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

              Monday, February 26, 2024, Vol. 28, No. 56

                            Headlines

25350 PLEASANT: Seeks Cash Collateral Access
64-03 REALTY: Voluntary Chapter 11 Case Summary
ADAPTIV RESEARCH: Creditors to Get Proceeds From Liquidation
ALDRICH: Asbestos Claimants Won Fast-Track Texas Two-Step Appeal
ALLERGY ASTHMA: Aaron Cohen Named Subchapter V Trustee

ALLIED RECYCLING: Unsecureds to Split $100K in Subchapter V Plan
ALROD LOGISTICS: Updates Kapitus Servicing Claims Pay; Amends Plan
AMERA RE: Stephen Moriarty Named Subchapter V Trustee
APEX TOOL: Moody's Cuts Rating on Secured First Lien Loans to Caa3
ARDELYX INC: Incurs $66.1 Million Net Loss in 2023

ASE CONSTRUCTION: Hires Francisco Puertas as Real Estate Broker
ATLAS JAMES: Case Summary & 20 Largest Unsecured Creditors
AVENUE DC: Creditors to Get Proceeds From Liquidation
AXALTA COATING: Moody's Hikes CFR to Ba2 & Alters Outlook to Stable
B.I.C. DESIGN: Case Summary & Four Unsecured Creditors

BARKER SLEEP: Hires Elliott Advisory Group LLP as Accountant
BARKER SLEEP: Seeks Cash Collateral Access on Final Basis
BAUDAX BIO: Case Summary & 20 Largest Unsecured Creditors
BBB FOOD: Hires Gilbert Cardona Hernandez as Accountant
BETTER THERAPEUTICS: Hercules Capital Marks $10MM Loan at 22% Off

BIG LOTS: Seeks Fresh Funding Amid Years of Losses
BLACK FORREST: Seeks to Hire JM Cook as Bankruptcy Counsel
BLACK PEARL: Case Summary & 20 Largest Unsecured Creditors
BLUESTONE NATURAL: Voluntary Chapter 11 Case Summary
BOY SCOUTS OF AMERICA: Abuse Victims Wants Bankruptcy Case Paused

BUFFALO STATION: Trustee Files Liquidating Plan
BURGESS BIOPOWER: Greenberg Represents Prepetition Noteholders
BURGESS BIOPOWER: Hits Chapter 11 Bankruptcy in Delaware
C&D TECHNOLOGIES: S&P Alters Outlook to Neg., Affirms 'B-' ICR
CALIFORNIA RESOURCES: Fitch Affirms B+ LongTerm IDR, Outlook Stable

CAMS AUTO: Seeks to Hire John E. Dunlap as Counsel
CANO HEALTH: U.S. Trustee Appoints Creditors' Committee
CARVANA CO: Swings to $150 Million Net Income in 2023
CBS TRUCKING: Ronald Friedman of Rimon Named Subchapter V Trustee
CEDIPROF INC: Amends Sandoz Unsecured Claim Pay Details

CENTRAL GARDEN: Moody's Affirms 'Ba3' CFR, Outlook Stable
CHALLENGE MULTIFAMILY: Hires Cooper & Scully PC as Counsel
CHILDREN'S PLACE: Taps Centerview to Strengthen Cash Reserves
CITGO PETROLEUM: ConocoPhillips Appears as Share Auction Bidder
CLEAN ENERGY: Hires Wesler & Associates, CPA PC as Accountants

CLEAN HARBORS: S&P Affirms 'BB+' ICR, Outlook Stable
CLOVER FAST: Hires M. Davis Group LLC as Auctioneer
COGECO COMMUNICATIONS: S&P Rates New C$275MM Unsecured Notes 'BB+'
COHERENT CORP: Moody's Hikes CFR to Ba2 & Alters Outlook to Stable
COLORADO FOOD: Continued Operations to Fund Plan

COOK & BOARDMAN: S&P Withdraws 'B' Issuer Credit Rating
COST LESS AUTO: Jody Corrales Named Subchapter V Trustee
CREATIVE INVESTORS: Unsecureds Will Get 43% of Claims over 60 Month
CULINARY INNOVATIONS: Hires Dal Lago Law as Counsel
CYANCO INTERMEDIATE 2: S&P Places 'B' ICR on CreditWatch Positive

CYXTERA DC HOLDINGS: $815MM Bank Debt Trades at 73% Discount
DARJEN INC: Unsecureds to be Paid in Full over 60 Months
DIAMOND SPORTS: Guardian, Rangers & New Twins Deals Okayed
DISKIN SYSTEMS: Amy Denton Mayer Named Subchapter V Trustee
DMK PHARMACEUTICALS: U.S. Trustee Appoints Creditors' Committee

DOC LLC: Voluntary Chapter 11 Case Summary
DOMTAR CORP: S&P Downgrades ICR to 'B+', Outlook Negative
DON'S BAREFOOT: Case Summary & Three Unsecured Creditors
EARTH HOUSE: Seeks Approval to Tap Millennium 21 Realty as Realtor
EARTH HOUSE: Seeks to Hire Andre L. Kydala as Bankruptcy Counsel

EAST HARLEM TUTORIAL: S&P Lowers Revenue Bond LT Rating to 'BB'
ENDO INT'L: Binder Updates List of Public School District Creditors
ERCOLE USA: Court OKs Interim Cash Collateral Access
ESCAMBIA OPERATING: Trustee Seeks Approval to Hire Accountants
EYE CARE: Court OKs $8MM DIP Loan from Create Capital

EYEWEAR SHOP: Unsecureds Owed $10K+ to Recover 7.67% in 60 Months
FAIR STATE BREWING: Court OKs Cash Collateral Access Thru March 4
FIRST ACCEPTANCE: A.M. Best Affirms FS C++(Marginal) Rating
FIRST QUANTUM: S&P Rates New Second-Lien Secured Notes 'B'
FLANNERY LLC: Seeks to Hire Brady Law Firm as Counsel

FLOREZ GROUP: Case Summary & 20 Largest Unsecured Creditors
FLUID CONSTRUCTION: Updates Unsecured Claims Pay; Amends Plan
FRANCISCAN FRIARS: Hires George Dooley as Chief Financial Officer
GATOR HOLDCO: S&P Withdraws 'B-' Issuer Credit Rating
GENESIS GLOBAL: McDermott Updates List of Genesis Crypto Creditors

GISOTI PLUMBING: Seeks to Hire Boyle Legal as Bankruptcy Counsel
GRAY TELEVISION: Closes Refinancing, Expansion of Loan Facility
GRAY TELEVISION: Moody's Rates New $625MM Revolver Loans 'Ba3'
HALF LION: Hires Karr Tuttle Campbell as Special Counsel
HALF LION: Hires Palmer & Associates PLLC as Attorney

HALF LION: Hires Palmer & Associates PLLC as Attorney
HIJOLE FOODS: Hires Gilbert Cardona Hernandez as Accountant
HIRERIGHT HOLDINGS: Moody's Puts 'B2' CFR on Review for Downgrade
HORNBLOWER HOLDCO: S&P Downgrades ICR to 'D' on Bankruptcy Filing
HULL ORGANIZATION: Court OKs Cash Collateral Access Thru March 13

HUMANIGEN INC: Committee Hires Kilpatrick Townsend as Co-Counsel
HUMANIGEN INC: Hires Dundon Advisers LLC as Financial Advisor
HUMANIGEN INC: Hires Womble Bond Dickinson (US) as Co-Counsel
HYPERION MATERIALS: S&P Alters Outlook to Neg., Affirms 'B' ICR
INCLAN PAINTING: Files Emergency Bid to Use Cash Collateral

INSIGHT TERMINAL: Terminal Project Lender Fraud Lawsuit Revived
INT ASSOC OF SHEET METAL: Unsecureds to Get 8.6% or 7.1% in Plan
INTERNATIONAL GRANITE: Kathleen DiSanto Named Subchapter V Trustee
KIDDE-FENWAL: Sues Hartford Financial Over PFAS Legal Defense Costs
KING ALPHA: Voluntary Chapter 11 Case Summary

KING WINDSHIELDS: Dawn Maguire Named Subchapter V Trustee
[Redacted Feb. 27, 2024]
LAN CONSTRUCTION: Seeks Cash Collateral Access, DIP Loan
LAND O'LAKES CAPITAL: Fitch Affirms BB+ Rating on Jr. Sub. Notes
LUCKY BUCKS: Chapter 7 Trustee Wants $237 Million Payout Documents

LUMEN TECHNOLOGIES: Appoints Diankha Linear to Board of Directors
LUMEN TECHNOLOGIES: Widens Net Loss to $10.3 Billion in 2023
MAGENTA BUYER: $3.18BB Bank Debt Trades at 39% Discount
MAGENTA BUYER: $750MM Bank Debt Trades at 68% Discount
MARKING SPECIALISTS: Case Summary & 20 Top Unsecured Creditors

MIC GLEN: Moody's Cuts Rating on First Lien Loans to B3
MILLTOO LLC: Unsecureds Will Get 5% of Claims over 3 Years
MODELL'S SPORTING: Ex-CEO Mitchell Modell Loses Insurance Fight
MOREY MACHINING: Seeks to Hire Dal Lago Law as Counsel
N 83RD PROPERTIES: Case Summary & Two Unsecured Creditors

NB DARBY ROW DST: Case Summary & One Unsecured Creditor
NEW WAY DAY: Case Summary & Four Unsecured Creditors
NEWSOME TRUCKING: Court OKs Interim Cash Collateral Access
NORTH CAROLINA THEATRE: Case Summary & 20 Top Unsecured Creditors
OLIVER 889: Nat Wasserstein Named Subchapter V Trustee

OMNI EXCAVATORS: Case Summary & 20 Largest Unsecured Creditors
PAO BAY INVESTMENT: Seeks to Extend Plan Exclusivity to March 22
PINNACLE GRINDING: Hires as Darby Law as Bankruptcy Counsel
POINDEXTER PROPERTIES: $10.9MM Bank Debt Trades at 20% Discount
POINDEXTER PROPERTIES: $16MM Bank Debt Trades at 20% Discount

POLYMER EXTRUSION: Seeks to Extend Plan Exclusivity to March 22
PRESTIGE HOME: Bankruptcy Administrator Unable to Appoint Committee
PRIME MARKETING: Hires Humphrey O'Rourke PLLC as Local Counsel
QUEST SOFTWARE: $765MM Bank Debt Trades at 54% Discount
R & D TIMBER: Seeks Cash Collateral Access

RED CAT: Closes Sale of Consumer Division in $20-Mil. Transaction
RENEE REALTY: Paula Beran of Tavenner Named Subchapter V Trustee
RIGHTWORKS STAFFING: Case Summary & Nine Unsecured Creditors
RITE AID: Expects Plan to Pay 0% to Unsecureds; Files Amended Plan
ROBERTSHAW US: O'Melveny & Myers Represents Ad Hoc Group

ROYAL CARIBBEAN: Moody's Hikes CFR to 'Ba2', Outlook Positive
ROYAL CARIBBEAN: Moody's Rates $1BB Senior Unsecured Notes 'Ba2'
ROYAL CARIBBEAN: S&P Rates New $1BB Senior Unsecured Notes 'BB+'
RRG INC: Hires Klosinski Overstreet LLP as Counsel
RUBY GORDON: Shifts from Chapter 11 Bankruptcy to Liquidation

RV SALES: Hires Behar, Gutt & Glazer P.A. as Counsel
SCF LLC: Seeks to Extend Plan Exclusivity to May 21
SHORE CUSTOM: Nancy Isaacson Named Subchapter V Trustee
SOL AND ROK: Seeks to Hire Legal Partners PSC as Counsel
SPECTACLE BIDCO: S&P Affirms 'B+' ICR, Outlook Stable

SPIKE BODY: Continued Operations to Fund Plan
STAPLES INC: Moody's Affirms 'B3' CFR & Alters Outlook to Negative
STARBOARD HOME: Hires Buddy D. Ford P. A. as Counsel
SWEETWATER GOLF: U.S. Trustee Unable to Appoint Committee
TBD RESTAURANTS: Hires Leavitt Legal Services P.C. as Counsel

TRINSEO PLC: Moody's Lowers CFR to B2, Outlook Remains Negative
UBER TECHNOLOGIES: Moody's Ups CFR & Senior Unsecured Debt to Ba1
ULTIMATE JETCHARTERS: Hires Jetsream Aviation as Special Counsel
ULTIMATE JETCHARTERS: Hires Meaden & Moore as Accountant
UNIVERSAL-1 IMPORTS: Tarek Kiem Named Subchapter V Trustee

VANTAGE DRILLING: S&P Affirms 'CCC+' ICR, Outlook Stable
VOYAGER DIGITAL: McCarter Suit Puts Cos. at Risk of Crypto Advice
WESCO AIRCRAFT: Wants to End Platinum's Fight With Creditors
WINDSOR TERRACE: Plan Exclusivity Period Extended to March 20
WOMEN'S CARE: $120MM Bank Debt Trades at 24% Discount

WORLD AIRCRAFT: Voluntary Chapter 11 Case Summary
XD INDUSTRIES: Court OKs Deal on Cash Collateral Access
YELLOW CORP: Sold $1.89 Billion Real Estate Properties
ZEUUS INC: Incurs $289K Net Loss in First Quarter
ZYMERGEN INC: Seeks to Extend Plan Exclusivity to April 30

[*] January 2024 Chapter 11 Bankruptcy Filings Rose 22% Y/Y
[^] BOND PRICING: For the Week from February 19 to 23, 2024

                            *********

25350 PLEASANT: Seeks Cash Collateral Access
--------------------------------------------
25350 Pheasant Valley LLC asks the U.S. Bankruptcy Court for the
Eastern District of Virginia, Alexandria Division, for authority to
use the cash collateral of Northwest Federal Credit Union,
Mainstreet Bank, and the U.S. Small Business Administration, and
provide adequate protection.

The Debtor requires the use of cash collateral to maintain and
operate its business affairs and pay the Debtor's post-petition
secured and ongoing obligations as and when they come due.

NWFCU may claim a lien on the Debtor's assets and cash collateral
pursuant to 11 U.S.C. Section 363 by a Financing Statement.

The Bank holds a lien against the Debtor's real property by reason
of a Deed of Trust recorded among the Land Records of Loudoun
County and lien against any rents by reason of an Assignment of
Rents recorded among the land records of Loudoun County.

The SBA may claim a lien on the Debtor's assets and cash collateral
by a Financing Statement.

The Debtor proposes that the Creditors, pursuant to 11 U.S.C.
section 363, be granted a valid and perfected lien with the same
priority as held on the Petition Date on all proceeds of the
Creditor's collateral. Replacement Lien will secure the Creditors'
prepetition claim in the amount equal to the amount by which the
value of the pre-petition collateral as of any post-petition date
of determination is less than the value as of the Petition Date.
The Replacement Lien will be in addition to the lien the Creditor
had in the assets and property of the Debtor as of the Petition
Date.

Additional adequate protection is provided to the Creditors through
the Debtor's continued business operations. The Debtor's failure to
continue its operations will negatively impact the value of the
Debtor's business.

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


              About 25350 Pleasant Valley Drive LLC

25350 Pleasant Valley Drive LLC, filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Va. Case No. 23-11983) on December 6, 2023.

John P. Forest, II, Esq., at Forest Law Firm, represents the Debtor
as legal counsel.


64-03 REALTY: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: 64-03 Realty LLC
        64-05 Woodside Avenue, #4E
        Woodside NY 11377

Business Description: 64-03 Realty is a Single Asset Real Estate
                      debtor (as defined in 11 U.S.C. Section
                      101(51B)).

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 24-40820

Judge: Hon. Nancy Hershey Lord

Debtor's Counsel: William Zou, Esq.
                  BILL ZOU & ASSOCIATES PLLC
                  136-20 38 Avenue, Suite 10D
                  Flushing NY 11354
                  Tel: 718-661-9562
                  Email: xfzou@aol.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Wing Fung Chau as manager.

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

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

https://www.pacermonitor.com/view/Y4KVZLI/64-03_Realty_LLC__nyebke-24-40820__0001.0.pdf?mcid=tGE4TAMA


ADAPTIV RESEARCH: Creditors to Get Proceeds From Liquidation
------------------------------------------------------------
Adaptiv Research & Development Group, LLC, filed with the U.S.
Bankruptcy Court for the Middle District of Florida a Plan of
Liquidation for Small Business dated February 19, 2024.

The Debtor is a foreign limited liability company organized in
Tennessee. Between 2021 and 2023, the Debtor was a COVID-19 test
kit wholesaler.

The Debtor ceased operations at some point in 2023, and on
September 22, 2023, the Debtor's authorization to transact business
in Florida was revoked for failure to file an annual report.

Based upon the objections to confirmation, the Debtor concedes
that: (i) the Debtor has not operated during the pendency of this
case; (ii) the Debtor has been unable to resume operations; (iii)
the Debtor lacks working capital, debtor in possession financing,
exit financing or access to enable the Debtor to resume operations;
(iv) the wholesale market for COVID-19 test kit has changed
substantially in the past 2 years creating additional barriers to
resuming profitable operations.

Accordingly, the Debtor files this liquidating plan to permit the
Liquidating Agent to: (i) liquidate the Debtor's remaining assets;
(ii) collect the Debtor's accounts receivables; (iii) investigate,
pursue, settle and collect avoidance and other causes of action;
and (iv) object to and resolve such objections to proofs of claim.

Class 3 consists of all non-priority unsecured claims. Each holder
of an allowed non-priority unsecured claim against shall receive
its pro rata share of any funds available from the liquidation of
any unencumbered assets or any recoveries from any causes of
action, after payment in full of all senior claims. Distributions
to Class 3 creditors will be made by the Liquidating Agent. Class
is impaired by the Plan.

Class 4 is comprised of all equity interest in the Debtor, which
are owned by Wayne Faulkner, Jr., and Vincent M. Tizio, II. Messrs.
Faulkner and Tizio will retain their equity interests in the
Debtor. No distributions will be made to Messrs. Faulkner and Tizio
under the Plan.

This is a liquidating plan as the Debtor has ceased operations. The
sole remaining assets of the estate are cash, accounts receivable,
expired COVID-19 test kits, office equipment, a one-half interest
in a BMW 535, and various causes of action. Proceeds from
unencumbered assets including causes of action will be distributed
to creditors in accordance with the priority scheme set forth in
the Bankruptcy Code.

A full-text copy of the Liquidating Plan dated February 19, 2024 is
available at https://urlcurt.com/u?l=dVZsSR from PacerMonitor.com
at no charge.

Counsel for the Debtor:

     Timothy W. Gensmer, Esq.
     2831 Ringling Blvd., Suite 202A
     Sarasota, Florida 34237
     Phone: (941) 952-9377
     Email: tim@timgensmer.com

       About Adaptiv Research & Development Group

Adaptiv Research & Development Group, LLC, has been in the business
of the purchase, resale and distribution of COVID testing kits at
the wholesale level.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-04227) on Sept. 25,
2023, with up to $50,000 in both assets and liabilities.

Timothy W. Gensmer, Esq., at Timothy W Gensmer, PA, is the Debtor's
legal counsel.


ALDRICH: Asbestos Claimants Won Fast-Track Texas Two-Step Appeal
----------------------------------------------------------------
Randi Love of Bloomberg Law reports that Aldrich Pump LLC asbestos
claimants won approval to immediately ask the Fourth Circuit to
toss the Trane Technologies Plc unit's, Aldrich Pump LLC, Chapter
11 case.

Judge J. Craig Whitley of the US Bankruptcy Court for the Western
District of North Carolina on Friday, Feb. 9, 2024, granted the
claimants' request to fast-track their appeal of his December order
denying their motion to dismiss the case.

                     About Aldrich Pump

Aldrich Pump LLC and Murray Boiler LLC are U.S. subsidiaries of
Trane Technologies, a publicly traded company. Ireland's Trane
Technologies, formerly as Ingersoll Rand plc, is a global climate
innovator that brings efficient and sustainable climate solutions
to buildings, homes, and transportation.  The North American
headquarters of Trane Technologies are located in Davidson, North
Carolina.

Aldrich Pump and Murray Boiler sought Chapter 11 protection (Bankr.
W.D.N.C. Lead Case No. 20-30608) on June 18, 2020. Judge Craig J.
Whitley oversees the cases.

In the petition signed by its chief legal officer, Allan Tananbaum,
Aldrich Pump reported $100 million to $500 million in both assets
and liabilities.

The Debtors tapped Rayburn Cooper & Durham, P.A. and Jones Day as
bankruptcy counsels; Bates White, LLC, Evert Weathersby Houff, and
K&L Gates, LLP as special counsel; AlixPartners, LLP as financial
advisor; and Kurtzman Carson Consultants, LLC as claims and
noticing agent.

The Office of the U.S. Trustee appointed a committee of asbestos
personal injury claimants.  The asbestos committee tapped Robinson
& Cole, LLP and Caplin & Drysdale, Chartered as bankruptcy
counsels.  The committee also selected FTI as its financial advisor
and Legal Analysis Systems, Inc. as its asbestos consultant.

On Oct. 14, 2020, the court entered the order appointing Joseph W.
Grier, III, as legal representative for future asbestos claimants
(FCR).  Mr. Grier tapped Orrick, Herrington & Sutcliffe LLP and
Grier Wright Martinez, PA as bankruptcy counsels; Anderson Kill
P.C. as special insurance counsel; and Ankura Consulting Group,
LLC, as asbestos claims consultant and financial advisor.


ALLERGY ASTHMA: Aaron Cohen Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 21 appointed Aaron Cohen, Esq., a
practicing attorney in Jacksonville, Fla., as Subchapter V trustee
for Allergy, Asthma & Immunology Associates of Central Florida,
P.A.

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

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

The Subchapter V trustee can be reached at:

     Aaron R. Cohen, Esq.
     P.O. Box 4218
     Jacksonville, FL 32201
     Tel: (904) 389-7277
     Email: aaron@arcohenlaw.com

           About Allergy, Asthma & Immunology Associates
                        of Central Florida

Allergy, Asthma & Immunology Associates of Central Florida, P.A.
filed a petition under Chapter 11, Subchapter V of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 24-00650) on February 9, 2024, with
$100,001 to $500,000 in assets and $500,001 to $1 million in
liabilities.

Judge Grace E. Robson oversees the case.

Jeffrey Ainsworth, Esq., and Robert B. Branson, Esq., at
Bransonlaw, PLLC are the Debtor's bankruptcy attorneys.


ALLIED RECYCLING: Unsecureds to Split $100K in Subchapter V Plan
----------------------------------------------------------------
Allied Recycling, Inc., filed with the U.S. Bankruptcy Court for
the Middle District of Florida a Plan of Reorganization under
Subchapter V dated February 15, 2024.

The Debtor is a Florida corporation who operates a recycling
company which historically has purchased, recycled and sold all
types of items consisting of ferrous and non-ferrous metals.

The Plan Proponent's financial projections show that the Debtor
will have projected disposable income of $0 (the "PDI"). This is
because the Debtor does not presently generate sufficient revenue
to fund cleanup work required by the Consent Judgment and has been
completing such cleanup only with contributions by the Debtor's
insiders.

The Debtor anticipates that its PDI, without insider contributions,
would not be sufficient to pay administrative expenses and
unsecured creditors; however, insiders of the Debtor have agreed to
make contributions in the following amounts in full if allowed and
necessary: approximately $10,000.00 to administrative claimants,
and $100,000.00 to holders of Allowed Unsecured Claims. The plan
payments for the unsecured class and holders of administrative
expenses will be paid within 30 days after the effective date.

This Plan of Reorganization proposes to pay creditors of the Debtor
from cash on hand, ongoing income received from operations and, if
necessary, capital contributions from the Debtor's equity owner,
Chester Adamson.

Class 3 consists if non-priority unsecured creditors. These claims
are impaired. The Debtor will provide a pot or fund of $100,000.00,
which will be distributed to holders of allowed unsecured claims
pro-rata. This fund will be created and paid within 30 days after
the effective date.

Class 5 consists of equity security holders of the Debtor. The 100%
equity interest of Chester Adamson shall be re-vested in return for
cancellation of all insider unsecured loans of Chester Adamson, and
Chester Adamson's agreement to fund operational shortfalls of the
Debtor going forward.

The Debtor's Plan will be funded by the continued operation of the
Debtor, cash on hand, ongoing income received from operations and,
if necessary, capital contributions or leans from the Debtor's
insiders.

A full-text copy of the Plan of Reorganization dated February 15,
2024 is available at https://urlcurt.com/u?l=IgFsQt from
PacerMonitor.com at no charge.

Debtor's Counsel:

        Leon Williamson, Esq.
        WILLIAMSON LAW FIRM
        306 S Plant Ave Ste B
        Tampa, FL 33606
        Tel: (813) 385-7877
        E-mail: leon@lwilliamsonlaw.com

                    About Allied Recycling

Allied Recycling, Inc. is a Florida corporation who operates a
recycling company which historically has purchased, recycled and
sold all types of items consisting of ferrous and non-ferrous
metals.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-01400) on Nov. 17,
2023, with $2,134,337 in assets and $9,675,029 in liabilities. Todd
Adamson, vice-president, signed the petition.

Judge Caryl E. Delano oversees the case.

Leon Williamson, Esq., at Williamson Law Firm represents the Debtor
as bankruptcy counsel.


ALROD LOGISTICS: Updates Kapitus Servicing Claims Pay; Amends Plan
------------------------------------------------------------------
Alrod Logistics, Inc., submitted an Amended Subchapter V Plan of
Reorganization dated February 15, 2024.

This Plan of Reorganization proposes to pay unsecured creditors of
the Debtor all disposable income during months 1-60 from future
income of the Debtor derived from income generated from the
business that the Debtor owns in order to obtain a discharge.

This Plan provides for 18 class(es) of secured claims, 2 Classes of
Priority Claims and 1 class of unsecured claims. Unsecured
creditors holding allowed claims will receive distributions which
the proponent of this Plan has valued at approximately 1 cents on
the dollar based upon current projections of disposable income.

Class 17 consists of the Claim of Kapitus Servicing, Inc. The
Allowed Kapitus Secured Claim shall be paid over 66 consecutive
months, amortized at 8% interest, with monthly payments in the
amount of $1,334.38 beginning on the first day of the month
immediately following the entry of a confirmation order, and shall
be made on the same day of each month for 66 consecutive months.
The balance of the Kapitus Claim shall be treated as an allowed
unsecured claim under Class 20. All terms of stipulation between
the parties incorporated into this Plan Order Granting Motion to
Value.

All unsecured claims allowed under Section 502 of the Code. In
accordance with Section 1190(2) of the Bankruptcy Code this Plan
provides for the submission of all or such portion of the future
earnings or other future income of the debtor to the supervision
and control of the trustee as is necessary for the execution of the
plan. Pursuant to Section 1191(c)(3)(B) of the Bankruptcy Code, the
debtor will liquidate non-exempt assets such as equipment and/or
other personal property if the payments are not made as required by
the Order Confirming the Chapter 11 Plan in this case.

As of the effective date of the plan, pursuant to Section
1191(c)(2)(A), all of the projected disposable income of the debtor
to be received within five years of the first plan payment will be
applied to make payments under the plan. This may result in a
larger distribution to unsecured creditors than stated. The
SubChapter V Trustee shall be responsible for reviewing and
monitoring the disposable income of the debtor through the
Quarterly Operating Reports required to be filed by the Debtor upon
confirmation of this Plan.

Like in the prior iteration of the Plan, the Debtor shall pay the
total amount of unsecured claims at the rate of $500.00 during
months 1-60 of the plan of reorganization for 1% repayment of all
unsecured claims.

This Plan contemplates payments to secured creditors and/or
servicers from property of the estate. Such payments may differ
from the original contractual obligation of the debtor(s) pursuant
to the original contracts. To the extent that such plan payments
are not applied to any modified secured account as contemplated by
the Plan, the Bankruptcy Court shall retain jurisdiction to enforce
the terms of this Plan after confirmation.

For the 60-month term of the plan, Alex Echeverria shall personally
make a yearly contribution of $5,000.00 towards the unsecured
claims in this case, for a total of $25,000.00 over the life of the
plan. The additional distributions will be reflected in the
confirmation order as a portion of the unsecured payment schedule
in this case.

A full-text copy of the Amended Subchapter V Plan dated February
15, 2024 is available at https://urlcurt.com/u?l=vlhRoJ from
PacerMonitor.com at no charge.

Attorneys for Debtor:
   
     Bryan K. Mickler, Esq.
     Law Offices of Mickler & Mickler, LLP
     5452 Arlington Expy.
     Jacksonville, FL 32211
     Telephone: (904) 725-0822
     Facsimile: (904) 725-0855
     Email: bkmickler@planlaw.com

                    About Alrod Logistics

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

Judge Jason A. Burgess oversees the case.

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


AMERA RE: Stephen Moriarty Named Subchapter V Trustee
-----------------------------------------------------
The U.S. Trustee for Region 14 appointed Stephen Moriarty, Esq., at
Fellers, Snider, Blankenship, Bailey & Tippens, P.C., as Subchapter
V trustee for Amera RE.

Mr. Moriarty will be paid an hourly fee of $550 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Stephen J. Moriarty, Esq.
     Fellers, Snider, Blankenship, Bailey & Tippens, P.C.
     100 N. Broadway, Suite 1700
     Oklahoma City, OK 73102
     Telephone: (405) 232-0621
     Facsimile: (405) 232-9659
     Email: smoriarty@fellerssnider.com

                           About Amera RE

Amera RE, a company in Chandler, Ariz., owns and operates Executive
Inn Stillwater hotel.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 24-10314) on Feb. 12,
2024, with $1,659,533 in total assets and $2,581,464 in total
liabilities. Joshua Murakami, owner, signed the petition.

Amanda R. Blackwood, Esq., at Blackwood Law Firm, PLLC serves as
the Debtor's bankruptcy counsel.


APEX TOOL: Moody's Cuts Rating on Secured First Lien Loans to Caa3
------------------------------------------------------------------
Moody's Investors Service downgraded Apex Tool Group, LLC.'s senior
secured first lien bank credit facilities to Caa3 from B3 and its
senior secured second lien term loan to Ca from Caa3. Apex's Caa2
corporate family rating, Caa2-PD probability of default rating are
unchanged. The negative rating outlook is also unchanged.

The rating action reflects Apex's announcement that it had reached
an agreement with a majority of its lenders to meaningfully reduce
its total debt. The transaction includes exchanging Apex's existing
first lien term loan and the second lien term loan to a new Tranche
A and Tranche B first lien term loans at discounted prices and also
establishing additional $125 million of delayed draw term loan,
which will provide additional liquidity. The company will also have
an option to pay a portion of pay-in-kind interest on the new first
lien term loans.

"Moody's consider this transaction a distressed exchange and a
limited default (LD) because the term loan lenders that accept the
exchange will suffer an economic loss relative to the loan's
original promise and any existing loans that are not exchanged will
remain in place with a subordinated position relative to the new
first lien term loans and the delayed draw term loan," said Motoki
Yanase, VP - Senior Credit Officer at Moody's.

Following the closing of the joinder solicitation by February 27,
Moody's would append the /LD designation to Apex's probability of
default rating. Moody's will remove the "/LD" designation from the
company's PDR in approximately three business days after
appending.

Upon closing of the transaction, Moody's will reassess Apex's CFR
and outlook, incorporating the improvement in liquidity and the
company's business prospect for the next two to three years.
Despite expected improvement in liquidity and lower cash interest
after the proposed transaction, potential for upward rating action
is limited given modest improvement in gross leverage. Leverage for
the twelve months that ended September 2023 stood high at about
16x, including Moody's standard adjustments.

The downgrade also reflects governance considerations, including an
aggressive financial policy with high debt load under the private
equity ownership.

RATINGS RATIONALE

Apex's credit profile reflects Moody's expectation of limited cash
flow generation because of weak sales through retail channels for
private label products. Moody's expects Apex's funds from
operations to remain negative in 2023 and 2024, before the positive
impact from lower working capital provides support and keeps free
cash flow around breakeven levels. Low cash flow generation
constrains the company's ability to pay down debt and keeps its
leverage very high. Apex also has a limited room under the revolver
and the securitization program, which expires in 2027 and September
2025, respectively.

These credit weaknesses are counterbalanced against Apex's
strengths, including the geographic diversification of its
business, diverse end-market industries and popular product
brands.

The negative outlook reflects Moody's expectation that recovery in
Apex's credit profile will be limited over the next 12-18 months.

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

Moody's could upgrade the ratings if Apex meaningfully recovers its
profit and attains a more sustainable capital structure. Moody's
also expects the company to achieve at least adequate liquidity
before considering an upgrade.

Moody's could further downgrade the ratings if Apex fails to
improve its sales volume and cash flow generation. A deterioration
in its liquidity, increased likelihood of debt restructuring, and
an expectation of weaker recovery in the event of default could
also lead to a downgrade.

The principal methodology used in these ratings was Manufacturing
published in September 2021.

Apex Tool Group, LLC., headquartered in Charlotte, North Carolina,
is a global manufacturer of hand and power tools for industrial,
commercial, and retail customers. Bain Capital Partners, LLC,
through its affiliates, is the owner of Apex. The company recorded
about $1.4 billion of revenues for the twelve months that ended
September 2023.


ARDELYX INC: Incurs $66.1 Million Net Loss in 2023
--------------------------------------------------
Ardelyx, Inc. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K reporting a net loss of $66.07 million
on $124.45 million of total revenues for the year ended Dec. 31,
2023, compared to a net loss of $67.21 million on $52.16 million of
total revenues for the year ended Dec. 31, 2022.

As of Dec. 31, 2023, the Company had $297.58 million in total
assets, $130.76 million in total liabilities, and $166.82 million
in total stockholders' equity.

As of Dec. 31, 2023, the Company had cash, cash equivalents and
short-term investments of approximately $184.3 million.  The
Company has incurred operating losses since inception in 2007 and
its accumulated deficit as of Dec. 31, 2023 is $846.2 million.

Since December 31, 2021 and prior to September 30, 2023, Ardelyx's
liquidity position raised substantial doubt about the Company's
ability to continue as a going concern.  The Company has addressed
its operating cash flow requirements through cash generated from
product sales of IBSRELA and XPHOZAH, proceeds from the sale of
shares of its common stock under its at-the-market offering, from
the receipt of milestones payments from its collaboration partners
and payments from its Japanese collaboration partner under the
second amendment to its License Agreement, and through funds from
its loan agreements with SLR Investment Corp. (SLR), as amended.
The Company believes its available cash, cash equivalents and
short-term investments as of December 31, 2023 will be sufficient
to fund its planned operations for at least a period of one year
from the issuance of these financial statements.

Management Comments

"Ardelyx enters 2024 with tremendous commercial and operational
momentum.  We finished 2023 with a strong revenue performance as
both IBSRELA and XPHOZAH launches continue to exceed expectations.
We will look to significantly expand our position within their
respective markets in 2024," said Mike Raab, president and chief
executive officer of Ardelyx.  "We have two first-in-class
therapies with strong clinical profiles where patients continue to
have unmet treatment needs.  We will focus on executing our
commercial approach, which has proven to be effective, increasing
our investment in IBSRELA to help more patients and increase market
share, while simultaneously advancing the launch of XPHOZAH."

"We are well-capitalized, we are working to establish a track
record of delivering consistent results, and we believe we have
opportunities for additional value creation in 2024," Mr. Raab
said.

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

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1437402/000162828024006393/ardx-20231231.htm

                        About Ardelyx Inc.

Headquartered in Waltham, Massachusetts, Ardelyx, Inc. --
www.ardelyx.com -- is a biopharmaceutical company founded with a
mission to discover, develop and commercialize innovative,
first-in-class medicines that meet significant unmet medical needs.
The Company developed a unique and innovative platform that
enabled the discovery of new biological mechanisms and pathways to
develop potent, and efficacious therapies that minimize the side
effects and drug-drug interactions frequently encountered with
traditional, systemically absorbed medicines.  Since commencing
operations in October 2007, substantially all the Company's efforts
have been dedicated to its research and development activities,
including developing tenapanor and developing its proprietary drug
discovery and design platform.


ASE CONSTRUCTION: Hires Francisco Puertas as Real Estate Broker
---------------------------------------------------------------
ASE Construction, Inc., seeks approval from the U.S. Bankruptcy
Court for the Central District of California to employ Preferred
Realtor as real estate broker.

The firm's services include:

     a. selling the real property of the estate commonly known as
8420 S. Broadway, Los Angeles, CA 90003.

     b. ordering, analyzing and preparing documentation necessary
to market the Subject Property for sale;

     c. listing the Subject Property for sale on appropriate
listing services based on the nature of the property, responding to
purchase inquiries, and soliciting reasonable offers for the
Subject Property;

     d. conveying all reasonable purchase offers to the Debtor,
advising the Debtor concerning the offers, and subject to the
Debtor's approval, confirming acceptance of offers; and

     e. preparing any and all documents required to consummate the
sale of the Subject Property.

The firm will be paid at the rates of a total commission of 2
percent of the sales price.

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

The firm can be reached at:

     Francisco Puertas
     Preferred Realtor
     14209 Bellflower Blvd.
     Bellflower, CA 90706
     Tel: (562) 212-8406

              About ASE Construction

ASE Construction, Inc., owns duplex property located at 8420 S.
Broadway Los Angeles, Calif., valued at $834,500.

The Debtor filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
23-14986) on Aug. 3, 2023, with $2,703,697 in total assets and
$2,703,697 in total liabilities. Sergio Moreno Morales, chief
executive officer and chief financial officer, signed the
petition.

Judge Neil W. Bason oversees the case.

Anthony O. Egbase, Esq., at A.O.E Law & Associates, APC, is the
Debtor's legal counsel.


ATLAS JAMES: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Atlas James Construction & Fabrication, LLC
        PO Box 7036
        Endicott, NY 13761

Case No.: 24-60117

Business Description: The Debtor is part of the residential  
                      building construction industry.

Chapter 11 Petition Date: February 21, 2024

Court: United States Bankruptcy Court
       Northern District of New York

Judge: Hon. Patrick G. Radel

Debtor's Counsel: Peter A. Orville, Esq.
                  ORVILLE & MCDONALD LAW, P.C.
                  30 Riverside Drive
                  Binghamton, NY 13905
                  Tel: 607-770-1007
                  Fax: 607-770-1110

Total Assets: $127,227

Total Liabilities: $1,475,866

The petition was signed by Stephen J. Donnelly as sole member.

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/HIM3EYQ/Atlas_James_Construction__Fabrication__nynbke-24-60117__0001.0.pdf?mcid=tGE4TAMA


AVENUE DC: Creditors to Get Proceeds From Liquidation
-----------------------------------------------------
The Avenue DC, LLC, filed with the U.S. Bankruptcy Court for the
District of Columbia a Chapter 11 Plan of Liquidation dated
February 15, 2024.

The Debtor is a District of Columbia limited liability company,
which operates a restaurant in the District of Columbia d/b/a "The
Avenue." The Debtor is 100% owned by Timothy Walsh.

The Debtor was formed in 2015, obtained a lease for the premises
upon which it operates in 2017, and commenced operations in 2018
after the completion of a tenant buildout. The Debtor sustained
operations, operating profitably until the pandemic in 2020.

Thereafter the Debtor endeavored mightily to keep the restaurant
operating and remained open until October of 2023, when the
District of Columbia Office of Tax and Revenue ("DC OTR") through
collection enforcement procedures closed the Debtor's business,
causing the Debtor to file this case on November 17, 2023. Upon the
commencement of this case, the Debtor was able to reopen its doors
to the public. However, the period in which the restaurant was
closed caused significant disruptions to business operations from
which it is only now beginning to recover.

Since the bankruptcy case was filed, the Debtor has operated at a
modest loss. The Debtor believes that sale of the restaurant's
assets via an asset purchase agreement in combination with the
assumption and assignment of its lease as an operating concern will
maximize the recovery to its creditors.

The Debtor's primary assets consist of its equipment, accounts
receivable, and deposit accounts, inventory and its deposits and
prepayments. The value of its assets as of the petition date is
estimated:

     * Equipment: As of the Petition Date, the Debtor owned or
leased equipment with a scheduled valuation of $60,000.00.

     * Accounts Receivable: As of the Petition Date, the Debtor had
no accounts receivable.

     * Bank Accounts: As of the Petition Date, the funds in the
Debtor's bank account, less authorized deductions, had $3,030.00.

     * Inventory: As of the Petition Date, the Debtor had
$14,000.00 in scheduled inventory.

     * Deposits and Prepayments: As of the Petition Date, the
Debtor had $30,000.00 in security deposits with its landlord.

The Debtor has scheduled approximately $225,000.00 in Unsecured
Claims of which only the Landlord Claim is subject to cure through
assumption. The Debtor disputes certain of the Unsecured Claims.
Debtor reserves all rights to object to any disputed Unsecured
Claims.

Insofar as the Debtor's intention is to sell substantially all of
its assets and fully liquidate for the benefit of its creditors,
the Plan will be feasible.

Class 5 consists of all Unsecured Claims. Provided that an Allowed
Class 5 Claim has not been paid prior to the Effective Date, or
pursuant to a cure payment to be paid to assume an executory
contract, and except to the extent that a holder of a Class 5 Claim
agrees to a different and lesser treatment, each holder of an
Allowed Class 5 Claim shall receive from the Debtor, in full and
complete settlement, satisfaction and discharge of its Allowed
Class 5 Claim, a pro rata portion of any remaining funds after the
payment of Classes 1-4, Priority Unsecured Tax Claims and
Administrative Expenses 60 days after Effective Date.

The distribution upon Allowed Unsecured Claims is subject to
sufficient funds being available from the sale of the Debtor's
assets to first fund the payments to Classes 1-4, Priority
Unsecured Tax Claims and Administrative Expenses or from a
negotiated carve-out obtained for the benefit of Class 5 Claimants
from creditors having higher priority. Class 5 is impaired under
this Plan and, therefore, Holders of Class 5 Claims are entitled to
vote to accept or reject this Plan.

Class 6 consists of the equity interests in the Debtor. The holder
of the equity interests in the Debtor, Timothy Walsh 100%, will
retain his equity interests on the Effective Date. Holders of
equity interests in the Debtor are unimpaired and not entitled to
vote on the Plan.

All property of the Estate, if any, shall revest in the Debtor on
the Effective Date, free and clear of all other liens, Claims,
interests and encumbrances, except for the liens specifically
preserved or created by this Plan.

A full-text copy of the Chapter 11 Plan dated February 15, 2024 is
available at https://urlcurt.com/u?l=YRHLUu from PacerMonitor.com
at no charge.  

Attorneys for the Debtor:

     Craig M. Palik, Esq.
     Justin P. Fasano, Esq.
     MCNAMEE HOSEA, P.A.
     6404 Ivy Lane, Suite 820
     Greenbelt, MD 20770
     Tel: (301) 441-2420
     Fax: (301) 982-9450
     Email: cpalik@mhlawyers.com
            jfasano@mhlawyers.com

                      About The Avenue DC

The Avenue DC, LLC, is a District of Columbia limited liability
company, which operates a restaurant in the District of Columbia
d/b/a "The Avenue."

The Debtor sought protection for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D.D.C. Case No. 23-00339) on Nov. 17, 2023,
listing up to $50,000 in assets and $500,001 to $1 million in
liabilities.

Judge Elizabeth L Gunn presides over the case.

Craig Palik, Esq. at McNamee Hosea, P.A., is the Debtor's counsel.


AXALTA COATING: Moody's Hikes CFR to Ba2 & Alters Outlook to Stable
-------------------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating and
Probability of Default Rating of Axalta Coating Systems Ltd.
(Axalta) to Ba2 and Ba2-PD, respectively, from Ba3 and Ba3-PD. In
addition, Moody's upgraded the company's USD senior unsecured notes
issued at Axalta Coating Systems, LLC and Axalta Coating Systems
Dutch Holding B B.V. to Ba3 from B1. Moody's affirmed the Ba1
ratings on the senior secured first lien revolver and senior
secured first lien term loan of Axalta's wholly owned subsidiaries
-- Axalta Coating Systems Dutch Holding B B.V., co-borrower Axalta
Coating Systems U.S. Holdings Inc. Axalta's Speculative Grade
Liquidity Rating (SGL) remains at SGL-1. The outlook for all three
issuers has been changed to stable from positive.

"From a credit perspective, 2023 was a good year for Axalta as
financial performance and free cash improved, which allowed the
company to repay debt and strengthen credit metrics, despite a
relatively soft macroeconomic environment," said John Rogers,
Senior Vice President at Moody's and lead analyst for Axalta.

RATINGS RATIONALE

The upgrade reflects the improvement in Axalta's credit metrics,
management's stated intention to lower net leverage to 2.0-2.5x and
the expected improvement in credit metrics over the next 12-18
months. Axalta's Ba2 CFR  profile is supported by its global
leading market position in automotive coatings, the stability in
earnings and cash flow over most of the cycle, strong adjusted
EBITDA margins (above 20%, in most years) and meaningful free cash
flow generation. The company has also been successful over time at
implementing selling price increases to off-set the impact of
volatile raw material prices (e.g., titanium dioxide, additives,
resins, etc.). As of December 31, 2023, Moody's Debt/ EBITDA was
roughly 4.3x and Retained Cash Flow/Debt was 17%. Given Axalta's
elevated cash balance of $700 million, Moody's Net Debt/ EBITDA was
much stronger at 3.6x and Retained Cash Flow/Net Debt was 21%.
Axalta's net leverage, according to its calculation, is even lower
at 2.9x and less than a half of a turn above its target of between
2.0-2.5x. Moody's expects the company to get to its target in 2024,
unless it undertakes a more sizable bolt-on acquisition.

Axalta's credit profile is tempered by management's plan to
undertake debt-financed  acquisitions to augment organic growth and
increase profitability. The company's main end markets, automotive
refinish and OEM vehicle coatings, tend to have relatively low
organic growth rates. Axalta has periodically been able to grow
faster than the market by increasing its market share with
automotive OEMs.

While the unsecured debt ratings were upgraded along with Axalta's
CFR, the Ba1 on Axalta's senior secured first lien revolver and
term loans were affirmed reflecting the proportionate share of
secured debt to unsecured debt in the capital structure. This
senior secured rating could be raised if the company continues to
reduce the amount of senior secured debt in its capital structure.

RATINGS OUTLOOK

The stable outlook reflects a modest further improvement in credit
metrics over the next 12-18 months.

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

Moody's could consider an upgrade with expectations for: (i)
Moody's adjusted Debt/EBITDA falling towards 3.5x (ii) Net
Debt/EBITDA falling towards 3.0x; (iii) Retained Cash Flow/Debt
sustained above 15%; and (iv) Retained Cash Flow/Net Debt sustained
above 20%.

Moody's could consider a downgrade with expectations for (i)
Moody's adjusted Net Debt/EBITDA sustained above 4.0x; (ii)
Retained Cash Flow/Net Debt sustained below 10%; or (iii) Free Cash
Flow/Net Debt sustained below 10%. Significant erosion in the
company's liquidity position or adoption of more aggressive
financial policies could also have negative rating implications.

LIQUIDITY

The SGL-1 Speculative Grade Liquidity Rating is supported by a
substantial cash balance with $700 million of cash on hand at
December 31, 2023 and an undrawn $550 million revolving credit
facility due 2026 with only modest letters of credit ($530 million
available). The credit agreement governing the revolver includes a
maximum first lien leverage ratio test set at 5.5x that is only
tested if revolver borrowings exceed 30% of capacity at the end of
the fiscal quarter.

Axalta Coating Systems Ltd. is one of the world's leading coatings
companies. The company operates two business segments: (i)
Performance Coatings, which accounts for over 66% of sales; and
(ii) Mobility Coatings, which accounts for under 34% of sales.
Headquartered in Philadelphia, Pa., Axalta generated $5.2 billion
of revenue in the twelve months ended December 31, 2023.

The principal methodology used in these ratings was Chemicals
published in October 2023.


B.I.C. DESIGN: Case Summary & Four Unsecured Creditors
------------------------------------------------------
Debtor: B.I.C. Design Company
           f/d/b/a Prestatie Corporation
        130 West 9th Avenue
        Suite 102
        North Kansas City, MO 64116

Business Description: B.I.C. Design provides a full range of fire
                      protection consulting and design services,
                      including field surveys, hydraulic
                      calculations, submittal packages,
                      stocklisting, and 3D/BIM design and
                      coordination.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Western District of Missouri

Case No.: 24-40229

Judge: Hon. Cynthia A. Norton

Debtor's Counsel: Colin Gotham, Esq.
                  EVANS & MULLINIX, P.A.
                  7225 Renner Road, Suite 200
                  Shawnee, KS 66217
                  Tel: (913) 962-8700
                  Fax: (913) 962-8701
                  Email: cgotham@emlawkc.com

Total Assets: $165,748

Total Liabilities: $1,842,355

The petition was signed by John Hansen as president.

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

https://www.pacermonitor.com/view/WQLT3YY/BIC_Design_Company__mowbke-24-40229__0001.0.pdf?mcid=tGE4TAMA


BARKER SLEEP: Hires Elliott Advisory Group LLP as Accountant
------------------------------------------------------------
Barker Sleep Medicine Professionals, PLLC seeks approval from the
U.S. Bankruptcy Court for the Eastern District of Tennessee to
employ Elliott Advisory Group, LLP as accountant.

The firm will provide accounting services to the Debtor in
connection with its restructuring case.

The firm will be paid at the rate of $450 per hour.

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

Eric R. Elliott, a partner at Elliott Advisory Group, LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Eric R. Elliott
     Elliott Advisory Group, LLP
     2076 Lakeside Centre Way
     Knoxville, TN 37922
     Tel: (865) 584-1802

             About Barker Sleep Medicine Professionals, PLLC

Barker Sleep Medicine Professionals, PLLC helps patients suffering
from a sleep disorder.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tenn. Case No. 23-32132) on December
11, 2023. In the petition signed by Rosanne S. Barker, authorized
representative of the Debtor, the Debtor disclosed up to $1 million
in assets and up to $10 million in liabilities.

Judge Suzanne H. Bauknight oversees the case.

Maurice K. Guinn, Esq., at Gentry, Tipton and McLemore, PC,
represents the Debtor as legal counsel.


BARKER SLEEP: Seeks Cash Collateral Access on Final Basis
---------------------------------------------------------
Barker Sleep Medicine Professional, PLLC asks the U.S. Bankruptcy
Court for the Eastern District of Tennessee, Northern Division at
Knoxville for authority to use cash collateral and provide adequate
protection, on a final basis.

The Debtor requires the use of cash collateral to pay ordinary
operating expenses to preserve and protect its business.

Since the entry of the Second Interim Agreed Order, LEAF Capital
Funding, LLC has asserted a first security interest in the Debtor's
accounts receivable. The Debtor, the Subchapter V Trustee and
Pinnacle Bank acknowledge that LEAF Capital Funding, LLC does have
a first lien against the Debtor's accounts receivable to secure
payment of the payments owing under the Agreement, executed January
28, 2020, with the Debtor for the equipment furnished by
Compumedics USA, Inc.

The Debtor has a consensual secured creditor known to it that
asserts a security interest in the Debtor's property, including its
cash collateral. The creditor is Pinnacle Bank, who is owed
approximately $418,275 on the Note as of the Petition Date.

GFE Holdings, Inc.; Kapitus LLC; Legend Funding, Inc.; OnDeck
Capital, Inc.; and Rapid Finance Services (Small Business Financial
Services, LLC) also have an interest in BSMP's accounts receivable.
BSMP maintains the interest of the Other Secured Lenders in its
accounts receivable is inferior to the interest of Pinnacle Bank.

As adequate protection, the Debtor proposes that Pinnacle Bank will
be granted a replacement lien in post-petition cash, money, deposit
accounts, accounts receivable, and a monthly payment to the Bank.

The Debtor proposes adequate protection for the Other Secured
Lenders by means of a replacement lien in post-petition accounts
receivable to the same extent and in the same priority as held in
the Debtor's pre-petition accounts receivable.

Additionally, LEAF Capital Funding, LLC is a creditor with a first
security interest in the Debtor's accounts receivable, which are
cash collateral.

The Debtor will pay to LEAF $4,732 monthly, representing the
payment owing under four Agreements between the Debtor and LEAF. A
$3,000 monthly payment will be made to Pinnacle Bank on the 18th
day of each month pending confirmation of a Plan, but the monthly
payment will be increased to $6,000 for the month following any
month in which the Debtor collects $100,000 or more and to $9,000
for any month following the month in which the Debtor collects
$110,000 or more. The monthly payment will be applied to the
principal owing on the Note held by Pinnacle Bank.

A copy of the final agreed order is available at
https://urlcurt.com/u?l=Jow6qI from PacerMonitor.com.

             About Barker Sleep Medicine Professionals, PLLC

Barker Sleep Medicine Professionals, PLLC helps patients suffering
from a sleep disorder.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Tenn. Case No. 23-32132) on December
11, 2023. In the petition signed by Rosanne S. Barker, authorized
representative of the Debtor, the Debtor disclosed up to $1 million
in assets and up to $10 million in liabilities.

Judge Suzanne H. Bauknight oversees the case.

Maurice K. Guinn, Esq., at Gentry, Tipton and McLemore, PC,
represents the Debtor as legal counsel.


BAUDAX BIO: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Baudax Bio, Inc.
        490 Lapp Road
        Malvern, PA 19355

Business Description: Baudax Bio, Inc. is a biotechnology company
                      focused on developing T cell receptor
                      therapies utilizing human regulatory T
                      cells, as well as a portfolio of clinical
                      stage neuromuscular blocking agents and an
                      associated reversal agent.

