---

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

              Thursday, May 23, 2024, Vol. 28, No. 143

                            Headlines

1001 WL LLC: Condominium Sale Proceeds to Fund Plan
130 BOWERY: Secured Noteholder Proposes Plan
58 DOBBIN: Seeks to Hire Allen A. Kolber, PC as Legal Counsel
751 ST. NICHOLAS: Unsecureds Get 50% or 10% Yearly Until Fully Paid
80 WEST WASHINGTON: No Funds Available for Unsecured Claims

84 LUMBER: S&P Upgrades ICR to 'BB' on Sustained Low Leverage
ADVANCED CARE: Case Summary & Five Unsecured Creditors
AERO OPERATING: Ares Capital Marks $36.2MM Loan at 15% Off
AGREGADOS FURIA: Case Summary & 10 Unsecured Creditors
ALLEGIANT TRAVEL: S&P Alters Outlook to Negative, Affirms 'BB-' ICR

ALTICE USA: Works With Moelis & Co. to Manage Debt
AMBRI INC: U.S. Trustee Appoints Creditors' Committee
AOA REALTY: Seeks to Hire Davidoff Hutcher & Citron as Attorney
APPGATE INC: Unsecureds Will Get 100% of Claims in Prepackaged Plan
ARIAAZ LLC: Seeks to Hire Dickinson Wright PLLC as Special Counsel

ARNOLD TRANSPORTATION: Seeks Chapter 7 Bankruptcy Liquidation
ARTICO COLD: Court OKs Cash Collateral Access Thru June 16
ARTIFICIAL INTELLIGENCE: Reports 505% Growth in Monthly Revenues
ASTRA INTERMEDIATE: Moody's Lowers PDR to 'D-PD', Outlook Stable
ATLAS LITHIUM: Incurs $13.2 Million Net Loss in First Quarter

AULT ALLIANCE: Posts Net Income of $9.96 Million in First Quarter
AZM RESTAURANTS: Unsecureds Owed $53M Get Share of AZM Set Aside
BACCI OF BENSENVILLE: Wins Interim Cash Collateral Access
BELINDA'S SOUTHERN: Files Emergency Bid to Use Cash Collateral
BI HOLDINGS: Claims to be Paid From Business Income & Sale Proceeds

CAN B CORP: Incurs $5.05 Million Net Loss in First Quarter
CANO HEALTH: Expects to Emerge from Chapter 11 in Q3 2024
CANO HEALTH: Net Loss Widens to $478.2 Million in Q1 2024
CHICKEN SOUP: Reports $52.9 Million Net Loss in First Quarter
CLEAN ENERGY: Reports $1.42 Million Total Loss in First Quarter

COLOGNE ACADEMY: S&P Withdraws 'BB+' Rating on 2014A Revenue Bonds
CONVEY HEALTH: Ares Capital Marks $2.7MM Loan at 19% Off
CORENERGY INFRASTRUCTURE: Net Loss Widens to $272.8MM in FY 2023
COSTA SHIPPING: Seeks to Hire P.S. Business Services as Bookkeeper
COTY INC: S&P Rates EUR500MM Senior Secured Notes 'BB+'

CRESCENT ENERGY: Fitch Puts 'B+' LongTerm IDR on Watch Positive
CRIMSON HOLDINGS: Comm. Taps Schafer and Weiner as Legal Counsel
CSC HOLDINGS: Moody's Cuts CFR to Caa2 & Alters Outlook to Negative
DAYLIGHT BETA: Ares Capital Marks $12.3MM Loan at 52% Off
DEPETRIS FAMILY: Wins Cash Collateral Access Thru Aug 31

DIAMOND FOUNDRY: S&P Withdraws 'B-' Issuer Credit Rating
DIOCESE OF SACRAMENTO: Committee Taps Stinson LLP as Legal Counsel
DIXON HOLDINGS: Unsecureds to Get Share of Sale, Action Proceeds
DURECT CORP: Gets FDA Breakthrough Designation for Larsucosterol
DURECT CORP: Incurs $7.64 Million Net Loss in First Quarter

EIGER BIOPHARMACEUTICALS: Wants to Keep Bankruptcy Case in Texas
EL DORADO SENIOR: Case Summary & 20 Largest Unsecured Creditors
ELEVATION SERVICES: Ares Capital Marks $600,000 Loan at 17% Off
ENERGIZER HOLDINGS: S&P Rates New $838MM Secured Term Loan B 'BB'
ERESEARCH TECHNOLOGY: Moody's Rates New $1.9BB First Lien Loan 'B2'

ETTA COLLECTIVE: Inkind Buys Company's Assets for $4 Million
EVERYTHING BLOCKCHAIN: Incurs $7.85M Net Loss in FY Ended Jan. 31
EXELA TECHNOLOGIES: Incurs $25.6 Million Net Loss in First Quarter
FAITH BAPTIST: Hires Stevens Martin Vaughn & Tadych as Counsel
FCA CONSTRUCTION: Hires Fishman Haygood as Bankruptcy Counsel

FOREMOST SPLICING: Court OKs Cash Collateral Access Thru June 18
GARCIA GRAIN: Gets Court OK to Sell Hidalgo Assets to Vantage Bank
GENEVER HOLDINGS: Trustee Taps Harney Westwood as Cayman Counsel
GENIE INVESTMENTS: Committee Taps Holland & Knight as Legal Counsel
GRAFTECH FINANCE: Moody's Cuts CFR & Senior Secured Notes to Caa1

GREEN ROADS: Files Amendment to Disclosure Statement
GRIFFIN GLOBAL: S&P Alters Outlook to Positive, Affirms 'BB-' ICR
GROM SOCIAL: Incurs $4.06 Million Net Loss in First Quarter
GULFSIDE SUPPLY: Moody's Assigns First Time B2 Corp. Family Rating
HELLO NOSTRAND: Unsecureds Will Get 3.8% of Claims in Plan

HEPION PHARMACEUTICALS: Posts $2.85-Mil. Net Loss in First Quarter
HIGH WIRE: Reports $414K Net Loss in First Quarter
HOLLYWOOD LOFTS: U.S. Trustee Unable to Appoint Committee
HOUSEWORX INVESTMENTS: Unsecured to Get Remaining Balance From Sale
HUMANIGEN INC: Unsecureds Owed $44M to Get 0.39%-19.25% of Claims

HYPA LABS: Reports $236K Net Income in Second Quarter
INFINITE PROPERTIES: Case Summary & Eight Unsecured Creditors
JCF HILTON: Seeks to Sell Property to Fulcher for $7.25-Mil.
JETBLUE AIRWAYS: Fitch Lowers LongTerm IDR to 'B', Outlook Stable
JR PARTNERS: Seeks to Tap Jenny Doyle Group as Real Estate Broker

JUN ENTERPRISE: Files Emergency Bid to Use Cash Collateral
KBHS ACQUISITION: Ares Capital Marks $400,000 Loan at 25% Off
KENBENCO INC: Seeks to Hire Genova Malin & Trier as Legal Counsel
KEVIN CONCANNON: $5MM DIP Loan from Alleon OK'd
KIDKRAFT INC: Hires KidKraft Inc as Claims and Noticing Agent

L.O.F. INC: Wins Cash Collateral Access Thru June 4
LABORATORIES BIDCO: Ares Capital Marks $600,000 Loan at 17% Off
LBM ACQUISITION: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
LEGAL RECOVERY: Rental Income to Fund Plan Payments
LIFESCAN GLOBAL: Ares Capital Marks $12MM Loan at 40% Off

LIFESCAN GLOBAL: Ares Capital Marks $200,000 2L Loan at 50% Off
LIQUIDMETAL TECHNOLOGIES: Reports $314K Net Loss in First Quarter
LITTLE DOLLAR: Hires Giddens Mitchell & Associates as Counsel
LIVINGSTON TOWNSHIP: Taps Heritage Commercial as Real Estate Agent
LOJERKY INC: Court Approves Disclosure Statement

MAGNA SERVICE: Wins Cash Collateral Access Thru July 31
MAJESTIC GARDEN: June 20 Disclosure Statement Hearing Set
MATCHBOX BUSINESS: Court OKs Interim Cash Collateral Access
MINOTAUR ACQUISITION: Moody's Alters Outlook on B2 CFR to Positive
MIR SCIENTIFIC: Seeks Approval to Sell Assets by Online Auction

MISSISSIPPI ORTHOPAEDIC: Hires Sheehan & Ramsey as Legal Counsel
MSI HOLDING: Seeks to Hire Kutner Brinen as Bankruptcy Counsel
NEW RUE21: Rue21 Uses Lender Cash to Sell Stores' Inventories
NU RIDE: Net Loss Narrows to $8.5 Million in Q1 2024
OCUGEN INC: Declares Dividend of Series C Preferred Stock

OLYMPIA ACQUISITION: Ares Capital Marks $12MM Loan at 46% Off
OLYMPIA ACQUISITION: Ares Capital Marks $58MM 1L Loan at 46% Off
OMNIQ CORP: Reports $2.10 Million Net Loss in First Quarter
OPENLANE INC: Moody's Rates New CAD175MM First Lien Revolver 'Ba2'
OPTIME LLC: Court Approves Disclosures and Confirms Plan

P3 PURE: Files Emergency Bid to Use Cash Collateral
PARK 151 CS: Voluntary Chapter 11 Case Summary
PARTNERS IN HOPE: Court OKs Cash Collateral Access
PATHWAY VET: Ares Capital Marks $76.3MM Loan at 15% Off
PG&E CORP: 9th Circ Asks Lower Court to Reassess Wildfire Suit Halt

PHILADELPHIA ORTHODONTICS: Case Summary & 16 Unsecured Creditors
PLURALSIGHT INC: Ares Capital Marks $106MM Loan at 15% Off
PREMIER HEALTHCARE: Court OKs Bid Rules for Sale of Equipment
PS OPERATING: Ares Capital Marks $15.8MM Loan at 31% Off
PS OPERATING: Ares Capital Marks $1MM Loan at 30% Off

PS OPERATING: Ares Capital Marks $4.6MM Loan at 33% Off
RITE AID CORP: Closes One Quarter of Its Stores in Bankruptcy
ROCK CRUSHING: Seeks to Tap Baldwin McGaughey & Co. as Accountant
ROCKIES EXPRESS: Fitch Affirms 'BB+' LongTerm IDR, Outlook Stable
RWC GROUP: Seeks $1MM DIP Loan From Edge Group

RX DISCOUNT PHARMACY: Hits Chapter 11 Bankruptcy Protection
SCHULTE INC: Wins Cash Collateral Access Thru July 31
SHO HOLDING I: Ares Capital Marks $11.9MM Loan at 30% Off
SHO HOLDING I: Ares Capital Marks $19.7MM Loan at 30% Off
SIR TAJ: Has Deal on Cash Collateral Access

SMARTROOMZ HOLDING: Hires Giddens Mitchell & Associates as Counsel
SOTERA HEALTH: Moody's Rates New $1.5BB First Lien Term Loan 'B1'
SOTERA HEALTH: S&P Rates New $750MM Senior Secured Notes 'BB-'
SPX FLOW: S&P Upgrades ICR to 'B' on Continued Deleveraging
ST. CHRISTOPHER'S: Files for Chapter 11 to Tackle Abuse Suits

STALWART PLASTICS: Court OKs Bid Rules for Sale of Assets
SUPOR PROPERTIES: Sale, Equity, Refinance Transactions to Fund Plan
SUPPLY SOURCE: Case Summary & 30 Largest Unsecured Creditors
SVP-SINGER: Ares Capital Marks $44MM Loan at 34% Off
SVP-SINGER: Ares Capital Marks $44MM Loan at 34% Off

T AND D: U.S. Trustee Unable to Appoint Committee
TOWER HEALTH: S&P Lowers Bonds Rating to 'CCC', Outlook Negative
TSC LLC: Seeks to Hire Wadsworth Garber as Bankruptcy Counsel
TST BEVERAGES: Sickles Market Seeks Chapter 11 Bankruptcy
TURNONGREEN INC: Net Loss Narrows to $735,000 in Q1 2024

UNIVISION COMMUNICATIONS: Moody's Affirms 'B1' CFR, Outlook Stable
US LIGHTING: Incurs $439K Net Loss in First Quarter
VIEWBIX INC: Incurs $1.17 Million Net Loss in First Quarter
VILLAGE CENTER: Files Emergency Bid to Use Cash Collateral
VILLAGE OAKS SENIOR: Case Summary & 20 Top Unsecured Creditors

VIVAKOR INC: Incurs $1.88 Million Net Loss in First Quarter
WALLAROO'S FURNITURE: Wins Cash Collateral Access on Final Basis
WATERBURY CHARLEYS: Taps Morrison-Tenenbaum as Bankruptcy Counsel
WEISS MULTI-STRATEGY: Taps Gama Gloria as Litigation Counsel
WELLPATH HOLDINGS: Ares Capital Marks $12.2MM Loan at 21% Off

WELLPATH HOLDINGS: Ares Capital Marks $6.2MM Loan at 21% Off
WILLIAMSBRIDGE-3067 REALTY: Taps Petroff Amshen as Legal Counsel
WINDSTREAM HOLDINGS: Uniti Group Buys Company for $1 Billion
WINWOOD-HOMOSASSA 2: Voluntary Chapter 11 Case Summary
WINWOOD-HOMOSASSA 3: Voluntary Chapter 11 Case Summary

WISA TECHNOLOGIES: Posts $2.71 Million Net Income in First Quarter
WORKHORSE GROUP: Incurs $29.2 Million Net Loss in First Quarter
XTI AEROSPACE: Reports $2.66 Million Net Loss in First Quarter
YELLOW CORP: Michelin North America Steps Down as Committee Member
[*] Bankruptcy Filings Up 16% for 12 Months Ending March 31

[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

1001 WL LLC: Condominium Sale Proceeds to Fund Plan
---------------------------------------------------
1001 WL LLC filed with the U.S. Bankruptcy Court for the Western
District of Texas a Disclosure Statement for the Plan of
Reorganization dated May 6, 2024.

The Debtor is a New York limited liability company. It was formed
on November 13, 2017 for the purpose of purchasing and developing
real estate located at 1001 West Loop South, Houston, TX 77027. The
company is owned by Ali Choudhri, an entrepreneur and investor
based out of Houston, Texas.

The Debtor's Plan is premised on converting the building to medical
and office condominium units which can be sold to pay off all
creditors in the case. The Debtor believes that the necessary
documents to establish a medical and office condominium regime can
be drafted for $30,000. This will be a legal conversion rather than
a physical conversion.

In addition to pursuing the condominium conversion, the Debtor will
enter a long-term lease/easement of its roof space to AJO
Operating, LLC for a payment of $1.4 million. The Debtor will also
pursue its arbitration claims against Sonder USA, Inc. and a suit
against Sonder Canada, Inc. on a guaranty claim and will pursue
rentals owed by Xavier Academy.

The Debtor owns real property located at 1001 West Loop South. The
property has been appraised at $23,400,000.00 by Integra Realty
Associates. The Debtor is obtaining its own appraisal. However,
Debtor believes that the property would be worth $94-$117 million
if converted to medical and office condominium use.

The plan proposes to convert the Debtor's building to a medical and
office condominium regime and pay all creditors within ten months.

Class 7 shall consist of Allowed Claims of Unsecured Creditors.
Unsecured Creditors will receive payment of the amount of their
Allowed Claims within 90 days after the Condominium Sale Date. Only
creditors with Allowed Claims will receive payment. Class 7 is
impaired.

The Class 8 Equity Interests shall be retained and preserved
subject to payment of the claims under the plan. Class 8 is not
impaired.

The feasibility of the Plan depends on the Debtor's ability to
execute its plan to convert the property to condominium units. The
Debtor believes that its business plan is sound and multiple
tenants have expressed an interest in purchasing units. However, if
there is insufficient interest to make the minimum sales necessary
to fund the plan, the plan will not succeed.

A full-text copy of the Disclosure Statement dated May 6, 2024 is
available at https://urlcurt.com/u?l=DPe55A from PacerMonitor.com
at no charge.

Attorneys for the Debtor:

     Stephen W. Sather, Esq.
     Barron & Newburger PC
     7320 N. MoPac Expy., Ste. 400
     Austin, TX 78731
     Telephone: (512) 476-9103
     Facsimile: (512) 279-0310
     Email: ssather@bn-lawyers.com

                       About 1001 WL LLC

1001 WL, LLC was formed on November 13, 2017 for the purpose of
purchasing and developing real estate located at 1001 West Loop
South, Houston, TX 77027.

The Debtor filed its voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-10119) on Feb.
6, 2024. In the petition signed by Drew Dennett, authorized
signatory, the Debtor disclosed up to $50 million in both assets
and liabilities.

Judge Shad Robinson oversees the case.

Stephen W. Sather, Esq., at Barron & Newburger PC represents the
Debtor as counsel.


130 BOWERY: Secured Noteholder Proposes Plan
--------------------------------------------
Wells Fargo Bank, National Association, as Trustee for the Benefit
of the Registered Holders of CCUBS Commercial Mortgage Trust
2017-C1, Commercial Mortgage Pass-Through Certificates, Series
2017-C1 (the "Secured Noteholder"), a secured creditor in this
Chapter 11 case, filed a Chapter 11 Plan and a Disclosure Statement
for debtor 130 Bowery Acquisition, LLC.

The Plan provides for the marketing and sale of the Property within
120 days after entry of an order of the Court confirming the Plan
unless extended for a period of up to an additional 90 days by the
Secured Noteholder in writing. During the marketing period and
extended marketing period, the Plan Administrator may enter into a
contract on behalf of the Debtor for the sale of the sale assets,
subject to higher and better offers. If the Plan Administrator does
not enter into a contract for the sale of the sale assets during
the marketing period or extended marketing period, then either the
Plan Administrator or Secured Noteholder will file a motion with
the Court seeking entry of an order establishing the procedures for
an auction sale of the sale assets to occur no later than 30 days
after entry of an order of the Court approving the auction and bid
procedures. The proceeds of the sale will be distributed to
creditors pursuant to their relative priorities under the
Bankruptcy Code and applicable state law, except to the extent
there are insufficient sale proceeds to pay Administrative Claims,
Priority Claims and General Unsecured Claims, in which case the
Secured Noteholder has agreed to fund certain reserves to ensure:
(i) the payment of Administrative Claims and Priority Claims in
full; and (ii) a distribution to holders of Allowed General
Unsecured Claims against the Debtor.

The Class 4 Claims consist of the Allowed General Unsecured Claims
against the Debtor. The Class 4 Claims are impaired. The Debtor
estimates that the amount of the Class 4 Claims, not including the
estimated deficiency claims of the Secured Noteholder is
approximately $500. It is estimated that the holders of Class 4
Claims will receive an approximately 100% distribution on pro rata
basis under the Plan.

Attorneys for the Secured Noteholder:

     Bruce J. Zabarauskas, Esq.
     HOLLAND & KNIGHT LLP
     787 Seventh Avenue. 31st Floor
     New York, NY 10019
     Tel: (212) 751-3001
     E-mail:bruce.zabarauskas@hklaw.com

A copy of the Disclosure Statement dated May 1, 2024, is available
at https://tinyurl.ph/JAucY from PacerMonitor.com.

                  About 130 Bowery Acquisition

130 Bowery Acquisition LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
22-11109) on August 12, 2022, with up to $50,000 in both assets and
liabilities.

Judge John P Mastando III presides over the case.

Dawn Kirby, Esq., at Kirby Aisner & Curley, LLP and The Law Offices
of Fred L. Seeman represent the Debtor as bankruptcy counsel and
special litigation counsel, respectively.


58 DOBBIN: Seeks to Hire Allen A. Kolber, PC as Legal Counsel
-------------------------------------------------------------
58 Dobbin LLC seeks approval from the U.S. Bankruptcy Court for the
Eastern District of New York to hire the Law Offices of Allen A.
Kolber, PC as its counsel.

The firm will render these services:

     (a) protect and preserve the Debtor's estate;

     (b) prepare legal papers;

     (c) negotiate and prepare Chapter 11 plan, disclosure
statement, and all related documents on behalf of the Debtor;

     (d) represent the Debtor in connection with any sales, leases,
or other uses of property of the estate and all other legal issues
in connection therewith; and

     (e) perform all other necessary legal services in connection
with this Chapter 11 case.

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

     Counsel     $550
     Paralegal   $195

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

The firm received a retainer fee in the amount of $25,000 from
Henrick Weiss, sole member of 58 Dobbin LLC .

Allen Kolber, 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:

     Allen A. Kolber, Esq.
     LAW OFFICES OF ALLEN A. KOLBER, PC
     134 Rt. 59, Suite A
     Suffern, NY 10901
     Telephone: (845) 918-1277

             About 58 Dobbin LLC

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

58 Dobbin LLC filed its voluntary petition for relief under Chapter
11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No. 24-41110) on
March 13, 2024, listing up to $50,000 in assets and $1 million to
$10 million in liabilities. The petition was signed by Henrick
Weiss as sole member.

Judge Jil Mazer-Marino presides over the case.

Allen A. Kolber, Esq. at The Law Offices of Allen A. Kolber, P.C.
represents the Debtor as counsel.


751 ST. NICHOLAS: Unsecureds Get 50% or 10% Yearly Until Fully Paid
-------------------------------------------------------------------
751 ST. Nicholas Avenue Realty Corp., submitted a Second Amended
Plan of Reorganization, dated May 1, 2024.

The Plan proposes to sell the real property located at 767 Beck
Street, Bronx, New York (in which the Debtor holds a 65% interest)
(the "Beck Street Property") and use the proceeds to pay, on a
waterfall basis, (1) after payment of the closing costs and
expenses, the allowed Beck Street Mortgage, including any allowed
real estate taxes and other liens, (2) the Chapter 11
administrative expenses (3) allowed real estate taxes and water and
sewer charges due with respect to the Debtor's other two (2)
properties located 751 St. Nicholas Avenue, New York, New York (the
"Real Property") and 109-29 Liverpool, Jamaica, New York (the
"Liverpool Property"), and (4) the balance to be paid to the
allowed joint mortgage claims held by Sanzo et. al. (the
"Mortgagee") holding a first mortgage on the Debtor's Real Property
and the Liverpool Property plus the payment, (i) of $7,500 per
month, in cash collateral payments, from March 1, 2024 up until the
Effective Date, and (ii) commencing on the Effective Date, $7,500
per month, on the balance of the allowed mortgage loan, accruing
interest at the rate of 7.75% per annum, and becoming due 3 years
from the Effective Date in a balloon installment payment (the
"Balloon Installment Date"). In the event payment is not made in
full on Balloon Installment Date the Debtor will sell or refinance
the Liverpool Property to pay the balance of the allowed mortgage
claim after crediting the above payment in full.

Under the Plan, Class 5 consists of Unsecured Claims and are
impaired. The Debtor believes there are no unsecured creditors to
the extent there are unsecured creditors such creditor will be
paid, at their election, to be made before Confirmation, an amount
equal to 50% of their allowed unsecured claim on the Effective Date
or 100% of their claims by payment of 1/10 of their claims each
year for 10 years.  

The Plan provides that the Beck Street Property sale proceeds will
be used to pay the allowed claim of the Mortgagee, creditors and
administrative expenses, including Debtor's counsel and Debtor's
counsel as Real Estate Counsel.

Attorney for the Debtor:

     Leo Fox, Esq.
     630 Third Avenue – 18th Floor
     New York, NY 10017
     Tel: (212) 867-9595
     E-mail:leo@leofoxlaw.com

A copy of the Plan of Reorganization dated May 1, 2024, is
available at https://tinyurl.ph/ZGTDu from PacerMonitor.com.

             About 751 St. Nicholas Avenue Realty

751 St. Nicholas Avenue Realty Corp. is a New York-based company
primarily engaged in renting and leasing real estate properties.
The Debtor owns (a) a mixed-use property consisting of seven
residential units and one commercial unit at 751 St. Nicholas
Avenue, New York, New York 10031, (b) a three-family property
located at 109-29 Liverpool Street, Jamaica, New York, and (c) a
65% ownership interest in a two-family property located at 767 Beck
Street, Bronx, New York.

751 St. Nicholas filed a Chapter 11 petition (Bankr. S.D.N.Y. Case
No. 23-11688) on Oct. 23, 2023, with $1 million to $10 million in
both assets and liabilities. David Hill, president, signed the
petition.

Judge David S. Jones presides over the case.

Leo Fox, Esq., is the Debtor's legal counsel.


80 WEST WASHINGTON: No Funds Available for Unsecured Claims
-----------------------------------------------------------
80 West Washington Place Real Estate Holdings, LLC, submitted an
Amended Disclosure Statement.

All of the assets of the Debtor will be distributed, and the Debtor
will cease business. The Debtor owns the town house located at 80
West Washington Place, New York, New York. The Debtor filed for
bankruptcy because the Property was about to be sold in a
foreclosure sale by Emigrant Bank, N.A. Debtor, through the real
estate brokerage firm Serhant, LLC, identified a qualified
purchaser for the Property that it believes has offered the highest
and best offer for the Property after twelve years of marketing.
Debtor filed a sale motion to sell the property for $17,000,000
free and clear of all liens and encumbrances. The Sale was approved
by the Bankruptcy Court on April 16, 2024. Any distributions made
by the Debtor other than payment to Emigrant are only allowed as a
carve out pursuant to the Stipulation and Sale Order.

Under the Plan, Class 3-Unsecured Claims are impaired. There will
be no funds to pay any Unsecured Claims.

Attorneys for the Debtor:

     H. Bruce Bronson, Esq.
     BRONSON LAW OFFFICES, P.C.
     480 Mamaroneck Ave.
     Harrison, NY 10528
     Tel: (914) 269-2530
     Fax: (888) 908-6906
     E-mail: hbbronson@bronsonlaw.net

A copy of the Disclosure Statement dated May 1, 2024, is available
at https://tinyurl.ph/GnmiW from PacerMonitor.com.

                  About 80 West Washington Place
                        Real Estate Holdings

80 West Washington Place Real Estate Holdings, LLC is a single
asset real estate (as defined in 11 U.S.C. Section 101(51B)). It is
the owner of real property located at 80 West Washington Place, New
York, N.Y., valued at $17 million.

