsets volume
declines from elasticity and as consumers return toward
pre-pandemic levels of activity outside of the home.

Over the medium term, Reynolds could sustain revenue in the high $3
billion to low $4 billion range on low single digit organic growth,
compared with revenue of around $3 billion in 2019.

Improving EBITDA: Reynolds' EBITDA could grow to around $600
million in 2023, on margins in the mid 15% range, up from EBITDA of
around $558 million in 2022 (14.6% EBITDA margin). This compares
with EBITDA of approximately $660 million at 21.7% margins in 2019.
The impact of pricing actions in 2022 should cover inflationary
pressures the company has been facing and support margin
improvement in 2023, with several segments already recovering
toward pre-pandemic profitability on a dollar value basis.

The company experienced challenges in its Cooking & Baking segment
in the second half of 2022 and early 2023; however, Fitch believes
that the company has largely corrected the issues. EBITDA could
recover to pre-pandemic levels of around $650 million in 2024/2025,
but Fitch does not anticipate a return to pre-pandemic margins in
the near-to-medium term given higher cost structures, increased
promotional activity and ongoing reinvestments in the business.

Deleveraging Capacity, Articulated Financial Policy: Fitch expects
FCF in 2023 to be in the mid $100 million range, supported by
working capital improvements, after FCF outflow of $23 million in
2021 and $101 million in 2022. FCF is expected to be in the $100
million to $150 million range thereafter. FCF could be used toward
debt repayment, further reinvestment in the business and tuck in
acquisitions.

Fitch expects that the company's EBITDA leverage could decline from
3.8x in 2022 to the mid 3x area in 2023 and toward the low 3x range
thereafter given strong cash flows and EBITDA recovery. Reynolds
has consistently de-levered since emerging from its 2020 IPO;
through 2020 and 2021, the company made $300 million of voluntary
term loan prepayment, demonstrating both willingness and capacity
to delever toward its post-IPO commitment of a net debt leverage
target of 2.0x to 2.5x, which translates to Fitch-calculated gross
leverage (total debt/EBITDA) of about 2.5x to 3.0x.

Parent Subsidiary Linkage: Fitch's analysis includes a weak
parent/strong subsidiary approach between the parent and its
subsidiary Reynolds Consumer Products, LLC. Fitch assesses the
quality of the overall linkage as high that results in an
equalization of IDRs across the corporate structure.

DERIVATION SUMMARY

Reynolds' 'BB+'/Stable rating reflects its leading market position
in the categories in which it participates, its strong innovation
pipeline, and Fitch's expectation that Reynolds will reduce
Fitch-calculated leverage (total debt/EBITDA) to the low-3x area
over the next 24 months, given strong cash flows and EBITDA
recovery. The company's exposure to raw material prices as well as
weakness in the Cooking & Baking segment resulted in recent
earnings volatility and a meaningful contraction in its margins.
Fitch expects EBITDA margins to recover gradually to the 16% level
by 2024, with price increases and easing of commodity pressures.
The rating also considers Reynolds' limited scale and
diversification compared against its larger, well capitalized CPG
competitors.

Similarly rated credits in Fitch's consumer portfolio include
Newell Brands Inc (Newell; BB-/Negative), Levi Strauss & Co. (Levi;
BB+/Stable), Tempur Sealy International Inc. (Tempur Sealy;
BB+/RWN), ACCO Brands Corporation (ACCO; BB/Stable), and Central
Garden & Pet Company (Central; BB/Stable). Reynolds' scale,
measured by EBITDA, is larger than ACCO and Central, but smaller
than Newell, Levi and Tempur Sealy, while leverage could be higher
than Levi, in line with Central, and lower than ACCO, Newell and
Tempur Sealy.

KEY ASSUMPTIONS

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

- 2023 sales are expected to be flat compared with 2022, with
pricing increases largely offsetting volume declines. Growth could
be in the low-single-digit range thereafter, given its low-growth,
mature markets;

- EBITDA is expected to be around $600 million in 2023 versus $558
million in 2022. The impact of pricing actions to combat
inflationary pressures and recovery in the Cooking & Baking segment
could support EBITDA margins expanding to the mid 15% range in 2023
compared with around 14.6% in 2022. Margins could improve to the
16%-17% range in 2024 and thereafter;

- 2023 FCF could be in the mid $100 million range in 2023, driven
by EBITDA improvement and improved working capital. FCF generation
over 2024-2026 to be strong at approximately $100 million to $150
million annually, supported by EBITDA recovery, reflecting capex in
the range of 3%-4% of sales and annual dividends of around $200
million. Fitch expects Reynolds could deploy cash toward debt
repayment, reinvestment in business to support organic growth, and
bolt-on acquisitions;

- Leverage (total debt/EBITDA) is anticipated to decline to the
mid-3x range in 2023 on EBITDA improvement and debt pay down.
Leverage could decline toward the low 3x range in 2024, supported
by EBITDA growth and debt repayment;

- Base interest rates in the 550bps to 400bps range across the
rating horizon, with annual interest expense offset by the
company's interest rate hedges.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

- An upgrade could be considered if the company exhibited low
single digit organic growth such that EBITDA approached $700
million, with gross EBITDA-leverage sustained below 3.0x;

- Alternatively, should Reynolds undertake portfolio actions that
materially increased scale above $1 billion in EBITDA, Fitch could
upgrade Reynolds to 'BBB-' if EBITDA-leverage is sustained under
3.5x.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

- EBITDA-leverage sustained above 4.0x as a result of financial
performance below Fitch's expectations yielding EBITDA sustained in
the low $500 million range;

- A change in financial policy or a transformative debt-funded
acquisition absent a clear path to deleveraging to below 4.0x
within 24 months of acquisition close could also lead to negative
rating actions.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: As of March 31, 2023, Reynolds had total
liquidity of $293 million, including cash and cash equivalents of
$50 million and $243 million available under its $250 million
secured revolving credit facility due in February 2025, net of $7
million of LOCs outstanding.

In addition to the revolver, the company's capital structure
includes a $2.475 billion first lien secured term loan facility
maturing in February 2027. The Term Loan Facility amortizes in
equal quarterly instalments of $6 million. Through 2020 and 2021,
the company made a total voluntary prepayment of $300 million
toward the term loan, and $24 million quarterly payments in 2022,
leaving approximately $2.1 billion in principal remaining as of
Mar. 31, 2023.

Reynolds' term loan and revolver are guaranteed by wholly owned
domestic subsidiaries as well as Reynold Consumer Products Inc.,
and secured by a first priority pledge of all equity interests held
by the borrower and guarantors, and priority security interest in
all other assets.

Recovery Considerations: Fitch has assigned Recovery Ratings (RRs)
to the various debt tranches in accordance with Fitch criteria,
which allows for the assignment of RRs for issuers with IDRs in the
'BB' category. Given the distance to default, RRs in the 'BB'
category are not computed by bespoke analysis. Instead, they serve
as a label to reflect an estimate of the risk of these instruments
relative to other instruments in the entity's capital structure.
Fitch has assigned the first-lien credit facilities (term loan and
revolver) a 'BBB-'/'RR1' rating, indicating outstanding recovery
prospects post default.

ISSUER PROFILE

Reynolds produces and sells cooking products, waste and storage
products, and tableware under brands such as Reynolds and Hefty as
well as store brands. The product portfolio includes aluminum foil,
wraps, disposable bakeware, trash bags, food storage bags and
disposable tableware.

SUMMARY OF FINANCIAL ADJUSTMENTS

Historical and projected EBITDA is adjusted to add back non-cash
stock-based compensation and exclude non-recurring charges.

ESG CONSIDERATIONS

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

   Entity/Debt             Rating        Recovery   Prior
   -----------             ------        --------   -----
Reynolds Consumer
Products LLC        LT IDR BB+  Affirmed              BB+

   senior secured   LT     BBB- Affirmed    RR1      BBB-

Reynolds Consumer
Products Inc.       LT IDR BB+  Affirmed              BB+


ROBBIN'S NEST: Seeks Approval to Hire Total Sum as Bookkeeper
-------------------------------------------------------------
Robbin's Nest for Children, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Texas to employ Total
Sum, LLC as bookkeeper.