Chapter 11 Petition Date: February 22, 2024

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania

Case No.: 24-10583

Judge: Hon. Magdeline D Coleman

Debtor's Counsel: David B. Smith, Esq.
                  SMITH KANE HOLMAN, LLC
                  112 Moores Road
                  Suite 300
                  Malvern, PA 19355
                  Tel: 610-407-7215
                  Fax: 610-407-7218
                  Email: dsmith@skhlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gerri Henwood as chief executive
officer.

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

https://www.pacermonitor.com/view/YNSVZUQ/Baudax_Bio_Inc__paebke-24-10583__0001.0.pdf?mcid=tGE4TAMA


BBB FOOD: Hires Gilbert Cardona Hernandez as Accountant
-------------------------------------------------------
BBB Food Corp. seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to employ Gilbert Cardona Hernandez as
accountant.

The firm will provide these services:

     a. close out Debtor's books as of the date of the filing of
this case, and to open new books as of the next day thereafter;

     b. establish a new bookkeeping system to replace the system
heretofore used by the Debtor;

     c. prepare the periodic statements of the Debtor in
Possession's operation as required by the rules of this court; and

    d. prepare and file Debtor's state and federal tax return for
the fiscal year which ended in the semester prior to the date of
this filing case.

     e. prepare General Ledger and Disbursements Register.

     f. reconcile the account.

     g. prepare Certified Interim, Financial Statements as needed.

     h. prepare annual Financial Statements and Returns.

     i. tax and management counselling.

     j. represent in taxes investigations.

The firm will be paid at $1,000 per month.

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

Gilbert Cardona Hernandez, disclosed in a court filing that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

      Gilbert Cardona Hernandez
      Urb. El Paraiso
      1539 Calle Tamesis
      San Juan Puerto Rico 00926
      Telephone: (787) 452-3678

              About BBB Food Corp

BBB Food Corp sought protection for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 24-00152) on Jan. 19, 2024,
listing $500,001 to $1 million in assets and liabilities.

Juan C Bigas Valedon, Esq. at Juan C Bigas Law Office represents
the Debtor as counsel.


BETTER THERAPEUTICS: Hercules Capital Marks $10MM Loan at 22% Off
-----------------------------------------------------------------
Hercules Capital, Inc has marked its $10,865,000 loan extended to
Better Therapeutics, Inc to market at $8,455,000 or 78% of the
outstanding amount, as of December 31, 2023, according to a
disclosure contained in Hercules Capital's Form 10-K for the fiscal
year ended December 31, 2023, filed with the Securities and
Exchange Commission on February 15, 2024.

Hercules Capital is a participant in a Senior Secured Loan (Prime +
5.70%, Floor rate 8.95%, 5.95% Exit Fee) to Better Therapeutics,
Inc. The loan matures in August 2025.

Hercules Capital, Inc. is a specialty finance company with a focus
on and a goal of providing financing solutions to high-growth,
innovative venture capital-backed and institutional-backed
companies in a variety of technology, life sciences, and
sustainable and renewable technology industries. Hercules is a
Maryland corporation formed in December 2003 that began investment
operations in September 2004. On February 25, 2016, Hercules
changed its name from Hercules Technology Growth Capital, Inc to
Hercules Capital, Inc.

Better Therapeutics, Inc. (NASDAQ: BTTX) a prescription digital
therapeutics company, develops a form of cognitive behavioral
therapy to address the causes of cardiometabolic diseases. The
company's lead product candidate is BT-001, an investigational PDT
platform to treat type 2 diabetes. It also develops software-based
prescription digital therapeutics platform candidates for treating
diabetes, heart disease, and other cardiometabolic conditions. In
addition, the company's clinical development candidates are
intended to treat cardiometabolic diseases, including type 2
diabetes, hypertension, hyperlipidemia, non-alcoholic fatty liver
disease, non-alcoholic steatohepatitis, and chronic kidney disease.
Its product pipeline also includes BT-002, which intends glycemic
control for hypertension; BT-003 to reduce LDL cholesterol in
patients with hyperlipidemia; and BT-004, which intends to explore
the impact of treatment on liver health in patients with
non-alcoholic steatohepatitis/non-alcoholic fatty liver disease.
The company was founded in 2015 and is headquartered in San
Francisco, California.



BIG LOTS: Seeks Fresh Funding Amid Years of Losses
--------------------------------------------------
Eliza Ronalds-Hannon, Reshmi Basu and Jill R. Shah of Bloomberg
News report that off-price home goods retailer Big Lots Inc. has
been seeking new financing as it grapples with years of losses and
dwindling liquidity, according to people with knowledge of the
company's efforts.

The Columbus, Ohio-based chain has been reaching out to bankers and
investors to assess market willingness to provide a new loan, said
the people, who asked not to be named discussing private talks.

A representative for Big Lots declined to comment on the financing
effort, but said the company has taken "significant actions to
enhance our liquidity," and "will continue to evaluate potential
liquidity options."

                      About Big Lots Inc.

Big Lots sells a wide assortment of brand-name and private label
items, such as food, furniture, seasonal items, electronics and
accessories, home decor, toys, and gifts.







BLACK FORREST: Seeks to Hire JM Cook as Bankruptcy Counsel
----------------------------------------------------------
Black Forrest Logistics, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of North Carolina to
employ J.M. Cook, PA.

The Debtor requires legal counsel to:

     (a) prepare legal papers necessary in the Debtor's Chapter 11
case;

     (b) assist the Debtor in evaluating the legal basis for, and
effect of, the various pleadings that will be filed in this Chapter
11 case;

     (c) perform all necessary legal services in connection with
the Debtor's reorganization;

     (d) assist the Debtor in preparing the monthly operating
reports and evaluating and negotiating a plan of reorganization and
disclosure statement;

     (e) commence and prosecute all necessary and appropriate
actions or proceedings on behalf of the Debtor; and

     (f) perform other legal services for the Debtor that may be
necessary and proper in these proceedings and in keeping with its
fiduciary duty.

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

     Attorney    $300
     Paralegal   $175

The firm received a retainer in the amount of $1,800 from the
Debtor.

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

The firm can be reached through:

     J.M. Cook, Esq.
     J.M. Cook, PA
     5886 Faringdon Place, Suite 100
     Raleigh, NC 27609
     Telephone: (919) 675-2411
     Facsimile: (919) 882-1719
     Email: J.M.Cook@jmcookesq.com

                  About Black Forrest Logistics

Black Forrest Logistics, LLC filed Chapter 11 petition (Bankr.
E.D.N.C. Case No. 24-00497) on Feb. 15, 2024, with as much as $1
million in both assets and liabilities. Patrick Touchard,
member-manager, signed the petition.

Judge Joseph N. Callaway oversees the case.

J.M. Cook, PA represents the Debtor as legal counsel.


BLACK PEARL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Black Pearl Home Care LLC
          d/b/a Black Pearl Home Care
        1625 South 17th Street 425
        Wilmington, NC 28401

Business Description: Black Pearl Home Care offers personalized
                      healthcare services in clients' homes,
                      focusing on tailored care and support.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 24-00607

Judge: Hon. Joseph N. Callaway

Debtor's Counsel: George Mason Oliver, Esq.
                  THE LAW OFFICES OF OLIVER & CHEEK, PLLC
                  PO Box 1548
                  New Bern, NC 28563
                  Tel: 252-633-1930
                  Fax: 252-633-1950

Total Assets: $94,088

Total Liabilities: $1,442,760

The petition was signed by Kwame Duff as managing member.

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/5ZRMIYY/Black_Pearl_Home_Care_LLC__ncebke-24-00607__0001.0.pdf?mcid=tGE4TAMA


BLUESTONE NATURAL: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Bluestone Natural Resources II - South Texas, LLC
        1261 Pass Rd.
        Gulfport, MS 39501

Chapter 11 Petition Date: February 22, 2024

Court: United States Bankruptcy Court
       Southern District of Mississippi

Case No.: 24-50223

Judge: Hon. Katharine M. Samson

Debtor's Counsel: Patrick Sheehan, Esq.
                  SHEEHAN AND RAMSEY, PLLC
                  429 Porter Ave
                  Ocean Springs, MS 39564
                  Tel: 228-875-0572
                  Email: Pat@sheehanramsey.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas Swarek as president.

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 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/233YOPQ/Bluestone_Natural_Resources_II__mssbke-24-50223__0001.0.pdf?mcid=tGE4TAMA



BOY SCOUTS OF AMERICA: Abuse Victims Wants Bankruptcy Case Paused
-----------------------------------------------------------------
Kimberly Strawbridge of Bloomberg Law reports that victims of
alleged sex abuse while Boy Scouts are asking the US Supreme Court
to pause the embattled organization's bankruptcy restructuring that
includes a $2.16 billion fund to settle such claims.

In a filing on Friday, February 9, 2024, two groups of individuals
claiming abuse while scouts in the US and Guam over decades asked
the justices to halt the Chapter 11 plan while the court decides
another high profile case involving a bankruptcy settlement to
compensate opioid abuse claims.

                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.


BUFFALO STATION: Trustee Files Liquidating Plan
-----------------------------------------------
David Wallace, in his capacity as Chapter 11 Trustee, submitted an
Amended Combined Disclosure Statement and Chapter 11 Plan of
Liquidation for Buffalo Station, LLC and its Affiliated Debtors
dated February 19, 2024.

Buffalo Station and its Affiliated Debtors were each formed in
February 2021 as Delaware limited liability companies and
subsequently registered with the Secretary of State of Oklahoma,
where each of the Debtors' Apartment Complexes is located.

Much of the events leading to the filing of the Bankruptcy Cases
relate to the Debtors' interactions with Revere, their prepetition
secured lender. In 2021, the Debtors became indebted to Revere
under certain loan and security instruments. The Debtors
subsequently defaulted under those loans, having failed to make a
payment to Revere under such loans since March 1, 2022.

Throughout the Bankruptcy Cases, the Trustee has engaged in
marketing efforts to obtain the highest and best prices for the
Apartment Complexes. After two rounds of bidding, the Trustee filed
his Motion to Sell Apartment Complexes Free and Clear of Liens,
Claims, and Encumbrances Under Section 363 of the Bankruptcy Code.
In this motion, the Trustee seeks approval to sell the Apartment
Complexes to Revere under the terms described more fully therein
(which include a $17.5 million credit bid from Revere) or on more
favorable terms to a third-party and/or Revere as determined as of
the date of the hearing on the motion. A hearing on this motion is
scheduled for March 4, 2024 at 9:30 a.m. before the Bankruptcy
Court.

The Plan is a liquidating Plan designed to maximize the value of
the Estates by the establishment of a Litigation Trust to liquidate
the remaining assets of the Estates, to create reserves for payment
of certain Allowed Claims, to resolve the outstanding Claims
against and Interests in the Debtor, and to coordinate distribution
of the Cash in the Estate and any other proceeds of liquidation in
furtherance of the Plan.

The Plan provides that the Debtors' remaining assets (which,
following the anticipated sale of the Apartment Complexes in the
upcoming months, shall consist primarily of certain causes of
action) will be transferred to the Litigation Trust. The Litigation
Trustee will oversee the liquidation of the remaining assets,
including the litigation of causes of action transferred to the
Litigation Trust. The net proceeds generated by the liquidation of
all such assets will be distributed to creditors in accordance with
the Plan.

The Trustee anticipates that unclassified Allowed Administrative
Claims and Allowed Priority Tax Claims, as well as Class 4 Allowed
Priority Non-Tax Claims will be paid in full to the extent that
such Claims exist. Allowed Secured Claims will be paid to the
extent actually Secured by collateral and, with respect to cash
collateral, in accordance with the terms of the Revere Agreement,
with any Deficiency Claim receiving Class 5 treatment as a General
Unsecured Claim. The Estate assets that remain after satisfaction
of Allowed Administrative Claims, Allowed Priority Tax Claims,
Allowed Priority Non-Tax Claims, Allowed Secured Claims, the
Post-Petition Financing Claim, and any Trustee Fee Remainder Claim,
as well as the costs and expenses incurred by the Litigation
Trustee and/or the Litigation Trust in connection with the
administration of the Litigation Trust will be distributed to the
Holders of General Unsecured Claims.

The Trustee estimates that, under the Plan, Holders of Allowed
General Unsecured Claims will receive an approximate 0% to 10%
recovery on account of those Claims over time through the
Litigation Trust. Recoveries to Holders of Allowed General
Unsecured Claims are dependent on the outcome of net recoveries, if
any, from the Retained Causes of Actions. Such outcome is
speculative and uncertain at this time.

Class 5 consists of General Unsecured Claims. The Plan provides
that Holders of Allowed General Unsecured Claims will receive a
beneficial interest in the Litigation Trust entitling the Holder of
such Litigation Trust Interest to receive, on account of such
Claim, the Holder's Pro Rata Share of any Cash distribution from
the Litigation Trust to Holders of Litigation Trust Interests.
Holders of Allowed General Unsecured Claims will receive this
treatment on or as soon as practicable after the later of (a) the
Effective Date, and (b) the Allowance Date.

On the Effective Date, all Interests in Class 7 will be canceled
and extinguished and Interest Holders will not be entitled to
receive any Distributions on account of such Interests.

Funding for the payments provided for in this Plan shall be made
from the Debtors' available Cash in accordance with the terms of
the Cash Collateral Order and the Revere Agreement and from the
contribution by the Debtors and the Estates to the Litigation Trust
of the Retained Causes of Action, subject to the Post Petition
Financing Claim.

The Confirmation Hearing has been set for April 2, 2024 at 9:30
a.m. before the Bankruptcy Court.

A full-text copy of the Combined Disclosure Statement and Plan
dated February 19, 2024 is available at
https://urlcurt.com/u?l=toRWbs from PacerMonitor.com at no charge.

Counsel to Chapter 11 Trustee:

     Frances Smith, Esq,
     Jessica Lewis, Esq,
     Elizabeth Wirmani, Esq,  
     Ross, Smith & Binford, PC
     700 N. Pearl Street, Suite 161
     Dallas, TX 75201
     Telephone: 214-377-7879
     Email: frances.smith@rsbfirm.com
            jessica.lewis@ rsbfirm.com
            elizabeth.wirmani@rsbfirm.com

       About Buffalo Station

Buffalo Station, LLC -- https://buffalostationapts.com/ -- doing
business as Winchester, is primarily engaged in renting and leasing
real estate properties. The company is based in Burleson, Texas.

Buffalo Station and four affiliates filed petitions for relief
under Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case
No. 22-42943) on Dec. 5, 2022. The affiliates are Premier 82, LLC,
Remington Station, LLC, Ventura Heights, LLC, and Windsor at 82nd
for Pinewood, LLC.

In the petition filed by its managing member, Bo Fontana, Buffalo
Station reported $1 million to $10 million in both assets and
liabilities.

Judge Edward L. Morris oversees the cases.

The Debtors are represented by Joyce W. Lindauer Attorney, PLLC.

David Wallace, the Chapter 11 trustee appointed in the Debtors'
cases, is represented by Ross, Smith & Binford, PC.


BURGESS BIOPOWER: Greenberg Represents Prepetition Noteholders
--------------------------------------------------------------
The law firm Greenberg Traurig, LLP filed a verified statement
pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure
to disclose that in the Chapter 11 cases of Burgess BioPower, LLC,
et al., the firm represents the Prepetition Noteholders.

In or around September 2023, a group formed by certain noteholders
under that certain Note Purchase Agreement dated as of September 2,
2011 (as amended, restated, supplemented, or otherwise modified
from time to time, the "Prepetition Senior Secured NPA") formally
engaged Greenberg Traurig to represent them in connection with a
potential restructuring of the Debtors.

Greenberg Traurig represents only the Noteholders and does not
represent or purport to represent any other individuals or entities
other than the Noteholders with respect to the Chapter 11 Cases. In
addition, none of the Noteholders (a) assumes any fiduciary or
other duties to any other creditor, equity holder or person or (b)
purports to act, represent or speak on behalf of any other entities
in connection with the Chapter 11 Cases.

The Noteholders' address and the nature and amount of disclosable
economic interests held in relation to the Debtors are:

1. The Prudential Insurance Company of America
   c/o Prudential Private Capital ??? Corporate and Project
   Workout
   655 Broad Street, Floor 17S
   Newark, NJ 07102
   * $62,474,036.88

2. Pruco Life Insurance Company
   c/o Prudential Private Capital ??? Corporate and Project
   Workouts
   655 Broad Street, Floor 17S
   Newark, NJ 07102
   * $10,116,000.00

3. Prudential Legacy Insurance Company of New Jersey
   c/o Prudential Private Capital ??? Corporate and Project
   Workouts
   655 Broad Street, Floor 17S
   Newark, NJ 07102
   * $1,719,963.12

4. Pacific Life Insurance Company
   700 Newport Center Drive
   Newport Beach, CA 92660
   Attn: PL Investments
   * $10,800,000.00

5. Pacific Life & Annuity Company
   700 Newport Center Drive
   Newport Beach, CA 92660
   Attn: PL Investments
   * $7,200,000.00

6. Athene Annuity and Life Company f/k/a Aviva Life and
   Annuity Company
   c/o Apollo Global Management Inc.
   Attn: Private Fixed Income
   7700 Mills Civic Parkway
   West Des Moines, IA 50266
   * $21,600,000.00

7. Royal Neighbors of America
   Attn: Lela Bieri
   230 16th Street
   Rock Island, IL 61201
   * $1,440,000.00

Counsel to the Noteholders:

     GREENBERG TRAURIG, LLP
     Dennis A. Meloro, Esq.
     222 Delaware Avenue, Suite 1600
     Wilmington, DE 19801
     Telephone: (302) 661-7000
     Email: Dennis.Meloro@gtlaw.com

     Julia Frost-Davies, Esq.
     GREENBERG TRAURIG, LLP
     One International Place Suite 2000
     Boston, MA 02110
     Telephone: (617) 310-6056
     Email: Julia.FrostDavies@gtlaw.com
     
     Oscar N. Pinkas, Esq.
     Brian E. Greer, Esq.
     Leo Muchnik, Esq.
     GREENBERG TRAURIG, LLP
     One Vanderbilt Avenue
     New York, NY 10017
     Telephone: (212) 801-9200
     Email: pinkaso@gtlaw.com
            greerb@gtlaw.com
            muchnikl@gtlaw.com

                    About Burgess BioPower

The Debtors comprise renewable energy power companies that own and
operate a 75-megawatt biomass-fueled power plant (the "Facility")
located on an approximately 62-acre site in Berlin, New Hampshire
(the "Facility Site").  Berlin Station owns the Facility and the
Facility Site, and Burgess BioPower leases the Facility pursuant to
a long-term lease.  Burgess BioPower also holds the necessary
regulatory licenses for the operation of the Facility.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-10235) on February
9, 2024, with $10 million to $50 million in assets and $100 million
to $500 million in liabilities. Dean Vomero, chief restructuring
officer, signed the petitions.

Judge Laurie Selber Silverstein oversees the case.

The Debtors tapped GIBBONS P.C. as Delaware counsel; FOLEY HOAG LLP
as general bankruptcy counsel; and SSG CAPITAL ADVISORS, L.P. as
investment banker.


BURGESS BIOPOWER: Hits Chapter 11 Bankruptcy in Delaware
--------------------------------------------------------
Amelia Pollard of Bloomberg Law reports that Burgess BioPower LLC,
a wood-fired power plant facility in New Hampshire, filed for
Chapter 11 bankruptcy protection in Delaware on Friday, February 9,
2024, according to a court filing.

The company listed liabilities of as much as $500 million and
assets of as much as $50 million.

The firm uses byproducts from lumber, such as branches and wood
chips, as fuel for its facility, according to its website.

The company employs around 240 people.

                   About Burgess BioPower

Burgess BioPower LLC is a a wood-fired power plant facility in New
Hampshire.

Burgess BioPower LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 24-10235) on Feb. 9, 2024.
In its petition, the Debtor reported liabilities of as much as
$500 million and assets of as much as $50 million.

Bankruptcy Judge Laurie Selber Silverstein oversees the case.

The case is represented by:

     Chantelle D. McClamb, Esq.
     GIBBONS P.C.
     300 Delaware Avenue, Suite 1015
     Wilmington, DE 19801
     Tel: (302) 518-6300
     E-mail: cmcclamb@gibbonslaw.com


C&D TECHNOLOGIES: S&P Alters Outlook to Neg., Affirms 'B-' ICR
--------------------------------------------------------------
S&P Global Ratings revised its outlook on global energy storage
solutions provider C&D Technologies Inc. to negative from stable.
S&P also affirmed its ratings on C&D Technologies, including the
'B-' issuer credit rating.

The negative outlook reflects the potential to lower S&P's rating
by one or more notch if it believes the company cannot successfully
refinance its upcoming maturities before its first-lien term loan
becomes current, or if its S&P Global Ratings-adjusted leverage
materially worsens.

C&D Technologies faces weaker replacement cycle demand and channel
destocking, which we anticipate will continue to impair operating
performance through the first half of 2024. During the
pandemic-era, the company saw strong growth across its business
segments primarily due to greater usage of golf carts and floor
scrubbers. However, this demand accelerated the typical aftermarket
cycle, so fewer replacement batteries were purchased in 2023. In
addition, direct channel customers overpurchased products to
address supply chain disruptions in 2022, causing inventory
destocking in 2023, as was the case for many other capital goods
peers.

As a result, C&D Technologies began experiencing softer revenues in
the beginning of 2023 and a year-over-year decline of about 29% for
the third quarter ended Sept. 30, 2023. While S&P anticipates
sequential improvements in revenue going forward, it will likely
take several quarters for the replacement cycle to normalize,
causing operating performance pressure in at least the first half
of 2024. Additionally, S&P Global Ratings-adjusted last-12-months
(LTM) EBITDA margins have worsened, mainly due to deteriorating
operating leverage from lower sales volumes and the high fixed-cost
nature of the business. For 2024, S&P anticipates EBITDA margins to
improve modestly on greater operating leverage from gradually
increasing sales volumes and the roll-off of costs associated with
the build-out of its lithium business.

A softer high-yield market could make it more difficult for C&D
Technologies to refinance its upcoming debt obligations. While
credit conditions have improved over recent months, the elevated
interest rate environment combined with moderate macroeconomic
uncertainty has made refinancing more difficult for many companies
in the high-yield markets. With the company facing an upcoming
maturity of its subscription facility in December 2024 and its
first-lien term loan in December 2025, our rating and outlook
incorporates the rising financial and liquidity risks as the time
to maturity shortens.

S&P said, "However, we note that the subscription facility is
secured through the capital commitments of KPS Special Situations
Fund IV, an affiliated fund of C&D Technologies' sponsor, and has
been extended multiple times since its origination. Nonetheless, on
the backdrop of worsening operating performance and deteriorating
credit metrics, we view refinancing risk as heightened.

"We expect growing secular trends in lithium-ion based batteries to
provide favorable business prospects going forward and modestly
offset exposure to the lead-acid replacement cycle. Significant
developments in stored energy markets over the past decade have
created strong demand for lithium-based batteries. C&D Technologies
has taken considerable action over the past couple of years to
build out its lithium-based battery capabilities. While we expect
sales of lithium batteries to be less than 5% of total revenues in
2023, there is already a sizable addressable market for
lithium-based golf carts, floor scrubbers, and smaller aerial lift
platforms. Despite moderate costs associated with the buildout of
this business, we anticipate this initiative will provide greater
growth opportunities and higher margins going forward.

"The negative outlook reflects the potential that we could lower
our rating on C&D Technologies by one or more notch if we believe
the company cannot successfully refinance its upcoming maturities
before its first-lien term loan becomes current or if its S&P
Global Ratings-adjusted leverage materially worsens."

S&P could lower its ratings on C&D Technologies if:

-- The company cannot successfully refinance its upcoming debt
maturities within the next six months;

-- Operating performance deteriorates further or a refinancing
transaction increases its debt burden, such that leverage is
sustained above 9x; or

-- FOCF generation worsens and remains consistently negative.

S&P could revise its outlook back to stable if:

-- The company addresses its upcoming debt maturities through a
refinancing or maturity extension such that S&P would not consider
it a distressed exchange or restructuring; and

-- Operating performance improves, such that leverage is sustained
well below 9x, while maintaining adequate liquidity.

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



CALIFORNIA RESOURCES: Fitch Affirms B+ LongTerm IDR, Outlook Stable
-------------------------------------------------------------------
Fitch Rating has affirmed California Resources Corporation's (CRC)
Long-Term Issuer Default Rating (IDR) at 'B+' following the
announced agreement to merge with Aera Energy, LLC (Aera). The
Rating Outlook remains Stable. Fitch has also affirmed the
issue-level ratings for the company's secured reserve-based lending
credit facility (RBL) at 'BB+'/'RR1' and senior unsecured notes at
'BB-'/'RR3'.

Under the terms of the agreement, CRC will merge with Aera in an
all-stock transaction valued at approximately $2.1 billion,
inclusive of Aera's debt. At close, Aera's owners will receive 21.2
million shares of CRC's common stock, equal to approximately 22.9%
of CRC's fully diluted shares.

CRC's ratings reflect its large, low-decline asset base with
exposure to Brent pricing, conservative capital structure, forecast
sub-1.5x mid-cycle leverage, expectations of positive FCF through
the rating horizon and proactive hedging program that limits
downside price risks. These factors are partially offset by the
company's high cost structure, which limits economic drilling
prospects, and exposure to California's stringent regulatory
environment which could disrupt permitting, drilling and financing
options and will still persist following the transaction's close
expected in 2H24.

KEY RATING DRIVERS

Credit-Neutral, Scale-Enhancing Transaction: Fitch believes CRC's
all-stock merger with Aera is neutral to the credit profile. The
transaction is attractively priced at a 2.6x EV/EBITDAX multiple
and will materially increase scale with approximately 76 thousand
barrels of oil equivalent per day (Mboepd) of oil-weighted,
low-decline production in California. Management estimates pro
forma 2024 production at approximately 150 Mboepd (76% oil) and
proved reserves of approximately 680 MMboe (90% proved developed)
with exposure to five of the largest oil fields in the state. Fitch
recognizes the pro forma scale benefits for the company, but CRC
will still be exposed to California's stringent regulatory
environment which could impact drilling and permitting options in
the near and medium term.

Enhanced FCF; Synergy Opportunities: Fitch expects the merger will
nearly double the company's FCF generation and the complementary
nature of the assets provides achievable synergy opportunities.
Management projects pro forma FCF generation of approximately $685
million at strip pricing of approximately $80 Brent and $2.65 Henry
Hub, assuming capex of approximately $450 million. The company has
also identified $150 million of annual synergy potential through
lower operating costs, capital efficiencies, G&A reductions and
optimization of field infrastructure which Fitch believes are
achievable in the near term. Fitch expects CRC will continue to
allocate its FCF toward shareholders via its fixed dividend and
increased $1.35 billion share repurchase program and toward its CM
businesses while maintaining a conservative capital structure.

Near-Term Hedging Protection: Fitch views the pro forma company's
strong near-term hedges positively and will help solidify FCF
generation. Approximately 80% of the pro forma company's oil
production will be hedged at attractive Brent prices at around
$70/bbl which will reduce downside price risks. Fitch expects
hedging will continue, albeit potentially at lower levels, since
CRC's credit facility requires minimum hedging of 50% to 0% with
leverage above 2.0x or below 1.5x, respectively.

High Cost, Low Netback Producer: CRC's cost structure is higher
than most Fitch-rated U.S. onshore E&P peers. Fitch-calculated 3Q23
total cash operating costs (which includes operating costs,
transportation expenses, G&A and production taxes) of $39.60 per
barrel of oil equivalent (boe) remain at the higher-end of Fitch's
aggregate E&P peer group and lead to lower unhedged cash netbacks
and a higher breakeven oil price.

Sub-1.5x Mid-Cycle Leverage: Fitch-calculated gross debt/EBITDA is
forecast to remain below 1.0x in 2024 and 1.5x through the
remainder of the forecast given the company's conservative capital
structure. Fitch believes management could look to refinance a
portion of Aera's debt in the near term through the capital markets
and could use cash on hand for additional debt reduction.

Merger Accelerates Carbon Management Initiatives: Fitch believes
the merger will accelerate the company's CM initiatives through the
addition of surface rights and pore space. CRC continues to advance
its CM businesses, driving management's goal of reliable, safe and
ESG-driven operations. The company's strategic joint venture (JV)
with Brookfield Renewable also helps advance CRC's energy
transition strategy, substantially de-risks its CM funding needs
and should help reach the JV's goals of first CO2 injection by the
end of 2025 and five million metric tons of CO2 storage per annum
(200 million metric tons of total CO2 storage capacity) by the end
of 2027.

Fitch views the JV favorably given its focus on reducing carbon
emissions, Brookfield's significant expertise and investment with
CM projects, and the potential cash flow streams and tax credits
the segment could provide in the medium and long term. Fitch's base
case scenario includes the company's expected capital investments,
but does not include any revenues from CRC's CM businesses given
the uncertainty around timing and magnitude of cash flows along
with the potential for separation of the E&P and CM businesses.

California Regulatory Considerations: California has adopted some
of the most restrictive regulations on in-state produced energy as
the state shifts toward cleaner, more renewable forms of energy.
The state has established limits on greenhouse gas (GHG) emissions,
which decline annually to a target of at least 40% below the 1990
level by 2030. This is in addition to the established policy toward
becoming carbon neutral by 2045. While there is a need to drill in
California to meet the excess demand for oil and gasoline in the
state, Fitch cautions that regulatory and legislative actions in
the state could disrupt drilling, permitting and financing options
for the company.

DERIVATION SUMMARY

Pro forma the merger, CRC will produce approximately 150 Mboepd
(76% oil). The company will be larger than Canadian producer MEG
Energy Corp. (BB-/Stable; 102 Mboepd [100% bitumen]), similar in
size to Baytex Energy Corp. (B+/Positive; 151 Mboepd) and SM Energy
Company (BB-/Stable; 154 Mboepd), but smaller than Permian
Resources Corp. (BB/Positive; pro forma production of approximately
300 Mboepd).

CRC's realized prices are typically higher than peers given the
exposure to premium Brent pricing and the low-decline asset base
leads to lower capital intensity versus peers. This is partially
offset by the company's high cost structure which results in lower
Fitch-calculated unhedged cash netbacks compared to Fitch's
aggregate peer average.

KEY ASSUMPTIONS

- Brent oil prices of $80/bbl in 2024, $70/bbl in 2025, $65/bbl in
2026 and $60/bbl thereafter;

- Henry Hub prices of $3.25/mcf in 2024, $3.00/mcf in 2025 and
$2.75/mcf thereafter;

- Pro forma production of 150 Mboepd followed by flat growth
thereafter;

- Capex of $450 million in 2024 with growth-linked spending
thereafter;

- Measured increases to shareholder returns;

- Announced Aera merger closes in 2H24.

RECOVERY ANALYSIS

KEY RECOVERY RATING ASSUMPTIONS

- The recovery analysis assumes that CRC would be reorganized as a
going-concern in bankruptcy rather than liquidated.

- Fitch has assumed a 10% administrative claim.

Going-Concern (GC) Approach

Fitch's projections under a stressed case price desk, which assumes
Brent oil prices of $50 in 2024, $35 in 2025, $45 in 2026, $48 in
the long term.

The GC EBITDA was increased to $625 million following the announced
transaction and reflects Fitch's view of a sustainable,
post-reorganization EBITDA level upon which Fitch bases the
enterprise valuation, which reflects the decline from current
pricing levels to stressed levels and then a partial recovery
coming out of a troughed pricing environment. Fitch believes a
weakened pricing environment would lead to production declines,
reduce the borrowing base availability and materially erode the
liquidity profile.

An EV multiple of 3.00x EBITDA is applied to the GC EBITDA to
calculate a post-reorganization enterprise value. The choice of
this multiple considered the following factors:

The historical bankruptcy case study exit multiples for peer
companies ranged from 2.8x-7.0x, with an average of 5.2x and a
median of 5.4x;

The multiple reflects the expectation that the value of CRC's oil
producing properties will decline given the company's high cost
structure and reduction in capex to preserve liquidity. The
multiple also considers the stringent California regulatory
environment and highly concentrated market which severely limits
the number of potential buyers and valuation for the assets.

Liquidation Approach

The liquidation estimate reflects Fitch's view of the value of
balance sheet assets that can be realized in sale or liquidation
processes conducted during a bankruptcy or insolvency proceeding
and distributed to creditors.

The revolver is assumed to be 90% drawn upon default with the
expectation that commitments would be reduced during a
redetermination.

The allocation of value in the liability waterfall results in
recovery corresponding to 'RR1' recovery for the first lien RBL
credit facility and a recovery corresponding to 'RR3' for the
senior unsecured notes.

The RBL is assumed to be fully drawn upon default.

RATING SENSITIVITIES

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

- Diversification through meaningful EBITDA generation from CM or
other non-E&P business lines;

- Material E&P diversification outside of California;

- FCF generation that supports the liquidity profile and limited
borrowings under the RBL;

- Commitment to conservative financial policy resulting in
mid-cycle EBITDA leverage sustained below 1.5x.

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

- Unfavorable regulatory actions that result in material production
declines and/or weakened profitability;

- Deteriorating liquidity profile, including material revolver
borrowings and inability to generate positive FCF;

- Mid-cycle EBITDA leverage sustained above 2.0x.

LIQUIDITY AND DEBT STRUCTURE

Strong Liquidity: Pro forma the merger, Fitch expects CRC to
maintain strong liquidity through meaningful availability under its
RBL facility, cash on hand and forecast strong FCF generation.
Management intends to refinance Aera's outstanding debt in the near
term and has also secured a firm commitment for a $500 million
bridge loan to facilitate the transaction close.

ISSUER PROFILE

California Resources Corporation is an integrated public E&P
company that operates solely in California. Pro forma the Aera
transaction, the company will produce approximately 150 Mboepd (76%
oil) and hold more than 1.9 million net mineral acres.

ESG CONSIDERATIONS

CRC has an ESG Relevance Score of '4' for Exposure to Social
Impacts due to the oil and gas sector regulatory environment in
California and its exposure to social resistance, which 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
   -----------               ------         --------   -----
California Resources
Corporation            LT IDR B+  Affirmed             B+

   senior unsecured    LT     BB- Affirmed    RR3      BB-

   senior secured      LT     BB+ Affirmed    RR1      BB+


CAMS AUTO: Seeks to Hire John E. Dunlap as Counsel
--------------------------------------------------
Cams Auto Sales, LLC, seeks approval from the U.S. Bankruptcy Court
for the Western District, District of Tennessee to employ Law
Office of John E. Dunlap as counsel.

The firm will provide these services:

      a. advise the debtor with respect to his powers and duties as
debtor in possession in the continued management and operation of
his business;

      b. attend meeting of creditors and negotiate with
representatives of creditors and other parties in interest and
advise and consult on the conduct of the case, including all of the
legal and administrative requirements of operating in Chapter 11;

     c. take all necessary action to protect and preserve the
debtor's estate, including prosecution of actions on his behalf,
the defense of any actions commenced against him, negotiate
concerning all litigation in which the debtor is involved, and
objections to claims filed against the estate;

     d. prepare on behalf of the debtor all motions, applications,
answers, orders, reports and papers necessary to the administration
of the estate;

     e. negotiate and prepare on the debtor's behalf a plan of
reorganization, disclosure statements, and all related agreements
and documents and take all necessary action on behalf of the debtor
to obtain confirmation of such a plan;

     f. advise the debtor in connection with the sale of assets;

     g. appear before this Court, and any appellate courts, and the
U.S. Trustee and protect the interest of the debtor's estate before
such Court and the U.S. Trustee; and

     h. perform all other necessary legal services and provide all
necessary legal advice to the debtor in connection with this
Chapter 11 case.

The firm will be paid at the rate of $250 per hour, and a retainer
in the amount of $5,000.

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

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

The firm can be reached at:

      John E. Dunlap, Esq.
      LAW OFFICE OF JOHN E. DUNLAP
      3340 Polar Avenue, Suite 320
      Memphis, Tennessee 38111
      Telephone: (901) 320-1603
      Facsimile: (901) 320-6914
      Email: jdunlap00@gmail.com

              About Cams Auto Sales, LLC

Cams Auto Sales, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tenn. Case No. 24-20322) on January 25, 2024,
disclosing under $1 million in both assets and liabilities. The
Debtor is represented by LAW OFFICE OF JOHN E. DUNLAP.


CANO HEALTH: U.S. Trustee Appoints Creditors' Committee
-------------------------------------------------------
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of Cano
Health, Inc. and its affiliates.

The committee members are:

     1. CD Support LLC
        Attn: Ernest Blackwelder
        85 Argonaut, Suite 220
        Aliso Viejo, CA 92656
        Phone: 240-472-1497
        Email: eblackwelder@onsitedental.com

     2. Second Wave Delivery Systems, LLC
        Attn: Elliot Moskow
        9060 W. Cheyenne Ave.
        Las Vegas, NV 89129
        Phone: 954-829-2838
        Email: elliot.moskow@secondwaveds.com

     3. Navina Technologies Ltd.
        Attn: Ohad Shamian
        Menachem Begin 146
        Tel-Aviv, Israel
        Phone: +972-524833902
        Email: hila.ds@navina.ai

     4. 2380-90 NW 7 Street LLC
        Attn: Ric Arcadi
        6924 NW 113th Pl.
        Doral, FL 33178
        Phone: 440-725-3762
        Email: ric@image1group.com

     5. 107 Commercial Property LLC
        Attn: Pablo Szprynger and Myriam Goldsmith
        2260 NW 114th Avenue
        Miami, FL 33172
        Phone: 305-710-5223
        Email: pablo@dgs.group  
               myriam@dgs.group
  
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 Cano Health

Miami-based Cano Health, Inc. and its affiliates are an independent
primary care physician group.

The Debtors filed Chapter 11 petitions (Bankr. D. Del. Lead Case
No. 24-10164) on Feb. 4, 2024. As of Sept. 30, 2023, the Debtors
had total assets of $1,211,931,000 and total debts of
$1,471,032,000.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Richards, Layton & Finger, P.A. and Weil,
Gotshal & Manges, LLP as bankruptcy counsels; Quinn Emanuel
Urquhart & Sullivan, LLP as special counsel; Houlihan Lokey, Inc.
as investment banker; and AlixPartners, LLP as financial advisor.
Kurtzman Carson Consultants, LLC is the claims, notice and
solicitation agent.


CARVANA CO: Swings to $150 Million Net Income in 2023
-----------------------------------------------------
Carvana Co. filed with the Securities and Exchange Commission its
Annual Report on Form 10-K reporting net income of $150 million on
$10.77 billion of net sales and operating revenues for the year
ended Dec. 31, 2023, compared to a net loss of $2.89 billion on
$13.60 billion of net sales and operating revenues for the year
ended Dec. 31, 2022.

As of Dec. 31, 2023, the Company had $7.07 billion in total assets,
$7.45 billion in total liabilities, and a total stockholders'
deficit of $384 million.

"2023 was an exceptional year for Carvana, where our deliberate
focus on efficiency and profitability drove fundamental business
improvements that not only led to our best-ever financial results
but also increased customer NPS throughout the year," says Ernie
Garcia, Carvana founder and chief executive officer.  "Carvana is
stronger than ever.  We are beginning to demonstrate the
differentiated profitability, efficiency and customer experience
benefits of our vertically integrated approach, and have a clear
path toward our goals of becoming the largest and most profitable
automotive retailer and buying and selling millions of cars."

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

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1690820/000169082024000093/cvna-20231231.htm

                           About Carvana

Founded in 2012 and based in Tempe, Arizona, Carvana Co. --
http://www.carvana.com-- is an e-commerce platform for buying and
selling used cars.  The Company is transforming the used car buying
and selling experience by giving consumers what they want -- a wide
selection, great value and quality, transparent pricing, and a
simple, no pressure transaction.  Each element of its business,
from inventory procurement to fulfillment and overall ease of the
online transaction, has been built for this singular purpose.

Carvana reported a net loss of $287 million for the year ended Dec.
31, 2021, and a net loss of $462 million for the year ended Dec.
31, 2020.

                             *   *   *

As reported by the TCR on Sept. 13, 2023, S&P Global Ratings raised
its issuer credit rating on U.S.-based Carvana Co. to 'CCC+' from
'D'. S&P said, "The negative outlook reflects our expectation that
we could downgrade the company if the company's performance were to
deteriorate further such that we believe liquidity would become
constrained or if we believe there is a likelihood the company
could conduct a distressed restructuring over the next 12 months.
The upgrade to 'CCC+' reflects the near-term improvement in the
company's liquidity position, though the capital structure remains
unsustainable."

Moody's Investors Service upgraded Carvana Co.'s corporate family
rating to Caa3 from Ca, the TCR reported on Sept. 22, 2023.
Moody's said the upgrade of Carvana's CFR to Caa3 reflects the
completion of its debt exchange that pushes out some near-term
maturities, reduces outstanding debt and materially reduces cash
interest expense in the two years following the exchange.


CBS TRUCKING: Ronald Friedman of Rimon Named Subchapter V Trustee
-----------------------------------------------------------------
The U.S. Trustee for Region 2 appointed Ronald Friedman, Esq., at
Rimon, PC as Subchapter V trustee for CBS Trucking, Inc.

Mr. Friedman will be paid an hourly fee of $800 for his services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Ronald J. Friedman, Esq.
     Rimon PC
     100 Jericho Quadrangle, Ste. 300
     Jericho, NY 11753
     Email: ronald.friedman@rimonlaw.com

                        About CBS Trucking

CBS Trucking, Inc. is a Newburgh-based company, which operates in
the general freight trucking industry.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. N.Y. Case No. 24-35118) on February 7,
2024, with $301,000 in assets and $1,277,852 in liabilities. Sokol
Bala, president, signed the petition.

Judge Cecelia G. Morris oversees the case.

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


CEDIPROF INC: Amends Sandoz Unsecured Claim Pay Details
-------------------------------------------------------
Cediprof, Inc., submitted an Amended Plan of Reorganization dated
February 15, 2024.

The Debtor is engaged in the research, development, improvement of
bioequivalent medical products.

Class 5 shall consist of the Sandoz claim in the total amount of
$14,579,975.00. On or prior to effective date, in full satisfaction
and release of the Sandoz Claim, the Debtor shall pay Sandoz
$1,000,000 in cash in full satisfaction and release of Sandoz's
claims for FTS Damages and Nondisclosure Damages and assume and
assign Indemnification Agreement to Sandoz in full satisfaction and
release of Sandoz's claims for Lost Profits Damages, consistent
with the terms of the Sandoz Settlement Agreement. This Class is
impaired.

Like in the prior iteration of the Plan, any allowed general
unsecured claim under Class 7 will receive an 8% distribution of
their allowed claim in consecutive equal monthly installments to be
paid within 60 months from the effective date. This Class is
impaired.

Class 9 includes all claims filed, which are not liquidated or
determined as valid claims against the estate or the Debtor and
which are subject to a determination of validity or liquidation by
a court of competent jurisdiction. Once any claim under this class
is determined, it will be considered under the corresponding class,
including but not limited to Class 7, for purposes of treatment
under the Amended Plan.

Any allowed claim under this class will receive an 8% distribution
of their allowed claim in consecutive equal monthly installments to
be paid within 60 months from the effective date, under Class 7.
This class is impaired.

The Debtor will fund the plan with any cash in hand, income
generated from (i) any present or future distribution or licensing
agreements, (ii) collection of accounts receivables from related
parties, (iii) governmental incentive tax credits received during
the term of the Plan, (iv) the development of new ANDAs/NDAs, and
(v) any capital contribution or loans, if needed to be made by
Debtor's shareholders, new shareholders or any related parties.

A full-text copy of the Amended Plan dated February 15, 2024 is
available at https://urlcurt.com/u?l=zjZS9R from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Carmen D. Conde Torres, Esq.
     Law Offices of C. Conde & Assoc.
     254 San Jose Street, 5th Floor
     Old San Juan, PR 00901-1523
     Tel: (787) 729-2900
     Fax: (787) 729-2203
     Email: condecarmen@condelaw.com

                     About Cediprof Inc.

Cediprof, Inc., is a company in Caguas, P.R., which develops,
manufactures, supplies and distributes finished dosage forms of
pharmaceutical products.

Cediprof filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. D.P.R. Case No. 22-03198) on Nov. 4,
2022, with $10 million to $50 million in both assets and
liabilities.

The Debtor tapped Carmen D. Conde Torres, Esq., at the Law Offices
of C. Conde & Assoc. as bankruptcy counsel; RSM Puerto Rico as
accountant; and Colon Conde & Mirandes, LLC as tax credit
consultant.


CENTRAL GARDEN: Moody's Affirms 'Ba3' CFR, Outlook Stable
---------------------------------------------------------
Moody's Investors Service affirmed Central Garden & Pet Company's
Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating,
and the B1 ratings on Central's senior unsecured notes. Moody's
upgraded the company's speculative grade liquidity rating to SGL-1
from SGL-2. The outlook is stable.

The affirmation reflects Central's good market position in US Lawn
and Garden and Pet care. Strong free cash flow generation and very
good liquidity provide Central substantial flexibility to navigate
its highly seasonal business and to execute on its growth through
acquisition strategy. The company's large pet consumables business
also provides good diversification and is a partial mitigant to the
more seasonal  earnings and cash flow volatility in the Garden
segment. Moody's anticipates that the company will maintain
leverage in the 3.5x area and below (3.4x; Moody's adjusted for the
12 months ended December 2023) and that Central remains committed
to its gross debt-to-EBITDA target of 3.0x-3.5x (3.0x, 12 months
ended December 2023 using company calculations pursuant to
Central's compliance certificate governed by the ABL Credit
Agreement). The company's cash position and free cash flow provide
flexibility for the company to pursue acquisitions and modest
levels of shareholder distribution without a material deterioration
to its credit profile.

Moody's upgraded Central's speculative grade liquidity rating to
SGL-1 from SGL-2 due to sizable free cash flow in 2023 that
increased cash. The SGL-1 score indicates very good liquidity and
reflects the company's large cash balance and ample availability on
its asset-based lending credit facility. Cash of $341 million and
$568 million of available capacity on its undrawn $750 million ABL
as of the twelve months ended December 2023 provides significant
cushion for the company to meet seasonal working capital investment
and capital expenditure requirements.  Moody's also anticipates
annual free cash flow of roughly $210-$220 million in fiscal 2024.

RATINGS RATIONALE

Central's Ba3 CFR captures its moderately high leverage relative to
the seasonality of earnings and cash flow, sensitivity to weather
patterns and chemical prices, and acquisitive growth strategy. The
company's use of fertilizers, pesticides, and other specialty
chemicals expose the credit profile to environmental and societal
risks as consumers have shown an increasing preference for
organics. The rating is supported by Central's strong brand
recognition and market position, which affords the company
advantageous relationships with major retailers and reduces risks
stemming from its high customer concentration. Central holds #1 and
#2 market shares across various pet, lawn and garden products in
the US, although some categories are narrow. The company's 3.0x to
3.5x gross leverage target (based on the company's calculation;
3.0x as of December 30, 2023) is somewhat high given the business
volatility but can be managed if the company maintains at least
good liquidity. The company also has a track record of operating
below this range and its financial flexibility is supported by
generally strong free cash flow and very good liquidity. Central's
portfolio of consumer oriented and largely consumable products is
resilient through economic downturns and the steadier pet business
helps mitigate the consolidated effect of weather related declines
in the Garden segment. Nevertheless, profitability is being
negatively impacted by the rise in grains, chemicals, and
transportation costs and is susceptible to consumers economizing
spending when household income weakens.

Leverage has remained relatively steady despite Central navigating
softer consumer demand and lower retailer inventory replenishment.
Moody's expects that the EBITDA margin will decline slightly in
fiscal 2024 but that credit metrics will remain relatively stable.
Higher promotional activity, lower retailer inventory
replenishment, and lower consumer spending is expected to weigh on
sales. Central is also working down its remaining inventory that
was purchased when commodity prices were significantly higher.
However, Moody's expects moderating input costs and cost savings
from efficiency initiatives will help mitigate margin pressures
particularly in the second half of the year. Moody's sees
debt-EBITDA of around 3.6x at year-end 2024 (3.4x; currently for
the twelve months ending December 2023).

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

The stable outlook reflects Moody's expectation that the EBITDA
margin and free cash flow will remain solid despite softer consumer
demand and pricing pressure across various product categories. The
outlook also reflect the company's very good liquidity that
provides Central flexibility to execute on growth and margin
strategies. Moody's anticipates continued commitment to the
company's 3.0-3.5x leverage target and subsequent deleveraging
following new acquisitions.

The ratings could be upgraded if the company generates consistent
organic revenue growth and improves its EBITDA margin. An upgrade
would also require debt-EBITDA sustained below 2.75x outside of
seasonal borrowings, strong free cash flow generation, and at least
good liquidity.

The ratings could be downgraded if profitability, free cash flow,
or liquidity deteriorate for any reason including a decline in the
company' market share, cost increases that are not offset through
pricing, or acquisition integration challenges. Debt-to-EBITDA
leverage sustained above 3.75x (outside of season borrowings), or
debt-funded acquisitions or shareholder distributions could also
result in a downgrade.

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE FACTORS

Central Garden and Pet's CIS-3 credit impact score indicates that
ESG considerations have a limited impact on the current credit
rating with potential for greater negative impact over time. The
CIS score reflects relatively balanced exposure to environmental,
social and governance risks. The CIS score account for the
company's exposure to environmental risks through the use of
fertilizers, pesticides, and specialty chemicals and social risks
related to responsible production. As a consumer good company,
Central Garden & Pet is also exposed to demographic and social
trends as the company is susceptible to consumer activism with
sensitivities to managing consumer preferences around ingredients
in pet care products and the use of chemicals and in garden and
lawn care. Governance risk reflects use of high leverage and
periodic debt-funded acquisitions, as well as concentrated control
related the company's dual class of stock and 55% voting ownership
by the Chairman and founder of the company.

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

Headquartered in Walnut Creek, California, Central Garden & Pet
Company (NASDAQ: CENT, CENTA) manufactures branded products and
distributes third-party products in the US lawn & garden and pet
supplies industries. The company's Chairman William E. Brown owns
roughly 8% of the stock and controls approximately 55% of the
voting rights through a dual-class stock structure. Revenue was
about $3.3 billion for the trailing twelve months ended December
30, 2023.


CHALLENGE MULTIFAMILY: Hires Cooper & Scully PC as Counsel
----------------------------------------------------------
Challenge Multifamily Construction, Inc. seeks approval from the
U.S. Bankruptcy Court for the Southern District of Texas to employ
Cooper & Scully, PC as counsel.

The Debtor requires legal counsel to:

     a. prepare and file the Debtor's bankruptcy schedules and
statement of financial affairs;

     b. negotiate with creditors and handle routine motions;

     c. file objections to claims, if necessary;

     d. perform legal work necessary to sell property of the
estate;

     e. file and prosecute adversary proceedings necessary to
determine the extent, validity and priority of liens;

     f. file and prosecute avoidance actions, if necessary;

     g. file and prosecute adversary proceedings, motions and
contested pleadings as necessary;

     h. prepare and file a Chapter 11 plan and disclosure
statement;

     i. conduct discovery that is required for the completion of
the Debtor's Chapter 11 case or any matter associated with the
case;

     j. perform all legal matters that are necessary for the
completion of the case; and

     k. perform miscellaneous legal duties to complete the
bankruptcy case.

The firm will be paid at these rates:

     Julie M. Koenig     $450 per hour
     Paralegal           $125 per hour

The Debtor paid the firm a retainer of $20,000 and $1,738 for the
filing fee.

Julie Koenig, Esq., a shareholder of Cooper & Scully, disclosed in
a court filing that her firm is a "disinterested person" pursuant
to Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Julie M. Koenig, Esq.
     COOPER & SCULLY, P.C.
     815 Walker St., Suite 1040
     Houston, TX 77002
     Tel: (713) 236-6800
     Fax: (713) 236-6880
     Email: julie.koenig@cooperscully.com

          About Challenge Multifamily Construction, Inc.

The Debtor specializes in senior care and multifamily wood framing
construction.

Challenge Multifamily Construction, Inc. in Rosenberg TX, filed its
voluntary petition for Chapter 11 protection (Bankr. S.D. Tex. Case
No. 24-30391) on February 1, 2024, listing $2,157,101 in assets and
$4,229,865 in liabilities. Javier Garza as president, signed the
petition.

Judge Eduardo V Rodriguez oversees the case.

COOPER & SCULLY, P.C. serve as the Debtor's legal counsel.


CHILDREN'S PLACE: Taps Centerview to Strengthen Cash Reserves
-------------------------------------------------------------
Reshmi Basu and Jeremy Hill of Bloomberg News report that apparel
retailer The Children's Place Inc. has hired Centerview Partners
LLC to explore ways to strengthen its cash reserves, according to
people with knowledge of the matter.

The company's coffers have been dwindling amid a difficult
environment for retailers.  The Children's Place had about $13.5
million of cash and equivalents on hand at the end of October 2023,
down from $19.2 million a year earlier and more than three times
that at the same time in 2021, according to company filings.

                  About The Children's Place

The Children's Place Inc. -- https://www.childrensplace.com/ -- is
a specialty retailer of children's apparel and accessories
headquartered in Secaucus, New Jersey.


