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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

              Wednesday, August 9, 2023, Vol. 27, No. 220

                            Headlines

1716 R STREET: Unsecureds to Get Amounts Left Over From Reserves
40 & HOLDING: Bankruptcy Administrator Unable to Appoint Committee
4424 NORTH BAILEY: Creditors to Recover 100% in 5 Years
575 BOULEVARD: Court Approves Disclosure Statement
AEMETIS INC: Incurs $25.3 Million Net Loss in Second Quarter

AEROCISION PARENT: Quick Chapter 11 Timeline Approved
ALROD LOGISTICS: Seeks Cash Collateral Access
API COMMERCIAL: Ares Capital Marks $7M Loan at 50% Off
ATI INC: Moody's Rates New $400MM Senior Unsecured Notes 'B2'
ATI INC: S&P Alters Outlook to Positive, Affirms 'B+' ICR

AUTUMN CAB: Court Approves Disclosure Statement
AVETTA LLC: Ares Capital Marks $200,000 Loan at 50% Off
AYALA PHARMACEUTICALS: Signs Merger Agreement With Biosight
BEN-BELLA TRANS: Court Approves Disclosure Statement
BFR GRANITE: Seeks to Hire DeMarco-Mitchell PLLC as Legal Counsel

BFR GRANITE: Wins Cash Collateral Access on Final Basis
BISCAYNE BEACH: Seeks Cash Collateral Access
BOURBON STREET: Seeks to Tap The Dakota Bankruptcy Firm as Counsel
BOURBON STREET: Wins Cash Collateral Access Thru Aug 15
CENTER FOR ALTERNATIVE: Taps Hewitt Heerschap as Tax Accountant

CENTER FOR ALTERNATIVE: Wins Cash Collateral Access Thru Oct. 20
CENTER FOR ASBESTOS: Voluntary Chapter 11 Case Summary
CENTRIC BRANDS: Ares Capital Marks $77.9M Loan at 18% Off
CHAMPIONX CORP: Moody's Ups CFR to Ba1 & Alters Outlook to Stable
CHESANING MFG: Case Summary & 20 Largest Unsecured Creditors

CHINAH USA: Trustee Appointed in Affiliates' Subchapter V Cases
COJAM CONSTRUCTION: Voluntary Chapter 11 Case Summary
COMPLETION RESOURCES: Mark Weisbart Named Subchapter V Trustee
CORE SCIENTIFIC: Narrows Net Loss to $9.3M for 2023 Second Qtr
CREATIVE REALITIES: Raises Going Concern Doubt

CS LEE DMD: Seeks to Hire Peter M. Daigle as Bankruptcy Counsel
CUSHMAN & WAKEFIELD: S&P Rates New $700MM Sr. Sec. Term Loan 'BB'
CYXTERA TECHNOLOGIES: Committee Seeks to Hire Financial Advisor
CYXTERA TECHNOLOGIES: Committee Seeks to Tap Legal Counsel
DAYBREAK OIL: Issues $60K Promissory Note to CEO

DREAM FINDERS: S&P Assigns 'BB-' ICR, Outlook Stable
ECL ENTERTAINMENT: S&P Upgrades ICR to 'B+', Outlook Stable
ELITE HOME: Case Summary & 13 Unsecured Creditors
EURONET WORLDWIDE: Moody's Cuts Unsec. Notes Rating to Ba2
EXIGENT LANDSCAPING: Case Summary & 20 Largest Unsecured Creditors

FANJOY CO: Case Summary & 20 Largest Unsecured Creditors
FILE STORAGE: $1.5MM KB Silver DIP Loan Wins Final Court OK
FTX TRADING: Silvergate Fraud Claims Will be Transferred to Cal.
FUSION GALAXY: Christopher Simpson Named Subchapter V Trustee
GALLERIA 2425: Seeks to Hire Hayward PLLC as Bankruptcy Counsel

GANNETT PEAK: Seeks to Hire The Dakota Bankruptcy Firm as Counsel
GENESIS GLOBAL: Mediation to End Soon Regardless of Deal Status
GLOBAL MEDICAL: Ares Capital Marks $12.4M Loan at 44% Off
GLOBAL MEDICAL: Ares Capital Marks $28.9M Loan at 44% Off
GLOBAL MEDICAL: Ares Capital Marks $95M Loan at 43% Off

GREENBERG GOURMET: Seeks to Tap McNamee Hosea as Bankruptcy Counsel
GREENBERG GOURMET: Seeks to Tap Sandra Chiman CPA as Accountant
GUARDIAN BASEBALL: Files Emergency Bid to Use Cash Collateral
GUARDIAN FUND: Seeks to Hire Excelsis as Accountant
HOLIDAY HAM: Gets OK to Tap Morris Realty and Auction

HOT'Z POWER: Unsecureds to Get Share of Income for 36 Months
HTG MOLECULAR: Committee Taps Mesch Clark & Rothschild as Counsel
HTG MOLECULAR: Committee Taps Womble Bond Dickinson as Del. Counsel
IMPLUS FOOTCARE: Ares Capital Marks $117M Loan at 15% Off
JDC HEALTHCARE: Ares Capital Marks $4.9M Loan at 53% Off

JDC HEALTHCARE: Ares Capital Marks $41.5M Loan at 52% Off
JEFFERIES FINANCE: S&P Alters Outlook to Neg., Affirms 'BB-' ICR
JR7 WORLDWIDE: Susan Seflin Named Subchapter V Trustee
JT & SON: Seeks Cash Collateral Access
KRATON CORP: Moody's Alters Outlook on 'Ba3' CFR to Negative

LAKE DISTRICT: LRK Says Disclosures Inadequate
LAKE DISTRICT: Romspen Says Plan Not Feasible
LANNETT COMPANY: Taps Omni Agent Solutions as Administrative Agent
LAURA'S ORIGINAL: Confirmation Hearing Continued to Sept. 11
LESLIE'S POOLMART: Moody's Cuts CFR & Sr. Secured Term Loan to B1

LIFESCAN GLOBAL: Ares Capital Marks $13.2M Loan at 20% Off
LTL MANAGEMENT: Victims, J&J Agree to Speedy Bankr. Ruling Appeal
LUMEN TECHNOLOGIES: Taps Guggenheim, Wachtell Lipton for Advice
MAILSOUTH INC: Ares Capital Marks $8.7M Loan at 80% Off
MEDIAMATH HOLDINGS: Court Approves Stock Transfer Procedures

MEGNA BELL: John-Patrick Fritz Named Subchapter V Trustee
MERCY HOSPITAL: Case Summary & 30 Largest Unsecured Creditors
MINSHEW BROTHERS: Case Summary & 20 Largest Unsecured Creditors
MISEN INC: Fine-Tunes Plan Documents
MOBIQUITY TECHNOLOGIES: Effects 1-for-15 Reverse Stock Split

NIKOFAM INC: Unsecured Creditors to Recover 100% over 5 Years
NOVAN INC: Seeks to Hire Morris Nichols Arsht & Tunnell as Counsel
NOVAN INC: Taps Raymond James & Associates as Investment Banker
NOVAN INC: Taps SierraConstellation Partners as Financial Advisor
OCEAN SEGA: Seeks to Hire Joyce W. Lindauer as Bankruptcy Counsel

OLYMPIA ACQUISITION: Ares Capital Marks $3.2M Loan at 41% Off
OLYMPIA ACQUISITION: Ares Capital Marks $53.3M Loan at 40% Off
OLYMPIA ACQUISITION: Ares Capital Marks $7.2M Loan at 40% Off
ONCOSEC MEDICAL: Aug. 10 Auction for Lab, R&D Facility
OVERLAND PARK: S&P Alters Outlook to Positive, Affirms 'BB-' ICR

PARTY CITY: Executives Hid Liquidity Woes Prior to Bankruptcy
PETRI ENTERPRISES: Taps The Dakota Bankruptcy Firm as Legal Counsel
PHASEBIO PHARMACEUTICALS: MLM Steps Down as Committee Member
PONTCHARTRAIN LLC: Seeks to Hire Walker Law Offices as Counsel
PROTERRA INC: Case Summary & 30 Largest Unsecured Creditors

PUERTO RICO: PREPA's Debt Deal Extended by a Week
PURDUE PHARMA: Blocks DOJ's Push to Stop Bankruptcy Plan
QUANTUM VALVE: Trustee Taps Reid Collins & Tsai as Special Counsel
RAKKI LLC: Seeks to Hire The Lane Law Firm as Bankruptcy Counsel
RAPID METALS: Committee Gets OK to Tap Schafer & Weiner as Counsel

RAPID METALS: Wins Interim Cash Collateral Access
RAPID P&P: Wins Interim Cash Collateral Access
RD HOLDCO: Ares Capital Marks $26M Loan at 55% Off
ROCKWOOD SERVICE: Moody's Affirms 'B2' CFR, Outlook Remains Stable
SABRE CORP: S&P Rates New $995MM Senior Secured Notes 'B-'

SHO HOLDING I: Ares Capital Marks $124.9M Loan at 50% Off
SONICWALL HOLDINGS: S&P Affirms 'B-' ICR on Refinancing
SRPC PROPERTIES: Wins Cash Collateral Access on Final Basis
SSE BUYER: Ares Capital Marks $23.4M Loan at 65% Off
SUMMIT SPRINGS: Unsecureds to be Paid in Full over 12 Months

SVP SINGER: Ares Capital Marks $44M Loan at 25% Off
TACALA INVESTMENT: Moody's Affirms B3 CFR, Outlook Remains Stable
TEGRA118 WEALTH: S&P Downgrades ICR to 'CCC+', Outlook Negative
TESSEMAE'S LLC: Democracy Says Disclosure Inadequate
TESSEMAE'S LLC: UST Says Disclosure Omits Relevant Information

THREE ARROWS: Co-Founder Says Bankruptcy Court Can't Sanction Him
TM EXPRESS: Case Summary & Seven Unsecured Creditors
TRONOX FINANCE: Moody's Rates $300MM Incremental Term Loan 'Ba2'
TRONOX HOLDINGS: S&P Alters Outlook to Stable, Affirms 'B+' ICR
TUPPERWARE BRANDS: Delays 10-Q Filing for Period Ended July 1

TUPPERWARE BRANDS: Finalizes Debt Restructuring Deal With Lenders
UNITY ELECTRICAL: Wins Interim Cash Collateral Access
UPTOWN 240: Sept. 12 Deadline for Qualified Bids Set
UPTOWN 240: Sept. 12, 2023 Bid Deadline for Dillon Property Set
VANTAGE TRAVEL: Appointment of Customers' Committee Sought

VANTAGE TRAVEL: U.S. Trustee Appoints Creditors' Committee
VIVO TECHNOLOGIES: Has Deal on Cash Collateral Access
VT TOPCO: Fitch Gives First Time 'B' LongTerm IDR, Outlook Stable
WAFRA CAPITAL: Secured Creditor Sets Auction for Sept. 9
WELLPATH HOLDINGS: Ares Capital Marks $33.4M Loan at 26% Off

WELLPATH HOLDINGS: Ares Capital Marks $4.1M Loan at 27% Off
WILDCAT MET: Gets OK to Hire Larry Morhous as Mediator
WILLIAMSBURG BOUTIQUE: Case Summary & 20 Top Unsecured Creditors
YELLOW CORP: Expects Nasdaq Delisting Following Bankruptcy
[] Claims Trading Report -- July 2023


                            *********

1716 R STREET: Unsecureds to Get Amounts Left Over From Reserves
----------------------------------------------------------------
The Lerae Towers, LLC, and Lerae Towers II, LLC, submitted a Second
Amended Disclosure Statement with respect to its Third Amended
Joint Plan of Reorganization

The Lerae Towers, LLC and Lerae Towers II, LLC are single asset
real estate limited liability companies organized under the laws of
the District of Columbia with a principal place of business located
in the District of Columbia. The sole significant tangible asset of
each Debtor is Debtor's real property located at:

   * For The Lerae Towers, LLC, the 537 Property: that that certain
real property located at 537 Peabody Street, NW Washington, DC
20011, Lot 0100, Square 3201, and all improvements
thereon.

   * For Lerae Towers II, LLC 1241 Property: that certain real
property located at 1241 Raum Street, NE, Washington DC 20002, Lot
0214, Square 4055 and all improvements thereon

The 1241 Property is pledged to WCP Fund I LLC in its Capacity as
Servicer for SF NU, LLC its Capacity as Servicer for SF NU, LLC
("WCP Fund") in the asserted amount of $1,274,197.01 plus attorneys
fees as of May 2, 2023, plus a second lien of approximately
$700,266.69 (the "WCP Second Lien").

The 537 Property is pledged to MainStreet Bank, which has an
asserted balance owed as of the Petition Date of $1,325,053.91. WCP
also asserts the WCP Second Lien against the 537 Property.

The Plan proposes the reduction of WCP's lien on the 537 Property
to $325,000, with an unsecured claim in the amount of $3 million,
which is subject to a $2.5 million discount if paid within three
years.

The Plan proposes to sell the 1241 Property to WCP in exchange for
a $5,250.00 reserve, plus $250 in U.S. Trustee fees (the "1241 WCP
Reserve").

Under the Plan, Class 1C Unsecured Claims against The LeRae Towers,
LLC, on the Distribution Date, The LeRae Towers, LLC will pay any
amounts left over from the LeRae Reserve after payment of
Administrative and Priority Tax Claims, to holders of General
Unsecured Claims in full and complete satisfaction of General
Unsecured Claims. Class 1C is impaired.

Class 2C Unsecured Claims against LeRae Towers II, LLC, on the
Distribution Date, LeRae Towers II, LLC will pay any amounts left
over from the LeRae II Reserve after payment of Administrative and
Priority Tax Claims, to holders of General Unsecured Claims in full
and complete satisfaction of General Unsecured Claims. Class 2C is
impaired.

To generate sufficient funds to assist in consummating this Plan,
the LeRae Towers, LLC will refinance its secured debt to MainStreet
Bank and WCP Fund I LLC as Servicer for SF NU, LLC within 1 year of
entry of the Confirmation Order (the "LeRae Refinance").  The
proceeds will first be used to pay off MainStreet Bank, and then to
pay closing costs and US Trustee fees. The debtor The Lerae Towers,
LLC will utilize its best efforts to secure the closing of the
LeRae Refinance as quickly as possible after the date of the entry
of the Confirmation Order and will provide to MainStreet Bank on
the 1st day of each month after the date of the entry of the
Confirmation Order written status updates with respect to the LeRae
Refinance. If the closing of the LeRae Refinance does not occur
within 1 year of entry of the Confirmation Order, MainStreet Bank
shall have the absolute, unrestricted right to complete a
foreclosure of the 537 Property and pursue any other rights or
available claims under the MainStreet loan documents without regard
to any injunction, decree, or stay, automatic or otherwise, in this
or any subsequent bankruptcy case.

In full and complete satisfaction of the Allowed Secured Claim of
the WCP Entities against LeRae Towers II, LLC, at a time of WCP
Fund I LLC's choosing, after seven days notice, LeRae Towers II,
LLC shall convey the 1241 Property to WCP Fund I LLC or any other
entity to which WCP Fund I directs that LeRae Towers II, LLC makes
such transfer. WCP Fund I LLC shall be responsible for all costs of
effectuating such transfer, including payment of all required
taxes, provided such transfer shall be regarded as one made
pursuant to a confirmed plan of reorganization and the Debtors
shall undertake all best efforts to ensure such transfer be
regarded as exempt from tax pursuant to the allowances of the
Bankruptcy Code.

The Bankruptcy Court has scheduled the Confirmation Hearing for
August 31, 2023, at 10:00 a.m. (prevailing Eastern time), at the
United States Bankruptcy Court for the District of Columbia,
Courtroom 1, U.S. Courthouse, 333 Constitution Avenue, Washington,
DC 20001.

The Bankruptcy Court has directed that objections, if any, to
confirmation of the Plan must be filed with the Clerk of the
Bankruptcy Court and served so that they are received on or before
August 24, 2023

Counsel for the Debtors:

     Justin P. Fasano, Esq.
     MCNAMEE HOSEA, P.A.
     6411 Ivy Lane, Suite 200
     Greenbelt, MD 20770
     Tel: (301) 441-2420
     Fax: (301) 982-9450
     E-mail: jfasano@mhlawyers.com

A copy of the Second Amended Disclosure Statement dated July 28,
2023, is available at bit.ly/4591RYq from PacerMonitor.com.

                   About 1716 R Street Flats

1716 R Street Flats, LLC, and affiliates sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.D.C. Lead Case No.
23-00017) on Jan. 16, 2023.  In the petition signed by Richard
Cunningham, managing member, 1716 R Street Flats disclosed up to $1
million in assets and up to $10 million in liabilities.

Judge Elizabeth L. Gunn oversees the cases.

McNamee Hosea, PA, is the Debtor's legal counsel.


40 & HOLDING: Bankruptcy Administrator Unable to Appoint Committee
------------------------------------------------------------------
The U.S. Bankruptcy Administrator for the Eastern District of North
Carolina disclosed in a court filing that no official committee of
unsecured creditors has been appointed in the Chapter 11 case of 40
& Holding, LLC.

                        About 40 & Holding

40 & Holding, LLC, doing business as The London Bridge Pub, is a
pub serving food, beverages and alcoholic beverages in downtown
Raleigh. It also hosts special events such as open mic nights, DJ
performances, karaoke, and broadcasts soccer games for its
clientele.

40 & Holding sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D.N.C. Case No. 23-01637) on June 13,
2023, with up to $50,000 in assets and up to $1 million in
liabilities. Michael A. Ruiz, owner and member, signed the
petition.

Judge Joseph N. Callaway oversees the case.

The Debtor tapped Kathleen O'Malley, Esq., at Stevens Martin Vaughn
& Tadych, PLLC as legal counsel and Debra Fowler, CPA, PA as
accountant.


4424 NORTH BAILEY: Creditors to Recover 100% in 5 Years
-------------------------------------------------------
4424 North Bailey, LLC, submitted a Chapter 11 Disclosure Statement
and Plan of Reorganization.

The proposed Plan will enable the Debtor to continue operating as
an LLC owning the commercial building at 4424 North Bailey, while
satisfying the claims of its creditors over a 5-year period.  The
Debtor plans to pay all secured and priority claims 100% and
allowed nonpriority and unsecured claims at a rate of 100% over the
life of the Plan.

4424 North Bailey, LLC or "Debtor" operates a commercial 4-unit
rental property in Amherst, NY. The Ch 11 petition was filed in
October 2022 was filed to stay the enforcement of property taxes
owing on the property when Debtor took title in October 2022. The
debtor has one member, Mosen Haidara. The Ch. 11 herein was
intended to satisfy all the financial issues that threatened the
viability of the building. Those financial pressures led to the
decision to file for protection under Chapter 11 of the US
Bankruptcy Code on October 2, 2022.

The Debtor's Plan of reorganization will include using a hump sum
of $170,000 obtained from refinancing a property owned by Eman S.
Abdulla, the wife of the LLC's principal, Mosen Haidara and making
monthy payments to retire the remaining debt from rents currently
received from the Bailey Avenue property over 5 years.  Current
financials show Debtor's monthly rental revenue is $3250 with an
increase to $4000 when the final vacant unit is occupied in
September 2023.  The Debtor believes that putting these issues
behind him, that current and future revenues are capable of funding
a Plan as outlined above.

Under the Plan, Class 2 Secured Claims - Taxes is impaired.  Under
Section 507 of the U.S. Bankruptcy Code, the Debtor owes an
aggregate amount of $234,555 in secured tax debt to the County of
Erie.  After a $170,000 pay down the remaining $65,000 will be paid
in 60 monthly payments of $1,100 but should be satisfied well
before the maximum time proposed.

There are no Class 4 Unsecured Claims.

The Plan contemplates that the debtor will make Plan payments out
of the profitable operation of Debtor's business.  The total
monthly payment will be $1,100. ($13,200), annually until
completion.  The Debtor estimated earlier that it shall have
revenues of about $50,000 on an overhead of $9,600 annually. The
Plan is adequately supported by debtor's current revenues.

Attorney for the Debtor:

     James M. Joyce Esq.
     4733 Transit Road
     Lancaster, NY 14043
     Tel: (716) 656-0600

A copy of the Chapter 11 Disclosure Statement and Plan of
Reorganization dated July 28, 2023, is available at bit.ly/3OE0M5l
from PacerMonitor.com.

                     About 4424 North Bailey

4424 North Bailey, LLC filed a Chapter 11 bankruptcy petition
(Bankr. W.D.N.Y. Case No. 22-10897) on Oct. 4, 2022, with up to $1
million in both assets and liabilities. Judge Carl L. Bucki
oversees the case.

The Debtor is represented by James Joyce, Esq., a practicing
attorney in Lancaster, N.Y.


575 BOULEVARD: Court Approves Disclosure Statement
--------------------------------------------------
Judge John T. Laney, III, has entered an order approving 575
Boulevard, LLC's Disclosure Statement dated June 5, 2023.

Sept. 14, 2023, at 2:00 p.m. at U. S. Bankruptcy Courtroom, One
Arsenal Place, Suite 309, 901 Front Avenue, Columbus, GA 31901 is
fixed for the hearing on confirmation of the Plan.

Sept. 8, 2023, is fixed as the last day for filing and serving
written objections to confirmation of the Plan.

Sept. 8, 2023, is fixed as the last day for filing written
acceptances or rejections of the Plan.

                     About 575 Boulevard LLC

575 Boulevard LLC is a Single Asset Real Estate (as defined in 11
U.S.C. Sec. 101(51B)).

575 Boulevard LLC filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Ga. Case No. 22-71057) on Dec. 5,
2022.  In the petition filed by Jeffrey L. Wilson, as manager, the
Debtor reported assets between $500,000 and $1 million and
liabilities between $1 million and $10 million.

The Debtor is represented by:

    Gregory D. Taylor, Esq
    Stone & Baxter, LLP
    103 N Bartow St
    Nashville, GA 31639


AEMETIS INC: Incurs $25.3 Million Net Loss in Second Quarter
------------------------------------------------------------
Aemetis, Inc. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q disclosing a net loss of $25.28
million on $45.11 million of revenues for the three months ended
June 30, 2023, compared to a net loss of $209,000 on $65.90 million
of revenues for the three months ended June 30, 2022.

For the six months ended June 30, 2023, the Company reported a net
loss of $51.69 million on $47.26 million of revenues compared to a
net loss of $18.50 million on $117.95 million of revenues for the
six months ended June 30, 2022.

As of June 30, 2023, the Company had $212.58 million in total
assets, $108.92 million in total current liabilities, $342.60
million in total long-term liabilities, and a total stockholders'
deficit of $238.94 million.

"Revenues for the second quarter of 2023 reflect our India
Biodiesel segment fulfilling $33.6 million of supply contracts from
the three Oil Marketing Companies combined with the restart of the
Keyes plant in late May as we completed the maintenance cycle which
allowed for the acceleration of the implementation of several
important ethanol plant efficiency upgrades," said Todd Waltz,
chief financial officer of Aemetis.  "Investments in capital
projects were $9.8 million for the first half of 2023 as our
engineering and construction teams moved forward with the
initiatives outlined in our Five-Year Plan," added Waltz.

"We are pleased with the many milestones accomplished during the
first half of 2023 regarding the Aemetis Biogas assets brought into
service including seven biogas digesters and a 40-mile biogas
pipeline; our India team fulfilling India government OMC biodiesel
sales contracts at our India plant; land and air permitting
progress for the Riverbank SAF/RD plant; permitting progress for
the Aemetis Carbon Capture business that resulted in the first CO2
characterization well permit issued by the State of California;
solar, ZEBREX, MVR and other energy efficiency projects at the
Keyes ethanol plant supported by $16.7 million of California Energy
Commission and PG&E utility grants; and restarting the Keyes plant
in late May during a period of high margins for the ethanol
industry," said Eric McAfee, Chairman and CEO of Aemetis.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/738214/000143774923022049/amtx20230630c_10q.htm

                           About Aemetis

Headquartered in Cupertino, California, Aemetis, Inc. --
http://www.aemetis.com-- is an international renewable natural
gas, renewable fuels and byproducts company focused on the
acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products.
The Company operates in two reportable geographic segments: "North
America" and "India."

Aemetis reported a net loss of $107.76 million for the year ended
Dec. 31, 2022, compared to a net loss of $47.15 million for the
year ended Dec. 31, 2021.  As of March 31, 2023, the Company had
$210.38 million in total assets, $103.63 million in total current
liabilities, $329.17 million in total long-term liabilities, and a
total stockholders' deficit of $222.42 million.


AEROCISION PARENT: Quick Chapter 11 Timeline Approved
-----------------------------------------------------
Emily Lever of Law360 reports that bankrupt airplane engine part
supplier AeroCision on Tuesday, August 1, 2023, got a Delaware
bankruptcy judge's signoff on its first-day motions and its
proposed timeline to wrap the case up in just over a month through
a prepackaged Chapter 11 plan.

The Court set a hearing to consider final approval of the
Disclosure Statement and confirmation of the Plan for Sept. 6,
2023, at 9:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl.,
Courtroom #3, Wilmington, Delaware.  Any responses or objections to
the Disclosure Statement and/or the Prepackaged Plan are due no
later than August 29, 2023 at 4:00 (ET).

The Prepackaged Plan contemplates, among other things, the
occurrence of the following restructuring transactions on the
effective date of the Prepackaged Plan, pursuant to and subject to
the terms of the Prepackaged Plan:

   i. The Debtors will restructure their current debt facilities
with three new exit facilities that, in the aggregate, will also
provide new funding, in addition to converting the DIP funding
described below: (a) the New Super Senior Lien Facility; (b) the
New First Lien Facility; and (c) the New Holdco Term Loan Facility
to reduce the aggregate debt at the Debtors after confirmation.
The New Super Senior Lien Facility, the New First Lien Facility,
and the New Holdco Term Loan Facility are more fully described in
the Exit Facilities Term Sheet attached to the Prepackaged Plan.

  ii. The Prepetition First Lien Lenders, in their capacity as DIP
Lenders, will provide the Debtors with $12,500,000 in DIP funding.
The balance owing under the DIP and the availability of any undrawn
portion of it will be converted to a New Super Senior Loan under
the New Super Senior Lien Facility on the effective date of the
Prepackaged Plan. Immediately upon conversion, the New Super Senior
Loans, and related guaranties, shall be secured by an all-asset,
first priority lien and pledge on all assets of the Reorganized
Debtors, substantially similar to the liens and pledges that were
granted to the Prepetition Superpriority Lien Lenders and the
Prepetition First Lien Lenders.

iii. On the Effective Date (a) the Bridge Loan Claim (related to
the bridge loan financing provided by LHCP Fund I to the Debtors
shortly before the Petition Date) will be converted to a New Super
Senior Revolving Loan in the amount of $2,500,000 under the New
Super Senior Lien Facility; (b) LHCP Fund I and the other New
Equity Sponsors will provide $3,750,000 in additional new loans
under the New Super Senior Lien Facility (in addition to the new
equity capital described below), $8,750,000 in New Equity Financing
Payment, and $1,250,000 in the LH Incremental Equity; (c) the DIP
Lenders will provide $2,000,000 in new loans under the New Super
Senior Lien Facility (in addition to the rollover of the DIP
Loans); and (d) the Prepetition Second Lien Lenders will provide
$2,000,000 in new loans under the New Super Senior Lien Facility.

  iv. On the Effective Date, the Superpriority Lien Claims will be
converted to New First Lien Term Loans.  Approximately
$35,583,705.40 in principal, plus pro rata interest, fees, and
costs, related thereto, of the First Lien Claims will be converted
to New First Lien Term Loans and $2,625,000 in Second Lien Claims
will be converted, and shall be deemed converted, to a New First
Lien Term Loan under the New First Lien Term
Facility to bring the aggregate principal balance of the New First
Lien Term Loan to not more than $42,625,000.

   v. On the Effective Date, the remaining principal balance, plus
pro rata interest, fees, and costs related thereto, owing on the
First Lien Claims will be converted into the New Holdco Term Loan
Facility. The New Holdco Term Loan Facility shall be guaranteed by
the Reorganized Debtors as more fully described in the Exit
Facilities Term Sheet.

  vi. On the Effective Date, 100% of the Second Lien Claims will be
extinguished and the Second Lien Lenders will receive the following
treatment: (i) $2,625,000 will be converted, and be deemed
converted, to the New First Lien Facility; provided, however, that
such amount shall not accrue interest, fees, or expenses; (ii)
$6,875,000 will be converted, and be deemed converted, into the New
Holdco Term Loan Facility; (iii) four percent (4%) of the New
Common Holdco Equity; and (iv) the right to contribute $2,000,000
in principal amount of the New Super Senior Lien Facility.  This
elimination of the Second Lien Obligations and the conversion of a
portion of the Prepetition First Lien Obligations will reduce the
debt at the Reorganized Debtors by approximately $27,500,000.

vii. The New Super Senior Loans and guarantees provided
thereunder, the New First Lien Loans and the guarantees provided
thereunder, and the guaranties provided pursuant to the New Holdco
Term Loans shall, on or immediately prior to the Effective Date, be
secured by all-asset, first priority Lien, pledges, and
encumbrances on all assets of the Reorganized Debtors, whether then
owned or thereafter acquired, substantially similar to those Liens,
pledges, and encumbrances that were granted to the Prepetition
Superpriority Lien Lenders and the Prepetition First Lien Lenders.

viii. Allowed General Administrative Expenses will be paid in the
ordinary course of business, unless otherwise agreed to by the
Holder of such Claim and the Debtors or the Reorganized Debtors, as
applicable.

  ix. Priority Non-Tax Claims, Other Secured Claims, and General
Unsecured Claims will be unimpaired.

                       About AeroCision LLC

AeroCision, LLC, and its affiliates are part of an organization
known as Bromford Group, a global manufacturing business in the
aerospace, defense, and power generation industry that was founded
in the United Kingdom in 1973. Bromford supplies turbine engine and
related components to all major OEM's (i.e., original equipment
manufacturers), including many of the industry's most prominent
manufacturers, like General Electric Aviation, Pratt & Whitney, and
Rolls Royce, among others.  The manufacturers use Bromford's
components to manufacture engines for aircraft and other vehicles.

AeroCision Parent, LLC, and two affiliates, including AeroCision,
LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
23-11032) on July 31, 2023, with $100 million to $500 million in
assets and $100 million to $500 million in liabilities.  David
Nolletti, chief restructuring officer, signed the petitions.

Judge Karen B. Owens oversees the case.

YOUNG CONAWAY STARGATT & TAYLOR, LLP is the Debtors' counsel.

RIVERON CONSULTING, LLC, is the restructuring advisor, and
JEFFERIES LLC is the investment banker.  EPIQ CORPORATE
RESTRUCTURING, LLC, is the claims agent.


ALROD LOGISTICS: Seeks Cash Collateral Access
---------------------------------------------
Alrod Logistics, Inc. asks the U.S. Bankruptcy Court for the Middle
District of Florida, Jacksonville Division, for authority to use
cash collateral to meet post-petition contractual and tax
obligations related to payroll, inventory and equipment owned by
the Debtor and ongoing business operations.

As of the Petition Date, the Debtor was indebted to U.S. Small
Business Administration in the approximate amount of $88,000 and
Amerifactors Financial Group, LLC pursuant to a factoring
agreement. The Debtor's obligation is evidenced by a Promissory
Note, Security Agreement, Financing Statement, and Chattel Mortgage
executed on or about July 29, 2020 to the SBA and April 11, 2022 to
Amerifactors, pursuant to which the Lender provided funds to the
Debtor.

The Debtor estimates the value of the cash and accounts receivable
to be approximately $70,000 based on a current aging report of
receivables less than 90 days old. Accordingly, the two initial
account receivable liens are not fully secured by cash collateral
but are critical to the ability to reorganize of the Debtor and are
secured by other assets of the Debtor, while the remaining liens
are wholly unsecured and treated.
The Debtor is willing to enter into an agreement with the two
primary secured creditors, SBA and Amerifactors, to provide a
post-petition replacement lien of a continuing nature on all
post-petition accruing cash collateral to the secured creditor.

A copy of the motion is available at https://urlcurt.com/u?l=p8eYYt
from PacerMonitor.com.

                    About Alrod Logistics, Inc.

Alrod Logistics, Inc. offers pipe lining services. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. M.D. Fla. Case No. 23-01820) on August 3, 2023. In the
petition signed by Alejandro Echeverria, president, the Debtor
disclosed $922,927 in assets and $3,732,863 in liabilities.

Bryan K. Mickler, Esq., at Law Offices of Mickler & Mickler, LLP,
represents the Debtor as legal counsel.


API COMMERCIAL: Ares Capital Marks $7M Loan at 50% Off
------------------------------------------------------
Ares Capital Corporation has marked its $7 million loan extended to
API Commercial Inc., API Military Inc., and API Space Intermediate,
Inc to market at $3.5 million or 50% of the outstanding amount, as
of June 30, 2023, according to a disclosure contained in Ares
Capital's Form 10-Q for the quarterly period ended June 30, 2023,
recently filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to API Commercial Inc., API Military Inc., and API Space
Intermediate, Inc. The loan matures in August 2025.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

API Commercial Inc., API Military Inc., and API Space Intermediate,
Inc. provide military aircraft aftermarket parts and distribution,
repair and logistics services.



ATI INC: Moody's Rates New $400MM Senior Unsecured Notes 'B2'
-------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to ATI Inc.'s
proposed $400 million senior unsecured notes. ATI's B1 Corporate
Family Rating, B1-PD Probability of Default Rating, the B2 rating
on its existing senior unsecured notes, the (P)B2 rating on its
senior unsecured shelf, its Speculative Grade Liquidity Rating of
SGL-2 and its positive outlook remain unchanged. The B2 rating and
positive outlook on the Allegheny Ludlum, LLC guaranteed debentures
remains unchanged as well.

ATI intends to use up to approximately $300 million of the net
proceeds to fund its pension liabilities and to implement pension
de-risking strategies, potentially including annuitizations.  Any
remaining net proceeds will be used to bolster its liquidity and
for general corporate purposes.

Assignments:

Issuer: ATI Inc.

Senior Unsecured Regular Bond/Debenture, Assigned B2

RATINGS RATIONALE

ATI Inc.'s B1 corporate family rating reflects its moderate
leverage and adequate interest coverage and the expectation these
metrics will strengthen along with the company's operating
performance mainly due to the ongoing recovery in the commercial
aerospace market. ATI's rating also reflects its position as a
leading producer of specialty titanium and titanium alloys,
nickel-based alloys and super alloys serving a wide range of end
markets including aerospace and defense, energy, medical,
electronics, automotive and others. The company benefits from long
term agreements (LTA's) with many of its customers across the
airframe, aero engine, defense and medical markets. The rating also
incorporates its good liquidity position which provides support to
its credit profile and enables it to navigate periods of weakness
in the aerospace sector and investments in working capital as its
business recovers. The rating also incorporates the extreme
historical volatility of its operating performance which tends to
track the aerospace cycle as well as the risk of lower demand as
worldwide economic growth weakens.

ATI's operating performance is expected to continue to improve
along with the recovery in the commercial aerospace sector, since
the aerospace and defense sectors account for more than 50% of
revenue in a typical year. It will also benefit from market share
gains, growth investments and efficiency improvements. This should
continue to more than offset softness in its general industrial end
markets and lingering economic impacts associated with the Asian
precision rolled strip business. Therefore, Moody's anticipate that
ATI's adjusted EBITDA will rise to the range of $625 million - $650
million in 2023 versus $613 million in 2022. However, the company
is not expected to generate free cash flow due to contributions to
its pension plans and elevated capital spending on growth
initiatives. Nevertheless, it is expected to maintain a good
liquidity profile and will have an over funded pension plan once
its strategic pension transaction is completed.

ATI's credit metrics are expected to modestly weaken in the near
term as it's Moody's adjusted debt rises from the pension
transaction as the debt issued will be larger than the elimination
of the pension underfunding. Moody's anticipate its leverage ratio
(debt/EBITDA) will be around 3.5x and its interest coverage
(EBIT/Interest) about 4.0x. Its credit metrics could strengthen in
2024 if its operating performance continues to improve supported by
the recovery in the aerospace & defense sector, its strong order
backlog and growth investments, or it uses free cash flow to pay
down debt.

ATI's speculative grade liquidity rating of SGL-2 considers the
company's good liquidity profile which consists of $267 million in
cash and approximately $500 million of borrowing availability on
its $600 million asset-based lending credit facility as of June 30,
2023. The company utilized $39.4 million of its revolver
availability to support the issuance of letters of credit and had
$50 million of outstanding borrowings. Moody's expect ATI's
liquidity to materially strengthen in the second half of the year
as it receives proceeds from the note offering and seasonally
generates cash from working capital reductions.

The B2 rating on ATI's senior unsecured debt instruments reflects
the effective subordination of the unsecured debt relative to the
ABL facility and the term loan. The senior unsecured debt at
Allegheny Ludlum (guaranteed by ATI) has the same rating as the
senior unsecured debt at ATI given the high level of
interdependence between the operations. The instruments are also
considered to be at parity given the significantly higher asset
values of ATI relative to the asset value of Allegheny Ludlum and
the view that given the operating interdependence, ATI would
support Allegheny Ludlum.

The positive outlook incorporates Moody's expectation that ATI's
operating performance and credit metrics will strengthen over the
next 12 to 18 months and its credit metrics will be strong for its
rating.

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

ATI's rating could be upgraded if the company pays down its funded
debt and demonstrates the ability to sustain EBIT/interest above
3.0x, debt/EBITDA below 3.5x and an adjusted operating margin above
7%.

Downward rating pressure could materialize if ATI's adjusted
operating margin declines below 5%, retained cash flow is sustained
below 8% of outstanding debt or its leverage ratio remains above
5.0x. The rating could also be downgraded if the company's
liquidity position materially deteriorates.

Headquartered in Dallas, Texas, ATI Inc. is a diversified producer
of components and specialty metals such as titanium and titanium
alloys, nickel-based alloys and specialty steel alloys. It sells
these products to the aerospace & defense, specialty energy,
electronics and medical sectors. For the twelve months ended June
30, 2023 the company generated revenues of $4.1 billion.

The principal methodology used in this rating was Aerospace and
Defense published in October 2021.


ATI INC: S&P Alters Outlook to Positive, Affirms 'B+' ICR
---------------------------------------------------------
S&P Global Ratings revised the outlook to positive from stable on
ATI Inc. S&P also affirmed its 'B+' issuer credit rating on ATI and
assigned its 'B+' issue-level rating to the company's proposed
senior unsecured notes.

The positive outlook reflects S&P's view that ATI's leverage should
trend below 3x over the next 12 months as structural improvement in
ATI's assets and product mix shift to aerospace drives earnings and
profitability growth.

S&P said, "We continue to see ATI's business and competitive
position improve, demonstrated by its rapid recovery in earnings
and credit metrics. ATI has restructured and streamlined its asset
portfolio over the last two years, taking out costs and pivoting
production capacity toward higher-value aerospace volumes. A shift
in ATI's product mix and commercial strategy toward growing its
aerospace business should support a sustained improvement in its
competitive position. ATI is targeting 65% of revenue from the
aerospace and defense market by 2025. As of June, the company
reached 58%, compared to 46% a year ago. This has translated into
incremental margin expansion, with S&P Global Ratings adjusted
EBITDA margins of almost 16% as of June 30, 2023, compared to 13.7%
in 2019.

"At the same time, debt to EBITDA has improved to 3x as of June 30,
2023, compared to 4.5x a year ago. We expect ATI to generate EBITDA
of about $650 million this year and we see potential for earnings
to continue to expand in 2024 and onwards." Furthermore, original
equipment manufacturers (OEM) are increasing aircraft build rates,
in both wide- and narrow-body planes, to meet demand for growing
aircraft fleets while fuel-efficiency efforts are driving the
adoption of the next generation aircrafts. These should lead to
additional volumes and profitability for ATI.

The planned pension funding and implementation of de-risking
strategies should significantly reduce the company's pension
liabilities, which has historically added volatility to its credit
metrics and cash flow. While the accompanying debt issuance will
lead to a modest increase in debt, the transaction reduces volatile
pension liabilities and replaces them with a stable and visible
liability. Simultaneously, we expect this exercise to improve free
operating cash flow (FOCF) in future years since cash contributions
to counter pension deficits will materially diminish. As the
company's cash flow generation improves over the next 12-24 months,
S&P expects the company to continue reinvesting in its business to
meet future demand and use free cash flow to reduce debt.

The positive outlook reflects S&P's view that ATI's leverage should
continue to improve and sustain below 4x over the next 12 months as
the structural improvement in ATI's assets and product mix shift to
aerospace drives earnings and profitability growth.

S&P could revise the outlook to stable if debt to EBITDA increases
above 5x. This could occur if:

-- A recessionary environment disrupts recovery in the commercial
aerospace market;

-- Weaker market conditions drive lower revenue, costs for
materials are persistently elevated, or ATI can no longer
pass-through high costs, resulting in a return to historically
observed earnings volatility; or

-- Cash flows weaken and ATI's liquidity cushion tightens because
of persistently high working capital, more capital expenditure
(capex), and discretionary spending.

S&P could upgrade the rating on ATI if the company sustain debt to
EBITDA below 4x for a couple of years, demonstrating a structural
improvement in competitive position and profitability. This could
result in free cash flow that enables continued reinvestment in
this capital-intensive and innovation-sensitive industry alongside
some debt reduction.



AUTUMN CAB: Court Approves Disclosure Statement
-----------------------------------------------
Judge Nancy Hershey Lord has entered an order approving the
Disclosure Statement of Autumn Cab, Corp.

A hearing will be scheduled for Sept. 12, 2023, at 3:30 p.m., to
consider confirmation of the Plan before the Honorable Nancy H.
Lord, United States Bankruptcy Judge, United States Bankruptcy
Court for the Eastern District of New York, 271-C Cadman Plaza
East, Brooklyn, New York, Courtroom 3577.  The hearing will be
conducted using the Zoom platform.

Objections to confirmation of the Plan must be in writing, must be
set forth particularity the ground(s) for such objection, and must
be filed with the Clerk of the U.S. Bankruptcy Court, Eastern
District of New York by Sept. 5, 2023, at 4:00 p.m.

All ballots voting in favor of or against the Plan are to be
submitted so as to be actually received by counsel for the Debtor
on or before Sept. 5, 2023 at 4:00 p.m.

Counsel for the Debtor must file a ballot tally and an affidavit
and/or brief in support of confirmation by Sept. 6, 2023 at 120:00
p.m.

                         About Autumn Cab

Autumn Cab, Corp., is a Taxi medallion corporation located at 545
Neptune Avenue #9D, Brooklyn, NY 11235.  The Debtor filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.Y. Case No. 22-42981) on Nov. 30, 2022, with $100,001 to
$500,000 in assets and $500,001 to $1 million in liabilities. Judge
Nancy Hershey Lord oversees the case.

Autumn Cab tapped the Law Offices of Alla Kachan, PC as bankruptcy
counsel and Wisdom Professional Services, Inc. as accountant.


AVETTA LLC: Ares Capital Marks $200,000 Loan at 50% Off
-------------------------------------------------------
Ares Capital Corporation has marked its $200,000 loan extended to
Avetta, LLC to market at $100,000 or 50% of the outstanding amount,
as of June 30, 2023, according to a disclosure contained in Ares
Capital's Form 10-Q for the quarterly period ended June 30, 2023,
recently filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Avetta, LLC. The loan accrues interest at a rate of 11.02%
(LIBOR (Q) + 5.75%) per annum. The loan matures in April 2024.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Avetta provides a cloud-based supply chain risk management and
commercial marketplace platform. 


AYALA PHARMACEUTICALS: Signs Merger Agreement With Biosight
-----------------------------------------------------------
Ayala Pharmaceuticals, Inc. and Biosight Ltd., a privately-held
pharmaceutical company developing innovative therapeutics for
hematological malignancies and disorders, announced they have
entered into a definitive merger agreement pursuant to which Ayala
will combine with Biosight in an all-stock transaction.  Upon
completion of the merger, the combined company will operate under
the name Ayala Pharmaceuticals, Inc., and will continue to trade on
the OTCQX under Ayala's current ticker symbol ("ADXS").  Certain of
the current Biosight shareholders have agreed to support the
proposed transaction.

The combined company will work to advance a portfolio of oncology
assets, with a primary focus on Ayala's AL102, a once-daily,
potent, selective, oral gamma-secretase inhibitor (GSI) and
Biosight's Aspacytarabine (BST-236).  AL102 is currently being
evaluated in the registrational RINGSIDE study in desmoid tumors.
There are currently no FDA-approved therapies for the treatment of
unresectable, recurrent or progressive desmoid tumors.  Data from
the Phase 2 portion of RINGSIDE were presented at the recent
American Society of Clinical Oncology Annual Meeting demonstrating
AL102's activity against progressing desmoid tumors.  These data
showed 50% partial response and 100% disease control rates in
evaluable desmoid tumor patients treated with AL102 in the 1.2 mg
once daily arm, the dosing regimen being tested in the ongoing
Phase 3 study.  The majority of the patients from Phase 2 have
continued on study and are now in the open label extension of the
Phase 3 portion of RINGSIDE.  Ayala expects to present updated data
on these patients at a medical conference later this year.

"The addition of Biosight's lead asset aspacytarabine (BST-236)
fits with our strategic vision and core competencies and provides
us with additional avenues towards key clinical catalysts," said
Ken Berlin, president and CEO of Ayala.  "Along with the merger, we
have plans to strengthen our balance sheet and execute our clinical
plans, with the goal of creating sustainable value for patients and
shareholders."

Pini Orbach, PhD, Chairman of Biosight, commented, "The Ayala team
shares our commitment to bringing innovative treatments to cancer
patients in need and we are excited to enter into this merger.
Leveraging the combined capabilities and resources of both
organizations will provide a truly unique opportunity to build a
leading, publicly-traded oncology company with advanced and diverse
clinical stage assets.  I would like to express my deepest
appreciation to the entire Biosight team, and I am proud of their
excellent work and dedication in advancing aspacytarabine and our
pipeline."

