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

              Tuesday, December 12, 2023, Vol. 27, No. 345

                            Headlines

403 LLC: Unsecured Creditors to be Paid in Full in Plan
ADELANTE FITNESS: Court OKs Cash Collateral Access on Final Basis
AGILE THERAPEUTICS: Has Until Feb. 16 to Regain Nasdaq Compliance
AI DESIGN: Wins Cash Collateral Access on Final Basis
ALOA-ETS LLC: Files for Subchapter V Bankruptcy Protection

AMYRIS INC: Recent Auctions Only Get $23.6-Mil. for Plan
APPLIED DNA: Falls Short of Nasdaq Minimum Bid Price Requirement
ARCITERRA COMPANIES: Seeks Chapter 11 Bankruptcy Protection
ARTISAN PACKAGING: Voluntary Chapter 11 Case Summary
ASPIRE BAKERIES: Moody's Rates New First Lien Loans 'B2'

BELFAIR APARTMENTS: Voluntary Chapter 11 Case Summary
BELLAREED CONSTRUCTION: Seeks Access to Greentree's Cash Collateral
BERNARD L. MADOFF: Trustee Seeks Approval of $66M Allocation
BISCAYNE BEACH: Case Summary & Two Unsecured Creditors
BORREGO COMMUNITY: Files Amendment to Disclosure Statement

BOY SCOUTS OF AMERICA: Abuse Claimant Cos Lose $21Mil. Fee Request
CENTER FOR ASBESTOS: DOJ, HHS Want Bankruptcy Case Tossed
CHESTER T. MACK: Files Emergency Bid to Use Cash Collateral
COMMUNITY HEALTH: Fitch Lowers LongTerm IDR to 'CCC+'
CONNEXA SPORTS: General Counsel's Base Salary Increased to $216K

CROSSED INDUSTRIES: Court OKs Cash Collateral Access Thru Jan 2025
CVR ENERGY: Fitch Gives 'BB-' Rating on $600MM Unsec. Debt
DERMATOLOGY INTERMEDIATE: S&P Rates New $100MM Term Loan B
DONELSON CORPORATE: Case Summary & Five Unsecured Creditors
ECP OWNER 1: Court OKs Interim Cash Collateral Access

FREEDOM FACILITY: Seeks Cash Collateral Access
FTX GROUP: Banks, YouTubers, Athletes Want Out of Litigation
GBC EXPRESS: Bid to Use Cash Collateral Denied
GREATER LIBERTY: Court OKs Cash Collateral Access Thru Feb 2024
GSE SYSTEMS: Issues 127,889 Conversion Shares to Lind Global

HARBOR CUSTOM: Files Voluntary Chapter 11 Bankruptcy Petition
HARBOR CUSTOM: Voluntary Chapter 11 Case Summary
HELLO ALBEMARLE: Seeks Cash Collateral Access
HWC BURBS: Court OKs Cash Collateral Access on Final Basis
INTOUCH FOOTWEAR: Unsecureds to be Paid in Full over 60 Months

INVERSIONES LATIN: Court OKs Interim Cash Collateral Access
JENKAM BUILDERS: Unsecureds Will Get 10% of Claims over 36 Months
JERRY HARVEY: Case Summary & 20 Largest Unsecured Creditors
JETASAP LLC: Amends Unsecured Claims Pay Details
KERF INC: Seeks Cash Collateral Access

LA MOUNT GROUP: Case Summary & 14 Unsecured Creditors
LA TOOL: Case Summary & 12 Unsecured Creditors
LEBANON PLATINUM: Court OKs Cash Collateral Access Thru Dec 22
LION STAR: U.S. Trustee Appoints Creditors' Committee
LIPSEY PAINTING: Wins Cash Collateral Access on Final Basis

LIVINGSTON TOWNSHIP: Wins Cash Collateral Access Thru Jan 2024
LTL MANAGEMENT: J&J to Continue Bankruptcy Strategy
MASTERMIND GP: Seeks CCAA Protection to Commence Sale
MCGRAW-HILL EDUCATION: Fitch Affirms B+ LongTerm IDR, Outlook Pos.
MERCON COFFEE: Files for Chapter 11 Bankruptcy

METROLAND MEDIA: Creditors Approve Revised Bankruptcy Proposal
METROPOLITAN BREWING: Court OKs Cash Access on Final Basis
MORAN FOODS: S&P Upgrades ICR to 'CCC+', Outlook Negative
MULLEN AUTOMOTIVE: Files Suit Over Market Price Manipulation
NEO ACCOUNTING: Updates NEO Unsecured Claims Pay; Amends Plan

NID HOME SOLUTIONS: Unsecured Creditors to be Paid in Full in Plan
NOGIN INC: Files for Chapter 11 With Deal to Sell to B. Riley
NOGIN INC: Said Bad Deals, Cash Crunch Prompted Chapter 11
OUTLOOK THERAPEUTICS: Terry Dagnon Ceases as COO
PANOS FITNESS: Wins Interim Cash Collateral Access

PAULSON'S TRANSPORT: Court OKs Cash Collateral Access Thru Feb 2024
PENNSYLVANIA REAL ESTATE: Case Summary & 30 Top Unsecured Creditors
PENNSYLVANIA REAL ESTATE: Files Chapter 11 to Cut Debt by $880M
PIEDRA MALA: Seeks Cash Collateral Access
PIONEERS MEMORIAL: Fitch Affirms 'B' IDR, Outlook Negative

PREMIER DENTAL: Moody's Lowers CFR & First Lien Term Loan to Caa1
PREMIER KINGS: Gets $54 Million Bids for Its 170 Restaurants
PROASSURANCE CORP: S&P Affirms 'BB' Long-Term ICR, Withdraws ICR
QUICK TUBE: Wins Interim Cash Collateral Access
RE/MAX LLC: S&P Downgrades ICR to 'BB-' on Elevated Leverage

RETAILING ENTERPRISES: Unsecureds Will Get 11.5% over 4 Years
RGP INC: Files Emergency Bid to Use Cash Collateral
ROCHESTER MSA: Hits Chapter 11 Bankruptcy Protection
RODA LLC: May Use $100,017 of Cash Collateral Thru Dec 29
RUSS NOYES ROOFING: Files for Chapter 11 Bankruptcy

SAL ATX: Property Sale Proceeds to Fund Plan Payments
SANIBEL REALTY: Unsecureds' Recovery Hiked to 10% of Claims in Plan
SHILO INN BEND: Wins Cash Collateral Access Thru Jan 2024
SHILO INN IDAHO FALLS: Wins Cash Collateral Access Thru Jan 2024
SLEEP GALLERIA: Court OKs Interim Cash Collateral Access

SOUTHEASTHEALTH, MO: S&P Places 'BB-' Bond Rating on Watch Pos.
STAR ALLIANCE: Inks Collaboration Agreement With Knightsbridge
STARREX INT'L: Faces Debt Repayment Demand, Mulls Bankruptcy
STOCKMAN LAWNSCAPE: Voluntary Chapter 11 Case Summary
STRATEGIC MATERIALS: Moody's Cuts PDR to D-PD on Bankruptcy Filing

STRATEGIC MATERIALS: Plan Contemplates Two Scenarios
STRATEGIES 360: Court OKs Cash Collateral Access Thru Jan 2024
SYSTEM1 INC: Moody's Lowers CFR to B3 & Alters Outlook to Stable
T&J OF BROOKSVILLE: Wins Interim Cash Collateral Access
TOUCHTUNES MUSIC: Moody's Cuts CFR & Secured First Lien Debt to B3

TRINITY HEALTH: S&P Lowers 2017C Revenue Bonds Rating to 'BB-'
TRINITY LEGACY: Seeks Cash Collateral Access
TROIKA MEDIA: Receives Nasdaq Delisting Notice
VASO LOGISTICS: Files Emergency Bid to Use Cash Collateral
VELSICOL CHEMICAL: Claims Filing Deadline Set for Jan. 19, 2024

WC PARADISE: Unsecured Creditors to be Paid in Full in 1 Year
WEST COAST HOSPITALITY: Court OKs Interim Cash Collateral Access
WHITESTONE UPTOWN: Files Emergency Bid to Use Cash Collateral
WIDEOPENWEST FINANCE:S&P Cuts ICR to 'B+' on Increased Competition
YELLOW CORP: Inks Second Amendment to DIP Credit Pact

YIELD10 BIOSCIENCE: Board OKs Salary Cuts of Execs
YIELD10 BIOSCIENCE: Furloughs 65% of Workforce
YOOMA WELLNESS: Files Assignment in Bankruptcy Under BIA
[^] Large Companies with Insolvent Balance Sheet

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403 LLC: Unsecured Creditors to be Paid in Full in Plan
-------------------------------------------------------
403 LLC filed with the U.S. Bankruptcy Court for the Eastern
District of New York a Disclosure Statement describing Chapter 11
Plan dated December 4, 2023.

The Debtor is a real estate holding company. The Debtor's main
asset consists of the lease (the "Lease") for premises at 531 86th
Street, Brooklyn, NY (the "Premises").

The Lease was acquired by the Debtor in connection with the prior
Modell's Sporting Goods Chapter 11 case in New Jersey in 2020 at a
total cost of approximately $1.0 million, including the purchase
price, legal fees, security deposit and utility deposit. The Lease
covers most of the building (approximately 60%) situated at the
Premises. The current landlord, CA 531 86th Street LLC
("Landlord"), acquired ownership of the Premises after the Debtor
bought out the Lease in the Modell's bankruptcy.

The Debtor escrowed rent pre-petition pursuant to Order of the
State Court, and sought Chapter 11 relief in order to pursue a
subtenant for the Premises with the benefit of a ready forum to
deal with the Landlord's resistance. The Debtor simply could not
endure a prolonged litigation with the Landlord while its ability
to sublease the premises was compromised. Since the start of the
Chapter 11 case, the Debtor resumed paying post-petition rent while
it sought out a subtenant.

The Debtor was successful in obtaining a new subtenant, known as
SWY Entertainments LLC ("Subtenant"), and has since obtained formal
Bankruptcy Court approval to assume the Lease and enter into a
sublease (the "Sublease") with the Subtenant, pursuant to Order
dated November 5, 2023 (the "Assumption Order"). With a new
sublease in place, the Debtor has filed the Plan to address the
claims of all other creditors, while reserving continuing
jurisdiction in the Bankruptcy Court to adjudicate the Debtor's
claims against the Landlord previously asserted in the State Court
that were removed to the Bankruptcy Court pursuant to reference of
the District Court on July 21, 2023 (the "Pending Landlord
Litigation").

The Class 1 Claim of the Landlord for pre-petition arrears to the
extent unpaid and allowed shall be paid on the Effective Date.
Heretofore, the Debtor already cured all undisputed amounts of
$199,710.32 in furtherance of the Assumption Order and is currently
contesting a balance of $36,379.86 To the extent Allowed, those
amounts shall be paid on the Effective Date or pursuant to a Final
Order following the Effective Date.

Class 2 consists of Allowed General Unsecured Claims of General
Creditors, whether filed or scheduled, excluding the claims of
insiders and affiliates. All Allowed Class 2 General Unsecured
Claims shall be paid in full on the Effective Date with interest at
the federal judgment rate unless interest is voluntarily waived.

Tim Ziss shall retain his equity interests in the Reorganized
Debtor without change or modification, except that there shall be
no distribution of any funds to Tim Ziss on account of any prior
loans, advances or capital contributors except to the extent there
is a recovery in the Pending Landlord Litigation in which event Tim
Ziss shall be eligible to retain such recovery as either a
distribution or repayment of loans and advances.

The Plan shall be implemented by the Debtor through additional
capital contributions to be contributed by the Debtor's manager and
member, Tim Ziss. Prior to Effective Date, Mr. Ziss shall deposit
sufficient funds with the Disbursing Agent to discharge and pay all
cash obligations due hereunder. The Debtor or Reorganized Debtor
shall utilize the rents collected under the Sublease to pay the
rent due under the Lease on and after the Effective Date.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=8tjqyZ from
PacerMonitor.com at no charge.

Counsel for Debtor:

     Kevin J. Nash, Esq.
     Goldberg Weprin Finkel Goldstein, LLP
     1501 Broadway, 22nd Floor
     New York, NY 10036
     Telephone: (212) 221-5700
     Email: knash@gwfglaw.com

                          About 403 LLC

403, LLC, is a real estate holding company.  The Debtor filed a
Chapter 11 bankruptcy petition (Bankr. E.D.N.Y. Case No. 23-41131)
on March 31, 2023, with as much as $1 million in both assets and
liabilities. Judge Jil Mazer-Marino oversees the case.  The Debtor
is represented by Kevin J. Nash, Esq., at Goldberg Weprin Finkel
Goldstein, LLP.


ADELANTE FITNESS: Court OKs Cash Collateral Access on Final Basis
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
Adelante Fitness, LLC to use cash collateral up to the aggregate
amount of $19,760 on a final basis.

Pre-Petition Debt, Stripe, Inc. has asserted a secured claim
against the Debtor in the approximate amount of $28,840 as of the
Petition Date.

It appears that the Secured Creditor holds or may hold a properly
perfected lien on the Debtor's personal property (including
proceeds) at the commencement of the case.

The Debtor is permitted to use cash collateral to meet the ordinary
cash needs of the Debtor for the payment of actual expenses of the
Debtor necessary to (a) maintain and preserve its assets, and (b)
continue operation of its business, including payroll and payroll
taxes, and insurance expenses as reflected in the cash collateral
budget.

As adequate protection for use of cash collateral, the Secured
Creditor is granted a replacement lien subject to the Carveout, to
the extent and with the same priority in the Debtor's post-petition
collateral, and proceeds thereof, that the Secured Creditor held in
the Debtor's pre-petition collateral.

The Debtor will provide monthly periodic adequate protection
payments to Secured Creditor in the amount of $500, and monthly
accountings to the Secured Creditor setting forth the cash receipts
and disbursements made by the Debtor under the Order.

The Carveout means: a) Subchapter V trustee fees of $500 per month;
b) Chapter 7 trustee expenses of $10,000; and c) ) all avoidance
actions under 11 U.S.C. section 544, 547, 548, and 550 and the
proceeds thereof.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=KQiUjp from PacerMonitor.com.

The Debtor projects $19,260 in total expenses per month.

                    About Adelante Fitness, LLC

Adelante Fitness, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. N.J. Case No. 23-19741) on November
1, 2023. In the petition signed by Michael Adelante, owner, the
Debtor disclosed up to $100,000 in assets and up to $500,000 in
liabilities.

Judge Stacey L. Meisel oversees the case.

Brian G Hannon, Esq., at Norgaard OBoyle Hannon, represents the
Debtor as legal counsel.


AGILE THERAPEUTICS: Has Until Feb. 16 to Regain Nasdaq Compliance
-----------------------------------------------------------------
Agile Therapeutics, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that it received a letter from
the Hearings Panel of The Nasdaq Stock Market notifying the Company
that it had been granted an additional period, or until Feb. 16,
2024, to regain compliance with the minimum stockholders' equity
requirement for continued listing on the Nasdaq Capital Market set
forth in Nasdaq Listing Rule 5550(b)(1) requiring companies listed
on the Nasdaq Capital Market to maintain stockholder's equity of at
least $2,500,000.

On March 27, 2023, the Company received a letter from the Nasdaq
Listing Qualifications Department indicating that it was not in
compliance with the Rule.  On June 2, 2023, based on the Staff's
review of the materials submitted by the Company, the Staff granted
the Company's request for an extension until Sept. 25, 2023 to
comply with the Rule.  On Sept. 27, 2023, the Company received a
notice from the Staff advising the Company that the Staff had
determined that the Company did not meet the terms of the extension
and that unless the Company requests an appeal, the Staff would
proceed with delisting.

The Company submitted a hearing request to the Panel, which stayed
the delisting, and the hearing was held on Nov. 30, 2023.  The
Company's common stock will continue to trade on the Nasdaq Capital
Market under the symbol "AGRX" at least pending the completion of
the period of time granted to demonstrate compliance with the
Rule.

Agile said, "There can be no assurance that the Company will be
able to regain compliance with the applicable Nasdaq listing
requirements.  If the Company's common stock is delisted, it could
be more difficult to buy or sell the Company's common stock or to
obtain accurate quotations, and the price of the Company's common
stock could suffer a material decline.  Delisting could also impair
the Company's ability to raise capital.

"If trading in the Company's common stock is suspended on the
Nasdaq Capital Market or the Company's common stock is delisted by
Nasdaq, it could negatively impact the Company as it would likely
reduce the liquidity and market price of the Company's common
stock, reduce the number of investors willing to hold or acquire
the Company's common stock, negatively impact the Company's ability
to access equity markets and obtain financing, and impair the
Company's ability to provide equity incentives."

                       About Agile Therapeutics Inc.

Agile Therapeutics, Inc. is a women's healthcare company dedicated
to fulfilling the unmet health needs of today's women.  The
Company's product and product candidates are designed to provide
women with contraceptive options that offer freedom from taking a
daily pill, without committing to a longer-acting method.  Its
initial product, Twirla, (levonorgestrel and ethinyl estradiol), a
transdermal system, is a non-daily prescription contraceptive.

Agile reported a net loss of $25.41 million for the year ended Dec.
31, 2022, compared to a net loss of $71.07 million for the year
ended Dec. 31, 2021.

Iselin, New Jersey-based Ernst & Young LLP, the Company's auditor
since 2010, issued a "going concern" qualification in its report
dated March 22, 2023, citing that the Company has generated losses
since inception, used substantial cash in operations, anticipates
it will continue to incur net losses for the foreseeable future,
requires additional capital to fund its operating needs and has
stated that substantial doubt exists about the Company's ability to
continue as a going concern.




AI DESIGN: Wins Cash Collateral Access on Final Basis
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The U.S. Bankruptcy Court for the District of New Jersey authorized
AI Design LLC dba Custom Metal Glass dba CMG and Custom Metal
Fabrication LLC to use cash collateral on final basis in accordance
with the budget, with a 10% variance, nunc pro tunc as of October
7, 2023.

Based upon a UCC search obtained by the Debtors, AI Design has five
creditors that have asserted liens on AI Design's cash collateral.
These creditors are J.P Morgan Chase, Unknown UCC filed by
Corporation Service Comp, U.S Small Business Administration,
Unknown UCC filed by Secured Lender Solutions, and Stenson
Tamaddon.

On October 12, 2018, AI Design entered into a secured commercial
loan with JP Morgan Chase Bank, N.A., backed by the U.S. Small
Business Administration having a principal amount of $251,300 with
a fixed interest rate of 6.75%. with monthly principal and interest
payments in the amount of $4,946 and a maturity date of October 12,
2023.

As of the Petition Date, the amount owed by AI Design under the
Chase Term Loan is approximately $76,713.

On October 15, 2018, AI Design entered into a Note Modification
Agreement with Chase, which provided for a principal loan amount of
$250,000 with an interest rate of 3.25% per annum above the prime
rate.

As of the Petition Date, the amount owed by AI Design under the
Chase Credit Line is approximately $227,288.

In May 2020, AI Design entered into an Economic Injury Disaster
Business Loan with the SBA. As of the Petition Date, the amount
owed by AI Design under the EID Loan is approximately $1.520
million.

On May 5, 2022, AI Design and Stenson Tamaddon LLC entered into a
client services agreement whereby Stenson would provide certain
accounting and tax-related services in connection with AI Design's
application to the Department of Treasurer for employee retention
tax credits, with Stenson receiving a commission-based fee of 15%
percent of the total ERC credit refunds.

As of the Petition Date, the amount owed by AI Design to Stenson is
unliquidated, contingent, and disputed.

As adequate protection, AI Design is granted replacement liens in
all of the Debtor's pre-petition and post-petition assets and
proceeds.

The Replacement Liens will be subject and subordinate only to: (a)
U.S. Trustee fees payable under 28 U.S.C. Section 1930 and 31 U.S.C
Section 3717, if applicable, or alternatively, the allowed
administrative claim of the Subchapter V Trustee, and any fees
payable to the Clerk of the Court; (b) professional fees of duly
retained professionals in the Chapter 11 case as may be awarded
pursuant to Sections 330 or 331 of the Code; and (c) the fees and
expenses of a hypothetical Chapter 7 trustee to the extent of
$10,000.

As additional adequate protection for the use of cash collateral,
the Debtors will pay to Chase and the SBA monthly adequate
protection payments in the following amounts:

     1. Chase Term Loan: $5,000;
     2. Chase Credit Line: $2,000; and
     3. SBA EID Loan: $2,000

A copy of the order is available at https://urlcurt.com/u?l=nhPVf7
from PacerMonitor.com.

                        About AI Design LLC

AI Design LLC is an architectural metal and glass designer,
fabricator and installer. CMG creates canopies, building facades,
stairs, railings, entrances, lobbies, foyers, and greenhouses.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.J. Case No. 23-18795) on October 7,
2023. In the petition signed by Leeron Mosayov, member, the Debtor
disclosed $500,000 in assets and $10 million in liabilities.

Judge Stacey L. Meisel oversees the case.

Rosemarie E. Matera, Esq., at Kirby Aisner & Curley LLP, represents
the Debtor as legal counsel.


ALOA-ETS LLC: Files for Subchapter V Bankruptcy Protection
----------------------------------------------------------
ALOA-ETS LLC filed for chapter 11 protection in the District of
Arizona.

According to court filings, the Debtor reports between $500,000 and
$1 million in debt owed to 1 and 49 creditors.  The petition states
funds will be available to unsecured creditors.

The Debtor on the Petition Date filed a motion to compel PNC Bank
to release funds of the Debtor that are held in the bank.  On Nov.
6, 2023, the Internal Revenue Service issued a notice of levy.  As
of the bankruptcy filing, PNC Bank still held the Debtor's bank
funds that were frozen by the IRS.  The Debtor says the funds are
property of the estate.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
Jan. 11, 2024, at 10:30 AM at UST-LA3, TELEPHONIC MEETING.

                       About ALOA-ETS LLC

ALOA-ETS LLC -- https://www.aloa-ets.com -- is a limited liability
company in Arizona.

ALOA-ETS LLC sought relief under Subchapter V of Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Ariz. Case No. 23-08632) on Nov.
30, 2023.  In the petition filed by Donald A. Waskiewicz Jr., as
managing member, the Debtor reports estimated assets up to $50,000
and estimated liabilities between $500,000 and $1 million.

Ted Burr of Mac Restructuring Advisors, LLC, has been appointed as
Subchapter V trustee.

The Debtor is represented by:

     Nathan E. Carr, Esq.
     CARR LAW, PC
     151 W. SUPERSTITION BLVD
     APACHE JUNCTION, AZ 85178


AMYRIS INC: Recent Auctions Only Get $23.6-Mil. for Plan
--------------------------------------------------------
Biochemical company Amyris Inc. filed a Chapter 11 plan that
includes a a deal that could provide more than $23 million to
unsecured creditors but that the proceeds of the auctions of its
brand assets were less than expected.

On Oct. 12, 2023, the Debtors filed the initial plan.  The Debtors
on Dec. 1, 2023, filed the First Amended Plan, and on Dec. 6, 2023,
it filed a Second Amended Plan.   The Debtors have negotiated with
and reached an agreement in principle with their DIP and
prepetition lender, the Official Committee of Unsecured Creditors,
and the Ad Hoc Noteholders Group and have filed the Plan and
Disclosure Statement which reflect that agreement.  The Debtors
continue to work in good faith with other parties in an effort to
arrive at a consensual Plan.

A hearing on the disclosure statement explaining the latest Chapter
11 Plan is scheduled for Dec. 12.

At the hearing scheduled for Dec. 12, 2023, the Debtors will also
seek approval of three separate sales related to the following
consumer brands: Biossance; MenoLabs; and 4U by Tia.  

On Nov. 30, 2023, the Debtors conducted a virtual Auction for the
Biossance Brand Assets.  Two qualified bidders participated in the
Biossance auction.  At the conclusion of the auction, the Debtors
declared THG Beauty USA LLC as the successful bidder with the
highest or otherwise best bid of $20,000,000.

On Dec. 1, 2023, the Debtors conducted a virtual auction for the
MenoLabs Brand Assets. One qualified bidder participated in the
auction.  The Debtors declared Dr. Reddy's Laboratories, Inc. as
the successful bidder with the highest or otherwise best bid of
$3,000,000.

On Dec. 1, 2023, the Debtors conducted a virtual auction for the 4U
Brand Assets. One qualified bidder participated in the 4U Auction.
At the conclusion of the auction, the Debtors declared Scent Theory
Products, LLC as the successful bidder with the highest or
otherwise best Bid of $600,000.

The Pipette Brand Assets have already been auctioned and are the
subject of a sale agreement that the Debtors will seek to be
approved at a separate hearing and the Brand Assets associated with
JVN, Stripes, and Rose, Inc. will be auctioned on Dec. 13, 2023.

The Ad Hoc Cross-Holder Group of certain unaffiliated (a) holders
of notes or other indebtedness issued under that certain Indenture,
dated as of Nov. 15, 2021 pursuant to which Amyris, Inc. issued
certain 1.50% Convertible Senior Notes Due 2026 and/or (b)
shareholders of Amyris, Inc., said that based upon a preliminary
review, the Plan seems to contain certain infirmities and defects
that would render it unconfirmable.

"By their own admission, the Debtors' sale of their Consumer Brands
assets was an unmitigated disaster.  The projected $250+ million in
sale proceeds to fund a plan turned out to be less than $30
million.  This stunning turn of event raises serious questions into
what went wrong and how the company could fail in such spectacular
fashion compared to the expectations set just a few months ago.  No
plausible explanation is provided in the Disclosure Statement.  In
these circumstances in particular, disclosure is paramount.  While
the Disclosure Statement and Plan have been updated to reflect
these results and a proposed settlement and release of various
estate and third-party claims and causes of action, the
accompanying disclosures fall well short of what a
party-in-interest requires to make an informed decision about the
Plan," the Ad Hoc Group said in its objection.

                        About Amyris Inc.

Amyris (Nasdaq: AMRS) -- http://www.amyris.com/-- is a synthetic
biotechnology company, transitioning the Clean Health & Beauty and
Flavors & Fragrances markets to sustainable ingredients through
fermentation and the company's proprietary Lab-to-Market(TM)
technology platform.  This Amyris platform leverages
state-of-the-art machine learning, robotics, and artificial
intelligence, enabling the company to rapidly bring new innovation
to market at commercial scale. Amyris ingredients are included in
over 20,000 products from the world's top brands, reaching more
than 300 million consumers.  Amyris also owns and operates a family
of consumer brands that is constantly evolving to meet the growing
demand for sustainable, effective, and accessible products.

Amyris, Inc. and its affiliates filed Chapter 11 petitions (Bankr.
D. Del. Lead Case No. 23-11131) on Aug. 9, 2023.  In the petition
signed by its interim chief executive officer and chief financial
officer, Han Kieftenbeld, Amyris disclosed $679,679,000 in assets
and $1,327,747,000 in liabilities.

Judge Thomas M. Horan oversees the cases.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as their
bankruptcy counsel; Fenwick & West, LLP as corporate counsel;
Gordon Rees Scully Mansukhani, LLP as special counsel;
PricewaterhouseCoopers LLP as financial advisor; and Intrepid
Investment Bankers LLC as investment banker.  Stretto, Inc., is the
Debtors' claims, noticing, solicitation agent and administrative
adviser.


APPLIED DNA: Falls Short of Nasdaq Minimum Bid Price Requirement
----------------------------------------------------------------
Applied DNA Sciences, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that the Company received
written notice from the Listing Qualifications Department of The
Nasdaq Stock Market LLC notifying the Company that it is not in
compliance with the minimum bid price requirements set forth in
Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq
Capital Market.  

Nasdaq Listing Rule 5550(a)(2) requires listed securities to
maintain a minimum bid price of $1.00 per share, and Nasdaq Listing
Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid
price requirement exists if the deficiency continues for a period
of 30 consecutive business days.  Based on the closing bid price of
the Company's common stock for the 30 consecutive business days
from Oct. 18, 2023 to Nov. 30, 2023, the Company no longer meets
the minimum bid price requirement.

The Notification Letter does not impact the Company's listing on
The Nasdaq Capital Market at this time.  The Notification Letter
states that the Company has 180 calendar days from Dec. 1, 2023, or
until May 29, 2024, to regain compliance with Nasdaq Listing Rule
5550(a)(2).  To regain compliance, the bid price of the Company's
common stock must have a closing bid price of at least $1.00 per
share for a minimum of 10 consecutive business days.  If the
Company does not regain compliance with Nasdaq Listing Rule
5550(a)(2) by May 29, 2024, the Company may be eligible for an
additional 180-calendar day compliance period.  To qualify, the
Company would be required to meet the continued listing requirement
for market value of publicly held shares and all other initial
listing standards for The Nasdaq Capital Market, with the exception
of the bid price requirement, and would need to provide written
notice of its intention to cure the deficiency during the second
compliance period, by effecting a reverse stock split, if
necessary.  However, if it appears to the staff of Nasdaq that the
Company will not be able to cure the deficiency, or if the Company
is otherwise not eligible, Nasdaq would notify the Company that its
securities would be subject to delisting.  In the event of such a
notification, the Company may appeal the Staff's determination to
delist its securities, but there can be no assurance the Staff
would grant the Company's request for continued listing.

The Company intends to monitor the closing bid price of its common
stock and may, if appropriate, consider implementing available
options, including, but not limited to, implementing a reverse
stock split of its outstanding securities, to regain compliance
with the minimum bid price requirement under the Nasdaq Listing
Rules.

                        About Applied DNA

Applied DNA Sciences, Inc. -- http//www.adnas.com -- is a
biotechnology company developing technologies to produce and detect
deoxyribonucleic acid ("DNA").  Using the polymerase chain reaction
("PCR") to enable both the production and detection of DNA, the
Company operates in three primary business markets: (i) the
manufacture of synthetic DNA for use in nucleic acid-based
therapeutics; (ii) the detection of DNA in molecular diagnostics
testing services; and (iii) the manufacture and detection of DNA
for industrial supply chain security services.

Applied DNA reported a net loss of $8.27 million for the year ended
Sept. 30, 2022, a net loss of $14.28 million for the year ended
Sept. 30, 2021, and a net loss of $13.03 million for the year ended
Sept. 30, 2020.

"We have recurring net losses, which have resulted in an
accumulated deficit of $298,854,883 as of June 30, 2023.  We have
incurred a net loss of $3,114,195 for the nine-month period ended
June 30, 2023.  At June 30, 2023, we had cash and cash equivalents
of $10,756,235.  We have concluded that these factors raise
substantial doubt about our ability to continue as a going concern
for one year from the issuance of the financial statements.  We
will continue to seek to raise additional working capital through
public equity, private equity or debt financings.  If we fail to
raise additional working capital, or do so on commercially
unfavorable terms, it would materially and adversely affect our
business, prospects, financial condition and results of operations,
and we may be unable to continue as a going concern.  If we seek
additional financing to fund our business activities in the future
and there remains substantial doubt about our ability to continue
as a going concern, investors or other financing sources may be
unwilling to provide additional funding to us on commercially
reasonable terms, if at all," said Applied DNA in its Quarterly
Report on Form 10-Q for the period ended June 30, 2023.


ARCITERRA COMPANIES: Seeks Chapter 11 Bankruptcy Protection
-----------------------------------------------------------
Arciterra Companies LLC and an affiliate filed for chapter 11
protection in the District of Arizona.

According to court filing, the Debtor reported between $1 million
and $10 million in debt owed to 1 and 49 creditors.  The petition
states that funds will be available to unsecured creditors.

The Debtors sought and obtained an order extending until Dec. 28,
2023, their deadline to file their schedules and statements.

A meeting of creditors under 11 U.S.C. Section 341(a) is slated for
Jan. 2, 2024, at 9:00 AM at UST-LA3, TELEPHONIC MEETING.

                    About Arciterra Companies

Arciterra Companies LLC is a limited liability company in Arizona.


Arciterra Companies and Arciterra Group are affiliates of the same
parent company CSL Investments, LLC.  Jonathan Larmore is the
Principal of CSL.

Arciterra Companies and affiliate Arciterra Group sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ariz. Lead
Case No. 23-08639) on Dec. 1, 2023.  In the petition filed by
Jonathan Jarmore, as manager, Arciterra Companies estimated assets
between $50,000 and $100,000 and liabilities between $1 million and
$10 million.

The Debtors are represented by:

     Gerald L. Shelley, Esq.
     FENNEMORE CRAIG, P.C.
     c/o Fennemore Craig, P.C.
     Attn: Gerald Shelley
     2394 E. Camelback Rd., Ste. 600
     Tel: 602-916-5000
     Email: gshelley@fennemorelaw.com


ARTISAN PACKAGING: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Artisan Packaging, LLC
        291 West Wolfe Street
        Harrisonburg, VA 22802

Business Description: The Debtor is primarily engaged in
                      manufacturing plastics bottles.
                      It offers up to 100% post-consumer resin
                      (PCR) and use energy-saving features to fuel
                      its manufacturing.

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Western District of Virginia

Case No.: 23-50588

Debtor's Counsel: Stephan W. Milo, Esq.
                  WHARTON, ALDHIZER & WEAVER, P.L.C.
                  125 South Augusta Street, Suite 2000
                  Staunton, VA 24401
                  Tel: (540) 213-7440
                  Email: smilo@wawlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard Jay Veenis as member.

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

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

https://www.pacermonitor.com/view/4FGF2NI/Artisan_Packaging_LLC__vawbke-23-50588__0001.0.pdf?mcid=tGE4TAMA


ASPIRE BAKERIES: Moody's Rates New First Lien Loans 'B2'
--------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Aspire Bakeries
Holdings, LLC's proposed first lien senior secured debt that
includes a $140 million revolving credit facility expiring in 2028
and a $425 million term loan due 2030. Aspire's B2 Corporate Family
Rating, B2-PD Probability of Default Rating and stable outlook are
not affected. Moody's will withdraw the B1 ratings on the existing
first lien senior secured debt and the Caa1 rating on the existing
second lien senior secured debt after the refinancing transaction
closes.

Proceeds from the proposed $425 million first lien senior secured
term loan will be used to repay the outstanding $287 million
balance on the existing first lien senior secured term loan due
2028 and the $121 million balance on the existing second lien
senior secured term loan, pay fees related to the transaction, and
add $2 million of cash to the balance sheet. The refinancing
transaction will increase Moody's adjusted debt/EBITDA leverage
slightly to 3.4x for the last twelve month ("LTM") period ended
October 28, 2023 from 3.3x. Moody's views the refinancing as credit
positive because it will extend the debt maturity profile and free
cash flow should improve going forward by $5-$10 million annually
as the company takes out the higher interest bearing debt.
Liquidity will also be bolstered because the company is upsizing
the revolving credit facility to $140 million, compared to $100
million under the existing credit agreement.

The B2 ratings on the proposed first lien revolver and term loan
are the same as the B2 Corporate Family Rating. This reflects that
these facilities represent the preponderance of debt in the capital
structure. The revolver and term loan are secured by a first
priority lien on substantially all of the tangible and intangible
assets. The B2 rating is lower than the B1 rating on the existing
first lien senior secured revolver and term loan because the amount
of first lien debt is increasing and repayment of the second lien
term loan eliminates loss absorption cushion. The resulting lower
expected recovery on the first lien debt leads to the lower
instrument rating.

This rating action follows Moody's November 21, 2023 rating action
that included upgrading Aspire's Corporate Family Rating to B2 from
B3 with a stable outlook. Please see Moody's 21-Nov-2023 press
release for details on the rationale for the upgrade.

RATINGS RATIONALE

Aspire's B2 CFR reflects its modest scale, thin operating profit
margin and narrow product categories within the food sector. The
rating also reflects high event risk associated with private equity
ownership, including potential for distributions or acquisitions
that could increase financial leverage. Aspire's ratings are
supported by its leading market positions in breads, cookies,
donuts and muffins within US foodservice channels. The ratings are
also supported by improving profitability and free cash flow behind
the company's pricing actions and profitability initiatives that
have resulted in deleveraging to 3.3x debt/EBITDA (on a Moody's
adjusted basis) as of October 28, 2023 compared to 6.6x as of July
30, 2022. There is potential downside to Moody's forecast because
of potential pushback on customer pricing and foodservice volumes
due to consumers continuing to remain cautious with spending or
away-from-home food consumption, but there is some cushion within
the financial leverage expectations for the B2 CFR to absorb a
modest decline in earnings.

Aspire's good liquidity is supported by positive projected free
cash flow and an undrawn revolving credit facility, which is the
primary source of external liquidity. At the end of fiscal quarter
ended October 28, 2023, Aspire had roughly $15 million of cash on
hand and $85 million of availability on the $100 million revolving
credit facility (net of $15 million letters of credit outstanding).
Pro forma for the revolver upsize to $140 million, revolver
availability will improve to $125 million. Moody's projects free
cash flow to increase to $40-$50 million in fiscal 2024, compared
to $31 million of positive free cash flow in fiscal 2023. The
improvement reflects Moody's expectation for continued earnings
growth, a lower working capital benefit in fiscal 2024, and the
benefits of the cash interest reduction resulting from the proposed
refinancing. The new revolving credit facility will contain a 5.50x
maximum first lien net leverage covenant that springs when
utilization exceeds 40% of the commitment. This is a somewhat
tighter covenant than the prior revolver, but Moody's does not
expect the covenant to be triggered over the next 12 months. If it
does, Moody's expects that the company will have sufficient
cushion, due in part to a permissive EBITDA definition that
includes add backs to reported results.

Marketing terms for the new credit facilities (final terms may
differ materially) include the following: Incremental pari passu
debt capacity up to the greater of $157 million and 100% of EBITDA,
plus unlimited amounts subject to 3.75x first lien net leverage.
There is an inside maturity sublimit up to the greater of $157
million and 100% of EBITDA along with amounts incurred under the
general debt basket and in connection with an acquisition or
investment. A "blocker" provision restricts the transfer of
material intellectual property to unrestricted subsidiaries. The
credit agreement provides some limitations on up-tiering
transactions, requiring affected lender consent for amendments that
subordinate the debt and liens unless such lenders can ratably
participate in such priming debt. Amounts up to 100% of unused
capacity from certain restricted payments carve-outs may be
reallocated to incur unsecured debt.

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

The stable outlook reflects Moody's view that Aspire will maintain
good liquidity including positive free cash flow, and organically
grow revenue and EBITDA to reduce debt/EBITDA leverage further over
the next 12 months, but that debt financed acquisitions or
distributions are likely to increase leverage above 4.0x over the
next few years. There is also potential downside to Moody's
forecast because of potential pushback on customer pricing and
foodservice volumes due to consumers continuing to remain cautious
with spending or away-from-home food consumption.

A rating downgrade could occur if financial performance
deteriorates, the financial policy becomes more aggressive,
liquidity deteriorates, or free cash flow is not maintained at a
comfortably positive level. Quantitatively, a downgrade could occur
if debt/EBITDA is above 5.5x.

A rating upgrade could occur if Aspire is able to meaningfully
increase scale and improve operating performance including higher
profitability and consistent and solid free cash flow generation.
Aspire would also need to sustain debt/EBITDA at or below 4.0x.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Consumer
Packaged Goods published in June 2022.

COMPANY PROFILE

Operated out of Los Angeles, California, Aspire Bakeries Holdings,
LLC produces and sells primarily breads, cookies, donuts and
muffins to foodservice and retail in-store bakery customers. The
company sells private label and branded products under the La Brea
Bakery, Otis Spunkmeyer and Oakrun Farm Bakery brands. Aspire was
previously a standalone subsidiary of Aryzta AG. The business was
acquired by Aspire's private equity sponsor Lindsay Goldberg for
$850 million in May 2021. Sales were approximately $1.6 billion for
the 12 month period ended October 28, 2023.


BELFAIR APARTMENTS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Belfair Apartments, LLC
        1201 Pacific Avenue, Suite 1200
        Tacoma, WA 98402-4395

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

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 23-42181

Judge: Hon. Brian D. Lynch

Debtor's Counsel: Aditi Paranjpye, Esq.
                  CAIRNCROSS & HEMPELMANN, P.S.
                  524 Second Avenue
                  Suite 500
                  Seattle, WA 98104
                  Tel: 206-587-0700
                  Email: aparanjpye@cairncross.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Shelly Crocker as chief restructuring
officer.

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/L2FHCUA/Belfair_Apartments_LLC__wawbke-23-42181__0001.0.pdf?mcid=tGE4TAMA


BELLAREED CONSTRUCTION: Seeks Access to Greentree's Cash Collateral
-------------------------------------------------------------------
Bellareed Construction & Remodeling, LLC asks the U.S. Bankruptcy
Court for the Northern District of Georgia, Atlanta Division, for
authority to use cash collateral and provide adequate protection.

The Debtor requires the use of cash collateral to pay operating
expenses.

Prior to the commencement of the case, the Debtor entered into a
Merchant Cash Advance agreement with Greentree Advance. Pursuant to
the Secured Loan, Greentree lent money to the Debtor, subject to
and upon the terms and conditions contained therein.

To secure payment of the debt owing to Greentree pursuant to the
Secured Loan, the Debtor granted Greentree a security interest in
and to its accounts receivable and inventory located in Fulton
County, Georgia by virtue of a UCC filing by Lien Solutions on
October 28, 2022.

As adequate protection, the Debtor is offering to provide Greentree
with a replacement lien pursuant to and in accordance with 11
U.S.C. Section 361(2), in and to all property of the estate of the
kind presently securing the indebtedness owing to Greentree
purchased or acquired with the cash collateral of Greentree.

The Debtor proposes to pay Greentree adequate protection pursuant
to 11 U.S.C. Section 361(1) in the amount of $2,000 per month. The
payment is sufficient to protect the interests of Greentree in the
Prepetition Collateral.

A copy of the motion is available at https://urlcurt.com/u?l=iNl9Sp
from PacerMonitor.com.

          About Bellareed Construction & Remodeling, LLC

Bellareed Construction & Remodeling, LLC sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No.
23-61726-wlh) on November 28, 2023. In the petition signed by
Edward Karram, chief executive officer, the Debtor disclosed up to
$50,000 in assets and up to $1 million.

Douglas Jacobson, Esq., at Law Offices of Douglas Jacobson, LLC,
represents the Debtor as legal counsel.


BERNARD L. MADOFF: Trustee Seeks Approval of $66M Allocation
------------------------------------------------------------
Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee
for the liquidation of Bernard L. Madoff Investment Securities LLC
(BLMIS), filed a motion on Dec. 8 in the United States Bankruptcy
Court for the Southern District of New York seeking approval for an
allocation of more than $66 million in recoveries to the BLMIS
Customer Fund and an authorization for a fifteenth pro rata interim
distribution of more than $45.23 million from the Customer Fund to
BLMIS customers with allowed claims. A hearing on the motion has
been scheduled for Wednesday, January 24, 2024 at 10:00 a.m. EST.

The proposed fifteenth pro rata interim distribution is the result
of approximately $49.08 million in settlements and recoveries
achieved by the SIPA Trustee and the legal teams since the last
interim distribution in February 2023.

"On the 15(th) anniversary of the uncovering of the largest Ponzi
scheme in history, the SIPA Trustee and his legal team, with the
support of the SIPC legal team, continue to achieve remarkable
results in their efforts to recover stolen Madoff customer funds,"
said Josephine Wang, President and Chief Executive Officer of the
Securities Investor Protection Corporation (SIPC). "They have the
full support of SIPC as well as our thanks for their commitment and
accomplishments."

"Our legal team under David Sheehan continues to achieve judicial
victories on behalf of Madoff claimants with allowed claims. Their
success has also encouraged other defendants to negotiate
settlements to avoid the expense of litigation, which in turn
permits us to return more Madoff stolen funds to their rightful
owners," said Mr. Picard. "I also would like to thank SIPC for its
continued support in our recovery efforts."

"Our Second Circuit victory in the Sage case earlier this year, as
well as ongoing litigation on a number of fronts, makes us
optimistic that we're on the cusp of additional significant
recoveries in 2024," said David J. Sheehan, Chief Counsel to the
SIPA Trustee. "We are proud to have recovered more stolen funds
than any liquidation case of its kind, but our work is not done.
The SIPA Trustee's legal team will continue to work to ensure that
feeder funds and other sophisticated financial institutions are
held accountable and forced to return stolen funds."

Fifteenth Distribution Will Bring Total Amount Restored to Nearly
$14.43 Billion

When combined with the prior fourteen distributions, the fifteenth
distribution will equal 70.959% percent of each customer's allowed
claim amount, unless that claim has been fully satisfied. The
aggregate amount distributed to eligible BLMIS customers will total
approximately $14.43 billion, including approximately $849.9
million in advances committed by SIPC.

As of October 31, 2023, the SIPA Trustee has recovered or reached
agreements to recover approximately $14.608 billion. This recovery
far exceeds any prior restitution effort related to Ponzi schemes
both in terms of dollars and percentage of stolen funds recovered.

The proposed distribution will be paid on claims relating to 772
BLMIS accounts and represents approximately 0.242% of their net
equity claims, with an average payment amount of $58,588.22. When
combined with the previous fourteen distributions and $849.9
million in advances committed by SIPC, 1,517 accounts with an
allowed claim amount of up to $1,707.339.85 will be fully satisfied
following the fifteenth interim distribution.

No funds recovered in the Madoff Recovery Initiative are used to
pay costs associated with the recovery. All trustee, legal, and
accounting fees, as well as administrative expenses, are paid by
SIPC.

The Fifteenth Customer Fund Allocation and Distribution Motion can
be found on the United States Bankruptcy Court's website at
http://www.nysb.uscourts.gov/;Bankr. S.D.N.Y., No. 08-01789 (CGM).
It can also be found on the SIPA Trustee's website along with more
information on the BLMIS liquidation at: www.madofftrustee.com.

Ms. Wang and Messrs. Picard and Sheehan would like to thank Seanna
Brown and Heather Wlodek of BakerHostetler, who worked on the
fifteenth pro rata interim distribution and its related filings, as
well as BakerHostetler, Windels Marx and all of the attorneys and
professionals whose work has led to the distribution. They would
also like to thank Vineet Sehgal and his colleagues at
AlixPartners, as well as Michael Post, Kevin H. Bell, Nathanael
Kelley, Nicholas Hallenbeck, and their colleagues at SIPC, for
their ongoing work and participation in the Madoff Recovery
Initiative distributions.

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion. On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of New
York granted the application of the Securities Investor Protection
Corporation for a decree adjudicating that the customers of BLMIS
are in need of the protection afforded by the Securities Investor
Protection Act of 1970. The District Court's Protective Order (i)
appointed Irving H. Picard, Esq., as trustee for the liquidation of
BLMIS, (ii) appointed Baker & Hostetler LLP as his counsel, and
(iii) removed the SIPA Liquidation proceeding to the Bankruptcy
Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789) (Lifland, J.). Mr.
Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893). The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport Charitable
Remainder Unitrust, Martin Rappaport, Marc Cherno, and Steven
Morganstern -- assert US$64 million in claims against Mr. Madoff
based on the balances contained in the last statements they got
from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751). The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved the
consolidation of the Madoff SIPA proceedings and the bankruptcy
case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of Jan. 31,
2021, and since his appointment in December 2008, the SIPA Trustee
has amassed more than $14.413 billion as a result of recoveries and
settlement agreements. These recoveries exceed similar efforts
related to prior Ponzi scheme recoveries, in terms of dollar value
and percentage of stolen funds recovered.  Eligible BLMIS customers
have now received almost 70% of their allowed claims, and the SIPA
Trustee is optimistic that this figure will rise as the Trustee
secure more recoveries and distributions in the future.


BISCAYNE BEACH: Case Summary & Two Unsecured Creditors
------------------------------------------------------
Debtor: Biscayne Beach Apartments LLC
        POB 800911
        Miami, FL 33280-0911

Business Description: The Debtor is the owner of an 8-unit
                      apartment building located at 834-842 84 St,
                      Miami Beach, FL valued at $1.8 million.

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 23-20217

Judge: Hon. Laurel M. Isicoff

Debtor's Counsel: Michael A. Frank, Esq.
                  LAW OFFICES OF FRANK & DE LA GUARDIA
                  2000 NW 89th Place
                  Suite 201
                  Miami, FL 33172
                  Phone: (305) 443-4217
                  Email: Pleadings@bkclawmiami.com

Total Assets: $1,800,000

Total Liabilities: $1,227,491

The petition was signed by Benjamin Shames as manager.

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

https://www.pacermonitor.com/view/KY3A3PY/Biscayne_Beach_Apartments_LLC__flsbke-23-20217__0001.0.pdf?mcid=tGE4TAMA


BORREGO COMMUNITY: Files Amendment to Disclosure Statement
----------------------------------------------------------
Borrego Community Health Foundation and the Official Committee of
Unsecured Creditors submitted a First Amended Joint Combined
Disclosure Statement and Chapter 11 Plan of Liquidation dated
December 4, 2023.