The firm will render these services:

     (a) assimilation of data necessary to provide a Quickbooks
online company file;

     (b) bookkeeping of income and expenses;

     (c) preparation of monthly operating reporting; and

     (d) any other business services directly related to the
Debtor's Chapter 11 case.

Total Sum charges a monthly fee of $250 for its services.

Karyn Andersen, a member of Total Sum, disclosed in a court filing
that the firm is a "disinterested person" as defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Karyn Andersen
     Total Sum, LLC
     316 W. Polk St.
     Livingston, TX 77351
     Telephone: (936) 337-0660
     Email: info@total-sum.com

                 About Robbin's Nest for Children

Robbin's Nest for Children, LLC filed a Chapter 11 bankruptcy
petition (Bankr. S.D. Texas Case No. 23-30735) on March 3, 2023,
with as much as $1 million in both assets and liabilities. Judge
Jeffrey P. Norman oversees the case.

The Debtor tapped Margaret M. McClure, Esq., as legal counsel and
Karyn Andersen of Total Sum, LLC as bookkeeper.


ROCKIES EXPRESS: Fitch Affirms LongTerm IDR at BB+, Outlook Stable
------------------------------------------------------------------
Fitch Ratings has affirmed Rockies Express Pipeline LLC's (ROCKIE)
Long-Term Issuer Default Rating (IDR) at 'BB+' and Senior Unsecured
Debt Rating at 'BB+'/'RR4'. The Rating Outlook is Stable.

The ratings reflect ROCKIE's highly contracted revenue profile with
long-term take-or-pay contracts driving over 95% of the company's
cash flows; High capacity utilization with daily average of over
90% of its Clarington to Mississippi river segment which accounts
for more than 70% of the EBITDA, demonstrating demand for the
pipeline; Intact and stable credit quality of its top customers
which drive over 60% of the EBITDA; and the company's efforts in
growing its demand-pull volumes.

The contract cliff in 2024 is a concern, when ROCKIE's most
remunerative contract along with some smaller contracts expire;
which is somewhat offset by the company's demonstrated ability to
obtain new contracts for the expiring capacity, and potential
growth initiatives.

KEY RATING DRIVERS

Pipeline Capacity in Demand: ROCKIE's most important segment is the
Zone 3 which takes Appalachia gas from Clarington, Ohio in the east
to Mississippi river in the west. This segment is responsible for
driving majority of the company's EBITDA. The Zone 3 east-to-west
capacity of over 2.6 bcf/d is fully contracted with long-term
take-or-pay contracts and remaining weighted average life of
roughly 10 years. This zone continues to run at a high utilization
rate at a daily average of nearly 90%, and often reaching 100%
utilization during peak delivery days.

ROCKIE has added new contracts and extended existing contracts on
this segment in the past one-year, further demonstrating its value.
Fitch expects this segment to continue operating at high
utilization rate in the medium term. ROCKIE's other two zones are
also fairly contracted and utilized.

Counterparty Credit Quality Intact: ROCKIE's customer credit
quality largely remained intact in the last 12 months despite
softening of commodity prices. One of ROCKIE's top customers was
upgraded one-notch to an investment grade rating in the last 12
months and another was put on Positive Outlook. However, the
weighted average (by volume) credit rating of its top four
customers continues to remain intact. These top customers are
expected to drive over 60% of the company's EBITDA.

ROCKIE's east-end customers (shipping east-to-west) drive majority
of the company's EBITDA; though their weighted average credit
profile has improved, it continues to be non-investment grade,
leaving ROCKIE exposed to the risk of a sizeable customer
exhibiting signs of financial distress. Fitch anticipates credit
quality of ROCKIE's top customers to remain intact in the
near-term.

Leverage Increasing in 2024: ROCKIE's most remunerative contract
along with some small other contracts expire in mid-2024 creating a
"cliff". Fitch acknowledges, the company in the past has
successfully re-contracted its expiring capacity and continues to
add new contracts along with extending existing contracts. Fitch
expects ROCKIE will be able to re-contract majority of its expiring
capacity at rates consistent with recent contract wins by the
company in the last 12 months, and estimates ROCKIE's leverage in
2024 and 2025 will be approximately 4.7x. This is an important
factor to consider given the revolver and senior unsecured debt
maturities in 2024 and 2025 respectively. Fitch expects ROCKIE will
be able to extend the maturity on its revolver and refinance the
senior unsecured debt prudently.

Growth Initiatives: One of Rockies owners, Tallgrass Energy
Partners (Tallgrass; BB-/Stable) in May 2022 had announced its
plans to convert the Trailblazer natural gas pipeline owned by
Tallgrass, into CO2 transportation pipeline to capture CO2
emissions from Archer-Daniels-Midland's (NYSE: ADM) corn processing
facility in Nebraska and transport it to Tallgrass' Eastern Wyoming
Sequestration Hub. As a result, some of Trailblazer's natural gas
volume is expected to move onto ROCKIE under a capacity lease
agreement. The project is moving towards final investment decision,
and if completed, is expected to come online in 1H25. Fitch views
this as an important factor to be considered given the 2024
contract cliff.

Increasing Demand Pull Volumes: ROCKIE has been consistently
increasing its demand load deliveries in the past decade at a CAGR
of approximately 13%; demonstrating some transition toward a
demand-pull model. "Demand-pull" system is driven by customers
focused on service reliability with consistent natural gas needs.
ROCKIE's demand connections include LDC/utilities, power
generation, and industrial/commercial companies which are generally
considered "sticky" and credit worthy.

ROCKIE has added new demand connections in the past one-year; and
Fitch expects the company will continue growing its demand load
deliveries in the medium term. Fitch generally views natural gas
pipelines with demand-pull characteristics as lower risk compared
to supply-push pipelines which serve E&P companies.

DERIVATION SUMMARY

The majority of ROCKIE's EBITDA comes from long-term take-or-pay
contracts. In Fitch's universe of 'BB' rated midstream issuers that
have long-term, i.e., approximately 10-years of take-or-pay
contracts, Sunoco, LP (SUN; BB+/Stable) is the best comparable for
ROCKIE.

Approximately 25% of SUN's volume is taken by a subsidiary of
7-Eleven, Inc. under a long-term take-or-pay contract with
approximately 11 years of remaining life. In addition, SUN's
resilient business has helped it generate stable cash flows. Fitch
in August 2022 upgraded SUN one-notch based of the expectation of
lower leverage of around or under 4.2x over Fitch's forecast
period. Fitch expects ROCKIE's leverage to be approximately 3.8x in
2023 rising to approximately 4.7x in 2024-2025.

ROCKIE has higher contract coverage generating more cash flows
under long-term contract compared to SUN. However, ROCKIE's higher
contract coverage is offset by increase in leverage in 2024-2025 by
more than roughly half a turn relative to SUN. Therefore, both the
companies have similar IDRs.

KEY ASSUMPTIONS

- West-end and east-end re-contracting for a large contract and
other small contracts expiring 2023-2025, will obtain rates similar
to recent contract wins in the respective ends;

- A probabilistic estimate of successful growth projects;

- Capital expenditure consistent with historical range including
minimal maintenance and growth capital;

- Cash flow after interest and capital expenditure is distributed
to the owners while maintaining minimal cash balance;

- Base interest rate for the credit facility reflects the Fitch
Global Economic Outlook, e.g., 5.5% for 2023 and 4% for 2024;

- Extension of revolving credit facility and timely refinancing of
senior unsecured debt maturing in 2024 and 2025 respectively;

- Fitch price deck of natural gas at Henry Hub of $3.5/Mcf in 2024
and $3.0/Mcf in 2025.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

- EBITDA leverage of at or below 4.3x in 2025 and after;

- A weighted average (by volume) shipper rating of 'BB+' for its
four large customers shipping east-to-west.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

- EBITDA leverage of above 5.1x forecasted on a sustained basis;

- One of the top four customers approaching a distressed financial
condition (e.g., showing weak access to capital markets; or a
collection of smaller companies being in a similar condition).