About the Merger

Under the terms of the merger agreement, upon completion of the
merger, ownership of the combined company will be split, with 55%
ownership going to Biosight stockholders and 45% going to Ayala
stockholders.  The merger agreement has been unanimously approved
by the Board of Directors of each company, by all directors
entitled to vote.  The transaction is expected to close prior to
the end of the third quarter of 2023, subject to regulatory and
other conditions including approval of Biosight stockholders.

Management and Organization

Effective as of the closing of the merger, the combined company
will be led by Ayala's existing senior management team, with Ken
Berlin serving as president and CEO.  Additionally, the Board of
Directors is expected to consist of nine members, including four
designated by Ayala and four designated by Biosight, as well as Mr.
Berlin.

Advisors

Morgan, Lewis & Bockius LLP and Meitar are serving as legal counsel
to Ayala. Goodwin Procter LLP and Horn & Co. Law Offices are
serving as legal counsel to Biosight.

                       About Ayala Pharmaceuticals

Formerly known as Advaxis, Inc., Ayala Pharmaceuticals, Inc. is a
clinical-stage oncology company focused on developing and
commercializing small molecule therapeutics for patients suffering
from rare and aggressive cancers, primarily in genetically defined
patient populations.

Ayala reported a net loss of $14.36 million for the year ended Oct.
31, 2022, compared to a net loss of $17.86 million for the year
ended Oct. 31, 2021.  As of March 31, 2023, the Company had $20.99
million in total assets, $9.83 million in total current
liabilities, $1.48 million in total long-term liabilities, and
$9.67 million in total stockholders' equity.

New York, NY-based Marcum LLP, the Company's auditor since 2012,
issued a "going concern" qualification in its report dated Feb. 9,
2023, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


BEN-BELLA TRANS: Court Approves Disclosure Statement
----------------------------------------------------
Judge Nancy Hershey Lord has entered an order approving the
Disclosure Statement of Ben-Bella Trans, Corp.

A hearing will be scheduled for Sept. 12, 2023 at 3:30 P.M. to
consider confirmation of the Plan before the Honorable Nancy H.
Lord, United States Bankruptcy Judge, United States Bankruptcy
Court for the Eastern District of New York, 271-C Cadman Plaza
East, Brooklyn, New York, Courtroom 3577. The hearing will be
conducted using the Zoom platform.

Objections to confirmation of the Plan must be in writing, must be
set forth particularity the ground(s) for such objection, and must
be filed with the Clerk of the U.S. Bankruptcy Court, Eastern
District of New York by September 5, 2023 at 4:00 p.m.

All ballots voting in favor of or against the Plan are to be
submitted so as to be actually received by counsel for the Debtor
on or before September 5, 2023 at 4:00 p.m.

Counsel for the Debtor must file a ballot tally and an affidavit
and/or brief in support of confirmation by Sept. 6, 2023 at 12:00
p.m.

                   About Ben-Bella Trans Corp.

Ben-Bella Trans, Corp., operates in the taxi and limousine service
industry. The company is based in Brooklyn, N.Y.

Ben-Bella Trans filed its voluntary petition for Chapter 11
protection (Bankr. E.D.N.Y. Case No. 22-42979) on Nov. 30, 2022,
with $660,000 in assets and $1,351,871 in liabilities.  Ben-Bella
Trans President Benyamin Kinkov signed the petition.

Judge Nancy Hershey Lord oversees the case.

The Law Offices of Alla Kachan, PC, and Wisdom Professional
Services, Inc., serve as the Debtor's legal counsel and accountant,
respectively.


BFR GRANITE: Seeks to Hire DeMarco-Mitchell PLLC as Legal Counsel
-----------------------------------------------------------------
BFR Granite Boardwalk, LLC and MuddledTyme LLC seek approval from
the U.S. Bankruptcy Court for the Eastern District of Texas to
employ DeMarco-Mitchell, PLLC as counsel.

The firm will render these services:

     (a) take all necessary action to protect and preserve the
estate;

     (b) prepare on behalf of the Debtors all necessary legal
papers;

     (c) formulate, negotiate, and propose a plan of
reorganization; and

     (d) perform all other necessary legal services in connection
with these proceedings.

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

     Robert T. DeMarco, Esq.      $400
     Michael S. Mitchell, Esq.    $300
     Barbara Drake, Paralegal     $125

The firm received a retainer of $5,000 from the Debtors.

Robert DeMarco, Esq., a member of DeMarco-Mitchell, 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:
     
     Robert T. DeMarco, Esq.
     DeMarco-Mitchell, PLLC
     1255 W. 15th Street, 805
     Plano, TX 75075
     Telephone: (972) 578-1400
     Facsimile: (972) 346-6791
     Email: robert@demarcomitchell.com

                    About BFR Granite Boardwalk

BFR Granite Boardwalk, LLC, a part of the food service industry,
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. E.D. Texas Case No. 23-41284) on July 18, 2023. In the
petition signed by Jason Graman, authorized representative, the
Debtor disclosed up to $500,000 in assets and up to $10 million in
liabilities.

Judge Brenda T. Rhoades oversees the case.

Robert T. DeMarco, Esq., at DeMarco-Mitchell, PLLC, represents the
Debtor as legal counsel.


BFR GRANITE: Wins Cash Collateral Access on Final Basis
-------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas,
Sherman Division, authorized BFR Granite Boardwalk, LLC to use cash
collateral on a final basis in accordance with the budget, with a
10% variance.

The Debtor requires the use of cash collateral to fund payroll
obligations and pay other operating expenses.

The U.S. Small Business Administration asserts it is secured by
liens on and security interests in substantially all the Debtor's
property and the proceeds thereof.

As adequate protection of the SBA's interest, if any, in the cash
collateral pursuant to 11 U.S.C. Sections 361 and 363(e) to the
extent of any diminution in value from the use of the Collateral
the Court grants Secured Lender replacement security liens on and
replacement liens on all of the Debtor's Equipment, Inventory and
Accounts, whether such property was acquired before or after the
Petition Date.

The Replacement Liens will be equal to the aggregate diminution in
value of the respective Collateral, if any, that occurs from and
after the Petition Date. The Replacement Liens will be of the same
validity and priority as the liens of Secured Lender on the
respective prepetition Collateral.

The Replacements Liens will be subject and subordinate to: (a)
professional fees and expenses of the attorneys, financial advisors
and other professionals retained by any statutory committee if and
when one is appointed; and (b) any and all fees payable to the
United States Trustee pursuant to 28 U.S.C. Section 1930(a)(6), the
Subchapter V Trustee, and the Clerk of the Bankruptcy Court.

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

                 About BFR Granite Boardwalk, LLC

BFR Granite Boardwalk, LLC is part of the food service industry.
The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tex. Case No. 23-41284) on July 18,
2023. In the petition signed by Jason Graman, authorized
representative of the Debtor, the Debtor disclosed up to $500,000
in assets and up to $10 million in liabilities.

Judge Brenda T. Rhoades oversees the case.

Robert T. DeMarco, Esq., at Demarco Mitchell, PLLC, represents the
Debtor as legal counsel.


BISCAYNE BEACH: Seeks Cash Collateral Access
--------------------------------------------
Biscayne Beach Apartments, LLC asks the U.S. Bankruptcy Court for
the Southern District of Florida, Miami Division, for authority to
use cash collateral.

Titziano Mercante, a mortgagee from Pinecrest, Florida, asserts an
interest in the Debtor's cash collateral.

The Debtor has an eight unit building, of which four units are
rented, one of which has moved, but another tenant will be moving
in next week.

The other four units are in the middle of renovation. There is a
total of $7,200, a month in rental income at $1,800 each unit.

Titziano Mercante asserts an interest in the Debtor's cash
collateral.

The Debtor intends to deposit these funds into the Debtor's DIP
account and use these funds to pay the Lender pending confirmation
of the Debtor's Plan of Reorganization and Disclosure Statement as
adequate protection.

The Debtor requests that the hearing be set on August 21, 2023 at
10 a.m., which is the same day and time the Application to Employ
Michael A. Frank is being heard.

A copy of the motion is available at https://urlcurt.com/u?l=0ZG8rP
from PacerMonitor.com.

               About Biscayne Beach Apartments, LLC

Biscayne Beach Apartments, LLC owns an eight-unit apartment
building located at 834-842 84 St, Miami Beach, FL valued at $1.6
million.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-15904) on July 27,
2023.  In the petition signed by Benjamin Shames, manager, the
Debtor disclosed $1,600,621 in assets and $1,182,040 in
liabilities.

Judge Corali Lopez-Castro oversees the case.

Michael A. Frank, Esq., at LAW OFFICES OF FRANK & DE LANA GUARDIA,
represents the Debtor as legal counsel.


BOURBON STREET: Seeks to Tap The Dakota Bankruptcy Firm as Counsel
------------------------------------------------------------------
Bourbon Street LLC seeks approval from the U.S. Bankruptcy Court
for the District of North Dakota to employ The Dakota Bankruptcy
Firm as legal counsel.

The firm will render these services:

     (a) prepare and file all necessary pleadings, motions, and
other court papers, on behalf of the Debtor;

     (b) negotiate with creditors and other interested parties;

     (c) represent the Debtor in any adversary proceedings,
contested matters, and other proceedings before this honorable
court;

     (d) prepare a plan of reorganization on behalf of the Debtor;
and

     (e) tend to such other and further matters as are necessary
and appropriate in the prism of this case.

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

     Partner     $400
     Associate   $200
     Paralegal   $100

Maurice VerStandig, Esq., an attorney at The Dakota Bankruptcy
Firm, 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:

     Maurice B. VerStandig, Esq.
     The Dakota Bankruptcy Firm
     1630 1st Avenue N, Suite B PMB 24
     Fargo, ND 58102
     Telephone: (701) 394-3215
     Email: mac@dakotabankruptcy.com

                       About Bourbon Street

Bourbon Street LLC filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.D. Case No. 23-30246) on July 29,
2023, with as much as $1 million in both assets and liabilities.
Judge Shon Hastings oversees the case.

Maurice B. VerStandig, Esq., at The Dakota Bankruptcy Firm serves
as the Debtor's counsel.


BOURBON STREET: Wins Cash Collateral Access Thru Aug 15
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of North Dakota
authorized Bourbon Street LLC, Petri Enterprises, LLC, and Gannett
Peak, LLC to use cash collateral on an interim basis through August
15, 2023.

The court said consistent with the weekly budget proposed, Petri
Enterprises is authorized to use $9,338 in cash, with a 10%
variance, including collateral that is subject to Financial Pacific
Leasing, Inc.'s liens.

As adequate protection for Petri Enterprises' use of cash
collateral, Petri Enterprises agreed to grant FinPac a "rolling
replacement lien on cash generated by Petri Enterprises during the
course of its Chapter 11 case up to the full sum of FinPac's
claim." To the extent Petri Enterprises uses prepetition cash
collateral in which FinPac holds a security interest, Petri
Enterprises is authorized to grant FinPac replacement liens,
pursuant to 11 U.S.C. Section 552, in Petri Enterprises'
post-petition cash and inventory of the same priority, dignity, and
effect as the prepetition liens on the prepetition property of
Petri Enterprises; provided, however, that such replacement liens
will not attach to avoidance actions or other actions under Chapter
5 of the Bankruptcy Code or any proceeds or recoveries from them.
The liens and security interests granted will be effective and
perfected without any further act by any party.

Consistent with the weekly budget proposed, Bourbon Street LLC is
authorized to use $10,087 in cash (with no more than a 10% variance
in this sum), including collateral that is subject to Choice
Financial Group's (CFG) liens, during the interim period, July 31,
2023, to August 15, 2023. As adequate protection for Bourbon
Street's use of cash collateral, Bourbon Street agreed to grant CFG
a "rolling replacement lien on the revenues of Bourbon Street,
while preserving its extant lien on the non-cash assets of Bourbon
Street." To the extent Bourbon Street uses prepetition cash
collateral in which CFG holds a security interest, Bourbon Street
is authorized to grant GFC replacement liens, pursuant to 11 U.S.C.
Section 552, in Bourbon Street's postpetition cash and inventory of
the same priority, dignity, and effect as the prepetition liens on
the prepetition property of Bourbon Street; provided, however, that
such replacement liens will not attach to avoidance actions or
other actions under Chapter 5 of the Bankruptcy Code or any
proceeds or recoveries from them. The liens and security interests
granted will be effective and perfected without any further act by
any party.

Consistent with the weekly budget proposed (except the allocation
of rent which Gannett Peak may not currently be obligated to pay),
Gannett Peak is authorized to use not more than $18,600 in cash
(with no more than a 10% variance in this sum), including
collateral that is subject to Micro Advance, LLC's liens, during
the interim period, July 31, 2023, to August 15, 2023. As adequate
protection for Gannett Peak's use of cash collateral, Gannett Peak
agreed to grant Micro Advance a rolling replacement lien on the
revenues of Gannett Peak, while preserving its extant lien on the
non-cash assets of Gannett Peak, reserving the right to challenge
the validity and extent of this lien in the future. Accordingly, to
the extent Gannett Peak uses prepetition cash collateral in which
Micro Advance holds a security interest, Gannett Peak is authorized
to grant Micro Advance replacement liens, pursuant to 11 U.S.C.
Section 552, in Gannett Peak's post-petition cash and inventory of
the same priority, dignity, and effect as the prepetition liens on
the prepetition property of Gannett Peak; provided, however, that
such replacement liens will not attach to avoidance actions or
other actions under Chapter 5 of the Bankruptcy Code or any
proceeds or recoveries from them. The liens and security interests
granted will be effective and perfected without any further act by
any party.

A further interim hearing on the matter is set for August 15. The
final hearing is set for August 28.

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

                 About Bourbon Street LLC

Bourbon Street LLC and affiliates sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. N.D. Lead Case No.
23-30246) on 23-30246. In the petition signed by Mark Petr,
managing member, the Debtor disclosed up to $100,000 in assets and
up to $500,000 in liabilities.

Judge Shon Hasting oversees the case.

Maurice Verstandig, Esq., at The Dakota Bankruptcy Firm, represents
the Debtor as legal counsel.


CENTER FOR ALTERNATIVE: Taps Hewitt Heerschap as Tax Accountant
---------------------------------------------------------------
Center for Alternative Medicine, PLLC seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Hewitt
Heerschap & Couch, PC as tax accountant.

The firm will render these services:

     (a) preparation of quarterly wage withholding and sales tax
returns;

     (b) preparation of the passthrough schedules and forms
accompanying income tax returns due by October 16, 2023; and

     (c) assistance with any other tax accounting matters related
to the bankruptcy case and/or as otherwise becomes necessary for
administration of the Debtor's bankruptcy estate.

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

     Karen E. Heerschap, CPA               $225
     Anna Perse, Office Manager/Bookkeeper $100

In addition, the Debtor has agreed to pay the firm a retainer of
$5,000.

Ms. Heerschap 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:
   
     Karen E. Heerschap, CPA
     Hewitt Heerschap & Couch, PC
     511 W 10th Street, Suite B
     Pueblo, CO 81003
     Telephone: (719) 542-1287
     Facsimile: (719) 542-5384

              About Center for Alternative Medicine

Center for Alternative Medicine, PLLC specializes in the management
and treatment of disc lesions, overuse soft tissue injuries,
traumatic injuries, pain management, and peripheral neuropathies.
The company is based in Pueblo, Colo.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Colo. Case No. 23-12482) on June 7,
2023, with $500,000 to $1 million in assets and $1 million to $10
million in liabilities. Mark Dennis, a certified
public accountant at SL Biggs, has been appointed as Subchapter V
trustee.

Judge Joseph G. Rosania, Jr. oversees the case.

The Debtor tapped Joshua B. Sheade, Esq., at Sheade Law Office, LLC
as legal counsel and Karen E. Heerschap, CPA, at Hewitt Heerschap &
Couch PC as tax accountant.


CENTER FOR ALTERNATIVE: Wins Cash Collateral Access Thru Oct. 20
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Colorado authorized
Center for Alternative Medicine, PLLC to use cash collateral on a
final basis through October 20, 2023.

The Debtor is permitted to use cash collateral solely and
exclusively for ordinary business expenses including, but not
limited to, as follows:

-- payment of employee wages, repair and maintenance of existing
equipment and other property of the Debtor, and regular overhead
costs in accordance with the Projected Monthly Revenue, Expenses
and Cash Flow for June 18, 2023 through October 20, 2023, as may be
modified and/or extended from time-to-time solely and exclusively
upon unanimous consent of the Pre-Petition Secured Parties; and

-- total disbursements for each line item may not exceed 10.0% of
the expenditure amount set forth in the Interim Budget.

The Court said the Debtor may adequately protect the pre-petition
security interests of Colorado Department of Revenue and CAN
Capital, Inc. in the cash collateral by granting to CDOR and CAN
Capital a replacement lien against the Debtor's post-petition
depository accounts and accounts receivable with the same priority
and validity as their pre-petition security interest and only to
the extent that the Debtor's use of cash collateral diminishes the
value of the such creditor's cash collateral position existing on
the date of the Debtor's bankruptcy filing.

The Debtor will maintain adequate insurance coverage on all
personal property assets to insure adequately against any potential
loss; and the Debtor will provide proof of such insurance to the
Pre-Petition Secured Parties commencing on or before the fifth day
following entry of the Final Order, and continuing thereafter so
long as the Final Order remains in full force and effect, the
Debtor will provide proof of renewed insurance coverage within 14
days of each, every, any, and all insurance policyies lapse date.

These events constitute an "Event of Default":

     a. Failure to maintain adequate insurance coverage and provide
proof thereof to each of the Pre-Petition Secured Parties;
     b. Failure to expend cash collateral solely and exclusively
for ordinary business expenses;
     c. Failure to timely file all delinquent payroll reporting
obligations and tax returns for pre- and post-petition periods
ending on or before entry of the Final Order within 14-days
following entry of the Final Order; and
     d. Failure to timely cure and fully pay all post-petition wage
withholding obligations due and owing to CDOR, if any, within
14-days following entry of the Final Order.

The right to use cash collateral in accordance with the terms of
the Final Order will terminate upon the earlier of:

     a. Confirmation of a plan of reorganization under 11 U.S.C.
Section 1191;
     b. Removal of the Debtor as a debtor-in-possession under 11
U.S.C. Section 1185;
     c. Dismissal or conversion of the above-captioned bankruptcy
case to a case under Chapter 7 of the Bankruptcy Code under 11
U.S.C. Section 1112(b);
     d. Failure by the Debtor to comply with the terms of the Final
Order including, but not limited to, use of cash collateral for
ordinary business expenses;
     e. The existence of a material adverse change in the financial
condition or business operations of the Debtor; or
     f. Upon 60-days written notice provided by any of the
Pre-Petition Secured Parties in its sole discretion.

A copy of the order is available at https://urlcurt.com/u?l=SD8D4R
from PacerMonitor.com.

                   About Center for Alternative

Center for Alternative Medicine, PLLC specializes in the management
and treatment of disc lesions, overuse soft tissue injuries,
traumatic injuries, pain management, and peripheral neuropathies.
The company is based in Pueblo, Colo.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Colo. Case No. 23-12482) on June 7,
2023, with $500,000 to $1 million in assets and $1 million to $10
million in liabilities. Theodore Wilding Davis, managing member,
signed the petition.

Judge Joseph G. Rosania, Jr. oversees the case.

Joshua B. Sheade, Esq., at Sheade Law Office, LLC is the Debtor's
legal counsel.


CENTER FOR ASBESTOS: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Center for Asbestos Related Disease, Inc.
        214 East 3rd Street
        Libby, MT 59923

Business Description: The Debtor addresses healthcare issues
                      associated with Libby amphibole (previously
                      called tremolite) asbestos.

Chapter 11 Petition Date: August 7, 2023

Court: United States Bankruptcy Court
       District of Montana

Case No.: 23-90135

Debtor's Counsel: James A. Patten, Esq.
                  PATTEN PETERMAN BEKKEDAHL & GREEN
                  2817 2nd Avenue N, St 300
                  Billings, MT 59101
                  Tel: 406-252-8500
                  Email: apatten@ppbglaw.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tracy J. McNew as executive director.

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/XGEUQHQ/CENTER_FOR_ASBESTOS_RELATED_DISEASE__mtbke-23-90135__0001.0.pdf?mcid=tGE4TAMA


CENTRIC BRANDS: Ares Capital Marks $77.9M Loan at 18% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $77.9 million loan extended
to Centric Brands LLC and Centric Brands GP LLC to market at $63.9
million or 82% of the outstanding amount, as of June 30, 2023,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended June 30, 2023, recently filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Centric Brands LLC and Centric Brands GP LLC. The loan accrues
interest at a rate of 7.63% (SOFR (Q) + 2.50%) per annum. The loan
matures in October 2025.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Centric Brands Inc. designs, produces, merchandises, manages and
markets kids wear, accessories, and men's and women's apparel under
owned, licensed and private label brands. Currently, the company
and its affiliates license over 100 brands, including AllSaints,
BCBG, Buffalo, Calvin Klein, Disney, Frye, Herve Leger, Jessica
Simpson, Joe's, Kate Spade, Kenneth Cole, Marvel, Michael Kors,
Nautica, Nickelodeon, Spyder, Timberland, Tommy Hilfiger, Under
Armour, and Warner Brothers.  



CHAMPIONX CORP: Moody's Ups CFR to Ba1 & Alters Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service upgraded ChampionX Corporation's
Corporate Family Rating to Ba1 from Ba2 and senior secured debt
ratings to Ba1 from Ba2. The Speculative Grade Liquidity (SGL)
rating remains unchanged at SGL-1. The outlook was changed to
stable from positive.

The upgrade of ChampionX's ratings reflects growing EBITDA, low
financial leverage and strong free cash flow generation. The
company is following a well balanced approach to increasing
shareholder returns while maintaining a very strong credit profile
that is resilient to the inherent cyclicality of its business.

Upgrades:

Issuer: ChampionX Corporation

Corporate Family Rating, Upgraded to Ba1 from Ba2

Probability of Default Rating, Upgraded to Ba1-PD from Ba2-PD

Senior Secured Multi Currency Revolving Credit Facility, Upgraded
to Ba1 from Ba2

Senior Secured Term Loan, Upgraded to Ba1 from Ba2

Outlook Actions:

Issuer: ChampionX Corporation

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

ChampionX's Ba1 CFR reflects low leverage, strong interest
coverage, growing EBITDA, positive free cash flow and very good
liquidity. The company's credit profile benefits from
diversification across products, customers and geography offset by
operations in a cyclical and competitive sector. Earnings garner
support from a portfolio of important products for the oil and gas
sector. Revenue is heavily weighted toward production activities,
which tend to have less volatility than drilling activities. Its
product lines also are diversified across the lifecycle of wells.
Moody's expects ChampionX to continue returning capital to
shareholders in a disciplined manner that maintains a strong
balance sheet and liquidity profile. Very good liquidity gives
ChampionX critical credit support, providing financial flexibility,
which is important to contend with the cyclicality of the sector
and also better positions the company to reinvest in its business
to maintain its competitive position. ChampionX has no near-term
debt maturities.

Over the long-term, ChampionX has to contend with potentially
higher costs, stricter regulations, and declining production of oil
and gas that will result from the growing global push to reduce
greenhouse gas emissions. However, ChampionX's low leverage,
geographic diversification, and flexible capital allocation
framework provides financial capacity and resilience to withstand
negative credit impacts from carbon transition. While Moody's does
not expect meaningful EBITDA contribution in the near-term,
ChampionX is investing in products that help its customers reduce
emissions, including the company's solutions for customers to
monitor methane emissions in real-time.

The SGL-1 rating reflects Moody's expectation for ChampionX to
maintain very good liquidity through 2024. As of June 30, 2023,
ChampionX had $263 million of cash and an undrawn $700 million
revolver due 2027 ($31 million in letters of credit were
outstanding under this facility). The revolver and term loan credit
facilities have financial covenants, comprised of a maximum
leverage ratio of 3.5x (net of up to $150 million of cash) and a
minimum interest coverage ratio of 2.5x. The maximum leverage ratio
increases to 4.0x in the event of material acquisitions for the
quarter in which the acquisition occurs and the subsequent three
quarters. Moody's expects ChampionX to maintain ample cushion to
comply with these financial covenants through 2024. The company has
an uncommitted accounts receivable purchase agreement that provides
for a maximum of $160 million of receivables at any time. As of
June 30, 2023, $113 million was outstanding on this facility.

ChampionX's senior secured revolver due 2027 and senior secured
term loan due 2029 are rated Ba1, the same as the CFR, because
these facilities are the only debt on the balance sheet and rank
pari passu. As of June 30, 2023, ChampionX's outstanding term loan
balance was $620 million.

ChampionX's stable outlook reflects Moody's expectation that
ChampionX's debt/EBITDA will remain low while the company maintains
very good liquidity through 2024 in a supportive environment for
oilfield services.

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

Factors that could lead to an upgrade include continued growth of
revenue and EBITDA and a stronger business profile as demonstrated
through more EBITDA durability through the cycle and enhanced
market position in its key products. Maintenance of conservative
financial policies and low leverage would also be necessary to
consider an upgrade.

Factors that could lead to a downgrade include a change to more
aggressive financial policies, including debt-funding stock
repurchases or major acquisitions. Debt/EBITDA rising above 2x on a
sustained basis could lead to a downgrade.

ChampionX, headquartered in The Woodlands, Texas, is a publicly
traded company that provides chemical solutions, artificial lift
systems and highly engineered equipment to oil and gas companies
globally for use across the lifecycle of wells.

The principal methodology used in these ratings was Oilfield
Services published in January 2023.


CHESANING MFG: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Chesaning Mfg. Co., Inc.
          d/b/a Jetool
        305 S. 4th Street
        Chesaning, MI 48616

Business Description: Jetool is a custom machining, fabrication
                      and assembly partner that works with
                      aerospace, defense, and niche manufacturers.

Chapter 11 Petition Date: August 8, 2023

Court: United States Bankruptcy Court
       Eastern District of Michigan

Case No.: 23-20898

Judge: Hon. Daniel S. Oppermanbaycity

Debtor's Counsel: Zachary R. Tucker, Esq.
                  WINEGARDEN, HALEY, LINDHOLM, TUCKER &
                  HIMELHOCH P.L.C.
                  G9460 S. Saginaw St.
                  Suite A
                  Grand Blanc, MI 48439
                  Tel: 810-579-3600

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christophor M. Soule as sole shareholder
and president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/XHNGM4Q/Chesaning_Mfg_Co_Inc__miebke-23-20898__0003.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/OAZNVJI/Chesaning_Mfg_Co_Inc__miebke-23-20898__0001.0.pdf?mcid=tGE4TAMA


CHINAH USA: Trustee Appointed in Affiliates' Subchapter V Cases
---------------------------------------------------------------
The U.S. Trustee for Region 2 appointed Samuel Dawidowicz as
Subchapter V trustee for Chinah USA, LLC's affiliates.

The affiliates are Chinah Maiden Lane, LLC, Chi Na Eating House,
LLC, Chinah Brooklyn Commons, LLC and Chinah 275 Madison, LLC.

Mr. Dawidowicz will be paid an hourly fee of $525 for his services
as Subchapter V trustee and will be reimbursed for work-related
expenses incurred.   

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

The Subchapter V trustee can be reached at:

     Samuel Dawidowicz
     215 East 68th Street
     New York, NY 10065
     Phone: (917) 679-0382

                         About Chinah USA

Chinah USA, LLC operates a full-service restaurant business
specializing in Chinese food. The company is based in Jersey City,
N.J.

Chinah USA and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 23-11157)
on July 24, 2023. In the petition signed by its chief executive
officer, Hegel Hei, Chinah USA reported as much as $50,000 in
assets and $1 million to $10 million in liabilities.

Judge David S. Jones oversees the cases.

Erica Aisner, Esq., at Kirby Aisner and Curley, LLP, represents the
Debtors as legal counsel.


COJAM CONSTRUCTION: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Cojam Construction, Inc.
        8-48 Astoria Boulevard
        Astoria, NY 11102

Business Description: The Debtor owns a commercial building
                      located at Astoria Boulevard, Long Island
                      City, NY, (aka Welling Court, Long Island
                      City NY) valued at $3 million.

Chapter 11 Petition Date: August 8, 2023

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 23-42813

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Richard S Feinsilver, Esq.
                  RICHARD S FEINSILVER, ESQ.
                  One Old Country Road
                  Suite 347
                  Carle Place, NY 11514
                  Tel: 516-873-6330
                  Fax: 516-873-6183
                  Email: feinlawny@yahoo.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James Cortazar as president.

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/YS22PUI/Cojam_Construction_Inc__nyebke-23-42813__0001.0.pdf?mcid=tGE4TAMA


COMPLETION RESOURCES: Mark Weisbart Named Subchapter V Trustee
--------------------------------------------------------------
The U.S. Trustee for Region 6 appointed Mark Weisbart of Hayward,
PLLC as Subchapter V trustee for Completion Resources, LLC.

Mr. Weisbart will be paid an hourly fee of $515 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Mark A. Weisbart
     Hayward, PLLC
     10501 N Central Expy, Suite 106
     Dallas, TX 75231
     Phone: (972) 755-7103  
     Email: MWeisbart@HaywardFirm.com

                    About Completion Resources
           
Completion Resources, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. E.D. Texas Case No.
23-41324) on July 25, 2023, with $687,636 in assets and $3,810,400
in liabilities. Nancy Fuller, member, signed the petition.

Howard Marc Spector, Esq., at Spector & Cox, PLLC represents the
Debtor as legal counsel.


CORE SCIENTIFIC: Narrows Net Loss to $9.3M for 2023 Second Qtr
--------------------------------------------------------------
Core Scientific, Inc., filed its Form 10-Q Report for the quarterly
period ended June 30, 2023, saying total revenue was $126.9 million
and $164.0 million for the three months ended June 30, 2023 and
2022, respectively.  The Company had operating income of $9.4
million and an operating loss of $1.0 billion for the three months
ended June 30, 2023 and 2022, respectively.  It posted a net loss
of $9.3 million and a net loss of $810.5 million for the three
months ended June 30, 2023 and 2022, respectively. The Company said
Adjusted EBITDA was $44.8 million and $59.1 million for the three
months ended June 30, 2023 and 2022, respectively.

The Company's total revenue was $247.6 million and $356.5 million
for the six months ended June 30, 2023 and 2022, respectively. It
had operating income of $17.0 million and an operating loss of $1.1
billion for the six months ended June 30, 2023 and 2022,
respectively. It had a net loss of $9.6 million and a net loss of
$1.3 billion for the six months ended June 30, 2023 and 2022,
respectively. Adjusted EBITDA was $84.8 million and $152.2 million
for the six months ended June 30, 2023 and 2022, respectively.

As of June 30, 2023, the Company had $750.8 million in total assets
against $1.14 billion in total liabilities.

Core Scientific's bankruptcy estate paid $17.6 million in
bankruptcy professional fees for the three months ended June 30,
2023, and $37.7 million for the first half of the year.  It
incurred $705,00 in DIP financing costs for the latest quarter and
$12.15 million overall for the first half of 2023.

               Amendment to B. Riley DIP Financing

On July 4, 2023, the Debtors, B. Riley Commercial Capital, LLC, as
Administrative Agent, and the Replacement DIP Lenders entered into
a First Amendment to the Replacement DIP Credit Agreement. The
First Amendment, among other things, provides (i) that the Debtors
may make certain transfers or payments in connection with
settlements of certain third-party claims as described in the First
Amendment and (ii) for a reduction in the excess cash threshold
amount to the sum of $40.0 million and an amount (which shall not
be less than zero) equal to $5.0 million less the amount of any
payments on account of prepetition claims, liens or cure costs made
by any Obligor after June 30, 2023. This excess cash threshold
amount reduction resulted in the Debtors making an additional $6.2
million mandatory prepayment under the Replacement DIP Credit
Agreement on July 7, 2023.

A copy of the Amendment is available at
https://tinyurl.com/bdhya4mj

In connection with the Chapter 11 Cases, the Debtors entered into a
Senior Secured Super-Priority Debtor-in-Possession Loan and
Security Agreement, dated as of December 22, 2022, with Wilmington
Savings Fund Society, FSB, as administrative agent, and the lenders
from time to time party thereto. The Original DIP Lenders are also
holders or affiliates, partners or investors of holders under the
Company's notes sold pursuant to (i) the Secured Convertible Note
Purchase Agreement, dated as of April 19, 2021 (as amended,
restated, amended and restated, supplemented or otherwise modified
from time to time), by and among Core Scientific, Inc. (as
successor of Core Scientific Holding Co.), the guarantors party
thereto from time to time, U.S. Bank National Association, as note
agent and collateral agent, and the purchasers of the notes issued
thereunder; and (ii) the Convertible Note Purchase Agreement, dated
as of August 20, 2021, (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time), by and among
Core Scientific, Inc. (as successor of Core Scientific Holding
Co.), the guarantors party thereto from time to time, U.S. Bank
National Association, as note agent and collateral agent, and the
purchasers of the notes issued thereunder.

Also in connection with the filing of the Chapter 11 Cases, the
Company entered into a restructuring support agreement with the ad
hoc group of noteholders, representing more than 70% of the holders
of the Convertible Notes pursuant to which the Ad Hoc Noteholder
Group agreed to provide commitments for a debtor-in-possession
facility of more than $57 million and agreed to support the
syndication of up to an additional $18 million in new money DIP
facility loans to all holders of Convertible Notes. The Company
terminated the Restructuring Support Agreement pursuant to a
"fiduciary out" which permitted the Company to pursue better
alternatives.

On February 2, 2023, the Bankruptcy Court entered an interim order
authorizing, among other things, the Debtors to obtain senior
secured non-priming super-priority replacement post-petition
financing. On February 27, 2023, the Debtors entered into a Senior
Secured Super-Priority Replacement Debtor-in-Possession Loan and
Security Agreement governing the Replacement DIP Facility with B.
Riley Commercial Capital, LLC, as administrative agent, and the
lenders from time to time party thereto.  Proceeds of the
Replacement DIP Facility were used to, among other things, repay
amounts outstanding under the Original DIP Facility, including
payment of all fees and expenses required to be paid under the
terms of the Original DIP Facility. These funds, along with ongoing
cash generated from operations, were anticipated to provide the
necessary financing to effectuate the planned restructuring,
facilitate the emergence from Chapter 11, and cover the fees and
expenses of legal and financial advisors.

The Replacement DIP Facility, among other things, provides for a
non-amortizing super-priority senior secured term loan facility in
an aggregate principal amount not to exceed $70 million. Under the
Replacement DIP Facility, (i) $35 million was made available
following Bankruptcy Court approval of the Interim DIP Order and
(ii) $35 million was made available following Bankruptcy Court
approval of the Final DIP Order. Loans under the Replacement DIP
Facility will bear interest at a rate of 10%, which will be payable
in kind in arrears on the first day of each calendar month. The
Administrative Agent received an upfront payment equal to 3.5% of
the aggregate commitments under the Replacement DIP Facility on
February 3, 2023, payable in kind, and the Replacement DIP Lender
will receive an exit premium equal to 5% of the amount of the loans
being repaid, reduced or satisfied, payable in cash. The
Replacement DIP Credit Agreement includes representations and
warranties, covenants applicable to the Debtors, and events of
default. If an event of default under the Replacement DIP Credit
Agreement occurs, the Administrative Agent may, among other things,
permanently reduce any remaining commitments and declare the
outstanding obligations under the Replacement DIP Credit Agreement
to be immediately due and payable.

The maturity date of the Replacement DIP Credit Agreement is
December 22, 2023, which can be extended, under certain conditions,
by an additional three months to March 22, 2024. The Replacement
DIP Credit Agreement will also terminate on the date that is the
earliest of the following:

     (i) the effective date of the Plan with respect to the
Borrowers or any other Debtor;

    (ii) the consummation of any sale or other disposition of all
or substantially all of the assets of the Debtors pursuant to
section 363 of the Bankruptcy Code;

   (iii) the date of the acceleration of the Loans and the
termination of the Commitments (whether automatically, or upon any
Event of Default or as otherwise provided in the Replacement DIP
Credit Agreement); and

    (iv) conversion of the Chapter 11 Cases into cases under
chapter 7 of the Bankruptcy Code.

On March 1, 2023, the Bankruptcy Court entered an order approving
the Replacement DIP Facility on a final basis and the terms under
which the Debtors are authorized to use the cash collateral of the
holders of their convertible notes.

                    About Core Scientific

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

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

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

Judge David R. Jones oversees the cases.

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

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

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

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

The Debtors filed a Joint Chapter 11 Plan and Disclosure Statement
dated June 20, 2023.  The Plan provides 100% recoveries to all
Classes of creditors in the form of (i) equity in the Reorganized
Parent ("New Common Interests"), (ii) take-back debt, (iii) a
combination of equity and take-back debt, or (iv) reinstatement of
claims.


CREATIVE REALITIES: Raises Going Concern Doubt
----------------------------------------------
Creative Realities, Inc., disclosed in a Form 10-Q filed with the
U.S. Securities and Exchange Commission for the quarterly period
ended June 30, 2023, that as a result of principal debt service
payments required to be paid on account of a consolidation term
loan, the Company does not currently have cash on hand or committed
available liquidity to repay all of its outstanding debt due within
one year after the date that these financial statements are issued.
These conditions and events raise substantial doubt about the
Company's ability to continue as a going concern.

At June 30, 2023, the Company has an accumulated deficit of
$52,834,000, negative working capital of $6,071,000, including
current debt obligations of $4,197,000, and cash of $3,264,000.
For the six months ended June 30, 2023, the Company incurred an
operating loss of $790,000 and generated positive net cash flows
from operations of $6,344,000.

In addition, pursuant to the Second Amended and Restated Credit and
Security Agreement made between the Company and Slipstream
Communications, the Company is required to make monthly repayments
of principal on the Consolidation Term Loan beginning on September
1, 2023, and on the first day of each month thereafter until the
Maturity Date on February 17, 2025.  The monthly principal payment
beginning on September 1 is approximately $399,000, or total
principal repayments for 12 months of $4,389,000.

According to the Company, management plans to either refinance or
recapitalize the debt.  However, these plans have not been
finalized and are not completely within the Company's control.  "We
have been unable to obtain a continuing support letter from
Slipstream beyond the period ending May 31, 2024," the Company
disclosed.  "Obtaining a continuing support letter from Slipstream
beyond one year of the date our financial statements were issued
was a factor that previously alleviated the substantial doubt about
our ability to continue as a going concern. As a result, the
Company has concluded that management's plans do not alleviate
substantial doubt about the Company's ability to continue as a
going concern."

For the three months ended June 30, 2023, the Company posted a net
loss of $1,425,000 compared to a net income of $1,262,000 for the
same period last year.  For the six months ended June 30, 2023, the
Company swung to a net loss of $2,425,000 from a net income of
$3,764,000 during the first half of 2022.

                      About Creative Realities

Based in Louisville, Ky., Creative Realities, Inc. provides digital
marketing technology and solutions to retail companies, individual
retail brands, enterprises and organizations throughout the United
States and in certain international markets. Its technology and
solutions include: digital merchandising systems and omni-channel
customer engagement systems, interactive digital shopping
assistants, advisors and kiosks, and other interactive marketing
technologies such as mobile, social media, point-of-sale
transactions, beaconing and web-based media that enable our
customers to transform how they engage with consumers.  Its main
operations are conducted directly through Creative Realities, Inc.,
and under its wholly owned subsidiaries Allure Global Solutions,
Inc., a Georgia corporation, Creative Realities Canada, Inc., a
Canadian corporation, and Reflect Systems, Inc., a Delaware
corporation.

As of June 30, 2023, the Company had $63,934,000 in total assets
and $40,076,000 in total liabilities.



CS LEE DMD: Seeks to Hire Peter M. Daigle as Bankruptcy Counsel
---------------------------------------------------------------
CS Lee DMD MMSC, PLLC seeks approval from the U.S. Bankruptcy Court
for the District of Massachusetts to employ The Law Office of Peter
M. Daigle as its counsel.

The firm will render these services:

     (a) assist and advise the Debtor relative to the
administration of this proceeding;

     (b) represent the Debtor before the Bankruptcy Court and
advise the Debtor on all pending litigations, hearings, motions,
and of the decisions of the Bankruptcy Court;

     (c) review and analyze all applications, orders, and motions
filed with the Bankruptcy Court by third parties in this proceeding
and advise the Debtor thereon;

     (d) attend all meetings conducted pursuant to section 341(a)
of the Bankruptcy Code and represent the Debtor at all
examinations;

     (e) communicate with creditors and all other parties in
interest;

     (f) assist the Debtor in preparing all necessary applications,
motions, orders, supporting positions taken by the Debtor, and
prepare witnesses and review documents in this regard;

     (g) confer with all other professionals retained by the Debtor
and by any other party-in-interest;

     (h) assist the Debtor in its negotiations with creditors or
third parties concerning the terms of any proposed plan of
reorganization;

     (i) prepare, draft, and prosecute the plan of reorganization
and disclosure statement; and

     (j) assist the Debtor in performing such other services as may
be in the interest of the Debtor and the estate and perform all
other legal services required by the Debtor.

The firm will charge $450 per hour for senior attorneys and $325
per hour for associate attorneys, plus reimbursement for expenses
incurred in connection with this representation.

Peter Daigle, Esq., at The Law Office of Peter M. Daigle 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:
   
     Peter M. Daigle, Esq.
     The Law Office of Peter M. Daigle
     1550 Falmouth Road, Suite 10
     Centerville, MA 02632
     Telephone: (508) 771-7444
     Email: pmdaigleesq@yahoo.com

                       About CS Lee DMD MMSC

CS Lee DMD MMSC, PLLC filed a Chapter 11 petition (Bankr. D. Mass.
Case No. 23-11184) on July 26, 2023, with as much as $1 million in
both assets and liabilities. Judge Christopher J. Panos oversees
the case.

The Law Office of Peter M. Daigle serves as the Debtor's counsel.


CUSHMAN & WAKEFIELD: S&P Rates New $700MM Sr. Sec. Term Loan 'BB'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue rating and '3' recovery
rating to Cushman & Wakefield's (BB/Stable/--) proposed issuance of
a $700 million senior secured term loan due 2030. The '3' recovery
rating indicates our expectation for a meaningful (55%-65%; rounded
estimate: 60%) recovery for lenders in the event of payment
default. The company plans to use proceeds from the term loan,
along with $500 million of other secured debt, to refinance $1.2
billion of its existing $1.6 billion term loan due August 2025. The
company intends to repay the remaining $0.4 billion of the term
loan due August 2025 with excess cash ahead of the maturity. As a
result, S&P doesn't expect the transaction to affect the company's
net leverage, which we expect it to sustain at 3.0x-4.0x.

The stable outlook on the 'BB' issuer credit rating reflects
Cushman & Wakefield's market position, ample liquidity, and prudent
financial management. Over the next 12 months, S&P expects the
company to operate with net debt to adjusted EBITDA of 3.0x-4.0x
and an EBITDA margin at the lower end of 10%-15%.



CYXTERA TECHNOLOGIES: Committee Seeks to Hire Financial Advisor
---------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Cyxtera Technologies, Inc. seeks approval from
the U.S. Bankruptcy Court for the District of New Jersey to employ
Alvarez & Marsal North America, LLC as financial advisor.

The firm will render these services:

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

     (b) assist in the review of court disclosures;

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

     (d) assist in the review of the Debtors' proposed key employee
retention plan and key employee incentive plan;

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

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

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

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

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

     (j) assist in the review of the Debtors' business plan;

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

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

     (m) render such other general business consulting or such
other assistance as the committee or its counsel may deem
necessary, consistent with the role of a financial advisor and not
duplicative of services provided by other professionals in these
Chapter 11 cases.

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

     Managing Directors $1,025 - $1,375
     Directors              $775 - $975
     Associates             $575 - $775
     Analysts               $425 - $550

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

Richard Newman, a managing director at Alvarez & Marsal North
America, 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:

     Richard Newman
     Alvarez & Marsal North America, LLC
     540 West Madison Street, Suite 1800
     Chicago, IL 60661
     Telephone: (312) 601-4220
     Facsimile: (312) 332-4599
     Email: richard.newman@alvarezandmarsal.com
  
                      About Cyxtera Technologies

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

Cyxtera and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 23-14853) on
June 4, 2023. In the petition signed by Eric Koza, chief
restructuring officer, the Debtor disclosed up to $131 million in
assets and up to $2.679 billion in liabilities.

Judge John K. Sherwood oversees the case.

The Debtors tapped Kirkland and Ellis LLP and Kirkland and Ellis
International LLP as general bankruptcy counsel, Cole Schotz P.C.
as co-bankruptcy counsel, Guggenheim Securities, LLC as investment
banker, AlixPartners LLP as restructuring advisor, and Kurtzman
Carson Consultants LLC as noticing and claims agent.

An ad hoc group of first lien lenders is represented by Gibson,
Dunn & Crutcher LLP as legal counsel and Houlihan Lokey, Inc. as
financial advisor.

On June 20, 2023, the U.S. Trustee for Region 3 appointed an
official committee to represent unsecured creditors in these cases.
The committee tapped Pachulski Stang Ziehl & Jones, LLP as its
legal counsel and Alvarez & Marsal North America, LLC as financial
advisor.


CYXTERA TECHNOLOGIES: Committee Seeks to Tap Legal Counsel
----------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 cases of Cyxtera Technologies, Inc. seeks approval from
the U.S. Bankruptcy Court for the District of New Jersey to employ
Pachulski Stang Ziehl & Jones, LLP as counsel.