The Debtor filed Chapter 11 petition (Bankr. S.D.N.Y. Case No.
24-10217) on Feb. 11, 2024, with $17,000,000 in assets and
$26,058,735 in liabilities. William Rainero, managing member,
signed the petition.

Judge John P. Mastando III presides over the case.

H. Bruce Bronson, Esq., at Bronson Law Offices, PC represents the
Debtor as bankruptcy counsel.


84 LUMBER: S&P Upgrades ICR to 'BB' on Sustained Low Leverage
-------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on building
materials distributor 84 Lumber Co. to 'BB' from 'BB-'.

S&P said, "At the same time, we assigned our 'BB' issue-level
rating to the company's repriced $449 million term loan due 2030
with a '3' recovery rating. The '3' recovery rating indicates our
expectation for average (30%-50%; rounded estimate: 55%) recovery
in the event of payment default.

"The stable outlook indicates our belief that the company could
sustain S&P Global Ratings-adjusted leverage under 2x, even amid
less-favorable business conditions.

"We expect leverage will remain between 1.0x-1.5x for the next 12
months. 84 Lumber Co. delivered strong operating performance in
fiscal year 2023 (ended December 31, 2023) supported by healthy
cash flow generation, limited capital expenditures, and prudent
debt management." Strong operating performance offset lower sales
which decreased mid-20% compared to fiscal 2022, due to falling
lumber prices and a decrease in volumes exacerbated by slow demand
in residential housing end markets. The company also decreased its
selling, general and administrative (SG&A) expense by 24% compared
to fiscal 2022. These cost savings minimized the commodity price
and volume impact to the company's EBITDA, and thus led to EBITDA
margins above our expectation of 8% in fiscal 2023.

"The company also continues to practice prudent debt management.
The company ended fiscal 2023 with no outstanding borrowings on its
asset-based lending (ABL) facility. As of March 31, 2024, 84
Lumber's rolling 12 months' (RTM) S&P Global Ratings-adjusted debt
to EBITDA was 1.1x, near the lower end of our expected range.
Furthermore, we do not expect 84 Lumber to undertake a large
debt-financed acquisition within the next year or so. We believe
healthy cash flow generation, limited capital expenditures, and
prudent debt management will support credit metrics. Thus, we
believe that 84 Lumber's leverage will remain in the 1.0x-1.5x
range for the next 12 months.

"We expect 84 Lumber's S&P Global Ratings-adjusted EBITDA margins
will remain above 8%. In fiscal 2023, 84 Lumber Co. delivered solid
S&P Global Ratings-adjusted EBITDA margins above 10% despite tepid
macroeconomic conditions in the company's primary end market of new
residential construction and falling commodity prices. We believe
the same macroeconomic and pricing dynamics will persist through
the first half of 2024 and may possibly extend through the second
half of 2024. Coupled with the downward trend of lumber commodity
pricing, we estimate that the company's S&P Global Ratings-adjusted
EBITDA margin will decrease 10%-20% in 2024 compared to its 2023
level. Despite this, we believe the company will maintain EBITDA
margins above our expectation of 8%. We expect a 100-200 basis
points EBITDA margin percentage improvement in 2025 because we
believe macroeconomic conditions in new residential construction
will rebound.

"The company's financial policy is a key credit consideration
because earnings and cash flow remain highly correlated to housing
cycles. We recognize 84 Lumber derives most of its revenue from the
U.S. new construction market and a majority of its business is tied
to wood-based commodities. We believe this strong correlation to
cyclical housing markets and commodities makes it prone to
year-over-year earnings and cash flow fluctuations. We also note
the company's proclivity for discretionary dividend distributions
to ownership. Therefore, we would expect 84 Lumber to remain
prudent and adjust its financial policy decisions such that its S&P
Global Ratings-adjusted leverage remains under 2x through most
market conditions.

"The stable outlook reflects our view that 84 Lumber Co. will
continue to generate steady revenue and cash flows such that its
debt to EBITDA remains below 2x, even amid less than favorable
business conditions.

"We could lower the ratings on 84 Lumber if S&P Global
Ratings-adjusted debt to EBITDA rises above 3x, perhaps as a result
of a more aggressive financial policy that includes debt-financed
acquisitions, a larger than normal dividend distribution, or a
severe market downturn.

"We view an upgrade as unlikely over the next 12 months given the
company's exposure to volatile-priced commodities, and the limited
scale, scope and diversity of 84 Lumber Co.'s business."

An upgrade would depend on the company significantly expanding its
size such that it is more in line with larger peers, and a
commitment to sustained leverage well under 1.5x through most
business cycles.



ADVANCED CARE: Case Summary & Five Unsecured Creditors
------------------------------------------------------
Debtor: Advanced Care Hospitalists, PL
        4315 Highland Park Boulevard
        Suite A
        Lakeland, FL 33813

Business Description: The Debtor is a medical group practice
                      located in Lakeland, FL.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       Middle District of Florida

Case No.: 24-02899

Judge: Hon. Catherine Peek Mcewen

Debtor's Counsel: David S. Jennis, Esq.
                  DAVID JENNIS, PA
                  D/B/A JENNIS MORSE
                  606 East Madison Street
                  Tampa, FL 33602
                  Tel: (813) 229-2800
                  Email: ecf@JennisLaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Gulab Sher, M.D., President/Managing
Member.

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

https://www.pacermonitor.com/view/CBONOWI/Advanced_Care_Hospitalists_PL__flmbke-24-02899__0001.0.pdf?mcid=tGE4TAMA


AERO OPERATING: Ares Capital Marks $36.2MM Loan at 15% Off
----------------------------------------------------------
Ares Capital Corporation  has marked its $36.2 million loan
extended to Aero Operating LLC to market at $30.8 million or 85% of
the outstanding amount, as of March 31, 2024, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Aero Operating LLC. The loan accrues interest at a rate of
14.45% (SOFR (Q) +9%) per annum. The loan matures in February
2026.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Aero Operating LLC is a Provider of snow removal and melting
service for airports and marine terminals. 



AGREGADOS FURIA: Case Summary & 10 Unsecured Creditors
------------------------------------------------------
Debtor: Agregados Furia Inc.
        Carr 140 KM 65.8
        Bo. Florida Afuera
        Barceloneta, PR 00617

Business Description: The Debtor is in the business of non-
                      metallic mineral mining and quarrying.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       District of Puerto Rico

Case No.: 24-02130

Debtor's Counsel: Amarys V. Bolorin Solivan, Esq.
                  LUGO MENDER GROUP, LLC
                  100 Carr 165 Suite 501
                  Guaynabo, PR 00968-8052
                  Tel: (787) 707-0404
                  Fax: (787) 707-0412
                  E-mail: a.bolorin@lugomender.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Carmen L. Alvarado Torres as authorized
representative.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 10 unsecured creditors is availablefor free at
PacerMonitor.com at:

https://www.pacermonitor.com/view/RMSB3QQ/AGREGADOS_FURIA_INC__prbke-24-02130__0001.0.pdf?mcid=tGE4TAMA


ALLEGIANT TRAVEL: S&P Alters Outlook to Negative, Affirms 'BB-' ICR
-------------------------------------------------------------------
S&P Global Ratings revised its outlook on Allegiant Travel Co. to
negative from stable and affirmed its 'B+' issuer credit rating.
S&P also affirmed its 'BB-' issue-level rating on the company's
senior secured debt.

S&P said, "The negative outlook reflects our expectation that
Allegiant's credit metrics will remain pressured through 2024 due
to a weaker top line from lower utilization and capacity
constraints as well as elevated operating expenses.

"We believe Allegiant's operating performance will be constrained
by various headwinds through 2024, with minimal top-line growth and
margin compression resulting in FFO to debt of about 10%, below our
downside trigger of 12%. We expect top line in 2024 to be affected
by labor shortages in the first half of the year, lower ancillary
revenues due to system integration issues, and Boeing aircraft
delivery delays that will result in reduced capacity. On the margin
side, we expect elevated expenses from higher labor costs, moderate
dilution from Sunseeker, and lower-than-projected margin benefits
due to fewer new aircrafts delivered this year."

Over the past few years, smaller airlines such as Allegiant have
faced high pilot attrition and staffing issues as larger network
airlines ramped up hiring, resulting in lower aircraft utilization
and higher-than-expected irregular operating costs. Allegiant
reached agreements with its labor force over the past 12 months,
which we believe will pave the way back toward peak utilization in
line with pre-COVID-19 levels. Last June, the company began
accruing bonus payables to pilots, and at the end of this March
quarter, it signed a new five-year agreement with the union
representing its flight attendants. While the company is just now
starting to realize the benefits from more normalized scheduling,
wage increases in the new agreements have had an immediate impact
on the company's metrics.

Allegiant's operations were also affected by its move to a new
reservations and revenue management system (Navitaire) late last
year, which has proven to be more complicated than expected and has
hindered bookings of its ancillary revenues (e.g., baggage fees and
advance seat selections). While S&P views this as a temporary
setback and expect the company to work through the integration over
the next few quarters, ancillary revenues are high margin and
represent a larger-than-usual proportion of the business compared
with other airlines, so an extended period of migration issues will
have a considerable impact on its overall performance.

S&P said, "In addition, we expect the Sunseeker Resort, which
opened in December, to be a drag on profitability at least in the
first year of operation. The company lowered guidance for 2024 by a
considerable amount, with revenue per available room (RevPAR) down
about 30% to $144 from reductions in both occupancy rate and
average daily rate. While it has incurred the majority of capital
spending ($320 million in 2023), we expect it will take some time
to work through excess room capacity while managing the cost
structure in a scalable manner."

A significant reduction in Allegiant's 2024 capital expenditure
(capex) due to Boeing aircraft delays will temporarily alleviate
the balance sheet through lower debt issuance, but the resulting
capacity reduction and potential further delays into 2025 could
materially limit metric improvements. In January 2022, Allegiant
announced an agreement with Boeing to purchase 50 new aircraft, to
be delivered from 2023 through 2025. Since then, there have been
numerous delays from Boeing, and the company now expects to receive
six new aircraft in 2024, versus 12 expected back in February. S&P
said, "Our previous base case assumed $800 million-$1 billion in
capex in 2024, which we expected Allegiant to fund through a mix of
debt and cash generation. We now expect full-year consolidated
capex to be about $500 million, which in turn considerably lowers
our assumption for debt issuances this year. Nevertheless, we view
the reduced capacity projection, while Allegiant continues to incur
expenses to hire and train pilots, configure networks and
infrastructure in preparation for the new fleet, as more than
offsetting the revised lower expected debt levels."

S&P said, "We note that in addition to increased capacity, the new
aircrafts are expected to support margin expansion through greater
fuel efficiency and more premium, higher-margin seats (Allegiant
Extra, Legroom Plus), so the delivery of these aircrafts plays an
important role in performance upside. We also note that despite
lower capital spending, free cash flow generation remains negative
at about $170 million expected for 2024 and materially
deteriorating further in 2025 based on current assumptions around
delivery timing.

"In combination with aforementioned headwinds, we now project
low-single-digit top-line growth coupled with a nearly 200 basis
point year-over-year decline in EBITDA margins to result in FFO to
debt about 10%, versus our previous forecast in the mid-teens
percentage and below our downside trigger of 12%. We expect the
company to work through these challenges over the next few quarters
and restore capacity and utilization such that FFO to debt recovers
to about 14% in 2025. However, we note that our base case for
improvement in 2025 hinges on numerous positive developments,
including eventual delivery of the MAX aircraft, resilient travel
demand, and successful and timely integration of Navitaire.

"Our affirmation of Allegiant's rating reflects its sizable
liquidity and niche operating model. While we do not net against
debt, Allegiant had $810 million of cash on the balance sheet as of
March 31, 2024, with an additional $275 million in revolver
availability. Our expectation for improvement in 2025 is supported
by Allegiant's differentiated business model--the company continues
to face minimal direct competition in its routes, benefits from a
greater mix of high-margin ancillary revenues, and has low
distribution, marketing, and airport costs.

"The negative outlook on Allegiant reflects our expectation that
its credit metrics will be pressured over the next 12 months due to
various operational headwinds including weak aircraft utilization,
Boeing delivery delays, and implementation of a new reservations
and revenue system. We currently forecast FFO to debt to decline to
the 10% area in 2024 before improving to about 14% in 2025. We
continue to expect negative free cash flow generation through 2025
due to high capital spending."

S&P could lower its ratings on Allegiant over the next 12 months if
we expect FFO to debt will remain below 12% on a sustained basis.
This could occur if:

-- The company cannot increase utilization during peak demand
periods due to persistent labor or system constraints;

-- The company cannot generate sufficient cash flow to support its
high capital spending plan for the new fleet and takes on
significant incremental debt and interest expense; or

-- External factors such as oil prices pressure the company's
operations on a sustained basis.

S&P could revise its outlook on Allegiant to stable if S&P
anticipates the company's operating performance will improve such
that it expects FFO to debt to remain above 12% on a sustained
basis.



ALTICE USA: Works With Moelis & Co. to Manage Debt
--------------------------------------------------
Reshmi Basu, Eliza Ronalds-Hannon and Irene García Pérez of
Bloomberg News report that Altice USA is evaluating options for its
debt load with the help of Moelis & Co., according to people with
knowledge of the matter, who asked not to be identified discussing
the private arrangement.

The US unit of billionaire Patrick Drahi's telecommunications
company has a debt pile totaling some $25 billion on a consolidated
basis, company filings show. It isn't facing any significant
near-term maturities.

                       About Altice USA Inc.

Altice is an American cable television provider.







AMBRI INC: U.S. Trustee Appoints Creditors' Committee
-----------------------------------------------------
The Office of the U.S. Trustee for Regions 3 and 9 appointed an
official committee to represent unsecured creditors in the Chapter
11 case of Ambri Inc.

The committee members are:

     1. CSC Leasing Co.
        Attn: Will Forston
        6802 Paragon Place, Suite 350
        Richmond, VA 23230
        Phone (804) 673-1000
        Email: wforston@cscleasing.com

     2. J. Calnan & Assoc.
        Attn: Michael Crowther
        3 Batterymarch Park
        Quincy, MA 02169
        Phone: (617) 792-7928
        Email: mcrowther@jcalnan.com

     3. Quarry Street Owner, LLC
        Attn: Brandon Kelly
        55 Cambridge Street
        Burlington, MA 01803
        Phone: (781) 365-2400
        Email: brandon@rjkellycompany.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 Ambri Inc.

Ambri Inc. specializes in the development of an advanced energy
storage solution through its patented "Liquid MetalTM battery"
technology. Ambri is a pre-revenue Liquid MetalTM battery
technology company working to become a leading global provider of
long-duration, grid-scale, energy storage that can solve the most
critical issues facing today's electricity grid and enable
wide-spread adoption of intermittent renewable energy as a 24-7
power source. The company is developing batteries that are expected
to be low-cost, highly reliable, extremely safe, degrade only
minimally over their lifespan, and can shift fundamentally how
power grids operate and source their power, thereby contributing to
the goal of a cleaner energy future.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 24-10952) on May 5, 2024,
with $50 million to $100 million in assets and liabilities. Nora
Murphy, chief financial officer, signed the petition.

Judge Laurie Selber Silverstein presides over the case.

The Debtor tapped POTTER ANDERSON COROON LLP as counsel and GOODWIN
PROCTER LLP as co-bankruptcy counsel.


AOA REALTY: Seeks to Hire Davidoff Hutcher & Citron as Attorney
---------------------------------------------------------------
AOA Realty LLC seeks approval from the U.S. Bankruptcy Court for
the Eastern District of New York to hire Davidoff Hutcher & Citron
LLP as its attorneys.

The firm will provide these services:

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

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

     (c) prepare legal papers;

     (d) appear before the Bankruptcy Court to protect the interest
of the Debtor and to represent it in all matters pending before the
court;

     (e) attend meetings and negotiate with representatives of
creditors and other parties in interest;

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

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

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

     (i) perform all other legal services for the Debtor which may
be necessary for the preservation of its estate and to promote its
best interests, its creditors, and the estate.

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

    Attorneys         $475 - $825
    Paraprofessionals $195 - $275

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

Prior to the petition date, Sterling Home LLC paid a $22,500
retainer for services to be rendered in the Chapter 11 Case.

Jonathan Pasternak, Esq., an attorney at Davidoff Hutcher & Citron,
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 through:

     Jonathan S. Pasternak, Esq.
     Davidoff Hutcher & Citron LLP
     120 Bloomingdale Road, Suite 100
     White Plains, NY 10605
     Telephone: (914) 381-7400
     Email: jsp@dhclegal.com

              About AOA Realty LLC

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

AOA Realty LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
24-41687) as April 19, 2024, listing $1 million to $10 million in
both assets and liabilities. The petition was signed by Mitchell
Steiman as manager.

Judge Nancy Hershey Lord presides over the case.

Jonathan S Pasternak, Esq. at Davidoff Hutcher & Citron LLP
represents the Debtor as counsel.


APPGATE INC: Unsecureds Will Get 100% of Claims in Prepackaged Plan
-------------------------------------------------------------------
Appgate, Inc. and its Debtor Subsidiaries filed with the U.S.
Bankruptcy Court for the District of Delaware a Disclosure
Statement relating to Joint Prepackaged Plan of Reorganization
dated May 6, 2024.

Appgate files these Chapter 11 Cases to implement a comprehensive
financial restructuring that will support and amplify the
significant operational improvements the Company has effectuated
over the last year.

Founded in December 2019 as a result of a spin-off from its legacy
parent Cyxtera Technologies, Inc., Appgate is an industry leader in
secure network access, providing an innovative suite of
cybersecurity solutions and advisory services to more than 660
leading private enterprises and government agencies around the
world.

The Company, with the assistance of its Advisors, worked around the
clock with the Consenting Stakeholders to negotiate and document
the RSA and obtain a commitment on financing necessary to continue
to fund operations prior to the filing of these Chapter 11 Cases.

On May 3, 2024, after good faith, arms'-length negotiations with
the Prepetition Secured Lenders, the Debtors reached an agreement
with the 1L Convertible Noteholders holding 100% of the outstanding
1L Convertible Notes Claims, the 2L Convertible Noteholders holding
100% of the outstanding 2L Convertible Notes Claims, the 3L RCF
Lender holding 100% of the outstanding 3L RCF Claims, and the
Consenting Equity holders holding approximately 89% of outstanding
Equity Interests on the terms of the RSA.

On or about May 6, 2024, the Debtors will file the Plan, which
reflects a fully consensual deal with all Prepetition Secured
Lenders and a majority of the Company's equity holders. The Plan,
among other things, leaves all general unsecured creditors
unimpaired, encompassing all trade, customer, employee, vendor, and
suppliers across the entire enterprise, on the terms set forth in
the RSA.

Accordingly, and with the support of 100% of Holders of 1L
Convertible Notes Claims, 100% of Holders of 2L Convertible Notes
Claims, 100% of Holders of 3L RCF Claims, and approximately 89% of
the Company’s outstanding Equity Interests, the Debtors will file
a Plan that allows all vendors, employees, and trade partners to
recover in full, which will allow the Debtors to minimize
disruptions to their go-forward operations while simultaneously
effectuating a value-maximizing transaction through a prepackaged
chapter 11 process. Accordingly, the Debtors expect to continue
operating in the ordinary course of business throughout the court
supervised process and remain focused on serving their clients
globally.

Class 6 consists of General Unsecured Claims. Each Holder of an
Allowed General Unsecured Claim shall receive, in full and final
satisfaction of such General Unsecured Claim, either: (a)
Reinstatement of such Allowed General Unsecured Claim pursuant to
section 1124 of the Bankruptcy Code; or (b) payment in full in Cash
on (i) the Effective Date or (ii) the date due in the ordinary
course of business in accordance with the terms and conditions of
the particular transaction giving rise to such Allowed General
Unsecured Claim. The allowed unsecured claims total $2,338,683.
This Class will receive a distribution of 100% of their allowed
claims.

On the Effective Date, all Equity Interests in Appgate shall be
discharged, cancelled, released, and extinguished under the Plan,
and each Holder of an existing Equity Interest in Appgate shall not
receive or retain any distribution, property, or other value under
the Plan on account of such existing Equity Interests in Appgate.

The Debtors and the Reorganized Debtors, as applicable, shall fund
distributions under the Plan with (a) Cash on hand as of the
Effective Date, including the proceeds from the DIP Facility, and
(b) the New Equity Interests. Each distribution and issuance
referred to the Plan shall be governed by the terms and conditions
set forth in the Plan applicable to such distribution or issuance
and by the terms and conditions of the instruments or other
documents evidencing or relating to such distribution or issuance,
which terms and conditions shall bind each Entity receiving such
distribution or issuance. The issuance, distribution, or
authorization, as applicable, of certain Securities in connection
with the Plan, including the New Equity Interests, will be exempt
from SEC registration.

A full-text copy of the Disclosure Statement dated May 6, 2024 is
available at https://urlcurt.com/u?l=Lt0q7R from PacerMonitor.com
at no charge.

Proposed Co-Counsel to the Debtors:            

           Edward O. Sassower, P.C.
           Christopher Marcus, P.C.
           Derek I. Hunter, Esq.
           KIRKLAND & ELLIS LLP
           KIRKLAND & ELLIS INTERNATIONAL LLP
           601 Lexington Avenue
           New York, New York 10022
           Tel: (212) 446-4800
           Fax: (212) 446-4900
           E-mail: edward.sassower@kirkland.com
                   christopher.marcus@kirkland.com
                   derek.hunter@kirkland.com

Proposed Co-Counsel to the Debtors:            

           Patrick J. Reilley, Esq.
           Stacy L. Newman, Esq.
           Jack M. Dougherty, Esq.
           Michael E. Fitzpatrick, Esq.
           COLE SCHOTZ P.C.
           500 Delaware Avenue, Suite 1410
           Wilmington, Delaware 19801
           Tel: (302) 652-3131
           Fax: (302) 652-3117
           E-mail: preilley@coleschotz.com
                   snewman@coleschotz.com
                   jdougherty@coleschotz.com
                   mfitzpatrick@coleschotz.com

                        About Appgate Inc

Appgate Inc and its affiliates sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. D. Del., Case No. 24-10956) on
May 6, 2024, with $100 million to $500 million in assets and $100
million to $500 million liabilities. Rene A. Rodriguez as chief
financial officer signed the petition.

Hon. Craig T. Goldblatt presides over the cases.

The Debtors tapped Kirkland & Ellis LLP as general bankruptcy
counsel and Cole Schotz P.C. as co-bankruptcy counsel. Triple P
Securities, LLC serves as investment banker to the Debtors; Triple
P RTS, LLC serves as financial advisor; and Donlin, Recano &
Company, Inc. as noticing and claims agent.


ARIAAZ LLC: Seeks to Hire Dickinson Wright PLLC as Special Counsel
------------------------------------------------------------------
ARIAAZ, LLC seeks approval from the U.S. Bankruptcy Court for the
District of New Jersey to employ Dickinson Wright, PLLC as its
special counsel.

The Debtor requires the services of attorneys in Arizona in
connection with the representation of the Debtor-in-Possession in
connection with its existing dispute and pending arbitration in
Arizona with Terra Madre, LLC, Triniti Ventures, LLC, The Greens
Arizona, LLC and Your Name Here, LLC. These parties obtained stay
relief to continue a prepetition arbitration proceeding.

The firm will be paid at these rates:

     J. Alex Grimsley       $700 per hour
     Other Members          $475 to $1380 per hour
     Associates             $355 to $455 per hour
     Paralegals             $245 to $295 per hour

The firm received an initial retainer payment in the amount of
$5,000, to be increased to a total of $40,000.

As disclosed in the court filings, Dickinson Wright is a
disinterested person under 11 U.S.C. Sec. 101(14), and does not
represent or hold any interest adverse to the debtor or the
estate.

The firm can be reached through:

     J. Alex Grimsley, Esq,
     Dickinson Wright, PLLC
     1850 North Central Avenue, Suite 1400
     Phoenix, AZ 85004
     Tel: (602) 285-5058
     Email: jagrimsley@dickinsonwright.com

               About ARIAAZ LLC

ARIAAZ, LLC filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. D.N.J. Case No. 23-20870) on Nov. 21, 2023.
In the petition signed by Joseph Novoseller, managing member, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Christine Gravel oversees the case.

Broege, Neumann, Fischer & Shaver, LLC represents the Debtor as
counsel.


ARNOLD TRANSPORTATION: Seeks Chapter 7 Bankruptcy Liquidation
-------------------------------------------------------------
Clarissa Haws of Freight Waves reports that a 92-year-old trucking
company, Arnold Transportation Services of Grand Prairie, Texas,
ceased operations recently and filed for Chapter 7 bankruptcy
liquidation.

Three affiliated companies -- Parker Global Enterprises, Parker
Transport Co. and DVP Holding Corp. -- also filed for Chapter 7
liquidation in the U.S. Bankruptcy Court for the District of
Delaware.

In February 2022, Arnold Transportation was acquired by Pride Group
Logistics, an affiliate of Pride Group Holdings of Mississauga,
Ontario, one of Canada's largest trucking and leasing companies.
Pride Group and its affiliates, including the four companies listed
above, filed for creditor protection on March 28 in Canada, citing
a capacity glut and low rates.

Pride Group stated in court filings that "Arnold has not been
profitable and therefore Pride Logistics has been funding Arnold
operations. Some of Arnold’s dispatchers are paid through Pride
Logistics payroll."

Arnold Transportation had 341 truck drivers and 402 power units at
the time of its closure, according to the Federal Motor Carrier
Safety Administration's SAFER website.

FreightWaves  reported in April that Pride Group owes creditors
more than $637 million, and was seeking bankruptcy protection amid
a capacity glut and low rates, according to President and CEO
Sulakhan "Sam" Johal. He founded the company with his brother
Jasvir Johal, vice president, in 2010.

In court filings, the company stated that it was profitable until
the pandemic, according to Sam Johal. Following the downturn across
the trucking industry after the pandemic, the family-owned company
was unable to pay its debts.

                           No warning

Former Arnold Transportation drivers reported being laid off
without warning on April 25 and stated that their medical benefits
were also canceled.