The Plan proposes to pay or otherwise satisfy Allowed
Administrative Claims, Allowed Secured Claims, Allowed General
Unsecured Claims, and a portion of the Allowed DHCS Claim, in full
on the Effective Date or as soon as practicably thereafter.

The Plan creates Class A and Class B Liquidating Trust Interests
and proposes to pay Allowed General Unsecured Claims and the
Allowed DHCS Claim in accordance with the DHCS Settlement. The Plan
also proposes the resolution of certain other Claims and the
distribution of proceeds to Holders of Allowed Claims.

The Plan provides that (i) the Liquidating Trustee will administer
the Class B Liquidating Trust Assets and continue the wind-down and
liquidation of the Debtor after the Effective Date, and (ii) the
CoLiquidating Trustee will administer the Class A Liquidating Trust
Assets to pay Holders of Allowed General Unsecured Claims.

Like in the prior iteration of the Plan, each Holder of an Allowed
General Unsecured Claim shall receive in full satisfaction,
settlement, discharge, and release of, and in exchange for such
Allowed General Unsecured Claim, its Pro Rata share of the Class A
Trust Beneficial Interests.

The Liquidating Trustee and CoLiquidating Trustee are authorized
and directed to make Distributions of the distributable Assets
pursuant to and in accordance with the Plan. All Plan Distributions
made to Holders of Allowed Claims in any Class are intended to be
and shall be final. For the avoidance of doubt, the Plan itself
shall not be deemed to be a settlement.

On March 13, 2023, the Bankruptcy Court entered the Sale Order
authorizing and approving the DAP Sale, pursuant to Section 363 of
the Bankruptcy Code. Pursuant to the DAP Sale, the Debtor sold the
Purchased Assets to DAP Health pursuant to the terms in the Asset
Purchase Agreement.

Between the entry of the Sale Order and the Closing of the DAP
Sale, the Debtor and DAP Health cooperated pursuant to the
Management Services Support Agreement. On July 31, 2023, the DAP
Sale Closed and the Management Services Support Agreement
terminated on its terms and that to the extent the Debtor or DAP
Health may have claims, rights, or ongoing obligations to each
other under the Management Services Support Agreement that survive
the termination, such claims, rights, or ongoing obligations shall
cease to exist on the Effective Date, and that the Post-Effective
Date Debtor shall not inherit any claims, rights, benefits, or
Causes of Action arising under, relating to, or in connection with
the Asset Purchase Agreement, the Management Services Support
Agreement, or any other agreement relating to the foregoing.

This Plan will be funded from the following sources: (i) the
Remaining Estate Funds; (ii) the Remaining Cash; (iii) Net Cash
Proceeds; (iv) any refunds, deposits, or other monies owing to the
Debtor which were not sold to DAP Health; (v) the Litigation
Recoveries; (vi) any other monetary recoveries obtained by the
Debtor prior to the Effective Date; and (vii) any other monetary
recoveries obtained by the Liquidating Trustee after the Effective
Date that do not constitute Purchased Assets.

The Confirmation Hearing has been scheduled for January 17, 2024,
at 10:00 a.m. to consider final approval of the Combined Plan and
Disclosure Statement confirmation of the Combined Plan and
Disclosure Statement.

Any objection to final approval of the Combined Plan and Disclosure
Statement must be filed with the Bankruptcy Court by no later than
January 8, 2024, at 4:00 p.m.

A full-text copy of the First Amended Joint Combined Disclosure
Statement and Plan dated December 4, 2023 is available at
https://urlcurt.com/u?l=Hgfgdr from PacerMonitor.com at no charge.

Attorneys for Chapter 11 Debtor:

     Samuel R. Maizel, Esq.
     Tania M. Moyron, Esq.
     Rebecca M. Wicks, Esq.
     DENTONS US LLP
     601 South Figueroa St., Suite 2500
     Los Angeles, CA 90017-5704
     Tel: (213) 623-9300
     Fax: (213) 623-9924
     E-mail: samuel.maizel@dentons.com
             tania.moyron@dentons.com
             rebecca.wicks@dentons.com

Attorneys to the Official Committee of Unsecured Creditors:

     Jeffrey N. Pomerantz, Esq.
     Steven W. Golden, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., 13th Fl.
     Los Angeles, California 90067
     Tel: (310) 227-6910
     Fax: (3100 201-0760
     E-mail: jpomerantz@pszjlaw.com
             sgolden@pszjlaw.com

       About Borrego Community Health Foundation

Borrego Community Health Foundation offers, among other services,
comprehensive primary care, pediatric care, urgent care, behavioral
health services, dental services, specialty care, transgender
health, women's health, prenatal care, veteran's health, and
chiropractic services. Borrego Community is a non-profit public
charity, tax-exempt under section 501(c)(3) of the Internal Revenue
Code.  The Foundation, as of Sept. 12, 2022, had 24 brick and
mortar sites including administrative sites, two pharmacies and six
mobile units covering a service area consisting of a 250-mile
corridor on the eastern side of San Diego and Riverside Counties,
Calif.

Borrego Community Health Foundation sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 22 02384)
on Sept. 12, 2022, with between $50 million and $100 million in
both assets and liabilities. Isaac Lee, chief restructuring
officer, signed the petition.

Judge Laura S. Taylor oversees the case.

The Debtor tapped Tania M. Moyron, Esq., at Dentons US, LLP as
bankruptcy counsel and Hooper Lundy & Bookman, P.C., as special
counsel.  Kurtzman Carson Consultants, LLC, is the Debtor's claims
and noticing agent.

Jacob Nathan Rubin, the patient care ombudsman appointed in the
Debtor's case, tapped Levene Neale Bender Yoo & Golubchik, LLP, as
bankruptcy counsel and Dr. Tim Stacy DNP, ACNP-BC as consultant.

On Sept. 26, 2022, the U.S. Trustee appointed an official unsecured
creditors' committee in this Chapter 11 case.  Pachulski Stang
Ziehl & Jones, LLP serves as the committee's counsel.       


BOY SCOUTS OF AMERICA: Abuse Claimant Cos Lose $21Mil. Fee Request
------------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that personal injury firms
representing sex abuse claimants in the Boy Scouts of America
bankruptcy lost their bid to have some $21 million in legal fees
paid by the bankrupt estate.

The Coalition of Abused Scouts for Justice didn't meet the legal
standard of showing a "substantial contribution" in the Boy Scouts'
multi-year Chapter 11 case to avoid paying its fees and expenses
out of pocket, Judge Laurie Selber Silverstein of the US Bankruptcy
Court for the District of Delaware ruled Tuesday, December 6,
2023.

                  About Boy Scouts of America

The Boy Scouts of America -- https://www.scouting.org/ -- is a
federally chartered non-profit corporation under title 36 of the
United States Code. Founded in 1910 and chartered by an act of
Congress in 1916, the BSA's mission is to train youth in
responsible citizenship, character development, and self-reliance
through participation in a wide range of outdoor activities,
educational programs, and, at older age levels, career-oriented
programs in partnership with community organizations. Its national
headquarters is located in Irving, Texas.

The Boy Scouts of America and affiliate Delaware BSA, LLC, sought
Chapter 11 protection (Bankr. D. Del. Lead Case No. 20-10343) on
Feb. 18, 2020, to deal with sexual abuse claims.

Boy Scouts of America was estimated to have $1 billion to $10
billion in assets and at least $500 million in liabilities as of
the bankruptcy filing.

The Debtors have tapped Sidley Austin LLP as their bankruptcy
counsel, Morris, Nichols, Arsht & Tunnell LLP as Delaware counsel,
and Alvarez & Marsal North America, LLC, as financial advisor. Omni
Agent Solutions is the claims agent.

The U.S. Trustee for Region 3 appointed a tort claimants' committee
and an unsecured creditors' committee on March 5, 2020.  The tort
claimants' committee is represented by Pachulski Stang Ziehl &
Jones, LLP, while the unsecured creditors' committee is represented
by Kramer Levin Naftalis & Frankel, LLP.


CENTER FOR ASBESTOS: DOJ, HHS Want Bankruptcy Case Tossed
---------------------------------------------------------
James Nani of Bloomberg Law reports that the Justice and Health
Departments are seeking a dismissal of The Center for Asbestos
Related Disease Inc.'s bankruptcy case.

The case should be tossed because it doesn't have funds to
reorganize and it filed the case in bad faith, the federal
government said.

The Montana-based nonprofit can't use money from government grants
to back a reorganization plan because the grant funds aren't
property of its estate, a US attorney representing the Department
of Health & Human Services said in court papers Tuesday, Dec. 6,
2023.  The organization doesn't appear to have sufficient funding
outside of the grant money to support a plan, HHS said.

          About Center for Asbestos Related Disease

Center for Asbestos Related Disease, Inc., addresses healthcare
issues associated with Libby amphibole (previously called
tremolite) asbestos.

Center for Asbestos Related Disease sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Mont. Case No. 23-90135)
on Aug. 7, 2023.  In the petition signed by Tracy J. McNew,
executive director, the Debtor disclosed up to $500,000 in assets
and up to $10 million in liabilities.

Patten, Peterman, Bekkedahl & Green, PLLC, serves as the Debtor's
counsel.


CHESTER T. MACK: Files Emergency Bid to Use Cash Collateral
-----------------------------------------------------------
Chester T. Mack, LLC asks the U.S. Bankruptcy Court for the Western
District of Texas, El Paso Division, for authority to use the cash
collateral of Wells Fargo Bank, N.A. and provide adequate
protection.

Wells Fargo Bank, N.A. holds the mortgage upon the buildings in the
approximate amount of $2.08 million. The property is appraised on
the tax roll at 2.4 million. There are real property taxes owed in
the amount of approximately $270,000. Wells Fargo Bank, N.A. also
is secured by inventory and accounts receivable of a co-debtor on
the building note, Uzodinma Raphael Dim, MD, PA.

As adequate protection for that use, Debtor proposes the following
treatment of Wells Fargo Bank, N.A.'s claim in the case:

a. A replacement lien upon the Debtor's land and building; to the
extent of the current balance of the account;

b. Adequate protection payments upon the real estate lien note in
the amount of $11,000 per month commencing December 26, 2023, with
a like payment on the 26th of each month thereafter;

c. A covenant that the Debtor will use the cash collateral only in
the ordinary course of business and according to the operating
budget which the Debtor will propose, so that the Debtor's
expenditures thereon will not exceed 110% of the total budget or
110% of any single line item thereon, without the advance written
consent of Wells Fargo Bank, N.A. first obtained.

d. Access to the monthly operating reports in the case, to see what
income the Debtor is receiving and what expenses it is paying;

e. Confining of the Debtor's expenses to an operating budget, to be
furnished in time for a final hearing upon use of cash collateral.

f. Keeping the real property insured against fire and the usual
hazards, for up to 80% of the Wells Fargo note balance.

g. Making suitable provisions for the real property taxes upon the
Property through the Plan of Reorganization which will be filed
within 90 days of petition date, including taxes for calendar year
2024, which will be payable in January of 2025. Nothing will
operate to prime the ad valorem tax liens of the City of El Paso.

A copy of the motion is available at https://urlcurt.com/u?l=pvPa97
from PacerMonitor.com.

                    About Chester T. Mack, LLC

Chester T. Mack, LLC owns a commercial building located at 2200
George Dieter Dr., El Paso, TX valued at $2.4 million.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 23-31275) on December 1,
2023. In the petition signed by Uzodinma Raphael Dim, managing
member, the Debtor disclosed $2,403,481 in assets and $2,295,130 in
liabilities.

James Jopling, Esq. represents the Debtor as legal counsel.


COMMUNITY HEALTH: Fitch Lowers LongTerm IDR to 'CCC+'
-----------------------------------------------------
Fitch has downgraded the Long-Term Issuer Default Rating (IDR) of
Community Health Systems, Inc. and subsidiary CHS/Community Health
Systems, Inc. (CHS) to 'CCC+' from 'B-'. Fitch has also downgraded
the ratings on the ABL and first-lien senior secured notes from
'BB-'/'RR1' to 'B+'/'RR1', the second-lien senior secured notes
from 'CCC'/'RR6' to 'CCC-'/'RR6', and the senior unsecured notes
from 'CCC-'/'RR6' to 'CC'/'RR6'.

Fitch's downgrade of the IDR to 'CCC+' reflects reduced EBITDA and
FCF estimates for CHS driving its near-term expectation of CHS
sustaining Fitch-defined EBITDA leverage above the 7.0x-8.0x range
appropriate for a 'B-' IDR. While improved volumes and normalizing
of temp labor costs helped EBITDA margins rebound from
pandemic-driven lows of about 10.5% in 2022 to 11.5%-12.0% in 2023,
Fitch now expects more limited progress on margins and FCF,
reducing forecasted debt reduction, for 2024-2026.

KEY RATING DRIVERS

Higher for Longer Leverage Raises Refi Risk: Reduced 2023 EBITDA
and FCF expectations and Fitch's revised 2024-2025 EBITDA Leverage
and FCF estimates are no longer consistent with a 'B-' IDR, with
Fitch-defined leverage now expected to exceed that rating's
7.0x-8.0x sensitivity range through YE 2025, rather than recapture
it in 2024 as Fitch previously expected. Fitch further sees an
elongated period of elevated leverage boosting risk of distressed
debt exchanges, especially amid weaker capital markets.

Profitability in Flux: After years of repositioning its facility
portfolio via divestitures and improving its cost structure, CHS
recaptured mid-teens EBITDA margins (before NCI distributions) in
2021 (closer to the levels of its higher-rated peers), only for
COVID pressures to set margins back to about 10.5% in 2022. With
post-pandemic temp staffing costs normalizing, recruitment and
retention trends improving and volumes rebounding, EBITDA margins
have improved to 11.5%-12.0% in 2023, which is positive but
somewhat below its previous expectations.

Fitch currently expects margins to improve modestly but remain
rangebound near term, with pricing outpaced by labor cost inflation
and with other operating costs remaining elevated amid adverse
trends in medical specialist expense. This compares with its
previous expectation of further operating improvement driving more
rapid deleveraging.

Free Cash Flow Below Expectations: Fitch has reduced its estimates
for CFO-CapEx from 2%-3% of debt to 0%-1% of debt, which is more in
line with that observed from 'CCC+' IDRs. The reduction reflects
reduced EBITDA growth expectations and higher-than-expected cash
tax obligations and working capital uses, including payments for
legal matters, and other timing-related issues (billing delays
related to physician insourcing and clinical system upgrades) and
accounting optics (deferred compensation payments in CFO that were
fully funded by sales of investments).

With negative FCF expected in 2023, clearly lagging Fitch's
forecast, Fitch's reduced FCF expectations are directionally
consistent with CHS reducing its 2023 operating cash flow guidance
from $675 million-$825 million to $400 million-$450 million.
Moreover, with Fitch now expecting lower FCF over its forecast,
Fitch has reduced its expectations for FCF driving debt reduction
in 2024-2026. While not reflected within its forecast, Fitch notes
that CHS could pursue and complete further deleveraging
divestitures, including that of two North Carolina hospitals for
$320 million, which has drawn an FTC review rendering its closing
somewhat uncertain.

DERIVATION SUMMARY

The company's 'CCC+' Long-Term IDR reflects meaningfully higher
leverage relative to that of its closest hospital industry peers
Tenet Healthcare Corp. (THC; B+/Stable), Universal Health Services,
Inc. (UHS; BB+/Stable) and HCA Healthcare, Inc. (HCA). With
Fitch-defined EBITDA leverage expected to remain over 8.0x near
term, Fitch sees CHS debt entailing higher risk of potential
distressed debt exchanges, with refinancing of material debt due in
2026-2027 potentially requiring access to favorable capital markets
and a lower interest rate environment.

CHS has a weaker operating profile than its higher-rated hospital
industry peers, including THC, UHS and HCA. By contrast, CHS's
assets are generally located in smaller urban markets, suburban
markets and non-urban markets with organic growth prospects that
Fitch views as less robust. Fitch now expects CHS's margins to
improve only modestly in the near term, with its markets
potentially experiencing elevated labor expense and medical
specialist costs, as well as potentially higher exposure to
uninsured volumes as Medicaid redeterminations take hold in 2024
and beyond. Fitch expects CHS to continue divesting hospitals to
help reduce debt while focusing on optimizing its operating costs.

The company's 'CCC+' IDR also reflects financial flexibility that
is more constrained than that of its higher-rated hospital peers.
This includes lower interest coverage reflecting the greater
structural burden of its highly-leveraged capital structure, and
recent shortfalls in generating FCF, especially relative to the
considerable FCF generated by its closest peers, despite solid
volume growth and considerable reductions in temporary staffing
costs in 2023.

The IDRs of CHS/Community Health Systems Inc. and Community Health
Systems Inc. are the same due to strong legal and operational ties
between the entities. In applying its Parent and Rating Subsidiary
Linkage Criteria, Fitch applies the weak parent/strong subsidiary
approach as the only asset of parent Community Health Systems, Inc.
is its 100% ownership of CHS/Community Health Systems Inc., which
is the indirect owner of all CHS operating subsidiaries. Fitch
believes legal ring-fencing, access and control are open and
therefore assesses the issuers on a consolidated basis.

KEY ASSUMPTIONS

- Revenue growth of 5% in 2023 and 4%-5% in 2024, both
ex-divestitures, then 3% in 2025-2026, driven by an even split of
volume growth and mix-adjusted pricing upside;

- EBITDA margin (before NCI distributions) improving by 130 bps to
11.7% in 2023, increasing about 20 bps to 11.9% in 2024-2025, and
then about 20 bps to 12.1% in 2026, reflecting top line growth and
cost optimization efforts, offset by labor cost inflation and
increases in medical specialist expense;

- Negative FCF in 2023 turning modestly positive in the range of
0%-1% of revenue thereafter (with CapEx at 3.8% of revenue);

- EBITDA Leverage (after NCI distributions) of 8.6x at YE 2023,
declining to 8.4x by YE 2024, 8.1x by YE 2025 and 7.6x by YE 2026;

- Debt repayment, net of about $150 million in estimated revolver
borrowings, of about $250 million in 2023 (using cash sourced from
2023 divestitures), none in 2024-2025, and about $200 million in
2026.

RECOVERY ANALYSIS

Fitch estimates an enterprise value (EV) on a going concern (GC)
basis of $8.8 billion for CHS, after a deduction of 10% for
administrative claims. The EV assumption is based on
post-reorganization EBITDA after distributions to noncontrolling
interests of $1.4 billion and a 7.0x EV/EBITDA multiple, the latter
reflecting a history of acquisition multiples for large hospital
operators with business profiles similar to CHS of 7.0x-10.0x since
2006 and the average public trading multiple (EV/EBITDA) of its
peer group (HCA, UHS and THC), which has ranged from 6.5x to 9.5x
since 2011.

GC EBITDA of $1.4 billion (net of NCI distributions) is just above
Fitch's 2023 EBITDA expectation of $1.3 billion (net of NCI
distributions). This reflects Fitch's view that current EBITDA
levels, were they to persist, could potentially portend a
restructuring and that modestly higher levels of EBITDA should be
achievable from its asset base. No adjustment to GC EBITDA or
reduction to outstanding debt was assumed, despite Fitch's
expectation that divestitures with proceeds of nearly $300 million
will be used to repay debt, as sensitivity testing revealed no
change in notching would result therefrom.

GC EBITDA further reflects Fitch's view that the spike in temporary
staffing costs and the constraints of staffing shortages on volume
growth that burdened EBITDA in 2022 are unlikely to be durable over
several years, as operating improvement in 2023 thus far suggests.
Fitch's GC EBITDA estimate also considers attributes of the acute
care hospital sector, including the high share of revenue generated
by government payors (30%-40%) posing risk of unforeseen regulatory
changes, the legal obligation to treat uninsured patients creating
a potentially material unfunded mandate, and the highly-regulated
nature of the hospital industry generally.

RATING SENSITIVITIES

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

- An expectation of Fitch-defined EBITDA Leverage sustained at 8.0x
or below;

- CFO-CapEx/Debt turning positive and sustained at levels above
1.5%.

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

- An expectation of a near-term distressed debt exchange (as
defined by Fitch) or that a default, bankruptcy or restructuring is
increasingly likely as CHS's nearest-term debt maturity
approaches;

- Accelerating negative CFO-CapEx/Debt.

LIQUIDITY AND DEBT STRUCTURE

Liquidity stood at $770 million as of Sept. 30, 2023, which Fitch
views as supportive of the credit in the near term. This includes
$91 million in cash and $679 million available under its $1.0
billion ABL revolver due Nov. 2026 ($230 million drawn with $82
million in LCs). In addition to the revolver, CHS's nearest debt
maturity is the 8.000% first-lien senior secured notes due 2026
($2.1 billion outstanding at September 30). Liquidity also benefits
from $294 million in divestiture proceeds received in Dec. 2023
from the sale of three Florida hospitals (another divestiture of
two North Carolina hospitals for $320 million in cash has drawn an
FTC review, rendering its closing somewhat uncertain).

ISSUER PROFILE

CHS/Community Health Systems, Inc., a subsidiary of publicly traded
Community Health Systems, Inc. (CYH), is the one of the largest
for-profit operators of general acute care hospitals in the U.S. by
revenue, operating over 1,000 sites of care in 43 distinct markets
across 15 states, including 76 affiliated hospitals with over
12,000 beds as of Sept. 30, 2023. Community Health Systems offers
inpatient and outpatient medical and surgical services, including
general acute care, emergency care, critical care, general and
specialty surgery, internal medicine, obstetrics, diagnostic
services, psychiatric care and rehabilitation care, with a focus on
larger non-urban markets and selected urban markets.

ESG CONSIDERATIONS

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

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.

   Entity/Debt              Rating          Recovery   Prior
   -----------              ------          --------   -----
CHS/Community Health
Systems, Inc.         LT IDR CCC+ Downgrade            B-

   senior unsecured   LT     CC   Downgrade   RR6      CCC-

   senior secured     LT     B+   Downgrade   RR1      BB-

    Senior Secured
    2nd Lien          LT     CCC- Downgrade   RR6      CCC

    super senior      LT     B+   Downgrade   RR1      BB-

Community Health
Systems, Inc.         LT IDR CCC+ Downgrade            B-


CONNEXA SPORTS: General Counsel's Base Salary Increased to $216K
----------------------------------------------------------------
Connexa Sports Technologies Inc. disclosed in a Form 8-K filed with
the Securities and Exchange Commission that it entered into a new
employment agreement with Mark Radom who has been the Company's
general counsel since Sept. 16, 2019, for a term of three years.

The Employment Agreement increases Mr. Radom's annual salary from
$150,000 to $216,000 (subject to adjustment), provides for a
minimum annual bonus of 25% of the then applicable salary and the
right to be indemnified to the extent that Mr. Radom is made a
party or threatened to be made a party to any action, suit, or
proceeding, whether civil, criminal, administrative, or
investigative.

                          About Connexa Sports

Headquartered in Windsor Mill, Maryland, Connexa Sports --
www.connexasports.com -- is a connected sports company delivering
products, technologies, and services across a range of activities
in sports.

Connexa Sports reported a net loss of $71.15 million for the year
ended April 30, 2023, compared to a net loss of $51.77 million for
the year ended April 30, 2022. As of April 30, 2023, the Company
had $7.11 million in total assets, $25.72 million in total
liabilities, and a total stockholders' deficit of $18.61 million.

Lagos, Nigeria-based Olayinka Oyebola & Co., the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated Sept. 14, 2023, citing that the Company suffered an
accumulated deficit of $(151,750,610), net loss of $(71,153,685)
and a negative working capital of $(18,775,991).  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


CROSSED INDUSTRIES: Court OKs Cash Collateral Access Thru Jan 2025
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division, authorized Crossed Industries, LLC to use cash collateral
on an interim basis in accordance with the budget, through January
25, 2024.

The Debtor is permitted to use cash collateral to pay: (a) amounts
expressly authorized by this Court, including payments to the
United States Trustee for quarterly fees; (b) the current and
necessary expenses set forth in the budget; and (c) additional
amounts as may be expressly approved in writing by The Huntington
National Bank.

As adequate protection, Huntington National Bank will have a
perfected post-petition lien against cash collateral to the same
extent and with the same validity and priority as the pre-petition
lien, without the need to file or execute any documents as may
otherwise be required under applicable non-bankruptcy law.

The Debtor will maintain insurance coverage for its property in
accordance with the obligations under the loan and security
documents with Secured Creditors.

A continued preliminary hearing on the matter is set for January
25, 2024, at 10:30 a.m.

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

                     About Crossed Industries

Crossed Industries, LLC, a company in Haines City, Fla., offers
accessories for fishing, boating, hunting, and outdoor industries.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-05249) on Nov. 20,
2023, with $338,530 in assets and $1,436,832 in liabilities.
Charles B. Hickcox III, managing member, signed the petition.

Judge Roberta A. Colton oversees the case.

Jeffrey S. Ainsworth, Esq., at Bransonlaw, PLLC represents the
Debtor as legal counsel.


CVR ENERGY: Fitch Gives 'BB-' Rating on $600MM Unsec. Debt
----------------------------------------------------------
Fitch rates CVR Energy, Inc.'s (CVI) proposed $600 million 8.50%
new senior unsecured 2029 notes 'BB-'/'RR4', in line with CVI's
existing senior unsecured debt ratings. This new issuance, along
with cash on hand, will be used to redeem CVI's outstanding $600
million 5.25% senior unsecured 2025 notes on or after Feb. 15,
2024. Fitch notes CVI's debt will be elevated in the short-term
from closing of the new issuance until repayment of the 2025 notes
in February 2024 when its redemption price is equal to 100% of the
principal amount plus accrued and unpaid interest.

KEY RATING DRIVERS

Fitch currently rates CVI's Issuer Default Rating 'BB-' with a
Stable Rating Outlook. The rating reflects the company's
medium-sized operations, an average complexity rating of 10.8, and
relatively low operating costs. The company (excluding non-recourse
CVR Partners) has approximately $1.05 billion in liquidity as of
Sept. 30, 2023 (CVI cash of $800 million), proposed refinancing of
its 2025 notes with no near-term note maturities until 2028, which
should provide for more than adequate ability to service current
operations. The renewable diesel conversion was completed in April
2022, which assists CVI in reducing environmental obligations.

These factors are offset by the company's relatively small size,
exposure to volatile crack spreads and oil differentials, and
historically, high shareholder distributions. The Nitrogen
Fertilizer segment is non-recourse, although it can be a source of
cash at times through its approximately 37% ownership and
corresponding distributions.

Adequate Liquidity: Fitch believes CVI has adequate liquidity, with
cash on hand of $800 million and $251 million of availability under
its undrawn revolver as of Sept. 30, 23, excluding CVR Partners.
Fitch continue to monitor cash balances closely given the higher
reliance on cash following the recent shift in structural liquidity
with the reduction in the credit facility in November 2022. The
company has historically not drawn on the facility with LOCs
currently outstanding. Following the proposed issuance and
refinancing of its 2025 notes, there will be no near-term note
maturities until 2028.

Fitch expects CVI to continue to generate positive FCF over the
forecast as refinery economics gradually moderate to pre-pandemic
levels. CVR Partners is nonrecourse, but must distribute all its
available cash less reserves (as defined) to unitholders. CVI's
approximate 37% ownership of CVR Partners implies these
distributions could be an additional source of liquidity. CVI
historically had an aggressive dividend policy and has paid $4.00
per share in 9M23 through ordinary and special dividends funded
with positive FCF.

Strong 2022 Results: North American refiners experienced
blockbuster 2022 results, driven by record crack spreads, with
NYMEX 2-1-1 and Group 3 2-1-1 spreads in the $40 barrel
(bbl)-$50bbl for much of the driving season, compared with
normalized levels in the $10bbl-$20bbl range. Crack spreads
decreased from 2022 highs but remain well above midcycle levels.

Cautious Macroeconomic Outlook: Fitch remains cautious given
refining remains one of the most cyclical corporate sectors, and is
subject to periods of boom and bust, with sharp swings in crack
spreads over the cycle. In addition to cyclical challenges, the
sector is also facing secular challenges with the growth of
electric vehicles, which could reduce demand for refined
hydrocarbons.

Challenging Regulatory Environment: Fitch believes CVI's renewable
identification numbers (RINs) obligations will be manageable in the
near term. RIN prices remained elevated throughout 2022 but have
moderated considerably in the second half of 2023. CVI reduced its
RIN exposure through increased biofuel blending and renewable
diesel production following the completion of its renewable diesel
project in April 2022.

In previous years, CVI's Wynnewood refinery received a Small
Refinery Exemption that also reduced RIN exposure. The company has
been denied this exemption since 2019 and is pursuing legal action
to regain it. Fitch's forecasts do not assume an exemption given
the uncertainty of this issue.

Renewable Diesel Project: Fitch believes renewable diesel
production acts as a cash flow hedge against rising RINs costs and
improves CVI's emissions profile as part of a larger ESG strategy.
The company converted its 19,000 barrels per day (bpd) Wynnewood
hydrocracker to process up to 100 million gallons per year of
refined, bleached, and deodorized soybean oil and distiller's corn
oil to produce renewable diesel and renewable naphtha. In addition
to generating RINs, this generates credits from the Blended Tax
Credit and Low Carbon Fuel Standard, and reduces CVI's RINs
obligations.

CVI can return the unit to hydrocarbon processing if the margin
differential between renewables and hydrocarbons changes. CVI is
also building a pre-treatment unit for processing raw soybean oil,
corn oil and animal fats that would reduce the premium paid for
pre-treated feedstocks and potentially lower the carbon intensity,
generating higher LCFS credit values. The company identified
similar renewable opportunities at its Coffeyville refinery.

CVR Partners, LP Affiliate: CVR Partners is nonrecourse to the debt
issued at CVI and CVR Refining, LP. CVI explored the potential
spinoff of CVR Partners, however, decided not to proceed at this
time. Fitch does not expect CVI will provide credit support to CVR
Partners, which is required to distribute its available cash (as
defined) to its unitholders. Fitch expects this to be a source of
cash for CVI given its ownership of 37% of the units, which could
be material during periods of high ammonia, and urea and ammonium
nitrate (UAN) prices.

Size and Regional Concentration: CVI's ratings reflect the business
risk associated with its medium-sized operations and location
concentration. Its combined crude oil processing capacity is
206,500bpd, with an average complexity of 10.8, and its plants are
located in Group 3 of PADD II. The company's two refineries are
strategically located near Cushing, OK, with access to over
250,000bpd of production across the Midwest. However, CVI is an
inland refiner with limited export options. The company has a
strong asset portfolio of over 1,100 miles of owned and joint
venture pipelines with over 7 million barrels of crude oil and
product storage, 39 lease automatic custody transfer (LACT) units
and 115 crude and liquefied petroleum gases (LPG) tractor
trailers.

DERIVATION SUMMARY

CVI's ratings reflect its status as a medium-sized Mid-Continent
complex refiner with two refineries and approximately 206,500bpd of
nameplate capacity. The company's refining capacity is smaller than
peers Valero Energy Corporation (BBB/Stable), with 2.6 million
barrels per day (mmbpd) of throughput capacity, and Marathon
Petroleum Corporation (BBB/Stable) with 2.9mmbpd. CVI is also
smaller than peers PBF Holdings Company LLC (BB/Stable) with
1.0mmbpd and HF Sinclair Corporation (BBB-/Stable) with 678,000
bpd.

The company's refining asset quality is strong and advantaged in
several ways. Geographically with a concentration of
price-advantaged capacity in the Mid-Continent and operationally
with flexibility to take advantage of light, heavy and sour crude.
CVI also has a strong logistics system that allows the company to
easily transport and store crude oil and refined products.

RATING SENSITIVITIES

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

- Greater earnings diversification and scale, or evidence of lower
cash flow volatility;

- Reduced exposure to environmental and regulatory obligations due
to increased focus on renewables;

- Midcycle EBITDA leverage at or below 2.0x.

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

- Material reduction in liquidity over a sustained period;

- A disproportionate increase in dividends or a share-repurchase
program that leads to a material reduction in liquidity;

- Midcycle EBITDA leverage over approximately 3.0x;

- Material regulatory changes that can potentially reduce
earnings.

LIQUIDITY AND DEBT STRUCTURE

Sufficient Near-Term Liquidity: CVI (excluding CVR Partners) had
$800 million of cash and $251 million of availability under credit
facilities as of Sept. 30, 2023. CVR Refining, LP has a $275
million senior secured asset-based lending (ABL) credit facility
due June 2027. Only LOCs of $24 million are currently outstanding.

Fitch believes that existing liquidity should allow CVI to support
operational and debt obligations in the near term with the
expectation that continued improved refining economics will provide
more than adequate liquidity over the forecasted time horizon.

Refinancing risk reduces with the proposed 8.50% 2029 note issuance
as funds will be used to repay the 2025 notes. Following the
repayment, the next maturity is the 2028 notes.

CVR Partners' (fertilizer business) only bond maturity is its $550
million, 6.125% secured note due June 2028.

ISSUER PROFILE

CVR Energy, Inc. is a diversified holding company that primarily
engages in petroleum refining, renewable fuels and nitrogen
fertilizer manufacturing. CVR's petroleum segment is composed of
two Mid-Continent refineries (Coffeyville and Wynnewood) and
associated logistics assets.

ESG CONSIDERATIONS

CVR Energy, Inc. has an ESG Relevance Score of '4' for Governance
Structure as Mr. Carl C. Icahn owns approximately 66% of the voting
power of the common stock. The substantial ownership concentration
has a negative impact on the credit profile and is relevant to the
rating in conjunction with other factors.

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.


DERMATOLOGY INTERMEDIATE: S&P Rates New $100MM Term Loan B
----------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to Dermatology Intermediate Holdings II Inc.
subsidiary Dermatology Intermediate Holdings III Inc.'s proposed
incremental first-lien term loan. The parent is doing business as
Forefront Dermatology. The '3' recovery rating indicates S&P's
expectation for meaningful (50%-70%; rounded estimate: 50%)
recovery in the event of a default. S&P expects the company to use
the $100 million of proceeds to repay $73 million of revolving
credit facility borrowings and for acquisitions, earnout payments,
investments for pathology laboratory and medical aesthetics, and
financing fees. S&P's 'B' issuer credit rating on the company and
'B' issue-level rating and '3' recovery rating on the company's
existing term loan facility is unchanged.

ISSUE RATINGS—RECOVERY ANALYSIS

Key analytical factors

-- Forefront Dermatology's proposed capital structure comprises a
$95 million revolver due in 2027 (assumed 85% drawn at default), a
$535 million first-lien term loan due in 2029, $100 million
incremental first-lien term loan due in 2029, and a $100 million
first-lien delayed draw term loan (assumed 100% drawn at default).

-- S&P has valued the company on a going-concern basis using a
5.5x multiple of its projected emergence EBITDA of $81 million,
consistent with its treatment of small, specialized health care
service peers.

-- S&P based its simulated default on a default in 2026 because of
lower same-facility growth, chronic integration issues, and a
decrease in third-party reimbursement rates.

Simulated default assumptions

-- Simulated year of default: 2026
-- Implied enterprise value (EV) multiple: 5.5x
-- EBITDA at emergence: $81 million

Simplified waterfall

-- Net EV at default (after 5% administrative costs): $422
million

-- Collateral value available to secured debt: $422 million

-- First-lien secured debt: $824 million

    --Recovery expectations: 50%-70%; rounded estimate: 50%

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



DONELSON CORPORATE: Case Summary & Five Unsecured Creditors
-----------------------------------------------------------
Debtor: Donelson Corporate Centre, Limited Partnership
        103 Continental Place Suite 200
        Brentwood, TN 37027

Business Description: The Debtor owns real property located at
                      3055 Lebanon Pike, Nashville, TN 37214
                      having an appraised value of $36 million.

Chapter 11 Petition Date: December 8, 2023

Court: United States Bankruptcy Court
       Middle District of Tennessee

Case No.: 23-04512

Judge: Hon. Marian F. Harrison

Debtor's Counsel: Robert J. Gonzales, Esq.
                  EMERGELAW, PLC
                  4235 Hillsboro Pike, Suite 300
                  Nashville, TN 37215
                  Tel: (615) 815-1535
                  Email: ecf@emerge.law

Total Assets: $42,311,296

Total Liabilities: $16,472,593

The petition was signed by Floyd Shechter as chief manager of JS
Development, LLC (General Partner).

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

https://www.pacermonitor.com/view/RESZDBY/Donelson_Corporate_Centre_Limited__tnmbke-23-04512__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Five Unsecured Creditors:

   Entity                            Nature of Claim  Claim Amount

1. A&S Electric                        Trade Debt           $7,597
80 Cleveland Street
Brentwood, TN
37027

2. Mechanical Resource Group LLC       Trade Debt          $23,953
750 Melrose Ave.
Nashville, TN 37211

3. Office of the                       Real Property       
$473,000
Metropolitan Trustee                     Taxes
700 2nd Ave S
Nashville, TN 37210

4. The Dutch Touch                     Trade Debt          $59,205
Painting Inc.
2513 Winford Ave.
Nashville, TN 37211

5. Wellspring Builders LLC            Construction        $204,857
3803 Central Pike                         Work
Hermitage, TN
37076


ECP OWNER 1: Court OKs Interim Cash Collateral Access
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of Columbia authorized
ECP Owner 1 LLC and affiliates to use cash collateral on an interim
basis, in accordance with the budget.

JPMorgan Chase Bank, N.A. holds a first priority perfected lien and
security interest on cash collateral, and  Local Initiatives
Support Corporation holds a second priority perfected lien and
security interest on cash collateral, pursuant to 11 U.S.C. Section
363.

As of the Petition Date, the aggregate amount outstanding under the
Chase Loan Portfolio A Facility was not less than $7.219 million.

As of the Petition Date, the aggregate amount outstanding under the
Chase Loan Portfolio B Facility was not less than $8.506 million.

Pursuant to the Loan Agreement dated as of June 20, 2019, among (i)
the Loan Portfolio A Borrowers as borrowers under the LISC Loan
Portfolio A Documents and (ii) Local Initiatives Support
Corporation, LISC provided a loan and other financial
accommodations to the Loan Portfolio A Borrowers pursuant to the
LISC Loan Portfolio A Credit Agreement Documents.

As of the Petition Date, the aggregate principal amount outstanding
under the LISC Loan Portfolio A Facility was not less than $3.9
million and under the LISC Loan Portfolio B Facility the aggregate
principal amount outstanding was not less than $4.6 million.

The Secured Creditors will be provided with the following adequate
protection under the Interim Order: (i) a replacement lien on all
the post-petition assets of the Debtors pursuant to 11 U.S.C.
Section 361 to the extent of diminution in the value of the Secured
Creditors' interest in cash collateral; and (ii) administrative
priority expense claims pursuant to 11 U.S.C. Section 507(b), to
the extent there is a diminution in the value of the Secured
Creditors' interest in cash collateral. The lien and administrative
claim provided to Chase under the Interim Order will be senior in
priority to the lien and administrative claim provided to LISC. The
replacement liens and administrative priority claims will not
attach to any causes of action of the Debtors arising under chapter
5 of the Bankruptcy Code.

The Debtors are required to comply with these milestones:

      (i) no later than 75 days after the Petition Date, the Court
must have entered the Final Order;

     (ii) no later than 90 days after the Petition Date, the
Debtors must have filed the plan and disclosure statement with the
Court;

    (iii) no later than 120 days after the Petition Date, the Court
must have entered an order approving the disclosure statement;

     (iv) no later than 150 days after the Petition Date, the Court
must have entered the confirmation order; and

      (v) no later than 180 days after the Petition Date, the plan
effective date must have occurred.

A final hearing on the matter is set for January 10, 2024 at 10
a.m.

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

                       About ECP Owner 1 LLC

ECP Owner 1 LLC is primarily engaged in renting and leasing real
estate properties.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. DC Case No. 23-00326) on November 1,
2023. In the petition signed by Robert B. Margolis, manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Elizabeth L. Gunn oversees the case.

Kristen E. Burgers, Esq., at Hirschler Fleischer PC, represents the
Debtor as legal counsel.


FREEDOM FACILITY: Seeks Cash Collateral Access
----------------------------------------------
Freedom Facility Maintenance LLC asks the U.S. Bankruptcy Court for
the Eastern District of New York for authority to use cash
collateral and provide adequate protection.

The Debtor requires the use of cash collateral to meet its day to
day obligations and to remit adequate protection payments to this
creditor, if it holds a valid lien.

Fox Capital is a creditor of the Debtor by virtue of an alleged
purchase agreement entered into by the Debtor with Fox wherein the
Debtor pledged its accounts receivable to Fox in exchange for an
advance of funding by Fox. Fox may have perfected a security
interest in the receivables of the Debtor but Fox has not provided
any documentation with the exception of a copy of a UCC filing that
does not name Fox directly as a secured party. Further, it is
unclear as to whether Fox holds a first position lien against the
subject receivables in that a UCC lien search obtained by the
Debtor reflects two possible other liens of a possible similar
nature that are superior in priority to the lien alleged by Fox.

Transformco Properties DMC Facility Services, Springwise Facility
Manangement and JKL Solutions USA are customers of the Debtor that
owe the Debtor various sums for work labor and services rendered
pre-petition by the Debtor to these entities.

As of the date of the petition, the Debtor had cash on hand and its
pre-petition operating account of approximately $500.  

As of the date of the petition, the Debtor had assets of
approximately $455,000, inclusive of $350,000 in accounts
receivables and debts of approximately $497,000 of which only
$136,000 is owed to Fox.

A copy of the motion is available at https://urlcurt.com/u?l=vvxB67
from PacerMonitor.com.

              About Freedom Facility Maintenance LLC

Freedom Facility Maintenance LLC a facility maintenance service
contractor serving various companies throughout the New York
Metropolitan area.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.Y. Case No. 8-23-74389-las) on
November 22, 2023. In the petition signed by Thomas M. Graff,
managing member, the Debtor disclosed up to $500,000 in both assets
and liabilities.

Richard S Feinsilver, Esq. represents the Debtor as legal counsel.


FTX GROUP: Banks, YouTubers, Athletes Want Out of Litigation
------------------------------------------------------------
Jeff Montgomery of Law360 reports that attorneys for celebrities,
sports figures, prominent investors and financial institutions have
rushed a federal court in Florida with briefs contesting personal
liability in connection with the collapse of the FTX cryptocurrency
exchange, disputing claims that their positive public comments
fueled a multibillion-dollar crypto bust.

                        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
billion 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.


GBC EXPRESS: Bid to Use Cash Collateral Denied
----------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
denied the motion to use cash collateral filed by GBC Express, LLC
due to various factors including the opposition filed by secured
creditor Commercial Credit Group Inc.

A continued hearing on the matter is set for December 21, 2023 at
9:30 a.m. To the extent that the Debtor desires to renew its
request for interim and/or final use of cash collateral in advance
of the continued hearing, the Debtor must submit any and all
additional briefing and/or evidence no later than December 18,
2023.

As previously reported by the Troubled Company Reporter, the Debtor
sought to use cash collateral for payment of all other ordinary and
necessary ongoing operating expenses.

Facing mounting collection pressure from creditors, and the
imminent repossession of the Debtor's fleet, the Debtor filed for
protection under Chapter 11, Subchapter V, in order to remain in
business.

Based on a search of the Washington State Department of Licensing,
performed on September 22, 2023, the Debtor has identified UCC-1
financing statements.

The creditors with an interest in the Debtor's cash collateral are
Commercial Credit Group, WABASH National Finance Services, Engs
Commercial Finance, Co., Volvo Financial Services (VFS), Blue
Bridge Financial, LLC, Amur, North Mill Credit Trust, and Alliance
Funding Group.

A copy of the order is available at https://urlcurt.com/u?l=gc1g6Q
from PacerMonitor.com.

                      About GBC Express, LLC

GBC Express, LLC is a trucking company in Bellevue, Washington. The
Debtor sought protection under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. W.D. Wash. Case No. 23-11814) on September 26, 2023.
In the petition signed by Mihail Nicoara, president, the Debtor
disclosed $2,653,339 in assets and $4,543,064 in liabilities.

Judge Marc Barreca oversees the case.

Steven Palmer, Esq., at Curtis, Casteel & Palmer, PLLC, represents
the Debtor as legal counsel.


GREATER LIBERTY: Court OKs Cash Collateral Access Thru Feb 2024
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized Greater Liberty Pentecostal Church, Inc. to use cash
collateral on an interim basis, in accordance with the budget,
through February 13, 2024.

On March 31, 2014, the Debtor executed and delivered to TD Bank a
Mortgage Loan Note to secure the sum of $380,000.

As additional security for payment of the Loan, the Debtor, on
March 31, 2014, executed, acknowledged and delivered to TD Bank a
Mortgage and Security Agreement in the amount of $380,000
encumbering the real property known as and located at 450 East
172nd Street, Bronx, New York 10457. The Mortgage was duly recorded
on April 25, 2014 in the Bronx County Clerk’s Office under
Instrument Number: 2014000141147.

As additional security for payment of the Loan, the Debtor, on
March 31, 2014, executed, acknowledged and delivered to TD Bank an
Assignment of Leases & Rents.

As of the Petition Date, TD Bank asserts that $725,288 is due and
owing by the Debtor to TD Bank under the Loan Documents.

TD Bank asserts that it holds a duly perfected security interest in
and lien upon the Property and rents generated arising therefrom.

As adequate protection for and to the extent of any decrease from
the Petition Date in the value of TD Bank's collateral arising from
the Debtor's use of cash collateral, upon entry of the Interim
Order, the Debtor will make two payments to TD Bank in the amount
of $3,547, which will be due and payable by the Debtor to TD Bank
on December 15, 2023 and on January 15, 2024.

As additional adequate protection for and to the extent of any
decrease from the Petition Date in the value of TD Bank's
collateral arising from the Debtor's use of cash collateral, TD
Bank is granted a valid, perfected, and enforceable, post-petition
replacement lien on and security interest in all of the Debtor's
assets constituting TD Bank's Pre-Petition Collateral and the
proceeds thereof; provided, however, the Replacement Lien will not
extend to the estate's avoidance claims under Sections 544, 547,
548, and 550 of the Bankruptcy Code.

The Replacement Lien(s) granted by the Interim Order are deemed
perfected, without the necessity of filing any documents or
otherwise complying with nonbankruptcy law in order to perfect
security interests and record liens, with such perfection being
binding upon all parties.

The Replacement Liens and the Super-Priority Claims will be
subordinate only to the fees and expenses of the Clerk of the
Bankruptcy Court and the fees of the Office of the U.S. Trustee
pursuant to 28 U.S.C. Section 1930(a) plus applicable interest on
any such fees, the fees and expenses of the Sub Chapter V Trustee
in an amount not to exceed $5,000 and the fees and commissions of a
hypothetical Chapter 7 Trustee in an amount not to exceed $5,000.
However, the Carve Out will be payable solely from assets in the
possession of the Debtor and not from TD Bank and none of the Carve
Out may be used for the enforcement of any objection to the TD Bank
Claim or actions against TD Bank.

The Debtor's authority to continue to use cash collateral will be
revoked without further order of the Court in the event of the
earliest to occur of any of the following:

a. Entry of any order dismissing the within case or converting the
within case to Chapter 7 of the Bankruptcy Code;

b. Entry of an order authorizing the appointment of a Chapter 11
trustee, or examiner with expanded powers in the Chapter 11 case;

c. The Debtor's failure to comply with any of the material terms or
conditions of the Interim Order and which failure is not cured
after three days written notice (whether by fax, e-mail, U.S. Mail,
or overnight delivery) to the Debtor's counsel, the Subchapter V
Trustee and the Office of the United States Trustee;

d. Entry of an order of the Court terminating the Interim Order;
and/or

e. Except as may be authorized by Order of the Court, the Debtor
granting, creating, incurring or suffering to exist any
post-petition liens or security interests other than those granted
pursuant to the Interim Order.

A final hearing on the matter is set for February 6, 2024 at 10
a.m.

A copy of the order is available at https://urlcurt.com/u?l=cWbdJ6
from PacerMonitor.com.

                       About Greater Liberty

Greater Liberty Pentacostal Church, Inc. filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 23-11473) on Sept. 11, 2023, with as much as $50,000 in
assets and $100,001 to $500,000 in liabilities. Jolene Wee of JW
Infinity Consulting, LLC has been appointed as Subchapter V
trustee.

Judge Philip Bentley oversees the case.

Anne J. Penachio, Esq., at Penachio Malara, LLP represents the
Debtor as legal counsel.