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: As of March 31, 2023, the company had a total
of approximately $158 million in liquidity. ROCKIE had
approximately $8 million of cash on the balance sheet and a fully
available $150 million senior unsecured revolver. The revolver
matures on Nov. 18, 2024. The revolver includes a $75 million
sublimit for letters of credit and a $20 million sublimit for swing
line loans and may be used for working capital and general company
purposes.

As defined in the credit facility, the financial covenants permit a
maximum leverage of 5.0x. ROCKIE had a leverage ratio of 3.35x as
of March 31, 2023 (under the bank defined credit agreement).
ROCKIE's next debt maturity is the $400 million 3.6% senior
unsecured notes due May 15, 2025.

Fitch projects ROCKIE's free cash flow net of dividends will be a
modest amount, notwithstanding the company's flexible dividend
amount policy. Fitch notes, that ROCKIE may try to refinance the
2025 notes proactively, which would then roughly coincide with the
contract cliff. Fitch believes a proactive extension of the
revolver and the 2025 notes would be credit positive. While Fitch
does not expect ROCKIE to utilize a material portion of the
revolver, it does acknowledge that east-bound service opportunity
into the west could catalyze a sudden capex need which might
require revolver draws.

ISSUER PROFILE

ROCKIE transports natural gas. ROCKIE's pipeline system stretches
from Ohio to Wyoming. The company is regulated by the Federal
Energy Regulatory Commission of the federal government.

SUMMARY OF FINANCIAL ADJUSTMENTS

A financial adjustment is made pertaining to revenues for contracts
with Ovintiv Inc. (Ovintiv) and EQT Corporation. A few years ago,
Ovintiv reduced its contractual rate paid to ROCKIE from a flat
rate to a variable rate, and ROCKIE added a new contract with EQT
in the latter half of 2021 which also has a variable rate. Under
accounting rules, ROCKIE is required to recognize an approximately
level amount of revenue from these contracts.

For the Ovintiv contract, in the early years, more revenue was
booked than cash was received. Now, and in the future till the
contract expires, more cash is received than revenue is booked.
Whereas, with the EQT contract its vice-versa where currently more
revenue is booked than cash received and from 2025 onwards more
cash will be received than revenue booked. Accordingly, Fitch
adjusted the EBITDA in the time periods 2022-2026 inclusive of the
difference between cash and revenue in these contracts.

ESG CONSIDERATIONS

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

   Entity/Debt             Rating        Recovery   Prior
   -----------             ------        --------   -----
Rockies Express
Pipeline LLC       LT IDR BB+  Affirmed               BB+

   senior
   unsecured       LT     BB+  Affirmed     RR4       BB+


RSA SECURITY: Hancock Park Marks $1M Loan at 42% Off
----------------------------------------------------
Hancock Park Corporate Income, Inc has marked its $1,000,000 loan
extended to RSA Security to market at $582,145 or 58% of the
outstanding amount, as of March 31, 2023, according to a disclosure
contained in Hancock Park's Form 10-Q for the Quarterly Period
ended March 31, 2023, filed with the Securities and Exchange
Commission.

Hancock Park marked the loan to market at $752,712 or 75% of the
outstanding amount, as of December 31, 2022.

Hancock Park is a participant in a Senior Secured Loan to RSA
Security. The loan accrues interest at a rate of 12.56% (L + 7.75%)
per annum. The loan matures on April 27, 2029.

Hancock Park Corporate Income, Inc. is a Maryland corporation
formed on December 8, 2015 as an externally managed,
non-diversified, closed-end investment company. The Company has
elected to be regulated as a business development company under the
Investment Company Act of 1940, as amended; and as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

RSA Security was a carve-out from Dell Technologies that operates
with four distinct products -- SecurID and NetWitness in the
Cybersecurity category, and Archer and Fraud & Risk Intelligence
(OutSeer) in Risk Management category. RSA was founded in 1982 and
was acquired by Dell as part of the EMC transaction in 2016. RSA
Security is the most widely recognized cybersecurity and risk
management vendor in the market.


SAS AB: Norske SAS-Flygeres Seeks Appointment to Committee
----------------------------------------------------------
Norske SAS-flygeres Forening filed a motion with the U.S.
Bankruptcy Court for the Southern District of New York seeking its
appointment to the official committee of unsecured creditors in the
Chapter 11 cases of SAS AB and its affiliates.

Attorney for Norske, William Wilder, Esq., at Wilder Law Group,
PLLC, said the appointment of Norske would place a Scandinavian
creditor on the unsecured creditors' committee, which currently
does not have a Scandinavian member.

"Since a Chapter 11 plan of reorganization must be subject to a
subsequent proceeding in Sweden under Swedish reorganization law,
the U.S. trustee should ensure representation of Scandinavian
creditors on the committee," the attorney said in the motion.

"[Norske] has standing as an unsecured creditor of SAS under an
approved claim along with other pilot unions," Mr. Wilder said,
adding that representation of employees and Scandinavian creditors
in the companies' home countries, who are currently unrepresented
on the committee, supports the appointment.

Norske is a member of the Norwegian national trade federation LO
and the collective bargaining representative for almost 300 SAS
pilots based in Norway. As the largest SAS pilot union, Norske has
been authorized by three other certified unions of SAS pilots in
Denmark, Norway and Sweden to act on their behalf in seeking
appointment to the committee.

In July last year, Norske filed an application with the U.S.
Trustee for Region 2, which oversees SAS' bankruptcy case,
requesting its appointment to the committee. The bankruptcy
watchdog, however, raised concerns about appointing the pilot
unions to the committee due to the restructuring support agreement
between SAS and the pilot unions as part of the settlement
resolving the pilot strike, and its provisions obligating the
unions to vote in favor of a Chapter 11 plan of reorganization that
adopted conditions agreed to in the RSA.

The pilot unions and SAS subsequently amended the RSA to include an
exception to the reorganization plan support conditions stating
those obligations did not apply to the pilot unions' participation
and decision-making as a member of the committee.

Norske can be reached through:

     William R. Wilder, Esq.
     Wilder Law Group, PLLC
     1750 Tysons Blvd., Suite 1500
     Tysons, VA 22102
     Phone: (703) 712-4772
     Email: wwilder@wilderlg.com

                    About Scandinavian Airlines

SAS SAB -- https://www.sasgroup.net -- Scandinavia's leading
airline, with main hubs in Copenhagen, Oslo and Stockholm, is
flying to destinations in Europe, USA and Asia. In addition to
flight operations, SAS offers ground handling services, technical
maintenance and air cargo services. SAS is a founder member of the
Star Alliance, and together with its partner airlines offers a wide
network worldwide.

SAS AB and its subsidiaries, including Scandinavian Airlines
Systems Denmark-Norway-Sweden and Scandinavian Airlines of North
America Inc., sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 22-10925) on July 5,
2022. In the petition filed by Erno Hilden, as authorized
representative, SAS AB estimated assets between $10 billion and $50
billion and liabilities between $1 billion and $10 billion.

Judge Michael E Wiles oversees the cases.

The Debtors tapped Weil, Gotshal & Manges, LLP as global legal
counsel; Mannheimer Swartling Advokatbyra AB as special counsel;
FTI Consulting, Inc. as financial advisor; and Seabury Securities,
LLC and Skandinaviska Enskilda Banken AB as investment bankers.
Seabury is also serving as restructuring advisor.  Kroll
Restructuring Administration, LLC is the claims agent and
administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Willkie Farr & Gallagher, LLP.


SERTA SIMMONS: Amends Non-PTL Claims Pay Details
------------------------------------------------
Serta Simmons Bedding, LLC, et al., submitted a Second Amended
Joint Chapter 11 Plan dated May 23, 2023.

The Plan shall apply as a separate Plan for each of the Debtors,
and the classification of Claims and Interests set forth herein
shall apply separately to each of the Debtors.

Subject to the DIP Order, on the Effective Date, each DIP Claim
will be indefeasibly paid in full in Cash upon the Effective Date,
and all letters of credit issued under the DIP Credit Agreement
shall be cash collateralized in accordance with the terms of the
DIP Credit Agreement, unless otherwise agreed to by the Debtors,
DIP Agent, and DIP Lenders.