The company listed its assets as up to $10 million and its
liabilities as between $10 million and $50 million, according to
the petition filed Tuesday, April 30, 2024, in Delaware. The
petition states that it has up to 199 creditors and that funds will
be available for distribution to unsecured creditors. No creditors
were listed in Arnold Transportation's bare-bones petition.

Navraj Johal is listed as the sole director of the now-defunct
trucking firm, which had provided regional, dedicated and expedited
services since 1932, according to its website. Navraj Johal's
relationship to the Johal brothers was not immediately clear.

According to the Texas Workforce Commission website, Arnold
Transportation Services filed a Worker Adjustment and Retraining
Notification (WARN) Act Wednesday that it was laying off 157
workers, nearly a week after its closure. Companies with over 100
employees are required to give a 60-day notice of a planned
shutdown.

                   About Arnold Transportation

Arnold Transportation Services, Inc. provides transportation
services. The Company offers long haul, fleet conversion, day-cab,
sleeper truck, and logistics carrier services. Arnold
Transportation Services conducts its business throughout the United
States. [BN]

Arnold Transportation Services sought relief under Chapter 7 of the
U.S. Bankruptcy Code (Bankr. D. Del. Case No. 24-10928) on April
30, 2024. In its petition, the Debtor reports estimated assets
between $1 million and $10 million and estimated liabilities
between $10 million and $50 million.

The Debtor is represented by:

     Austin Park
     Morris Nichols Arsht And Tunnell





ARTICO COLD: Court OKs Cash Collateral Access Thru June 16
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized Artico Cold Storage Chicago LLC to use
cash collateral, on an interim basis, in accordance with the
budget, through June 16, 2024.

Wintrust Bank, N.A. asserts an interest in the Debtor's cash
collateral.

The Debtor stipulates that the Wintrust Prepetition Debt as of
March 18, 2024, is not less than approximately $1.9 million and
constitutes the legal, valid and binding obligation of the Debtor,
enforceable in accordance with the terms of the Wintrust Loan
Documents.

As adequate protection, the Lender is granted Replacement Liens and
security interests on the Debtor's property and assets, whether now
owned or hereafter acquired by the Debtor. The Adequate Protection
Liens will be in an amount equal to the Diminution Amount and will
be deemed properly perfected upon the entry of the Order without
the necessity of any physical delivery, recordation, or further
act.

To the extent the adequate protection of the interests of the
Lender in the Wintrust Prepetition Collateral granted proves
insufficient, the Lender will be granted a super-priority
administrative claim under 11 U.S.C. Sections 503(b), 507(a), and
507(b) for the amount by which the Adequate Protection Lien proves
inadequate. The 507(b) Claim will have priority over all other
costs and expenses of the kind specified in or ordered pursuant to
Sections 105, 326, 330, 331, 503(b), 506(c), 507(a), 507(b), or 726
of the Bankruptcy Code except for fees owed to the United States
Trustee pursuant to 28 U.S.C. Section 1930 or the fees and expenses
of the Clerk of the Court.

A continued hearing on the matter is set for June 12 at 1:15 p.m.

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

                 About Artico Cold Storage Chicago

Artico Cold Storage Chicago, LLC filed a petition under Chapter 11,
Subchapter V of the Bankruptcy Code (Bankr. N.D. Ill. Case No.
24-04371) on March 26, 2024, with $1 million to $10 million in both
assets and liabilities.

Judge Deborah L. Thorne presides over the case.

William J. Factor, Esq., represents the Debtor as legal counsel.


ARTIFICIAL INTELLIGENCE: Reports 505% Growth in Monthly Revenues
----------------------------------------------------------------
Artificial Intelligence Technology Solutions, Inc., announced that
its audited financial results for the fiscal year ended February
29, 2024, have been filed in an updated S-1 filed on May 9, 2024.
The Company highlights robust growth and operational success as
evidenced by Fiscal Year 2024 closing with a recurring monthly
revenue run rate of $283,624, marking an increase of over 500% from
the previous year's $56,802.

"Towards the end of the fiscal year we had over $500,000 in
recurring monthly revenue on the books and we were able to have
$283,624 of that producing revenue. There were 42 devices delivered
but not yet producing revenue at the end of the fiscal year plus
over 100 more devices contracted but not yet deployed. I expect Q1
FY2025 results to show a healthy increase towards the $500,000+
objective depending upon production, deployment, and client
acceptance," said Steve Reinharz, CEO of AITX and wholly owned
subsidiary Robotic Assistance Devices, Inc. (RAD). "I'm incredibly
proud of our team's sales and technical successes, organizational
improvements, and productivity improvements during that fiscal
year. FY2024 was an incredibly challenging year for us as we
navigated a challenging liquidity period while working to bring new
solutions such as RADDOG, RIO, and 4th Generation solutions to
market."

The Company's gross profit saw a substantial increase, reaching
$1,096,457 for FY2024, up 68% from $653,883 in FY2023. This growth
is attributed to increasing and enhanced operational efficiencies.
Notably, Q4 of FY2024 saw the deployment of 104 units, the largest
quarterly deployment to date, underscoring the demand for the
Company's innovative solutions. Furthermore, in fiscal year 2025
(started March 1, 2024), the Company will achieve production and
supply line efficiencies driven by improved solution designs,
production coordination and supply chain improvements.

"We are incredibly excited about the trajectory RAD is on as we
continue our pursuit of excellence in AI-driven security solutions
and the milestone we're eagerly anticipating -- becoming cash flow
positive this fiscal year," commented Mark Folmer, CPP, PSP, FSyI,
President of RAD. That's not just a financial indicator; it will be
a testament to the hard work of our dedicated team and the trust
our clients place in us. It propels us into a future where we
continue to lead and expand the possibilities of security
technology, enhancing safety and efficiency for businesses around
the globe."

RIO, introduced in FY2024, emerged as a standout product offering,
contributing $143,686 in RMR in the final month of the fiscal year
alone. This success highlights RAD's capability to continually
develop and introduce effective solutions that meet evolving market
needs.

Furthermore, AITX achieved significant reductions in R&D operations
expenses, which decreased from $3,625,468 in FY2023 to $2,878,134
in FY2024, even as the output increased with the creation of three
generations of RIO, significant advancements on RADDOG, ROSA
Generation 4, and AVA Generation 4.

As of May 7, 2024, AITX's team has grown to 97 full-time equivalent
members across the United States, Canada, and overseas, supporting
its expansion and innovation in security technology.

Looking ahead, AITX's management feels the prospects for FY2025 are
outstanding, with further details to be provided in the forthcoming
'Form 10-K' filing that is due by the end of May 2024.

RMR is money earned from customers who pay for a subscription to a
service or product. RAD's solutions are generally offered as a
recurring monthly subscription, typically with a minimum 12-month
subscription contract.

AITX, through its subsidiary, Robotic Assistance Devices, Inc.
(RAD), is redefining the $25 billion security and guarding services
industry through its broad lineup of innovative, AI-driven
Solutions-as-a-Service business model. RAD solutions are
specifically designed to provide cost savings to businesses of
between 35%-80% when compared to the industry's existing and costly
manned security guarding and monitoring model. RAD delivers these
tremendous cost savings via a suite of stationary and mobile
robotic solutions that complement, and at times, directly replace
the need for human personnel in environments better suited for
machines. All RAD technologies, AI-based analytics and software
platforms are developed in-house.

             About Artificial Intelligence Technology

Headquartered in Ferndale, Mich., Artificial Intelligence
Technology Solutions Inc. provides artificial intelligence-based
solutions. Through its next-generation robotic product offerings,
AITX's RAD, RAD-M and RAD-G companies help organizations streamline
operations, increase ROI, and strengthen business.

Deer Park, Ill.-based L J Soldinger Associates, LLC, the Company's
auditor since 2019, issued a "going concern" qualification in its
report dated June 14, 2023, citing that the Company had a net loss
of approximately $18 million, an accumulated deficit of
approximately $112 million and stockholders' deficit of
approximately $32 million as of and for the year ended February 28,
2023, and therefore there is substantial doubt about the ability of
the Company to continue as a going concern.


ASTRA INTERMEDIATE: Moody's Lowers PDR to 'D-PD', Outlook Stable
-----------------------------------------------------------------
Moody's Ratings affirmed Astra Intermediate Holding Corp.'s (dba
"Anthology" or "the company") Caa3 corporate family rating and
assigned Caa1 ratings to Astra Acquisition Corp.'s, a wholly-owned
subsidiary of Anthology and the borrower under the bank credit
facilities, new senior secured $140 million revolving credit
facility due February 2028 and senior secured first lien $410
million ($270 million new money and $140 million purchased) tranche
A term loan due February 2028. Concurrently, Moody's assigned C
ratings to the company's new senior secured first lien $615.4
million tranche B term loan due October 2028 and senior secured
first lien $37.5 million tranche C term loan due October 2029. The
existing Caa1 ratings on the existing first lien credit facility
(revolver and term loan) were downgraded to Ca and will be
withdrawn. In addition, Moody's downgraded Anthology's probability
of default rating to D-PD from Caa3-PD to reflect Moody's view that
the amendment to the credit agreement and loan repurchases at a
discount to par as a distressed exchange, which is a default under
Moody's definition. Moody's will upgrade Anthology's PDR to Caa3-PD
in three business days. The outlook is stable.

The rating action follows the debt restructuring transaction where
Anthology amended its credit agreement and exchanged all of its
outstanding senior secured first lien term loan due October 2028
and a portion of its senior secured second lien term loan due
October 2029, at a discount to par, for several tranches of secured
debt. Anthology also raised a new senior secured $270 million
tranche A term loan (including approximately $20 million of tack-on
backstop fees) to repay all of the outstanding borrowings under the
existing revolving credit facility, put cash on the balance sheet
and pay related fees and expenses.

The amended credit agreement, executed on April 19, 2024, contains
key features including an extension of the revolving credit
facility to February 2028 from October 2026, a restructuring of the
priority debt tranches, and stricter covenants. Lenders who did not
participate, mainly those holding  second lien term debt, will be
demoted to lowest priority for repayment in the waterfall. The
company retains a tranche C basket in the new superpriority credit
agreement to conduct future liability management activities with
holders of the second lien senior secured term loan.  

Governance risk is a key ESG consideration in the rating action
given that the debt recapitalization transaction is considered a
distressed exchange and therefore a default, which has negative
implications for creditors as it relates to financial strategy and
risk management.        

RATINGS RATIONALE

Anthology's Caa3 CFR reflects Moody's view that the company's
capital structure remains unsustainable due to very high financial
leverage, expectation for large cash flow deficits, as well as the
likelihood of additional distressed exchanges. Moody's expects
incremental liquidity to provide a temporary runway to manage the
transformation of the business. The company is planning significant
cost take-outs given the challenging demand environment for its
software products. Moody's projects Anthology will expand its
EBITDA to a range around $90 million to $110 million in fiscal 2025
(ending June), from less than $50 million expected in fiscal 2024.
The restructuring plan seeks to double EBITDA within a short time
frame, mainly through cost reduction initiatives. Moody's projects
the company's debt-to-EBITDA (Moody's adjusted) will remain in
excess of 10.0 times through June 2025 despite expectation for
material EBITDA improvement. The company's liquidity will continue
to be pressured if interest rates remain elevated. The rating also
reflects Anthology's operations in the highly competitive and
rapidly evolving education technology landscape with a few large
and established competitors, limited track-record of profitable
growth as a combined company, and continued risks posed by the
Blackboard integration.

Positive credit consideration is given to Anthology's meaningful
operating scale and unique global market position, its highly
predictable and recurring subscription revenue (87% recurring),
which is generated from multi-year contracts with historically
solid gross retention rates.

Moody's continues to view Anthology's liquidity as weak. Moody's
anticipates large cash flow deficits to persist over the next two
years given ongoing restructuring and integration expenses and high
debt service cost. Sources of liquidity consist of pro forma
balance sheet cash of approximately $116 million at closing and
full access to a new $140 million revolving credit facility due
2028. Anthology's business remains highly seasonal, with stronger
cash collections typically occurring in the first fiscal quarter
(July through September). Moody's expects cash flow deficits (cash
from operations less capital expenditures) around $125 million in
fiscal 2025 (ending June) and $85 million in fiscal 2026 (ending
June). Projections, however, remain uncertain and rely on ambitious
cost cutting plans. The company is subject to a consolidated
first-out first lien (revolver and tranche A term loans) net
leverage covenant ratio of 8.0x, whenever revolver borrowings are
greater than 35% of the total commitment. The covenant is for the
benefit of revolving credit lenders only. Moody's expects that the
company will maintain covenant compliance over the next 12-15
months.

The Caa1 ratings on Anthology's new senior secured $140 million
revolving credit facility due February 2028 and senior secured $410
million tranche A term loan due February 2028 reflect their first
priority debt claim on the collateral and senior ranking in the
capital structure relative to the senior secured $615.4 million
tranche B term loan due October 2028 (rated C) and senior secured
$37.5 million tranche C term loan due October 2029 (rated C) and
the remaining senior secured second lien term loan (unrated). The
first lien credit facility is secured by a first priority perfected
lien on substantially all of the present and future acquired assets
of the borrower and the guarantors.

The stable outlook reflects Moody's view that the closing of the
debt recapitalization transaction delays the refinancing risk posed
by the company's debt maturities. The stable outlook also
recognizes the additional liquidity raised by the restructuring
transaction, which grants the company more flexibility to execute a
meaningful operational turnaround.

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

The ratings could be upgraded if Anthology puts in place a more
tenable capital structure and demonstrates significant earnings
recovery while improving its liquidity profile. The instrument
ratings could be upgraded if Moody's expectation for recovery rates
improve.

The ratings could be downgraded if Moody's does not expect the
turnaround strategy to materially improve profitability, liquidity
deteriorates, or Moody's anticipates a debt restructuring is
imminent. The instrument ratings could be downgraded if Moody's
expectation for recovery rates diminish.

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

Anthology, headquartered in Boca Raton, FL, provides cloud-based
software solutions, including LMS, SIS and CRM for higher education
institutions. The company is majority owned by funds managed by
private-equity investors Veritas Capital Fund Management, L.L.C,
Providence Equity Partners and Leeds Equity Partners. Moody's
projects the company's annual revenue to remain above $500 million
in fiscal 2024.


ATLAS LITHIUM: Incurs $13.2 Million Net Loss in First Quarter
-------------------------------------------------------------
Atlas Lithium Corporation filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $13.18 million on $186,707 of revenue for the three months ended
March 31, 2024, compared to a net loss of $4.46 million on $0 of
revenue for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $37.70 million in total
assets, $35.10 million in total liabilities, and $2.60 million in
total stockholders' equity.

Atlas Lithium said, "We have historically incurred net operating
losses and have not yet generated material revenues from the sale
of products or services.  As a result, our primary sources of
liquidity have been derived through proceeds from the (i) sales of
our equity and the equity of one of our subsidiaries, and (ii)
issuance of convertible debt.  As of March 31, 2024, we had cash
and cash equivalents of $17,729,465 and working capital of
$11,280,122, compared to cash and cash equivalents $29,549,927 and
a working capital of $24,044,931 as of December 31, 2023.  We
believe our cash on hand will be sufficient to meet our working
capital and capital expenditure requirements for a period of at
least twelve months. However, our future short- and long-term
capital requirements will depend on several factors, including but
not limited to, the rate of our growth, our ability to identify
areas for mineral exploration and the economic potential of such
areas, the exploration and other drilling campaigns needed to
verify and expand our mineral resources, the types of processing
facilities we would need to install to obtain commercial-ready
products, and the ability to attract talent to manage our different
areas of endeavor.  To the extent that our current resources are
insufficient to satisfy our cash requirements, we may need to seek
additional equity or debt financing.  If the needed financing is
not available, or if the terms of financing are less desirable than
we expect, we may be forced to scale back our existing operations
and growth plans, which could have an adverse impact on our
business and financial prospects and could raise substantial doubt
about our ability to continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1540684/000149315224019927/form10-q.htm

                         About Atlas Lithium

Headquartered in Minas Gerais, Brazil, Atlas Lithium Corporation --

http://www.atlas-lithium.com/-- is a mineral exploration and
development company with lithium projects and multiple lithium
exploration properties.  In addition, the Company owns exploration
properties in other battery minerals, including nickel, copper,
rare earths, graphite, and titanium.  Its current focus is the
development from exploration to active mining of its hard-rock
lithium project located in the state of Minas Gerais in Brazil at a
well-known lithium-bearing pegmatitic district, which has been
denominated by the government of Minas Gerais as "Lithium Valley."



AULT ALLIANCE: Posts Net Income of $9.96 Million in First Quarter
-----------------------------------------------------------------
Ault Alliance, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting net income
of $9.96 million on $44.93 million of total revenue for the three
months ended March 31, 2024, compared to a net loss of $48.83
million on $28.94 million of total revenue for the three months
ended March 31, 2023.

As of March 31, 2024, the Company had $299.78 million in total
assets, $233.97 million in total liabilities, $784,000 in
redeemable non-controlling interests in equity of subsidiaries, and
$65.02 million in total stockholders' equity.

As of March 31, 2024, the Company had cash and cash equivalents of
$9.4 million, negative working capital of $53.5 million and a
history of net operating losses.  The Company has financed its
operations principally through issuances of convertible debt,
promissory notes and equity securities.  According to the Company,

these factors create substantial doubt about the Company's ability
to continue as a going concern for at least one year after the date
that these condensed consolidated financial statements are issued.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/896493/000121465924009647/a51024010q.htm

                      About Ault Alliance

Ault Alliance, Inc. -- http://www.Ault.com/-- is a diversified
holding company pursuing growth by acquiring undervalued businesses
and disruptive technologies with a global impact.  Through its
wholly and majority-owned subsidiaries and strategic investments,
Ault Alliance owns and operates a data center at which it mines
Bitcoin and offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries, and
provides mission-critical products that support a diverse range of
industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles.  In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance's headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141.

New York, New York-based Marcum LLP, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
April 16, 2024, citing that the Company has a working capital
deficiency, has incurred net losses and needs to raise additional
funds to meet its obligations and sustain its operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


AZM RESTAURANTS: Unsecureds Owed $53M Get Share of AZM Set Aside
----------------------------------------------------------------
AZM Restaurants, LC, submitted an Amended Joint Chapter 11 Plan of
Liquidation.

Definition:

   "AZM Set Aside" means $725,000 in Cash and 50% of rebate funds
paid from Coca Cola Corporation to or for the benefit of AZM Debtor
or any of the Meridian Consolidated Debtors on or after March 6,
2024, each as provided for in the Global Settlement Agreement.

   "Retained Causes of Action" means, except as expressly set forth
in the Global Settlement Agreement, all other Claims and Causes of
Action of the Estate including any as were set forth in any of the
Debtors Schedules or Statement of Financial Affairs and including
claims, if any, for breach of fiduciary duties by any officer or
director of the Debtors (excluding the CRO and the other Exculpated
Parties), for any related relief against any insider of any of the
Debtors.

In summary, the Assets to be used for distributions under the Plan
include: (a) the AZM Set-Aside, which will be distributed to the
holders of allowed general unsecured claims; and (b) the Retained
Causes of Action, the proceeds of which will be distributed to
holders of allowed claims, including Allowed Administrative Claims.


Under the Plan, Class 3 Allowed General Unsecured Claims totaling
in excess of $53,000,000 and are impaired. Each holder of an
allowed general unsecured claim will receive its pro rata share of
(i) the AZM Set Aside; and (ii) the Retained Causes of Action after
payment of Allowed Administrative Claims.

Attorneys for the Debtor:

     Michael R. Johnson, Esq.
     David H. Leigh, Esq.
     Elaine A. Monson, Esq.
     RAY QUINNEY & NEBEKER P.C.
     36 South State Street, 14th Floor
     Salt Lake City, UT 84111
     Tel: (801) 532-1500
     E-mail: mjohnson@rqn.com
             dleigh@rqn.com
             emonson@rqn.com

          -and-

     James T. Markus, Esq.
     Matthew T. Faga, Esq.
     Lacey S. Bryan, Esq.
     MARKUS WILLIAMS YOUNG &
     HUNSICKER LLC
     1775 Sherman Street, Suite 1950
     Denver, CO 80203-4505
     Tel: (303) 830-0800
     Fax: (303) 830-0809
     E-mail: jmarkus@markuswilliams.com
             mfaga@markuswilliams.com
             lbryan@markuswilliams.com

A copy of the Plan of Liquidation dated May 1, 2024, is available
at https://tinyurl.ph/yDNKH from PacerMonitor.com.

             About Meridian Restaurants Unlimited

Meridian Restaurants Unlimited, LC, owns and operates restaurants
in Utah.

Meridian Restaurants Unlimited, and its affiliates, including AZM
Restaurants, LC, filed Chapter 11 petitions (Bankr. D. Utah Lead
Case No. 23-20731) on March 2, 2023.  At the time of the filing,
Meridian Restaurants Unlimited reported $10 million to $50 million
in both assets and liabilities.

Judge Kevin R. Anderson oversees the cases.

The Debtors tapped Markus Williams Young & Hunsicker, LLC, as
bankruptcy counsel; Ray Quinney & Nebeker P.C. as local and
litigation counsel; Peak Franchise Capital, LLC as financial
advisor; Hilco Corporate Finance, LLC as investment banker; and
Keen-Summit Capital Partners, LLC as real estate advisor. BMC
Group, Inc. is the noticing agent.

The U.S. Trustee for Region 19 appointed an official committee to
represent unsecured creditors in the Debtors' Chapter 11 cases. The
committee is represented by Foley & Lardner, LLP.


BACCI OF BENSENVILLE: Wins Interim Cash Collateral Access
---------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
Eastern Division, authorized Bacci of Bensenville Inc. to use cash
collateral on an interim basis, effective December 20, 2023.

The Debtor is permitted to use the cash collateral of Smart
Business/Triton Recovery Group and Reliant Funding effective
December 20, 2023 to pay operating expenses, however no
professional payments are permitted without prior court approval of
retention of the professional and approval of fees and expenses
through Confirmation.

Smart Business/Triton Recovery Group and Reliant Funding will each
receive adequate protection payments in the amount of $1,500 and,
as additional adequate protection, are granted a lien on the
proceeds of the cash collateral subsequent to the filing of the
Chapter 11 petition subject to the extent and validity of the
lien.

A continued hearing on the matter is set for July 31 at 11 a.m.

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

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

     $116,696 for May 2024;
     $119,614 for June 2024; and
     $122,604 for July 2024.

                   About Bacci of Bensenville Inc.

Bacci of Bensenville Inc. owns and operates three restaurants.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ill. Case No. 23-17054) on December
20, 2023. In the petition signed by Pasquale Di Diana, owner, the
Debtor disclosed up to $500,000 in assets and up to $1 million in
liabilities.

Judge David D. Cleary oversees the case.

Penelope Bach, Esq., at Bach Law Offices, represents the Debtor as
legal counsel.


BELINDA'S SOUTHERN: Files Emergency Bid to Use Cash Collateral
--------------------------------------------------------------
Belinda's Southern Cuisine, Inc. asks the U.S. Bankruptcy Court for
the Northern District of Georgia, Atlanta Division, for authority
to use cash collateral and provide adequate protection.

Newtek Small Business Finance, LLC; and Toast Capital Loan LLC on
behalf of WebBank may assert an interest in the Debtor's cash
collateral.

The Debtor obtained a U.S. Small Business Administration promissory
note dated August 15, 2022 in the original principal amount of
$1.590 million. Monthly installment payments in the amount of
$12,549 are due every month on the first calendar day of the month
beginning two months from the date of the promissory note. All
remaining principal and accrued interest is due and payable 25
years from the date of the promissory note. Repayment of the
indebtedness is secured by, among other things, a deed to secure
debt granting a first priority lien on the Property and an
assignment of leases and rents filed in the DeKalb County, Georgia
public records. A UCC Financing Statement was filed on July 25,2022
referencing, asserting a security interest in and to, among other
things, all inventory, equipment, and accounts, all filed in the
DeKalb County, Georgia public records. Brenda Hull executed a
personal guaranty of the indebtedness.

WebBank asserts a secured claim in the amount of $60,502 as
follows. The Debtor entered into a Business Loan and Security
Agreement dated April 4, 2024, whereby WebBank provided funding to
the Debtor in the amount of $49,200. The Total Repayment Amount is
$62,976, the Daily Holdback Percentage is 5.73%, the Target
maturity is 360 days, and the Maximum Loan Term is 420 days.

The Debtor requires the use of cash collateral for payment of
operational and administrative expenses, in accordance with the
budget.

As adequate protection, the creditors will be granted a replacement
lien on all property of the kind and in the same priority as the
respective liens of Respondents attached as of the Petition Date.

A copy of the Debtor's motion and budget is available at
https://urlcurt.com/u?l=T4jIdv from PacerMonitor.com.

The Debtor projects $98,899 in gross profit and $60.665 in total
operating expenses for May 2024.

              About Belinda's Southern Cuisine Inc.

Belinda's Southern Cuisine Inc. is a restaurant offering southern
soul food to the public.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-54623) on May 6, 2024.
In the petition signed by Belinda Ann Hull, chief executive
officer, the Debtor disclosed up to $10 million in both assets and
liabilities.

Paul Reece Marr, Esq., at PAUL REECE MARR, P.C., represents the
Debtor as legal counsel.


BI HOLDINGS: Claims to be Paid From Business Income & Sale Proceeds
-------------------------------------------------------------------
BI Holdings, LLC filed with the U.S. Bankruptcy Court for the
Southern District of Texas a Chapter 11 Plan of Reorganization
dated May 6, 2024.

The Debtor is a Texas limited liability company operating in the
State of Texas. The 100% owner and sole managing member of the
Debtor is Jason Brown.

The Debtor continues to own (and lease, as applicable), as
Debtor-in-Possession, the following three properties:

     * The "22.174 Acre Tract" – this tract is located in the
James Tylee Survey, Abstract 304, Austin County, TX, and includes
land and improvements that operate as a wedding venue named "The
Vine," and also contains a vineyard. This tract is leased by the
Debtor to Brown Interests, LLC, which operates The Vine. This tract
is encumbered by a first lien (approx. $2.5 million) held by Texas
First Bank, and applicable ad valorem taxing authority liens.