CITGO PETROLEUM: ConocoPhillips Appears as Share Auction Bidder
---------------------------------------------------------------
Mar??a Paula Mijares Torres of Bloomberg Law reports that a US
court auction on Venezuela's Citgo Petroleum has received bids
using claims in lieu of cash, Reuters reports, citing unidentified
people familiar with the process and documents.

ConocoPhillips submitted a credit bid last month, January 2024,
using its previous claims of $12 billion from asset expropriations
in Venezuela.

Other bidders also have tried to apply their claims against
Venezuela in bids.

Chevron, Reliance Industries, Koch Industries, Valero Energy, and
at least one activist investor have expressed interest in the sales
process.

                    About CITGO Petroleum

Citgo Petroleum Corporation is a United States-based refiner,
transporter and marketer of transportation fuels, lubricants,
petrochemicals and other industrial products. Based in Houston,
Texas, Citgo is majority-owned by PDVSA, a state-owned company of
the Venezuelan government (although due to U.S. sanctions, in 2019,
they no longer economically benefit from Citgo.)

As reported in the Troubled Company Reporter-Latin America in June
2022, S&P Global Ratings affirmed its 'B-' long-term issuer credit
ratings on CITGO Holding Inc. and core subsidiary CITGO Petroleum
Corp.


CLEAN ENERGY: Hires Wesler & Associates, CPA PC as Accountants
--------------------------------------------------------------
Clean Energy Collective, LLC, seeks approval from the U.S.
Bankruptcy Court for the District of Colorado to employ Wesler &
Associates, CPA PC as Accountants.

The firm will assist in the preparation of the Debtor's tax returns
and related documents for 2023 and 2024.

The firm will be paid at these rates:

     Cheryl Wesler, CPA       $295 per hour
     Laura Allison, CPA       $225 per hour
     Kristin Lytle, CPA       $225 per hour
     Support staff            $175 per hour

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

Cheryl Wesler, a partner at Wesler & Associates, CPA PC, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Cheryl Wesler, CPA
     Wesler & Associates, CPA PC
     6523 Stadium Drive
     Kalamazoo, MI 49009
     Tel: (269) 482-1015
     Email: Cheryl@weslercpa.com

              About Clean Energy Collective, LLC

Clean Energy Collective, LLC -- https://www.cleanenergyco.com/ --
is a clean energy company that is based in Louisville, Colo.,
serving residential, commercial and non-profit customers. It
developed a model of delivering clean power-generation through
medium-scale facilities that are collectively owned by
participating utility customers.

Clean Energy Collective filed a voluntary Chapter 11 petition
(Bankr. D. Colo. Case No. 20-17543) on Nov. 20, 2020, with
$1,870,355 in total assets and $39,998,916 in total liabilities.
Thomas M. Jannsen, chief executive officer and chief financial
officer, signed the petition.

Judge Michael E. Romero oversees the case.  

Wadsworth Garber Warner Conrardy, P.C. and Plante & Moran, PLLC
serve as the Debtor's legal counsel and accountant, respectively.


CLEAN HARBORS: S&P Affirms 'BB+' ICR, Outlook Stable
----------------------------------------------------
S&P Global Ratings affirmed all of its ratings, including its 'BB+'
issuer credit rating, on Clean Harbors Inc.

S&P said, "At the same time, we revised our recovery rating on the
company's unsecured notes to '4' from '3'. The '4' recovery rating
indicates our expectation for average (30%-50%; rounded estimate:
40%) recovery in the event of a payment default.

"The stable outlook reflects our view that, despite the incremental
debt to fund its acquisition, Clean Harbors' debt leverage and
other credit measures will remain manageable and appropriate for
the current rating during the next 12 months.

"The affirmation reflects our view that Clean Harbors will likely
maintain appropriate credit measures for the current rating
following its acquisition of HEPACO. We consider the $400 million
deal to be more of a tuck-in acquisition because it is similar in
size to the company's acquisition of Thompson Industrial Services
LLC last year and will only cost about one-third of what it spent
to acquire HydrochemPSC in 2021. We estimate Clean Harbors' S&P
Global Ratings-adjusted debt to EBITDA and funds from operations
(FFO) to debt will weaken to the 2.4x-2.7x range and 25%-30% range,
respectively, by year-end 2024, which would indicate a slight
deterioration from 2.5x and almost 30% as of Sept. 30, 2023. On its
own, the effects of this acquisition will not be sufficient to
cause the company's credit measures to exceed the ranges we deem
appropriate for the current rating, including weighted-average debt
to EBITDA of between 3x and 4x and FFO to debt of 20%-30%. However,
we could downgrade Clean Harbors if it pursues a series of bolt-on
acquisitions or shareholder rewards that cause its credit metrics
to weaken beyond the aforementioned levels, though we do not view
this as likely at this time.

"We revised our recovery rating on the company's unsecured notes to
'4' from '3' to reflect our belief that, in a simulated default
scenario, the relative increase in its senior secured debt would be
dilutive to the recovery prospects for its unsecured noteholders in
the event of a payment default. Our analysis considers the HEPACO
acquisition's incremental EBITDA contribution and that Clean
Harbors will fund 100% of the purchase with debt. Therefore, we
anticipate that Clean Harbors' unsecured lenders will likely see
recoveries at the high end of the 30%-50% range, which is down from
the low end of the 50%-70% range under its previous capital
structure.

"The stable outlook reflects our expectation that various factors,
including its relatively healthy service activity (despite the
potential macroeconomic headwinds in some of its end markets),
operational synergies, and disciplined financial policies, will
allow Clean Harbors to maintain credit measures that we consider
appropriate for the current rating. We anticipate management will
integrate its acquisitions smoothly, including its upcoming
purchase of environmental and field services provider HEPACO. We do
not believe the HEPACO transaction and associated secured term loan
upsizing will likely materially weaken the company's credit
measures. At this rating, we expect Clean Harbors to maintain
weighted-average debt to EBITDA of between 3x and 4x.

"We could downgrade Clean Harbors if its operating performance
stagnates or declines such that its leverage exceeds 4x absent a
foreseeable improvement in the following year or so. This could
occur if the company's sales decline by more than 600 basis points
(bps) and its operating margins decline by more than 650 bps
relative to our base-case scenario. We could also downgrade Clean
Harbors if it pursues a series of bolt-on acquisitions or
shareholder rewards that cause its credit metrics to weaken to the
aforementioned levels. That said, we see the company's upcoming
purchase of HEPACO and recent refresh of its share repurchase
program as manageable.

"An upgrade is highly dependent upon evidence that management is
committed to establishing and maintaining financial policies and
credit measures that are consistent with an investment-grade
rating. For example, we would expect Clean Harbors' free operating
cash flow (FOCF) to debt to improve to, and consistently exceed,
20%, given its market position, operational scale, and debt burden.
However, we believe it remains unclear whether management and
ownership are committed to maintaining these improved metrics over
the long term. Instead, we believe management will prioritize
acquisitions and shareholder rewards over further credit metric
improvements."



CLOVER FAST: Hires M. Davis Group LLC as Auctioneer
---------------------------------------------------
Clover Fast Food, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to employ M. Davis Group LLC as
auctioneer.

The firm will provide these services:

     a. arrange for, advertise, and conduct an auction of the
Equipment located at 50 Industrial Drive, Boston, Massachusetts;
and

     b. publicize and advertise the Equipment, and use the Debtor's
name and logo in the firm's advertising materials in relation to
the sale of the Equipment;

The firm will collect from the purchasers of the Equipment and
shall remit 85 percent of the collected sale price to Debtor, less
expenses, upon removal of the item(s) and payment in full. The firm
will charge a 15 percent premium for any live or in-person
negotiated sale, or a buyer???s premium of 18 percent for any
online sale over and above the sale price, none of which shall be
shared with the Debtor.

Harry Davis, a partner at M. Davis Group LLC, disclosed in a court
filing that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Harry Davis
     M. Davis Group LLC
     2300 Palmer St.
     Pittsburgh, PA 15218-2604
     Tel: (412) 521-5751
     Fax: (412) 871-5613

              About Clover Fast Food

Clover Fast Food, Inc., d/b/a Clover Food Lab, is a vegetarian fast
food chain which operates restaurants around the Boston Metro
Area.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 23-11812) on Nov. 3, 2023.
In the petition signed by Julia Wrin Piper, as chief executive
officer, the Debtor disclosed $8,397,968 in total assets and
$4,573,997 in total liabilities.

Judge Brendan Linehan Shannon oversees the case.

Karen M. Grivner, Esq., at Clark Hill PLC, is the Debtor's legal
counsel.


COGECO COMMUNICATIONS: S&P Rates New C$275MM Unsecured Notes 'BB+'
------------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Cogeco Communications Inc.'s proposed C$275
million senior unsecured notes. The '3' recovery rating indicates
our expectation for meaningful recovery (50-70%; rounded estimate:
65%) in a simulated default scenario. The notes will rank junior in
right of payment relative to the company and guarantor's existing
and future secured senior debt. S&P's 'BB+' issuer credit rating
and negative outlook on Cogeco are unchanged.

The company will use the proceeds from this issuance to pay down
outstanding borrowings under its revolving credit facility, repay
bank debt, and for general corporate purposes. Cogeco's pro forma
debt to EBITDA on S&P Global Ratings-adjusted basis proforma for
Rogers Communications related share buyback transaction remains
elevated at 3.8x based on the 12 months ended November 2023 EBITDA.
S&P said, "We expect the company's leverage will remain at this
level through fiscal year 2024 (ending August 2024). Cogeco
continues to face competition from fixed wireless and fiber
operators in the U.S. and we expect its increased marketing and
promotional costs will pressure its margins." The company's
leverage is elevated due to its flat year-over-year EBITDA
performance and the incremental debt it used to fund Rogers
Communications related share repurchase transaction.

The negative outlook continues to reflect the risk that the
aggressively competitive environment could lead to higher-than
expected subscriber losses and weigh on Cogeco's operating
performance. Furthermore, the company's capital expenditure (capex)
will remain elevated for the next 12 months. Management's
aggressive capex plans could lead to execution missteps and delay
its deleveraging prospects.

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors

-- S&P's recovery analysis for Cogeco's debt focuses only on its
Canadian operations.

-- S&P's recovery analysis assumes that there is no enterprise
value flowing to Cogeco from its U.S. subsidiary Breezeline.

-- S&P's recovery estimate for Cogeco's debt focuses only on the
Canadian operations.

-- S&P's simulated default scenario assumes that Cogeco defaults
in 2029 due to a continuous decline in its video and telephony
subscribers, pricing pressure, and higher retention costs owing to
increasing competition and higher investment in existing and new
services.

-- S&P assumes that Cogeco would be reorganized or sold as a going
concern, as opposed to being liquidated, based on its viable
business model and market position.

-- S&P values the company using a 6x multiple of its emergence
EBITDA estimate, which corresponds with its fixed charges in the
simulated default year.

-- S&P applies a 40% operational adjustment to Cogeco's Canadian
emergence EBITDA. Given the Canadian entity's lower leverage, it
anticipates it will add more debt on its path to default, leading
to higher fixed charges.

-- In S&P's hypothetical default scenario, it estimates that the
senior secured debt lenders could expect very high (90%-100%;
rounded estimate: 95%) recovery, which corresponds with a '1'
recovery rating and a 'BBB-' issue-level rating.

-- S&P said, "Based on our criteria, we typically cap our
issue-level ratings on the secured debt of entities we rate at
'BB+' at one notch above the issuer credit rating (ICR) and
entities we rate 'BB' at up to two notches above the ICR.
Therefore, if we lower our ICR to 'BB', our 'BBB-' issue-level
rating on the debt will likely remain unchanged, assuming all of
the other aspects of the company's recovery analysis remain
consistent with our current expectations."

-- S&P estimates that the reminder of the enterprise value would
flow to the senior unsecured debt lenders and providing meaningful
(50-70%; rounded estimate: 65%) recovery, which corresponds to a
'3' recovery rating and 'BB+' issue-level rating.

-- S&P typically caps its issue-level ratings on the unsecured
debt of entities it rates 'BB' at the same level as the ICR.

Simulated default assumptions

-- Simulated year of default: 2029
-- EBITDA at emergence: C$407.5 million
-- EBITDA multiple: 6x

Simplified waterfall

-- Gross enterprise value: C$2.4 billion

-- Net enterprise value (after 5% administrative costs): C$2.3
billion

-- Estimated first-lien claim: C$2.01 billion

-- Value available for first-lien claim: C$2.32 billion

    --Recovery expectations: 90%-100% (rounded estimate: 95%*)

-- Estimated unsecured claims: C$318.0 million

-- Value available for unsecured claim: C$310 million

    --Recovery expectations: 50-70% (rounded estimate: 65%**)

*S&P's recovery estimate for the senior secured debt exceeds 100%;
however, under its recovery criteria, S&P generally caps its
rounded recovery estimate for debt it assigns a '1' recovery rating
at 95%.
**S&P's recovery estimate for the unsecured debt exceeds 70%;
however, under our recovery criteria, it generally caps its rounded
recovery estimate for unsecured debt at 65%.
Note: All debt amounts include six months of prepetition interest.

  Ratings List

  NEW RATING

  COGECO COMMUNICATIONS INC.

  Senior Unsecured      BB+

   Recovery Rating      3(65%)



COHERENT CORP: Moody's Hikes CFR to Ba2 & Alters Outlook to Stable
------------------------------------------------------------------
Moody's Investors Service has upgraded the ratings of Coherent
Corp., including the Corporate Family Rating to Ba2 from Ba3, the
senior secured rating to Ba1 from Ba2, the senior unsecured notes
to B1 from B2, and the Probability of Default Rating to Ba2-PD from
Ba3-PD. The outlook was revised to stable from positive. The
Speculative Grade Liquidity (SGL) rating remains unchanged at
SGL-1.

The ratings upgrade reflects Moody's expectation that Coherent's
financial metrics and cash generation will continue to improve.
This reflects a recovery in end markets along with continued strong
sales growth in optical transceivers serving generative artificial
intelligence (GenAI) uses. Revenues for fiscal year end June 2024
(FY2024) will be 10% to 15% lower than the prior fiscal year,
reflecting revenue declines in the first half of FY2024. Over the
next 12 to 18 months, however, Moody's expects upper single digits
percent annual growth in revenues, which will contribute to higher
profits.

In December, Coherent sold a 25% interest in the Silicon Carbide
LLC (SiC) business for a $1 billion combined investment from DENSO
Corporation and Mitsubishi Electric Corporation. The investment by
DENSO and Mitsubishi Electric will fund the SiC business' required
capital expenditures. Since the SiC business accounts for about
half of Coherent's annual capital expenditures, this investment
significantly reduces Coherent's capital expenditure funding
requirements, improving free cash flow (FCF).  

The increased profit level for Coherent, along with a reduced
capital spending needs, will contribute to stronger FCF over the
next 12 to 18 months. The higher profit level, combined with debt
repayment, will result in leverage declining toward the mid to
upper 3x level of debt to EBITDA (Moody's adjusted) over the
period, with FCF to debt increasing toward the upper single digits
percent (Moody's adjusted).

RATINGS RATIONALE

Coherent's Ba2 CFR reflects the company's large revenue scale, with
a product portfolio spanning materials, components, and systems,
which serve a varied set of end markets. This diversity of end
markets, which generally follow unrelated demand cycles, tends to
reduce overall revenue volatility. Coherent benefits from an
established leadership position in the broad Optical Networking
Components market, including in several niches in the Datacom and
Telecom market segments. These leadership positions are
complemented by Coherent's materials expertise, including laser
optics, silicon carbide (SiC) wafers, and vertical cavity surface
emitting laser (VCSEL) diodes. Coherent's optical transceiver
portfolio is well-positioned over the near to intermediate term for
the continued strong spending on GenAI-related equipment, which
requires the high-speed interconnect enabled by Coherent's optical
transceivers.

Leverage of 4.6x debt to EBITDA (twelve months ended December 31,
2023, Moody's adjusted) is high for the rating. Given Coherent's
vertically-integrated manufacturing model that requires large
capital spending, this high leverage pressures FCF, which was
negative in the most recent quarter (quarter ended December 31,
2023, Moody's adjusted). Given the negative FCF in the December
quarter, Moody's expects FCF to debt (Moody's adjusted) will only
reach the low single digits percent for the full 12 months of
FY2024. Nevertheless, Moody's expect FCF to debt (Moody's adjusted)
to improve toward the upper single digits percent level over the
next 12 to 18 months. Although Coherent's broad product and end
market exposures tend to reduce total revenue volatility, the
company experiences significant revenue volatility within
individual subsegments, such as the Telecom and Datacom end markets
of the Networking segment. These two end markets experience swings
in demand due to the spending patterns of their respective end
customer bases.

The stable outlook reflects Moody's expectation that Coherent's
revenues will rebound strongly, with annual revenue growth in the
upper single digit percent over the next 12 to 18 months. The
EBITDA margin (Moody's adjusted) will remain at the low 20s percent
level. With the increasing absolute level of EBITDA, combined with
debt repayment, Moody's expects that leverage will be reduced
toward the mid to upper 3x level of debt to EBITDA (Moody's
adjusted) over the period. The improved EBITDA will also contribute
to increasing FCF over the next 12 to 18 months, with FCF to debt
rising toward the upper single digits percent level (Moody's
adjusted).

The Ba1 rating on the Senior Secured Bank Credit Facilities (Senior
Secured Revolver due 2027, Senior Secured Term Loan A due 2027, and
Senior Secured Term Loan B due 2029) reflects the collateral and
the cushion of unsecured notes and liabilities. The B1 rating on
the Senior Notes due 2029 reflects the absence of collateral and
the large quantity of secured debt.

The Speculative Grade Liquidity (SGL) rating of SGL-1 reflects
Coherent's very good liquidity, which is supported by FCF and a
large cash balance ($856 million, exclusive of the $965 million of
restricted cash, at December 31, 2023). Moody's expects that
Coherent will generate annual FCF (Moody's adjusted) of at least
$200 million over the next 12 to 18 months and that cash will
exceed $500 million. Given the consistent cash flows and large cash
balance, Moody's expects that Coherent will maintain at least 50%
availability under the $350 million Senior Secured Revolver due
2027 (Revolver). The Revolver and Senior Secured Term Loan A due
2027 are subject to financial maintenance covenants, net leverage
and interest coverage (as defined in the credit agreement), and
Moody's expects the company to be well within the established
limits. The Senior Secured Term Loan B due 2029 is not subject to
financial maintenance covenants.

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

The ratings could be upgraded if Coherent:

-- Sustains organic revenue growth in the upper single digits

-- Sustains EBITDA margin (Moody's adjusted) at or above 25%

-- Maintains leverage below 3x debt to EBITDA (Moody's adjusted)

-- FCF to debt remains is sustained above 10% (Moody's adjusted)

The ratings could be downgraded if Coherent:

-- Revenues decline on more than a temporary basis

-- Adopts a more shareholder-friendly financial policy prior to
reducing leverage to below 3x debt to EBITDA (Moody's adjusted)

-- EBITDA margin (Moody's adjusted) declines toward 20%

Coherent Corp. makes engineered materials and optoelectronic
devices. Products include optical communications modules,
components, and systems for data center applications, optical
equipment such as wavelength selective switches used in
telecommunications long haul and metro networks, vertical cavity
surface emitting lasers (VCSELs) used in 3D sensing applications
such as facial recognition in consumer devices and other
applications, industrial laser components, advanced materials, such
as silicon carbide substrates, and precision optics for military
applications.
The principal methodology used in these ratings was Semiconductors
published in October 2023.


COLORADO FOOD: Continued Operations to Fund Plan
------------------------------------------------
Colorado Food Enterprises, Inc., filed with the U.S. Bankruptcy
Court for the District of Colorado a Subchapter V Plan of
Reorganization dated February 15, 2024.

The Debtor is a Colorado corporation with operations based in
Denver, Colorado and was formed in 2017.  The Debtor has
approximately 52 employees.  The Debtor is primarily a meat and
food manufacturer.

The Debtor cuts and packages proteins, such as chicken and meat, to
sell to retail stores, local restaurants, and home meal kit
companies.  The Debtor also co-packs (provides labor and packaging)
for burritos and sandwiches general sold at convenience stores.
Some of the Debtor's customers include Safeway, Kroger, Etis,
Ricon, Coremark and Larmex.

The bankruptcy filing was prompted due to the Debtor's debt
service.  The Debtor maintains four loans with factors which
incumber the Debtor's receivables, have daily draws for payments,
and accrue at high interest rates.  The Debtor cannot cash flow
under the loan serving obligation as it is currently structured.
The Debtor has also been sued for alleged employment violations,
which the Debtor disputes. The lawsuit disrupted the Debtor's
ability to obtain tradition financing.

Class 10(a) consists of the general unsecured creditors of the
Debtor who are not separately classified.  Holders of Class 10(a)
Allowed Claims shall share on a Pro Rata basis monies deposited
into the Unsecured Creditor Account.

     * Upon the first full month following the Effective Date of
the Plan and every month until Administrative Claims are paid in
full and then for the remainder of the Term of the Plan the Debtor
will every month in accordance with the terms of this Plan deposit
for the five year term of the Plan: (a) during the first year of
the Plan $7,515; (b) during the second year of the Plan $12,640;
(c) during the third year term of the Plan $14,107; (d) during the
fourth year of the Plan $19,379 and (e) during the fifth year of
the Plan $21,800. At the end of each calendar quarter, the balance
of the Unsecured Creditor Account will be distributed to the
holders of Allowed Administrative Claims on a Pro Rata basis until
such time as all holders of Allowed Administrative Claims have been
paid in full, and then will be distributed to Class 10(a) general
unsecured creditors that hold Allowed Claims on a Pro Rata basis.

     * All funds recovered by the Debtor on account of Avoidance
Actions shall be distributed to Allowed Administrative Claims until
paid in full and then to Class 10(a) claimants holding Allowed
Claims on a pro-rata basis, net of attorneys' fees and costs.
Whether or not the Debtor pursues any Avoidance Actions shall be up
to the Debtor and the decision to pursue such claims shall be
discretionary with the Debtor.

Class 10(b) consists of general unsecured Claim of Lamex Foods,
Inc. The Class 10(b) Claim shall be treated in accordance with the
Services Agreement.

Class 10(c) consists of general unsecured Claim of Shamrock Food
Company. The Class 10(c) Claim shall be treated in accordance with
the Stipulation.

Class 10(d) consists of general unsecured Claim of Pinnacol
Assurance. The Class 10(d) Claim, including the cure arising from
the assumption of the insurance agreement, shall be treated in
accordance with the Motion to Approve the Assume.

Class 11 includes the Interests in the Debtor, which Interests are
unimpaired by the Plan. Upon confirmation of the Plan, all Class 11
Interest holders will retain their ownership Interests in the
Debtor.

The Debtor shall be empowered to take such action as may be
necessary to perform its obligations under this Plan.

The funding for the Plan will come from the Debtor's continued
operations.  The Debtor will have sufficient cash on hand and
profits during the term of the Plan to satisfy its Plan
obligations.  The Debtor has sufficient cash on hand to pay
Administrative Claims and Tax Claims in full on the Effective Date
of the Plan.

A full-text copy of the Plan of Reorganization dated February 15,
2024 is available at https://urlcurt.com/u?l=xVV8wD from
PacerMonitor.com at no charge.

Attorneys for the Debtor:

     Aaron A. Garber, Esq.
     WADSWORTH GARBER WARNER CONRARDY, P.C.
     2580 West Main Street, Suite 200
     Littleton, CO 80120
     Telephone: (303) 296-1999
     Facsimile: (303) 296-7600
     Email: agarber@wgwc-law.com

                About Colorado Food Enterprises

Colorado Food Enterprises Inc. is a collection of locally owned
companies that provide a variety of products and food production
services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Colo. Case No. 23-14259) on Sept. 21,
2023.  In the petition signed by James Teran, president, the Debtor
disclosed $774,251 in assets and $5,006,437 in liabilities.

Judge Michael E. Romero oversees the case.

Aaron A. Garber, Esq., at Wadsworth Garber Warner Conrardy, P.C.,
is the Debtor's legal counsel.


COOK & BOARDMAN: S&P Withdraws 'B' Issuer Credit Rating
-------------------------------------------------------
S&P Global Ratings withdrew all of its ratings on The Cook &
Boardman Group LLC, including its 'B' issuer credit rating, at the
issuer's request. At the time of the withdrawal, all rated debt had
been repaid and its outlook on the company was stable.



COST LESS AUTO: Jody Corrales Named Subchapter V Trustee
--------------------------------------------------------
The U.S. Trustee for Region 14 appointed Jody Corrales, Esq., at
Deconcini McDonald Yetwin & Lacy P.C. as Subchapter V trustee for
Cost Less Auto Parts, Inc.

Ms. Corrales will be paid an hourly fee of $375 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Jody A. Corrales
     Deconcini McDonald Yetwin & Lacy P.C.
     252 E. Broadway Blvd., Suite 200
     Tucson, AZ 85716
     Telephone: 520-322-5000
     Fax: 520-322-5585
     Email: jcorrales@dmyl.com

                     About Cost Less Auto Parts

Cost Less Auto Parts, Inc. has been engaged in the retail auto
parts industry.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Ariz. Case No. 24-00997) on February 9,
2024, with up to $50,000 in assets and up to $500,000 in
liabilities. Aurora Hernandez, president, signed the petition.

Charles R. Hyde, Esq., at The Law Offices of C.R. Hyde, PLC.
represents the Debtor as bankruptcy counsel.


CREATIVE INVESTORS: Unsecureds Will Get 43% of Claims over 60 Month
-------------------------------------------------------------------
Creative Investors, Inc., filed with the U.S. Bankruptcy Court for
the Southern District of Florida a Disclosure Statement describing
Chapter 11 Plan dated February 15, 2024.

The Debtor is a Limited Liability Corporation owned by Arlene
Rodriguez. The corporation was started to invest in private
mortgages.

This chapter 11 was filed to prevent foreclosure of the property by
so that Debtor could reconcile the debt to preserve property from
judgment creditor Santibanez, and reorganize.

The plan will be implemented by payments on the effective date,
curing of arrearages and the plan will be funded by Arlene
Rodriguez and affiliates, who as well will be serving as directors,
and officers of the reorganized debtor. Ms. Rodriguez owns vacation
properties, has a real estate business and also a therapy business,
from which she will fund the payments under the plan.

General unsecured creditors are classified in Class 10, and will
receive a distribution of 43% of their allowed claims over 60
months.

Class 10 consists of General Unsecured Claims. General Unsecured
Creditors include Bank of America SBA ($218,000); Marilein Camacho
($260,000); and IRS claim 2 ($11,399.07). Unsecured claims will be
paid $250,000 over 60 months from Arlene Rodriguez $4,167 month or
possible refinancing of 8440 SW 32 St. This Class is impaired.

Class 11 consists of Equity Security Holder Arlene Rodriguez.
Equity holder Arlene Rodriguez will retain her interest for new
value being paid in plan.

Payments and distributions under the Plan will be funded by Arlene
Rodriguez, rents, and possible refinancing.

The Debtor will be able to make the payments required under the
plan from continuing contributions outside of the plan and the
rent.

A full-text copy of the Disclosure Statement dated February 15,
2024 is available at https://urlcurt.com/u?l=UhWEqS from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Joel M. Aresty, Esq.
     Joel M. Aresty, P.A.
     309 1st Ave S
     Tierra Verde, FL 75202
     Telephone: (305) 904-1903
     Facsimile: (800) 899-1870
     Email: Aresty@Mac.com

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

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


CULINARY INNOVATIONS: Hires Dal Lago Law as Counsel
---------------------------------------------------
Culinary Innovations Group, LLC seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Dal
Lago Law as counsel.

The firm's services include:

     a. advising as to the Debtor's rights and duties in the Case;

     b. preparing pleadings related to the Case, including
developing a plan of reorganization; and

     c. taking any and all other necessary action incident to the
proper preservation and administration of the estate.

The firm will be paid at these rates:

Attorneys:

     Mike Dal Lago, Esq.       $425 to $450 per hour
     Christian Haman, Esq.     $360 to $375 per hour
     Jennifer Duffy, Esq.      $340 to $350 per hour
     Kim Christian             $210 to $220 per hour
     Colleen McLaughlin        $125 to $165 per hour
     Frances Vazquez           $165 per hour
     Grace Burnes              $125 per hour

The firm will be paid a retainer in the amount of $16,738.

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

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

The firm can be reached at:

      Michael R. Dal Lago, Esq.
      DAL LAGO LAW
      999 Vanderbilt Beach Road, Suite 200
      Naples, FL 34108
      Telephone: (201) 417-8229
      Email: mike@dallagolaw.com

              About Culinary Innovations Group

Culinary Innovations Group LLC sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-05918) on
December 29, 2023, with up to $50,000 in assets and $100,001 to
$500,000 in liabilities.

Jennifer M. Duffy, Esq., and Michael R. Dal Lago, Esq., at Dal Lago
Law are the Debtor's bankruptcy attorneys.


CYANCO INTERMEDIATE 2: S&P Places 'B' ICR on CreditWatch Positive
-----------------------------------------------------------------
S&P Global Ratings placing all its ratings on Cyanco Intermediate 2
Corp., including the 'B' issuer credit rating, on CreditWatch with
positive implications.

S&P expects to resolve the CreditWatch placement once it gains
assurance that the transaction will close as expected.

Orica Ltd. (BBB/Stable/A-2) recently announced that it has entered
into a binding agreement to acquire Cyanco Intermediate 4 Corp.
(parent entity of Cyanco Intermediate 2 Corp.) from Cerberus
Capital Management for a purchase price of $640 million on a cash
free, debt free basis.

The CreditWatch placement follows Orica's recent announcement that
it has signed a binding agreement to acquire Cyanco for a purchase
price of $640 million on a cash free, debt free enterprise value
basis. Under the terms of the agreement, Orica will acquire all the
outstanding common stock of Cyanco Intermediate 4 Corp. (parent
entity of Cyanco Intermediate 2 Corp.) from Cerberus Capital
Management.

S&P said, "We expect the transaction will be credit positive for
Cyanco given Orica's stronger credit ratings, larger scale, and
lower debt leverage. Our CreditWatch listing indicates that we
could raise our issuer credit rating on Cyanco by multiple notches
upon the close of the transaction. As per public statements by
Orica, it expects to close the acquisition by the end of 2024,
subject to the expiration of certain regulatory waiting periods and
other customary closing conditions.

"We expect to resolve the CreditWatch placement once we gain
assurance that the transaction will close as expected. We will
monitor any developments related to the transaction including
Orica's equity issuance and receipt of the necessary regulatory
clearances. We expect the transaction will be credit positive for
Cyanco given Orica's stronger credit ratings, larger scale, and
lower debt leverage. If the transaction is completed as proposed,
we would likely raise our ratings on Cyanco by multiple notches
upon close of the transaction. If the transaction does not close as
expected, we would likely affirm our 'B' issuer credit rating on
Cyanco, assuming its operating performance and credit measures
remain within our expectations."



CYXTERA DC HOLDINGS: $815MM Bank Debt Trades at 73% Discount
------------------------------------------------------------
Participations in a syndicated loan under which Cyxtera DC Holdings
Inc is a borrower were trading in the secondary market around 27.0
cents-on-the-dollar during the week ended Friday, Feb. 23, 2024,
according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 64.6
cents-on-the-dollar the previous week ended Feb. 16.

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

                  About Cyxtera Technologies

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

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

Judge John K. Sherwood oversees the case.

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

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

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

                        *     *     *

On October 31, 2023, the Company entered into an Asset Purchase
Agreement with Phoenix Data Center Holdings LLC, wherein the
Purchaser acquired substantially all of the Company's assets and
assumed certain specified liabilities of the Company.  On November
16, 2023, the  Bankruptcy Court held a confirmation hearing to
approve the Company's Fourth Amended Joint Plan of Reorganization.
The Bankruptcy Court approved the Plan, and on November 17, entered
the Revised Findings of Fact, Conclusions of Law, and Order
Confirming the Fourth Amended Joint Plan of Reorganization.

The Plan authorized, among other things, the Company to sell
substantially all of their assets to the Purchaser pursuant to the
terms of the Purchase Agreement and the winding down of the
Company's estates following consummation of the Asset Sale.

The Plan became effective on January 12, 2024.


DARJEN INC: Unsecureds to be Paid in Full over 60 Months
--------------------------------------------------------
Darjen, Inc. filed with the U.S. Bankruptcy Court for the Southern
District of Florida a Disclosure Statement describing Plan of
Reorganization dated February 19, 2024.

The Debtor is a compound pharmacy that was formed on October 27,
2000. The 100% owner is Michelle Notartomaso.

The company has been profitable since its inception. In the
beginning of 2023, the Debtor was having difficulty obtaining
product and got behind on its rent payments. The landlord was
seeking to evict the Debtor at the time that this case was filed.

Since the filing, the Debtor has obtained a new distributor and the
company is flourishing. It has concentrated on the growing
semaglutide market.

The Debtor's ability to fully fund the plan depends solely on the
Debtor's retail sales.

Class 7 consists of general unsecured creditors. The amount owed to
unsecured creditors total $509,193.15. Unsecured creditors will be
paid in full over sixty months. The Debtor will pay $8,500.00 per
month which the creditors will receive pro rata share. The class is
impaired.

The equity holders in the Debtor will continue to own and operate
the Debtor.

A full-text copy of the Disclosure Statement dated February 19,
2024 is available at https://urlcurt.com/u?l=cZ841V from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Brian K. McMahon, Esq.
     BRIAN K. MCMAHON, PA
     1401 Forum Way, 6th Floor
     West Palm Beach, FL 33401
     Telephone: (561) 478-2500
     Facsimile: (561) 478-3111
     Email: brian@bkmbankruptcy.com

                     About Darjen Inc.

Darjen, Inc., owns and operates a compound pharmacy. The Debtor
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. W.D. S.D. Fla. Case No. 23-17470-MAM) on Sept. 18, 2023. In
the petition signed by Michelle Notartomaso, president, the Debtor
disclosed up $50,000 in assets and up to $1 million in
liabilities.

Judge Mindy A. Mora oversees the case.

Brian K. McMahon, Esq., at Brian K. McMahon, PA, is the Debtor's
legal counsel.


DIAMOND SPORTS: Guardian, Rangers & New Twins Deals Okayed
----------------------------------------------------------
Jonathan Randles of Bloomberg News reports that bankrupt sports
broadcaster Diamond Sports Group won court approval for new deals
with the Cleveland Guardians, Minnesota Twins and Texas Rangers to
televise games for the 2024 baseball season, key agreements that
comes as the company faces hurdles from a new creditor group
backing an alternative $450 million Chapter 11 financing.

The deals approved by Judge Chris Lopez resolve disputes involving
Major League Baseball and its clubs that could have derailed
Diamond's attempts to restructure.  Diamond is hammering -- out a
restructuring proposal backed by the company's major debt holders
and Amazon.com Inc. that would save the company from closing.

                  About Diamond Sports Group

Diamond Sports Group, LLC, and its affiliates own and/or operate
the Bally Sports Regional Sports Networks, making them the nation's
leading provider of local sports programming.  DSG's 19 Bally
Sports RSNs serve as the home for 42 MLB, NHL, and NBA teams.  DSG
also holds joint venture interests in Marquee, the home of the
Chicago Cubs, and the YES Network, the local destination for the
New York Yankees and Brooklyn Nets.  The RSNs produce about 4,500
live local professional telecasts each year in addition to a wide
variety of locally produced sports events and programs.  DSG is an
unconsolidated and independently run subsidiary of Sinclair
Broadcast Group.

Diamond Sports Group and 29 of its affiliates sought relief under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D. Texas Lead Case
No. 23-90116) on March 14, 2023.  In the petition filed by David F.
DeVoe, Jr., as chief financial officer and chief operating officer,
Diamond Sports Group listed $1 billion to $10 billion in both
assets and liabilities.

Judge Christopher M. Lopez oversees the cases.

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

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


DISKIN SYSTEMS: Amy Denton Mayer Named Subchapter V Trustee
-----------------------------------------------------------
The U.S. Trustee for Region 21 appointed Amy Denton Mayer of
Stichter Riedel Blain & Postler P.A. as Subchapter V trustee for
Diskin Systems, Inc.

Ms. Mayer will be paid an hourly fee of $350 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Amy Denton Mayer
     Stichter Riedel Blain & Postler P.A.
     110 East Madison Street, Suite 200
     Tampa, FL 33602
     Phone: (813)229-0144
     Email: amayer@subvtrustee.com

                       About Diskin Systems

Diskin Systems, Inc. filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00669) on
Feb. 9, 2024, with $100,001 to $500,000 in assets and $500,001 to
$1 million in liabilities.

Judge Roberta A Colton presides over the case.

Craig I Kelley, Esq., at Kelley Kaplan & Eller, PLLC represents the
Debtor as legal counsel.


DMK PHARMACEUTICALS: U.S. Trustee Appoints Creditors' Committee
---------------------------------------------------------------
The U.S. Trustee for Region 3 appointed an official committee to
represent unsecured creditors in the Chapter 11 cases of DMK
Pharmaceuticals Corp. and its affiliates.

The committee members are:

     1. Broadridge Financial Solutions, Inc.
        Attn: Jay Shah
        1155 Long Island Ave
        Edgewood, NY 11717
        Phone: 934-642-1174
        Email: jay.shah@broadridge.com

     2. Fortrea Inc.
        Attn: Edward Combs
        8 Moore Drive
        Durham, NC 27709
        Phone: 919-451-6493
        Email: Edward.combs@fortrea.com

     3. USWM, LLC
        Attn: Michael Brown
        4441 Springdale Rd.
        Louisville, KY 40241
        Email: Legal@usworldmeds.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 DMK Pharmaceuticals

DMK Pharmaceuticals Corporation and its affiliates are composed of
a family of pharmaceutical companies that own various therapies
treating different indications. Over time, the Debtors' portfolio
of treatments has focused on treatment of the opioid epidemic, both
in an emergency setting and in the prophylactic treatment of
Opioid
Use Disorder.

DMK Pharmaceuticals and its affiliates filed petitions under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. D. Del.
Lead Case No. 24-10153) on Feb. 2, 2024. In the petition signed by
its chief financial officer, Seth Cohen, DMK Pharmaceuticals
disclosed $10 million to $50 million in both assets and
liabilities.

The Debtors tapped Gellert Scali Busenkell & Brown, LLC and Nelson,
Mullins, Riley & Scarborough, LLP as legal counsels; and Rock Creek
Advisors, LLC as financial advisor. BMC Group, Inc. is the claims
and noticing agent.


DOC LLC: Voluntary Chapter 11 Case Summary
------------------------------------------
Debtor: Doc LLC
        3300 Dallas Parkway
        Suite 200
        Plano, TX 75093

Chapter 11 Petition Date: February 21, 2024

Court: United States Bankruptcy Court
       District of Delaware

Case No.: 24-10281

Judge: Hon. J. Kate Stickles

Debtor's Counsel: Alessandra Glorioso, Esq.
                  DORSEY & WHITNEY (DELAWARE) LLP
                  300 Delaware Avenue
                  Suite 1010
                  Wilmington, DE 19801
                  Tel: (302) 425-7171
                  Email: glorioso.alessandra@dorsey.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Colin Chenault as chief financial
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/KKSA7NY/DOC_LLC__debke-24-10281__0001.0.pdf?mcid=tGE4TAMA


DOMTAR CORP: S&P Downgrades ICR to 'B+', Outlook Negative
---------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on Domtar Corp.
to 'B+' from 'BB-'. S&P also lowered its issue-level rating on the
company's senior secured term loans and notes to 'B+' from 'BB-'
following our downgrade on Domtar.

S&P said, "At the same time, we lowered our issue-level rating on
Domtar's senior unsecured notes by two notches to 'B' from 'BB-',
stemming from our downgrade on Domtar, and revised our recovery
rating on the senior unsecured notes to '5' from '4', reflecting
weaker recovery prospects in a default scenario.

"The negative outlook reflects our view that we could lower our
ratings on Domtar further over the next 12 months if the company
does not make progress toward reducing leverage in line with or
better than our forecast.

"The downgrade on Domtar primarily reflects weaker credit metrics
than we had previously anticipated. We estimate that Domtar's
adjusted debt will be about US$3.0 billion through 2024 compared
with about US$2.7 billion we had assumed in July 2023. This stems
from the company's acquisitions of Skookumchuck Pulp Inc. (SPI) and
Catalyst Paper Corp. (Catalyst) in the second half of 2023, along
with higher-than-anticipated one-time costs that contributed to a
lower cash balance that we net against debt. Higher adjusted debt
combined with a modest downward revision in our adjusted EBITDA
estimate, spurred by lower assumed commodity prices and higher unit
costs over the next couple of years, result in our forecast of
adjusted debt to EBITDA of about 5x in 2024 before declining to
about 4.5x in 2025 and further improvement in 2026.

"We believe the higher adjusted debt levels and negative or thin
free operating cash flow generation contribute to credit metrics
that are more sensitive to lower potential commodity prices or
higher costs. We expect cash costs will remain elevated and limit
earnings growth over the next few years as higher fiber and labor
costs offset lower energy and transportation costs. In addition,
with a significant portion of the company's revenue generated from
uncoated freesheet (UFS) paper, the demand for which is in secular
decline, we believe Domtar is likely to continue to incur
restructuring costs from the closure of less efficient mills,
albeit to a lesser extent than in 2023. Although we are currently
not assuming any significant asset conversion projects (to
containerboard) in our forecast horizon, we believe Domtar has a
limited ability to reduce capital spending meaningfully below our
estimates of US$250 million-US$300 million, which is comprised
primarily of maintenance capital expenditure (capex).

"We apply a negative comparable ratings analysis modifier of one
notch to arrive at the 'B+' issuer credit rating. This reflects our
view that subdued commodity prices and higher operating costs have
contributed to weaker profitability and prospective credit measures
when compared with other companies we rate at 'BB-' that have
similar business and financial risk profiles. It also incorporates
our view that Domtar's forecast credit measures are sensitive to
volatile commodity prices with limited financial flexibility based
on our forecast for negative to thin free operating cash flow
generation over the next couple of years.

"We are also revising our management and governance assessment on
the company to moderately negative from neutral to reflect our view
of its complex ownership structure. In our view, Domtar's ownership
and larger group structure is complex and comprises extensive
cross-ownership ties that we believe could lead to additional
credit risk. This could come in the form of higher-than-expected
leverage, as was the case with the Skookumchuck and Catalyst
acquisitions completed in the second half of 2023.

"The negative outlook reflects our expectation for adjusted debt to
EBITDA of about 5x this year, which we consider to be at the weaker
end of the rating, leaving little room to withstand operating
conditions that are more challenging than we currently anticipate.
We believe sustained macroeconomic headwinds and commodity pricing
pressure are key risks to our earnings and cash flow assumptions.

"We could lower the rating on Domtar over the next 12 months if
adjusted debt to EBITDA is sustained above 5x or if profitability
deteriorates. This could occur from lower-than-expected commodity
prices and shipments, potentially caused by deteriorating
macroeconomic conditions. This could also occur from
larger-than-anticipated growth investments, shareholder
distributions, or acquisition.

"We could revise the outlook to stable within the next 12 months if
credit measures improve in line with or better than our forecast,
including adjusted debt to EBITDA of about 5x this year and in the
mid-4x area in 2025. In our view, this could follow improvement in
Domtar's earnings with higher product prices without an offsetting
increase in input costs."



DON'S BAREFOOT: Case Summary & Three Unsecured Creditors
--------------------------------------------------------
Debtor: Don's Barefoot Beach Marina, LLC
        5244 FM 1520
        Pittsburg, TX 75686

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Eastern District of Texas

Case No.: 24-20024

Debtor's Counsel: Robert T DeMarco, Esq.
                  DEMARCO MITCHELL, PLLC
                  12770 Coit Road, Suite 850
                  Dallas tX 75251
                  Tel: (972) 991-5591
                  Email: robert@demarcomitchell.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Misty Thornton as managing member.

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

https://www.pacermonitor.com/view/XOGRQOA/Dons_Barefoot_Beach_Marina_LLC__txebke-24-20024__0001.0.pdf?mcid=tGE4TAMA


EARTH HOUSE: Seeks Approval to Tap Millennium 21 Realty as Realtor
------------------------------------------------------------------
Earth House Inc. seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to employ Millennium 21 Realty.

The Debtor requires a realtor to list its property on the MLS and
show the property to and negotiate with interested buyers.

Millennium 21 Realty will receive a 6 percent commission for its
services.

James Finkel, the owner of Millennium 21 Realty, disclosed in a
court filing that his firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     James Finkel
     Millennium 21 Realty
     50 Division St.
     Somerville, NJ 08876
     Telephone: (908) 541-0050

                         About Earth House

Earth House, Inc. is a health care business as defined in 11 U.S.C.
Sec. 101(27A).

Earth House filed Chapter 11 petition (Bankr. D.N.J. Case No.
24-11142) on Feb. 6, 2024. In the petition signed by its executive
director, James F. Karwoski, the Debtor disclosed as much as $1
million in both assets and liabilities.

Judge Christine M. Gravelle oversees the case.

The Law Firm of Andre L. Kydala serves as the Debtor's bankruptcy
counsel.


EARTH HOUSE: Seeks to Hire Andre L. Kydala as Bankruptcy Counsel
----------------------------------------------------------------
Earth House Inc. seeks approval from the U.S. Bankruptcy Court for
the District of New Jersey to employ the Law Firm of Andre L.
Kydala to handle its Chapter 11 case.

The firm will be paid at its hourly rate of $400.

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

The firm can be reached through:

     Andre L. Kydala, Esq.
     Law Firm of Andre L. Kydala
     12 Lower Center St.
     Clinton, NJ 08809
     Telephone: (908) 735-2616
     Email: kydalalaw@aim.com

                         About Earth House

Earth House, Inc. is a health care business as defined in 11 U.S.C.
Sec. 101(27A).

Earth House filed Chapter 11 petition (Bankr. D.N.J. Case No.
24-11142) on Feb. 6, 2024. In the petition signed by its executive
director, James F. Karwoski, the Debtor disclosed as much as $1
million in both assets and liabilities.

Judge Christine M. Gravelle oversees the case.

The Law Firm of Andre L. Kydala serves as the Debtor's bankruptcy
counsel.


EAST HARLEM TUTORIAL: S&P Lowers Revenue Bond LT Rating to 'BB'
---------------------------------------------------------------
S&P Global Ratings lowered its long-term rating to 'BB' from 'BB+'
on Build NYC Resource Corp.'s series 2022 revenue bonds issued for
East Harlem Scholars HS LLC and East Harlem Center LLC (East Harlem
HS LLC) on behalf of East Harlem Tutorial Program (EHTP). The
outlook is stable.

"The rating action reflects our view of EHTP's weakened financial
profile and somewhat weakened balance sheet," said S&P Global
Ratings credit analyst David Holmes.

East Harlem Scholars HS and East Harlem Center are Delaware limited
liability companies that hold and develop real estate property for
their sole member entity, EHTP, a nonprofit entity that leases
facilities to East Harlem Scholars Academy (EHSA), which operates
the schools.

The stable outlook reflects S&P's view that EHSA will increase
enrollment as projected through its construction projects, while
maintaining its overall demand profile.



ENDO INT'L: Binder Updates List of Public School District Creditors
-------------------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the law firm of Binder & Schwartz submitted a fourth amended
verified statement to disclose that it is representing the Public
School District Creditors in the Chapter 11 cases of Endo
International PLC, et al.

Binder & Schwartz represents the Rochester City School District,
the other public school districts identified in Exhibit A hereto
(collectively the "Public School District Creditors"), and such
other public school districts as may subsequently join, in their
individual and/or representative capacities, the putative class
action pending in the United States Northern District of Ohio under
Case No. 1:19-op-46042-DAP (consolidated with In re Nat'l
Prescription Opiate Litig., No. 17-md-2804 (N.D. Ohio)).

Since the filing of the Amended Rule 2019 Statement, there have
been further changes to the membership of the Public School
District Creditors.

Binder & Schwartz does not currently represent or claim to
represent any other entity with respect to any of the Debtors'
cases under the Bankruptcy Code and does not hold any claim against
or interest in any of the Debtors or any of the Debtors' estates.

The names of the Public School District Creditors are:

  School District                                 State
  --------------                                  -----
Downey Unified School District                  California
Elk Grove Unified School District               California
Kern High School District                       California
Lassen County Office of Education               California
Susanville School District                      California
Mesa County Valley School District 51           Colorado
Clay                                            Florida
Duval                                           Florida
Miami-Dade                                      Florida
Putnam                                          Florida
Lafayette County                                Florida
Nassau School District                          Florida
St. Johns County                                Florida
Bibb County School District                     Georgia
East Aurora Public Schools                      Illinois
Joliet Public Schools, District 204             Illinois
The Board of Education of the City of Chicago,  Illinois
School District No. 299
Thornton Fractional High Schools, District 215  Illinois
Thornton Township High School District 205      Illinois
Waukegan Community Unit School District         Illinois
Fort Wayne Community Schools                    Indiana
School City of Mishawaka                        Indiana
Smith-Green Community Schools                   Indiana
South Bend Community School Corp.               Indiana
Breathitt                                       Kentucky
Bullitt                                         Kentucky
Estill                                          Kentucky
Fayette                                         Kentucky
Harrison County Public Schools                  Kentucky
Hart County Public Schools                      Kentucky
Jefferson County                                Kentucky
Johnson County Public Schools                   Kentucky
LaRue                                           Kentucky
Lawrence County Public Schools                  Kentucky
Martin                                          Kentucky
Menifee County Public Schools                   Kentucky
Owsley County Public Schools                    Kentucky
Wolfe County Public Schools                     Kentucky
Bangor School Department                        Maine
Cape Elizabeth School District                  Maine
Ellsworth School Department                     Maine
Portland School District                        Maine
Regional School Unit 10                         Maine
Regional School Unit 13                         Maine
Regional School Unit 25                         Maine
Regional School Unit 26                         Maine
Regional School Unit 29                         Maine
Regional School Unit 34                         Maine
Regional School Unit 40                         Maine
Regional School Unit 50                         Maine
Regional School Unit 57                         Maine
Regional School Unit 60                         Maine
Regional School Unit 68                         Maine
Regional School Unit 71                         Maine
Regional School Unit 9                          Maine
School Administrative District 11               Maine
School Administrative District 15               Maine
School Administrative District 28 /             Maine
Five Town Central School District
School Administrative District 35               Maine
School Administrative District 44               Maine
School Administrative District 53               Maine
School Administrative District 55               Maine
School Administrative District 6                Maine
School Administrative District 61               Maine
School Administrative District 72               Maine
Scarborough School District                     Maine
South Portland School District                  Maine
St. George Municipal School District            Maine
Waterville School District                      Maine
Baltimore City Board of School Commissioners    Maryland
Washington County                               Maryland
Minnetonka Public School District               Minnesota
Goshen School District                       New Hampshire
Kearsarge RSU School Administrative Unit 65  New Hampshire
Lebanon School District                      New Hampshire
Pittsfield School District                   New Hampshire
Tamworth School District                     New Hampshire
Board of Education of Eunice Public School      New Mexico
District
Board of Education of Gallup-McKinley County    New Mexico
School District
Board of Education of Rochester City School     New York
District
Eden Central School District                    New York
Hinsdale Central School District                New York
Hornell City School District                    New York
Jamestown City School District                  New York
Monroe 2 Board of Cooperative Educational       New York
Services
Southwestern Central School District            New York
Tonawanda City School Districts                 New York
East Aurora                                     New York
West Seneca Central School District             New York
Ashland City School District                    Ohio
Board of Education of Boardman Local Schools    Ohio
Board of Education of Liberty Local Schools     Ohio
Chippewa LSD                                    Ohio
East Holmes LSD                                 Ohio
Green Local School District                     Ohio
Hillsdale Local Schools                         Ohio
Maple Heights CSD                               Ohio
Mapleton LSD                                    Ohio
Northwestern LSD                                Ohio
Norwayne Local Schools                          Ohio
Orville City School District                    Ohio
Perry Local School District                     Ohio
Rittman Exempted Village Schools                Ohio
Rootstown Local Schools                         Ohio
Southeast LSD                                   Ohio
Tri-County Education Service Center             Ohio
Triway Local                                    Ohio
Wayne County Joint Vocational                   Ohio
West Holmes Local Schools                       Ohio
Wooster City Schools                            Ohio
Hamblen                                         Tennessee
Hancock                                         Tennessee
Alief ISD 903                                   Texas
Dallas Community College District               Texas
Dallas ISD                                      Texas
Garland ISD                                     Texas
Houston ISD                                     Texas
Richardson ISD                                  Texas
Irving Independent School District              Texas
Socorro Independent School District             Texas
Texarkana Independent School District           Texas
Kanawha County Board of Education               West Virginia
Marion Board of Education                       West Virginia
Mason                                           West Virginia
McDowell County Board of Education              West Virginia
Wyoming County Board of Education               West Virginia

Attorneys for the Public School District Creditors:

     BINDER & SCHWARTZ LLP
     Eric B. Fisher, Esq.
     675 Third Avenue, 26th Floor
     New York, New York 10017
     Tel: (212) 510-7008
     Facsimile: (212) 510-7299
     E-mail: efisher@binderschwartz.com

                   About Endo International

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

On Aug. 16, 2022, Endo International and certain of its
subsidiaries initiated voluntary prearranged Chapter 11 proceedings
(Bankr. S.D.N.Y. Lead Case No. 22-22549).