The Plan groups the Debtors together solely for the purpose of
describing treatment under the Plan, confirmation of the Plan, and
making distributions in respect of Claims against and Interests in
the Debtors under the Plan.

Class 5 consists of Non-PTL Claims. On the Effective Date, all
Non-PTL Claims will be cancelled, released, and extinguished and
will be of no further force and effect. Each holder of such Allowed
Non-PTL Claims will receive, with a carve out from the collateral
(or the value of such collateral) securing the FLSO Claims. Pro
Rata Share of 1% of New Common Interests issued on the Effective
Date, subject to dilution by any New Common Interests distributed
pursuant to the Management Incentive Plan. Class 5 is Impaired.

Like in the prior iteration of the Plan, each holder of an Allowed
Ongoing General Unsecured Claim in Class 6A shall receive, with a
carve out from the collateral (or the value of such collateral)
securing the FLSO Claims, full payment in the Allowed amount of
such Ongoing General Unsecured Claim no later than the date that is
60 days from the later of the Effective Date and the execution of
the 6A Trade Agreement, notwithstanding any distribution schedule
agreed to in a 6A Trade Agreement or CV Trade Agreement.

Class 6B consists of Other General Unsecured Claims. Except to the
extent that a holder of an Allowed Other General Unsecured Claim
agrees to less favorable treatment, each holder of an Allowed Other
General Unsecured Claim shall receive, in full and final
satisfaction of such Claim, with a carve out from the collateral
(or the value of such collateral) securing the FLSO Claims, its Pro
Rata Share of the Class 6B Trust Interests, as set forth in the GUC
Recovery Allocation Table.

The treatment provided to Allowed Ongoing General Unsecured Claims
and Allowed Other General Unsecured Claims under the Plan, together
with the other terms and conditions set forth in the Plan and the
Confirmation Order, incorporates and reflects a proposed integrated
compromise and settlement by and among the Debtors, the Creditors'
Committee, and the Requisite Consenting Creditors, pursuant to the
Creditors' Committee Global Settlement, including all disputes
raised or asserted by the Creditors' Committee including, but not
limited to those set forth in the letter dated April 4, 2023.

The Creditors' Committee Global Settlement reflects a proposed
compromise and settlement pursuant to Bankruptcy Rule 9019 and
section 1123 of the Bankruptcy Code of the Ongoing General
Unsecured Claims and Other General Unsecured Claims. The following
constitutes the integrated provisions and conditions of the
Creditors' Committee Global Settlement:

     * Holders of Ongoing General Unsecured Claims and Other
General Unsecured Claims shall receive the treatment set forth in
Section 4.6(b) and 4.7(b), respectively.

     * The Creditors' Committee shall (a) withdraw any objection to
any motion, application or filing of the Debtors or the PTL Group
where such motion, application or filing is not inconsistent with
Creditors' Committee Global Settlement, (b) not make or file any
objection contrary to or against the relief sought by the Debtors
or the PTL Group in relation to the Plan where such relief is not
inconsistent with the Creditors' Committee Global Settlement, (c)
support the Plan, and (d) withdraw all document production requests
and deposition notices and limit all participation in any
depositions to only observance.

     * The Class 6B Trust shall have the authority to reconcile all
Other General Unsecured Claims other than the Excluded Class 6B
Claims, provided that, the Debtors, the Requisite Consenting
Creditors, and the Creditors' Committee shall, by the Effective
Date or as soon as reasonably practicable thereafter, agree on a
written protocol acceptable to each to address the reconciliation
of the Excluded Class 6B Claims. The Debtors and the Reorganized
Debtors, as applicable, shall retain exclusive authority to
reconcile and settle the Excluded Class 6B Claims in accordance
with the terms of this Plan, but, for the avoidance of doubt, all
distributions under this Plan on account of Allowed Excluded Class
6B Claims shall be made by the Class 6B Trust.

     * In accordance with Section 8.7 of this Plan, the Debtors and
their Estates shall only be liable on, and the Class 6B Trust shall
only be responsible for distributions to, Allowed Insured
Litigation Claims up to the amount of any applicable SIR, and the
distributions provided for pursuant to Section 4.7 of the Plan on
account of such SIR shall satisfy any requirement for such amounts
to be paid under the applicable insurance policies and any amount
of the Allowed Insured Litigation Claims in excess of an such
self-insured retention or similar deductible shall be satisfied by
the insurer pursuant to the applicable insurance policy.

     * Upon the Effective Date, the Debtors shall transfer, or
cause to be transferred, the Class 6B Trust Assets to the Class 6B
Trust.

     * The Reorganized Debtors shall provide the Class 6B Trust
reasonable consultation and access to the Debtors' books and
records, including access to insurance policies related to the
Insured Litigation Claims, to enable reconciliation of the Other
General Unsecured Claims and the pursuit of Class 6B Causes of
Action, as set forth in the Class 6B Trust Agreement.

A full-text copy of the Second Amended Plan dated May 23, 2023 is
available at https://urlcurt.com/u?l=F0VwHy from Epiq Corporate
Restructuring, LLC, claims and noticing agent.

Attorneys for the Debtors:

     Gabriel A. Morgan, Esq.
     Stephanie N. Morrison, Esq.
     WEIL, GOTSHAL & MANGES LLP
     700 Louisiana Street, Suite 1700
     Houston, TX 77002
     Telephone: (713) 546-5000
     Facsimile: (713) 224-9511
     E-mail: Gabriel.Morgan@weil.com
             Stephanie.Morrison@weil.com

          - and -

     Ray C. Schrock, Esq.
     Alexander W. Welch, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, NY 10153
     Telephone: (212) 310-8000
     Facsimile: (212) 310-8007
     E-mail: Ray.Schrock@weil.com
             Alexander.Welch@weil.com

                  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.

Gabriel Adam Morgan, Esq. at the Weil, Gotshal & Manges represents
the Debtor as counsel.  The Debtor also tapped Evercore Group, LLC
as its investment banker; FTI Consulting, Inc., as its Financial
Advisor; Epiq Corporate Restructuring, LLC as its claims and
noticing agent; and Pricewaterhousecoopers LLP as its tax services
advisor.


SONAVATION INC: Enters Chapter 11 Bankruptcy Protection
-------------------------------------------------------
Ashley Portero of the South Florida Business Journal reports that
Sonavation filed for Chapter 11 bankruptcy protection after it
failed to find a buyer.

Palm Beach Gardens-based Sonavation filed for Chapter 11 bankruptcy
protection with more than $2 million in unsecured debts owed to
creditors.

The company, a designer and developer of ultrasound biometric
fingerprint sensors for smartphones and other devices, submitted
its bankruptcy petition to the U.S. Bankruptcy Court in Miami on
May 22, 2023.

According to court documents, Sonavation's technology, "while
impressive and effective, has not found a buyer for bringing
production to market or to scale." As a result, the company does
not have the funds to maintain operations and pay its debts.

The firm aims to maximize its remaining assets through a sale or
merger, court documents said. The bankruptcy petition was signed by
Sonavation CEO Lisa Rhoads.

Sonavation owes the largest debts to the U.S. Small Business
Administration for two separate Paycheck Protection loans of
$680,892 and $674,888. The pandemic-era relief program granted
forgivable loans to businesses to cover payroll and other costs.
According to court documents, Sonavation does not have any
employees.

The company expects other creditors could come forward: The
documents state that Sonavation believes former CEO Karl F. Weintz
could "assert a position as a secured creditor for approximately $2
million." Weintz served as chief executive between 2015 to 2018.

In marketing materials, Sonavation reported its 3D biometric
ultrasound technology is far more precise — and less hackable —
than other fingerprint sensors on the market. The firm attracted
$44.5 million from investors over five fundraising rounds between
2010 and 2015, according to data from Crunchbase.

                      About Sonavation Inc.

Sonavation Inc. manufactures computer and peripheral equipment.