     * The "24.858 Acre Tract" – this tract is located in the
James Tylee Survey, Abstract 304, Austin County, TX, and includes:
5 acres of land and improvements for a restaurant/bar called the
Tasting Room, and 19 acres of raw land that contains a shop, well,
and power grids. The Debtor leases the Tasting Room to Brown
Interests F&B, LLC. This tract is encumbered by a first lien
(approx. $2.5 million) held by Texas First Bank, and applicable ad
valorem taxing authority liens.

     * The "19.168 Acre Tract" – this tract is located in the
James Tylee Survey, Abstract 304, Austin County, TX, and is
comprised of raw land. This tract is encumbered by a first lien
(approx. $445,000) held by Texas Funding Corporation, and
applicable ad valorem taxing authority liens.

The Debtor's 22.171 Acre Tract and 24.858 Acre Tract were posted
for foreclosure sale on February 6, 2024. The Debtor and the first
lien creditor on the 22.171 Acre Tract and 24.858 Acre Tract had
worked out a Forbearance Agreement in December 2023 (to which the
Debtor paid the bank $300,000 in consideration) that was to run
through end of March 2024.

After executing the agreement, there was an immediate dispute
regarding the amount of the interest only debt service payment
owing for December 2023 - Debtor believed it would be approx.
$15,000, but the Bank asserted that the payment owing was approx.
$51,000, which was more than the Debtor could pay, at that time.

As a result, when the $51,000 could not be paid, the first lien
creditor declared a default and posted for February 6, 2024
foreclosure. Debtor then filed this protective Chapter 11 case in
order to stop the foreclosure, and afford time to market and sell
all or a portion of its real property assets, in order to pay all
creditors in full.

On March 5, 2024, the Bankruptcy Court entered an Order Approving
the Employment of Rick Doak and Republic Ranches, LLC, and Tonya
Currie and Compass RE Texas, LLC as Real Estate Agents/Brokers for
the Debtor (the "Brokers"). Since the Petition Date, the Brokers
have been marketing for sale the Debtor's real property assets,
with an emphasis on the 22.174 Acre Tract.

At the time of the filing of this Chapter 11 Plan, Debtor believes
a contract for sale of the 22.174 Acre Tract is imminent, and that
the sale will be for an amount sufficient enough (combined with
continued operations post-sale) to fund all treatments proposed in
this Plan, upon closing. Debtor intends to prepare and file a
Section 363 Motion to Sell Free and Clear of Liens, Claims, and
Encumbrances, immediately upon receipt of a signed contract.

Class 6 consists of General Unsecured Creditors. Each creditor
holding an Allowed Class 6 Claim shall retain its pre-petition
rights as it relates to its Allowed Claim. In the event the Debtor
closes on a sale of the 22.171 Acre Tract, any net sales proceeds
(after closing costs) in excess of funds necessary to pay: 1) Texas
First Bank's first lien on the 22.171 Acre Tract and 24.858 Acre
Tract; 2) all 2023 ad valorem property taxes owing by the Debtor;
3) pro-rated 2024 ad valorem taxes owing by the Debtor relative to
the 22.171 Acre Tract; and 4) towards Texas Funding Corporation's
first lien on the 19.168 Acre Tract, may be paid towards Class 6
Allowed Claims. Class 6 claims are not impaired.

The Debtor is arranging to fund its Plan of Reorganization out of
projected monthly income earned by the Debtor from commercial lease
operations, and by the sale of the 22.171 Acre Tract.

A full-text copy of the Plan of Reorganization dated May 6, 2024 is
available at https://urlcurt.com/u?l=jZWOLn from PacerMonitor.com
at no charge.

Counsel to the Debtor:

     Matthew Hoffman, Esq.
     Alan Brian Saweris, Esq.
     HOFFMAN & SAWERIS, P.C.
     2777 Allen Parkway 1000
     Houston, TX 77019
     Tel: (713) 654-9990
     Fax: )713) 654-0038
     Email: matthew@mhsawlaw.com

                       About BI Holdings

BI Holdings, LLC, is a Texas limited liability company operating in
the State of Texas.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. S.D. Texas Case No. 24-30521) on Feb. 6,
2024, with $4,378,697 in assets and $3,779,493 in liabilities.
Jason Brown, managing member, signed the petition.

Matthew Hoffman, Esq., at Hoffman & Saweris, PC represents the
Debtor as legal counsel.


CAN B CORP: Incurs $5.05 Million Net Loss in First Quarter
----------------------------------------------------------
Can B Corp. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q reporting a net loss of $5.05 million
on $316,696 of total revenues for the three months ended March 31,
2024, compared to a net loss of $1.74 million on $939,305 of total
revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $5.32 million in total
assets, $10.39 million in total liabilities, and a total
stockholders' deficit of $5.07 million.

As of March 31, 2024, the Company had cash and cash equivalents of
$26,582 and negative working capital of $6,165,773.  For the three
months ended March 31, 2024 and 2023, the Company had incurred
losses.  According to the Company, these factors raise substantial
doubt as to its ability to continue as a going concern.

Can B Corp said, "After careful consideration and analysis of the
economics, supply chain, processing logistics, and management of
manpower the Company decided to consolidate operations in its CO
operations in Mead and Ft. Morgan.  The Company has very limited
processing ability via 3rd party vendors to process its owned
biomass into isolate.

"As a result of the consolidation of the Florida and Tennessee
operations into Fort Morgan, Colorado and the subsequent Article 9
auction sale of the primary hemp division assets, the Colorado
operation has limited ability to process any materials other than
through third party operations."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1509957/000149315224020757/form10-q.htm

                        About Can B Corp

Can B Corp., headquartered in Hicksville NY, is in the business of
promoting health and wellness through its development, manufacture
and sale of products containing cannabinoids derived from hemp
biomass and the licensing of durable medical devices.

Lakewood, CO-based BF Borgers CPA PC, the Company's auditor since
2021, issued a "going concern" qualification in its report dated
April 15, 2024, citing that the Company's significant operating
losses raise substantial doubt about its ability to continue as a
going concern.


CANO HEALTH: Expects to Emerge from Chapter 11 in Q3 2024
---------------------------------------------------------
Cano Health, Inc. on May 21 announced a global agreement with the
Unsecured Creditors Committee representing the interests of the
Company's general unsecured creditors, with the support of the Ad
Hoc Lender Group. It also received approval of its Disclosure
Statement by the U.S. Bankruptcy Court for the District of
Delaware, paving the way to solicit creditor approval of its Plan
of Reorganization and its expected emergence from Chapter 11 in the
third quarter.

Mark Kent, CEO of Cano Health, said, "This is an important
milestone, indicating we are nearing completion of our
Court-supervised financial restructuring process with broad
creditor support. At the same time, we have made significant
progress on executing our Transformation Plan, which is designed to
refocus operations on our core Florida market and to enhance
profitability and productivity while staying committed to our
purpose of improving health outcomes at lower cost."

"We are firmly on track to reach our targeted $290 million in cost
reductions and emerge as a stronger company that is well positioned
to compete in the market and continue to provide patients
high-quality medical care," Mr. Kent concluded.

On February 4, 2024, Cano Health entered into a Restructuring
Support Agreement with lenders holding approximately 86% of its
secured revolving and term loan debt and 92% of its senior
unsecured notes and filed prearranged voluntary Chapter 11
proceedings. The RSA provides for the conversion of nearly $1
billion in secured debt into a combination of new debt and equity
ownership in the reorganized company.

Additional information about Cano Health's restructuring
proceedings is available at https://www.kccllc.net/CanoHealth.
Creditors with questions may contact the Company's Claims Agent,
Kurtzman Carson Consultants LLC, at CanoHealthinfo@kccllc.com and
(888) 251-2679 (U.S./Canada) or (310) 751-2609 (International).

                      About Cano Health Inc.

Cano Health, Inc., and its affiliates are independent primary care
physician group.

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-10164) on February
4, 2024. In the petitions signed by Mark Kent, authorized
signatory, the Debtors disclosed $1,211,931,000 in assets and
$1,471,032,000 in liabilities.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Richards, Layton & Finger, PA 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.

Gibson, Dunn & Crutcher, LLP and Pachulski, Stang, Ziehl & Jones,
LLP represent the ad hoc first lien group while ArentFox Schiff,
LLP represents Wilmington Savings Fund Society, FSB, the DIP
agent.

Credit Suisse AG, Cayman Islands Branch, serves as administrative
agent and collateral agent, under the Credit Agreement. Freshfields
Bruckhaus Deringer US, LLP is counsel to the agent.

JPMorgan Chase Bank, N.A., serves as administrative agent and
collateral agent under the Side-Car Credit Agreement. It is
represented by Proskauer Rose, LLP.

Daniel McMurray was appointed as the patient care ombudsman in
these Chapter 11 cases. He tapped Neubert Pepe & Monteith PC and
Klehr Harrison Harvey Branzburg, LLP as his counsel.



CANO HEALTH: Net Loss Widens to $478.2 Million in Q1 2024
---------------------------------------------------------
Cano Health, Inc. filed with the U.S. Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $478.2 million for the three months ended March 31, 2024,
compared to a net loss of $60.6 million for the three months ended
March 31, 2023.

As of March 31, 2024, the Company has $1.05 billion in total
assets, $2.05 billion in total liabilities, and a total
stockholders' deficit of $1.01 billion.

The Company is presently undergoing Chapter 11 proceedings in
Delaware.  The Company currently believes there is not sufficient
liquidity to cover operating, investing and financing cash uses for
the next 12 months.

The Debtors have incurred and will continue to incur significant
costs associated with the Restructuring, including the write-off of
original issue discount and deferred long-term debt fees on debt
subject to compromise, costs of debtor-in-possession refinancing,
legal and professional fees, amongst others. The amount of these
charges, which since the Petition Date are being expensed as
incurred, are expected to significantly affect the Company's
results of operations.  As of March 31, the Reorganization Items
totaled $341.9 million, including $20.2 million paid for
professional fees and other bankruptcy-related costs.

As of April 9, 2024, the Debtors have received approximately 363
proofs of claim asserted for a total of approximately $350.1
million. In addition, the Debtors scheduled approximately 5,400
claims for approximately $35.5 billion. The scheduled total
includes amounts identified as secured debt guarantees at each
applicable debtor guarantor. Such amount includes duplicate claims
across multiple debtor legal entities. These claims will be
reconciled to amounts recorded in the Company's accounting records.
Differences in amounts recorded and claims filed by creditors will
be investigated and resolved, including through the filing of
objections with the Bankruptcy Court, where appropriate. The
Bankruptcy Code does not allow for claims that have been
acknowledged as duplicates. In addition, the Company may ask the
Bankruptcy Court to disallow claims that the Company believes have
been later amended or superseded, are without merit, are overstated
or should be disallowed for other reasons. In addition, as a result
of this process, the Company may identify additional liabilities
that will need to be recorded or reclassified to "Liabilities
subject to compromise." In light of the substantial number of
claims filed, and expected to be filed, the claims resolution
process may take considerable time to complete and likely will
continue after the Debtors emerge from bankruptcy.

A full-text copy of the Company's Form 10-Q is available at
https://tinyurl.com/63nezb9f

                      About Cano Health Inc.

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

The Debtors sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 24-10164) on February
4, 2024. In the petitions signed by Mark Kent, authorized
signatory, the Debtors disclosed $1,211,931,000 in assets and
$1,471,032,000 in liabilities.

Judge Karen B. Owens oversees the cases.

The Debtors tapped Richards, Layton & Finger, PA 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.

Gibson, Dunn & Crutcher, LLP and Pachulski, Stang, Ziehl & Jones,
LLP represent the ad hoc first lien group while ArentFox Schiff,
LLP represents Wilmington Savings Fund Society, FSB, the DIP
agent.

Credit Suisse AG, Cayman Islands Branch, serves as administrative
agent and collateral agent, under the Credit Agreement. Freshfields
Bruckhaus Deringer US, LLP is counsel to the agent.

JPMorgan Chase Bank, N.A., serves as administrative agent and
collateral agent under the Side-Car Credit Agreement. It is
represented by Proskauer Rose, LLP.

Daniel McMurray was appointed as the patient care ombudsman in
these Chapter 11 cases. He tapped Neubert Pepe & Monteith PC and
Klehr Harrison Harvey Branzburg, LLP as his counsel.



CHICKEN SOUP: Reports $52.9 Million Net Loss in First Quarter
-------------------------------------------------------------
Chicken Soup for the Soul Entertainment, Inc., filed with the
Securities and Exchange Commission its Quarterly Report on Form
10-Q reporting a net loss available to common stockholders of
$52.90 million on $27.40 million of net revenues for the three
months ended March 31, 2024, compared to a net loss available to
common stockholders of $58.58 million on $109.60 million of net
revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $414.08 million in total
assets, $970 million in total liabilities, and a total deficit of
$555.93 million.

Chicken Soup said, "Based on the Company's financial position at
March 31, 2024, history of recurring losses and negative
operational cash flows, along with debt maturities and interest
payments in the next 12 months, we reviewed the Company's ability
to continue as a going concern and have concluded that there is not
sufficient cash flows and substantial doubt exists about the
ability of the Company to continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1679063/000155837024008492/csse-20240331x10q.htm

                       About Chicken Soup

Chicken Soup for the Soul Entertainment, Inc. provides premium
content to value-conscious consumers.  The Company is one of the
largest advertising-supported video-on-demand (AVOD) companies in
the US, with three flagship AVOD streaming services: Redbox,
Crackle and Chicken Soup for the Soul.  In addition, the Company
operates Redbox Free Live TV, a free ad-supported streaming
television (FAST) service with nearly 170 channels as well as a
transactional video-on-demand (TVOD) service, and a network of
approximately 27,800 kiosks across the U.S. for DVD rentals.  To
provide original and exclusive content to its viewers, the Company
creates, acquires, and distributes films and TV series through its
Screen Media and Chicken Soup for the Soul TV Group subsidiaries.
The Company's best-in-class ad sales organization is known to
advertisers as Crackle Connex, a sales platform of unique scale
and
differentiated reach. Across Redbox, Crackle, Chicken Soup for the
Soul and Screen Media, the Company has access to over 50,000
content assets, with over 60,000 programming hours. Chicken Soup
for the Soul Entertainment is a subsidiary of Chicken Soup for the
Soul, LLC, which publishes the famous books series and produces
super-premium pet food under the Chicken Soup for the Soul brand
name.

New York, New York-based Rosenfield and Company, PLLC, the
Company's auditor since 2017, issued a "going concern"
qualification in its report dated April 19, 2024, citing that the
Company has suffered significant losses from operations and has a
net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


CLEAN ENERGY: Reports $1.42 Million Total Loss in First Quarter
---------------------------------------------------------------
Clean Energy Technologies, Inc. filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
total loss of $1.42 million on $1.51 million of total sales for the
three months ended March 31, 2024, compared to a total loss of
$1.11 million on $551,869 of total sales for the three months ended
March 31, 2023.

As of March 31, 2024, the Company had $9.03 million in total
assets, $4.61 million in total liabilities, and $4.41 million in
total stockholders' equity.

The Company had a working capital of $324,893 as of March 31, 2024.
The company also had an accumulated deficit of $24,473,587 as of
March 31, 2024.  Therefore, the Company said, there is substantial
doubt about the ability of the Company to continue as a going
concern.  There can be no assurance that the Company will achieve
its goals and reach profitable operations and is still dependent
upon its ability (1) to obtain sufficient debt and/or equity
capital and/or (2) to generate positive cash flow from operations.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1329606/000149315224020742/form10-q.htm

                         About Clean Energy

Headquartered in Costa Mesa, California, Clean Energy Technologies,
Inc. -- http://www.cetyinc.com-- develops renewable energy
products and solutions and establish partnerships in renewable
energy that make environmental and economic sense.  The Company's
mission is to be a segment leader in the Zero Emission Revolution
by offering eco-friendly energy solutions, clean energy fuels and
alternative electric power for small and mid-sized projects in
North America, Europe, and Asia. The Company targets sustainable
energy solutions that are profitable for it, profitable for its
customers and represent the future of global energy production.

Diamond Bar, California-based TAAD, LLP, the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated April 16, 2024, citing that the Company has an accumulated
deficit, a working capital deficit and negative cash flows from
operations.  These factors, among others, raise substantial doubt
about the Company's ability to continue as a going concern.


COLOGNE ACADEMY: S&P Withdraws 'BB+' Rating on 2014A Revenue Bonds
------------------------------------------------------------------
S&P Global Ratings withdrew its 'BB+' rating on Cologne Academy,
Minn.'s series 2014A charter school lease revenue bonds at the
issuer's request. The outlook was stable at the time of the
withdrawal.



CONVEY HEALTH: Ares Capital Marks $2.7MM Loan at 19% Off
--------------------------------------------------------
Ares Capital Corporation has marked its $2.7 million loan extended
to Convey Health Solutions, Inc to market at $2.2 million or 81% of
the outstanding amount, as of March 31, 2024, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Convey Health Solutions, Inc. The loan accrues interest at a
rate of 10.66% (SOFR (Q) +5.25%)per annum. The loan matures in
September 2026.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Convey Health Solutions, Inc. provides healthcare technology
solutions. The Company offline enrollment processing, enrollment
processing, telephonic licensed enrollment, outbound campaigns,
pharmacy and clinical, healthcare analytics, risk adjustment, and
administration solutions. Convey Health Solutions serves customers
worldwide. 



CORENERGY INFRASTRUCTURE: Net Loss Widens to $272.8MM in FY 2023
----------------------------------------------------------------
CorEnergy Infrastructure Trust, Inc. filed with the Securities and
Exchange Commission its Annual Report on Form 10-K reporting a net
loss of $272.8 million for the year ended December 31, 2023,
compared to a net loss $9.5 million for the year ended December 31,
2022.

Kansas City, Missouri-based Ernst & Young LLP, the Company's
auditor, issued a "going concern" qualification in its report dated
May 14, 2024, citing that the Company has filed a voluntary
petition to commence proceedings under Chapter 11 of the Bankruptcy
Code, which triggered a default that accelerated the obligations
under the terms of the Company's Convertible Notes.

Given the event of default and acceleration of the Convertible
Notes, as well as the inherent risks, unknown results and inherent
uncertainties associated with the bankruptcy process and the direct
correlation between these matters and our ability to satisfy the
Company's financial obligations that may arise, there is
substantial doubt that it will continue to operate as a going
concern within the next 12 months. The Company's ability to
continue as a going concern is contingent upon its ability to
successfully implement the Plan of Reorganization set forth in the
RSA, which is pending approval of the Bankruptcy Court.

As of December 31, 2023, the Company has $229.1 million in total
assets, $262 million in total liabilities, and $32.9 million in
total deficit.

A full-text copy of the Company's Form 10-K is available at
https://tinyurl.com/y4knjeys

         About CorEnergy Infrastructure

CorEnergy Infrastructure Trust, Inc. is a Maryland corporation
formed in 2005 as a Business Development Company under the
Investment Company Act of 1940, but since 2012 has operated for tax
purposes as a real estate investment trust ("REIT"). Its stock is
publicly traded and widely held, and it operates under the
oversight of a board of directors that meets the independence
standards of the New York Stock Exchange. Since its conversion to a
REIT in 2012, CorEnergy has focused on owning and leasing energy
midstream infrastructure and operating energy midstream companies.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Mo. Case No. 24-40236) on February 25,
2024, with $14,492,662 in assets and $118,415,403 in liabilities.
David J. Schulte, officer, signed the petition.

Judge Cynthia A. Norton oversees the case.

Mark T. Benedict, Esq., at Husch Blackwell LLP, represents the
Debtor as legal counsel.


COSTA SHIPPING: Seeks to Hire P.S. Business Services as Bookkeeper
------------------------------------------------------------------
Costa Shipping & Delivery, Inc. seeks approval from the U.S.
Bankruptcy Court for the Southern District of California to employ
P.S. Business Services, Inc. as its bookkeeper.

The firm will render these services:

     a. accurately code transactions pursuant to GAAP guidelines so
that company management can track company performance and, based on
that performance, make the decisions necessary to ensure that the
company is profitable; and

     b. prepare monthly financial statements including, but not
limited to, profit and loss statements and a balance sheet. In
addition to providing guidance to company management, these
documents are required as attachments to the Monthly Operating
Reports.

The firm will receive a flat fee of $1100 per month. If more than
40 hours per month are dedicated to Debtor, then $100 per
additional hour.

As disclosed in the court filings, P.S. Business Services, Inc. is
disinterested and represents no interest adverse to the estate.

The firm can be reached through:

     Peggy Johnson
     P.S. Business Services, Inc.
     12767 CAMELLIA BAY DR. EAST
     JACKSONVILLE, FL, 32223
     Tel: (615) 440-7318
     Email: ps@psbkservices.co

         About Costa Shipping & Delivery

Costa Shipping & Delivery, Inc., sought protection under Chapter 11
of the U.S. Bankruptcy Code (Bankr. S.D. Cal. Case No. 24-01179) on
April 1, 2024, with $1 million to $10 million in both assets and
liabilities.

Judge Christopher B. Latham presides over the case.

Steven E. Cowen, Esq., at S. E. Cowen Law represents the Debtor as
bankruptcy counsel.


COTY INC: S&P Rates EUR500MM Senior Secured Notes 'BB+'
-------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating to Coty
Inc.'s proposed EUR500 million senior secured notes due 2027. The
recovery rating is '2', reflecting its expectation of substantial
(70%-90%; rounded estimate 80%) recovery in the event of a payment
default. S&P expects the company to use the net proceeds from the
proposed notes issuance to redeem all of the company's outstanding
6.5% U.S. dollar-denominated senior notes due 2026, repay a portion
of the revolver borrowings, and for general corporate purposes. S&P
will withdraw its existing ratings on the 6.5% senior notes upon
repayment. The transaction is neutral for leverage. Total debt
outstanding as of March 31, 2024 was around $4 billion.

S&P said, "All of our existing ratings on the company, including
our 'BB' issuer credit rating, 'BB+' senior secured debt rating,
and 'BB' senior unsecured debt rating, are unchanged by the
transaction. The outlook is positive. We believe the company will
continue to execute stabilizing and growing its consumer beauty
business, accelerating its luxury fragrance business, and building
its skincare business. We expect Coty to remain committed to its
financial policy of mid- to long-term leverage target of 2x-3x,
which is roughly equivalent to S&P Global Ratings-adjusted leverage
of 2.7x-3.7x and will not buy back shares to the detriment of its
credit ratios. We also expect Coty will monetize Wella by the end
of calendar-year 2025, and use the proceeds from the asset sales to
reduce debt, which could result in material permanent debt
reduction close to $1 billion. We forecast adjusted leverage in the
high-3x area and EBITDA interest coverage around 4x by the end of
fiscal 2024."



CRESCENT ENERGY: Fitch Puts 'B+' LongTerm IDR on Watch Positive
---------------------------------------------------------------
Fitch Ratings has placed Crescent Energy Company's and Crescent
Energy Finance LLC's (Crescent)'s Long-Term Issuer Default Ratings
(IDRs) of 'B+' on Rating Watch Positive (RWP). Fitch has also
affirmed Crescent's first-lien secured reserve-based loan facility
(RBL) at 'BB+'/ 'RR1' and its senior unsecured notes at 'BB-'/
'RR3'.

These actions follow the announcement that Crescent has entered
into a definitive agreement to acquire SilverBow Resources with a
mix of stock and cash. Under the agreement terms, SilverBow
shareholders will receive shares of Crescent Class A common stock
with an option to receive up to $400 million in cash on a pro rata
basis. SilverBow, which had $1.1 billion debt at the end of 1Q24,
was assigned a $2.1 billion enterprise value. Crescent shareholders
will own between approximately 69% and 79% of the combined company,
depending on the cash portion of the transaction. The deal will
significantly improve Crescent's scale and create the second
largest operator in the Eagle Ford shale.

Fitch expects to resolve the Rating Watch upon closing of the
transaction, which is targeted by the end of 3Q24. The closing of
the transaction and resolution of the RWP could take longer than
six months.

KEY RATING DRIVERS

Improved Scale, Focus on Eagle Ford: The proposed acquisition will
considerably increase Crescent's scale and make it the second
largest operator in the Eagle Ford shale. Crescent estimates that
its production will grow to around 250 thousand barrels of oil
equivalent per day (kboe/d; around 40% oil) in 2024 pro forma for
the acquisition from roughly 160 kboe/d on a standalone basis.
Fitch estimates that the company's midcycle EBITDA will increase to
$1.4 billion from $0.9 billion based on its $57 per barrel of WTI
oil and $2.75 per thousand cubic feet of Henry Hub natural gas.
Approximately 70% of the combined company's production will come
from the Eagle Ford, while the rest will be largely produced in the
Rockies region. SilverBow operates in the Eagle Ford only.

Leverage Target Unchanged: Crescent will continue to target 1.0x
leverage with a maximum of 1.5x after the acquisition. Fitch
estimates that Crescent's EBITDA leverage will remain close to 1.5x
at midcycle oil and gas prices in case SilverBow shareholders
decide to fully utilize the $400 million cash consideration option.
This is the same level Fitch projected for Crescent in 2024 before
the transaction. If the cash portion of the consideration is low or
Crescent repays debt early, the midcycle level of Fitch-projected
leverage will be lower. Leverage could also benefit from the
expected annualized synergies of $65 million-$100 million.

Growth Dominated by M&A: Crescent has grown mainly through
acquisitions. In 2023, it increased ownership of the previously
non-operated asset in the Eagle Ford area through two transactions
with a $850 million total value. The transactions were effectively
funded by the unsecured notes, a $146 million equity raise and FCF.
Crescent maintained its pro forma leverage within 1.5x, and Fitch
expects it will materially reduce debt in the future.

Fitch focuses on Crescent's EBITDA leverage before dividends paid
to non-controlling interests (NCI) because Crescent Energy Finance
LLC, the debt issuer, does not suffer from NCI dividend leakage at
its level despite the NCI dividends reported by its parent and
financials filer, Crescent Energy Company.