The firm will render these services:

     (a) assist, advise, and represent the committee in its
consultations with the Debtors regarding the administration of
these Chapter 11 cases;

     (b) assist, advise, and represent the committee with respect
to the Debtors' retention of professionals and advisors with
respect to the Debtors' business and these cases;

     (c) assist, advise, and represent the committee in analyzing
the Debtors' assets and liabilities, investigate the extent and
validity of liens and participate in and review any proposed asset
sales, any asset dispositions, financing arrangements, and cash
collateral stipulations or proceedings;

     (d) assist, advise, and represent the committee in any manner
relevant to reviewing and determining the Debtors' rights and
obligations under leases and other executory contracts;

     (e) assist, advise, and represent the committee in
investigating the acts, conduct, assets, liabilities, and financial
condition of the Debtors, their operations, and the desirability of
the continuance of any portion of those operations, and any other
matters relevant to the cases or to the formulation of a plan;

     (f) assist, advise, and represent the committee in connection
with any sale of the Debtors' assets;

     (g) assist, advise, and represent the committee in its
participation in the negotiation, formulation, or objection to any
plan of liquidation or reorganization;

     (h) assist, advise, and represent the committee in
understanding its powers and its duties under the Bankruptcy Code
and the Bankruptcy Rules;

     (i) assist, advise, and represent the committee in the
evaluation of claims and on any litigation matters; and

     (j) provide such other services to the committee as may be
necessary in these cases.

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

     Partners/Counsel $875 - $1,995
     Associates         $725 - $895
     Paralegals         $495 - $545

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

The firm provided the following information in response to the
request for additional information set forth in Paragraph D.1 of
the Fee Guidelines.

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

  Response: No.

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

  Response: No.

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

  Response: The firm did not represent the client in the 12-month
period prepetition. The billing rates for the firm are disclosed in
the Application and are subject to periodic adjustment in
accordance with the firm's practice.

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

  Response: No.

Bradford Sandler, Esq., a partner at Pachulski Stang Ziehl & Jones,
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:

     Bradford J. Sandler, Esq.
     Pachulski Stang Ziehl & Jones LLP
     780 Third Avenue, 34th Floor
     New York, NY 10017
     Telephone: (212) 561-7700
     Facsimile: (212) 561-7777
     Email: bsandler@pszjlaw.com
  
                      About Cyxtera Technologies

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

Cyxtera and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D.N.J. Lead Case No. 23-14853) on
June 4, 2023. In the petition signed by Eric Koza, chief
restructuring officer, the Debtor disclosed up to $131 million in
assets and up to $2.679 billion in liabilities.

Judge John K. Sherwood oversees the case.

The Debtors tapped Kirkland and Ellis LLP and Kirkland and Ellis
International LLP as general bankruptcy counsel, Cole Schotz P.C.
as co-bankruptcy counsel, Guggenheim Securities, LLC as investment
banker, AlixPartners LLP as restructuring advisor, and Kurtzman
Carson Consultants LLC as noticing and claims agent.

An ad hoc group of first lien lenders is represented by Gibson,
Dunn & Crutcher LLP as legal counsel and Houlihan Lokey, Inc. as
financial advisor.

On June 20, 2023, the U.S. Trustee for Region 3 appointed an
official committee to represent unsecured creditors in these cases.
The committee tapped Pachulski Stang Ziehl & Jones, LLP as its
legal counsel and Alvarez & Marsal North America, LLC as financial
advisor.


DAYBREAK OIL: Issues $60K Promissory Note to CEO
------------------------------------------------
Daybreak Oil and Gas, Inc. entered into a promissory note with
James F. Westmoreland, the Company's chairman, president and chief
executive officer, on July 27. 2023, in the principal amount of
$60,000.

The Note has a maturity date of July 27, 2024, and carries no
interest, fees or penalties.  The Company may prepay the Note at
any time.

The Agreement and the Note were each reviewed and approved by the
Company's board of directors, including all disinterested
directors, and all the members of the Nominating and Corporate
Governance Committee, and were approved pursuant to the Company's
Related Party Transactions policy.

                     About Daybreak Oil and Gas

Daybreak Oil and Gas, Inc. is an independent crude oil and natural
gas company currently engaged in the exploration, development and
production of onshore crude oil and natural gas in the United
States.  The Company is headquartered in Spokane Valley, Washington
with an operations office in Friendswood, Texas.  Daybreak owns a
3-D seismic survey that encompasses 20,000 acres over 32 square
miles with approximately 6,500 acres under lease in the San Joaquin
Valley of California.  The Company operates production from 20 oil
wells in our East Slopes project area in Kern County, California.

Daybreak Oil reported a net loss of $398,450 for the 12 months
ended Feb. 28, 2022, compared to a net loss of $512,265 for the 12
months ended Feb. 28, 2021.  As of Aug. 31, 2022, the Company had
$8.56 million in total assets, $3.83 million in total liabilities,
and $4.73 million in total stockholders' equity.

Houston, Texas-based MaloneBailey, LLP, the Company's auditor since
2006, issued a "going concern" qualification in its report dated
June 15, 2022, citing that the Company has suffered recurring
losses from operations and has a net capital deficiency that raises
substantial doubt about its ability to continue as a going concern.


DREAM FINDERS: S&P Assigns 'BB-' ICR, Outlook Stable
----------------------------------------------------
S&P Global Ratings assigned its 'BB-' issuer credit rating to
Jacksonville, FL-based Dream Finders Homes Inc. (DFH). At the same
time, S&P assigned its 'BB-' issue-level rating and '3' recovery
rating to the proposed $300 million senior unsecured notes due
2028.

S&P's stable outlook on Dream Finders Homes reflects its forecast
for debt to EBITDA to remain between 2x-3x and EBITDA interest
coverage of 5x-7x over the next 12 months, supported by the
company's growing revenue base and resilient homebuilding industry
fundamentals beyond 2023.

S&P said, "Our assessment of DFH's business risk reflects its
smaller size, limited geographic diversity, and acquisitive growth
strategy. While the company has grown exponentially, to $3.3
billion in 2022 from $1.1 billion in revenues in 2020, it only has
a top 10 market share in two of the top 50 U.S. markets and no
leading position in either one. Also, the company's spending on
selling, general, and administrative (SG&A) expenses is
comparatively higher than that of other rated homebuilders. DFH
spends about 10%-12% of homebuilding revenue (including
commissions) on SG&A while our rated universe spends about 8%-9%.
Our business risk assessment also reflects DFH's limited geographic
diversification, with 70% of revenue in the first quarter of 2023
originating from two states--Texas (36%) and Florida (34%), and 53%
of available lots in the same two states. However, the markets in
these states where DFH operates do have above-average population
and job growth compared with the entire U.S. We believe DFH has an
aggressive growth strategy through acquisitions because the company
has executed at least four acquisitions over the past five years.
These risks are somewhat offset by DFH's 100% land-light strategy
that minimizes land risk and reduces capital outlay with
just-in-time (JIT) delivery lot purchases. We believe this strategy
enhances its ability to be nimble in changing market conditions. We
also believe its product offerings are diversified because it
includes entry-level, first-time and second-time move-up, and
active adult products that addresses changing buyer preferences.
Within these product segments there is also price segment
diversity, with homes closed segmented below $400,000, between
$400,000-$600,000, and above $600,000.

"Our assessment of DFH's financial risk reflects our expectations
of debt leverage in the 2x-3x range and EBITDA interest coverage of
5x-7x through 2024. Based on our business risk assessment we do not
net available cash to the debt calculation. We expect cash flows to
be somewhat volatile given the cyclical nature of the homebuilding
industry, and our consideration of what could be considered peak
earnings in 2021 and 2022. However, we do note that the company's
continued growth and asset-light company model could result in
overall relatively more stable cash flows relative to peers. We
anticipate DFH to generate free operating cash flow (FOCF) of about
$535 million through 2024, and we expect most of this FOCF to be
used to fund acquisitions and organic growth, in accordance with
the company's plan. However, we did not include any assumptions for
any major debt-funded acquisitions, dividends, or share
repurchases.

"We believe homebuilder operating performance will stabilize
throughout 2024 as homebuyers acclimate to higher mortgage rates.
Despite revenue and profitability declines seen in the last few
quarters due to dampened demand from sharp rate increases, we
believe performance in the homebuilding sector will stabilize
throughout 2024 as homebuyers adjust to higher rates while the U.S.
macroeconomic backdrop improves. The inventory of existing homes
remains low, which enabled the builders to gain market share in
recent months. Consumers are also adjusting to much-higher mortgage
rates (the average 30-year mortgage rate remains above 6%), which
builders have attempted to counteract with lower home prices and
higher incentives during the spring selling season. Given their
stronger-than-anticipated start to the year, we now think the
declines will be more moderate, with revenue and EBITDA falling by
the lower end of our forecast ranges. We also expect reduced
discounts and incentives to support a recovery in operating
margins.

"Our stable outlook on Dream Finders Homes reflects our forecast
for debt to EBITDA to remain between 2x-3x and EBITDA interest
coverage of 5x-7x over the next 12 months. This is in line with our
significant financial risk assessment supported by its growing
revenue base and resilient industry fundamentals beyond 2023.

S&P could lower the rating on DFH if the company's debt to EBITDA
rose above 4x. This could happen if annual EBITDA fell below $320
million and the company took no additional actions to reduce debt.

Although unlikely within the next 12 months, S&P could raise its
rating on DFH if:

-- The company's size and scale of operations grew to be more
comparable with higher-rated peers; and

-- The company's debt to EBITDA approached 2x and this level of
debt leverage were sustained.



ECL ENTERTAINMENT: S&P Upgrades ICR to 'B+', Outlook Stable
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating one notch to
'B+' from 'B' on Kentucky-based gaming operator ECL Entertainment
LLC.

S&P said, "We also assigned our 'B+' issue-level rating and '3'
recovery rating to the proposed credit facility. The '3' recovery
rating indicates our expectation for meaningful (50%-70%; rounded
estimate: 55%) recovery for lenders in the event of a default.

"The stable outlook reflects our expectation that ECL will be able
to sustain S&P Global Ratings-adjusted leverage below 5x and EBITDA
interest coverage above 2x.

"We expect ECL will generate good levels of FOCF as all of its
development projects are complete. Over the next two years ECL will
likely generate approximately $40 million of FOCF annually (prior
to dividends to its owners for tax payments) translating into
approximately 10% FOCF to debt, which supports a one-notch upgrade.
In addition to solid operating performance over the past year, we
expect this refinancing will reduce its cash interest expense by
about $10 million annually as its current debt was a higher cost
construction loan. Therefore, we expect cash flow to be higher than
our previous forecast. We also believe that in the near term,
dividends to owners will be limited to distributions to pay taxes.
In the last twelve months (LTM) ended March 2023, revenue and
EBITDA grew 29% and 22%, respectively, due to continued healthy
demand for regional gaming and incremental revenue from a full year
of operations at ECL's Bowling Green historical horse racing (HHR)
facility and the Cumberland Mint in Williamsburg, KY that opened at
the end of August. Furthermore, we expect revenue and EBITDA grew
at a similar pace in the LTM ended June 2023 given the continued
healthy gaming environment and the benefit of incremental revenue
from the new facilities.

"Therefore, we continue to expect that ECL's S&P Global
Ratings-adjusted debt leverage will improve to the mid-4x area in
2023 and to the low-4x area in 2024, despite $45 million total
incremental debt raised in January to fund the joint venture of a
new HHR and charitable table game facility in Nashua, New Hampshire
and in this proposed refinancing transaction. Growth in the second
half of 2023 will be driven by the recent opening of the event
center and hotel at Kentucky Downs, the Williamsburg facility that
opened at the end of August 2022, and the recent opening of the
Corbin racetrack that will further increase EBITDA."

New Hampshire legalized limited licenses for HHR facilities in
2021; accordingly it is a relatively new gaming market and ECL's
first operations in the state. ECL's joint venture with Clairvest
will be accounted for using equity method accounting; therefore,
only cash distributions from the joint venture will be added to
EBITDA, which we anticipate beginning in late 2024 at the
earliest.

Although new properties and expansions will improve ECL's EBITDA
base, it is still vulnerable to volatility. ECL opened its HHR
facility in Bowling Green in December 2021 and it is the closest
gaming options for customers in the Bowling Green area who are at
least 100 miles to the northwest and northeast (aside from Kentucky
Downs about 25 miles south of Bowling Green and Oak Grove about 65
miles southwest of Bowling Green, both of which largely target
customers in Nashville, Tenn.). Data from Kentucky Horse Racing
Commission shows that, for LTM ended May 2023, the Bowling Green
facility and The Mint at Kentucky Downs generated HHR commission
after statutory taxes (adjusted commission) of $36 million and $126
million, respectively. While we believe the facility at Bowling
Green captures some of the customer base of the Kentucky Downs
property, given Bowling Green is about 25 miles north of Kentucky
Downs and Kentucky Downs largely caters to customers within about
30 miles, it is evident from the data that the new facility did not
cannibalize significant revenue from Kentucky Downs property since
its opening because ECL was able to grow overall revenue
significantly. For LTM ended May 2023 S&P Global Ratings-adjusted
commission at Kentucky Downs declined around $4 million, while
Bowling Green generated adjusted commission of approximately $36
million, more than offsetting modest cannibalization. Since the
Cumberland Mint facility in Williamsburg, KY commenced operations,
it generated about $24 million in adjusted commission as of
reported data through May 2023 (about 9 months).

S&P said, "In 2023, we expect The Mint at Kentucky Downs will
represent about two-thirds of ECL's revenue and EBITDA. This
exposes ECL to EBITDA volatility from adverse events such as
regional economic weakness, weather, or changes in competition. We
believe the biggest long-term risk to ECL's cash flow would be if
Tennessee were to legalize casino gaming. However, this would
require a change to Tennessee's constitution, which we understand
would likely be a long process involving multiple votes in the
legislature and requiring voter approval in a gubernatorial
election.

"We view ECL's position within its primary operating market
favorably. We believe ECL has a good position in the southern
Kentucky and northern Tennessee market largely because of limited
competition in the area. ECL's primary competitor in the Nashville
market is the Oak Grove Racino and Hotel, which opened in September
2020 and offers a hotel and a greater number of food and beverage
(F&B) amenities than ECL's facility. Further, Oak Grove is owned
and operated by Churchill Downs Inc., an experienced operator in
the Kentucky market. Nevertheless, The Mint at Kentucky Downs is
about 20 miles closer to Nashville, and we believe the Nashville
market is large enough to maintain good demand at both The Mint and
Oak Grove. We believe Oak Grove has expanded the overall market,
rather than taking share from The Mint at Kentucky Downs, as
evidenced by relatively stable to growing HHR revenue after Oak
Grove opened and adjusting for COVID-19 operating restrictions.
Furthermore, we believe ECL's Williamsburg facility faces minimal
competition for convenience players in the Knoxville market given
the Cumberland Run Mint facility in Williamsburg is closer to
Knoxville than larger casino options. The facility has about an
hour's drive time advantage over Harrah's Cherokee Casino Resort in
North Carolina, and about a 45 minute drive time advantage over the
Hard Rock casino in Bristol, Va. Hard Rock opened its temporary
casino a year ago with gaming and limited amenities and expects to
open the permanent resort casino in about a year.

"Regional growth potential and cash flow from newly developed
facilities could provide an offset to economic headwinds. We
believe inflation and potential economic softness could reduce
consumer discretionary spending and demand for gaming. However, ECL
operates in a region that has better growth prospects compared with
the rest of the country because of population and job growth in
Nashville. This growth is partially the result of people migrating
to cities with lower costs of living from high-cost areas.
Additionally, the suburbs surrounding Nashville continue expanding
as real estate prices closer to the city center rise. We believe
this population migration to ECL's key target market for its
largest property along with revenue from the newly developed
facilities could partially offset economic headwinds.

"The stable outlook reflects our expectation that ECL will be able
to sustain S&P Global Ratings-adjusted leverage below 5x and EBITDA
interest coverage above 2x. We believe that ECL's growth in the
second half of 2023 will benefit from newly opened and expanded
facilities offsetting potential economic softness.

"We could lower the rating if S&P Global Ratings-adjusted debt
leverage exceeds 5x and S&P Global Ratings-adjusted EBITDA interest
coverage falls below 2x. This could occur if demand for regional
gaming declines substantially due to macroeconomic headwinds from
inflation or a rise in unemployment in ECL's market. While less
likely in the near term, new competition in ECL's market could
impact performance at ECL's facilities.

"We could raise the ratings again if we expect ECL to sustain S&P
Global Ratings-adjusted leverage under 4x (incorporating potential
operating volatility, capital spending, and dividends to owners),
and we believed that level of leverage was aligned with ECL's
financial policy.

"Social factors are a moderately negative consideration in our
credit rating analysis of ECL Entertainment. Despite mandated
closures of its casino for health and safety reasons during the
pandemic, ECL's cash flow recovered quickly following its reopening
as operating and capacity restrictions gradually eased,
vaccinations rolled out, and customers felt increasingly
comfortable venturing out into public spaces. Although the pandemic
was a rare and extreme disruption unlikely to recur at the same
magnitude, safety and health scares are an ongoing risk. Other
social factors that have a moderately negative consideration in our
credit rating analysis include regulatory risks, as ECL is subject
to high regulation in Kentucky."



ELITE HOME: Case Summary & 13 Unsecured Creditors
-------------------------------------------------
Debtor: Elite Home Health, LLC.
        200 West Forsyth Street
        Suite # 1130
        Jacksonville, FL 32202

Business Description: Elite Home is a provider of home health
                      care services.

Chapter 11 Petition Date: August 8, 2023

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 23-01863

Debtor's Counsel: Rehan N. Khawaja, Esq.
                  BANKRUPTCY LAW OFFICES OF REHAN N. KHAWAJA
                  817 North Main Street
                  Jacksonville, FL 32202
                  Tel: (904) 355-8055
                  Fax: (904) 355-8058
                  Email: khawaja@fla-bankruptcy.com

Total Assets: $417,800

Total Liabilities: $3,686,831

The petition was signed by Brandon Groover as president/member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 13 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/WWY4EKI/Elite_Home_Health_LLC__flmbke-23-01863__0001.0.pdf?mcid=tGE4TAMA


EURONET WORLDWIDE: Moody's Cuts Unsec. Notes Rating to Ba2
----------------------------------------------------------
Moody's Investors Service has affirmed Euronet Worldwide, Inc.'s
Ba1 Corporate Family Rating and Ba1-PD Probability of Default
Rating. The company's senior unsecured notes have been downgraded
to Ba2. The outlook remains stable.

Affirmations:

Issuer: Euronet Worldwide, Inc.

Corporate Family Rating, Affirmed Ba1

Probability of Default Rating, Affirmed Ba1-PD

Downgrades:

Issuer: Euronet Worldwide, Inc.

Senior Unsecured Notes, Downgraded to Ba2 from Ba1

Outlook Actions:

Issuer: Euronet Worldwide, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

The Ba1 CFR reflects Euronet's rebounding post-pandemic growth,
good free cash flow generation and strong liquidity. The company's
financial profile continues to benefit from its strategy to gain
market share through competitive pricing while making capital
investments in growth. However, near term business performance is
expected to slow due to weaker cash spending by European travelers
(about 80% of Euronet's travel customers are Europeans) as a result
of inflation and other macro factors. These do not appear to be
structural at this juncture, but could be a drag for some time to
come.

The EFT Processing segment has seen active ATM counts grow by more
than 10% since the end of 2019 through June 30, 2023, while segment
revenues have grown 1-2 points faster over the same period.
However, segment adj. EBITDA, which accounts for about half of
total, is lower by nearly 20% in aggregate since before the
pandemic, due in part to a decline in revenue per transaction. The
epay segment has grown by more than a third since before the
pandemic, reflecting the company's shift to branded payments which
includes distribution of digital media content (about two-thirds of
segment revenues). Segment adj. EBITDA margins in the LTM period
ended June 30, 2023 remain in line with prior periods. Money
transfer revenues have scaled nicely as a result of competitive
pricing and network expansion, although segment margins remain
several points below the corporate average.

The stable outlook reflects Moody's expectation of higher single
digit growth over the next 12 to 18 months with relatively constant
margins, resulting in leverage of just over 3x. Moody's continues
to expect longer-term, secular digital trends to pressure Euronet's
cash-based businesses, although the company has made strides with
Dandelion and its REN platform.

The downgrade of Euronet's senior notes reflects the company's
upsized senior unsecured credit facility (unrated) which has
subsidiary guarantees that the senior notes do not benefit from.

The senior convertible notes (unrated) rank equally in right of
payment with the senior notes.

Euronet's very strong liquidity is supported by an unrestricted
cash balance of $1.1 billion as of June 30, 2023 and Moody's
forecast for free cash flow of about $375 million in 2023 (around
20% of debt). Euronet's cash balance does not include ATM cash,
settlement assets and restricted cash, which the company reports
separately. Moody's views ATM cash, which was $776 million at June
30, 2023, as working capital required to operate the EFT business,
subject to travel related seasonality. Liquidity is also supported
by an upsized $1.25 billion revolving credit facility expiring in
October 2027, of which approximately $1.055 billion was available
as of June 30, 2023. The company has no debt maturities until the
senior notes become due in 2026.

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

The ratings could be upgraded if Euronet's business scale
increases, with Moody's expectation for sustained solid organic
growth despite secular challenges from cash to digital transition,
and balanced financial policies. The ratings could be downgraded if
EBITDA declines, cash flow generation weakens, or leverage is
sustained above 3.5x.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

With revenues for the trailing twelve months period ending June 30,
2023 of $3.5 billion, Euronet is a diversified global provider of
payment processing and money transfer services.


EXIGENT LANDSCAPING: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Exigent Landscaping, LLC
          DBA Exigent Design and Build
        13246 23 Mile Road
        Shelby Township, MI 48315

Case No.: 23-46912

Business Description: The Debtor is a full service design and
                      build outdoor construction company
                      specializing 3D designs, pools, hardscaping,
                      landscaping, patios, pergolas, and outdoor
                      kitchens.

Chapter 11 Petition Date: August 7, 2023

Court: United States Bankruptcy Court
       Eastern District of Michigan

Judge: Hon. Thomas J. Tucker

Debtor's Counsel: Ernest M. Hassan, Esq.
                  STEVENSON & BULLOCK, P.L.C.
                  26100 American Drive
                  Suite 500
                  Southfield, MI 48034
                  Tel: (248) 354-7906
                  Email: ehassan@sbplclaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brandon Heitman as president and sole
member.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/QOFIZTA/Exigent_Landscaping_LLC__miebke-23-46912__0003.0.pdf?mcid=tGE4TAMA

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

https://www.pacermonitor.com/view/QHEJKYQ/Exigent_Landscaping_LLC__miebke-23-46912__0001.0.pdf?mcid=tGE4TAMA


FANJOY CO: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Fanjoy Co.
        1483 Sylvan Circle NE
        Brookhaven, GA 30319

Chapter 11 Petition Date: August 8, 2023

Court: United States Bankruptcy Court
       Northern District of Georgia

Case No.: 23-57565

Judge: Hon. Paul W. Bonapfel

Debtor's Counsel: Leslie Pineyro, Esq.
                  JONES & WALDEN, LLC
                  699 Piedmont Avenue NE
                  Atlanta, GA 30308
                  Tel: 404-564-9300
                  Email: info@joneswalden.com

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christopher Vaccarino as president.

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

https://www.pacermonitor.com/view/GEFJRUA/Fanjoy_Co__ganbke-23-57565__0001.0.pdf?mcid=tGE4TAMA


FILE STORAGE: $1.5MM KB Silver DIP Loan Wins Final Court OK
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an
order authorizing File Storage Partners, LLC and its
debtor-affiliates, Afton Blockchain LLC, Filtech SPV LLC, and
Midwest Blockchain Inc., to use cash collateral and obtain
postpetition financing from KB Silver Funding, LLC on a final
basis.

As previously reported by the Troubled Company Reporter, KB Silver
has committed to provide up to $1.5 million in senior secured term
loan credit facilities.

The Debtors are required to comply with these milestones:

     (a) On the Petition Date, the Debtors will have filed a motion
seeking approval of the Bankruptcy Sale;

     (b) On or before August 17, 2023, or a later date as the DIP
Facility Lender will agree in writing, the Debtors will have
obtained an order from the Bankruptcy Court approving the Sale of
the Debtors' Assets; and

     (c) Within 14 days of the Sale Order Date, or a later date as
the DIP Facility Lender will agree in writing, the Sale of the
Assets will be consummated.

The DIP Facility is due and payable through the earliest to occur
of:

     (i) August 23, 2023, or a later date as the DIP Facility
Lender will agree in writing in its sole discretion;

    (ii) The closing date following entry of one or more final
orders approving the sale of all or substantially all of the assets
belonging to the Debtors in the Chapter 11 Cases;

   (iii) The acceleration of any outstanding DIP Loans following
the occurrence of an uncured Event of Default; or

    (iv) Entry of an order by the Bankruptcy Court in the Chapter
11 Cases either (a) dismissing such case or converting such Chapter
11 Case to a case under Chapter 7 of the Bankruptcy Code, or (b)
appointing a Chapter 11 trustee or an examiner with enlarged powers
relating to the operation of the business of the Debtors, in each
case without the DIP Lender's consent.

Prepetition, certain of the Debtors entered into five separate loan
agreements with the lenders which lent certain crypto currencies to
the Debtors, and then retained liens on those cryptocurrencies to
secure the loan.

On August 9, 2021, Genesis Global Capital, LLC and File Storage
Partners, LLC entered into a Master Loan Agreement dated as of
August 9, 2021.  Genesis is a debtor in its own chapter 11 case.
On April 10, 2021, Genesis and FSP entered into a loan term sheet
and a first amendment to the Genesis Term Sheet dated December 10,
2021, pursuant to which, among other things, Genesis lent FSP
native token of the Filecoin Network not to exceed 500,000 FIL.

As of the Petition Date, the Debtors were indebted and obligated to
Genesis under the Genesis Loan Documents in an aggregate principal
amount of approximately 176,415 FIL.

On June 8, 2023, Silvermine Capital Advisors, LLC made a loan to
the Debtors and certain of their affiliates in the original
principal amount of $30,000, as evidenced by a Promissory Note,
dated June 8, 2023 by the borrowers thereto in favor of the
Prepetition Secured Party, and as secured by the Security
Agreement, dated June 8, 2023, by the grantors signatory thereto in
favor of Prepetition Secured Lender.

On June 29, 2023, Silvermine assigned the Note and its rights under
the Security Agreement to KB Silver Funding, LLC. The Prepetition
Secured Party then filed financing statements evidencing the
assignment of the Note and the Security Agreement against each of
the borrowers. On the same day, the Debtors amended and restated
the Note by executing a First Amended and Restated Promissory Note
in the amended principal amount of $200,000.

As of the Petition Date, the Debtors were indebted and obligated to
KB Silver under the Prepetition Debt Documents in a principal
amount of approximately $200,000, plus accrued but unpaid interest,
fees, costs and expenses incurred by the Prepetition Secured Party
under the Prepetition Debt Documents.

The Debtors asserted that their businesses have an immediate need
to obtain the DIP Facility and use cash collateral in order to have
adequate liquidity to provide for, among other things, the orderly
continuation of the operation of their businesses, maintain
business relationships with vendors, suppliers and customers, make
payroll, and satisfy other working capital, operational, financial
and general corporate needs, as well as pursue the orderly sale of
its assets through the Chapter 11 Cases.

KB Silver is granted continuing and enforceable liens in accordance
with 11 U.S.C. section 552(b) on the Prepetition Collateral and as
adequate protection, replacement liens on the Prepetition
Collateral, the Interim DIP Collateral, and any and all assets of
the Debtors as exist on or after the Petition Date in the same
priority and validity as existed on the Petition Date to the extent
there is any diminution in the value of such Prepetition Secured
Party's interests in the Prepetition Collateral or cash collateral
during the pendency of the Cases.

All amounts owing by the Debtors under the DIP Facility will be
secured by a first priority perfected security interest in and lien
on the Interim DIP Collateral and, subject to entry of an order in
the chapter 11 cases of Genesis Global Holdco pending in the United
States Bankruptcy Court for the Southern District of the New York,
Case No. 23-10063 (Jointly Administered), authorizing the priming
liens on the Genesis Collateral, pursuant to and in accordance with
the Final Order, subject only to the Carve-Out and the Prepetition
Permitted Liens.

The Carve-Out consists of:

     (i) the statutory fees payable to the U.S. Trustee pursuant to
28 U.S.C. sec. 1930(a)(6);

    (ii) allowed reasonable fees and expenses of professionals
employed by the Debtors in the Chapter 11 Cases pursuant to a Court
order, including a Subchapter V Trustee; and

   (iii) Professional Fees of Professionals incurred subsequent to
the calendar day immediately following termination of the Debtors'
access to cash collateral and DIP financing, in an aggregate amount
not to exceed $10,000.

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

                 About File Storage Partners, LLC

File Storage Partners, LLC offers data processing, hosting, and
related services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10877) on June 30,
2023. In the petition signed by Timothy Furey, chief restructuring
officer, the Debtor disclosed $12,230,623 in assets and $30,962,750
in liabilities.

Judge Craig T. Goldblatt oversees the case.

Evan T. Miller, Esq., at Bayard, P.A., represents the Debtor as
legal counsel.

Counsel to KB Silver Funding, LLC, the DIP Facility Lender and the
Prepetition Secured Party is Lindsay Zahradka Milne. Esq. at
BERNSTEIN, SHUR, SAWYER & NELSON, P.A. and Alan M. Root, Esq. at
ARCHER & GREINER P.C.

The Subchapter V Trustee is William A. Homony, Esq. at MILLER
COFFEY TATE LLP.



FTX TRADING: Silvergate Fraud Claims Will be Transferred to Cal.
----------------------------------------------------------------
Ben Miller of Bloomberg Law reports that Silvergate Capital Corp.
will face fraud claims related to its FTX ties in the US District
Court for the Southern District of California, a judge said in an
order changing the class action's venue.

The suit against Silvergate alleges that the bank aided and abetted
FTX and former CEO Sam Bankman-Fried's multibillion-dollar fraud
scheme by allowing the transfer of assets from FTX to Alameda
Research LLC, all while touting its anti-money laundering system.
Silvergate moved to dismiss the case in June, saying that the
customers who sued had chosen the wrong venue to pursue their
claims.

                       About FTX Group

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

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

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

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

FTX Trading Ltd (d/b/a FTX.com), West Realm Shires Services Inc.
(d/b/a FTX US), Alameda Research Ltd. and certain affiliated
companies then commenced Chapter 11 proceedings (Bankr. D. Del.
Lead Case No. 22-11068) on an emergency basis on Nov. 11, 2022.
Additional entities sought Chapter 11 protection on Nov. 14, 2022.
FTX Trading and its affiliates each listed $10 billion to $50
million in assets and liabilities, making FTX the biggest
bankruptcy filer in the US this year.  

According to Reuters, SBF shared a document with investors on Nov.
10, 2022, showing FTX had $13.86 billion in liabilities and $14.6
billion in assets.  However, only $900 million of those assets were
liquid, leading to the cash crunch that ended with the company
filing for bankruptcy.

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

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

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

Montgomery McCracken Walker & Rhoads LLP, led by partners Gregory
T. Donilon, Edward L. Schnitzer, and David M. Banker, is
representing Sam Bankman-Fried in the Chapter 11 cases.

White-collar crime specialist Mark S. Cohen has reportedly been
hired to represent SBF in litigation.  Lawyers at Paul Weiss
previously represented SBF but later renounced representing the
entrepreneur due to a conflict of interest.


FUSION GALAXY: Christopher Simpson Named Subchapter V Trustee
-------------------------------------------------------------
The U.S. Trustee for Region 14 appointed Christopher Simpson, Esq.,
at Osborn Maledon P.A. as Subchapter V trustee for Fusion Galaxy,
LLC.

Mr. Simpson will be paid an hourly fee of $450 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Christopher C. Simpson
     Osborn Maledon, P.A.
     2929 N. Central Avenue, 21st Fl.
     Phoenix, AZ 85012
     Phone: (602) 640-9349
     Fax: (602) 640-9050
     Email: csimpson@omlaw.com

                        About Fusion Galaxy

Fusion Galaxy, LLC is a full service, eco-friendly dry cleaner in
Arizona.

Fusion Galaxy filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. Ariz. Case No. 23-05010) on July 26,
2023, with $342,116 in assets and $1,686,283 in liabilities. Robert
Lyle Agnew, manager, signed the petition.

Judge Madeleine C. Wanslee oversees the case.

D. Lamar Hawkins, Esq., at Guidant Law, PLC represents the Debtor
as legal counsel.


GALLERIA 2425: Seeks to Hire Hayward PLLC as Bankruptcy Counsel
---------------------------------------------------------------
Galleria 2425 Owner, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to employ Hayward PLLC to
handle its Chapter 11 case.

Hayward received a retainer of $30,000 from the Debtor.

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

     Melissa Hayward        $500
     Other Attorneys $250 - $400
     Paralegal              $195

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

Melissa Hayward, Esq., a member of Hayward, 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:

     Melissa S. Hayward, Esq.
     Hayward PLLC
     10501 North Central Expy., Suite 106
     Dallas, TX 75231
     Telephone: (972) 755-7100
     Email: mhayward@haywardfirm.com

                      About Galleria 2425 Owner

Galleria 2425 Owner, LLC is a single asset real estate as defined
in 11 U.S.C. Section 101(51B).

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Case No. 23-60036) on July 5,
2023. In the petition signed by Dward Darjean, manager, the Debtor
disclosed up to $50 million in assets and up to $100 million in
liabilities.

Judge Christopher M. Lopez oversees the case.

Melissa S. Hayward, Esq., at Hayward PLLC, represents the Debtor as
legal counsel.


GANNETT PEAK: Seeks to Hire The Dakota Bankruptcy Firm as Counsel
-----------------------------------------------------------------
Gannett Peak, LLC seeks approval from the U.S. Bankruptcy Court for
the District of North Dakota to employ The Dakota Bankruptcy Firm
as legal counsel.

The firm will render these services:

     (a) prepare and file all necessary pleadings, motions, and
other court papers, on behalf of the Debtor;

     (b) negotiate with creditors and other interested parties;

     (c) represent the Debtor in any adversary proceedings,
contested matters, and other proceedings before this honorable
court;

     (d) prepare a plan of reorganization on behalf of the Debtor;
and

     (e) tend to such other and further matters as are necessary
and appropriate in the prism of this case.

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

     Partner     $400
     Associate   $200
     Paralegal   $100

Maurice VerStandig, Esq., an attorney at The Dakota Bankruptcy
Firm, 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:

     Maurice B. VerStandig, Esq.
     The Dakota Bankruptcy Firm
     1630 1st Avenue N, Suite B PMB 24
     Fargo, ND 58102
     Telephone: (701) 394-3215
     Email: mac@dakotabankruptcy.com

                         About Gannett Peak

Gannett Peak LLC filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D.N.D. Case No. 23-30248) on July 29,
2023, with as much as $1 million in both assets and liabilities.
Judge Shon Hastings oversees the case.

Maurice B. VerStandig, Esq., at The Dakota Bankruptcy Firm serves
as the Debtor's counsel.


GENESIS GLOBAL: Mediation to End Soon Regardless of Deal Status
---------------------------------------------------------------
Amelia Pollard of Bloomberg Law reports that bankrupt crypto lender
Genesis Global Holdco LLC has extended its mediation with creditors
for the last time, a company lawyer said during a hearing
Wednesday.

"If we do not make substantial progress with respect to a deal in
principle in the next two weeks, we do not believe that we will be
seeking to extend the mediation further," company lawyer Sean
O'Neal told US Bankruptcy Judge Sean Lane. As a result, the talks
will have to wrap up by Aug. 16, 2023.

                      About Genesis Global

Genesis Global Holdco, LLC, through its subsidiaries, and Global
Trading, Inc., provide lending and borrowing, spot trading,
derivatives and custody services for digital assets and fiat
currency.

Genesis Global Capital, LLC (GGC) and Genesis Asia Pacific PTE.
LTD. (GAP) provide lending and borrowing, spot trading, derivatives
and custody services for digital assets and fiat currency.  Genesis
Global Holdco, LLC owns 100% of GGC and GAP.  

Genesis Global Holdco, LLC, GGC and GAP each filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D.N.Y. Lead Case No. 23-10063) on Jan. 19, 2023. The cases are
pending before the Honorable Sean H. Lane.

At the time of the filing, Genesis Holdco reported $100 million to
$500 million in both assets and liabilities.

Genesis Holdco is a sister company of Genesis Global Trading, Inc.
("GGT") and 100% owned by Digital Currency Group, Inc. ("DCG").
GGT, DCG and certain of the Holdco subsidiaries are not included in
the Chapter 11 filings. The non-debtor subsidiaries include Genesis
UK Holdco Limited, Genesis Global Assets, LLC, Genesis Asia (Hong
Kong) Limited, Genesis Bermuda Holdco Limited, Genesis Custody
Limited ("GCL"), GGC International Limited ("GGCI"), GGA
International Limited, Genesis Global Markets Limited, GSB 2022 II
LLC, GSB 2022 III LLC and GSB 2022 I LLC.

The Debtors tapped Cleary Gottlieb Steen & Hamilton, LLP as
bankruptcy counsel; Morrison Cohen, LLP as special counsel; Alvarez
& Marsal Holdings, LLC as financial advisor; and Moelis & Company,
LLC as investment banker. Kroll Restructuring Administration, LLC
is the Debtors' claims and noticing agent and administrative
advisor.

The ad hoc group of creditors is represented by Kirkland & Ellis,
LLP and Kirkland & Ellis International, LLP.  The ad hoc group of
Genesis lenders is represented by Proskauer Rose, LLP.

The U.S. Trustee for Region 2 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
The committee tapped White & Case, LLP as bankruptcy counsel;
Houlihan Lokey Capital, Inc. as investment banker; Berkeley
Research Group, LLC as financial advisor; and Kroll as information
agent.


GLOBAL MEDICAL: Ares Capital Marks $12.4M Loan at 44% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $12.4 million loan extended
to Global Medical Response, Inc. and GMR Buyer Corp. to market at
$6.9 million or 56% of the outstanding amount, as of June 30, 2023,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended June 30, 2023, recently filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Global Medical Response, Inc. and GMR Buyer Corp. The loan
accrues interest at a rate of 9.47% (SOFR (M) + 4.25%) per annum.
The loan matures in March 2025.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended. Ares Capital has elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986, as
amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Global Medical Response Inc and GMR Buyer Corp provide emergency
air medical services.


GLOBAL MEDICAL: Ares Capital Marks $28.9M Loan at 44% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $28.9 million loan extended
to Global Medical Response, Inc. and GMR Buyer Corp. to market at
$16.1 million or 56% of the outstanding amount, as of June 30,
2023, according to a disclosure contained in Ares Capital's Form
10-Q for the quarterly period ended June 30, 2023, recently filed
with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Global Medical Response, Inc. and GMR Buyer Corp. The loan
accrues interest at a rate of 9.44% (LIBOR (M) + 4.25%) per annum.
The loan matures in October 2025.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended. Ares Capital has elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986, as
amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Global Medical Response Inc and GMR Buyer Corp provide emergency
air medical services.


GLOBAL MEDICAL: Ares Capital Marks $95M Loan at 43% Off
-------------------------------------------------------
Ares Capital Corporation has marked its $95.4 million loan extended
to Global Medical Response, Inc. and GMR Buyer Corp. to market at
$54.4 million or 57% of the outstanding amount, as of June 30,
2023, according to a disclosure contained in Ares Capital's Form
10-Q for the quarterly period ended June 30, 2023, recently filed
with the Securities and Exchange Commission.

Ares Capital is a participant in a Second lien senior secured loan
to Global Medical Response, Inc. and GMR Buyer Corp. The loan
accrues interest at a rate of 11.85% (SOFR (M) + 6.75%) per annum.
The loan matures in December 2029.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended. Ares Capital has elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986, as
amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Global Medical Response Inc and GMR Buyer Corp provide emergency
air medical services.



GREENBERG GOURMET: Seeks to Tap McNamee Hosea as Bankruptcy Counsel
-------------------------------------------------------------------
Greenberg Gourmet, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Maryland to employ McNamee Hosea, PA as
its bankruptcy counsel.

The firm will render these services:

     (a) prepare and file the petition, schedules, statement of
affairs and other documents required by the court;

     (b) represent the Debtor at the initial debtor interview and
meeting of creditors;

     (c) counsel the Debtor in connection with the formulation,
negotiation, and promulgation of plans of reorganization and
related documents;

     (d) advise the Debtor concerning, and assist in the
negotiation and documentation of financing agreements, debt
restructurings, and related transactions;

     (e) review the validity of liens asserted against the property
of the Debtor and advise the Debtor concerning the enforceability
of such liens;

     (f) prepare all necessary legal documents, and review all
financial and other reports to be filed in this Chapter 11 case;
and

     (g) perform all other legal services that the firm is
qualified to handle for or on behalf of the Debtor that may be
necessary or desirable in this Chapter 11 case and the Debtor's
business.

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

      Partners          $425
      Associates $300 - $350
      Paralegal         $135

Craig Palik, Esq., an attorney at McNamee Hosea, 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:
   
     Craig M. Palik, Esq.
     McNamee Hosea, PA
     6404 Ivy Lane, Suite 820
     Greenbelt, MD 20770
     Telephone: (301) 441-2420
     Facsimile: (301) 982-9450
     Email: cpalik@mhlawyers.com

                      About Greenberg Gourmet

Greenberg Gourmet LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Md. Case No. 23-15301) on July 28,
2023, with as much as $1 million in both assets and liabilities.
Judge Maria Ellena Chavez-Ruark oversees the case.

The Debtor tapped McNamee Hosea, PA as legal counsel and Sandra
Chiman CPA, LLC as accountant.


GREENBERG GOURMET: Seeks to Tap Sandra Chiman CPA as Accountant
---------------------------------------------------------------
Greenberg Gourmet, LLC seeks approval from the U.S. Bankruptcy
Court for the District of Maryland to employ Sandra Chiman CPA, LLC
as its accountant.

The Debtor requires the assistance of an accountant to assist in
the preparation of tax filings, monthly operating reports and to
provide general accounting services.

The firm charges at an hourly rate of $200, plus reimbursement for
expenses incurred.

Sandra Chiman, CPA, 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:
   
     Sandra Chiman, CPA
     Sandra Chiman CPA, LLC
     3116 Oriole Drive
     Sarasota, FL, 34243
     Telephone: (301) 332-8510

                      About Greenberg Gourmet

Greenberg Gourmet LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Md. Case No. 23-15301) on July 28,
2023, with as much as $1 million in both assets and liabilities.
Judge Maria Ellena Chavez-Ruark oversees the case.

The Debtor tapped McNamee Hosea, PA as legal counsel and Sandra
Chiman CPA, LLC as accountant.


GUARDIAN BASEBALL: Files Emergency Bid to Use Cash Collateral
-------------------------------------------------------------
Guardian Baseball, LLC asks the U.S. Bankruptcy Court for the
Western District of Kentucky, Louisville Division, for authority to
use cash collateral to meet ongoing expenses through the week of
August 31, 2023.

The Debtor was predominantly an online reseller of used sports
equipment when it began. Sales were small but growing in 2018 at
around $145,000. However, by the end of 2022, Guardian hit $7.8
million in sales making it one of the largest Internet resellers of
sporting goods and equipment. In addition, the company began
manufacturing its own sporting goods and equipment line. Amazon is
the Debtor's primary marketplace.

Guardian is more than a sporting goods brand. It has played a
significant role in the community over the years through
fundraisers, sponsorships, and donations. Since 2018, Guardian has
held fundraisers for tornado victims and for finding a cure for
Duchenne-Muscular dystrophy, donated equipment to West Louisville
Sports, and sponsored a variety of youth baseball teams including
special needs teams and underprivileged teams.

The company's new business line of manufacturing its own sporting
goods has seen success with its equipment being used in little
leagues and ball parks locally and internationally. In addition,
Guardian has been fortunate to have minor and major league baseball
players supporting it and wearing its product.

At the same time, the resale business crashed. After seeing the
success of Guardian's resale business, large brand manufacturers
decided to resell their own sporting goods and equipment directly
to consumers. This all but eliminated the need for Guardian as a
reseller.

When the swift end was put to the Debtor's resale business, Debtor
found itself unable to remit payments as the same became due. As a
result, like many small business debtors, it turned to high
interest internet loans targeted at small businesses and small
business owners.

On July 10, 2020, Guardian executed and delivered a Promissory Note
to the U.S. Small Business Administration in the total principal
amount of $50,000 with an interest rate of 3.75%.

As security for repayment of Guardian's obligations arising under
the SBA Note, the loan was secured by a Security Agreement dated
July 10, 2020, which granted the SBA a security interest in all of
the Debtor's right in all tangible and intangible personal
property.

On February 25, 2021, Guardian executed and delivered a Promissory
Note to Amazon Capital Services, LLC in the total principal amount
of $1.094 million with an interest rate of 12.99%.

As security for repayment of Guardian's obligations arising under
the Amazon Capital Note, the loan was secured by a Security
Agreement dated February 25, 2021, which granted Amazon Capital a
security interest in all of the Debtor's assets including cash
collateral. Amazon Capital has a second priority lien in the
Debtor's cash collateral.

The Debtor is without loan documents on most of the Internet
lenders but acknowledges that the following parties have filed UCC
financing statements against the Debtor's assets:

     a. First Corporate Solutions, as representative, filed October
1, 2021;
     b. Swift Financial filed September 22, 2022;
     c. Shopify Capital filed November 15, 2022;
     d. Sellers Funding Corp dated April 4, 2023; and
     e. Credibly of Arizona, LLC filed July 25, 2023.

The value of the Debtor's assets will not exceed the debt owed to
the SBA and Amazon Capital. As such, these loans are deemed
unsecured.