On May 25, 2023, Operand Pharmaceuticals Holdco II Limited and
Operand Pharmaceuticals Holdco III Limited each filed a voluntary
Chapter 11 petition also in the U.S. Bankruptcy Court for the
Southern District of New York.  On May 31, 2023, Operand
Pharmaceuticals II Limited and Operand Pharmaceuticals III Limited
each filed a voluntary Chapter 11 petition also in the Southern
District of New York.

The Company's cases are jointly administered before the Honorable
James L. Garrity, Jr.

Endo initiated the financial restructuring process after reaching
an agreement with a group of its senior debtholders on a
transaction that would substantially reduce outstanding debt,
address remaining opioid and other litigation-related claims, and
best position Endo for the future.  This would allow the Company to
advance its ongoing business transformation from a strengthened
financial position to create compelling value for its stakeholders
over the long term.

Endo's India-based entities are not part of the Chapter 11
proceedings. The Company has filed recognition proceedings in
Canada and expects to file similar proceedings in the United
Kingdom and Australia.

The Debtors tapped Skadden, Arps, Slate, Meagher & Flom, LLP as
legal counsel; PJT Partners, LP as investment banker; and Alvarez &
Marsal North America, LLC as financial advisor. Kroll Restructuring
Administration, LLC, is the claims agent and administrative
advisor.  A Web site dedicated to the restructuring is at
http://www.endotomorrow.com/               

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


ERCOLE USA: Court OKs Interim Cash Collateral Access
----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida,
West Palm Beach Division, authorized Ercole USA LLC dba FBA
Fortified and Ballistic Security to use cash collateral on an
interim basis, in accordance with the budget, with a 10% variance.

The Debtor requires the use of cash collateral to purchase goods,
pay vendors, pay its fixed operating expenses, and pay staff.

City National Bank of Florida, may claim a secured lien interest
in, inter alia, the Debtor's cash and accounts receivable by virtue
of the filing of a UCC-1 on October 20, 2020. There is an
approximate outstanding balance of $495,000 owed on that loan.

Another unidentified creditor or creditors have filed anonymous
UCC-1's alleging blanket liens. These are in a secured party name
identified only as "Chartered" and dated January 5, 2022 and July
8, 202. The Debtor has incurred no indebtedness to any creditor
with this name, so these creditors should be considered improperly
perfected, In any event, these filings post date the City National
lien and based on the information below, they are wholly unsecured
creditors with no valid cash collateral interest.

Alleged creditor Fintegra LLC asserts that it is a secured creditor
by virtue of a UCC-1 filed on December 13, 2023, less than 75 days
prepetition, and related to funds provided to the debtor of an
undefined date (but certainly not any time proximal to this
filing). This creditor holds at best a voidable preference and its
alleged lien interest will be voided by the Debtor, if not of its
own volition.

The total value of Debtors assets, including its cash and accounts
receivable, is no more than the $250,000 as listed on the Debtor's
Schedules. City National is the only creditor with a cash
collateral interest, and that interest is as an undersecured
creditor.

The Debtor is permitted to grant replacement liens on the Debtor's
accounts receivable, in the same priority and extent as any
creditor held a valid, perfected lien prior to the filing of the
Chapter 11 case.

A final hearing on the matter is set for February 27, 20245 at 1:30
p.m
.
A copy of the motion is available at https://urlcurt.com/u?l=EqUpcS
from PacerMonitor.com.
A copy of the order is available at https://urlcurt.com/u?l=LgYo9f
from PacerMonitor.com.

        About Ercole USA LLC

Ercole USA LLC d/b/a FBS Fortified and Ballistic Security and
Custom Security Doors offers security doors and windows.

Ercole USA LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
24-10853) on Jan. 30, 2024. In the petition signed by David
Vranicar as managing director, the Debtor estimated $92,428 in
assets and $1,513,380 in liabilities.

Judge Mindy A Mora presides over the case.

Julianne Frank, Esq. at JULIANNE FRANK, ATTY AT LAW represents the
Debtor as counsel.


ESCAMBIA OPERATING: Trustee Seeks Approval to Hire Accountants
--------------------------------------------------------------
Drew McManigle, the trustee appointed in the Chapter 11 cases of
Escambia Operating Company, LLC and Escambia Asset Company, LLC,
seeks approval from the U.S. Bankruptcy Court for the Southern
District of Mississippi to employ Matthews, Cutrer and Lindsay,
PA.

The trustee requires an accountant to:

     (a) assist or prepare the filing of required financial reports
and operating reports, specifically monthly operating reports
through the first quarter of 2024;

     (b) prepare and file the required tax documents with the
appropriate state and federal agencies for the years 2023 and 2024;


     (c) prepare forms 1099-MISC to royalty owners or seek
extensions of the due date from the Internal Revenue Service (IRS);
and

     (d) render such other accounting services as may be requested
by the trustee.

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

      H. Kenneth Lefoldt, Jr., CPA    $375
      Associates                      $200

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

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

The firm can be reached through:
     
     Kenneth Lefoldt, Jr., CPA
     Matthews, Cutrer and Lindsay, PA
     1020 Highland Colony Parkway, Ste. 500
     Ridgeland, MS 39157    
     Telephone: (601) 898-8875
     Email: mcl@mcl.cpa

                  About Escambia Operating Company

Escambia Operating Company, LLC and Escambia Asset Company, LLC
filed Chapter 11 petitions (Bankr. S.D. Miss. Lead Case No.
23-50491) on April 2, 2023, with $10 million to $50 million in both
assets and liabilities.

Judge Jamie A. Wilson oversees the cases.

Drew McManigle, the Chapter 11 trustee appointed in the Debtors'
cases, tapped Jones Walker, LLP as bankruptcy counsel; MACCO
Restructuring Group, LLC as financial advisor; M P Boots Petroleum
Engineering Services, LLC as valuation advisor; and Matthews,
Cutrer and Lindsay, PA as accountant.


EYE CARE: Court OKs $8MM DIP Loan from Create Capital
-----------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, authorized Eye Care Leaders Portfolio Holdings,
LLC and its affiliates to use cash collateral and obtain
postpetition financing, on an interim basis.

The Debtors obtained a senior secured postpetition financing
facility from Create Capital LLC consisting of a superpriority
debtor-in-possession credit facility pursuant to the terms and
conditions of the Superpriority Secured Debtor in Possession Credit
Facility Term Sheet. The DIP Facility consists of a superpriority
priming line of credit and term loan facility with an aggregate
principal amount of up to $8 million.

The Debtors are permitted in the interim to draw DIP Loans in the
maximum amount of $1.3 million, subject to compliance with the
terms, conditions, and covenants described in the DIP Term Sheet,
the Interim DIP Order, and the Approved Budget.

All DIP Obligations will be due and payable in full in cash unless
otherwise agreed to by the DIP Lender in writing on the earliest
of:

     (i) July 31, 2024;
    (ii) if the Final DIP Order has not been entered, 35 days after
the Petition Date;
   (iii) the acceleration of the DIP Loan and the termination of
the DIP Commitments upon the occurrence of an Event of Default,
    (iv) the effective date of any plan of reorganization;
     (v) the date the Court converts any of the Chapter 11 Cases to
a case under Chapter 7 of the Bankruptcy Code;
    (vi) the date the Court dismisses any of the Chapter 11 Cases;
   (vii) the consummation of the sale of all or substantially all
of the Debtors' assets; and
  (viii) the date an order is entered in any of the Chapter 11
Cases appointing a chapter 11 trustee or examiner with enlarged
powers.

Principal of, and accrued interest on, the DIP Loan and all other
amounts owing to the DIP Lender under the DIP Facility will be
payable on the DIP Termination Date.

The Debtors are required to comply with these milestones:

      1. No later than seven days after filing the Motion, the
Court must have entered the Interim DIP Order;
      2. No later than 14 days after the Petition Date, the Debtors
must with the Court a motion to approve procedures for the
marketing and sale of the Debtors' assets in form and substance
reasonably acceptable to the DIP Lender;
      3. No later than 21 days after the Bid Procedures Motion is
filed, the Bankruptcy Court must have entered an order approving
the same. The Bid Procedures Order and applicable bid procedures
must, consistent with the DIP Term Sheet, authorize and approve the
DIP Lender's credit bid of the DIP Obligations, in whole or in
part, pursuant to 11 U.S.C. section 363(k) for any or all of the
Debtors' assets;
      4. Not later than 30 days after entry of the Bid Procedures
Order, the Court must have entered an order approving one or more
sales of the Debtors' assets; and
      5. No later than 35 days after the Petition Date, the Court
must have entered the Final DIP Order.

Between 2014 and 2017, certain of the Debtors entered into multiple
allegedly secured term loan agreements with various entities
related to GHTG Investment, LLC for the purpose of acquiring
certain other Debtor entities. Each Prepetition Term Loan, if truly
debt, is due at maturity, bears interest at rates of 5-5.50% per
annum and matures in either June 2029 or December 2029. As of the
Petition Date, the outstanding aggregate principal and interest due
under the Prepetition Term Loans purports to be approximately $118
million. The Debtors have no other long-term debt obligations.

As a condition to entry into the DIP Loan Documents, the extensions
of credit under the DIP Facility and the authorization to use cash,
the Debtors have agreed, that proceeds of the DIP Facility and cash
will be used in accordance with the terms of the Interim DIP Order,
the DIP Loan Documents, and the Approved Budget, solely to (i)
provide working capital and for general corporate purposes of the
Debtors during the Chapter 11 Cases; (ii) pay interest, fees, costs
and expenses related to the DIP Facility; (iii) pay the fees, costs
and expenses of the estate professionals retained in the Chapter 11
Cases as set forth in the Approved Budget and approved by the
Bankruptcy Court; (iv) pay the DIP Lender Reimbursements; (v) make
all permitted payments of costs of administration of the Chapter 11
Cases; and (vi) pay such prepetition expenses as are consented to
by the DIP Lender and approved by the Bankruptcy Court.

As security for the DIP Obligations, the DIP Lender is granted
security interests in and liens and mortgages upon all tangible and
intangible prepetition and postpetition property in which any or
each of the Debtors or their respective Estates have an interest of
any kind or nature, whether existing on or as of the Petition Date
or thereafter acquired or created, wherever located.

The Prepetition Lenders are granted, pursuant to 11 U.S.C. sections
361, 362, 363(c)(2), and 363(e), replacement liens on the
Prepetition Collateral to the same extent, validity and priority as
existed prior to the Petition Date, subject and subordinate only to
(i) the DIP Liens and (ii) the Carve Out.

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

      1. Failure to make payments when due under the DIP Loan
Documents;
      2. Invalidity of the DIP Loan Documents;
      3. Any of the Debtors will file a pleading seeking to vacate
or modify the Interim DIP Order or the Final DIP Order over the
objection of the DIP Lender;
      4. Entry of an order without the prior written consent of the
DIP Lender amending, supplementing or otherwise modifying the
Interim DIP Order or the Final DIP Order; and
      5. Reversal, vacatur or stay of the effectiveness of the
Interim DIP Order or the Final DIP Order except to the extent
reversed within five Business Days.

The Carve-Out means (i) all fees required to be paid to the Clerk
of the Bankruptcy Court and to the Office of the U.S. Trustee under
28 U.S.C. section 1930(a) plus interest pursuant to 31 U.S.C.
section 3717; (ii) to the extent allowed by the Bankruptcy Court at
any time, whether by interim order, final order, or otherwise, all
accrued and unpaid fees, disbursements, costs and expenses incurred
by persons or firms retained by the Debtors pursuant to 11 U.S.C.
sections 327, 328 or 363 and all accrued unpaid fees,
disbursements, costs and expenses incurred by the Committee (if
any) pursuant to 11 U.S.C. sections 328 and 1103 at any time before
or on the first business day following delivery by the DIP Lender
of a Carve Out Trigger Notice, whether allowed by the Bankruptcy
Court prior to or after delivery of a Carve Out Trigger Notice; and
(iii) Allowed Professional Fees of Estate Professionals in an
aggregate amount not to exceed $200,000 incurred after the first
business day following delivery by the DIP Lender of a Carve Out
Trigger Notice, to the extent allowed at any time, whether by
interim order, final order, or otherwise.

A final hearing on the matter is set for March 11, 2024 at 1:30
p.m.

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

                 About Eye Care Leaders Portfolio

Eye Care Leaders Portfolio Holdings, LLC, provides a suite of
software specifically geared towards ophthalmology and optometry
practices, practice management, surgical, revenue cycle management
(RCM), MIPS reporting and more.  Eye Care Leaders is a one-stop
shop for eye care specialists and their patients.

Eye Care Leaders and more than 30 of its affiliates sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Tex. Lead
Case No. 24-80001) on Jan. 16, 2024.  In the petition filed by
CEO/portfolio Sophie Turrell, Eye Care disclosed $100 million to
$500 million in assets against $500 million to $1 billion in debt.

Hon. Michelle V. Larson presides over the cases.

Gray Reed is the Debtors' bankruptcy counsel.  B. Riley Financial
Inc. is the Debtors' financial advisor.





EYEWEAR SHOP: Unsecureds Owed $10K+ to Recover 7.67% in 60 Months
-----------------------------------------------------------------
Eyewear Shop LLC filed with the U.S. Bankruptcy Court for the
District of Puerto Rico a Disclosure Statement and Plan of
Reorganization dated February 15, 2024.

The Debtor operates an optical and lens store in San Juan, Puerto
Rico. Before filing for bankruptcy, the Debtor managed its own
professional and personal financial affairs.

The Debtor has executed significant measures and adjustments to
reorganize its financial affairs, that include the reduction of its
staff, restructure of services and adaptation of inventory to the
specific demands of its customers and the imminent transfer of
operations to a substantially less expensive commercial space.

This Plan proposes to pay creditors of the Debtor with funds from
the cash flow from its future income of its optical and lens store
small business that operates in San Juan, Puerto Rico.

This Plan provides for secured claims classified in Class 1;
general unsecured ($10,000 or less) classified in Class 2; general
unsecured ($10,001 or more) classified in Class 3; insider and
equity security holders classified in Class 4. This Plan also
provides for the payment of administrative expenses, unsecured
priority claims and executory lease contracts, which are
unclassified classes.

Class 2 consists of General unsecured claims in the amount $10,000
or less (convenience class).  One-time cash dividend of $1,000,
payable at effective date on a pro-rata basis over the amount of
allowed claims in this class. Currently, the cash dividend
represents 5.55% of the allowed claims within this class.

Class 3 consists of General unsecured in the amount of $10,001 or
more. Monthly cash dividend of $250, beginning on the effective
date of the plan, during a period of 60 consecutive months,
distributed on a pro-rata basis over the amount of allowed claims
in this class. The sum of these 60 monthly payments is $15,000 and
currently represents 7.67% of the allowed claims within this class.


Class 4 consists of Equity Interest Holders. There will be no
distribution to this class.

Payments and distributions under the Plan will be funded by the
cash flow from future income of the Debtor.

A full-text copy of the Disclosure Statement dated February 15,
2024 is available at https://urlcurt.com/u?l=S9beRx from
PacerMonitor.com at no charge.

Attorney for the Debtor:
   
     Carlos A. Ruiz Rodriguez, Esq.
     Licenciado Carlos Alberto Ruiz, LLC
     P.O. Box 1298
     Caguas, PR 00726
     Telephone: (787) 286-9775
     Email: carlosalbertoruizquiebras@gmail.com

                     About Eyewear Shop

Eyewear Shop, LLC, operates an optical and lens store in San Juan,
Puerto Rico.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D.P.R. Case No. 23-01967) on June 28, 2023,
with as much as $1 million in both assets and liabilities.

The Debtor tapped Carlos A. Ruiz Rodriguez, Esq., at Licenciado
Carlos Alberto Ruiz, LLC as bankruptcy counsel and Albert Tamarez
Vasquez, CPA, at Tamarez CPA, LLC as accountant.


FAIR STATE BREWING: Court OKs Cash Collateral Access Thru March 4
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Minnesota authorized
Fair State Brewing Cooperative to use cash collateral on an interim
basis, in accordance with the budget, through March 14, 2024,
except that interim cash collateral usage may not include payments
identified in Debtors' prepetition payroll motion as bonuses in the
amount of $6,300 and $2,799.

The financial issues suffered by the Debtor are primarily COVID
related, and the Debtor believes that if allowed to reorganize,
increased lines of business and the general recovery of its current
business will allow it to pay all of its secured creditors and pay
a substantial return to its unsecured creditors.

The Debtor believes that Live Oak Capital's US Small Business
Administration loan has first priority over the cash assets of the
Debtor. The Debtor believes that the SBA (except as to its rights
under any agreement with Live Oak Capital) and the two remaining
claimants in the cash assets of the Debtor, Vox Funding, LLC and
Specialty Capital, are completely unsecured as to those cash
assets. Vox Financing claims its agreement is not a loan but rather
an interest in future receivables but has filed a contingent
interest in the cash assets of the Debtor. The Debtor believes that
Vox Funding is, at most, a secured creditor of the Debtor.

The Debtor believes that the Live Oak Bank, the SBA, Vox Funding
and Specialty Capital are the only entities or individuals that
have an interest in their cash collateral.

The Debtor is permitted to grant adequate protection to Live Oak
Bank, The US Small Business Administration, Vox Funding LLC,
Specialty Capital, and FC Capital Holdings, LLC, on the terms as
set forth in the Motion. The replacement liens granted will have
the same dignity, priority and effect as their respective
prepetition interests, if any, but will not include any lien in any
claims under Chapter 5 of the Bankruptcy Code.

A final hearing on the matter is set for March 14 at 9:30 a.m.

A copy of the motion is available at https://urlcurt.com/u?l=4QKIFN
from PacerMonitor.com.
A copy of the order is available at https://urlcurt.com/u?l=Gu47Xp
from PacerMonitor.com.

               About Fair State Brewing Cooperative

Fair State Brewing Cooperative is a consumer-owned brewery.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Minn. Case No. 24-30381) on February 13,
2024.

In the petition signed by D. Evan Sallee, chief executive officer,
the Debtor disclosed $6,101,388 in assets and $5,162,568 in
liabilities.

Judge Katherine A Constantine oversees the case.

Kenneth Edstrom, Esq., at SAPIENTIA LAW GROUP, represents the
Debtor as legal counsel.


FIRST ACCEPTANCE: A.M. Best Affirms FS C++(Marginal) Rating
-----------------------------------------------------------
AM Best has affirmed the Financial Strength Rating (FSR) of C++
(Marginal) and the Long-Term Issuer Credit Ratings (Long-Term ICR)
of "b+" (Marginal) of the subsidiaries of First Acceptance
Corporation (Delaware) [OTCQX: FACO], collectively referred to as
First Acceptance Group (First Acceptance). The outlook for the FSR
is stable while the outlook for the Long-Term ICR is negative. (See
below for a list of companies). Concurrently, AM Best has affirmed
the Long-Term ICR of "ccc-" (Weak) of First Acceptance Corporation.
The outlook of this Credit Rating (rating) is negative.

The ratings reflect First Acceptance's balance sheet strength,
which AM Best assesses as weak, as well as its marginal operating
performance, limited business profile and marginal enterprise risk
management.

The rating affirmations reflect First Acceptance's balance sheet
strength assessment, which is viewed as weak. This position is
supported by risk-adjusted capitalization, as measured by Best's
Capital Adequacy Ratio (BCAR), which remains at the weak level due
to underwriting leverage metrics that are significantly elevated
when compared with the private passenger nonstandard auto composite
and the group's propensity to dramatically grow the book. Despite
organic surplus growth in 2023, which was enhanced by a capital
contribution following the sale of First Acceptance Corporation's
retail agency operation, the capital position remains highly
sensitive to elevated premium and reserve leverage relative
metrics. The negative outlook on the Long-Term ICRs reflect weak
key balance sheet strength metrics and premium growth above
industry thresholds that continue to negatively influence
risk-adjusted adjusted capitalization. While management continues
to focus on improved underwriting leverage through continued
capital-raising efforts and pricing initiatives, these actions have
not yet gained sufficient traction.

First Acceptance's operating performance remains marginal due to
volatility in underwriting results largely attributed to physical
damage severity trends as well as continuing inflationary and
supply chain economic conditions that have elevated vehicle repair
costs. This position is partially offset by a material decline in
the mix of full-coverage polices. In 2023, the rebound in
performance reflected positive earnings that benefited from robust
growth in premium and service fee income associated with the
nonstandard auto business. The limited business profile reflects
First Acceptance's product and geographic concentrations, which are
largely focused on nonstandard auto business that has a history of
volatility due to efforts to maintain rate adequacy and competitive
market conditions. Results in recent years have been further
pressured by physical damage severity trends, as well as continuing
inflationary, supply chain and economic conditions that have
elevated vehicle repair costs.

Although still evolving, the ERM framework continues to be enhanced
with a more-formalized structure integrated into its process by
management. However, uncertainty and execution risks remain due to
the group's aggressive growth, elevated leverage position and
profitability expectations. The stable outlook on the FSR reflects
the expectation that risk-adjusted capitalization will be
maintained at an acceptable level as measured by BCAR to support
the balance sheet strength assessment and near-term business growth
expectations.

The FSR of C++ (Marginal) and the Long-Term ICRs of "b+" (Marginal)
have been affirmed, with a stable outlook on the FSR and a negative
outlook on the Long-Term ICR, for the following pooled subsidiaries
of First Acceptance Corporation:


First Acceptance Insurance Company, Inc.

First Acceptance Insurance Company of Georgia, Inc.

First Acceptance Insurance Company of Tennessee, Inc.




FIRST QUANTUM: S&P Rates New Second-Lien Secured Notes 'B'
----------------------------------------------------------
S&P Global Ratings assigned its 'B' issue rating to
Canada-headquartered copper miner First Quantum Minerals Ltd.'s
(FQM) proposed second-lien secured notes and have placed this
rating on CreditWatch negative. The other 'B' ratings on FQM and
its existing senior unsecured debt remain on CreditWatch negative,
where we placed them on Dec. 7, 2023.

The operations of Canada-headquartered copper miner First Quantum
Minerals Ltd. (FQM) in Panama are still suspended, and we don't
expect any change in the situation until after the general
elections slated for May this year, followed by potential
re-commissioning the operations as early as late 2024.

S&P said, "The CreditWatch reflects that we could lower the ratings
if the transaction is not completed as announced and liquidity
pressure persists. There is still material uncertainty around the
future of operations at Cobre Panama. Contributing more than 50% of
EBITDA under normal circumstances, FQM's Cobre Panama mine is the
group's most important asset. However, the mine was suspended in
November 2023 in the wake of disputes over the constitutionality of
the concession agreement between FQM and the Panamanian government
as well as protests against the country's mining industry.
Currently, the mine is not producing and is in a phase of
preservation and safe management, with more than 1,000 workers
engaged in maintenance on site.

"We think the situation might be resolved later in 2024, after the
general elections in May and the formation of a new government over
the subsequent months. We are unaware of any specific parties that
oppose FQM's operations in the country. Indeed, all seem in favor
of finding a solution given Cobre Panama's importance to the
country's economy, since the mine supports 41,000 jobs and
represents about 5% of Panama's GDP.

"We now assume that FQM will not be able to restart production at
Cobre Panama until 2025. This would lead us to forecast EBITDA of
$1.2 billion-$1.4 billion in 2024, compared with our estimate of
$2.6 billion for 2023. Weighing in FQM's decisions to halt
dividends and reduce capital expenditure (capex), among other
measures to counter EBITDA loss during the mine's closure, we
assume the group's free cash flow in 2024 would reach negative $400
million-$600 million (which includes the S3 expansion capex at
Kansanshi). To cover this, FQM has agreed to the $500 million
unsecured copper prepayment from Jiangxi Copper and is also working
on the realization of the $250 million-worth sale of previously
produced copper concentrate at Cobre Panama."

FQM's planned financial enhancement package should result improve
the liquidity position once it is completed. The package includes:

-- Amending and extending its senior secured term loan and
revolving credit facility (RCF), moving the maturity forward to
April 2027 from Oct 2025 (with amortization spread over June 2025
to April 2027);

-- Equity issue of $1.0 billion; and

-- Issuing new second-lien senior secured notes of $1.6 billion
with maturity in February 2029.

The completed transaction would result in FQM having no maturities
in 2024 and $802 million in 2025. The improved maturity profile,
together with an estimated cash balance of $1.3 billion after the
transaction, should give FQM sufficient liquidity to comfortably
mitigate prolonged operating disruptions at Cobre Panama and to
cover the anticipated negative free operating cash flow for at
least the coming 12-18 months.

S&P said, "The CreditWatch indicates that we may downgrade FQM if
we consider that operational disruptions at Cobre Panama are likely
to lead to a pronounced increase in leverage, weaken liquidity, or
reduce the predictability of the group's overall performance. In
addition, we may regard FQM's business as less resilient if the
contribution from Cobre Panama to EBITDA falls meaningfully below
50%, or the political risk associated with operating the Cobre
Panama mine rises.

"In our view, inability to execute the proposed transaction may
accelerate a downgrade.

"At the same time, we note a successful execution would more than
offset any immediate pressure on the rating."



FLANNERY LLC: Seeks to Hire Brady Law Firm as Counsel
-----------------------------------------------------
FLANNERY LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of Arkansas to employ Brady Law Firm as counsel.

The firm's services include:

     a. advising the Debtor of its rights, powers and duties as
Debtor-in-Possession, including those with respect to the continued
operation and management of its business and property;

     b. advising the Debtor concerning and assisting in the
negotiation and documentation of financing agreements, cash
collateral orders and related transactions;

     c. investigating into the nature and validity of liens
asserted against the property of the Debtor and advising the Debtor
concerning the enforceability of said liens;

     d. investigating into, advising the Debtor concerning and
taking such actions as may be necessary to collect and, in
accordance with applicable law, recover property for the benefit of
the Debtor's estate;

     e. preparing on behalf of the Debtor such applications,
motions, pleadings, orders, notices, schedules and other documents
as may be necessary and appropriate, and reviewing financial and
other reports to be filed herein;

     f. advising the Debtor concerning and preparing responses to
applications, motions, pleadings, notices and other documents which
may be filed and served herein;

     g. counseling the Debtor in connection with the formulation,
negotiation and promulgation of a plan or plans of reorganization
and related documents; and

     h. performing such other legal services for and on behalf of
the Debtor as may be necessary or appropriate in the administration
of the case.

The firm will be paid at these rates:

     Partners          $350 per hour
     Associates        $175 per hour
     Paralegals        $55 to 60 per hour

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

Donald A. Brady, Jr., Esq. a partner at Brady Law Firm, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

      Donald A. Brady, Jr., Esq.
      BRADY LAW FIRM
      249 North Main
      Cave Springs, AR 72718
      Telephone: (479)935-2632
      Email: don@bradylaw-nwa.com

              About Flannery LLC

Flannery, LLC filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. E.D. Ark. Case No. 24-10014) on January
3, 2024, with up to $50,000 in assets and $100,001 to $500,000 in
liabilities.

Judge Richard D. Taylor oversees the case.

Carl W. Hopkins, Esq., represents the Debtor as legal counsel.


FLOREZ GROUP: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: The Florez Group, Inc.
            Drupal Connect
            Rightworks
        1201 Kenwood Avenue
        Austin, TX 78704

Business Description: The Debtor offers Drupal Support, Drupal
                      Staffing and Web Development Services.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Western District of Texas

Case No.: 24-10182

Judge: Hon. Shad Robinson

Debtor's Counsel: Frank B Lyon, Esq.
                  FRANK B LYON
                  PO Box 50210
                  Austin TX 78763-0210
                  Email: frank@franklyon.com

Total Assets: $306,580

Total Liabilities: $3,296,499

The petition was signed by John. F. Florez as president.

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

https://www.pacermonitor.com/view/QQZ3QGY/The_Florez_Group_Inc__txwbke-24-10182__0001.0.pdf?mcid=tGE4TAMA


FLUID CONSTRUCTION: Updates Unsecured Claims Pay; Amends Plan
-------------------------------------------------------------
Fluid Construction, Inc., submitted a Second Amended Plan of
Reorganization dated February 15, 2024.

The Debtor is a full-service commercial construction company,
providing a skilled labor force for underground site development
projects across the State of Florida.

Class 2 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 unsecured creditors a pro rata portion of $18,000. Payments
will be made in equal quarterly payments of $1,500.00. Payments
shall commence on the fifteenth day of the month, on the first
month that begins after the Effective Date and shall continue
quarterly for eleven additional quarters. 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 class 3 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, Debtor proposes
to pay unsecured creditors a pro rata portion of $14,488.00, 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 April 30, 2024, shall continue yearly for two
additional years on April 30. The initial projected annual payment
shall be $4,000.00. Holders of class 2 claims shall be paid
directly by the Debtor.

Class 3 consists of any and all equity interests and warrants
currently issued or authorized in the Debtor. This Class is
Unimpaired. Holders of a Class 3 interests shall retain their full
equity interest in the same amounts, percentages, manner and
structure as existed on the Petition Date.

Class 4 consists of the Secured Claim of Santander. This Claim is
secured by a lien on the Santander Collateral. The Class 4 Secured
Claim is approximately $43,766.24, less payments made pre
confirmation. This Class is Unimpaired. Santander shall retain its
lien on the Santander Collateral, and the Debtor shall pay the
Santander Secured Claim in accordance with the contract documents
that gave rise to said claim.

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 Second Amended Plan dated February 15, 2024
is available at https://urlcurt.com/u?l=ud850X from
PacerMonitor.com at no charge.

Counsel for the Debtor:

     Jeffrey S. Ainsworth, Esq.
     BRANSONLAW, PLLC
     1501 E. Concord St.
     Orlando, FL 32803
     Telephone: (407) 894-6834
     Facsimile: (407) 894-8559
     Email: jeff@bransonlaw.com
            jacob@bransonlaw.com

                   About Fluid Construction

Fluid Construction Inc. is a company in Clermont, Fla., which
offers construction and repair or restoration services.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 23-03376) on Aug. 18,
2023, with $142,852 in assets and $2,339,979 in liabilities Charles
Tirri, chief executive officer, signed the petition.

Judge Lori V. Vaughan oversees the case.

Jeffrey S. Ainsworth, Esq., at Bransonlaw, PLLC, is the Debtor's
bankruptcy counsel.


FRANCISCAN FRIARS: Hires George Dooley as Chief Financial Officer
-----------------------------------------------------------------
Franciscan Friars Of California, Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of California to employ
George Dooley as chief financial officer.

Mr. Dooley will provide expert consulting services to support the
Debtor and its counsel including, but not limited to:

     a. financial analysis and support;

     b. governance documents and overviews;

     c. asset identification and commentary;

     d. documentation and context involving financial
transactions;

     e. loan and grant documents with associated resolutions;

     f. serve as coordination point to identify and engage
appropriate parties; and

     g. efficiently source, analyze and interpret other
documentation for and as requested by counsel.

Mr. Dooley will be paid at the rate of $500 per hour. The retainer
is $30,000.

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

              About Franciscan Friars of California, Inc.

The Debtor is a tax-exempt religious organization. The Debtor was
formed to provide religious, charitable, and educational acts,
ministry, and service to the poor.

Franciscan Friars of California, Inc. in Oakland, CA, filed its
voluntary petition for Chapter 11 protection (Bankr. N.D. Cal. Case
No. 23-41723) on December 31, 2023, listing $1 million to $10
million in assets and $10 million to $50 million in liabilities.
David Gaa, OFM, president of the Debtor, signed the petition.

Judge William J Lafferty oversees the case.

BINDER & MALTER, LLP serve as the Debtor's legal counsel.


GATOR HOLDCO: S&P Withdraws 'B-' Issuer Credit Rating
-----------------------------------------------------
S&P Global Ratings withdrew all of its ratings on Gator Holdco (UK)
Ltd., including its 'B-' issuer credit rating and 'B-' and 'CCC'
issue-level ratings on its first- and second-lien debt,
respectively, at the issuer's request. At the time of the
withdrawal, its outlook on the company was stable.



GENESIS GLOBAL: McDermott Updates List of Genesis Crypto Creditors
------------------------------------------------------------------
The law firm McDermott Will & Emery LLP filed a third amended
verified statement pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure to disclose that in the Chapter 11 cases of
Genesis Global Holdco, LLC and its affiliated debtors, the firm
represents the Genesis Crypto Creditors Ad Hoc Group.

Since filing the Second Amended Verified Statement, the Genesis
Crypto Creditors Ad Hoc Group has had further changes to the
members of the group.

Additional creditors of the Debtors may become clients of McDermott
and members of the Genesis Crypto Creditors Ad Hoc Group and
certain members of the Genesis Crypto Creditors Ad Hoc Group may
cease to be members in the future.

The Members of Genesis Crypto Creditors Ad Hoc Group's nature and
amount of disclosable economic interests held in relation to the
Debtors are: Member 1; Member 2; Member 3 ($24,546.01); Member 4;
Member 5; Member 6; Member 7; Member 8; and Member 9.

Counsel to the Genesis Crypto Creditors Ad Hoc Group:

     McDERMOTT WILL & EMERY LLP
     Darren Azman, Esq.
     Joseph B. Evans, Esq.
     Lucas Barrett, Esq.
     One Vanderbilt Avenue
     New York, NY 10017-3852
     Telephone: (212) 547-5400
     Facsimile: (212) 547-5444
     E-mail: dazman@mwe.com
     E-mail: jbevans@mwe.com
     E-mail: lbarrett@mwe.com

            - and -

     Gregg Steinman, Esq.
     333 SE 2nd Avenue, Suite 4500
     Miami, FL 33131-2184
     Telephone: (305) 329-4473
     Facsimile: (305) 503-8805
     E-mail: gsteinman@mwe.com

                      About Genesis Global

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

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

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

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

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

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

The ad hoc group of creditors is represented by Kirkland & Ellis,
LLP and Kirkland & Ellis International, LLP.  The ad hoc group of
Genesis lenders is represented by Proskauer Rose, LLP.  The U.S.
Trustee for Region 2 appointed an official committee to represent
unsecured creditors in the Debtors' Chapter 11 cases.  The
committee tapped White & Case, LLP as bankruptcy counsel; Houlihan
Lokey Capital, Inc., as investment banker; Berkeley Research Group,
LLC as financial advisor; and Kroll as information agent.


GISOTI PLUMBING: Seeks to Hire Boyle Legal as Bankruptcy Counsel
----------------------------------------------------------------
Gisoti Plumbing and Heating Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of New York to employ
Boyle Legal, LLC.

The Debtor requires legal counsel to:

     (a) advise the Debtor concerning its powers and duties in the
continued operation of its business and its management of its
property;

     (b) take necessary actions to avoid liens against the Debtor's
property, remove restraints against its property, and such other
actions to remove any encumbrances and liens that are avoidable;

     (c) take necessary action to enjoin and stay until final
decree herein any attempts by secured creditors to enforce liens
upon the property of the Debtor in which property has substantial
equity;

     (d) represent the Debtor in any proceedings which may be
instituted in this court by creditors or other parties in interest
during the course of this proceeding;

     (e) prepare necessary legal papers; and

     (f) perform all other bankruptcy legal services.

Michael Boyle, Esq., a partner at Boyle Legal, will be paid at his
hourly rate of $375. Paralegal assistants will be paid $100 to $150
per hour.

The firm received an initial retainer of $20,000, inclusive of
filing fees.

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

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

The firm can be reached through:
     
     Michael Boyle, Esq.
     Boyle Legal, LLC
     64 2nd Street
     Troy, NY 12180
     Telephone: (518) 407-3121
     Fax: 518-516-5075
     Email: mike@boylebankruptcy.com

               About Gisoti Plumbing and Heating

Gisoti Plumbing and Heating, Inc. is a full-service plumbing and
heating, ventilation and air conditioning (HVAC) company in Troy,
N.Y.

The Debtor filed Chapter 11 petition (Bankr. N.D.N.Y. Case No.
24-10173) on Feb. 19, 2024, with up to $10 million in both assets
and liabilities. Greg Gisoti, president, signed the petition.

Michael Boyle, Esq., at Boyle Legal, LLC represents the Debtor as
bankruptcy counsel.


GRAY TELEVISION: Closes Refinancing, Expansion of Loan Facility
---------------------------------------------------------------
Investing.com reports that Gray Television, Inc. (NYSE: NYSE:GTN),
a major local television station owner in the United States, has
successfully closed the refinancing and expansion of its revolving
credit facility, the company announced Feb. 17.  Concurrently, Gray
has deferred its planned refinancing of a $1.19 billion term loan
due in 2026, attributing the decision to the current market
conditions.

On February 8, 2024, Gray received around $110 million in pre-tax
cash proceeds from the sale of Broadcast Music, Inc. (BMI) to an
investor group led by New Mountain Capital, LLC. This sale was
previously disclosed and is part of Gray's strategic financial
maneuvers.

Initially, on January 30, 2024, Gray had initiated a process to
refinance a portion of its senior credit facilities. However,
fluctuations in the capital markets prompted the company to
postpone the refinancing of its substantial term loan.  Despite
this setback, Gray's banking partners demonstrated continued
confidence by assisting in the amendment and extension of its $500
million revolving credit facility.

Due to robust demand, the company not only refinanced but also
increased its revolving credit facilities to $625 million. The
upsized facility includes a $552.5 million credit line maturing on
December 31, 2027, and a $72.5 million line maturing on December 1,
2026. Gray confirmed that it has not drawn any amounts on these
facilities as of now. The transaction involved payment of fees and
expenses in cash upon closing.

Gray Television, headquartered in Atlanta, Georgia, is recognized
as the largest owner of top-rated local television stations and
digital assets in the U.S. The company's stations serve 113
television markets, reaching approximately 36 percent of U.S.
television households. Its portfolio includes markets where it
operates the top-rated or second-highest rated television station.
Additionally, Gray owns several video program companies and studio
production facilities.
  
                    About Gray Television

Gray Television, Inc., a television broadcast company, owns and
operates television stations and digital assets in the United
States.  The company was formerly known as Gray Communications
Systems, Inc. and changed its name to Gray Television, Inc. in
August 2002.  Gray Television, Inc. was founded in 1897 and is
headquartered in Atlanta, Georgia.


GRAY TELEVISION: Moody's Rates New $625MM Revolver Loans 'Ba3'
--------------------------------------------------------------
Moody's Investors Service assigned Ba3 ratings to Gray Television,
Inc.'s ("Gray" or the "company") new two-tranche $625 million
senior secured revolving credit facilities (RCF) comprising a $72.5
million guaranteed first-lien RCF due December 1, 2026 and $552.5
million guaranteed first-lien RCF due December 31, 2027.
Additionally, Moody's withdrew the Ba3 ratings on the company's
existing two-tranche $500 million senior secured revolving credit
facilities consisting of a $75 million guaranteed first-lien RCF
due January 2, 2026 and $425 million guaranteed first-lien RCF due
December 1, 2026. Moody's also withdrew the Ba3 ratings on the
company's proposed senior secured bank credit facilities launched
on January 30 comprising a $500 million guaranteed first-lien RCF
due 2027 and $1.19 billion guaranteed term loan F due 2029 given
that the refinancing transaction was not consummated. Gray's B2
Corporate Family Rating and stable outlook remain unchanged.

The new two-tranche RCFs were executed via an amendment to the
current credit agreement to upsize and extend the maturities of the
existing two-tranche $500 million RCFs. The new credit facilities
were issued by the same borrower, secured by the same collateral
package and guaranteed by similar guarantors as the existing credit
facilities. The abandoned $1.19 billion guaranteed term loan F due
2029 was intended to refinance and extend the maturity of the
existing $1.19 billion senior secured term loan E due January 2,
2026. Notwithstanding the cancelled refinancing, Moody's expects
Gray to address the 2026 maturity well before it becomes current.

RATINGS RATIONALE

Gray's B2 CFR is supported by the company's quasi-national
footprint and scale across its network of broadcast stations, their
significant reach and strong market positions. Gray is one of the
largest US broadcasters with 171 owned and operated network
affiliated TV stations across 113 markets of which roughly 70% are
large or mid-sized markets. The company's revenue model benefits
from a mix of recurring retransmission fees that historically
helped to offset the inherent volatility of traditional advertising
revenue. Over the rating horizon, Moody's expects retransmission
revenue growth will be challenged in the low-single digit
percentage range as the rate of subscriber losses outpaces annual
fee increases, which constrains the rating. In even numbered years,
revenue benefits from material political advertising spend,
especially during presidential election years, which can mask
pressure in retransmission revenue, but also boosts EBITDA. During
election years, Gray generates solid free cash flow (FCF), which
declines during non-election years.

The B2 CFR is constrained by the ongoing structural decline in
linear TV core advertising as non-political TV advertising budgets
continue to erode in favor of digital media. Moody's expects Gray's
linear TV core ad revenue will decrease at an annual run-rate in
the low-single digit percentage range, however this could worsen
during periods of weak CPM (cost per thousand impressions) pricing
and/or deteriorating macroeconomic conditions. To offset these
challenges and diversify its operations, Gray has invested in new
technologies, businesses (e.g., Atlanta Assembly, a media
production "studio city" in Georgia) and over-the-top (OTT)
distribution, however this burdens cash flows and creates
operational risk in the short-term until these assets become
profitable. The rating also reflects a somewhat aggressive
financial policy and a tolerance for high financial leverage.

The stable outlook reflects the structural and secular pressures in
Gray's business and Moody's view that the company's credit metrics
are appropriately positioned within the B2 CFR. At September 30,
2023, Gray's total debt to two-year average EBITDA was 6.1x
(Moody's adjusted). Moody's expects leverage to improve to the
5.6x-5.8x region by the end of 2024 as political advertising
revenue in a presidential election year boosts EBITDA. As political
advertising recedes in 2025 and retransmission revenue growth
remains pressured, Moody's expects leverage to rise to the 5.75x-6x
range at the end of next year. Moody's normalizes the effect of
political advertising by evaluating two-year averages for Moody's
adjusted financial leverage ratios.

Over the next 12-18 months, Moody's expects Gray will maintain very
good liquidity as reflected in the SGL-1 Speculative Grade
Liquidity rating. At September 30, 2023, LTM FCF (defined by
Moody's as cash flow from operations less capex less dividends)
totaled roughly -$5 million, cash and cash equivalents were
approximately $21 million and $469 million was available under the
old two-tranche $500 million RCF. FCF was under pressure last year
due to slowing growth in core advertising spend and absence of
political ad revenue in a non-election year as well as higher
capital expenditures. Moody's expects capex to normalize in 2024
given the company's plans to cease future construction projects
following the completion of its Atlanta Assembly film studios last
summer. In 2024, Moody's expects that Gray will generate FCF of
around $450 million to $550 million (presidential election year)
and maintain solid cash balances. Moody's anticipates that the bulk
of FCF will be used for debt repayments/repurchases and
investments.

ESG CONSIDERATIONS

Gray's ESG credit impact score is CIS-4, chiefly driven by
governance and social risks. CIS-4 indicates the rating is lower
than it would have been if ESG risk exposures did not exist. The
credit impact score reflects increasing exposure to governance
risk, influenced by financial strategy and risk management given
the somewhat aggressive financial policy, characterized by
debt-financed acquisitions and a tolerance for high financial
leverage. Governance risk is also driven by management credibility
and track record, and the concentration of voting rights held by
the Howell-Robinson family and affiliates, with about 40% voting
control. Elevated social risks include demographic and societal
trends associated with changes in consumers' video consumption.

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

Ratings could be upgraded if Gray sustains leverage comfortably
well below 4.75x (Moody's adjusted on a two-year average EBTIDA
basis) and FCF to debt above 6% (Moody's adjusted on a two-year
average FCF basis). Gray would also need to: (i) exhibit organic
revenue growth and stable-to-improving EBITDA margins on a two-year
average basis; (ii) adhere to conservative financial policies; and
(iii) maintain at least good liquidity to be considered for an
upgrade. The ratings could be downgraded if Gray's leverage was
sustained above 6x (Moody's adjusted on a two-year average EBITDA
basis) as a result of weak operating performance or more aggressive
financial policies. A downgrade could also arise if FCF to debt was
sustained below 3% (Moody's adjusted on a two-year average FCF
basis) or Gray experienced deterioration in liquidity or covenant
compliance weakness.

Headquartered in Atlanta, GA, Gray Television, Inc. is a multimedia
broadcast company that currently owns and operates television
stations across 113 markets reaching 36% of US households (25%
including the 50% UHF discount). In roughly 90% of its markets, the
company operates the #1 or #2 ranked station. Gray is publicly
traded with the Howell-Robinson family and affiliates of the late
J. Mack Robinson collectively owning approximately 11% of combined
classes of common stock. The dual class equity structure provides
these affiliated entities with around 43% voting share. Revenue for
the twelve months ended September 30, 2023 totaled approximately
$3.5 billion.

The principal methodology used in these ratings was Media published
in June 2021.


HALF LION: Hires Karr Tuttle Campbell as Special Counsel
--------------------------------------------------------
Half Lion Brewing Company, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District OF Washington to employ
Karr Tuttle Campbell P.S. as special counsel.

The Debtor needs the firm's legal assistance in connection with a
case (Case No. 23-2-11598-8-SEA) filed in the Superior Court of
Washington, King County.

The firm will be paid at the rate of $595 per hour.

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

Debtor owes the firm $29,685 in legal fees related to the pending
case, and $13,070 in legal fees related to other pre-petition
corporate matters.

Nathan T. Paine, Esq., a partner at Karr Tuttle Campbell, disclosed
in a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Nathan T. Paine, Esq.
     KARR TUTTLE CAMPBELL P.S.
     701 Fifth Avenue, Suite 3300
     Seattle, WA 98104
     Tel: (206) 224-1313
     Fax: (206) 682-7100

              About Half Lion Brewing Company, LLC

Half Lion Brewing Company LLC -- https://www.halflion.com/ -- is a
beer manufacturing company.

Half Lion Brewing Co. sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No.
23-41981) on Nov. 9, 2023. In the petition filed by Jason Nelseon,
as managing member, the Debtor reports total assets of $261,946 and
total liabilities of $1,308,426.

The Honorable Bankruptcy Judge Mary Jo Heston handles the case.

Virginia A. Burdette has been appointed as Subchapter V trustee.
The Debtor is represented by Steven M Palmer, Esq. at Curtis,
Casteel & Palmer, PLLC.


HALF LION: Hires Palmer & Associates PLLC as Attorney
-----------------------------------------------------
Half Lion Brewing Company, LLC seeks approval from the U.S.
Bankruptcy Court for the Western District OF Washington to employ
Palmer & Associates, PLLC as attorney.

The firm's services include:

     a. assisting the Debtor in the investigation of the financial
affairs of the estate;

     b. providing legal advice and assistance to the Debtor with
respect to matters relating to this case and creditor
distribution;

     c. preparing all pleadings necessary for proceedings arising
under this case; and

     d. performing all necessary legal services for the estate in
relation to this case.

The firm will be paid at these rates:

     Attorney      $400 per hour
     Associate     $300 per hour
     Paralegal     $125 per hour

The firm will be paid a retainer in the amount of $5,000.

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

Steven M. Palmer, Esq., a partner at Palmer & Associates, PLLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Steven M. Palmer, Esq.
     Palmer & Associates, PLLC
     6912 220th St. SW, STE 113
     Tel: (425) 292-8009
     Fax: (425) 491-7178
     Email: spalmer@sound-law.com

              About Half Lion Brewing Company, LLC

Half Lion Brewing Company LLC -- https://www.halflion.com/ -- is a
beer manufacturing company.

Half Lion Brewing Co. sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. W.D. Wash. Case No.
23-41981) on Nov. 9, 2023. In the petition filed by Jason Nelseon,
as managing member, the Debtor reports total assets of $261,946 and
total liabilities of $1,308,426.

The Honorable Bankruptcy Judge Mary Jo Heston handles the case.

Virginia A. Burdette has been appointed as Subchapter V trustee.
The Debtor is represented by Steven M Palmer, Esq. at Curtis,
Casteel & Palmer, PLLC.


HALF LION: Hires Palmer & Associates PLLC as Attorney
-----------------------------------------------------
Half Lion Public House, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District of Washington to employ
Palmer & Associates, PLLC as Attorney.

The firm's services include:

     a. assisting the Debtor in the investigation of the financial
affairs of the estate;

     b. providing legal advice and assistance to the Debtor with
respect to matters relating to this case and creditor
distribution;

     c. preparing all pleadings necessary for proceedings arising
under this case; and

     d. performing all necessary legal services for the estate in
relation to this case.

The firm will be paid at these rates:

     Attorney      $400 per hour
     Associate     $300 per hour
     Paralegal     $125 per hour

The firm will be paid a retainer in the amount of $5,000.

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

Steven M. Palmer, Esq., a partner at Palmer & Associates, PLLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Steven M. Palmer, Esq.
     PALMER & ASSOCIATES, PLLC
     6912 220th St. SW, STE 113
     Tel: (425) 292-8009
     Fax: (425) 491-7178
     Email: spalmer@sound-law.com

              About Half Lion Public House, LLC

Half Lion Public House LLC owns and operates a restaurant/bar.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Wash. Case No. 23-12195) on November
9, 2023. In the petition signed by Jason Nelson, managing member,
the Debtor disclosed $180,637 in assets and $1,133,209 in
liabilities.

Judge Timothy W. Dore oversees the case.

Steven Palmer, Esq., at CURTIS, CASTEEL & PALMER, PLLC, represents
the Debtor as legal counsel.


HIJOLE FOODS: Hires Gilbert Cardona Hernandez as Accountant
-----------------------------------------------------------
Hijole Foods Bistro, Corp. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Gilbert Cardona
Hernandez as accountant.

The firm will provide these services:

     a. close out Debtor's books as of the date of the filing of
this case, and to open new books as of the next day thereafter;

     b. establish a new bookkeeping system to replace the system
heretofore used by the Debtor;

     c. prepare the periodic statements of the Debtor in
Possession's operation as required by the rules of this court; and

    d. prepare and file Debtor's state and federal tax return for
the fiscal year which ended in the semester prior to the date of
this filing case.

     e. prepare General Ledger and Disbursements Register.

     f. reconcile the account.

     g. prepare Certified Interim, Financial Statements as needed.

     h. prepare annual Financial Statements and Returns.

     i. provide tax and management counselling.

     j. represent in taxes investigations.

The firm will be paid at the rates of $1,000 per month.

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

Gilbert Cardona Hernandez, disclosed in a court filing that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

      Gilbert Cardona Hernandez
      Urb. El Paraiso
      1539 Calle Tamesis
      San Juan Puerto Rico 00926
      Telephone: (787) 452-3678

              About Hijole Foods Bistro, Corp.

Hijole Foods Bistro, Corp. sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 24-0015)
on Jan. 19, 2024, listing $100,001 to $500,000 in assets and
$500,001 to $1 million in liabilities.

Juan C. Bigas Valedon, Esq. at Juan C. Bigas Law Office represents
the Debtor as counsel.


HIRERIGHT HOLDINGS: Moody's Puts 'B2' CFR on Review for Downgrade
-----------------------------------------------------------------
Moody's Investors Service has placed HireRight Holdings
Corporation's credit ratings under review for downgrade, including
the company's B2 corporate family rating, B2-PD probability of
default rating, and the B2 ratings on HireRight's backed senior
secured first lien bank credit facilities issued by Genuine
Financial Holdings, LLC. Previously, the outlooks were stable.

The review was prompted by the company's February 15, 2024
announcement that it has accepted a privatization offer from its
majority shareholders, affiliates of private equity sponsors
General Atlantic, L.P. ("General Atlantic") and Stone Point Capital
LLC ("Stone Point")[1]. The cost of acquiring HireRight's remaining
stock not currently owned by General Atlantic and Stone Point will
approximate $250 million (including fees) and the transaction is
expected to close in mid-2024, subject to shareholder and
regulatory approvals.

A group of lenders have committed to provide affiliates of General
Atlantic and Stone Point with debt financing in an aggregate
principal amount of $250 million. While details relating to the
financing of this purchase have not yet been fully disclosed and
HireRight's future capital structure is uncertain, Moody's
anticipates that the company's pro forma LTM Debt/EBITDA (Moody's
adjusted) will increase by approximately 1.5x to nearly 6.5x if
HireRight incurs debt to fund this transaction in its entirety,
putting downward pressure on the company's credit profile.

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

Moody's review will focus on HireRight's final debt capital
structure, liquidity profile, as well as the company's financial
and operating strategies. HireRight's ratings could be downgraded
by one notch if Moody's anticipates that the company's
debt-to-EBITDA (Moody's adjusted) will remain above 6x, free cash
flow-to-debt (Moody's adjusted) will be sustained below 5%, or the
company adopts increasingly aggressive financial strategies.

Excluding the review, HireRight's B2 CFR is constrained by the
company's high LTM debt-to-EBITDA of 4.8x as of September 30, 2023
(Moody's adjusted). The company's exposure to macroeconomic
cyclicality due to changes in labor market conditions as well as
competitive pressures from its direct rivals, niche providers, and
potential new market entrants could negatively impact HireRight's
operating performance and overall credit quality. The company's
credit profile is supported by HireRight's global market position
and screening capabilities as well as long-standing relationships
with its blue-chip customers. Within its target market niche,
HireRight's business is well diversified by vertical market with
high client retention rates. The company's credit quality also
benefits from very good liquidity, solid profitability margins, and
strong free cash flow generation.

Factors that could lead to an upgrade or downgrade of the ratings
will be updated once the review is completed.

Prior to the review, Moody's noted that negative pressure on the
rating could arise if: HireRight's operating performance
meaningfully deteriorates, leading to permanently high debt
leverage and low or negative free cash flow expectations; there are
large, debt-financed acquisitions or shareholder distributions;
debt-to-EBITDA (Moody's adjusted) is expected to remain above 6x;
or free cash flow-to-debt (Moody's adjusted) is sustained below
5%.