Lower Decline Rate Assets: Crescent expects the decline rate for
the companied company to be closer to 25%, up from 20% before the
acquisition. This is still below the shale producers' typical rate
of above 30%. A material share of the company's operations is
located in more mature plays, which usually require lower capex due
to their older vintage wells. These wells experience lower decline
rates than recently developed ones. Low decline assets contributed
40% to Crescent's production on a standalone basis. The company
expects to have a pro-forma reserve life of over 11 years, which
Fitch considers healthy.

Extensive Hedge Program: Crescent has lower operating netbacks than
oil-focused shale peers due to the presence of mid-life assets in
its portfolio. This leads to increased sensitivity to oil and gas
price downswings. To offset that, Crescent's hedging program is
more intense than those of many other comparable upstream
companies, particularly with its liquids hedges.

DERIVATION SUMMARY

Crescent reported an average production of 149 kboe/d in 2023,
making Crescent one of the largest by production in the 'B' rating
category despite high liquid content. This is in line with higher
rated operators such as SM Energy (BB-/Stable; 152 kboe/d), which
benefits from the strong economics of its Permian Basin weighted
asset base, and Baytex Energy (BB-/Stable; 122 kboe/d).

Crescent's production was ahead of MEG Energy (BB-/Stable; 101
kboe/d) and Vermilion Energy (BB-/Stable; 84 kboe/d). Crescent's
production has historically been accumulated in a more agnostic
manner to specific basins, and has placed more priority on value.
As a result, the company had a less concentrated asset base
compared to peers that typically focus on one or two basins.

Crescent has a history of low leverage. Fitch believes this will
continue, with EBITDA leverage of slightly above 1x. This is close
to the typical leverage of its peers.

In 2023, Crescent generated an unhedged cash netback of $19.7/boe.
This falls materially below the peer group of SM, Baytex and MEG
due to significant presence of more mature assets in Crescent's
portfolio. Vermilion's netback was the closest with $25.7/boe. To
compensate for higher-cost profile, Crescent hedges more than its
peers.

KEY ASSUMPTIONS

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

- West Texas Intermediate prices of $75/barrel (bbl) in 2024,
$65/bbl in 2025, $60/bbl in 2026 and $57/bbl thereafter;

- Henry Hub prices of $3.25/thousand cubic feet (mcf) in 2024,
$3.00/mcf in 2025 and $2.75/mcf thereafter;

- Standalone production of 158kboe/d in 2024, gradually increasing
thereafter;

- Standalone capex of $550 million per annum in 2024-2027.

RECOVERY ANALYSIS

Key Recovery Rating Assumptions

The recovery analysis assumes Crescent would be reorganized as a
going concern (GC) in bankruptcy rather than liquidated. Fitch
assumed a 10% administrative claim.

Going-Concern Approach

Crescent's GC EBITDA estimate reflects Fitch's view of sustainable
post-reorganization EBITDA, upon which Fitch bases the enterprise
valuation (EV).

Crescent's bankruptcy scenario considers a weakened oil and gas
environment, resulting in reduced operational and financial
flexibility, which is in line with Fitch's stress case assumptions.
Fitch believes the lower price environment leads to a lower capital
program and production decline.

The $650 million GC EBITDA assumption reflects reduced EBITDA in
the latter years of the forecast, when commodity prices start to
move towards midcycle conditions. An EV multiple of 3.5x 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 to 7.0x, with an average of 5.0x and a
median of 4.5x;

- Multiples for 'B' category rated companies Northern Oil and Gas,
Inc. (B/Positive; 3.5x) and Moss Creek Resources LLC (B/Stable;
3.25x).

Liquidation Approach

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

In assigning the value for Crescent's assets, Fitch considered
Crescent's PV-10 value adjusted for a lower-price environment and a
blend of comparable M&A multiples by basin, reflecting Crescent's
footprint for production per flowing barrel, value per acre and
value per drilling location within Crescent's asset base.

The maximum of these two approaches was the going-concern approach
with $2.3 billion EV. Fitch assumed the RBL facility debt at 80% of
the $1.3 billion current elected amount and $1.7 billion of senior
unsecured notes.

Under the waterfall allocation, the first lien RBL has an 'RR1'
Recovery Rating and is notched up three levels to 'BB+' from the
Long-Term IDR. Crescent's senior unsecured notes have a Recovery
Rating of 'RR3' and are notched up one level from the Long-Term
IDR.

RATING SENSITIVITIES

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

- Fitch expects to resolve the RWP upon completion of the
contemplated transaction under proposed terms;

- Capital allocation involving debt reduction or credit-accretive
M&A;

- Midcycle EBITDA leverage before excluding NCI dividends below
1.5x;

- Continued improvement in netbacks towards median peer levels.

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

- Deterioration in liquidity including sustained high revolver
utilization or large negative FCF;

- Midcycle EBITDA leverage before excluding NCI dividends above
2.0x;

- Evidence of KKR utilizing its voting position to influence
governance in a credit-unfriendly manner.

LIQUIDITY AND DEBT STRUCTURE

Sufficient Liquidity: At March 30, 2024, Crescent had approximately
$5million of cash on hand and $81 million outstanding under its
RBL. Crescent had a $1.2 billion availability under its RBL, a $1.3
billion elected commitment and a $2 billion borrowing base with a
maturity in 2027. Crescent's other debt consists of unsecured notes
maturing in 2028 and 2032.

ISSUER PROFILE

Crescent is a public oil and gas company with 1Q24 production of
166 kboe/d (59% liquids). Most of its production is in the Eagle
Ford area, Uinta basin and from the Wyoming conventional assets.
The remainder of its production consists of smaller U.S. onshore
positions.

ESG CONSIDERATIONS

Crescent has an ESG Relevance Score of '4' for Governance
Structure, as KKR affiliates own all of Crescent's non-economic
preferred share class. These shares have enhanced voting rights
that provide KKR the ability to appoint the entire board of
directors at its discretion. This 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
   -----------              ------               --------   -----
Crescent Energy
Company               LT IDR B+  Rating Watch On            B+

Crescent Energy
Finance LLC           LT IDR B+  Rating Watch On            B+

   senior unsecured   LT     BB- Affirmed          RR3      BB-

   senior secured     LT     BB+ Affirmed          RR1      BB+


CRIMSON HOLDINGS: Comm. Taps Schafer and Weiner as Legal Counsel
----------------------------------------------------------------
The official committee of creditors holding unsecured claims of
Crimson Holdings, LLC seeks approval from the U.S. Bankruptcy Court
for the Western District of Wisconsin to hire Schafer and Weiner,
PLLC as its counsel.

The Committee requires Schafer and Weiner to:

   a. serve as counsel for the Committee;

   b. provide the Committee with legal advice concerning its
statutory powers and duties in connection with Debtor's chapter 11
case;

   c. assist the Committee in investigating the acts, conduct,
assets, liabilities, and financial condition and affairs of Debtor
and the operation of Debtor's business;

   d. participate in the formulation of any plan and analysis of
proposals by Debtor or others;

   e. advise and analyze any proposed disposition of assets of
Debtor outside of a plan; and

   f. perform such other legal services as may be reasonably
required on behalf of or requested by the Committee to allow it to
appropriately perform its duties.

Schafer and Weiner will be paid at these hourly rates:

     Daniel J. Weiner                $615
     Howard M. Borin                 $465
     Joseph K. Grekin                $465
     John J. Stockdale, Jr.          $450
     Kim K. Hillary                  $405
     Jeffery J. Sattler              $375
     Leon N. Mayer                   $340
     Brandi M. Blasses               $305
     Albert Chang                    $225
     Legal Assistant                 $175
     Michael E. Baum (of Counsel)    $615


Schafer and Weiner will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Jeffery Sattler, Esq., partner of Schafer and Weiner, PLLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

Schafer and Weiner can be reached at:

     Jeffery J. Sattler, Esq.
     Schafer and Weiner, PLLC
     40950 Woodward Avenue, Suite 100
     Bloomfield Hills, MI 48304
     Phone: (248) 540-3340
     Email: jstockdale@schaferandweiner.com

             About OvaInnovations, LLC

OvaInnovations, LLC sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Wisc. Case No. 24-10663) on April 8,
2024. In the petition signed by David Rettig, president, the Debtor
disclosed up to $10 million in assets and up to $50 million in
liabilities.

Judge Catherine J. Furay oversees the case.

Kristin J. Sederholm, Esq., at Krekeler Law, SC, represents the
Debtor as legal counsel.


CSC HOLDINGS: Moody's Cuts CFR to Caa2 & Alters Outlook to Negative
-------------------------------------------------------------------
Moody's Ratings downgraded CSC Holdings, LLC's Corporate Family
Rating to Caa2 from B3, and Probability of Default Rating to
Caa2-PD from B3-PD. Moody's also downgraded the senior secured bank
credit facilities and senior unsecured guaranteed notes to Caa1
from B2 and downgraded the senior unsecured notes to Ca from Caa2.
The senior unsecured notes issued by Neptune Finco Corp. were also
downgraded to Ca from Caa2. The outlook for CSC was changed to
negative from stable.

The rating action reflects the increasing risk that the capital
structure is unsustainable given weak financial performance,
elevated leverage and very challenging operating dynamics.
Management has said they are looking at all options to maintain a
capital structure that supports its long-term strategic objectives
despite a very favorable maturity profile (no obligations are due
until April 2027). The ratings reflect the elevated risk of a
distressed exchanged over the near to medium term which is
heightened by the distressed trading levels of its outstanding
debt.

RATINGS RATIONALE

The credit profile reflects governance risk (as reflected in the
G-5 Governance Issuer Profile Score and CIS-5 Credit Impact Score)
driven by high and rising leverage  that could approach 8x at the
end of 2025 due in part to a financial policy which has
historically prioritized shareholder returns over debt repayment.
Ownership is also significantly concentrated with a single investor
controlling most of the voting interest. Additionally, broadband
subscribers, previously an offset to losses in voice and video, has
also been falling (since 2022) due to higher competitive intensity
as providers of fixed wireless access and fiber services are taking
broadband share. As a result, the company's capital intensity is
higher than historical average as it executes the deployment of an
aggressive and capital-intensive multi-year fiber build, which has
driven capex to low 20% of revenue (on an annualized basis) until
recently (now in the mid-teens percent range). The network
investments (which Moody's believes are $500-$750 million)
contributed to lower free cash flow in 2023, and is expected to
remain a constraint for at least the next 12-18 months.

CSC's credit profile is supported by its large scale (over $9
billion in revenue in 2023) and a geographically diversified
footprint despite customer concentration and significant
competition in the Northeast (Optimum footprint). The business
model is profitable, generating strong EBITDA margins near 40% and
providing good revenue visibility given the predictable nature of
monthly recurring revenue from a diversified and large base of
residential and commercial customers. Secular demand for broadband
is an opportunity to gain market share.

CSC has adequate liquidity (SGL-3) over the next year reflecting
positive operating cash flow and good covenant headroom, but a
partially drawn revolving credit facility. Alternate liquidity is
constrained given the distressed value of the business.

Moody's rates CSC's senior secured bank credit facilities Caa1, one
notch above the CFR. The secured debt is collateralized by a stock
pledge and is guaranteed by the operating subsidiaries of the
Company. Moody's also rates the senior unsecured guaranteed notes
at CSC Caa1, as the notes benefit from the same guarantee from the
restricted subsidiaries (as the credit facility creditors) and
Moody's view that the stock pledge for secured lenders provides no
additional lift/benefit as the equity collateral would likely be
worthless in a default scenario. Senior lenders benefit from junior
capital provided by the senior unsecured bonds at CSC (which are
not guaranteed) and rated Ca, two notches below the CFR given the
subordination in the Company's capital structure. The instrument
ratings reflect the probability of default of the Company, as
reflected in the Caa2-PD Probability of Default Rating, and an
average expected family recovery rate of 50% at default.

The senior unsecured debt that was originally issued by Neptune
Finco Corp. (Neptune, no outlook, an acquisition vehicle used by
Altice USA, Inc. (CSC's ultimate parent company, unrated) to
acquire the operating subsidiary D/B/A Cablevision) is also rated
Ca. In 2015, Neptune was merged with and into CSC, which
effectively assumed all of Neptune's obligations; however, Moody's
internal databases continue to reflect Neptune as a debt issuer.

Moody's negative outlook reflects the expectation for an increase
in financial leverage and the risk of a distressed exchange in the
next 12-18 months.

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

Moody's could upgrade the ratings if the company substantially
improves the sustainability of the capital structure through
significant debt reduction or improved operating performance.
Moody's could  downgrade the ratings if the risk of default rises
further or Moody's assessment of recovery in a default scenario
deteriorates.

The principal methodology used in these ratings was
Telecommunications Service Providers published in November 2023.

Headquartered in Long Island City, New York, CSC Holdings, LLC
passes over 9.7 million passings in 21 states, serving
approximately 4.7 million residential and business customers which
includes a total of about 8 million residential subscriptions to
data, video, and voice services. The company is wholly owned by
Altice USA, Inc. (Altice), a public company majority owned and
controlled by Patrick Drahi. Revenues were approximately $9.2
billion for the LTM period ended March 31, 2024.


DAYLIGHT BETA: Ares Capital Marks $12.3MM Loan at 52% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $12.3 million loan extended
to Daylight Beta Parent LLC and CFCo, LLCto market at $5.9 million
or 48% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in Ares Capital's Form 10-Q for the
quarterly period ended March 31, 2024, filed with the Securities
and Exchange Commission.

Ares Capital is a participant in a First Lien Senior Secured Loanto
Daylight Beta Parent LLC and CFCo, LLC. The loan matures in
September 2033.

The Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Beta Parent LLC and CFCo, LLC is a Health insurance sales platform
provider. 


DEPETRIS FAMILY: Wins Cash Collateral Access Thru Aug 31
--------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Pennsylvania
authorized DePetris Family, LLC to use cash collateral on an
interim basis in accordance with the budget, with a 10% variance,
through August 31, 2024.

The Debtor requires the use of cash collateral to meet ordinary
cash needs and pay actual expenses.

The Debtor is permitted to use cash collateral solely for the
following purposes:

    a. maintenance and preservation of their assets;

    b. continued operation of their businesses, including but not
limited to payroll, payroll taxes, employee expenses, and insurance
costs;

    c. completion of work-in-process; and

    d. operation and maintenance of the shopping center.

People's Security Bank has a secured claim against the Debtor in
the approximate principal amount of $3.8 million pursuant to the
loan transaction entered into by and between the Debtor and
People's Security Bank. First Commonwealth Bank has a secured claim
against the Debtor in the approximate principal amount of $9.7
million, inclusive of a cash reserve held by First Commonwealth
Bank of approximately $419,631. These credit facilities are
documented between the Debtor and the Secured Creditors, and
certain, related notes and various other documents as described in
detail in the Loan Agreements.

As adequate protection, the Debtor will pay First Commonwealth Bank
monthly installments of $40,499.

The Lender is also granted a valid, automatically-perfected and
fully-enforceable, replacement security interest and first lien in
all of the Debtor's assets and the proceeds thereof, subject only
to any pre­existing, validly-perfected, prior liens, pursuant to
11 U.S.C. section 361(2) and 363 to the extent of the Debtor's use
of the Secured Creditor's cash collateral and to the extent the
value of the Collateral declines after the Petition Date.

The Adequate Protection Payments and Replacement Liens granted will
be automatically deemed perfected upon entry of the Order without
the necessity of the Secured Creditors taking possession, filing
financing statements, mortgages or other documents.

A final hearing on the matter is set for August 14, 2024.

A copy of the court's order and the Debtor's budget is available at
https://urlcurt.com/u?l=Dg3ctk from PacerMonitor.com.

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

    $128,360 for May 2024;
     $49,860 for June 2024;
    $107,360 for July 2024; and
     $42,360 for August 2024.

                     About DePetris Family LLC

DePetris Family LLC owns and operates a shopping center located at
200 Tuckerton Road, Medford, NJ 08053. The Debtor sought protection
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Pa. Case
No. 23-12542) on August 25, 2023. In the petition signed by James
DePetris, manager, the Debtor disclosed up to $50 million in both
assets and liabilities.

Judge Magdeline D. Coleman oversees the case.

Allen B. Dubroff, Esq., at Allen B. Dubroff Esq. & Associates, LLC,
represents the Debtor as legal counsel.


DIAMOND FOUNDRY: S&P Withdraws 'B-' Issuer Credit Rating
--------------------------------------------------------
S&P Global Ratings withdrew its rating on laboratory-grown diamonds
manufacturer Diamond Foundry Inc. at the issuer's request. At the
time of the withdrawal, S&P's rating on the San Francisco-based
company was 'B-', with a stable outlook.




DIOCESE OF SACRAMENTO: Committee Taps Stinson LLP as Legal Counsel
------------------------------------------------------------------
The official committee of unsecured creditors of The Roman Catholic
Bishop of Sacramento seeks approval from the U.S. Bankruptcy Court
for the Eastern District of California to hire Stinson LLP as its
bankruptcy counsel.

The firm's services include:

     (a) consulting with the Debtor and the Office of the United
States Trustee regarding administration of the case;

     (b) advising the Committee with respect to its rights, powers,
and duties as they relate to the case;

     (c) investigating the acts, conduct, assets, liabilities, and
all legal issues relating to the financial condition of the
Debtor;

     (d) assisting the Committee in analyzing the Debtor's
pre-petition and post petition relationships with its creditors,
equity interest holders, employees, and other parties in interest;

     (e) assisting and negotiating on the Committee's behalf in
matters relating to the claims of the Debtor's other creditors;

     (f) assisting the Committee in preparing pleadings and
applications as may be necessary to further the Committee's
interests and objectives;

     (g) researching, analyzing, investigating, filing and
prosecuting litigation on behalf of the Committee in connection
with issues including but not limited to avoidance actions or
fraudulent conveyances;

     (h) representing the Committee at hearings and other
proceedings;

     (i) reviewing and analyzing applications, orders, statements
of operations, and schedules filed with the Court and advising the
Committee regarding all such materials;

     (j) aiding and enhancing the Committee's participation in
formulating a plan;

     (k) assisting the Committee in advising its constituents of
the Committee's decisions, including the collection and filing of
acceptances and rejections to any proposed plan;

     (l) negotiating and mediating issues relating to the value and
payment of claims held by the Committee's constituency; and

     (m) performing such other legal services as may be required
and are deemed to be in the interests of the Committee.

The firm will be paid at these rates:

     Partners             $480 to $880 per hour
     Associates           $295 to $500 per hour
     Paralegals           $250 to $300 per hour

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

The following is provided in response to the request for additional
information contained in paragraph D.1. of the U.S. Trustee
Guidelines:

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

   Response: Yes. As outlined in Paragraph 7 above, Stinson has
agreed to cap its blended hourly rate and impose a cap on the
highest hourly rate for the benefit of the Committee's constituency
(i.e., holders of sexual abuse claims against the Debtor).
Additionally, Stinson has agreed not to charge the Committee for
its travel time or expenses.

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

   Response: Stinson's professionals included in this engagement
have not varied their rate based on the geographic location of the
Chapter 11 Case.

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

   Response: Stinson did not represent the Committee prior to the
Petition Date.

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

   Response: The Committee has reviewed and approved Stinson's
proposed hourly billing rates, and a generalized overview of the
staffing, cost, and strategy for the first three months of the
case. Stinson has discussed with the Committee the typical cost
associated with the beginning stages of a chapter 11 case of this
kind, but Stinson and the Committee have not agreed to operate
subject to a formal budget and staffing plan, given the
complexities of this case.

Robert T. Kugler, Esq., a partner at Stinson 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:

     Robert T. Kugler, Esq.
     Edwin H. Caldie, Esq.
     Clarissa C. Brady, Esq.
     Stinson LLP
     50 South Sixth Street, Suite 2600
     Minneapolis, MN 55402
     Tel: (612) 335-1500
     Fax: (612) 335-1657
     Email: robert.kugler@stinson.com
            ed.caldie@stinson.com
            clarissa.brady@stinson.com

       About Diocese of Sacramento

The Diocese of Sacramento is a Latin Church ecclesiastical
territory or diocese of the Catholic Church in the northern
California region of the United States.

Facing hundreds of lawsuits after California paused for three years
its statute of limitation on claims for child sexual abuse, the
Roman Catholic Bishop of Sacramento filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 24-bk-21326) on April 1, 2024.

In its petition, the Diocese listing estimated liabilities between
$100 million and $500 million in its petition. It listed assets
also between $100 million and $500 million.

The Honorable Christopher M Klein is the case judge.

Felderstein Fitzgerald Willoughby Pascuzzi & Rios LLP and Sheppard,
Mullin, Richter & Hampton LLP are the Debtor's attorneys. The
Debtor tapped Weinstein & Numbers, LLP, as special insurance
counsel; B. Riley as financial advisor; and Greene & Roberts, LLP,
as special litigation counsel and general corporate counsel.


DIXON HOLDINGS: Unsecureds to Get Share of Sale, Action Proceeds
----------------------------------------------------------------
Dixon Holdings, LLC, submitted a Disclosure Statement for Chapter
11 Plan of Reorganization, dated May 1, 2024.

The Plan will provide for the restructuring of debt owed to WBL in
connection with the WBL Loan and the liquidation of certain of the
Debtor's Assets to repay creditors. Other than the restructuring of
the WBL Loan and the non-payment of a Claim asserted by Angioli,
which she previously released in the settlement agreement, the Plan
will provide for repayment of debts in full to all of the Debtor's
creditors over a five-year plan period. Additionally, the Plan will
provide for issuance of equity in a Reorganized Debtor that will
exist and continue the Debtor's business operations
post-confirmation.

The Plan will be funded from the Debtor's cash on hand, income
generated from the Debtor's prepetition and post-petition business
operations (i.e., rental income from the Apartment Building), the
Sale Proceeds (which includes proceeds from the sales of the
Florida Lots and the expected sale of the Divine Road Property),
the Litigation Proceeds, and the Avoidance Action Proceeds (as
those terms are defined in the Plan). The Plan provides for the
Reorganized Debtor to prosecute Causes of Action and Avoidance
Actions, continue the Debtor's business operations, and liquidate
the Divine Road Property.

Under the Plan, Class 4: General Unsecured Claims are impaired. All
holders of Allowed General Unsecured Claims will receive their pro
rata share of (i) the Sale Proceeds, (ii) the Avoidance Action
Proceeds, (iii) the Litigation Proceeds, and (iv) the Reorganized
Debtor's business operations during the 5 years after the Effective
Date. Holders of Allowed Class 3 Claims will be paid quarterly over
the period of 5 years after the Effective Date with the first
quarterly payment to be paid in the quarter in which the Effective
Date occurs or as soon thereafter as is reasonably practicable.

Attorneys for Debtor:

     Steven M. Berman, Esq.
     SHUMAKER, LOOP & KENDRICK, LLP
     101 E. Kennedy Blvd., Suite 2800
     Tampa, FL 33602
     Tel: (813) 229-7600
     Fax: (813) 229-1660
     E-mail: sberman@shumaker.com

A copy of the Plan of Reorganization dated May 1, 2024, is
available at https://tinyurl.ph/txvSN from PacerMonitor.com.

                       About Dixon Holdings

Dixon Holdings, LLC is a single asset real estate debtor (as
defined in 11 U.S.C. Section 101(51B)). The company is based in
North Port, Fla.

Dixon Holdings sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. M.D. Fla. Case No. 24-00011) on January 2,
2024, with up to $10 million in assets and up to $1 million in
liabilities. Roberta Masnyj, manager, signed the petition.

Judge Roberta A. Colton oversees the case.

Steven M. Berman, Esq., at Shumaker, Loop & Kendrick, LLP,
represents the Debtor as legal counsel.


DURECT CORP: Gets FDA Breakthrough Designation for Larsucosterol
----------------------------------------------------------------
DURECT Corporation announced that the U.S. Food and Drug
Administration (FDA) has granted Breakthrough Therapy designation
(BTD) to larsucosterol for the treatment of patients with severe
alcohol-associated hepatitis (AH).

"We're pleased with the FDA's decision to grant Breakthrough
Therapy designation to larsucosterol, as it further recognizes its
potential to save the lives of AH patients," said James E. Brown,
D.V.M., President and CEO of DURECT.  "AH has a high mortality rate
and no currently approved treatments, so there is a great need for
a safe and effective therapy.  We continue to finalize the design
of our planned registrational Phase 3 trial for larsucosterol,
incorporating the recent FDA feedback and promising data from our
completed Phase 2b AHFIRM trial.  We look forward to releasing
additional clinical data on larsucosterol and potentially bringing
this therapy to patients as soon as possible."

The BTD is supported by clinical evidence from the Phase 2b AHFIRM
trial, a double-blind, placebo-controlled, international,
multi-center study, which evaluated the safety and efficacy of
larsucosterol as a treatment for patients with severe AH.  Topline
data from the study were announced in 2023, and further details
will be shared in a late-breaking oral presentation at the European
Association for the Study of the Liver (EASL) Congress 2024 on June
8, 2024 in Milan, Italy.

BTD is designed to expedite the development and review of therapies
intended to treat a serious or life-threatening condition and whose
preliminary clinical evidence indicates that the drug may
demonstrate substantial improvement on one or more clinically
significant endpoints over existing available therapies.  BTD
provides therapeutics with all the benefits from a Fast Track
designation, such as early and frequent communication with the FDA,
eligibility for rolling review and other actions to expedite
review, in addition to intensive guidance and organizational
commitment involving senior FDA managers.  BTD does not change the
standards for product approval but may expedite the process.

                      About DURECT Corporation

Headquartered in Cupertino, CA, DURECT is a late-stage
biopharmaceutical company pioneering the development of epigenetic
therapies that target dysregulated DNA methylation to transform the
treatment of serious and life-threatening conditions, including
acute organ injury and cancer.  Larsucosterol, DURECT's lead drug
candidate, binds to and inhibits the activity of DNA
methyltransferases (DNMTs), epigenetic enzymes that are elevated
and associated with hypermethylation found in alcohol-associated
hepatitis (AH) patients.  Larsucosterol is in clinical development
for the potential treatment of AH, for which the FDA has granted a
Fast Track and a Breakthrough Therapy designation; metabolic
dysfunction-associated steatohepatitis (MASH) is also being
explored.  In addition, POSIMIR (bupivacaine solution) for
infiltration use, a non-opioid analgesic utilizing the innovative
SABER platform technology, is FDA-approved and is exclusively
licensed to Innocoll Pharmaceuticals for sale and distribution in
the United States.