GSE SYSTEMS: Issues 127,889 Conversion Shares to Lind Global
------------------------------------------------------------
GSE Systems, Inc. disclosed in a Form 8-K filed with the Securities
and Exchange Commission that on Dec. 5, 2023, the Company issued
127,889 shares of Company Common Stock to Lind Global Fund II LP.
On Nov. 21, 2023, Lind Global issued a notice of conversion to the
Company pursuant to the Amended Note seeking to convert $166,000 of
outstanding principal into 127,889 shares of common stock of the
Company, par value $0.01 per share.  

On Feb. 23, 2022, GSE Systems entered into a Securities Purchase
Agreement with Lind Global, pursuant to which the Company issued to
Lind Global a secured, two-year, interest free convertible
promissory note in the principal amount of $5,750,000 and a common
stock purchase warrant to acquire 1,283,732 shares of the Company's
common stock, for a purchase price of $5,000,000.  On June 23,
2023, the Company amended and restated the Note to increase the
outstanding principal, extend the repayment period and amend
certain covenants.  On Oct. 6, 2023, the Company and Lind Global
entered into a further amendment to the Amended Note to amend the
covenant regarding the Company's market capitalization and to amend
the definition of conversion price.

                          About GSE Systems

Headquartered in Columbia, Maryland, GSE Systems -- www.gses.com --
is a provider of engineering services and technology, expert
staffing, and simulation software to clients in the power and
process industries.

Tysons, VA-based Forvis, LLP (formerly, Dixon Hughes Goodman LLP),
the Company's auditor since 2020, issued a "going concern"
qualification in its report dated April 17, 2023, citing that the
Company has incurred losses from operations for the year ended Dec.
31, 2022.  The auditor added that the continued decline in revenues
has significantly impacted the Company's operating results and
raises substantial doubt about the Company's ability to continue as
a going concern.


HARBOR CUSTOM: Files Voluntary Chapter 11 Bankruptcy Petition
-------------------------------------------------------------
Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW,
HCDIZ), a real estate company involved in all aspects of the land
development cycle, and certain of its wholly owned subsidiaries on
Dec. 11 disclosed that the Company has voluntarily filed for
protection under Chapter 11 of the United States Bankruptcy Code in
the Western District of Washington at Tacoma (collectively, the
"Chapter 11 cases") to pursue an orderly wind down or restructuring
of its business. The Company has filed a number of customary first
day motions with the Bankruptcy Court that will allow it to
continue operating in the ordinary course of business while it
prepares a Plan of Reorganization to ensure that it can maximize
value for the benefit of its creditors. HCDI will continue to
market and sell finished lots and homes and to operate multi-family
projects as they work towards stabilization.

Jeff Habersetzer, Interim CEO of HCDI, stated, "The Chapter 11
cases will provide the Company with time and breathing-room needed
to market and sell its real estate assets and right-size operations
for the benefit of the Company's creditors and stakeholders."

Additional Information

Resources for HCDI's creditors and equity interest holders can be
found by visiting the website at
https://cases.creditorinfo.com/hcdi, including court filings and
other documents related to the Chapter 11 process. Aditi Paranjype
at Cairncross & Hempelmann, P.S. is serving as lead bankruptcy
legal counsel to the Company.

                   About Harbor Custom Development

Harbor Custom Development, Inc., is a real estate development
company involved in all aspects of the land development cycle,
including land acquisition, entitlements, construction of project
infrastructure, home and apartment building, marketing, and sales
of various residential projects in Western Washington's Puget Sound
region; Sacramento, California; Austin, Texas; and Punta Gorda,
Florida.



HARBOR CUSTOM: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Harbor Custom Development, Inc.
           d/b/a Harbor Custom Homes
        1201 Pacific Avenue, Suite 1200
        Tacoma, WA 98402-4395

Business Description: The Debtor is a real estate development
                      company involved in all aspects of the land
                      development cycle, including land
                      acquisition, entitlement, development,
                      construction of project infrastructure, home

                      and apartment building construction,
                      marketing, and sales of various residential
                      projects.

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Western District of Washington

Case No.: 23-42180

Judge: Hon. Mary Jo Heston

Debtor's
Bankruptcy
Counsel:          Aditi Paranjpye, Esq.
                  CAIRNCROSS & HEMPELMANN, P.S.
                  524 Second Avenue
                  Suite 500
                  Seattle, WA 98104
                  Tel: 206-587-0700
                  Email: aparanjpye@cairncross.com

Total Assets as of Sept. 30, 2023: $223,981,000

Total Debts as of Sept. 30, 2023: $172,528,500

The petition was signed by Shelly Crocker as chief restructuring
officer.

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

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

https://www.pacermonitor.com/view/5MW56HA/Harbor_Custom_Development_Inc__wawbke-23-42180__0001.0.pdf?mcid=tGE4TAMA


HELLO ALBEMARLE: Seeks Cash Collateral Access
---------------------------------------------
Hello Albemarle LLC asks the U.S. Bankruptcy Court for the Eastern
District of New York for authority to use cash collateral and
provide adequate protection.

The Debtor owns the property located at 2417 Albemarle Road,
Brooklyn, New York 11226. The Albemarle Property is a residential
rental apartment building consisting of 44 units and 30 off-street
parking spaces, which the Debtor developed from the group up after
acquiring the Property for $2.4 million in March 2014. The Debtor
completed construction in November 2018.

The Debtor requires the use of cash collateral to operate the
Albemarle Building, which represents the Debtor's sole material
asset and business, in anticipation of the sale process that will
take place in the Chapter 11 Case.

In April 2021, NY Secured Funding, LLC acquired the $15 million
loan that the Debtor had obtained to fund construction on the
Albemarle Property, which was secured by a mortgage on the
Albemarle Property.

In late August 2021, NYSF sent notices to each of the tenants at
the Property demanding that they cease paying rent to the Debtor
and instead pay rent directly to NYSF. As a result of the tenant
notices from NYSF, many of the tenants at the Property ceased
paying rent altogether, which dramatically reduced the Debtor's
cashflow.

In June 2022, NYSF moved in the foreclosure action for the
appointment of a temporary receiver to take control of the
Property. The state court granted NYSF's motion in September 2022
and entered an order formally appointing the temporary receiver in
November 2022. However, the receiver never took any of the steps
necessary to qualify and take possession of the Property.

The Debtor’s objective in the Chapter 11 Case is to conduct a
value-maximizing sale of the Albemarle Property pursuant to Section
363 of the Bankruptcy Code and to confirm a chapter 11 plan that
provides a meaningful recovery for the Debtor's creditors. To that
end, the Debtor has sought and obtained Court's permission to hire
CAM Property Management as the property manager for the Property
to, among other things, collect the approximately $1.5 million in
rent arrears currently owed to the Debtor, collect the rent that
becomes due during the pendency of the chapter 11 case, and take
such other steps as may be necessary to maintain and improve the
Property in preparation for a sale of the Property.

The Debtor and NYSF have stipulated that, as of the date of the
Order for Relief, NYSF held a valid claim against the Debtor in the
approximate amount of $25.2 million, secured by properly perfected
liens upon and security interests in the Albemarle Property.

The Interim Cash Collateral Order contains provisions regarding
NYSF’s existing liens and granting adequate protection,
additional, or replacement liens to NYSF. In particular, the
Interim Cash Collateral Order provides that NYSF will receive:

(a) regular monthly payments of accrued and unpaid interest at the
regular rate set forth in, and to the extent due under, the NYSF
Loan Documents, and (ii) upon receipt of reasonable documentation
substantiating actual postpetition costs and expenses incurred by
NYSF, payment of such postpetition costs and expenses, including,
but not limited to, reasonable attorney's fees, in accordance with
the Debtor's obligations under the NYSF Loan Documents; (b)
replacement and rollover security interest in and valid, binding,
enforceable, and perfected liens on all of the Debtor’s
Postpetition Collateral to the same extent of its prepetition
liens, subject only to the Carve-Out for the Debtor’s counsel;
(c) administrative claims pursuant to Sections 503(b) and 507(b) of
the Bankruptcy Code only to the extent that the replacement and
rollover liens are inadequate to protect NYSF against any
diminution in value of the Prepetition Collateral; (d) credit bid
rights; and (e) financial reporting requirements.

A copy of the Debtor's motion and budget is available at
https://urlcurt.com/u?l=iB59i2 from PacerMonitor.com

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

     $4,970 for the week ending December 16, 2023;
     $5,120 for the week ending December 23, 2023; and
     $8,620 for the week ending December 30, 2023.
     
              About Hello Albemarle LLC

The creditors of Hello Albemarle LLC in Brooklyn NY, filed an
involuntary petition for Chapter 11 protection (Bankr. E.D.N.Y.
Case No. 23-41326) on April 19, 2023.

Judge Nancy Hershey Lord oversees the case.

GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP serve as the Debtor's legal
counsel.


HWC BURBS: Court OKs Cash Collateral Access on Final Basis
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
authorized HWC Burbs Burgers, LLC to use cash collateral on a final
basis, in accordance with the budget, with a 15% variance.

The Debtor requires the use of cash collateral to pay for
post-petition operating expenses.

As adequate protection for the Debtor's use of the cash collateral,
the Court grants the parties with an interest in cash collateral
replacement liens in the Debtor's postpetition cash, accounts
receivable and inventory, and the proceeds of each of the
foregoing, to the same extent and priority as any duly perfected
and unavoidable liens in cash collateral held by the secured
creditors as of the petition date, to the extent that any cash
collateral of the secured creditors are actually used by the
Debtor.

The Debtor's authority to use cash collateral will terminate on the
date when one or more of the following conditions has occurred or
has been met:

     a. February 10, 2024;

     b. The Court enters an order converting this case under
Chapter 7 of the Bankruptcy Code, or the Debtor has filed a motion
or has not timely opposed a motion seeking such relief;

     c. The Court enters an order appointing or electing a trustee,
examiner or any other similar entity with expanded powers.

     d. The Court enters an order dismissing the case, or the
Debtor has filed a motion or has not timely opposed a motion
seeking such relief;

     e. The Court enters any order that stays, modifies, or
reverses the Final Order.

     f. Or Confirmation of the Debtor's plan, whichever is sooner.


A copy of the order is available at https://urlcurt.com/u?l=g5IpsX
from PacerMonitor.com.

                   About HWC Burbs Burgers, LLC

HWC Burbs Burgers, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No. 23-11919) on
October 9, 2023. In the petition signed by Joshua Henderson,
member, the Debtor disclosed up to $500,000 in assets and up to $10
million in liabilities.

Judge Marc L. Barreca oversees the case.

Thomas D. Neelem, Esq., at Neeleman Law Group, P.C., represents the
Debtor as legal counsel.


INTOUCH FOOTWEAR: Unsecureds to be Paid in Full over 60 Months
--------------------------------------------------------------
Intouch Footwear, Inc., filed with the U.S. Bankruptcy Court for
the Central District of California a Disclosure Statement
describing Plan of Reorganization dated December 4, 2023.

Debtor is a corporation engaged in wholesale importation and sale
of footwear. Debtor's business model involves sourcing and
importing footwear from Southeast Asia, storing the inventory in
its leased warehouses, and selling the imported items to various
retailers.

The filing of this case was precipitated by Debtor facing a breach
of contract lawsuit from one of its former customers JW Retail
Group, LLC and a demand for lump sum payments by Debtor's supplier
Qin Fa. At the time, while financially healthy, Debtor was unable
to make such large payments and was becoming unable to finance the
litigation related to JW Retail Group, LLC's claim. Debtor entered
bankruptcy to pause pending actions and collection efforts and to
reorganize its debts.

During this case Debtor was able to resolve its outstanding
disputes with its litigation creditors Coface North America
Insurance Company and JW Retail Group, LLC, liquidate their claims,
and propose a repayment plan. Debtor also was able to resolve its
dispute concerning the payment with Qin Fa and propose a staggered
repayment, along with other unsecured creditors, in 60 months.
Debtor continues its regular business operations and continues to
generate income comparable to its prepetition levels to fund its
plan of reorganization.

Class 6 consists of General Unsecured Trade Claims. This class of
claims will be paid in full with no interest over 60 months. This
Class shall be paid $14,592.65 per month commencing on the first of
the month following the Effective Date of the Plan and continuing
for 59 months thereafter. The amount of claim in this Class total
$875,558.78.

John C. Lay shall retain his 100% ownership interest in Intouch
Footwear, Inc.

The Debtor will fund the plan via its business income.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=zdx6e2 from
PacerMonitor.com at no charge.

Debtor's Counsel:

        Vahe Khojayan, Esq.
        YK LAW, LLP
        445 S. Figueroa Street, Suite 2280
        Los Angeles, CA 90071
        Tel: 213-401-0970
        Fax: 213-529-3044
        E-mail: vahe@yklaw.us

                    About Intouch Footwear

Intouch Footwear, Inc. is a corporation engaged in wholesale
importation and sale of footwear. The Debtor's business model
involves sourcing and importing footwear from Southeast Asia,
storing the inventory in its leased warehouses and selling the
imported items to various retailers.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. C.D. Cal. Case No. 23-15730) on Sept. 1,
2023.  In the petition signed by John C. Lay, chief executive
officer, the Debtor disclosed $2,388,947 in total assets and
$3,924,149 in total liabilities.

Judge Barry Russell oversees the case.

Vahe Khojayan, Esq., at YK Law, LLP, represents the Debtor as legal
counsel.


INVERSIONES LATIN: Court OKs Interim Cash Collateral Access
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized Inversiones Latin America Power Ltda and affiliates to
use cash collateral on an interim basis in accordance with the
budget, through the Termination Date.

The Termination Date is one business day after expiry of the
Remedies Notice Period, unless otherwise ordered by the Bankruptcy
Court.

The events that constitute a Termination Event include:

(a) The use of cash collateral for any purpose not authorized by
the Interim Order or in excess of the limitations set forth in the
Interim Order;

(b) Appointment of a chapter 11 trustee or the appointment of an
examiner, receiver, interim receiver or manager, or responsible
officer with expanded powers;

(c) Conversion of one or more of the Chapter 11 Cases to cases
under chapter 7 of the Bankruptcy Code; and

(d) One or more of the Chapter 11 Cases are dismissed.

The Debtor requires the use of cash collateral to, among other
things, (a) meet working capital and business operating needs, (b)
fund the administration of the Chapter 11 Cases, and (c) enable the
Debtors to pursue (and to the extent confirmed by the Court,
effectuate the terms and provisions of) confirmation of the Plan.

As of the Petition Date, the Debtors have outstanding prepetition
funded debt obligations in the principal amount of $408.730
million, consisting primarily of (a) $391.230 million in
outstanding principal amount under their 5.125% senior secured
notes due 2033 that were issued by Debtor Inversiones Latin America
Power Ltda. and guaranteed by Debtors San Juan S.A. and Norvind
S.A. and (b) $17.5 million in outstanding principal amount under
the Credit Agreement. The Debtors also estimate that, as of the
Petition Date, they have approximately $14.6 million in trade and
other unsecured debt.

To the extent of any Diminution in Value of the Secured Parties'
interests in the Prepetition Collateral, the Debtors have agreed to
provide the Secured Parties, pursuant to 11 U.S.C. Sections 361 and
363(e), adequate protection of their interests in the Prepetition
Collateral.

As adequate protection for Diminution in Value of their interests
in the Prepetition Collateral, the Debtors are authorized to grant
the Trustee, for the benefit of itself and each of the Noteholders,
and the Administrative Agent, for the benefit of itself and each of
the Lenders, additional and replacement continuing, valid, binding,
enforceable, non-avoidable, and automatically perfected
postpetition security interests in and liens on each Debtor's
presently owned or hereafter acquired property and assets.

As further adequate protection for any Diminution in Value, the
Secured Parties are granted, as and to the extent provided by 11
U.S.C. Sections 503(b), 507(a), and 507(b), an allowed
superpriority administrative expense claim in the Chapter 11 Cases
and any Successor Cases, which Adequate Protection Superpriority
Claim will be an allowed claim against each of the Debtors (jointly
and severally), with priority over any and all administrative
expenses and all other claims against the Debtors now existing or
hereafter arising, of any kind specified in 11 U.S.C. Section
503(b), and all other administrative expenses or other claims
arising under any other provision of the Bankruptcy Code.

At all times the Debtors will maintain casualty and loss insurance
coverage for the Prepetition Collateral on substantially the same
basis as maintained prior to the Petition Date.

A final hearing on the matter is set for January 3, 2024 at 10
a.m.

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

                 About Inversiones Latin America

Inversiones Latin America Power Ltda. is a clean energy company
that owns and operates wind generation plants with an aggregate
installed capacity of 239.2 megawatts (MW) and is engaged in the
generation of electricity business in northern Chile.

Inversiones owns and operates two wind farm projects: (1) a 193.2
MW facility located in Freirina, Vallenar in the region of Atacama
(the "San Juan Project"), currently the second largest wind farm
project by capacity in Chile, and (2) a 46.0 MW facility located in
Canela, in the region of Coquimbo (the "Totoral Project"). The San
Juan Project has been fully operational since March 2017 and the
Totoral Project has been fully operational since January 2010. Both
wind projects are located in areas characterized for their strong
and highly predictable wind resource.

Inversiones Latin America Power Ltda. and affiliates San Juan S.A.
and Norvind S.A. sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 23-11891) on Nov. 30, 2023.

Inversiones estimated assets and debt of $100 million to $500
million as of the bankruptcy filing.

The Hon. Judge John P. Mastando III is the case judge.

The Debtors tapped GREENBERG TRAURIG, LLP as counsel, and LAZARD
FRERES & CO. LLC as investment banker. BARROS, SILVA, VARELA &
VIGIL ABOGADOS LIMITADA is the Chilean legal advisor. EPIQ
CORPORATE RESTRUCTURING, LLC, is the claims agent.


JENKAM BUILDERS: Unsecureds Will Get 10% of Claims over 36 Months
-----------------------------------------------------------------
Jenkam Builders, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Texas a Plan of Reorganization under
Subchapter V dated December 4, 2023.

The Debtor is located in Cedar Hill, Texas, and owns and operates a
construction and remodeling business. Prior to the filing of the
case the real property made the subject of this case was owned by a
company called Platinum Tip LLC.

Frank Jenkins, Debtor's Managing Member, had agreed that the real
property could be pledged for a loan obtained by Platinum from
Churchill Funding I LLC ("Secured Lender"). When Platinum ran into
its own financial troubles, it agreed to deed the property to Mr.
Jenkins' company, the Debtor. This was arranged the week before a
foreclosure sale was scheduled on the real property by the Secured
Lender. The deed was executed on August 29, 2023, but was not
officially recorded in Ellis County until September 5, 2023.

On October 18, 2023, Debtor filed a Motion to Sell Real Property
Free and Clear of Liens, Claims and Encumbrances. A hearing was
held on this motion on November 21, 2023 and the Court approved
said sale.

Under this Plan, Secured Creditors will receive payment of 100% of
their Allowed Secured Claims and any Unsecured Creditors will
receive 10% of their Allowed Unsecured Claims. Therefore, pursuant
to the liquidation analysis all Creditors will receive at least as
much under this Plan as they would in a Chapter 7 liquidation.

Class 3 consists of Allowed Unsecured Claims other than Class 4
Claims. Class 3 Claimants, if any, shall be paid 10% of their
Claims over 36 months from the Effective Date, without interest.
These Claims will be paid in equal monthly installments commencing
on the first day of the first month following the Effective Date
and continuing on the first day of each month thereafter. These
Claims are Impaired, and the holders of these Claims are entitled
to vote to accept or reject the Plan.

Class 4 consists of Allowed Insider Claims. Class 4 Claims, if any,
will receive nothing under the Plan and are deemed to have rejected
the Plan.

Class 5 Equity Interests shall be retained.

The Debtor intends to make all payments required under the Plan
from available cash and income from the business operations of the
Debtor.

A full-text copy of the Plan of Reorganization dated December 4,
2023 is available at https://urlcurt.com/u?l=B8k3wp from
PacerMonitor.com at no charge.

Attorneys for Debtor:
     
     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 Jenkam Builders

Jenkam Builders, LLC, is located in Cedar Hill, Texas, and owns and
operates a construction and remodeling business.

The Debtor filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
23-31960) on Sept. 4, 2023, with $500,001 to $1 million in assets
and $100,001 to $500,000 in liabilities.

Judge Scott W. Everett oversees the case.

Joyce W. Lindauer of Joyce W. Lindauer Attorney, PLLC, is the
Debtor's legal counsel.


JERRY HARVEY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Jerry Harvey Audio LLC
          d/b/a JH Audio
        111 W. Jefferson St, Ste 300
        Orlando, FL 32801

Business Description: The Debtor manufactures JH Audio in-ear
                      monitors.  JH Audio offers IEMs handcrafted
                      from exotic materials such as Carbon Fiber,
                      Titanium, and polished Stainless Steel.

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 23-05179

Debtor's Counsel: R.Scott Shuker, Esq.
                  SHUKER & DORRIS, P.A.  
                  121 S. Orange Avenue
                  Suite 1120
                  Orlando, FL 32801
                  Tel: (407) 337-2060
                  Email: rshuker@shukerdorris.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jerry J. Harvey, II, as manager.

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/ZO3AUMQ/Jerry_Harvey_Audio_LLC__flmbke-23-05179__0001.0.pdf?mcid=tGE4TAMA


JETASAP LLC: Amends Unsecured Claims Pay Details
------------------------------------------------
JetASAP, LLC submitted a First Amended Plan of Reorganization dated
December 4, 2023.

This Plan provides for 1 class of unsecured claims; and 1 class of
equity security holders.

Class 1 consists of the Allowed Unsecured Claims against the
Debtor. This Class is Impaired.

     * Consensual Plan Treatment: The liquidation value or amount
that unsecured creditors would receive in a hypothetical chapter 7
case is approximately $0.00. Accordingly, the Debtor proposes to
pay Class 1 a pro rata portion of $100,000.00, which will be funded
by the Capital Infusion Donor only in the event this Plan is
confirmed consensually pursuant to Section 1191(a) of the
Bankruptcy Code. Allowed Class 1 General Unsecured Claims shall
their respective pro rata payments from the $100,000.00 capital
infusion within 60 days after the Effective Date. Pursuant to
Section 1191 of the Bankruptcy Code, the value to be distributed to
unsecured creditors is greater than the Debtor's projected
disposable income to be received in the 3-year period beginning on
the date that the first payment is due under the plan. Holders of
Allowed Class 1 claims shall be paid directly by the Debtor.

     * Nonconsensual Plan Treatment: The liquidation value or
amount that unsecured creditors would receive in a hypothetical
chapter 7 case is approximately $0.00. Accordingly, the Debtor
proposes to pay Class 1 a pro rata portion of $31,684.00, its
projected Disposable Income. If the Debtor remains in possession,
plan payments shall include the Subchapter V Trustee's
administrative fee which will be billed hourly at the Subchapter V
Trustee's then current allowable blended rate. Plan Payments shall
commence on the fifteenth day of the month, on the first month that
is ninety days after the Effective Date and shall continue annually
for two additional years. The initial estimated annual payment
shall be $6,975.00. Holders of Allowed Class 1 claims shall be paid
directly by the Debtor.

Class 2 consists of any and all equity interests and warrants
currently issued or authorized in the Debtor. This Class is
Impaired.

This Plan will be funded in large part by the Capital Infusion
Donor. After the occurrence of (i) payment of $100,000.00 by the
Capital Infusion Donor to the Debtor for distribution to Class 1
Allowed General Unsecured Claims; and (ii) the entry of a Final
Decree by the Court, Lisa Sayer shall transfer 64% percent of her
membership interests in the Reorganized Debtor to the Capital
Infusion Donor.

The Plan contemplates that the Reorganized Debtor will continue to
operate the Debtor's business.

Except as explicitly set forth in this Plan, all cash in excess of
operating expenses generated from operation until the Effective
Date will be used for Plan Payments or Plan implementation, cash on
hand as of Confirmation shall be available for Administrative
Expenses.

A full-text copy of the First Amended Plan of Reorganization dated
December 4, 2023 is available at https://urlcurt.com/u?l=eOWvVK
from PacerMonitor.com at no charge.

Debtor's Counsel:

        Jeffrey S. Ainsworth, Esq.
        BRANSONLAW, PLLC
        1501 E. Concord Street
        Orlando, FL 32803
        Tel: 407-894-6834
        Fax: 407 894 8559
        E-mail: jeff@bransonlaw.com

                        About JetASAP LLC

JetASAP, LLC, acts as a conduit between a charter customer and a
certificated air carrier. It provides subscribers a full suite of
services to manage every step of the searching and sourcing
process. These tools include the JetRATE intelligent pricing tool
that offers flyers insight into expected market pricing for any
trip; the ability to submit trip requests to over 700 charter
operators and receive live bookable quotes commission free;
exclusive partner services at discounted rates such as Charter
Flight Support's aircraft coverage and support when a booked
aircraft becomes unavailable due to a mechanical; innovative search
tools such as the JetSEARCH operator directory; and live operator
availability, including empty legs and one way flight deals.

JetASAP filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-03019) on July 27,
2023, with $29,093 in assets and $3,498,814 in liabilities.  Lisa
Sayer, chief executive officer, signed the petition.

Judge Grace E. Robson oversees the case.

Jeffrey S. Ainsworth, Esq., at BransonLaw, PLLC, is the Debtor's
legal counsel.


KERF INC: Seeks Cash Collateral Access
--------------------------------------
Kerf, Inc. asks the U.S. Bankruptcy Court for the Eastern District
of North Carolina, Raleigh Division, for authority to use cash
collateral and provide adequate protection.

United States Small Business Administration assert an interest in
the Debtor's cash collateral by way of a Security Agreement and
UCC-1 financing statement number 20200060041G filed on May 23, 2020
with the North Carolina Secretary of State.

The potentially secured party has not yet consented to the Debtor's
use of cash collateral.

At the time of the petition, the Debtor had cash on hand of
approximately $38,669 in its bank accounts and in petty cash, all
of which was transferred to the Debtor's DIP account after filing
and personal property valued at approximately $75,662. The Debtor
needs to use the funds in the DIP account to wind down normal
operations and to liquidate.

The Debtor proposes to adequately protect the Potential Secured
Creditor by giving them a replacement lien on post-petition cash
and personal property to the same extent, and with the same
priority, as any pre-petition perfected lien. The Debtor further
proposes an adequate protection payment to the SBA in the amount of
$1,600, an amount that is slightly greater than the accruing
interest on the SBA loan.

A copy of the motion is available at https://urlcurt.com/u?l=xw3h8K
from PacerMonitor.com.

                         About Kerf, Inc.

Kerf, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. N.C. Case No. 23-03508-5-DMW) on
December 1, 2023. In the petition signed by Lora Dean,
executor/representative, the Debtor disclosed up to $500,000 in
both assets and liabilities.

Danny Bradford, Esq., at Paul D. Bradford, PLLC, represents the
Debtor as legal counsel.


LA MOUNT GROUP: Case Summary & 14 Unsecured Creditors
-----------------------------------------------------
Debtor: La Mount Group, LLC
           d/b/a Culvers of Hamilton
        3111 Princeton Road
       Hamilton, OH 45011

Business Description: The Debtor is a franchisee of Culver's
                      American restaurant.

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Southern District of Ohio

Case No.: 23-12409

Debtor's Counsel: Eric W. Goering, Esq.
                  GOERING & GOERING
                  220 West Third Street
                  Cincinnati, OH 45202
                  Tel: 513) 621-0912
                  Email: eric@goering-law.com
  
Total Assets: $163,242

Total Liabilities: $1,675,066

The petition was signed by Joshua Hankins as member.

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

https://www.pacermonitor.com/view/JSXY7RI/La_Mount_Group_LLC__ohsbke-23-12409__0001.0.pdf?mcid=tGE4TAMA


LA TOOL: Case Summary & 12 Unsecured Creditors
----------------------------------------------
Debtor: LA Tool, Inc.
        135 Gertrude Street
        Latrobe PA 15650

Business Description: LA Tool is engaged in the business of
                      plastic product manufacturing.

Chapter 11 Petition Date: December 10, 2023

Court: United States Bankruptcy Court
       Western District of Pennsylvania

Case No.: 23-22653

Judge: Hon. Jeffery A. Deller

Debtor's Counsel: Gregory C. Michaels, Esq.
                  DICKIE MCCAMEY & CHILCOTE, P.C.
                  Two PPG Place, Suite 400
                  Pittsburgh, PA 15222
                  Tel: 412-392-5355
                  Email: gmichaels@dmclaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Matthew Redmond as chief financial
officer.

A copy of the Debtor's list of 12 unsecured creditors is available
for free at PacerMonitor.com at:

https://www.pacermonitor.com/view/XJXUUDQ/LA_Tool_Inc__pawbke-23-22653__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/XC2JH3A/LA_Tool_Inc__pawbke-23-22653__0001.0.pdf?mcid=tGE4TAMA


LEBANON PLATINUM: Court OKs Cash Collateral Access Thru Dec 22
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Tennessee
authorized Lebanon Platinum, LLC and affiliates to use cash
collateral on an interim basis, in accordance with the budget.

The Debtors will not be required to pay any adequate protection
payments to Summit Bridge National Franchising, LLC or any other
creditor during the Cash Use Period. However, SummitBridge reserves
all rights that it may have to collect adequate protection payments
to the extent the Debtors agreed to provide such payments for
interim cash use from the Petition Date through October 18, 2023,
and the Debtors reserve all rights to object to SummitBridge's
entitlement to such payments.

In accordance with 11 U.S.C. Section 361(2), and in addition to the
continuing post-petition security interest of Summit Bridge
pursuant to 11 U.S.C. Section 552(b), as adequate protection of
SummitBridge's interest in the cash collateral, SummitBridge is
granted continuing replacement like-kind liens in all of the
Debtors' cash collateral securing the indebtedness owing to
SummitBridge in the same priority and in the same nature, extent,
and validity as such liens existed pre-petition. The Replacement
Liens will be supplemental to the existing security interests and
liens of SummitBridge on the cash collateral.

To the extent that the Replacement Liens prove inadequate to
protect SummitBridge's interest in the cash collateral from a
demonstrated diminution in the value of the cash collateral from
the Petition Date, then SummitBridge is granted an administrative
expense claim under 11 U.S.C. Section 503(b) with priority in
payment under 11 U.S.C. Section 507(b).

A continued hearing on the matter is set for December 20, 2023 at
11 a.m.

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

       About Lebanon Platinum

Lebanon Platinum, LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Tenn. Case No.
23-03592) on Sept. 29, 2023, with up to $50,000 in assets and up to
$10 million in liabilities. Mitch Patel, manager, signed the
petition.

Judge Charles M. Walker oversees the case.

Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz, PLLC serves as
the Debtor's legal counsel.


LION STAR: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------
The U.S. Trustee for Region 6 appointed an official committee to
represent unsecured creditors in the Chapter 11 case of Lion Star
Nacogdoches Hospital, LLC.

The committee members are:

     1. Matheson Tri-Gas, Inc.
        Frank S. Patel
        909 Lake Carolyn Pkwy., Ste. 1300
        Irving, TX 75039
        Phone: 972.546.5360
        Email: fpatel@mathesongas.com

     2. Medline Industries, LP
        Scott Smith
        Three Lakes Drive
        Northfield, IL 60093
        Phone: 847.643.4232
        Email: scsmith@medline.com

     3. Soft Computer Consultants, Inc.
        dba SCC Soft Computer
        John A. Pilz
        5400 Tech Data Dr.
        Clearwater, FL 33760
        Phone: 727.789.0100 x4050
        Email: legal@softcomputer.com

     4. Stericycle, Inc.
        Ericka Labedz
        2355 Waukegan Road
        Bannockburn, IL 60015
        Phone: 224.551.5337
        Email: Erick.labedz@stericycle.com

     5. TRS Managed Services, LLC
        Caleb English
        P.O. Box 595
        Tontitown, AR 72770
        Phone: 479.303.4233
        Email: cenglish@trshealthcare.com
  
Official creditors' committees serve as fiduciaries to the general
population of creditors they represent.  They may investigate the
debtor's business and financial affairs. Committees have the right
to employ legal counsel, accountants and financial advisors at a
debtor's expense.

               About Lion Star Nacogdoches Hospital

Lion Star Nacogdoches Hospital, LLC is a provider of healthcare
services based in Nacogdoches, Texas.

The Debtor filed Chapter 11 petition (Bankr. N.D. Texas Case No.
23-43535) on Nov. 17, 2023, with $10 million to $50 million in both
assets and liabilities. Sean Fowler, chief executive officer,
signed the petition.

Judge Mark X. Mullin oversees the case.

Jeff P. Prostok, Esq., at Forshey & Prostok, LLP, represents the
Debtor as legal counsel.


LIPSEY PAINTING: Wins Cash Collateral Access on Final Basis
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Alabama,
Southern Division, authorized Lipsey Painting Contractors, LLC to
use cash collateral on a final basis in accordance with the
budget.

The Debtor requires the use of cash collateral to pay operating
expenses.

As adequate protection for the use of cash collateral, Valley
National Bank and Funding Circle are granted replacement liens in
all assets of the Debtor. The security interests granted are deemed
perfected without the necessity for filing or execution of
documents which might otherwise be required under non-bankruptcy
law for the perfection of said security interests.

As further adequate protection for Valley National Bank, the Debtor
will make weekly adequate protection payments directly to Valley
National Bank in the amount of $600 per week as provided in the
budget. As further adequate protection for Valley National Bank,
the insurance policy on the life of Robert Lipsey will provide that
Valley National Bank is listed as a beneficiary and entitled to
payment upon his death to satisfy the outstanding balance owed to
Valley National Bank.

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

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

     $-23,245 for the week ending December 10, 2023;
     $-23,634 for the week ending December 17, 2023; and
     $-21,953 for the week ending December 24, 2023.

           About Lipsey Painting Contractors, LLC

Lipsey Painting Contractors, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ala. Case No.
23-02712) on Oct. 12, 2023, with $50,001 to $100,000 in assets and
$500,001 to $1 million in liabilities.

Judge Tamara O. Mitchell oversees the case.

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


LIVINGSTON TOWNSHIP: Wins Cash Collateral Access Thru Jan 2024
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Mississippi
authorized Livingston Township Fund One, LLC to use cash collateral
on an interim basis in accordance with the budget, through January
9, 2024.

The Debtor is permitted to pay all necessary maintenance, including
janitorial, landscaping, properly management, repairs maintenance,
utilities and necessary insurance expenses as set out in the
budget.

As adequate protection, Bank of Montgomery will be granted a
replacement security interest in all rentals collected by
Livingston under the order.

Livingston is to "carve out" $861 per month for professional fees
and expenses of the Subchapter V. Trustee.

A final hearing on the matter is set for January 8, 2024 at 1:30
p.m.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=AnLRKY from PacerMonitor.com.

The Debtor projects $34,588 in total revenue and $17,674 in total
expenses for December 2023.

              About Livingston Township Fund One, LLC

Livingston Township Fund One, LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D. Miss. Case No.
23-02573) on November 6, 2023. In the petition signed by Michael
Bollenbacher, managing member, the Debtor disclosed up to $10
million in both assets and liabilities.

Judge Jamie A. Wilson oversees the case.

Eileen N. Shaffer, Esq. represents the Debtor as legal counsel.


LTL MANAGEMENT: J&J to Continue Bankruptcy Strategy
---------------------------------------------------
Brendan Pierson of Reuters reports that Johnson & Johnson's (JNJ.N)
worldwide vice president for litigation recently said that the
company has recently reached settlements with several law firms
over their clients' claims that J&J talc products caused cancer.

The settlements were reached "with a goal to facilitate our pursuit
of a consensual prepackaged bankruptcy resolution," Erik Haas said
on an investor call. It was not clear whether the deals have been
finalized.

J&J said in October that it was considering a new bankruptcy filing
to resolve talc claims. Courts have rejected its two previous
attempts to resolve talc litigation through bankruptcy, most
recently a proposed $8.9 billion deal.

Haas said the recent settlements covered cases involving plaintiffs
with mesothelioma, a type of cancer linked to asbestos, but did not
provide any details about the dollar amounts involved or say how
many people they covered.

J&J said in October that it was considering a new bankruptcy filing
to resolve talc claims. Courts have rejected its two previous
attempts to resolve talc litigation through bankruptcy, most
recently a proposed $8.9 billion deal.

Haas said the recent settlements covered cases involving plaintiffs
with mesothelioma, a type of cancer linked to asbestos, but did not
provide any details about the dollar amounts involved or say how
many people they covered.

He said the company had resolved all but one of the cases scheduled
for trial in 2023, "significantly curtailed" trials in 2024 and did
not require the company to record any new charges against
earnings.

Bloomberg reported earlier on Tuesday, Dec. 5, 2023, that J&J had
reached settlements covering about 100 people.

J&J faces more than 50,000 lawsuits over talc, most by women with
ovarian cancer, with a minority of the cases involving people with
mesothelioma. The company has said that its talc products are safe
and do not contain asbestos.

The lawsuits, which had mostly been on hold for about two years
while J&J petitioned the bankruptcy court, have now been able to
resume.

Trials in the talc cases have had a mixed record, with major
plaintiff wins including a $2.1 billion judgment in 2021 awarded to
22 women with ovarian cancer. A New Jersey appeals court in October
threw out a $223.7 million verdict against the company, finding the
testimony of the plaintiffs' expert witnesses unsound.

The company stopped selling talc-based baby powder in favor of
cornstarch-based products, citing an increase in lawsuits and
"misinformation" about the talc product's safety.

                      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 August 2023, U.S. Bankruptcy Judge Michael Kaplan in Trenton,
New Jersey, ruled that the second bankruptcy case should be
dismissed, ending J&J's second attempt to use bankruptcy to resolve
thousands of lawsuits alleging that its talc products sometimes
contained asbestos and caused mesothelioma and ovarian cancer.


MASTERMIND GP: Seeks CCAA Protection to Commence Sale
-----------------------------------------------------
Mastermind GP Inc. made an application to the Ontario Superior
Court of Justice (Commercial List) and was granted an order, which,
among other things, provides for a stay of proceedings pursuant to
the Companies' Creditors Arrangement Act ("CCAA").  Pursuant to the
Initial Order, Alvarez & Marsal Canada Inc. was appointed as
monitor of the business and financial affairs of Mastermind.

The Court extended the Stay Period until and including Jan. 26,
2024.

Mastermind announced that it has entered into an asset purchase
agreement with Unity Acquisitions Inc.  Under the terms of the
transaction, Unity will purchase the majority of Mastermind Toys
store locations and see a significant portion of employees
continuing with the business.  The transaction is subject to
certain closing conditions, including approval from the Court.

According to court filings, the Mastermind Entities are insolvent
and unable to meet their liabilities as they become due.  Over the
past six years, Mastermind LP has reported increasingly large net
losses (except for 2021), despite concerted efforts to cut costs
and increase revenues.  Challenging retail market conditions,
exacerbated by the COVID-19 pandemic, have resulted in a liquidity
crisis for the business.  As a result, Mastermind LP can no longer
pay its vendors in the ordinary course and the Mastermind Entities
are in default of their senior secured credit facilities.  This has
led to some vendors halting supply, just as Mastermind LP's most
profitable period of the year -- the holiday season-- approaches.

The Mastermind Entities, in consultation with their financial
advisors, have explored various strategies to save the business,
including options to sell, refinance, or recapitalize the business
through a comprehensive out-of-Court sales process.  Despite these
efforts, the Mastermind Entities have been unable to consummate a
transaction, due to, among other things Mastermind LP's liquidity
constraints and deteriorating financial condition.

All options to improve the business's liquidity having been
exhausted, the Mastermind Entities concluded that the only way
forward given Mastermind LP's eroding financial state and downward
sales trends, was to seek relief under the CCAA in order to provide
Mastermind LP with the protections it needs to complete a
liquidation of its business and pursue other strategic options.

A copy of the Initial Order and all materials filed in these
proceedings may be obtained at the Monitor's Website at
https://www.alvarezandmarsal.com/Mastermind or on request from the
Monitor by calling 1-416-847-5194 or by emailing
Mastermind@alvarezandmarsal.com.

The Monitor can be reached at:

   Alvarez & Marsal Canada Inc.
   Royal Bank Plaza, South Tower,
   200 Bay Street, Suite 2900,
   P.O. Box 22,
   Toronto, ON, M5J 2J1

   Joshua Nevsky
   Email: jnevsky@alvarezandmarsal.com
   Tel: 416-847-5161

   Ryan Gruneir
   Email: rgruneir@alvarezandmarsal.com
   Tel: 416-847-5151

   Mitchell Binder
   Email: mbinder@alvarezandmarsal.com
   Tel: 416-847-5202

Counsel to the Monitor:

   Bennett Jones LLP
   100 King St W,
   Suite 3400,
   Toronto, ON, M5X 1A4
   
   Sean Zweig
   Email: zweigs@bennettjones.com
   Tel: 416.777.6254
   Joshua Foster

   Email: fosterj@bennettjones.com
   Tel: 416.777.7906
  
   Milan Singh-Cheema
   Email: singhcheemam@bennettjones.com
   Tel: 416.777.5527

Counsel for  Mastermind GP:

   Davies Ward Phillips & Vineberg LLP
   155 Wellington St W,
   Toronto, ON M5V 3J7
   
   Natasha MacParland
   Email: NMacParland@dwpv.com
   Tel: 416-863-5567

   Natalie Renner
   Email: NRenner@dwpv.com
   Tel: 416-367-7489

   Kristine Spence
   Email: KSpence@dwpv.com
   Tel: 416-367-7573

General Counsel:

   Birch Hill Equity Partners (Entrepreneurs) IV, LP
   Birch Hill Equity Partners IV, LP
   Birch Hill Equity Partners (US) IV, LP
   100 Wellington St W,
   TD West Tower, Suite 2300,
   Toronto, ON, M5K 1A1
   Email: finance@birchhillequity.com

Counsel to Unity Acquisitions Inc.

   FASKEN MARTINEAU DuMOULIN LLP
   333 Bay Street
   Suite 2400 Bay Adelaide Centre
   Box 20
   Toronto, ON M5H 2T6

   Dylan Chochla
   Email: dchochla@fasken.com
   Tel: 416-868-3425

   Mitch Stephenson
   Email: mstephenson@fasken.com
   Tel: 416-868-3502

Mastermind GP Inc. is an independent specialty toy and children's
book retailer in Canada.


MCGRAW-HILL EDUCATION: Fitch Affirms B+ LongTerm IDR, Outlook Pos.
------------------------------------------------------------------
Fitch Ratings has affirmed McGraw-Hill Education, Inc.'s (MHE)
Long-Term (LT) Issuer Default Rating (IDR) at 'B+' and the senior
first lien secured debt and ABL Credit Facilities ratings at
'BB+'/'RR1'. Fitch has also upgraded MHE's senior unsecured notes
to 'B+'/'RR4' from 'B'/'RR5', as result of a better recovery value
subsequent to proactive debt prepayments (approximately $375
million in debt reduction since Platinum Equity's LBO).

Fitch has revised the Rating Outlook to Positive from Stable,
reflecting a persistent adjusted EBITDA margin expansion growing to
37% in FY2023 from 24% in FY2019 as result of the successful
integration of Achieve3000 and an outstanding digital
transformation. This significantly increased the digital billings
mix (excluding K-12) to 77% (vs. 31% in FY2015) of total billings
on a LTM basis, translating into sustainable margin benefits for
MHE, as the transformed business model has less exposure to supply
chain and physical manufacturing risks.

KEY RATING DRIVERS

Elevated Leverage: MHE's leverage peaked at 7.0x on June 30, 2021
due to its acquisition by Platinum Equity, LLC and the follow-on
acquisition of Achive3000, both of which were funded with a mix of
debt and equity. Since then, the company has focused on realizing
synergies related to these transactions and its ongoing digital
transformation and repaid approximately $375 million of debt. These
actions have driven EBITDA Leverage down to 5.3x as of LTM Sept.
30, 2023. Fitch expects leverage to continue on a declining trend
over the short to medium term attributed to further operating
improvements driven by the ongoing digital transformation and
favorable momentum of the conversion cycle in the U.S.

Improved Adjusted EBITDA margin: Since closing the two
transactions, MHE has realized around $100 million in cost savings
and expects to realize additional synergies. The successful
integration and continuing internal digital transformation drove
adjusted EBITDA margins to 37% at FYE March 31, 2023 from 32% and
FYE March 31, 2021. Fitch expects margins to stabilize around the
mid-thirties in the medium to long-term, assuming MHE continues
with an efficient cost structure, the consolidation of its digital
platform reflecting deeper engagement and recurring revenue, and
new opportunities in the K-12 adoption market.

Long-Term Digital Opportunity: Fitch believes the transition to
digital will continue apace, with digital billings growing to 77%
of LTM Sept. 30, 2023 total billings from 31% in FY15 (K-12
billings are excluded from this number due to adoption-related
variations). During the first two quarters of FY24, revenue
generated from its digital content represented 59% of total
billings. Fitch expects the transition to digital, accelerated by
the pandemic, to continue, allowing for a more efficient cost
structure. Fitch expects MHE to continue investing in its digital
platform through small bolt-on acquisitions and development of
Generative A.I.

Leading Market Share: MHE holds leading positions in its two
largest segments. The company has a strong market share in the U.S.
higher education market, with its digital offerings showing
continued growth. According to preliminary Fall 2023 enrollment
data released by NSC (National Student Clearinghouse), higher
education enrollment trends are more favorable than last year,
reporting a 2.1% increase in undergraduate enrollment for the first
time since the pandemic with community colleges up 4.4%, offset by
a 3.6% decline in Freshman enrollment. For the U.S. K-12 publishing
market, Fitch believes Houghton Mifflin Harcourt, MHE and Savvas
Learning Company (f.k.a. Pearson U.S. K12 Education), collectively,
hold more than 80% market share.

Diversified Revenue Profile: On an LTM basis ending September 30,
2023, approximately 34% of MHE's total reported revenues were
derived from higher education content, 48% from K-12 content, and
about 18% from its international and global professional content.
The company generated approximately 61% of its total consolidated
revenue from digital content with 39% from its printed products
(compared to 47% of printed revenue in 2020), increasingly
delivering results of its digital transformation more evident over
the last adoption cycle.

Resilient Sector During Economic Distress: During the pandemic,
several rounds of direct and indirect federal stimulus injections
mitigated the economic impact on state budgets. Funds could be used
for multiple purposes including improving digital infrastructure
and platforms and, to a lesser extent, purchasing educational
learning tools. While local governments derive varying portions of
their revenues from property taxes, they could also use these funds
to pay for school safety measures, including establishing and
maintaining remote learning infrastructure.

During prior periods of economic stress, K-12 adoptions were rarely
cancelled or even delayed (and then only for one year). While Fitch
will continue to pay close attention to near-term adoption
calendars for delays, delays do not represent a near-term concern
given the significant stimulus funding.

For higher education, the potential for cuts in funding and student
aid is always an issue. Fitch believes long-term enrollment will
stabilize as college degrees remain a necessity for many jobs. In
addition, college enrollment typically increases during recessions
as jobs are harder to find and people look to augment their skills.
Finally, most funding for higher education course materials comes
directly from students.

DERIVATION SUMMARY

McGraw-Hill is well positioned in the domestic K-12 and global
Higher Education textbook publisher markets, with additional global
exposure to professional education content and services. Following
the acquisition of Achieve3000, the expanded MHE platform
consolidated a solid position as one of the leading global
providers of a full set of content and services across a broader
range of education segments.

KEY ASSUMPTIONS

Rating Case Assumptions:

- Low single-digit growth in higher education in FY2024 versus the
prior year, primarily driven by a mid-single digit growth in
digital sales, more than offsetting printed revenue decline. For
the rest of the projection, a mid-single digit revenue increase
with printed revenue decreasing at a low single-digit rate per year
is assumed, anticipating existing higher education enrollment
trends remain.

- Low single-digit revenue decline yoy for K-12 in FY2024 (or low
to mid-teens decline in terms of non-GAAP Billings), mainly
explained by a smaller expected market opportunity . For FY2025, a
larger adoption takes place resulting in a low-single digit revenue
increase for the year, Fitch also assumed FY2027 to be a larger
adoption opportunity year, reflecting a similar revenue increase.
For the rest of the years with smaller adoptions, Fitch assumed a
lower revenue growth.

- Low-single digit revenue growth in global professional and
international per year, assuming similar market conditions with
digital content representing about 60% of total revenues throughout
the projection.

- During smaller adoption years, consolidated revenue resulting in
low-single digit growth, while during larger adoption cycles
resulting in mid-single digit revenue growth.