As adequate protection, Guardian proposes that the Court should
grant the SBA and Amazon Capital replacement liens on all
collateral of the same type and respective priorities upon which
each held valid and properly perfected liens prior to the Petition
Date. In addition, Guardian will continue to timely remit its
regular monthly payments to the SBA and Amazon Capital.

Guardian submits that the proposed replacement liens and monthly
payments are sufficient to adequately protect SBA's asserted
interest in the cash collateral.

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

                 About Guardian Baseball, LLC

Guardian Baseball, LLC is a manufacturer and retailer of sporting
goods and equipment.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Ky. Case No. 23-31813) on August 3,
2023. In the petition signed by Zev Bernard, chief operating
officer, the Debtor disclosed up to $1 million in assets and up to
$10 million in liabilities.

Charity S. Bird, Esq., at Kaplan Johnson Abate & Bird LLP,
represents the Debtor as legal counsel.


GUARDIAN FUND: Seeks to Hire Excelsis as Accountant
---------------------------------------------------
Guardian Fund, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to employ Excelsis Accounting Group.

The firm's services include:

     a. preparing Form 1065 U.S. Return of Partnership Income for
the year ending Dec. 31, 2022;

     b. responding to request from the Debtor and the official
committee of unsecured creditor's counsel, Sallie Armstrong, Esq.,
at McDonald Carano; and

     c. any accounting and reporting services in conjunction with
the requirements of this Chapter 11 bankruptcy proceeding.

Excelsis firm will be paid at these rates:

      Partners   $450 per hours
      Managers   $250 per hour
      Staff      $175 per hour

Mark Bailey, a partner at Excelsis, 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:

     Mark A. Bailey
     Excelsis Accounting Group
     5335 Kietzke Lane Suite 110
     Reno, NV 89511
     Tel: (775) 332-4200
     Fax: (775) 332-4210   
     Email: mbailey@excelsisaccounting.com

                        About Guardian Fund

The WendellLa and Nancy King Family Trust and several other
creditors represented by Jeffrey L. Hartman filed a Chapter 7
involuntary petition (Bankr. D. Nev. Case No. 23-50117) against
Guardian Fund, LLC, a company in Reno, Nev., on March 17, 2023.

On April 11, 2023, Guardian Fund filed a Chapter 11 voluntary
petition (Bankr. D. Nev. Case No. 23-50233). At the time of the
filing, Guardian Fund reported $10 million to $50 million in assets
and $50 million to $100 million in liabilities.

On April 27, 2023, the Nevada bankruptcy court approved the
stipulation filed in both cases by Guardian Fund and the
petitioning creditors. The order directed the consolidation of the
two cases, with Case No. 23-50177 as the lead case, and set the
Chapter 11 petition date to March 17, 2023. Judge Natalie M. Cox
oversees the case.

The Debtor tapped Harris Law Practice, LLC and Excelsis Accounting
Group as legal counsel and accountant, respectively.

On May 10, 2023, the U.S. Trustee for Region 17 appointed an
official committee to represent unsecured creditors. Sallie B.
Armstrong, Esq., at McDonald Carano, LLP serves as the committee's
legal counsel.

Jeffrey Golden, Esq., is the examiner appointed in the Debtor's
Chapter 11 case.


HOLIDAY HAM: Gets OK to Tap Morris Realty and Auction
-----------------------------------------------------
Holiday Ham Holdings, LLC received approval from the U.S.
Bankruptcy Court for the Western District of Tennessee to employ
Morris Realty and Auction.

The Debtor requires an auctioneer and broker to liquidate its
equipment at Holiday Midtown store and Pimentos Crown Centre.

The firm will receive a commission equal to 30 percent of the bid
amount. In addition, it shall be allowed to charge the winning
bidders a buyer's premium equal to 15 percent.

Jeff Morris, a member of Morris Realty and Auction, 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:

     Jeff Morris
     Morris Realty and Auction
     2133 Whitten Road
     Memphis, TN 38133
     Telephone: (901) 565-7770
     
                    About Holiday Ham Holdings

Holiday Ham Holdings, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Tenn. Case No. 23-23313) on July
7, 2023. In the petition signed by Lucius D. Jordan, III, president
and managing member, the Debtor disclosed up to $10 million in both
assets and liabilities.

Judge M. Ruthie Hagan oversees the case.

Toni Campbell Parker, Esq., at Law Firm of Toni Campbell Parker,
represents the Debtor as legal counsel.

Pinnacle Bank, as lender, is represented by Matthew R. Murphy,
Esq., at Smythe Huff & Murphy, PC.


HOT'Z POWER: Unsecureds to Get Share of Income for 36 Months
------------------------------------------------------------
Hot'z Power Wash, Inc., submitted a Third Amended Plan of
Reorganization for Small Business dated August 1, 2023.

This Plan of Reorganization proposes to pay Debtor's creditors from
the cash flow generated in the ordinary course of the Debtor's
business after confirmation.

Class 1 consists of the claim of SOS Capital. Hotz will pay
$30,199.00 to Class 1 by no later than October 1, 2026. The claim
will be paid in approximately equal monthly installments at 7% per
annum interest.

Class 2 consists of the Secured Claim of Internal Revenue Service.
Hotz will pay $12,975.15 to Class 2 by no later than October 1,
2026. The claim will be paid in approximately equal monthly
installments at 7% per annum interest [Amended Claim No. 4].
Interest will be calculated and paid in accordance with IRS
requirements.

Class 3 consists of Unsecured Creditors. Hotz will pay the
projected disposable income for 36 months following the Effective
Date to creditors in this class with allowed claims in the amount
set forth on the projections with this plan. The payments to
unsecured creditors will be escrowed by the Subpart V Trustee or
the Debtor and paid on at least a calendar quarterly basis. This
Class is impaired.

The equity holders will retain the interest in the Debtor.

September 26, 2023 is the deadline for filing ballots accepting or
rejecting the Plan. Ballots must be submitted on or before this
date to be counted.

A full-text copy of the Third Amended Plan dated August 1, 2023 is
available at https://urlcurt.com/u?l=ivDMF7 from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Reese W. Baker, Esq.
     Baker & Associates
     950 Echo Lane, Ste. 300
     Houston, TX 770024
     Telephone: (713) 869-9200
     Facsimile: (713) 869-9100
     Email: courtdocs@bakerassociates.net

                     About Hot'z Power Wash

Hot'z Power Wash, Inc., is a pressure washing company that
specializes in restaurant kitchen exhaust systems. The company has
been in business for over 10 years.

Hot'z Power Wash sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Case No. 23-30749) on March 5,
2023, with up to $100,000 in both assets and liabilities.  James
Finney, president of Hot'z Power Wash, signed the petition.

Judge Eduardo V. Rodriguez oversees the case.

The Debtor tapped Reese Baker, Esq., at Baker & Associates as legal
counsel, and Elna Tax Services, Inc., as accountant.


HTG MOLECULAR: Committee Taps Mesch Clark & Rothschild as Counsel
-----------------------------------------------------------------
The official committee of unsecured creditors of HTG Molecular
Diagnostics, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to employ Mesch, Clark & Rothschild, P.C.
as lead bankruptcy counsel.

The firm's services include:

     a. providing legal advice as necessary with respect to the
committee's powers and duties under Bankruptcy Code Section 1102;

     b. assisting the committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtor, the
operation of the Debtor's business, potential claims, and any other
matters relevant to this Chapter 11 case, to the sale of assets, or
to the formulation of a plan of reorganization or liquidation;

     c. participating in the formulation of a Chapter 11 plan;

     d. providing legal advice as necessary with respect to any
disclosure statement and plan filed in this Chapter 11 case and
with respect to the process for approving or disapproving
disclosure statements and confirming or denying confirmation of a
plan;

     e. preparing legal papers;

     f. appearing in court;

     g. assisting the committee in requesting the appointment of a
trustee or examiner should such action be necessary; and

     h. other necessary legal services.

The firm will be paid at these rates:

     Frederick J. Petersen   $575 per hour
     Isaac D. Rothschild     $525 per hour
     Alexander Winkelman     $400 per hour
     Caitlin G. Lujan        $300 per hour
     Paraprofessionals       $125 to $265 per hour

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

Richard Kris, Esq., a partner at Mesch, Clark & Rothschild,
disclosed in a court filing that his firm is a "disinterested
person" pursuant to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Isaac D. Rothschild, Esq.
     Mesch, Clark & Rothschild, P.C.
     259 N. Meyer Ave.
     Tucson, AZ 85701-1090
     Tel: (520) 624-8886
     Email: ecfbk@mcrazlaw.com

                 About HTG Molecular Diagnostics

HTG Molecular Diagnostics, Inc. is a commercial-stage company that
develops and markets a technology platform to facilitate the
routine use of complex molecular profiling.  The Tucson,
Arizona-based Company's HTG Edge and HTG EdgeSeq platforms, which
is comprised of instrumentation, consumables and software
analytics, automates the molecular profiling of genes and gene
activity.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10732) on June 5, 2023.
In the petition signed by Shaun McMeans, senior vice president and
chief financial officer, the Debtor disclosed up to $10 million in
both assets and liabilities.

Judge Kate Sickles oversees the case.

Frederick B. Rosner, Esq., at The Rosner Law Group, LLC, is the
Debtor's legal counsel.

Silicon Valley Bank, as lender, is represented by Alex Rheaume,
Esq., at Morrison & Foerster LLP.

On June 22, 2023, the U.S. Trustee for Regions 3 and 9 appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case. Mesch, Clark & Rothschild, P.C. and Womble Bond
Dickinson (US), LLP serve as the committee's bankruptcy counsel and
Delaware counsel, respectively.


HTG MOLECULAR: Committee Taps Womble Bond Dickinson as Del. Counsel
-------------------------------------------------------------------
The official committee of unsecured creditors of HTG Molecular
Diagnostics, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to employ Womble Bond Dickinson (US), LLP
as Delaware counsel.

The firm's services include:

     a. providing legal advice as necessary with respect to the
committee's powers and duties under Bankruptcy Code Section 1102;

     b. assisting the committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtor, the
operation of the Debtor's business, potential claims, and any other
matters relevant to this Chapter 11 case, to the sale of assets, or
to the formulation of a plan of reorganization or liquidation;

     c. participating in the formulation of a Chapter 11 plan;

     d. providing legal advice as necessary with respect to any
disclosure statement and plan filed in this Chapter 11 case and
with respect to the process for approving or disapproving
disclosure statements and confirming or denying confirmation of a
plan;

     e. preparing legal papers;

     f. appearing in court;

     g. assisting the committee in requesting the appointment of a
trustee or examiner should such action be necessary; and

     h. other necessary legal services.

The firm will be paid at these rates:

     Partners              $325 to $1,075 per hour
     Of Counsel            $330 to $845 per hour
     Associates            $305 to $625 per hour
     Senior Counsel        $125 to $780 per hour
     Counsel               $100 to $795 per hour
     Paralegals            $65 to $535 per hour
     Donald J. Detweiler   $785 per hour
     Matthew P. Ward       $785 per hour
     Todd A. Atkinson      $525 per hour
     Elazar A. Kosman      $340 per hour

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

Donald Detweiler, Esq., a partner at Womble Bond Dickinson (US),
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:

     Donald J. Detweiler, Esq.
     Womble Bond Dickinson (US), LLP
     1313 North Market Street, Suite 1200
     Wilmington, DE 19801
     Tel: (302) 252-4320
     Fax: (302) 252-4330
     Email: matthew.ward@wbd-us.com

                 About HTG Molecular Diagnostics

HTG Molecular Diagnostics, Inc. is a commercial-stage company that
develops and markets a technology platform to facilitate the
routine use of complex molecular profiling.  The Tucson,
Arizona-based Company's HTG Edge and HTG EdgeSeq platforms, which
is comprised of instrumentation, consumables and software
analytics, automates the molecular profiling of genes and gene
activity.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-10732) on June 5, 2023.
In the petition signed by Shaun McMeans, senior vice president and
chief financial officer, the Debtor disclosed up to $10 million in
both assets and liabilities.

Judge Kate Sickles oversees the case.

Frederick B. Rosner, Esq., at The Rosner Law Group, LLC, is the
Debtor's legal counsel.

Silicon Valley Bank, as lender, is represented by Alex Rheaume,
Esq., at Morrison & Foerster LLP.

On June 22, 2023, the U.S. Trustee for Regions 3 and 9 appointed an
official committee to represent unsecured creditors in the Debtor's
Chapter 11 case. Mesch, Clark & Rothschild, P.C. and Womble Bond
Dickinson (US), LLP serve as the committee's bankruptcy counsel and
Delaware counsel, respectively.


IMPLUS FOOTCARE: Ares Capital Marks $117M Loan at 15% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $117 million loan extended
to Implus Footcare, LLC to market at $99.5 million or 85% of the
outstanding amount, as of June 30, 2023, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Implus Footcare, LLC. The loan accrues interest at a rate of
12.99% (SOFR (Q) +7.75%) per annum. The loan matures in April
2024.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Implus Footcare, LLC markets footwear and outdoor accessories.


JDC HEALTHCARE: Ares Capital Marks $4.9M Loan at 53% Off
--------------------------------------------------------
Ares Capital Corporation has marked its $4.9 million loan extended
to JDC Healthcare Management, LLC to market at $2.3 million or 47%
of the outstanding amount, as of June 30, 2023, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First Lien Senior Secured
Revolving loan to JDC Healthcare Management, LLC. The loan matures
April 2024.

Ares Capital classified the loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended. Ares Capital has elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986, as
amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

JDC Healthcare Management, LLC is a dental services provider.




JDC HEALTHCARE: Ares Capital Marks $41.5M Loan at 52% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $41.5 million loan extended
to JDC Healthcare Management, LLC to market at $19.9 million or 48%
of the outstanding amount, as of June 30, 2023, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to JDC Healthcare Management, LLC. The loan matures April 2024.
Ares Capital classified the loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended. Ares Capital has elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986, as
amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

JDC Healthcare Management, LLC is a dental services provider.


JEFFERIES FINANCE: S&P Alters Outlook to Neg., Affirms 'BB-' ICR
----------------------------------------------------------------
S&P Global Ratings revised its outlook on Jefferies Finance LLC
(JFIN) to negative from stable. At the same time, S&P affirmed all
its ratings on JFIN, including its 'BB-' issuer credit and
unsecured debt ratings.

Jefferies Finance LLC (JFIN) holding company JFIN Parent LLC
reported a significant decline in adjusted total equity (ATE) in
the second quarter of 2023, after taking possession of the bankrupt
beauty company Forma Brands LLC (not rated).

The outlook revision reflects JFIN Parent's higher leverage, as
measured by debt to ATE, of 6.6x as of May 31, 2023, above our
downside threshold of 4.5x. While S&P expects the company to take
steps to reduce leverage, it will face execution risk in getting
back to 4.5x and below. On a consolidated basis, the rise in
leverage was primarily because ATE decreased to $727 million from
$1.3 billion the prior quarter. This includes consolidated
collateralized loan obligation (CLO) debt related to JFIN's
transfer of equity interests in certain CLOs to JFIN Parent.

In April 2023, the company acquired a 65% controlling stake in a
borrower for one of its underperforming loans, Forma Brands, for
$690 million along with other lenders. The $690 million was in
exchange for relief on the debt Forma Brands owed JFIN and other
lenders. Upon closing, JFIN distributed the equity interest of
Forma Brands to JFIN Parent.

As a result of this transaction, the company recognized goodwill
and intangibles of $602 million on a consolidated basis, which S&P
deduct from its calculation of ATE. At the operating company level,
Jefferies Finance LLC, a $67.5 million reserve previously recorded
against this position was charged off.

S&P expects the group to work toward exiting this investment, but
it is uncertain how long that will take and what value the company
will receive.

Macroeconomic headwinds will likely lead to asset quality
deterioration for commercial finance companies like JFIN and limit
syndication activity. S&P Global Ratings economists expect that a
necessary slowdown in activity means policy rates will likely be
higher for longer. S&P expects a growth slowdown rather than a
recession, forecasting real GDP growth of 1.7% for 2023, and 1.3%
for 2024.

For the six months ended May 31, 2023, JFIN's gross fee income
declined by 61% on a yearly basis by $195 million due to limited
market activity given the volatility from inflation, rising rates,
and recession concerns. JFIN's earnings can also be volatile around
conditions in the leveraged loan market.

As of May 31, 2023, JFIN's internal risk scoring of receivables '7'
or higher was $884 million, or 25.5% of loan receivables, versus
$798 million, or 24.2%, at fiscal year-end November 2022.

S&P said, "Under our base-case scenario, we expect the lagging
impact from higher interest rates will further pressure borrowers'
interest coverage in the second half of 2023, which could lead to
weaker asset quality. As of May 31, 2023, there were two borrowers
whose individual loan balances represented more than 5% of all loan
balances. Any weakness in these loans could impair JFIN's earnings.
As of May 31, 2023, JFIN's top three industry concentrations were
automotive (15%), health care (14%), and nondurable consumer goods
(11%).

"We believe JFIN has adequate liquidity to meet its upcoming
commitments. As of May 31, 2023, JFIN had $64.4 million of
unrestricted cash and $890 million available (greater than $1
billion if adjusted for outstanding frontings) on the $1.65 billion
revolving credit facility. The company also had $1.935 billion of
fronting lines at its disposal, and $2.3 billion of capacity
through revolver CLOs and warehouses to fund revolving commitments.
Underwriting commitments were $0.2 billion, net of $0.1 billion
syndicated to third parties, and undrawn commitments were $4.2
billion.

"We rate Jefferies Finance LLC's senior unsecured notes in line
with the issuer credit rating. As of quarter-end May 31, 2023,
JFIN's priority debt was above 30% of adjusted assets and
unencumbered assets to unsecured debt was above 1.0x.

"We base our rating on JFIN's unsecured debt on our view that the
company is likely to operate with priority debt of less than 30% of
our calculation of adjusted assets while maintaining unencumbered
assets above its outstanding unsecured debt. If the company were to
continue to operate with priority debt greater than 30%, we could
lower our unsecured debt rating by one notch from the issuer credit
rating.

"The negative outlook reflects the possibility that we will lower
the rating in the next 12 months if the company cannot make
substantial progress in reducing leverage toward or below 4.5x. Our
outlook also considers the company maintaining adequate liquidity,
with no material deterioration in asset quality and ongoing support
from Massachussets Mutual Life Insurance Co. (MassMutual;
AA+/Stable/--) and Jefferies Group LLC (BBB/Stable/--), which
together own JFIN Parent."

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

-- The company does not make substantial progress toward lowering
debt to ATE below 4.5x;

-- Asset quality materially weakens;

-- Liquidity becomes strained, perhaps because of underwriting
commitments or draws on revolvers by portfolio companies; or

-- Jefferies Group reduces its commitment to JFIN.

S&P said, "We could revise the outlook to stable over the next 12
months if we expect the consolidated group's leverage to fall below
4.5x on a sustained basis. The outlook revision will also depend on
the company maintaining adequate liquidity, steady asset quality,
and no changes to ongoing support from MassMutual and Jefferies
Group."



JR7 WORLDWIDE: Susan Seflin Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 16 appointed Susan Seflin, Esq., a
partner at BG Law, as Subchapter V trustee for JR7 Worldwide, Inc.

Ms. Seflin will be paid an hourly fee of $625 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred. The compensation for her trustee administrators
is $250 per hour.

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

The Subchapter V trustee can be reached at:

     Susan K. Seflin, Esq.
     BG Law
     21650 Oxnard St, Suite 500
     Woodland Hills, CA 91367
     Tel: (818) 827-9000
     Email: sseflin@bg.law

                        About JR7 Worldwide

JR7 Worldwide, Inc. filed a petition under Chapter 11, Subchapter V
of the Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-14615) on
July 24, 2023, with as much as $50,000 in assets and $500,001 to $1
million in liabilities.

Judge Deborah J. Saltzman oversees the case.

Joseph Trenk, Esq., at the Law Offices of Joseph Trenk represents
the Debtor as bankruptcy counsel.


JT & SON: Seeks Cash Collateral Access
--------------------------------------
J.T. and Son Construction, LLC asks the U.S. Bankruptcy Court for
the Western District of Pennsylvania for authority to use cash
collateral and provide adequate protection.

U.S. Small Business Administration has a lien on certain property
of the Debtor by way of a business loan. The lien was perfected by
the filing of a UCC Financing Statement (Filing #: 2020060101573)
with the Pennsylvania Secretary of State on June 1, 2020. The SBA
has a valid and perfected first priority lien and security interest
in the cash collateral.

John Deere Construction & Forestry Company, has a lien on certain
property of the Debtor by way of a business loan. The lien was
perfected by the filing of a UCC Financing Statement (Filing #:
2021102000157) with the Pennsylvania Secretary of State on October
19, 2021. John Deere has a valid and perfected second priority lien
and security interest in the cash collateral.

CHTD Company, has a lien on certain property of the Debtor by way
of a business loan. The lien was perfected by the filing of a UCC
Financing Statement (Filing #: 2022010600720) with the Pennsylvania
Secretary of State on January 6, 2022. CHTD has a valid and
perfected third priority lien and security interest in the cash
collateral.

Internet Truckstop Payments, LLP, has a lien on certain property of
the Debtor by way of a business loan. The lien was perfected by the
filing of a UCC Financing Statement (Filing #: 2022013101466) with
the Pennsylvania Secretary of State on January 31, 2022. ITP has a
valid and perfected fourth priority lien and security interest in
the cash collateral.

Corporation Service Company, has a lien on certain property of the
Debtor by way of a business loan. The lien was perfected by the
filing of a UCC Financing Statement (Filing #: 2022022401141) with
the Pennsylvania Secretary of State on February 24, 2022. CSC has a
valid and perfected fifth priority lien and security interest in
the cash collateral.

John Deere Construction and Forestry Company has a lien on certain
property of the Debtor by way of a business loan. The lien was
perfected by the filing of a UCC Financing Statement (Filing #:
2022041100439) with the Pennsylvania Secretary of State on April 8,
2022.

John Deere has a valid and perfected sixth priority lien and
security interest in the cash collateral.

Channel Partners Capital, has a lien on certain property of the
Debtor by way of a business loan. The lien was perfected by the
filing of a UCC Financing Statement (Filing #: 20230209026889) with
the Pennsylvania Secretary of State on February 9, 2023. Channel
Partners Capital has a valid and perfected seventh priority lien
and security interest in the cash collateral.

National Funding, Inc., has a lien on certain property of the
Debtor by way of a business loan. The lien was perfected by the
filing of a UCC Financing Statement (Filing #: 20230317051895) with
the Pennsylvania Secretary of State on March 17, 2023. National
Funding, Inc. has a valid and perfected eighth priority lien and
security interest in the cash collateral.

Atipana Credit Opportunity Fund I, LP has a lien on certain
property of the Debtor by way of a business loan. The lien was
perfected by the filing of a UCC Financing Statement (Filing #:
20230517100839) with the Pennsylvania Secretary of State on May 17,
2023. Atipana has a valid and perfected ninth priority lien and
security interest in the cash collateral.

Corporation Service Company, has a lien on certain property of the
Debtor by way of a business loan. The lien was perfected by the
filing of a UCC Financing Statement (Filing #: 2019072900637) with
the Pennsylvania Secretary of State on July 29, 2019. CSC has a
valid and perfected fifth priority lien and security interest in
the cash collateral.

The Debtor proposes that the Court authorize the use of all
proceeds, funds, and accounts constituting the Debtor's cash
collateral and incoming cash collateral as it arrives on the
condition that the Debtor begins adequate protection payments to
all Respondents consistent with the Chapter 11 Plan to be filed
with the Court.

A copy of the motion is available at https://urlcurt.com/u?l=keyq5C
from PacerMonitor.com.

               About J.T. and Son Construction, LLC

J.T. and Son Construction, LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. W.D. Pa. Case No. 23-21623) on
August 2, 2023. In the petition signed by John Minarik, owner and
operator, the Debtor disclosed up to $10 million in both assets and
liabilities.

Brian C. Thompson, Esq., at Thompson Law Group, P.C., is the
Debtor's counsel.


KRATON CORP: Moody's Alters Outlook on 'Ba3' CFR to Negative
------------------------------------------------------------
Moody's Investors Service has changed Kraton Corporation's
("Kraton") outlook to negative from stable. At the same time,
Moody's has affirmed Kraton's Ba3 Corporate Family Rating, Ba3-PD
Probability of Default Rating, as well as Ba3 ratings on the
first-lien term loan facilities. The outlook on Kraton Polymers
Holdings B.V. has also been changed to negative from stable.

Affirmations:

Issuer: Kraton Corporation

Corporate Family Rating, Affirmed Ba3

Probability of Default Rating, Affirmed Ba3-PD

Senior Secured 1st Lien Term Loan, Affirmed Ba3

Issuer: Kraton Polymers Holdings B.V.

Senior Secured 1st Lien Term Loan, Affirmed Ba3

Outlook Actions:

Issuer: Kraton Corporation

Outlook, Changed To Negative From Stable

Issuer: Kraton Polymers Holdings B.V.

Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The negative outlook reflects Kraton's weaker earnings in 2023 and
higher debt leverage amid soft market conditions, which may
continue into 2024. Moody's expects its debt leverage to breach the
Ba3 rating trigger for the next several quarters based on recent
macroeconomic conditions. Management is taking actions to reduce
cost, preserve working capital and improve financial flexibility,
which combined with a gradual recovery in demand, could help free
cash generation and deleveraging. However, failure to lowering its
leverage or improve its liquidity could result in a rating
downgrade.

Demand from roofing, paving and adhesives markets is expected to
remain soft for the rest of 2023. Moody's expects Kraton's earnings
in 2023 will be significantly lower than the record levels of 2021
and 2022, with its EBITDA (excluding company adjustment for raw
material replacement cost) likely approaching the trough level of
2020. Polymer segment is currently impacted by lower demand
volumes, declining average selling prices partly due to lower raw
material costs and high cost inventory being sold into a low cost
environment. Falling raw material costs will benefit the EBITDA
over time, once the older inventory is liquidated. Pine chemicals
segment faces the challenges of limited CTO supply and demand
softness in adhesives applications, despite strong profit margins.

The increase in interest expense and high capital expenditures for
growth projects will weaken Kraton's free cash flow generation in
2023. Kraton drew down a significant amount under its revolver to
fund its working capital requirement, despite lower raw material
costs, in the first half of 2023. With nearly $1.2 billion total
debt, Kraton's debt/EBITDA leverage (excluding company adjustment
for raw material replacement cost) is trending towards six times in
2023 from below four times in 2022.

Kraton's credit profile is constrained by performance volatility
and working capital swings due to large movements in raw material
prices, such as butadiene and styrene, some risk of product
substitution in pine chemicals given the competing hydrocarbon
alternatives, as well as risk of unexpected production outages. Its
business performance is affected by cyclical end markets such as
construction, automotive and oilfield, as well as competitive
pricing in SBC and pine based chemicals. Lower operating rates
resulting from scheduled maintenance and turnaround activity could
lead to lower fixed cost absorption and lower earnings.

However, Kraton's Ba3 CFR remains supported by its leading market
positions in styrenic block copolymers (SBC) and pine based
specialty chemicals. The company benefits from its long lived
customer and supplier relationships, diverse end-markets and
customers, both hydrocarbon and renewable raw materials. Its
investment in high-margin products and improved specialty offerings
have contributed to margin improvements. Additionally, the company
has committed to lowering working capital with prudent capital
expenditures and cost management in the current economic cycle.
Moody's expects Kraton to generate nearly $300 million mid-cycle
EBITDA, an average debt/EBITDA close to four times and free cash
flow generation to buffer against cyclical demand.

Additionally, Kraton's rating is calibrated based on its standalone
credit profile without the assumption of large capital expenditure
or excessive shareholder distributions under the ownership of DL
Chemical.

Kraton's liquidity included $53 million cash on hand and $68
million availability under $300 million ABL facility (unrated), as
of March 31, 2023. The $300 million ABL revolver due March 2027 is
required to cover seasonal working capital needs. The revolver has
a springing fixed charge covenant of 1x, which will only be tested
if the ABL availability falls below 10% of the borrowing base or
$22.5 million. Moody's expects the company to expand its liquidity
sources given the large amount of revolver already drawn and the
limited free cash flow generation in 2023.

Environmental, social and governance factors are also factored in
Kraton's rating. Kraton's CIS-4 mainly reflects the negative effect
of its aggressive financial strategy, concentrated ownership after
its acquisition by DL Chemical in 2021, as well as a history of
production disruptions by hurricanes, risks associated with the
limited supply of crude tall oil and waste and pollution from its
production processes.

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

The rating could be downgraded, if EBITDA margin does not improve
from trough levels over the next year, debt leverage sustains over
4.5x, or there is a lack of free cash flow generation. A rating
upgrade, which is unlikely given the negative outlook, would
require that Kraton's improves its earnings stability, reduces
adjusted debt/EBITDA sustainably below 3.5x and maintains Retained
Cash Flow/debt above 15%.

Kraton Corporation, headquartered in Houston, Texas, is a major
global producer of styrenic block copolymers (SBCs), which are
synthetic elastomers used in industrial and consumer applications
to impart favorable product characteristics such as flexibility,
resilience, strength, durability and processability. Major end uses
for Kraton's Polymer segment products include personal care
products, packaging and films, medical applications, adhesives,
sealants, coatings, paving, roofing and compounds. The company
generated revenues of about $2.2 billion in 2022. In March 2022, DL
Chemical Co., Ltd., a subsidiary of DL Holdings Co., Ltd.,
completed the acquisition of Kraton for about $2.5 billion in
enterprise value.

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


LAKE DISTRICT: LRK Says Disclosures Inadequate
----------------------------------------------
LRK, Inc., objects to The Lake District, LLC's Disclosure
Statement.

Prior to the Debtor's filing of this bankruptcy case, the Debtor
entered into a contract for LRK, an architectural services firm, to
provide professional services to Debtor.  The Debtor owes LRK
$64,255.25 for work relating to the "Big Box Retail Shops" and
$53,433.75 for work relating to master planning for the property
and development.  LRK filed mechanics' and materialman's liens to
secure its debt and perfected those liens.

LRK notes that there is no basis in law to classify mechanics' and
materialmen's lienholders differently or to use the date of filing
the lien as the priority date.  As a result, all mechanics' and
materialman's liens have the same priority date and LRK's debt
should not be classified separately from or as lower priority than
other mechanics' and materialmen's lien claimants.

LRK avers that the classification of LRK's debt into two separate
classes, and the classification of each of the other mechanic's and
materialmen's lienholders into separate classes from the other
mechanics' lien claimants, violates Section 1122(a) of the
Bankruptcy Code.

In addition, according to LRK, the disparate treatment of the
mechanics' and materialman's lien claimants, and specifically LRK's
claim, constitutes unfair discrimination under Section 1129(b)(1)
of the Bankruptcy Code.  As a result, the proposed Plan is not fair
and equitable to LRK.

LRK notes that the Debtor fails to provide adequate information
under Section 1125 explaining the reason for classification of the
mechanics' and materialman's liens into separate Classes 2-7 and
the disparate treatment of the mechanics' and materialmen's lien
holders.

Further, LRK notes that it appears that Debtor intends to use LRK's
plans and instruments of service.  However, under LRK's contract
with the Debtor, as well as under LRK's agreements with Debtor's
lender, those instruments may not be used by Debtor, lender, or any
other person without full payment to LRK.  The Disclosure Statement
does not address how the Debtor is to proceed without the use of
LRK's plans or how LRK is to be paid in full so that its plans may
be utilized; therefore, the Disclosure Statement fails to provide
adequate information under Section 1125 of the Bankruptcy Code.

Attorneys for LRK Inc.:

     Shea Sisk Wellford, Esq.
     MARTIN, TATE, MORROW & MARSTON, P.C.
     International Place, Tower II, 6410 Poplar Avenue, Suite 1000

     Memphis, TN 38119
     Telephone: (901) 522-9000
     Facsimile: (901) 527-3746
     E-mail: sheawellford@martintate.com

                    About The Lake District LLC

The Lake District, LLC, is the developer of The Lake District, a
major mixed-use development in Lakeland, Tenn.

The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Tenn. Case No. 23-21496) on March 24, 2023, with
$80,244,507 in assets and $47,247,115 in liabilities.  Yehuda
Netanel, manager, signed the petition.

Judge Jennie D. Latta oversees the case.

Michael P. Coury, Esq., at Glankler Brown, PLLC, serves as the
Debtor's legal counsel.


LAKE DISTRICT: Romspen Says Plan Not Feasible
---------------------------------------------
TIG Romspen US Master Mortgage LP, an exempted Cayman Islands
limited partnership, as secured lender to debtor The Lake District,
LLC, filed an objection to the Disclosure Statement of the Debtor.


As of the Petition Date, the indebtedness the Debtor owed to
Romspen equaled approximately $49,446,186.80, which amount is
secured by virtually all, if not all, of the Debtor's assets.

Romspen points out that the Plan is not feasible.

The Plan contemplates two fundamentally flawed financial
components:

   * First, the Debtor proposes to sell individual parcels over a
twelve-month marketing period to repay creditors, starting with
Romspen. But the Court has already found and concluded that: (i)
the Debtor has no equity in the Property; (ii) it is unreasonable
to assume the Outparcels, let alone the Shopping Center Parcel and
the remaining undeveloped property, will all sell within twelve
months; and (iii) to the extent the remaining undeveloped property
is sold within twelve months, it is likely to be sold to a single
developer for a discounted price – in line with Mr. Neyhart's
aggregate value of only $35.6 million. The Plan therefore proposes
a liquidation that will fail to generate adequate sales proceeds to
repay Romspen in full, and thus will not confer any benefit on
other creditors. Meanwhile, the indebtedness owed to Romspen will
grow – the Plan proposes that Romspen's post-confirmation
indebtedness will accrue interest at a "market rate."  Romspen will
be pursuing foreclosure at the end of the one-year term. This is
more than mere conjecture: the Debtor has consistently failed to
perform. The Debtor failed to sell or refinance the Property when
the Loan matured, when the maturity date was extended voluntarily
by Romspen, or when Romspen agreed to forbear under two
post-maturity forbearance agreements; the Debtor failed to sell
parcels as agreed; the Debtor failed to pay down the loan through
equity infusions as agreed; and so on. See Minute Entry, p. 6.
Under other circumstances, a twelve-month marketing period might be
reasonable (and even acceptable to Romspen). But here, the Debtor
has offered no indication why the results will be any different
post-confirmation.

   * Second, the Plan anticipates paying operating expenses from
revenues generated by the Shopping Center Parcel. However, and
assuming the Debtor's forecasts are reliable (which Romspen
disputes), the Debtor cannot generate sufficient revenue to pay
post-confirmation liabilities. Over the first five months after the
Petition Date, the Debtor forecast approximately $11,000 in monthly
net operating revenue without regard to taxes, insurance, or debt
service payments. The Debtor projects 2023 property taxes to be
more than $300,000 alone, and those tax payments are due in October
2023 and become late in February 2024.4 D Ex. 20; 5/19 T'script,
pp. 104-05. In addition, and even calculated on an overly
conservative basis of $50 million in principal and 5% interest5,
debt service payments to Romspen will require monthly payments of
interest alone of more than $200,000. The Debtor cannot meet its
payment obligations within the first month of the Plan, let alone
the first twelve months – rendering it not feasible.

In addition, Romspen asserts that the Plan does not treat Romspen
fairly and equitably:

    * The Debtor has insufficient operating revenue, and thus can
only make payments to Romspen if it sells parcels. And while
Romspen is permitted at the end of twelve months to foreclose on
the remaining parcels, Romspen's claim will have increased. Thus,
Romspen will not have received the "indubitable equivalent" of its
claim because it will have suffered an additional year without
payments alongside a worse debt to Property value ratio. As such,
these changes will lead to an objectively lower recovery.

    * The plan affords Romspen a right to "credit bid," ignoring
that the Romspen deed of trust encumbers all of the Property –
and offering no support or mechanism for Romspen to partially bid
credit for a partial component of its collateral.

    * Under the Plan, approximately 43 sections of the Loan
Documents will be modified, including approximately 22 that will be
deleted in their entirety and three that will be partially deleted.
These include, among other things: (i) deleting or modifying 11
affirmative covenants; (ii) modifying every negative covenant;
(iii) deleting or modifying 13 events of default; and (iv)
prohibiting Romspen from exercising remedies stemming from any
defaults except defaults under the Plan.

Romspen further points out that there is no impaired consenting
class.  The Plan proposes that Class 1 (Romspen) and Classes 2-8
(mechanic's lien claimants) are impaired. Yet the treatment of
claims in Classes 2-8 indicates no impairment – mechanic's lien
claims are subject to payment in order of priority upon the sale of
the real estate as otherwise permitted under state law –
rendering these classes deemed to accept.

Furthermore, according to Romspen, the Disclosure Statement omits
material information:

    * The Disclosure Statement does not include a forecast of
estimated recoveries for creditors. Instead, the Disclosure
Statement simply indicates that creditors may receive sale proceeds
if the Debtor is able to sell any of the Property. Given the
Debtor's almost complete inability to sell any of the Property to
date, a blanket promise of payment is nothing more than a visionary
scheme. Failing to explain how creditors will be paid deprives
creditors of fundamental information necessary to understand the
Plan or their treatment thereunder.

    * The Disclosure Statement omits any discussions of the
Debtor's historical operations other than mentioning the Debtor's
general plan to develop the Property and a brief summary of the
work performed to date. It does not, for example, disclose the
Debtor's historic inability to generate sufficient income from the
Property to meet all operating obligations. The Disclosure
Statement is therefore misleading because it does not sufficiently
address the Debtor's prior failures to operate, refinance, and
conduct sales. Operation of the Property has consistently failed to
generate adequate revenue to pay operating obligations, and the
Debtor's prior budgets only reflect positive net income because
they exclude, among other things, payment of insurance, taxes, and
debt service. The Disclosure Statement also fails to disclose that,
prior to filing for bankruptcy, the Debtor continuously failed to
refinance the Loan and was only able to sell a single outparcel.
Although Romspen has repeatedly brought these failures to light, a
Disclosure Statement must provide an accurate history for creditors
to adequately evaluate their options.

    * The Disclosure Statement undervalues the Debtor's
liabilities. For example, in its statement of liabilities, the
Disclosure Statement does not list taxes coming due, forthcoming
insurance payments, United States Trustee fees, or
post-Confirmation debt service payments. Disclosure Statement, s
II.B. These will each likely exceed hundreds of thousands of
dollars, and many are likely entitled to priority status for which
there will be insufficient funds to pay.

Romspen asserts that the Disclosure Statement fails to adequately
describe the Plan.  The Disclosure Statement describes Classes 2
through 8 as the impaired, pre-petition secured claims of certain
mechanics' lien claimants.  There is no modification to any of
these claims; they will simply receive proceeds from the sales of
the Property in order of their priority, to the extent that any
proceeds are available. The Disclosure Statement thus fails to
explain what impairment (if any) these creditors face under the
Plan.  The Disclosure Statement also does not describe the
treatment of those classes in the event that the Debtor fails to
pay Romspen in full.  The Disclosure Statement indicates that if
the Debtor has not paid Romspen in full by "maturity" (a virtually
certain outcome), then Romspen is authorized to enforce its deed of
trust and security interests with respect to any unsold collateral.
A Romspen foreclosure would extinguish mechanics' liens, rendering
them wholly unsecured and unpaid – resulting in a class deemed to
reject the plan.  The Disclosure Statement should explain this risk
to the mechanics' lien claimants.

Romspen points out that the Disclosure Statement fails to provide
information regarding funding the Plan:

    * The Disclosure Statement states without any explanation or
support that the occupancy rates and cash flow at the Shopping
Center Parcel will improve. Disclosure Statement, s III.C. Yet the
Debtor has not sought approval for the execution of any new leases
at the Property, and has adjusted downward its revenue projections.
Although the Debtor intends to pay its ordinary course expenses
from operations, its performance reports are deceivingly
optimistic: $11,000 in monthly net operating revenue excludes
taxes, insurance, or debt service payments to Romspen. The
Disclosure Statement does not give any indication how the Debtor
will cover such immense shortfalls.

    * Further, the Disclosure Statement makes several vague
references to potential full or partial refinancing of the Loan,
but the Disclosure Statement provides no information regarding any
refinancing. To the extent that the Debtor is genuinely considering
using refinancing to fund the Plan, the Disclosure Statement needs
to contain some information regarding this effort for creditors to
consider, rather than relying on vague allusions. Moreover, as of
the hearing conducted approximately two months ago, the Debtor's
principal admitted there was no refinancing effort underway. And
the Debtor had failed to refinance Romspen's debt after the
maturity date more than two years ago.

Romspen further points out that the disclosure statement's
liquidation analysis is insufficient:

    * Article IV of the Disclosure Statement is titled "LIQUIDATION
ANALYSIS." This section asserts that a hypothetical chapter 7
liquidation would result in additional costs and expenses, reducing
potential recoveries. The section then concludes that such a
liquidation would be unlikely to satisfy Romspen's claim, leading
to no recovery for junior creditors.

    * The "Liquidation Analysis" section, however, does not
actually state that junior creditors would receive a higher
recovery under the Plan than under a hypothetical chapter 7
liquidation. Instead, it alleges that proceeds would be reduced in
a hypothetical liquidation. This particular wording is, of course,
due to the fact that only Romspen will receive any proceeds under
the Plan or under a chapter 7 liquidation; this Court has already
determined that a twelve-month liquidation of the Property is
unreasonable and would require additional discounts, leaving
Romspen with its foreclosure rights and no recovery for other
creditors.

Romspen asserts that the nonconsensual changes to the loan
documents are misleading:

    * The Disclosure Statement indicates that, as part of the
Plan's treatment of Romspen, approximately 43 sections of the Loan
Documents will be modified, including approximately 22 that will be
deleted in their entirety and 3 that will be partially deleted. In
addition to Romspen's objection to these proposed modifications
that render the Plan unconfirmable, the Disclosure Statement's
description of these nonconsensual modifications is also materially
misleading.

    * The Disclosure Statement merely lists the many provisions
that the Debtor seeks to modify and indicates that they will be
deleted or vaguely explains how they will be modified. For example,
the Disclosure Statement states that "Section 3.8 [of the Loan
Agreement] is modified and shall have no prospective application
after the Effective Date." This does not describe what is being
modified within Section 3.8 of the Loan Agreement, leaving
creditors (including Romspen) to guess. As with a number of the
proposed modifications, the Debtor's description lacks the required
clarity.

Attorneys for TIG Romspen US Master Mortgage LP:

     R. Spencer Clift, Esq.
     Locke Houston Waldrop, Esq.
     BAKER, DONELSON, BEARMAN, CALDWELL, BERKOWITZ P.C.
     165 Madison Avenue, Suite 2000
     Memphis, TN 38103
     Telephone: (901) 526-2000
     Facsimile: (901) 577-4268
     E-mail: sclift@bakerdonelson.com
             lwaldrop@bakerdonelson.com

          - and -

     Kyle S. Hirsch, Esq.
     BRYAN CAVE LEIGHTON PAISNER LLP
     Two North Central Avenue, Suite 2100
     Phoenix, AZ 85004-4406
     Telephone: 602.364.7170
     E-mail: kyle.hirsch@bclplaw.com

          - and -

     Nicholas R. Marcus, Esq.
     161 North Clark Street, Suite 4300
     Chicago, IL 60601-3315
     Telephone: 312.602.5151
     E-mail: nick.marcus@bclplaw.com

                 About The Lake District LLC

The Lake District, LLC, is the developer of The Lake District, a
major mixed-use development in Lakeland, Tenn.

The Debtor sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Tenn. Case No. 23-21496) on March 24, 2023, with
$80,244,507 in assets and $47,247,115 in liabilities. Yehuda
Netanel, manager, signed the petition.

Judge Jennie D. Latta oversees the case.

Michael P. Coury, Esq., at Glankler Brown, PLLC, serves as the
Debtor's legal counsel.


LANNETT COMPANY: Taps Omni Agent Solutions as Administrative Agent
------------------------------------------------------------------
Lannett Company, Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the District of Delaware to employ Omni
Agent Solutions as administrative agent.

The firm will render these services:

     (a) assist with, among other things, solicitation, balloting
and tabulation of votes, and preparation of any related reports;

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

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

     (d) provide a confidential data room, if requested;

     (e) manage and coordinate any distributions pursuant to a
Chapter 11 plan; and

     (f) provide such other processing, solicitation, balloting,
and administrative services described in the Engagement Agreement.

The Debtors have agreed to pay Omni a retainer of $50,000.

The hourly rates of Omni's professionals are as follows:
     
     Analyst                               $40 - $75
     Consultants                          $75 - $195
     Senior Consultants                  $200 - $240
     Solicitation and Securities Services       $250
     Technology/Programming               $85 - $155

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

Paul Deutch, the executive vice president of Omni Agent Solutions,
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:

     Paul H. Deutch
     Omni Agent Solutions
     5955 De Soto Avenue, Suite 100
     Woodland Hills, CA 91367
     Telephone: (818) 906-8300

                        About Lannett Co. Inc.

Founded in 1942, Lannett Company, Inc. -- http://www.lannett.com/
-- develops, manufactures, packages, markets and distributes
generic pharmaceutical products for a wide range of medical
indications.

Lannett and its affiliates sought protection under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10559) on
May 3, 2023. Lannett disclosed total assets of $334,600,000 and
total debt of $708,940,000 as of March 31, 2023.

Judge J. Kate Stickles oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP, Kirkland & Ellis
International, LLP and Fox Rothschild, LLP as bankruptcy counsels;
FTI Consulting, Inc. as financial advisor; Guggenheim Securities,
Inc. as investment banker; Street Advisory Group as communications
advisor; and PricewaterhouseCoopers, LLP as tax restructuring
services provider. Omni Agent Solutions is the claims agent.

Secured creditors are being advised by Sullivan & Cromwell, LLP as
legal counsel and Houlihan Lokey, Inc. as financial advisor.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtors' Chapter
11 cases. The committee tapped Womble Bond Dickinson (US), LLP and
Kilpatrick Townsend & Stockton, LLP as legal counsels, and Dundon
Advisers, LLC as financial advisor.