A positive rating action from the current B2 rating is unlikely in
the near term, but could generally arise if:  HireRight grows its
scale and diversity, improving profitability rates meaningfully;
the company establishes a track record of balanced financial
policies; debt-to-EBITDA (Moody's adjusted) approaches 4x; EBITDA
margin (Moody's adjusted) is sustained above 25%; and at least good
liquidity is maintained.

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

HireRight, headquartered in Nashville, Tennessee, is a global
provider of background screening and compliance solutions,
including criminal background checks, credential verification,
employee drug testing, and fingerprint-based screening for
enterprise and midmarket clients. HireRight completed an IPO in
November 2021, but investment funds managed by General Atlantic and
Stone Point are collectively the company's majority shareholders.
Moody's expects HireRight to generate revenue of approximately $740
million in 2024.


HORNBLOWER HOLDCO: S&P Downgrades ICR to 'D' on Bankruptcy Filing
-----------------------------------------------------------------
S&P Global Ratings lowered its issuer credit rating on U.S.-based
ferry and cruise operator Hornblower HoldCo LLC to 'D' from 'CCC-'.
S&P also lowered its issue-level rating on the company's senior
secured debt to 'D' from 'C'.

S&P downgraded Hornblower after it initiated proceedings under
Chapter 11 of the U.S. Bankruptcy Code. This follows a multiyear
deterioration in the company's profitability, liquidity, and cash
flows due to pandemic-related closures and subsequent slow
recovery.

Hornblower entered into a restructuring support agreement with its
investors to reduce its external debt by more than $850 million.
The company intends to finance its operations and bankruptcy
related expenses throughout the Chapter 11 proceedings with cash on
hand and a $585 million debtor-in-possession financing package,
including $121 million of new-money from Strategic Value Partners
and its existing owner, Crestview Partners, subject to bankruptcy
court approval. As part of the bankruptcy process, Hornblower
intends to sell or wind down the operations of American Queen
Voyages. The company expects to emerge from the court-supervised
bankruptcy process in about four months.

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Health and safety



HULL ORGANIZATION: Court OKs Cash Collateral Access Thru March 13
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Kentucky,
Louisville Division, authorized Hull Organization, LLC and
affiliates to use cash collateral, on an interim basis, in
accordance with the budget, through March 13, 2024.

The Debtors acknowledge that the following entities have asserted
interests in the Debtors' cash collateral, subject to proof of
their respective perfected interests in accordance with applicable
law:

1. Stock Yards Bank
2. U.S. Small Business Administration
3. Mr. Martin Goldsmith
4. First Financial Bank

The Debtors is permitted to use cash collateral, in their
discretion, solely to pay ordinary trade payables, insurance
premiums, taxes, utilities (including any adequate assurance
payments), allowed administrative expenses of the chapter 11 cases,
compensation, and adequate protection payments authorized by
separate order(s), as necessary to preserve and maintain the assets
and operations of the Debtors.

As adequate protection for the use of cash collateral, the Cash
Collateral Creditors are granted replacement liens on all
collateral of the same type and respective priorities upon which
each held valid and properly perfected liens prior to the Petition
Date.

A copy of the order is available at https://urlcurt.com/u?l=DOkhS4
from PacerMonitor.com.

         About Hull Organization

Hull Organization, LLC is primarily engaged in renting and leasing
real estate properties.

The Debtor filed Chapter 11 petition (Bankr. W.D. Ky. Case No.
23-32983) on Dec. 13, 2023, with $1 million to $10 million in both
assets and liabilities. Robert E. Hull, member, signed the
petition.

Judge Alan C. Stout oversees the case.

Tyler R. Yeager, Esq., at Kaplan Johnson Abate & Bird, LLP
represents the Debtor as legal counsel.


HUMANIGEN INC: Committee Hires Kilpatrick Townsend as Co-Counsel
----------------------------------------------------------------
The official committee of unsecured creditors of Humanigen, Inc.
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to employ Kilpatrick Townsend & Stockton LLP as
co-counsel.

The firm's services include:

     a. rendering legal advice regarding the Committee's
organization, duties, and powers in this case;

    b. evaluating and participating in the Debtor's sale process to
ensure such process proceeds in the most efficient manner to
maximize recoveries to the unsecured creditors;

     c. assisting the Committee in investigating the acts, conduct,
assets, liabilities, and financial condition of the Debtor;

     d. assisting the Committee in the review, analysis, and
negotiation of the Debtor's proposed bidding procedures, stalking
horse agreement, and debtor-in-possession ("DIP") financing;

     e. analyzing any chapter 11 plan and related disclosure
statement filed by the Debtor;

     f. attending meetings of the Committee and meetings with the
Debtor and the DIP lender, and their attorneys and other
professionals, and participating in negotiations with these
parties, as requested by the Committee;

     g. taking all necessary action to protect and preserve the
interests of the Committee, including possible prosecution of
actions on its behalf and investigations concerning litigation in
which the Debtor or its insiders are involved;

     h. assisting the Committee with respect to communications with
the general unsecured creditor body about significant matters in
this case;

    i. reviewing and analyzing claims filed against the Debtor's
estate;

    j. representing the Committee in hearings before the Court,
appellate courts, and other courts in which matters may be heard,
and representing the interests of the Committee before those courts
and before the U.S. Trustee;

     k. assisting the Committee in preparing all necessary motions,
applications, responses, reports, and other pleadings in connection
with the administration of this case; and

    l. providing such other legal assistance as the Committee may
deem necessary and appropriate.

The firm will be paid at these rates:

     Partners        $960 to $1,385 per hour
     Counsel         $895 per hour
     Associates      $625 to 845 per hour
     Paralegals      $245 to 485 per hour

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

Gianfranco Finizio, a partner at Kilpatrick Townsend & Stockton
LLP, disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Gianfranco Finizio, Esq.
     KILPATRICK TOWNSEND & STOCKTON LLP
     1114 Avenue of the Americas
     The Grace Building
     New York, NY 10035
     Telephone: (404) 815-6482
     Facsimile: (404) 541-3307
     Email: tmeyers@kilpatricktownsend.com

              About Humanigen Inc.

Based in Brisbane, Calif., Humanigen, Inc. (OTCQB: HGEN) --
www.humanigen.com -- is a clinical stage biopharmaceutical company,
developing its portfolio of proprietary Humaneered
anti-inflammatory immunology and immuno-oncology monoclonal
antibodies. Formerly known as KaloBios Pharmaceuticals, Inc.,
Humanigen's proprietary, patented Humaneered technology platform is
a method for converting existing antibodies (typically murine) into
engineered, high-affinity human antibodies designed for therapeutic
use, particularly with acute and chronic conditions. The company
has developed or in-licensed targets or research antibodies,
typically from academic institutions, and then applied its
Humaneered technology to optimize them. Its lead product candidate,
lenzilumab, and its other product candidate, ifabotuzumab ("iFab"),
are Humaneered monoclonal antibodies.

Humanigen filed Chapter 11 petition (Bankr. D. Del. Case No.
24-10003) on Jan. 3, 2024, with assets of $521,000 and liabilities
of $44,131,000. Ronald Barliant, independent director, signed the
petition.

Judge Brendan Linehan Shannon oversees the case.

Potter Anderson & Corroon, LLP and SC&H Group, Inc. serve as the
Debtor's bankruptcy counsel and investment banker, respectively.
Epiq Corporate Restructuring, LLC is the claims and noticing
agent.

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


HUMANIGEN INC: Hires Dundon Advisers LLC as Financial Advisor
-------------------------------------------------------------
The official committee of unsecured creditors of Humanigen, Inc.
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to employ Womble Bond Dickinson (US) LLP as Dundon
Advisers LLC as financial advisor.

The firm will provide these services:

     a. assist in the analysis, review, and monitoring of the
restructuring process, including, but not limited to, an assessment
of the unsecured claims pool and potential recoveries for unsecured
creditors;

     b. develop a complete understanding of the Debtor's business
and its valuation;

     c. Determine whether there are viable alternative paths for
the disposition of the Debtor's assets from those currently or in
the future proposed by the Debtor;

     d. monitor and, to the extent appropriate, assist the Debtor
in efforts to develop and solicit transactions that would support
unsecured creditor recovery;

      e. assist the Committee in identifying, valuing, and pursuing
estate causes of action, including, but not limited to, relating to
prepetition transactions, control person liability, and lender
liability;

      f. assist the Committee to analyze, classify and address
claims against the Debtor and to participate effectively in any
effort in this Chapter 11 case to estimate (in any formal or
informal sense) contingent, unliquidated, and disputed claims;

      g. assist the Committee to identify, preserve, value, and
monetize tax assets of the Debtor, if any;

      h. advise the Committee in negotiations with the Debtor,
certain of the Debtor's lenders, and third parties;

      i. assist the Committee in reviewing the Debtor's financial
reports;

      j. assist the Committee in reviewing the Debtor's
cost/benefit analysis with respect to the assumption or rejection
of various executory contracts and leases;

      k. review and provide analysis of the present and any
subsequently proposed debtor-in-possession financing or use of cash
collateral;

      l. assist the Committee in evaluating and analyzing avoidance
actions, including fraudulent conveyances and preferential
transfers;

       m. assist the Committee in investigating whether any
unencumbered assets at Humanigen, Inc. exist;

      n. review and provide analysis of any proposed disclosure
statement and Chapter 11 plan and, if appropriate, assist the
Committee in developing an alternative Chapter 11 plan;

      o. attend meetings and assist in discussions with the
Committee, the Debtor, the secured lenders, the U.S. Trustee and
other parties in interest and professionals;

      p. present at meetings of the Committee, as well as meetings
with other key stakeholders and parties;

      q. perform such other advisory services for the Committee as
may be necessary or proper in these proceedings, subject to the
aforementioned scope; and

      r. provide testimony on behalf of the Committee as and when
may be deemed appropriate.

The firm will be paid at these rates:

     Principal                                $890 per hour
     Managing Director and Senior Adviser     $790 per hour
     Senior Director                          $700 per hour
     Director                                 $650 per hour
     Associate Director                       $550 per hour
     Senior Associate                         $475 per hour
     Associate                                $350 per hour

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

Matthew Dundon, a principal at Dundon Advisers, disclosed in a
court filing that his firm is a "disinterested person" pursuant to
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Matthew Dundon
     DUNDON ADVISERS, LLC
     Ten Bank Street, Suite 1100
     White Plains, NY 10606
     Tel: (917) 838-1930
     Email: md@dundon.com

                   About Humanigen Inc.

Based in Brisbane, Calif., Humanigen, Inc. (OTCQB: HGEN) --
www.humanigen.com -- is a clinical stage biopharmaceutical company,
developing its portfolio of proprietary Humaneered
anti-inflammatory immunology and immuno-oncology monoclonal
antibodies. Formerly known as KaloBios Pharmaceuticals, Inc.,
Humanigen's proprietary, patented Humaneered technology platform is
a method for converting existing antibodies (typically murine) into
engineered, high-affinity human antibodies designed for therapeutic
use, particularly with acute and chronic conditions. The company
has developed or in-licensed targets or research antibodies,
typically from academic institutions, and then applied its
Humaneered technology to optimize them. Its lead product candidate,
lenzilumab, and its other product candidate, ifabotuzumab ("iFab"),
are Humaneered monoclonal antibodies.

Humanigen filed Chapter 11 petition (Bankr. D. Del. Case No.
24-10003) on Jan. 3, 2024, with assets of $521,000 and liabilities
of $44,131,000. Ronald Barliant, independent director, signed the
petition.

Judge Brendan Linehan Shannon oversees the case.

Potter Anderson & Corroon, LLP and SC&H Group, Inc. serve as the
Debtor's bankruptcy counsel and investment banker, respectively.
Epiq Corporate Restructuring, LLC is the claims and noticing
agent.

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


HUMANIGEN INC: Hires Womble Bond Dickinson (US) as Co-Counsel
-------------------------------------------------------------
The official committee of unsecured creditors of Humanigen, Inc.
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to employ Womble Bond Dickinson (US) LLP as co-counsel.

The firm's services include:

     a. providing legal advice as necessary with respect to the
Committee's powers and duties as an official committee appointed
under Bankruptcy Code section 1102;

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

     c. participating in the formulation of a Plan;

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

     e. preparing on behalf of the Committee, as necessary,
applications, motions, objections, complaints, answers, orders,
agreements, and other legal papers;

     d. appearing in Court to present necessary motions,
applications, objections, and pleadings, and otherwise protecting
the interests of those represented by the Committee;

     e. assisting the Committee in requesting the appointment of a
trustee or examiner, should such action be necessary; and

     d. performing such other legal services as may be required and
as are in the best interests of the Committee and creditors.

The firm will be paid at these rates:

     Partners          $325 to $1,460 per hour
     Of Counsel        $430 to $930 per hour
     Associates        $325 to $705 per hour
     Senior Counsel    $125 to $895 per hour
     Counsel           $125 to $835 per hour
     Paralegals        $105 to $565 per hour

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

Donald J. Detweiler, a partner at Womble Bond Dickinson (US) LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Donald J. Detweiler, Esq.
     WOMBLE BOND DICKINSON (US) LLP
     1313 North Market Street, Suite 1200
     Wilmington, DE 19801
     Telephone: (302) 252-4320
     Facsimile: (302) 252-4330
     Email: don.detweiler@wbd-us.com

                   About Humanigen Inc.

Based in Brisbane, Calif., Humanigen, Inc. (OTCQB: HGEN) --
www.humanigen.com -- is a clinical stage biopharmaceutical company,
developing its portfolio of proprietary Humaneered
anti-inflammatory immunology and immuno-oncology monoclonal
antibodies. Formerly known as KaloBios Pharmaceuticals, Inc.,
Humanigen's proprietary, patented Humaneered technology platform is
a method for converting existing antibodies (typically murine) into
engineered, high-affinity human antibodies designed for therapeutic
use, particularly with acute and chronic conditions. The company
has developed or in-licensed targets or research antibodies,
typically from academic institutions, and then applied its
Humaneered technology to optimize them. Its lead product candidate,
lenzilumab, and its other product candidate, ifabotuzumab ("iFab"),
are Humaneered monoclonal antibodies.

Humanigen filed Chapter 11 petition (Bankr. D. Del. Case No.
24-10003) on Jan. 3, 2024, with assets of $521,000 and liabilities
of $44,131,000. Ronald Barliant, independent director, signed the
petition.

Judge Brendan Linehan Shannon oversees the case.

Potter Anderson & Corroon, LLP and SC&H Group, Inc. serve as the
Debtor's bankruptcy counsel and investment banker, respectively.
Epiq Corporate Restructuring, LLC is the claims and noticing
agent.

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


HYPERION MATERIALS: S&P Alters Outlook to Neg., Affirms 'B' ICR
---------------------------------------------------------------
S&P Global Ratings revised its outlook on Hyperion Materials &
Technologies Inc. to negative from stable. S&P's 'B' issuer credit
rating on the company, its 'B' issue-level rating on its first-lien
term loans and '3' recovery rating are unchanged.

The negative outlook reflects S&P's view that Hyperion's leverage
could remain elevated over the next 12 months.

The negative outlook reflects Hyperion's elevated leverage at about
7x. The company has implemented cost-cutting measures, which we
expect will improve profitability and leverage somewhat, but
leverage will remain elevated relative to similarly rated peers.
S&P does not expect a rebound in demand until the second half of
2024. Still, the company displays good interest coverage relative
to lower rated peers and has been able to generate free operating
cash flow (FOCF), even in a high interest rate environment.

S&P said, "We expect destocking trends to continue over the near
term. Hyperion's customers sought to reduce inventory levels in
2023, leading to lower sales of the company's products. We estimate
2023 revenue was down in the mid-single-digit percent range on an
organic basis with total revenue declining by low-single-digit
percent." Volume declines were most pronounced in the general
industrial, construction, and electronics end markets, partially
offset by strength in Hyperion's automotive and aerospace segments,
which were still benefitting from pent-up demand from the pandemic
rebound.

S&P said, "In 2024, we believe U.S. auto production could pull back
slightly compared to 2023 as mounting inventory on dealer lots and
slowing sales have prompted some automakers to cut production in
response to higher interest rates, which are hurting consumers'
purchasing power. While Aerospace demand remains strong, Boeing and
Airbus' recent aircraft groundings add an element of uncertainty.
We believe Hyperion's customers will not increase inventory levels
until the second half of the year. Furthermore, we believe the
company will face continued low demand in its general industrial
and construction end markets. S&P Global economists project GDP
growth in the mid-1% range over the next two years, and we believe
that residential and nonresidential construction measures will be
relatively flat in 2024.

"The somewhat commoditized nature of Hyperion's products,
fragmented nature of the market, and weaker demand trends limit
Hyperion's pricing power, in our opinion. We expect the company
will continue to face similar--albeit slightly improved--dynamics
that lead to volume declines and weaker pricing power due to the
high interest rate environment. In our view, the full-year
contributions from 2023 acquisitions and potential tuck-ins will
partially offset the lower demand in 2024. We expect continued
weakness in most of Hyperion's end markets in the first half of
2024 to be mostly offset by stabilizing demand in the back half of
2024, resulting in organic revenue down by low-single-digit
percent."

Weak demand will result in continued elevated leverage. The
company's leverage has weakened due to stronger performing quarters
rolling off and incremental debt from its prior acquisitions. The
combination of softening demand and elevated debt levels (most
recently from its August 2023 add-on term loan) increased
Hyperion's last 12 months S&P Global Ratings-adjusted debt to
EBITDA to about 7.0x (up from the low-5.0x at year-end 2022).

S&P said, "We expect EBITDA margins to improve slightly in 2024
because the company implemented cost-cutting measures, including
selling, general, and administrative (SG&A) cutbacks and labor
initiatives, in response to the weaker demand environment. Weaker
operating leverage, however, will offset part of the cost
reduction, resulting in S&P Global Ratings-adjusted EBITDA margins
improving slightly to the low-14% area. We believe these margins
will translate into leverage in the 6.5x-7.0x range in 2024. While
this level of leverage is elevated relative to that of peers, we
believe the company will continue to reduce leverage and that it
will maintain EBITDA to interest coverage above 1.5x.

"We expect Hyperion will generate moderate FOCF in the face of low
demand and high interest rates. We believe Hyperion's cash on hand,
availability on its revolver, and our expectation for positive FOCF
in 2024, support its liquidity position. While the company faced
top-line headwinds in 2023, we believe Hyperion was able to unwind
working capital and generate positive FOCF. With lower capital
expenditure (capex) compared to 2023 and our expectations for a
partial unwinding of working capital, we forecast FOCF generation
of $10 million-$15 million in 2024. Additionally, the company's
hedging program positions them better than other similarly rated
peers to weather higher interest rates and weaker demand. We also
expect the company will maintain a strong cushion under its
required covenant levels over the next 12 months.

"The negative outlook reflects our view that Hyperion's leverage
could remain elevated over the next 12 months."

S&P could lower its rating on Hyperion if:

-- Its S&P Global Ratings-adjusted debt to EBITDA trends above
6.5x on a sustained basis. This could occur if demand weakens
materially in the company's more cyclical end markets, or it
pursues a more aggressive financial policy;

-- Its S&P Global Ratings-adjusted interest coverage ratio drops
below 1.5x; or

-- The company is unable to generate positive FOCF.

S&P said, "We could revise our outlook on Hyperion to stable if we
expect its S&P Global Ratings-adjusted leverage will remain below
6.5x, and it continues to generate positive FOCF and maintain
adequate liquidity.

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



INCLAN PAINTING: Files Emergency Bid to Use Cash Collateral
-----------------------------------------------------------
Inclan Painting and Waterproofing Corporation asks the U.S.
Bankruptcy Court for the Southern District of Florida, Miami-Dade
Division, for authority to use cash collateral and provide adequate
protection.

Because of issues in obtaining subcontracts and issues concerning
receipt of payments for work performed the debtor fell behind in
payments to its suppliers. The debtor thought that by obtaining a
short term it loan could continue in business. would collect fees
for its services that had been delayed while at the same time
obtaining new contracts.

The debtor was unable to comply with the terms of short-term loan
from creditor TVT 2.0 LLC., who obtained a judgment in the State of
Utah, garnished bank accounts and provided notice of its Judgment
to the Debtor's customers that upon receipt of the notice ceased
paying the debtor.

The Debtor while reorganizing intends to pay TVT 2.0 LLC the
statutory rate of interest on judgments pursuant the laws of the
State of Utah requesting this court permit the Utah Code 15-1-4
[Effective Until July 1, 2024] Interest on judgments (Utah Statutes
(2024 Edition)) apply as follows: Judgment amount $58,837.58 x
6.73% per annum = $3,959.76/12 months = $329.99 payment per month.

The debtor will provide adequate protection in the form of monthly
payments to TVT 2.0 LLC in the amount of $330, during the pendency
of the case.

A copy of the Debtor's motion and budget is available at
https://urlcurt.com/u?l=MwvL6Q from PacerMonitor.com.

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

     $140,612 for February 2024;
     $145,612 for March 2024; and
     $141,257 for April 2024.

        About Inclan Painting and Waterproofing

Inclan Painting and Waterproofing Corp. filed a petition under
Chapter 11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla.
Case No. 24-10488) on January 19, 2024, with up to $50,000 in
assets and $1 million to $10 million in liabilities. Luis Inclan,
president, signed the petition.

Judge Laurel M. Isicoff oversees the case.  

Richard Siegmeister, Esq., at Richard Siegmeister, PA represents
the Debtor as legal counsel.


INSIGHT TERMINAL: Terminal Project Lender Fraud Lawsuit Revived
---------------------------------------------------------------
Alex Wolf of Bloomberg Law reports that Autumn Wind Lending LLC can
pursue fraud litigation against entities once tied to a company it
bought out of bankruptcy, a federal appeals court said, finding the
claims weren't fully litigated in bankruptcy.

The Chapter 11 proceedings for Insight Terminal Solutions LLC, an
Oakland rail terminal project developer, don't bar Autumn Wind from
litigating a suit for fraud against parties that held surreptitious
debts in Insight, the US Court of Appeals for the Sixth Circuit
ruled Thursday, February 9, 2024.

The dispute stems from a $6.8 million loan agreement between Los
Angeles-based Autumn Wind and Insight in 2018, in which Insight had
represented.

                About Insight Terminal Solutions

Insight Terminal Solutions -- http://insightterminals.com/-- is an
Oakland, Calif.-based company that provides terminal and
stevedoring services at the Oakland Bulk and Oversized Terminal
(OBOT) for a variety of bulk agriculture and mineral commodities.

Insight Terminal Solutions and its affiliate Insight Terminal
Holdings, LLC filed voluntary petitions for relief under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Ky. Lead Case No. 19-32231) on
July 17, 2019.  The petitions were signed by John J. Siegel, Jr.,
manager.

At the time of filing, Insight Terminal Solutions was estimated to
have $1 million to $10 million in assets and $10 million to $50
million in liabilities.  Insight Terminal Holdings was estimated to
have up to $50,000 in assets and $1 million to $10 million in
liabilities.

Andrew David Stosberg, Esq., at Middleton Reutlinger, represents
the Debtor.


INT ASSOC OF SHEET METAL: Unsecureds to Get 8.6% or 7.1% in Plan
----------------------------------------------------------------
Int. Assoc. of Sheet Metal, Air, Rail & Transportation Workers,
Transportation Div., Local 1594 submitted a First Amended
Subchapter V Plan of Reorganization dated February 15, 2024.

The Debtor's sole asset is a TD Bank account which is used for
collecting dues and insurance for its members. Rent and utilities
are paid from this account.

The Debtor has approximately $704,000.00 of general unsecured
debts, approximately $8,600.00 of which is owed to Debtor's
employees and approximately $695,000.00 is owed to a judgment
creditor.

The Debtor's primary source of funding comes from membership dues
as well as membership assessments. The funding sources vary
depending on the timing of assessments throughout the year.

Class 2 consists of General Unsecured Claims totaling $696,091.42.
This Class is impaired. Upon completion of payment to Priority
Claimant:

     * If the case is confirmed under Section 1191(a) of the
Bankruptcy Code, a total of $60,000 will be paid to general
unsecured creditors, to be distributed pro-rata on a quarterly
basis. This Class will receive a distribution of 8.6% of their
allowed claims if the case is confirmed under Section 1191(a) of
the Bankruptcy Code.

     * If the case is confirmed under Section 1191(b) of the
Bankruptcy Code, a total of $50,000 will be paid to general
unsecured creditors, to be distributed pro-rata on a quarterly
basis. It is anticipated that $10,000 will be needed to compensate
the Subchapter V Trustee for post confirmation duties and
obligations. This Class will receive a distribution of 7.1% of
their allowed claims if the case is confirmed under Section 1191(b)
of the Bankruptcy Code.

Throughout the duration of the Plan, Chapter 11 Plan payments shall
be disbursed in a "waterfall" approach, with Administrative
Expenses being paid first, priority unsecured creditors being paid
second and then general unsecured creditors being paid third.
Claims in the same category shall be paid pro-rata.

The Debtor believes that the Debtor will have enough cash on hand
on the Effective Date of the Plan to pay all the Claims and
expenses that are entitled to be paid on that date. The Debtor must
submit all or such portion of the future earnings or other future
income of the Debtor to the supervision and control of the Trustee
as is necessary for the execution of the Plan.

A full-text copy of the First Amended Plan dated February 15, 2024
is available at https://urlcurt.com/u?l=fg5XPu from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Holly S. Miller, Esq.
     Gellert Scali Busenkell & Brown, LLC
     1628 John F. Kennedy Blvd., Suite 1901
     Philadelphia, PA 19103
     Telephone: (215) 238-0012
     Email: hsmiller@gsbblaw.com

        About Int. Assoc. of Sheet Metal, Air, Rail
        & Transportation Workers, Transportation Div. Local 1594

Int. Assoc. of Sheet Metal, Air, Rail & Transportation Workers,
Transportation Div., Local 1594 filed a petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Pa. Case No.
23-11777) on June 16, 2023. In the petition filed by Bruce
Cheatham, Jr., the Debtor disclosed up to $50,000 in assets and up
to $1 million in liabilities.

Judge Magdeline D. Coleman oversees the case.

Holly S. Miller, Esq., at Gellert Scali Busenkell & Brown, LLC,
serves as the Debtor's counsel.


INTERNATIONAL GRANITE: Kathleen DiSanto Named Subchapter V Trustee
------------------------------------------------------------------
The U.S. Trustee for Region 21 appointed Kathleen DiSanto, Esq., at
Bush Ross, P.A., as Subchapter V trustee for International Granite
& Stone, LLC.

Ms. DiSanto will be paid an hourly fee of $350 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.  

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

The Subchapter V trustee can be reached at:

     Kathleen L. DiSanto, Esq.
     Bush Ross, P.A.
     P.O. Box 3913
     Tampa, FL 33601-3913
     Phone: (813) 224-9255
     Fax: (813) 223-9620  
     Email: disanto.trustee@bushross.com

                About International Granite & Stone

International Granite & Stone, LLC, a company in Oldsmar, Fla.,
filed a petition under Chapter 11, Subchapter V of the Bankruptcy
Code (Bankr. M.D. Fla. Case No. 24-00706) on February 12, 2024.
Christopher L. Stewart, manager, signed the petition.

At the time of the filing, International Granite & Stone reported
$1 million to $10 million in both assets and liabilities.

Judge Roberta A. Colton oversees the case.

Edward J. Peterson, Esq., at Johnson, Pope, Bokor, Ruppel & Burns,
LLP represents the Debtor as legal counsel.


KIDDE-FENWAL: Sues Hartford Financial Over PFAS Legal Defense Costs
-------------------------------------------------------------------
Evan Ochsner of Bloomberg Law reports that Kidde-Fenwal Inc. sued a
Hartford Financial Services Group Inc. unit, seeking to compel the
insurer to help the fire protection manufacturer cope with lawsuits
alleging its products contained harmful "forever chemicals."

Hartford Accident and Indemnity Co. failed to deliver under
policies that indemnify Kidde-Fenwall against a deluge of lawsuits
alleging its fire-fighting products contained cancer-causing per-
and polyfluoroalkyl substances, or PFAS, according to the suit.
Kidde-Fenwal is seeking a declaration that Hartford pay under the
policies to cover defense costs the manufacturer has incurred,
according to the complaint filed Thursday, February 8, 2024, in the
US Bankruptcy Court for the District of Delaware.

                      About Kidde-Fenwal

Kidde-Fenwal Inc. -- https://www.kidde-fenwal.com/ -- manufactures
fire protection systems.  It offers products such as fire control
systems, explosion aircraft protection, laser-based smoke detection
devices, electronic gas ignitions, and fire suppressions.
Kidde-Fenwal markets its products to mining, manufacturing,
education, and commercial sectors.

Kidde-Fenwal sought relief under Chapter 11 of the U.S. Bankruptcy
Code (Bankr. D. Del. Case No. 23-10638) on May 14, 2023.  In the
petition filed by its chief transformation officer, James
Mesterharm, the Debtor reported assets between $100 million and
$500 million and estimated liabilities between $1 billion and $10
billion.

The Debtor tapped Sullivan & Cromwell, LLP and Morris Nichols Arsht
& Tunnell, LLP, as legal counsels; and Guggenheim Securities, LLC,
as investment banker.  Stretto, Inc., is the claims and noticing
agent and administrative advisor.


KING ALPHA: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: King Alpha Properties and Investments, LLC
        281 NE 78 Street
        Miami, FL 33138

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 24-11704

Judge: Hon. Corali Lopez-Castro

Debtor's Counsel: Ariel Sagre, Esq.
                  SAGRE LAW FIRM, P.A
                  5201 Blue Lagoon Drive, Suite 892
                  Miami, FL 33126
                  Tel: 305-266-5999
                  Email: law@sagrelawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robinson Julien of 281 NE 78th ST, LLC,
the Debtor's sole member.

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/JENCB2Y/KING_ALPHA_PROPERTIES_AND_INVESTMENTS__flsbke-24-11704__0001.0.pdf?mcid=tGE4TAMA


KING WINDSHIELDS: Dawn Maguire Named Subchapter V Trustee
---------------------------------------------------------
The U.S. Trustee for Region 14 appointed Dawn Maguire, Esq., at
Guttilla Murphy Anderson, as Subchapter V trustee for King
Windshields, Inc.

Ms. Maguire will be paid an hourly fee of $350 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Dawn Maguire, Esq.
     Guttilla Murphy Anderson
     5415 East High Street, Suite 200
     Phoenix, AZ 85054
     Telephone: (480) 304-8300
     Fax: (480) 304-8301
     Email: TrusteeMaguire@gamlaw.com

                      About King Windshields

King Windshields, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. D. Ariz. Case No.
24-00998) on Feb. 12, 2024, with up to $500,000 in assets and up to
$10 million in liabilities. Daniel Frederick, president, signed the
petition.

Judge Brenda Moody Whinery oversees the case.

Allan D. NewDelman, Esq., at Allan D. NewDelman, PC represents the
Debtor as legal counsel.


[Redacted Feb. 27, 2024]


LAN CONSTRUCTION: Seeks Cash Collateral Access, DIP Loan
--------------------------------------------------------
LAN Construction, LLC and Lechner's Inc. ask the U.S. Bankruptcy
Court for the Southern District of Indiana, Evansville Division,
for authority to use cash collateral and obtain postpetition
financing, through May 20, 2024.

The Debtors seek to obtain postpetition financing consisting of a
super-priority credit facility in the amount of $75,000 and
substantially on the terms set forth in the debtor-in-possession
credit agreement.

The president of the Debtors, Luke A. Nordhoff, has obtained
commitments to lend $75,000 from his family members.  These family
members are Arthur C. Nordhoff, Dean Ackerman, Carmen Nordhof, and
Andrew T. Nordhoff.

The proceeds of the DIP Loan will be used to pay operating
expenses, employee wages, and purchase materials required for their
projects. The Debtors will draw down on the $75,000 of DIP
financing periodically, as needed.

The DIP Loan will not bear interest. All fees are waived.

The DIP Loan will mature on the earliest of (i) approval, closing
and funding of any other postpetition loan, unless such other loans
made by the DIP Lenders, (ii) the closing of a sale of
substantially all of the assets of the Debtors, (iii) the earlier
of the effective date or substantial consummation of the chapter 11
plans, (iv) the dismissal of the Chapter 11 Cases, (v) the
conversion of the Chapter 11 Cases, or (vi) August 1, 2024. The DIP
Loan will terminate should the Court not grant the Motion or if the
Chapter 11 Cases are dismissed, converted to a chapter 7 or if a
Trustee is appointed.

These events constitute an "Event of Default":

     (i) non-payment of the DIP Loan when due;
    (ii) failure to comply with the terms and conditions set forth
in DIP Loan Agreement, the Order of the Bankruptcy Court
authorizing the DIP Loan, or the DIP Financing Documents; or
   (iii) the reversal, vacation, or setting aside of the Order of
the Bankruptcy Court authorizing the DIP Loan.

The DIP Loan will be secured by a first priority lien on all the
Debtors' receivables and cash or cash equivalents acquired
post-petition.

Additionally, the debt incurred by the Debtors under the DIP Loan
will be a superpriority administrative expense in the Chapter 11
Cases, with priority over all other administrative expenses of the
kind specified in 11 U.S.C. sections 503(b) or 507(b). The impacted
creditors for LAN are Hoosier Hills Credit Union and the U.S. Small
Business Administration. The impacted creditors for Lechner's are
German American Bank and the U.S. Small Business Administration.

The Debtors anticipate that their cash flow will be negative
approximately $50,000 over the next 13 weeks. The DIP Loan provides
essential cash to allow the Debtors to operate and continue
generating revenue until the middle of May, when they anticipate
receiving a large payment that will render them cash-flow positive.
The Debtors' larger projects pay on a tiered basis: a deposit is
received to secure the Debtors' services, then payment is made at
various phases of project completion, with final payment generally
being made 30-45 days post-completion.

The following creditors have asserted liens against LAN
Construction LLC's cash and accounts:

     (a) Hoosier Hills Credit Union.

         -- UCC Financing Statement Date: March 7, 2018,
continuation statement filed on September 15, 2022.
         -- Filing No.: 201800001732347
         -- Collateral: All inventory, chattel paper, accounts,
equipment and general intangibles, whether any of the foregoing is
owned now or acquired later; all accessions, additions,
replacements, and substitutions relating to any of the foregoing,
all records of any kind relating to the foregoing.
         -- The collateral secures two business loans with a
combined outstanding balance of approximately $145,000.

     (b) U.S. Small Business Administration

         -- UCC Financing Statement Date: July 14, 2021
         -- Filing No.: 202107142803829
         -- Collateral: All tangible and intangible personal
property
         -- The collateral secures an EIDL loan with an outstanding
balance of approximately $1.3 million.

The following creditors have asserted liens against Lechner's
Inc.'s cash and accounts:

     (a) German American Bank

         -- UCC Financing Statement Date: January 3, 2020
         -- Filing No.: 20200103056179
         -- Collateral: All inventory, equipment, accounts
         -- The collateral secures a loan made by GAB for the
purchase of the stock of Lechner's Inc. from the prior
shareholders.

     (b) U.S. Small Business Administration

         -- UCC Financing Statement Date: August 16, 2021
         -- Filing No.: 202108162816669
         -- Collateral: All tangible and intangible personal
property

A copy of the motion is available at https://urlcurt.com/u?l=jtt2uf
from PacerMonitor.com.

                 About LAN Construction LLC

LAN Construction LLC provides foundation and concrete solutions to
customers in the Dubois County and surrounding area.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Ind. Case No. 24-70073) on February
15, 2024. In the petition signed by Luke Nordhoff, president, the
Debtor disclosed up to $500,000 in assets and up to $10 million in
liabilities.

Judge Andrea K. Mccord oversees the case.

William P. Harbison, Esq., at Seiller Waterman LLC, represents the
Debtor as legal counsel.



LAND O'LAKES CAPITAL: Fitch Affirms BB+ Rating on Jr. Sub. Notes
----------------------------------------------------------------
Fitch Ratings has affirmed all ratings for Land O'Lakes Inc. (LOL)
and its subsidiary, Land O' Lakes Capital Trust I, including LOL's
Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Rating Outlook
is Stable.

LOL's rating reflects its significant scale, diversified asset
portfolio, leading category market shares, disciplined financial
policy that benefits from its cooperative structure balanced
against its exposure to volatile commodity products, earnings
cyclicality and low single-digit EBITDA margins.

Fitch projects LOL's EBITDA could be relatively flat in 2023, in
the mid-$400 million range compared with $443 million in 2022,
reflecting a strong rebound in the Dairy Foods segment supported by
favorable margin/product mix and volumes offset by moderating
EBITDA in the Crop Inputs and Animal Nutrition segments. EBITDA
leverage could be around the mid-2x range in 2023 compared with
2.7x in 2022. Fitch expects LOL will demonstrate consistent capital
allocation priorities by investing in the business, including
potential bolt-on M&A while maintaining long-term EBITDA leverage
based on Fitch adjustments in the mid-2x area.

KEY RATING DRIVERS

Significant Scale, Strong Brands: LOL's ratings reflect its
significant scale as the third largest U.S. agricultural
cooperative and its leading market shares within the categories in
which it competes. LOL has expanded both organically and through
mergers, acquisitions and joint ventures. These transactions and
organic investments have diversified the asset portfolio, targeted
value-added products and focused on differentiated services to
improve its competitive positioning. The Crop Inputs segment
typically generates around half of LOL's earnings.

This is balanced against earnings exposure to volatility around
commodity products, weather, volatility with farmer income along
with low single-digit EBITDA margins. The USDA projects 2023 Farmer
income to decline by 21% following record highs reached in 2022,
which remains above the 20-year historical average.

Crop Inputs Remain Solid: Crop Inputs earnings for 2023 remained
solid but down with EBITDA decreasing around 20% for the first
three quarters of 2023 following a very strong 2022. The lower
EBITDA was driven by unfavorable pricing and mix as well as lower
volumes. Fitch expects muted growth in 2024, as lower commodity
prices may slow customer inventory stocking considerations.

Dairy Foods Rebound: Gross margins rebounded from 4.4% to 7.2% due
to pricing actions, lower milk costs, higher butter and cheese
margins, lower shipping and freight costs, and reductions in member
milk premiums that resulted in a very strong rebound in Dairy Foods
EBITDA in 2023. Dairy Foods EBITDA could continue to improve in
2024 as cyclical headwinds moderate and benefits from lagging price
increases flow through combined with an additional $0.27 per
hundred pounds of milk (cwt) reduction in member milk premiums paid
in spring 2023 that should support profitability. LOL is targeting
growth in their higher-margin branded dairy portfolio including a
mix shift from commodity to branded products.

Stabilization Expected in Animal Nutrition: Operating fundamentals
could begin to stabilize in 2024, following some cyclical weakness
with 2023 operating results that saw segment EBITDA down around 25%
yoy for the first nine months of 2023. Animal herds at decade lows,
softness in lifestyle products demand and higher costs weighed on
2023 YTD results. The company has restructured its sales force and
plans to rationalize feed SKUs, invest in a new ERP system for
feed, and could right size or close some plants to help stabilize
the business.

Fitch expects LOL will manage through any further inflationary
effects through a combination of price increases, exploring
efficiencies and adjusting product offerings. Risks include volume
and margin pressures from producers shifting from premium to
mid-tier products.

Mid-2x Leverage Expected: EBITDA leverage could be around 2.6x in
2023 compared with 2.7x in 2022 supported by EBITDA in the mid-$400
million range. LOL has improved its financial profile during the
past several years from peak debt levels of $2 billion in 2017 to
around $1.3 billion in 2023 driven primarily through working
capital improvements combined with notes repayment. Fitch projects
leverage of approximately 2.5x in 2024.

Disciplined Capital Allocation Policy: Co-ops generally distribute
the majority of their earnings back to members, resulting in low
FCF. LOL's board has a current cash target for distribution of 60%
of prior year's net earnings, with the remainder retained by the
company as either permanent or member equity. Fitch believes the
60% target affords LOL sufficient flexibility to maintain adequate
capital to finance its business and maintain sufficient permanent
equity. The board of directors will annually establish the total
allowable payments for the current year cash to cooperative members
including cash patronage.

LOL has multiple options to retain additional earnings by adjusting
co-op policies that provide flexibility to acquire and maintain
adequate capital to fund strategic business initiatives. LOL
retains permanent equity through both its non-member business
earnings and its by-laws that allow the company to retain up to 25%
of earnings from its member business with no revolvement
requirements. The current holdback percentages for the dairy
business and the agriculture business are 25% and 20%,
respectively. LOL can also increase the amount of equity a member
must retain in either the dairy or agricultural services co-op.

Credit Enhancements Exist: LOL's debt agreements contain
credit-enhancing clauses that subordinate the majority of patronage
payments to debt payments with an allowed 20% cash patronage
distribution to preserve the co-op's tax status. LOL's effective
income tax rate is substantially lower than the statutory federal
and state income tax rates as a result of the tax deductibility of
qualified patronage distributions made from net income.

Parent Subsidiary Linkage: Fitch's analysis includes a strong
parent/weak subsidiary approach across LOL's capital structure.
Fitch assesses the quality of the overall linkage as high.

DERIVATION SUMMARY

LOL's ratings reflect its significant scale as the third largest
U.S. agricultural co-op and its leading market shares within the
categories in which it competes. The co-op's long-term track
record, good relationships with its grower/owners, as well as
strong brands including Land O' Lakes, Purina Animal Nutrition and
WinField Solutions, support the ratings. Fitch expects leverage
around the mid-2x range absent material acquisitions over the
forecast period.

LOL's business profile is more diversified compared with its
agricultural peers, with material earnings generation in crop
inputs, animal feed and dairy.

Dairy Farmers of America's (DFA; BBB/Stable) ratings reflect its
substantial scale as the largest U.S. dairy cooperative, unique
financial flexibility associated with its by-laws, and Fitch's
expectations for relatively stable operating performance over the
rating horizon. This is balanced against the low-margins and
commodity-like characteristics of the dairy industry. DFA has
improved its financial profile following significant M&A by
deleveraging its balance sheet through debt reduction and EBITDA
growth.

KEY ASSUMPTIONS

- EBITDA in the mid-$400 million range in 2023 and mid-$400 million
range in 2024;

- Capital spending around $225 million in 2023, falling to around
$200 million in 2024;

- FCF is negative in 2023, and remains negative in 2024;

- Total cash payments to members around $180 million in 2023,
decreasing to the mid $100 million range in 2024;

- EBITDA leverage in the mid-2x in 2023 and mid- 2x in 2024;

- Fitch assumes base interest rates between 4.8% to 3.3% over the
forecast horizon although the majority of LOL's debt (TLA, TLB and
promissory note) are fixed rates.

RATING SENSITIVITIES

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

Fitch does not expect a positive rating action in the
near-to-medium term due to the low-growth and low margin structure
of its business segments. However, future developments that may,
individually or collectively, lead to a positive action include:

- LOL diversifies its portfolio toward higher growth and
higher-margin categories that results in EBITDA approaching $700
million;

- EBITDA leverage sustained below 2x;

- LOL consistently generates break even to moderately positive
FCF.

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

- Sustained weakness or operating profit declines in at least one
of LOL's key business segments;

- EBITDA leverage sustained above 3x;

- FCF (cash flow from operations less capex and dividends) after
patronage dividends remains negative for multiple years;

- Board commitment to a higher cash patronage payout that creates a
sustained FCF deficit.

LIQUIDITY AND DEBT STRUCTURE

Good Liquidity: LOL's liquidity is good at around $1.7 billion as
of Dec. 31, 2023. Liquidity includes around $350 million cash and
cash equivalents, which varies seasonally and full availability on
its $575 million senior unsecured revolver maturing March 2028.
LOL's $850 million receivables facility maturing March 2028 was
undrawn.

Seasonal working capital needs are highest during the first and
early fourth quarters and trough-to-peak liquidity can vary up to
$800 million. Consequently, FCF can be volatile given the
commodity-oriented nature of its business and timing of payments.
Total cash payments to members are expected to be around $180
million in 2023 for revolvement, cash patronage, and estates and
age retirements.

Capital Structure Notching: The preferred stock ranks junior to the
senior debt and capital securities resulting in a two-notch
differential to the IDR. Fitch grants 50% equity credit to LOL's
preferred shares after considering the junior ranking, perpetuity,
the option to defer dividends and the cumulative coupon deferral.
The subordinated capital securities are one notch down from the IDR
at 'BB+'.

ISSUER PROFILE

Land O'Lakes, Inc., one of America's largest agribusiness and food
companies, is a member-owned cooperative with operations that span
from agricultural production to consumer foods. The company
operates in three segments: Dairy Foods, Feed and Crop Inputs.

SUMMARY OF FINANCIAL ADJUSTMENTS

- One time/non-ordinary charges;

- Cash patronage is treated as a dividend.

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            Prior
   -----------                 ------            -----
Land O'Lakes
Capital Trust I

   junior subordinated  LT      BB+    Affirmed    BB+

Land O' Lakes, Inc.     LT IDR  BBB-   Affirmed    BBB-

   senior unsecured     LT      BBB-   Affirmed    BBB-

   preferred            LT      BB     Affirmed    BB


LUCKY BUCKS: Chapter 7 Trustee Wants $237 Million Payout Documents
------------------------------------------------------------------
Emlyn Cameron of Law360 reports that a Delaware bankruptcy judge
should let the liquidating trustee for bankrupt gambling machine
operator Lucky Bucks Holdings LLC examine its former subsidiary to
evaluate whether he can recover anything related to over $237
million in allegedly fraudulent transfers to insiders, the trustee
told the court.

                       About Lucky Bucks

Lucky Bucks, LLC -- https://luckybucksga.com/ -- is a digital
skill-based COAM operator based in and incorporated under the laws
of the State of Georgia in the U.S. Its team has a combined 45
years of experience in the Georgia COAM industry.

After reaching a deal for a plan to equitize substantially all of
Lucky Bucks' secured debt, Lucky Bucks and its affiliates sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.
Del. Lead Case No. 23-10758) on June 9, 2023.  In the petition
signed by James Boyden, executive vice president, Lucky Bucks
disclosed up to $500 million in assets and up to $1 billion in
liabilities. As of the petition date, the Debtors have outstanding
funded debt obligations in the aggregate principal amount of $610
million.

Judge Karen B. Owens oversees the case.

Dennis F. Dunne, Esq., and Tyson Lomazow, Esq., at Milbank LLP; and
Russell C. Silberglied, Esq., at Richards, Layton & Finger P.A.,
serve as the Debtors' legal counsel. Evercore Group L.L.C. is the
Debtors' investment banker while M3 Advisory Partners, L.P., is the
financial advisor. Epiq Corporate Restructuring, LLC, serves as the
Debtors' claims and noticing agent.  C Street Advisory Group, LLC
served as strategy and communications advisor to Lucky Bucks.

Akin Gump Strauss Hauer & Feld LLP and Cole Schotz PC served as
legal counsel, Greenhill & Co., LLC served as financial advisor,
and OnMessage Public Strategies served as the communications
advisor to the ad hoc group of lenders holding term loan secured
debt of Lucky Bucks. Latham & Watkins LLP served as legal counsel
to certain other lenders holding secured debt of Lucky Bucks.

                          *     *     *

In October 2023, Lucky Bucks, LLC announced the completion of its
restructuring process and successful emergence from Chapter 11.
Lucky Bucks' exit from the bankruptcy process concludes a swift
restructuring that received approval of the Bankruptcy Court for
the District of Delaware through confirmation of its Chapter 11
plan on July 28, 2023, and approval of the Georgia Lottery
Corporation on September 29, 2023. The restructuring enabled Lucky
Bucks to reduce debt by over $500 million and inject substantial
new liquidity.

The Bankruptcy Court separately ordered that the Chapter 11
proceeding of Lucky Bucks Holdings LLC, the parent company of Lucky
Bucks LLC, be converted to a Chapter 7 liquidation at the behest of
its noteholders.


LUMEN TECHNOLOGIES: Appoints Diankha Linear to Board of Directors
-----------------------------------------------------------------
Lumen Technologies announced the appointment of Diankha Linear to
its board of directors, effective immediately.

Linear is a seasoned executive and proven operator with more than
20 years of experience leading across highly regulated technology,
logistics, and retail industries.  In her current role as president
and CEO of Community, Inc., she is disrupting how brands interact
with their customers with an engagement platform that connects
businesses, brands, and public figures to their audiences at
scale.

"Diankha's broad range of experience in technology, military
leadership, logistics, and retail will be invaluable to the Lumen
board.  Her expertise and insights will help shape our path as we
disrupt traditional telecom and deliver new technology services and
value to customers," said Kate Johnson, president, and CEO of
Lumen.

Linear's leadership and strategic abilities were initially forged
by 16 years of military service in the U.S. Army Reserve
(Airborne), including as a Logistics and Judge Advocate General
officer.

"Lumen has made foundational changes to transform itself and its
industry.  This focus on transformation is inspiring, and I am
looking forward to working alongside the board and seizing
opportunities to continue moving the company into the future," said
Linear.

Prior to leading Community, Inc., Linear served as general counsel
and corporate secretary at Convoy, Inc.  Before Convoy, she spent
nearly a decade in leadership positions at Fortune 500 companies
Nordstrom and Expeditors International of Washington. Ms. Linear is
a graduate of the University of Washington and the University of
Pennsylvania Law School.

She serves on the Board of Directors for Community, Inc., the Board
of Trustees for Swedish Health Systems, and Board of Directors of
the not-for-profit college access and leadership development
program, Rainier Scholars.

The appointment brings the Company's board count from 11 to 12.

                     About Lumen Technologies

Headquartered in Monroe, Louisiana, Lumen Technologies, Inc. is an
international facilities-based technology and communications
company focused on providing its business and mass markets
customers with a broad array of integrated products and services
necessary to fully participate in its ever-evolving digital world.
The Company's platform empowers its customers to swiftly adjust
digital programs to meet immediate demands, create efficiencies,
accelerate market access and reduce costs -- allowing customers to
rapidly evolve their IT programs to address dynamic changes.  

                             *   *   *

As reported by the TCR on Feb. 22, 2024, Moody's Investors Service
downgraded Lumen Technologies, Inc.'s corporate family rating to
Caa2 from Caa1 and its probability of default rating to Caa2-PD
from Caa1-PD.  The CFR downgrade reflects Lumen's continued weak
operating performance and medium to longer term refinancing risks.


LUMEN TECHNOLOGIES: Widens Net Loss to $10.3 Billion in 2023
------------------------------------------------------------
Lumen Technologies, Inc. filed with the Securities and Exchange
Commission its Annual Report on Form 10-K reporting a net loss of
$10.30 billion on $14.56 billion of operating revenue for the year
ended Dec. 31, 2023, compared to a net loss of $1.55 billion on
$17.48 billion of operating revenue for the year ended Dec. 31,
2022.

As of Dec. 31, 2023, the Company had $34.02 billion in total
assets, $3.53 billion in total current liabilities, $19.83 billion
in long-term debt, $10.24 billion in total deferred credits and
other liabilities, and $417 million in total stockholders' equity.

At Dec. 31, 2023, the Company held cash and cash equivalents of
$2.2 billion.  As of Dec. 31, 2023, the Company had approximately
$1.8 billion of borrowing capacity available under its $2.2 billion
revolving credit facility, net of undrawn letters of credit and
borrowings issued to the Company thereunder.  The Company typically
use its revolving credit facility as a source of liquidity for
operating activities and its other cash requirements.  The Company
had approximately $61 million of cash and cash equivalents outside
the United States at Dec. 31, 2023.  The Company currently believes
that there are no material restrictions on its ability to
repatriate cash and cash equivalents into the United States, and
that the Company may do so without paying or accruing U.S. taxes.
The Company does not currently intend to repatriate to the United
States any of its foreign cash and cash equivalents from operating
entities.

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

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/18926/000001892624000016/lumn-20231231.htm

                     About Lumen Technologies

Headquartered in Monroe, Louisiana, Lumen Technologies, Inc. is an
international facilities-based technology and communications
company focused on providing its business and mass markets
customers with a broad array of integrated products and services
necessary to fully participate in its ever-evolving digital world.
The Company's platform empowers its customers to swiftly adjust
digital programs to meet immediate demands, create efficiencies,
accelerate market access and reduce costs -- allowing customers to
rapidly evolve their IT programs to address dynamic changes.  

                             *   *   *

As reported by the TCR on Feb. 22, 2024, Moody's Investors Service
downgraded Lumen Technologies, Inc.'s corporate family rating to
Caa2 from Caa1 and its probability of default rating to Caa2-PD
from Caa1-PD.  The CFR downgrade reflects Lumen's continued weak
operating performance and medium to longer term refinancing risks.


MAGENTA BUYER: $3.18BB Bank Debt Trades at 39% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Magenta Buyer LLC
is a borrower were trading in the secondary market around 60.9
cents-on-the-dollar during the week ended Friday, Feb. 23, 2024,
according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 64.3
cents-on-the-dollar the previous week ended Feb. 16.

The $3.18 billion facility is a Term loan that is scheduled to
mature on July 27, 2028.  The amount is fully drawn and
outstanding.

Magenta Buyer LLC is a provider of cybersecurity software that
derives revenue from the sale of security products, subscriptions,
SaaS, support and maintenance, and professional services.