- In terms of adjusted EBITDA, Fitch assumes a margin compression
by the end of FY2024 at 35.3% when compared with 37.0% in FY2023,
as result of an expected smaller adoption opportunity and
increasing supply chain costs.

- For the rest of the projection, Fitch expects adjusted EBITDA
margins to bounce back to the 37%-38% level during larger adoption
years, and during smaller adoption years a lower margin around the
mid-thirties.

- Fitch assumes that the company will continue to roll-out its
digital conversion strategy, affecting primarily its Higher
Education, K-12 and Global Professional segments with the
consolidated digital revenue mix growing to 70% by the end of the
projection from 59% in FY2023, resulting in an improved cost
structure (versus printed services) and healthier margins over the
long term.

Other Assumptions Include:

- 7.0% of net revenues in capex and pre-publication expenditures
(capital intensity) per year.

- $750 million dividend pay-out in FY2026, partially financed by
fully drawing the $150 million RCF.

- Assuming the existing revolving credit facility and ABL
facilities are refinanced in 2026 and extended to 2031. Similarly,
the 2022 Term Loan Facility is refinanced in 2028 at similar
terms.

- Interest rate calculation as per the CA (using SOFR as Base
Rate).

- Assuming NWC financing need ranging from $72 million to $120
million per year to reflect additional opex related to the
development and maintenance of its digital content.

- Assuming about $50 million in deferred revenues per year to
reflect a more stable digital adoption throughout the projection.

Billings is a non-GAAP metric used by MHE to measure sales
performance. Billings is defined as total revenue plus the change
in total deferred revenue, net of acquired deferred revenue.

RECOVERY ANALYSIS

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes MH would be reorganized as a
going-concern in bankruptcy rather than liquidated. Fitch has
assumed a 10% administrative claim.

MHE's recovery analysis assumes significant K-12 adoption delays
followed by market share loss, driven by an inability to win enough
upcoming adoptions and ongoing industry issues in the higher
education segment dragging down revenues, which pressure margins.
The post-reorganization GC EBITDA of $550 million is based on
Fitch's estimate of MH's average EBITDA over a normal cycle but
also reflecting an improved cost structure as result of a number of
cost saving initiatives post-LBO, the full integration of
Achieve3000, and the ongoing digital transformation that offers an
improved margin (versus its printed business), which have
permanently reset the company's cost structure.

Fitch assumes MH will receive a GC recovery EV multiple of 7.0x
EBITDA. The estimate considered several factors. HMHC and Pearson
have traded at a mid-teen median EV/EBITDA. Platinum acquired MH
for $4.6 billion, or 8.7x Fitch-calculated adjusted EBITDA,
including the change in deferred revenues and Fitch-estimated
savings. In February 2019, Pearson sold its K-12 business for 9.5x
operating profit (EBITDA was not disclosed). In March 2013 Apollo
Global Management LLC acquired MH from S&P Global, Inc. for $2.5
billion, or approximately 7x estimated EBITDA. During the last
financial recession, Pearson traded at approximately 8.0x
EV/EBITDA, while neither MH nor HMHC were public at the time. In
2014, Cengage emerged from bankruptcy with a $3.6 billion
valuation, equating to an emergence multiple of 7.7x.

Fitch assumes the ABL Credit facilities will be 75% drawn ($150
million outstanding) and the $150 million revolver will be 100%
drawn at bankruptcy. Under this scenario it estimates full recovery
prospects for the proposed first lien senior secured credit
facilities and rates them 'BB+'/'RR1', or three notches above MH's
'B+' IDR. The unsecured debt was equalized with the IDR at
'B+'/'RR4' as over the last two years the issuer has proactively
prepaid senior secured and unsecured debt resulting in a better
recovery prospects to the notes, resulting in an upgrade to
'B+'/'RR4'.

RATING SENSITIVITIES

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

- Debt reduction is sufficient to drive EBITDA leverage, including
annualized realized cost savings, below 4.75x on a sustainable
basis.

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

- Mid-single-digit cash revenue declines, which may be driven by
declines or no growth in digital products caused by a lack of
execution or adoption by professors;

- MH's financial policy becomes more aggressive, including M&A and
shareholder returns, and EBITDA leverage remains above 6.0x for
extended periods of time.

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: As of Sept. 30, 2023, MHE reported a liquidity
position of $561 million composed by $211 million of cash on
balance and full availability under its ABL Revolving facilities
($200 million) and Cash Flow Revolving facility ($150 million).
Liquidity is further supported by Fitch's expectation of annual FCF
in excess of $200 million annually.

No Significant Maturities in the Short Term: The next debt
maturities coming due are the ABL and cash flow revolving
facilities due in July 2026, currently there is no outstanding
amount drawn. Outside of these two facilities, the next maturity
coming due is on July 30, 2028 when the 2022 Term Loan B and
Secured Notes become due.

Additionally, the company has repaid about $375 million since the
Platinum acquisition in July 2021, since the last review MHE
repurchased about $78 million in senior unsecured notes and about
$80 million in senior secured debt.

ISSUER PROFILE

MHE is a global provider of outcome-focused learning solutions,
delivering physical and digital learning tools and platforms to
over than 45 million learners and educators around the world. MHE
has evolved from a print centric producer of textbooks to a leader
in the development of digital learning solutions.

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.

   Entity/Debt              Rating        Recovery   Prior
   -----------              ------        --------   -----
McGraw-Hill
Education, Inc.       LT IDR B+  Affirmed            B+
  
   senior unsecured   LT     B+  Upgrade    RR4      B

   senior secured     LT     BB+ Affirmed   RR1      BB+


MERCON COFFEE: Files for Chapter 11 Bankruptcy
----------------------------------------------
Green coffee supplier Mercon Coffee Corp. and its affiliates filed
for Chapter 11 bankruptcy in New York.

Reuters reports that Netherlands-based Mercon Coffee Group, one of
the world's largest coffee traders, filed for bankruptcy protection
in the U.S. due to what it defined as "exceptionally challenging
operating environment."

According to Reuters, Mercon said in a letter sent to clients that
problems in recent years such as the logistical disruption during
the pandemic, frost and drought in Brazil, price volatility, and
rising interest rates all combined to hurt the company's financial
situation.

In the letter, signed by Mercon's Chief Executive Oscar Sevilla,
the company said lenders have elected "not to extend credit
agreements, resulting in extremely tight working capital
conditions."

Mercon has operations in all the major producing regions including
Brazil, Vietnam and Central America,

Court documents from the U.S. Bankruptcy Court for the Southern
District of New York show Mercon and its affiliates in several
countries have a total debt of $363 million.

The bankruptcy filing lets Mercon keep operating while it pursues
an "orderly sale of its assets," Bloomberg reports.

Rumors of financial problems at the coffee trader, which has sales
operations in Europe, Asia and the United States, circulated among
some market participants in the last hours.

The comments followed news from Nicaragua that the country's
largest coffee exporter, CISA Exportadora, had closed doors. CISA
was a subsidiary of Mercon.

In a statement, Nicaragua's government, according to Reuters, said
it was aware of CISA's suspension of operations and bankruptcy,
which it added was "not just occurring in Nicaragua" and was
"foreign" to the country's current economic situation.

Bloomberg News notes that the company's biggest unsecured creditors
include a Nicaraguan unit of Banco Lafise, Crowdout Capital, London
Forfaiting, and sustainability-focused investment fund &Green, the
company said in its bankruptcy petition.

                     About Mercon Coffee

Mercon Coffee Corp. -- https://www.merconcoffeegroup.com/ -- is a
supplier of green coffee to the international coffee roasting
industry.  Mercon is headquartered in the Netherlands and has
offices around the globe.

Mercon Coffee Corp. sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 23-11945) on Dec. 7,
2023.  In the petition filed by CRO Harve Light, the Debtor
reported assets and liabilities between $100 million and $500
million each.

The Debtors are represented by:

     Blaire Cahn, Esq.
     Baker & McKenzie LLP
     999 Ponce de Leon Blvd., Suite 910
     Coral Gables, FL 33134


METROLAND MEDIA: Creditors Approve Revised Bankruptcy Proposal
--------------------------------------------------------------
A Meeting of Creditors was held on Dec. 11, 2023, to consider the
Revised Proposal in Bankruptcy of Metroland Media Group Ltd.
Koskie Minsky LLP is the court-appointed Representative Counsel to
the non-unionized employees and voted in favour of the revised
Proposal. The Proposal Trustee reported that the requisite
double-majority of creditor votes was achieved, and the Proposal
passed the vote.

The Revised Proposal contains a condition precedent that relates to
the obtaining of additional payments from the Wage Earner
Protection Program ("WEPP") for all the terminated employees. WEPP
is an important program of the federal government for employees
that currently pays up to $8278.83 to each eligible terminated
employee in respect of unpaid wages and severance pay.
Representative Counsel is continuing to work actively with the
company and the Proposal Trustee to confirm that WEPP applies to
these proceedings and hopes to have that confirmed soon.

Andrew Hatnay of Koskie Minsky states: "The Revised Proposal that
passed today substantially improves the outcomes for the terminated
employees from the initial Proposal and is the best overall result
for them in the circumstances. It reflects weeks of extensive
negotiations that Representative Counsel had with the company, the
Proposal Trustee and others. These negotiations resulted in
significant increases to the employees' severance calculations, a
new pension claim for all terminated employees to be paid in
priority to other claims, and the condition precedent for the
availability of WEPP. The approval of the Revised Proposal also
allows Metroland to proceed with its restructuring with the hope of
saving the jobs of over 400 continuing employees."

Andrew Hatnay led the Koskie Minsky team comprised of Martin Ejidra
and Abir Shamim.


METROPOLITAN BREWING: Court OKs Cash Access on Final Basis
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
authorized Metropolitan Brewing, LLC to use cash collateral on a
final basis in accordance with the budget, with a 15% variance,
through the end of February 2024.

Live Oak Banking Company and PNC Bank, National Association assert
an interest in the Debtor's cash collateral.

As adequate protection for the use of cash collateral, Live Oak and
PNC are granted Replacement Liens, provided that the Replacement
Liens will not apply to any funds held, or required to be held, in
trust by the Debtor for the benefit of Conrad Seipp Brewing Company
pursuant to the written agreement between the Debtor and Siepp.

As additional adequate protection for the Debtor's use of cash
collateral, Live Oak, to secure payment of an amount equal to any
diminution in the value of its collateral, is granted the
Additional Money Market Lien subject, to the extent applicable, to
the Seipp Lien Carveout.

In addition, the Debtor will make monthly interest only adequate
protection payments as reflected in the Budget to: Live Oak in the
amount of $4,207 and PNC in the amount of $1,495.

A copy of the court's order is available at
https://urlcurt.com/u?l=LKCJ7k from PacerMonitor.com.

                  About Metropolitan Brewing, LLC

Metropolitan Brewing, LLC is a manufacturer of German-style beers
in Chicago, Illinois.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-13209) on October 3,
2023. In the petition signed by Tracy Hurst, authorized
representative, the Debtor disclosed up to $1 million in assets and
up to $10 million in liabilities.

Judge Deborah L. Thorne oversees the case.

Matthew E. McClintock, Esq., at Goldstein & McClintock LLP,
represents the Debtor as legal counsel.


MORAN FOODS: S&P Upgrades ICR to 'CCC+', Outlook Negative
---------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on
Missouri-based wholesale distributor Moran Foods LLC (doing
business as Save-A-Lot) to 'CCC+' from 'SD' (selective default).

S&P said, "At the same time, we assigned our 'CCC-' issue-level
rating to its first-lien, first-out payment-in-kind (PIK) and
first-lien, second-out PIK term loans. We also raised our rating on
Moran Foods' first-lien, first-out and first-lien, second-out term
loans due in 2026 to 'CCC-' from 'D', and on its second-lien term
loans due in 2024 and 2026 to 'CCC-' from 'D'.

"The negative outlook reflects the risk that we will lower our
rating if we view a specific default scenario, such as a selective
default, as increasingly likely in the next 12 months."

The upgrade follows the completion of a distressed exchange, which
gives Save-A-Lot a PIK interest payment option for its term loans.
In October, the company concluded the exchange of its first-lien,
first-out; first-lien, second-out; and second-lien term loans for
first-lien, first-out PIK and first-lien, second-out PIK term
loans, both due in June 2026. Weak demand, working capital outflow
and elevated cash interest expenses have challenged Save-A-Lot's
ability to generate consistent free operating cash flow (FOCF).
Following its refinance, the company now has the option to pay a
minimum of 2% in cash interest until the maturity of its term
loans, which will alleviate liquidity pressures. However, we expect
leverage to remain very high in the short term because of
challenging operating conditions and the accumulating nature of the
PIK features.

S&P said, "We believe meaningful improvement in operating
performance is unlikely absent growth in Save-A-Lot's scale. S&P
Global Ratings-adjusted EBITDA margin decreased about 500 basis
points to almost negative 1% in the third quarter due to bad debt
write-offs, facility closures, and sales deleveraging. To partially
offset that, Save-A-Lot has focused on reducing overhead costs and
increasing efficiency in its distribution centers. However, we
expect margins to remain pressured over the next year as
lower-income consumers are challenged.

"Revenue contraction has accelerated to the mid-teens percentage
area through the third quarter due to inflationary pressures and a
decrease in government benefits. We expect revenue will decline at
a low- to mid-single-digit percentage rate in 2024 due to weak
traffic at retail partners. In addition, we believe increasingly
high competition from better capitalized peers will likely affect
retail partners' market share and growth prospects.

"While we expect Save-A-Lot will generate positive FOCF, we believe
it will likely be insufficient to sustain its debt burden. Reported
FOCF deficit was $65 million in 2023 due to lower operating margins
and higher accounts payable turnover. We forecast the company could
save about $50 million in cash interest in 2024 as it utilizes its
PIK interest payment option. In addition, Save-A-Lot plans to
monetize assets to further enhance short-term liquidity and
implement its turnaround initiatives. Despite improvement in
operating margins, we expect leverage will remain high as the PIK
interest feature represents an additional hurdle to improve credit
metrics."

The negative outlook reflects the risk the company will maintain an
FOCF deficit.

S&P could lower its rating on Moran Foods over the next 12 months
if it envisions a specific default scenario over the subsequent 12
months. This could occur if:

-- S&P expects liquidity will tighten and the company cannot
monetize its real estate assets in a timely manner;

-- The company cannot sustainably generate positive free cash
flow; or

-- The risk of a covenant breach increases significantly.

S&P could raise its rating on Moran Foods if the company:

-- Sustains improvement in operating performance, including
material and sustainable positive FOCF generation, consistent
operating margins, and increasing revenue; and

-- Maintains S&P Global Ratings-adjusted leverage of less than
6x.

S&P said, "We view governance factors as a negative consideration
in our credit rating analysis due to Save-A-Lot's inability to
meaningfully improve its performance under the new business model.
The company has faced challenges implementing its turnaround
initiatives, which led to two distressed exchanges since 2022."



MULLEN AUTOMOTIVE: Files Suit Over Market Price Manipulation
------------------------------------------------------------
Mullen Automotive Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on Dec. 6, 2023, it filed a
complaint in the U.S. District Court for the Southern District of
New York alleging that UBS Securities, LLC, IMC Financial Markets
and Clear Street Markets, LLC engaged in a market manipulation
scheme that violated Section 10(b) and Rule 10b-5(a) and (c) and
Section 9(a) of the Securities Exchange Act of 1934.  

The lawsuit alleges that between Nov. 9, 2021 and Nov. 9, 2023 the
defendants and their customers used spoofing to manipulate the
market price of the Company's shares.  A copy of the complaint is
available for free at:

https://www.sec.gov/Archives/edgar/data/1499961/000110465923123932/tm2332298d1_ex99-1.htm

                           About Mullen

Mullen Automotive Inc., f/k/a Net Element Inc., is a Southern
California-based automotive company building the next generation of
electric vehicles that will be manufactured in two Company-owned
United States-based assembly plants. Mullen's EV development
portfolio includes the Mullen FIVE EV Crossover, Mullen Commercial
Class 1 and 3 EVs and Bollinger Motors, which features both the B1
and B2 electric SUV trucks and Class 4-6 commercial offerings.

Mullen reported a net loss of $740.32 million for the year ended
Sept. 30, 2022, compared to a net loss of $44.24 million for the
year ended Sept. 30, 2021.

Fort Lauderdale, Florida-based Daszkal Bolton LLP, the Company's
auditor since 2020, issued a "going concern" qualification in its
report dated Jan. 13, 2023, citing that the Company has sustained
net losses, has indebtedness in default, and has a deficiency in
working capital of approximately $36 million at Sept. 30, 2022,
which raise substantial doubt about its ability to continue as a
going concern.


NEO ACCOUNTING: Updates NEO Unsecured Claims Pay; Amends Plan
-------------------------------------------------------------
Neo Accounting & Tax Services, LLC, et al., submitted a Disclosure
Statement for First Amended Plan of Reorganization dated December
4, 2023.

The primary objectives of the Plan are: (a) to alter the Debtors'
capital structure to permit them to emerge from their chapter 11
case with a viable capital structure; (b) to maximize the value of
the ultimate recoveries to all creditors on a fair and equitable
basis; and (c) to settle, compromise or otherwise dispose of
certain claims and interests on the terms that the Debtors believe
to be fair and reasonable and in the best interests of its estate
and creditors.

The Plan provides for, among other things: (a) the cancellation of
certain indebtedness in exchange for cash or other property of the
Debtors, (b) the assumption or rejection of executory contracts and
unexpired leases to which the Debtors are a party, and (c) the
restructuring of obligations the Debtors owe to certain secured
creditors.

Class A-4 consists of the Secured claims of JP Morgan Chase Bank.
The Debtor will pay: $60,362.00 to Chase on the retail installment
contract dated September 16, 2022, (the "Chase Note") pursuant to
the original terms of the Chase Note. Chase shall retain its
security interest in the collateral with the same validity and
priority as on the Petition Date (the "A-4 Collateral").

Class B consists of the Unsecured Claims of NEO Accounting & Tax
Services, LLC. Each holder of a Class B Allowed Claim shall receive
in full satisfaction of its Allowed Class B Claim Distributable
Cash from the Debtors plus the new value contribution from Brett
Mangon. The payment by the Debtors to holders of Allowed Class B
Claims shall be made in 5 annual payments beginning in the first
year following the Effective Date, but in no event, commencing
later than June 30, 2024, and on the 30th day of June each year
thereafter. Total payments of Distributable Cash shall be not less
than $187,262.00, plus the new value contribution by Brett Mangon,
less administrative expenses of the Chapter 11 Case over the term
of the Plan. Should any holder of an Allowed Class A-1 through A-4
Claim become entitled to participate in payment of Distributable
Cash, then each holder of an Allowed Class B Claim will receive
payments of a Pro Rata portion of Distributable Cash thereafter.

Cash necessary for distributions under the Plan will be generated
from the Debtors' postpetition income, and proceeds, if any, from
sales of assets, and proceeds of Avoidance Actions. The Debtors
estimate that distributions under the Plan for Administrative
Claims and Priority Tax Claims will require not less than
$10,000.00. Accordingly, the Debtors expect that they will be able
to make all payments required under the Plan to the holders of
Allowed Claims in Classes A through C.

The Debtors anticipate sufficient future ordinary income for the
period required to fund payments under their Plan.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=zlCvh5 from
PacerMonitor.com at no charge.

Counsel for the Debtors:

     Anthony J. DeGirolamo, Esq.
     3930 Fulton Dr., Ste. 100B
     Canton, OH 44718
     Tel: (330) 305-9700
     Fax: (330) 305-9713
     E-mail: tony@ajdlaw7-11.com

             About NEO Accounting & Tax Services

NEO Accounting & Tax Services LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. N.D. Ohio Lead Case No.
23-50868) on June 27, 2023. In the petition signed by Brett J.
Mangon, managing member, the Neo disclosed $1,255,817 in total
assets and $4,188,118 in total liabilities.

Judge Alan M. Koschik oversees the case.

Anthony J. DeGirolamo, Esq., at Anthony J. DeGirolamo, Attorney at
Law, is the Debtor's legal counsel.


NID HOME SOLUTIONS: Unsecured Creditors to be Paid in Full in Plan
------------------------------------------------------------------
NID Home Solutions, LLC, filed with the U.S. Bankruptcy Court for
the Northern District of Georgia a Disclosure Statement for Chapter
11 Plan dated December 4, 2023.

The Debtor is a Georgia limited liability company formed in 2016
and is a hundred percent owned by Craig Dixon. The Debtor owns two
tracts of real property, one located at 1728/1745 Lake Avenue, SW,
Atlanta, GA 30311 (the "Development") and 1787 Stanton Road, SW,
Atlanta, GA 30311 (the "Partial Tract").

The Debtor's intention with these properties is to develop the
parcels into a neighborhood of townhomes and to ultimately market
those townhomes for sale. Mr. Dixon invested funds into this
project via his affiliated company, CDN Variety Services, which has
a secured claim as to the Development. Further, the Debtor obtained
investments to fund development from Integral Real Estate Services
as well as Jay D. Kessler, as Trustee of the Bootery, Inc. Profit
Sharing Trust (the "Bootery"), each of which also have secured
claims as to the Development.

Unfortunately, the Debtor was unable to negotiate a forbearance
agreement with the Bootery, which ultimately forced the Debtor to
file this bankruptcy case on August 1, 2022. The Debtor seeks to
refinance the obligation to the Bootery, and to obtain funding for
the continued development of the project.

Class 4 shall consist of all General Unsecured Claims. The Debtor
shall pay the Class 4 Claims in full within 60 days of the
Effective Date, with interest at the federal judgement rate of
interest accruing from the Petition Date through the date of
distribution. Any Class 4 Claim shall be reduced by any payment
received by the creditor holding such claim from any third party or
other obligor and the Debtor's obligations hereunder shall be
reduced accordingly. Class 4 is Unimpaired.

Class 5 consists of Equity Security Holders of Debtor. The
Reorganized Debtor shall not make any distributions or pay any
dividends related to any Equity Interests unless and until all
distributions related to all Allowed Claims in Class 1, 2, and 4
have been made in full. Holders of Equity Interests in the Debtor
will retain those interests.

The source of funds for payments pursuant to the Plan will be the
refinancing of the Debtor's real property. The Plan provides that
Debtor shall act as the Disbursing Agent to make payments under the
Plan unless Debtor appoints some other entity to do so. Debtor may
maintain bank accounts under the confirmed Plan in the ordinary
course of business. Debtor may also pay ordinary and necessary
expenses of administration of the Plan in due course.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=gbn1LG from
PacerMonitor.com at no charge.

Counsel for Debtor:
   
     William A. Rountree, Esq.
     Will B. Geer, Esq.
     Caitlyn Powers, Esq.
     Rountree Leitman Klein & Geer, LLC
     Century Plaza I
     2987 Clairmont Road, Suite 350
     Atlanta, GA 30329
     Telephone: (404) 584-1238
     Facsimile: (404) 704-0246
     E-mail: wrountree@rlkglaw.com
             wgeer@rlkglaw.com
             cpowers@rlkglaw.com

                   About NID Home Solutions

NID Home Solutions, LLC, is a Georgia limited liability company
formed in 2016 and is a hundred percent owned by Craig Dixon.

The Debtor filed its voluntary petition for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 22-55915) on
Aug. 1, 2022, with as much as $1 million in both assets and
liabilities. Craig Dixon, manager, signed the petition.

Judge Barbara Ellis-Monro oversees the case.

Rountree Leitman Klein & Geer, LLC and Abundant Tax Returns serve
as the Debtor's legal counsel and accountant, respectively.


NOGIN INC: Files for Chapter 11 With Deal to Sell to B. Riley
-------------------------------------------------------------
Nogin (Nasdaq: NOGN, NOGNW), a pioneer in Commerce-as-a-Service
(CaaS) ecommerce technology and services, on Dec. 6 disclosed that
it has entered Chapter 11 bankruptcy proceedings in combination
with a stalking horse bid and Debtor in Possession (DIP) financing
provided by B. Riley Financial, Inc.  This support provides for
Nogin's sustained operations through the restructuring and its
emergence from the Chapter 11 process. B. Riley is a noted investor
in the technology, consumer products and retail industries and has
been exposed to Nogin and the value provided to their customers
through its investments in Hurley, Bebe, Brookstone, Scotch & Soda
and Justice brands. This move is part of a restructuring plan aimed
at reinforcing the company's financial stability and fostering
future growth and innovation.

Amidst this restructuring, Nogin underscores its robust business
performance. Year-to-date, the company has secured over $27 million
in bookings, with more than a dozen new accounts added to its
portfolio. These milestones not only demonstrate Nogin's strong
market position but also highlight the continuous trust and
reliance placed in its services by a growing number of clients.

Jonathan Huberman, CEO of Nogin, commented on the company's
direction: "Going forward, our financial structure will be aligned
to properly support our growing business. We want to reassure our
clients and partners that there will be no disruption in our
services. Backed by B. Riley's support and the potential they bring
for fostering new partnerships, we are set to navigate this period
successfully. Our impressive bookings this year are a testament to
the strength of our solutions and people. We are confident that
Nogin will emerge from this process as a more focused and robust
company, better equipped to meet our clients' diverse ecommerce
needs."

"We appreciate the significant value of Nogin's e-commerce platform
and look forward to partnering with Nogin to accelerate their
current growth trajectory and return to profitability," said Dan
Shribman, Chief Investment Officer at B. Riley.

The process will include an open bidding procedure, ensuring a
transparent and optimal approach to determining the best future
ownership for clients, creditors and the overall health of the
organization.

Nogin has partnered with Portage Point Partners to assist the
company during the restructuring phase and will be appointing Vlad
Kasparov and Robin Chiu as Chief Restructuring Officer ("CRO") and
Deputy CRO, respectively. Portage Point will also provide an
additional support team to the company during the transition
period.

During this restructuring phase, Nogin's operations will continue
as usual, without any interruption in service. The company looks
forward to a strong future and a return to profitability in the
next fiscal year. This outlook is bolstered by Nogin's solid client
base, continued growth and the increasing demand for its
specialized ecommerce services.

                 About Portage Point Partners

Portage Point -- http://www.portagepointpartners.com/-- is a
business advisory, interim management and investment banking firm
intensely focused on the middle market. Committed to excellence,
Portage Point delivers integrated capabilities and solutions that
identify value capture, mitigate risk and positively impact
outcomes at every stage of the ever-changing business and
investment lifecycle.

                          About Nogin

Nogin (Nasdaq: NOGN, NOGNW), the Intelligent Commerce company,
provides the world's leading enterprise-class ecommerce technology
and services for brand leaders that need to deliver superior growth
with predictable costs and an exceptional online experience. The
Nogin Intelligent Commerce technology is a cloud-based ecommerce
environment purpose-built for brands selling direct-to-consumer
(D2C) and business-to-business (B2B). Nogin frees its customers to
focus on their business while running as much or as little of the
digital commerce infrastructure as they choose. Founded in 2010,
Nogin optimizes the entire ecommerce lifecycle for a variety of
brands, such as Justice, bebe, Brookstone, Hurley, and Kenneth
Cole, as well as several B2B brands and marketplaces.  On the Web:
http://www.nogin.com/

Nogin, Inc., and affiliates Nogin Commerce, Inc., and Native Brands
Group LLC (D. Del. Lead Case No. Case No. 23-11945) on Dec. 5,
2023.

Nogin disclosed total assets of $47,263,000 and total debt of
$142,815,000 as of Sept. 30, 2023.

The Debtors tapped RICHARDS, LAYTON & FINGER, P.A., as counsel;
TRIPLE P RTS, LLC, as CRO provider; and LIVINGSTONE PARTNERS LLC as
investment banker.  DONLIN, RECANO & COMPANY, INC., is the claims
agent.





NOGIN INC: Said Bad Deals, Cash Crunch Prompted Chapter 11
----------------------------------------------------------
Jonathan Randles and Amelia Pollard of Bloomberg Law reports that
ex-SPAC Nogin Inc. goes bankrupt and plans sale to B. Riley unit.

Nogin Inc., provider of e-commerce services for the likes of
Kenneth Cole, bebe, Scotch & Soda and other retail brands, filed
bankruptcy with a plan to sell the business to a subsidiary of B.
Riley Financial Inc.

Nogin, which went public via merger with a blank-check company just
last year, filed Chapter 11 late Tuesday, Dec. 5, 2023, in
Delaware. It plans to implement a restructuring deal that would see
B. Riley's investment unit provide $24.7 million of new financing
and ultimately take over the company, court papers show.

Tustin, California-based Nogin blamed its bankruptcy primarily on
deals with some of its retail partners that required the business
to purchase their inventory.  One such agreement with teen-focused
retailer Justice saddled Nogin with large amounts of older
inventory and drained the company's cash, according to court
papers.  The company said it had problems with similar deals for
ModCloth, which sells vintage-inspired women's clothing, and
Betabrand.

Nogin Chief Restructuring Officer Vladimir Kasparov said in a sworn
statement that the deals contributed to a cash crunch that "made it
challenging to remain current with key vendors, and ultimately,
several of their customers."

Nogin listed in its Chapter 11 petition assets of more than $47
million compared to roughly $142.8 million in total debt.  Nogin
raised $65.5 million as part of its go-public deal last year and
the money was used, in part, to pay down older debt, pay the cost
of putting the deal together and to give cash to owners of the old
company, court papers show.

Owners of Nogin's convertible bonds would share a pot of $15.5
million under the plan, according to court documents.

The restructuring proposal is subject to better deals, should any
come together in the coming weeks, Nogin said.

                          About Nogin

Nogin (Nasdaq: NOGN, NOGNW), the Intelligent Commerce company,
provides the world's leading enterprise-class ecommerce technology
and services for brand leaders that need to deliver superior growth
with predictable costs and an exceptional online experience.  The
Nogin Intelligent Commerce technology is a cloud-based ecommerce
environment purpose-built for brands selling direct-to-consumer
(D2C) and business-to-business (B2B). Nogin frees its customers to
focus on their business while running as much or as little of the
digital commerce infrastructure as they choose. Founded in 2010,
Nogin optimizes the entire ecommerce lifecycle for a variety of
brands, such as Justice, bebe, Brookstone, Hurley, and Kenneth
Cole, as well as several B2B brands and marketplaces.  On the Web:
http://www.nogin.com/

Nogin, Inc., and affiliates Nogin Commerce, Inc., and Native Brands
Group LLC (D. Del. Lead Case No. Case No. 23-11945) on Dec. 5,
2023.

Nogin disclosed total assets of $47,263,000 and total debt of
$142,815,000 as of Sept. 30, 2023.

The Debtors tapped RICHARDS, LAYTON & FINGER, P.A., as counsel;
TRIPLE P RTS, LLC, as CRO provider; and LIVINGSTONE PARTNERS LLC as
investment banker.  DONLIN, RECANO & COMPANY, INC., is the claims
agent.


OUTLOOK THERAPEUTICS: Terry Dagnon Ceases as COO
------------------------------------------------
Outlook Therapeutics, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that it implemented a strategic
organizational realignment focused on supporting ONS-5010 United
States and European Union regulatory and commercial priorities.  

As part of the realignment, effective Nov. 30, 2023, Terry Dagnon
ceased to serve as the Company's chief operations officer and an
executive officer of the Company, and was appointed as senior
advisor.  Mr. Dagnon will continue to receive his current base
salary and other benefits under his existing employment agreement.

                          About Outlook Therapeutics

Outlook Therapeutics, Inc., formerly known as Oncobiologics, Inc.
-- http://www.outlooktherapeutics.com-- is a biopharmaceutical
company working to develop the first FDA-approved ophthalmic
formulation of bevacizumab for use in retinal indications,
including wet AMD, DME and BRVO.  If ONS-5010, its investigational
ophthalmic formulation of bevacizumab, is approved, Outlook
Therapeutics expects to commercialize it as the first and only
on-label approved ophthalmic formulation of bevacizumab for use in
treating retinal diseases in the United States, Europe, Japan and
other markets.

Philadelphia, Pennsylvania-based KPMG LLP, the Company's auditor
since 2015, issued a "going concern" qualification in its report
dated Dec. 29, 2022, citing that the Company has incurred recurring
losses and negative cash flows from operations and has an
accumulated deficit, that raise substantial doubt about its ability
to continue as a going concern.


PANOS FITNESS: Wins Interim Cash Collateral Access
--------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of New York
authorized Panos Fitness, LLC to use cash collateral on an interim
basis in accordance with the budget.

The Debtor is permitted to use cash collateral to pay only (i)
reasonable and necessary expenses to be incurred in the ordinary
course in connection with the operation of its business and in
accordance with the 13-week cash flow projection, (ii)
administrative expenses incurred in connection with the Subchapter
V Case, and (iii) other payments as may be authorized by separate
Court order. The Debtor's cumulative cash disbursements will not be
more than 10% of the projected amount set forth in the Cash Flow
Projection.

As adequate protection for the use of cash collateral, DCC
Shamrock, LLC will receive, to the extent of any diminution in the
value of its interest in the Prepetition Collateral, perfected
replacement security interests in, and valid, binding, enforceable
and perfected liens or mortgages, on all of the Debtor's
Postpetition Collateral to the same extent of its prepetition
liens.

As additional adequate protection, DCC will receive monthly
payments in the amount of $5,000 each commencing during the first
week of May 2023.

These events constitute an "Event of Default":

     a) The abrogation or modification of the Order either by
appeal or otherwise;

     b) The entry of an order appointing a Chapter 11 Trustee or
examiner for Debtor and/or the property of the Debtor;

     c) The entry of an order converting the Debtor's Chapter 11
case to a case under Chapter 7 of the Bankruptcy Code; and

     d) The Debtor's breach of any of the terms and conditions of
the Order, including by not limited to, any failure to make DCC
Adequate Protection Payments when and as due.

A sixth interim hearing on the matter is set for December 14, 2023
at 11:30 a.m.

A copy of the Court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=Wdv4Bi from PacerMonitor.com.

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

      $22,700 for the week ending December 15, 2023;
       $1,845 for the week ending December 22, 2023;
      $39,650 for the week ending December 29, 2023; and
       $4,900 for the week ending January 5, 2024.

           About Panos Fitness, LLC

Panos Fitness, LLC operates physical fitness facilities. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. N.D.N.Y. Case No. 23-30184) on March 29, 2023. In the
petition signed by Dean S. Panos, managing member, the Debtor
disclosed up to $1 million in assets and up to $10 million in
liabilities.

Judge Wendy A. Kinsella oversees the case.

Stephen A. Donato, Esq., at Bond, Schoeneck & King, PLLC,
represents the Debtor as legal counsel.


PAULSON'S TRANSPORT: Court OKs Cash Collateral Access Thru Feb 2024
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
authorized Paulson's Transport, Inc. to use cash collateral on an
interim basis, in accordance with the budget, with a 15% variance,
through February 22, 2024.

The Debtor is permitted to use cash collateral on an interim basis
for payment of post-petition operating expenses that come due prior
to February 22, 2024.

Compensation to Principals will be limited to the amount Debtor can
pay without meeting or exceeding the weekly projected net cash flow
in the Budget. Nothing in the order will be construed to allow (1)
payment in excess of the Principals' customary pre-petition
compensation and/or (2) payment of any amount to Principals on
account of their ownership interest in the Debtor.

As adequate protection for the Debtor's use of the cash collateral
on an interim basis, the Court grants Key Bank, Toyota Industries
Commercial Finance, Inc, Ally Bank, Ascentium, Amur, Chrysler
Credit, First Citizens Bank, Ford Credit, Stellantis, and WSECU
replacement liens in the Debtor's post-petition cash, accounts
receivable and inventory, and the proceeds of each of the
foregoing, to the same extent and priority as any duly perfected
and unavoidable liens in cash collateral held by the secured
creditors as of the petition date, to the extent that any cash
collateral of the Secured Creditors are actually used by the
Debtor.

As further adequate protection for KeyBank, Debtor is required to
pay bi-weekly adequate protection payments directly to KeyBank in
the amount of $1,570. In the event that a payment is not made,
KeyBank will provide a notice of cure upon which Debtor will have
10 days to cure the default. In the event of default, Principals
must forgo payment until such default is cured. The Debtor will
lose the ability to continue using KeyBank Cash collateral in the
event of default.

A final hearing on the matter is set for February 22, 2023 at 9:30
a.m.

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

                 About Paulson's Transport Inc.

Paulson's Transport Inc. -- https://www.paulsonstransport.com --is
a transporter of shipping containers in WA, OR, ID, MT, WY, NV and
CA areas.

Paulson's Transport Inc. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. W.D. Wa. Case No.
23-11959) on October 14, 2023. In the petition filed by Charles
Christian Carr, as president, the Debtor reports total assets of
$1,293,527 and total liabilities of $1,728,154.

Judge Marc Barreca oversees the case.

The Debtor is represented by Steven M Palmer, Esq. at Curtis,
Casteel & Palmer, PLLC.


PENNSYLVANIA REAL ESTATE: Case Summary & 30 Top Unsecured Creditors
-------------------------------------------------------------------
Lead Debtor: Pennsylvania Real Estate Investment Trust
             2005 Market Street, Suite 1000
             Philadelphia, PA 19103

Business Description: PREIT is a publicly traded real estate
                      investment trust, specializing in the
                      ownership and management of differentiated
                      shopping malls.

Chapter 11 Petition Date: December 10, 2023

Court: United States Bankruptcy Court
       District of Delaware

Seventy affiliates that concurrently filed voluntary petitions for
relief
under Chapter 11 of the Bankruptcy Code:

    Debtor                                              Case No.
    ------                                              --------
    Pennsylvania Real Estate Investment Trust           23-11974
    Bala Cynwyd Associates, L.P.                        23-11988
    Moorestown Mall LLC                                 23-12025
    Plymouth Ground Associates LLC                      23-11996
    Plymouth Ground Associates, LP                      23-12000
    PR AEKI Plymouth LLC                                23-12003
    PR AEKI Plymouth, L.P.                              23-12007
    PR BVM, LLC                                         23-12033
    PR Capital City Limited Partnership                 23-12006
    PR Capital City LLC                                 23-12001
    PR CC I LLC                                         23-12010
    PR CC II LLC                                        23-11983
    PR CC Limited Partnership                           23-12013
    PR Cherry Hill Office GP, LLC                       23-11985
    PR Chestnut Mezzco, LLC                             23-12040
    PR Cumberland Outparcel LLC                         23-11984
    PR Exton Limited Partnership                        23-12014
    PR Exton LLC                                        23-12011
    PR Exton Outparcel GP, LLC                          23-11997
    PR Exton Outparcel Holdings, LP                     23-11998
    PR Exton Outparcel Limited Partnership              23-12002
    PR Exton Square Property L.P.                       23-12019
    PR Fin Delaware, LLC                                23-11976
    PR Gainesville Limited Partnership                  23-11989
    PR Gainesville LLC                                  23-12012
    PR GV LLC                                           23-11979
    PR GV LP                                            23-11986
    PR Hyattsville LLC                                  23-12018
    PR Jacksonville Limited Partnership                 23-11977
    PR Jacksonville LLC                                 23-12008
    PR JK LLC                                           23-12005
    PR Magnolia LLC                                     23-11980
    PR Monroe Old Trail Holdings, L.P.                  23-12038
    PR Monroe Old Trail Holdings, LLC                   23-12035
    PR Monroe Old Trail Limited Partnership             23-12032
    PR Monroe Old Trail, LLC                            23-12030
    PR Moorestown Anchor-L&T, LLC                       23-11982
    PR Moorestown Anchor-M LLC                          23-12026
    PR Moorestown Limited Partnership                   23-12020
    PR Moorestown LLC                                   23-12016
    PR North Dartmouth LLC                              23-12037
    PR Plymouth Anchor-M, L.P.                          23-12022
    PR Plymouth Anchor-M, LLC                           23-12021
    PR Plymouth Meeting Associates PC LP                23-12031
    PR Plymouth Meeting Limited Partnership             23-12024
    PR Plymouth Meeting LLC                             23-12023
    PR PM PC Associates LLC                             23-12027
    PR PM PC Associates LP                              23-12029
    PR Prince George's Plaza LLC                        23-12015
    PR Springfield Town Center LLC                      23-11981
    PR Sunrise Outparcel 2, LLC                         23-12028
    PR Swedes Square LLC                                23-11990
    PR TP LLC                                           23-12004
    PR TP LP                                            23-12009
    PR Valley Anchor-M Limited Partnership              23-11999
    PR Valley Anchor-M, LLC                             23-11994
    PR Valley Anchor-S, LLC                             23-11987
    PR Valley Limited Partnership                       23-11993
    PR Valley LLC                                       23-11991
    PR Valley Solar LLC                                 23-12036
    PR Valley View Anchor-M, LLC                        23-11992
    PR Valley View Anchor-M Limited Partnership         23-11995
    PR Valley View OP-DSG/CEC, LLC                      23-11978
    PR Valley View OP TXRD, LLC                         23-12041
    PR Walnut Mezzco, LLC                               23-12042
    PREIT Associates, L.P.                              23-11973
    PREIT-RUBIN OP, Inc.                                23-12039
    PREIT-RUBIN, Inc.                                   23-11975
    PREIT Services, LLC                                 23-12034
    XGP LLC                                             23-12017

Judge: Hon. Karen B. Owens

Debtors'
General
Bankruptcy
Counsel:                 R. Craig Martin, Esq.
                         Aaron S. Applebaum, Esq.
                         DLA PIPER LLP (US)
                         1201 N. Market Street
                         Suite 2100
                         Wilmington, DE 19801
                         Tel: 302.468.5700
                         Fax: 302.394.2341
                         Email: craig.martin@dlapiper.com
                                aaron.applebaum@dlapiper.com

                           - and -

                         Richard A. Chesley, Esq.
                         Oksana Koltko Rosaluk, Esq.
                         DLA PIPER LLP (US)
                         444 West Lake Street
                         Suite 900
                         Chicago, IL 60606
                         Tel: 312.368.3974
                         Fax: 312.251.5874
                         Email: richard.chesley@dlapiper.com
                                oksana.koltkorosaluk@dlapiper.com

Debtors'
Special
Corporate
Counsel:                 WACHTELL, LIPTON, ROSEN & KATZ

Debtors'
Investment
Banker:                  PJT PARTNERS LP

Debtors'
Notice,
Claims,
Balloting &
Subscription
Agent:                   KROLL RESTRUCTURING ADMINISTRATION LLC

Debtors'
Special
Counsel:                 DILWORTH PAXSON LLP

Total Assets as of Sept. 30, 2023: $1,717,955,000

Total Debts as of Sept. 30, 2023: $1,994,045,000

The petitions were signed by Lisa Most as executive VP/general
counsel.

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

https://www.pacermonitor.com/view/LVYA4CY/Pennsylvania_Real_Estate_Investment__debke-23-11974__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

  Entity                             Nature of Claim  Claim Amount

1. Wilmington Savings                  Second Lien    $426,984,654
Fund Society FSB (Agent)            Deficiency Claim
500 Delaware Avenue
Wilmington, DE 19801
Name: Patrick J. Healty, SVP
Phone: (302) 888-7420
Email: PHealy@wsfsbank.com

2. Allied Universal Security Services   Trade Claim     $1,043,998
Eight Tower Bridge
161 Washington Street, Suite 600
Conshohocken, PA 19428
Name: Jermaine D. Peterson, VP
PHONE: (856) 213-7044
EMAIL: jermaine.peterson@aus.com

3. Service Management Systems Inc.      Trade Claim     $1,003,615
7135 Charlotte Pike
Suite 100
Nashville, TN 37209
NAME: Kevin Gleason, Division VP
PHONE: (615) 850-0542
EMAIL: kgleason@smsclean.com

4. Onslow County Tax Collector          Trade Claim       $770,735
234 Northwest Corridor Blvd
Jacksonville, NC 28540
Name: Kevin Turner
PHONE: (910) 989-2202
EMAIL: kevin_turner@onslowcountync.gov

5. Czarnowski Display Service, Inc.     Trade Claim       $326,766
2287 S. Blue Island Ave
Chicago, IL 60608-4344
NAME: Steve Rish, Sr. Acct. Mgr
PHONE: (702) 939-6610
EMAIL: srish@czarnowski.com

6. Cumberland Mall Realty               Trade Claim       $280,938
Holding LLC
1010 Northern Blvd, Suite 212
Great Neck, NY 11021
NAME: Mike Kohan
PHONE: (516) 708-9208
EMAIL: mikekohen@yahoo.com

7. H & M                                Trade Claim       $237,837
110 Fifth Avenue
11th Floor
Attn: Real Estate Legal
New York, NY 10011
NAME: Michelle Miranda
PHONE: (646) 532-9184
EMAIL: michelle.miranda@hm.com

8. Portrait Holdings, LLC               Trade Claim       $200,000
12703 Haynes Road
Attn: Steve Hardin
Houston, TX 77066
NAME: Steve Hardin
PHONE: (419) 467-6359
EMAIL: shardin@viprec.com

9. Delaware Valley Paving, Inc.         Trade Claim       $159,857
330 Pawlings Road
Phoenixville, PA 19460
NAME: Adam Fisher
PHONE: (610) 983-0567
EMAIL: afisher@delawarevalleypaving.com

10. Constellation NewEnergy             Trade Claim       $147,182
PO Box 4640
Carol Stream, IL 60197-4640
NAME: Joe Falci
PHONE: (513) 793-0185
EMAIL: joseph.falci@constellation.com

11. Total Maintenance Management        Trade Claim       $127,747
7135 Charlotte Pike, Suite 100
Nashville, TN 37209
NAME: Keith Woken
PHONE: (615) 850-5454
EMAIL: kwolken@smsholdings.com

12. Keystone Philadelphia               Trade Claim        $87,509
Properties, L.P.
PO Box 31001-2994
Pasadena, CA 91110-2994
NAME: Ann Menard
PHONE: (424) 229-3575
EMAIL: ann.menard@macerich.com

13. Bayview Associates                  Trade Claim        $66,666
185 NW Spanish River Blvd, Suite 100
Boca Raton, FL 33431-4230
NAME: Jeffrey Sandelman
PHONE: (561) 620-9200
EMAIL: jsandelman@kinproperties.com

14. Rycon Construction Inc.             Trade Claim        $59,007
2501 Smallman St. - Suite 100
Pittsburgh, PA 15222
NAME: Lou F. Ferraro
PHONE: (412) 392-2525
EMAIL: lferraro@ryconinc.com

15. Granite Telecommunications LLC      Trade Claim        $56,996
PO Box 841304
Boston, MA 02284
NAME: Michael Galvin
PHONE: (617) 745-5168
EMAIL: mgalvin@granitenet.com

16. CB Development Services, Inc.       Trade Claim        $49,221
1617 JFK Blvd, Ste 1090
Philadelphia, PA 19103
NAME: Ken Matthews
PHONE: (215) 569-0156
EMAIL: kmatthews@cbdsi.com

17. PECO Energy                         Trade Claim        $39,103
2301 Market Street
Attn: Legal Department
Philadelphia, PA 19103
NAME: Latisha Suarez
TEL: (877) 432-9384
FAX: (215) 841-4474
EMAIL: lateisha.suarez@exeloncorp.com

18. Jones Lang LaSalle Americas         Trade Claim        $37,500
95028 Treasury Center
Chicago, IL 60694-1700
NAME: Haley Gillan
PHONE: (202) 719-5622
EMAIL: haley.gillan@am.jll.com

19. Britten Inc.                        Trade Claim        $35,422
2322 Cass Road
Traverse City, MI 49684
NAME: Jessica James
PHONE: (231) 346-8588
EMAIL: jjames@britteninc.com

20. Abington Township                   Trade Claim        $35,316
1166 Old York Rd
Abington, PA 19001
NAME: Kathleen Przbylowski
PHONE: (267) 536-1100
EMAIL: Kprzybylowski@abington.org

21. Schnindler Elevator Co              Trade Claim        $27,874
20 Whippany Rd
Morristown, NJ 07960
NAME: Ryan Buterick
PHONE: (856) 234-2220
FAX: (973) 397-3619
EMAIL: ryan.buterick@schindler.com

22. SNO-Services LLC                    Trade Claim        $26,829
PO Box 1391
Indiana, PA 15701
NAME: Erik Frey
PHONE: (717) 979-4072
EMAIL: erik.frey@snoservices.com

23. Sharp Roofing Associates, Inc.      Trade Claim        $22,772
PO Box 219
Ironia, NJ 07845
NAME: Cheryl Re
PHONE: (973) 895-7330
EMAIL: cherylre@sra-roof.com

24. JPRA Architects                     Trade Claim        $18,756
39300 W. Twelve Mile Rd
Suite 180
Farmington Hills,MI 48331
NAME: Melissa Gregoire
PHONE: (248) 539-6255
EMAIL: mgregoire@jpra.com

25. Buist Electric, Inc.                Trade Claim        $17,969
2- 84th Street SW  
Byron Center, MI 49315
NAME: Scott Bishop
PHONE: (616) 878-3315
EMAIL: billing@buistelectric.com

26. KB Design Group, Inc.               Trade Claim        $17,548
113 W. Jersey Ave
Pitman, NJ 08071
NAME: Ben Bonaccorso, President
PHONE: (856) 589-3110
EMAIL: ben.bonaccorso@kbdesigngroupinc.com

27. Resource Energy Systems, LLC        Trade Claim        $17,305
10480 Little Patuxent Pkwy
Suite 950
Columbia, MD 21044
NAME: Jason Kass, VP
PHONE: (443) 393-7670
EMAIL: jkass@resourceenergy.com

28. Placewise Media                     Trade Claim        $15,225
Denver GMF c/o Placewise Media
PO Box 173704
Denver, CO 80217-3704
NAME: Lindsay Devlin
PHONE: (720) 457-9795
EMAIL: lindsay@placewise.com

29. Bryon Odhner                        Trade Claim        $13,764
400 W Germantown Pike ASS
PO Box 68
Bridgeport, PA 19405-0068
NAME: Bryon Odhner
EMAIL: bryon.odhner@gmail.com

30. RWE Clean Energy Solutions Inc.     Trade Claim        $13,609
1100 North Market Street
Wilmington, DE 19890-1600
NAME: Daniel Greene
PHONE: (914) 993-2166
EMAIL: invoicing@conedceb.com


PENNSYLVANIA REAL ESTATE: Files Chapter 11 to Cut Debt by $880M
---------------------------------------------------------------
PREIT (OTCQB: PRET), a leading operator of diverse retail and
experiential destinations, on Dec. 11 disclosed that it is taking
steps to execute a comprehensive reorganization to strengthen its
balance sheet, reduce its total indebtedness by approximately $880
million and extend its maturity runway. The reorganization plan
(the "Prepackaged Plan") is supported by 100% of PREIT's First and
Second Lien Lenders. To facilitate this process, the Company has
received commitments for new money debtor-in-possession ("DIP") and
exit revolver financing in an aggregate amount of approximately
$135 million from a diverse group of leading investors, led by
Redwood Capital Management, LLC and Nut Tree Capital Management,
LP. This funding commitment, together with the unanimous support
from the Company's existing lender group for the Prepackaged Plan,
is a testament to the lenders' confidence in the Company's forward
path and represents a crucial source of capital to support the
Company's financial stability and long-term growth.