LAURA'S ORIGINAL: Confirmation Hearing Continued to Sept. 11
------------------------------------------------------------
Judge Christopher B. Latham has entered an order that the hearing
on confirmation of the Laura's Original Boston Brownies, Inc.'s
Amended Chapter 11 Plan of Reorganization dated June 26, 2023
currently scheduled for August 14, 2023 is continued to September
11, 2023 at 2:00 p.m. in Department 5 of this Court.

The Court approved the Stipulation, which provides:

   1. The UST and Subchapter V Trustee's deadline to object to the
Confirmation Motion should be continued to August 11, 2023.

   2. Debtor's deadline to file any reply to any objection filed by
the UST or Subchapter V Trustee should be continued to August 18,
2023.

   3. The confirmation hearing currently scheduled for August 14,
2023 at 2:00 p.m. should be continued to August 28, 2023 at 2:00
p.m. or as soon after the August 18, 2023 reply deadline as the
Court may direct.

   4. All other deadlines set forth in the Scheduling Order
(including Debtor's deadline to file and serve the plan ballots, a
summary of balloting, and any supplemental briefing concerning
balloting) should remain unaffected.

Attorneys for the Debtor:

     Paul J. Leeds, Esq.
     Meredith King, Esq.
     FRANKLIN SOTO LEEDS LLP
     444 West C Street, Suite 300
     San Diego, CA 92101
     Tel: (619) 872-2520
     Fax: (619) 566-0221
     E-mail: pleeds@fsl.law
             mking@fsl.law

            About Laura's Original Boston Brownies

Laura's Original Boston Brownies, Inc. offers low sugar, high
fiber, and clean label products. The Debtor sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Calif. Case No.
23-00656) on March 13, 2023. In the petition signed by Laura
Katleman, chief executive officer, the Debtor disclosed $6,651,309
in assets and $6,498,970 in liabilities.

Judge Christopher B. Latham oversees the case.

Paul Leeds, Esq., and Meredith King, Esq., at Franklin Soto Leeds
LLP, is the Debtor's legal counsel.


LESLIE'S POOLMART: Moody's Cuts CFR & Sr. Secured Term Loan to B1
-----------------------------------------------------------------
Moody's Investors Service downgraded Leslie's Poolmart, Inc.'s
corporate family rating to B1 from Ba3 and probability of default
rating to B1-PD from Ba3-PD. At the same time, Leslie's senior
secured term loan was also downgraded to B1 from Ba3. The
speculative grade liquidity rating was downgraded to SGL-2 from
SGL-1. The outlook remains stable.

The downgrades reflect Leslie's weak operating performance as the
pool industry has been negatively impacted by weaker consumer
demand following a period of significant growth in the installed
base of pools during the coronavirus pandemic given the increased
focus on the home and sanitation.  Leslie's has experienced a
material contraction in demand for both discretionary and
non-discretionary products during its third quarter peak selling
season which accounts for approximately 70% of operating income
historically.  

The downgrade to an SGL-2 (good) from SGL-1(very good) reflects
that higher working capital usage and acquisition spending combined
with weaker operating performance has led to the significant
reduction in cash balances and negative free cash flow.  However,
Leslie's continues to have good liquidity as supported by a $50
million increase in March 2023 to its asset based revolving credit
facility size bringing the total commitment to $250 million (not
rated). Cash balances have declined from $193 million at July 2,
2022 to $19.4 million at July 1, 2023. Moody's expects that
Leslie's will return to free cash flow generation in fiscal 2024 as
it addresses its higher inventory levels which will lead to lower
revolver usage relative to fiscal 2023.

Leslie's CIS score was lowered to CIS-4 from CIS-3 as a result of
its governance score being lowered to G-4 from G-3. The change in
its governance score to G-4 from G-3 reflects its high governance
risk as its financial strategy and risk management prioritzed share
repurchases and acquisitions in recent years.

Downgrades:

Issuer: Leslie's Poolmart, Inc.

Corporate Family Rating, Downgraded to B1 from Ba3

Probability of Default Rating, Downgraded to B1-PD from Ba3-PD

Speculative Grade Liquidity Rating, Downgraded to SGL-2 from
SGL-1

Senior Secured Bank Credit Facility, Downgraded to B1 from Ba3

Outlook Actions:

Issuer: Leslie's Poolmart, Inc.

Outlook, Remains Stable

RATINGS RATIONALE

Leslie's Poolmart, Inc.'s B1 CFR reflects its solid positioning in
the pool and spa maintenance products space which serves
residential, professional and commercial consumers. Although the
company has benefitted from a large and growing installed base of
pools and the increased focus on the home and sanitation, demand
has normalized in 2023. Scarcity of chlorine related products
motivated many customers to buy more than neeeded in 2022. The
consumer stockplies of chlorine resulted in reduced demand in 2023
and has coincided with consumers trading down and curtailing
discretionary spending as well as with unfavorable weather
conditions.  Leslie's also sourced product earlier as supply chain
disruptions led to product shortages which has now led to excess
inventory given the lower demand. Leslie's was well positioned to
sourced chlorine products in 2022 when the industry experienced
shortages while prices increased significantly. Supply conditions
have now improved increasing consumer alternatives. Debt/EBITDA  is
expected to increase to 4.6x at the end of September 2023 from 3.0x
a year prior as margins are hurt from product mix and negative
operating leverage related to its comparable sales declines.
However, debt/EBITDA should improve to 4.4x in fiscal 2024 as
consumer spending stabilizes and costs are reduced. Interest
coverage also has weakened to approximately 2.2x LTM July 1, 2023
given its lower profitability and the variable interest debt
structure. Its limited absolute scale, narrow product focus and
geographic concentration are also added risks. Nonetheless,
continued pool installation growth and the need to maintain a pool
once built, supports a return to top line growth in future years.  


The stable outlook reflects Moody's expectation for good liquidity,
a suspension in share repurchases and profitability improvements as
consumer demand normalizes as well as a return to positive free
cash flow generation.

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

An upgrade is unlikely over the near-to-intermediate term given
Leslie's small scale and business volatility. Factors that could
lead to an upgrade include a maintaining sustained earnings growth,
conservative financial policies and maintenance of at least good
liquidity. Quantitatively, the ratings could be upgraded if
debt/EBITDA was sustained below 4.0x and EBIT/interest expense
sustained above 3.0x.

The ratings could be downgraded if revenue or earnings
deteriorated, if liquidity materially weakened or financial
policies that turned more aggressive, such as through shareholder
returns or debt-financed acquisitions, that led to sustainably
higher leverage. Quantitatively, the ratings could be downgraded if
debt/EBITDA is sustained above 5.0x or EBIT/interest expense
sustained below 2.0x.

Headquartered in Phoenix, AZ, Leslie's Poolmart, Inc. is a public
specialty pool supplies retailer that operated 1,009 stores and
commercial centers as of July 1, 2023. Leslie's is approximately
7.6% owned by the investment funds affiliated with L Catterton and
GIC who purchased the company in a leveraged buyout in February
2017. Net sales for the last twelve months ended July 1, 2023 are
approximately $1.5 billion.

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


LIFESCAN GLOBAL: Ares Capital Marks $13.2M Loan at 20% Off
----------------------------------------------------------
Ares Capital Corporation has marked its $13.2 million loan extended
to Lifescan Global Corporation to market at $10.6 million or 80% of
the outstanding amount, as of June 30, 2023, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Lifescan Global Corporation. The loan accrues interest at a rate
of 11.25% (SOFR (S) + 6%) per annum. The loan matures in December
2026.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended. Ares Capital has elected to be treated as a regulated
investment company under the Internal Revenue Code of 1986, as
amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Lifescan Global Corporation is a provider of blood glucose
monitoring systems for home and hospital use.  


LTL MANAGEMENT: Victims, J&J Agree to Speedy Bankr. Ruling Appeal
-----------------------------------------------------------------
Steven Church and Jonathan Randles of Bloomberg News report that
Johnson & Johnson and a committee of cancer victims have agreed to
speed up a court appeal of their fight regarding whether the
health-care giant can use bankruptcy to end as many as 100,000
talc-related claims.

The move could cut months off the appeals process.  The first time
the two sides fought about the issue, it took about a year and
resulted in the bankruptcy case being dismissed.

                      About LTL Management

LTL Management, LLC, is a subsidiary of Johnson & Johnson (J&J),
which was formed to manage and defend thousands of talc-related
claims and oversee the operations of Royalty A&M.  Royalty A&M owns
a portfolio of royalty revenue streams, including royalty revenue
streams based on third-party sales of LACTAID, MYLANTA/MYLICON and
ROGAINE products.

LTL Management filed a petition for Chapter 11 protection (Bankr.
W.D.N.C. Case No. 21-30589) on Oct. 14, 2021.  The case was
transferred to New Jersey (Bankr. D.N.J. Case No. 21-30589) on Nov.
16, 2021.  The Hon. Michael B. Kaplan is the case judge.  At the
time of the filing, the Debtor was estimated to have $1 billion to
$10 billion in both assets and liabilities.

The Debtor tapped Jones Day and Rayburn Cooper & Durham, P.A., as
bankruptcy counsel; King & Spalding, LLP and Shook, Hardy & Bacon
LLP as special counsel; McCarter & English, LLP as litigation
consultant; Bates White, LLC as financial consultant; and
AlixPartners, LLP as restructuring advisor.  Epiq Corporate
Restructuring, LLC, is the claims agent.

An official committee of talc claimants was formed in the Debtor's
Chapter 11 case on Nov. 9, 2021.  On Dec. 24, 2021, the U.S.
Trustee for Regions 3 and 9 reconstituted the talc claimants'
committee and appointed two separate committees: (i) the official
committee of talc claimants I, which represents ovarian cancer
claimants, and (ii) the official committee of talc claimants II,
which represents mesothelioma claimants.

The official committee of talc claimants I tapped Genova Burns LLC,
Brown Rudnick LLP, Otterbourg PC and Parkins Lee & Rubio LLP as its
legal counsel. Meanwhile, the official committee of talc claimants
II is represented by the law firms of Cooley LLP, Bailey Glasser
LLP, Waldrep Wall Babcock & Bailey PLLC, Massey & Gail LLP, and
Sherman Silverstein Kohl Rose & Podolsky P.A.

                  Re-Filing of Chapter 11 Petition

On Jan. 30, 2023, a panel of the Third Circuit issued an opinion
directing the Court to dismiss the 2021 Chapter 11 Case on the
basis that it was not filed in good faith.  Although the Third
Circuit panel recognized that the Debtor "inherited massive
liabilities" and faced "thousands" of future claims, it concluded
that the Debtor was not in financial distress before the filing.

On March 22, 2023, the Third Circuit entered an order denying the
Debtor's petition for rehearing.  The Third Circuit entered an
order denying LTL's stay motion on March 31, 2023, and, on the same
day, issued its mandate directing the Bankruptcy Court to dismiss
the 2021 Chapter 11 Case.

The Bankruptcy Court entered an order dismissing the 2021 Case on
April 4, 2023.

Johnson & Johnson on April 4, 2023, announced that its subsidiary
LTL Management LLC (LTL) has re-filed for voluntary Chapter 11
bankruptcy protection (Bankr. D.N.J. Case No. 23-12825) to obtain
approval of a reorganization plan that will equitably and
efficiently resolve all claims arising from cosmetic talc
litigation against the Company and its affiliates in North
America.

In the new filing, J&J said it has agreed to contribute up to a
present value of $8.9 billion, payable over 25 years, to resolve
all the current and future talc claims, which is an increase of
$6.9 billion over the $2 billion previously committed in connection
with LTL's initial bankruptcy filing in October 2021.  LTL also has
secured commitments from over 60,000 current claimants to support a
global resolution on these terms.


LUMEN TECHNOLOGIES: Taps Guggenheim, Wachtell Lipton for Advice
---------------------------------------------------------------
Reshmi Basu, Rachel Butt and Erin Hudson of Bloomberg News report
that Lumen Technologies Inc. is working with Guggenheim Securities
LLC and Wachtell Lipton Rosen & Katz as it prepares for potential
discussions with creditors, according to people familiar with the
situation, who asked not to be identified because the matter is
private.

The telecommunications company received a letter on July 25, 2023
from a group of creditors who requested a meeting to discuss the
company's debt maturities along with "what the letter referred to
as an apparent event of default" by Level 3 Communications, a Lumen
subsidiary, the company said in a Tuesday, August 1, 2023,
regulatory filing.

                     About Lumen Technologies

Lumen Technologies, Inc., headquartered in Monroe, Louisiana, is an
integrated communications company that provides an array of
communications services to large enterprise, mid-market enterprise,
government and wholesale customers in its larger Business segment.
The company's smaller Mass Markets segment primarily provides
broadband services to its residential and small business customer
base.


MAILSOUTH INC: Ares Capital Marks $8.7M Loan at 80% Off
-------------------------------------------------------
Ares Capital Corporation has marked its $8.7 million loan extended
to MailSouth, Inc. to market at $1.7 million or 20% of the
outstanding amount, as of June 30, 2023, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to MailSouth, Inc. The loan matures in April 2024.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

MailSouth, Inc. is a provider of shared mail marketing
services. 



MEDIAMATH HOLDINGS: Court Approves Stock Transfer Procedures
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved
procedures and restriction on certain transfers of, or
worthlessness deductions with respect to, stock of MediaMath
Holdings Inc. and its debtor-affiliates.

In certain circumstances, the stock procedures restrict
transactions involving, and require notices of the holdings of and
proposed transactions by, any person or group of persons that is
or, as a result of such transaction would become a substantial
stockholder of the common stock issued by MediaMath Holdings Inc.
or MediaMath Inc., or the purposes of the stock procedures, a
"substantial stockholders" is any person or, in certain cases,
group of persons that beneficially own, directly or indirectly at
least 1,747,713.56 shares of company stock (representing
approximately 4.5% of all issued and outstanding shares of company
stock.  Any prohibited transfer of the stock of the Debtors will be
sanctions being imposed by the Bankruptcy Court.

The stock procedures and the worthless stock deduction procedures
are available on the website of Epiq Corporate Restructuring LLC at
https://dm.epiq11.com/MediaMath, and on the docket of the Chapter
11 cases, which can be accessed via PACER at
https://www.pacer.gov.

                     About MediaMath Holdings

MediaMath Holdings, Inc., develops and delivers digital advertising
media and data management technology solutions to advertisers. The
company is based in New York.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 23-10882) on June 30,
2023.  In the petition signed by Neil Nguyen, chief executive
officer, the Debtor disclosed up to $500 million in both assets and
liabilities.  As of the petition date, the Debtor had about $95
million of first lien funded debt.

Judge Laurie Selber Silverstein oversees the case.

The Debtor tapped Young Conaway Stargatt & Taylor, LLP as legal
counsel; FTI Consulting, Inc. as financial advisor; and Epiq
Corporate Restructuring, LLC as claims and noticing agent and
administrative advisor.


MEGNA BELL: John-Patrick Fritz Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 16 appointed John-Patrick Fritz as
Subchapter V trustee for Megna Bell Gardens Office Complex, Inc.

Mr. Fritz will be paid an hourly fee of $650 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred. The compensation for his trustee administrators
(Jason Klassi, Linda Riess and Connie Ray) is $295 per hour.

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

The Subchapter V trustee can be reached at:

     John-Patrick M. Fritz
     2818 La Cienega Avenue
     Los Angeles, CA 90034

                     About Megna Bell Gardens

Megna Bell Gardens Office Complex, Inc. filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. C.D. Calif.
Case No. 23-11039) on July 25, 2023, with $500,001 to $1 million in
both assets and liabilities.

Judge Martin R. Barash oversees the case.

Mark T. Young, Esq., at Donahoe Young & Williams, LLP is the
Debtor's legal counsel.


MERCY HOSPITAL: Case Summary & 30 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: Mercy Hospital, Iowa City, Iowa
             500 E. Market Street
             Iowa City, IA 52245

Business Description: Mercy Hospital is a Catholic-based Iowa
                      nonprofit corporation and a tax-exempt
                      organization described in Section 501(c)(3)
                      of the Internal Revenue Code of 1986 (as
                      amended) that operates an acute care
                      community hospital and clinics located in
                      Iowa City, Iowa and surrounding communities.

Chapter 11 Petition Date: August 7, 2023

Court: United States Bankruptcy Court
       Northern District of Iowa

Three affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                              Case No.
    ------                                              --------
    Mercy Hospital, Iowa City, Iowa  (Lead Debtor)      23-00623
    Mercy Iowa City ACO, LLC                            23-00622
    Mercy Services Iowa City, Inc.                      23-00624

Judge: Hon. Thad J. Collins

Debtors'
Bankruptcy
Co-Counsel:       Roy Leaf, Esq.
                  NYEMASTER GOODE, P.C
                  625 First Street SE, Suite 400
                  Cedar Rapids, IA 52401-2030
                  Tel: (319) 286-7002
                  Fax: (319) 286-7050
                  Email: rleaf@nyemaster.com

                     - and -

                  Felicia Gerber Perlman, Esq.
                  Daniel M. Simon, Esq.
                  Emily C. Keil, Esq.
                  MCDERMOTT WILL & EMERY LLP
                  444 West Lake Street, Suite 4000
                  Chicago, IL 60606
                  Tel: (312) 372-2000
                  Fax: (312) 984-7700
                  Email: fperlman@mwe.com
                         dsimon@mwe.com
                         ekeil@mwe.com

                    - and -

                  Jack G. Haake, Esq.
                  2501 North Harwood Street, Suite 1900
                  Dallas, TX 75201
                  Tel: (214) 295-8000
                  Fax: (972) 232-3098
                  Email: jhaake@mwe.com

Debtors'
Provider of
Interim
Management
Services:         TONEYKORF PARTNERS, LLC

Debtors'
Investment
Banker:           H2C SECURITIES INC.

Debtors'
Notice &
Claims
Agent:            EPIQ CORPORATE RESTRUCTURING, LLC

Estimated Assets
(on a consolidated basis): $100 million to $500 million

Estimated Liabilities
(on a consolidated basis): $100 million to $500 million

The petitions were signed by Mark E. Toney as chief restructuring
officer.

Full-text copies of the petitions are available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/4CBE7ZI/Mercy_Hospital_Iowa_City_Iowa__ianbke-23-00623__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/AKEOQ3Q/Mercy_Services_Iowa_City_Inc__ianbke-23-00624__0001.0.pdf?mcid=tGE4TAMA

https://www.pacermonitor.com/view/7ULPPNA/Mercy_Iowa_City_ACO_LLC__ianbke-23-00622__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. Allscripts Healthcare, LLC           Trade           $8,577,403
305 Church at North Hills St
Raleigh, NC, 27609-266
Name: Douglas Gentile, Chief Medical Officer
Phone: 919-847-8102
Email: d.gentile@allscripts.com

2. Medefis, Consolidated             Professional       $5,505,029
2121 N. 117th Ave.                     Services
Ste. 200
Omaha, NE 68164
Name: Shawn Osbahr, Division Director
Email: shawno@medefis.com
Phone: 402-651-6568

Name: Eric Christenson
Email: ericc@medefis.com

3. Medirevv, Inc.                        Trade          $1,031,038
2600 University Pkwy
Coralville, IA 52241
Name: Lincoln Popp, Chief Executive Officer,
Acclara
Phone: 888-665-6310
Email: contactus@medirevv.com;
       contact@acclara.com

4. J&K PMS, Inc.                         Trade            $846,616
6737 Brentwood Stair Rd
Ste 200
Fort Worth, TX 76112
Name: Warren Katz, President
Phone: 817-451-0015
Email: kmitchek@p-m-s.com;wkatz@p-m-s.com

5. Medical Record Associates LLC         Trade            $598,921
103 Central St.
Suite A
Wellesley, MA 02482
Name: Charlie Saponaro, Chief Executive
Officer
Phone: 617-698-4411
Email: csaponaro@mrahis.com

Name: Christy Matheson
Email: cmatheson@mrhais.com

6. DePuy Synthes Joint Recon Inc.         Trade           $468,857
1302 Wrights Lane East
West Chester, PA 19380
Name: Stephen White, President
Phone: 800-227-6633
Email: DePuySpine@dpyus.jnj.com;
       info@dpyus.jnj.com

7. Owens and Minor, Inc.                  Trade           $403,560
9120 Lockwood Blvd
Mechanicsville, VA, 23116-2015
Name: Edward A. Pesicka, President and Chief
Executive Officer
Email: GM-privacy@owens-minor.com.
Phone: 804-723-7000

8. Wright Medical Technology Inc.         Trade           $299,580
1023 Cherry Rd.
Memphis TN 38117
Name: Robert Palmisano President CEO
Phone: 901-867-9971
Email: uscustomerservice@wright.com

9. Iowa Heart Center                   Professional       $268,250
5880 University Avenue                   Services
West Des Moines, IA 50266
Name: Rob Gavora, Division Vice President &
Chief Administrative Officer
Phone: 515-633-3600

10. Smith and Nephew, Inc.                Trade           $235,260
7135 Goodlett Farms Parkway
Name: Adriana Davies, Vice President
Email: Adriana.Davies@smith-nephew.com
Phone: 901-396-2121
Email: secretary@smith-nephew.com

11. Zimmer US, Inc.                       Trade           $226,863
345 E. Main St.
Warsaw, IN 46580
Name: Sean O'Hara
Email: sean.ohara@zimmerbiomet.com;
taylor.mccarthy@zimmerbiomet.com
Phone: 800-348-9500 / 574-267-6131
Email: legal.americas@zimmerbiomet.com

12. Barton Associates Inc.             Professional       $181,819
300 Jubilee Drive                       Services
Peabody, MA 01960
Phone: 855-955-5339

13. Quest Diagnostics                     Trade           $186,448
500 Plaza Dr Ste G
Secaucus, NJ 07094-3656
Name: James E. Davis, Chief Executive Officer,
President and Chairman
Phone: 866-697-8378 / 805-443-7472

14. Intuitive Surgical, Inc.              Trade           $179,627
950 Kifer Rd.
Sunnyvale, CA 94086
Name: Gary S. Guthart, Ph.D Chief
Executive Officer
Email: investor.relations@intusurg.com
Phone: 800-876-1310

15. Revology                              Trade           $134,294
201 E. Washington St.
Unit 1302
Iowa City, IA 52245
Name: Dan Krzmarzick
Email: dan.krzmarzick@revologyhealth.com

16. Iowa Hospital Association             Trade           $101,706
100 E. Grand Ave.
Ste 100
Des Moines, IA 50309
Name: Chris Mitchell, Chief Executive
Officer Randall RubinCFO
Phone: 515-288-1955
Email: rrubin@mercydesmoines.org

17. Medico-Mart Inc.                      Trade            $94,209

2323 Corporate Dr.
Waukesha, WI 53189
Name: Gerald Walsh, President, Teddy
Walsh, Controller
Phone: 262-446-2323
Email: twalsh@medicomart.com

18. Johnson & Johnson                     Trade            $94,169
Health Care Systems Inc.
4500 Riverside Drive
Palm Beach Gardens, FL 33410
Name: Joaquin Duato, Chief Executive Officer;
Evan Berez, Director
Phone: 732-562-3000
Email: bpatel6@its.jnj.com;eberez1@its.jnj.com

19. Olympus America, Inc.                 Trade            $92,653
3500 Corporate Parkway
PO Box 610
Center Valley, PA 18034
Name: Stefan Kaufmann, Chief Executive
Officer
Email: jennifer.bannan@olympus.com
Phone: 484-896-5000; 419-733-7075

Name : Jeremy Pitz
Email: jeremy.pitz@olympus.com

20. Progressive Rehabilitation         Professional        $77,797
1130 Scott Blvd                          Services
Suite 1
Iowa City, IA 52240
Name: Colleen Benhart

21. Huntington Technology Finance          Lease           $75,728
2285 Franklin Rd.
Bloomfield Hills, MI 48302
Name : Mary Hurt
Email :mary.hurt@huntington.com
Phone : 216-870-2994

22. MidAmerican Energy Services, LLC     Utilities         $75,504
666 Grande Avenue
Des Moines, IA 50309

23. Gallagher Benefit Services, Inc.      Benefits         $71,253
2850 Golf Road
Rolling Meadows, IL 60008
Name: Jackie Morrow
Phone: 734-972-257
Email: Jackie_morrow@ajg.com

24. IdeaCom                               Trade            $69,871
30 W. Water St.
St. Paul, MN 55107
Name: John Anderson-President
Phone: 800-433-6208;651-292-0102
Email: canderson@idea-ma.com

25. Medtronic USA                         Trade            $65,061
8200 Coral Sea Street NE
Mounds View, MN 55112
Name: Kimberly Calderon, CEO
Email: eridania.esther.calderon@medtronic.com
Phone:800-677-3394 / 763-514-4000

Name: Michael B. Keeley
Email: michael.b.keeley@medtronic.com

26. AAA Mechanical Contractors, Inc.      Trade            $62,514
2755 Stoner Court
North Liberty, IA52317
Name: Jay Hall
Phone: 319-351-1843

27. Biomerieux Inc.                       Trade            $62,090
One Boston Place, 201 Washington St.
Suite 4030
Boston, MA 02108
Name: Check Mate, CEO; Brian Armstrong
Email: contact.nordic@biomerieux.com
Phone: 919-620-2000;800-634-765
Email: us.servicecontracts@biomerieux.com

28. Healogics Wound Care &                Trade            $59,633
Hyperbaric Services, LLC
5220 Belfort Rd.
#130
Jacksonville, FL 32256
Name: Frank Williams, Chief Executive Officer
Email: franks.william@healogics.com;
       keith.koford@healogics.com
Phone: 800-379-9774
Name: Julie Adam, RN
Email: Julie.Adam@healogics.com

29. Hayes Locums                        Professional       $59,562
6700 N. Andrews Ave.                      Services
Suite 600
Fort Lauderdale, FL 33309
Name: John Hayes, Chief Executive Officer
Email: AccountingInquiries@hayeslocums.com;
QA@hayeslocums.com
Phone: 888-837-3172

30. BlueSky                                Trade           $52,390
5600 S. Quebec St.
Greenwood Village, CO 80111
Name: Tim Teague, CEO and President
Phone: 615-349-1985
Email: tteague@blueskymss.com


MINSHEW BROTHERS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Minshew Brothers Steel Construction, Inc.
        12578 Vigilante Road
        Lakeside, CA 92040

Case No.: 23-02343

Business Description: The Debtor is a steel construction company
                      in California.

Chapter 11 Petition Date: August 8, 2023

Court: United States Bankruptcy Court
       Southern District of California

Debtor's Counsel: Michael Jay Berger, Esq.
                  LAW OFFICES OF MICHAEL JAY BERGER
                  9454 Wilshire Boulevard, 6th Floor
                  Beverly Hills, CA 90212
                  Tel: (310) 271-6223
                  Email: michael.berger@bankruptcypower.com

Total Assets: $2,338,022

Total Liabilities: $7,335,511

The petition was signed by Brian Johnson as chief financial
officer.

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

https://www.pacermonitor.com/view/7F4EDTI/Minshew_Brothers_Steel_Construction__casbke-23-02343__0001.0.pdf?mcid=tGE4TAMA


MISEN INC: Fine-Tunes Plan Documents
------------------------------------
Misen Inc. submitted a First Amended Plan of Reorganization for
Small Business dated August 1, 2023.

Under this Plan of Reorganization, the Debtor is borrowing up to
$4,000,000 in debtor-in possession financing funded by a subset of
current investors in the Debtor, including those holding
convertible notes (the "Convertible Noteholders") and certain
holders of equity and certain third parties (collectively, the "DIP
Lender").

The DIP Loan and the Plan together represent Misen's last and best
hope to survive as a going concern, pay all secured and priority
claims in full, and provide a meaningful dividend to general
unsecured creditors.  The alternative is a forced liquidation under
chapter 7 of the Bankruptcy Code, likely resulting in only partial
payment to Misen's senior secured creditor and no meaningful
payment at all to unsecured creditors. Efforts dating back over a
year to raise money from investors, borrow money from various
lenders, achieve out-of-court consensual settlements with
creditors, or some combination of all of those initiatives, have
not succeeded.  Misen believes the Plan represents the only viable
path forward under the circumstances.

On the date the Plan becomes effective, the first $1,000,000 of the
outstanding balance of the DIP Loan will remain as debt on the
balance sheet of the reorganized Debtor.  The equity of the
reorganized debtor will originate from two sources: first, the
remaining up to $3,000,000 in DIP Loan liabilities will convert to
a 47.7% equity interest in the reorganized Debtor, and second, the
remaining 52.3% equity interest in the reorganized debtor will be
as a result of prepetition claims and interests of a combination of
legacy creditors and equity holders.

Specifically, the Convertible Noteholders participating in funding
the DIP Loan (the "Participating Convertible Noteholders"), as a
result of being creditors, will convert the pre-petition debt owing
to them into equity in the reorganized Debtor amounting to 10.1% of
total equity.  Further, the investors in the DIP Loan, as a result
of being shareholders, will convert a subset of pre petition equity
interests into equity in the reorganized Debtor amounting to 42.2%
of total equity (the "Pull Through").

The Plan Proponent's financial projections show that the Debtor
will not have projected disposable income for the period described
in Section 1191(c)(2) of the Bankruptcy Code and is instead
projected to lose $317,920.39 during that time, but the Debtor will
have availability under the Exit Facility to fund the Pot on the
Effective Date in order to create a recovery where there would
otherwise be none.

This Plan under chapter 11 of the Bankruptcy Code proposes to pay
creditors of Misen Inc. from the DIP Loan.

Holders of secured claims will receive payment in full from the DIP
Loan before the Effective Date of the Plan. Non-priority unsecured
creditors holding allowed claims will receive distributions, which
the proponent of this Plan has valued at approximately 5 cents on
the dollar. This Plan also provides for the payment of
administrative and priority claims.

Class 2(a) consists of the Secured Claim of Merchant Financial
Group. Class 2(a) is unimpaired by this Plan. It is anticipated
that Misen's senior secured lender Merchant Financial Group ("MFG")
will be paid in full pursuant to a Court order during the course of
this bankruptcy case. To the extent MFG's claim is not paid during
the course of this bankruptcy case, it will be paid in full upon
the Effective Date of the Plan. The amount of claim in this Class
total $1,677,075.

Class 2(b) consists of the Secured Claim of Saddle Creek Logistics.
Class 2(b) is unimpaired by this Plan.  It is anticipated that
Misen's warehouse services provider Saddle Creek Logistics which is
purported to be secured by a warehouse lien against the Debtor's
inventory stored at its facilities will be paid in full pursuant to
a Court order during the course of this bankruptcy case. To the
extent Saddle Creek's claim is not paid during the course of this
bankruptcy case, it will be paid in full upon the Effective Date of
the Plan. The amount of claim in this Class total $348,811.78.

Class 3(a) consists of NonPriority Unsecured Convertible Noteholder
Creditors. Class 3(a) is impaired by this Plan. Each holder of an
allowed Class 3(a) Non-Priority Unsecured Convertible Noteholder
Claim has already elected, via its decision whether to participate
in the DIP Loan, to receive either of the two treatments as
follows:

     * Each Non-Participating Convertible Noteholder will receive
payment of its pro rata share of the Pot on account its Class 3(a)
Non-Priority Unsecured Convertible Noteholder Claim on or as soon
as practicable after the Effective Date; or

     * As the result of an arms-length pre-petition negotiation
with the Participating Convertible Noteholders, each Participating
Convertible Noteholder has elected to convert its Class 3(a) Non
Priority Unsecured Convertible Noteholder Claim into shares of
preferred equity in the reorganized Debtor which represents 10.1%
of the issued and outstanding capital stock of the reorganized
Debtor.

Class 3(b) consists of Non-Priority General Unsecured Creditors.
Class 3(b) is impaired by this Plan, and each holder of an allowed
Class 3(b) Non-Priority General Unsecured Claim will receive a pro
rata share of the Pot on account of its allowed Class 3(b)
Non-Priority General Unsecured Claim to be paid on or as soon as
practicable after the Effective Date.

Class 4 consists of Equity Interests and Stock Options. Class 4 is
impaired by this Plan. On the Effective Date of the Plan, all
shares of equity in the Debtor or unexercised and unexpired stock
options in the Debtor, other than those shares subject to the Pull
Through, will be cancelled. Holders of allowed Class 4 Equity
Interests and Stock Options are impaired and deemed to reject the
Plan.

Funding for the Plan will be provided by a combination of the DIP
Loan and continued sales revenue.  The DIP Loan will be secured by
all personal property and assets of the Debtor.

The DIP Lender has agreed to (1) provide postpetition financing in
the amount of up to $4,000,000 under sections 361, 362, 364(c)(2),
364(c)(3), and 364(d) of the Bankruptcy Code in DIP Loan funds; and
(2) permit use of the DIP Lender's cash collateral through
confirmation of the Debtor's Plan, upon certain terms and
conditions, including the provision of adequate protection under
section 361 of the Bankruptcy Code subject to final Court
approval.

A full-text copy of the First Amended Plan dated August 1, 2023 is
available at https://urlcurt.com/u?l=euL3aK from PacerMonitor.com
at no charge.

Debtor's Counsel:

       Ori Katz, Esq.
       SHEPPARD MULLIN RICHTER & HAMPTON LLP
       Four Embarcadero Center, 17th Floor
       San Francisco CA 94111
       Tel: (415) 774-9100
       E-mail: okatz@sheppardmullin.com

                        About Misen Inc.

Misen Inc., which manufactures and sells cookware, sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
N.D. Cal. Case No. 23-50767) on July 17, 2023.  In the petition
signed by Matthew J. Luckett, authorized officer, the Debtor
disclosed $6,208,000 in assets and $10,855,000 in liabilities.  Ori
Katz, Esq., at Sheppard Mullin Richter and Hampton LLP, is the
Debtor's legal counsel.


MOBIQUITY TECHNOLOGIES: Effects 1-for-15 Reverse Stock Split
------------------------------------------------------------
Mobiquity Technologies, Inc. announced the implementation of a
1-for-15 reverse stock split of its common stock.

The reverse split is designed to maintain the Company's compliance
with the minimum bid price requirement for listing its common stock
on The Nasdaq Capital Market.  The Company filed an Amendment to
its Certificate of Incorporation to effectuate the reverse split
with the New York Secretary of State on Aug. 2, 2023.  Mobiquity
Technology's common stock began trading on Nasdaq on a
split-adjusted basis on Aug. 7, 2023, under the same "MOBQ" symbol.
The new CUSIP number for the common stock following the reverse
split is 60743F607.

As previously disclosed on June 1, 2023, the Company received a
delist letter from Nasdaq, stating non-compliance with the minimum
$2,500,000 stockholders' equity requirement for continued listing,
as specified in Nasdaq Listing Rule 5550(b).  In response, the
Company promptly requested a hearing with Nasdaq to present its
plan to regain compliance.

Prior to the Nasdaq Hearing held on July 27, 2023, Mobiquity
Technologies filed its second quarter Quarterly Report on Form
10-Q, demonstrating compliance with Listing Rule 5550(b) by
exhibiting stockholders' equity exceeding the required $2,500,000.
On July 31, 2023, the Company received a decision letter from the
Nasdaq Hearings Panel, granting the requested extension through
Nov. 14, 2023, to demonstrate long-term compliance with
stockholders' equity requirements.

In response to this positive development, Mobiquity's CEO, Dean
Julia, expressed gratitude to the Nasdaq Hearings Panel for
providing the Company with the opportunity to present their
long-term compliance plan and for granting the requested extension.
Julia stated, "We are also happy to let our shareholders know that
we will continue to trade on the Nasdaq Stock Market while we
execute our plan.  The Company remains committed to delivering
value to our shareholders and maintaining our position as a
superior provider of data intelligence and advertising technology
solutions."

                    About Mobiquity Technologies Inc.

Headquartered in Shoreham, NY, Mobiquity Technologies, Inc.,
together with its operating subsidiaries, is a next generation
location data intelligence company.  The Company provides precise
unique, at-scale location data and insights on consumer's
real-world behavior and trends for use in marketing and research.

Mobiquity reported a net loss of $8.06 million in 2022, compared to
a net loss of $18.33 million in 2021.  As of Dec. 31, 2022, the
Company had $2.63 million in total assets, $2.65 million in total
liabilities, and a total stockholders' deficit of $10,830.

Palm Beach Gardens, FL-based D. Brooks & Associates, the Company's
auditor since 2022, issued a "going concern" qualification in its
report dated March 31, 2023, citing that the Company has incurred
operating losses, has incurred negative cash flows from operations
and has an accumulated deficit.  These and other factors raise
substantial doubt about the Company's ability to continue as a
going concern.


NIKOFAM INC: Unsecured Creditors to Recover 100% over 5 Years
-------------------------------------------------------------
Nikofam, Inc., filed with the U.S. Bankruptcy Court for the
District of Massachusetts a Subchapter V Plan of Reorganization
dated August 1, 2023.

Since 1993, the Debtor has owned and operated a pizzeria known as
Athens Pizza. Since 2005 the restaurant has operated out of its
leased storefront in East Weymouth, Massachusetts. The Debtor is
owned and operated by Kiriaki Nikolaidou.

Beginning in June 2022, in part because of the onset of Covid, the
Debtor began to fall behind on its obligations to the Massachusetts
Department of Revenue (the "MDOR") for meals taxes. According to
its Proof of Claim filed in this case, the MDOR was owed
$210,296.19 as of the Petition Date. Prior to the Tax Seizure, the
MDOR also seized funds from the Debtor's operating account on at
least two occasions. The MDOR's enforcement actions precipitated
this Chapter 11 case.

While the Debtor operates a popular and successful restaurant, it
fell behind with the MDOR in part because it lacked professional
management to help control expenses and run within budget. Just
prior to the Petition Date, the Debtor has recently retained a new
manager with substantial experience in operating successful
restaurants. The postpetition operating reports demonstrate that
the Debtor has already returned to profitability, and will be able
to repay the MDOR and its other creditors in full under this Plan.

Under the Plan, all creditors will be paid in full over a period of
five years. The Debtor's ability to make these payments, by
committing its projected net disposable income over the course of
the Plan, is set forth in the budget.

The Plan contemplates that the Debtor will stay in business and
return to positive cash flow. Under the Plan: (i) Allowed Secured
Claims are paid in full based on the value of the security; (ii)
Allowed Administrative and Priority Claims are paid in full; and
(ii) the Debtor's projected disposable income is submitted to the
payment in full of Allowed General Unsecured Claims over a 60-month
period from the Effective Date of the Plan.

Class 4 is comprised of all holders of Allowed General Unsecured
Claims against the Debtor. Based upon the Proofs of Claim that have
been filed and the Debtor's Schedules, the Debtor estimates that
there will be approximately $124,000.00 in Allowed Class 4 Claims.


In full and complete settlement, satisfaction and release of all
Allowed Class 4 Claims, each holder of an Allowed Class 4 Claim
shall receive a total distribution equal to 100% of its Allowed
Claim, to be paid in quarterly installments over five years from
the Effective Date. This amount is based on its pro rata share of
the Debtor's net disposable income to be received over the
five-year period following the Effective Date as set forth in the
Budget. Class 4 is impaired.

Kiriaki Nikolaidou, who is the sole equity interest holder of the
Debtor, shall receive no distribution under the Plan on account of
such interests, but will retain unaltered, the legal, equitable and
contractual rights to which such interests were entitled as of the
Petition Date.

The Plan will be funded from the Debtor's future earnings and
income. Upon the Effective Date, the Debtor is authorized to take
all action permitted by law, including, without limitation, to use
its cash and other assets for all purposes provided for in the Plan
and in its business operations, and to borrow funds and to transfer
funds for any legitimate purpose.

A full-text copy of the Subchapter V Plan dated August 1, 2023 is
available at https://urlcurt.com/u?l=L57P6Z from PacerMonitor.com
at no charge.

Counsel for Debtor:

     David B. Madoff, Esq.
     Madoff & Khoury, LLP
     124 Washington Street, Suite 202
     Foxborough, MA 02035
     Telephone: (508) 543-0040
     Facsimile: (508) 543-0020
     Email: madoff@mandkllp.com

                      About Nikofam, Inc.

Nikofam, Inc., owns and operates the Athens Pizza pizzeria.  Since
2005 the Restaurant has operated out of its leased storefront in
East Weymouth, Massachusetts.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Mass. Case No. 23-10719) on May 5, 2023.
In the petition signed by Kiriaki Nikolaidis, president, the
Debtor disclosed up to $500,000 in both assets and liabilities.

Judge Janet E. Bostwick oversees the case.

David B. Madoff, Esq., at Madoff & Khoury LLP, represents the
Debtor.


NOVAN INC: Seeks to Hire Morris Nichols Arsht & Tunnell as Counsel
------------------------------------------------------------------
Novan, Inc. and EPI Health, LLC seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Morris,
Nichols, Arsht & Tunnell LLP as bankruptcy counsel.

The firm will render these services:

     (a) perform all necessary services as the Debtors' bankruptcy
counsel;

     (b) take all necessary actions to protect and preserve the
Debtors' estates during these Chapter 11 cases;

     (c) prepare or coordinate preparation on behalf of the Debtors
necessary legal papers in connection with the administration of
these Chapter 11 cases;

     (d) counsel the Debtors with regard to their rights and
obligations as debtors in possession;

     (e) coordinate with the Debtors' other professionals in
representing the Debtors in connection with these Chapter 11 cases;
and

     (f) perform all other necessary legal services.

Morris Nichols currently holds a balance of $101,604.76 as an
advance payment for services to be rendered and expenses to be
incurred in connection with its representation of the Debtors.

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

     Partners                     $825 – $1,595
     Associates and Special Counsel $505 – $915
     Paraprofessionals              $375 – $395
     Case Clerks                           $195

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

Derek Abbott, Esq., a partner at Morris, Nichols, Arsht & Tunnell,
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:

     Derek C. Abbott, Esq.
     Daniel B. Butz, Esq.
     Tamara K. Mann, Esq.
     Scott D. Jones, Esq.
     Morris, Nichols, Arsht & Tunnell LLP
     1201 Market Street, 16th Floor
     Wilmington, DE 19801
     Telephone: (302) 658-9200
     Facsimile: (302) 658-3989
     Email: dabbott@morrisnichols.com
            dbutz@morrisnichols.com
            tmann@morrisnichols.com
            sjones@morrisnichols.com

                         About Novan Inc.

Based in Durham, North Carolina, Novan Inc. (Nasdaq: NOVN) is a
clinical development-stage biotechnology company focused on
leveraging nitric oxide's naturally occurring anti-viral,
anti-bacterial, anti-fungal and immunomodulatory mechanisms of
action to treat a range of diseases with significant unmet needs.
Nitric oxide plays a vital role in the natural immune system
response against microbial pathogens and is a critical regulator of
inflammation.

Novan Inc. and affiliate, EPI Health, LLC, sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10937) on July 17, 2023. As of March 31, 2023, Novan
disclosed $79,793,000 in assets against $7,922,000 in liabilities.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Morris, Nichols, Arsht & Tunnell, LLP as legal
counsel; Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP
as special counsel Sierra Constellation Partners, LLC as financial
advisor; and Raymond James and Associates as investment banker.
Kurtzman Carson Consultants, LLC is the claims agent.


NOVAN INC: Taps Raymond James & Associates as Investment Banker
---------------------------------------------------------------
Novan, Inc. and EPI Health, LLC seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Raymond
James & Associates, Inc. as investment banker.

The firm will render these services:

     (a) review and analyze the Debtors' business, operations,
properties, financial condition, and interested parties on a
stand-alone and consolidated basis;

     (b) evaluate the Debtors' debt capacity;

     (c) evaluate potential transaction alternatives and
strategies;

     (d) prepare documentation within Raymond James's area of
expertise that is required in connection with a transaction;

     (e) identify interested parties regarding one or more
particular transactions;

     (f) contact interested parties on behalf of the Debtors and
with prior written consent by the Debtors;

     (g) advise the Debtors as to potential business combination
transactions;

     (h) advise the Debtors on tactics and strategies for
negotiating with holders of their debt or other claims;

     (i) advise the Debtors on the timing, nature, and terms of any
new securities, other considerations, or other inducements to be
offered to their stakeholders in connection with any restructuring
transaction; and

     (j) participate in the Debtors' board of directors meetings as
determined by the Debtors to be appropriate, and, upon request,
provide periodic status reports and advice to the board with
respect to matters falling within the scope of Raymond James's
retention.

Raymond James will be compensated as follows:

    (a) A monthly advisory fee of $75,000.

    (b) A nonrefundable cash transaction fee equal to the greater
of (A) $750,000 and plus (B) the sum of (i) three percent (3.0%) of
the Proceeds of any first lien senior secured notes, bank debt,
second lien debt, junior debt, convertible debt, or other linked
securities raised, plus (ii) six percent of equity or equity-linked
securities raised.

    (c) A restructuring transaction fee of $1,500,000.

    (d) Business Combination Transaction Fee shall be the greater
of (A) $1,375,000 and (B) the sum of (i) three percent (3.0%) of
Transaction Value up to $40,000,000, four percent (4.0%) of
Transaction Value between $40,000,000 and $50,000,000, and (iii)
five percent (5.0%) of Transaction Value above $50,000,000.

    (e) Raymond James will be paid a customary advisory fee for
transactions of similar size and nature.

    (f) A break-up amount of a cash fee equal to 35 percent of all
such amounts promptly upon receipt by the Debtors or their
securityholders.

Geoffrey Richards, a senior managing director at Raymond James &
Associates, 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:

     Geoffrey Richards
     Raymond James & Associates, Inc.
     880 Carillon Parkway
     St. Petersburg, FL 33716
     Telephone: (727) 567-1000

                         About Novan Inc.