MAGENTA BUYER: $750MM Bank Debt Trades at 68% Discount
------------------------------------------------------
Participations in a syndicated loan under which Magenta Buyer LLC
is a borrower were trading in the secondary market around 31.6
cents-on-the-dollar during the week ended Friday, Feb. 23, 2024,
according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 33.9
cents-on-the-dollar the previous week ended Feb. 16.

The $750 million facility is a Term loan that is scheduled to
mature on July 27, 2029.  The amount is fully drawn and
outstanding.

Magenta Buyer LLC is a provider of cybersecurity software that
derives revenue from the sale of security products, subscriptions,
SaaS, support and maintenance, and professional services.



MARKING SPECIALISTS: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Marking Specialists/Polymer Technologies, Inc.
           DBA Marking Specialists Group
        1000 Asbury Drive
        Suite 2
        Buffalo Grove, IL 60089

Business Description: The Debtor offers professional graphic
                      design services to produce images and
                      artwork tailored to its client's
                      specifications.  It provides products in
                      Durographics, DuroArmor, DuroChrome, and
                      DuroLume.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Northern District of Illinois

Case No.: 24-02556

Judge: Hon. David D. Cleary

Debtor's Counsel: Lester A. Ottenheimer III, Esq.
                  OTTENHEIMER LAW GROUP, LLC
                  750 Lake Cook Road
                  Suite 290
                  Buffalo Grove, IL 60089
                  Tel: 847-520-9400
                  Fax: 847-520-9410
                  Email: lottenheimer@olawgroup.com

Total Assets: $323,382

Total Liabilities: $3,009,859

The petition was signed by Clifford A. Modlin as president.

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

https://www.pacermonitor.com/view/32VRFEA/Marking_SpecialistsPolymer_Technologies__ilnbke-24-02556__0001.0.pdf?mcid=tGE4TAMA


MIC GLEN: Moody's Cuts Rating on First Lien Loans to B3
-------------------------------------------------------
Moody's Investors Service downgraded MIC Glen LLC's senior secured
1st lien revolving credit facility and term loan ratings to B3 from
B2.  At the same time, Moody's assigned a B3 rating to the
company's proposed $115 million incremental senior secured 1st lien
term loan. Moody's also affirmed MIC Glen's B3 corporate family
rating, B3-PD probability of default rating and Caa2 2nd lien term
loan rating.  The ratings outlook remains stable.

Proceeds from the $115 million proposed senior secured incremental
1st lien term loan will be used to repay the company's $105 million
senior secured 2nd lien term loan as well as repay outstanding
revolver borrowings and fees and expenses. MIC Glen's 2nd lien term
loan rating will be withdrawn upon full repayment with proceeds of
proposed transaction.

The downgrade of the senior secured 1st lien revolver and term
loans to B3 from B2 and the assignment of the B3 rating to the
incremental term loan is the result of total 1st lien debt
representing the substantial majority MIC Glen's pro forma
liability structure, after the repayment of the 2nd lien debt
resulting in the credit risk of 1st lien lenders not being
materially different then that of the CFR. The affirmation of the
B3 CFR and B3-PD PDR reflects MIC Glen's value proposition and high
level of brand awareness as a Taco Bell franchisee, which has
supported the company's track record of same-store sales growth and
an expectation that future growth will be at a measured pace.
However, the company is constrained by its modest scale, high
leverage, geographic concentration and reliance on a single brand
(Taco Bell).

RATINGS RATIONALE

MIC Glen's B3 CFR is constrained by its modest scale in terms of
revenue and number of restaurants and high leverage. Other
constraints include geographic concentration in the South Central
US region, primarily Arkansas, Oklahoma and Missouri and
concentration in a single brand (Taco Bell). MIC Glen's credit
profile is supported by the strength, value proposition and high
level of brand awareness as a Taco Bell franchisee, which has
supported the company's strong track record of same-store sales
growth. Other considerations are the company's good liquidity
comprised of cash on hand, undrawn revolver and access to alternate
sources of liquidity, such as sale-leasebacks, along with an
expectation that growth will be at a measured pace.

The stable outlook reflects the strength of the Taco Bell brand
which helps supports a level of performance that would maintain at
least current credit metrics and liquidity. The outlook also
incorporates MIC Glen's good liquidity and that new restaurant
additions will be financed through cash flow and will come at a
measured pace.

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

Factors that could result in an upgrade include sustained
improvement in credit metrics as well as greater size, scale, and
geographic diversification. An upgrade would also require adherence
to more conservative financial policies, including a demonstrated
willingness to achieve and maintain stronger credit metrics.
Quantitatively, ratings could be upgraded if on a sustained basis,
debt to EBITDA remained under 5.5 times and EBIT coverage of
interest expense was over 1.75 times.

A downgrade could occur in the event there were a sustained
deterioration in operating performance or the company adopted more
aggressive financial strategies, which could include debt-financed
dividends. Quantitatively, ratings could be downgraded if on a
sustained basis Debt/EBITDA was above 6.75x or EBIT to interest
fell below 1.25x.

MIC Glen LLC owns and operates approximately 379 units, consisting
of 344 Taco Bells and Taco Bell dual brand restaurants, 26 7 Brews
and 9 Whataburgers primarily throughout the Southeast Central
region of the US. Revenue for the LTM period ending September 30,
2023 was about $621 million. MIC Glen is majority owned by
affiliates of private equity firm Mubadala Capital.

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


MILLTOO LLC: Unsecureds Will Get 5% of Claims over 3 Years
----------------------------------------------------------
Milltoo, LLC, filed with the U.S. Bankruptcy Court for the Northern
District of Ohio a Small Business Subchapter V Plan of
Reorganization dated February 19, 2024.

The Debtor is an Ohio limited liability company that operates
several hospitality establishments.

The Debtor operates two coffeeshops: 1) Coffee in the Valley at
6663 Center Road, Valley City, Ohio 44280; 2) Sandstone Coffee
House 254 Park Ave., Amherst, Ohio 44001 as well as Matteo's
Italian Restaurant 8072 Columbia Rd., Olmsted Falls, Ohio 44138
consisting of two coffee shops and one Italian restaurant.

The Debtor obtained several merchant cash advances to help with
cash flow after the failed "Rise and Grind" operation and the start
up of both the "Sandstone Coffeehouse" and "Matteo's Italian
Restaurant" operations. The repayment terms on these loans became
burdensome on the Debtor and created a scenario whereby the
aggressive debt service demands put the continuity of the Debtor's
business at risk.

On November 20, 2023, the Debtor filed a voluntary petition in this
Court for reorganization relief pursuant to Chapter 11 of the
Bankruptcy Code. The Debtor continues to operate its business and
manage its property pursuant to sections 1107(a) and 1108 of the
Bankruptcy Code.

Class B consists of Unsecured Claims and Unsecured Portion of Class
A-2 through A-6 Claims. In full satisfaction of all Class B
Nonpriority Unsecured Claims and the Unsecured portion of Class A 2
through Class A-6 Claims, such creditors shall receive a prorate
portion of Distributable Cash Estimated to be not less than
($26,012) for an estimated pro rata distribution of (5%). The
allowed unsecured claims total $433,927.87. This Class is
impaired.

The payment under this Plan to holders of Allowed Class B Claims
shall be made in quarterly payments for up to 3 years following the
Effective Date, but in no event, commencing no later than April 15,
2025. Total payments of Distributable Cash shall be not less than
$26,012.00 as shown on the "Net Income" line of the Feasibility
Analysis, exclusive of administrative expenses of the Chapter 11
Case over the term of the Plan.

Class D consists of the holders of Allowed Interests in the Debtor
including its Units. Each holder of an Interest in the Debtor shall
retain its Interest.

Through Restructuring Transactions, the Debtor will restructure its
finances by committing its projected disposable income to plan
payments and by modifying certain secured obligations.

The Debtor proposes to restructure its secured financings to enable
it to continue in business. The Debtor will make all payments due
to holders of Allowed Class A-1 and the unsecured portion of the
Allowed Class A-2 and Class A-6 Claims. The Debtor will also make
all payments due to the secured portions of the Claims in Classes
A-1 and A-2.

If the Plan is confirmed under section 1191(a) the holders of
Allowed Claims in Class B shall be paid in quarterly payments from
the Debtor's disposable income for a period of not more than 3
years but in no event, commencing no later than April 15, 2025.

Distributions of Distributable Cash shall be each holder's Pro Rata
share of Distributable Cash from (i) the Debtor's disposable
income; and (ii) any funds recovered by the Debtor, less any costs
associated with recovering such funds, with respect to those
claims, demands, and causes of action retained pursuant to Article
IX of this Plan from the preceding calendar year. The Debtor
estimates that Distributable Cash not less than $26,012.00, before
deduction for amounts paid for administrative claims over the life
of this Plan.

A full-text copy of the Plan of Reorganization dated February 19,
2024 is available at https://urlcurt.com/u?l=tNXCpN from
PacerMonitor.com at no charge.

Counsel to the Debtor:
   
     Michael A. Steel, Esq.
     Steel & Company Law Firm
     2950 West Market Street, Suite G
     Fairlawn, OH 44333
     Telephone: (330) 223-5050
     Email: msteel@steelcolaw.com

                      About Milltoo LLC

Milltoo, LLC is an Ohio limited liability company that operates
several hospitality establishments.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Ohio Case No. 23-51617) on Nov. 20,
2023, with up to $1 million in both assets and liabilities.
SeanMiller, managing member, signed the petition.

Judge Alan M. Koschik oversees the case.

Michael A. Steel, Esq., at Steel & Company, Ltd. represents the
Debtor as legal counsel.


MODELL'S SPORTING: Ex-CEO Mitchell Modell Loses Insurance Fight
---------------------------------------------------------------
Daphne Zhang of Bloomberg Law reports that an Argo Group
International Holdings Inc. unit won a directors and officers
insurance dispute against the former head of a New York sporting
goods company that had filed for bankruptcy after a federal judge
in Manhattan ruled the carrier never breached its insurance
contract.

Mitchell B. Modell, former CEO of Modell's Sporting Goods Inc.,
failed to show Argonaut Insurance Co. wrongfully provided legal
defense and settlement payments to Eric Spiel, the sports
retailer's former chief financial officer, the US District Court
for the Southern District of New York said Thursday, February 8,
2024.

                 About Modell's Sporting Goods

Modell's Sporting Goods -- https://www.modells.com/ -- was a
family-owned and operated retailer of sporting goods, athletic
footwear, active apparel, and fan gear. Modell's Sporting Goods
operated stores throughout New York, New Jersey, Pennsylvania,
Connecticut, Massachusetts, New Hampshire, Delaware, Maryland,
Virginia and the District of Columbia.

Modell's Sporting Goods, Inc., and its affiliates sought Chapter 11
protection (Bankr. D.N.J. Lead Case No. 20-14179) on March 11,
2020.

The Hon. Vincent F. Papalia was the case judge.

The Debtors tapped Cole Schotz P.C. as counsel; Berkeley Research
Group, LLC, as restructuring advisor; and Prime Clerk LLC as claims
agent.  The Official Committee of Unsecured Creditors retained
Lowenstein Sandler LLP, as counsel.

                          *     *     *

As of the Petition Date, the Debtors operated 134 stores, with 33
stores in New Jersey.  Unable to find a buyer to purchase the
business as a going concern, the Debtors immediately pivoted to an
orderly liquidation of all their assets.

On Nov. 13, 2020, the Court entered an order confirming the
Debtors' Liquidating Plan.  The Plan designates a liquidation
trustee to wind down the Debtors' affairs and prosecute causes of
action.  Steven Balasiano is the trustee for the MSG Liquidation
Trust.


MOREY MACHINING: Seeks to Hire Dal Lago Law as Counsel
------------------------------------------------------
Morey Machining & Manufacturing, Inc., seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to employ Dal
Lago Law as counsel.

The firm's services include:

     a. advising as to the Debtor's rights and duties in the
bankruptcy case;

     b. preparing pleadings related to the Case, including
developing a plan of reorganization; and

     c. taking any and all other necessary action incident to the
proper preservation and administration of the estate.

The firm will be paid at these rates:

     Mike Dal Lago, Esq.       $425 to $450 per hour
     Christian Haman, Esq.     $360 to $375 per hour
     Jennifer Duffy, Esq.      $340 to $350 per hour
     Kim Christian             $210 to $220 per hour
     Colleen McLaughlin        $125 to $165 per hour
     Frances Vazquez           $165 per hour
     Grace Burnes              $125 per hour

The firm received from the Debtor a retainer in the amount of
$23,268.

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

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

The firm can be reached at:

      Michael R. Dal Lago, Esq.
      DAL LAGO LAW
      999 Vanderbilt Beach Road, Suite 200
      Naples, FL 34108
      Telephone: (201) 417-8229
      Email: mike@dallagolaw.com

              About Morey Machining & Manufacturing, Inc.

Morey Machining & Manufacturing Inc. is a family-owned and operated
business dedicated to providing machining and fabrication services.
Morey Machining & Manufacturing Inc. sought relief under Subchapter
V of Chapter 11 of the U.S. Bankruptcy Code (Bankr. M.D. Fla. Case
No. 23-01556) on December 22, 2023.

In the petition filed by Timothy E. Morey, as president/owner, the
Debtor disclosed total assets of $1,458,706 and total liabilities
of $1,516,760.  The petition states funds will be available to
unsecured creditors.

Kathleen L DiSanto has been appointed as Subchapter V trustee.

The Debtor is represented by Michael R Dal Lago, Esq.


N 83RD PROPERTIES: Case Summary & Two Unsecured Creditors
---------------------------------------------------------
Debtor: N 83rd Properties LLC
        9375 E Shea Blvd
        Scottsdale, AZ 85260-6986

Business Description: The Debtor is primarily engaged in renting
                      and leasing real estate properties.

Chapter 11 Petition Date: February 22, 2024

Court: Unites States Bankruptcy Court
       Western District of Washington

Case No.: 24-10399

Judge: Hon. Christopher M. Alston

Debtor's Counsel: Kathryn P. Scordato, Esq.
                  SCORDATO LAW, PLLC
                  PO Box 1962
                  Seattle WA 98111-1962
                  Tel: (206) 223-9595
                  E-mail: kathryn@scordatolaw.com

Total Assets: $5,899,000

Total Liabilities: $5,776,689

The petition was signed by Daryle J. Rutherford as managing and
sole member.

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/UVDOFMQ/N_83rd_Properties_LLC__wawbke-24-10399__0001.0.pdf?mcid=tGE4TAMA


NB DARBY ROW DST: Case Summary & One Unsecured Creditor
-------------------------------------------------------
Debtor: NB Darby Row, DST, now known as NB Darby Row, LLC
        20 Enterprise, Suite 400
        Aliso Viejo, CA 92656

Business Description: The Debtor is a real estate company that
                      offers fully-furnished rental options,
                      including one, two, and four-bedroom
                      apartments and townhomes for rent in South
                      Bend, Indiana.

Chapter 11 Petition Date: February 23, 2023

Court: United States Bankruptcy Court
       Northern District of Indiana

Case No.: 24-30163

Debtor's Counsel: KC Cohen, Esq.
                  KC COHEN, LAWYER, PC
                  1915 Broad Ripple Ave.
                  Indianapolis IN 46220
                  Tel: 317-715-1845
                  Email: kc@esoft-legal.com

Total Assets: $3,021,844

Total Liabilities: $4,300,000

The petition was signed by Brian Nelson, authorized representative,
NB Avalon St, LLC, manager.

The Debtor listed TRIGILD IVL located at 4131 N. Central Expressway
#775, Dallas, TX, 75204 as its sole unsecured creditor.

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

https://www.pacermonitor.com/view/AVYMTBY/NB_Darby_Row_DST_now_known_as__innbke-24-30163__0001.0.pdf?mcid=tGE4TAMA


NEW WAY DAY: Case Summary & Four Unsecured Creditors
----------------------------------------------------
Debtor: New Way Day Services, Inc.
          d/b/a Koala ABA & Learning Centers & Koalafied, ATTA
          d/b/a Koala Learning Centers
        2898 NW 79th Avenue
        Miami, FL 33122

Business Description: The Debtor offers child day care services

Chapter 11 Petition Date: February 22, 2024

Court: United States Bankruptcy Court
       Southern District of Florida

Case No.: 24-11695

Judge: Hon. Robert A. Mark

Debtor's Counsel: Jacqueline Calderin, Esq.
                  AGENTIS PLLC
                    45 Almeria Avenue
                    Coral Gables FL 33134
                    Tel: (305) 722-2002
                    Email: jc@agentislaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Pedro Curbelo as authorized
representative of the Debtor.

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

https://www.pacermonitor.com/view/YEHEHSQ/New_Way_Day_Services_Inc__flsbke-24-11695__0001.0.pdf?mcid=tGE4TAMA


NEWSOME TRUCKING: Court OKs Interim Cash Collateral Access
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Georgia,
Gainesville Division, authorized Newsome Trucking, Inc. to use cash
collateral on an interim basis, in accordance with the budget, with
a 10% variance, through the earlier of:

    a. March 31, 2024;

    b. the appointment of a Chapter 11 Trustee;

    c. the conversion of the Bankruptcy Case to a case under
Chapter 7 of the Bankruptcy Code;

    d. the date on which a Termination Event shall occur;

    e. the entry of an order dismissing the Bankruptcy Case and
such Order becoming effective pursuant to its terms; or

    f. further order of the Bankruptcy Court;

The Debtor requires the use of cash collateral for payment for
payment of operational and administrative expenses in accordance
with the budget.

As of the Petition Date, the Debtor entered into numerous
Negotiable Promissory Note and Security Agreements evidencing
various installment loans, each secured and cross-collateralized by
virtually all of Newsome Trucking, Inc.'s collateral, pursuant to
which Commercial Credit Group Inc. provided secured financing in
the principal amount of $6 million, of which not less than $3.921
million remained outstanding on the Petition Date.

The Debtor is indebted to CCG in the approximate non-contingent
liquidated amount of no less than $3.921 million as of the Petition
Date.

The entities that may also assert an interest in the Debtor's cash
collateral are Advance Financial Corporation; Ally Financial;
Caterpillar Financial Services Corp.; Fountain Equipment Finance,
LLC; Kubota Credit Corporation, U.S.A.; M&T Equipment Finance
Corp.; MHC Financial Services, LLC; Toyota Commercial Finance; and
United States Small Business.

As adequate protection, the Debtor will make adequate protection
payments to Respondents and grant Respondents a replacement lien,
subordinate to any lien granted to Commercial Funding Inc. to
secure the DIP financing provided or to be provided to the Debtor
by Commercial Funding Inc.

A copy of the court's order is available at
https://urlcurt.com/u?l=vr5cFr from PacerMonitor.com.

                      About Newsome Trucking

Newsome Trucking, Inc. is a privately held trucking company serving
Cherokee County, Ga., and Cobb County, Ga., and the nearby areas.
The company offers local and long-haul trucking services with a
guarantee of on-time delivery. It offers a wide array of different
trucking services including cargo services, hauling services, and
grading services.

Newsome Trucking sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-20109) on Jan. 29,
2024, with $1 million to $10 million in both assets and
liabilities. Kevin R. Newsome, chief executive officer, signed the
petition.

Judge James R. Sacca oversees the case.

Paul Reece Marr, Esq., at Paul Reece Marr, PC represents the Debtor
as legal counsel.


NORTH CAROLINA THEATRE: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: The North Carolina Theatre
           f/d/b/a Carolina Readers Theatre
           f/d/b/a The Carolina Regional Theatre
           d/b/a The North Carolina Theatre and Conservatory
        One E. South Street
        Raleigh, NC 27601

Business Description: The Debtor is a professional theatre company
                      producing live musical theatre.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Case No.: 24-00596

Debtor's Counsel: Rebecca F. Redwine, Esq.
                  HENDREN, REDWINE & MALONE, PLLC
                  4600 Marriott Drive
                  Suite 150
                  Raleigh, NC 27612
                  Tel: (919) 420-7867
                  Fax: (919) 420-0475
                  Email: rredwine@hendrenmalone.com

Total Assets: $204,912

Total Liabilities: $2,123,225

The petition was signed by John A. Zaloom, chairman of the Board of
Directors.

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/ISNYUFY/The_North_Carolina_Theatre__ncebke-24-00596__0001.0.pdf?mcid=tGE4TAMA


OLIVER 889: Nat Wasserstein Named Subchapter V Trustee
------------------------------------------------------
The U.S. Trustee for Region 2 appointed Nat Wasserstein, Esq., at
Lindenwood Associates, LLC as Subchapter V trustee for Oliver 889,
LLC.

Mr. Wasserstein will be paid an hourly fee of $485 for his services
as Subchapter V trustee and will be reimbursed for
work-related expenses incurred.

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

The Subchapter V trustee can be reached at:

     Nat Wasserstein, Esq.
     Lindenwood Associates, LLC
     328 North Broadway, 2nd Foor
     Upper Nyack, New York 10960
     T: (845) 398-9825
     F: (212) 208-4436
     Email: nat@lindenwoodassociates.com

                         About Oliver 889

Oliver 889, LLC is a New York-based company engaged in activities
related to real estate.

Oliver 889 filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-10215) on Feb. 9,
2024, with $1 million to $10 million in both assets and
liabilities. Noah Lenovitz, member, signed the petition.

Judge Lisa G. Beckerman presides over the case.

Ilan Markus, Esq., at Barclay Damon, LLP represents the Debtor as
legal counsel.


OMNI EXCAVATORS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Omni Excavators, Inc.
        818 New York Avenue
        Suite 222
        Washington, DC 20002

Business Description: The Debtor is part of the nonresidential
                      building construction industry.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       District of Columbia

Case No.: 24-00050

Debtor's Counsel: Justin P. Fasano, Esq.
                  MCNAMEE HOSEA, P.A.
                  6404 Ivy Lane, Suite 820
                  Greenbelt, MD 20770
                  Tel: 301-441-2420
                  Fax: 301-982-9450
                  Email: jfasano@mhlawyers.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Abotorob Rafi as president.

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

https://www.pacermonitor.com/view/5S3RQHI/Omni_Excavators_Inc__dcbke-24-00050__0001.0.pdf?mcid=tGE4TAMA


PAO BAY INVESTMENT: Seeks to Extend Plan Exclusivity to March 22
----------------------------------------------------------------
Pao Bay Investment Corp. asked the U.S. Bankruptcy Court for the
Southern District of Florida to extend its exclusivity period to
file a chapter 11 plan and disclosure statement to March 22, 2024.

The Debtor's overall plan is to determine valid, secured and
unsecured claims and to negotiate with the valid secured claim
and/or to refinance or sell its property to pay off the prepetition
debt.

Currently, there is a pending adversary case against 1250916
Ontario to determine the extent, priority and validity of their
putative lien against Debtor's property for a loan which The Debtor
claims was paid in full prepetition. The adversary has been delayed
until March, and the Defendant filed a third-party action against
Stewart Title.

In addition, a settlement/payoff is in the works with a party who
owes the Debtor sums of money. That party is in litigation,
unrelated to this case, to collect its investment in a now
completed South Beach real estate project.

The Debtor's general plan lacks sufficient detail for filing.
Debtor is therefore seeking an extension of the exclusivity period
to file the plan and disclosure statement when further details are
available.

Counsel to the Debtor:

     Scott Alan Orth, Esq.
     LAW OFFICES OF SCOTT ALAN ORTH, P.A.
     3860 Sheridan St STE A
     Hollywood, FL 33021
     Tel: (305) 757-3300
     Email: scott@orthlawoffice.com

                 About Pao Bay Investment Corp

Pao Bay Investment Corp is engaged in activities related to real
estate. The company is based in Miami Beach, Fla.

Pao Bay Investment Corp filed Chapter 11 petition (Bankr. S.D. Fla.
Case No. 23-15800) on July 25, 2023, with $1 million to $10 million
in both assets and liabilities. Paola Oramas, president, signed the
petition.

Judge Robert A. Mark oversees the case.

Scott Alan Orth, Esq. at the Law Offices of Scott Alan Orth, PA
represents the Debtor as bankruptcy counsel.


PINNACLE GRINDING: Hires as Darby Law as Bankruptcy Counsel
-----------------------------------------------------------
Pinnacle Grinding and Grooving, LLC seeks approval from the U.S.
Bankruptcy Court for the District of Nevada to employ Darby Law
Practice, LTD. as bankruptcy counsel.

The firm will provide these services:

     (a) give advice regarding the rights, powers and duties of the
Debtor in the continued operation of its business and management of
its properties;

     (b) take all necessary action to protect and preserve the
Debtor's estate;

     (c) prepare all necessary legal papers;

     (d) attend meetings and negotiations with the Subchapter V
trustee, representatives of creditors, equity holders or
prospective investors or acquirers and other parties in interest;

     (e) appear before the bankruptcy court, any appellate courts
and the Office of the United States Trustee to protect the
interests of the Debtor;

     (f) pursue approval of confirmation of a Chapter 11 plan of
reorganization and approval of the corresponding solicitation
procedures and disclosure statement; and

     (g) perform all other necessary legal services.

The hourly rate of the firm's professionals is $500.

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

The firm received a retainer in the amount of $25,000.

Kevin Darby, Esq., a partner at Darby Law Practice, disclosed in a
court filing that his firm is a "disinterested person" as the term
is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kevin A. Darby, Esq.
     DARBY LAW PRACTICE, LTD.
     499 W. Plumb Lane, Suite 202
     Reno, NV 89509
     Tel: (775) 322-1237
     Fax: (775) 996-7290
     Email: kevin@darbylawpractice.com

              About Pinnacle Grinding and Grooving, LLC

Pinnacle Grinding and Grooving, LLC is an experienced
subcontractor, specializing in pavement rehabilitation and
preservation through diamond grinding and grooving. The company is
based in Reno, Nev.

Pinnacle filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Nev. Case No. 24-50103) on February 1,
2024, with $2,866,132 in assets and $3,936,760 in liabilities.
Travis Brandt, manager, signed the petition.

Judge Hilary L. Barnes oversees the case.

Kevin A. Darby, Esq., at Darby Law Practice represents the Debtor
as bankruptcy counsel.


POINDEXTER PROPERTIES: $10.9MM Bank Debt Trades at 20% Discount
---------------------------------------------------------------
Participations in a syndicated loan under which Poindexter
Properties LLC is a borrower were trading in the secondary market
around 80.3 cents-on-the-dollar during the week ended Friday, Feb.
23, 2024, according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 82.6
cents-on-the-dollar the previous week ended Feb. 16.

The $10.9 million facility is an Asset-Based Term loan that is
scheduled to mature on March 18, 2030.  The amount is fully drawn
and outstanding.

Poindexter Properties LLC is in the Residential Building
Construction industry.



POINDEXTER PROPERTIES: $16MM Bank Debt Trades at 20% Discount
-------------------------------------------------------------
Participations in a syndicated loan under which Poindexter
Properties LLC is a borrower were trading in the secondary market
around 80.1 cents-on-the-dollar during the week ended Friday, Feb.
23, 2024, according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 82.5
cents-on-the-dollar the previous week ended Feb. 16.

The $16 million facility is an Asset-Based Term loan that is
scheduled to mature on March 25, 2030.  The amount is fully drawn
and outstanding.

Poindexter Properties LLC is in the Residential Building
Construction industry.



POLYMER EXTRUSION: Seeks to Extend Plan Exclusivity to March 22
---------------------------------------------------------------
Polymer Extrusion Technology Incorporated asked the U.S. Bankruptcy
Court for the Southern District of Florida to extend the exclusive
periods to file a plan of reorganization and to solicit acceptances
thereof to March 22 and May 22, 2024, respectively.

The Debtor's primary unsecured creditor Glasshape Manufacturing,
Ltd. holds a judgment against the Debtor which is the subject of a
pending appeal before the Florida Fourth District Court of Appeal
(the "Appeal").

Pursuant to this Court's Order Granting Motion for Relief from
Stay, Debtor and Glasshape pursued the Appeal, and on November 8,
2023, the Fourth District Court of Appeal reversed the State Court
Order, and remanded for a trial de novo on the merits, thereafter
delivering its Mandate on December 1, 2023.

In addition, an extension of the Exclusive Period is customary, as
well as essential, in the context of the Debtor's Chapter 11 case.
Ample cause exists to grant the Debtor such relief because, inter
alia, (i) the Debtor continues to be modestly profitable in the
present case, (ii) the Debtor is not seeking to use exclusivity to
pressure creditors into accepting a plan they find unacceptable,
and (iii) no viable plan can be proposed cost effectively absent a
decision on the pending Appeal.

The Debtor submits that an extension of the Exclusive Period is
warranted and appropriate for this case. The relief requested will
afford the Debtor a full and fair opportunity to negotiate,
propose, and seek acceptances of a confirmable Chapter 11 plan.

Counsel to the Debtor:

          David A. Ray, Esq.
          DAVID A. RAY, P.A.
          303 Southwest 6th Street
          Fort Lauderdale, FL 33315
          Tel: (954) 399-0105
          Email: dray@draypa.com

                About Polymer Extrusion Technology

Polymer Extrusion Technology Incorporated, doing business as
Glasslam, is engaged in plastic products manufacturing. The company
is based in Pompano Beach, Fla.

Polymer filed its voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-12348) on March
27, 2023, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities. Violet Howes, director at Polymer, signed
the petition.

Judge Scott M. Grossman presides over the case.

The Debtor tapped David A. Ray, Esq., at David A. Ray, PA as
bankruptcy counsel; John D. Heffling, Esq., at Hall Booth Smith, PC
as special appellate counsel; and Hylton Wynick, CIRA, CRFAC, at
YIP Associates as financial advisor and accountant.


PRESTIGE HOME: Bankruptcy Administrator Unable to Appoint Committee
-------------------------------------------------------------------
The U.S. Bankruptcy Administrator for the Eastern District of North
Carolina disclosed in a filing that no official committee of
unsecured creditors has been appointed in the Chapter 11 case of
Prestige Home Health Care, LLC.

                 About Prestige Home Health Care

Prestige Home Health Care, LLC filed Chapter 11 petition (Bankr.
E.D.N.C. Case No. 24-00105) on Jan. 12, 2024, with as much as $1
million in both assets and liabilities.

Judge Pamela W. McAfee oversees the case.

The Debtor tapped Danny Bradford, Esq., at Bradford Law Offices as
bankruptcy counsel and Darnell K. Tennie at The Tennie Group, LLC
as accountant.


PRIME MARKETING: Hires Humphrey O'Rourke PLLC as Local Counsel
--------------------------------------------------------------
Prime Marketing, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to employ Humphrey O'Rourke PLLC as
local counsel.

The firm's services include:

     a. assisting and advising Debtor's lead counsel with local
procedure;

     b. assisting and advising the Debtor in case administration
and in its consultation with other parties in interest, including
the Subchapter V Trustee, in the Bankruptcy Case;

     c. preparing or assisting in preparation on behalf of the
Debtor all necessary schedules and statements;

     d. assisting and advising the Debtor as to its powers and
duties under the Bankruptcy Code;

     e. defending, if appropriate, any motions brought under 11
U.S.C. 361 and 362;

     f. attending meetings, negotiations with committees (if
appointed) and parties in interest and hearings before this Court
on behalf of the Debtor, and communicating with Debtor about issues
raised, options presented and decisions made by the Court;

     g. analyzing all motions, objections, applications, or other
pleadings filed in the Bankruptcy Case by any other interested
parties, and consult with and advise the Debtor on appropriate
actions;

     h. preparing all motions, applications, objections, responses,
answers, proposed orders, reports or other papers necessary for and
to support the Debtor's positions and interest in the Bankruptcy
Case, including (without limitation) advising the Debtor with
respect to a Plan of Reorganization;

     i. taking all necessary and appropriate action to protect and
preserve the Debtor's bankruptcy estate, including investigating,
researching, and prosecuting avoidance, turnover, or state-law
based actions and/or claims on the Debtor's behalf, objecting to
claims, defending any actions commenced against the Debtor, and
negotiating disputes involving the Debtor;

     j. assisting the Debtor with review of documents and witness
preparation as needed in the Bankruptcy Case;

     k. assisting the Debtor in negotiations with other parties in
interest and the Debtor regarding terms of any proposed
reorganization of the Debtor;

     l. assisting the Debtor with identifying and prosecuting any
potential claims that Debtor may hold against third parties;

     m. advising the Debtor on whether and how best to reorganize
and/or liquidate the assets of Debtor for the best interest of the
Debtor, including formulating, preparing, and negotiating a plan of
reorganization; and

     n. performing all other professional legal services necessary
in connection with the Debtor's Chapter 11 proceedings as necessary
and guided by Debtor's lead counsel.

The firm will be paid at the rates of $350 to $450 per hour.

The firm received a retainer from the Debtor in the amount of
$5,000.

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

L. Edward Humphrey, Esq., a partner at Humphrey O'rourke PLLC,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     L. Edward Humphrey, Esq.
     Patrick O'Rourke, Esq.
     HUMPHREY O'ROURKE PLLC
     201 W. Liberty Street, Suite 350
     Reno, Nevada 89501
     Tel: (775) 420-3500
     Fax: (775) 683-9917
     Email: ed@hlawnv.com
            patrick@hlawnv.com

              About Prime Marketing, LLC

Prime Marketing, LLC is a provider of smart IT tools for a business
of global organizations of any sizes. From developing exclusive
strategies to delivering the products, services and expertise, the
company helps its clients' business run more competently and revise
through technology Solutions.

Prime Marketing filed a petition under Chapter 11, Subchapter V of
the Bankruptcy Code (Bankr. D. Nev. Case No. 24-50091) on Jan. 29,
2024, with $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.

Judge Katharine M. Samson oversees the case.

L. Edward Humphrey, Esq., at Humphrey O'Rourke, PLLC represents the
Debtor as legal counsel.


QUEST SOFTWARE: $765MM Bank Debt Trades at 54% Discount
-------------------------------------------------------
Participations in a syndicated loan under which Quest Software Inc
is a borrower were trading in the secondary market around 45.8
cents-on-the-dollar during the week ended Friday, Feb. 23, 2024,
according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 49.7
cents-on-the-dollar the previous week ended Feb. 16.

The $765 million facility is a Term loan that is scheduled to
mature on February 1, 2030.  The amount is fully drawn and
outstanding.

Quest Software provides software solutions. The Company offers
enterprise software that identities, users and data, streamlines IT
operations, and hardens cyber security from the inside out. Quest
Software serves customers in the United States.



R & D TIMBER: Seeks Cash Collateral Access
------------------------------------------
R & D Timber Co., Inc. asks the U.S. Bankruptcy Court for the
District of South Carolina for authority to use cash collateral and
provide adequate protection.

The Debtor uses this Personal Property to generate cash income and
create accounts receivable which it uses to fund its operations. At
the time of the filing of the bankruptcy case the Debtor had
approximately $39,854 in collectible accounts receivable.

Enterprise Bank has a first priority lien position as to the
accounts receivable based upon a Note and Security Agreement dated
January 12, 2023, with an applicable UCC-1 filed on January 18,
2023. Enterprise is owed approximately $126,914.

Leaf Capital Funding, LLC has a second priority lien position as to
the accounts receivables based upon an Agreement originally
executed on or about September, 27, 2022, with an applicable
amended UCC-1 filed on November 14, 2023 to add the accounts
receivable as additional collateral.

Leaf is owed approximately $129,859. It appears that Leaf is wholly
unsecured.

The Debtor has prepared a proposed budget which projects
anticipated income and expenses over the next six months. As part
of that budget, the Debtor has not proposed making payments to
Enterprise or Leaf, as they are undersecured and wholly unsecured
respectively, as to the accounts receivable. The Debtor believes
that the accounts receivable will not substantially deviate from
the date of the filing. The Debtor anticipates that, subject to the
further Order of the Court, the Court may authorize the Debtor to
make adequate protection payments to Enterprise or Leaf, which will
be paid in addition to the expenses in the budget.

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

                   About R & D Timber Co., Inc.

R & D Timber Co., Inc. offers land clearing, excavation, and
forestry mulching services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. S.C. Case No. 24-00577) on February 16,
2024. In the petition signed by Danny L. Bishop, president, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Elisabetta Gm Gasparini oversees the case.

Kevin Campbell, Esq., at Campbell Law Firm, PA, represents the
Debtor as legal counsel.


RED CAT: Closes Sale of Consumer Division in $20-Mil. Transaction
-----------------------------------------------------------------
Red Cat Holdings, Inc. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on Feb. 16, 2024, it closed
the sale of Rotor Riot, LLC and Fat Shark Holdings, Ltd., its
wholly-owned subsidiaries, to Unusual Machines, Inc., a Puerto Rico
corporation.  

The sale was conducted pursuant to a Share Purchase Agreement dated
Nov. 21, 2022, as amended on April 13, 2023, July 10, 2023, and
Dec. 11, 2023.  Rotor Riot and Fat Shark previously focused on
sales to the consumer segment, including recreational and hobbyist
drones, first-person-view goggles, and acting as a licensed
authorized reseller of consumer drone products.  The transaction
closed concurrently with UMAC's initial public offering and listing
on the NYSE American exchange ("IPO") under the symbol "UMAC."
Following divestiture of its consumer division, the Company intends
to focus its efforts exclusively on drone technology integrating
robotic hardware and software for military, government, and
commercial operations.

On Sept. 19, 2022, the Company formed a Special Committee of its
Board of Directors consisting of Joe Freedman and Christopher Moe,
independent directors, in order to negotiate and conclude the SPA
on behalf of the Company.  The SPA was approved by shareholders of
the Company at a special meeting held March 8, 2023.  In evaluating
the consideration to be paid to the Company for its ownership of
Rotor Riot and Fat Shark, the special committee evaluated the fair
market value of both companies and obtained and reviewed an
independent fair market value analysis of the companies prepared by
Vantage Point Advisors, Inc.

     Consideration for Sale of Consumer Division Under the SPA

The total consideration received by the Company for its sale of
Rotor Riot and Fat Shark was valued at $20 million, and consisted
of the following elements:

  * $1 million in cash, which was paid from the proceeds of UMAC's
initial public offering;

  * $2 million in the form of a promissory note payable to the
Company; and

  * $17 million worth of UMAC common stock, valued at the initial
public offering price for UMAC's common stock, resulting in
4,250,000 shares of UMAC common stock being issued to the Company
(representing approximately 48.66% of UMAC's issued and outstanding
common stock after giving effect to the IPO and to the issuance of
common stock to the Company upon closing of the IPO).

In addition, UMAC is required to pay the Company for the amount of
the working capital balances of Rotor Riot and Fat Shark as of the
Closing Date.

8% Promissory Note

The Note bears interest at a rate of 8% per year, is due 18 months
from the date of issue, and requires monthly payments of interest
due in arrears on the 15th day of each month.  In the event of a
Qualified Financing (defined as one or more related debt or equity
financings by UMAC resulting in net proceeds of at least $5
million, other than UMAC's completed IPO), the Company may require
payment of the Note in whole or in part upon written notice given
within 10 days of the Qualified Financing.  During the occurrence
and continuance of any event of default under the Note, the Company
may, at its option, convert the amounts due under the Note to
common stock of UMAC in whole or in part from time to time.  The
conversion price will be a 10% discount to the average daily volume
weighted average price for UMAC's common stock over the 10 days
preceding the conversion. Conversions under the Note will be
limited such that no conversion may be made to the extent that,
after giving effect to the conversion, the Company, together with
its affiliates, would beneficially own in excess of 4.99% of UMAC's
common stock. This limit may be increased by the Company upon 61
days written notice.

Registration Rights Agreement

In connection with the closing of the SPA, UMAC and the Company
entered into a Registration Rights Agreement.  Under the RRA, UMAC
has agreed to file a registration statement with the Securities and
Exchange Commission covering the Company's resale of 500,000 of the
shares of the UMAC common stock issued to the Company under the
SPA. UMAC is required to file a registration statement with the
Commission within 120 days after the effectiveness of the
registration statement for its IPO and must use its best efforts to
secure effectiveness of the registration statement within 180 days
of the effectiveness of its IPO registration statement.

Non-competition Agreements

Company Non-Compete

In connection with the closing of the SPA, UMAC, Rotor Riot, and
Fat Shark entered into a Non-Competition Agreement in favor of the
Company.  Under the Company Non-Compete, UMAC, Rotor Riot, and Fat
Shark have agreed that, for a period of 5 years, they shall not
design, manufacture, market, import, build or sell any Group 1 or
Group 2 UAV drone to customers which are a governmental authority
(as defined in the agreement) and/or any third-party intermediary
to customers which are a governmental authority, without the prior
written consent of the Company.  A "Group 1 UAV" drone is defined
as a small, lightweight unmanned system (such as the Teal 2 and
RQ-11 Raven drones) weighing up to 20 pounds that are designed for
operation at lower altitudes (capable of reaching up to 1,200 feet
above ground level) at speeds of less than 100 knots.  A "Group 2
UAV" drone is defined as drones that weigh between 21 and 55 pounds
(such as the RQ-7 Shadow) and are designed for medium range
missions, capable of reaching altitudes up to 3,500 feet above
ground level and flying at speed less than 250 knots.

In addition, UMAC shall be entitled to be paid 10% of net collected
revenue as and when collected for sales made by our subsidiary Teal
Drones Inc. which are referred by UMAC for sales of Group 1 or
Group 2 UAV drones to a government authority not previously in
contact with Teal.  UMAC shall be obligated during the 5-year
restricted period to refer all such opportunities to Teal.

Allan Evans Non-Compete

Also in connection with the closing of the SPA, the CEO of UMAC,
Allan Evans, entered into a Non-Compete agreement in favor of the
Company.  Under the Evans Non-Compete, Mr. Evans agreed that, for a
period of 12 months, he shall not engage in any business activity
similar to, or competitive with, the business conducted by the
Company or its affiliates, including, but not limited to, the
design, manufacture, market, import, building or selling of any
Group 1 or Group 2 UAV drone to customers which are a governmental
authority.

The Company's Chief Executive Officer, Chairman and founder,
Jeffrey Thompson, is the founder of UMAC and formerly served as its
Chief Executive Officer and Chairman from inception in July 2019
until April 2022.  Mr. Thompson owns 1,557,000 shares of UMAC
common stock, which represents approximately 3.76% of UMAC's shares
after giving effect to the IPO and to the issuance of common stock
to the Company upon closing of the IPO.

                   About Red Cat Holdings Inc.

Red Cat (Nasdaq: RCAT) is a drone technology company integrating
robotic hardware and software for military, government, and
commercial operations.  Red Cat's solutions are designed to
"Dominate the Night" and include the Teal 2, a small unmanned
system offering the highest-resolution thermal imaging in its
class. Learn more at www.redcatholdings.com

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2020, issued a "going concern" qualification in its report dated
July 27, 2023, citing that the Company has suffered recurring
losses from operations that raises substantial doubt about its
ability to continue as a going concern.


RENEE REALTY: Paula Beran of Tavenner Named Subchapter V Trustee
----------------------------------------------------------------
The Acting U.S. Trustee for Region 4 appointed Paula Beran, Esq.,
at Tavenner & Beran, PLC as Subchapter V trustee for Renee Realty,
L.L.C.

Ms. Beran will be paid an hourly fee of $480 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Paula S. Beran, Esq.
     Tavenner & Beran, PLC
     20 North 8th Street
     Richmond, Virginia 23219
     Phone: (804) 783-8300
     Email: Beran@TB-LawFirm.com

                        About Renee Realty

Renee Realty, L.L.C., doing business as Slate Hill Winery, L.L.C.,
sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. E.D. Va. Case No. 24-30508) on February 12, 2024, with $1
million to $10 million in both assets and liabilities. Rodney S.
Ferguson, manager, signed the petition.

Brittany B. Falabella, Esq., at Hirschler Fleischer, P.C.
represents the Debtor as legal counsel.


RIGHTWORKS STAFFING: Case Summary & Nine Unsecured Creditors
------------------------------------------------------------
Debtor: Rightworks Staffing Inc.
        1201 Kenwood Ave
        Austin, TX 78704

Business Description: The Debtor is an employment staffing and
                      placement firm.

Chapter 11 Petition Date: February 23, 2024

Court: United States Bankruptcy Court
       Western District of Texas

Case No.: 24-10181

Judge: Hon. Shad Robinson

Debtor's Counsel: Frank B. Lyon, Esq.
                  FRANK B LYON
                  PO Box 50210      
                  Austin TX 78763-0210
                  Email: frank@franklyon.com

Total Assets: $1,089,497

Total Liabilities: $3,183,091

The petition was signed by John Florez as president.

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

https://www.pacermonitor.com/view/H5XVNGA/Rightworks_Staffing_Inc__txwbke-24-10181__0001.0.pdf?mcid=tGE4TAMA


RITE AID: Expects Plan to Pay 0% to Unsecureds; Files Amended Plan
------------------------------------------------------------------
Rite Aid Corp. and its Debtor Affiliates filed with the U.S.
Bankruptcy Court for the District of New Jersey a Disclosure
Statement relating to the Amended Joint Chapter 11 Plan dated
February 20, 2024.

Rite Aid has been on the front lines of delivering healthcare
services and retail products to millions of Americans for more than
60 years. Rite Aid's retail pharmacy employs more than 5,500
pharmacists and operates approximately 1,700 pharmacies in sixteen
states.

Rite Aid filed these Chapter 11 Cases to implement through the Plan
a comprehensive restructuring transaction that will ensure Rite Aid
can continue to serve customers and patients and deliver on its
core mission for years to come.

Negotiations between the Company and its stakeholders regarding the
terms of a comprehensive restructuring accelerated during the
summer of 2023. Following months of diligence and extensive,
arm's-length negotiations, Rite Aid and the Ad Hoc Secured
Noteholder Group in consultation with the DIP Agents, had reached
an agreement in principle regarding the terms of such a
restructuring on October 15, 2023, and concurrently commenced the
Chapter 11 Cases. To facilitate consummation of the restructuring,
Rite Aid also obtained nearly $3.5 billion of committed
postpetition debtor-in-possession financing, comprised of the DIP
ABL Facility, the DIP FILO Facility, and the DIP Term Loan
Facility.

The centerpiece of the Restructuring Transactions contemplated in
the Plan is the Plan Restructuring. The Plan Restructuring will
result in the deleveraging of Rite Aid's prepetition indebtedness
by more than $2 billion and provide Rite Aid with enhanced
flexibility to invest in the "Rite Aid 2.0" business. Concurrently
with advancing efforts to consummate the Plan Restructuring, the
Company, with the assistance of their advisors has run an
expeditious and flexible marketing process to market test the Plan
Restructuring against other potential proposals to acquire Rite
Aid's assets through a sale process, pursuant to the global Bidding
Procedures and Bidding Procedures Order, which the Bankruptcy Court
approved on October 18, 2023, and the amended Bidding Procedures
Order, approved on January 9, 2024 (the "Amended Bidding Procedures
Order").

The Plan will implement the Plan Restructuring unless the Debtors
pivot or "toggle" to a Sale Transaction Restructuring that is
determined to provide superior value relative to the Plan
Restructuring. If the Debtors "toggle" to the Sale Transaction
Restructuring, Claims and Interests will receive the proposed
treatment under the Plan for a Sale Transaction Restructuring. As a
result, Holders of Claims will receive recoveries under the Plan on
a much quicker timeline than if the Plan did not include a "toggle"
feature, which reduces expenses and permits the Debtors to emerge
in either scenario on the expedited timeline currently
contemplated.

Under the Plan, the Debtors are pursuing a Restructuring
Transaction through either the (i) Plan Restructuring, the Debtors'
baseline restructuring proposal, or (ii) the Sale Transaction
Restructuring.

     Plan Restructuring

The Plan Restructuring means the transactions and reorganization
contemplated by, and pursuant to, the Plan in accordance with
Article IV.B of the Plan. The Plan Restructuring will only occur if
certain agreed-upon conditions are satisfied, unless otherwise
waived, extended, or modified. If the agreed-upon conditions do not
materialize, the Restructuring Transaction will toggle to the Sale
Transaction Restructuring.

     Sale Transaction Restructuring

As the Debtors pursue the Plan Restructuring, they will continue to
engage with all parties regarding the Sale Transaction
Restructuring. Should any Sale Transaction Restructuring
materialize that proves more value maximizing than the Plan
Restructuring, the Debtors will toggle and pursue such a sale(s).

Class 6 consists of General Unsecured Claims. Except to the extent
that a Holder of a General Unsecured Claim and the Debtor against
which such Allowed General Unsecured Claim is asserted agree to
less favorable treatment, each Holder of an Allowed General
Unsecured Claim shall receive, in full and final satisfaction,
compromise, settlement, and release of and in exchange for its
Claim: (i) in the event the Restructuring Transaction is a Plan
Restructuring, its Pro Rata share of 100% of the GUC Equity Trust
Interests; or (ii) in the event of a Sale Transaction Restructuring
its Pro Rata share of the Distributable Proceeds, if any, pursuant
to the Waterfall Recovery. This Class has "$TBD" total amount of
claims. This Class will receive a distribution currently expected
to be 0%, with the possibility for an improved recovery.

All amounts necessary for the Debtors and, if applicable, the
Wind-Down Debtors, to make payments or distributions pursuant to
the Plan shall be (in each case subject to the terms of the
Purchase Agreement(s) and the Sale Order, as applicable) obtained
from the proceeds of the issuance of New Common Stock, Exit
Facilities, Takeback Facility (if any), Cash of the Debtors, and
any additional Cash consideration provided under one or more
Purchase Agreements, in accordance with the terms thereof. Unless
otherwise agreed, distributions required by the Plan on account of
Allowed Claims that are Assumed Liabilities under a Purchase
Agreement shall be the sole responsibility of the applicable
Purchaser.

A full-text copy of the Disclosure Statement dated February 20,
2024 is available at https://urlcurt.com/u?l=aiLyUQ from Kroll
Restructuring, claims agent.

                       About Rite Aid Corp.

Rite Aid -- http://www.riteaid.com/-- is a full-service pharmacy
that improves health outcomes. Rite Aid is defining the modern
pharmacy by meeting customer needs with a wide range of vehicles
that offer convenience, including retail and delivery pharmacy, as
well as services offered through our wholly owned subsidiaries,
Elixir, Bartell Drugs and Health Dialog. Elixir, Rite Aid's
pharmacy benefits and services company, consists of accredited mail
and specialty pharmacies, prescription discount programs and an
industry leading adjudication platform to offer superior member
experience and cost savings. Health Dialog provides healthcare
coaching and disease management services via live online and phone
health services. Regional chain Bartell Drugs has supported the
health and wellness needs in the Seattle area for more than 130
years. Rite Aid employs more than 6,100 pharmacists and operates
more than 2,100 retail pharmacy locations across 17 states.

The Debtors sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.N.J. Lead Case No. 23-18993) on Oct. 15, 2023.  In
the petition signed by Jeffrey S. Stein, chief executive officer
and chief restructuring officer, Rite Aid disclosed $7,650,418,000
in total assets and $8,597,866,000 in total liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Cole Schotz, P.C.,
as local bankruptcy counsel, Guggenheim Partners as investment
banker, and Alvarez & Marsal North America, LLC, as financial, tax
and restructuring advisor.  Kroll Restructuring Administration is
the claims and noticing agent.


ROBERTSHAW US: O'Melveny & Myers Represents Ad Hoc Group
--------------------------------------------------------
In the Chapter 11 cases of Robertshaw US Holding Corp., et al., the
Ad Hoc Group filed a verified statement pursuant to Rule 2019 of
the Federal Rules of Bankruptcy Procedure.

On or around January 2024, the Ad Hoc Group retained attorneys
currently affiliated with O'Melveny & Myers LLP to represent it as
counsel in connection with a case brought against the Ad Hoc Group
by Invesco Senior Secured Management Inc. and, in February 2024, to
represent it as counsel in connection with the Debtors' bankruptcy
cases and the Adversary Proceeding.

O'Melveny represents the Ad Hoc Group, comprised of the beneficial
holders or the investment advisors or managers for certain
beneficial holders in their capacities as lenders under that
certain Super-Priority Credit Agreement, dated as of May 9, 2023
(as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the "Super-Priority Credit
Agreement"), by and among Robertshaw US Holding Corp., as borrower,
Range Parent, Inc., the Guarantors (as defined in the
Super-Priority Credit Agreement) party thereto from time to time,
the lenders party thereto from time to time, and Delaware Trust
Company, as administrative and collateral agent.

O'Melveny does not represent or purport to represent any other
entities in connection with the Debtors' Chapter 11 cases.
O'Melveny does not represent the Ad Hoc Group as a "committee" (as
such term is used in the Bankruptcy Code and Bankruptcy Rules) and
does not undertake to represent the interest of, and are not
fiduciaries for, any creditor, party in interest, or other entity
that has not signed a retention agreement with O'Melveny.

The Ad Hoc Group Members' address and the nature and amount of
disclosable economic interests held in relation to the Debtors
are:

1. Bain Capital Credit, LP
    200 Clarendon Street
    Boston, MA 02116
    * $73,826,625.87
    * $73,154,849.27

2. Canyon Capital Advisors LLC
    2728 N. Hardwood St., 2nd Fl.
    Dallas, TX 75201
    * $45,579,376.10
    * $45,413,794.06

3. Eaton Vance Management
    2 International Place
    Boston, MA 02110
    * $67,062,259.37
    * $67,254,881.81

Counsel to the Ad Hoc Group:

     Peter Friedman, Esq.
     Pamela A. Miller, Esq.
     Daniel S. Shamah, Esq.
     Asher Rivner, Esq.
     Times Square Tower
     7 Times Square
     New York, NY 10036
     Telephone: (212) 326-2000
     Facsimile: (212) 326-2061

     Nicholas J. Hendrix, Esq.
     2801 North Harwood Street, Suite 1600
     Dallas, Texas 75201-2692
     Telephone: (972) 360-1900
     Facsimile: (972) 360-1901

                     About Robertshaw US

Robertshaw US Holding Corp., along with their non-debtor
affiliates, are a global leader in designing and manufacturing
innovative control systems and components for the appliance and
HVAC industries.  Robertshaw specializes in creating safe and
reliable solutions that optimize energy efficiency, comfort, and
performance in a variety of applications.