San Francisco, California-based Ernst & Young LLP, the Company's
auditor since 1998, issued a "going concern" qualification in its
report dated March 28, 2024, citing that the Company has an
accumulated deficit as well as negative cash flows from operating
activities and has stated that substantial doubt exists about the
Company's ability to continue as a going concern.


DURECT CORP: Incurs $7.64 Million Net Loss in First Quarter
-----------------------------------------------------------
Durect Corporation filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $7.64 million on $1.83 million of total revenues for the three
months ended March 31, 2024, compared to a net loss of $11.99
million on $2.05 million of total revenues for the three months
ended March 31, 2023.

As of March 31, 2024, the Company had $36.22 million in total
assets, $24.74 million in total current liabilities, $2.47 million
in operating lease liabilities, $716,000 in other long-term
liabilities, and $8.3 million in stockholders' equity.

As of March 31, 2024, the Company had an accumulated deficit of
$596.6 million as well as negative cash flows from operating
activities.  Presently, the Company does not have sufficient cash
resources to meet its plans for the next twelve months following
the issuance of these financial statements.  The Company will
continue to require substantial funds to continue research and
development, including clinical trials of its product candidates.
According to the Companny, these factors raise substantial doubt
regarding the Company's ability to continue as a going concern for
a period of one year from the issuance of these financial
statements.  Management's plans in order to meet its operating cash
flow requirements include seeking additional collaborative
agreements for certain of its programs as well as financing
activities such as public offerings and private placements of its
common stock, preferred stock offerings, issuances of debt and
convertible debt instruments.

Durect said, "There are no assurances that such additional funding
will be obtained and that the Company will succeed in its future
operations.  If the Company cannot successfully raise additional
capital and implement its strategic development plan, its
liquidity, financial condition and business prospects will be
materially and adversely affected, and the Company may have to
cease operations...[T]he Company classified the remaining balance
of its term loan as a current liability on the Company's balance
sheet as of March 31, 2024 and December 31, 2023 due to the timing
of repayment obligations and due to recurring losses, liquidity
concerns and a subjective acceleration clause in the Company's Loan
Agreement. These financial statements have been prepared on a going
concern basis and do not include any adjustments to the amounts and
classification of assets and liabilities that may be necessary in
the event the Company can no longer continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1082038/000095017024059500/drrx-20240331.htm

                         About DURECT Corporation

Headquartered in Cupertino, CA, DURECT is a late-stage
biopharmaceutical company pioneering the development of epigenetic
therapies that target dysregulated DNA methylation to transform the
treatment of serious and life-threatening conditions, including
acute organ injury and cancer.  Larsucosterol, DURECT's lead drug
candidate, binds to and inhibits the activity of DNA
methyltransferases (DNMTs), epigenetic enzymes that are elevated
and associated with hypermethylation found in alcohol-associated
hepatitis (AH) patients.  Larsucosterol is in clinical development
for the potential treatment of AH, for which the FDA has granted a
Fast Track and a Breakthrough Therapy designation; metabolic
dysfunction-associated steatohepatitis (MASH) is also being
explored.  In addition, POSIMIR (bupivacaine solution) for
infiltration use, a non-opioid analgesic utilizing the innovative
SABER platform technology, is FDA-approved and is exclusively
licensed to Innocoll Pharmaceuticals for sale and distribution in
the United States.

San Francisco, California-based Ernst & Young LLP, the Company's
auditor since 1998, issued a "going concern" qualification in its
report dated March 28, 2024, citing that the Company has an
accumulated deficit as well as negative cash flows from operating
activities and has stated that substantial doubt exists about the
Company's ability to continue as a going concern.


EIGER BIOPHARMACEUTICALS: Wants to Keep Bankruptcy Case in Texas
----------------------------------------------------------------
Randi Love of Bloomberg Law reports that Eiger Biopharmaceuticals
fights to keep its bankruptcy in Texas.

Drug developer Eiger Biopharmaceuticals Inc. defended its decision
to file for bankruptcy in Texas, saying its sole asset in the
United States is a legal retainer held in Dallas.

The company is pushing back against an April bid from the
Department of Justice’s bankruptcy monitoring leg to have Eiger's
Chapter 11 case transferred or dismissed. The publicly-traded
company, which filed for bankruptcy in April, develops drugs for
rare metabolic diseases and listed Palo Alto, California as its
principal place of business in Chapter 11 petition.

                   About Eiger BioPharmaceuticals

Palo Alto, California-based Eiger BioPharmaceuticals, Inc., is a
commercial-stage biopharmaceutical company focused on the
development of innovative therapies for rare metabolic diseases.
The Company's shares traded on Nasdaq under the symbol "EIGR".

Eiger Biopharmaceuticals Inc. and its subsidiaries sought relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. N.D. Tex. Lead
Case No. 24-80040) on April 1,2024. In its petition, Eiger listed
$38.8 million in assets and $53.1 million in liabilities as of the
bankruptcy filing.

Eiger is represented by Sidley Austin LLP as its legal counsel,
Alvarez & Marsal as its financial advisor and SSG Capital Advisors,
LLC as its restructuring investment banker. Kurtzman Carson
Consultants LLC is the claims agent.


EL DORADO SENIOR: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: El Dorado Senior Care, LLC
          d/b/a Oak Hills Senior Care
          d/b/a Oak Creek Senior Care
          d/b/a Oak Grove Senior Care
          d/b/a Oakridge Senior Care
          d/b/a Oak Haven Senior Care
          d/b/a El Dorado Senior Care
       2920 Tam O'Shanter Drive
       El Dorado Hills, CA 95762

Business Description: The Debtor owns and operates community care
                      facilities for the elderly.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       Eastern District of California

Case No.: 24-22208

Judge: Hon. Fredrick E. Clement

Debtor's Counsel: D. Edward Hays, Esq.
                  MARSHACK HAYS WOOD LLP
                  870 Roosevelt
                  Irvine, CA 92620-3663
                  Tel: (949) 333-7777
                  Fax: (949) 333-7778
                  Email: ehays@marshackhays.com

Total Assets as of Dec. 31, 2023: $3,420,371

Total Liabilities as of Dec. 31, 2023: $3,127,562

The petition was signed by Benjamin L. Foulk as owner/manager.

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

https://www.pacermonitor.com/view/E56ZSHQ/El_Dorado_Senior_Care_LLC__caebke-24-22208__0001.0.pdf?mcid=tGE4TAMA


ELEVATION SERVICES: Ares Capital Marks $600,000 Loan at 17% Off
---------------------------------------------------------------
Ares Capital Corporation has marked its $600,000 loan extended to
Elevation Services Parent Holdings, LLC to market at $500,000 or
83% of the outstanding amount, as of March 31, 2024, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First lien senior secured
revolving loan to Elevation Services Parent Holdings, LLC. The loan
accrues interest at a rate of 11.46% (SOFR (Q) +6%) per annum. The
loan matures in December 2026.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Elevation Services is an internet marketing company.



ENERGIZER HOLDINGS: S&P Rates New $838MM Secured Term Loan B 'BB'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB' issue-level rating to
U.S.-based Energizer Holdings Inc.'s proposed $838 million senior
secured term loan B due Dec. 22, 2027. The recovery rating is '1',
reflecting its expectation for very high (90%-100%; rounded
estimate: 95%) recovery in the event of a payment default. The
proposed transaction, which includes an anticipated modest price
reduction, will replace the existing term loan B facility. S&P will
withdraw its rating on the existing facility following close.

S&P's 'B+' issuer credit rating and stable outlook are unchanged.

The 'B' issue-level rating is unchanged on the group's
approximately $2.4 billion of senior unsecured notes. The recovery
rating on the notes is '5', reflecting our expectation for modest
(10%-30%; rounded estimate: 20%) recovery in the event of a payment
default. Our rounded recovery estimate on the notes has increased
to 20% from 10% following almost $145 million of senior secured
term loan payments since year end 2023, implying greater enterprise
value remaining for senior unsecured noteholders in the event of a
default.

ISSUE RATINGS - RECOVERY ANALYSIS

Key analytical factors:

The debt capital structure primarily consists of:

-- $500 million senior secured revolving credit facility due Dec.
22, 2025 (no borrowings);

-- Proposed $838 million senior secured term loan B due Dec. 22,
2027;

-- $300 million senior unsecured notes due Dec. 31, 2027;

-- $600 million senior unsecured notes due June 15, 2028;

-- $800 million senior unsecured notes due March 31, 2029;

-- EUR650 million senior unsecured notes due June 30, 2029.

Energizer Holdings Inc. is the borrower of the revolver and term
loan and issuer of the U.S. senior unsecured notes. The issuer of
the euro notes is Energizer Gamma Acquisition B.V. S&P said, "We
view the euro notes as pari passu with the U.S. unsecured notes
because they are guaranteed by Energizer and its restricted
domestic subsidiaries. In the event of an insolvency proceeding,
the company and its subsidiaries would likely file for bankruptcy
protection under the auspices of the U.S. federal bankruptcy court
system as most of its debt is in the U.S. We believe creditors
would receive maximum recovery in a payment default scenario if the
company reorganized instead of liquidated primarily because of its
well-recognized brand names, primarily Energizer. Therefore, in
evaluating recovery prospects for debtholders, we assume the
company continues as a going concern and arrive at our emergence
enterprise value by applying a multiple to our assumed emergence
EBITDA."

Simulated default assumptions:

-- S&P's simulated default scenario contemplates a default in
2028, reflecting accelerating volume declines on weak market
demand, heightened competition, client attrition, inefficient
research and product development spending, or the inability to
raise prices. These factors lead to significant EBITDA and cash
flow deterioration, causing a payment default.

Calculation of EBITDA at emergence:

-- Debt service: $191 million (default year interest plus
amortization)

-- Minimum capex: $59 million

-- Preliminary emergence EBITDA: $250 million

-- Operational adjustment: $75 million (30%)

-- Emergence EBITDA: $325 million

S&P estimates $2.0 billion gross emergence enterprise value, which
incorporates a 6x multiple to emergence EBITDA; the multiple is in
line with those used for U.S.-based branded nondurable products
issuers.

Simplified waterfall:

-- Gross recovery value: $2.0 billion

-- Net recovery value for waterfall after administrative expenses
(5%): $1.9 billion

-- Obligor/nonobligor valuation split: 54%/46%

-- Estimated priority claims (Trade Receivables Factoring): $102
million

-- Value available for first-lien claims: $1.5 billion

-- Estimated first-lien claims: $1.3 billion

    --Recovery range: 90%-100% (rounded estimate: 95%)

-- Value available for unsecured claims: $503 million

-- Estimated senior unsecured claims: $2.5 billion

    --Recovery range: 10%-30% (rounded estimate: 20%)



ERESEARCH TECHNOLOGY: Moody's Rates New $1.9BB First Lien Loan 'B2'
-------------------------------------------------------------------
Moody's Ratings assigned a B2 rating to the proposed $1.958 billion
backed senior secured first lien term loan B of eResearch
Technology, Inc. ("ERT"). There are no changes to ERT's existing
ratings including the B3 Corporate Family Rating, B3-PD Probability
of Default Rating, and B2 rating on the senior secured first lien
revolving credit facilities. The outlook remains unchanged at
stable.

Proceeds from the new $1.958 billion term loan will be used to
repay the company's existing first lien term loan.

RATINGS RATIONALE

ERT's B3 CFR is constrained by the company's high financial
leverage with Moody's adjusted debt-to-EBITDA of approximately 8
times for the fiscal year ending December 31, 2023. Moody's expects
that earnings growth will result in ERT's debt-to-EBITDA improving
to the low-to-mid 7 times range over the next 12 to 18 months,
assuming no significant debt-funded acquisitions. The rating is
also constrained by the risk that larger better capitalized
companies could choose to pursue developing their own eCOA
software.

The B3 rating is supported by the company's strong market position
in the niche eCOA and clinical imaging markets, solid EBITDA
margins in the low 30 percent range, and high revenue visibility
provided by contract backlog. The rating also benefits from the
company's solid growth prospects driven by favorable long-term
industry fundamentals and growth in the number of clinical trials
continuing over the next few years.

ERT's ESG credit impact score is CIS-4 indicating that the rating
is lower than it would have been if ESG risk exposures did not
exist. ERT has high exposure to governance risk considerations,
most notably with aggressive financial policies under private
equity ownership (G-4). The company has a track record of incurring
additional debt to fund acquisitions to supplement organic growth,
resulting in high levels of debt and financial leverage.

The outlook is stable. Despite ERT's high financial leverage,
Moody's expects that favorable dynamics in the sector will drive
further growth for the company, aiding in deleveraging to the
low-to-mid 7 times range over the next 12 to 18 months.

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

The ratings could be upgraded if ERT exhibits sustained revenue and
earnings growth. Ratings could also be upgraded if the company
demonstrates less aggressive financial policies with increased
stability in profit margins. Ratings could be upgraded if the
company demonstrates a track record of strong positive free cash
flow generation. Quantitatively, ratings could be upgraded if
debt/EBITDA approaches 6 times on Moody's basis.

Ratings could be downgraded if ERT's operating performance
deteriorates. Ratings could also be downgraded if ERT experiences a
material reduction to its profitability. Ratings could be
downgraded if a weakening of liquidity occurs, such as free cash
flow remaining negative on a sustained basis or a notable increase
in revolver usage. Quantitatively, ratings could be downgraded if
EBITA-to-interest expense was sustained below 1.0 times.

Headquartered in Philadelphia, Pennsylvania, ERT is a provider of
digital endpoint solutions for clinical trial conduct, spanning
imaging solutions, centralized cardiac safety, respiratory efficacy
services, and electronic clinical outcome assessment solutions to
biopharmaceutical sponsors and contract research organizations
(CROs). ERT is owned by private equity funds managed by Nordic
Capital, Astorg Partners, Novo Holdings and Cinven. ERT generated
revenues of nearly $1 billion for the fiscal year ended December
31, 2023.

The principal methodology used in this rating was Business and
Consumer Services published in November 2021.


ETTA COLLECTIVE: Inkind Buys Company's Assets for $4 Million
------------------------------------------------------------
Ashok Selvam of Eater Chicago reports that it's a new era at Etta
Collective with co-founder David Pisor officially out of the
once-mighty restaurant group. On Monday, April 15, 2024, a $4
million sale was finalized with Austin, Texas-based InKind buying
Etta Collective's assets.

Over in Bucktown, it's business as usual for Etta's staff. Earlier
in 2024, Etta filed for Chapter 11 bankruptcy in multiple states
punctuated by the abrupt closure of Etta's River North location.
Etta's assets were sold in a private auction held on March 25,
2024.  There was a chance Pisor could have remained in control with
help from a "stalking horse bidder," but InKind, a restaurant tech
company, placed the winning bid. The sale was finalized on April
15, 2024.

Etta Collective formed after the disintegration of What If
Syndicate, a group founded by Pisor and former partner James Lasky.
The two engaged in a brutal legal slugfest before setting and
splitting the company with Lasky and chef Danny Grant taking
boisterous Gold Coast steakhouse Maple & Ash and Pisor taking Etta,
Aya Pastry, and now-defunct Cafe Sophie in Gold Coast.

While Maple & Ash remains a tough table, Etta struggled to keep up
with bills in the aftermath of the split, eventually resulting in
the February bankruptcy filings.

                       About Etta Collective

Etta Collective is a full-service restaurant.

Etta Collective sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No.: 24-10146) on February 1,
2024. In the petition filed by David Pisor, as manager, the Debtor
reports estimated assets between $100,000 and $500,000 and
estimated liabilities between $1 million and $10 million.

The Debtor is represented by:

     Maria Aprile Sawczuk, Esq.
     GOLDSTEIN & MCCLINTOCK LLLP
     501 Silverside Road
     Suite 65
     Wilmington, DE 19809
     Tel: 302-444-6710
     Fax: 302-444-6709
     E-mail: marias@goldmclaw.com



EVERYTHING BLOCKCHAIN: Incurs $7.85M Net Loss in FY Ended Jan. 31
-----------------------------------------------------------------
Everything Blockchain, Inc., filed with the Securities and Exchange
Commission its Annual Report on Form 10-K reporting a net loss of
$7.85 million on $267,000 of revenue for the year ended Jan. 31,
2024, compared to a net loss of $9.44 million on $301,000 of
revenue for the year ended Jan. 31, 2023.

As of Jan. 31, 2024, the Company had $22.20 million in total
assets, $3.59 million in total liabilities, and $18.61 million in
total stockholders' equity.

Mitzpe Netofa, Israel-based Elkana Amitai CPA, the Company's
auditor since 2022, issued a "going concern" qualification in its
report dated May 15, 2024, citing that as of Jan. 31, 2024, the
Company suffered losses from operations in all years since
inception, except for the year ended Jan. 31, 2022.  These and
other factors raise substantial doubt about the Company's ability
to continue as a going concern.

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1730869/000147793224002949/ebi_10k.htm

                   About Everything Blockchain

Everything Blockchain, Inc., which is headquartered in
Jacksonville, Florida, is primarily engaged in the business of
consulting and developing data management, blockchain and
cybersecurity related solutions.  Everything Blockchain is a
technology company that is blending blockchain, zero-trust, and
database management technology to create a platform to solve real
world, practical business problems.  The Company's business model
is based on building recurring revenue through software
subscriptions, licensing agreements, and transaction fees.  Its
patent-pending advances in blockchain engineering deliver the
essential elements needed for real-world business use: speed,
security, and energy efficiency. Currently, the Company's lines of
business are EB Advise, BuildDB and EB Control.


EXELA TECHNOLOGIES: Incurs $25.6 Million Net Loss in First Quarter
------------------------------------------------------------------
Exela Technologies, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $25.57 million on $258.81 million of revenue for the three
months ended March 31, 2024, compared to a net loss of $45.44
million on $273.62 million of revenue for the three months ended
March 31, 2023.

As of March 31, 2024, the Company had $591.80 million in total
assets, $1.47 billion in total liabilities, and a total
stockholders' deficit of $881.63 million.

The Company concluded that the following conditions raised
substantial doubt about its ability to continue as a going
concern:

   * a history of net losses, including net losses of $25.6
million
     for the three months ended March 31, 2024;
  
   * net operating cash outflow of $29.1 million for the three
     months ended March 31, 2024;

   * a working capital deficit of $214.3 million as of March 31,
     2024; and

   * an accumulated deficit of $2,109.0 million as of March 31,
     2024.

The Company has undertaken and/or completed the following plans and
actions to improve its available cash balances, liquidity or cash
generated from operations:

   * identified and in the process of executing on significant cost

     savings for fiscal year 2024; and

   * issued approximately $764.8 million aggregate principal amount

     of April 2026 Notes in exchange for $956.0 million aggregate
     principal amount of existing 2026 Notes that provide
     flexibility to pay up to 50% of the interest payments in 2024

     using April 2026 Notes instead of cash.

Exela said, "In addition to these actions, management has reviewed
the Company's operational plans which include executing on price
increases, and projected growth of margins.  The Company will have
to continue to achieve positive operating cash flows and restore
profitability over the next twelve months and otherwise execute its
business plan.  However, the Company's ability to execute its
operational plans is uncertain and its ability to obtain additional
financing in the debt and equity capital markets is subject to
several factors, including market and economic conditions, the
Company's performance and investor sentiment with respect to the
Company and its industry, and considering these factors are outside
of the Company's control, substantial doubt about the Company's
ability to continue as a going concern exists.  The condensed
consolidated financial statements do not, however, include any
adjustments to the carrying amounts and classification of assets,
liabilities, and reported expenses that may be necessary if the
Company were unable to continue as a going concern."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1620179/000155837024008289/xela-20240331x10q.htm

                      About Exela Technologies

Headquartered in Irving, Texas, Exela Technologies, Inc. --
www.exelatech.com -- is a global provider of transaction processing
solutions, enterprise information management, document management
and digital business process services.  The Company's
technology-enabled solutions allow global organizations to address
critical challenges resulting from the massive amounts of data
obtained and created through their daily operations.  Its solutions
address the life cycle of transaction processing and enterprise
information management, from enabling payment gateways and data
exchanges across multiple systems, to matching inputs against
contracts and handling exceptions, to ultimately depositing
payments and distributing communications.

Iselin, New Jersey-based EisnerAmper LLP, the Company's auditor
since 2023, issued a "going concern" qualification in its report
dated April 3, 2024, citing that the Company has experienced
recurring losses, has a working capital deficit and stockholders'
deficit and significant future required cash payments for interest
under its long-term debt obligations that raise substantial doubt
about its ability to continue as a going concern.

                             *   *   *

As reported by the TCR on Aug. 24, 2023, S&P Global Ratings raised
its issuer credit rating on Exela Technologies Inc. to 'CCC' from
'SD' (selective default).  S&P said, "Despite improving revenue
trends and cost savings, we forecast limited liquidity cushion in
January and July of 2024."


FAITH BAPTIST: Hires Stevens Martin Vaughn & Tadych as Counsel
--------------------------------------------------------------
Faith Baptist Church of Knightdale, N.C., Inc. seeks approval from
the U.S. Bankruptcy Court for the Eastern District of North
Carolina to hire Stevens Martin Vaughn & Tadych PLLC as its
counsel.

The firm will provide these services:

     a. prepare on behalf of Debtor necessary applications,
complaints, answers, orders, reports, motions, notices, plan of
reorganization, disclosure statement, and other papers necessary to
Debtor's reorganization case;

     b. perform all necessary legal services in connection with the
Debtor's reorganization, including Court appearances, research,
opinions and consultations on reorganization options, direction,
and strategy; and

    c. perform all other legal services for Debtor which may be
necessary in this Chapter 11 case.

The firm will be paid at these rates:

         William P. Janvier            $540 per hour
         Kathleen O'Malley             $340 per hour
         Law clerks and paralegals     $165 per hour

The firm received from the Debtor a retainer of $10,000.

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

Kathleen O'Malley, Esq., a partner at Stevens Martin Vaughn &
Tadych, 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:

     Kathleen O'Malley , Esq.
     Stevens Martin Vaughn & Tadych, PLLC
     2225 W. Millbrook Road,
     Raleigh, NC 27612
     Telephone: (919) 582-2300
     Email: komalley@smvt.com

           About Faith Baptist Church of Knightdale, N.C.

Faith Baptist Church of Knightdale, N.C. is the fee simple owner of
a real property located at 2827 Marks Creek Rd., Knightdale, NC
27545 having a current value of $11.5 million.

Faith Baptist Church of Knightdale, N.C., Inc. filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.C. Case No. 24-01592) on May 10, 2024, listing $11,692,116 in
total assets and $1,259,748 in liabilities. The petition was signed
by Jon Wallace as trustee.

Judge David M Warren presides over the case.

Kathleen O'Malley, Esq. at Stevens Martin Vaughn & Tadych PLLC
represents the Debtor as counsel.


FCA CONSTRUCTION: Hires Fishman Haygood as Bankruptcy Counsel
-------------------------------------------------------------
FCA Construction LLC seeks approval from the U.S. Bankruptcy Court
for the Eastern District of New York to hire Fishman Haygood, L.L.P
as bankruptcy counsel.

The firm's services will include:

     a. advising the Debtors with respect to their rights, powers
and duties in the continued operation and management of their
business and property;

     b. preparing and pursuing confirmation of a plan of
reorganization and approval of a disclosure statement;

     c. preparing legal documents and reviewing all financial
reports to be filed;

     d. advising the Debtors concerning and preparing responses to
applications, motions, pleadings, notices and other documents which
may be filed by other parties;

     e. appearing in court;

     f. representing the Debtors in connection with the use of cash
collateral or obtaining post-petition financing;

     g. assisting in the negotiation and documentation of financing
agreements, cash collateral orders and related transactions;

     h. investigating the nature and validity of liens asserted
against the property of the Debtors, and advising the Debtors
concerning the enforceability of said liens;

     i. investigating and advising the Debtors concerning, and
taking such action as may be necessary to collect, income and
assets in accordance with applicable law, and the recovery of
property for the benefit of the Debtors' estate;

     j. advising and assisting the Debtors in connection with any
potential property dispositions;

     k. advising the Debtors concerning executory contract and
unexpired lease assumptions, assignments and rejections and lease
restructuring, and recharacterizations;

     l. assisting the Debtors in reviewing, estimating and
resolving claims asserted against the Debtors' estate;

     m. commencing and conducting litigation necessary and
appropriate to assert rights held by the Debtors, protect assets of
the Debtors' chapter 11 estates or otherwise further the goal of
completing the Debtors' successful reorganization; and

     n. performing all other legal services for the Debtors which
may be necessary and proper in these cases.

Fishman Haygood's hourly rates are:

     Tristan Manthey      $570
     Other Partners       $350 to $525
     Associates           $225 to $395
     Paralegals           $210

Fishman Haygood is a "disinterested person" as that term is defined
in section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

     Tristan Manthey, Esq.
     Fishman Haygood, LLP
     201 St. Charles Avenue, Suite 4600
     New Orleans, LA 70170-4600
     Telephone: (504) 556-5525
     Facsimile: (504) 586-5250
     Email: tmanthey@fishmanhaygood.com

            About FCA Construction

FCA Construction LLC is a general contractor specializing in
residential construction and roofing, commercial construction and
roofing, disaster recovery, disaster roof replacement, and
electrical and mechanical services.

The Debtor filed a petition under Chapter 11, Subchapter V of the
Bankruptcy Code (Bankr. E.D. La. Case No. 24-10702) on April 11,
2024, with $3,417,686 in assets as of March 31, 2024 and $7,768,774
in liabilities as of March 31, 2024. Albert Courcelle, III, member,
signed the petition.

Judge Meredith S. Grabill presides over the case.

Tristan Manthey, Esq. at Fishman Haygood, L.L.P. represents the
Debtor as legal counsel.


FOREMOST SPLICING: Court OKs Cash Collateral Access Thru June 18
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri,
Southeastern Division, authorized Foremost Splicing and Cutover,
LLC to use cash collateral on an interim basis, in accordance with
the budget through the date of the final hearing set for June 18,
2024 at 2 p.m.