Based in Durham, North Carolina, Novan Inc. (Nasdaq: NOVN) is a
clinical development-stage biotechnology company focused on
leveraging nitric oxide's naturally occurring anti-viral,
anti-bacterial, anti-fungal and immunomodulatory mechanisms of
action to treat a range of diseases with significant unmet needs.
Nitric oxide plays a vital role in the natural immune system
response against microbial pathogens and is a critical regulator of
inflammation.

Novan Inc. and affiliate, EPI Health, LLC, sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10937) on July 17, 2023. As of March 31, 2023, Novan
disclosed $79,793,000 in assets against $7,922,000 in liabilities.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Morris, Nichols, Arsht & Tunnell, LLP as legal
counsel; Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP
as special counsel Sierra Constellation Partners, LLC as financial
advisor; and Raymond James and Associates as investment banker.
Kurtzman Carson Consultants, LLC is the claims agent.


NOVAN INC: Taps SierraConstellation Partners as Financial Advisor
-----------------------------------------------------------------
Novan, Inc. and EPI Health, LLC seek approval from the U.S.
Bankruptcy Court for the District of Delaware to employ
SierraConstellation Partners, LLC as financial advisor.

The firm will render these services:

     (a) obtain, review, and summarize financial information
necessary for the Chapter 11 bankruptcy filing;

     (b) assist the Debtors in preparing and filing court-mandated
reporting;

     (c) assist the Debtors with their communications, diligence
requests and/or negotiations with outside parties;

     (d) assist with the sale of assets and the liquidation of the
Debtors;

     (e) work with the Debtors, their counsel and investment
bankers to implement restructuring strategy; and

     (f) assist in other areas, as needed.

The hourly rates of Sierra's professionals are as follows:

     Partners           $750 - $1,200
     Managing Director    $660 - $750
     Senior Directors     $570 - $660
     Directors            $455 - $570
     Senior Associates           $350
     Analysts                    $250

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

Carl Moore, a managing director at SierraConstellation Partners,
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:

     Carl Moore
     SierraConstellation Partners, LLC
     355 S. Grand Ave., Suite 1450
     Los Angeles, CA 90071
     Telephone: (213) 289-9060
     Facsimile: (213) 402-3548
     Email: info@sierraconstellation.com

                         About Novan Inc.

Based in Durham, North Carolina, Novan Inc. (Nasdaq: NOVN) is a
clinical development-stage biotechnology company focused on
leveraging nitric oxide's naturally occurring anti-viral,
anti-bacterial, anti-fungal and immunomodulatory mechanisms of
action to treat a range of diseases with significant unmet needs.
Nitric oxide plays a vital role in the natural immune system
response against microbial pathogens and is a critical regulator of
inflammation.

Novan Inc. and affiliate, EPI Health, LLC, sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case
No. 23-10937) on July 17, 2023. As of March 31, 2023, Novan
disclosed $79,793,000 in assets against $7,922,000 in liabilities.

Judge Laurie Selber Silverstein oversees the cases.

The Debtors tapped Morris, Nichols, Arsht & Tunnell, LLP as legal
counsel; Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP
as special counsel Sierra Constellation Partners, LLC as financial
advisor; and Raymond James and Associates as investment banker.
Kurtzman Carson Consultants, LLC is the claims agent.


OCEAN SEGA: Seeks to Hire Joyce W. Lindauer as Bankruptcy Counsel
-----------------------------------------------------------------
Ocean Sega International, LLC seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to employ Joyce
W. Lindauer Attorney, PLLC as its counsel.

The Debtor requires legal counsel to effectuate a reorganization,
propose a plan of reorganization, and effectively move forward in
its bankruptcy proceeding.

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

     Joyce W. Lindauer, Esq.                 $475
     Sydney Ollar, Associate Attorney        $250
     Laurance Boyd, Associate Attorney       $235
     Dian Gwinnup, Paralegal                 $210
     Other Paralegals/Legal Assistants $65 - $210

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

The firm received a retainer of $10,000 from the Debtor.

Joyce Lindauer, Esq., the owner of the firm, 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:
     
     Joyce W. Lindauer, Esq.
     Joyce W. Lindauer Attorney, PLLC
     1412 Main Street, Suite 500
     Dallas, TX 75202
     Telephone: (972) 503-4033
     Facsimile: (972) 503-4034
     Email: joyce@joycelindauer.com

                   About Ocean Sega International

Ocean Sega International, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Texas Case No.
23-31333) on June 27, 2023, with as much as 50,000 in both assets
and liabilities.

Judge Scott W. Everett oversees the case.

Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC is the
Debtor's counsel.


OLYMPIA ACQUISITION: Ares Capital Marks $3.2M Loan at 41% Off
-------------------------------------------------------------
Ares Capital Corporation has marked its $3.2 million loan extended
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC to market at $1.9 million or 59% of the outstanding
amount, as of June 30, 2023, according to a disclosure contained in
Ares Capital's Form 10-Q for the quarterly period ended June 30,
2023, recently filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC. The loan matures in February 2027.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC are providers of behavioral health and special
education platform.  



OLYMPIA ACQUISITION: Ares Capital Marks $53.3M Loan at 40% Off
--------------------------------------------------------------
Ares Capital Corporation has marked its $53.3 million loan extended
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC to market at $32 million or 60% of the outstanding
amount, as of June 30, 2023, according to a disclosure contained in
Ares Capital's Form 10-Q for the quarterly period ended June 30,
2023, recently filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC. The loan matures in February 2027.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC are providers of behavioral health and special
education platform.
 



OLYMPIA ACQUISITION: Ares Capital Marks $7.2M Loan at 40% Off
-------------------------------------------------------------
Ares Capital Corporation has marked its $7.2 million loan extended
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC to market at $4.3 million or 60% of the outstanding
amount, as of June 30, 2023, according to a disclosure contained in
Ares Capital's Form 10-Q for the quarterly period ended June 30,
2023, recently filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC. The loan matures in February 2027.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC are providers of behavioral health and special
education platform.
 



ONCOSEC MEDICAL: Aug. 10 Auction for Lab, R&D Facility
------------------------------------------------------
By order of a U.S. bankruptcy court, Tiger Group and Liquidity
Services on Aug. 10 will auction OncoSec Medical Inc.'s former
immunotherapy laboratory and R&D facility in San Diego.

The biotechnology company, which focused on developing intertumoral
immunotherapies to target cancer cells by stimulating patients'
immune systems, filed for Chapter 7 liquidation in the U.S.
Bankruptcy Court for the District of Delaware this past June.

Lots in the timed, online auction for OncoSec begin to close on
Thursday, August 10, at 10:25 a.m. (PT). Bidding is underway at
SoldTiger.com and Liquidity Services' AllSurplus.com marketplace.

In the fight against cancer, OncoSec earned national attention for
its proprietary TAVO(TM) electroporation platform. The company's
immunotherapy research, carried out at its R&D facility in San
Diego, required an extensive amount of cutting-edge and general lab
equipment.

"All told, online bidders will find 148 lots of clean,
well-maintained biopharma assets in the online auction," noted John
Coelho, Senior Director, Tiger Commercial & Industrial. "It's a
rare opportunity for operators in this fast-moving and highly
competitive space."

The assets include:

   -- microscopes, cell profilers, incubators, and thermomixers --
safety cabinets, refrigerators, ultra-low-temperature freezers and
benchtop centrifuges -- autoclaves, cell-imaging systems, cell
profilers and advanced molecular imagers -- thermal cyclers, and
cryogenic and/or nitrogen tank and storage systems -- digital
dry-bath block heaters, oscilloscopes, force testers,
electroporators and generators, -- and much more.
"Extremely well-respected brands are represented in this sale,
including the likes of Nexcelom Bioscience, Zeiss, Thermo
Scientific, Fisher Scientific, Protein Simple, Tuttnauer, and
NanoString Technologies," added Nick Jimenez, Vice President of
Global Business Development, Liquidity Services.

Highlights include

   -- BioRad CFX96 qPCR (2) -- Eppendorf microfuge 5424R
(refrigerated) (8) -- SII Lago in vivo imaging device -- Stacked
MaxQ 8000 orbital bacterial shakers (2) -- NanoString MAX system --
BD Fortessa X-20 flow cytometer -- Tuttnauer autoclave General lab
equipment includes hot plates, stirrers, shakers, pipettes and
pipette aids, glass and plasticware, along with laboratory
consumables and wire racking.

The auction features a total of 47 lots of office furniture, IT
equipment and miscellaneous support equipment. Office assets
include caster lab stools and chairs, stainless-steel tables,
cabinets, shelving, work tables, breakroom appliances, wooden
chairs and office chairs.

"With respect to IT and electronics, there are computers, monitors,
TVs, printers--including a 3D printer--and a server rack, among
other items," Coehlo noted. "Bidders also will find general tools
like drill presses that are in great condition."

On-site inspections are available on Wednesday, August 9, by
appointment only. To arrange an inspection or obtain other
information, email: auctions@tigergroup.com or call (805)
497-4999.

For asset photos, descriptions, and other information, visit:

https://soldtiger.com/sales/biopharma-plant-closed-complete-liquidation-of-a-research-development-laboratory-facility/

or. . .

https://www.allsurplus.com/events/23727/filters?seller=OncoSec

In addition, Sherwood Partners, Inc., has been retained to offer
OncoSec's intellectual property assets for sale. "OncoSec has
dedicated years of expertise to develop innovations with the
potential to reshape cancer treatment and diagnostics," noted Molly
Froschauer, Senior Vice President, Sherwood Partners. "The patents,
proprietary technologies and research data in this portfolio are a
tremendous opportunity for a wide array of medical research and
biotech companies."

For more information, call (310) 295-1530 or email
mfroschauer@sherwoodpartners.com.

                      About Tiger Group

Tiger Capital Group -- https://tigergroup.com/ -- provides asset
valuation, advisory and disposition services to a broad range of
retail, wholesale, and industrial clients. With over 40 years of
experience and significant financial backing, Tiger's seasoned
professionals help clients identify the underlying value of assets,
monitor asset risk factors and, when needed, provide capital or
convert assets to capital quickly and decisively. Tiger maintains
offices in New York, Boston, Los Angeles, Chicago, Houston and
Toronto.

                   About Liquidity Services

Liquidity Services -- https://liquidityservices.com/ -- operates
the world's largest B2B e-commerce marketplace platform for surplus
assets with over $10 billion in completed transactions to more than
five million qualified buyers and 15,000 corporate and government
sellers worldwide. The company supports its clients' sustainability
efforts by helping them extend the life of assets, prevent
unnecessary waste and carbon emissions, and reduce the number of
products headed to landfills.

                    About OncoSec Medical

OncoSec Medical Incorporated (NASDAQ: ONCS) was a biotechnology
company focused on the development of cytokine-based intratumoral
immunotherapies to stimulate the body's immune system to target and
attack cancer.  The Company was formerly known as NetVentory
Solutions Inc. and changed its name to OncoSec Medical Incorporated
in March 2011.  OncoSec Medical Incorporated was incorporated in
2008 and was headquartered in Pennington, New Jersey.

OncoSec Medical Incorporated filed a Chapter 7 bankruptcy petition
(Bankr. D.N.J. Case No. 23-15178) on June 14, 2023.

The Debtor's counsel:

        John S. Mairo
        Porzio, Bromberg & Newman, P.C.
        Tel: 973-538-4006
        E-mail: jsmairo@pbnlaw.com



OVERLAND PARK: S&P Alters Outlook to Positive, Affirms 'BB-' ICR
----------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from negative
and affirmed its 'BB-' rating on Overland Park Development Corp.
(OPDC), Kan.'s 2019 improvement and refunding revenue bonds
(Overland Park Convention Center Hotel). The outlook revision
reflects OPDC recovering transient guest tax revenues.

"The positive outlook reflects our view that improving pledged
revenues, and projections that indicate continued growth in
revenues, will likely lead to continued sum sufficient debt service
coverage and likely replenishment of the debt service reserve,"
said S&P Global Ratings credit analyst Alex Louie. "Further rating
increases are contingent on the OPDC maintaining improved coverage
levels and fully replenishing the DSR to $5.7 million, the amount
initially at funded upon closing of the bonds," Mr. Louie added.

The City of Overland Park's annual appropriation of the first 6% of
the 9% transient guest tax (TGT), in accordance with the TGT debt
service support agreement, secures the series 2019 bonds. In the
agreement, the city agrees to make available a portion of its
annual TGT revenues for the payment of debt service, subject to
appropriation. If TGT revenues are insufficient, the corporation
has pledged the net operating revenues of the Overland Park
Convention Center Hotel.

The rating is based on the application of our priority-lien tax
revenue debt criteria (published Oct. 22, 2018), which incorporates
not only the strength and stability of the pledged revenue stream,
but also the general credit quality of the municipality where taxes
are collected and distributed, known as the obligor's
creditworthiness.

OPDC has reported recovering revenues, which has allowed officials
to make debt service payments without drawing down further on debt
service reserves (DSRs) since the Sept. 1, 2022, payment, and in
fact being able to partially replenish the reserve. The DSR
declined to approximately $2.1 million during fiscal 2022, and
improved slightly during the year, but for the first quarter of
fiscal 2023, officials reported an increase in the reserve fund to
$2.9 million, but it still remains down from the initial funding at
$5.7 million. Improving economic conditions, and a recovery in
group events is driving the increase in revenues, and officials
expect pledged revenues will continue to improve over the next two
years. S&P said, "While we note that the recent trend of improved
collections is notable, the existing rating reflects the continued
susceptibility of pledged revenues to adverse conditions that could
result in sharp revenue declines and reliance on the bonds' debt
service reserve fund (DSRF), which will likely remain below full
funding in the near term. The outlook reflects the recent
improvement in results, and we believe there is at least a
one-in-three chance that coverage will be sustained above 1.0x,
potentially allowing OPDC to replenish the DSRF." Future rating
movement is contingent on continued revenue growth, and the full
replenishment of the DSRF.

The positive outlook reflects S&P's view that improving pledged
revenues, and projections that indicate continued growth in
revenues, will likely lead to continued sum sufficient debt service
coverage and likely replenishment of the DSR. Further rating
increases are contingent on the OPDC maintaining improved coverage
levels and fully replenishing the DSR to $5.7 million, the amount
initially at funded upon closing of the bonds.



PARTY CITY: Executives Hid Liquidity Woes Prior to Bankruptcy
-------------------------------------------------------------
Martina Barash of Bloomberg Law reports that a Party City
stockholder says Party City Holdco Inc.'s CEO and chief financial
officer signed off on SEC filings that misrepresented its financial
health.  

"Party City was well aware of its liquidity problems and lending
shortfalls" before it filed a 10-Q form with the Securities and
Exchange Commission in November 2022, shareholder Ryan Shulman says
in a proposed class action. He filed the suit Tuesday in the US
District Court for the District of New Jersey.

                      About Party City Holdco

Party City Holdco Inc. (NYSE: PRTY) is the global leader in the
celebrations industry, with its offerings spanning more than 70
countries around the world. It is also the largest designer,
manufacturer, distributor, and retailer of party goods in North
America. Party City Holdco had 761 company-owned stores as of
September 2022.  It is headquartered in Woodcliff Lake, N.J. with
additional locations throughout the Americas and Asia.

Party City Holdco and its domestic subsidiaries sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas
Lead Case No. 23-90005). As of Sept. 30, 2022, Party City Holdco
had total assets of $2,869,248,000 against total debt of
$3,022,960,000.

Judge David R. Jones oversees the cases.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison, LLP as
legal counsel; Moelis & Company, LLC as investment banker;
AlixPartners, LLP as financial advisor; A&G Realty Partners as real
estate advisor; and Kroll as the claims agent.
PricewaterhouseCoopers LLP (PwC) provides accounting and valuation
advisory services, tax-related services, and internal audit
Sarbanes-Oxley Act support services.

Davis Polk & Wardwell, LLP and Lazard serve as legal counsel and
investment banker, respectively, to the ad hoc group of first lien
holders.

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 Pachulski Stang Ziehl & Jones, LLP.


PETRI ENTERPRISES: Taps The Dakota Bankruptcy Firm as Legal Counsel
-------------------------------------------------------------------
Petri Enterprises, LLC seeks approval from the U.S. Bankruptcy
Court for the District of North Dakota to employ The Dakota
Bankruptcy Firm as general reorganization counsel.

The firm will render these services:

     (a) prepare and file all necessary pleadings, motions, and
other court papers, on behalf of the Debtor;

     (b) negotiate with creditors and other interested parties;

     (c) represent the Debtor in any adversary proceedings,
contested matters, and other proceedings before this honorable
court;

     (d) prepare a plan of reorganization on behalf of the Debtor;
and

     (e) tend to such other and further matters as are necessary
and appropriate in the prism of this case.

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

     Partner     $400
     Associate   $200
     Paralegal   $100

Maurice VerStandig, Esq., an attorney at The Dakota Bankruptcy
Firm, 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:

     Maurice B. VerStandig, Esq.
     The Dakota Bankruptcy Firm
     1630 1st Avenue N, Suite B PMB 24
     Fargo, ND 58102
     Telephone: (701) 394-3215
     Email: mac@dakotabankruptcy.com

                      About Petri Enterprises

Petri Enterprises LLC filed a petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D.N.D. Case No. 23-30247) on July
29, 2023, listing under $1 million in both assets and liabilities.

Judge Shon Hastings oversees the case.

Maurice B. VerStandig, Esq., at The Dakota Bankruptcy Firm serves
as the Debtor's counsel.


PHASEBIO PHARMACEUTICALS: MLM Steps Down as Committee Member
------------------------------------------------------------
The U.S. Trustee for Region 3 disclosed in a court filing that MLM
Medical Labs resigned from the official committee of unsecured
creditors in the Chapter 11 case of PhaseBio Pharmaceuticals, Inc.

The remaining members of the committee are:

     1. Biovectra Inc.
        Attn: Scott Zhu
        11 Aviatione Avenue
        Charlottetown, PE
        C1E 0A1 Canada
        Phone: 902-388-1951
        Email: szhu@higcapital.com

     2. Velocity Clinical Research Inc.
        Attn: Jamie Wilkerson
        807 E. Main St. Suite 6-100
        Durham, NC 27701
        Phone: 919-260-7650
        Email: jwilkerson@velocityclinical.com

     3. Synchrogenix Information Strategies LLC
        Attn: Demetrius Carter
        2951 Centerville Rd., Suite 100
        Wilmington, DE 19803
        Phone: 919-527-5131
        Email: Demetrius.Carter@certara.com

     4. Absci Corporation
        Attn: Todd Bedrick & Natalie Stack
        18105 SE Mill Plain Blvd
        Vancouver, WA 98683
        Phone: 520-907-6362
        Email: tbedrick@absci.com  
               nstack@absci.com

     5. Bar Advisors, LLC
        Attn: Fred Manak
        3525 Del Mar Heights Rd.
        San Diego, CA 92130
        Phone: 805-208-5506
        Email: fmanak@biobaradvisors.com  

                   About Phasebio Pharmaceuticals

PhaseBio Pharmaceuticals, Inc. -- https://www.phasebio.com/ -- is
focused on the development and commercialization of novel therapies
to treat orphan diseases, with an initial focus on cardiopulmonary
indications. It is based in Malvern, Pa.

PhaseBio Pharmaceuticals filed a petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 22-10995) on
Oct. 24, 2022. In the petition filed by its chief executive
officer, Jonathan Mow, the Debtor reported $17,970,000 in assets
and $21,320,000 in debt as of Aug. 31, 2022.

Judge Laurie Selber Silverstein oversees the case.

The Debtor tapped Cooley LLP as lead bankruptcy counsel; Richards,
Layton & Finger, PA as Delaware bankruptcy counsel;
SierraConstellation Partners, LLC as financial advisor; KPMG, LLP
as tax consultant; and Miller Buckfire & Co. as investment banker.
Omni Agent Solutions is the claims, noticing and administrative
agent.

The U.S. Trustee for Region 3 appointed an official committee of
unsecured creditors in the Debtor's case on Nov. 3, 2022. McDermott
Will & Emery, LLP and FTI Consulting, Inc. serve as the committee's
legal counsel and financial advisor, respectively.


PONTCHARTRAIN LLC: Seeks to Hire Walker Law Offices as Counsel
--------------------------------------------------------------
Pontchartrain, LLC seeks approval from the U.S. Bankruptcy Court
for the Central District of California to employ Walker Law Offices
as general bankruptcy counsel.

The firm will render these legal services:

     (a) advise and assist regarding compliance with the
requirements of the United States Trustee;

     (b) advise regarding matters of bankruptcy law;

     (c) conduct examinations of witnesses, claimants, or adverse
parties and to prepare and assist in the preparation of reports,
accounts, and pleadings;

     (d) advise concerning the requirements of the Bankruptcy Code
and applicable rules;

     (e) assist with the negotiation, formulation, confirmation,
and implementation of a Chapter 11 plan;

     (f) make any appearances in the Bankruptcy Court on behalf of
the Debtor; and

     (g) take such other action and perform such other services as
the Debtor may require.

Rhonda Walker, Esq., an attorney at Walker Law Offices, will bill
the Debtor at $300 per hour plus reimbursement for expenses
incurred.

The Debtor paid a retainer to the firm in the amount of $3,200.

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

The firm can be reached through:

     Rhonda Walker, Esq.
     Walker Law Offices
     440 E. Huntington Blvd., Ste. 300
     Arcadia, CA 91006
     Telephone: (626) 577-7322
     Email: rwalker_law@yahoo.com

                    About Pontchartrain LLC

Pontchartrain LLC is a Single Asset Real Estate with a principal
place of business at 468 N. Camden Drive, Beverly Hills, CA 90210.

Pontchartrain LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Calif. Case No. 23-14185) on July 5,
2023. In the petition filed by Marshall F. Dismuke, managing
member, the Debtor disclosed between $1 million and $10 million in
both assets and liabilities.

Judge Julia W. Brand oversees the case.

Rhonda Walker, Esq., at Walker Law Offices serves as the Debtor's
counsel.


PROTERRA INC: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------
Two affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                           Case No.

    Proterra Inc. (Lead Case)                        23-11120
    1815 Rollins Road,
    Burlingame, CA 94010

    Proterra Operating Company, Inc.                 23-11121

Business Description: The Debtors' business involves designing,
                      manufacturing, and selling electric transit
                      buses and components, batteries, and
                      electric drive trains, and providing and
                      selling related products and services.

Chapter 11 Petition Date: August 7, 2023

Court: United States Bankruptcy Court
       District of Delaware

Judge: Hon. Brendan Linehan Shannon

Debtors'
Co-Counsel:  Pauline K. Morgan, Esq.
             Andrew L. Magaziner, Esq.
             Shella Borovinskaya, Esq.
             YOUNG CONAWAY STARGATT &
             TAYLOR, LLP
             Rodney Square
             1000 North King Street
             Wilmington, Delaware 19801
             Tel: (302) 571-6600
             Fax: (302) 571-1253
             Email: pmorgan@ycst.com
             amagaziner@ycst.com
             sborovinskaya@ycst.com

                - and -

             Paul M. Basta, Esq.
             Robert A. Britton, Esq.
             Michael Colarossi, Esq.
             PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
             1285 Avenue of the Americas
             New York, New York 10019
             Tel: (212) 373-3000
             Fax: (212) 757-3990
             Email: pbasta@paulweiss.com
                    rbritton@paulweiss.com
                    mcolarossi@paulweiss.com

Debtors'
Financial
Advisor:     FTI CONSULTING, INC.

Debtors'
Investment
Banker:      MOELIS & COMPANY, LLC

Debtors'
Claims,
Noticing &
Administrative
Agent:       KURTZMAN CARSON CONSULTANTS LLC

Total Assets as of June 30, 2023: $818,773,679

Total Debts as of June 30, 2023: $609,498,207

The petitions were signed by Gareth T. Joyce as chief executive
officer.

Full-text copies of the petitions are available for free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/BPP47PI/Proterra_Inc__debke-23-11120__0001.0.pdf?mcid=tGE4TAMA


https://www.pacermonitor.com/view/BJGDVIY/Proterra_Operating_Company_Inc__debke-23-11121__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. LG Energy Solution, Ltd.            Trade           $27,522,321
David Lee
Tower 1, 108, Yeoui-Daero
Yeongdeungpo-Gu
Seoul, 07336
Republic of Korea
Tel: 82-10-5536-6419
Email: leekyungil@lgensol.com

2. Nikola Corporation                Deferred          $18,604,915
Bruna Chiosini & Nikola Legal         Revenue
4141 E. Broadway Rd.
Phoenix, AZ 85040
Email: legal@nikolamotor.com

3. Volta Trucks                      Deferred          $10,500,000
John Burrows                          Revenue
Olof Palmesgata 29 FL 4
Stockholm, 111 22
Sweden
Phone: 33 670990445
Email: john.burrows@voltatrucks.com

4. Miami-Dade County                 Deferred           $9,952,122
Ana M. Rioseco, CPPB                  Revenue
701 NW 1st Court
15th Floor
Miami, FL 33136
Phone: 786-469-5279
Email: ariosec@maimidade.gov

5. Nikola Iveco Europe GMBH           Deferred          $8,221,007
Francesco Donato, CPO                  Revenue
Nicolaus-Otto-Strasse 27
ULM, 89079
Germany
Email: francesco.donato@ivecogroup.com

6. City of Edmonton                   Deferred          $8,024,128
Fred Amenaghawon                       Revenue
Westwood Integrated Site
12404 107 Street NW
Edmonton, AB T5G S27
Canada
Phone: 780-442-5431
Email: fred.amenaghawon@edmonton.ca

7. TPI Composites, Inc.                 Trade           $6,352,565
Jerry Lavine
8501 N Scottsdale Road,
Suite 100
Scottsdale, AZ 85253
2748
Tel: 480-305-8910
Fax: 480-305-8315
Email: j.lavine@tpicomposites.com

8. Power Electronics USA                Trade           $3,037,200
Jacob Marshall
1510 N. Hobson Ave
Gilbert, AZ 85233
Phone: 480-369-3492
Email: jmarshall@power-electronics.com

9. Valley Regional Transit            Deferred          $2,158,988
Jason Rose                             Revenue
700 NE 2nd St., Ste. 100
Meridian, ID 83642
Tel: 208-258-2739
Fax: 208-846-8564
Email: jrose@valleyregionaltransit.org

10. Sensata Technologies, Inc.          Trade           $2,106,530
Frida Aguilar Romo
529 Pleasant St
Attleboro, MA 02703
Email: faguilarromo@sensata.com

11. Los Angeles                       Deferred          $1,999,999

Department of                          Revenue
Transportation
General Manager
100 S. Main St., 10th Floor
Los Angeles, CA 90012
Tel: 213-972-8470
Fax: 213-972-8410
Email: connie.llanos@lacity.org

12. Chicago Transit                    Deferred         $1,585,358
Authority                               Revenue
Sanja Noble
567 W. Lake Street
Chicago, IL 60661
Phone: 312-664-720
Email: snoble@transitchicago.com

13. Capital Metropolitan               Deferred         $1,569,458
Transportation Authority                Revenue
Kerri Butcher
2910 E. 5th St.
Austin, TX 78702
Phone: 512-389-7460
Email: kerri.butcher@capmetro.org

14. Port Authority of New              Deferred         $1,495,304
York and New Jersey                     Revenue
Port Authority Law Department
150 Greenwich St, 24th FL
New York City, NY 10007
Phone: 212-435-7000
Email: jbarragan@panynj.gov

15. Bloomington-Normal                 Deferred         $1,261,772
Public Transit System                   Revenue
Brady Lange
351 Wylie Drive
Normal, IL 61961
Phone: 309-828-9833
Email: blange@connect-transit.com

16. City of Fresno                     Deferred         $1,202,271
Purchasing Department                   Revenue
2600 Fresno Street
Room 2156
Fresno, CA 93721
Tel: 559-621-1332
Fax: 559-488-1069
Email: gary.watahira@fresno.gov

17. Navistar, Inc.                     Deferred         $1,073,985
Ellen Mahaffey                          Revenue
2701 Navistar Drive
Lisle, IL 60532
Phone: 331-332-3224
Email: ellen.mahaffey@navistar.com

18. Bow Valley Regional                Deferred         $1,072,025
Transit Services Commission             Revenue
Martin Bean, Chief
Administrative Officer
221 Beaver Street
Banff, AB T1L 1A5
Canada
Phone: 403-762-0606
Email: martin.bean@roamtransit.com

19. Highland Electric                  Deferred         $1,043,903
Transportation, Inc.                    Revenue
Sean Leach
200 Cummings Center,
Suite 273D
Beverly, MA 01915
Phone: 508-397-2776
Email: sean@highlandfleets.com

20. Ron Whites Air                       Trade          $1,024,402
Compressors, Inc.
Brittany Moore
4019 S Murray Ave
Anderson, SC 29626
Phone: 800-535-5176
Email: brittany@rwiindustrial.com

21. Sigma Machine, Inc.                  Trade            $821,251
Kurt Hinkley
3358 Center Park Plaza
Kalamazoo, Inc. 49048
Phone: 269-345-6316
Email: kurth@sigmamachine.net

22. Bossard Inc.                         Trade            $749,024
Steen Hansen
6521 Production Drive
Cedar Falls, IA 50613
Tel: 319-277-5520
Fax: 319-277-2964
Email: hansen@bossard.com

23. Danfoss Power                        Trade            $748,848
Solutions (US) Company
Cliff Stokes
2800 E 13th St
Ames, IA 50010-8600
Phone: 303-562-4513
Email: cliff.stokes@danfoss.com

24. US Customs & Border                  Taxes            $712,719
Protection
Office of Finance
6650 Telecom Drive
Indianapolis, IN 46278
Phone: 317-614-4426
Email: bankruptcyteam@cbp.dhs.gov

25. Ningbo Yexing                        Trade            $661,463
Automotive Part Co., Ltd.
coco Rong
No. 259 Haifeng Road
Cidong Binhai Economic
Development Area
Cixi, 315338
China
Phone: 86-574-63293998
Email: sales@yexingauto.com

26. South Bay Solutions Inc.             Trade            $637,135
Rosa Neyman
37399 Centralmont Place
Fremont, CA 94536
Email: rneyman@southbaysolutions.com

27. Rhombus Energy Solutions             Trade            $531,328
Scott Stromenger
10915 Technology PL
San Diego, CA 92127
Phone: 888-978-6564
Email: scott@rhombusenergy.com

28. Arow Global Corp                     Trade            $494,982
Amy King
924 North Park View
Circle
Mosinee, WI 54455
Tel: 715-693-6020
Fax: 715-693-7108
Email: aking@arowglobal.com

29. Birlasoft Solutions Inc.             Trade            $479,239
Sumit Mehrish
399 Thornall St Fl 8
Edison, NJ 08837-2240
Email: sumit.mehrish@birlasoft.com

30. Maho Lazo                       Litigation        Unliquidated
Wilshire Law Firm
Benjamin Haber
3055 Wilshire Blvd, 12th FL
Los Angeles, CA 90010
Tel: 213-335-2402
Fax: 213-381-9989
Email: benjamin@wilshirelawfirm.com


PUERTO RICO: PREPA's Debt Deal Extended by a Week
-------------------------------------------------
Michelle Kaske of Bloomberg News reports that the judge overseeing
the bankruptcy of Puerto Rico's power utility granted it an
additional week -- for the second time in the past 10 days -- to
reach a deal with bondholders as talks are progressing.

The island's federally appointed financial oversight board, which
is managing the utility's bankruptcy, sought more time to negotiate
with bondholders as it anticipates reaching an agreement with at
least one creditor, a lawyer for the board said in a court document
filed Thursday, August 3, 2023.

                        About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States.  The chief of state is the President of the
United States of America.  The head of government is an elected
Governor.  There are two legislative chambers: the House of
Representatives, 51 seats, and the Senate, 27 seats.  The
governor-elect is Ricardo Antonio "Ricky" Rossello Nevares, the son
of former governor Pedro Rossello.

In 2016, the U.S. Congress passed PROMESA, which, among other
things, created the Financial Oversight and Management Board and
imposed an automatic stay on creditor lawsuits against the
government, which expired May 1, 2017.

The members of the oversight board are: (i) Andrew G. Biggs, (ii)
Jose B. Carrion III, (iii) Carlos M. Garcia, (iv) Arthur J.
Gonzalez, (v) Jose R. Gonzalez, (vi) Ana. J. Matosantos, and (vii)
David A. Skeel Jr.

On May 3, 2017, the Commonwealth of Puerto Rico filed a petition
for relief under Title III of the Puerto Rico Oversight,
Management, and Economic Stability Act ("PROMESA").  The case is
pending in the United States District Court for the District of
Puerto Rico under case number 17-cv-01578. A copy of Puerto Rico's
PROMESA petition is available at
http://bankrupt.com/misc/17-01578-00001.pdf               

On May 5, 2017, the Puerto Rico Sales Tax Financing Corporation
(COFINA) commenced a case under Title III of PROMESA (D.P.R. Case
No. 17-01599).  Joint administration has been sought for the Title
III cases.

On May 21, 2017, two more agencies -- Employees Retirement System
of the Government of the Commonwealth of Puerto Rico and Puerto
Rico Highways and Transportation Authority (Case Nos. 17-01685 and
17-01686) -- commenced Title III cases.

U.S. Chief Justice John Roberts named U.S. District Judge Laura
Taylor Swain to preside over the Title III cases.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose LLP; and Hermann D. Bauer, Esq.,
at O'Neill & Borges LLC are onboard as attorneys.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains the case web site
https://cases.primeclerk.com/puertorico

Jones Day is serving as counsel to certain ERS bondholders.

Paul Weiss is counsel to the Ad Hoc Group of Puerto Rico General
Obligation Bondholders.


PURDUE PHARMA: Blocks DOJ's Push to Stop Bankruptcy Plan
--------------------------------------------------------
James Nani of Bloomberg Law reports that Purdue Pharma LP urged the
US Supreme Court to reject the Justice Department's request to
block the opioid manufacturer's bankruptcy plan from taking
effect.

"This is a baseless stay application that, if granted, would harm
victims and needlessly delay the distribution of billions of
dollars to abate the opioid crisis," the drugmaker told the high
court Friday, August 4, 2023.

Supreme Court Justice Sonia Sotomayor on July 28, 2023 asked for
responses to a request by Solicitor General Elizabeth Prelogar to
stay the Chapter 11 plan. The plan would shield the company's
Sackler family owners from future exposure to opioid victim
lawsuits, which Prelogar has called "an abuse of the bankruptcy
system" that raises constitutional questions.

The controversial third-party releases would be allowed for the
Sackler family members under the plan even though they didn't file
for bankruptcy.

The US government is seeking to pause implementation of the
bankruptcy plan as it prepares to ask the justices to take up the
case. Pausing now would avoid issues over the "equitable mootness"
doctrine, the Justice Department said. The doctrine is a court-made
rule that's sometimes raised to stop parties from disturbing the
implementation of court-approved bankruptcy plans.

Sackler family members struck a settlement in which they would pay
$6 billion in exchange for being released from legal liability as
part of the Chapter 11 plan.  The US Court of Appeals for the
Second Circuit in May allowed Purdue to implement the plan,
overturning a district court finding that releases weren't allowed.
The Second Circuit last week allowed the settlement to go into
effect despite the Supreme Court's pending review.

Prelogar is representing the Justice Department's bankruptcy
watchdog, the US Trustee, in opposing the plan.  The solicitor
general last week told the Supreme Court that allowing the plan to
take effect "would leave in place a roadmap for wealthy
corporations and individuals to misuse the bankruptcy system to
avoid mass tort liability."

A group of about 60,000 personal injury opioid victims and a
committee of unsecured creditors on Friday each urged the justices
to reject pausing the plan and to decline taking up the case.

Several states including California, Connecticut, and Delaware told
the Supreme Court they would take no position on the pause request
because had already settled with Purdue. A group of Canadian
municipalities backed the DOJ and urged the justices to pause the
plan.

The case is William K. Harrington v. Purdue Pharma LP, U.S., No.
23A87, response 8/4/23.

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

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

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

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

On Sept. 15 and 16, 2019, Purdue Pharma L.P. and 23 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
19-23649), after reaching terms of a preliminary agreement for
settling the massive opioid litigation.  The Debtors' consolidated
balance sheet as of Aug. 31, 2019, showed $1.972 billion in assets
and $562 million in liabilities.

U.S. Bankruptcy Judge Robert Drain oversees the cases.   

The Debtors tapped Davis Polk & Wardwell, LLP and Dechert, LLP, as
legal counsels; PJT Partners as investment banker; AlixPartners as
financial advisor; and Grant Thornton, LLP as tax structuring
consultant. Prime Clerk, LLC, is the claims agent.

Akin Gump Strauss Hauer & Feld LLP and Bayard, P.A., represent the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases.

David M. Klauder, Esq., is the fee examiner appointed in the
Debtors' cases. The fee examiner is represented by Bielli &
Klauder, LLC.

                          *     *     *

U.S. Bankruptcy Judge Robert Drain in early September 2021 approved
a plan to turn Purdue into a new company (Knoa Pharma LLC) no
longer owned by members of the Sackler family, with its profits
going to fight the opioid epidemic. The Sackler family agreed to
pay $4.3 billion over nine years to the states and private
plaintiffs and in exchange for a lifetime legal immunity.  The deal
resolves some 3,000 lawsuits filed by state and local governments,
Native American tribes, unions, hospitals and others who claimed
the company's marketing of prescription opioids helped spark and
continue an overdose epidemic.

Separate appeals to approval of the Plan have already been filed by
the U.S. Bankruptcy Trustee, California, Connecticut, the District
of Columbia, Maryland, Rhode Island and Washington state, plus some
Canadian local governments and other Canadian entities.

In early March 2022, Purdue Pharma reached a nationwide settlement
over its role in the opioid crisis, with the Sackler family members
boosting their cash contribution to as much as $6 billion.  The
settlement was hammered out with attorneys general from the eight
states -- California, Connecticut, Delaware, Maryland, Oregon,
Rhode Island, Vermont and Washington -- and D.C. who had opposed
the previous settlement.


QUANTUM VALVE: Trustee Taps Reid Collins & Tsai as Special Counsel
------------------------------------------------------------------
Jason Rae, the Chapter 11 trustee for Quantum Valve and Oilfield
Solutions, LLC, received approval from the U.S. Bankruptcy Court
for the Eastern District of Texas to employ Reid Collins & Tsai,
LLP.

The trustee requires a special litigation counsel to prosecute
claims against American Express Company. The claims stemmed from
certain payments made by the Debtor to American Express Company
that were preferential.

Reid Collins & Tsai will be paid a contingency fee of 33 percent of
gross recoveries.

Eric Madden, Esq., a partner at Reid Collins & Tsai, 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:

     Eric D. Madden, Esq.
     Reid Collins & Tsai, LLP
     1601 Elm Street, Suite 4200
     Dallas, TX 75201
     Tel: (214) 420-8900
     Fax: (214) 420-8909
     Email: emadden@reidcollins.com

             About Quantum Valve and Oilfield Solutions

Quantum Valve and Oilfield Solutions, LLC is a Fort Worth,
Texas-based company that provides support activities for the mining
industry.

Quantum filed a petition for Chapter 11 protection (Bankr. E.D.
Texas Case No. 21-40994) on July 12, 2021.  In the petition signed
by its chief executive officer, John Luke Reed, the Debtor reported
$10 million to $50 million in both assets and liabilities.

Judge Brenda T. Rhoades oversees the case.

Christopher J. Moser, Esq., at Quilling, Selander, Lownds, Winslett
and Moser, PC is the Debtor's legal counsel.

On Aug. 10, 2021, the U.S. Trustee for Region 6 appointed an
official committee to represent unsecured creditors. The committee
is represented by Okin Adams, LLP.

Jason Rae, the Chapter 11 trustee appointed in the Debtor's case,
tapped McDermott Will & Emery, LLP as bankruptcy counsel; Reid
Collins & Tsai, LLP as special litigation counsel; and Lain,
Faulkner & Co., PC as accountant and financial advisor.


RAKKI LLC: Seeks to Hire The Lane Law Firm as Bankruptcy Counsel
----------------------------------------------------------------
Rakki LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Texas to employ The Lane Law Firm, PLLC as its
counsel.

The firm will render these legal services:

     (a) assist, advise, and represent the Debtor relative to the
administration of the Chapter 11 case;

     (b) assist, advise, and represent the Debtor in analyzing its
assets and liabilities, investigating the extent and validity of
lien and claims, and participating in and reviewing any proposed
asset sales or dispositions;

     (c) attend meetings and negotiate with the representatives of
the secured creditors;

     (d) assist the Debtor in the preparation, analysis, and
negotiation of any plan of reorganization and disclosure statement
accompanying any plan of reorganization;

     (e) take all necessary action to protect and preserve the
interests of the Debtor;

     (f) appear, as appropriate, before this court, the appellate
courts, and other courts in which matters may be heard and to
protect the interests of the Debtor before said courts and the
United States Trustee; and

     (g) perform all other necessary legal services in this case.

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

     Robert C. Lane, Partner                       $550
     Joshua D. Gordon, Partner                     $500
     Associate Attorneys                           $425
     Bankruptcy Paralegals/Legal Assistants $150 - $190

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

The firm received payments for its retainer on multiple dates from
July 10, 2023 through July 25, 2023 from the Debtor in the amount
of $16,984 for financial advice and representation of the Debtor.

Mr. Lane 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 C. Lane, Esq.
     Joshua D. Gordon, Esq.
     A. Zachary Casas, Esq.
     The Lane Law Firm, PLLC
     6200 Savoy, Suite 1150
     Houston, TX 77036
     Telephone: (713) 595-8200
     Facsimile: (713) 595-8201
     Email: notifications@lanelaw.com
            joshua.gordon@lanelaw.com
            zach.casas@lanelaw.com

                         About Rakki LLC

Rakki LLC sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. N.D. Texas Case No. 23-42227) on July 31, 2023. In the
petition signed by Viet Nguyen, managing member, the Debtor
disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge Mark X. Mullin oversees the case.

Robert C. Lane, Esq., at the Lane Law Firm, LLC represents the
Debtor as counsel.


RAPID METALS: Committee Gets OK to Tap Schafer & Weiner as Counsel
------------------------------------------------------------------
The official committee of unsecured creditors appointed in the
Chapter 11 case of Rapid Metals, LLC received approval from the
U.S. Bankruptcy Court for the Eastern District of Michigan to
employ Schafer and Weiner, PLLC as local counsel.

The firm will render these services:

     (a) serve as local counsel for the committee and assist its
lead counsel, Bernstein Burkley, PC;

     (b) provide the committee with legal advice concerning its
statutory powers and duties in connection with the Debtor's Chapter
11 case;

     (c) assist the committee in investigating the acts, conduct,
assets, liabilities, and financial condition and affairs of the
Debtor and the operation of its business;

     (d) participate in the formulation of any plan and analysis of
proposals by the Debtor or others;

     (e) advise and analyze any proposed disposition of assets of
the Debtor outside of a plan; and

     (f) perform such other legal services as may be reasonably
required on behalf of or requested by the committee to allow it to
appropriately perform its duties.

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

     Daniel J. Weiner            $590
     Howard M. Borin             $450
     Joseph K. Grekin            $450
     John J. Stockdale, Jr.      $430
     Kim K. Hillary              $385   
     Jeffery J. Sattler          $360
     Leon N. Mayer               $330
     Brandi M. Dobbs             $290
     Legal Assistant             $170
     Michael E. Baum, Of Counsel $615

Jeffery Sattler, Esq., an attorney at Schafer and Weiner, 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:
   
     Jeffery J. Sattler, Esq.
     Schafer and Weiner, PLLC
     40950 Woodward Ave., Suite 100
     Bloomfield Hills, MI 48304
     Telephone: (248)540-3340
     Email: jsattler@schaferandweiner.com

                      About Rapid Metals

Rapid Metals, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 23-46098) on July 12,
2023, with $10 million to $50 million in both assets and
liabilities. Judge Maria L. Oxholm oversees the case.

Charles D. Bullock, Esq., at Stevenson & Bullock, PLC is the
Debtor's legal counsel.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent the Debtor's unsecured creditors. The
committee tapped Bernstein-Burkley, PC as bankruptcy counsel and
Schafer and Weiner, PLLC as local counsel.


RAPID METALS: Wins Interim Cash Collateral Access
-------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Michigan,
Southern Division, Detroit, authorized Rapid Metals, LLC to use
cash collateral on a limited to pay the Payroll and Benefits
obligations in an aggregate amount not to exceed $55,007 as set
forth in the Budget.

The Order will remain in effect only until subsequent forms of the
order related to the Motion are entered and shall be without
prejudice to the rights of any party in interest to object to the
relief requested in the Motion.

As previously reported by the Troubled Company Reporter, before the
Petition Date, the Bank of America, National Association filed a
UCC-1 financing statement against certain of the Debtor's assets,
including its cash collateral and inventory. The Debtor anticipates
the Bank will assert a security interest in the Debtor's cash
collateral.

The Debtor further anticipates that the Bank will assert that its
security interest and liens have first priority over all other
security interests and liens asserted against the Debtor.

As adequate protection for any security interests that the Bank may
assert, the Debtor offered replacement liens in its personal
property, now owned or hereafter acquired and the proceeds and
products thereof to the same extent that such liens existed prior
to the Petition Date.

The Debtor proposed that the Bank be granted the Replacement Liens
as adequate protection to the extent of any diminution in value of
the pre-petition cash collateral. The Replacement Liens will be
liens on the Debtor's assets which are created, acquired, or arise
after the Petition Date, but limited to only those types and
descriptions of collateral in which the Bank held a pre-petition
lien or security interest. The Replacement Liens will have the same
priority and validity as the Bank's pre-petition security interests
and liens.

As additional adequate protection of the Bank's interests under
Section 361, 362, 363(e) of the Bankruptcy Code, the Debtor
proposed to pay, or cause to be paid, to the Bank all of its
obligations under the loan documents.