The Company's primary focus remains creating compelling retail and
experiential destinations while prioritizing service to its
employees, partners, customers and communities. PREIT has a rich
history, as detailed in the timeline featured here. Effectuating
this Prepackaged Plan will allow PREIT to continue its legacy of
being an integral part of its communities as a significant employer
that is committed to the transformation of its properties.

"We are pleased to be moving forward with strengthening the
Company's balance sheet and positioning it for long-term success
through this Prepackaged Plan. Following the pandemic disruption,
PREIT has worked tirelessly to enhance the portfolio, dramatically
improve occupancy and diversify its tenancy. However, unusual
economic conditions have limited the Company's options with respect
to its debt obligations as meaningful achievements on the operating
front were met with inflation and rising interest rates," said
Joseph F. Coradino, Chairman and CEO of PREIT. "The announcement
will position a restructured PREIT to execute on strategic
initiatives to continue transforming its portfolio for the tenants
and communities it serves. We look forward to quickly emerging from
this process as a financially stronger company with the resources
and support to continue creating diverse, multi-use property
experiences throughout our portfolio."

In order to effectuate the restructuring to make way for a
recapitalized PREIT, the Company has filed a voluntary Chapter 11
petition in the United States Bankruptcy Court for the District of
Delaware to implement its Prepackaged Plan. The filing will ensure
that PREIT can continue all business operations without
interruption while it obtains necessary approvals of its financial
restructuring. In advance of the filing, the Company executed a
Restructuring Support Agreement ("RSA") with 100% of its First and
Second Lien Lenders. In accordance with the RSA, PREIT expects it
will be able to emerge from Bankruptcy by early February 2024.

PREIT will pay all vendors, suppliers and employees during the
course of the Chapter 11 proceedings and, pursuant to the terms of
the Prepackaged Plan, which will be subject to court approval, the
prepetition claims of all vendors, suppliers and employees will be
unimpaired.

Under the terms of the Prepackaged Plan, a reorganized PREIT would
emerge following the court-supervised process with a restructured
balance sheet. Terms of the transaction are detailed in filings
with the SEC and summarized below:

First Lien Lenders: First Lien Lenders have the option to receive
either a cash payment equal to 100% of their claims, or instead
convert their claims into term loans under the Exit Facility in an
amount equal to 101% of their claims.

Second Lien Lenders: Second Lien Lenders will get their pro rata
share of 65% of the new equity interests in reorganized PREIT and,
Second Lien Lenders who commit to backstop the Exit Facility will
receive 35% of the new equity interests in reorganized PREIT, in
each case subject to subject to dilution by a customary management
incentive plan.

DIP Facility: The restructuring will be supported financially
through a new money DIP Facility, totaling up to $60 million, which
will convert into term loans under the Exit Facility in an amount
equal to 101% of the DIP facility loans.

Exit Facility: In addition, our lenders have committed to provide
revolving loans and term loans under an Exit Facility, consisting
of a $75 million new money revolver, if PREIT is expected to have
less than $75 million in unrestricted cash upon emergence from the
Chapter 11 proceedings, and exit term loans in an amount sufficient
to refinance in cash or in kind the DIP facility and the First Lien
Loans.

Equity Payment: Existing Preferred and Common Shares of PREIT will
be canceled and PREIT will no longer be a publicly traded company.
An aggregate $10 million payment, net of costs defined in the
Prepackaged Plan and subject to certain conditions, will be
provided to holders of the existing Preferred and Common Stock. The
payment, if made, will be allocated as follows: 70% for Preferred
shareholders and 30% for Common shareholders.

On behalf of the Board of Trustees, Michael DeMarco, Lead
Independent Trustee, commented: "In November 2021, the Company
engaged PJT Partners to engage in a process to explore all
strategic options to maximize shareholder value. PJT robustly
marketed the Company's properties, sought capital infusion and
otherwise explored any available options. That process did not
result in any options that would allow the Company to refinance or
otherwise achieve value that would exceed the aggregate amount of
its First and Second Lien Loans. After months of evaluation and
review with our financial advisors, the Board has unanimously
approved a transaction that we believe to be the alternative that
maximizes the value of PREIT for all of our stakeholders. While
PREIT continues to operate in a challenging market, we are pleased
to arrive at an agreement with our key creditors that also provides
a $10 million payment to Preferred and Common shareholders, if
certain conditions are met, who otherwise would receive nothing.
Based on the advice from its financial advisors, including that the
value of the Company does not exceed the aggregate amount of the
existing First Lien and Second Lien Loans, the Board has concluded
that the consideration provided to Preferred and Common
shareholders is in effect a gift resulting from voluntary agreement
with the existing First and Second Lien Lenders to avoid the
expense of protracted Chapter 11 proceedings and shall only be
available in the event that the Equity Distribution Conditions are
satisfied."

PREIT has filed a number of customary first-day motions with the
court to support its operations during the court-supervised
process, including the continued payment of employee wages and
benefits without interruption. The Company expects to receive court
approval for these requests.

Additional information, including court documents and information
about the court-supervised process, is available on PREIT's
restructuring website through PREIT's claims agent, Kroll, here.

DLA Piper LLP (US), Wachtell, Lipton, Rosen & Katz and Dilworth
Paxson LLP are serving as legal counsel and PJT Partners LP is
serving as financial advisor to PREIT.

Paul Hastings LLP and Young Conaway Stargatt & Taylor, LLP are
serving as legal counsel and Houlihan Lokey is serving as financial
advisor to the ad hoc group of PREIT's first lien and second lien
secured lenders.

                         About PREIT

PREIT (OTCQB:PRET) -- http://www.preit.com-- is a real estate
investment trust that owns and manages innovative properties
developed to be thoughtful, community-centric hubs. PREIT's robust
portfolio of carefully curated, ever-evolving properties generates
success for its tenants and meaningful impact for the communities
it serves by keenly focusing on five core areas of established and
emerging opportunity: multifamily & hotel, health & tech, retail,
essentials & grocery and experiential. Located primarily in densely
populated regions, PREIT is a top operator of high quality,
purposeful places that serve as one-stop destinations for customers
to shop, dine, play and stay.



PIEDRA MALA: Seeks Cash Collateral Access
-----------------------------------------
Piedra Mala Contracting, LLC asks the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, for authority to
use cash collateral in accordance with the budget, with a 10%
variance, and provide adequate protection.

The Debtor requires the use of cash collateral to pay operating
expenses, professional fees, and make adequate protection payments
to its lenders.

Benjamin Lambrecht established Piedra Mala Contracting, LLC in 2018
to carry out construction and land development operations. With
over 20 years of experience, the heavy civil soil stabilization and
land development contractor performs general to specialized soil
stabilization, farm and ranch development, industrial pad
development, and oil and gas services. Piedra acquired large-scale
construction equipment and secured loans from various lenders.
However, as operations expanded, the company struggled to equip
itself with the necessary staff and bookkeeping skills.
Consequently, Piedra has not recovered $340,000 in outstanding
accounts receivable due to Covid, lack of employees, and
bookkeeping issues.

When the COVID-19 pandemic struck, Piedras sought a $500,000 loan
from the Small Business Administration to maintain operations with
an outstanding balance of approximately $541,920. The SBA Loan was
obtained in June 2020 and is secured by a blanket lien over all of
the Debtor cash, tangible and intangible property. The Debtor also
has a secured line of credit with Texas Partners Bank with an
outstanding balance of approximately $57,161. The Texas Partners
Bank loan was taken out in September 2021 and is secured by a
blanket lien over all of the Debtor's cash, tangible and intangible
property.

In addition to the blanket liens, several creditors have purchase
money security interests in the Debtor's equipment.

Piedras general plan is to collect receivables, restructure its
business to increase profitability, and sell unused and
underutilized equipment to reduce its overall debt load, which will
allow it to service the debt on its highly utilized equipment.
Through the end of 2023, the Debtor believes it will collect
$150,000 to $200,000 for work that will be completed in December
2023, and from outstanding receivables.

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

                About Piedra Mala Contracting LLC

Piedra Mala Contracting LLC is a heavy civil soil stabilization
contractor covering the State of Texas and specializing in soil
stabilization of industrial and infrastructure projects.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 23-51662) on December 1,
2023. In the petition signed by Ben Lambrecht, manager, the Debtor
disclosed up to $10 million in both assets and liabilities.

Judge Michael M. Parker oversees the case.

Ronald Smeberg, Esq., at the Smeberg Law Firm, represents the
Debtor as legal counsel.


PIONEERS MEMORIAL: Fitch Affirms 'B' IDR, Outlook Negative
----------------------------------------------------------
Fitch Ratings has affirmed Pioneers Memorial Healthcare District's
(PMHD) Issuer Default Rating (IDR) at 'B'. Fitch has also affirmed
the series 2004 general obligation (GO) bonds and the series 2017
revenue bonds at 'B'.

The Rating Outlook is Negative.

   Entity/Debt                    Rating         Prior
   -----------                    ------         -----
Pioneers Memorial
Healthcare
District (CA)               LT IDR B  Affirmed   B

   Pioneers Memorial
   Healthcare
   District (CA)
   /General Obligation
   - Unlimited Tax –
   Dedicated Tax/1 LT       LT     B  Affirmed   B

   Pioneers Memorial
   Healthcare District
   (CA) /General
    Revenues/1 LT           LT     B  Affirmed   B

The 'B' rating reflects PMHD's weak financial profile in Fitch's
forward-looking scenario analysis balanced by a recent history of
soft operations and weak payor mix. The continued Negative Outlook
reflects PMHD not meeting its FYE 2023 debt service coverage (DSC)
requirement of 1.2x or liquidity requirement of 50 days cash on
hand (DCOH). This was the district's second consecutive covenant
violation as PMHD did not meet its DSC covenant in FY22 as a result
of operational challenges related to the pandemic. The covenant
violations in FY23 were an Event of Default but were remedied
through the engagement of the consultant. Bondholders do not have
the right to accelerate.

Core operating metrics improved somewhat in FY23 compared to FY22
aided by implementation of numerous revenue cycle strategies, a
reduction in contract labor expenses and acquisition of a 99-bed
Skilled Nursing Facility (SNF). The district expects to make its
debt service payments in full and on time in FY24 and FY25.

The rating does not incorporate ongoing legislation (AB918) that
could result in PMHD dissolving and becoming a part of a new
Imperial Valley Healthcare District.

SECURITY

The series 2017 revenue bonds are secured by a gross revenue pledge
and further secured by a debt service reserve fund. The series 2012
and 2004 ULTGO bonds are payable from an unlimited ad valorem tax
pledge on all taxable properties within the district boundaries,
without limitation as to rate or amount.

KEY RATING DRIVERS

Revenue Defensibility - 'b'

Leading Market Share, Very Weak Payor Mix

PMHD provides specialized medical expertise to residents of a
primary service area that includes Imperial County and the City of
Calexico, and it maintains a leading market position in the service
area. Fitch views the district as vulnerable to reimbursement risk
due to elevated exposures to Medicaid and self-pay, which accounted
for 42.4% of gross revenues as of fiscal 2023. The district
benefits from its affiliation with Scripps Health, receiving
support in consulting services, purchasing and branding
opportunities. Additionally, through an agreement with Rady
Children's Hospital and Health Center, the district receives
support and expertise in the provision of pediatric and neonatal
services.

The district receives approximately three percent of its financial
support from property taxes. These funds are used to support
operations and pay debt service on the district's GO bonds. For the
fiscal years ended June 30, 2021, 2022, and 2023 the district
recognized ad valorem property tax revenues of $3,221,789,
$3,238,942 and $3,335,792; of these amounts received $1,355,181,
$1,383,909 and $1,461,056 were used to fund operations of the
hospital. Fitch views the ability to make debt service payments on
those series of debt as highly likely given the unlimited nature of
the tax levy supporting the GO bond debt service, the growing tax
base, and the low tax rate; per Fitch's criteria the IDR constrains
the GO rating at the 'B' level. In Fitch's view, tax revenues do
not improve PMHD's revenue defensibility assessment given the
limited contribution to support operations.

Operating Risk - 'b'

Operations Slow to Improve

PMHD's operating profile assessment is very weak driven by the
district's history of slim operating margins which were further
disrupted in recent years due to the COVID-19 pandemic. Imperial
County experienced several COVID-19 surges and reliance on contract
labor significantly increased. Over the past five fiscal years,
operating profitability has been consistently weak with operating
EBITDA and EBITDA margins averaging 2.1% and 2.7% between fiscal
2019 and fiscal 2023. In fiscal 2022 operating EBITDA margin was
negative 3.5% as a result of continued pandemic-related pressures
to contract labor expenses and a delay in supplemental program
revenues.

Operating metrics improved in FY23 with operating EBITDA and EBITDA
of 3.6% and 3.7% respectively according to audited results.
According to management this improvement is largely due to
implementing consultant recommendations related to revenue cycle,
reducing contract labor and other cost management measures.
Additionally, PMHD benefited from the acquisition of a 99-bed SNF
in April 2023 and an increase in patient volumes (specifically
obstetrical census) as PMHD is now the only provider in the area.

Despite these operational improvements PMHD did not meet its annual
DSCR of 1.2x and DCOH of 50 days in fiscal 2023. Per the bond
documents, if the district fails to meet its DSC and DCOH
requirement, it will be deemed to have satisfied bond indenture
covenants as long as the district retains consultants to help
improve performance. Given they were implemented at various points,
in-year improvement strategies only had a partial impact for FY23.
Management expects to meet DSCR and DCOH covenants in FY24 as PMHD
will have the initiatives in place for the entire fiscal year.

The district's elevated plant age and long-term capex requirements
provide the hospital with very limited operating flexibility. The
average age of plant was 27 years as of fiscal 2023. The district
will need to undertake structural and non-structural capital
upgrades in order to use its facilities beyond 2030 due to seismic
requirements. Fitch views significant capital investments will be
required over the long term should California's seismic
requirements remain at current levels. Management is evaluating the
size and scope of required projects over the next couple of years
and will have more information over the medium term.

Financial Profile - 'b'

Balance Sheet Has Limited Flexibility

Fitch assesses PMHD's leverage and liquidity position as very weak.
The district ended FY23 with approximately $16.7 million in
unrestricted cash and investments, translating to a thin
cash-to-adjusted debt of 40.8% and DCOH of 44.3 as measured by
Fitch. Fitch views the district's balance sheet as having limited
financial flexibility at the current rating and maintenance of its
current cash-to-adjusted debt metric is imperative to near-term
rating stability.

In Q2 of FY24 management reports that PMHD received a $28 million
loan from California as part of the state's Distressed Hospital
Loan Program; it is an interest free loan with an 18-month grace
period payable over six years. Fitch believes this loan provides an
adequate liquidity cushion for the district in the near term.
Fitch's forward-looking scenario analysis expects PMHD's key
liquidity and leverage metrics will stabilize in the near term
aided by the recent support from the state and ongoing revenue
cycle and cost management efforts. As a result, Fitch believes it
is likely that PMHD will meet its DSC and DCOH covenants in FY24.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- Failure to meet its DSC and DCOH covenants in fiscal 2024;

- If operations do not stabilize resulting in a further decline of
cash-to-adjusted debt.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- If operating performance stabilizes at the improved level and
PMHD meets its DSC and DCOH covenants in fiscal 2024, Fitch would
likely revise the outlook to stable.

PROFILE

PMHD is a hospital district located in Imperial County, California,
approximately 120 miles east of San Diego. The district owns and
operates a 107-bed acute care hospital and numerous outpatient
physician, primary and specialty clinics throughout Imperial
County. PMHD provides health care services to residents of the
Imperial Valley with its main campus located in Brawley in addition
to health clinics in Brawley and Calexico.

Total revenues as of audited fiscal 2023 (June YE) were $142
million, inclusive of ad valorem tax revenues.

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.


PREMIER DENTAL: Moody's Lowers CFR & First Lien Term Loan to Caa1
-----------------------------------------------------------------
Moody's Investors Service downgraded Premier Dental Services,
Inc.'s (d/b/a Sonrava Health) ratings, including the Corporate
Family Rating to Caa1 from B3 and the Probability of Default Rating
to Caa1-PD from B3-PD. Moody's also downgraded the ratings of the
company's senior secured first lien term loan, senior secured first
lien revolving credit facility and senior secured first lien
delayed draw term loan to Caa1 from B3. The outlook is maintained
at stable.              

The ratings downgrade reflects weakening liquidity due to a
deterioration in operating performance and higher than expected
integration costs related to Sonrava's acquisition of Mid-Atlantic
Dental Partners. Medicaid eligibility rules changes have also
impacted Sonrava's legacy business (Western Dental). In addition,
persistent inflationary cost pressures, especially with labor, have
negatively impacted the company's earnings. Moody's calculates
Sonrava's debt-to-EBITDA at approximately 6.7 times as of September
30, 2023. Moody's expects leverage to decline gradually to the low
6 times range over the next 12-18 months, driven by earnings growth
into 2024.

Governance risk considerations are material to the rating action.
Sonrava is operating with high financial leverage resulting from
its history of debt-funded acquisitions. This is balanced in part
by a supportive private equity sponsor which has injected new
equity into the business throughout 2023.

RATINGS RATIONALE

Sonrava's Caa1 Corporate Family Rating is constrained by its high
leverage and very weak liquidity.  Its acquisition of Mid-Atlantic
Dental Partners (MADP) in June 2022 has led to higher than expected
integration costs and undisclosed liabilities from vendors which
have pressured cash flows.  Sonrava's credit profile is further
constrained by its significant revenue concentration in California,
though the addition of MADP reduces this concentration materially.
Sonrava also has a high exposure to patients who are either self
pay or use Sonrava's installment plans for financing.

The company benefits from its exposure to general dentistry, as one
of the largest DSOs with a nationwide footprint. General dentistry
will continue to benefit from favorable demographic tailwinds.
Sonrava's acquisition of MADP has diversified its geographic and
payor mix. Further, Sonrava's sponsor, New Mountain Capital, has
provided strong ongoing commitment to the business through new
equity infusions, showing support for the company as it completes
its integration with MADP.

Moody's expects Sonrava to maintain weak liquidity over the next 12
to 18 months.  Total cash on balance sheet was $24 million as of
September 30, 2023. Moody's expects modest negative free cash flow
over the next 12 to 18 months. The $60 million senior secured
revolving credit facility has $51 million drawn and limited
additional for further draws due to LCs. The revolving credit
facility expires in 2026 and the first lien term loans mature in
2028.

In its stable outlook, Moody's expects the company's earnings will
improve but liquidity will remain weak.

The senior secured first lien credit facilities are rated Caa1,
same as the CFR, as the facilities represent the preponderance of
debt on the balance sheet. This also reflects their first priority
position in the capital structure but below the $50 million ABL
which is fully drawn.

ESG CONSIDERATIONS

Sonrava's CIS-5 (previously CIS-4) indicates that the rating is
lower than it would have been if ESG risk exposures did not exist
and that the negative impact is more pronounced than for issuers
scored CIS-4. This reflects governance risks G-5 (previously G-4)
including a track record of debt funded acquisitions and weak
operating results. The company has exposure to social risks
stemming from labor pressures as the company relies on a labor
force of trained dentists, hygienists, and other medical care
professionals. Additional social risks include access and
affordability of dental and medical care services.

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

The ratings could be upgraded if Sonrava improves its liquidity
position including sustaining positive free cash flow and reducing
its reliance on external sources of financing. The ratings could
also be upgraded if the company materially improves its
profitability and earnings.

Sonrava's ratings could be downgraded if the company's liquidity
does not improve, as evident with sustained negative free cash
flow. Ratings could be downgraded if the company's operating
performance further deteriorates. Lastly, ratings could also be
downgraded if the prospects for a transaction that Moody's would
deem a distressed exchange or a default were to increase.

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


PREMIER KINGS: Gets $54 Million Bids for Its 170 Restaurants
------------------------------------------------------------
Evan Ochsner of Bloomberg Law reports that bankrupt Burger King
franchisee Premier Kings Inc. received bids totaling more than $54
million for nearly 170 restaurants across much of the South.

The company selected four top bids for nearly all of its locations
at an auction Monday, according to court papers filed Tuesday.  The
bids are a significant milestone for the company after it filed
Chapter 11 in October with the goal of selling its assets.

Mosaic Gold Crown Group LLC bid $7.25 million for 35 locations in
the Atlanta area, according to a Tuesday, December 6, 2023, filing
in the US Bankruptcy Court for the Northern District of Alabama.

                      About Premier Kings

Premier Kings, Inc. and affiliates are the owners and operators of
174 operating Burger King franchise locations.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ala. Lead Case No. 23-02871) on Oct.
25, 2023. At the time of the filing, Premier Kings reported $10
million to $50 million in assets and $50 million to $100 million in
liabilities.

Judge Tamara O. Mitchell oversees the cases.

The Debtors tapped Cole Schotz, PC as the lead counsel; Holland &
Knight, LLP as local bankruptcy counsel; Raymond James &
Associates, Inc. as investment banker; and Kurtzman Carson
Consultants, LLC as noticing and claims agent.

On Nov. 6, 2023, the U.S. Bankruptcy Administrator for the Northern
District of Alabama appointed an official committee to represent
unsecured creditors in the Debtors' Chapter 11 cases.  The
committee is represented by the law firm of Christian & Small, LLP.


PROASSURANCE CORP: S&P Affirms 'BB' Long-Term ICR, Withdraws ICR
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' long-term issuer credit rating
on ProAssurance Corp. S&P then withdrew the rating at the company's
request, in conjunction with the full repayment of its $250 million
senior notes due November 2023. The company recently refinanced its
senior debt with an unrated revolving credit facility. The outlook
was stable at the time of the withdrawal.

S&P said, "We revised our assessment of ProAssurance's financial
risk profile to satisfactory from fair, driven by capital
redundancy at the 99.80%, or strong, confidence level, after
applying our new risk-based capital methodology. The improvement in
capital adequacy primarily reflected an increase in total adjusted
capital (TAC) owing to not deducting non-life deferred acquisition
cost. Additionally, we've captured the benefits of risk
diversification more explicitly in our analysis, which supports
capital adequacy.

"ProAssurance's operating performance has weakened through 2023,
relative to our expectation, evidenced by a combined ratio of
112.9%. It remains susceptible, in our view, to sustained strain
given conditions in its core medical professional liability (MPL)
market. As a result, we revised our assessment of its competitive
position to the lower end of the 'satisfactory' category.

"The outcome of these updates reflects no change to our 'BB' rating
at the holding company level in connection with its withdrawal."



QUICK TUBE: Wins Interim Cash Collateral Access
-----------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, authorized Quick Tube Systems, Inc. to use cash
collateral on an interim basis in accordance with the budget, with
a 5% variance.

As previously reported by the Troubled Company Reporter, a search
in the Texas Secretary of State shows that allegedly secured
positions are held by Bancorpsouth (orig UCC Filing 17-0019592357
and continuation to UCC Filing 22- 00012301), Bancorpsouth (UCC
Filing 19-0019953865) and Bancorpsouth (UCC Filing 21- 0054746089).
Bancorpsouth Bank is now known as Cadence Bank. The second-position
UCC lien is only a lien on equipment.

The court said as adequate protection for the use of cash
collateral, the parties that assert an interest in the cash
collateral, are granted replacement liens on all post-petition cash
collateral and post-petition acquired property to the same extent
and priority they possessed as of the Petition Date.

The holders of allowed secured claims with a perfected security
interest in cash collateral, will be entitled to a replacement lien
in post-petition accounts receivable, contract rights, and deposit
accounts to the same extent allowed and in the same priority as
those interests held as of the Petition Date.

A continued interim hearing on the matter is set for December 14,
2023 at 10:30 a.m.

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

                  About Quick Tube Systems, Inc.

Quick Tube Systems, Inc. is a provider of physical security,
electronic security, customized drive-up service, and delivery
systems. Its products include pneumatic delivery systems, indoor &
outdoor kiosks, deal drawers & drive through windows,  electronic &
mechanical locks, security storage, cash management security, video
surveillance, security entrance control & access control, alarm
panels & alarm monitoring, biometric access control, intercom audio
& video systems, and directional LED signs.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-33570) on September
15, 2023. In the petition signed by Ray Epps, CEO, the Debtor
disclosed $2,395,188 in assets and $3,383,980 in liabilities.

Judge Jeffrey P Norman oversees the case.

Robert C. Lane, Esq., at the Lane Law Firm, represents the Debtor
as legal counsel.


RE/MAX LLC: S&P Downgrades ICR to 'BB-' on Elevated Leverage
------------------------------------------------------------
S&P Global Ratings lowered all the ratings on Denver-based real
estate franchiser RE/MAX LLC, including its issuer credit rating,
to 'BB-' from 'BB.'

The stable outlook reflects S&P's view that RE/MAX will maintain
sufficient liquidity and cash flow during housing market weakness.

S&P thinks persistently low 2024 home sale volumes and high
mortgage rates will prevent RE/MAX from generating enough earnings
to deleverage. Though its U.S. agent attrition is stabilizing in
the back half of 2023, home sale transactions remain stubbornly
low, leading S&P to believe RE/MAX cannot gain enough operating
leverage to increase EBITDA such that adjusted leverage would be
commensurate with its prior rating.

S&P said, "The 'BB-' rating reflects our view of the market's
downward pressure on EBITDA, modestly weakening RE/MAX's credit
profile. The company's interest coverage ratios in 2023 and 2024
are worse than we previously anticipated with EBITDA shrinking
nearly 25% in 2023 by our forecast. We also are uncertain over how
the agent teams model could affect fees and how continued movement
in agent count could affect the resilience of the business model.
About half of RE/MAX's revenues are driven by agent count.

"We still think RE/MAX's liquidity sources support its ability to
keep investing in growth initiatives during a difficult operating
performance environment. RE/MAX's cash of about $90 million cash of
Sept. 30, 2023, and substantial forecast free cash flow even under
weaker earnings support our stable outlook. We think this will
allow management to keep focus on preparing to scale the sale of
mortgage franchises as rates eventually ease and to strategically
allocate resources to growth initiatives.

"The stable outlook reflects our view that RE/MAX will maintain
good liquidity and free operating cash flow to debt above 10%.

"We could lower the rating if we expect leverage to increase and
remain above 4.5x and if cash flow deteriorates such that
discretionary cash flow to debt persists below 3% on a sustained
basis." This could occur due to a combination of:

-- RE/MAX's recurring revenue base materially declining due to
agent loss or changes to the fee structure, which would likely
weaken prospects for deleveraging and could lead to a less
favorable view of the business model.

-- A change in financial policy sharply increasing debt to fund
acquisitions, shareholder distributions, or share repurchases.

S&P could raise the rating if it expects RE/MAX's leverage to
remain below 3.5x or better given its view of its operating
performance prospects and financial policy. This could be
demonstrated by:

-- RE/MAX broker fees improving due to higher home sale volumes
and flow through to EBITDA margins due to structural operating
expense management.

-- The company's recurring revenue base improving due to agent
growth in the U.S. and Canada.

-- The company refraining from high-priced, debt-financed
acquisitions, or material share repurchases.



RETAILING ENTERPRISES: Unsecureds Will Get 11.5% over 4 Years
-------------------------------------------------------------
Retailing Enterprises, LLC, submitted an Amended Disclosure
Statement describing Plan of Reorganization dated December 4,
2023.

       Settlement with City National Bank and MS Facilities, LLC

The Debtor, its wholly-owned subsidiary Retailing Enterprises of
PR, LLC ("RE PR"), its owner Mauricio Krantzberg, its supplier
Invicta Watch Company of America, Inc., its secured creditor City
National Bank of Florida ("CNB"), and its unsecured creditor MS
Facilities LLC, participated in a judicial settlement conference
that concluded in a settlement of claims between them. The
essential terms of the settlement are memorialized in a settlement
term sheet that was executed on or around November 17, 2023.

The settlement contemplates a distribution of $815,000.00 from the
reorganized Debtor. If the pro rata distribution payable on the
Main Street Loan amounts to less than $815,000.00, RE PR will pay
any deficiency, and Mr. Krantzberg, as additional New Value,
personally will guarantee such payments. If the pro rata
distribution payable on the Main Street Loan amounts to more than
$815,000.00, then the balloon payment due from Mr. Krantzberg as
New Value, which balloon payment will be reduced by an amount equal
to the difference between the total distribution on the Main Street
Loan and $815,000.00.

However, if litigation recoveries are the source of funds for a pro
rata distribution on the Main Street Loan in an amount greater than
$815,000.00, then no reduction shall apply, and Mr. Krantzberg, as
New Value, must make the full balloon payment in the amount of
$335,000.00.

Mr. Krantzberg as additional New Value will pay approximately
$485,000.00 towards the Main Street Loan. To secure that payment
obligation, Mr. Krantzberg, as New Value, will grant CNB a security
interest in any and all websites, domain names, and proceeds and
fees generated from the websites and domain names, that relate to
the Debtor and that are owned by Mr. Krantzberg or any of his
affiliates.

               Settlement with the Committee

On November 29, 2023, the Debtor and the Committee participated in
a judicial settlement conference that concluded in a global
settlement of claims and objections. In exchange for the Committee
withdrawing its objections to confirmation of the Debtor's Plan,
actively supporting confirmation of the Debtor's Plan, and
releasing prospective avoidance actions under Chapter 5 of the
Bankruptcy Code, the Debtor will incorporate the following terms in
its Plan:

     * The Debtor will pay its general unsecured creditors
approximately 11.5% of their allowed claims, in equal quarterly
payments over four years. The aggregate amount of payments to
general unsecured creditors shall not exceed $3,000,000.00.

     * After confirmation of the Plan, the Committee will assume
control over objections to claims and will split the net benefit of
successful claims objections with the Debtor.

The Debtor believes that there is minimal risk to creditors as to
the completion of the Plan.  All payments as provided for in the
Plan shall be paid by Debtor's Cash on hand, future net revenue
from the continued operation of Debtor's business, and Mr.
Krantzberg's New Value contributions, unless otherwise stated.

Class 15 consists of the Allowed Claims of the general unsecured
creditors.  The Debtor estimates the aggregate amount of Class 15
General Unsecured Claims (which does not include the Class 13 claim
of Invicta nor the claim of Mr. Krantzberg, as addressed in Class
16) totals approximately $24,560,000.  Except to the extent that
the holder of an Allowed General Unsecured Claim has been paid
before the Effective Date, or agrees to a different treatment, each
holder of an Allowed General Unsecured Claim against the Debtor
shall be paid up to 11.5% of the allowed amount of their respective
general unsecured claim.

Beginning on the Initial Payment Date, the Debtor will make equal
quarterly payments to the holders of Allowed General Unsecured
Claims, and those holders will share pro rata in each quarterly
distribution. The maximum amount that the Debtor will pay in the
aggregate to the holders of Allowed General Unsecured Claims is
$3,000,000.00, and the maximum length of time during which such
payments shall be made is four years.

In addition to the distributions of up to 11.5% of Allowed General
Unsecured Claims, or a pro rata share of up to $3,000,000.00, the
holders of Allowed General Unsecured Claims will receive fifty
percent of the net benefit resulting from post-confirmation claims'
objections, as follows: The Debtor retains all rights and interests
in the Claims objection process up until confirmation of the Plan.
After confirmation of the Plan, the Committee will become the
"Claims Administrator" and will assume control over objections to
Claims, and the Debtor will be relieved of all liability for the
post-confirmation objections-to-Claims process. If the Committee
reduces the Allowed amount of Claims post confirmation, the net
benefit resulting from such reduction equally will be split between
the Debtor and the Committee.

Class 16 consists of the Allowed Equity Interests in the Debtor.
Mr. Krantzberg is the Debtor's manager, president, and 100%
interest holder. Mr. Krantzberg will retain his 100% equity
interest in the Debtor/Reorganized Debtor by contributing "New
Value" in the approximate amount of $5,055,161.67, in the form of
(a) a waiver of Mr. Krantzberg's general unsecured claim of
$786,661.67 against the estate; (b) a waiver of Mr. Krantzberg's
administrative claim in the approximate amount of $714,000.009
against the estate; (c) a waiver of $239,500.00 which is owed by
the Debtor to Mr. Krantzberg's whollyowned company, 405 Southwest
Real Estate Company, LLC10; (d) $2,500,000.00 as a capital infusion
made by Mr. Krantzberg to the Reorganized Debtor, payable in 16
quarterly payments commencing on the Initial Payment Date, and (e)
Mr. Krantzberg's contributions to the Main Street Loan in the
amount of $485,000 plus a backstop to Main Street's general
unsecured distribution in the amount of $815,000.

A full-text copy of the Amended Disclosure Statement dated Dec. 4,
2023 is available at https://urlcurt.com/u?l=Rjq4X3 from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Aaron A. Wernick, Esq.
     Wernick Law, PLLC
     2255 Glades Road, Suite 324A
     Boca Raton, FL 33431
     Tel: 901-525-1322
     Fax: 901-525-2389
     Email: awernick@wernicklaw.com

                  About Retailing Enterprises

Retailing Enterprises, LLC, is an official reseller and distributor
of Invicta watches online and in 18 physical retail locations
across the United States with its main business premises located at
405 SW 148th Avenue, Suite 1, Davie, Florida 33325.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-14169) on May 30,
2023. In the petition signed by Mauricio Krantzberg, president, the
Debtor disclosed up to $50 million in assets and up to $100 million
in liabilities.

Judge Scott M. Grossman oversees the case.

Aaron A. Wernick, Esq., at Wernick Law, PLLC, is the Debtor's legal
counsel.


RGP INC: Files Emergency Bid to Use Cash Collateral
---------------------------------------------------
R.G.P., Inc. asks the U.S. Bankruptcy Court for the Eastern
District of Michigan, Southern Division, for authority to use cash
collateral and provide adequate protection.

The Debtor requires the use of cash collateral to fund payroll and
to satisfy obligations owed to its vendors who will provide goods
and services needed by RGP to perform the existing work and to
solicit new business.

Oxford Bank is the sole creditor with claims in RGP's pre-petition
cash collateral. Wells Fargo Bank, N.A., Verdant Commercial
Capital, LLC, UniFi Equipment Finance, Inc., and Xerox Financial
Services, LLC hold security interests in specific pieces of RGP's
equipment in connection with equipment financing agreements and/or
lease agreements.

Oxford extended credit to the RGP as evidenced by the following
described documents:

a. Business Loan I. RGP and Williams entered into a Business Loan
Agreement (Loan No. 758285) and U.S. Small Business Administration
Note each dated August 16, 2017, in the original principal amount
of $3.711 million.

b. Business Loan II. RGP entered into a Business Loan Agreement
(Loan No. 758268) and Promissory Note each dated August 16, 2017,
in the original principal amount of $500,000 in connection with a
revolving line of credit.

The balance due on the Oxford Obligations as of November 1, 2023
totaled $2.1 million, plus accruing interest, fees and costs.

As of the Petition Date, RGP was current on its payment obligations
under the Wells Fargo Leases, the Verdant Leases, and the Xerox
Lease.

RGP proposes to provide adequate protection to Oxford as follows:

(a) RGP will make monthly payments to Oxford in connection with
Oxford Loan I in the ordinary course pursuant to the terms of the
Oxford Loan Documents until a plan of reorganization has been
confirmed or the case has been dismissed or converted to a
proceeding under chapter 7 of the Bankruptcy Code; and

(b) RGP will make payments to Oxford in connection with Oxford Loan
II as follows: (i) $20,000 plus interest on or before December 8,
2023; (ii) $100,000 plus interest on or before January 19, 2024;
and, (iii) $20,000 plus interest on or before February 15, 2024,
and continuing on the 15th day of each consecutive month thereafter
until a plan of reorganization has been confirmed or the case has
been dismissed or converted to a proceeding under Chapter 7 of the
Bankruptcy Code or until such time as Oxford Loan II is paid in
full; provided, however, that the Oxford Loan II shall be paid in
full no later than the last business day of the second full month
after the confirmation of a plan of reorganization.

(c) In addition, RGP will grant Oxford replacement liens in its
post-petition assets, effective as of the Petition Date, including,
but not limited to, all accounts receivable and executory
contracts, to the same extent and validity and in the same priority
as such liens existed on the Petition Date, as well as a claim
under 11 U.S.C. Section 507(b) for any unpaid adequate protection
payments as provided for thereunder.

RGP proposes to provide adequate protection to UniFi as follows:

(a) RGP will make monthly payments to Unifi in the amount of $518
on the first due date under the UniFi Agreement after the Petition
Date and continuing on the due date under the UniFi Agreement of
each consecutive month until the effective date of a confirmed plan
of reorganization.

(b) In addition, RGP will grant UniFi a continuing replacement lien
in the UniFi Equipment, effective as of the Petition Date to the
same extent and validity and in the same priority as such lien
existed on the Petition Date.

(c) RGP will have a 10 day grace period to make the adequate
protection payments to UniFi.

RGP proposes to provide adequate protection to Wells Fargo, Verdant
and Xerox as follows:

(a) RGP will make the required monthly payments to Wells Fargo as
required by the Wells Fargo Leases beginning on first due dates
under the Wells Fargo Leases after the Petition Date and continuing
on the due dates under the Wells Fargo Leases of each consecutive
month until the effective date of a confirmed plan or conversion of
the case or such other date as the Wells Fargo Leases are resolved
through the proceeding.

(b) RGP will make monthly payments to Verdant as required by the
Verdant Leases beginning on first due date under the Verdant Leases
after the Petition Date and continuing on the due dates under the
Verdant Leases of each consecutive month until the effective date
of a confirmed plan or conversion of this case or such other date
as the Verdant Leases are resolved through the proceeding.

(c) RGP will make monthly payments to Xerox as required by the
Xerox Lease beginning on first due date under the Xerox Lease after
the Petition Date and continuing on the due date under the Xerox
Lease of each consecutive month until the effective date of a
confirmed plan or conversion of this case or such other date as the
Xerox Lease is resolved through the proceeding.

(d) RGP grants Wells Fargo, Verdant and Xerox replacement liens on
their respective collateral to the same extent and in the same
priority as existed on the Petition Date.

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

                       About  RGP, Inc.

RGP, Inc. is an ISO 9001:2008-registered company specializing in
contract inspection, customer representation and launch support
with a primary focus on the automotive industry.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mich. Case No. 23-50578) on December
1, 2023. In the petition signed by Bradley Williams, president, the
Debtor disclosed $2,092,222 in assets and $5,116,368 in
liabilities.

Judge Maria L Oxholm oversees the case.

Lynn M. Brimer, Esq., at Strobl PLLC, represents the Debtor as
legal counsel.


ROCHESTER MSA: Hits Chapter 11 Bankruptcy Protection
----------------------------------------------------
Nurin Sofia of Bloomberg News reports that Rochester MSA, a
Minnesota charter school operator with about $15 million in
municipal bond debt, filed for Chapter 11 bankruptcy.

Rochester MSA Building Company, which borrowed through the city of
Rochester, MN in 2018 to renovate and expand an existing school,
listed assets of $1 million to $10 million and liabilities of $10
million to $50 million.

                     About Rochester MSA

Rochester MSA Building Co. is a Minnesota charter school operator.

Rochester MSA Building Co. sought relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Minn. Case No. 23-32607) on Dec. 5,
2023. In its petition, the Debtor listed assets between $1 million
and $10 million and liabilities between $10 million to $50
million.

The Debtor is represented by:

     Paul L. Ratelle, Esq.
     Fabyanske Westra Hart & Thomson
     333 S 7th St
     Suite 2600
     Minneapolis, MN 55402


RODA LLC: May Use $100,017 of Cash Collateral Thru Dec 29
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon authorized
RODA, LLC to continue using cash collateral, on an interim basis,
in accordance with the budget, with a 10% variance.

The Debtor is permitted to use cash collateral not to exceed
$100,017 for the period covering November 9, 2023 through December
29, 2023.

The Debtor asserts that the creditors that appear to have security
interest/liens upon the cash collateral are PC0120N Joint Venture
by Assignment of Trust Deed Assignee, PacWest Funding, Inc. dba
Precision Capital and Washington County Assessment & Taxation.

As adequate protection, the Secured Creditors are granted a
perfected lien and security interest on all property, whether now
owned or hereafter acquired by the Debtor of the same nature and
kind as secured by the claim of the Lien Creditor on the Petition
Date.

The Lien Creditors' interests in the Replacement Collateral will
have the same relative priorities as the liens held by them as of
the Petition Date.

The Replacement Lien will be perfected and enforceable upon entry
of the Order without regard to whether the Replacement Lien is
perfected under applicable non-bankruptcy law.

The Debtor agreed to make adequate protection payments of $56,773
to Precision Capital beginning on December 15, 2023 and on the 15th
of each consecutive month during the Budget Period.

The Replacement Lien granted will be a valid, perfected and
enforceable security interest and lien on the property of the
Debtor and the Debtor's estate without further filing or recording
of any document or instrument or any other action, but only to the
extent of the enforceability of Lien Creditors' security interests
in the Prepetition Collateral.

Absent further Order of the Court, the Debtor's authority to use
cash collateral will terminate at midnight upon December 29, 2023
or the occurrence of any of the following:

(a) the violation of any of the terms of the Order,

(b) the entry of an Order converting the case to a case under
Chapter 7 of the Bankruptcy Code,

(c) the termination, lapse, expiration or reduction of insurance
coverage on Lien Creditors' collateral for any reason, or

(d) the appointment of a trustee in the case. In the event use of
cash collateral is to be terminated for violation of any of the
terms of this Order, the Lien Creditors (or any Lien Creditor) may
seek an expedited hearing to confirm the use of cash collateral is
no longer authorized and for such other relief as necessary to
protect the replacement liens provided under this Order, including,
but not limited to, relief from the automatic stay pursuant to 11
U.S.C. Section 362.

A copy of the Court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=NiH1QU from PacerMonitor.com.

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

     $6,000 for November 2023; and
     $36,446 for December 2023.

                  About RODA LLC

RODA, LLC, a company in Washington County, Ore., sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case
No. 23-30250) on Feb. 6, 2023. In the petition signed by its
managing member, Roy MacMillan, the Debtor disclosed up to $10
million in both assets and liabilities.

MacMillan is a debtor in a separate Chapter 11 case (Bankr. D. Ore.
Case No. 23-30159).  The cases are jointly administered.

Judge Teresa H. Pearson oversees the case.

Douglas R. Ricks, Esq., at Vander Bos and Chapman, LLP,
Intellequity Legal Services, LLC and Thomas L Strong CPA PC serve
as the Debtor's bankruptcy counsel, special counsel and accountant,
respectively.


RUSS NOYES ROOFING: Files for Chapter 11 Bankruptcy
---------------------------------------------------
Russ Noyes Roofing Inc. filed for chapter 11 protection in the
Middle District of Florida.

The Debtor is a well-established full-service roofing company,
providing expert solutions to both residential and commercial
clients.  The Debtor specializes in professional installation,
repair, and maintenance of roofs for homes and commercial
businesses.  The Debtor is headquartered in Longwood, Florida.

The Debtor reported $2,563,619 in debt owed to 1 and 49 creditors.
The petition states that funds will be available to unsecured
creditors.

Recently, the company has faced significant financial challenges
due to a combination of rising labor and material costs, a lack of
storm events that typically generate additional work, and a
substantial EIDL loan. Additionally, the roofing industry is
currently experiencing a competitive downturn, with many companies
engaging in a 'race to the bottom' by accepting work at break-even
costs or less, simply to maintain cash flow.  This aggressive
pricing strategy has further strained the Debtor's financial
situation, making it increasingly difficult to sustain profitable
operations.  The culmination of these factors has led to a severe
cash flow crisis, compelling the Debtor to reevaluate its financial
strategies and obligations to various creditors. In response to
these challenges, the Debtor has commenced the Chapter 11 Case.

The purpose of the Chapter 11 filing is to undertake a
comprehensive restructuring of the company's finances and
operations.  This restructuring aims to stabilize the business for
the benefit of its customers, employees, suppliers, secured
creditors, and other unsecured creditors.  The goal is to create a
sustainable path forward that addresses and resolves all claims in
an efficient and equitable manner.

                    About Russ Noyes Roofing

Russ Noyes Roofing Inc., d/b/a Rhino Roofing Inc., is a roofing
contractor in Orlando, Florida, offering professional installation,
repair, and maintenance of roofs for homes.

Russ Noyes Roofing Inc. sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-05063)
on Dec. 1, 2023.  In the petition filed by Russell Leonard Noyes,
as president, the Debtor reported total assets of $183,919 and
total liabilities of $2,563,619.

Jerrett M. McConnell has been appointed as Subchapter V trustee.

The Debtor is represented by:

     Jeffrey Ainsworth, Esq.
     BransonLaw PLLC
     385 Commerce Way #101
     Longwood, FL 32750
     Tel: 407-894-6834
     Fax: 407 894 8559
     E-mail: jeff@bransonlaw.com


SAL ATX: Property Sale Proceeds to Fund Plan Payments
-----------------------------------------------------
SAL ATX, LLC, filed with the U.S. Bankruptcy Court for the Western
District of Texas a Disclosure Statement describing Plan of
Reorganization dated December 4, 2023.

The Debtor was formed on March 31, 2022 as a Texas limited
liability company.

The Debtor purchased real property located at 903 Edgecliff
Terrace, Austin, TX 78704 on August 1, 2022 from Brett Vance. The
property was financed with a loan from Magnolia BridgeCo, LLC in
the amount of $1,470,00.00.

On August 14, 2023, Magnolia posted Debtor's property for a
foreclosure to take place on September 5, 2023. Debtor filed suit
to obtain a temporary restraining order. An order granting the TRO
was signed by the Court. This case was filed on September 5, 2023
by James Pope, an in house attorney for beneficial owner of the
Debtor.

Debtor intends to develop its property to construct a three-story
luxury home and sell such property. The Debtor will borrow
$1,750.000.00 from NIA ATX, LLC to fund its operations until the
property can be developed and sold.

Class 6 shall consist of Allowed Claims of Unsecured Creditors.
Debtor is aware of the following unsecured claims: Comptroller
($250.00); and Security State Bank & Trust ($970.96). The Class 6
creditors shall receive payment of their Allowed Claims ninety (90)
days after the Effective Date or on the date on which the claim
becomes an Allowed Claim whichever is later. Class 6 is impaired.