Sonavation Inc. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-13960) on May 22,
2023. In the petition filed by Lisa Rhoads, as chief executive
officer, the Debtor reports estimated assets and liabilities
between $1 million and $10 million.

Honorable Bankruptcy Judge Erik P. Kimball handles the case.

The Debtor is represented by:

     Paul N. Mascia, Esq.
     NARDELLA & NARDELLA, PLLC
     135 W. Central Blvd
     Suite 300
     Orlando, FL 32801
     Tel: 407-966-2680
     Email: pmascia@nardellalaw.com






STUBHUB: Audax Credit Marks $483,750 Loan at 27% Off
----------------------------------------------------
Audax Credit BDC Inc has marked its $483,750 loan extended to
StubHub to market at $353,140 or 73% of the outstanding amount, as
of March 31, 2023, according to a disclosure contained in Audax
Credit's Form 10-Q for the Quarterly Period ended March 31, 2023,
filed with the Securities and Exchange Commission.

Audax Credit is a participant in a Senior Secured USD Term B Loan
to StubHub. The loan accrues interest at a rate of 8.41% (SOFR +
3.50%) per annum. The loan matures on February 12, 2027.

Audax Credit BDC Inc. is a Delaware corporation that was formed on
January 29, 2015. The Company is an externally managed, closed-end,
non-diversified management Investment Company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, effective with the
Company's taxable year ended December 31, 2015, the Company has
elected to be treated for federal income tax purposes and intends
to comply with the requirements to qualify annually, as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

StubHub is an American ticket exchange and resale company. It
provides services for buyers and sellers of tickets for sports,
concerts, theater and other live entertainment events. It has grown
from the largest secondary-market ticket marketplace in the United
States into the world's largest ticket marketplace.



SVB FINANCIAL: Creditors Committee Members Disclose Claims
----------------------------------------------------------
The official committee of unsecured creditors appointed in the
chapter 11 case of SVB Financial Group filed a verified statement
pursuant to Rule 2019 of the Federal Rules of Bankruptcy
Procedure.

The Committee currently comprises these entities and persons: (i)
Tata Consultancy Services Limited; (ii) U.S. Bank Trust Company,
National Association, as Indenture Trustee; (iii) Wilmington Trust
Company, as Indenture Trustee; (iv) Mr. Satagopan Rajagopalan; and
(v) Cousins Fund II Phoenix I, LLC.

On April 4 and April 6, 2023, respectively, the Committee selected
Akin Gump Strauss Hauer & Feld LLP to serve as counsel and Cole
Schotz P.C. to serve as efficiency and conflicts counsel in
connection with the Debtor's Chapter 11 case.

The nature and amount of all disclosable economic interests held
by, each member of the Committee in relation to the Debtor are:

   (1) Tata Consultancy Services Limited
       101 Park Avenue, 26th Floor
       New York, NY 10178

       As of May 18, 2023, Tata Consultancy Services Limited holds
an unsecured claim in the amount of not less than $1,263,100.49 on
account of pre-petition services TCS rendered pursuant to contracts
with the Debtor.

   (2) U.S. Bank Trust Company, National Association,
       as Indenture Trustee
       60 Livingston Avenue
       St. Paul, MN 55107

       U.S. Bank Trust holds claims arising from its role as
indenture trustee in the amount of no less than: $650,000,000 for
the 1.800% Senior Notes due 2026; $500,000,000 for the 2.100%
Senior Notes due 2028; $500,000,000 for the 3.125% Senior Notes due
2030; $500,000,000 for the 1.800% Senior Notes due 2031;
$450,000,000 for the 4.570% Senior Notes due 2033; $350,000,000 for
the 3.50% Senior Notes due 2025; and $350,000,000 for the 4.345%
Senior Notes due 2028.

   (3) Wilmington Trust Company, as Trustee
       1100 North Market Street
       Wilmington, DE 19890

       Wilmington Trust Company holds claims arising from its role
as trustee in the amounts of no less than: $103,093,000 for the
Fixed/Floating Rate Junior Subordinated Debt Securities due 2035;
and $105,000,000 for the Junior Subordinated Convertible Debentures
due 2034.

   (4) Mr. Satagopan Rajagopalan
       44324 Navajo Drive
       Ashburn, VA 20147

       Mr. Rajagopalan holds claims against the Debtor on account
of deferred compensation plan contributions in the amount of
approximately $303,000.

   (5) Cousins Fund II Phoenix I, LLC
       3344 Peachtree Rd. NE, Ste 1800
       Atlanta, GA 30326

       Cousins Fund II Phoenix I is the landlord under a 2012
nonresidential real property lease with the Debtor for 205,000
square feet of office space in Tempe, Arizona.  The state law
damages for Cousins based upon a rejection of the Lease are
approximately $25.1 million.  Assuming all postpetition rent due
under the Lease is paid, the unsecured claim Cousins will hold
under 11 U.S.C. Section 502(b)(6) is approximately $9.27 million.

The Committee's attorneys:

      Ira S. Dizengoff, Esq.
      Brad M. Kahn, Esq.
      AKIN GUMP STRAUSS HAUER & FELD LLP
      One Bryant Park
      New York, NY 10036-6745
      Telephone: (212) 872-1000
      Facsimile: (212) 872-1002
      E-mail: idizengoff@akingump.com
              bkahn@akingump.com

           - and -

      James R. Savin, Esq.
      AKIN GUMP STRAUSS HAUER & FELD LLP
      2001 K Street NW
      Washington, DC 20006
      Telephone: (202) 887-4000
      Facsimile: (202) 887-4288
      E-mail: jsavin@akingump.com

                    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.


SVB FINANCIAL: Shareholders Hire Advisers for Help in Recovery
--------------------------------------------------------------
Reshmi Basu, Rachel Butt and Steven Church of Bloomberg News report
that shareholders of SVB Financial Group have hired Ducera Partners
and Brown Rudnick to help them get paid in the bankrupt holding
company's restructuring case, according to people familiar with the
situation.

They also plan to push for an official equity committee, which
would give them more sway during the Chapter 11 process, the people
added, asking not to be named discussing a private matter.

The group of investors hold both preferred and common shares in SVB
Financial, which was the parent company of Silicon Valley Bank
before federal regulators forced the bank to be sold.

                     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.


TEMPO ACQUISITION: S&P Affirms 'B+' ICR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings affirmed all its ratings, including the 'B+'
issuer credit rating on Tempo Acquisition LLC (Alight Solutions)
and the 'BB-' issue-level ratings on its revolver, term loan, and
senior secured notes. The recovery rating on the debt remains '2'.

The stable outlook reflects S&P's expectation leverage will decline
below 6x by year-end 2023, with improving free cash flow generation
despite large restructuring investments.

S&P said, "We project S&P Global Ratings-adjusted net leverage will
remain within our 'B+' rating thresholds despite a large increase
in restructuring costs. We forecast S&P Global Ratings-adjusted net
leverage to decline below 6x in 2023 and toward the 5x area by
year-end 2024, a level we view as supportive of the current
ratings. Alight's leverage reduction is delayed relative to our
expectations from one year ago due to new contract win ramp up
costs; less deployment of cash toward leverage reducing
acquisitions; and the announcement of a large new $140 million
cost-saving restructuring initiative. We expect the restructuring
initiative to enhance organizational agility and flexibility and to
improve delivery efficiency by moving the company's on-premises
data centers into the cloud.

"Most of these restructuring costs will be incurred this year,
causing S&P Global Ratings-adjusted leverage to remain at about our
6x downgrade threshold until late 2023. Nevertheless, we expect
FOCF to debt to remain above 5% and net leverage to decline toward
5x through 2024 as these restructuring costs decline and the
associated cost savings, about $100 million at run-rate, are
realized. Alight's positioning within the 'B+' rating could weaken
if cost overruns or execution missteps delay its leverage
reduction.