The Debtor is indebted to the U.S. Small Business Administration in
the approximate amount of $368,900. Mulligan Funding alleges a
balance due from the Debtor of approximately $340,000, and Westwood
Funding Solutions alleges a balance due from the Debtor of
approximately $140,000.

As adequate protection for use of the cash collateral, the SBA will
have first priority replacement liens on all post-petition assets
of the Debtor's estate, to the same extent, validity, priority,
perfection, and enforceability as the SBA's liens on the assets of
the Debtor's estate on the Petition Date, and to the extent of any
diminution in value of the SBA's interest in such assets. The
security and priorities granted to SBA will not affect or impair
the separate existing collateral of all other creditors. Any and
all causes of action under Chapter 5 of the Bankruptcy Code are
expressly excluded from the foregoing replacement liens. The Debtor
agrees to make adequate protection payments in the amount of $1000
per week, per the Budget, beginning the week of May 17, 2024 and
through July 26, 2024. This will result in the Debtor's arrearage
of $7,304 being paid off and will make the Debtor current on its
obligation to SBA as of that date. On August 1, 2024, the Debtor
will make adequate protection payments in the amount of $1,851 per
month until the loan is paid in full.

The replacement liens will be subject only to the following
carve-out: (i) the allowed professional fees and expenses of the
Debtor's bankruptcy counsel, not to exceed $50,000, to be paid as
ordered by the Bankruptcy Court and only to the extent so ordered,
or pursuant to the Court's rules on interim compensation of
professional fees, and (ii) the allowed professional fees and
expenses of the Subchapter V Trustee, payable in the same manner.

As adequate protection for use of the cash collateral, Mulligan
Funding and Westwood Funding Solutions will have second- and
third-priority replacement liens, respectively, on all
post-petition assets of the Debtor's estate, to the same extent,
validity, priority, perfection, and enforceability as their
respective liens on the assets of the Debtor's estate on the
Petition Date, and to the extent of any diminution in value of
their respective interests in such assets.

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

      About Foremost Splicing and Cutover, LLC

Foremost Splicing and Cutover, LLC provides companies of all sizes
the support they need through its fiber cutover and splicing
services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Mo. Case No. 24-10247) on May 7, 2024.
In the petition signed by Dawnna Johnson, president/sole member,
the Debtor disclosed $1,663,478 in assets and $2,431,607 in
liabilities.

Judg Brian C. Walsh oversees the case.

David M. Dare, Esq., at Herren, Dare & Streett, represents the
Debtor as legal counsel.


GARCIA GRAIN: Gets Court OK to Sell Hidalgo Assets to Vantage Bank
------------------------------------------------------------------
Garcia Grain Trading Corp. got the green light from the U.S.
Bankruptcy Court for the Southern District of Texas to sell some of
its assets to Vantage Bank Texas.

The assets include a 5-acre land located in Hidalgo County, Texas,
and improvements thereon.

The assets secure all of Vantage Bank's loans to the company.

Garcia Grain is selling the assets "free and clear" of liens,
according to its agreement with the bank.

Under the deal, Vantage Bank agreed to credit its claim against
Garcia Grain's bankruptcy estate in the amount of $1.35 million,
which is the company's estimated value for the assets.

The bank also agreed to pay the closing costs and any ad valorem
taxes that are due on the assets.

                 About Garcia Grain Trading Corp.

Garcia Grain Trading Corp.'s line of business includes buying and
marketing grain, dry beans, soybeans, and inedible beans. The
company is based in Donna, Texas.

Garcia Grain Trading sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Texas Case No. 23-70028) on Feb. 17,
2023, with $10 million to $50 million in both assets and
liabilities. Octavio Garcia, chief executive officer and president,
signed the petition.

Judge Eduardo V. Rodriguez oversees the case.

David R. Langston, Esq., at Mullin Hoard & Brown, LLP represents
the Debtor as legal counsel.

The U.S. Trustee for Region 7 appointed an official committee to
represent unsecured creditors in the Debtor's Chapter 11 case.
Jordan & Ortiz, P.C. serves as the committee's legal counsel.


GENEVER HOLDINGS: Trustee Taps Harney Westwood as Cayman Counsel
----------------------------------------------------------------
Luc A. Despins, as the Chapter 11 Trustee of Ho Wan Kwok and
Genever Holdings LLC, seeks approval from the U.S. Bankruptcy Court
for the District of Connecticut to hire Harney Westwood and Riegels
LP as his Cayman Islands counsel.

Harneys will render general legal services as Cayman Island counsel
with respect to this Chapter 11 Case.

The firm will be paid at these hourly rates:

     Paralegal            $320
     Associates           $590 to $1,015
     Partners             $1,300

     Ben Hobden           $1,300
     Caitlin Murdock      $910
     Luke Fraser          $910

Ben Hobden, Esq., a partner at Harneys, disclosed in a court filing
that his firm is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Ben Hobden, Esq.
     Harney Westwood & Riegels LP
     3rd Floor, Harbour Place
     103 South Church Street
     Grand Cayman
     PO Box 10240
     KY1-1002
     Cayman Islands
     Tel: (345) 949-8599
     Email: cayman@harneys.com

                    About Ho Wan Kwok

Ho Wan Kwok sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Conn. Case No. 22-50073) on Feb. 15, 2022. Judge
Julie A. Manning oversees the case. Dylan Kletter, Esq., is the
Debtor's legal counsel.

Ho Wan Kwok aka Guo Wengui is an exiled Chinese businessman.
According to Reuters, Guo was a former real estate magnate who fled
China for the U.S. in 2014 ahead of corruption charges. Guo filed
for bankruptcy after a New York court ordered him to pay lender
Pacific Alliance Asia Opportunity Fund $254 million stemming from a
contract dispute. PAX had initially loaned two of Guo's companies
$100 million in 2008 for a construction project in Beijing and sued
Guo when he failed to pay off the loan.

An Official Committee of Unsecured Creditors has been appointed in
the case and is represented by Pullman & Comley, LLC.

Luc A. Despins was appointed Chapter 11 Trustee in the case.


GENIE INVESTMENTS: Committee Taps Holland & Knight as Legal Counsel
-------------------------------------------------------------------
The official committee of unsecured creditors of Genie Investments
NV, Inc. seeks approval from the U.S. Bankruptcy Court for the
Middle District of Florida to employ Holland & Knight LLP as legal
counsel.

The firm's services include:

     a. administration of this Chapter 11 Case and the exercise of
oversight with respect to the Debtor's affairs, including all
issues in connection with the Debtor, the Committee and/or this
Chapter 11 Case;

     b. preparation on behalf of the Committee of necessary
applications, motions, objections, memoranda, orders, reports, and
other legal papers;

     c. appearances in Court, participation in litigation as a
party-in-interest, and at statutory meetings of creditors to
represent the interests of the Committee;

     d. negotiation and evaluation of the use of cash collateral,
any proposed debtor-in-possession financing and any other potential
financing alternatives, as well as matters pertaining to leases and
PACA claims;

     e. negotiation, formulation, drafting and confirmation of a
plan or plans of reorganization or liquidation and matters related
thereto;

     f. investigation, directed by the Committee, of among other
things, unencumbered assets, liabilities, and financial condition
of the Debtor, prior transactions, and operational issues
concerning the Debtor that may be relevant to this Chapter 11
Case;

     g. negotiation and formulation of any proposed sale of any of
the Debtor's assets, including pursuant to section 363 of the
Bankruptcy Code;

     h. communications with the Committee's constituents in
furtherance of its responsibilities, including, but not limited to,
communications required under section 1102 of the Bankruptcy Code;
and

     i. performance of all of the Committee's duties and powers
under the Bankruptcy Code and the Bankruptcy Rules and the
performance of such other services as are in the interests of those
represented by the Committee;

     j. negotiation, formulation, drafting and confirmation of a
plan or plans of reorganization or liquidation and matters related
thereto;

     k. investigation, directed by the Committee, of among other
things, unencumbered assets, liabilities, and financial condition
of the Debtor, prior transactions, and operational issues
concerning the Debtor that may be relevant to this Chapter 11
Case;

     l. negotiation and formulation of any proposed sale of any of
the Debtor's assets, including pursuant to section 363 of the
Bankruptcy Code;

     m. communications with the Committee's constituents in
furtherance of its responsibilities, including, but not limited to,
communications required under section 1102 of the Bankruptcy Code;
and

     n. performance of all of the Committee's duties and powers
under the Bankruptcy Code and the Bankruptcy Rules and the
performance of such other services as are in the interests of those
represented by the Committee.

The firm will be paid at these hourly rates:

     Renee Kemper, Paralegal          $320
     Kameron Fleming, Associate       $490
     Garrison Cohen, Associate        $550
     Edward Fitzgerald, Partner       $725
     Eric Reed, Partner               $695
     Noel Boeke, Partner              $795
     William Fendrick, Partner        $900

The firm received an initial retainer in the amount of $25,000.

Noel R. Boeke, a partner at Holland & Knight, disclosed in a court
filing that the firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Noel R. Boeke, Esq.
     HOLLAND & KNIGHT LLP
     100 North Tampa Street, Suite 4100
     Tampa, FL 33602
     Telephone: (813) 227-8500
     Email: noel.boeke@hklaw.com

            About Genie Investments NV, Inc.

Genie Investments NV Inc., filed a Chapter 11 bankruptcy petition
(Bankr. M.D. Fla. Case No. 24-00496) on Feb. 21, 2024, disclosing
under $1 million in both assets and liabilities. The Debtor hires
Law Offices of Mickler & Mickler, LLP as counsel.


GRAFTECH FINANCE: Moody's Cuts CFR & Senior Secured Notes to Caa1
-----------------------------------------------------------------
Moody's Ratings has downgraded GrafTech Finance, Inc.'s
("GrafTech") Corporate Family Rating to Caa1 from B2, its
Probability of Default Rating to Caa1-PD from B2-PD and the rating
on its senior secured notes and backed senior secured bank credit
facility to Caa1 from B2. At the same time, Moody's downgraded the
rating on the backed senior secured notes issued by GrafTech Global
Enterprises Inc. to Caa1 from B2. The senior secured ratings are
commensurate with the Corporate Family Rating since the revolver
and secured notes share in the same collateral package and account
for virtually all of the debt in the company's capital structure.
GrafTech's Speculative Grade Liquidity Rating ("SGL") was
downgraded to SGL-4 from SGL-3 to reflect its deteriorating
liquidity profile including Moody's expectation for significant
cash consumption in 2024 and limited availability on its revolver
as it continues to breach the springing leverage covenant. The
ratings outlook for GrafTech Finance, Inc. and GrafTech Global
Enterprises Inc. remains negative.

"The downgrade of GrafTech's ratings reflects Moody's expectation
for continued weak operating results and credit metrics and
significant cash consumption in 2024 due to the winding down of
volumes covered under long term agreements at higher price levels,
somewhat weak end market demand and increased competitive
pressures," said Michael Corelli, Moody's Senior Vice President and
lead analyst for GrafTech Finance, Inc.

Governance considerations were a key driver of this rating action
related to GrafTech's financial strategy and risk management. This
was demonstrated by its inability to properly evaluate the
financial risks and severe impact on its operating performance,
cash flows and credit metrics related to competitive market
pressures and the winding down of its long-term agreements. These
risks originated from the debt funded shareholder dividends and
share repurchases initiated when Brookfield Capital Partners had a
controlling ownership interest in GrafTech.

RATINGS RATIONALE

GrafTech's Caa1 Corporate Family Rating reflects its moderate
scale, reliance on one product (graphite electrodes) for the
majority of its revenues that is sold to the highly cyclical steel
sector, dependence on a single facility for the majority of its
needle coke supply which exposes it to potential operational
disruptions, and the fact that its earnings and credit metrics will
remain very weak and its cash flows negative in the near term. The
rating also incorporates its strong market position in the graphite
electrode sector, its internal needle coke supply which is a
positive differentiator in normalized pricing environments and the
continuing gradual shift to electric arc furnace (EAF) steel
production.

GrafTech's operating performance began to materially weaken in 2H
2022 due to softening end market demand, higher energy costs and
the impact of the suspension of its Mexican production facility
which led to a significant loss of market share. Market conditions
deteriorated further in 2023 as graphite electrode producers in
India and China aggressively pursued market share while steel
production remained lackluster in most regions and led to customers
reducing electrode inventories. The company was also negatively
impacted by the winding down of its volumes covered under long term
agreements (LTAs) at much higher price levels. As a result,
GrafTech produced adjusted EBITDA of only $19 million in 2023
versus $542 million in 2022. Moody's anticipate adjusted EBITDA
will remain very weak around break even levels in 2024 despite the
company implementing actions to reduce expenses by about $25
million. The significantly weaker operating performance will result
in credit metrics that are very weak for the current rating.

The very weak operating performance will also lead to significant
cash consumption of more than $100 million in 2024 assuming break
even EBITDA as the company pays about $68 million in interest on
its debt, funds capital expenditures of $35 million - $40 million
and makes modest tax payments and pension contributions. This will
significantly reduce the company's cash balance to about $50
million - $60 million from $177 million in December 2023 and may
lead to liquidity raising actions if market conditions do not
materially improve. The company's non-US assets are unencumbered
and not part of the security package for its revolver and senior
secured notes and could be used to raise additional liquidity if
necessary.

GrafTech's speculative grade liquidity rating of SGL-4 incorporates
its deteriorating liquidity profile. The company's liquidity will
become weak in 2024 as it consumes a sizeable amount of cash and
availability on its revolver remains restricted and could quickly
deteriorate further thereafter if weak market conditions persist
and liquidity raising actions are not pursued. The company had $165
million of cash and $110 million of availability on its $330
million revolving credit facility as of March 2024, which had no
outstanding borrowings and $5.5 million of letters of credit
issued. The revolver has a springing maximum senior secured
first-lien net leverage ratio covenant of 4.0x at 35% utilization.
Moody's do not expect material revolver utilization in 2024 but
anticipate the company may need to borrow more significantly on
this facility in 2025 while it continues to exceed a leverage ratio
of 4.0x which reduces availability to $115.5 million in the near
term.

The negative outlook incorporates Moody's expectation for
significant cash consumption and very weak operating results and
credit metrics over the next 12-18 months and the risk they don't
improve to a level that supports the current rating.

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

The ratings upside for GrafTech is limited by its reliance on a
single needle coke facility for the majority of its supply and its
focus on one product category that serves the highly cyclical steel
sector. However, an upgrade could be considered if the competitive
environment becomes more constructive and the company sustains a
leverage ratio (Debt/EBITDA) below 5.5x, an interest coverage ratio
(EBITDA/Interest) above 2.0x and retained cash flow above 7% of its
outstanding debt.

Moody's could downgrade GrafTech's ratings if its adjusted
financial leverage is sustained above 7.0x, its interest coverage
ratio (EBITDA/Interest) below 1.0x and the company consistently
produces negative free cash flow or experiences a substantive
deterioration in liquidity. Total liquidity declining below $100
million could lead to a downgrade.

GrafTech Finance, Inc. and GrafTech Global Enterprises Inc. are
wholly owned subsidiaries of GrafTech Holdings Inc., which in turn
is 100% owned by GrafTech International Ltd. GrafTech International
Ltd., headquartered in Brooklyn Heights, Ohio, is a manufacturer of
graphite electrodes and needle coke products. The company has about
178,000 metric tons of electrode capacity excluding its idled
facility in St. Mary's, Pennsylvania. GrafTech generated $618
million in revenues for the twelve months ended March 31, 2024.

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


GREEN ROADS: Files Amendment to Disclosure Statement
----------------------------------------------------
Green Roads, Inc., submitted an Amended Disclosure Statement for
the Chapter 11 Plan of Liquidation dated May 6, 2024.

The Debtor filed the Plan with the Bankruptcy Court to facilitate
the liquidation of the Debtor's Estate and the Distribution of the
Assets to holders of Allowed Claims.

The Debtor conducted sales and bidding processes with respect to
the Purchased Assets (pursuant to the Bidding Procedures).
Together, the Purchased Assets represented substantially all of the
Debtor's assets. The successful bidder pursuant to the Bidding
Procedures was Global Widget, and the Court approved the Sale by
entry of the Sale Order on May 18, 2023. The Sale closed on May 31,
2023. Pursuant to the Sale, Global Widget paid $3,100,000.00 to the
Estate.

The Estate's assets to be administered by the Liquidating Trust
include: (i) all of the Debtor's Cash as of the Effective Date;
(ii) all Causes of Action not transferred, waived or settled during
the pendency of the Chapter 11 Case; (iii) all rights for payments
or proceeds owed by Global Widget under the terms of the Sale
Order; and (iv) all other assets of the Debtor's Estate as of the
Effective Date.

The Amended Disclosure Statement does not alter the proposed
treatment for unsecured creditors and the equity holder:

     * Class 1-A consists of the General Unsecured Claims. Each
holder of an Allowed General Unsecured Claim shall receive their
Pro Rata share of the Distributable Cash from the Liquidating Trust
in full and final satisfaction, compromise, settlement and release
of, and in exchange for, each Allowed General Unsecured Claim.
Distributions to holders of Allowed General Unsecured Claims shall
be made as soon as practicable as the Responsible Person may
determine. This Class will receive a distribution of 23.1% of their
allowed claims.

     * Class 1-B consists of the Founders' Claims. Each holder of a
Founders' Claim shall receive their Pro Rata share of the
Distributable Cash from the Liquidating Trust in full and final
satisfaction, compromise, settlement and release of, and in
exchange for, each Founders' Claim. This Class will receive a
distribution of 23.1% of their allowed claims.

     * Class 2 consists of Equity Interests. Holders of Equity
Interests in Class 2 shall receive no Distribution under the Plan.
Equity Interests shall be automatically canceled, released, and
extinguished on the Effective Date.

On the Effective Date, the Debtor, on its own behalf and on behalf
of the beneficiaries, and the Responsible Person, shall execute the
Liquidating Trust Agreement and all other necessary steps shall be
taken to establish the Liquidating Trust. Also on the Effective
Date, all of the Debtor's Assets shall vest in the Liquidating
Trust, including, but not limited to the Wind-Down Amount, the
right to any of the Debtor's deposits, the Debtor's other Cash and
the Causes of Action.

The Liquidating Trust shall be established for the sole purposes of
adjudicating Claims, liquidating any remaining assets, if any, and
distributing the Assets for the benefit of the beneficiaries of the
Liquidating Trust, with no objective to continue or engage in the
conduct of a trade or business.

A full-text copy of the Amended Disclosure Statement dated May 6,
2024 is available at https://urlcurt.com/u?l=ULHy39 from
PacerMonitor.com at no charge.

Counsel to the Debtor:

     James R. Irving, Esq.
     Dentons Bingham Greenebaum LLP
     3500 PNC Tower, 101 S. Fifth Street
     Louisville, KY 40202
     Telephone: (502) 587-3606
     Email: james.irving@dentons.com

             - and -

     Jonathan Kaskel, Esq.
     Dentons US LLP
     1 Alhambra Plaza, Penthouse
     Coral Gables, FL 33134
     Telephone: (305) 537-0009
     Email: jonathan.kaskel@dentons.com

                        About Green Roads

Green Roads Inc. is a privately-owned CBD company that supplies
natural CBD infused products.

Green Roads Inc. filed a petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. S.D. Fla. Case No. 23-11738) on March
6, 2023. In the petition filed by Julie Pilch, interim chief
executive officer, the Debtor reported between $1 million and $10
million in both assets and liabilities.

Judge Scott M. Grossman oversees the case.

Dentons Bingham Greenebaum LLP and Dentons US LLP serve as the
Debtor's counsel.


GRIFFIN GLOBAL: S&P Alters Outlook to Positive, Affirms 'BB-' ICR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable and
affirmed all of its ratings, including the 'BB-' issuer credit
rating on aircraft lessor Griffin Global Asset Management Holdings
Ltd. (GGAM).

The positive outlook reflects the possibility that S&P could raise
its rating if GGAM continues to expand its fleet and improve its
profitability over the next few years, supported by favorable
supply and demand dynamics, such that it sustains its EBIT interest
coverage above 1.3x.

GGAM's aircraft portfolio comprised 67 aircraft, a sizable increase
from the 41 aircraft it had a year before. The company is still one
of the smaller aircraft lessors that S&P rates, but it has plans to
keep expanding its fleet over the next few years.

The aircraft portfolio has favorable characteristics: the weighted
average age of GGAM's fleet (based on net book value) was 1.3 years
as of March 31, 2024. That is, by far, the lowest within its peer
group, where fleets have an average age of five to eight years. The
average remaining lease term of GGAM's fleet--about 10 years--is
also the highest within its peer group, where fleets have an
average remaining lease term of five to eight years and gives GGAM
more earnings certainty.

Moreover, its fleet is entirely made up of new technology aircraft,
and S&P expects it to stay that way; no other aircraft lessor can
currently make the same claim, but some are working toward it.

Additionally, pro forma for the most recent unsecured debt issuance
(which closed in April 2024), secured debt accounts for less than
20% of GGAM's total assets. S&P said, "We view this as significant
progress from when it made its first issuance in May 2023, when
close to 67% of GGAM's assets were encumbered. In our view, having
fewer encumbered assets aids financial flexibility: Lessors with a
sizable, unencumbered asset base can use the assets as collateral
for secured borrowings if access to unsecured borrowing becomes
unavailable."

S&P said, "We expect strong demand for aircraft to persist over the
next few years as airlines continue to focus on renewing and
expanding their fleets. In addition, delays in new aircraft
deliveries--which began before the pandemic and have since worsened
because of supply chain and quality issues--have led to an aircraft
shortage. New order backlogs at the original equipment
manufacturers now extend into the 2030s.

"Supply constraints, in our view, will likely persist for several
years, particularly given ongoing engine shortages and reliability
issues. We expect these factors to continue to drive lease rates
and aircraft values upward, benefiting GGAM and other lessors'
operations over the next few years.

"On the other hand, these factors could also result in a slower
expansion of GGAM's fleet than what we currently expect.
Specifically, the company doesn't have an order book, and
therefore, it depends on secondary-market transactions to grow its
fleet, which is currently very competitive amid constrained
supply.

"We think GGAM will continue to focus on expanding its fleet and
growing in scale through 2025, despite ongoing delays in aircraft
deliveries. Therefore, we forecast capital expenditures of $1
billion-$1.5 billion in 2024 and $2 billion-$2.5 billion in 2025.
We also forecast $500 million-$600 million of asset sales in 2024
and close to $1 billion of asset sales in 2025 as the company
carries out its asset sales strategy.

"As a result of the incremental debt and interest expenses
associated with the capex, we forecast EBIT interest coverage of
1x-1.2x in 2024 (compared with close to 1x in 2023) and 1.4x-1.8x
in 2025; these forecasts see gains on aircraft sales somewhat
offsetting interest expenses, driving better profitability. Our
forecast also sees debt to capital at 70%-75% and funds from
operations (FFO) to debt at 3%-7% through 2025.

"GGAM is owned by Bain Capital Griffin Master Funds, which has
contributed and committed equity to GGAM since 2020, along with
some of their affiliates. While we view Bain as a financial
sponsor, our FS-4 assessment is the least aggressive assessment of
financial sponsor ownership, and in this case, it incorporates
GGAM's position as a long-term investment platform for various Bain
funds.

"We also view positively the presence of equity distribution
restrictions such that leverage (debt to equity) remains below
2.75x. The FS-4 designation allows us to assign a significant
financial risk profile assessment to GGAM, which is comparable with
that of most other aircraft lessors, including all of the
investment-grade lessors. As such, we don't view the financial
sponsor designation as an impediment to GGAM receiving a higher
rating."



GROM SOCIAL: Incurs $4.06 Million Net Loss in First Quarter
-----------------------------------------------------------
Grom Social Enterprises, Inc., filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $4.06 million on $874,232 of sales for the three months
ended March 31, 2024, compared to a net loss of $2.23 million on
$1.20 million of sales for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $18.90 million in total
assets, $4.31 million in total liabilities, and $14.59 million in
total stockholders' equity.

Grom Social stated, "The Company's management intends to raise
additional funds through the issuance of equity securities or debt
to enable the Company to meet its obligations for the twelve-month
period.  However, there can be no assurance that, in the event the
Company requires additional financing, such financing will be
available at terms acceptable to the Company, if at all.  Failure
to generate sufficient cash flows from operations and/or raise
additional capital could have a material adverse effect on the
Company's ability to achieve its intended business objectives.
These factors raise substantial doubt about the Company's ability
to continue as a going concern for the twelve months from the date
of this report."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1662574/000168316824003704/grom_i10q-033124.htm

                 About Grom Social Enterprises

Boca Raton, Florida-based Grom Social Enterprises, Inc. --
http://www.gromsocial.com/-- is a media, technology and
entertainment company that focuses on (i) delivering content to
children under the age of 13 years in a safe secure platform that
is compliant with the Children's Online Privacy Protection Act
("COPPA") and can be monitored by parents or guardians, (ii)
creating, acquiring, and developing the commercial potential of
Kids & Family entertainment properties and associated business
opportunities, (iii) providing world class animation services, and
(iv) offering protective web filtering solutions to block unwanted
or inappropriate content.

Somerset, New Jersey-based Rosenberg Rich Baker Berman, P.A., the
Company's auditor since 2022, issued a "going concern"
qualification in its report dated April 16, 2024, citing that the
Company's significant operating losses, working capital deficit and
negative cash flows from operations raise substantial doubt about
its ability to continue as a going concern.


GULFSIDE SUPPLY: Moody's Assigns First Time B2 Corp. Family Rating
------------------------------------------------------------------
Moody's Ratings assigned a first-time B2 corporate family rating
and B2-PD Probability of Default Rating to Gulfside Supply, Inc.
dba Gulfeagle Supply (Gulfeagle), a national distributor of
primarily roofing products. Moody's also assigned a B2 rating to
Gulfeagle's senior secured bank credit facility, consisting of a
$150 million revolving credit facility expiring 2029 and a 1st lien
term loan B due 2031. The outlook is stable.

Gulfeagle is acquiring Elite Roofing Supply, Inc. (Elite) for about
$675 million, financed with excess cash, about $60 million of
borrowings under the revolving credit facility, and proceeds from
the term loan. Elite expands Gulfeagle's geographic footprints into
five new markets, with around 135 locations and revenue of about
$1.6 billion, both on a pro forma basis. Also, the combined, larger
entity should result in strengthening supplier relationships.
Closing is anticipated by mid-June.