Robertshaw US Holding Corp. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 24-90052) on
February 15, 2024, with $500 million to $1 billion in assets and
liabilities.  John Hewitt, chief executive officer, signed the
petitions.

The Debtors tapped Hunton Andrews Kurth LLP & Latham & Watkins LLP
as bankruptcy counsel; Guggenheim Securities, LLC as investment
banker & financial advisor; KPMG LLP as accountant, tax advisor &
auditor; and Kroll Restructuring Administration LLC as claims,
noticing, solicitation & balloting agent.  


ROYAL CARIBBEAN: Moody's Hikes CFR to 'Ba2', Outlook Positive
-------------------------------------------------------------
Moody's Investors Service upgraded the ratings of Royal Caribbean
Cruises Ltd. including its corporate family rating to Ba2 from B1
and its probability of default rating to Ba2-PD from B1-PD. Moody's
also upgraded Royal Caribbean's backed senior secured rating to
Baa2 from Ba1, backed senior unsecured ratings to Ba1 from Ba3 and
senior unsecured ratings to Ba2 from B1. Moody's also affirmed the
company's Not Prime (NP) commercial paper rating. The company's
speculative grade liquidity rating was also changed to SGL-2 from
SGL-3. The outlook is positive.

The two-notch upgrade of Royal Caribbean's ratings reflects its
strong performance driven by higher pricing, reduced cost
inflation, capacity growth, and a return to pre-pandemic occupancy
rates. This will enable the company to achieve debt/EBITDA and
EBITA/interest expense of about 3.5x and 3x, respectively, at the
end of 2024. Cash from operations will also improve to a level
sufficient to cover all planned capital expenditures including new
ship deliveries. Moody's expects that a portion of the company's
free cash flow will be used to further reduce debt.

The ratings upgrades also reflects Moody's expectation that the
company will maintain modest supply growth over the coming years.
While additions to the fleet will be partially funded by debt ???
Royal Caribbean typically enters into committed financing at the
time of the ship order for 80% of the cost of the ship ??? Moody's
expects Royal Caribbean's free cash flow will be sufficient to
cover all capital expenditures, including new ship deliveries. In
2023 the company generated free cash flow in excess of $500
million. The company recently announced plans to add an Oasis Class
ship in 2028, the seventh Oasis Class ship. The company will
increase its capacity by 8.5% in 2024, 5% in 2025, 6% in 2026 and
4% in 2027. This is the first ship ordered for delivery in 2028.

RATINGS RATIONALE

Royal Caribbean's Ba2 CFR reflects its market position as the
second largest global ocean cruise operator based upon capacity and
revenue. Further support comes from Royal Caribbean's brand
strength and good diversification by geography and market segment.
The company also benefits from the favorable value proposition of a
cruise vacation, as well as a group of repeat cruise customers who
will support a base level of demand. Royal Caribbean's credit
profile is constrained by the need for continued strength in
pricing and bookings in order to generate sufficient free cash flow
to further reduce debt. Demand is seasonal and capital intensity is
also significant. Other risks include customers' alternative
vacation options, the industry's exposure to economic and industry
cycles, weather-related incidents and geopolitical events.

The positive outlook reflects Moody's expectation that Royal
Caribbean's debt/EBITDA and EBITA/interest expense will further
improve to approaching 3x and above 3.5x, respectively, in 2025.

Royal Caribbean's Speculative Grade Liquidity rating of SGL-2
reflects cash of about $500 million and about $2.5 billion
available under its $3.5 billion revolving credit facility at
December 31, 2023. About half of the revolving credit facility
expires in 2026, the balance in 2028. The company has $1.7 billion
of debt coming due in 2024. Moody's forecasts that the company will
maintain adequate cushion under its financial maintenance
covenants. The company's access to alternate sources of liquidity
is modest as the majority of its assets are pledged or support
guaranteed debt, although there remains the potential to sell some
ships or a brand.

The Baa2 senior secured rating, three notches above the CFR,
reflects the substantial amount of unsecured debt and claims in the
capital structure. Of total debt and claims of about $21 billion in
Moody's Loss Given Default for Speculative-Grade Companies
methodology, just under $20 billion is unsecured. The Ba1 rating on
the backed senior unsecured ratings ??? including a one notch
positive override ??? reflects the guarantee of RCI Holdings LLC.
The Ba2 rating on the senior unsecured notes reflects either their
structural or effective subordination to the secured debt in the
capital structure.

Royal Caribbean is incorporated in the Republic of Liberia and
incorporation in a foreign jurisdiction may complicate recovery
prospects in a bankruptcy scenario.

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

Ratings could be upgraded if Royal Caribbean continues to absorb
new capacity while maintaining pricing strength. Ratings could also
be upgraded if the company continues to reduce debt such that
debt/EBITDA approaches 3.5x with funds from operations + interest
expense/interest expense sustained above 6x. Ratings could be
downgraded if cash flow weakens, and results in debt/EBITDA
sustained above 4x and funds from operations + interest
expense/interest expense sustained below 4x.

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


ROYAL CARIBBEAN: Moody's Rates $1BB Senior Unsecured Notes 'Ba2'
----------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Royal Caribbean
Cruises Ltd.'s planned $1 billion senior unsecured note issuance.
The company's other ratings are unchanged including its corporate
family rating at Ba2, probability of default rating at Ba2-PD,
backed senior secured rating at Baa2, backed senior unsecured
ratings at Ba1 and its existing senior unsecured ratings at Ba2.
The company's speculative grade liquidity rating is unchanged at
SGL-2. The outlook is positive.

Proceeds from the planned $1 billion issuance, along with cash or
revolver borrowings, will be used to refinance the company's
11.625% senior unsecured notes due 2027. The transaction is credit
positive as the company retires high coupon debt that was raised
during the pandemic and modestly lowers its interest burden. The
company announced that the $1 billion senior unsecured notes will
mature in 2032 and rank equally in right of payment with all
existing and future senior indebtedness and be effectively junior
to its existing backed senior unsecured debt and secured debt.

RATINGS RATIONALE

Royal Caribbean's Ba2 CFR reflects its market position as the
second largest global ocean cruise operator based upon capacity and
revenue. Further support comes from Royal Caribbean's brand
strength and good diversification by geography and market segment.
The company also benefits from the favorable value proposition of a
cruise vacation, as well as a group of repeat cruise customers who
will support a base level of demand. Royal Caribbean's credit
profile is constrained by the need for continued strength in
pricing and bookings in order to generate sufficient free cash flow
to further reduce debt. Demand is seasonal and capital intensity is
also significant. Other risks include customers' alternative
vacation options, the industry's exposure to economic and industry
cycles, weather-related incidents and geopolitical events.

The positive outlook reflects Moody's expectation that Royal
Caribbean's debt/EBITDA and EBITA/interest expense will further
improve to approaching 3x and above 3.5x, respectively in 2025.

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

Ratings could be upgraded if Royal Caribbean continues to absorb
new capacity while maintaining pricing strength. Ratings could also
be upgraded if the company continues to reduce debt such that
debt/EBITDA approaches 3.5x with funds from operations + interest
expense/interest expense sustained above 6x. Ratings could be
downgraded if cash flow weakens, and results in debt/EBITDA
sustained above 4x and funds from operations + interest
expense/interest expense sustained below 4x.

Royal Caribbean (operating under the name Royal Caribbean Group) is
a global vacation company that operates three wholly-owned cruise
brands, including Royal Caribbean International, Celebrity Cruises
and Silversea. Net revenue for 2023 was about $12.4 billion.

The principal methodology used in this rating was Business and
Consumer Services published in November 2021.


ROYAL CARIBBEAN: S&P Rates New $1BB Senior Unsecured Notes 'BB+'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '4'
recovery rating to Royal Caribbean Cruises Ltd.'s proposed $1
billion senior unsecured notes due 2032. The '4' recovery rating
indicates its expectation for average (30%-50%; rounded estimate:
45%) recovery for noteholders in the event of a payment default.
The company intends to use the proceeds from these notes, along
with cash on hand or borrowings under its revolving credit
facilities, to redeem all of the outstanding $1.25 billion 11.625%
senior unsecured notes due 2027.

S&P said, "The transaction is debt-for-debt and does not impact our
'BB+' issuer credit rating or stable outlook on Royal. We expect
the transaction will reduce interest expense and improve cash flow
because we assume the interest rate on the new notes will be lower
than the interest rate on the notes it is repaying given Royal's
improved credit quality since it issued the 11.625% notes.
Furthermore, the transaction will improve Royal's maturity profile
by extending the maturity of a portion of its debt due in 2027 by
five years."

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors:

-- S&P assigned its 'BB+' issue-level rating and '4' recovery
rating to Royal's proposed $1 billion senior unsecured notes. The
'4' recovery rating indicates its expectation for average (30%-50%;
rounded estimate: 45%) recovery for noteholders in the event of a
payment default.

-- S&P's issue-level rating on Royal's senior secured notes is
'BBB-'. The '1' recovery rating indicates its expectation for very
high (90%-100%; rounded estimate: 95%) recovery. S&P cap its
issue-level ratings for most speculative-grade issuers at 'BBB-'
regardless of our recovery rating. This deemphasizes the weight
recovery plays in notching up issue-level ratings for issuers near
the investment-grade threshold because recovery is a smaller
component of credit risk when default risk is more remote,
particularly considering recovery prospects may be less predictable
and more variable for these issuers.

-- S&P said, "Our issue-level rating on Royal's guaranteed
unsecured notes and revolving credit facilities is 'BB+'. The '3'
recovery rating indicates our expectation for meaningful (50%-70%;
rounded estimate: 65%) recovery. While our estimated level of
recovery for the guaranteed unsecured notes would indicate a
recovery rating of '1' (90%-100% recovery), we cap our recovery
ratings on the unsecured debt issued by companies we rate in the
'BB' category at '3'. This cap addresses that these creditors'
recovery prospects are at greater risk of being impaired by the
issuance of additional priority or pari passu debt before
default."

-- S&P's issue-level rating on Royal's existing unsecured and
unguaranteed debt is 'BB+'. The recovery rating remains '4',
indicating our expectation for average (30%-50%; rounded estimate:
45%) recovery.

S&P said, "We use a combined enterprise valuation (EV) approach for
Royal and a discrete asset valuation (DAV) for its Silversea
subsidiary to arrive at our estimate of the value available to
cover Royal's debt claims. Our valuation incorporates residual
value from Silversea, after satisfying outstanding ship-related
debt at Silversea, that will be available to help cover the
unsecured and unguaranteed claims at Royal."

Certain Royal subsidiaries pledge specific collateral and provide
guarantees of various priorities to different parts of the capital
structure. In S&P's analysis, the recovery prospects for Royal's
debt instruments that benefit from guarantees reflect the value we
attribute to the applicable guarantor subsidiaries along with the
priority of the guarantees supporting the instrument. The recovery
prospects for the debt instruments that lack subsidiary guarantees
reflect their pro rata share of the value we attribute to the
parent on a stand-alone basis and the residual value, if any, from
the guarantor subsidiaries after accounting for any debt they
guarantee. The value from these subsidiaries is available to cover
specific claims on a first-, second-, or third-priority basis.
Specifically:

--Royal's secured notes are secured by certain collateral,
including 26 of its ships, up to an amount permitted by the
company's debt agreements and the 2029 collateral cap. The secured
notes also benefit from a guarantee from certain Royal
subsidiaries, including Celebrity Cruises Holdings Inc. and
Celebrity Cruises Inc. Under our analysis, the pledged collateral
covers most of the estimated secured claims at default. S&P
believes the remaining secured note claims at default would be
covered by unsecured guarantees.

--Royal's guaranteed unsecured notes are guaranteed by Royal's RCI
Holdings LLC subsidiary, which holds seven vessel-owning
special-purpose vehicles. Under S&P's analysis, the guarantees from
RCI fully cover the estimated guaranteed unsecured notes at
default.

--Royal's unsecured revolvers and certain other specified pieces of
debt in the capital structure benefit from a first-priority
guarantee from the company's RCL Holdings LLC, Torcatt Enterprises
S.A., RCL Holdings Cooperatief UA, RCL Cruises Ltd., and RCL
Investments Ltd. subsidiaries and a second-priority guarantee from
RCI Holdings. Under S&P's analysis, these guarantees fully cover
the estimated revolvers and other specified claims at default.

Royal's export credit agreement (ECA) debt, relating to various
ship-specific financings, benefit from a first-priority guarantee
from Celebrity Cruise Lines Inc. (parent of secured notes
guarantors Celebrity Cruise Holdings Inc. and Celebrity Cruises
Inc.), a second-priority guarantee from RCL Holdings LLC, Torcatt
Enterprises S.A., RCL Holdings Cooperatief UA, RCL Cruises Ltd.,
and RCL Investments Ltd., and a third-priority guarantee from RCI
Holdings LLC. Under our analysis, these guarantees do not fully
cover our estimate of the outstanding ECA debt at default, which
includes incremental ECA borrowings based on our assumptions for
ship deliveries over the next few years. S&P assumes any deficiency
not covered by the guarantees would rank pari passu with all of
Royal's unsecured and unguaranteed debt.

Royal's unsecured and unguaranteed debt benefit from unpledged
value at the parent, residual value from its Silversea subsidiary,
and residual value from other subsidiaries after accounting for
collateral pledges and guarantees provided to other pieces of debt
in the capital structure. Under S&P's analysis, this value covers
only a portion of the estimated unsecured, unguaranteed, and pari
passu deficiency claims at default.

Simulated default assumptions:

-- S&P's simulated default scenario considers a default occurring
in 2029 due to a significant decline in the company's cash flow
stemming a prolonged economic downturn, a significant health or
safety event, escalating geopolitical conflicts, or increased
competitive pressures that cause a significant reduction in demand
for cruising.

-- S&P estimates a gross EV at emergence of about $16.4 billion,
which reflects its EV of $15.4 billion for Royal and our DAV for
Silversea of $1 billion.

-- S&P arrives at its EV for Royal by applying a 7x multiple to
its estimate of its EBITDA at emergence. This multiple is at the
high end of our range for leisure companies and reflects Royal's
good position as the second-largest global cruise operator, which
it views as a small but underpenetrated part of the overall travel
and vacation industry, and its high-quality brands.

-- The value from Silversea reflects our estimate of the residual
value after satisfying our estimate of claims issued at Silversea
that are outstanding at default. Our calculation of the DAV at
Silversea reflects discounts (35%-50% depending on the age of the
ship) applied to the appraised value or cost of Silversea's ships.
S&P estimates the claims at default at Silversea largely comprise
amounts outstanding under the financings for the Silver Moon and
Silver Dawn.

-- S&P attributes its estimate of the company's gross EV at
emergence to various parts of the capital structure based on its
understanding of the contribution, by asset value, of the parent
and its various subsidiaries that provide security and/or
guarantees.

-- S&P understand Silversea does not guarantee any debt issued by
Royal or its other subsidiaries. Therefore, it assigns all the DAV
at Silversea to the parent.

-- S&P's estimated gross EV at emergence assumes approximately 46%
is available to cover the secured notes, about 29% is available to
cover the guaranteed unsecured notes, just under 10% is available
to cover the guaranteed revolvers and certain other specified
pieces of unsecured debt, and about 15% is available to cover all
remaining unsecured and unguaranteed debt and pari passu claims
that aren't fully covered by the applicable guarantees.

-- In S&P's analysis, any claims of guaranteed debt not fully
covered by the applicable guarantees rank pari passu with all of
Royal's unsecured and unguaranteed debt.

-- S&P include in the unsecured claims additional tranches of
loans entered into by Royal and various export credit agencies, as
well as new ship debt that we expect it to incur before the default
year.

-- S&P assume Royal's revolvers are 85% drawn at default.

Simplified waterfall:

-- Emergence EBITDA: $2.2 billion

-- EBITDA multiple: 7x

-- Gross enterprise value excluding Silversea: $15.4 billion

-- Residual gross DAV at Silversea: $1 billion

-- Total gross enterprise value: $16.4 billion

-- Net enterprise value after administrative expenses (5%): $15.6
billion

-- Total value attributed to entities securing and guaranteeing
the secured notes: $7.2 billion

-- Estimated secured debt at default: $1 billion

    --Recovery expectations: 90%-100% (rounded estimate: 95%)

-- Residual value: $6.2 billion

-- Residual value (attributed to Celebrity Cruises Holdings Inc.
and Celebrity Cruises Inc.) available for ECA debt that has a
first-priority guarantee from Celebrity Cruise Lines Inc.: $2.3
billion

-- Residual value (attributed to entities other than Celebrity
Cruises) available for unsecured and unguaranteed debt at parent
Royal Caribbean Cruises Ltd.: $3.9 billion

-- Total value attributed to entities guaranteeing the guaranteed
unsecured notes: $4.5 billion

-- Estimated guaranteed unsecured notes at default: $1.8 billion

    --Recovery expectations: Capped at 50%-70% (rounded estimate:
65%)

-- Residual value available for second-priority guaranteed debt
(revolvers and certain other pieces of debt): $2.7 billion

-- Total value attributed to entities providing a first-priority
guarantee to Royal's revolvers and certain other specified pieces
of guaranteed debt, and value from second-priority guarantees: $4.2
billion

-- Estimated revolver and other certain guaranteed balances at
default: $3.1 billion

    --Recovery expectations: Capped at 50%-70% (rounded estimate:
65%)

-- Residual value available for second-priority guaranteed debt
(ECA debt): $1 billion

-- Total value available to ECA debt from first- and second-
priority guarantees: $3.4 billion

-- Estimated ECA debt at default: $8.9 billion

-- ECA deficiency claims that are pari passu to Royal's unsecured
and unguaranteed debt: $5.4 billion

-- Total value attributed to the parent and remaining enterprise
value from subsidiaries that provide guarantees and collateral:
$6.2 billion

-- Estimated unsecured, unguaranteed, and pari passu deficiency
claims at default: $12.8 billion

    --Recovery expectations: 30%-50% (rounded estimate: 45%)

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



RRG INC: Hires Klosinski Overstreet LLP as Counsel
--------------------------------------------------
RRG, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of Georgia to employ Klosinski Overstreet, LLP as
counsel.

The firm's services include:

   a. giving the Debtor legal advice with respect to the powers and
duties as Debtor-In-Possession and with respect to the continued
operation of its business and the management of its property;

   b. preparing, on behalf of applicant as Debtor-In-Possession,
necessary applications, answers, reports and other legal papers;

   c. preparing pleadings and applications and to conduct
examinations incidental to the administrations of applicant's
estate;

   d. taking any and all necessary action instant to the proper
preservation and administration of the estate;

   e. assisting the Debtor-In-Possession with preparation and
filing of a Statement of Affairs and Schedules as appropriate; and

   f. performing all other legal services for applicant as
Debtor-In-Possession which may be necessary herein; and it is
necessary for Debtor-In-Possession to employ attorneys for such
professional services.

The firm will be paid at the rate of $295 per hour. The firm
received a retainer of $18,738.

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

Bowen A. Klosinski, Esq. a partner at Klosinski Overstreet, LLP,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Bowen A. Klosinski, Esq.
     KLOSINSKI OVERSTREET, LLP
     1229 Augusta West Parkway
     Augusta, GA 30909
     Tel: (706) 863-2255
     Email: bak@klosinski.com

              About RRG, Inc.

RRG, Inc. is a company in Cumming, Ga., which is primarily engaged
in providing food services.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Ga. Case No. 24-10075) on January 31,
2024, with up to $50,000 in assets and $1 million to $10 million in
liabilities. Mark Rinna, president, signed the petition.

Judge Susan D. Barrett oversees the case.

Bowen Klosinski, Esq., at Klosinski Overstreet, LLP represents the
Debtor as legal counsel.


RUBY GORDON: Shifts from Chapter 11 Bankruptcy to Liquidation
-------------------------------------------------------------
Daniel Kline of the Citizens reports that when some chains go
bankrupt, they may owe vendors and employees money, but very few
customers get affected. Individual shoppers may end up with gift
cards they can't use or items they wanted to return, but in most
cases that's the worst of it.

That's what happened when Bed Bath & Beyond, Tuesday Morning and
Christmas Tree Shops went through the Chapter 11 process and ended
up in liquidation. It was sad for longtime customers -- all three
of those brands had dedicated fanbases -- but few of those
customers ended up not getting the items they ordered.

When furniture chain Mitchell Gold + Bob Williams abruptly closed,
however, thousands of customers were left in limbo.  Some had
orders outstanding and had paid for shipping, but the bankrupt
company had not paid its delivery partners, leaving those orders
stranded at various shipping companies.

In that case, the bankruptcy court approved a deal where people who
had furniture sitting at various shipping companies could pay again
and then have their orders delivered. That wasn't a fair solution
for people who had already paid, but it was likely worth it for
them to do so to get their orders delivered.

A similar problem was avoided when David's Bridal managed to find a
buyer. That deal meant that thousands of women got wedding dresses
that they had ordered, which may not have happened in a liquidation
situation.

Another popular furniture chain filed Chapter 11 bankruptcy after
its owners had expressed hopes that the company would survive. Now,
it has moved into a liquidation phase.

       Regional favorite retailer planned to survive

When Ruby Gordon, a Rochester N.Y., furniture chain filed for
Chapter 11 bankruptcy, it reported that it owed money to between
100 and 199 creditors. At the time of the filing the company was
confident that it could reach deals with its creditors and
survive.

"We've been struggling to recover since 2020. Unfortunately, in the
last eight months, too much went sideways in too short an amount of
time," the company's owner and chief executive, Aaron Ruby, told
Furniture Today.

Klaussner Furniture, an Asheboro, N.C., furniture manufacturer,
"going out the way they did was the straw that broke our back,"
Ruby said. "We're hoping that Chapter 11 gives us a chance at
having a future; we're just not certain exactly what that will look
like." Klaussner Furniture, an Asheboro, N.C., manufacturer, shut
down in early August.

Ruby Gordon has been part of the upstate New York community for
nearly 90 years.

"With a history dating back to 1936, we are committed to bringing
the best designs and best customer service to our customers," the
company said on its website. "We are a third generation,
family-owned furniture store with a passion for making your space a
home."

Currently, "43 customers listed in the bankruptcy filing, all folks
who paid for furniture they never got. Total owed to these folks?
Around $5,480,000.23," according to Rochester's News10NBC.

                Ruby Gordon begins liquidation

While the Ruby Gordon website still operates, customers can
currently only look at merchandise. They can see what the retailer
might have, but purchases have been halted pending an upcoming
liquidation sale.

In fact, the first thing seen when you visit RubyGordon.com is a
large banner headlined "Big Sale Coming Soon." That's followed by
"Watch Out for Our Chapter 11 Bankruptcy Liquidation sale.

That sign confirms that the company will be liquidated and won't be
reorganizing, which is usually the goal of a Chapter 11 filing.

Customers waiting on their orders did get some good news. Ruby
Gordon's bankruptcy lawyer, Ray Stilwell, told News10NBC that
customers who paid for merchandise would either receive it or be
"made whole."

Ruby Gordon's liquidation sale, which has not started, will last
for 180 days (or presumably shorter if all merchandise gets sold).

                       About Ruby Gordon

Ruby Gordon LLC retails household furniture.  The Company provides
sofa, chairs, recliners, tables, benches, sleepers, pillows, rugs,
desks, chairs, file storage, cabinets, bar stools, mattresses,
bunkbeds, and other household furnitures. Ruby-Gordon serves
customers in the State of New York.

Ruby Gordon LLC sought relief under Subchapter V of Chapter 11 of
the U.S. Bankruptcy Code (Bankr. W.D.N.Y. Case No. 23-20594) on
Nov. 20, 2023.  In the petition signed by Aaron Ruby, as CEO, the
Debtor estimated assets and liabilities between $1 million and $10
million each.

The Debtor is represented by:

     Raymond C. Stilwell, Esq.
     3737 West Henrietta Road
     Rochester, NY 14623


RV SALES: Hires Behar, Gutt & Glazer P.A. as Counsel
----------------------------------------------------
RV Sales of Broward, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Behar Gutt &
Glazer, P.A. as counsel.

The firm will provide these services:

     a. give advice to the Debtor with respect to its powers and
duties as a debtor-in-possession, and the continued management of
its business operations;

     b. advise the Debtor with respect to its responsibilities in
complying with the United States Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the Court;

    c. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of the case; and

    d. protect the interest of the Debtor with its creditors in the
preparation of a Plan.

The firm will be paid at these rates:

     Partners          $510 per hour
     Associates        $425 per hour

The firm will be paid an advance retainer in the amount of
$27,000.

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

Brian S. Behar, Esq., a partner at Behar, Gutt & Glazer, P.A.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Brian S. Behar, Esq.
     BEHAR, GUTT & GLAZER, P.A.
     1855 Griffin Road
     Fort Lauderdale, FL 33004
     Telephone: (954) 266-3710
     Email: bsb@bgglaw.com

              About RV Sales of Broward

RV Sales of Broward, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
24-10741) on January 26, 2024, with $500,001 to $1 million in both
assets and liabilities.

Judge Peter D. Russin oversees the case.

Brian S. Behar, Esq., represents the Debtor as legal counsel.


SCF LLC: Seeks to Extend Plan Exclusivity to May 21
---------------------------------------------------
SCF, LLC asked the U.S. Bankruptcy Court for the Western District
of Tennessee to extend its exclusivity periods to file a chapter 11
plan and solicit votes on the plan to May 21 and June 20, 2024,
respectively.

The Debtor was a custom manufacturing and fabrication business
located in Adamsville, McNairy County, Tennessee that specializes
in custom fabricating, primarily for the foodservice industry.

The Debtor obtained authority to sell its assets to Johnson
Lancaster and Associates, Inc., the same company currently
operating at the Debtor's business location pursuant to a
Management Agreement. The sale recently closed. There are several
pending adversary proceedings including an interpleader adversary
proceeding which could impact the Plan and distribution to
creditors.

In addition, the plan will be one of liquidation but it has been
complicated by the death of the principal in December 2021; the
subsequent cessation of the Debtor's operations; the reopening of
the plant through an agreement with also the purchaser of the
personal property of the Debtor; the probate estate of Nathanial
Sparks having an ownership interest in the real property but the
Debtor owning all personal property; and negotiations with
potential purchasers for the purchase of the assets.

The Debtor believes that if granted a sixth extension of time to
file a Disclosure Statement and Plan, a more meaningful and
acceptable Plan will be filed.

The Debtor claims that allowing the Exclusive Periods to lapse at
this time may, among other things, result in the filing of
independent plans by third parties seeking to gain control or
improper advantage over the liquidation process. This will only
result in the proliferation of litigation and impair, rather than
facilitate, the Debtor's ability to exit this chapter 11 case in a
reasonable timeframe.

Counsel to the Debtor:

          Steven N. Douglass, Esq.
          HARRIS SHELTON HANOVER WALSH, PLLC
          40 S. Main Street, Suite 2210
          Memphis, TN 38103-2555
          Tel: (901) 525-1455

                          About SCF LLC

SCF, LLC provides integrated logistics and barge transportation
services on the U.S.  The company is based in Adamsville, Tenn.

SCF sought protection under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. W.D. Tenn. Case No. 22-10809) on July 27, 2022. In the
petition filed by its chief financial officer, Doug Blaylock, the
Debtor listed $1 million to $10 million in assets and $10 million
to $50 million in liabilities.

Judge Jimmy L. Croom oversees the case.

Steven N. Douglass, Esq., at Harris Shelton Hanover & Walsh, PLLC
is the Debtor's counsel.

EmergeLaw, PLLC represents the official committee of unsecured
creditors appointed in the Debtor's Chapter 11 case.


SHORE CUSTOM: Nancy Isaacson Named Subchapter V Trustee
-------------------------------------------------------
The U.S. Trustee for Regions 3 and 9 appointed Nancy Isaacson,
Esq., at Greenbaum, Rowe, Smith & Davis, LP, as Subchapter V
trustee for Shore Custom Homes Corp.

Ms. Isaacson will be paid an hourly fee of $410 for her services as
Subchapter V trustee and will be reimbursed for work-related
expenses incurred.

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

The Subchapter V trustee can be reached at:

     Nancy Isaacson, Esq.
     Greenbaum, Rowe, Smith & Davis, LP
     75 Livingston Avenue
     Roseland, NJ 08068
     Phone: (973) 535-1600
     Email: nisaacson@greenbaumlaw.com

                     About Shore Custom Homes

Shore Custom Homes Corp. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D.N.J. Case No. 24-10996) on February
1, 2024, with up to $50,000 in assets and $500,001 to $1 million in
liabilities.

Eugene D. Roth, Esq., at the Law Office of Eugene D. Roth
represents the Debtor as bankruptcy counsel.


SOL AND ROK: Seeks to Hire Legal Partners PSC as Counsel
--------------------------------------------------------
Sol and Rok, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to employ Legal Partners, PSC as
counsel.

The firm will provide these services:

   a. advise the Debtor with respect to its duties, powers and
responsibilities in this case under the laws of the United States
and Puerto Rico in which the debtor in possession conducts its
operations, do business, or is involved in litigation;

   b. advise the Debtor in connection with a determination whether
a reorganization is feasible and, if not, helping Debtor in the
orderly liquidation of its assets;

   c. assist the Debtor with respect to negotiations with creditors
for the purpose of arranging the orderly liquidation of assets
and/or for proposing a viable plan of reorganization;

   d. prepare on behalf of the Debtor the necessary schedules,
complaints, answers, orders, reports, memoranda of law and/or any
other legal papers or documents;

   e. appear before the bankruptcy court, or any court in which
debtor assert a claim interest or defense directly or indirectly
related to this bankruptcy case;

   f. perform such other legal services for the Debtor as may be
required in these proceedings or in connection with the operation
of/and involvement with Debtor's business, including but not
limited to notarial services; and

   g. employ other professional services, if necessary.

The firm will be paid at these rates:

     Attorneys      $285 to $350 per hour
     Paralegals     $140 per hour

The firm will be paid a retainer in the amount of $10,000.

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

Juan M. Suarez-Cobo, Esq., a partner at Legal Partners, P.S.C.,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Juan M. Suarez-Cobo, Esq.
     LEGAL PARTNERS, P.S.C.
     138 Winston Churchill Avenue, PMB 316
     San Juan, P.R. 00926-6013
     Tel: (787) 791-1818
     Fax: (787) 791-4260
     Email: suarezcobo@gmail.com

              About Sol and Rok, LLC

Sol and Rok, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 24-00328) on January 31, 2024, disclosing under $1
million in both assets and liabilities. The Debtor is represented
by LEGAL PARTNERS, PSC.


SPECTACLE BIDCO: S&P Affirms 'B+' ICR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings affirmed its 'B+' issuer credit rating and 'B+'
issue-level rating on Spectacle Bidco Holdings Inc.'s (doing
business as Cirque du Soleil) senior secured credit facility. The
recovery rating remains '3'.

The stable outlook reflects S&P's expectation that the company will
sustain leverage below 4x, absent any releveraging risk from the
company's financial sponsor ownership.

S&P said, "The rating affirmation and stable outlook reflect our
view that Cirque faces risks from its financial sponsor-ownership
and the tendency of financial sponsors to use leverage to fund
acquisitions, investments, or cash distributions. Cirque is largely
owned by a group of financial sponsors. Although the company has
deleveraged to the high-3x area in 2023 from 5.1x in 2022 through
organic EBITDA growth and a refinancing transaction, the financial
sponsor's commitment to a conservative financial policy remains
uncertain because we have a limited track record of the company
operating below our 4x upgrade leverage trigger with significant
cushion. In addition, the company's small size, limited diversity,
and the potential for higher operating volatility compares less
favorably with peers at a higher rating. We believe the financial
sponsors' ownership and ability to dictate Cirque's strategy could
lead it to adopt a more aggressive financial policy longer term,
such as by pursuing debt-financed dividends or acquisitions that
weaken its credit metrics.

"Our assessment of the company's financial risk reflects that its
corporate decision-making prioritizes the interests of its
significant influencing shareholders, which is in line with our
view of most rated entities owned by private-equity sponsors. Our
assessment also reflects private-equity owners' generally finite
holding periods and focus on maximizing shareholder returns."

Strong momentum in the live events industry supports leverage
declining to the high-3x area in fiscal 2023 and mid-3x area in
fiscal 2024. The refinancing transaction in February 2023 coupled
with continued momentum in the live events industry and full year
benefit following Cirque's relaunch of all shows in 2021 and 2022
improved Cirque's S&P Global Ratings-adjusted gross leverage to
3.8x as of Oct. 1, 2023, from 6.9x in the 12 previous months. S&P
said, "We further expect the launch of recent touring shows and
stable pricing to offset modest occupancy softness in certain
resident shows like Drawn to Life such that leverage further
declines to the mid-3x area in 2024. Nonetheless, we believe the
company will incur higher capex to support the launch of new shows,
which could restrict further free operating cash flow (FOCF)
generation, albeit at healthy levels about 10% FOCF to debt."

Concentration of EBITDA generation in Las Vegas pose a risk to
profitability and cash flow. Cirque has limited diversity as its
residence shows, most of which are located in Las Vegas, account
for nearly half of its total revenue and EBITDA. S&P said, "In our
view, this reflects a high risk of volatility of earnings. Although
the company has launched international touring shows that could
diversify its geographic end market, we believe strong visitation
trends to Las Vegas and stronger performance in Las Vegas resident
shows will result in concentration risk over the next one to two
years. We expect strong leisure travel, modest convention recovery,
and investments in new attractions such as the MSG Sphere to
continue driving box office sales in Las Vegas."

Cirque du Soleil benefits from its solid brand recognition. This
enables Cirque to form strategic partnerships with venue providers
that help cover the costs of developing new shows. The contract
terms and historical longevity of its shows, which can last for
upward of 20 years, provide some revenue and cash flow
predictability. Cirque's primary partnership is with MGM in the Las
Vegas market, accounting for a large proportion of its revenue
before the pandemic. This guarantees Cirque's operating costs, an
additional premium, and royalties from box office sales.
Competitive pressures from other entertainment and leisure
providers partially offset these factors. In addition, we believe
the company has a moderate counterparty concentration with MGM,
which owns the venues for five of its resident shows.

S&P said, "The stable outlook reflects our expectation that the
company will sustain leverage below 4x, absent any releveraging
risk from the company's financial sponsor ownership.

"We could lower our rating on Cirque if the company sustained
leverage above 5x. This would likely be the result of a
more-aggressive-than expected financial policy or weakened
discretionary spending leading to reduced attendance or a steep
decline in ticket pricing."

An upgrade is unlikely over the next 12 months given the company's
financial sponsor ownership, but S&P could raise the rating on
Cirque if:

-- Its private-equity owners relinquished the majority of their
stake in the company or built a longer track record of having a
conservative financial policy. This would be commensurate with a
leverage level well below 4x with sufficient cushion to weather
revenue and EBITDA volatility from an economic downturn and
leveraging transactions; and

-- The company diversifies its revenue base, reducing S&P's view
of the company's volatility in profitability and cash flow.



SPIKE BODY: Continued Operations to Fund Plan
---------------------------------------------
Spike Body Werks, Inc., filed with the U.S. Bankruptcy Court for
the Northern District of Illinois a Subchapter V Plan of
Reorganization dated February 15, 2024.

The Debtor is an Illinois company engaged in the business of
autobody collision restoration and custom work. The Debtor's
principal, Roppo, migrated from Italy in December 2003. After
working in various body shops as a technician, Roppo opened Spike
in April 2010.

The general economic conditions facing small businesses both during
and post Covid, coupled with the expense of litigation with the
Debtor's primary secured creditor, Byline Bank, were the primary
triggering events for the Debtor's filing of this Chapter 11 case.

The Plan provides for yearly distribution of all of the Debtor's
projected disposable income to all allowed unsecured claims,
monthly payments to Byline Bank, the Debtor's primary secured
lender, over a 60-month period and monthly payments to priority and
administrative creditors over 60 months.

It is estimated monthly payments to Byline, priority and
administrative creditors will begin in June 2024. The Plan is part
of a coordinated reorganization strategy between the Debtor, Geneva
Repair Shop, Inc. and NicNat, LLC, all entities owned by Roppo.

The Plan provides for yearly distribution to unsecured creditors
with Allowed Claims from funds realized from the continued
operation of the Debtor's business by the Debtor. The Plan provides
for payment of Administrative Claims, Tax Claims, 1 class of
secured claims, 2 classes of unsecured claims, and 1 class of
interests, consisting of Roppo's 100% shareholding interest.

Class 2 consists of Unsecured Claims including General Unsecured
Creditors, the unsecured portion of Byline's Claim, the Unsecured
Claim of the Small Business Administration and all other
undersecured secured claims (CBSG/PAR Funding, Financial Pacific
Leasing, Inc., Grover Capital, Smarter and First Secure Community
Bank), in the approximate amount of $5,430,000; will receive yearly
$5,000 payments and any recovery from the Byline Litigation, except
for Byline.

Class 3 consists of Insider Claim of Roppo. The Class 3 Insider
Claim of Roppo in the amount of $67,000 will be subordinated to the
Claims of all other unsecured creditors, except that to the extent
proceeds are received from the Byline Litigation, Roppo will share
with all other unsecured creditors, except Byline.

Class 4 consists of Interest of Roppo. The Class 4 100% Shareholder
Interest of Roppo in the Debtor shall remain intact.

Distributions under the Plan shall be made from proceeds realized
from the continued operation of the Debtor's business by the
Debtor, and any possible recovery from the Byline Litigation. The
Debtor does not intend to borrow funds but reserves the right to
borrow funds to make the Plan payments.

A full-text copy of the Subchapter V Plan dated February 15, 2024
is available at https://urlcurt.com/u?l=vRqLVC from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     Scott R. Clar, Esq.
     Crane, Simon, Clar & Goodman
     135 S. LaSalle St., Suite 3950
     Chicago, IL 60603
     Telephone: (312) 641-6777
     Facsimile: (312) 641-7114
     Email: sclar@cranesimon.com

                       About Spike Body

Spike Body Werks, Inc., is an Illinois company engaged in the
business of autobody collision restoration and custom work.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-13885) on Oct. 17,
2023, with $1 million to $10 million in both assets and
liabilities. Pasquale Roppo, president, signed the petition.

Judge Donald R. Cassling oversees the case.

Scott R. Clar, Esq., at Crane, Simon, Clar & Goodman, represents
the Debtor as legal counsel.


STAPLES INC: Moody's Affirms 'B3' CFR & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service changed the outlook for Staples, Inc. to
negative from stable and affirmed all its ratings including its B3
corporate family rating, B3-PD probability of default rating, B3
ratings of its backed senior secured first lien term loans and
backed senior secured notes and the Caa2 rating of its senior
unsecured notes.

"Although Moody's expect Staples' profitability and credit metrics
to improve due to margin improvement driven by lower costs and
significant expense reduction along with modest topline growth, the
negative outlook reflects the high refinancing risk especially
given its high leverage and low interest coverage", Moody's Vice
President Mickey Chadha stated. "Staples has a very high level of
funded debt and although the company has the capacity to repay the
$287 million first lien term loan maturing September 2024 using a
combination of cash and revolver borrowings, Moody's attribute a
much higher refinancing risk to the $3.9 billion (outstanding) of
debt maturing in April 2026 given its already low interest coverage
", Chadha further stated.

RATINGS RATIONALE

Staples' B3 corporate family rating reflects Moody's expectation
that the company will either repay the $287 million (outstanding)
term loan maturing in September 2024 using a combination of cash
and/or revolver borrowing or refinance it before June 2024 which is
when the revolver will expire if the term loan is not repaid or
refinanced.  Staples had $120 million in cash on the balance sheet
and $686 million availability under its revolver as of October 28,
2023 (unrated).The rating also reflects Staples' weak credit
metrics with Moody's adjusted debt/EBITDA of 6.8 times and
EBITA/interest of 1.1 times for the LTM period ending October 28,
2023, adequate liquidity, the scale of its delivery-only B2B
business, loyal commercial relationships with high retention rates
and well established supply chain and distribution capabilities.
Staples' revenue from office supplies segment has suffered from
lower demand from its core corporate clients as most employees have
not returned to the office on a full-time basis with many
continuing to work either fully remote or in some hybrid
arrangement, a trend which Moody's expect to continue. This
weakness and resulting pressure on profitability has been offset by
demand increases in the Pro Segment. Profitability has improved as
the company has cut costs and streamlined operations. Moody's
expect credit metrics to improve further from current levels as
profitability improves with debt/EBITDA at around 6.0 times and
EBITA/interest around 1.5 times in the next 12 months.  Staples'
rating also reflects financial strategy risks inherent in a
sponsor-owned company, including the potential for leveraging
extractions of equity and a distressed exchange.

The negative outlook reflects the high refinancing risk related to
the company's debt maturity wall in 2026 as well as its high
leverage and low interest coverage.

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

Ratings could be upgraded if operating performance improves, there
are no meaningful near term debt maturities and liquidity is good.
An upgrade would also require operating performance and financial
strategies that support debt/EBITDA sustained below 6.5 times and
EBITA/ interest expense sustained above 1.5 times.

Ratings could be downgraded if Staples does not refinance its debt
at par well in advance of its maturity or liquidity weakens for any
reason.  Quantitatively, ratings could be downgraded should
debt/EBITDA be sustained above 7.5 times or EBITA/interest is
sustained below 1.0 times including any potential refinancing
transaction or should financial strategies become detrimental to
creditors.

Headquartered in Framingham, MA, Staples, Inc.is a
business-to-business distributor of office supplies and ancillary
products and services selling to corporate customers in North
America and Canada. The company's business units include Staples,
Quill.com, HiTouch Business Services and Dex Imaging. Staples
serves businesses and organizations of all sizes in North America
through its contract businesses and Staples.com. Quill.com uses a
targeted high touch approach to serve the needs of small and
mid-sized businesses in the US. HiTouch Business Services is a
nationwide independent dealer of office-related supplies and
services, selling to a mix of large and mid-sized customers
throughout the US. Dex Imaging is a provider of imaging solutions
in the US. For the LTM period ended October 28, 2023, revenue was
around $10.4 billion. The company is owned by affiliates of
Sycamore Partners, a private equity company.

The principal methodology used in these ratings was Distribution
and Supply Chain Services published in February 2023.


STARBOARD HOME: Hires Buddy D. Ford P. A. as Counsel
----------------------------------------------------
Starboard Home, Inc. seeks approval from the U.S. Bankruptcy Court
for the Middle District of Florida to employ Buddy D. Ford, P. A.
as its counsel.

The Debtor requires legal counsel to:

     a. analyze the financial situation, and rendering advice and
assistance to the Debtor in determining whether to file a petition
under Title 11, United States Code;

     b. advise the Debtor with regard to the powers and duties of
the debtor and as Debtor-in-Possession in the continued operation
of the business and management of the property of the estate;

     c. prepare and file of the petition, schedules of assets and
liabilities, statement of affairs, and other documents required by
the Court;

     d. represent the Debtor at the Section 341 Creditors'
meeting;

     e. advise the Debtor with respect to its responsibilities in
complying with the United States Trustee's Operating Guidelines and
Reporting Requirements and with the rules of the court;

     f. prepare necessary motions, pleadings, applications,
answers, orders, complaints, and other legal papers and appear at
hearings thereon;

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

     h. represent the Debtor in negotiation with its creditors in
the preparation of the Chapter 11 Plan; and

     i. perform all other legal services for Debtor as
Debtor-in-Possession which may be necessary, and it is necessary
for Debtor as Debtor-in-Possession to employ this attorney for such
professional services.

The firm will be paid at these rates:

     Buddy D. Ford, Esq.          $450 per hour
     Attorneys                    $450 per hour
     Senior Associate Attorneys   $400 per hour
     Junior Associate Attorneys   $350 per hour
     Senior paralegal             $150 per hour
     Junior paralegal             $100 per hour

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

The Debtor paid the firm a retainer of $3,000.

Buddy D. Ford, Esq., a partner at Buddy D. Ford, P.A., disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Buddy D. Ford, Esq.
     Jonathan A. Semach, Esq.
     Heather M. Reel, Esq.
     BUDDY D. FORD, P.A.
     9301 West Hillsborough Avenue
     Tampa, FL 33615-3008
     Tel: (813) 877-4669
     Email: Buddy@tampaesq.com
            Jonathan@tampaesq.com
            Heather@tampaesq.com

              About Starboard Home, Inc.

Starboard Home, Inc. sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00521) on January 31,
2024, with $0 to $50,000 in assets and liabilities.

Judge Roberta A. Colton oversees the case.

Buddy D. Ford, Esq., at Buddy D. Ford, P.A. represents the Debtor
as legal counsel.


SWEETWATER GOLF: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The U.S. Trustee for Region 21, until further notice, will not
appoint an official committee of unsecured creditors in the Chapter
11 case of Sweetwater Golf and Country Club, Inc., according to
court dockets.

              About Sweetwater Golf and Country Club

Sweetwater Golf and Country Club, Inc. offers championship golf on
an 18-hole, semi-private golf course in Sweetwater, Texas.

Ubuildit - Central Florida, LLC, a creditor, filed an involuntary
Chapter 11 petition against Sweetwater Golf and Country Club
(Bankr. M.D. Fla. Case No. 23-04594) on Oct. 31, 2023. The
petitioning creditor is represented by Kenneth D. Herron, Jr.,
Esq., at Herron Hill Law Group, PLLC.

Judge Grace E. Robson oversees the case.

The Law Firm of Shuker & Dorris, P.A. serves as the Debtor's
bankruptcy counsel.


TBD RESTAURANTS: Hires Leavitt Legal Services P.C. as Counsel
-------------------------------------------------------------
TBD Restaurants, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Nevada to employ Leavitt Legal Services, P.C.
as counsel.

The firm will provide these services:

   a. aid the Debtor in filing the necessary documents required in
a Chapter 11 bankruptcy proceeding, including schedules, disclosure
statements and plan;

   b. aid the Debtor in determining what is best for the estate;

   c. institute, prosecute, or defend any lawsuits arising from the
bankruptcy case; and

   d. perform all other legal services for the Debtor which may be
necessary and it is necessary for the Debtor to employ an
attorney.

The firm will be paid at the rate of $475 per hour, and a retainer
of $25,000.

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

James T. Leavitt, Esq., a partner at Leavitt Legal Services, P.C,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     James T. Leavitt, Esq.
     LEAVITT LEGAL SERVICES, P.C.
     601 South 6th Street
     Las Vegas, NV 89101
     Tel: (702) 385-7444
     Fax: (702) 385-1178
     Email: Jamestleavittesq@gmail.com

              About TBD Restaurants, LLC

TBD Restaurants, LLC owns and operates a pizza restaurant in
Henderson, Nev.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D. Nev. Case No. 24-10386) on January 29,
2024, with $4,079,600 in assets and $431,000 in liabilities. Hagop
(Jacob) Tchamanian, managing member, signed the petition.

Judge August B. Landis oversees the case.

James T. Leavitt, Esq., at Leavitt Legal Services, P.C. represents
the Debtor as bankruptcy counsel.


TRINSEO PLC: Moody's Lowers CFR to B2, Outlook Remains Negative
---------------------------------------------------------------
Moody's Investors Service has downgraded the Corporate Family
Rating of Trinseo PLC ("Trinseo") to B2 from B1, Probability of
Default Rating to B2-PD from B1-PD. Moody's also downgraded the
rating on Trinseo Materials Operating S.C.A.'s senior unsecured and
backed senior unsecured notes to Caa1 from B3, the rating on
Trinseo Materials Operating S.C.A.'s  backed first lien senior
secured term loan and backed revolving credit facility to B2 from
B1 and the rating on Trinseo LuxCo Finance SPV S.a r.l.'s first
lien senior secured term loans to B1 from Ba3. The SGL-3
Speculative Grade Liquidity Rating ("SGL") remains unchanged. The
rating outlook for all issuers remains negative.

Governance considerations, including financial performance track
record and financial policy, were key drivers of the actions.

RATINGS RATIONALE

The rating downgrade reflects Trinseo's weak credit metrics and
expected negative free cash flow. Demand for many of the company's
products remains weak and exports from China continue to depress
commodity prices, especially in Europe. The soft business
fundamentals for PS, ABS, PC and MMA are likely to persist in 2024
given the oversupply and weak Chinese demand. Trinseo's financial
performance should improve year on year due to the absence of
natural gas hedging losses, as well as the shutdown of its styrene
production in Terneuzen, which should amount to a roughly $100
million benefit for the full year. However, these won't be enough
to raise EBITDA above $300 million in 2024 from $154 million in
2023 in the absence of a meaningful demand recovery. Moody's
expects debt leverage to be roughly 10x and free cash flow to turn
negative given nearly $305 million payments in interest, tax and
capex and limited cash flow contribution from working capital
management in 2024. Trinseo's earnings have been hit hard by
customer destocking since the second half of 2022. Weaknesses in
demand and commodity prices, especially in Europe, as well as
losses from natural gas hedges put in place starting in the third
quarter of 2022 through 2023 have negatively impacted the company's
earnings and cash flow.

The B2 CFR reflects the company's diversified portfolio of
businesses that have substantial intrinsic value. The company has
announced actions to close commodity operations and downstream
assets that are exposed to more commodity-like end markets.
Management has been focusing on conserving cash and continues to
seek opportunities including asset sales to repay debt. This
includes the potential divesture of its 50% ownership in American
Styrenics.

The negative outlook reflects the extended weakness in financial
performance, the increasing risk on liquidity and uncertainty over
the timing of an improvement in end-market demand.

Trinseo's Speculative Grade Liquidity Rating remains unchanged at
SGL-3, as the company had $471 million in liquidity, including $259
million cash, $98 million availability on its revolving credit
facility (issued by Trinseo Materials Operating S.C.A.) and $114
million availability on its securitization program at the end of
December 2023. Its liquidity is sufficient to buffer potential cash
consumption in 2024. There is no near-term debt maturity until its
outstanding $115 million senior notes due in September 2025 (issued
by Trinseo Materials Operating S.C.A.).

Trinseo has a $375 million revolving credit facility (issued by
Trinseo Materials Operating S.C.A.) with no outstanding balances at
the end of 2023; however there is a springing financial covenant
when more than 30% of the facility is outstanding. This covenant
limits secured leverage to 3.5x. As of the end of 2023, this
covenant was over 6x limiting borrowing under the facility to $98
million net of $14 million of letters of credit. The company also
has access to a $150 million accounts receivable facility, which is
fully available, but limited by eligible receivables to $114
million at the end of 2023 and matures in November 2024; also it
has no financial maintenance covenants. The company is in the
process of extending the facility by three years during the first
quarter of 2024.

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

An upgrade to the ratings is unlikely due to Trinseo's weak
financial metrics. However, the rating could be upgraded, if
Trinseo improves its annual EBITDA to about $400 million and
generates free cash flow of about $100 million per annum.

The ratings could be downgraded if free cash flow remains negative
and liquidity weakens, or if leverage remains above 6x for an
extended period.

ESG CONSIDERATIONS

Environmental, social and governance ("ESG") factors are important
considerations in Trinseo's credit quality. Trinseo's Credit Impact
Score ("CIS") is revised to CIS-4 from CIS-3, mainly reflecting
high governance risks (G-4) as evidenced by financial performance
below management guidance and the large amount of debt on balance
sheet. The company also faces significant environmental and social
risks due to the nature of the chemicals used and produced at its
facilities.

Trinseo PLC is the world's largest producer of styrene butadiene
("SB") latex, the third largest global producer of polystyrene and
a sizable producer of PMMA and engineered polymer blends. Trinseo
typically has revenues of $4-6 billion depending on petrochemical
feedstock prices. It has 25 manufacturing sites around the world,
and approximately 4,100 employees.

The principal methodology used in these ratings was Chemicals
published in October 2023.


UBER TECHNOLOGIES: Moody's Ups CFR & Senior Unsecured Debt to Ba1
-----------------------------------------------------------------
Moody's Investors Service upgraded Uber Technologies, Inc.'s
Corporate Family Rating to Ba1, from Ba3, and its Probability of
Default Rating to Ba1-PD, from Ba3-PD. Moody's also upgraded the
rating for Uber's senior secured term loan to Baa3, from Ba2, and
its senior unsecured debt rating to Ba1, from B1. The ratings
outlook remains positive. Uber's Speculative Grade Rating of SGL-1,
which reflects its very good liquidity, is unchanged.

RATINGS RATIONALE

Moody's senior analyst Raj Joshi said, "The upgrade of the CFR to
Ba1 reflects Uber's substantial and rapid improvements in
profitability, and Moody's view that its strong growth prospects
and newly established financial policy targets create room for
further strengthening of its credit profile." Uber's free cash flow
increased from $390 million in 2022 to $3.4 billion in 2023, and
Moody's expects it to grow to more than $5 billion and about $7
billion, in 2024 and 2025, respectively. The rapid turnaround in
profitability over the last 24 months reflects management's strong
execution against the adjusted EBITDA and Gross Bookings (GB)
growth targets it set in February 2022. Moody's expects adjusted
EBITDA (as reported by the company) in 2024 of approximately $6
billion, significantly above the target of $5 billion it
established in February 2022. Joshi added, "Uber's profitability
has been driven by operating efficiencies, a healthy mix of growth
in the core UberX rides and food delivery services, introduction of
new products and membership programs, and higher driver and
consumer engagement, which enhance the strength of its online
commerce platform."