"Despite higher restructuring costs and rising interest rates, the
company's free cash flow will remain resilient due to its interest
rate hedges. We estimate Alight's interest rate hedges will result
in annual interest expense savings of about $60 million in 2023 and
2024, providing significant credit support. The company has fixed
84% of its floating-rate debt through 2024 and about 60% through
2025 at base interest rates below 3%. These hedges support our
expectation that the company will generate about $150 million in
reported FOCF in 2023, with weighting toward the second half of the
year due to the seasonality of earnings and the timing of its
restructuring investments. We expect Alight's reported FOCF to
improve to over $200 million in 2024 and 2025 with healthy revenue
growth, a decline in restructuring costs, and strong realization of
the associated savings."

Revenue will remain resilient despite slowing global GDP growth and
declining employment among Alight's installed customer base. Under
S&P's updated base case forecast it expects a shallow recession in
2023. Nevertheless, we project Alight will continue its healthy
revenue growth trajectory as the large, new Federal Thrift contract
ramps up, offsetting slower volume growth among existing customers
as hiring slows and unemployment rates increase. Furthermore,
Alight's increasingly subscription-based bundled customer contracts
and tiered pricing arrangements with its well-diversified,
blue-chip client base should protect revenue if its customers'
employment levels decline.

Alights' financial sponsor owners will likely continue to
relinquish their equity ownership. Following the large equity sale
in the first quarter 2023, Alight's financial sponsor owners,
including Blackstone, Cannae, THL, and other legacy investors
reduced their collective ownership share to about 34.7%, from about
44.9% as of Dec. 31, 2022. As such, S&P no longer views Alight as a
financial sponsor-owned company, and our adjusted leverage
calculation is now on a net basis.

The company has historically maintained high leverage in support of
its acquisition strategy and shareholder returns, but S&P expects a
more reserved financial policy going forward as these owners
steadily reduce their ownership. Still, Cannae and Blackstone
retain significant influence over the company through their
representation on the board of directors, maintaining five out of
the 10 seats combined; however, S&P expects their board influence
will decline over time.

The stable outlook reflects S&P's expectation leverage will decline
toward 5x by year-end 2024 with improving free cash flow generation
despite large restructuring investments.

S&P could lower its rating on Alight over the next 12 months if it
expected adjusted leverage would remain well over 6x or adjusted
FOCF to debt would weaken to the low-single-digit percent area.
This could occur with:

-- Nonrecurring restructuring and information technology (IT)
investment cost overruns;

-- A sharper-than-expected decline in the global gross domestic
product (GDP) that limits organic revenue growth; and

-- The adoption of a more aggressive financial policy, including a
large debt-financed acquisition, dividend, or share repurchase.

S&P could raise its rating over the next 12 months if the company
could reduce leverage beneath 5x and sustain it there and generate
FOCF to debt above 5%, which could occur if:

-- Alight's operating performance exceeded our expectations with
organic revenue growth consistently in the high-single-digit
percent area and EBITDA margins approaching the mid-20% area; and

-- The company exhibited a track record of operating with a less
aggressive financial policy concerning leveraging shareholder
returns or acquisitions.

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

S&P said, "We have revised our governance score to G-2 from G-3 to
reflect the reduced financial sponsor ownership and our view their
influence on Alights governance no longer constitutes a moderately
negative influence for creditors.

"Social factors have a moderately negative influence on our rating
analysis of Alight. This assessment reflects the mission-critical
importance of its human resources and payroll services to its
clients and employees. Further, this assessment reflects the high
inherent risks and adverse consequences (reputational damage,
legal/regulatory fines, and operational disruptions) if it fails to
protect sensitive information or its critical infrastructure and
applications."



WHEELS PROS: Audax Credit Marks $492,500 Loan at 29% Off
--------------------------------------------------------
Audax Credit BDC Inc has marked its $492,000 loan extended to Wheel
Pros to market at $351,000 or 71% of the outstanding amount, as of
March 31, 2023, according to a disclosure contained in Audax
Credit's Form 10-Q for the Quarterly Period ended March 31, 2023,
filed with the Securities and Exchange Commission.

Audax Credit is a participant in a Senior Secured Initial Term Loan
(First Lien) to Wheel Pros. The loan accrues interest at a rate of
9.69% (LIBOR +4.50%) per annum. The loan matures on May 11, 2028.

Audax Credit BDC Inc. is a Delaware corporation that was formed on
January 29, 2015. The Company is an externally managed, closed-end,
non-diversified management Investment Company that has elected to
be treated as a business development company under the Investment
Company Act of 1940, as amended. In addition, effective with the
Company's taxable year ended December 31, 2015, the Company has
elected to be treated for federal income tax purposes and intends
to comply with the requirements to qualify annually, as a regulated
investment company under Subchapter M of the U.S. Internal Revenue
Code of 1986, as amended.

Wheel Pros, Inc. manufactures vehicle wheels. The Company
distributes wheels, tires, suspension, and accessories for
vehicles. Wheel Pros serves customers in the United States and
Canada.  



YAK TIMBER: Seeks Chapter 11 Bankruptcy After Parent Is Sued
------------------------------------------------------------
Angela Denning of Alaska Public Media reports that a timber company
owned by Yakutat's village corporation has filed for bankruptcy
this month after a bank sued the corporation over $13 million in
outstanding debts. It's the latest chapter in the story of a
contentious logging operation that many of the corporation's
shareholders didn't support.

Yak Timber filed for bankruptcy on May 11.  In a letter to
shareholders the next day, the village corporation, Yak-Tat Kwaan,
said they filed "only after exhausting all efforts to negotiate a
resolution" with the bank.

Yakutat's tribal government, Yakutat Tlingit Tribe, says the
lawsuit is further dividing a town that was already stressed --
many residents didn't agree with the logging operation in the first
place.  Andrew Gildersleeve is the Tribe's executive director.  He
says above all, there is grief.

"The matter itself is almost like a broken piece of glass, with so
many edges it's impossible to pick up without getting cut,"
Gildersleeve said. "There's a shock of what's happened to tribal
lands and disbelief that there could be a claim of the size against
an organization that is ultimately run by our friends, family and
neighbors."

                   Washington bank vs. Yak-Tat Kwaan

The lawsuit, brought by AgWestFarm Credit, alleges that Yak Timber
owes the Washington-based bank about $13.3 million in unpaid loans.
The suit was filed in U.S. District Court in Seattle on March 31.

"Where did all that money that they borrowed go?" asks shareholder
Cindy Bremner.  She's also the former CEO of the corporation and
Yakutat's current mayor.  She says shareholders have a lot of
questions the corporation won't answer.  It's straining
relationships in the small town of 600.

"We live in a small town -- we're all related," she said, "and it's
caused quite a divide between those on that board, and then pretty
much the rest of the shareholders."

The suit says the corporation hasn't made payments since the middle
of 2022. The bank is seeking repayment, interest, and attorney's
fees. It lists equipment along with timber, proceeds, and property
as collateral.

In a letter to shareholders on April 7, 2023, corporation
leadership said their board "is united in every possible effort to
address the allegations."

Shari Jensen, the corporation's CEO said in a written statement
that they had no comment for this story. But as recently as
October, Jensen told CoastAlaska that paying back the loans
wouldn't be a problem after they sell Yak Timber's logging
equipment.

"Banks don't lend money to broke companies, they just don't,"
Jensen said. "And, you know, we had a business plan.  And they
bought into it."

                     A controversial project

The Yak-Tat Kwaan corporation was formed in the early 70s after the
Alaska Native Claims Settlement Act took effect.  The federal law
exchanged Indigenous land rights for money, divvying up the
remaining land among a few hundred village corporations. Those
corporations are charged with making a profit for their
shareholders.

The Kwaan created its timber subsidiary in 2018 to harvest 21
million board feet of timber on its land. It logged about
three-quarters of that, shipping nearly 4,000 log trucks worth of
wood to China.

As Yak Timber pursued different logging projects, opposition grew
among shareholders. Some wanted the corporation to seek other
resource revenue, such as carbon credits. Eventually, Yak Timber
announced last fall that it would sell off its assets.

But the company continued to harvest timber at a place called
Humpback Creek, which the local and regional tribal governments say
is culturally and historically significant.

They, along with the regional corporation Sealaska, have requested
Yak Timber stop logging there.

                 Shareholders take action in court

The corporation faces a lawsuit from shareholders as well. Some are
worried that their land could be lost as collateral for their debt.
Amanda Bremner is a cousin to the mayor.