Class 7 shall consist of the Equity Interests of the Debtor. Ali
Choudhry is the equity owner of the debtor. The Class 7 Equity
Interests shall be canceled on the Effective Date. Class 7 is
impaired.

The Plan depends upon NIA ATX, LLC being able to fund the
development costs and other payments under the Plan. NIA will
provide proof of its ability to contribute the required funds at
the confirmation hearing.

The Debtor will borrow $1,750.000.00 from NIA ATX, LLC to fund its
operations until the property can be developed and sold. The
construction budget is $3,398,000.00. However, because it includes
land acquisition costs of $2,500,000.00, the construction cost
would be $898,000.000 which has been rounded up to $900,000.00. It
is assumed that the Magnolia BridgeCo note will be paid from sales
proceeds.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=yW9qaD from
PacerMonitor.com at no charge.

Attorneys for Debtor:

     Stephen Sather, Esq.
     BARRON & NEWBURGER, PC
     7320 N. MoPac Expy, Suite 400
     Austin, TX 78731
     Tel: (512) 476-9103
     Fax: (512) 279-0310
     Email: gsiemankowski@bn-lawyers.com

                        About SAL ATX

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

SAL ATX LLC filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 23-10736) on
Sep. 5, 2023. The petition was signed by Drew Dennet as manager. At
the time of filing, the Debtor estimated $1 million to $10 million
in both assets and liabilities.

Judge Shad Robinson presides over the case.

James Q. Pope, Esq. at THE POPE LAW FIRM serves as the Debtor's
counsel.


SANIBEL REALTY: Unsecureds' Recovery Hiked to 10% of Claims in Plan
-------------------------------------------------------------------
Sanibel Realty Trust, LLC, submitted a First Amended Disclosure
Statement in support of Chapter 11 Plan of Reorganization dated
December 4, 2023.

The Plan provides for the emergence of a Reorganized Debtor on the
Effective Date, which will continue Debtor's business operations.

Debtor's available cash and property rental income, with any
shortfall covered by Reorganized Debtor's members to the extent
necessary, will fund payment to allowed creditors in accordance
with the distribution and priority scheme set forth under the
Bankruptcy Code and the terms of the Plan. Debtor believes that the
Plan is in the best interests of creditors and, accordingly, urge
all creditors entitled to vote on the Plan to vote in favor of the
Plan.

Class 5 consists of all General Unsecured Claims. Each holder of an
Allowed General Unsecured Claim shall receive a pro rata
distribution from the $2,500 quarterly payments for the 5 years
following the Effective Date, commencing on the first day of the
first calendar month following the Effective Date, paid by
Reorganized Debtor and guaranteed by Debtor's members. Class 5 is
Impaired and entitled to vote on the Plan.

Debtor estimates that the Allowed amount of General Unsecured
Claims in the Chapter 11 Case will total approximately $500,000,
and the aggregate distribution to each such claimant will total
approximately 10%.

Class 6 consists of all Equity Interests in Debtor. Holders of
Allowed Equity Interests shall retain their Equity Interests in
Reorganized Debtor from and after the Effective Date of the Plan.
Class 6 is Unimpaired and not entitled to vote on the Plan.

Reorganized Debtor will fund its post-Confirmation quarterly
payment obligations to holders of Class 5 Allowed General Unsecured
Claims, and its monthly note payments on the Class 2 Spiaggia
Mortgagee Secured Claim, from Reorganized Debtor's rental income
generated from the Spiaggia Property. Such Plan obligations shall
be fully guaranteed by Reorganized Debtor's members which will fund
any payment shortfall.

Pursuant to the Plan, Reorganized Debtor shall be created and
become effective as of the Effective Date of the Plan, and continue
Debtor's business as the same legal entity, Sanibel Realty Trust
LLC. The equity interests in Reorganized Debtor will vest in the
same two members of Debtor as follows: Western Homes LLC (99%
membership interest) and Sabana Rentals II LLC (1% membership
interest). As of the Effective Date, Debtor's current manager,
Javier Perez, will continue to serve as manager of Reorganized
Debtor. After the Effective Date, the members, officers and/or
directors of Reorganized Debtor may amend the corporate by-laws or
corporate structure, enter into any agreements and engage in any
other lawful activity to the extent permitted by applicable law.

A full-text copy of the First Amended Disclosure Statement dated
December 4, 2023 is available at https://urlcurt.com/u?l=bF9rUA
from PacerMonitor.com at no charge.

Counsel for Debtor:

     Nathan G. Mancuso, Esq.
     Mancuso Law, P.A.
     7777 Glades Rd., Suite 100
     Boca Raton, FL 33434
     Tel: (561) 245-4705
     Fax: (561) 226-2575
     Email: ngm@mancuso-law.com

                  About Sanibel Realty Trust

Sanibel Realty Trust, LLC, a company in Miami, Fla., filed a
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Fla. Case No. 22-18729) on Nov. 11, 2022.  In the petition
filed by its manager, Javier Perez, the Debtor reported between $1
million and $10 million in both assets and liabilities.

Judge Robert A. Mark oversees the case.

The Debtor is represented by Nathan G. Mancuso, Esq., at Mancuso
Law, P.A.


SHILO INN BEND: Wins Cash Collateral Access Thru Jan 2024
---------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington at
Tacoma authorized Shilo Inn, Bend, LLC and Shilo Inn, Warrenton,
LLC to use cash collateral on an interim limited basis until the
earliest to occur of (a) the date that the current order ceases to
be in effect, or (b) the occurrence of a Termination Event.

The events consisting a "Termination Event" includes:

   a. January 31, 2024(the Outside Date);

   b. The Debtors' failure to deposit on a daily basis all cash
receipts and collections in their DIP Account(s);

   c. Entry of an order, without the consent of the Secured
Creditors, reversing, staying or modifying the current order in any
material respect, or terminating the Debtors' use of cash
collateral pursuant to this order;

   d. Filing by the Debtors of an application for the approval of
any superpriority claim which is pari passu with or senior to the
Adequate Protection Obligations of Adequate Protection Liens, or
the granting of any such pari passu or senior superpriority claim,
except any such superpriority claim or lien arising thereunder;

   e. Entry of an order granting relief from the automatic stay to
permit foreclosure, possession, set-off or any similar remedy with
respect to any collateral necessary to the conduct of the Debtors'
business;

   f. Payment of a prepetition claim, except as permitted by a
Court order or the budget;

   g. Dismissal of the Debtors' Chapter 11 case, or its conversion
to a case under Chapter 7, or the appointment of a Chapter 11
trustee or an examiner with enlarged powers relating to the
business operations;

   h. The Debtor's failure to keep and maintain all property in
good working order and condition, ordinary wear and tear excepted;


   i. The Debtors' failure to maintain, with financially sound
insurance companies, insurance against risks customarily maintained
by companies in businesses similar to the Debtors' business.

   j) the Debtor's failure to comply with all laws, rules,
regulations, and orders of any Governmental Authority applicable to
it, its operations or its property, except where the failure to do
so, individually or in the aggregate, would not reasonably be
expected to result in a material adverse effect, provided, that the
Debtor will be entitled to contest in good faith any laws, rules,
regulations and order of any Governmental Authority so long as,
prior to contesting such matters, the Debtor notifies and obtains
written consent of the Secured Creditor, which consent will not be
unreasonably withheld; or
    k) The Debtor's failure to comply with any of the terms or
conditions of the Order; provided, however, that the Secured
Creditor may waive, in writing, any Termination Event.

RSS WFCM2015NXS4-OR SIB, LLC and RSS WFCM2016NXS5-OR SIW, LLC
assert an interest in the Debtors' cash collateral.

The Secured Creditors, either directly or through a predecessor,
extended certain prepetition credit facilities to Shilo Bend and
Shilo Warrenton, respectively.  

The Credit Facilities are evidenced, in part, by certain notes,
security instruments, assignments of leases, UCC-1 statements, and
any and all other pre-petition documents, agreements, and
instruments evidencing, securing, or in any manner relating to the
loans.

As a component of adequate protection, the Debtors will make
monthly payments to the Secured Creditors in an amount equal to
monthly interest only payments at the contract (non-default) rate
on the principal amount of the Loan, in the amount of $43,425 per
month for Shilo Bend and the amount of $22,562 per month for Shilo
Warrenton, commencing on or about April 15, 2022, and continuing
monthly thereafter on the 15th of each month through January 15,
2024. The Secured Creditors will apply the Monthly Payments to its
secured claim.

In addition to the security interests preserved by section 552(b)
of the Bankruptcy Code, the Debtor grants, in favor of the Secured
Creditor, a first priority post-petition security interest and lien
in, to and against all of the Debtor's assets, to the same
priority, validity and extent that the Secured Creditor held a
properly perfected pre-petition security interest in such assets.

The liens and security interests granted are deemed perfected
without the necessity for filing or execution of documents which
might otherwise be required under non-bankruptcy law for the
perfection of said security interests.

A ninth interim hearing on the matter is set for January 24 at 10
a.m.

A copy of the court's order and the Debtors' budgets is available
at https://urlcurt.com/u?l=8ngkgV from PacerMonitor.com.

Shilo Inn Bend projects $136,490 in gross profit and $174,102 in
total expenses for December 2023 to January 2024.

Shilo Inn Warrenton projects $64,690 in gross profit and $108,756
in total expenses for the same month.

          About Shilo Inn, Bend, and Shilo Inn, Warrenton

Shilo Inn, an independently owned and operated hospitality company
with locations in seven western states and Texas, operate Shilo
Inn, Bend, LLC and Shilo Inn, Warrenton, LLC in Oregon.

On August 13, 2021, the companies contemporaneously filed voluntary
Chapter 11 petitions with the U.S. Bankruptcy Court for the Western
District of Washington.  The cases are jointly administered under
Shilo Inn, Bend, LLC's case (Bankr. W.D. Lead Case No. 21-41340).

Judge Mary Jo Heston presides over the cases.

On the Petition date, Shilo Inn, Bend estimated $10 million to $50
million in both assets and liabilities, while Shilo Inn, Warrenton
estimated $1 million to $10 million in both assets and liabilities.
The petitions were signed by Mark Hemstreet as secretary of Shilo
Bend Corp., the Debtors' manager.


SHILO INN IDAHO FALLS: Wins Cash Collateral Access Thru Jan 2024
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington
authorized Shilo Inn, Idaho Falls, LLC to use cash collateral, on
an interim basis, in accordance with the budget, with a 10%
variance, until the earliest to occur of (a) the date that the
Order ceases to be in full force and effect, or (b) the occurrence
of a Termination Event.

A Termination Event consists of any of the following:

   a. January 31, 2024 (the Outside Date);

   b. The Debtor's failure to deposit on a daily basis all cash
receipts and collections in its DIP Account(s);

   c. Entry of an order, without the consent of the Secured
Creditor, reversing, staying or modifying the current order in any
material respect, or terminating the Debtor's use of cash
collateral pursuant to this order;

   d. Filing by the Debtor of an application for the approval of
any superpriority claim which is pari passu with or senior to the
Adequate Protection Obligations of Adequate Protection Liens, or
the granting of any such pari passu or senior superpriority claim,
except any such superpriority claim or lien arising thereunder;

   e. Entry of an order granting relief from the automatic stay to
permit foreclosure, possession, set-off or any similar remedy with
respect to any collateral necessary to the conduct of the Debtor's
business;

   f. Payment of a prepetition claim, except as permitted by a
Court order or the budget;

   g. Dismissal of the Debtor's Chapter 11 case, or its conversion
to a case under Chapter 7, or the appointment of a Chapter 11
trustee or an examiner with enlarged powers relating to the
business operations;

   h. The Debtor's failure to keep and maintain all property in
good working order and condition, ordinary wear and tear excepted;

   i. The Debtor's failure to maintain, with financially sound
insurance companies, insurance against risks customarily maintained
by companies in businesses similar to the Debtor's business;

   j. The Debtor's failure to comply with all laws, rules,
regulations, and orders of any Governmental Authority applicable to
it, its operations or its property; or

   k. The Debtor's failure to comply with any of the terms or
conditions of the Order; provided, however, that the Secured
Creditor may waive, in writing, any Termination Event.

RSS CGCMT 2017P7-ID SIIF, LLC -- successor in interest to Natixis
Real Estate Capital LLC -- asserts an interest in the cash
collateral on account of a note for $5.3 million in original
principal amount dated November 2, 2015; a related Loan Agreement;
and Deed of Trust Assignment of Leases and Rents, Security
Agreement, all of which the Debtor executed in favor of Natixis who
assigned its rights in the Loan Documents to the Secured Creditor.

As a component of adequate protection, the Debtor will make monthly
payments to the Secured Creditor in an amount equal to monthly
interest only payments at the contract (non-default) rate on the
principal amount of the Loan, in the amount of $26,837 per month,
commencing on or about April 15, 2022 and continuing monthly
thereafter on the 15th of each month through January 15, 2024.

The Secured Creditor will apply the Monthly Payments to its secured
claim.  The Debtor will also grant the Secured Creditor a first
priority post-petition security interest and lien against all of
the Debtor's assets, to the same priority, validity and extent that
the Secured Creditor held a properly perfected pre-petition
security interest in such assets, except for claims or recoveries
by or on behalf of the Debtor.
The liens and security interests granted are deemed perfected
without the necessity for filing or execution of documents which
might otherwise be required under non-bankruptcy law for the
perfection of said security interests.

A further hearing on the matter is set for January 24, 2024 at 10
a.m.

A copy of the Court's order and the Debtor's budget is available
for free at https://urlcurt.com/u?l=PHKx2p from PacerMonitor.com.

The Debtor projects $153,950 in gross profit and $137,468 in total
expenses for December 2023 to January 2024.

                 About Shilo Inn, Idaho Falls, LLC

Shilo Inn, Idaho Falls, LLC filed a Chapter 11 petition (Bankr.
W.D. Wash. Case No. 20-42489) on November 2, 2020. At the time of
filing, Idaho Falls disclosed up to $50 million in assets and up to
$10 million in liabilities.

Judge Brian D. Lynch oversees the case.  

Levene, Neale, Bender, Yoo & Brill L.L.P. and Stoel Rives LLP serve
as counsel to Idaho Falls.

Idaho Falls' case is not jointly administered with those of Shilo
Inn, Ocean Shores, LLC, and Shilo Inn, Nampa Suites, LLC, both of
which sought Chapter 11 protection (Bankr. W.D. Wash. Lead Case No.
20-42348) on October 15, 2020. Ocean Shores and Nampa Suites' cases
are jointly administered.

Lane Powell PC represents RSS CGCMT 2017P7-ID SIIF, LLC, the
secured creditor.


SLEEP GALLERIA: Court OKs Interim Cash Collateral Access
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia,
Gainesville Division, authorized Sleep Galleria, LLC to use cash
collateral on an interim basis, in accordance with the budget.

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

The Debtor asserts that it is indebted to the U.S. Small Business
Administration in the approximate amount of $150,000, which is
secured by a security interest in, among other assets, inventory,
equipment, accounts, instruments, intangibles, and chattel paper,
the proceeds of which constitute "cash collateral." The SBA
recorded a UCC-1 financing statement at 038-2020-039115, Coweta
County Records.

The Debtor is indebted to Celtic Bank Corporation in the
approximate amount of $170,698 pursuant to a Financing and Security
Agreement, which granted to Celtic a security interest in, among
other things, goods, inventory, equipment, and accounts. Celtic
recorded a UCC-1 financing statement at 0332022-03211, Cobb County
Records, identifying as collateral "[a]ll present and future assets
of Debtor" on August 26, 2022.

The Debtor is also indebted to Mulligan Funding, LLC in the
approximate amount of $10,763 pursuant to a Business Loan and
Security Agreement, which granted Mulligan a security interest in,
among other assets, inventory, equipment, accounts, instruments,
intangibles, and chattel paper, the proceeds of which constitute
"cash collateral." Mulligan recorded a UCC-1 financing statement at
038-2023-004135, Coweta County Records on February 23, 2023.

The Debtor asserts that on May of 2022, the Debtor entered into a
Merchant Advance agreement with Onramp Funds, Inc. pursuant to
which Debtor ostensibly granted a security interest in accounts and
accounts receivable to Onramp, the proceeds of which may constitute
"cash collateral." Onramp recorded a UCC-1 financing statement at
007-2022-025356, Barrow County Records. Debtor asserts that the
UCC-1 financing statement filed by Onramp identifies assets of
Debtor not included in any grant of a security interest under the
Merchant Advance agreement.

As partial adequate protection of its interests in any cash
collateral expended by the Debtor, the SBA, Celtic, and Mulligan
are granted a valid and properly-perfected replacement lien,
subject to prior perfected security interests and liens, pursuant
to 11 U.S.C. section 361(2) on all property acquired by Debtor
after the Petition Date that is the same or similar nature, kind,
or character as the collateral to which any valid and perfected
security interest of the SBA, Celtic, and Mulligan attached
prepetition and in the same priority as existed on the Petition
Date, except that no such replacement lien will attach to the
proceeds of any avoidance actions under Chapter 5 of the Bankruptcy
Code. The Adequate Protection Lien will be deemed automatically
valid and perfected upon entry of the Order.

As partial adequate protection of their potential interests in any
cash collateral expended by the Debtor, the Potential Cash
Collateral Claimants are granted an Adequate Protection Lien, on
all property acquired by the Debtor after the Petition Date that is
the same or similar nature, kind, or character as the collateral to
which any valid and perfected security interest of the Potential
Cash Collateral Claimants attached prepetition, except that no such
replacement lien will attach to the proceeds of any Chapter 5
Actions. The Adequate Protection Lien will be deemed automatically
valid and perfected upon entry of the Order.

These events constitute an "Event of Default":

(i) the conversion or dismissal of the case; or

(ii) the removal of debtor as debtor in possession.

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

                        About Sleep Galleria

Sleep Galleria, LLC sells mattresses, massage chairs, recliners,
furniture, and beddings. The company is based in Suwanee, Ga.

Sleep Galleria filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. N.D. Ga. Case No. 23-21211) on Oct. 27,
2023, with $1 million to $10 million in both assets and
liabilities. Stephen Norris, a member of Sleep Galleria, signed the
petition.

Judge James R. Sacca presides over the case.

G. Frank Nason, IV, Esq., at Lamberth, Cifelli, Ellis & Nason,
P.A., represents the Debtor as legal counsel.


SOUTHEASTHEALTH, MO: S&P Places 'BB-' Bond Rating on Watch Pos.
---------------------------------------------------------------
S&P Global Ratings placed its 'BB-' long-term rating on the Cape
Girardeau County Industrial Development Authority, Mo.'s series
2016A, 2017A, and 2021 revenue bonds and the Stoddard County
Industrial Development Authority's series 2016B and 2017B revenue
bonds issued for Southeast Hospital (doing business as
SoutheastHEALTH [SEH]) on CreditWatch with positive implications.

"The CreditWatch action reflects our view of SEH's definitive
agreement to merge with Mercy Health with a target close date of
Dec. 20, 2023," said S&P Global Ratings credit analyst Suzie Desai.
"The CreditWatch action further reflects our view of Mercy's
intention to complete a note substitution of all of SEH's rated
debt outstanding such that, upon close of the affiliation with
Mercy, all of the rated debt outstanding will be secured on parity
with Mercy's master trust indenture debt," Ms. Desai added.

Should the affiliation close as expected and with the note
substitution, Mercy and its restricted affiliates will be fully
obligated for SEH's debt and the long-term rating on SEH's debt
will be raised to the level of the Mercy long-term rating.



STAR ALLIANCE: Inks Collaboration Agreement With Knightsbridge
--------------------------------------------------------------
Star Alliance International Corp. disclosed in a Form 8-K filed
with the Securities and Exchange Commission that it signed a
definitive agreement with the Knightsbridge Group effective Dec.
11, 2023.

The primary points of the contract are as follows:

KG is a financial services provider with expertise in financial
market expansion, digital asset management and legal
representation; and

STAR is a publicly listed gold mining company with substantial
reserves that desires to collaborate with KG who will assist STAR
in identifying and connecting with investor markets in Asia,
including market research, strategy development and networking to
facilitate STAR's investor outreach, subject to the terms and
conditions described in this Agreement.

In consideration of the mutual covenants and agreements described
in this Agreement, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, KG
and STAR hereby agree as follows:

1. DEVELOPMENT OF GOLD-BACKED DIGITAL ASSET.  KG will develop and
issue a Digital Gold Coin ("DGC") backed by STAR's gold assets.
The name of the coin will be STARAU.  The coin will be marketed on
the Liquid platform in Asia.  KG will manage the DGC and will work
with STAR to ensure that all the necessary paperwork required by
the SEC and any other Government agency are completed and timely
filed.

2. EXPLORATION OF DIGITAL ASSET OPPORTUNITIES.  KG will work
together with STAR to explore additional opportunities related to
digital assets, equity and derivatives that can enhance STAR's
financial standing and growth.

3. LEGAL REPRESENTATION.  KG will provide legal representation and
advisory services through, Knightsbridge Law Co., Ltd., in the
Asian markets with foreign regulators, to ensure that STAR works
within the regulatory framework and remains compliant with
applicable laws.

4. CONSIDERATION.  KG will be entitled to the following for the
services it is to provide:

   a. 48 million common shares of STAR stock using an S-8 process
      for the legal fees

   b. 50,000 Series D preferred shares of stock that will have the
      right to convert in twelve months.  Each preferred share will

      convert to 500 common shares of stock.

   c. 10 percent of the developed and issued DGC, will be retained
      by KG as payment for development and maintenance of the DGC  

      developed for STAR.

A full-text copy of the Agreement is available for free at:

https://www.sec.gov/Archives/edgar/data/1614556/000168316823008660/star_ex1001.htm

                         About Star Alliance

Headquartered in Las Vegas, NV, Star Alliance International Corp.
is an exploration-stage company that focuses on acquisition and
development of gold mining and other mining properties worldwide,
environmentally safe technologies both in mining and other business
areas.  As of Oct. 13, 2023, the Company has not commenced its
mining operations.  The Company anticipates starting its mining
operations in 2024. The Company is also exploring acquisitions of
assets or majority interests in companies related to artificial
intelligence technology and in the fintech arena acquiring
proprietary software technology.

Denver, Colorado-based Gries & Associates, LLC, the Company's
auditor since 2021, issued a "going concern" qualification in its
report dated Oct. 12, 2023, citing that the Company has incurred
losses since inception of $25,547,794. For the year ended June 30,
2023, the Company had a net loss of $10,489,394.  These factors
create an uncertainty as to the Company's ability to continue as a
going concern.


STARREX INT'L: Faces Debt Repayment Demand, Mulls Bankruptcy
------------------------------------------------------------
Starrex International, Ltd. (CSE:STX)(OTCQB:STXMF) on Dec. 11,
2023, disclosed that despite ongoing discussions, the institutional
lender filed a statement of claim seeking a summary judgement to
enforce its debt in the State of New York. The Lender is demanding
repayment of approximately US$4,850,000 owing pursuant to a
US$5,000,000 line of credit. The details of the line of credit were
described in the Company's press release dated October 11, 2022.
The matter is set to be heard in New York on December 16, 2023.

By way of background, Starrex Insurance Holdings, Inc., a
wholly-owned Texas subsidiary of the Company (the "Borrower"),
entered into a loan arrangement with a Missouri-based institutional
lender (the "Lender") pursuant to which such Lender agreed to
provide a loan facility to the Borrower whereby the Borrower may
borrow up to US$5M bearing interest at prime less 0.5% per annum,
with the proceeds to be used for working capital, acquisitions and
general corporate purposes (the "Facility"). The original Lender
was purchased by another US based company and the Facility was
assigned by the Borrower to the new party.

All obligations of the Borrower under the Facility were guaranteed
by the Company. The term of the loan facility was for one (1) year
and was designed to automatically renew for additional one (1) year
terms to a maximum of five (5) years (the "Term"). The automatic
renewal was subject to either the Borrower or the Lender providing
written notice to the other party that it was electing not to
continue the Facility for another year. The Lender advised the
Company that the Facility would not be extended past the October
17, 2023, date.

Starrex entered into the Facility in connection with the proposed
acquisition of a title agency business (the "Target"). The proceeds
of the loan were used by Starrex to fund the operations and
development of the proposed acquisition. While Starrex holds
security over the assets of the Target, the assets of the Target
may not be adequate to discharge the liability owing to the
Lender.

Despite the filing of the court action, Starrex is in ongoing
discussions with the Lender to try and negotiate repayment terms or
a settlement. However, should negotiations not be successful and
the Lender is successful in its summary judgement application, this
event would have a material adverse effect on Starrex Insurance
Holdings, Inc and its ability to carry on business. In response to
the Lender's actions, Starrex may have to file for bankruptcy or
take other steps to liquidate its business.

                   About Starrex International

Starrex International, Ltd., is a national provider of real estate
title and credit reporting services to mortgage lenders and real
estate brokers in the US whose leading-edge technology platform and
specialized business model provides a streamlined approach for its
clients, resulting in faster turnaround times.



STOCKMAN LAWNSCAPE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Stockman Lawnscape, Inc.
        4540 New Texas Road
        Pittsburgh, PA 15239

Business Description: The Debtor is a full-service landscaping
                      company.

Chapter 11 Petition Date: December 11, 2023

Court: United States Bankruptcy Court
       Western District of Pennsylvania

Case No.: 23-22657

Debtor's Counsel: John Lacher, Esq.
                  LYNCH LAW GROUP LLC
                  501 Smith Drive Suite 3
                  Cranberry Township, PA 16066
                  Tel: 412-897-6484
                  Email: jlacher@lynchlaw-group.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Nathan Stockman as authorized
representative.

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/M6THNCQ/Stockman_Lawnscape_Inc__pawbke-23-22657__0001.0.pdf?mcid=tGE4TAMA


STRATEGIC MATERIALS: Moody's Cuts PDR to D-PD on Bankruptcy Filing
------------------------------------------------------------------
Moody's Investors Service downgraded Strategic Materials Holding
Corp.'s ("SMI") probability of default rating to D-PD from Ca-PD
and its first lien debt rating to Ca from Caa3. Moody's also
affirmed SMI's corporate family rating at Ca and second lien debt
rating at C.  The outlook is negative.  

These actions follow the announcement on December 5, 2023, that SMI
has filed a petition for bankruptcy under Chapter 11 of the US
Bankruptcy Code.  Subsequent to Moody's rating actions, Moody's
will withdraw SMI's ratings because of the company's bankruptcy
filing.

Governance risk was a key consideration in Moody's rating actions.
The governance factors include an aggressive financial strategy and
risk management practices that resulted in high financial leverage
and the company's inability to meet its debt obligations and timely
address its 2024 debt maturities, with liquidity materially
constrained.  

RATINGS RATIONALE

The downgrade of the PDR reflects SMI's bankruptcy filing to
facilitate its reorganization plan, providing for either an
equitization transaction or a sale transaction.  The equitization
transaction would allow for a restructuring of SMI's balance sheet
and the exchange of a majority of its prepetition secured debt for
equity in the reorganized company.  The sale option has passed the
deadline.  The Ca CFR, first-lien debt rating of Ca and second-lien
rating of C reflect Moody's estimate of recovery at default. SMI
has received debtor-in-possession ("DIP") financing commitments,
including new money of $23 million from existing lenders and the
roll-up of about $27.5 million provided under a prepetition
superpriority credit facility that recently closed.  The DIP
financing is expected to support SMI's operations while it goes
through the bankruptcy process.

Strategic Materials Holding Corp. is an environmental services
company focused on recycling and processing scrap glass (over 90%
of revenue), known as cullet, and processing post-industrial scrap
plastic (nearly 10% of revenue). Cullet is a necessary input to the
glass manufacturing process and used across multiple end markets
and product categories such as containers, fiberglass, abrasives,
flat glass and a range of other industrial applications. Net
revenue was approximately $267 million for the twelve months ended
September 30, 2023.

The principal methodology used in these ratings was Environmental
Services and Waste Management published in May 2023.


STRATEGIC MATERIALS: Plan Contemplates Two Scenarios
----------------------------------------------------
Strategic Materials, Inc., et al., filed with the U.S. Bankruptcy
Court for the Southern District of Texas a Disclosure Statement for
Joint Prepackaged Plan of Reorganization dated December 4, 2023.

The Debtors and their non-Debtor affiliates are collectively a
privately held company that is the industry leader in recovering
and processing post-consumer and post-industrial glass in North
America.

The Debtors are currently facing significant balance sheet and
liquidity challenges stemming from a broad array of factors. The
Debtors' liquidity constraints are largely the result of
macroeconomic forces, including significantly increased interest
rates and inflation, as well as changes in the glass recycling
market and other operational challenges. In response to these
challenges, the Debtors have taken certain measures to reduce
operational costs and capital expenditures and preserve liquidity.

Despite these efforts and in recognition of the macroeconomic
challenges, changing market trends, and their debt service
obligations, the Debtors began evaluating strategic alternatives,
including exploring potential asset sales and modifications to
their capital structure. The Debtors and the Consenting Creditors
engaged in substantial, good faith negotiations over the terms of
the Debtors' potential restructuring or a sale of all of their
assets and property. These efforts culminated in the Debtors and
Consenting Creditors entering into the Restructuring Support
Agreement on September 15, 2023, which provides for a dual-track
out-of-court sale and in-court restructuring process on an
accelerated timeline.

Following a robust prepetition sale process, the Debtors and their
advisors determined that the Chapter 11 Cases are the appropriate
vehicle to implement the reorganization or sale contemplated in the
Restructuring Support Agreement and the Plan with the support of
the Consenting Creditors. Consistent with the dual-track
transactions contemplated in the Restructuring Support Agreement,
the Plan will allow the Debtors to either implement the
Equitization Transaction to right-size their balance sheet by
converting a significant portion of their prepetition secured debt
into equity or, alternatively, with the consent of the Required
First Lien Lender Group, consummate a Sale Transaction whereby they
would sell all or substantially all of their equity interests or
assets and property to a third-party purchaser, and the proceeds
from such sale would be distributed as set forth in the Plan.

The feasibility of the Plan is premised upon, among other things,
the Debtors' ability to make the distributions contemplated under
the Plan, and payment of the Debtors' obligations in the ordinary
course of business. The Plan provides for the payment in full of
Administrative Expense Claims, Priority Tax Claims, and Other
Priority Claims, and Other Secured Claims will either be paid in
full or Reinstated (in any case, each of the foregoing Claims will
be Unimpaired under the Plan). Thus, the Debtors believe that,
following consummation of the Plan, no liquidation or further
reorganization will be necessary unless otherwise contemplated by
the Plan.

Class 6 consists of General Unsecured Claims. This Class is
unimpaired. In exchange for the full and final satisfaction,
settlement, release, and discharge of the General Unsecured Claims,
each Holder of an Allowed General Unsecured Claim shall receive:

     * if the Equitization Transaction occurs: at the option of the
applicable Debtor or Reorganized Debtor, either (1) Reinstatement
of its Allowed General Unsecured Claim; or (2) payment in full in
Cash of its Allowed General Unsecured Claim on the later of (a) the
Effective Date or (b) the date due in the ordinary course of
business in accordance with the terms and conditions of the
agreement or transaction giving rise to such Claim; or

     * if a Sale Transaction occurs: payment in full in Cash of its
Allowed General Unsecured Claim on the later of (1) the Effective
Date or (2) the date due in the ordinary course of business in
accordance with the terms and conditions of the agreement or
transaction giving rise to such Claim.

Class 10 consists of SMI Topco Interests. All SMI Topco Interests
shall be cancelled, released, discharged, and extinguished, and
Holders of SMI Topco Interests shall receive:

     * if the Equitization Transaction occurs: to the extent SMI
Topco holds any Allowed First Lien Credit Facility Claims, Allowed
1.5 Lien Credit Facility Claims, or Allowed Second Lien Credit
Facility Claims, the distributions that would otherwise be made to
SMI Topco on account of it being a Holder of such Allowed Claims
pursuant to the treatment set forth in Classes 3, 4, and 5,
respectively shall instead be made to the Holders of SMI Topco
Interests on account of their Class 10 Interests; or

     * if a Sale Transaction occurs: occurs: (1) the Waterfall
Recovery, less the amount necessary to pay in full in Cash all
Allowed Claims against the Debtors to the extent provided in
Classes 3–5, and (2) all funds remaining in the Post-Sale Reserve
after the wind down of the Post-Sale Estates, if any; provided,
however, that to the extent SMI Topco holds any Allowed First Lien
Credit Facility Claims, Allowed 1.5 Lien Credit Facility Claims, or
Allowed Second Lien Credit Facility Claims, the distributions that
would otherwise be made to SMI Topco on account of it being a
Holder of such Allowed Claims pursuant to the treatment set forth
in Classes 3, 4, and 5, respectively, shall instead be made to the
Holders of SMI Topco Interests, in each case on account of their
Class 10 Interests.

As contemplated by the Restructuring Support Agreement, the Debtors
will, to the extent necessary to bridge the Debtors through the
bankruptcy process and consummate the Plan, enter into a
Superpriority Secured Priming Debtor-In-Possession Credit Agreement
(the "DIP Credit Agreement"), by and among SMHC, as borrower, SMI,
as holdings, the lenders and guarantors party thereto (any such
lenders, the "DIP Lenders"), and Acquiom Agency Services LLC and
Seaport Loan Products LLC, in their respective capacities as
co-administrative agent, providing for senior  secured
superpriority term loan facilities in the form of newmoney term
loans in an aggregate principal amount estimated to be $23 million
and in the form of roll-up loans in an aggregate principal amount
of approximately $27.5 million and accrued interest of
approximately $900,000 in respect of the loans outstanding under
the Superpriority Credit Facility (the "DIP Facility").

On the Effective Date, the Debtors or the Reorganized Debtors, as
applicable, shall make all distributions required to be made under
the Plan using Cash on hand as of the Effective Date, including
Cash from operations and the proceeds of borrowings under the DIP
Facility and/or Exit Term Loan Facilities. All remaining Cash on
hand as of the Effective Date, after payment or funding of all
distributions required to be made on the Effective Date, including
Cash from operations and the proceeds of borrowings under the DIP
Facility, but excluding the Cash funded into the Professional Fee
Escrow Account, shall be retained by or transferred to, as
applicable, the Reorganized Debtors.

On the Effective Date, the Reorganized Debtors shall be authorized
to enter into the Exit Term Loan Facilities. The Reorganized
Debtors shall use the loans under and proceeds of the Exit Term
Loan Facilities for the purposes permitted by the Exit Term Loan
Facilities Documents, including the funding of distributions under
the Plan and satisfaction of ongoing working capital needs, as well
as the repayment in full of the Canadian Credit Agreement and the
issuance of the First Out Roll-Up Loans to the Holders of DIP
Claims.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=w0JJ68 from
PacerMonitor.com at no charge.

Proposed Attorneys for Debtors:

        Paul E. Heath, Esq.
        Matthew D. Struble, Esq.
        Trevor G. Spears, Esq.
        VINSON & ELKINS LLP
        845 Texas Ave.
        Houston, Texas 77002
        Tel: 713-758-3313
        Fax: 713-758-2346
        E-mail: pheath@velaw.com
                mstruble@velaw.com
                tspears@velaw.com

              - and -

        David S. Meyer, Esq.
        Jessica C. Peet, Esq.
        Steven Zundell, Esq.
        VINSON & ELKINS LLP
        1114 Avenue of the Americas, 32nd Floor
        New York, NY 10036
        Tel: 212.237.0000
        Fax: 212.237.0100

              - and -

        Joshua A. Feltman, Esq.
        Benjamin S. Arfa, Esq.
        Katherine Mateo, Esq.
        WACHTELL LIPTON ROSEN & KATZ
        51 West 52nd Street
        New York, NY 10019
        Tel: 212.403.1000
        Fax: 212.403.2000
        E-mail: JAFeltman@wlrk.com
                BSArfa@wlrk.com
                KMateo@wlrk.com

                   About Strategic Materials

With over a 125-year history, Strategic Materials, Inc. --
http://www.smi.com/-- is North America's most comprehensive glass
recycler, with nearly 50 locations in the United States, Canada,
and Mexico.  The company continues to be focused on passionate
advocacy, operational excellence, and collaborative partnership.
SMI is a trusted partner to cleaner, more efficient glass
production, providing customers and suppliers with economical and
environmentally viable products and solutions for reuse of waste
streams.

Strategic Materials and 15 affiliates sought Chapter 11 protection
(Bankr. S.D. Tex. Lead Case No. 23-90907) on Dec. 4, 2023.

SMI estimated assets of $100 million to $500 million and debt of
$500 million to $1 billion as of the bankruptcy filing.

The Hon. Christopher M. Lopez is the case judge.

Strategic Materials is being advised by Moelis & Company, LLC as
investment banker, Alvarez & Marsal, as restructuring advisor, and
Vinson & Elkins LLP and Wachtell, Lipton, Rosen & Katz as legal
counsel.  Kroll is the claims agent.


STRATEGIES 360: Court OKs Cash Collateral Access Thru Jan 2024
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Washington,
authorized Strategies 360, Inc. to use cash collateral on an
interim basis, in accordance with the budget, with a 10% variance,
through January 9, 2024.

As of the Petition Date, the Debtor was and remains indebted to
KeyBank National Association under a reducing revolving line of
credit with a principal balance of approximately $3.7 million as of
November 22, 2023.

The terms of the KeyBank Loan are set forth in various loan
documents, including a Business Loan Agreement dated March 27,
2023, Promissory Note  and Security Agreement, all dated November
5, 2021.

The KeyBank Note matured on November 1, 2023.

Pursuant to the KeyBank Security Agreement dated November 5, 2021,
the Debtor granted KeyBank a blanket security interest in the
Debtor's personal property to secure the KeyBank Loan.

KeyBank caused a UCC-1 financing statement to be filed with respect
to the Prepetition Collateral with the Washington Department of
Licensing on October 1, 2019, Filing Number 2019-274-7933-1.

As adequate protection for the Debtor's use of cash collateral:

a. The Debtor will withdraw and return all cash collateral on
deposit with the Bank of America to the KeyBank depository account
ending in 4654 and will deposit all cash collateral it has
received, or that it receives post-petition, into the KeyBank
Operating Account, and will disburse all interim payments
authorized under the Order only from cash collateral on deposit in
the KeyBank Operating Account;

b. The Debtors will pay to KeyBank interest at the non-default rate
designated in the KeyBank Loan Agreement and/or KeyBank Note on the
payment dates set forth in those documents;

c. KeyBank is granted valid, binding, enforceable and perfected
replacement liens on and security interests in all Postpetition
Collateral, to the same extent and with the same validity and
priority as KeyBank's liens in Prepetition Collateral, to secure an
amount equal to the decrease, if any, in the value of KeyBank's
interest in cash collateral as of the Petition Date; and

d. The Debtor will continue to maintain insurance on its assets as
the same existed as of the Petition Date.

A final hearing on the matter is set for January 8 at 9:30 a.m.

A copy of the order is available at https://urlcurt.com/u?l=pUqH7R
from PacerMonitor.com.

                   About Strategies 360, Inc.

Strategies 360, Inc. is a full-service communications firm with
offices in eleven states, the District of Columbia, and British
Columbia.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. D.C. Case No.  23-12303-TWD) on November
27, 2023. In the petition signed by John Rosenberg, chief financial
officer, the Debtor disclosed up to $10 million in assets and up to
$50 million in liabilities.

Judge Timothy W. Dore oversees the case.

Thomas A. Buford, Esq., at Bush Kornfeld LLP, represents the Debtor
as legal counsel.


SYSTEM1 INC: Moody's Lowers CFR to B3 & Alters Outlook to Stable
----------------------------------------------------------------
Moody's Investors Service downgraded System1, Inc.'s corporate
family rating to B3 from B2, probability of default rating to B3-PD
from B2-PD, and the ratings on the backed senior secured bank
credit facilities issued by Orchid Merger Sub II, LLC, consisting
of a $50 million revolving credit facility and a $400 million term
loan B, to B3 from B2.  The rating outlook is stable. Previously,
the rating was on review for downgrade. This action concludes the
review for downgrade on System1's ratings initiated on October
20th, 2023. Moody's also assigned an SGL-2 speculative grade
liquidity rating to System1.

The downgrade reflects System1's smaller revenue scale, continued
high financial leverage, and increased vulnerability to economic
cycles after the sale of its Total Security division, a
subscription fee based revenue model.  Although, the sale of Total
Security has substantially improved System1's liquidity profile by
injecting $240 million in proceeds, revenue is now smaller and
largely dependent on the advertising market, which tends to be more
cyclical in nature. Pro forma for the above mentioned sale, Moody's
projects System1's total debt-to-EBITDA (inclusive of Moody's
adjustments) and net debt-to-EBITDA will be 4.7x and 1.9x,
respectively at year end 2024.

The stable outlook reflects Moody's expectation that over the next
12 to 15 months, System1 will grow revenue and EBITDA organically,
reduce leverage and maintain good liquidity to meet all its
operating needs.

RATINGS RATIONALE

System1's ratings reflect the company's small revenue scale,
elevated leverage, vulnerability to economic cycles, and recent
operating challenges. Sales at System1, after reaching a peak in
2022, have been declining due to changes in Google's algorithm
affecting the performance of System1's Search Engine Marketing
vertical. Moody's believes that the impact of the algorithm change
on System1's revenues and profitability have largely been absorbed
and Moody's expects revenues in the Search Engine Marketing
vertical to remain stable or grow modestly over the coming
quarters. At the same time, the ratings take into consideration the
company's (i) proven value proposition of providing an
end-to-end-customer acquisition marketing platform designed around
a performance-based revenue model, (ii) long term growth
opportunities from the continued secular shift away from
traditional media towards digital advertising and (iii) much
improved liquidity after receiving $240 million in proceeds after
the sale of its Total Security division. On November 30, System1
completed the sale of Total Security for total consideration of
$340 million, including $240 million in cash, which Moody's assumes
will be used among other things, to prepay a material amount of
debt borrowings, including the outstanding amount under the
company's senior secured revolving credit facility.  

Moody's expects System1 will have good liquidity over the next 12
to 15 months, mostly supported by cash proceeds collected after the
sale of the company's Total Security division on November 30, 2023.
Pro forma for the divestiture, Moody's estimates that System1 will
have around $130 million in cash remaining by year end 2023 and
full availability under the company's $50 million senior secured
revolving credit facility expiring in January 2027. Moody's expects
over $25 million in free cash flow in 2024.

The company's senior secured revolving credit facility is subject
to a springing maximum first lien leverage covenant equal to 5.4x
with no step-downs. As of September 30, 2023, the company was in
compliance with the maximum leverage test. For the next twelve
months, Moody's projects the company will remain in compliance with
ample headroom. The company's term loan facility is covenant
light.

System1's ESG Credit Impact Score is CIS-4. The score indicates the
rating is lower than it would have been if ESG risk exposures did
not exist. The score reflects the company's aggressive financial
policy, history of elevated leverage and exposures to potential
breaches of customers' personal data, and history of delayed
financial reporting, internal control weaknesses and a going
concern auditor opinion.

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

The rating could be upgraded if the company demonstrates growing
revenues and EBITDA and maintains conservative financial policies
such that Moody's expects total debt-to-EBITDA (inclusive of
Moody's adjustments) to be sustained below 4.5x, and free cash
flow-to-debt of at least 5% (as calculated by Moody's). Other
considerations would include maintaining good liquidity and
resolving internal control and financial reporting issues.

The rating could be downgraded if total debt-to-EBITDA is sustained
above 6.0x, free cash flow to-debt is negative (as calculated by
Moody's) for a sustained period of time, or the company's operating
performance and liquidity deteriorates.

System1, Inc. (publicly traded on the NYSE [SYBL: SST]), is an
omni-channel customer acquisition marketing platform that owns and
operates a portfolio of 40+ digital media properties, including
Startpage.com, Info.com, HowStuffWorks.com, ActiveBeat.com, and
MapQuest.com.

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


T&J OF BROOKSVILLE: Wins Interim Cash Collateral Access
-------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida, Tampa
Division, authorized T&J of Brooksville LLC to use cash collateral
on an interim basis, in accordance with the budget.

Subject to the provisions of the order, the Debtor is authorized to
use cash collateral to pay: (a) amounts expressly authorized by the
Court, including payments to the Subchapter V Trustee for monthly
fees; (b) the current and Necessary expenses set forth in the
budget, plus an amount not to exceed 10% for each line item; and
(c) additional amounts as may be expressly approved in writing by
Snell Isle Realty, LLC.

Each creditor with a security interest in cash collateral will have
a perfected post-petition lien against cash collateral to the same
extent and with the same validity and priority as the prepetition
lien, without the need to file or execute any document as may
otherwise be required under applicable non bankruptcy law.

The Debtor will maintain insurance coverage for its property in
accordance with the obligations under the loan and security
documents with the Secured Creditor, except as otherwise provided
by Order of the Court or agreed by the parties.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=5JUV6K from PacerMonitor.com.

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

     $18,650 for December 2023; and
     $18,690 for January 2024.

                      About T&J of Brooksville

T&J of Brooksville, LLC is the owner and lessor of residential
buildings and dwellings located at 626 South Broad St.,
Brooksville, Fla. The properties are valued at $1.30 million.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-05076) on Nov. 9,
2023, with $1,320,754 in assets and $3,735,057 in liabilities. Tom
May, authorized member, signed the petition.

Judge Catherine Peek McEwen oversees the case.

Andrew Wit, Esq., at Wit Law, PLLC is the Debtor's bankruptcy
counsel.


TOUCHTUNES MUSIC: Moody's Cuts CFR & Secured First Lien Debt to B3
------------------------------------------------------------------
Moody's Investors Service downgraded TouchTunes Music Group, LLC's
Corporate Family Rating to B3 from B2, the Probability of Default
Rating to B3-PD from B2-PD and the ratings on the existing backed
senior secured first lien bank credit facilities consisting of a
revolving credit facility due April 2027 and first lien term loan
due April 2029 to B3 from B1 following a proposed $140 million
incremental senior secured first lien term loan add-on. The outlook
is stable.

Proceeds from the $140 million incremental term loan add-on will be
used to pay a shareholder distribution of $84.5 million to private
equity sponsor TA Associates, repay $52.5 million of the second
lien term loan and pay related transaction fees. In addition, the
proposed upsized revolving credit facility of $50 million,
previously $40 million, will be undrawn at the close of the
transaction.

The downgrade reflects the substantial increase in TouchTunes' pro
forma financial leverage to 6.8x from 5.7x in 2023 amid a slow
growth economic environment.  Moody's expects deleveraging through
EBITDA growth in 2024, supported by growth in mobile sales and the
full effect of the revenue share increases. However, deleveraging
efforts could be constrained by incremental debt-financed
acquisitions or shareholder distributions. Governance
considerations, as reflected in the company's governance issuer
profile score (IPS) of G-4 and credit impact score of CIS-4, were a
key driver of the rating action.

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation.

RATINGS RATIONALE

The B3 CFR reflects TouchTunes' small revenue base, high financial
leverage and exposure to discretionary spend from consumer and
small-to-medium sized bars and restaurants, as well as the
potential for continuing inflationary pressures. The company
benefits from the company's industry leadership position, good
margin profile, long-standing relationships with major labels and
publishers that provide music content with multi-year licensing
agreements and asset-lite business model allowing stable free cash
flow generation.

Pro forma for the incremental debt, Moody's adjusted debt to EBITDA
is expected to increase to 6.8x from 5.7x in 2023. Moody's expects
revenue growth in the low-single digits and EBITDA margins to
expand to mid-40% in the next 12-18 months driven by the full
effect of a revenue share increase for TouchTunes implemented in
November 2023, a change in mobile credit pricing strategy which
provides a lower entry point for new users and continuing cost
reductions including to rent expense. Absent a debt financed
transaction, financial leverage is projected to trend towards
low-6x over the next 12-18 months through EBITDA growth.

Moody's expects TouchTunes will maintain good liquidity over the
next 12-18 months supported by asset-lite business model with low
capex requirements, a pro forma closing cash balance of $47 million
as of September 2023, free cash flow generation in the $15-$20
million range and substantial availability on the revolving credit
facility. External liquidity is supported by the upsized $50
million revolving credit facility. The mandatory 1% amortization
per annum on the first lien term loan equivalent to $5.25 million
is expected to be paid utilizing internal cash sources. The working
capital outflows are generally consistent throughout the quarters
as royalty advances vary based on contract renewals and there is
constant flow of inventory. The size of the revolver supports the
company's liquidity profile by providing a backstop for funding
needs and additional flexibility.