A copy of the Debtor's motion and budget is available at
https://urlcurt.com/u?l=RzifiQ from PacerMonitor.com.

                        About Rapid Metals

Rapid Metals, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 23-46098) on July 12,
2023, with $10 million to $50 million in both assets and
liabilities.

Judge Maria L. Oxholm oversees the case.

Charles D. Bullock, Esq., at Stevenson & Bullock, P.L.C. is the
Debtor's legal counsel.


RAPID P&P: Wins Interim Cash Collateral Access
----------------------------------------------
The U.S. Bankruptcy Court for the Western District of Arkansas,
Fayetteville Division, authorized Rapid P&P LLC to use cash
collateral on an interim basis until the confirmation of a
subsequently proposed Plan of Reorganization or Plan of
Liquidation, or until the case is converted to a case under Chapter
7 or is dismissed.

The Debtor owns certain personal property used in the operation of
its business with liens in favor of United Bank, Highland Capital,
and Breakout Capital. In addition to the personal property the
Debtor has given Lenders a lien in the Debtor's cash, accounts, and
accounts receivable.

The court said the Debtor will pay adequate protection for the use
of the cash collateral pursuant to the following formula:

The greater of $2,500 or 2% of gross receipts for the month prior
to the month of payment paid pro rata to those Lenders determined
to be fully secured pursuant to 11 U.S.C. Section 506.

The adequate protection payment will commence on or before August
21, 2023 and will continue monthly thereafter on or before the 21st
day of each succeeding calendar month until the confirmation of a
subsequently proposed Chapter 11 Plan, or until the case is
converted to a case under chapter 7 or is dismissed.

As additional adequate protection the Debtor will insure the
tangible personal property Collateral.

A copy of the order is available at https://urlcurt.com/u?l=AOaX3w
from PacerMonitor.com.

                          About Rapid P&P

Rapid P&P, LLC, doing business as Rapid Prototypes, is a
Bentonville-based packaging services company founded in 2003. It
builds corrugated packaging and display prototypes for retail
suppliers, which are abundant in Northwest Arkansas.

Rapid P&P filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. W.D. Ark. Case No. 23-70907) on June 30,
2023, with $3,097,943 in assets and $6,399,344 in liabilities.
Donald Brady, Esq., at Brady Law Firm has been appointed as
Subchapter V trustee.

Judge Bianca M. Rucker oversees the case.

Stanley V. Bond, Esq., at Bond Law Office is the Debtor's counsel.


RD HOLDCO: Ares Capital Marks $26M Loan at 55% Off
--------------------------------------------------
Ares Capital Corporation has marked its $26 million loan extended
to RD Holdco Inc to market at $11.7 million or 45% of the
outstanding amount, as of June 30, 2023, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a Second lien senior secured loan
to RD Holdco Inc. The loan matures in October 2026.  Ares Capital
classified the Loan as non-accrual as of June 30, 2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

RD Holdco Inc is a manufacturer and marketer of carpet cleaning
machines.



ROCKWOOD SERVICE: Moody's Affirms 'B2' CFR, Outlook Remains Stable
------------------------------------------------------------------
Moody's Investors Service affirmed Rockwood Service Corporation's
B2 corporate family rating, its B2-PD probability of default
rating, and the B2 rating on its senior secured bank credit
facility – including the senior secured revolving credit facility
and the senior secured term loan B. The rating outlook remains
stable.

"The affirmation reflects expectation for Rockwood's credit metrics
to remain commensurate with the rating even after taking into
account the planned dividend recapitalization", said Sandeep Sama,
Moody's Vice President – Senior Analyst and lead analyst for
Rockwood.

Affirmations:

Issuer: Rockwood Service Corporation

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Bank Credit Facility, Affirmed B2

Outlook Actions:

Issuer: Rockwood Service Corporation

Outlook, Remains Stable

RATINGS RATIONALE

Rockwood has demonstrated consistent revenue growth in recent
years, by relying on both organic and inorganic opportunities.
While margins were negatively impacted last year by rising input
cost inflation, Rockwood managed to implement price increases for
its customers, thereby restoring margins later in the year and also
so far in 2023. Even though Rockwood has relied on acquisitions for
growth, it maintains a good track record of integrating them. Pro
forma for the planned dividend recapitalization transaction,
Moody's expects Rockwood's credit metrics to remain commensurate
with the B2 rating, as the company had previously built some
cushion driven by consistent EBITDA growth and free cash flow
generation.

Rockwood's B2 CFR reflects its moderate financial leverage, ample
interest coverage, strong market position with only a few sizeable
competitors and the recurring nature of most of its revenues since
it provides safety critical, non-discretionary testing and
inspection services. The company believes it has the largest share
of the North American market for non-destructive testing which
evaluates industrial equipment to ensure asset integrity and to
comply with regulatory requirements. This is a safety critical
service that companies in the refining, petrochemical, pipeline,
power, paper & pulp and industrial sector regularly utilize to
increase the lifespan of equipment and to avoid costly downtime and
accidents. In addition, Rockwood provides nested crews working
full-time at customer sites that complete routine maintenance and
repair services and it also provides turnaround services. These
services are provided to a mostly blue-chip customer base and
generate relatively consistent revenue streams.

Rockwood's rating is constrained by its relatively small scale,
moderate customer concentration and the cyclicality of its end
markets. Rockwood will be impacted by weakness in the end markets
it serves even though it generates most of its revenues from
maintenance and testing services, since new project work will ebb
and customer spending on maintenance and testing could weaken in a
downturn. The company's acquisitive history and the likelihood it
will pursue additional deals in the future is also reflected in the
rating.

Rockwood is expected to maintain good liquidity and has no
meaningful debt maturities prior to the maturity date of its $75
million revolver in January 2025. Rockwood had $41 million of cash
at the end of March 2023, and $60 million of availability on its
revolver. The company should consistently produce positive free
cash flow since it has relatively low capital spending needs and a
highly variable cost structure. The credit agreement includes a
springing first lien leverage ratio covenant of 6.7x with no step
downs that is tested when outstanding borrowings exceed 35% of the
commitments. The company is expected to remain well in compliance
with this covenant.

The stable outlook presumes the company's operating results will
remain stable over the next 12 to 18 months and it will maintain
credit metrics that support its rating.

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

The rating could be upgraded if the company sustains its profit
margins, enhances its scale and end market diversity, reduces its
leverage below 4.0x and produces FFO/Debt of at least 15% on a
sustained basis. However, its relatively small scale will limit its
upside ratings potential.

Negative rating pressure could develop if the company has a weaker
than expected operating performance that results in a material
deterioration in its credit metrics. The leverage ratio rising
above 5.5x or the interest coverage ratio (EBITA/Interest)
persisting below 2.0x could lead to a downgrade. A significant
reduction in borrowing availability or liquidity could also result
in a downgrade.

Rockwood Service Corporation, headquartered in Houston, Texas,
provides non-destructive testing, rope access, drone and robotic
services, infrared inspection, calibration services, lab testing,
engineering and nested operations and maintenance crews to the
refining, chemical, petrochemical, pipeline, power, paper & pulp
and industrial sectors. The company produced revenues of about $965
million during the twelve months ended Mar 31, 2023. Funds
affiliated with American Securities are the majority owners of the
company.

The principal methodology used in these ratings was Construction
published in September 2021.


SABRE CORP: S&P Rates New $995MM Senior Secured Notes 'B-'
----------------------------------------------------------
S&P Global Ratings assigned its 'B-' issue-level rating and '4'
recovery rating to Sabre Corp.'s proposed $955 million senior
secured notes due 2027. The '4' recovery rating indicates its
expectation of average (30%-50%; rounded estimate: 35%) recovery in
the event of a payment default.

S&P views the proposed exchange as opportunistic, rather than
distressed, since it currently do not envision a conventional
payment default scenario should the transaction not occur.
Nonetheless, capital markets uncertainty and a longer business
travel recovery than we currently anticipate could pose a challenge
to Sabre should it need to refinance at a later point. Sabre will
need to substantially increase profits to outpace its high interest
rates to delever.

Sabre plans to use the proceeds from the proposed notes along with
cash to fund an exchange offer of its 9.250% senior secured notes
due April 2025 ($105 million outstanding) and its 7.375% senior
secured notes due September 2025 ($850 million outstanding). S&P
also notes that debtholders are receiving additional upfront cash
consideration and an increase in interest rate to compensate for
exchanging their notes for the new notes with a longer tenor. The
proposed notes will be pari passu with the existing senior secured
notes and offer most debtholders a slightly higher coupon rate at
8.625% compared with 9.250% and 7.375%, respectively. Furthermore,
the company will also use up to $129 million of cash from balance
sheet to primarily provide a premium to current debt trading
levels.

The proposed leverage-neutral transaction modestly improves the
company debt maturity profile, partially offset by higher interest
costs. S&P's 'B-' issuer credit rating and stable outlook on Sabre
are unchanged, reflecting our expectation that despite weak credit
measures, Sabre's business as a global distribution system provider
will continue to recover along with global travel volume growth.
Furthermore, the company will maintain sufficient liquidity for
operating needs as it improves its cash flow profile.

ISSUE RATINGS – RECOVERY ANALYSIS

Key Analytical Factors

-- S&P's simulated default scenario considers a default in 2025,
likely due to the combination of a significant disruption in the
global travel industry and an economic recession.

-- Sabre's capital structure comprises senior secured debt,
unsecured convertible notes (not rated), and senior secured PIK
term loan facility (not rated). Sabre GLBL Inc. is the borrower
under its senior secured credit facility and the issuer of the
proposed secured notes and unsecured exchangeable notes. The
company's secured debt is unconditionally guaranteed by Sabre
Holdings Corp., in addition to the borrower's other material
domestic U.S. subsidiaries.

-- The collateral for the company's secured debt comprises a
first-priority security interest in substantially all the assets of
the borrowers and guarantors.

Sabre Financial Borrower LLC is the borrower of the PIK term loan
facility maturing 2028, which is pari passu with the existing
secured notes with respect to domestic assets. S&P also understands
this facility to have a priority claim over the existing secured
debt from substantially all foreign subsidiaries up to $400
million.

Simulated default assumptions

-- Simulated year of default: 2025

-- Emergence EBITDA: About $425 million

-- EBITDA multiple: 6.5x

Simplified waterfall

-- Net enterprise value (after administrative costs and priority
claims): About $2.6 billion

-- Valuation split (obligors/nonobligors): 80%/20%

-- Senior secured debt: $4.6 billion

    --Recovery expectations: 50%-70% (rounded estimate: 35%)

-- Unsecured convertible note claims: About $340 million

    --Recovery expectations: Not applicable

All debt amounts include six months of prepetition interest.



SHO HOLDING I: Ares Capital Marks $124.9M Loan at 50% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $124.9 million loan
extended to SHO Holding I Corporation, Shoes For Crews (Europe)
Limited and Never Slip TopCo, Inc. to market at $62.4 million or
50% of the outstanding amount, as of June 30, 2023, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a Second lien senior secured loan
to SHO Holding I Corporation, Shoes For Crews (Europe) Limited and
Never Slip TopCo, Inc. The loan matures in October 2024.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

SHO Holding I Corp operates as a holding company. The Company,
through its subsidiaries, designs and manufactures athletic and
non-athletic footwear products.



SONICWALL HOLDINGS: S&P Affirms 'B-' ICR on Refinancing
-------------------------------------------------------
S&P Global Ratings affirmed its 'B-' issuer credit rating on
SonicWall Holdings Ltd. At the same time, S&P affirmed its 'B-'
issue-level rating on SonicWall's amended RCF and its 'CCC+'
issue-level rating on its second-lien term loan. S&P also assigned
its 'B-' issue-level rating to the $725 million first-lien term
loan with a '3' recovery rating. The recovery ratings remain '3' on
the RCF and '5' on the second-lien debt.

The stable outlook reflects S&P's expectations that SonicWall will
continue to increase its revenue and maintain adequate liquidity to
service debt and expand product capabilities.

S&P said, "We believe SonicWall will continue to increase its
revenue, albeit at a slower rate, in fiscal 2024 due to weakening
information technology (IT) spending amid macroeconomic
uncertainties. SonicWall provides network security and Unified
Threat Management (UTM) products primarily to small- to midsize
enterprises (SMEs). Its products cover solutions in network, cloud,
endpoint, and email security. Despites its limited scale and
financial resources compared with some of the larger competitors in
the space, including Cisco, Fortinet, Check Point Software, and
Palo Alto Networks, we believe SonicWall will continue to benefit
from market tailwinds in the cybersecurity market as demand remains
relatively resilient, driven by the continued shift toward remote
working, ongoing digitalization across the globe, and growing
awareness of the need for cybersecurity technologies due to the
explosion in the number of ransomware attacks. The company
increased its revenue by 8% year over year in fiscal 2023 as SMEs
continued to rely on UTM/integrated next-generation firewall
solutions, such as those offered by SonicWall. However, given the
more cautious IT spending environment due to macroeconomic
uncertainties, we expect the company will report a relatively
slower revenue growth in low-single-digit percent area in fiscal
2024. In addition, SonicWall's focus on SME customers could lead to
further deceleration in its revenue growth during periods of
increasing economic uncertainties.

SonicWall's management team has proven execution capabilities
following the company's stand-alone separation from Seahawk
Holdings. Ever since being carved out from Dell in 2016, along with
Quest Software and One Identity (together as Seahawk Holding Ltd.)
and then becoming a stand-alone organization with its own capital
structure in 2018, SonicWall has been successful in expanding its
product offerings, establishing its own distribution channel
partnerships, and increasing revenue with EBITDA margins
expansions. The company has completed its Generation 7 product
launch during fiscal 2023 and continued to release related
capabilities and features, as well as adding cloud-related
offerings (which are now accounting for about 16% of total revenue
and growing). The company has also improved its S&P Global
Rating-adjusted EBITDA to 26.5% in fiscal 2023, from about 15% in
fiscal 2019, when it was separated from Seahawk Holdings Ltd.

Although SonicWall's overall fundamentals are positive, its market
remains highly fragmented and competitive. The company may have to
spend incrementally on research and development (R&D) for product
innovations or be more aggressive in doing tuck-in acquisitions for
the technology to keep up with technological advancement among its
peers. Given its lack of history of doing tuck-in acquisitions, we
see there may be associated execution and integration risks.

S&P said, "The stable outlook on SonicWall reflects our expectation
that its updated product/marketing strategy will continued to
support solid revenue growth and improving EBITDA margins. This
will likely enable it to reduce its leverage closer to the low-7x
area over the next 12-24 months. We also believe the company has
adequate liquidity to fund its growth plans."

S&P could lower its rating on SonicWall if:

-- The company's performance suffered due to missteps in the
execution of its sales strategy or slowing demand growth, leading
to sustained high leverage or persistently negative cash flow; or

-- Its liquidity declined such that S&P no longer viewed its
sources as adequate to cover its uses.

SonicWall's significant leverage limits the prospects for an
upgrade over the next 12 months. However, over the longer term, S&P
could consider raising its rating if the company:

-- Demonstrated sustained revenue growth,

-- Expanded its EBITDA margins,

-- Maintained leverage of less than 7x (even with tuck-in
acquisitions), and

-- Increased its FOCF to debt above 5% or undertook accelerated
debt reduction.

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




SRPC PROPERTIES: Wins Cash Collateral Access on Final Basis
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Wyoming authorized
SRPC Properties, LLC to use cash collateral on an interim basis in
accordance with the budget, with a 15% variance.

As previously reported by the Troubled Company Reporter, the Debtor
owns four different investment properties, albeit one of the
properties is a single parcel of real estate upon which sits three
different, separate, housing units:

a. Cascade Property

     1. Community Loan Servicing, LLC holds a first lien/deed of
trust on this property  and is owed approximately $576,000. Because
the Debtor is not the primary obligor on this debt, the Debtor does
not have access to the underlying loan documents. Nonetheless, it
is presumed that Community Loan Servicing, LLC has been granted an
assignment of rents against the property.

     2. Jump and Shout, LLC, the primary obligor to Community Loan
Servicing, LLC, holds a second lien/deed of trust on this property
and is owed approximately $350,000. Jump and Shout has been granted
an assignment of rents against the property.

b. Corpus Christi Property

     1. Planet Home Lending is presumed to have a first lien/deed
of trust on the property located at 10638 Kingwood Dr, Corpus
Christi, TX 78410 and is owed $82,300. The Debtor has attempted to
confirm the status of this lien, but has been unable to obtain the
requisite documentation. The Debtor will treat Planet Home Lending
as a secured lender, with an assignment of rents against the
property, but reserves the right to treat its obligation
differently if documents demonstrate that Planet Home Lending is
not a secured lender.

     2. Winpro Funds, LLC has a first lien/deed of trust against
the properties located at 1645, 1649 and 1653 14th Street, Corpus
Christi, TX 78410 and is owed approximately $294,770. Winpro Funds,
LLC has been granted an assignment of rents against the property.

c. Pueblo Property

     1. Emerald Isle Lending Company has a first lien/deed of trust
against this property and is owed approximately $171,620. Emerald
Isle Lending Company has been granted an assignment of rents
against the property.

d. Accounts

     1. The Debtor has a commercial loan with Bankers Healthcare
Group, LLC, which lent the Debtor $224,995. The purpose of the loan
was for working capital in order for the Debtor to attempt to
restructure its debt with Jump and Shout, and enhance the value of
its properties through major improvements. Bankers has a UCC-1 and
its debt is secured by the Debtor's "Accounts" (including cash)
amongst other collateral. Bankers may have assigned its loan to
Peoples Bank.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=sdbkHZ from PacerMonitor.com.

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

     $145,886 for August 2023;
      $145,264 for September 2023; and
     $139,642 for October 2023.

                    About SRPC Properties, LLC

SRPC Properties, LLC is in the business of purchasing investment
properties.  The Debtor sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Wyo. Case No. 23-20180) on May 25,
2023. In the petition signed by Shirley Carson, member, the Debtor
disclosed $2,694,635 in assets and $1,725,437 in liabilities.

Judge Cathleen D. Parker oversees the case.

Bradley T. Hunsicker, Esq., at Markus Williams Young and Hunsicker,
represents the Debtor as legal counsel.


SSE BUYER: Ares Capital Marks $23.4M Loan at 65% Off
----------------------------------------------------
Ares Capital Corporation has marked its $23.4 million loan extended
to SSE Buyer, Inc., Supply Source Enterprises, Inc., Impact
Products LLC, The Safety Zone, LLC and SSE Parent, LP to market at
$8.2 million or 35% of the outstanding amount, as of June 30, 2023,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended June 30, 2023, recently filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a Second lien senior secured loan
to SSE Buyer, Inc., Supply Source Enterprises, Inc., Impact
Products LLC, The Safety Zone, LLC and SSE Parent, LP. The loan
matures in June 2026.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

SSE Buyer, Inc., Supply Source Enterprises, Inc., Impact Products
LLC, The Safety Zone, LLC and SSE Parent, LP are manufacturers and
distributors of personal protection equipment, commercial cleaning,
maintenance and safety products. 



SUMMIT SPRINGS: Unsecureds to be Paid in Full over 12 Months
------------------------------------------------------------
Summit Springs Holdings LLC filed with the U.S. Bankruptcy Court
for the Northern District of Georgia a Disclosure Statement
describing Chapter 11 Plan dated August 1, 2023.

In 2019, Edgeline LLC acquired .6 acres of land located at 208
Sandy Springs Place, Sandy Sprigs, GA 30319 ("Property"). In 2022,
the Debtor was formed to acquire the Property from Edgeline LLC and
build 21 townhomes on the property.

The Debtor is owned by Edgeline LLC (68%) and Legacy Hills, LLC
(32%). Debtor obtained a construction loan; however, they ran into
delays. Prior the bankruptcy case is being filed, the grading and
part of storm water system, sewer system and retaining wall were
completed.

On May 1, 2023, the Debtor filed the present bankruptcy case to
prevent the foreclosure, refinance the debt and pay its creditors.

As a result of the Debtor not having any income, Edgeline LLC and
its principals, Eric McConaghy and Brandon Woods, have been funding
the project since the bankruptcy. If necessary, they will provide
an equity injection to fulfill the terms of the plan.

Class 3 consists of General Unsecured Claims. The timely filed,
allowed claims of general, undisputed, liquidated, unsecured,
non-priority creditors will be paid in full, plus interest at 5%
within 12 months from the effective date. The amount paid to
holders in this Class will satisfy their claims in full. This Class
is unimpaired. The allowed unsecured claims total $210,030.86.

Class 4 consists of Unsecured Disputed and/or un-liquidated claims
for which no proof of claim was filed. These creditors will be paid
0% of the claims.

Shareholders will retain their equity interests.

Debtor intends to refinance the loan and finish the construction
project in order to pay all its creditors.

A full-text copy of the Disclosure Statement dated August 1, 2023
is available at https://urlcurt.com/u?l=deJRfb from
PacerMonitor.com at no charge.

Attorneys for Debtor:

     Ian M. Falcone, Esq.
     Falcone Law Firm, P.C.
     363 Lawrence Street
     Marietta, GA 30060
     Tel: (770) 426-9359
     Email: Imffalconefirm.com

                      Summit Springs Holdings

Summit Springs Holdings, LLC owns six acres of to-be-developed 21
townhome units located at 208 Sandy Springs Place, Sandy Springs,
Ga., The properties are valued at $4.4 million.

Summit Springs Holdings filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
23-54043) on May 1, 2023, with $4,470,000 in assets and $2,623,041
in liabilities. Eric McConaghy, manager, signed the petition.

Ian M. Falcone, Esq., at The Falcone Law Firm, P.C. represents the
Debtor as counsel.


SVP SINGER: Ares Capital Marks $44M Loan at 25% Off
---------------------------------------------------
Ares Capital Corporation has marked its $44.2 million loan extended
to SVP-Singer Holdings Inc. and SVP-Singer Holdings LP to market at
$33.2 million or 75% of the outstanding amount, as of June 30,
2023, according to a disclosure contained in Ares Capital's Form
10-Q for the quarterly period ended June 30, 2023, recently filed
with the Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to SVP-Singer Holdings Inc. and SVP-Singer Holdings LP. The loan
matures in July 2028.

Ares Capital classified the Loan as non-accrual as of June 30,
2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Headquartered in Nashville, Tenn., SVP-Singer Holdings Inc.,
through its subsidiaries, manufactures and distributes consumer
sewing machines and accessories under the Singer, Husqvarna Viking,
and Pfaff brands. Since the 2021 leverage buyout transaction, the
company is majority owned by Platinum Equity Partners.



TACALA INVESTMENT: Moody's Affirms B3 CFR, Outlook Remains Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed Tacala Investment Corp.'s B3
corporate family rating and B3-PD probability of default rating. At
the same time, Moody's also affirmed the company's upsized first
lien term loan and upsized first lien revolving credit facility at
B2 as well as the senior secured second lien term loan at Caa2. The
outlook is stable.

Proceeds from the proposed $85 million fungible add-on 1st lien
term loan along with $65 million of cash from the balance sheet
will be used to fund a $140 million cash dividend to shareholders
and to pay approximately $10 million in related fees and expenses.
Following the transaction, the company will have approximately $557
million outstanding on the senior secured first lien term loan
maturing February 2027 (from $472 million outstanding) and $160
million outstanding on the senior secured second lien term loan
maturing February 2028. The senior secured revolving credit
facility expiring February 2025 will increase to $55 million from
$30 million. Ratings are subject to the execution of the proposed
transaction and Moody's receipt and review of final documentation.

The affirmation reflects governance considerations particularly in
Tacala's financial strategy. While leverage will increase due to
the debt-funded dividend, Tacala has a history of refraining from
any further dividends before leverage has been reduced such that it
is in-line with the B3 CFR. The B3 CFR affirmation also reflects
Tacala's brand strength as a Taco Bell franchisee and Moody's
expectation that EBITDA will grow through positive same-store sales
and new restaurant developments. Growth is expected to be
underpinned by resilient traffic patterns, continued pricing
increases, and further operational efficiencies and labor
productivity. Following the transaction, Moody's adjusted debt to
EBITDA for the twelve-month period ending June 13, 2023, will
increase to about 6.8x from 6.3x.

The stable outlook reflects Moody's expectation for continued
strong operating performance, EBITDA improvement and improved
credit metrics, with leverage expected to fall to the 6.0x level
over the next 12-18 months. Moody's also expects the company will
maintain at least its current adequate liquidity, which includes
$23 million in cash and a $55 million revolving credit facility (at
transaction close), and will continue to fund growth capital
expenditures through cash flow.

Affirmations:

Issuer: Tacala Investment Corp.

Corporate Family Rating, Affirmed B3

Probability of Default Rating, Affirmed B3-PD

Senior Secured 1st Lien Term Loan, Affirmed B2

Senior Secured 1st Lien Revolving Credit Facility, Affirmed B2

Senior Secured 2nd Lien Term Loan, Affirmed Caa2

Outlook Actions:

Issuer: Tacala Investment Corp.

Outlook, Remains Stable

RATINGS RATIONALE

Tacala's credit profile is constrained by governance concerns
related to private equity ownership, including aggressive financial
policies marked by persistently high leverage and a history of
debt-funded shareholder distributions. Other constraints include
the company's modest scale in terms of revenue and restaurant
count, some geographic concentration in Texas and the Southern US,
and lingering tail risk from a difficult labor environment and
commodity inflation. As of June 13, 2023, Tacala had 350
restaurants and $652 million in LTM revenue. Positive credit
consideration is given to the company's strong brand awareness as a
franchisee of Taco Bells driving a history of positive same store
sales and EBITDA growth, while the company continues to grow its
restaurant base through development and acquisition. Tacala also
benefits from a large proportion of off-premise / drive-thru
revenue and good operational efficiencies that support the
company's strong EBITDA margins.

Tacala's liquidity is adequate and includes $23 million of cash on
hand, positive free cash flow before the shareholder distribution,
but only minimal availability of $7 million on its $55 million
revolver after $48 million in outstanding letters of credit. In
total, liquidity is sufficient for the company's 12 month cash
needs and the company has no maturities before the 2025 revolver
expiration. Moody's expects the company to prioritize growth
initiatives over absolute debt repayment.

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

The ratings could be downgraded if operating performance weakens or
credit metrics fail to meet the ratings threshold, including
debt/EBITDA sustained above 6.75x or EBIT/interest sustained below
1.25x. A downgrade could also occur should liquidity not be
maintained at least at current levels.

The ratings could be upgraded if the company pursues a more
balanced financial policy and sustainably improves credit metrics.
Quantitative metrics would include debt/EBITDA sustained below
5.5x, EBIT/interest near 1.75x, as well as good liquidity.

Headquartered in Vestavia Hills, Alabama, Tacala owns and operates
about 350 franchised restaurants in Texas and the Southeastern US.
Revenue for the last twelve months ended June 13, 2023, was
approximately $652 million. Tacala is majority owned by Altamont
Capital Partners.

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


TEGRA118 WEALTH: S&P Downgrades ICR to 'CCC+', Outlook Negative
---------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating and first-lien
credit facility rating on Tegra118 Wealth Solutions Inc. to 'CCC+'
from 'B-'.

The negative outlook reflects the potential for a ratings downgrade
if S&P believes a default scenario within the next 12 months is
likely due to ongoing cash flow deficits and a lack of financial
support from Tegra118's owners, Clearlake Capital Group, L.P. and
Motive Partners.

Tegra118 will require immediate external liquidity support to fund
its affiliate entities' revolver maturity and their ongoing cash
flow deficits. Despite solid operating performance at Tegra118
Wealth Solutions Inc., with solid revenue growth and free operating
cash flow conversion, S&P expects the company's liquidity will be
exhausted if it does not raise external capital. This is because of
its significant affiliate entity cash transfers, and the affiliate
entities' impending $15 million revolver maturity in September
2023. As of March 31, 2023, total liquidity had declined to $19.5
million, from over $50 million in early 2022 because Tegra118's
affiliate entities generated cash flow deficits of more than $70
million in the trailing 12-month period. These deficits have
increased sequentially over the past two quarters and have vastly
exceeded S&P's previous expectations. As a result, the company is
vulnerable and dependent on support from investors to meet its
commitments.

S&P said, "We expect Tegra118 will secure sufficient external
capital to avert a near-term payment default; however, we view its
debt capitalization as unsustainable. We believe a financial
sponsor capital infusion is likely because we forecast the size of
any infusion required to bridge the company's liquidity will be
small relative to the owners initial equity investment." In
combination with the stable performance of the core Tegra118 Wealth
Solutions Inc. business, this supports our expectation the company
will successfully raise financing from its financial sponsors to
meet its obligations in the third-quarter of 2023 and avoid a
payment default on the $15 million affiliate entity revolver
maturing September 2023.

S&P said, "That said, we believe the affiliate entities will
continue to generate negative cash flow over the next 12 months.
This is driven by persistent integration and other cost overruns.
Our rating downgrade reflects our expectation these entities will
continue to rely on Tegra118 Wealth Solutions Inc. to finance
operations well into 2024 rendering Tegra118 Wealth Solutions
Inc.'s debt capitalization unsustainable. The company now expects
to achieve breakeven cash flow performance at the affiliate
entities by late 2024 supported by the implementation of
significant cost reductions that focus mainly on eliminating
headcount expenses. These initiatives could limit affiliate entity
cash outflows by late 2024 with successful execution, but our
assessment reflects the potential impact of these reductions on
revenue growth longer term. We view favorably the track record and
experience of Tegra118's new managerial appointments, which
supports our expectation for strong achievement against the
outlined cost savings over time.

"The negative outlook reflects the potential for a downgrade if we
believe a default scenario within the next 12 months is likely due
to ongoing cash flow deficits and a lack of financial support from
Tegra118's owners, Clearlake Capital Group, L.P. and Motive
Partners.

"Governance is a moderately negative consideration for Tegra118, as
it is for most rated entities owned by private-equity sponsors. We
believe the company's highly leveraged financial risk profile
points to corporate decision-making that prioritizes the interests
of the controlling owners. This also reflects private-equity
sponsors' generally finite holding periods and focus on maximizing
shareholder returns."



TESSEMAE'S LLC: Democracy Says Disclosure Inadequate
----------------------------------------------------
Democracy Capital Corporation filed an objection to the Disclosure
Statement to Accompany Plan of Liquidation Under Chapter 11 of the
Bankruptcy Code Proposed by Tessemae's LLC.

On Feb. 9, 2023, Debtor filed a Complaint commencing Adversary Case
No. 23-00039 in an attempt to disallow Democracy's claims.  On
March 16, 2023, 2023, Democracy filed a Motion to Dismiss all
counts of the Complaint in the Adversary Proceeding.

On May 23, 2023, Democracy timely filed Proof of Claim No. 67 in
the amount of $16,233,760.77, plus accruing interest, fees, and
costs, and an Omnibus Proof of Claim No. 68 reserving its rights,
among other things, to vote and file claims in this bankruptcy case
under its various subordination agreements with various creditors
of the Debtor.

Democracy says the Disclosure Statement is inadequate and defective
because it fails to disclose: (a) all available hard assets and
their value; (b) insider relationships and their impact on what
appears to be discriminatory and improper preferential treatment to
insiders with potentially avoidable claims under the Plan; (c) all
known claims and causes of action which may be pursued including
the names of proposed defendants; (d) who will be appointed as Plan
Administrator and the criteria for such appointment; (e) the cost
and source of post-confirmation litigation expenses; (f) the
consequences to creditors and any alternative treatment if no sale
of substantially all of the assets as proposed under the Plan is
consummated; and (g) who will constitute "Released Parties," an
undefined term under the Plan.   In sum, the Disclosure Statement
is conspicuously lacking in candor on key disclosures and its
approval should be denied.

Attorneys for Democracy Capital Corporation:

     Joyce A. Kuhns, Esq.
     OFFIT KURMAN, P.A.
     1954 Greenspring Drive, Suite 605    
     Timonium, MD 21093
     Tel: (410) 209-6463
     E-mail: jkuhns@offitkurman.com

                      About Tessemae's LLC

Tessemae's, LLC is a flavor-forward food company that makes
clean-label, organic salad dressing. The company is based in
Baltimore, Md.

Tessemae's sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 23-10675) on Feb. 1, 2023.
In the petition signed by its chief strategy officer, Demian Costa,
the Debtor disclosed up to $10 million in assets and up to $50
million in liabilities.

The Debtor tapped Gary H. Leibowitz, Esq., at Cole Schotz, PC as
legal counsel; Aurora Management Partners, Inc. as financial
advisor; and B. Riley Securities, Inc. as investment banker.

DIP lenders Tesse Fund I, LLC, MCDJR-Tesse, LLC and PMCDTESSE, LLC,
are represented by Richard L. Costella, Esq., at Tydings &
Rosenberg, LLP.


TESSEMAE'S LLC: UST Says Disclosure Omits Relevant Information
--------------------------------------------------------------
The Acting United States Trustee for Region Four, which includes
the District of Maryland, Baltimore Division, in furtherance of the
administrative responsibilities imposed pursuant to 28 U.S.C.
Section 586(a), objects to the approval of Tessemae's LLC's
Disclosure Statement.

The United States Trustee points out that the Disclosure Statement
Omits Relevant Information about Debtor in Possession's Pre- and
Post-Petition Transfers to Insiders:

   * The Proposed Disclosure Statement omits all mention of this
transfer. The Proposed Disclosure Statement does not mention
Alta-Tesse or Pemberton Farms in any capacity.

   * The Proposed Disclosure Statement fails to disclose the fact
that Alta-Tesse is owned either directly by one of the principals
of the Debtor, Gregory Vetter, or via Pemberton Farms, which is in
turn owned by one or more of principals of the Debtor, specifically
Gregory Vetter, Brian Vetter, and Matthew Vetter (the "Vetter
Brothers").

   * The Proposed Disclosure Statement discusses the transition
from Debtor manufacturing to the use of a co-packager, and does
identify SVB as the co-packaging contractor. The Disclosure
Statement does not, however, disclose the fact that Gregory Vetter
is a partial owner of SVB.

   * Nor does the Proposed Disclosure Statement disclose that SVB
is currently holding property of the Debtor, which the Debtor
scheduled as having a total value of $553,949.48, and is, according
to the Debtor, using that property in the manufacture of the
Debtor's product lines.

United States Trustee further points out that the Disclosure
Statement Omits Relevant Information about Liquidation of Debtor's
Business Assets:

    * The Proposed Disclosure Statement omits information relevant
to the liquidation analysis of the Debtor's assets in three areas:
treatment of the DIP Lender's claim, identification and valuation
of avoidance claims, and the schedule of the proposed liquidation
of estate assets.

    * The Debtor's liquidation analysis asserts that the value of
all avoidance actions and estate litigation is between $100,000 and
$200,000 under the terms of the Proposed Plan, and values the same
avoidance actions and estate litigation at half that amount,
$50,000-$100,000, in a Chapter 7 liquidation.

   * The Proposed Disclosure Statement is silent on what method the
Debtor used to determine the value of such claims. The Proposed
Disclosure Statement omits any explanation as to why an avoidance
action or estate litigation would be worth only half as much to a
Chapter 7 Trustee as it would to a Debtor-in-Possession in Chapter
11.

   * The schedule of sale milestones included in the Disclosure
Statement does not reflect the current schedule and may mislead
creditors into believing that the Debtor has made more progress in
the sale process than is actually the case.

The United States Trustee further asserts that the Plan described
by the Disclosure Statement is Not Confirmable:

    * The Debtor has the power to keep pushing the sale milestone
deadlines into the future without limit. Neither the Proposed Plan
nor the Proposed Disclosure Statement identify a date by which the
sale process as described in the Order Approving Bidding Procedures
must actually be completed, which, if not met, would be followed by
dismissal of this bankruptcy case or conversion to a case under
Chapter 7 of the Bankruptcy Code. Absent this information, Debtor
proposes only that creditors should wait and see if an undefined
period of marketing of the Debtor's assets might eventually yield a
bid, for some undetermined amount, which might yield a
distribution.

    * By permitting the release of liens held by parties who have
not received either actual notice (evidenced by their filing of
claim in the instant bankruptcy proceeding) or constructive notice
(by scheduling of such creditors' claims, and the associated
service to their last known addresses), this Proposed Order acts to
release the Debtor from its obligation to parties who have not had
an opportunity to participate in the bankruptcy proceeding, and
incentivizes the Debtor to avoid a full scheduling of their debts.


   * The Proposed Plan improperly grants the Plan Administrator
power to pursue or settle causes of action on behalf of the
bankruptcy estate without further review by this Court.

                      About Tessemae's LLC

Tessemae's, LLC is a flavor-forward food company that makes
clean-label, organic salad dressing.  The company is based in
Baltimore, Md.

Tessemae's sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Md. Case No. 23-10675) on Feb. 1, 2023.
In the petition signed by its chief strategy officer, Demian Costa,
the Debtor disclosed up to $10 million in assets and up to $50
million in liabilities.

The Debtor tapped Gary H. Leibowitz, Esq., at Cole Schotz, PC as
legal counsel; Aurora Management Partners, Inc. as financial
advisor; and B. Riley Securities, Inc. as investment banker.

DIP lenders Tesse Fund I, LLC, MCDJR-Tesse, LLC and PMCDTESSE, LLC,
are represented by Richard L. Costella, Esq., at Tydings &
Rosenberg, LLP.


THREE ARROWS: Co-Founder Says Bankruptcy Court Can't Sanction Him
-----------------------------------------------------------------
James Nani of Bloomberg Law reports that Three Arrows Capital's
co-founder is challenging attempts by liquidators of the failed
crypto hedge fund to fine him in bankruptcy court, saying he's not
subject to the court's jurisdiction because he's not a US citizen.

Foreign liquidators for Three Arrows, also known as 3AC, last month
asked a judge to fine Kyle Davies $10,000 per day because he's
refused to cooperate with their investigation into last year's
collapse of the firm.

                    About Three Arrows Capital

Three Arrows Capital Ltd. was an investment firm engaged in
short-term opportunities trading, and is heavily invested in
cryptocurrency, funded through borrowings.  As of April 2022, the
Debtor was reported to have over $3 billion of assets under its
management.

Three Arrows Capital Ltd. was incorporated as a business company
under the laws of the British Virgin Islands.  Its sole shareholder
owning all of its "management shares" is Three Arrows Capital Pte.
Ltd., which previously operated as a regulated fund manager in
Singapore until 2021, when it shifted its domicile to the BVI, as
part of a global corporate plan to relocate operations to Dubai.  

The Debtor borrowed digital and fiat currency from multiple lenders
to fund its cryptocurrency investments. After cryptocurrency lost
99% of its value, and then prices of other cryptocurrencies had
rapid declines, the Debtor reportedly defaulted on its
obligations.

On June 24, 2022, one of the Debtor's many creditors -- DRB Panama
Inc. -- filed an application to appoint joint provisional
liquidators -- and thereafter, full Liquidators -- in the Eastern
Caribbean Supreme Court in the High Court of Justice (Commercial
Division) located in BVI. The application was assigned claim number
VIHCOM2022/0117.

Subsequently, on June 27, 2022, the Debtor filed its own
application for the appointment of joint liquidators before the BVI
Commercial Court.

On June 29, 2022, the Honorable Mr. Justice Jack of the BVI
Commercial Court appointed Russell Crumpler and Christopher Farmer
of Teneo (BVI) Limited as joint liquidators of Three Arrows Capital
Ltd.


TM EXPRESS: Case Summary & Seven Unsecured Creditors
----------------------------------------------------
Debtor: TM Express, Inc.
        P.O. Box 2133
        Grapevine, TX 76099

Chapter 11 Petition Date: August 7, 2023

Court: United States Bankruptcy Court
       Northern District of Texas

Case No.: 23-42338

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS
                  12270 Coit Road
                  Suite 850
                  Dallas, TX 75251
                  Tel: 972-991-5591
                  Fax: 972-991-5788
                  Email: eric@ealpc.com

Total Assets: $0

Total Liabilities: $1,367,000

The petition was signed by Gene Pilgrim, Jr., as president.

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

https://www.pacermonitor.com/view/DNRGO5Y/TM_Express_Inc__txnbke-23-42338__0001.0.pdf?mcid=tGE4TAMA


TRONOX FINANCE: Moody's Rates $300MM Incremental Term Loan 'Ba2'
----------------------------------------------------------------
Moody's Investors Service has assigned a Ba2 rating to the proposed
$300 million incremental term loan by Tronox Finance LLC. The terms
and conditions of the incremental term loan are similar to the
existing senior secured term loans. Tronox Holdings Plc's
("Tronox") Ba3 Corporate Family Rating and stable outlook remain
unchanged.

The proceeds of the $300 million incremental term loan will be used
to reduce Tronox's outstanding revolving credit facilities and for
general corporate purposes.

Assignments:

Issuer: Tronox Finance LLC

Backed Senior Secured Term Loan, Assigned Ba2 (LGD2)

RATINGS RATIONALE

The incremental term loan issuance will be net debt neutral and
slightly increase the company's gross debt metrics, which Moody's
expects will be close to five times by the end of 2023, versus 3.2x
at the end of 2022. Such increase in debt leverage mainly reflects
the trough business conditions in the TiO2 sector over the last
several quarters and continued soft demand in Q3 2023. Moody's
expects the company's rolling 12 months EBITDA will bottom out in
Q3 and begin to improve from Q4 2023.

Tronox's rating has factored in its exposure to the cyclical TiO2
sector with credit metrics temporarily sliding outside the rating
boundaries. The company's debt repayment over the last several
years, strong market position with industry-leading profit margins
and continued business reinvestment to ensure cost advantage are
supporting factors for its ratings despite weaker credit metrics
during the recent downturn.

The company is one of the world's largest producers of titanium
dioxide (TiO2) and has maintained cost advantages versus peers
thanks to its 85% feedstock integration. It continues to benefit
from the elevated TiO2 pricing, despite weak demand, due to modest
investments in TiO2 feedstocks in the industry over the last
several years. Management has recently announced cost reduction,
working capital rationalization and lower capital expenditures to
counter earnings weakness.

The $300 million incremental term loan will free up Tronox's
revolving credit facilities and increase its liquidity from $447
million at the end of June, 2023 to nearly $750 million. Strong
liquidity helps buffer against the downturn and allows the company
to make incremental investments to replace existing mines, which
otherwise would deplete over time.

Tronox's credit profile is constrained by its heavy exposure to the
cyclical TiO2 industry, high fixed cost base and operating risks
associated with its titanium-bearing sands mines and TiO2
processing facilities. Tronox's cost reduction measures and capital
projects are crucial to its cost competitiveness and market
leadership in the TiO2 industry. Such undertakings are important
for Tronox to replenish the depleting deposits at its existing
mines and secure long-term cost-advantaged supply of TiO2
feedstocks.

ESG considerations have a moderately negative impact on the
company's rating. Governance risk is moderately negative but the
company has a good recent track record of lowering debt and
adhering to balance sheet targets and financial policies that
support the current ratings. Waste & Pollution and Water Management
issues add to the company's ESG-related credit risks.

The stable outlook reflects the company's ability to generate free
cash flow and maintain good liquidity through cost reduction and
managing its capital projects, as well as Moody's expectation that
its earnings can support credit metrics in line with the Ba3 rating
over time.

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

Reducing gross debt to $2.0 billion and improving cost position
could support a higher rating. An upgrade would also be considered
if expectations are for positive margins and free cash flow in the
next trough, continued favorable trends and realization in
acquisition benefits, and confidence that the company will maintain
strong available liquidity.

Moody's would consider a downgrade if expectations or actual
results show substantive fundamental weakening resulting in
negative free cash flow anytime over the industry cycle. Moody's
would also consider a downgrade if the company fails to sustain its
cost competitiveness, adjusted financial leverage spikes to 5.0x,
or available liquidity falls below $300 million.

Tronox Holdings Plc ("Tronox") is one of the world's largest
producers of titanium dioxide (TiO2) and is the most backward
integrated among the leading western pigment producers into the
production of titanium ore feedstocks. It also co-produces zircon,
pig iron and other products. The company operates nine pigment
plants and eight mineral sands facilities globally. Tronox's
revenues were roughly $3.5 billion for the twelve months ended
December 31, 2022.

The principal methodology used in this rating was Chemicals
published in June 2022.


TRONOX HOLDINGS: S&P Alters Outlook to Stable, Affirms 'B+' ICR
---------------------------------------------------------------
S&P Global Ratings revised the outlook to stable from positive on
Tronox Holdings PLC, a producer of titanium dioxide and byproduct
zircon.

S&P said, "We also affirmed our ratings, including the 'B+' issuer
rating on the company, and assigned our 'BB' issue-level rating and
'1' recovery rating to a proposed $300 million incremental term
loan.

"The stable outlook reflects our expectation that a demand downturn
in the company's markets is temporary and operating performance
will improve, albeit gradually. Credit metrics and liquidity will
remain appropriate for the ratings with funds from operations (FFO)
to total debt of 12%-20% under current downturn conditions.

"Our rating actions reflect our view that credit metrics are
appropriate for the rating. A slowdown in demand peaked around late
2022, caused partly by destocking, and reversed a trend of
strengthening credit metrics. Recovery from this slowdown has been
very gradual. As such, we no longer expect Tronox's credit metrics
to strengthen to levels we consider strong for the current ratings,
nor is there at least a one in three chance that we will upgrade
the ratings in the next 12 months."

Tronox has benefitted from its vertical integration. The company's
operating performance in 2023 has been more resilient than many of
its competitors. Kronos Worldwide Inc., Venator Materials PLC, and
The Chemours Co. have all experienced a decline in their titanium
dioxide EBITDA by a greater percentage than Tronox, which benefits
from a higher degree of vertical integration and from greater scale
than most. The company produces the ores used to produce its key
product, titanium dioxide. This is especially beneficial when ore
availability declines and ore costs for nonintegrated titanium
dioxide producers are high. However, this level of vertical
integration could be less of a strength during a downturn when the
fixed costs of maintaining ore mines could add to total costs.