"I am incredibly concerned not just for the risk to existing land,
but for what this means for the future of our company and all of
our shareholders," she said.

Amanda Bremner and another shareholder, Jay Stevens, co-chair the
Yaakwdáat Latínx'i Coalition that is seeking a change. Their
lawsuit, filed on May 9, 2023 in Anchorage Superior Court, asks the
court step in and force the corporation to hold an election for all
nine seats on the board. Yak-Tat Kwaan hasn't held an election in a
couple of years, which led to a state fine.

Amanda Bremner says taking the corporation to court was a difficult
decision, but many shareholders share her goals.

"To see our corporation flourish and thrive and be successful and
ethical and rooted in Indigenous value and to have business
practices reflect that," she said.

Seattle-based law firm Cairncross and Hempelmann is representing
the bank. In an email, they said their client did not want to
comment.

In a separate court filing, April 7, the bank seeks to repossess a
tug and barge they loaned Yak Timber for $3.3 million in January of
2022. Later, on May 5, 2023 they asked the court to ban the
corporation from moving the barge, saying it was uninsured. The
corporation has disputed this and filed its own motions.

Yak Timber has its own lawsuit playing out. It filed a suit
November 18, 2022 accusing Bethel Environmental Solutions, an
Alaska Native-owned environmental consulting firm, of owing them
$443,912 for charter services.

                      About Yak Timber Inc.

Yak Timber Inc. is a timber company in Yakutat, Alaska.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bakr. D. Alaska Case No. 23-00080) on May 11,
2023. In the petition signed by Marvin Adams, chief executive
officer, the Debtor disclosed up to $50 million in both assets and
liabilities.

Terry P. Draeger, Esq., at Beaty & Draeger, Ltd., is the Debtor's
legal counsel.


[*] 8 Hospital Closures and Bankruptcies in the U.S. in 2023
------------------------------------------------------------
Alan Condon of Becker's Hospital CFO Report has identified the
hospital bankruptcies and closures in the U.S. so far this year.

From reimbursement challenges to declining patient volumes and
spiraling labor costs, many factors lead hospitals to shut down or
enter bankruptcy.

According to the Becker's Hospital CFO Report, these are eight
hospitals that filed for bankruptcy, closed or announced plans to
close this 2023:

   1. Eastern Niagara Hospital in Lockport, N.Y., will close June
17 after years of financial turbulence. In November 2019, the
hospital filed for Chapter 11 bankruptcy protection and signed a
management agreement with Buffalo, N.Y.-based Catholic Health. The
system has been planning to close Eastern Niagara Hospital once its
replacement hospital opens. The closure will affect 337 employees.

   2. Havre de Grace, Md.-based Harford Memorial Hospital, part of
the University of Maryland Upper Chesapeake Health, announced plans
to close in late 2023 or early 2024. The hospital closure is
dependent on the opening of a new bed tower at the health system's
Bel Air campus. Once the tower opens, Harford Memorial will begin
to be decommissioned.

   3. San Benito Health Care District, the board overseeing
Hollister, Calif.-based Hazel Hawkins Memorial Hospital, voted May
22 to file for Chapter 9 bankruptcy. The hospital said it will
remain open and operational "while leadership looks for a strategic
partner or buyer."

   4. McLaren St. Luke's in Maumee, Ohio, closed May 8 and ceased
all outpatient services. Cincinnati-based Mercy Health is acquiring
the hospital campus — which includes 12 buildings — from Grand
Blanc, Mich.-based McLaren Health Care. Mercy is working with
WellCare Physicians Group practices through the transition to
maintain the continuity of patient care. Changes will begin after
Mercy officially takes over June 1.

   5. San Antonio-based Texas Vista Medical Center, part of
Dallas-based Steward Health Care, closed May 1.  The 325-bed
hospital provided healthcare to predominantly lower income
residents in San Antonio and South Texas for almost 40 years and
had been struggling financially. The closure resulted in 827
layoffs.

   6. Montebello, Calif.-based Beverly Hospital filed for Chapter
11 bankruptcy April 19. The hospital secured $13 million in
financing to keep operating as it looked for a buyer. Hospital
officials said rising costs outpacing government reimbursement
rates were to blame for the situation. Beverly has unsuccessfully
attempted to merge with three health systems.

   7. Madera (Calif.) Community Hospital filed for Chapter 11
bankruptcy March 10. The hospital officially closed at midnight
Dec. 30, after Livonia, Mich.-based Trinity Health's plan to buy
the hospital fell through. Trinity already owns and operates Saint
Agnes Medical Center in Fresno, Calif. Madera Community leaders had
hoped to avoid bankruptcy and explored a number of options,
including looking for another organization to take over operations.
But without a buyer lined up, the hospital proceeded with the
bankruptcy filing.

   8. St. Margaret's Health-Peru (Ill.) closed Jan. 28 after the
system's CEO and chair of the board detailed plans to temporarily
shutter the hospital and reopen it once a rural emergency hospital
designation is finalized.  However, the hospital will need to
reopen before it can qualify for the designation.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Solano County Black Chamber of Commerce, Inc.
   Bankr. E.D. Cal. Case No. 23-21667
      Chapter 11 Petition filed May 23, 2023
         See
https://www.pacermonitor.com/view/23WZJ2A/Solano_County_Black_Chamber_of__caebke-23-21667__0001.0.pdf?mcid=tGE4TAMA
         represented by: Le'Roy Roberson, Esq.
                         RESOLVE LAW FIRM, APC
                         E-mail: lroberson@resolvelawfirm.com

In re John Fitzgerald Carter
   Bankr. N.D. Ga. Case No. 23-54816
      Chapter 11 Petition filed May 23, 2023
         represented by: Will Geer, Esq.

In re EMD Services, Inc.
   Bankr. N.D. Ill. Case No. 23-06798
      Chapter 11 Petition filed May 23, 2023
         See
https://www.pacermonitor.com/view/4HJRW5Y/EMD_Services_Inc__ilnbke-23-06798__0001.0.pdf?mcid=tGE4TAMA
         represented by: Saulius Modestas, Esq.
                         MODESTAS LAW OFFICES, P.C.
                         E-mail: smodestas@modestaslaw.com

In re Green Bamba LLC
   Bankr. E.D.N.Y. Case No. 23-41824
      Chapter 11 Petition filed May 24, 2023
         See
https://www.pacermonitor.com/view/TYFR3AQ/Green_Bamba_LLC__nyebke-23-41824__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Varocco Maiden LLC
   Bankr. S.D.N.Y. Case No. 23-10823
      Chapter 11 Petition filed May 23, 2023
         See
https://www.pacermonitor.com/view/E22SQ2Y/Varocco_Maiden_LLC__nysbke-23-10823__0001.0.pdf?mcid=tGE4TAMA
         represented by: Dawn Kirby, Esq.
                         KIRBY AISNER & CURLEY LLP
                         E-mail: dkirby@kacllp.com

In re Rollin Dirty LLC
   Bankr. D. Ore. Case No. 23-31150
      Chapter 11 Petition filed May 23, 2023
         See
https://www.pacermonitor.com/view/XAHMBLA/Rollin_Dirty_LLC__orbke-23-31150__0001.0.pdf?mcid=tGE4TAMA
         represented by: Ted A. Troutman, Esq.
                         TROUTMAN LAW FIRM P.C.
                         E-mail: tedtroutman@sbcglobal.net

In re Woo Kyun Han and Kelly Louise Han
   Bankr. S.D. Tex. Case No. 23-31882
      Chapter 11 Petition filed May 23, 2023
         represented by: Reese Baker, Esq.

In re Lynn Shepard, Jr.
   Bankr. S.D. Fla. Case No. 23-14039
      Chapter 11 Petition filed May 24, 2023
         represented by: Craig Kelley, Esq.