TouchTunes' debt maturity profile is well-positioned with its $50
million revolving facility to expire in April 2027, $521 million
outstanding first lien term loan due April 2029 and $50 million
second lien term loan due April 2030. While the term loan is
covenant-lite with no financial covenants, the revolver contains a
springing first lien net leverage covenant set wide at 8.5x that is
triggered when more than 40% of the facility is drawn. The first
lien credit agreement also contains a mandatory 50% excess cash
flow sweep that steps down to 25% and 0% if the first lien net
leverage ratio declines to 4.5x and 4x, respectively.

The senior secured first lien revolving credit facility and senior
secured first-lien term loan are each rated B3, the same as the B3
CFR due to the limited amount of remaining second lien debt in the
capital structure.

TouchTunes' ESG Credit Impact Score of CIS-4 indicates the rating
is lower than it would have been if ESG risk exposures did not
exist. While environmental risks are limited, social and governance
risks are the main drivers. Social risks arise from potential
breaches of customers' personal data. Governance risks are related
to aggressive financial policy that tolerates elevated financial
leverage.

The stable outlook reflects Moody's expectation that TouchTunes
will continue to effectively manage operating expenses and maintain
positive organic revenue growth in the next 12-18 months. Social
gathering venues such as bars and restaurants where the company's
jukeboxes are located will continue to produce increased
out-of-home mobility and support growth in user activity and
engagement.

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

The ratings could be upgraded if TouchTunes delivers revenue growth
and EBITDA margin exhibit expansion leading to a sustained
reduction in Moody's adjusted debt to EBITDA leverage below 6.0x
and free cash flow to debt above 5% with a good liquidity position
and exhibition of prudent financial policies.

The ratings could be downgraded if operating performance or
liquidity deteriorates materially leading to deteriorating credit
metrics.

Headquartered in New York, N.Y., TouchTunes Music Group, LLC is a
privately-owned leading provider of out-of-home digital-based music
distribution to businesses through its interactive music and
entertainment jukeboxes featured in bars, restaurants, retail
stores, hospitality establishments and other locations across North
America (approximately 59,800 units) and Europe (approximately
6,800 units, mainly in the UK). In April 2022, TA Associates
purchased TouchTunes from the company's previous private equity
sponsor, Searchlight Capital Partners, L.P. The company generated
net revenue of $197 million for the last twelve months ending
September 2023.

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


TRINITY HEALTH: S&P Lowers 2017C Revenue Bonds Rating to 'BB-'
--------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB-' from 'BB+'
on  Ward County, N.D.'s series 2017C fixed-rate revenue bonds,
issued for  Trinity Health (Trinity). The outlook is negative.

"The lowered rating reflects Trinity's weaker than anticipated
fiscal 2023 financial performance and considerably higher than
expected operating losses for the interim period in fiscal 2024 as
volumes fell broadly short of budget expectations, combined with
recent and anticipated technical covenant violations under the
master trust indenture and an elevated debt load," said S&P Global
Ratings credit analyst Wendy Taylor.

The 2017C bonds are secured by gross revenue of the obligated group
and a mortgage on certain hospital property.

Trinity Hospitals is licensed for 312 acute-care beds and is the
only tertiary health care facility in Minot and in northwestern
North Dakota.



TRINITY LEGACY: Seeks Cash Collateral Access
--------------------------------------------
Trinity Legacy Consortium, LLC asks the U.S. Bankruptcy Court for
the District of New Mexico for authority to use cash collateral and
provide adequate protection for the period from December 7, 2022
through January 6, 2023, consistent with the terms and conditions
set forth in the First Cash Collateral Order.

The Debtor requires the use of cash collateral to make payments in
the ordinary course of the Debtor's business for, among other
things, supplies, inventory, payroll, payroll taxes, gross receipts
taxes, inventory, professional fees, utility bills, I.T. provider
fees, and expenses incidental to the day-to-day operations of the
business, which occur in the ordinary and usual course of
business.

Trinity Legacy owes two parties that are secured by the Debtor's
intangible assets:

     -- The U.S. Small Business Administration, in the amount of
approximately $150,000. The SBA holds a security interest in all
tangible and intangible personal property, including, but not
limited to: (a) inventory, (b) equipment, (c) instruments,
including promissory notes (d) chattel paper, including tangible
chattel paper and electronic chattel paper, (e) documents, (f)
letter of credit rights, (g) accounts, including health-care
insurance receivables and credit card receivables, (h) deposit
accounts, (i) commercial tort claims, (j) general intangibles,
including payment intangibles and software, and (k) as-extracted
collateral as such terms may from time to time be defined in the
Uniform Commercial Code.

     -- Forward Financing LLC, in the amount of approximately
$120,000. Forward Financing holds a security interest in the future
account receipts of the Debtor, pursuant to a Financing Approval
Statement, dated September 20, 2022.
The Debtor is in the process of reviewing and reconciling asserted
non-priority unsecured claims, but believes the claims are in
excess of $500,000.

The Debtor incurred a factoring loan with Forward Financing to help
meet expenses for the business, and in exchange gave a security
interest in the Debtor's future receipts. Payment on such loan gave
rise to the Debtor falling behind on other business expenses,
necessitating the filing for Chapter 11.

In addition, the Debtor is a defendant in several pending state
court litigations in connection with the Debtor's business
operations. The costs and fees associated with pursuing such
litigations in various jurisdictions, in addition to the financial
strain on the Debtor's operations, necessitated the bankruptcy
filing as the most efficient forum to reorganize the Debtor's
financial affairs.

The Debtor requests authorization to continue making cash payments
during the Cash Collateral Period to:

     -- the SBA in the amount of $750 per month; and
     -- Forward Financing in the amount of $2,000 per month.

The Debtor requests authorization to continue granting the SBA and
Forward Financing a replacement lien on postpetition collateral, to
the same extent as and with the same priority as they held valid
liens on such collateral pre-petition, pursuant to 11 U.S.C.
sections 361 and 363, without waiving any rights or defenses that
the Debtor may assert.  

A copy of the motion is available at https://urlcurt.com/u?l=bCeh2u
from PacerMonitor.com.

            About Trinity Legacy Consortium, LLC

Trinity Legacy Consortium, LLC operates a construction and home
building business with locations in Farmington, New Mexico, and
Wallowa, Oregon.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.N.M. Case No. 22-10973) on December 7,
2022. In the petition signed by Jan Swift and Jacob Swift, managing
members, the Debtor disclosed up to $500,000 in assets and up to $1
million in liabilities.

Dennis A. Banning, Esq., at NM Financial Law, P.C., is the Debtor's
legal counsel.


TROIKA MEDIA: Receives Nasdaq Delisting Notice
----------------------------------------------
Troika Media Group, Inc. (Nasdaq: TRKA) ("TMG"), a consumer
engagement and customer acquisition group, disclosed that on
December 7, 2023, TMG received a determination letter
("Determination Letter") from The Nasdaq Stock Market ("Nasdaq")
notifying TMG that Nasdaq has determined that, in accordance with
its authority under Nasdaq Listing Rules 5101, 5110(b), and
IM-5101-1, TMG's securities will be suspended from trading at the
opening of business on December 18, 2023 and delisted from Nasdaq.
Nasdaq based its determination upon concerns related to (i) TMG's
announcement that TMG had filed for protection under Chapter 11 of
the United States Bankruptcy Code and the associated public
interest concerns raised by such filing, (ii) the residual equity
interest of the existing listed securities holders, and (iii) TMG's
ability to sustain compliance with all requirements for continued
listing on Nasdaq. Nasdaq also noted that, since TMG has failed to
file its Form 10-Q for the period ended September 30, 2023, such
failure serves as an additional and separate basis for delisting.

The Determination Letter also advises TMG of its right to request
an appeal of the determination. However, TMG currently does not
intend to file an appeal of the determination. Accordingly, TMG
expects that its securities will be suspended from trading at the
opening of business on December 18, 2023 and delisted from Nasdaq
after the completion of Nasdaq's filing of Form 25-NSE with the
Securities and Exchange Commission.

                      About Troika Media

Troika Media Group, Inc. (fka M2 nGage Group, Inc.) -- thetmgrp.com
-- is a professional services company that architects and builds
enterprise value in consumer facing brands to generate scalable
performance driven revenue growth.  The Company delivers three
solutions pillars that: CREATE brands and experiences and CONNECT
consumers through emerging technology products and ecosystems to
deliver PERFORMANCE based measurable business outcomes.

Troika Media reported a net loss of $9.58 million for the six
months ended Dec. 31, 2022.  Troika Media reported a net loss of
$38.69 million for the year ended June 30, 2022, a net loss of $16
million for the year ended June 30, 2021, and a net loss of $14.45
million for the year ended June 30, 2020.  For the six months ended
June 30, 2023, the Company reported a net loss of $20.16 million.


VASO LOGISTICS: Files Emergency Bid to Use Cash Collateral
----------------------------------------------------------
Vaso Logistics Inc. asks the U.S. Bankruptcy Court for the Middle
District of Florida, Orlando Division, for authority to use cash
collateral and provide adequate protection to Corporation Service
Company.

The Debtor will require the use of approximately $1.1 million of
cash collateral to continue to operate its business for the next
eight weeks, and, depending on the circumstances, a greater or
lesser amount will be required for each comparable period
thereafter.

The Debtor will use the cash collateral to pay operating expenses
pending a final hearing on the Motion.

Corporation Service Company may assert a first priority security
interest in the Debtor's cash and cash equivalents by virtue of a
recorded lien on the Debtor's personal property.

Additionally, inferior lien holders  may claim an inferior interest
in the Debtor's cash and cash equivalents by virtue of alleged
liens on the Debtor's personal property.

Based on a public search of all UCC filings on the Illinois
Secretary of State website, the Debtor has identified the following
Inferior Interests: United States Small Business Administration,
Crestmark, a division of Metabank, Signature Financial, LLC,
Auxillor Capital Partners, Inc., C T Corporation System, Equify
Financial, LLC, CFP Illinois, LP, First Corporate Solutions, PAC
Western Financial, LLC, Channel Partners Capital, LLC, Diverse
Capital, LLC, and First Corporation Solutions.

As adequate protection for the use of cash collateral, the Debtor
proposes to grant Secured Creditors replacement liens to the extent
of any diminution in value, with such  liens to have the same
validity, extent, and priority as their respective pre-petition
liens. The Debtor will operate on a positive cash flow basis during
the interim six-week period and asserts all interests on cash
collateral are adequately protected by the replacement liens.

A copy of the Debtor's motion and budget is available at
https://urlcurt.com/u?l=g9ZHXO from PacerMonitor.com.

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

     $138,784 for the week of December 3, 2023;
     $138,784 for the week of December 10, 2023;
     $138,784 for the week of December 17, 2023;
     $155,784 for the week of December 24, 2023; and
     $136,589 for the week of December 31, 2023.

                     About Vaso Logistics,Inc.

Vaso Logistics,Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-05095) on December 4,
2023. In the petition signed by Valentin Sorbala, director, the
Debtor disclosed up to $10 million in both assets and liabilities.

Justin M. Luna, Esq., at Latham Luna Eden and Beaudine LLP,
represents the Debtor as legal counsel.


VELSICOL CHEMICAL: Claims Filing Deadline Set for Jan. 19, 2024
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois set
Jan. 19, 2024, as the deadline for each person and entity to file
their proofs of claim against Velsicol Chemical LLC and its
debtor-affiliates.

The Court also set March 19, 2024, as the deadline for all
governmental units to file their claims against the Debtors.

All claimants must submit a proof of claim by mailing the original
proof of claim by regular mail, overnight mail, courier service,
hand delivery, or in person to:

   i) if by regular mail:

      BMC Group
      Attn: Velsicol Claims
      PO Box 90100
      Los Angeles, CA 90009

  ii) if by messenger or overnight delivery:

      BMC Group
      Attn: Velsicol Claims
      3732 West 120th Street
      Hawthorne, CA 90250

Claimants may submit their proof of claim electronically using the
interface available on the claims agent's website at
https://onlineclaims.bmngroup.com/velsicol/claim/filing410 so that
it is actually received on or before the applicable bar date.

                    About Velsicol Chemical

Velsicol Chemical LLC is a technology company in the industrial
intermediate chemicals industry serving the global polymer
additives as well as flame retardant markets.

Velsicol Chemical LLC and its affiliates filed voluntary petitions
for relief under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ill. Lead Case No. 23-12544) on Sep. 21, 2023.  The petitions were
signed by Timothy Horn as authorized representative of the Debtors.
At the time of filing, Velsicol estimated $1 million to $10
million in assets and $10 million to $50 million in liabilities.

Judge David D. Cleary oversees the case.

Much Shelist PC, led by Jeffrey M. Schwartz, is the Debtors'
counsel. GlassRatner Advisory & Capital Group, LLC, d/b/a B. Riley
Advisory Services, is the financial advisor.


WC PARADISE: Unsecured Creditors to be Paid in Full in 1 Year
-------------------------------------------------------------
WC Paradise Cove Marina, L.P., filed with the U.S. Bankruptcy Court
for the Western District of Texas a Disclosure Statement for
Chapter 11 Plan dated December 4, 2023.

The Debtor is a Texas limited partnership and owns three parcels of
real property located at 17141 Rocky Ridge Rd, Austin, TX 78734.
The properties total 258.545 acres and include floating docks as
well as other personal property.

The Debtor was formed on March 4, 2009 in order to purchase the
Property. Apart from owning and leasing the property, there are no
other operations of the Debtor. The general partner of the Debtor
is WC Paradise Cove GP, LLC, and the Manager of the general partner
is Mr. Natin Paul.

Prior to filing the bankruptcy, the Debtor's operations and that of
its ownership and affiliates were affected by the Covid-19 pandemic
and other financial setbacks. Debtor engaged in negotiations with
both Northwest Federal Credit Union, and then with Noteholder, but
negotiations were not successful. Due to the foregoing, Debtor was
forced to file Bankruptcy to protect the substantial equity in the
property.

The real property owned by Debtor as of the Petition Date consists
of 258.545 acres located on Lake Travis in Austin, Texas, of which
246.815 acres is designated by the Travis Central Appraisal
District (CAD) as being considered underwater. The Travis CAD
valuation of the land is $1,795,112. Debtor's estimate of value is
significantly higher, and Debtor is seeking to employ a broker who
will provide additional information regarding valuation. The
Debtor's personal property consists of assets valued at $114,767
per the schedules with the docks valued at an unknown value.

Under the Plan, Debtor will continue to manage and operate the
Property and will make payments on secured and unsecured debt prior
to paying off all debts via sale or refinance, which is projected
to occur within approximately one year after the Effective Date of
the Plan.

Class 4 consists of all Unsecured Claims that are not Insider
Claims. Each Allowed Unsecured Claim shall be paid in full within
one year after the effective date at 8.5% interest, with payments
to be made at the discretion of the debtor, and in no case any
later than March 1, 2025. This Class is Impaired.

Class 5 consists of Equity Interests. Each holder of an Equity
Interest shall retain such interests but shall not receive any
distribution on account of such interests until Classes 1, 2, 3 and
4 Allowed Claims are paid in full. This Class is Unimpaired and
holders of Claims in this Class are not entitled to accept or
reject the Plan.

The plan will be implemented via the means indicated in Article V
of the plan, including payments made from income of the Debtor in
excess of that needed for payment of its monthly operating
expenses, taxes, and other required expenditures. Additional funds
will come from the sale or refinance of the property. Sale will be
effectuated by a broker to be hired by the Debtor. Discussions are
currently underway with broker candidates. If the Debtor pursues
refinance, the financing will likely come from a Debtor affiliate.

A full-text copy of the Disclosure Statement dated December 4, 2023
is available at https://urlcurt.com/u?l=JiYz3e from
PacerMonitor.com at no charge.

Counsel for Debtor:

     HAYWARD PLLC
     Ron Satija, Esq.
     Todd Headden, Esq.
     7600 Burnet Rd, Ste. 530
     Austin, TX 78757
     Telephone: (737) 881-7102
     Email: rsatija@haywardfirm.com
            theadden@haywardfirm.com

                  About WC Paradise Cove Marina

WC Paradise Cove Marina, L.P., operates a marina on Lake Travis,
which rents slips to clients to moor their boats.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 23-10731-hcm) on Sept.
28, 2023.  In the petition signed by Natin Paul, the Debtor
disclosed up to $10 million in both assets and liabilities.  Ron
Satija, Esq., at Hayward PLLC, is the Debtor's legal counsel.


WEST COAST HOSPITALITY: Court OKs Interim Cash Collateral Access
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon authorized
West Coast Hospitality Group, LLC to use cash collateral on an
interim basis in accordance with the budget, with a 10% variance.

The Debtor is directed to provide adequate protection for the use
of cash collateral to safeguard and adequately protect the security
interests of Emerald Fruit & Produce and McDonald Wholesale and the
United States Small Business Administration, PayPal, Inc., Reliant
Funding, and Stripe Capital in the collateral.

In addition to the security interests preserved by 11 U.S.C.
section 552(b), the PACA Creditors and the Secured Creditors will
be granted adequate protection as follows:

      i) a valid, enforceable, fully perfected, and unavoidable
replacement lien in favor of the PACA Creditors and the Secured
Creditors on all of the Debtor's assets or interests in assets
acquired on or after the Petition Date of the same types and
categories that the PACA Creditors and the Secured Creditors had a
lien on or security interest in as of the Petition Date provided,
however, that the Replacements Liens will have the same scope,
validity, perfection, relative priority and enforceability as to
the PACA Creditors and the Secured Creditors' pre-Petition Date
security interests in the collateral;

     ii) adequate protection payments; and

    iii) DIP will keep the collateral fully insured and free and
clear from other liens or encumbrances.

To the extent the Replacement Liens proves to be inadequate as
adequate protection for the aggregate diminution in the value of
the PACA Creditors and the Secured Creditors' interests in the
pre-petition collateral from and after the Petition Date, the PACA
Creditors and the Secured Creditors will be allowed administrative
claims under 11 U.S.C. section 503(b), equal to the respective
Diminution which claims, will have priority over, and be senior to
, all other administrative claims against the estate pursuant to
11U.S.C. section 507(b).

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=c5pUP5 from PacerMonitor.com.

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

     $146,427 for December 2023;
     $115,740 for January 2024;
     $117,532 for February 2024; and
     $139,272  for March 2024.

              About West Coast Hospitality Group, LLC

West Coast Hospitality Group, LLC sought protection under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Ore. Case No.
23-62000-tmr11) on October 17, 2023. In the petition signed by
Natalie Sheild, member, the Debtor disclosed up to $1 million in
assets and up to $10 million in liabilities.

Judge Thomas M. Renn oversees the case.

Loren S. Scott, Esq., at The Scott Law Group, represents the Debtor
as legal counsel.


WHITESTONE UPTOWN: Files Emergency Bid to Use Cash Collateral
-------------------------------------------------------------
Whitestone Uptown Tower, LLC, a/k/a Pillarstone Capital REIT
Operating Partnership asks the U.S. Bankruptcy Court for the
Northern District of Texas, Dallas Division, for authority to use
cash collateral and provide adequate protection.

The Debtor filed the case due to reduced revenue caused by the
COVID-19 pandemic, loss of tenants to newly constructed office
buildings and the trend toward more remote work, as well as
increased expenses due to higher interest rates experienced over
the last year. Although the Debtor has a good occupancy rate
(approximately 80%) and has begun to recover, the filing of the
case will enable it to reorganize its debt to better match its
projected cash flow.

The Debtor has an immediate need to use the cash collateral of RSS
MSBAM2013-C13 – TX WUT, LLC, the Debtor's secured lender claiming
liens on the Debtor's real and personal property, including cash
and accounts. The Debtor can adequately protect the interests of
the Secured Lender as set forth in the proposed Interim Order for
Use of cash collateral by providing the Secured Lender with
post-petition liens, a priority claim in the Chapter 11 bankruptcy
case, and ultimately cash flow payments. The cash collateral will
be used to continue the Debtor's ongoing operations.

This is an emergency matter since the Debtor has no outside sources
of funding available to it and must rely on the use of cash
collateral to continue its operations.

A copy of the motion is available at https://urlcurt.com/u?l=p6AOc4
from PacerMonitor.com.

A copy of the budget is available at https://urlcurt.com/u?l=Vm8n31
from PacerMonitor.com.

The Debtor projects $266,462 in total property revenues and
$960,525 in total expenses for the period from December to January
2024.

                About Whitestone Uptown Tower, LLC

Whitestone Uptown Tower, LLC is a Single Asset Real Estate debtor
(as defined in 11 U.S.C. Section 101(51B)).

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Tex. Case No. 23-32832) on December 1,
2023. In the petition signed by Bradford Johnson, authorized
representative, the Debtor disclosed up to $50 million in both
assets and liabilities.

Judge Michelle V Larson oversees the case.

Joyce Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC,
represents the Debtor as legal counsel.


WIDEOPENWEST FINANCE:S&P Cuts ICR to 'B+' on Increased Competition
------------------------------------------------------------------
S&P Global Ratings lowered its issuer-credit rating, and all other
ratings, one notch to 'B+' from 'BB-' on U.S.-based cable provider
WideOpenWest Finance LLC (WOW).

The negative outlook reflects uncertainty around earnings and
subscriber trends, and the risk that leverage rises above 4x and
FOCF remains negative for longer than anticipated.

S&P said, "The rating action reflects our view that WideOpenWest's
competitive advantage has eroded because of increasing price-based
competition. As a cable overbuilder, WOW has historically operated
in competitive markets by offering good service at a lower price.
However, Comcast and Charter are bundling mobile with in-home
broadband service at a significant discount. Furthermore,
competition from fixed wireless access (FWA) from wireless service
providers T-Mobile and Verizon has made it more difficult for WOW
to compete for broadband customers. Therefore, we expect WOW's HSD
customer base will decline by about 4% in 2023 and 2% in 2024, more
than our previous expectation for low-single-digit growth in both
years. Comcast and Charter have significant scale and financial
resources, which means they have the capacity to offer a low-margin
wireless service or even temporarily absorb losses if it helps
their broadband churn. We expect the economics of these competing
wireless bundles will improve as the business scales and more
traffic is offloaded onto owned spectrum, which could enable these
competitors to continue to price aggressively longer term. For
example, we estimate a new Spectrum (Charter) internet and mobile
subscriber will pay roughly $40/month in the first year for 500
mega bites per second (mbps) of internet data and unlimited mobile
data usage. The comparable WOW offering is $40/month but just
includes broadband (we estimate service through Reach Mobile would
be an additional $45/month with a modest discount from WOW). This
lack of a compelling mobile offering will result in ongoing
subscriber losses over the next couple of years, in our view. A
partial offsetting factor is the industrywide trend of HSD
customers moving to higher-speed tiers as the demand for data
continues to grow, leading to average revenue per user (ARPU)
growth of 4%-5%. Therefore, we expect HSD revenue growth will be
flat over the next couple of years.

"FWA is another competitive threat that will limit WOW's broadband
growth. Intensifying competition from FWA has also contributed to
WOW's subscriber losses, a trend we expect will continue over the
next year. While FWA data speeds are not comparable with hybrid
fiber coaxial cable (HFC) or fiber to the home (FTTH), the wireless
carriers have demonstrated strong growth by bundling mobile with
in-home broadband service, adding about one million subs per
quarter. We expect FWA will continue taking market share in WOW's
territory with its discounted service, which appeals to more
price-sensitive customers that may be willing to compromise on
speed and reliability, particularly given that speeds offered are
sufficient for most household data consumption today, with the
benefit of a competitive mobile bundle that WOW lacks.

"Persistent declines in WOW's legacy markets will compel WOW to
continue investing in greenfield builds, leading to ongoing FOCF
deficits. The company is currently in a heavy capital expenditure
(capex) cycle as it pursues greenfield projects with FTTH in new
markets as well as edge-outs. We expect capex will be about $240
million in 2023. We expect the company will record sharply negative
FOCF of around $110 million in 2023 following $133 million of
negative FOCF in 2022. As of Sept. 30, 2023, the company had
roughly $23 million of cash on hand and about $90 million of
availability on its $250 million of revolver. In 2024, the company
will be balancing the need to expand into new markets with the need
to preserve liquidity. We expect capex will decline to $200 million
in 2024 and FOCF to improve to negative $20 million. The
improvement in FOCF is due to our expectation that the company will
curtail its greenfield builds to maintain adequate liquidity.
However, given the persistent declines in its legacy markets,
management may need to maintain its current elevated investment
levels to offset subscriber declines in legacy markets. However, we
estimate the company has the ability to generate about $40
million-$50 million in FOCF if it were to curtail its expansion
activity, which provides support for the rating.

"We expect the company's leverage to remain close to 4x over the
next several years as it continues to invest in greenfield fiber
builds. As WOW continues to expand into new markets, we expect
leverage will increase to about 3.7x in 2023, up from 3.0x in 2022.
We expect leverage to increase to 3.9x in 2024 due to elevated
capex and some margin pressure because of costs to acquire new
customers in expansion markets. Given the company's debt is all
floating rate, higher interest costs will cause the company's
EBITDA/interest coverage ratio to decline to 3.7x in 2023 and 3.5x
in 2024 from 6.0x in 2022."

The negative outlook reflects uncertainty around the competitive
environment that could cause earnings and subscriber trends to
weaken further over the next year.

S&P could lower the rating if:

-- HSD subscriber losses accelerate worse than expected;

-- The company is unable to grow HSD ARPU at rates S&P expects;

-- Adjusted debt to EBITDA rose above 4x on a sustained basis; or

-- FOCF remains negative for longer than anticipated.

S&P could revise the outlook to stable if the company:

-- Is able to grow HSD revenue;

-- Sustains leverage below 4x; and

-- Generates positive FOCF.




YELLOW CORP: Inks Second Amendment to DIP Credit Pact
-----------------------------------------------------
Yellow Corporation disclosed in a Form 8-K Report filed with the
Securities and Exchange Commission that the Company entered into
Amendment No. 2 to Junior Secured Super-Priority
Debtor-In-Possession Credit Agreement dated as of September 6,
2023, by and among the Company as borrower, certain subsidiaries of
the Company as guarantors, the lenders party thereto from time to
time, and Alter Domus Products Corp. as administrative agent and
collateral agent.

Amendment No. 2 amends the Junior Secured
Super-Priority-Debtor-In-Possession Credit Agreement for a
technical change as required by MFN Partners, L.P. and its auditors
to remove the "per annum" language in Section 2.05(a) of the Junior
Secured Super-Priority-Debtor-In-Possession Credit Agreement in
order to provide additional clarity that the 7.5% is in regard to
an exit fee and should not otherwise be construed as a ticking
fee.

A full-text copy of the SEC filing is available at:

    
https://www.sec.gov/Archives/edgar/data/716006/000119312523286827/d432956dex101.htm

                    About Yellow Corporation

Yellow Corporation — http://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.

The Debtors tapped Kirkland & Ellis LLP as restructuring counsel;
Pachulski Stang Ziehl & Jones LLP as Delaware local counsel;
Kasowitz, Benson and Torres LLP as special litigation counsel;
Goodmans LLP as special Canadian counsel; Ducera Partners LLC as
investment banker; and Alvarez and Marsal as financial advisor.
Epiq Bankruptcy Solutions serves as claims and noticing agent.
Milbank LLP serves as counsel to certain investment funds and
accounts managed by affiliates of Apollo Capital Management, L.P.
White & Case LLP serves as counsel to Beal Bank USA. Arnold &
Porter Kaye Scholer LLP serves as counsel to the United States
Department of the Treasury.

On Aug. 16, 2023, the United States Trustee for Region 3 appointed
an official committee of unsecured creditors in the Chapter 11
cases. The committee tapped Akin Gump Strauss Hauer & Feld LLP and
Benesch, Friedlander, Coplan & Aronoff LLP as counsel; Miller
Buckfire as investment banker; and Huron Consulting Services LLC as
financial advisor.


YIELD10 BIOSCIENCE: Board OKs Salary Cuts of Execs
--------------------------------------------------
Yield10 Bioscience, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that the Company's Board of
Directors approved amendments to the employment agreements of the
Company's chief executive officer, principal financial and
accounting officer and its two other named executive officers.  

The amendments temporarily reduce the salary of each officer to
$684 per week until such time as the Company is able to raise
additional funding to support its ongoing operations.

The Executive officers of the Company will continue to receive
employment benefits during the period of reduced salaries.  If the
Company is able to raise additional funding, the Executive Officers
will receive payment of the amount of their salaries that was
retained pursuant to these amendments.

                              About Yield10

Yield10 Bioscience, Inc. -- http://www.yield10bio.com-- is an
agricultural bioscience company focused on the large-scale
production of low carbon sustainable products from processing
Camelina seed using the oilseed Camelina sativa ("Camelina") as a
platform crop.

Yield10 Bioscience reported a net loss of $13.57 million for the
year ended Dec. 31, 2022, compared to a net loss of $11.03 million
for the year ended Dec. 31, 2021. As of Dec. 31, 2022, the Company
had $8.08 million in total assets, $3.68 million in total
liabilities, and $4.40 million in total stockholders' equity.

Boston, Massachusetts-based RSM US LLP, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
March 14, 2023, citing that the Company has suffered recurring
losses from operations and does not have sufficient liquidity to
meet forecasted costs.  This raises substantial doubt about the
Company's ability to continue as a going concern.


YIELD10 BIOSCIENCE: Furloughs 65% of Workforce
----------------------------------------------
Yield10 Bioscience, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that its Board of Directors
approved the full or partial furlough of approximately 65% of its
workforce, most of whom are located in the Company's U.S. facility.


During the furloughs, the furloughed employees will continue to
receive employment benefits, and those employees who continue to
work will receive reductions in compensation.  The furloughs took
effect on Dec. 4, 2023, and will continue until such time as the
Company is able to raise additional funding through public or
private placements of equity or debt, technology licensing,
collaboration arrangements or other strategic options undertaken
with third parties.

In connection with the furloughs, the Company does not expect that
it will incur significant restructuring charges; however, costs
that are not currently contemplated may occur as a result of the
furloughs.

                            About Yield10

Yield10 Bioscience, Inc. -- http://www.yield10bio.com-- is an
agricultural bioscience company focused on the large-scale
production of low carbon sustainable products from processing
Camelina seed using the oilseed Camelina sativa ("Camelina") as a
platform crop.

Yield10 Bioscience reported a net loss of $13.57 million for the
year ended Dec. 31, 2022, compared to a net loss of $11.03 million
for the year ended Dec. 31, 2021. As of Dec. 31, 2022, the Company
had $8.08 million in total assets, $3.68 million in total
liabilities, and $4.40 million in total stockholders' equity.

Boston, Massachusetts-based RSM US LLP, the Company's auditor since
2017, issued a "going concern" qualification in its report dated
March 14, 2023, citing that the Company has suffered recurring
losses from operations and does not have sufficient liquidity to
meet forecasted costs.  This raises substantial doubt about the
Company's ability to continue as a going concern.


YOOMA WELLNESS: Files Assignment in Bankruptcy Under BIA
--------------------------------------------------------
Yooma Wellness Inc. (CSE: YOOM) (AQSE: YOOM), a global
multi-branded wellness platform, including CBD products and other
wellness brands, on Dec. 7, 2023, disclosed that it has filed an
assignment in bankruptcy pursuant to the Bankruptcy and Insolvency
Act (Canada). Richter Inc. was appointed as Trustee of the estate.