The company has a strong record of debt paydown and supportive
financial policy. The company paid down a significant amount of
debt in 2021 and has articulated a financial policy that supports
its reduced debt levels. S&P said, "We consider this a credit
positive. We don't anticipate a further meaningful reduction of
debt. However, we expect the company will undertake growth
initiatives and shareholder rewards without raising debt from
current levels."

Tronox's products remain cyclical. As such, they are susceptible to
earnings volatility. The company has taken steps to mitigate
cyclicality in earnings, including the institution of customer
contracts, some with pricing features that support earnings
stability. S&P said, "Currently, we do not see a threat of excess
supply derailing the still-favorable pricing for the company's
products. However, we believe that in the long run, earnings will
remain susceptible to demand or pricing shocks."

S&P said, "Our base case assumes that, despite some potential for
improvement, credit metrics will remain appropriate for the ratings
after considering the potential earnings volatility. We expect FFO
to total debt of 12%-20% under midcycle conditions and above 20%
during an upswing. We continue to view the sector as cyclical and
do not expect favorable market conditions or an FFO to debt above
20% sustained through the cycle. We do not anticipate any
meaningful changes to debt levels in our ratings. We also do not
anticipate significant acquisitions. Our base case assumes a
gradual improvement in demand from weak levels in the first quarter
of 2023.

"We could lower our rating on Tronox over the next 12 months if we
expect weighted-average debt to EBITDA to approach 4x or FFO to
total debt to approach 12% under current economic conditions. This
could occur if we believe sales and earnings will weaken because of
unforeseen disruptions to the market.

"We could also lower rating if the company pursues more aggressive
financial policies than we assume in our ratings. This includes
increases in debt that result in weakening credit metrics.

"For an upgrade in the next 12 months, we would expect a
weighted-average FFO to total debt sustained above 30% after
considering potential cyclical downturns. This could occur if
margins improve above our expectations, which would generate
sufficient earnings to account for potential volatility."



TUPPERWARE BRANDS: Delays 10-Q Filing for Period Ended July 1
-------------------------------------------------------------
Tupperware Brands Corporation filed a Form 12b-25 with the
Securities and Exchange Commission with respect to its inability to
file its Quarterly Report on Form 10-Q for the quarter ended July
1, 2023 by the prescribed due date.

The Company said, "Due to the time and effort required to complete
the consolidated financial statements for the Annual Report on Form
10-K for the fiscal year ended December 31, 2022 and the Quarterly
Report on Form 10-Q for the quarter ended April 1, 2023, the
Company will be unable, without unreasonable effort or expense, to
complete and file the Q2 Form 10-Q within the prescribed time
period.  As previously disclosed on its Form 8-K on April 7, 2023,
the Company is continuing its restatement of previously issued
financial statements and the financial statement close process for
the year ended December 31, 2022.  Since the Form 8-K filing, the
Company has identified additional prior period misstatements and
additional material weaknesses in internal control over financial
reporting. Such Form 8-K also disclosed the Company's conclusion
that there is substantial doubt about its ability to continue as a
going concern. The Company is endeavoring to complete its financial
close process and file its Q1 Form 10-Q as promptly as possible
after filing the Form 10-K.  The Company intends to file its Q2
Form 10-Q as promptly as possible after filing the Q1 Form 10-Q."

                  About Tupperware Brands Corporation

Tupperware Brands Corporation (NYSE: TUP) -- Tupperwarebrands.com
-- is a global consumer products company that designs innovative,
functional and environmentally responsible products that people
love and trust.  Founded in 1946, Tupperware's signature container
created the modern food storage category that revolutionized the
way the world stores, serves and prepares food.  Today, this iconic
brand has more than 8,500 functional design and utility patents for
solution-oriented kitchen and home products.  With a purpose to
nurture a better future, Tupperware products are an alternative to
single-use items.  The company distributes its products into nearly
70 countries, primarily through independent representatives around
the world.

On June 1, 2023, Tupperware Brands received a notice from the New
York Stock Exchange indicating the Company is not in compliance
with Sections 802.01B and Section 802.01C of the NYSE Listed
Company Manual because (i) the Company's average global market
capitalization over a consecutive 30 trading-day period was less
than $50 million and, at the same time, its last reported
stockholders' equity was less than $50 million, and (ii) the
average closing price of the Company's common stock was less than
$1.00 over a consecutive 30 trading-day period.  The Notice has no
immediate effect on the listing of the Company's common stock.  The
Company reported its anticipated receipt of notice of these
deficiencies in its Current Report on Form 8-K dated May 30, 2023.


TUPPERWARE BRANDS: Finalizes Debt Restructuring Deal With Lenders
-----------------------------------------------------------------
Tupperware Brands Corporation announced that it has finalized an
agreement with its lenders to restructure its existing debt
obligations, improving the Company's overall financial position by
amending certain credit obligations and extending the maturity of
certain debt facilities to allow it to continue with its turnaround
efforts.

This agreement is a comprehensive restructuring and reallocation of
the Company's debt and provides for, among other things:

   * The reduction or reallocation of approximately $150 million of
cash interest and fees,

   * The extension of the stated maturity of approximately $348
million of principal and reallocated interest and fees to fiscal
year 2027 with PIK interest,

   * The reduction of amortization payments required to be paid
through fiscal year 2025 by approximately $55 million, and

   * Immediate access to revolving borrowing capacity of
approximately $21 million.

"I am confident that this agreement provides us with the financial
flexibility to continue executing on our near-term turnaround
efforts as well as our long-term strategy to create a global
omni-channel consumer brand.  We are committed to making ongoing
progress in improving liquidity and strengthening our capital
structure.  We appreciate the support of our lenders, who share in
our strategy, as we move forward," said Mariela Matute, chief
financial officer of Tupperware Brands Corporation.

Advisors

Tupperware's advisors on the debt restructuring agreement include
Kirkland & Ellis LLP as legal counsel, Alvarez & Marsal as
restructuring advisors, and Moelis & Company as financial
advisors.

                  About Tupperware Brands Corporation

Tupperware Brands Corporation (NYSE: TUP) -- Tupperwarebrands.com
-- is a global consumer products company that designs innovative,
functional and environmentally responsible products that people
love and trust.  Founded in 1946, Tupperware's signature container
created the modern food storage category that revolutionized the
way the world stores, serves and prepares food.  Today, this iconic
brand has more than 8,500 functional design and utility patents for
solution-oriented kitchen and home products.  With a purpose to
nurture a better future, Tupperware products are an alternative to
single-use items.  The company distributes its products into nearly
70 countries, primarily through independent representatives around
the world.

On June 1, 2023, Tupperware Brands received a notice from the New
York Stock Exchange indicating the Company is not in compliance
with Sections 802.01B and Section 802.01C of the NYSE Listed
Company Manual because (i) the Company's average global market
capitalization over a consecutive 30 trading-day period was less
than $50 million and, at the same time, its last reported
stockholders' equity was less than $50 million, and (ii) the
average closing price of the Company's common stock was less than
$1.00 over a consecutive 30 trading-day period.  The Notice has no
immediate effect on the listing of the Company's common stock.  The
Company reported its anticipated receipt of notice of these
deficiencies in its Current Report on Form 8-K dated May 30, 2023.


UNITY ELECTRICAL: Wins Interim Cash Collateral Access
-----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, authorized Unity Electrical Services, LLC to use
cash collateral on an interim basis in accordance with the budget.

Simply Funding and U.S. Small Business Administration assert an
interest in the Debtor’s receivables and cash through filed UCC-1
Financing Statements.

As adequate protection, the Secured Parties are granted replacement
liens encumbering all property of the Debtor's estate, including
all property and accounts receivable, acquired or generated by the
Debtor after the Petition Date to the same extent, validity, and
priority to which its liens attached prior to the Petition Date.
The Replacement Liens will be deemed automatically valid and
perfected with such priority as provided in the Order without any
further notice or act by any party that may otherwise be required
under any other law.

The Debtor is directed to maintain insurance on all tangible assets
of the estate and will provide written evidence of same to the IRS
and the United States Trustee, no later than August 31, 2023.

A further hearing on the matter is set for August 18 at 10:30 a.m.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=OKo2vx from PacerMonitor.com.

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

     $120,457 for September 2023;
     $119,714 for October 2023;
     $119,714 for November 2023; and
     $119,714 for December 2023.

               About Unity Electrical Services, LLC

Unity Electrical Services, LLC is a one-stop solution for
electrical needs in Cypress, Woodlands, Tomball and Houston area.
The Debtor provides a full list of services for residential and
commercial applications.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-32844) on July 28,
2023.

In the petition signed by Andrea Clara, managing member, the Debtor
disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge Jeffrey P. Norman oversees the case.

Susan Tran Adams, Esq., at Tran Singh, LLP, represents the Debtor
as legal counsel.


UPTOWN 240: Sept. 12 Deadline for Qualified Bids Set
----------------------------------------------------
Hilco Real Estate, LLC on Aug. 2, 2023, announced the qualified bid
deadline of September 12, 2023, for the bankruptcy sale of this
highly-anticipated multifamily development located in the heart of
downtown Dillon, Colorado, just minutes from four world-class ski
resorts.

Known as Uptown 240, this partially completed development offers
the potential for 80 luxury condominiums with gorgeous views of
Lake Dillon and the Rocky Mountains. Situated within the most
desirable area of Dillon, this site offers future residents a
superb living experience with easy access to quaint community
amenities, awe-inspiring natural beauty, outdoor recreational
activities and world-class ski resorts. This centralized location
makes it an ideal destination for residents seeking an active
lifestyle and access to year-round leisure activities. With its
prime location, robust market demand and exceptional quality of
life, this development presents a strategic opportunity for those
developers and investors seeking to capitalize on the thriving real
estate market.

The building will ultimately feature parking and retail on its
first two levels, while the upper four levels will consist of
high-end residential units boasting both water and mountain views.
The units will feature open floor plans ranging from 574 SF to
1,427 SF in size, sophisticated finishes with upgraded counters in
the kitchens and baths, as well as private balconies for enjoying
the spectacular Colorado landscape. The current architecture plans
capture the casual vibe of mountain living combined with chic
modern design and authentic local notes, setting the new standard
of quality for high-country residences. Building amenities will
include an oversized hot tub, two fire pit lounge areas, exercise
room, locker rooms, expansive outdoor community courtyard,
available storage space for skis, snowboards and bikes, on-site
restaurants and so much more.

Located at the eastern edge of Summit County, Dillon serves as a
gateway to Colorado's most popular tourist areas, including
Breckenridge, Keystone, Arapahoe Basin, Copper Mountain, Vail and
Beaver Creek. The town is the logical choice for lodging
accommodations with its strategic position at the intersection of
Interstate 70 and State Highway 9 (SH9), each of which offer easy
transportation to countless destinations throughout Colorado. Given
its convenient location, Dillon experiences a high influx of skiers
passing through during Colorado's 140-day winter tourist season,
making it one of the state's most visited communities. In addition
to winter activities, Dillon attracts tourists throughout all
seasons. Visitors are drawn to the area's scenic lakes, forests and
outdoor activities, including golfing, camping, hiking, fishing,
kayaking, paddleboarding and sailing. In addition to endless things
to do, the adjacent National Forest provides yet another year-round
playground for various recreational pursuits.

Steve Madura, senior vice president at Hilco Real Estate, stated,
"Set in one of the strongest resort markets in the nation, this
project represents an opportunity to benefit from the strong
population growth and market appreciation that Colorado has
experienced in recent years by completing the existing development
plans and implementing an aggressive sales strategy to efficiently
sell out the residential units. In a very literal sense, the
foundation has been laid for investors and developers to take
advantage of the tremendous upside potential offered by Uptown
240."

Terry Rochford senior vice president of business development at
Hilco Real Estate stated, "This property could not be better
located to take advantage of the city's constant influx of
snowbirds and sun seekers flocking to the area year-round for its
proximity to endless outdoor activities. Whether the proposed plan
is seen through, or the site is totally reimagined, this area
should see continued demand and desirability for the foreseeable
future."

Rochford continued, "The site was recently appraised "As-Is" at
$30,000,000. We see the bankruptcy sale as an opportunity to
acquire this property at an aggressive price, pick up construction
right where the last developer left off, and move forward towards
completion and sell-off."

The sale is being conducted by Order of the U.S. Bankruptcy Court
District of Colorado (Denver) Petition No. 23-10617-TBM, In re:
UPTOWN 240 LLC. The qualified bid deadline is scheduled for
September 12, 2023. Bids must be delivered to the offices of Hilco
Real Estate on or before 6:00 p.m. (CT) on the day of the deadline
to be considered. Interested buyers should review the detailed sale
terms for requirements in order to participate in the sale process
available on Hilco's website.

For more information regarding the sale process, please contact
Steve Madura at (847) 504-2478 or smadura@hilcoglobal.com or
Michael Kneifel at (847) 201-2322 or mkneifel@hilcoglobal.com.

For further information on the properties, an explanation of the
sale process or to obtain access to property due diligence
documents, please visit HilcoRealEstate.com or call (855)
755-2300.

                  About Hilco Real Estate

Hilco Real Estate ("HRE"), a Hilco Global company
(HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA).
HRE is a national provider of strategic real estate disposition
services. Acting as an agent or principal, HRE uses its experience
to advise and execute strategies to assist clients in deriving the
maximum value from their real estate assets. By leveraging
multi-faceted sales strategies and techniques, aggressive
repositioning and restructuring experience, a vast and motivated
network of buyers and sellers, and substantial access to capital,
HRE exceeds expectations even in the most complex transactions.

                        About Uptown 240

Uptown 240, LLC owns and operates a condominium complex in Dillon,
Colo.  The residences are an exclusive collection of 80-luxury
mountain and lakeview condominiums.

Uptown 240 filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 23-10617) on Feb.
23, 2023, with $10 million to $50 million in both assets and
liabilities.  Danilo A. Ottoborgo, president of Uptown 240, signed
the petition.

Judge Thomas B. Mcnamara presides over the case.

The Debtor tapped Keri L. Riley, Esq., at Kutner Brinen Dickey
Riley, PC, as legal counsel and Eide Bailly, LLP as accountant.

On April 21, 2023, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in the Chapter 11 case.
Onsager Fletcher Johnson Palmer, LLC, serves as the committee's
counsel.


UPTOWN 240: Sept. 12, 2023 Bid Deadline for Dillon Property Set
---------------------------------------------------------------
Hilco Real Estate, LLC, announced the qualified bid deadline of
Sept. 12, 2023, for the bankruptcy sale of this highly-anticipated
multifamily development located in the heart of downtown Dillon,
Colorado, just minutes from four world-class ski resorts.

The sale is being conducted by Order of the U.S. Bankruptcy Court
District of Colorado (Denver) Petition No. 23-10617-TBM, In re:
Uptown 240 LLC.  The qualified bid deadline is scheduled for Sept.
12, 2023.  Bids must be delivered to the offices of Hilco Real
Estate on or before 6:00 p.m. (CT) on the day of the deadline to be
considered.

For more information regarding the sale process, please contact
Steve Madura at (847) 504-2478 or smadura@hilcoglobal.com or
Michael Kneifel at (847) 201-2322 or mkneifel@hilcoglobal.com.

For further information on the properties, an explanation of the
sale process or to obtain access to property due diligence
documents, please visit HilcoRealEstate.com or call (855)
755-2300.

                        About Uptown 240

Uptown 240, LLC owns and operates a condominium complex in Dillon,
Colo. The residences are an exclusive collection of 80 luxury
mountain and lakeview condominiums.

Uptown 240 filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D. Colo. Case No. 23-10617) on Feb.
23, 2023, with $10 million to $50 million in both assets and
liabilities. Danilo A. Ottoborgo, president of Uptown 240, signed
the petition.

Judge Thomas B. Mcnamara presides over the case.

The Debtor tapped Keri L. Riley, Esq., at Kutner Brinen Dickey
Riley, PC as legal counsel and Eide Bailly, LLP as accountant.

On April 21, 2023, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors in this Chapter 11 case.
Onsager Fletcher Johnson Palmer, LLC serves as the committee's
counsel.


VANTAGE TRAVEL: Appointment of Customers' Committee Sought
----------------------------------------------------------
Annette Woolf, a creditor of Vantage Travel Service, Inc., filed a
motion with the U.S. Bankruptcy Court for the District of
Massachusetts seeking the appointment of an official committee
consisting of the company's customers in the Chapter 11 case.

The committee, if appointed, will represent the interests of
customers who have provided $108 million of deposit money to
Vantage Travel Service, according to Ms. Woolf's attorney, Peter
Haley, Esq., at Nelson Mullins Riley & Scarborough, LLP.

Mr. Haley argued a separate committee is necessary to assure
"adequate" representation of customers who are the "largest single
group of creditors" in the company's bankruptcy case.

"As a group, the consumer class represents the largest cohort of
claims in this case," Mr. Haley said, pointing out that the company
used $80.3 million in customer deposits to fund its pre-bankruptcy
operations.

Mr. Haley also argued the interests of customers and the interests
of trade creditors are different in this case and they merit
separate representation.

"Consumer creditors, given the comparative paucity of their
resources as a general matter, likely have no way to secure that
representation except through participation on a committee focused
on the greatest recovery for customers," the attorney said.

Mr. Haley, on behalf of Ms. Woolf, previously sent a correspondence
to the U.S. Trustee for Region 1 to seek the appointment of a
customers' committee. Other than an acknowledgement of receipt, no
response had been received from the Office of the U.S. Trustee.  

Mr. Haley can be reached at:

     Peter J. Haley, Esq.
     Nelson Mullins Riley & Scarborough, LLP
     One Financial Center, Suite 3500
     Boston, MA 02111
     Tel: (617) 217-4714
     Fax: (617) 217-4750
     Email: peter.haley@nelsonmullins.com

                   About Vantage Travel Service

Vantage Travel Service, Inc. is a travel agency providing deluxe
international tours. Its travel offerings include trips on river
and ocean-going vessels owned by affiliated, non-debtor entities,
as well as river, ocean-going and land-based tours booked with
third-party operators. The agency is based in Boston, Mass.

Vantage Travel Service sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 23-11060) on June
29, 2023, with $1 million to $10 million in assets and $100 million
to $500 million in liabilities. Gregory DelGreco signed the
petition as the authorized officer.

Judge Janet E. Bostwick oversees the case.

The Debtor tapped Michael J. Goldberg, Esq., at Casner & Edwards,
LLP as legal counsel and Argus Management Corporation as financial
advisor. Stretto, Inc. is the Debtor's claims and noticing agent
and administrative advisor.


VANTAGE TRAVEL: U.S. Trustee Appoints Creditors' Committee
----------------------------------------------------------
The U.S. Trustee for Region 1 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Vantage
Travel Service, Inc.

The committee members are:

     1. Anglo-Eastern Leisure Management, S.A.

     2. Paul G. Quinn

     3. Harold C. Pritchett, Jr.

     4. Carla E. Craig

     5. Joseph W. Wilson
  
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 Vantage Travel Service

Vantage Travel Service, Inc. is a travel agency providing deluxe
international tours. Its travel offerings include trips on river
and ocean-going vessels owned by affiliated, non-debtor entities,
as well as river, ocean-going and land-based tours booked with
third-party operators. The agency is based in Boston, Mass.

Vantage Travel Service sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Mass. Case No. 23-11060) on June
29, 2023, with $1 million to $10 million in assets and $100 million
to $500 million in liabilities. Gregory DelGreco signed the
petition as the authorized officer.

Judge Janet E. Bostwick oversees the case.

The Debtor tapped Michael J. Goldberg, Esq., at Casner & Edwards,
LLP as legal counsel and Argus Management Corporation as financial
advisor. Stretto, Inc. is the Debtor's claims and noticing agent
and administrative advisor.


VIVO TECHNOLOGIES: Has Deal on Cash Collateral Access
-----------------------------------------------------
Vivo Technologies, LLC asks the U.S. Bankruptcy Court for the
District of Arizona for authority to use cash collateral in
accordance with its agreement with Arizona Bank & Trust, a division
of HTLF Bank.

The parties agreed that the Debtor may use cash collateral in the
ordinary course of business to pay the expenses categorized in the
Cash Flow budget through October 9, 2023, with a 10% variance.

The Debtor is further authorized to pay any expenses necessary to
maintain liability insurance.

To the extent there is a diminution in the value of the Lender's
interest in the cash collateral, the Lender is granted a first
priority perfected replacement lien in all post-petition collateral
of the Debtor that are or would be collateral under the Loan
Documents, which Replacement Lien is valid, binding, enforceable
and fully perfected as of the Petition Date without the necessity
of the execution, filing or recording by the Debtor or the Lender
of security agreements, pledge agreements, financing statements, or
other agreements, and will be equivalent to a lien granted under 11
U.S.C. Section 364(c).

To the extent the Replacement Lien does not adequately protect the
diminution in the value of the Lender's interest in the Collateral
from the Petition Date, the Lender is granted an allowed
administrative claim under 11 U.S.C. Section 507(b) with respect to
all Adequate Protection obligations, with the allowed amount to be
determined upon Order of the Court. The Administrative Claim will
be payable from and have recourse to all pre-petition and
post-petition property of the Debtor and all proceeds thereof. If
those property interests are insufficient to satisfy the
Administrative Claim then the Administrative Claim will be
satisfied on a pro rata basis with all other allowed administrative
expenses claims of the estate from the proceeds of the Debtor's
Chapter 5 avoidance actions.

As additional adequate protection, the Debtor will  continue to pay
$10,093 each month to the Lender beginning in May 2023. Beginning
on August 6, 2023, the Monthly Adequate Protection Payment will be
due on the 6th day of each month. In the event Lender is determined
to be oversecured, the adequate protection payments will be applied
against accrued post-petition interest and other amounts awarded as
part of Lender's Allowed Claim; otherwise, the adequate protection
payments will be applied towards a reduction of principal.

A copy of the stipulated motion is available at
https://urlcurt.com/u?l=w1FrK1 from PacerMonitor.com.

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

                   About Vivo Technologies, LLC

Vivo Technologies, LLC is a modern and holistic unified
communications and collaboration (UCC) solutions provider.  Vivo
has evolved the process for designing, deploying, and supporting
UCC solutions.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Ariz. Case No. 23-02964) on May 5, 2023.
In the petition signed by Spencer Jones, manager, the Debtor
disclosed up to $10 million in both assets and liabilities.

M. Preston Gardner, Esq., at Davis Miles McGuire Gardner, PLLC,
represents the Debtor as legal counsel.


VT TOPCO: Fitch Gives First Time 'B' LongTerm IDR, Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has assigned a first-time Long-Term Issuer Default
Rating (IDR) of 'B' to VT Topco, Inc. (Veritext; dba as Veritext
Legal Solutions). The Rating Outlook is Stable. Fitch also assigned
a first-time 'B+'/'RR3' rating to Veritext's proposed first lien
senior secured USD720 million term loan, first lien senior secured
USD125 million revolving credit facility and USD720 million of
first lien senior secured notes.

Veritext's IDR reflects the company's scale and leading position in
the relatively niche and fragmented court reporting industry. The
ratings also reflect the company's ability to grow its revenue
organically and through acquisitions and its diversified customer
base. Veritext's private equity ownership will likely prioritize
growth and ROE optimization over debt reduction. As a result, the
ratings anticipate leverage to be maintained close to current
levels.

KEY RATING DRIVERS

Leverage Forecast of 5.0x-5.5x: Fitch forecasts Veritext's EBITDA
leverage in the 5.0x-5.5x range as the company uses FCF to fund its
inorganic growth strategy. Fitch assumes that any excess cash flow
beyond acquisitions will likely prioritize shareholder returns
rather than deleveraging. Shareholders contributed USD132 million
of capital to partially fund USD223 million of acquisitions in
March 2023. The remaining amount was funded with debt and cash on
balance sheet.

Large Player in Highly Fragmented Industry: Veritext's scale as the
largest court reporting firm and its national presence, brand
recognition, technology capabilities and breadth of services
relative to thousands of local competitors should position it well
to continue to consolidate its highly fragmented market. Although
barriers to entry into the market are low, scale and technology
capabilities should provide benefits for servicing customers.
Veritext has a revenue share of 16%, and there are only four other
firms that compete at the national level.

Diversified Customer Base: Veritext's diverse customer base of more
than 37,000 clients should minimize idiosyncratic risks associated
to a single customer and result in lower revenue volatility. The
company's top 25 clients represent 11% of total revenue and no
customer represents more than 3% of revenue. Service contracts are
not widely used in the industry. The company estimates its client
retention rate at 98% (based on clients who have over 50k of
business since 2021) and pricing risk is mitigated mainly because
court reporting services represent a small percentage of overall
litigation costs.

Managing Revenue Mix Crucial: Veritext's organic revenue grew 8%
per year over the last four years. The company has also increased
remote depositions and digital reporting services, both of which
are more profitable than traditional in-person depositions,
resulting in higher profitability. Fitch believes that the use of
remote services will be sustained to some degree. Managing the
evolving mix could be crucial to the rating, as a decline in
profitability would leave the company more exposed because its debt
increased substantially since 2019.

High-Single-Digit Positive FCF: Fitch projects Veritext's
pre-dividend FCF margin to be in the high-single digit range in
2024 and 2025 similar to recent history. Various transaction costs
should result in margins in the mid-low single-digits for 2023.
Underlying these assumptions is capex intensity in the 1.5%-2.0% of
revenue range with approximately 50% of that amount attributed to
maintenance capex.

DERIVATION SUMMARY

Veritext is the largest court reporting firm in terms of revenue
and one of a handful of firms competing at the national level. It
has a large and diversified customer base with no meaningful
customer concentration. Financial metrics of national peers are
unknown as they are private. Veritext's revenue scale is lower when
compared with the median of a subset of business services and
technology companies rated by Fitch in the 'B' category, while its
EBITDA is close to in line as Veritext is more profitable. Leverage
against this subset is broadly in line at around 5.5x.

KEY ASSUMPTIONS

Base Case Assumptions

-- Revenue grows upward of 20% in 2023 and in the low double
digits in 2024 mainly due to the integration of recent
acquisitions;

-- Adjusted EBITDA margins remain relatively stable at 33%;

-- Acquisitions of around USD50 million per year;

-- Capex remains stable at 1.5%-2.0% of revenue;

-- Excess cash flow after acquisitions returned to shareholders.

Recovery Rating Assumptions

-- The recovery analysis assumes that Veritext would be recognized
as a going concern in bankruptcy rather than liquidated;

-- Fitch assumed a 10% administrative claim;

-- Fitch also assumed the revolving facility to be fully drawn.

Going-Concern (GC) Approach

-- A bankruptcy scenario could occur if Veritext faced some
combination of intense competitive price pressure, cost pressures
or change in mix that reduce margins to a point that it becomes
difficult for the company to service its obligations and continue
to execute its business plan. In such scenario, Fitch assumes
Veritext's GC EBITDA to fall below USD200 million;

-- The GC EBITDA estimate reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which Fitch bases the
enterprise valuation;

-- An EV multiple of 5.5x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The choice of
this multiple considers industry M&A transactions, transactions and
trading multiples of comparable industries and historical
bankruptcy case study exit multiples for Technology companies;

-- The recovery analysis results in a 'B+'/'RR3' issue and
recovery ratings for Veritext secured debt, implying recoveries in
the 51%-70% range.

RATING SENSITIVITIES

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

-- Sustaining EBITDA leverage solidly below 5.0x;

-- (Cash flow from operations [CFO]-capex)/debt with sustaining
near 7.5%;

-- Sufficient financial flexibility for the company to pursue
strategic actions without significant deviation in credit metrics.

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

-- Expectations of EBITDA leverage sustaining above 6.0x due to
operational underperformance or capital allocation policy;

-- EBITDA/interest coverage sustaining below 2x;

-- (CFO-capex)/debt ratio sustaining below 5%;

-- Sustained EBITDA margin below 30%;

-- Erosion in revenue retention rates resulting in revenue decline

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: At the close of the transaction Fitch expects
Veritext to present adequate liquidity supported by positive FCF
expectations, cash of around USD40 million and no meaningful
maturities in the near term. Veritext expects to have USD125
million under an undrawn senior secured revolver as part of the
transaction.

All Debt will Rank Equally: Proceeds from the transaction will be
used to refinance all of Veritext's outstanding debt. Pro forma for
the transaction the company will have USD720 million in a senior
seven-year 1%/year amortizing secured term loan B, USD720 million
of seven-year senior secured notes and the untapped five-year
senior secured revolver.

ISSUER PROFILE

Veritext operates as a court reporting firm providing transcripts
of testimony from depositions, arbitrations and other events
principally to the legal profession throughout the United States
and Canada.

ESG CONSIDERATIONS

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.


WAFRA CAPITAL: Secured Creditor Sets Auction for Sept. 9
--------------------------------------------------------
Jones Lang LaSalle Americas Inc., on behalf of 111 Wall Grand
Avenue Partners LLC, offers for sale at public auction on Sept. 9,
2023, at 10:00 a.m. New York Time through virtual attendance
technology to be provided at a later date and at the offices of
Willkie, Farr & Gallagher LLP, 787 Seventh Avenue, New York, New
York 10019, in connection with a Uniform Commercial Code sale, 100%
of the limited liability company membership interests in 111 Wall
Fee Holdco LLC, which is the holder of 100% of the limited
liability company membership interests in 111 Wall Fee Holdings
LLC, which is the sole owner of the property located at 111 Wall
Street, New York, New York 10005 ("property").

The interests are owned by 111 Wall Sub 5 LLC having its principal
place of business at c/o Wafra Capital Partners Inc., 350 Park
Avenue, 16th Floor, New York, New York 10022 ("Debtor").

The secured party, as the administrative agent, and certain other
lenders made a loan to the Debtor.  In connection with the
mezzanine loan, the Debtor has granted to the secured party a first
priority lien on the interests pursuant to that certain pledged and
security agreement, dated as of June 10, 2021, by and between the
Debtor and the secured party.  The secured party is offering the
interests for sale in connection with the foreclosure on the
pledged of such interests.  The mezzanine loan is subordinate to a
mortgage loan and other obligations and liabilities of the mortgage
borrower or otherwise affecting the property, which senior loan is
also secured by a pledge by mortgage borrower Holdco of its
membership interests in mortgage borrower.

All bids other than credit bids of the secured party must be for
cash and the successful bidder must be prepared to deliver
immediately available good funds within 24 hours after the sale and
otherwise comply with bidding requirements.  Further information
concerning the interests, the requirements for obtaining
information and bidding on the interests and the terms of sale can
be found at https://www.111WallStUCCSale.com/

Jones Lang LaSalle can be reached at:

   Brett Rosenberg
   Jones Lang LaSalle Americas Inc.
   Tel: +1 212-812-5926
   Email: brett.rosenberg@am.jll.com


WELLPATH HOLDINGS: Ares Capital Marks $33.4M Loan at 26% Off
------------------------------------------------------------
Ares Capital Corporation has marked its $33.4 million loan extended
to Wellpath Holdings, Inc to market at $24.6 million or 74% of the
outstanding amount, as of June 30, 2023, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First lien senior secured loan
to Wellpath Holdings, Inc. The loan accrues interest at a rate of
10.98% (LIBOR (Q) + 5.50%) per annum. The loan matures in October
2025.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Wellpath, headquartered in Nashville, Tennessee, provides medical,
dental, and behavioral health services to patients in local
detention facilities, federal and state prisons and behavioral
healthcare facilities. Wellpath is privately owned by H.I.G.
Capital.



WELLPATH HOLDINGS: Ares Capital Marks $4.1M Loan at 27% Off
-----------------------------------------------------------
Ares Capital Corporation has marked its $4.1 million loan extended
to Wellpath Holdings, Inc to market at $3 million or 73% of the
outstanding amount, as of June 30, 2023, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended June 30, 2023, recently filed with the Securities and
Exchange Commission.

Ares Capital is a participant in a First lien senior secured
revolving loan to Wellpath Holdings, Inc. The loan accrues interest
at a rate of 10.66% (LIBOR (M) + 5.50%) per annum. The loan matures
in October 2023.

Ares Capital is a specialty finance company that is a closed-end,
non-diversified management investment company incorporated in
Maryland. Ares Capital has elected to be regulated as a business
development company (BDC) under the Investment Company Act of 1940,
as amended. Ares Capital has elected to be treated as a regulated
investment company (RIC) under the Internal Revenue Code of 1986,
as amended, and operates in a manner so as to qualify for the tax
treatment applicable to RICs.

Wellpath Holdings, headquartered in Nashville, Tennessee, provides
medical, dental, and behavioral health services to patients in
local detention facilities, federal and state prisons and
behavioral healthcare facilities. Wellpath is privately owned by
H.I.G. Capital.



WILDCAT MET: Gets OK to Hire Larry Morhous as Mediator
------------------------------------------------------
Wildcat Met Mining, Inc. received approval from the U.S. Bankruptcy
Court for the Southern District of West Virginia to employ Larry
Morhous, a retired attorney, to serve as mediator among the
company, TCH Construction, LLC and Met Mining Inc.

Mr. Morhous worked for Brewster Morhous, PLLC, a law firm in
Bluefield, W.Va., for 47 years before retiring in 2019.

Mr. Morhous will be compensated at $200 per hour for his services
as mediator.

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

Mr. Morhous can be reached at:

     Larry Morhous
     2424 Mountain View Avenue
     Bluefeld, WV 24701
     Tel: (304) 320-1674
     Email: Imorhous47@gmail.com

                     About Wildcat Met Mining

Wildcat Met Mining, Inc., a company in Princeton, W.Va., filed its
voluntary petition for Chapter 11 protection (Bankr. S.D. W.Va.
Case No. 22-10080) on Dec. 3, 2022, with $4 million in total assets
and $415,000 in total liabilities. James Trent, president of
Wildcat Met Mining, signed the petition.

Judge B. Mckay Mignault oversees the case.

Joseph W. Caldwell, Esq., at Caldwell & Riffee, PLLC and Lorie
Smith Meadows, PLLC serve as the Debtor's legal counsel and
accountant, respectively.


WILLIAMSBURG BOUTIQUE: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Williamsburg Boutique LLC
        165 Haines Road
        Bedford Hills, NY 10507

Business Description: The Debtor is a Single Asset Real Estate
                     (as defined in 11 U.S.C. Section 101(51B)).
                      The Debtor owns real property located at
                      80 Ainslie Street, Brooklyn, NY valued at
                      $15.7 million.

Chapter 11 Petition Date: August 7, 2023

Court: United States Bankruptcy Court
       Southern District of Texas

Case No.: 23-22587

Judge: Hon. Sean H. Lane

Debtor's Counsel: Jonathan S. Pasternak, Esq.
                  DAVIDOFF HUTCHER & CIRTON LLP
                  605 Third Avenue
                  34th Floor
                  New York, NY 10158
                  Tel: 212-557-7200
                  Fax: 212 286 1884

Total Assets: $15,700,000

Total Liabilities: $18,227,723

The petition was signed by Juda Klein as manager.

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

https://www.pacermonitor.com/view/IUBNOSI/Williamsburg_Boutique_LLC__nysbke-23-22587__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                           Nature of Claim   Claim Amount

1. AGM Deco Inc.                    Mechanics' Lien       $120,000
714-25 Myrtle Ave
Brooklyn, NY 11205

2. Best Mechanical                  Mechanics' Lien       $176,320
Serices, Inc.
5308 13th Ave
Brooklyn, NY 11219

3. Buro Ehring                                             $23,250
Engineering
233 Broadway, Ste.
1770
New York, NY 10279

4. CMS Mechanical Inc.              Mechanics' Lien       $177,580
381 South 5th St.
Suite 102
Brooklyn, NY 11211

5. Congregation Bnai Jacob               Loan           $2,000,000
7926 Algon Avenue
Philadelphia, PA 19111

6. Contact Electric                                        $49,953
1266 36th Street
Brooklyn, NY 11218

7. Core Scaffolding                Mechanics' Lien        $149,558
Systems Inc.
417 Myrtel Avenue,
Ste. 14
Brooklyn, NY 11205

8. Cosan Construction                                      $46,000
734 S. Columbus Avenue
Mount Vernon, NY 10550

9. DXA Studio                                              $24,240
Architecture PLLC
894 6th Avenue, 5th Fl.
New York, NY 10001

10. Endeavor Construction                                 $315,154
236 Broadway
Brooklyn, NY 11211

11. Fleet Design                                           $33,058
50 Taaffe Place
Brooklyn, NY 11205

12. Knightwall Systems             Mechanics' Lien         $27,885
2401 East 6th Street
Deer Park, WA 99006

13. KNS Building Restoration       Mechanics' Lien        $169,400
69-81 75th Street
Middle Village, NY
11379

14. Nordic Structures                                     $157,048
Windsor Station
1100 Av Des
Canadiens-de-Montreal
Montreal QC H3B
2S2
Canada

15. Oxford Framers Corp.           Mechanics' Lien        $118,432
183 Wilson Street,
Ste. 235
Brooklyn, NY 11211

16. Parkview Management Inc.                              $119,010
236 Broadway, Suite 200
Brooklyn, NY 11211

17. Quality Facility Solutions     Mechanics' Lien         $66,631
75 Taafe Place
Brooklyn, NY 11205

18. Sight Watch                                            $27,753
130 Lee Avenue,
Ste. 400
Brooklyn, NY 11211

19. TAKTL                          Mechanics' Lien         $78,108
175 Varick Street
New York, NY 10014

20. U-Tek Elevator Inc.            Mechanics' Lien         $76,600
29 Imlay Street
Brooklyn, NY 11231


YELLOW CORP: Expects Nasdaq Delisting Following Bankruptcy
----------------------------------------------------------
Yellow Corporation and certain of its direct and indirect
subsidiaries filed voluntary petitions for relief under Chapter 11
of the U.S. Bankruptcy Code in the United States Bankruptcy Court
for the District of Delaware on August 6 for the Company's planned
operational wind-down.

The Company expects to receive a notice from The Nasdaq Stock
Market that the Common Stock, $0.01 par value per share, of the
Company no longer meets the eligibility requirements necessary for
listing pursuant to Nasdaq Listing Rule 5110(b) as a result of the
Chapter 11 Cases. If the Company receives such notice, the Company
does not intend to appeal Nasdaq's determination and, therefore, it
is expected that its Common Stock will be delisted. The delisting
of the Common Stock would not affect the Company's post-petition
status and does not presently change its reporting requirements
under the rules of the Securities and Exchange Commission.

Yellow Corp said the Chapter 11 filing constitutes an event of
default that accelerated the Company's obligations under these debt
instruments and agreements:

     * Amended and Restated Credit Agreement, dated as of September
11, 2019, as amended, by and among the Company, certain of the
Company's subsidiaries party thereto from time to time, the lenders
party thereto from time to time and Alter Domus Products Corp., as
administrative agent and collateral agent;

     * Loan and Security Agreement, dated as of February 13, 2014,
as amended, among the Company, as administrative borrower, the
other borrowers named therein, the guarantors party thereto from
time to time, certain financial institutions from time to time
party thereto as lenders, and Citizens Business Capital, a division
of Citizens Asset Finance, Inc. (a subsidiary of Citizens Bank,
N.A.), as agent, and Citizens Bank, N.A. and PNC Capital Markets
LLC, as joint lead arrangers and joint bookrunners;

     * UST Tranche A Term Loan Credit Agreement, dated as of July
7, 2020, by and among the Company (formerly known as YRC Worldwide
Inc.), the guarantors party thereto from time to time and The Bank
of New York Mellon, as administrative agent and as collateral
agent; and

     * UST Tranche B Term Loan Credit Agreement, dated as of July
7, 2020, by and among the Company (formerly known as YRC Worldwide
Inc.), the guarantors party thereto from time to time and The Bank
of New York Mellon, as administrative agent and as collateral
agent.

The Debt Instruments provide that, as of the filing of the Chapter
11 Cases, the unpaid principal and interest due thereunder shall be
immediately due and payable. Any efforts to enforce the payment
obligations under the Debt Instruments are automatically stayed
upon the filing of the Chapter 11 Cases, and the creditors' rights
of enforcement prescribed in the Debt Instruments are subject to
the applicable provisions of the Bankruptcy Code.

Changes to Board Composition

Yellow Corp also disclosed that on July 27, 2023, Douglas Carty
replaced Matthew Doheny as the Chair of the Board of Directors of
the Company. Simultaneously with Mr. Carty's appointment as the
Chair of the Board, Mr. Doheny assumed his role as the Company's
Chief Restructuring Officer.  The Board had previously determined
that:

     (i) Mr. Carty meets the independence requirements under Nasdaq
Listing Rule 5605(a)(2) and as defined in the Company's Director
Independence Standards;

    (ii) upon Mr. Doheny's actual assumption of the duties of CRO,
the Board recognized he no longer qualified as an independent
director under the rule and standards; and

   (iii) in order to maintain compliance with the Company's
Guidelines on Corporate Governance, Mr. Carty's service as the
Chair of the Board would commence upon the disqualification of Mr.
Doheny as an independent director.

There are no understandings or arrangements between Mr. Carty and
any other person pursuant to which Mr. Carty was appointed to serve
as the Chair of the Board.

Additionally, as of July 31, 2023, each of Mr. Doheny and Javier
Evans resigned from their position as a director on the Board. The
resignations of Mr. Doheny and Mr. Evans were not due to any
disagreement with the Company on any matter relating to the
Company's operations, policies or practices.

                        About Yellow Corp

Yellow Corporation -- www.myyellow.com -- operates logistics and
less-than-truckload (LTL) networks in North America, providing
customers with regional, national, and international shipping
services throughout. Yellow's principal office is in Nashville,
Tenn., and is the holding company for a portfolio of LTL brands
including Holland, New Penn, Reddaway, and YRC Freight, as well as
the logistics company Yellow Logistics.

Yellow Corporation and 23 affiliates concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before
the Hon. Craig T. Goldblatt.  As of March 31, 2023, Yellow Corp had
$2,152,200,000 in total assets against $2,588,800,000 in total
liabilities.  The petitions were signed by Matthew A. Doheny as
chief restructuring officer.

Kirkland & Ellis LLP is serving as the Company's restructuring
counsel, Pachulski Stang Ziehl & Jones LLP is serving as the
Company's Delaware local counsel, Kasowitz, Benson and Torres LLP
is serving as special litigation counsel, Goodmans LLP is serving
as the Company's special Canadian counsel, Ducera Partners LLC is
serving as the Company's investment banker, and Alvarez and Marsal
is serving as the Company's financial advisor.  Epiq Bankruptcy
Solutions serves as claims and noticing agent.


[] Claims Trading Report -- July 2023
-------------------------------------
There were at least 250 claims that changed hands in Chapter 11
corporate cases in July 2023:

                                           No. of Claims
   Debtor                                   Transferred
   ------                                   -----------
Celsius Network LLC                               55
FTX Trading Ltd.                                  37
National Realty Investment Advisors LLC           35
Sorrento Therapeutics, Inc.                       25
Lehman Brothers Holdings Inc.                     15
Pier 1 Imports, Inc.                              11
Lucira Health, Inc.                                7
Genesis Global Holdco, LLC                         6
Life Partners Holdings, Inc.                       6
FedNat Holding Company                             5
Structurlam Mass Timber U.S., Inc.                 5
Bed Bath & Beyond Inc.                             4
BlockFi Inc.                                       4
Virgin Orbit Holdings, Inc.                        4
Allied Healthcare Products, Inc.                   3
Alpha Entertainment LLC                            3
Party City Holdco Inc.                             3
Christmas Tree Shops, LLC                          2
O'Connor Construction Group, LLC                   2
SHURWEST, LLC                                      2
Stimwave Technologies Incorporated                 2
The Aliera Companies Inc.                          2
The Z Flats L.L.C.                                 2
Tradition Brewing Company LLC                      2
Transdermal Specialties Global, Inc.               2
Allena Pharmaceuticals, Inc.                       1
ALY EATERY, INC.                                   1
American Virtual Cloud Technologies, Inc.          1
Core Scientific, Inc.                              1
Forge Realty LLC                                   1
GWG Holdings, Inc.                                 1
Heritage Residential Home for the Aged, LLC        1
Mountain Investments, LLC                          1
Promise Healthcare Group, LLC                      1
RDM Sports Group, Inc                              1
Stanadyne LLC                                      1
Talen Energy Supply, LLC                           1
Tuesday Morning Partners, Ltd.                     1

Notable claim purchasers for the month of July 2023 are:

        Argo Partners
        Attn: Paul Berg
        12 West 37th Street, Ste. 900
        New York, NY 10018
        Phone: (212) 643-5442

        Bradford Capital Holdings, LP  
        Attn: Brian L. Brager
        P.O. Box 4353
        Clifton, NJ 07012
        E-mail: bbrager@bradforcapitalmgmt.com

        Cherokee Debt Acquisition, LLC
        Attn: Vladimir Jelisavcic
        Email: vjel@cherokeeacq.com
        1384 Broadway, Suite 906
        New York, NY 10018

        Contrarian Funds, LLC
        Attn: Alpa Jimenez
        411 West Putnam Ave., Suite 425
        Greenwich, CT 06830
        Tel: 203-862-8259
        Fax: 203-485-5910
        E-mail: tradeclaimsgroup@contrariancapital.com

        Fair Harbor Capital, LLC
        Ansonia Finance Station
        PO Box 237037
        New York, NY 10023
        Tel: (212) 967-4035

        Hain Capital Holdings, LLC
        301 Route 17 North, 7th Floor
        Rutherford, NJ 07070

        SLFAQ LLC
        Attn: Ryan Vollenhals
        E-mail: Ryan@slfaqllc.com
        670 White Plains Rd. – Penthouse
        Scarsdale, NY 10583

        TR Capital Management LLC
        TRC Master Fund LLC
        Attn: Terrel Ross
        PO Box 633
        Woodmere, NY 11598
        Tel: (516) 255-1801

        VonWin Capital Management, L.P.
        80 West 40th Street, 3rd Floor
        New York, NY 10018
        Tel: (212) 889-1354




                            *********

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