In re Pancakes of Hawaii, Inc.
   Bankr. D. Hawaii Case No. 23-00386
      Chapter 11 Petition filed May 24, 2023
         See
https://www.pacermonitor.com/view/W6GPG6Y/Pancakes_of_Hawaii_Inc__hibke-23-00386__0001.0.pdf?mcid=tGE4TAMA
         represented by: Chuck C. Choi, Esq.
                         CHOI & ITO
                         E-mail: cchoi@hibklaw.com

In re Millies Pancake Shoppe II, Inc.
   Bankr. N.D. Ill. Case No. 23-06836
      Chapter 11 Petition filed May 24, 2023
         See
https://www.pacermonitor.com/view/I6WWVMY/Millies_Pancake_Shoppe_II_Inc__ilnbke-23-06836__0001.0.pdf?mcid=tGE4TAMA
         represented by: Joshua D. Greene, Esq.
                         SPRINGERLARSENGREENE, LLC
                         E-mail: jgreene@springerbrown.com

In re APMI Group, Inc.
   Bankr. D. Md. Case No. 23-13641
      Chapter 11 Petition filed May 24, 2023
         See
https://www.pacermonitor.com/view/PP3HRGA/APMI_Group_Inc__mdbke-23-13641__0001.0.pdf?mcid=tGE4TAMA
         represented by: Charles E. Walton, Esq.
                         WALTON LAW GROUP, LLC
                         E-mail: cwalton@cwaltonlaw.com

In re Heyward Jackson, Jr.
   Bankr. D. Nev. Case No. 23-12085
      Chapter 11 Petition filed May 24, 2023

In re Samuel Bernard Greenwood
   Bankr. N.D. Ala. Case No. 23-40576
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/YF3OIBI/Samuel_Bernard_Greenwood__alnbke-23-40576__0001.0.pdf?mcid=tGE4TAMA
         represented by: Stuart Maples, Esq.
                         MAPLES LAW FIRM, PC
                         Email: kplckett@mapleslawfirmpc.com

In re Mora House One, LLC
   Bankr. N.D. Cal. Case No. 23-50562
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/TEUA6EY/Mora_House_One_LLC__canbke-23-50562__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Capital G Investments, LLC
   Bankr. S.D. Fla. Case No. 23-14075
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/ZKSENDI/Capital_G_Investments_LLC__flsbke-23-14075__0001.0.pdf?mcid=tGE4TAMA
         represented by: Kenneth Ray Noble III, Esq.
                         NOBLE LAW FIRM
                         E-mail: ray@noblelawfirmpa.com

In re Jael Judy Olkinitsky - Subachan
   Bankr. S.D. Fla. Case No. 23-14084
      Chapter 11 Petition filed May 25, 2023
         represented by: Robert C. Furr, Esq.
                         FURR AND COHEN P.A.
                         Email: rfurr@furrcohen.com

In re Latasha Transrina Kebe
   Bankr. S.D. Fla. Case No. 23-14082
      Chapter 11 Petition filed May 25, 2023
         represented by: Chad Van Horn, Esq.
                         VAN HORN LAW GROUP, P.A.
                         E-mail: chad@cvhlawgroup.com

In re New Millennium Medical Ltd
   Bankr. N.D. Ill. Case No. 23-80634
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/BVHGX5Y/New_Millennium_Medical_Ltd__ilnbke-23-80634__0001.0.pdf?mcid=tGE4TAMA
         represented by: Richard G Larsen, Esq.
                         SPRINGERLARSENGREENE, LLC
                         E-mail: rlarsen@springerbrown.com

In re Haraki Corporation
   Bankr. S.D.N.Y. Case No. 23-10840
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/6YD7IQQ/Haraki_Corporation__nysbke-23-10840__0001.0.pdf?mcid=tGE4TAMA
         represented by: Dawn Kirby, Esq.
                         KIRBY AISNER & CURLEY LLP
                         E-mail: dkirby@kacllp.com

In re Glory Intervention Center, Inc
   Bankr. N.D. Tex. Case No. 23-31038
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/W6VF22Y/Glory_Intervention_Center_Inc__txnbke-23-31038__0001.0.pdf?mcid=tGE4TAMA
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS
                         E-mail: eric@ealpc.com

In re Charles Lau DDS MSD, LLC
   Bankr. W.D. Wisc. Case No. 23-10874
      Chapter 11 Petition filed May 25, 2023
         See
https://www.pacermonitor.com/view/3P3IMQY/Charles_Lau_DDS_MSD_LLC__wiwbke-23-10874__0001.0.pdf?mcid=tGE4TAMA
         represented by: John P. Driscoll, Esq.
                         KREKELER LAW, S.C.
                         E-mail: jdriscoll@ks-lawfirm.com

In re Dan Quoc Pham
   Bankr. N.D. Cal. Case No. 23-40605
      Chapter 11 Petition filed May 26, 2023
         represented by: Matthew Metzger, Esq.

In re Mitchell Connor Stookey
   Bankr. M.D. Fla. Case No. 23-02189
      Chapter 11 Petition filed May 26, 2023
         represented by: Edward Peterson, Esq.

In re Momentum Brewery LLC
   Bankr. M.D. Fla. Case No. 23-02177
      Chapter 11 Petition filed May 26, 2023
         See
https://www.pacermonitor.com/view/HT2KHPY/Momentum_Brewery_LLC__flmbke-23-02177__0001.0.pdf?mcid=tGE4TAMA
         represented by: James W. Elliott, Esq.
                         MCINTYRE THANASIDES BRINGGOLD ELLIOTT,
                         ET AL.
                         E-mail: James@mcintyrefirm.com

In re Ben L Cook
   Bankr. S.D. Fla. Case No. 23-14125
      Chapter 11 Petition filed May 26, 2023
         represented by: Alan Crane, Esq.

In re Michael Abboud OBGYN P.C.
   Bankr. E.D.N.Y. Case No. 23-41874
      Chapter 11 Petition filed May 26, 2023
         See
https://www.pacermonitor.com/view/L2NHMTQ/Michael_Abboud_OBGYN_PC__nyebke-23-41874__0001.0.pdf?mcid=tGE4TAMA
         represented by: Lawrence Morrison, Esq.
                         MORRISON TENENBAUM PLLC
                         E-mail: lmorrison@m-t-law.com

In re 344 South Street Corporation
   Bankr. E.D. Pa. Case No. 23-11548
      Chapter 11 Petition filed May 26, 2023
         See
https://www.pacermonitor.com/view/XUBZWCY/344_South_Street_Corporation__paebke-23-11548__0001.0.pdf?mcid=tGE4TAMA
         represented by: Jeffrey S. Cianciulli, Esq.
                         WEIR GREENBLATT PIERCE LLP
                         E-mail: jcianciulli@wgpllp.com

In re Central Hospitality Group, Inc.
   Bankr. D. Ariz. Case No. 23-03539
      Chapter 11 Petition filed May 27, 2023
         See
https://www.pacermonitor.com/view/HKQOGDI/CENTRAL_HOSPITALITY_GROUP_INC__azbke-23-03539__0001.0.pdf?mcid=tGE4TAMA
         represented by: Ronald J. Ellett, Esq.
                         ELLETT LAW OFFICES, P.C.
                         E-mail: rjellett@ellettlaw.com

In re Innovative Concepts Empire, LLC
   Bankr. D. Ariz. Case No. 23-03538
      Chapter 11 Petition filed May 27, 2023
         See
https://www.pacermonitor.com/view/HGZQVJI/INNOVATIVE_CONCEPTS_EMPIRE_LLC__azbke-23-03538__0001.0.pdf?mcid=tGE4TAMA
         represented by: Ronald J. Ellett, Esq.
                         ELLETT LAW OFFICES, P.C.
                         E-mail: rjellett@ellettlaw.com

In re Squared Up Hospitality, Inc.
   Bankr. D. Ariz. Case No. 23-03540
      Chapter 11 Petition filed May 27, 2023
         See
https://www.pacermonitor.com/view/H4RC3UQ/SQUARED_UP_HOSPITALITY_INC__azbke-23-03540__0001.0.pdf?mcid=tGE4TAMA
         represented by: Ronald J. Ellett, Esq.
                         ELLETT LAW OFFICES, P.C.
                         E-mail: rjellett@ellettlaw.com


                            *********

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.

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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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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