[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------

                                               Total
                                              Share-       Total
                                    Total   Holders'     Working
                                   Assets     Equity     Capital
  Company         Ticker             ($MM)      ($MM)       ($MM)
  -------         ------           ------   --------     -------
ACCELERATE DIAGN  AXDX* MM           39.3      (35.0)       (5.3)
AEMETIS INC       AMTX US           277.4     (200.0)      (35.9)
AEMETIS INC       DW51 GR           277.4     (200.0)      (35.9)
AEMETIS INC       AMTXGEUR EZ       277.4     (200.0)      (35.9)
AEMETIS INC       AMTXGEUR EU       277.4     (200.0)      (35.9)
AEMETIS INC       DW51 GZ           277.4     (200.0)      (35.9)
AEMETIS INC       DW51 TH           277.4     (200.0)      (35.9)
AEMETIS INC       DW51 QT           277.4     (200.0)      (35.9)
ALNYLAM PHAR-BDR  A1LN34 BZ       3,839.1     (165.9)    2,035.7
ALNYLAM PHARMACE  ALNY US         3,839.1     (165.9)    2,035.7
ALNYLAM PHARMACE  DUL GR          3,839.1     (165.9)    2,035.7
ALNYLAM PHARMACE  DUL QT          3,839.1     (165.9)    2,035.7
ALNYLAM PHARMACE  ALNYEUR EU      3,839.1     (165.9)    2,035.7
ALNYLAM PHARMACE  DUL TH          3,839.1     (165.9)    2,035.7
ALNYLAM PHARMACE  DUL GZ          3,839.1     (165.9)    2,035.7
ALPHATEC HOLDING  L1Z1 GR           670.2      (20.6)      185.5
ALPHATEC HOLDING  ATEC US           670.2      (20.6)      185.5
ALPHATEC HOLDING  ATECEUR EU        670.2      (20.6)      185.5
ALPHATEC HOLDING  L1Z1 GZ           670.2      (20.6)      185.5
ALTICE USA INC-A  ATUS* MM       32,208.5     (321.3)   (2,327.3)
ALTICE USA INC-A  ATUS-RM RM     32,208.5     (321.3)   (2,327.3)
ALTIRA GP-CEDEAR  MOC AR         36,469.0   (3,357.0)   (6,991.0)
ALTIRA GP-CEDEAR  MOD AR         36,469.0   (3,357.0)   (6,991.0)
ALTIRA GP-CEDEAR  MO AR          36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7 GR        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MO* MM         36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MO US          36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MO SW          36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MOEUR EU       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  4MO TE         36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7 TH        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MO CI          36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7 QT        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MOUSD SW       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7 GZ        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  0R31 LI        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  ALTR AV        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MOEUR EZ       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MOCL CI        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  MO-RM RM       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7 BU        36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7D EB       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7D IX       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP INC  PHM7D I2       36,469.0   (3,357.0)   (6,991.0)
ALTRIA GROUP-BDR  MOOO34 BZ      36,469.0   (3,357.0)   (6,991.0)
AMC ENTERTAINMEN  AMC US          8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AH91 GR         8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AMC4EUR EU      8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AH91 TH         8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AH91 QT         8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AMC* MM         8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AH91 GZ         8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AH91 SW         8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AMC-RM RM       8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AH9 BU          8,793.1   (2,138.0)     (548.7)
AMC ENTERTAINMEN  AMCE AV         8,793.1   (2,138.0)     (548.7)
AMERICAN AIR-BDR  AALL34 BZ      65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL US         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  A1G GR         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL* MM        65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  A1G TH         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  A1G QT         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  A1G GZ         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL11EUR EU    65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL AV         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  4AAL TE        65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  A1G SW         65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  0HE6 LI        65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL11EUR EZ    65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL-RM RM      65,711.0   (5,136.0)   (7,672.0)
AMERICAN AIRLINE  AAL_KZ KZ      65,711.0   (5,136.0)   (7,672.0)
AON PLC-BDR       A1ON34 BZ      33,112.0     (486.0)      403.0
AON PLC-CLASS A   AON US         33,112.0     (486.0)      403.0
AON PLC-CLASS A   4VK GR         33,112.0     (486.0)      403.0
AON PLC-CLASS A   4VK QT         33,112.0     (486.0)      403.0
AON PLC-CLASS A   4VK TH         33,112.0     (486.0)      403.0
AON PLC-CLASS A   AON1EUR EZ     33,112.0     (486.0)      403.0
AON PLC-CLASS A   AON1EUR EU     33,112.0     (486.0)      403.0
AON PLC-CLASS A   AONN MM        33,112.0     (486.0)      403.0
AON PLC-CLASS A   4VK GZ         33,112.0     (486.0)      403.0
APPLIED THERAPEU  APLT US            45.2      (11.0)      (11.0)
AULT DISRUPTIVE   ADRT/U US           2.5       (3.0)       (1.8)
AUTOZONE INC      AZO US         16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZ5 TH         16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZ5 GR         16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZOEUR EU      16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZ5 QT         16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZO AV         16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      4AZO TE        16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZO* MM        16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZOEUR EZ      16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZ5 GZ         16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC      AZO-RM RM      16,292.6   (4,349.9)   (1,828.8)
AUTOZONE INC-BDR  AZOI34 BZ      16,292.6   (4,349.9)   (1,828.8)
AVIS BUD-CEDEAR   CAR AR         32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CUCA GR        32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CAR US         32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CUCA QT        32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CAR2EUR EU     32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CAR* MM        32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CAR2EUR EZ     32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CUCA TH        32,304.0      (28.0)     (537.0)
AVIS BUDGET GROU  CUCA GZ        32,304.0      (28.0)     (537.0)
BATH & BODY WORK  LTD0 GR         5,243.0   (2,124.0)      550.0
BATH & BODY WORK  LTD0 TH         5,243.0   (2,124.0)      550.0
BATH & BODY WORK  BBWI US         5,243.0   (2,124.0)      550.0
BATH & BODY WORK  LBEUR EU        5,243.0   (2,124.0)      550.0
BATH & BODY WORK  BBWI* MM        5,243.0   (2,124.0)      550.0
BATH & BODY WORK  LTD0 QT         5,243.0   (2,124.0)      550.0
BATH & BODY WORK  BBWI AV         5,243.0   (2,124.0)      550.0
BATH & BODY WORK  LBEUR EZ        5,243.0   (2,124.0)      550.0
BATH & BODY WORK  LTD0 GZ         5,243.0   (2,124.0)      550.0
BATH & BODY WORK  BBWI-RM RM      5,243.0   (2,124.0)      550.0
BAUSCH HEALTH CO  BVF GR         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  BHC US         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  BHC CN         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  BVF TH         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  VRX SW         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  BHCN MM        27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  VRX1EUR EU     27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  BVF QT         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  BVF GZ         27,064.0     (235.0)      824.0
BAUSCH HEALTH CO  VRX1EUR EZ     27,064.0     (235.0)      824.0
BELLRING BRANDS   BRBR US           691.6     (323.5)      274.0
BELLRING BRANDS   D51 TH            691.6     (323.5)      274.0
BELLRING BRANDS   BRBR2EUR EU       691.6     (323.5)      274.0
BELLRING BRANDS   D51 GR            691.6     (323.5)      274.0
BELLRING BRANDS   D51 QT            691.6     (323.5)      274.0
BEYOND MEAT INC   BYND US           929.2     (362.9)      392.8
BEYOND MEAT INC   0Q3 GR            929.2     (362.9)      392.8
BEYOND MEAT INC   0Q3 GZ            929.2     (362.9)      392.8
BEYOND MEAT INC   BYNDEUR EU        929.2     (362.9)      392.8
BEYOND MEAT INC   0Q3 TH            929.2     (362.9)      392.8
BEYOND MEAT INC   0Q3 QT            929.2     (362.9)      392.8
BEYOND MEAT INC   BYND AV           929.2     (362.9)      392.8
BEYOND MEAT INC   0Q3 SW            929.2     (362.9)      392.8
BEYOND MEAT INC   0A20 LI           929.2     (362.9)      392.8
BEYOND MEAT INC   BYNDEUR EZ        929.2     (362.9)      392.8
BEYOND MEAT INC   4BYND TE          929.2     (362.9)      392.8
BEYOND MEAT INC   BYND* MM          929.2     (362.9)      392.8
BEYOND MEAT INC   BYND-RM RM        929.2     (362.9)      392.8
BIOCRYST PHARM    BO1 TH            522.9     (411.0)      411.7
BIOCRYST PHARM    BCRX US           522.9     (411.0)      411.7
BIOCRYST PHARM    BO1 GR            522.9     (411.0)      411.7
BIOCRYST PHARM    BO1 QT            522.9     (411.0)      411.7
BIOCRYST PHARM    BCRXEUR EU        522.9     (411.0)      411.7
BIOCRYST PHARM    BCRX* MM          522.9     (411.0)      411.7
BIOCRYST PHARM    BCRXEUR EZ        522.9     (411.0)      411.7
BIOTE CORP-A      BTMD US           149.7      (51.3)       92.7
BOEING CO-BDR     BOEI34 BZ     134,281.0    (16,717)   13,873.0
BOEING CO-CED     BA AR         134,281.0    (16,717)   13,873.0
BOEING CO-CED     BAD AR        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCO GR        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BAEUR EU      134,281.0    (16,717)   13,873.0
BOEING CO/THE     4BA TE        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA* MM        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA SW         134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA US         134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCO TH        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA CI         134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCO QT        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BAUSD SW      134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCO GZ        134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA AV         134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA-RM RM      134,281.0    (16,717)   13,873.0
BOEING CO/THE     BAEUR EZ      134,281.0    (16,717)   13,873.0
BOEING CO/THE     BACL CI       134,281.0    (16,717)   13,873.0
BOEING CO/THE     BA_KZ KZ      134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCOD EB       134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCOD IX       134,281.0    (16,717)   13,873.0
BOEING CO/THE     BCOD I2       134,281.0    (16,717)   13,873.0
BOMBARDIER INC-A  BBD/A CN       12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-A  BDRAF US       12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-A  BBD GR         12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-A  BBD/AEUR EU    12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-A  BBD GZ         12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBD/B CN       12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBDC GR        12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BDRBF US       12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBDC TH        12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBDBN MM       12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBD/BEUR EU    12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBDC GZ        12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBD/BEUR EZ    12,524.0   (2,470.0)       (1.0)
BOMBARDIER INC-B  BBDC QT        12,524.0   (2,470.0)       (1.0)
BOOKING HLDG-BDR  BKNG34 BZ      25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  PCE1 GR        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNG US        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNG* MM       25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  PCE1 TH        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNG CI        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNG SW        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  PCE1 QT        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNGUSD SW     25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  PCLNEUR EU     25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  PCE1 GZ        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BOOK AV        25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  4BKNG TE       25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  PCLNEUR EZ     25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNGCL CI      25,635.0     (625.0)    5,647.0
BOOKING HOLDINGS  BKNG-RM RM     25,635.0     (625.0)    5,647.0
BOSTON PIZZA R-U  BPZZF US          146.6     (241.3)        2.7
BOSTON PIZZA R-U  BPF-U CN          146.6     (241.3)        2.7
BOX INC- CLASS A  BOX US          1,033.8      (48.9)      113.7
BOX INC- CLASS A  3BX GR          1,033.8      (48.9)      113.7
BOX INC- CLASS A  3BX TH          1,033.8      (48.9)      113.7
BOX INC- CLASS A  3BX QT          1,033.8      (48.9)      113.7
BOX INC- CLASS A  BOXEUR EU       1,033.8      (48.9)      113.7
BOX INC- CLASS A  3BX GZ          1,033.8      (48.9)      113.7
BOX INC- CLASS A  BOX-RM RM       1,033.8      (48.9)      113.7
BRIDGEBIO PHARMA  BBIO US           655.0   (1,193.7)      481.6
BRIDGEBIO PHARMA  2CL GR            655.0   (1,193.7)      481.6
BRIDGEBIO PHARMA  2CL GZ            655.0   (1,193.7)      481.6
BRIDGEBIO PHARMA  BBIOEUR EU        655.0   (1,193.7)      481.6
BRIDGEBIO PHARMA  2CL TH            655.0   (1,193.7)      481.6
BRINKER INTL      EAT US          2,474.8     (156.3)     (364.5)
BRINKER INTL      BKJ GR          2,474.8     (156.3)     (364.5)
BRINKER INTL      BKJ QT          2,474.8     (156.3)     (364.5)
BRINKER INTL      EAT2EUR EU      2,474.8     (156.3)     (364.5)
BRINKER INTL      EAT2EUR EZ      2,474.8     (156.3)     (364.5)
BRINKER INTL      BKJ TH          2,474.8     (156.3)     (364.5)
BROOKFIELD INF-A  BIPC CN        10,973.0     (764.0)   (3,410.0)
BROOKFIELD INF-A  BIPC US        10,973.0     (764.0)   (3,410.0)
CALUMET SPECIALT  CLMT US         2,804.8     (197.6)     (456.8)
CARDINAL HEA BDR  C1AH34 BZ      43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CAH US         43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CLH GR         43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CLH TH         43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CLH QT         43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CAHEUR EU      43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CLH GZ         43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CAH* MM        43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CAHEUR EZ      43,710.0   (3,490.0)     (377.0)
CARDINAL HEALTH   CAH-RM RM      43,710.0   (3,490.0)     (377.0)
CARDINAL-CEDEAR   CAH AR         43,710.0   (3,490.0)     (377.0)
CARDINAL-CEDEAR   CAHC AR        43,710.0   (3,490.0)     (377.0)
CARDINAL-CEDEAR   CAHD AR        43,710.0   (3,490.0)     (377.0)
CARGO THERAPEUTI  CRGX US             -          -           -
CARVANA CO        CVNA US         7,025.0     (202.0)    1,791.0
CARVANA CO        CV0 TH          7,025.0     (202.0)    1,791.0
CARVANA CO        CV0 QT          7,025.0     (202.0)    1,791.0
CARVANA CO        CVNAEUR EU      7,025.0     (202.0)    1,791.0
CARVANA CO        CV0 GR          7,025.0     (202.0)    1,791.0
CARVANA CO        CV0 GZ          7,025.0     (202.0)    1,791.0
CARVANA CO        CVNAEUR EZ      7,025.0     (202.0)    1,791.0
CARVANA CO        CVNA* MM        7,025.0     (202.0)    1,791.0
CARVANA CO        CVNA-RM RM      7,025.0     (202.0)    1,791.0
CEDAR FAIR LP     FUN US          2,318.6     (565.8)     (141.1)
CENTRUS ENERGY-A  LEU US            644.7      (24.0)      194.6
CENTRUS ENERGY-A  4CU TH            644.7      (24.0)      194.6
CENTRUS ENERGY-A  4CU GR            644.7      (24.0)      194.6
CENTRUS ENERGY-A  LEUEUR EU         644.7      (24.0)      194.6
CENTRUS ENERGY-A  4CU GZ            644.7      (24.0)      194.6
CENTRUS ENERGY-A  4CU QT            644.7      (24.0)      194.6
CF ACQUISIN VIII  CFFEU US            7.9      (25.4)      (11.6)
CHENIERE ENERGY   CQP US         18,072.0     (973.0)     (195.0)
CINEPLEX INC      CGX CN          2,225.6      (30.2)     (252.1)
CINEPLEX INC      CX0 GR          2,225.6      (30.2)     (252.1)
CINEPLEX INC      CPXGF US        2,225.6      (30.2)     (252.1)
CINEPLEX INC      CX0 TH          2,225.6      (30.2)     (252.1)
CINEPLEX INC      CGXEUR EU       2,225.6      (30.2)     (252.1)
CINEPLEX INC      CGXN MM         2,225.6      (30.2)     (252.1)
CINEPLEX INC      CX0 GZ          2,225.6      (30.2)     (252.1)
COMPOSECURE INC   CMPO US           195.0     (238.8)       75.4
CONDUIT PHARMACE  CDT US             12.0       (1.1)        5.8
CONSENSUS CLOUD   CCSI US           706.5     (199.3)      107.5
COOPER-STANDARD   CPS US          2,029.0      (57.4)      258.8
COOPER-STANDARD   C31 GR          2,029.0      (57.4)      258.8
COOPER-STANDARD   CPSEUR EU       2,029.0      (57.4)      258.8
COOPER-STANDARD   C31 GZ          2,029.0      (57.4)      258.8
COOPER-STANDARD   C31 TH          2,029.0      (57.4)      258.8
CPI CARD GROUP I  PMTS US           292.1      (56.7)      115.2
CPI CARD GROUP I  CPB1 GR           292.1      (56.7)      115.2
CPI CARD GROUP I  PMTSEUR EU        292.1      (56.7)      115.2
CYTOKINETICS INC  CYTK US           740.6     (438.8)      483.7
CYTOKINETICS INC  KK3A GR           740.6     (438.8)      483.7
CYTOKINETICS INC  KK3A QT           740.6     (438.8)      483.7
CYTOKINETICS INC  CYTKEUR EU        740.6     (438.8)      483.7
CYTOKINETICS INC  KK3A TH           740.6     (438.8)      483.7
CYTOKINETICS INC  KK3A SW           740.6     (438.8)      483.7
CYTOKINETICS INC  CYTKEUR EZ        740.6     (438.8)      483.7
DELEK LOGISTICS   DKL US          1,709.5     (139.2)       32.3
DELL TECHN-C      DELL US        83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      12DA TH        83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      12DA GR        83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      12DA GZ        83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      DELL1EUR EU    83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      DELLC* MM      83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      12DA QT        83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      DELL AV        83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      DELL1EUR EZ    83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C      DELL-RM RM     83,264.0   (2,570.0)  (11,890.0)
DELL TECHN-C-BDR  D1EL34 BZ      83,264.0   (2,570.0)  (11,890.0)
DENNY'S CORP      DE8 GR            479.8      (35.8)      (56.0)
DENNY'S CORP      DENN US           479.8      (35.8)      (56.0)
DENNY'S CORP      DENNEUR EU        479.8      (35.8)      (56.0)
DENNY'S CORP      DE8 TH            479.8      (35.8)      (56.0)
DENNY'S CORP      DE8 GZ            479.8      (35.8)      (56.0)
DIGITALOCEAN HOL  DOCN US         1,425.1     (358.8)      287.2
DIGITALOCEAN HOL  0SU GR          1,425.1     (358.8)      287.2
DIGITALOCEAN HOL  0SU TH          1,425.1     (358.8)      287.2
DIGITALOCEAN HOL  DOCNEUR EU      1,425.1     (358.8)      287.2
DIGITALOCEAN HOL  0SU GZ          1,425.1     (358.8)      287.2
DIGITALOCEAN HOL  0SU QT          1,425.1     (358.8)      287.2
DINE BRANDS GLOB  DIN US          1,659.6     (273.7)     (120.5)
DINE BRANDS GLOB  IHP GR          1,659.6     (273.7)     (120.5)
DINE BRANDS GLOB  IHP TH          1,659.6     (273.7)     (120.5)
DINE BRANDS GLOB  IHP GZ          1,659.6     (273.7)     (120.5)
DOMINO'S P - BDR  D2PZ34 BZ       1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    EZV TH          1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    EZV GR          1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    DPZ US          1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    EZV QT          1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    DPZEUR EU       1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    DPZ AV          1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    DPZ* MM         1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    EZV GZ          1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    DPZEUR EZ       1,619.5   (4,141.5)      232.7
DOMINO'S PIZZA    DPZ-RM RM       1,619.5   (4,141.5)      232.7
DOMO INC- CL B    DOMO US           208.2     (150.8)      (80.6)
DOMO INC- CL B    1ON GR            208.2     (150.8)      (80.6)
DOMO INC- CL B    1ON GZ            208.2     (150.8)      (80.6)
DOMO INC- CL B    DOMOEUR EU        208.2     (150.8)      (80.6)
DOMO INC- CL B    1ON TH            208.2     (150.8)      (80.6)
DOMO INC- CL B    1ON QT            208.2     (150.8)      (80.6)
DROPBOX INC-A     DBX US          3,010.6     (350.3)      270.3
DROPBOX INC-A     1Q5 GR          3,010.6     (350.3)      270.3
DROPBOX INC-A     1Q5 SW          3,010.6     (350.3)      270.3
DROPBOX INC-A     1Q5 TH          3,010.6     (350.3)      270.3
DROPBOX INC-A     1Q5 QT          3,010.6     (350.3)      270.3
DROPBOX INC-A     DBXEUR EU       3,010.6     (350.3)      270.3
DROPBOX INC-A     DBX AV          3,010.6     (350.3)      270.3
DROPBOX INC-A     DBX* MM         3,010.6     (350.3)      270.3
DROPBOX INC-A     DBXEUR EZ       3,010.6     (350.3)      270.3
DROPBOX INC-A     1Q5 GZ          3,010.6     (350.3)      270.3
DROPBOX INC-A     DBX-RM RM       3,010.6     (350.3)      270.3
EMBECTA CORP      EMBC US         1,214.4     (821.7)      395.6
EMBECTA CORP      EMBC* MM        1,214.4     (821.7)      395.6
EMBECTA CORP      JX7 GR          1,214.4     (821.7)      395.6
EMBECTA CORP      JX7 QT          1,214.4     (821.7)      395.6
EMBECTA CORP      EMBC1EUR EZ     1,214.4     (821.7)      395.6
EMBECTA CORP      EMBC1EUR EU     1,214.4     (821.7)      395.6
EMBECTA CORP      JX7 GZ          1,214.4     (821.7)      395.6
EMBECTA CORP      JX7 TH          1,214.4     (821.7)      395.6
ENGENE HOLDINGS   ENGN US             0.0       (0.1)       (0.1)
ETSY INC          ETSY US         2,449.2     (622.5)      795.0
ETSY INC          3E2 GR          2,449.2     (622.5)      795.0
ETSY INC          3E2 TH          2,449.2     (622.5)      795.0
ETSY INC          3E2 QT          2,449.2     (622.5)      795.0
ETSY INC          2E2 GZ          2,449.2     (622.5)      795.0
ETSY INC          300 SW          2,449.2     (622.5)      795.0
ETSY INC          ETSY AV         2,449.2     (622.5)      795.0
ETSY INC          ETSYEUR EZ      2,449.2     (622.5)      795.0
ETSY INC          ETSY* MM        2,449.2     (622.5)      795.0
ETSY INC          ETSY-RM RM      2,449.2     (622.5)      795.0
ETSY INC          4ETSY TE        2,449.2     (622.5)      795.0
ETSY INC - BDR    E2TS34 BZ       2,449.2     (622.5)      795.0
ETSY INC - CEDEA  ETSY AR         2,449.2     (622.5)      795.0
EVOLUS INC        EOLS US           168.0      (19.4)       43.5
EVOLUS INC        EVL GR            168.0      (19.4)       43.5
EVOLUS INC        EOLSEUR EU        168.0      (19.4)       43.5
EVOLUS INC        EVL TH            168.0      (19.4)       43.5
EVOLUS INC        EVL QT            168.0      (19.4)       43.5
EVOLUS INC        EVL GZ            168.0      (19.4)       43.5
FAIR ISAAC - BDR  F2IC34 BZ       1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FRI GR          1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FICO US         1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FICOEUR EU      1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FRI QT          1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FICOEUR EZ      1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FICO1* MM       1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FRI GZ          1,575.3     (688.0)      188.8
FAIR ISAAC CORP   FRI TH          1,575.3     (688.0)      188.8
FENNEC PHARMACEU  FRX CN             19.0      (10.5)       15.0
FENNEC PHARMACEU  FENC US            19.0      (10.5)       15.0
FENNEC PHARMACEU  RV41 TH            19.0      (10.5)       15.0
FENNEC PHARMACEU  RV41 GR            19.0      (10.5)       15.0
FENNEC PHARMACEU  FRXEUR EU          19.0      (10.5)       15.0
FENNEC PHARMACEU  RV41 GZ            19.0      (10.5)       15.0
FERRELLGAS PAR-B  FGPRB US        1,472.1     (291.2)      133.9
FERRELLGAS-LP     FGPR US         1,472.1     (291.2)      133.9
FIBROGEN INC      FGEN* MM          460.4     (115.2)      154.7
FIBROGEN INC      FGEN-RM RM        460.4     (115.2)      154.7
FOGHORN THERAPEU  FHTX US           313.4      (57.4)      213.4
GCM GROSVENOR-A   GCMG US           504.7      (93.7)      108.9
GEN RESTAURANT G  GENK US           175.6       36.5        10.9
GODADDY INC -BDR  G2DD34 BZ       6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     GDDY US         6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     38D GR          6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     38D QT          6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     GDDY* MM        6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     GDDYEUR EZ      6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     38D TH          6,499.2     (973.4)   (1,448.3)
GODADDY INC-A     38D GZ          6,499.2     (973.4)   (1,448.3)
GREEN PLAINS PAR  GPP US            120.3       (1.1)        4.9
GROUPON INC       G5NA GR           523.9      (49.3)     (158.1)
GROUPON INC       G5NA TH           523.9      (49.3)     (158.1)
GROUPON INC       GRPN US           523.9      (49.3)     (158.1)
GROUPON INC       G5NA QT           523.9      (49.3)     (158.1)
GROUPON INC       GRPNEUR EU        523.9      (49.3)     (158.1)
GROUPON INC       G5NA GZ           523.9      (49.3)     (158.1)
GROUPON INC       GRPN AV           523.9      (49.3)     (158.1)
GROUPON INC       GRPN* MM          523.9      (49.3)     (158.1)
GROUPON INC       GRPNEUR EZ        523.9      (49.3)     (158.1)
H&R BLOCK - BDR   H1RB34 BZ       2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRB US          2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRB GR          2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRB TH          2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRB QT          2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRBEUR EU       2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRB GZ          2,511.1     (344.9)     (160.9)
H&R BLOCK INC     HRB-RM RM       2,511.1     (344.9)     (160.9)
HCM ACQUISITI-A   HCMA US           295.2      276.9         1.0
HCM ACQUISITION   HCMAU US          295.2      276.9         1.0
HERBALIFE LTD     HOO GR          2,724.7   (1,103.5)      180.7
HERBALIFE LTD     HLF US          2,724.7   (1,103.5)      180.7
HERBALIFE LTD     HLFEUR EU       2,724.7   (1,103.5)      180.7
HERBALIFE LTD     HOO QT          2,724.7   (1,103.5)      180.7
HERBALIFE LTD     HOO GZ          2,724.7   (1,103.5)      180.7
HERBALIFE LTD     HOO TH          2,724.7   (1,103.5)      180.7
HERON THERAPEUTI  HRTX-RM RM        229.2      (27.8)      114.2
HEWLETT-CEDEAR    HPQD AR        37,004.0   (1,069.0)   (6,511.0)
HEWLETT-CEDEAR    HPQC AR        37,004.0   (1,069.0)   (6,511.0)
HEWLETT-CEDEAR    HPQ AR         37,004.0   (1,069.0)   (6,511.0)
HILTON WORLD-BDR  H1LT34 BZ      15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HLT US         15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HI91 TH        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HI91 GR        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HI91 QT        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HLTEUR EU      15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HLT* MM        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  4HLT TE        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HLTEUR EZ      15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HLTW AV        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HI91 GZ        15,200.0   (1,753.0)   (1,077.0)
HILTON WORLDWIDE  HLT-RM RM      15,200.0   (1,753.0)   (1,077.0)
HP COMPANY-BDR    HPQB34 BZ      37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQ* MM        37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQ US         37,004.0   (1,069.0)   (6,511.0)
HP INC            7HP TH         37,004.0   (1,069.0)   (6,511.0)
HP INC            7HP GR         37,004.0   (1,069.0)   (6,511.0)
HP INC            4HPQ TE        37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQ CI         37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQ SW         37,004.0   (1,069.0)   (6,511.0)
HP INC            7HP QT         37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQUSD SW      37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQEUR EU      37,004.0   (1,069.0)   (6,511.0)
HP INC            7HP GZ         37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQ AV         37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQEUR EZ      37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQ-RM RM      37,004.0   (1,069.0)   (6,511.0)
HP INC            HPQCL CI       37,004.0   (1,069.0)   (6,511.0)
HP INC            7HPD EB        37,004.0   (1,069.0)   (6,511.0)
HP INC            7HPD IX        37,004.0   (1,069.0)   (6,511.0)
HP INC            7HPD I2        37,004.0   (1,069.0)   (6,511.0)
IMMUNITYBIO INC   IBRX US           432.4     (410.6)      124.8
IMMUNITYBIO INC   26CA GR           432.4     (410.6)      124.8
IMMUNITYBIO INC   26CA TH           432.4     (410.6)      124.8
IMMUNITYBIO INC   NK1EUR EU         432.4     (410.6)      124.8
IMMUNITYBIO INC   26C GZ            432.4     (410.6)      124.8
IMMUNITYBIO INC   NK1EUR EZ         432.4     (410.6)      124.8
IMMUNITYBIO INC   26CA QT           432.4     (410.6)      124.8
INSEEGO CORP      INSG-RM RM        136.8      (90.8)        4.0
INSMED INC        INSM US         1,324.9     (289.4)      729.8
INSMED INC        IM8N GR         1,324.9     (289.4)      729.8
INSMED INC        IM8N TH         1,324.9     (289.4)      729.8
INSMED INC        INSMEUR EU      1,324.9     (289.4)      729.8
INSMED INC        INSM* MM        1,324.9     (289.4)      729.8
INSPIRATO INC     ISPO* MM          353.3     (141.6)     (163.7)
INSPIRED ENTERTA  INSE US           353.5      (50.3)       64.4
INSPIRED ENTERTA  4U8 GR            353.5      (50.3)       64.4
INSPIRED ENTERTA  INSEEUR EU        353.5      (50.3)       64.4
INTUITIVE MACHIN  LUNR US           103.0      (60.0)      (52.0)
INVITAE CORP      NVTA* MM          535.1   (1,083.4)      220.0
INVITAE CORP      NVTA-RM RM        535.1   (1,083.4)      220.0
IRONWOOD PHARMAC  I76 GR            524.1     (325.7)      (27.0)
IRONWOOD PHARMAC  IRWD US           524.1     (325.7)      (27.0)
IRONWOOD PHARMAC  I76 TH            524.1     (325.7)      (27.0)
IRONWOOD PHARMAC  I76 QT            524.1     (325.7)      (27.0)
IRONWOOD PHARMAC  IRWDEUR EU        524.1     (325.7)      (27.0)
IRONWOOD PHARMAC  IRWDEUR EZ        524.1     (325.7)      (27.0)
IRONWOOD PHARMAC  I76 GZ            524.1     (325.7)      (27.0)
JACK IN THE BOX   JBX GR          3,001.1     (718.3)     (233.6)
JACK IN THE BOX   JACK US         3,001.1     (718.3)     (233.6)
JACK IN THE BOX   JACK1EUR EU     3,001.1     (718.3)     (233.6)
JACK IN THE BOX   JBX GZ          3,001.1     (718.3)     (233.6)
JACK IN THE BOX   JBX QT          3,001.1     (718.3)     (233.6)
JACK IN THE BOX   JACK1EUR EZ     3,001.1     (718.3)     (233.6)
L BRANDS INC-BDR  B1BW34 BZ       5,243.0   (2,124.0)      550.0
LESLIE'S INC      LESL US         1,034.4     (161.4)      194.5
LESLIE'S INC      LE3 GR          1,034.4     (161.4)      194.5
LESLIE'S INC      LESLEUR EU      1,034.4     (161.4)      194.5
LESLIE'S INC      LE3 TH          1,034.4     (161.4)      194.5
LESLIE'S INC      LE3 QT          1,034.4     (161.4)      194.5
LIFEMD INC        LFMD US            40.7      (11.1)       (7.6)
LINDBLAD EXPEDIT  LIND US           851.6      (91.7)      (59.9)
LINDBLAD EXPEDIT  LI4 GR            851.6      (91.7)      (59.9)
LINDBLAD EXPEDIT  LINDEUR EU        851.6      (91.7)      (59.9)
LINDBLAD EXPEDIT  LI4 TH            851.6      (91.7)      (59.9)
LINDBLAD EXPEDIT  LI4 QT            851.6      (91.7)      (59.9)
LINDBLAD EXPEDIT  LI4 GZ            851.6      (91.7)      (59.9)
LOOKING GLASS LA  NFTX PZ             0.8       (4.1)       (2.4)
LOWE'S COS INC    LWE GR         42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LOW US         42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LWE TH         42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LWE QT         42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LOWEUR EU      42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LWE GZ         42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LOW* MM        42,519.0    (15,147)    3,472.0
LOWE'S COS INC    4LOW TE        42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LOWE AV        42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LOWEUR EZ      42,519.0    (15,147)    3,472.0
LOWE'S COS INC    LOW-RM RM      42,519.0    (15,147)    3,472.0
LOWE'S COS-BDR    LOWC34 BZ      42,519.0    (15,147)    3,472.0
LUMINAR TECHNOLO  LAZR* MM          552.9     (165.7)      303.7
LUMINAR TECHNOLO  LAZR-RM RM        552.9     (165.7)      303.7
LUMINAR TECHNOLO  L2AZ34 BZ         552.9     (165.7)      303.7
MADISON SQUARE G  MSGS US         1,366.1     (358.5)     (352.9)
MADISON SQUARE G  MS8 GR          1,366.1     (358.5)     (352.9)
MADISON SQUARE G  MSG1EUR EU      1,366.1     (358.5)     (352.9)
MADISON SQUARE G  MS8 TH          1,366.1     (358.5)     (352.9)
MADISON SQUARE G  MS8 QT          1,366.1     (358.5)     (352.9)
MADISON SQUARE G  MS8 GZ          1,366.1     (358.5)     (352.9)
MADISON SQUARE G  MSGE US         1,348.5     (235.2)     (321.1)
MADISON SQUARE G  MSGE1* MM       1,348.5     (235.2)     (321.1)
MANNKIND CORP     NNFN GR           320.3     (251.8)      129.2
MANNKIND CORP     MNKD US           320.3     (251.8)      129.2
MANNKIND CORP     NNFN TH           320.3     (251.8)      129.2
MANNKIND CORP     NNFN QT           320.3     (251.8)      129.2
MANNKIND CORP     MNKDEUR EU        320.3     (251.8)      129.2
MANNKIND CORP     MNKDEUR EZ        320.3     (251.8)      129.2
MANNKIND CORP     NNFN GZ           320.3     (251.8)      129.2
MARKETWISE INC    MKTW* MM          451.9     (246.6)      (49.5)
MARRIOTT - BDR    M1TT34 BZ      25,267.0     (661.0)   (3,995.0)
MARRIOTT INTERNA  MAQD EB        25,267.0     (661.0)   (3,995.0)
MARRIOTT INTERNA  MAQD IX        25,267.0     (661.0)   (3,995.0)
MARRIOTT INTERNA  MAQD I2        25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAQ TH         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAQ GR         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAR US         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAQ QT         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAREUR EU      25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAQ GZ         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAR AV         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   4MAR TE        25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAQ SW         25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAREUR EZ      25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAR* MM        25,267.0     (661.0)   (3,995.0)
MARRIOTT INTL-A   MAR-RM RM      25,267.0     (661.0)   (3,995.0)
MATCH GROUP -BDR  M1TC34 BZ       4,248.9     (299.0)      548.1
MATCH GROUP INC   0JZ7 LI         4,248.9     (299.0)      548.1
MATCH GROUP INC   MTCH US         4,248.9     (299.0)      548.1
MATCH GROUP INC   MTCH1* MM       4,248.9     (299.0)      548.1
MATCH GROUP INC   4MGN TH         4,248.9     (299.0)      548.1
MATCH GROUP INC   4MGN GR         4,248.9     (299.0)      548.1
MATCH GROUP INC   4MGN QT         4,248.9     (299.0)      548.1
MATCH GROUP INC   4MGN SW         4,248.9     (299.0)      548.1
MATCH GROUP INC   MTC2 AV         4,248.9     (299.0)      548.1
MATCH GROUP INC   4MGN GZ         4,248.9     (299.0)      548.1
MATCH GROUP INC   MTCH-RM RM      4,248.9     (299.0)      548.1
MBIA INC          MBI US          2,990.0   (1,228.0)        -
MBIA INC          MBJ GR          2,990.0   (1,228.0)        -
MBIA INC          MBJ TH          2,990.0   (1,228.0)        -
MBIA INC          MBJ QT          2,990.0   (1,228.0)        -
MBIA INC          MBI1EUR EU      2,990.0   (1,228.0)        -
MBIA INC          MBI1EUR EZ      2,990.0   (1,228.0)        -
MBIA INC          MBJ GZ          2,990.0   (1,228.0)        -
MCDONALD'S CORP   MDOD EB        52,089.3   (4,854.8)    2,847.3
MCDONALD'S CORP   MDOD IX        52,089.3   (4,854.8)    2,847.3
MCDONALD'S CORP   MDOD I2        52,089.3   (4,854.8)    2,847.3
MCDONALDS - BDR   MCDC34 BZ      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MDO TH         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    4MCD TE        52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MDO GR         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCD* MM        52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCD US         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCD SW         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCD CI         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MDO QT         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCDUSD EU      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCDUSD SW      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCDEUR EU      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MDO GZ         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCD AV         52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCDUSD EZ      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCDEUR EZ      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    0R16 LN        52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCD-RM RM      52,089.3   (4,854.8)    2,847.3
MCDONALDS CORP    MCDCL CI       52,089.3   (4,854.8)    2,847.3
MCDONALDS-CEDEAR  MCDD AR        52,089.3   (4,854.8)    2,847.3
MCDONALDS-CEDEAR  MCDC AR        52,089.3   (4,854.8)    2,847.3
MCDONALDS-CEDEAR  MCD AR         52,089.3   (4,854.8)    2,847.3
MCKESSON CORP     MCK* MM        66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK GR         66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK US         66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK TH         66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK1EUR EU     66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK QT         66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK GZ         66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK SW         66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK1EUR EZ     66,091.0   (1,464.0)   (3,616.0)
MCKESSON CORP     MCK-RM RM      66,091.0   (1,464.0)   (3,616.0)
MCKESSON-BDR      M1CK34 BZ      66,091.0   (1,464.0)   (3,616.0)
MEDIAALPHA INC-A  MAX US            133.0      (99.7)       (9.2)
METTLER-TO - BDR  M1TD34 BZ       3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTD US          3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTO GR          3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTO QT          3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTO GZ          3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTO TH          3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTDEUR EU       3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTD* MM         3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTDEUR EZ       3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTD AV          3,288.7     (105.9)      126.5
METTLER-TOLEDO    MTD-RM RM       3,288.7     (105.9)      126.5
MSCI INC          3HM GR          4,865.5   (1,049.1)      434.7
MSCI INC          MSCI US         4,865.5   (1,049.1)      434.7
MSCI INC          3HM QT          4,865.5   (1,049.1)      434.7
MSCI INC          3HM SW          4,865.5   (1,049.1)      434.7
MSCI INC          MSCI* MM        4,865.5   (1,049.1)      434.7
MSCI INC          MSCIEUR EZ      4,865.5   (1,049.1)      434.7
MSCI INC          3HM GZ          4,865.5   (1,049.1)      434.7
MSCI INC          3HM TH          4,865.5   (1,049.1)      434.7
MSCI INC          MSCI AV         4,865.5   (1,049.1)      434.7
MSCI INC          MSCI-RM RM      4,865.5   (1,049.1)      434.7
MSCI INC-BDR      M1SC34 BZ       4,865.5   (1,049.1)      434.7
N/A               3XD GZ          3,271.2      (21.4)      614.8
N/A               0WKA GZ         1,149.1     (113.7)      509.1
N/A               CPB1 GZ           292.1      (56.7)      115.2
N/A               KK3A GZ           740.6     (438.8)      483.7
N/A               BKJ GZ          2,474.8     (156.3)     (364.5)
N/A               D51 GZ            691.6     (323.5)      274.0
N/A               IM8N GZ         1,324.9     (289.4)      729.8
N/A               J8M GR            146.6     (241.3)        2.7
N/A               BH3 GZ          1,259.9     (670.8)       48.2
N/A               BPF-UEUR EU       146.6     (241.3)        2.7
N/A               BCOD QX       134,281.0    (16,717)   13,873.0
N/A               BCOD QE       134,281.0    (16,717)   13,873.0
N/A               1PTON IM        2,672.8     (371.0)      837.5
N/A               1MO IM         36,469.0   (3,357.0)   (6,991.0)
N/A               1BA IM        134,281.0    (16,717)   13,873.0
N/A               1MAR IM        25,267.0     (661.0)   (3,995.0)
N/A               1STX IM         7,196.0   (1,702.0)      163.0
N/A               1BKNG IM       25,635.0     (625.0)    5,647.0
N/A               1MCD IM        52,089.3   (4,854.8)    2,847.3
N/A               1OGN IM        11,012.0     (589.0)    1,559.0
N/A               1ETSY IM        2,449.2     (622.5)      795.0
N/A               1AZO IM        16,292.6   (4,349.9)   (1,828.8)
N/A               1HPQ IM        37,004.0   (1,069.0)   (6,511.0)
N/A               1LOW IM        42,519.0    (15,147)    3,472.0
N/A               1PM IM         62,927.0   (7,706.0)   (2,354.0)
N/A               1AAL IM        65,711.0   (5,136.0)   (7,672.0)
N/A               1BYND IM          929.2     (362.9)      392.8
N/A               1HLT IM        15,200.0   (1,753.0)   (1,077.0)
NANOSTRING TECHN  NSTG* MM          274.7      (50.6)      134.3
NATHANS FAMOUS    NATH US            65.6      (35.4)       40.0
NATHANS FAMOUS    NFA GR             65.6      (35.4)       40.0
NATHANS FAMOUS    NATHEUR EU         65.6      (35.4)       40.0
NEW ENG RLTY-LP   NEN US            386.2      (64.7)        -
NOVAVAX INC       NVV1 GR         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVAX US         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVV1 TH         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVV1 QT         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVAXEUR EU      1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVV1 GZ         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVV1 SW         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVAX* MM        1,657.2     (678.4)     (461.8)
NOVAVAX INC       0A3S LI         1,657.2     (678.4)     (461.8)
NOVAVAX INC       NVV1 BU         1,657.2     (678.4)     (461.8)
NUTANIX INC - A   NTNX US         2,570.6     (642.2)      818.4
NUTANIX INC - A   0NU GR          2,570.6     (642.2)      818.4
NUTANIX INC - A   NTNXEUR EU      2,570.6     (642.2)      818.4
NUTANIX INC - A   0NU TH          2,570.6     (642.2)      818.4
NUTANIX INC - A   0NU QT          2,570.6     (642.2)      818.4
NUTANIX INC - A   0NU GZ          2,570.6     (642.2)      818.4
NUTANIX INC - A   NTNXEUR EZ      2,570.6     (642.2)      818.4
NUTANIX INC - A   NTNX-RM RM      2,570.6     (642.2)      818.4
NUTANIX INC-BDR   N2TN34 BZ       2,570.6     (642.2)      818.4
O'REILLY AUT-BDR  ORLY34 BZ      13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  OM6 GR         13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  ORLY US        13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  OM6 TH         13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  OM6 QT         13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  ORLY* MM       13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  ORLYEUR EU     13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  OM6 GZ         13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  ORLY AV        13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  ORLYEUR EZ     13,551.8   (1,760.5)   (2,453.4)
O'REILLY AUTOMOT  ORLY-RM RM     13,551.8   (1,760.5)   (2,453.4)
ORGANON & CO      OGN US         11,012.0     (589.0)    1,559.0
ORGANON & CO      7XP TH         11,012.0     (589.0)    1,559.0
ORGANON & CO      OGN-WEUR EU    11,012.0     (589.0)    1,559.0
ORGANON & CO      7XP GR         11,012.0     (589.0)    1,559.0
ORGANON & CO      OGN* MM        11,012.0     (589.0)    1,559.0
ORGANON & CO      7XP GZ         11,012.0     (589.0)    1,559.0
ORGANON & CO      7XP QT         11,012.0     (589.0)    1,559.0
ORGANON & CO      OGN-RM RM      11,012.0     (589.0)    1,559.0
ORGANON & CO      4OGN TE        11,012.0     (589.0)    1,559.0
OSINO RESOURCES   OSN NW             22.7       (2.6)        4.7
OTIS WORLDWI      OTIS US        10,390.0   (4,610.0)        -
OTIS WORLDWI      4PG GR         10,390.0   (4,610.0)        -
OTIS WORLDWI      4PG GZ         10,390.0   (4,610.0)        -
OTIS WORLDWI      OTISEUR EZ     10,390.0   (4,610.0)        -
OTIS WORLDWI      OTISEUR EU     10,390.0   (4,610.0)        -
OTIS WORLDWI      OTIS* MM       10,390.0   (4,610.0)        -
OTIS WORLDWI      4PG TH         10,390.0   (4,610.0)        -
OTIS WORLDWI      4PG QT         10,390.0   (4,610.0)        -
OTIS WORLDWI      OTIS AV        10,390.0   (4,610.0)        -
OTIS WORLDWI      OTIS-RM RM     10,390.0   (4,610.0)        -
OTIS WORLDWI-BDR  O1TI34 BZ      10,390.0   (4,610.0)        -
PAPA JOHN'S INTL  PZZA US           877.6     (459.0)      (54.8)
PAPA JOHN'S INTL  PP1 GR            877.6     (459.0)      (54.8)
PAPA JOHN'S INTL  PZZAEUR EU        877.6     (459.0)      (54.8)
PAPA JOHN'S INTL  PP1 GZ            877.6     (459.0)      (54.8)
PAPA JOHN'S INTL  PP1 TH            877.6     (459.0)      (54.8)
PAPA JOHN'S INTL  PP1 QT            877.6     (459.0)      (54.8)
PAPA JOHN'S INTL  PZZAEUR EZ        877.6     (459.0)      (54.8)
PELOTON INTERA-A  PTON US         2,672.8     (371.0)      837.5
PELOTON INTERA-A  2ON GR          2,672.8     (371.0)      837.5
PELOTON INTERA-A  2ON GZ          2,672.8     (371.0)      837.5
PELOTON INTERA-A  PTONEUR EZ      2,672.8     (371.0)      837.5
PELOTON INTERA-A  PTONEUR EU      2,672.8     (371.0)      837.5
PELOTON INTERA-A  2ON QT          2,672.8     (371.0)      837.5
PELOTON INTERA-A  2ON TH          2,672.8     (371.0)      837.5
PELOTON INTERA-A  PTON* MM        2,672.8     (371.0)      837.5
PELOTON INTERA-A  0A46 LI         2,672.8     (371.0)      837.5
PELOTON INTERA-A  PTON AV         2,672.8     (371.0)      837.5
PELOTON INTERA-A  2ON SW          2,672.8     (371.0)      837.5
PELOTON INTERA-A  PTON-RM RM      2,672.8     (371.0)      837.5
PELOTON INTERACT  4PTON TE        2,672.8     (371.0)      837.5
PETRO USA INC     PBAJ US             0.0       (0.1)       (0.1)
PHATHOM PHARMACE  PHAT US           237.0      (17.8)      202.7
PHILIP MORRI-BDR  PHMO34 BZ      62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM1EUR EU      62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PMI SW         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  4PM TE         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  4I1 TH         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM1CHF EU      62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  4I1 GR         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM US          62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PMIZ IX        62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PMIZ EB        62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  4I1 QT         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  4I1 GZ         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  0M8V LN        62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PMOR AV        62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM* MM         62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM1CHF EZ      62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM1EUR EZ      62,927.0   (7,706.0)   (2,354.0)
PHILIP MORRIS IN  PM-RM RM       62,927.0   (7,706.0)   (2,354.0)
PITNEY BOW-CED    PBI AR          4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBW GR          4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBI US          4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBW TH          4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBIEUR EU       4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBW QT          4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBW GZ          4,422.7     (125.1)      (23.0)
PITNEY BOWES INC  PBI-RM RM       4,422.7     (125.1)      (23.0)
PLANET FITNESS I  P2LN34 BZ       2,944.8     (164.9)      267.3
PLANET FITNESS I  PLNT* MM        2,944.8     (164.9)      267.3
PLANET FITNESS-A  PLNT US         2,944.8     (164.9)      267.3
PLANET FITNESS-A  3PL TH          2,944.8     (164.9)      267.3
PLANET FITNESS-A  3PL GR          2,944.8     (164.9)      267.3
PLANET FITNESS-A  3PL QT          2,944.8     (164.9)      267.3
PLANET FITNESS-A  PLNT1EUR EU     2,944.8     (164.9)      267.3
PLANET FITNESS-A  PLNT1EUR EZ     2,944.8     (164.9)      267.3
PLANET FITNESS-A  3PL GZ          2,944.8     (164.9)      267.3
PROS HOLDINGS IN  PH2 GR            431.9      (54.9)       42.5
PROS HOLDINGS IN  PRO US            431.9      (54.9)       42.5
PROS HOLDINGS IN  PRO1EUR EU        431.9      (54.9)       42.5
PTC THERAPEUTICS  PTCT US         1,259.9     (670.8)       48.2
PTC THERAPEUTICS  BH3 GR          1,259.9     (670.8)       48.2
PTC THERAPEUTICS  P91 TH          1,259.9     (670.8)       48.2
PTC THERAPEUTICS  P91 QT          1,259.9     (670.8)       48.2
RAPID7 INC        RPD US          1,399.3     (161.6)       28.3
RAPID7 INC        R7D GR          1,399.3     (161.6)       28.3
RAPID7 INC        RPDEUR EU       1,399.3     (161.6)       28.3
RAPID7 INC        R7D SW          1,399.3     (161.6)       28.3
RAPID7 INC        R7D TH          1,399.3     (161.6)       28.3
RAPID7 INC        RPD* MM         1,399.3     (161.6)       28.3
RAPID7 INC        R7D GZ          1,399.3     (161.6)       28.3
RAPID7 INC        R7D QT          1,399.3     (161.6)       28.3
RE/MAX HOLDINGS   RMAX US           597.9      (63.3)       21.3
RE/MAX HOLDINGS   2RM GR            597.9      (63.3)       21.3
RE/MAX HOLDINGS   RMAXEUR EU        597.9      (63.3)       21.3
REC SILICON ASA   RECSI NO          443.6      (12.4)      106.6
REC SILICON ASA   RECSIO IX         443.6      (12.4)      106.6
REC SILICON ASA   REC EU            443.6      (12.4)      106.6
REC SILICON ASA   RECSIO EB         443.6      (12.4)      106.6
REC SILICON ASA   REC SS            443.6      (12.4)      106.6
REC SILICON ASA   RECSIO PO         443.6      (12.4)      106.6
REC SILICON ASA   REC EZ            443.6      (12.4)      106.6
REC SILICON ASA   REC EP            443.6      (12.4)      106.6
REC SILICON ASA   RECSIO QE         443.6      (12.4)      106.6
REC SILICON ASA   RECSIO T1         443.6      (12.4)      106.6
REC SILICON ASA   RECSIO I2         443.6      (12.4)      106.6
REC SILICON ASA   RECO S4           443.6      (12.4)      106.6
REC SILICON ASA   RECSIO BQ         443.6      (12.4)      106.6
RED ROBIN GOURME  RRGB US           777.3       (8.7)      (91.4)
RED ROBIN GOURME  RRN GR            777.3       (8.7)      (91.4)
RED ROBIN GOURME  RRGBEUR EU        777.3       (8.7)      (91.4)
RED ROBIN GOURME  RRN GZ            777.3       (8.7)      (91.4)
REVANCE THERAPEU  RVNC US           532.5     (106.2)      306.4
REVANCE THERAPEU  RTI GR            532.5     (106.2)      306.4
REVANCE THERAPEU  RTI QT            532.5     (106.2)      306.4
REVANCE THERAPEU  RVNCEUR EU        532.5     (106.2)      306.4
REVANCE THERAPEU  RTI TH            532.5     (106.2)      306.4
REVANCE THERAPEU  RTI GZ            532.5     (106.2)      306.4
RH                RH US           4,240.6     (333.2)      351.9
RH                RS1 GR          4,240.6     (333.2)      351.9
RH                RH* MM          4,240.6     (333.2)      351.9
RH                RHEUR EU        4,240.6     (333.2)      351.9
RH                RS1 TH          4,240.6     (333.2)      351.9
RH                RS1 GZ          4,240.6     (333.2)      351.9
RH                RHEUR EZ        4,240.6     (333.2)      351.9
RH                RS1 QT          4,240.6     (333.2)      351.9
RH - BDR          R2HH34 BZ       4,240.6     (333.2)      351.9
RIMINI STREET IN  RMNI US           335.0      (53.1)      (56.7)
RINGCENTRAL IN-A  RNG US          2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  3RCA GR         2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  RNGEUR EU       2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  3RCA TH         2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  3RCA QT         2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  RNGEUR EZ       2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  RNG* MM         2,182.5     (285.0)      447.0
RINGCENTRAL IN-A  3RCA GZ         2,182.5     (285.0)      447.0
RINGCENTRAL-BDR   R2NG34 BZ       2,182.5     (285.0)      447.0
SABRE CORP        SABR US         4,741.7   (1,267.9)      288.1
SABRE CORP        19S GR          4,741.7   (1,267.9)      288.1
SABRE CORP        19S TH          4,741.7   (1,267.9)      288.1
SABRE CORP        19S QT          4,741.7   (1,267.9)      288.1
SABRE CORP        SABREUR EU      4,741.7   (1,267.9)      288.1
SABRE CORP        SABREUR EZ      4,741.7   (1,267.9)      288.1
SABRE CORP        19S GZ          4,741.7   (1,267.9)      288.1
SBA COMM CORP     4SB GR         10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     SBAC US        10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     4SB TH         10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     4SB QT         10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     SBACEUR EU     10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     4SB GZ         10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     SBAC* MM       10,334.2   (5,131.4)     (203.2)
SBA COMM CORP     SBACEUR EZ     10,334.2   (5,131.4)     (203.2)
SBA COMMUN - BDR  S1BA34 BZ      10,334.2   (5,131.4)     (203.2)
SCOTTS MIRACLE    SCQA GR         3,413.7     (267.3)      624.1
SCOTTS MIRACLE    SMG US          3,413.7     (267.3)      624.1
SCOTTS MIRACLE    SCQA QT         3,413.7     (267.3)      624.1
SCOTTS MIRACLE    SCQA TH         3,413.7     (267.3)      624.1
SCOTTS MIRACLE    SCQA GZ         3,413.7     (267.3)      624.1
SEAGATE TECHNOLO  S1TX34 BZ       7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  STXN MM         7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  STX US          7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  847 GR          7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  847 GZ          7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  STX4EUR EU      7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  847 TH          7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  STXH AV         7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  847 QT          7,196.0   (1,702.0)      163.0
SEAGATE TECHNOLO  4STX TE         7,196.0   (1,702.0)      163.0
SEAWORLD ENTERTA  SEAS US         2,575.5     (252.4)      (30.6)
SEAWORLD ENTERTA  W2L GR          2,575.5     (252.4)      (30.6)
SEAWORLD ENTERTA  W2L TH          2,575.5     (252.4)      (30.6)
SEAWORLD ENTERTA  SEASEUR EU      2,575.5     (252.4)      (30.6)
SEAWORLD ENTERTA  W2L QT          2,575.5     (252.4)      (30.6)
SEAWORLD ENTERTA  W2L GZ          2,575.5     (252.4)      (30.6)
SIRIUS XM HO-BDR  SRXM34 BZ      10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  SIRI US        10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  RDO TH         10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  RDO GR         10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  RDO QT         10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  SIRIEUR EU     10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  RDO GZ         10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  SIRI AV        10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  SIRIEUR EZ     10,129.0   (2,893.0)   (2,117.0)
SIRIUS XM HOLDIN  SIRI* MM       10,129.0   (2,893.0)   (2,117.0)
SIX FLAGS ENTERT  SIX US          2,717.1     (335.3)     (280.1)
SIX FLAGS ENTERT  6FE GR          2,717.1     (335.3)     (280.1)
SIX FLAGS ENTERT  SIXEUR EU       2,717.1     (335.3)     (280.1)
SIX FLAGS ENTERT  6FE TH          2,717.1     (335.3)     (280.1)
SIX FLAGS ENTERT  6FE QT          2,717.1     (335.3)     (280.1)
SIX FLAGS ENTERT  S2IX34 BZ       2,717.1     (335.3)     (280.1)
SLEEP NUMBER COR  SNBR US           961.0     (420.7)     (721.3)
SLEEP NUMBER COR  SL2 GR            961.0     (420.7)     (721.3)
SLEEP NUMBER COR  SNBREUR EU        961.0     (420.7)     (721.3)
SLEEP NUMBER COR  SL2 TH            961.0     (420.7)     (721.3)
SLEEP NUMBER COR  SL2 QT            961.0     (420.7)     (721.3)
SLEEP NUMBER COR  SL2 GZ            961.0     (420.7)     (721.3)
SONDER HOLDINGS   SOND* MM        1,716.3     (192.7)      (96.0)
SPARK I ACQUISIT  SPKLU US            1.2       (3.0)       (4.0)
SPARK I ACQUISIT  SPKL US             1.2       (3.0)       (4.0)
SPIRIT AEROSYS-A  S9Q GR          6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  SPR US          6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  S9Q TH          6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  SPREUR EU       6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  S9Q QT          6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  S9Q SW          6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  SPREUR EZ       6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  S9Q GZ          6,538.1     (855.7)      971.2
SPIRIT AEROSYS-A  SPR-RM RM       6,538.1     (855.7)      971.2
SQUARESPACE -BDR  S2QS34 BZ         904.9     (288.0)     (204.6)
SQUARESPACE IN-A  SQSP US           904.9     (288.0)     (204.6)
SQUARESPACE IN-A  8DT GR            904.9     (288.0)     (204.6)
SQUARESPACE IN-A  8DT GZ            904.9     (288.0)     (204.6)
SQUARESPACE IN-A  SQSPEUR EU        904.9     (288.0)     (204.6)
SQUARESPACE IN-A  8DT TH            904.9     (288.0)     (204.6)
SQUARESPACE IN-A  8DT QT            904.9     (288.0)     (204.6)
STARBUCKS CORP    SBUX US        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX* MM       29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRB TH         29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRB GR         29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX CI        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX SW        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRB QT         29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX PE        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUXUSD SW     29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRB GZ         29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX AV        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    4SBUX TE       29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUXEUR EU     29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    1SBUX IM       29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUXEUR EZ     29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    0QZH LI        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX-RM RM     29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUXCL CI      29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SBUX_KZ KZ     29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRBD BQ        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRBD EB        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRBD IX        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS CORP    SRBD I2        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS-BDR     SBUB34 BZ      29,445.5   (7,987.8)   (2,041.9)
STARBUCKS-CEDEAR  SBUX AR        29,445.5   (7,987.8)   (2,041.9)
STARBUCKS-CEDEAR  SBUXD AR       29,445.5   (7,987.8)   (2,041.9)
SYMBOTIC INC      SYM US          1,050.7       (2.7)      (33.7)
TORRID HOLDINGS   CURV US           509.5     (209.2)      (36.1)
TRANSDIGM - BDR   T1DG34 BZ      19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   T7D GR         19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   TDG US         19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   T7D QT         19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   TDGEUR EU      19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   T7D TH         19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   TDG* MM        19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   TDGEUR EZ      19,970.0   (1,978.0)    5,159.0
TRANSDIGM GROUP   TDG-RM RM      19,970.0   (1,978.0)    5,159.0
TRAVEL + LEISURE  WD5A GR         6,655.0     (997.0)      648.0
TRAVEL + LEISURE  TNL US          6,655.0     (997.0)      648.0
TRAVEL + LEISURE  WD5A TH         6,655.0     (997.0)      648.0
TRAVEL + LEISURE  WD5A QT         6,655.0     (997.0)      648.0
TRAVEL + LEISURE  WYNEUR EU       6,655.0     (997.0)      648.0
TRAVEL + LEISURE  0M1K LI         6,655.0     (997.0)      648.0
TRAVEL + LEISURE  WD5A GZ         6,655.0     (997.0)      648.0
TRAVEL + LEISURE  TNL* MM         6,655.0     (997.0)      648.0
TRINSEO PLC       TSE US          3,271.2      (21.4)      614.8
TRINSEO PLC       3XD GR          3,271.2      (21.4)      614.8
TRINSEO PLC       TSE3EUR EU      3,271.2      (21.4)      614.8
TRIUMPH GROUP     TG7 GR          1,673.1     (668.2)      582.6
TRIUMPH GROUP     TGI US          1,673.1     (668.2)      582.6
TRIUMPH GROUP     TGIEUR EU       1,673.1     (668.2)      582.6
TRIUMPH GROUP     TG7 TH          1,673.1     (668.2)      582.6
TRIUMPH GROUP     TG7 GZ          1,673.1     (668.2)      582.6
UBIQUITI INC      3UB GR          1,388.1      (63.1)      815.6
UBIQUITI INC      UI US           1,388.1      (63.1)      815.6
UBIQUITI INC      UBNTEUR EU      1,388.1      (63.1)      815.6
UBIQUITI INC      3UB TH          1,388.1      (63.1)      815.6
UNITI GROUP INC   UNIT US         4,981.3   (2,444.4)        -
UNITI GROUP INC   8XC GR          4,981.3   (2,444.4)        -
UNITI GROUP INC   8XC TH          4,981.3   (2,444.4)        -
UNITI GROUP INC   8XC GZ          4,981.3   (2,444.4)        -
UROGEN PHARMA LT  URGN US           193.6      (42.0)      156.3
UROGEN PHARMA LT  UR8 GR            193.6      (42.0)      156.3
UROGEN PHARMA LT  URGNEUR EU        193.6      (42.0)      156.3
VECTOR GROUP LTD  VGR GR          1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGR US          1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGR QT          1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGREUR EU       1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGR SW          1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGREUR EZ       1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGR TH          1,101.0     (773.4)      356.4
VECTOR GROUP LTD  VGR GZ          1,101.0     (773.4)      356.4
VERISIGN INC      VRS TH          1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRS GR          1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRSN US         1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRS QT          1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRSNEUR EU      1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRS GZ          1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRSN* MM        1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRSNEUR EZ      1,695.9   (1,633.4)     (166.6)
VERISIGN INC      VRSN-RM RM      1,695.9   (1,633.4)     (166.6)
VERISIGN INC-BDR  VRSN34 BZ       1,695.9   (1,633.4)     (166.6)
VERISIGN-CEDEAR   VRSN AR         1,695.9   (1,633.4)     (166.6)
WAVE LIFE SCIENC  WVE US            199.9      (32.6)       58.6
WAVE LIFE SCIENC  WVEEUR EU         199.9      (32.6)       58.6
WAVE LIFE SCIENC  1U5 GR            199.9      (32.6)       58.6
WAVE LIFE SCIENC  1U5 TH            199.9      (32.6)       58.6
WAVE LIFE SCIENC  1U5 GZ            199.9      (32.6)       58.6
WAYFAIR INC- A    W US            3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    1WF GR          3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    1WF TH          3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    WEUR EU         3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    1WF QT          3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    WEUR EZ         3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    1WF GZ          3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- A    W* MM           3,360.0   (2,708.0)     (212.0)
WAYFAIR INC- BDR  W2YF34 BZ       3,360.0   (2,708.0)     (212.0)
WEWORK INC-CL A   WE* MM         15,063.0   (3,593.0)   (1,445.0)
WINGSTOP INC      WING US           351.7     (475.4)       65.5
WINGSTOP INC      EWG GR            351.7     (475.4)       65.5
WINGSTOP INC      WING1EUR EU       351.7     (475.4)       65.5
WINGSTOP INC      EWG GZ            351.7     (475.4)       65.5
WINGSTOP INC      EWG TH            351.7     (475.4)       65.5
WINMARK CORP      WINA US            55.5      (34.6)       32.2
WINMARK CORP      GBZ GR             55.5      (34.6)       32.2
WORKIVA INC       WK US           1,149.1     (113.7)      509.1
WORKIVA INC       0WKA GR         1,149.1     (113.7)      509.1
WORKIVA INC       WKEUR EU        1,149.1     (113.7)      509.1
WORKIVA INC       0WKA TH         1,149.1     (113.7)      509.1
WORKIVA INC       0WKA QT         1,149.1     (113.7)      509.1
WPF HOLDINGS INC  WPFH US             0.0       (0.3)       (0.3)
WW INTERNATIONAL  WW US           1,032.3     (675.2)       24.8
WW INTERNATIONAL  WW6 GR          1,032.3     (675.2)       24.8
WW INTERNATIONAL  WW6 TH          1,032.3     (675.2)       24.8
WW INTERNATIONAL  WTWEUR EU       1,032.3     (675.2)       24.8
WW INTERNATIONAL  WW6 QT          1,032.3     (675.2)       24.8
WW INTERNATIONAL  WW6 GZ          1,032.3     (675.2)       24.8
WW INTERNATIONAL  WW6 SW          1,032.3     (675.2)       24.8
WW INTERNATIONAL  WTW AV          1,032.3     (675.2)       24.8
WW INTERNATIONAL  WTWEUR EZ       1,032.3     (675.2)       24.8
WW INTERNATIONAL  WW-RM RM        1,032.3     (675.2)       24.8
WYNN RESORTS LTD  WYR GR         13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYNN* MM       13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYNN US        13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYR TH         13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYR QT         13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYNNEUR EU     13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYR GZ         13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYNNEUR EZ     13,336.3   (1,709.0)    2,517.1
WYNN RESORTS LTD  WYNN-RM RM     13,336.3   (1,709.0)    2,517.1
WYNN RESORTS-BDR  W1YN34 BZ      13,336.3   (1,709.0)    2,517.1
XBP EUROPE HOLDI  XBP US              7.9      (25.4)      (11.6)
YUM! BRANDS -BDR  YUMR34 BZ       6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUM US          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   TGR GR          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   TGR TH          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUMEUR EU       6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   TGR QT          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUM SW          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUMUSD SW       6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   TGR GZ          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUM* MM         6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUM AV          6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUMEUR EZ       6,071.0   (8,190.0)      201.0
YUM! BRANDS INC   YUM-RM RM       6,071.0   (8,190.0)      201.0



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2023.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***