Governance considerations, specifically management's track record
of executing against its profitability targets and its financial
policy commitments, are a key driver of the rating upgrade. Uber
will target gross leverage of about 2x (based on the company's
adjusted EBITDA) and a "solid investment grade" rating. Moody's
believes that Uber's first-time share repurchase authorization of
$7 billion, given its robust free cash flow and a strong cash
position, provide ample flexibility to make investments in growth
opportunities and return capital to shareholders while improving
its credit metrics. Moody's projects Uber's total debt to EBITDA
(Moody's adjusted) to decline from about 5x at the end of 2023, to
approximately 2x at year-end 2025.

The Ba1 CFR reflects Uber's strong financial profile, supported by
its $5.4 billion of cash and short-term investments at year-end
2023, and Moody's projections for free cash flow increasing to 44%
of total lease-adjusted debt in 2024. Uber benefits from secular
growth in demand for on-demand transportation services across its
global footprint. The Ba1 rating is further supported by the
substantial operating scale of Uber's digital commerce platform
(Moody's expects $162 billion of GB in 2024); high business and
geographic revenue diversity; and, leading category positions in
several key ridesharing and food delivery markets globally. Uber
also had $6.1 billion of book value of minority equity interests in
multiple online transportation businesses.

Uber faces significant regulatory and litigation risks, and intense
competition. Moody's believes that the company's strengthening
financial profile, improving relations with regulators, and ability
to grow its business and profitability by adapting its business
model to regulatory requirements in multiple jurisdictions evidence
its ability to manage regulatory risks. Uber's aggregate
liabilities related to legal and regulatory matters and non-income
tax disputes have declined to $1 billon from $2.2 billion at FYE
'21. Maintaining driver supply is critical to the company's ability
to meet growing demand on its transportation platforms. Higher
costs of drivers or constrained supply of drivers resulting from
regulatory changes or tightening labor markets pose risks to the
company's ability to maintain service quality and price
competitiveness of its services.

Despite its large operating scale, Uber faces formidable
competitors across its services globally. Profitability of the
on-demand ridesharing and delivery industries has benefited from
relatively benign competition in recent periods as the industry
shifted focus on growing profitability amid rising cost of capital,
shareholders' unwillingness to fund sustained losses, and pressure
from shareholders to demonstrate profitability after incurring
substantial losses over the past decade and a half. Uber has
substantial scale and it has increased driver and consumer
engagement and retention in its businesses. But switching costs for
drivers and consumers are low, and profitability in its businesses
is susceptible to competitors that are willing to aggressively
deploy capital to add consumers or drivers through promotions and
incentives.

The positive ratings outlook reflects Moody's expectation that
Uber's profitability will strengthen consistent with the company's
3-year target of GB growth in the mid-to-high teens percentages and
adjusted EBITDA growth (as reported by the company) of more than 2x
the growth in GB. Moody's expects Uber's cash balances to grow
relative to its debt levels and total debt to EBITDA (Moody's
adjusted) to decline to about 2x by the end of 2025.

Moody's rates Uber's senior secured term loan Baa3, or one notch
higher than the CFR, which reflects a security interest in certain
of Uber's intellectual property and the pledge of 64% of stock from
Uber Singapore Technology Pte. Ltd., a subsidiary of Uber, which
holds minority equity interests in Didi. The Ba1 rating for the
senior unsecured notes benefits from a smaller proportion of senior
secured debt in the capital structure after the issuances of
convertible notes.

The SGL-1 Speculative Grade Liquidity rating considers Uber's
strong liquidity profile comprising its cash balances and
prospective free cash flow over the next 12 to 18 months. Uber also
maintains a $2.5 billion revolving credit facility (undawn and not
rated by Moody's). In addition, the company held minority equity
interests in multiple on-demand transportation businesses globally
that have substantial value.

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

Moody's could upgrade Uber's ratings if the company maintains
organic revenue and adjusted EBITDA growth consistent with its
medium-term targets and it builds a track record of financial
policies that support sustained improvements in credit metrics. In
addition, a ratings upgrade will also incorporate Moody's
assessment of Uber's legal and regulatory risks relative to its
business profile and financial strength.

Moody's could downgrade Uber's ratings if growing competitive
challenges, shareholder-oriented financial policies, or elevated
regulatory risks alter Uber's business risks and Moody's believes
that anticipated improvements in credit profile are unlikely to
materialize. The ratings could be downgraded if cash position
erodes substantially, or operating challenges or higher debt levels
lead Moody's to expect that Uber is likely to sustain total debt to
EBITDA (Moody's adjusted) above 3x.

Uber Technologies, Inc., through its proprietary technology
applications facilitates transportation services by connecting
consumers with drivers in its Mobility and Delivery segments, and
shippers with carriers in its Freight segment.

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


ULTIMATE JETCHARTERS: Hires Jetsream Aviation as Special Counsel
----------------------------------------------------------------
Ultimate Jetcharters, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Ohio to employ Jetsream Aviation
Law, P.A as special counsel.

The firm will assist with the acquisition and leasing of aircraft,
Federal Aviation Administration regulatory compliance, and
negotiation of agreements with vendors and customers.

The firm will be paid at these rates:

     Michelle M. Wade            $550 per hour
     Lori N. McGee               $520 per hour
     Melissa K. Gowin            $335 per hour

The firm will be paid a retainer in the amount of $19,180.

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

Lori N. Mcgee, Esq., a partner at Jetsream Aviation Law, P.A,
disclosed in a court filing that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

     Lori N. Mcgee, Esq.
     JETSREAM AVIATION LAW, P.A
     1832 E 153rd Cir.
     Tel: (913) 777-4538

              About Ultimate Jetcharters, LLC

Ultimate Jetcharters, LLC, a private aviation company in North
Canton, Ohio, sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 23-51404) on Oct. 10,
2023. In the petition signed by its chief financial officer,
William S. Rudner, the Debtor disclosed $500,000 to $1 million in
assets and $10 million to $50 million in liabilities.

Judge Alan M. Koschik oversees the case.

Peter Tsarnas, Esq., at Gertsz and Rosen, Ltd., represents the
Debtor as legal counsel.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtor's Chapter
11 case. The committee tapped Bernstein-Burkley PC as its counsel.


ULTIMATE JETCHARTERS: Hires Meaden & Moore as Accountant
--------------------------------------------------------
Ultimate Jetcharters, LLC, seeks approval from the U.S. Bankruptcy
Court for the Northern District of Ohio to employ Meaden & Moore as
accountant.

The firm will provide assistance with respect to Ohio Sales and Use
Tax audit and other matters as necessary.

The firm will be paid at these rates:

     CPA / Partner           $430 per hour
     Accountant              $225 per hour
     Staff                   $150 per hour
     Administrative Staff    $100 per hour

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

Brent Thompson, CPA, MT, a partner at Meaden & Moore, disclosed in
a court filing that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

     Brent Thompson
     Meaden & Moore
     One GOJO Plaza, Suite 275,
     Akron, Ohio 44311
     Tel: (330) 535-5149
     Fax: (330) 379-3494

              About Ultimate Jetcharters

Ultimate Jetcharters, LLC, a private aviation company in North
Canton, Ohio, sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ohio Case No. 23-51404) on Oct. 10,
2023. In the petition signed by its chief financial officer,
William S. Rudner, the Debtor disclosed $500,000 to $1 million in
assets and $10 million to $50 million in liabilities.

Judge Alan M. Koschik oversees the case.

Peter Tsarnas, Esq., at Gertsz and Rosen, Ltd., represents the
Debtor as legal counsel.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtor's Chapter
11 case. The committee tapped Bernstein-Burkley PC as its counsel.


UNIVERSAL-1 IMPORTS: Tarek Kiem Named Subchapter V Trustee
----------------------------------------------------------
The U.S. Trustee for Region 21 appointed Tarek Kiem, Esq., at Kiem
Law, PLLC as Subchapter V trustee for Universal-1 Imports, Inc.

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

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

The Subchapter V trustee can be reached at:

     Tarek Kiem, Esq.
     Kiem Law, PLLC
     8461 Lake Worth Road, Suite 114
     Lake Worth, FL 33467
     Tel: (561) 600-0406
     Email: tarek@kiemlaw.com

                     About Universal-1 Imports

Universal-1 Imports, Inc. filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. S.D. Fla. Case No.
24-11338) on Feb. 13, 2024, with $100,001 to $500,000 in both
assets and liabilities.

Judge Scott M. Grossman presides over the case.

Susan D. Lasky, Esq., at Susan D. Lasky, PA represents the Debtor
as legal counsel.


VANTAGE DRILLING: S&P Affirms 'CCC+' ICR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' issuer credit rating on
offshore driller Vantage Drilling International. At the same time,
S&P affirmed its 'B-' issue-level rating on the Vantage's $200
million first lien notes.

S&P also revised its liquidity assessment to 'less than adequate'
from 'adequate' reflecting above-average spending in 2024 related
to rig recontracting.

The stable outlook reflects S&P's expectation Vantage will continue
efficient operations while effectively managing rig recontracting
in 2024. Excluding the potential transaction, S&P currently
forecasts funds from operations (FFO) to debt of 0%-5% in 2024.

Vantage Drilling's recently announced joint venture with
TotalEnergies provides credit support and visibility toward debt
repayment at par.

Strategic investment provides credit support. The announced new
joint venture with integrated oil company TotalEnergies
(A+/Stable/A-1) provides line of sight to debt repayment. Per the
agreement, Vantage will sell the Tungsten Explorer drillship to the
joint venture in exchange for approximately $199 million in cash
and a 25% equity interest in the joint venture. Under the terms of
the indenture governing the first-lien notes, Vantage will be
required to use the cash proceeds to redeem its outstanding $200
million first-lien notes due 2028 at par, at which point the
company will have a debt free capital structure. S&P said, "We
expect the transaction, which remains subject to a signed
definitive agreement and rig due diligence, to close late 2024 or
early 2025. Therefore, we affirmed our 'CCC+' rating, and the
stable outlook remains unchanged."

Vantage's financial results remain dependent on favorable operating
conditions and the ability to recontract rigs in its Eastern
Hemisphere focused operational area. The company had recent
successes including a binding letter of award (LOA) on the Topaz
Driller for two years of work beginning late 2024 and an extension
of the Tungsten Explorer's contract in West Africa through early
2025. After keeping utilization above 90% in 2023, we expect lower
utilization in 2024 will be partially offset by higher dayrates.
S&P assumes Vantage's jackup fleet utilization averages about 73%
in 2024 at a dayrate of approximately $123,000 and its drillship
utilization will average about 60% with an average dayrate of
approximately $213,000. Assuming no debt repayment, we expect
average FFO to debt of 0%-5% in 2024 with slightly negative free
cash flow.

The company's small scale limits the rating. With only four owned
rigs (two drillships and two jackups), Vantage is much smaller
relative to offshore driller peers Diamond Offshore and Valaris
Ltd. The higher concentration risk could have outsized negative
effects on cash flows in the event of unexpected downtime. S&P also
assumes the EBITDA contribution from its Managed Floater fleet will
be low in 2024 ($5 million-$10 million) as these rigs roll-off
contract and are returned to the owner, Seadrill.

S&P said, "We assess Vantage's liquidity as less than adequate.
This reflects our expectation for elevated recontracting-related
spending in 2024 (about $50 million). Further, only two rigs are
fully contracted for the entire year. Although we anticipate
Vantage will be mostly reimbursed for the additional spending once
the rigs are accepted on contract in the second half of 2024, we
also believe there is some risk around the timing of reimbursement.
While the cash balance was $70 million as of September 30, 2023,
the resulting concentrated operating cash flow and lack of a
revolving credit facility leaves Vantage temporarily exposed to
low-probability, high-impact operational disruptions, or
reimbursement delays.

"The stable outlook reflects our expectation that the Tungsten
Explorer continues efficient operations through 2024 and that the
Topaz Driller begins its new contract in the third quarter of 2024
as scheduled. We also continue to monitor the company's progress in
completing its joint venture with TotalEnergies and subsequent debt
redemption. Excluding this potential transaction, we currently
forecast FFO to debt of 0%-5% in 2024."

S&P could lower the rating within the next 12 months if:

-- Offshore activity weakens, likely due to a sustained pull-back
in crude oil prices, and the company is unable to secure new
contracts at favorable rates, or

-- Liquidity deteriorates materially beyond our expectations, most
likely related to unexpected operational disruptions or delayed
reimbursement from new contracts.

S&P could raise the rating if the company significantly improves
its scale, most likely through mergers and acquisitions, and keeps
FFO to debt above 12% and debt/ to EBITDA well below 5x, while
generating positive free cash flow for a sustained period.



VOYAGER DIGITAL: McCarter Suit Puts Cos. at Risk of Crypto Advice
-----------------------------------------------------------------
Justin Wise and Sam Skolnik of Bloomberg Law report that a lawsuit
targeting McCarter & English over failed exchange Voyager Digital
Holdings Inc. shows the risk firms face when giving advice in the
fast-changing -- and sometimes dizzying -- world of crypto.

The New Jersey-based law firm gave a "bogus legal opinion" that
Voyager's native VGX token was not an unregistered security,
investors allege in a lawsuit filed Feb. 6, 2024 in Miami.  The
opinion played an integral role in a fraud that led to over $4
billion in investor losses, the suit claims.

Lawyers found themselves in "uncharted territory" as crypto's
popularity led corporate firms to launch practices, said James Cox,
a Duke University law professor.  Opinions on whether a crypto
asset is an investment contract under federal law demand a "very
big caveat" because "it's not a settled question," he said.

Voyager, a crypto trading platform founded in 2018, was one of many
digital assets firms to go bust and file for Chapter 11 bankruptcy
amid a crash in crypto prices in 2022.  The exchange gained court
approval last May to wind down operations and pay back customers a
portion of what they're owed.  Voyager co-founder Stephen Ehrlich
has faced claims of breaking derivatives rules and the Securities
and Exchange Commission has alleged VGX is a security.

McCarter & English, in a statement Wednesday, Feb. 7, 2024, said it
intends to "vigorously defend the firm, which provided clear and
competent advice to our clients."  The complaint includes "many
factual inaccuracies that we intend to address," the firm said
Thursday.

Two McCarter & English lawyers mentioned in suit -- chairman Joseph
Lubertazzi Jr. and Theodore Grannatt, chair of the firm's corporate
practice -- did not immediately respond to comment requests.

The proposed class action against McCarter & English, led by the
Moskowitz Law Firm, represents at least the second complaint
targeting a law firm that advised a failed crypto exchange.

Fenwick & West last year faced an investor complaint alleging its
work for FTX was "central" to the crypto firm"s fraud. Fenwick &
West has sought to dismiss the suit, arguing it's being targeted
for routine legal services.

                         McCarter's Role

McCarter & English, based in Newark, New Jersey, represented
Voyager and a subsidiary trading operation from March 2021 until
September 2022, according to the investor complaint.  The
representation allegedly included advising Voyager on a due
diligence questionnaire from the NBA in which the league questioned
whether a Voyager interest program was subject to scrutiny by the
Securities and Exchange Commission.

The firm in May 2021 issued a legal opinion finding Voyager's VGX
token was not a security under federal law, the complaint said.
The opinion lent credibility to Voyager as it sought new investors
and partnerships with organizations such as the NBA's Dallas
Mavericks, the complaint, which also names the NBA as a defendant,
alleges.

The McCarter & Ennglish memo, according to the complaint, relied on
a 2018 speech a former SEC official gave in which he said
cryptocurrencies such as Ethereum were not securities transactions,
as well as two no-action letters related to utility tokens provided
by the SEC.

The plaintiffs, however, allege the opinion ignored several other
SEC enforcement actions, court decisions and speeches, while
failing to scrutinize "absurd facts" provided by Voyager about the
VGX token.

                      Crypto Question

The question at the heart of the suit -- whether a crypto token is
a security under federal law -- is a hotly contested issue.  A New
York federal judge last year ruled that Ripple's XRP token is not a
security when sold to the general public, which the industry touted
as a major victory.

A judge in a separate SEC action against Terraform Labs Pte,
however, said crypto sales to the public can be securities.  The
SEC has moved to appeal the Ripple decision and is litigating a
similar action against Coinbase, the largest exchange in the US.

Investors are pursuing claims of gross negligence and violations of
the Racketeer Influenced and Corrupt Organizations Act against
McCarter & English, which is likely to be a stiff test.  Pursuing a
law firm for RICO violations relating to its legal opinions is a
"significant challenge," said Farshad Ghodoosi, an assistant
professor at Cal State University, Northridge.

"That's even more difficult if it involves a murky area of law,"
Ghodoosi said.  "Recall that the crypto industry had some major
wins recently in the action against Ripple."

The case is Karnas et al v. McCarter & English, S.D. Fla., No.
1:24-cv-20480, 2/6/24

               About Voyager Digital Holdings

Based in Toronto, Canada, Voyager Digital Holdings Inc. --
https://www.investvoyager.com/ -- ran a cryptocurrency platform.
Voyager claimed to offer a secure way to trade over 100 different
crypto assets using its easy-to-use mobile application.  Through
its subsidiary Coinify ApS, Voyager provided crypto payment
solutions for both consumers and merchants around the globe.

Voyager Digital Holdings Inc. and two affiliates sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Lead
Case No. 22-10943) on July 5, 2022.  In the petition filed by
Stephen Ehrlich, chief executive officer, the Debtors estimated
assets and liabilities between $1 billion and $10 billion.

Judge Michael E. Wiles oversees the cases.

The Debtors tapped Kirkland & Ellis, LLP as general bankruptcy
counsel; Berkeley Research Group, LLC, as financial advisor; Moelis
& Company as investment banker; Consello Group as strategic
financial advisor; Deloitte Tax, LLP as tax services provider; and
Deloitte & Touche, LLP, as accounting advisor. Stretto, Inc., is
the claims agent.

On July 19, 2022, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors in the Chapter 11 cases.
The committee tapped McDermott Will & Emery, LLP as bankruptcy
counsel; FTI Consulting, Inc., as financial advisor; Cassels Brock
& Blackwell, LLP as Canadian counsel; and Epiq Corporate
Restructuring, LLC, as noticing and information agent.

The committee also tapped the services of Harney Westwood &
Riegels, LP, in connection with Three Arrows Capital Ltd.'s
liquidation proceedings in British Virgin Islands.

On July 6, 2022, the Debtors filed a joint Chapter 11 plan of
reorganization.

                           *    *    *

Following an auction process, the Debtors in September 2022
selected the bid submitted by FTX US' West Realm Shires Inc. as the
winning bid for the assets.  But after a series of events, FTX
collapsed in November 2022, before the sale could be completed.
After reopening bidding, Voyager Digital selected the offer from
U.S. exchange BAM Trading Services Inc. (doing business as
"Binance.US") as the highest and best bid for its assets.
Binance's bid is valued at $1.022 billion.

In April 2023, Binance.US called off its deal to buy assets of
bankrupt crypto lender Voyager Digital, citing a "hostile and
uncertain regulatory climate."


WESCO AIRCRAFT: Wants to End Platinum's Fight With Creditors
------------------------------------------------------------
Steven Church of Bloomberg Law reports that to get out of
bankruptcy, aerospace parts maker Incora wants to settle a
long-running debt fight involving its parent, Platinum Equity, and
some of the biggest names on Wall Street.

The company will try to convince creditors to start mediating their
disputes while it's still moving forward with a months-long trial
that will likely determine who owns the company once it exits
bankruptcy. The change in strategy comes one day after US
Bankruptcy Judge Marvin Isgur warned Platinum, Incora and the
aerospace firm's future owners that they are unlikely to win
approval of their reorganization proposal later this month,
February 2024.
            
                         About Incora

Incora -- http://www.incora.com/-- is the trade name for the group
of companies formed by Wesco Aircraft and Pattonair, a provider of
comprehensive supply chain management services to the global
aerospace and other industries.  Beginning with a strong foundation
in aerospace and defense, Incora also utilizes its supply chain
expertise to serve industrial manufacturing, marine, pharmaceutical
and beyond.  Incora incorporates itself into customers' businesses,
managing all aspects of supply chain from procurement and inventory
management to logistics and on-site customer services.  The company
is headquartered in Fort Worth, Texas, with a global footprint that
includes 68 locations in 17 countries and more than 3,800
employees.

Wesco Aircraft Holdings, Inc., doing business as Incora, and 43
affiliates sought Chapter 11 protection (Bankr. S.D. Texas Lead
Case No. 23-90611) on June 1, 2023.

Wesco Aircraft estimated assets and debt of $1 billion to $10
billion as of the bankruptcy filing.

The Debtors tapped Milbank, LLP and Haynes and Boone, LLP as
bankruptcy counsels; PJT Partners, Inc. as investment banker;
Alvarez & Marsal North America, LLC as restructuring advisor; and
Quinn Emanuel Urquhart & Sullivan, LLP as special litigation and
conflicts counsel.  Kurtzman Carson Consultants, LLC is the claims
agent.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
The committee tapped McDermott Will & Emery, LLP and Morrison
Foerster, LLP as its counsel; Piper Sandler & Co. as investment
banker; and Province, LLC as financial advisor.


WINDSOR TERRACE: Plan Exclusivity Period Extended to March 20
-------------------------------------------------------------
Judge Victoria S. Kaufman of the U.S. Bankruptcy Court for the
Central District of California extended Windsor Terrace Healthcare,
LLC, and its Affiliated Debtors' exclusive periods to file their
plan of reorganization, and solicit acceptances thereof to March 20
and July 20, 2024, respectively.

As shared by Troubled Company Reporter, the Debtors have engaged
and continue to engage in discussions with the Official Committee
of Unsecured Creditors and other parties regarding the potential
terms of a plan of reorganization.

The Debtors explained, however, that given the large number of
cases, the large number of creditors and other constituents in the
cases, and the complexities of negotiating and formulating a
comprehensive plan that addresses the large number of cases and
creditor claims (many of which will be disputed and unliquidated)
and to finalize the complicated analysis regarding substantive
consolidation, they require additional time to develop the
structure and terms of a plan in conjunction with their secured
creditors, the Committee and other parties in interest in these
cases, and then to prepare the actual plan of reorganization, the
related disclosure statement and accompanying documents.

Windsor Terrace Healthcare, LLC and its affiliates are
represented by:

      Ron Bender, Esq.
      Monica Y. Kim, Esq.
      Juliet Y. Oh, Esq.
      Robert M. Carrasco, Esq.
      LEVENE, NEALE, BENDER, YOO & GOLUBCHIK L.L.P.
      2818 La Cienega Avenue
      Los Angeles, CA 90034
      Tel: (310) 229-1234
      E-mail: rb@lnbyg.com
             myk@lnbyg.com
             jyo@lnbyg.com
             rmc@lnbyg.com

               About Windsor Terrace Healthcare

Windsor Terrace Healthcare, LLC and its affiliates are primarily
engaged in the businesses of owning and operating skilled nursing
facilities throughout the State of California.  Collectively, the
Debtors own and operate 16 skilled nursing facilities, which
provide 24 hour, seven days a week and 365 days a year care to
patients who reside at those facilities.

In addition to the 16 skilled nursing facilities, the Debtors own
and operate one assisted living facility (which is Windsor Court
Assisted Living, LLC), one home health care center (which is S&F
Home Health Opco I, LLC), and one hospice care center (which is S&F
Hospice Opco I, LLC). The Debtors do not own any of the real
property upon which the facilities are located.

Windsor Terrace Healthcare and 18 affiliates filed Chapter 11
petitions (Bankr. C.D. Calif. Lead Case No. 23-11200) on Aug. 23,
2023. Two more affiliates, Windsor Sacramento Estates, LLC and
Windsor Hayward Estates, LLC, filed Chapter 11 petitions on Sept.
29.

At the time of the filing, Windsor Terrace Healthcare disclosed up
to $10 million in both assets and liabilities.

Judge Victoria S. Kaufman oversees the cases.

The Debtors tapped Levene, Neale, Bender, Yoo, and Golubchik, LLP
as bankruptcy counsel; Hooper, Lundy & Bookman, P.C. and Hanson
Bridgett, LLP as special counsels; and Province, LLC as financial
advisor. Stretto, Inc. is the Debtor's claims, noticing and
solicitation agent.

The U.S. Trustee for Region 16 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases.
Troutman Pepper Hamilton Sanders, LLP is the Debtors' legal
counsel.

Jacob Nathan Rubin, the patient care ombudsman, is represented by
RHM Law, LLP.


WOMEN'S CARE: $120MM Bank Debt Trades at 24% Discount
-----------------------------------------------------
Participations in a syndicated loan under which Women's Care
Holdings Inc is a borrower were trading in the secondary market
around 76.5 cents-on-the-dollar during the week ended Friday, Feb.
23, 2024, according to Bloomberg's Evaluated Pricing service data.

The loans traded in the secondary market around 78.0
cents-on-the-dollar the previous week ended Feb. 16.

The $120 million facility is a Term loan that is scheduled to
mature on January 15, 2029.  The amount is fully drawn and
outstanding.

Headquartered in Tampa, Florida, Women's Care is a provider of a
variety of women's health services, including obstetrics and
gynecology, fertility care and genetic counseling, among others.




WORLD AIRCRAFT: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: World Aircraft, Inc.
        1261 Pass Rd.
        Gulfport, MS 39501

Chapter 11 Petition Date: February 22, 2024

Court: United States Bankruptcy Court
       Southern District of Mississippi

Case No.: 24-50224

Judge: Hon. Katharine M Samson

Debtor's Counsel: Patrick Sheehan, Esq.
                  SHEEHAN AND RAMSEY, PLLC
                  429 Porter Ave
                  Ocean Springs, MS 39564
                  Tel: 228-875-0572
                  Email: Pat@sheehanramsey.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $50 million to $100 million

The petition was signed by Thomas Swarek as president.

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/Y3ZZWDI/World_Aircraft_Inc__mssbke-24-50224__0001.0.pdf?mcid=tGE4TAMA


XD INDUSTRIES: Court OKs Deal on Cash Collateral Access
-------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Santa Ana Division, authorized XD Industries, Inc. to use cash
collateral on an interim basis, in accordance with its stipulation
with the U.S. Small Business Administration, for the period
commencing nunc pro tunc from the December 14, 2023 through and
including March 31, 2024.

As previously reported by the Troubled Company Reporter, on June
12, 2020, the Debtor executed a U.S. Small Business Administration
Note, pursuant to which the Debtor obtained a COVID Economic Injury
Disaster Loan in the amount of $150,000. On December 29, 2021, the
outstanding principal was increased by $45,000 to $195,000. On
February 17, 2022, the principal was increased by an additional
$205,000, for a total, current outstanding principal obligation of
$400,000. The SBA Loan has an annual rate of interest of 3.75% and
may be prepaid at any time without notice or penalty. The
contractual monthly payments under the Loan are $1,943. The Debtor
defaulted on the monthly payments before the Petition Date, and the
SBA accelerated the balance.

As part of the SBA Loan, the Debtor and the SBA executed a Security
Agreement, dated June 12, 2020, and subsequent Amended Security
Agreements, and a valid UCC-1 filing on June 28, 2020, recorded as
Filing Number 207797986954.

The court said as adequate protection, retroactive to the Petition
Date, the SBA will receive a replacement lien(s) that is deemed
valid, binding, enforceable, non-avoidable, and automatically
perfected, effective as of the Petition Date, on all post-petition
revenues of the Debtor with the same extent, priority and validity
as the SBA's lien on the SBA Collateral, including cash collateral.
The scope of the Replacement Lien is limited to the amount (if any)
that the cash collateral diminishes post-petition as a result of
the Debtor's post-petition use of the cash collateral.

The SBA will be entitled to a super-priority claim over the life of
the Debtor's bankruptcy case, pursuant to 11 U.S.C. sections 503(b)
and 507(b), which claim will be limited to any diminution in the
value of SBA Collateral, as a result of the Debtor's use of cash
collateral on a post-petition basis.

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

        About XD Industries

XD Industries, Inc., a company in Lake Forest, Calif., filed a
petition under Chapter 11, Subchapter V of the Bankruptcy Code
(Bankr. C.D. Calif. Case No. 23-12656) on December 14, 2023, with
$129,260 in assets and $1,685,898 in liabilities. Alexander Mutuc,
president, signed the petition.

Judge Theodor Albert oversees the case.

Jeremy Rothstein, Esq., at G&BE Law, LLP represents the Debtor as
bankruptcy counsel.


YELLOW CORP: Sold $1.89 Billion Real Estate Properties
------------------------------------------------------
Street Insider reports that as of February 8, 2024, the Company has
consummated the sale of certain of the Yellow Corporation's (OTC:
YELLQ) real estate holdings (the "Sold Real Estate") to various
purchasers for an aggregate purchase price of approximately $1.89
billion in cash (together, the "Yellow Asset Sales"). The Yellow
Asset Sales were consummated pursuant to certain Asset Purchase
Agreements, dated as of December 4, 2023 (each, a "Purchase
Agreement"), by and among the Company Parties and the purchasers
thereto. The purchasers assumed certain liabilities related to the
Sold Real Estate, as applicable, including liabilities under the
leases thereon, certain cure costs required to be paid pursuant to
the Chapter 11 Cases in connection with the assumption of leases,
liabilities for taxes (subject to certain exceptions), and
liabilities relating to environmental, health or safety matters in
connection with ownership, operation, use or maintenance of the
Sold Real Estate, to the extent not extinguished by the Chapter 11
Cases.

The Yellow Asset Sales were each consummated pursuant to Section
363 of Bankruptcy Code and were confirmed by the previously
reported order of the Bankruptcy Court, dated December 12, 2023.

                   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
Corporation 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 is the claims and noticing agent.

Milbank LLP serves as counsel to certain investment funds and
accounts managed by affiliates of Apollo Capital Management, L.P.
while White & Case, LLP and Arnold & Porter Kaye Scholer, LLP serve
as counsels to Beal Bank USA and the U.S. Department of the
Treasury, respectively.

On Aug. 16, 2023, the U.S. 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 counsels; Miller
Buckfire as investment banker; and Huron Consulting Services, LLC,
as financial advisor.


ZEUUS INC: Incurs $289K Net Loss in First Quarter
-------------------------------------------------
Zeuus, Inc. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q reporting a net loss of $289,350 for
the three months ended Dec. 31, 2023, compared to a net loss of
$173,772 for the three months ended Dec. 31, 2022.

As of Dec. 31, 2023, the Company had $1.03 million in total assets,
$2.39 million in total liabilities, and a total stockholders'
deficit of $1.37 million.

The Company has an accumulated deficit at Dec. 31, 2023 of
$2,362,939, had a net loss of $289,350 and $157,232 of cash used in
operations for the three months ended Dec. 31, 2023.  The Company
has not yet established a source of revenue.  The Company said
these factors raise substantial doubt about its ability to continue
as a going concern.

"In order to continue as a going concern, the Company will need,
among other things, additional capital resources.  Management's
plan is to obtain such resources for the Company by obtaining
capital from management and significant shareholders sufficient to
meet its minimal operating expenses and seeking third party equity
and/or debt financing.  However, management cannot provide any
assurances that the Company will be successful in accomplishing any
of its plans.  These financial statements do not include any
adjustments related to the recoverability and classification of
assets or the amounts and classification of liabilities that might
be necessary should the Company be unable to continue as a going
concern," Zeuus said.

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

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1687926/000149315224007419/form10-q.htm

                        About Zeuus, Inc.

Zeuus, Inc. is a data centric company with business activities
focused three main areas: ZEUUS Data Centers, ZEUUS Energy, and
ZEUUS Cyber Security.  By combining the power of its three
divisions, ZEUUS can deliver cost-effective sustainable solutions
with ongoing growth.  The Company believes that it has strong
economic prospects by the following dynamics of the data storage,
green energy generation and cyber security.

Spokane, Washington-based Fruci & Associates II, PLLC, the
Company's auditor since 2023, issued a "going concern"
qualification in its report dated Jan. 16, 2024, citing that the
Company has an accumulated deficit, net losses, and negative cash
flows from operations.  These factors, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


ZYMERGEN INC: Seeks to Extend Plan Exclusivity to April 30
----------------------------------------------------------
Zymergen Inc., and its affiliates asked the U.S. Bankruptcy Court
for the District of Delaware to extend the exclusive periods to
file a plan of reorganization and to solicit acceptances thereof to
April 30 and July 1, 2024, respectively.

The Debtors claim that extending the Exclusive Periods provides the
Debtors with the additional time necessary to obtain confirmation
of their Plan. Allowing the Exclusive Periods to lapse on January
31, 2024, just five days prior to the Confirmation Hearing, could
result in unnecessary complexities and expense on the eve of the
Confirmation Hearing.

The Debtors assert that they have achieved much to maximize the
value of their estates and put these cases on a path to a
consensual confirmation of the Plan, including (i) successfully
negotiating and obtaining court approval of a global settlement
agreement with the Committee and Ginkgo Bioworks Holdings, Inc.
that has been incorporated into the Plan, (ii) obtaining court
approval of two separate sales for substantially all of the
Debtors' assets, which have closed, (iii) negotiating with various
stakeholders and interested parties to resolve potential disputes
in the cases, and (iv) obtaining court approval of the Disclosure
Statement and soliciting votes on the Plan.

Therefore, the Plan is the product of the Debtors' extensive
efforts and agreement among the Debtors' most significant
stakeholders, and cause exists to extend the Exclusive Periods to
allow the Debtors to achieve confirmation of the Plan.

Finally, creditors will not be harmed by extending exclusivity.
This is the Debtors' first motion to extend the Exclusive Periods,
which provides the Debtors with the time necessary to achieve
confirmation of the Plan which provides meaningful recoveries to
their general unsecured creditors. As such, creditors are not
prejudiced by an extension of the Exclusive Periods.

Counsel to the Debtors:

     Derek C. Abbott, Esq.
     Curtis S. Miller, Esq.
     Matthew O. Talmo, Esq.
     Sophie Rogers Churchill, Esq.
     MORRIS, NICHOLS, ARSHT & TUNNELL LLP
     1201 Market Street, 16th Floor
     Wilmington, DE 19801
     Telephone: (302) 658-9200
     Facsimile: (302) 658-3989
     Email: dabbott@morrisnichols.com
            cmiller@morrisnichols.com
            mtalmo@morrisnichols.com
            srchurchill@morrisnichols.com

                       About Zymergen Inc.

Zymergen, Inc., which was founded in April 2013, is a science and
material innovation company focused on designing, developing and
commercializing bio-based products for use in a variety of
industries.  It is based in Emeryville, Calif.

Zymergen and its affiliates filed Chapter 11 petitions (Bankr. D.
Del. Lead Case No. 23-11661) on Oct. 3, 2023.  At the time of the
filing, Zymergen reported $100 million to $500 million in both
assets and liabilities.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Morris, Nichols, Arsht & Tunnell, LLP as legal
counsel and Epiq Corporate Restructuring, LLC, as claims and
noticing agent.

The Official Committee of Unsecured Creditors retained Simpson
Thacher & Bartlett LLP as lead counsel, Landis Rath & Cobb LLP as
co-counsel, and Berkeley Research Group, LLC, as financial advisor.


[*] January 2024 Chapter 11 Bankruptcy Filings Rose 22% Y/Y
-----------------------------------------------------------
According to Epiq Bankruptcy, there were 36,607 total bankruptcy
filings in the U.S. in January 2024, a 17% increase from the 31,176
recorded in January of last year.  With such an increase, total
bankruptcy filings, as well as individual and commercial filings,
have increased on a year-over-year basis every month for 18
consecutive months.

Individual bankruptcy filings also increased 17% in January to
34,515, up from the January 2023 individual filing total of 29,448.
There were 19,590 individual Chapter 7 filings in January, a 25%
increase from the 15,717 filings recorded in January 2023, and
there were 14,871 individual Chapter 13 filings in January 2024, a
9% increase compared with the 13,678 filings from last January.

Overall commercial bankruptcy filings rose 21% in January, with the
2,092 filings ticking up from the 1,728 filings in January 2023.
There were 460 commercial Chapter 11 filings recorded in January
2024, a 22% increase from the 378 commercial Chapter 11 bankruptcy
filings in January 2023.  Small business filings, captured as
Subchapter V elections within Chapter 11, increased 43% to 176 in
January, up from 123 in January 2023.

"As expected, the upward trend of bankruptcy filing volumes persist
into the new year and we expect that trend to continue,
particularly as the spring tax season concludes," Michael Hunter,
vice president of Epiq AACER, said.  "High interest rates, price
fatigue and the pandemic-era excess consumer savings depletion are
all contributing factors to the increases now and into 2024."

"Households and businesses continue to adjust to sustained high
interest rates, persistent inflation and more stringent lending
terms," Amy Quackenboss, executive director of the American
Bankruptcy Institute, said. "While not at the levels recorded prior
to the pandemic, we anticipate that the steady increase in
bankruptcies will continue this year."

Adding to challenges faced by small businesses, the debt
eligibility limit of $7.5 million for businesses looking to elect
Subchapter V reorganization under Chapter 11 is due to sunset back
to $2,725,625 in late June.  The ABI's Subchapter V task force on
transmitted a report supporting the continuation of the $7.5
million debt cap for Subchapter V eligibility to Congress in
December. The task force's preliminary report was the result of
nine months of public hearings, roundtable discussions and an
industry survey inviting comment on Subchapter V.

Total and individual bankruptcy filings in January increased
slightly compared with December's filing totals, while commercial
filings decreased slightly.  Total bankruptcies increased 6% from
December's 34,481 filings, and consumer bankruptcies edged up 7%
compared with December's total of 32,403.  Individual Chapter 7
filings increased 5% and Chapter 13 filings increased 9% from
December's filings.  Conversely, commercial Chapter 11 filings
decreased 10% from December's 508 filings. Overall commercial
filings increased 1% from the 2,078 filings registered in December.
Subchapter V elections within Chapter 11 decreased 12% from the
200 filed in December.


[^] BOND PRICING: For the Week from February 19 to 23, 2024
-----------------------------------------------------------

  Company                  Ticker    Coupon Bid Price    Maturity
  -------                  ------    ------ ---------    --------
2U Inc                     TWOU       2.250    43.500    5/1/2025
99 Escrow Issuer Inc       NDN        7.500    32.399   1/15/2026
99 Escrow Issuer Inc       NDN        7.500    32.399   1/15/2026
99 Escrow Issuer Inc       NDN        7.500    32.399   1/15/2026
Acorda Therapeutics Inc    ACOR       6.000    55.308   12/1/2024
Amyris Inc                 AMRS       1.500     3.260  11/15/2026
Anagram Holdings
  LLC/Anagram
  International Inc        AIIAHL    10.000     1.250   8/15/2026
Anagram Holdings
  LLC/Anagram
  International Inc        AIIAHL    10.000     1.250   8/15/2026
Anagram Holdings
  LLC/Anagram
  International Inc        AIIAHL    10.000     1.250   8/15/2026
At Home Group Inc          HOME       7.125    30.035   7/15/2029
At Home Group Inc          HOME       7.125    29.518   7/15/2029
Audacy Capital Corp        CBSR       6.750     3.375   3/31/2029
Audacy Capital Corp        CBSR       6.500     3.375    5/1/2027
Audacy Capital Corp        CBSR       6.750     3.438   3/31/2029
Azul Secured Finance LLP   AZUBBZ    11.500    82.620   5/28/2029
BPZ Resources Inc          BPZR       6.500     3.017    3/1/2049
Biora Therapeutics Inc     BIOR       7.250    58.750   12/1/2025
BuzzFeed Inc               BZFD       8.500    86.500   12/3/2026
CSC Holdings LLC           CSCHLD     5.250    99.662    6/1/2024
Cano Health LLC            CANHEA     6.250     7.538   10/1/2028
Cano Health LLC            CANHEA     6.250     7.538   10/1/2028
Citigroup Global
  Markets Holdings
  Inc/United States        C          8.300    75.000   5/25/2037
Citizens Financial
  Group Inc                CFG        6.375    95.137         N/A
CommScope Inc              COMM       8.250    45.925    3/1/2027
CommScope Inc              COMM       8.250    45.627    3/1/2027
CommScope Technologies     COMM       5.000    38.841   3/15/2027
CommScope Technologies     COMM       5.000    38.629   3/15/2027
CorEnergy Infrastructure
  Trust Inc                CORR       5.875    60.200   8/15/2025
Cornerstone Chemical Co    CRNRCH    10.250    30.513    9/1/2027
Curo Group Holdings Corp   CURO       7.500    26.160    8/1/2028
Curo Group Holdings Corp   CURO       7.500    27.006    8/1/2028
Curo Group Holdings Corp   CURO       7.500    20.000    8/1/2028
Cutera Inc                 CUTR       2.250    24.000    6/1/2028
Cutera Inc                 CUTR       4.000    22.250    6/1/2029
Cutera Inc                 CUTR       2.250    40.875   3/15/2026
DIRECTV Holdings
  LLC / DIRECTV
  Financing Co Inc         DTV        4.450    94.953    4/1/2024
DIRECTV Holdings
  LLC / DIRECTV
  Financing Co Inc         DTV        5.150     8.484   3/15/2042
DIRECTV Holdings
  LLC / DIRECTV
  Financing Co Inc         DTV        6.000    12.677   8/15/2040
DIRECTV Holdings
  LLC / DIRECTV
  Financing Co Inc         DTV        6.350     7.605   3/15/2040
DIRECTV Holdings
  LLC / DIRECTV
  Financing Co Inc         DTV        5.150     8.484   3/15/2042
DIRECTV Holdings
  LLC / DIRECTV
  Financing Co Inc         DTV        5.150     8.484   3/15/2042
Danimer Scientific Inc     DNMR       3.250     7.250  12/15/2026
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     5.375     5.938   8/15/2026
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     6.625     6.000   8/15/2027
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     5.375     3.250   8/15/2026
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     5.375     5.488   8/15/2026
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     5.375     4.875   8/15/2026
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     6.625     4.700   8/15/2027
Diamond Sports Group
  LLC / Diamond
  Sports Finance Co        DSPORT     5.375     6.000   8/15/2026
Endo Finance LLC /
  Endo Finco Inc           ENDP       5.375     5.132   1/15/2023
Endo Finance LLC /
  Endo Finco Inc           ENDP       5.375     5.132   1/15/2023
Energy Conversion
  Devices Inc              ENER       3.000     1.331   6/15/2013
Enviva Partners LP /
  Enviva Partners
  Finance Corp             EVA        6.500    37.470   1/15/2026
Enviva Partners LP /
  Enviva Partners
  Finance Corp             EVA        6.500    36.750   1/15/2026
Exela Intermediate LLC /
  Exela Finance Inc        EXLINT    11.500    27.500   7/15/2026
Exela Intermediate LLC /
  Exela Finance Inc        EXLINT    11.500    27.316   7/15/2026
Federal Farm Credit
  Banks Funding Corp       FFCB       2.600    99.809   2/23/2024
Federal Farm Credit
  Banks Funding Corp       FFCB       1.550    98.591   2/28/2024
Federal Home Loan Banks    FHLB       5.050    99.897   2/27/2026
Federal Home Loan Banks    FHLB       5.125    99.832   2/23/2024
Federal Home Loan Banks    FHLB       5.125    99.828   2/27/2024
Federal Home Loan Banks    FHLB       3.625    99.384   2/28/2024
Federal Home Loan Banks    FHLB       4.950    96.131   3/28/2024
Federal Home Loan Banks    FHLB       1.250    99.383   2/23/2024
Federal Home Loan Banks    FHLB       3.600    99.382   2/28/2024
Federal Home Loan Banks    FHLB       2.625    99.377   2/26/2024
Federal Home Loan Banks    FHLB       1.500    99.872   2/23/2024
Federal Home Loan Banks    FHLB       3.000    99.391   2/23/2024
Federal Home Loan Banks    FHLB       3.625    99.404   2/23/2024
Federal Home Loan Banks    FHLB       1.750    99.387   2/23/2024
Federal Home Loan Banks    FHLB       0.220    97.438   2/26/2024
Federal Home Loan Banks    FHLB       3.500    99.403   2/23/2024
Federal Home Loan Banks    FHLB       0.650    99.864   2/23/2024
Federal Home Loan Banks    FHLB       1.570    96.755   3/28/2024
Federal Home Loan Banks    FHLB       1.100    99.377   2/23/2024
Federal Home Loan Banks    FHLB       0.250    97.608   2/26/2024
Federal Home Loan Banks    FHLB       1.100    99.369   2/23/2024
Federal Home Loan Banks    FHLB       3.375    99.394   2/23/2024
Federal Home Loan Banks    FHLB       3.500    99.395   2/23/2024
Federal Home Loan Banks    FHLB       1.710    99.099    3/7/2024
Federal Home Loan Banks    FHLB       0.570    99.863   2/23/2024
Federal Home Loan Banks    FHLB       3.750    99.386   2/28/2024
Federal Home Loan Banks    FHLB       2.980    99.787   2/28/2024
Federal Home Loan Banks    FHLB       2.500    99.724   2/28/2024
Federal Home Loan Banks    FHLB       2.750    99.378   2/26/2024
Federal Home Loan Banks    FHLB       1.800    99.846   2/27/2024
Federal Home Loan Banks    FHLB       0.310    99.861   2/23/2024
Federal Home Loan Banks    FHLB       0.350    99.861   2/23/2024
Federal Home Loan Banks    FHLB       0.300    99.806   2/28/2024
Federal Home Loan Banks    FHLB       0.250    99.805   2/28/2024
Federal Home Loan Banks    FHLB       1.600    99.748   2/23/2024
Federal Home Loan Banks    FHLB       3.625    99.383   2/28/2024
Federal Home Loan Banks    FHLB       3.370    99.741   2/28/2024
Federal Home Loan Banks    FHLB       5.140    99.404   2/28/2024
Federal Home Loan Banks    FHLB       1.240    99.745   2/23/2024
Federal Home Loan Banks    FHLB       1.450    99.840   2/27/2024
Federal Home Loan
  Mortgage Corp            FHLMC      3.400    99.402   2/23/2024
Federal Home Loan
  Mortgage Corp            FHLMC      0.320    99.736   2/23/2024
Federal Home Loan
  Mortgage Corp            FHLMC      3.000    99.734   2/28/2024
Federal National
  Mortgage Association     FNMA       0.350    99.374   2/23/2024
Federal National
  Mortgage Association     FNMA       0.350    99.374   2/23/2024
First Republic Bank/CA     FRCB       4.375     5.108    8/1/2046
First Republic Bank/CA     FRCB       4.625     4.855   2/13/2047
First Southwest Corp/MS    FRSTSW     6.350    90.394    6/1/2029
First Southwest Corp/MS    FRSTSW     6.350    90.394    6/1/2029
Fisker Inc                 FSR        2.500     6.750   9/15/2026
GNC Holdings Inc           GNC        1.500     0.909   8/15/2020
Goldman Sachs
  Group Inc/The            GS         1.780   100.000   2/23/2024
Goodman Networks Inc       GOODNT     8.000     5.000   5/11/2022
Goodman Networks Inc       GOODNT     8.000     1.000   5/31/2022
Gossamer Bio Inc           GOSS       5.000    37.456    6/1/2027
H-Food Holdings
  LLC / Hearthside
  Finance Co Inc           HEFOSO     8.500     5.000    6/1/2026
H-Food Holdings
  LLC / Hearthside
  Finance Co Inc           HEFOSO     8.500     8.250    6/1/2026
Hallmark Financial
  Services Inc             HALL       6.250    15.979   8/15/2029
HomeStreet Inc             HMST       3.500    34.992   1/30/2032
Homer City Generation LP   HOMCTY     8.734    38.750   10/1/2026
Inseego Corp               INSG       3.250    29.000    5/1/2025
Invacare Corp              IVC        5.000    83.125  11/15/2024
Invacare Corp              IVC        4.250     1.084   3/15/2026
JPMorgan Chase & Co        JPM        4.121    99.620   2/29/2024
JPMorgan Chase & Co        JPM        3.050    97.387    3/6/2024
JPMorgan Chase Bank NA     JPM        2.000    87.092   9/10/2031
JPMorgan Chase
  Financial Co LLC         JPM        5.000    99.513   2/29/2024
JPMorgan Chase
  Financial Co LLC         JPM        5.100    99.441   2/29/2024
JPMorgan Chase
  Financial Co LLC         JPM        5.700   100.000    9/2/2025
Karyopharm Therapeutics    KPTI       3.000    54.750  10/15/2025
Ligado Networks LLC        NEWLSQ    15.500    17.500   11/1/2023
Ligado Networks LLC        NEWLSQ    15.500    19.950   11/1/2023
LivePerson Inc             LPSN       0.750    99.700    3/1/2024
Luminar Technologies Inc   LAZR       1.250    36.000  12/15/2026
MBIA Insurance Corp        MBI       16.836     4.430   1/15/2033
MBIA Insurance Corp        MBI       16.836     4.105   1/15/2033
Macy's Retail Holdings     M          6.700    84.204   7/15/2034
Macy's Retail Holdings     M          6.900    87.394   1/15/2032
Mashantucket Western
  Pequot Tribe             MASHTU     7.350    47.018    7/1/2026
Morgan Stanley             MS         4.441    99.131   2/28/2024
Morgan Stanley             MS         1.800    75.695   8/27/2036
OMX Timber Finance
  Investments II LLC       OMX        5.540     0.850   1/29/2020
Photo Holdings
  Merger Sub Inc           SFLY       8.500    45.120   10/1/2026
Photo Holdings
  Merger Sub Inc           SFLY       8.500    45.120   10/1/2026
Polar US Borrower
  LLC / Schenectady
  International
  Group Inc                SIGRP      6.750    21.162   5/15/2026
Polar US Borrower
  LLC / Schenectady
  International
  Group Inc                SIGRP      6.750    22.214   5/15/2026
Porch Group Inc            PRCH       0.750    41.000   9/15/2026
Rackspace Technology
  Global Inc               RAX        5.375    29.385   12/1/2028
Rackspace Technology
  Global Inc               RAX        5.375    29.582   12/1/2028
Renco Metals Inc           RENCO     11.500    24.875    7/1/2003
Rite Aid Corp              RAD        7.700     3.655   2/15/2027
Rite Aid Corp              RAD        6.875     5.882  12/15/2028
Rite Aid Corp              RAD        6.875     5.882  12/15/2028
Roche Holdings Inc         ROSW       5.597    99.052    3/5/2024
RumbleON Inc               RMBL       6.750    56.444    1/1/2025
SBL Holdings Inc           SECBEN     7.000    69.250         N/A
SBL Holdings Inc           SECBEN     7.000    66.000         N/A
SVB Financial Group        SIVB       4.000     1.750         N/A
SVB Financial Group        SIVB       3.500    67.000   1/29/2025
SVB Financial Group        SIVB       4.100     1.750         N/A
SVB Financial Group        SIVB       4.250     1.750         N/A
SVB Financial Group        SIVB       4.700     1.500         N/A
Shift Technologies Inc     SFT        4.750     1.150   5/15/2026
Spanish Broadcasting
  System Inc               SBSAA      9.750    53.746    3/1/2026
Spanish Broadcasting
  System Inc               SBSAA      9.750    53.978    3/1/2026
Spirit Airlines Inc        SAVE       1.000    47.750   5/15/2026
TerraVia Holdings Inc      TVIA       5.000     4.644   10/1/2019
Textron Inc                TXT        4.300    99.978    3/1/2024
Tricida Inc                TCDA       3.500     9.355   5/15/2027
Veritone Inc               VERI       1.750    28.375  11/15/2026
Virgin Galactic
  Holdings Inc             SPCE       2.500    38.250    2/1/2027
Voyager Aviation
  Holdings LLC             VAHLLC     8.500    28.000    5/9/2026
Voyager Aviation
  Holdings LLC             VAHLLC     8.500    28.000    5/9/2026
Voyager Aviation
  Holdings LLC             VAHLLC     8.500    28.000    5/9/2026
WeWork Cos LLC /
  WW Co-Obligor Inc        WEWORK     5.000     4.313   7/10/2025
WeWork Cos LLC /
  WW Co-Obligor Inc        WEWORK     5.000     4.250   7/10/2025
WeWork Cos US LLC          WEWORK    11.000    18.643   8/15/2027
WeWork Cos US LLC          WEWORK     7.875     4.500    5/1/2025
WeWork Cos US LLC          WEWORK    15.000    31.756   8/15/2027
WeWork Cos US LLC          WEWORK     7.875     5.063    5/1/2025
WeWork Cos US LLC          WEWORK    12.000     3.362   8/15/2027
WeWork Cos US LLC          WEWORK    15.000    31.756   8/15/2027
WeWork Cos US LLC          WEWORK    11.000    18.643   8/15/2027
Wesco Aircraft Holdings    WAIR       9.000     9.750  11/15/2026
Wesco Aircraft Holdings    WAIR       8.500    27.938  11/15/2024
Wesco Aircraft Holdings    WAIR      13.125     3.000  11/15/2027
Wesco Aircraft Holdings    WAIR       8.500    23.014  11/15/2024
Wesco Aircraft Holdings    WAIR       9.000    24.042  11/15/2026
Wesco Aircraft Holdings    WAIR      13.125     3.000  11/15/2027
Wheel Pros Inc             WHLPRO     6.500    27.012   5/15/2029
Wheel Pros Inc             WHLPRO     6.500    30.245   5/15/2029



                            *********

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
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