"Gulfeagle's first-time B2 CFR reflects the high leverage following
the mostly debt-financed acquisition of Elite," according to Peter
Doyle, a Moody's VP-Senior Analyst. "Gulfeagle faces execution risk
to integrate such a sizeable acquisition and generate significant
cash flow for debt reduction while contending with intense
competition. However, minimal branch overlap, comparable products
and similar suppliers should make the integration less onerous,"
added Doyle.

Governance considerations are relevant to the rating action. In
particular, the company's financial strategy and risk management
are a key governance consideration characterized by high debt
leverage.

RATINGS RATIONALE

Gulfeagle's B2 CFR reflects the company's high debt leverage
following the acquisition of Elite. Moody's projects  adjusted
debt-to-EBITDA of 4.6x by late 2025 from around 5.2x on a pro forma
basis at year-end 2024. Key improvement in debt leverage is debt
reduction from cash flow. However, high fixed costs limit
significant cash generation and financial flexibility. Moody's
projects interest coverage, measured as adjusted EBITA-to-interest
expense, approaching only 2.5x by late 2025. Gulfeagle faces the
challenge of integrating Elite, Gulfeagle's largest acquisition
since its founding in 1973. The company must execute its operating
plan while contending with intense competition from other roofing
distributors that are bigger based on revenue and much better
capitalized.

Providing an offset to these challenges is good operating
performance, with adjusted EBITDA margin sustained in the range of
9% - 10% through 2025. No near-term maturities is a credit
strength. Gulfeagle should benefit from some improvement in end
markets that support growth. These factors and inelastic demand for
roofing products also support Gulfeagle's credit profile.

Moody's view is Gulfeagle will maintain adequate liquidity, limited
by its ability to generate meaningful free cash flow over the next
18 months. The company will require access to its revolving credit
facility for working capital needs and letter of credit
commitments. Liquidity is also constrained by the size of
Gulfeagle's $150 million revolving credit facility relative to high
cash fixed costs, including interest payments, term loan
amortization and operating and finance lease payments, which
Moody's estimates is nearly $95 million per year. The principle
financial covenant in Gulfeagle's revolving credit facility is a
maximum leverage of 5.25x, with step downs beginning six quarters
after closing. Gulfeagle's secured term loan does not have
financial maintenance covenants

The stable outlook reflects Moody's view that Gulfeagle will
perform well, integrating Elite and executing its operating plan to
drive cash flow for debt reduction.  Inelastic demand for roofing
products and no near-term maturities further support the stable
outlook.

The B2 rating on Gulfeagle's senior secured bank credit facility,
the same rating as the CFR, results from its position as the
preponderance of debt in the company's capital structure.

Marketing terms for the new credit facilities (final terms may
differ materially) include the following: incremental pari passu
debt capacity  up to the greater of $150 million and 100% of
consolidated EBITDA, plus unlimited amounts subject to pro forma
first lien net leverage of 4.0x. There is no inside maturity
sublimit. A "blocker" provision restricts the designation of a
restricted subsidiary as an unrestricted if it owns or holds rights
to material intellectual property or other material assets.  The
credit agreement provides some limitations on up-tiering
transactions, requiring affected lender consent for amendments that
subordinate the debt or have other adverse impact upon the priority
of payments.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE CONSIDERATIONS

Gulfeagle's CIS-4 indicates the rating is lower than it would have
been if ESG risk exposures did not exist. Gulfeagle has high
financial risk resulting from high leverage and the challenges of
executing its operational plan while facing intense competition.
Its environmental score (E-4) and social score (S-3) are comparable
to other building products distributors. Gulfeagle's governance
score (G-4) reflects the levered capital structure and is in line
to similarly rated issuers that are privately owned.

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

A ratings upgrade could occur if end markets remain supportive of
organic growth such that adjusted debt-to-EBITDA is trending
towards 4.0x, adjusted interest coverage, measured as adjusted
EBITA-to-interest expense, is above 3.0x, or liquidity improves.

A ratings downgrade could occur if adjusted debt-to-EBITDA is above
5.5x or adjusted interest coverage is trending towards 1.5x.
Negative ratings pressure may also transpire if the company
experiences weakening of liquidity or adopts more aggressive
financial policies.

Gulfeagle Supply, headquartered in Tampa, Florida, is a national
distributor of primarily roofing products. The Resch family owns
100% of Gulfeagle.

The principal methodology used in these ratings was Distribution
and Supply Chain Services published in February 2023.


HELLO NOSTRAND: Unsecureds Will Get 3.8% of Claims in Plan
----------------------------------------------------------
Hello Nostrand LLC, filed with the U.S. Bankruptcy Court for the
Southern District of New York a Disclosure Statement describing
Chapter 11 Plan dated May 6, 2024.

For several years prior to bankruptcy, the Debtor's residential
building located at 1580 Nostrand Avenue, Brooklyn, New York (the
"Property" or "Building") became subject to foreclosure proceedings
in Kings County following the Debtor's maturity default with
respect to a series of consolidated mortgage loans.

These senior obligations currently total approximately $91 million
including all principal, accrued interest, default interest,
protective advances, costs and expenses. Before and during the
foreclosure action, Eli Karp (the former Manager of the Debtor)
asserted various counterclaims against the foreclosing mortgagee
(all of which were dismissed) and executed a master lease covering
the entire Building in favor of an affiliate or business associate
(the "Master Lease"), which was ultimately deemed void ab initio by
the State Court.

Pre-petition, the Debtor entered into a formal written
Restructuring Agreement with the current senior lender, 1580
Nostrand Ave 2 LLC (the "Senior Lender"). The Restructuring
Agreement was signed in anticipation of the Debtor’s commencement
of this Chapter 11 case.

The Restructuring Agreement contains a number of provisions,
including (i) a provision fixing the amount of the Senior Lender's
claim; and (ii) a provision establishing procedures for the pursuit
of an auction sale process in bankruptcy subject to the Senior
Lender's credit bid rights.

In furtherance of the Restructuring Agreement, the Debtor is now
proceeding on a dual track of simultaneously seeking to sell the
Property while pursuing confirmation of the Plan as the formal
means to distribute the sale proceeds or Lender's Contribution to
pay allowed claims. In the event there is no acceptable third party
buyer and the Senior Lender credit bids on the Property, the Plan
provides that the Senior Lender will fund administrative and
priority claims plus make the sum of $100,000 available to pay a
pro rata dividend to the Debtor's allowed unsecured creditors,
including undersecured mechanic's liens.

The Property is believed to have a current value of $60,000,000
with the opportunity for increased value once operations are
improved. The Senior Lender is the most likely buyer at this
juncture, but improvements in the market may attract a third-party
buyer to make an all-cash bid acceptable to the Senior Lender.
However, regardless of whether the Property is sold to a third
party or the Senior Lender credit bids, the Plan guaranties that
the Creditor Reserve will be available to make a pro rata
distribution to the mechanic's lienors.

Class 2 consists of Allowed General Unsecured Claims including all
31 Disputed and Undersecured Mechanic Lienors. The Debtor cannot
yet estimate the total allowed amount of the Class 2 claims because
all of the claims have not been fully reconciled. However, a review
of the public record suggest that virtually all of the mechanic's
liens previously expired as a matter of law long before the
commencement of the Chapter 11 case. The mechanic's liens filed
against the Property total approximately $2,576,863, subject to
objection and reconciliation.

To the extent that residual Sale Proceeds become available from the
sale of the Property to a bona fide third-party (after payment of
Administrative Expenses, Priority Tax Claims, and the allowed Class
1 Secured Claim of the Senior Lender), the holder of allowed Class
2 Unsecured Claims shall be paid and receive a pro rata dividend
from the residual Sale Proceeds. More likely, however, in the event
of a credit bid by the Senior Lender without receipt of an
acceptable third-party offer, then allowed Class 2 Unsecured Claims
shall be paid and receive a pro rata dividend based upon
distribution of the Creditor Reserve. The Class 2 Claims of Allowed
General Unsecured Creditors are impaired. This Class will receive a
distribution of 3.8% of their allowed claims.

Class 3 consists of the Equity Interests in the Debtor held by
Hello Living Development Nostrand LLC. No payments shall be made on
account of the equity interests in the Debtor unless and until all
other secured, priority and unsecured claims have been paid in full
with applicable interest and the Debtor’s Chapter 11 case has
been fully administered and closed.

The Plan shall be implemented and funded through the sale of the
Property in accordance with an Auction sale process conducted
pursuant to the terms of the Approved Bid Procedures. The results
of the Auction, either to the Senior Lender pursuant to a credit
bid or to a third-party buyer (in either event, the "Successful
Purchaser"), shall be confirmed at the Confirmation Hearing and
incorporated as part of the Plan and Confirmation Order with a
closing to occur on a postconfirmation basis to preserve the
transfer tax exemption under Section 1146(a) of the Bankruptcy
Code.

A full-text copy of the Disclosure Statement dated May 6, 2024 is
available at https://urlcurt.com/u?l=MLL5AP from PacerMonitor.com
at no charge.

The Debtor's Counsel:

                  Kevin Nash, Esq.
                  GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                  125 Park Ave
                  New York, NY 10017-5690
                  Tel: knash@gwflaw.com

                      About Hello Nostrand

Hello Nostrand LLC is the owner of a residential apartment building
located at 1580 Nostrand Avenue, Brooklyn, NY.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y Case No. 24-22192) on March 8,
2024, with $50 million to $100 million in assets and liabilities.
Lee Buchwald, restructuring officer, signed the petition.

Judge Sean H. Lane presides over the case.

Kevin Nash, at GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP, is the
Debtor's legal counsel.


HEPION PHARMACEUTICALS: Posts $2.85-Mil. Net Loss in First Quarter
------------------------------------------------------------------
Hepion Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting a
net loss of $2.85 million on $0 of revenues for the three months
ended March 31, 2024, compared to a net loss of $13.26 million on
$0 of revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $15.99 million in total
assets, $8.47 million in total liabilities, and $7.52 million in
total stockholders' equity.

Hepio said, "Due to our recurring and expected continuing losses
from operations, we have concluded there is substantial doubt in
our ability to continue as a going concern within one year of the
issuance of these condensed consolidated financial statements
without additional capital becoming available to us.  The condensed
consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty.

"We will be required to raise additional capital within the few
months to continue to fund operations.  We cannot be certain that
additional funding will be available on acceptable terms, or at
all. To the extent that we raise additional funds by issuing equity
securities, our stockholders may experience significant dilution.
Any debt financing, if available, may involve restrictive covenants
that impact our ability to conduct business.  If we are unable to
raise additional capital when required or on acceptable terms, we
may have to (i) seek collaborators for our product candidates on
terms that are less favorable than might otherwise be available; or
(ii) relinquish or otherwise dispose of rights to technologies,
product candidates or products that we would otherwise seek to
develop or commercialize on unfavorable terms."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1583771/000162828024024560/hepa-20240331.htm

                  About Hepion Pharmaceuticals

Hepion Pharmaceuticals, Inc., is a biopharmaceutical company
headquartered in Edison, New Jersey, focused on the development of
drug therapy for treatment of chronic liver diseases.  This
therapeutic approach targets fibrosis, inflammation, and shows
potential for the treatment of hepatocellular carcinoma ("HCC")
associated with non-alcoholic steatohepatitis ("NASH"), viral
hepatitis, and other liver diseases.  The Company's cyclophilin
inhibitor, rencofilstat (formerly CRV431), is being developed to
offer benefits to address multiple complex pathologies related to
the progression of liver disease.

Jericho, New York-based Grassi & Co., CPAs, P.C., the Company's
auditor since 2023, issued a "going concern" qualification in its
report dated April 16, 2024, citing that the Company's significant
operating losses and negative cash flows from operations since
inception raise substantial doubt about its ability to continue as
a going concern.


HIGH WIRE: Reports $414K Net Loss in First Quarter
--------------------------------------------------
High Wire Networks, Inc., filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
attributable to the Company's common shareholders of $414,438 on
$7.65 million of revenue for the three months ended March 31, 2024,
compared to net income attributable to the Company's common
shareholders of $168,309 on $10.17 million of revenue for the three
months ended March 31, 2023.

As of March 31, 2024, the Company had $12.95 million in total
assets, $15.92 million in total liabilities, and a total
stockholders' deficit of $2.97 million.

High Wire said, "While the Company had operating income during the
three months ended March 31, 2024, the Company generated an
operating loss in the three months ended March 31, 2023, and High
Wire has historically generated operating losses since its
inception and has relied on cash on hand, sales of securities,
external bank lines of credit, and issuance of third-party and
related party debt to support cash flow from operations.  As of and
for the three months ended March 31, 2024, the Company had
operating income of $347,664, cash flows used in continuing
operations of $1,566,722, and a working capital deficit of
$10,695,470.  These factors raise substantial doubt regarding the
Company's ability to continue as a going concern for a period of
one year from the issuance of these unaudited condensed
consolidated financial statements."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1413891/000121390024045189/ea0205312-10q_highwire.htm

                        About High Wire

High Wire Network Solutions, Inc., incorporated on Jan. 20, 2017,
is a global provider of managed cybersecurity, managed networks,
and tech enabled professional services delivered exclusively
through a channel sales model.  The Company's Overwatch managed
security platform-as-a-service offers organizations end-to-end
protection for networks, data, endpoints and users via multiyear
recurring revenue contracts in this fast-growing technology
segment. HWN has continuously operated under the High Wire Networks
brand for 23 years.

Draper, UT-based Sadler, Gibb & Associates, LLC, the Company's
auditor since 2014, issued a "going concern" qualification in its
report dated April 19, 2024, citing that the Company has incurred
losses since inception, has negative cash flows from operations,
and has negative working capital, which creates substantial doubt
about its ability to continue as a going concern.


HOLLYWOOD LOFTS: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The U.S. Trustee for Region 18 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Hollywood Lofts, LLC.

                       About Hollywood Lofts

Hollywood Lofts LLC is a Single Asset Real Estate debtor (as
defined in 11 U.S.C. Section 101(51B)). The Debtor owns real
property and improvements thereon located at 127 Broadway East,
Seattle, WA 98102, commonly known as the Hollywood Lofts having an
appraised value of $14.1 million.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Wash. Case No. 24-10916) on April 15,
2024. In the petition signed by Ron E. Amundson, manager, the
Debtor disclosed $14,278,613 in assets and $9,396,079 in
liabilities.

James L. Day, Esq., at Bush Kornfeld LLP represents the Debtor as
legal counsel.


HOUSEWORX INVESTMENTS: Unsecured to Get Remaining Balance From Sale
-------------------------------------------------------------------
Houseworx Investments, LLC, submitted a First Amended Plan of
Reorganization.

Debtor proposes to pay creditors of the Debtor from the sale of the
Debtor's real property and Escrow Funds. The Debtor's remaining
real property to be sold is XXX 108th St, Arlington, WA 98223,
Parcel No. 30051200401600 ("108th").

Debtor anticipates at least $90,000 in unencumbered sale proceeds
from the sale of the 108th property. There will be no need for
further reorganization after disbursement of the net Sale proceeds
of 108th.

The payments required by the Plan to Class 2 Unsecured Creditors
will be made through a lump sum payment from the Debtor to Holders
of Allowed General Unsecured Claims. The distribution to allowed
general unsecured claims will be remaining balance of net sale
proceeds from the sale of the 108th property after payment of
Allowed Administrative Claims and each holder will be entitled to a
pro rata distribution within an estimated timeline after the
deposit of net proceeds from the sale of the 108th property. Class
2 is impaired.

Attorneys for the Debtor:

     David A. Kazemba, Esq.
     OVERCAST LAW OFFICES
     23 S. Wenatchee Ave. Suite 320
     Wenatchee, WA 98801
     Tel: (509) 663-5588
     Fax: (509) 662-5508

A copy of the Plan of Reorganization dated May 1, 2024, is
available at https://tinyurl.ph/UowUk from PacerMonitor.com.

                  About Houseworx Investments

Houseworx Investments, LLC, owns six properties in Arlington and
Camano Island, Wash., with a total value of $2.71 million.

Houseworx Investments filed a petition under Chapter 11, Subchapter
V of the Bankruptcy Code (Bankr. E.D. Wash. Case No. 23-01125) on
Sept. 6, 2023, with $3,455,000 in assets and $3,163,548 in
liabilities.  Douglas A. Schreifels, member, signed the petition.

Judge Whitman L Holt oversees the case.

David A. Kazemba, Esq., at Overcast Law Offices - NCW, PLLC, is the
Debtor's bankruptcy counsel.


HUMANIGEN INC: Unsecureds Owed $44M to Get 0.39%-19.25% of Claims
-----------------------------------------------------------------
Judge Brendan L. Shannon has entered an order that the Combined
Plan and Disclosure Statement of Humanigen, Inc., is approved on an
interim basis.

The Combined Hearing is scheduled for June 13, 2024, at 10:00 a.m.
(Eastern Time), at the United States Bankruptcy Court for the
District of Delaware, before the Honorable Judge Brendan L. Shannon
in the United States Bankruptcy Court for the District of Delaware,
824 North Market Street, 6th Floor, Courtroom No. 1, Wilmington, DE
19801.

Ballots must be received on or before June 6, 2024, at 4:00 p.m.
(ET) (the "Voting Deadline").

Any Plan Supplement must be filed with this Court not later than 7
days prior to the Voting Deadline.

Objections to the adequacy of the Disclosures or confirmation of
the Combined Plan and Disclosure Statement must be filed and served
no later than 4:00 p.m. (ET) on June 6, 2024.

Any brief, declaration, affidavit, reply, or other pleading in
support of the Combined Plan and Disclosure Statement voting
certification will be filed by no later than 12:00 p.m. (ET) 2
business days prior to the Combined Hearing.


                      Plan of Liquidation


Humanigen, Inc., submitted a Combined Chapter 11 Plan of
Liquidation and Disclosure Statement, dated May 1, 2024.

The Combined Plan and Disclosure Statement constitutes a
liquidating chapter 11 plan for the Debtor and provides for the
Distribution of the Debtor's assets already liquidated or to be
liquidated over time to the holders of allowed claims or interests
in accordance with the terms of the Combined Plan and Disclosure
Statement and the priority of claims provisions of the Bankruptcy
Code. The Combined Plan and Disclosure Statement provides that,
upon the Effective Date, the Liquidating Trust Assets will be
transferred to the Liquidating Trust and the Debtor may be
dissolved thereafter. The Liquidating Trust Assets will be
administered, liquidated, and distributed as soon as practicable
pursuant to the terms of the Combined Plan and Disclosure Statement
and Liquidating Trust Agreement.

The Debtor filed the Chapter 11 Case to continue the process of
marketing and selling substantially all of the Debtor's assets. To
that end, on the Petition Date, the Debtor filed the Motion of
Debtor for Entry of an order approving bid procedures in connection
with the potential sale of substantially all of the debtor's assets
and granting related relief and an order approving the sale of
substantially all of the debtor's assets free and clear of all
liens, claims, encumbrances, and interests and granting related
relief. After the Petition Date, SC&H continued marketing the
Debtor's Assets and soliciting interest from prospective
purchasers. No other bids for substantially all of the Debtor's
Assets were submitted by the Bid Deadline. The Debtor did receive
one bid for the Madison JV Interest, but, in consultation and with
the support of the Creditors' Committee, the Debtor declined to
accept that bid.

On Feb. 13, 2024, the Creditors' Committee filed the Objection of
the Official Committee of Unsecured Creditors to Proposed Sale of
Substantially all of the Debtor's Assets to the Stalking Horse
Bidder. To resolve the objections asserted therein, the Debtor, the
Creditors' Committee, and the Purchaser agreed to certain
amendments of the terms of the Sale and the Asset Purchase
Agreement ("APA"), and agreed to such amendments as described on
the record at the hearing before the Bankruptcy Court held on Feb.
14, 2024.

On Feb. 17, 2024, the Bankruptcy Court entered the Sale Order,
whereby the Bankruptcy Court authorized the Debtor to, enter into
the APA with the Purchaser for the sale of the Acquired Assets. The
Sale closed on Feb. 20, 2024.

Under the Plan, Class 3 – General Unsecured Claims totaling
$44,100,000 and will recover 0.39% to 19.25% of their claims. Each
holder of an allowed general unsecured claim will receive its pro
rata share of the Liquidating Trust Proceeds. Class 3 is impaired.

   "Liquidating Trust Proceeds" means all proceeds, and other
receipts of, from, or attributable to the Liquidating Trust Assets
after payment of fees, expenses, charges, or other incurrences of
the Liquidating Trust.

Attorneys for the Debtor:

     M. Blake Cleary, Esq.
     Aaron H. Stulman, Esq.
     Brett M. Haywood, Esq.
     POTTER ANDERSON & CORROON LLP
     1313 N. Market Street, 6th Floor
     Wilmington, DE 19801
     Tel: (302) 984-6000
     Fax: (302) 658-1192
     E-mail: bcleary@potteranderson.com
             astulman@potteranderson.com
             bhaywood@potteranderson.com

A copy of the Order dated May 1, 2024, is available at
https://tinyurl.ph/RwxwG from PacerMonitor.com.

A copy of the Plan of Liquidation and Disclosure Statement dated
May 1, 2024, is available at https://tinyurl.ph/XufXY from
PacerMonitor.com.

                      About Humanigen Inc.

Based in Brisbane, Calif., Humanigen, Inc. (OTCQB: HGEN) --
http://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 a 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.


HYPA LABS: Reports $236K Net Income in Second Quarter
-----------------------------------------------------
Hypha Labs, Inc. filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting net income of $235,821
on $0 of revenues for the three months ended March 31, 2024,
compared to a net loss of $67,498 on $0 of revenues for the three
months ended March 31, 2023.

For the six months ended March 31, 2024, the Company reported net
income of $387,467 on $0 of revenues, compared to a net loss of
$307,828 on $0 of revenues for the six months ended March 31,
2023.

As of March 31, 2024, the Company had $1.38 million in total
assets, $1.52 million in total liabilities, $333,600 in series B
convertible preferred stock, and a total stockholders' deficit of
$471,661.

Hypa Labs said, "As of March 31, 2024, our balance of cash on hand
was $1,063,401, and we had negative working capital of $138,061 and
an accumulated deficit of $19,374,530 resulting from recurring
losses.  These factors raise substantial doubt about the Company's
ability to continue as a going concern.  Until the agreement to
sell the net assets of the Digipath Lab's testing business,
management was actively pursuing new customers to increase
revenues.  In addition, the Company was seeking additional sources
of capital to fund short-term operations.  The Company is currently
evaluating future investments into potential acquisition targets.
There can be no assurance that we will be successful in achieving
these objectives, becoming profitable or continuing our business
without either a temporary interruption or a permanent cessation.
In addition, additional financing may result in substantial
dilution to existing stockholders."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1502966/000149315224020708/form10-q.htm

                          About Hypa Labs

Hypha Labs, Inc., formerly Digipath, Inc., cultivates, produces,
and sells psychedelic and functional mushroom in the United States.
It has developed technology that quickly cultivates the mycelium
root structures of psilocybin mushrooms and other functional
mushroom's mycelium into a natural product.  The company was
incorporated in 2010 and is headquartered in Las Vegas, Nevada.

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, recurring losses from
operations and has cash on hand that may not be sufficient to
sustain its operations.  These factors, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


INFINITE PROPERTIES: Case Summary & Eight Unsecured Creditors
-------------------------------------------------------------
Debtor: Infinite Properties, LLC
        14260 W. Newberry Rd.
        #413
        Newberry, FL 32669

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       Northern District of Florida

Case No.: 24-10115

Debtor's Counsel: Justin M. Luna, Esq.
                  LATHAM LUNA EDEN & BEAUDINE LLP
                  201 S. Orange Avenue
                  Suite 1400
                  Orlando, Fl 32801
                  Tel: (401) 481-5800
                  Fax: (407) 481-5801
                  E-mail: jluna@lathamluna.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Richard S. Blaser as managing member.

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

https://www.pacermonitor.com/view/TO5JO5Q/Infinite_Properties_LLC__flnbke-24-10115__0001.0.pdf?mcid=tGE4TAMA

List of Debtor's Eight Unsecured Creditors:

   Entity                            Nature of Claim  Claim Amount

1. Alachua County Tax Collector      Property Taxes        Unknown
3217 SW 35th Blvd
Gainesville, FL 32608

2. Cobb County Tax Assessors         Property Taxes        Unknown
736 Whitloc Ave.
Suite 200
Marietta, GA 30064

3. Darin S. Cook                          Loan            $819,677
14260 W. Newberry Rd.
#413
Newberry, FL 32669

4. Internal Revenue Service              Taxes             Unknown
Centralized Insolvency Ops
PO Box 7346
Philadelphia, PA
19101-7346

5. Richard S. Blaser                      Loan            $819,677
14260 W. Newberry Rd.
#413
Newberry, FL 32669

6. SouthState                             Loan         $12,883,518
PO Box 118068
Charleston, SC
29423

7. SouthState                             Loan          $2,652,682
PO Box 118068
Charleston, SC
29423

8. SouthState                             Loan            $241,527
PO Box 118068
Charleston, SC 2942


JCF HILTON: Seeks to Sell Property to Fulcher for $7.25-Mil.
------------------------------------------------------------
JCF Hilton Head, LLC asked the U.S. Bankruptcy Court for the Middle
District of Tennessee to sell its real property to Fulcher
Investment Properties, Inc.

The company owns an undeveloped real property in South Carolina
consisting of 88.91 acres, which it acquired for $6.2 million.

Fulcher offered $7.25 million for the property, which is being sold
"free and clear" of liens, claims and encumbrances.

In addition, Fulcher agreed to structure its ultimate disposition
of the property to provide an amount not less than $500,000 to the
Class 4 claimants in JCF's Chapter 11 plan of liquidation.

JCF will use the proceeds from the sale to, among other things, pay
in full the secured claim of Spruce Hilton Head, LLC in the amount
of $4.89 million and the secured claim of Cleland Constructors,
Inc. in the amount of $672,442.

The offer is the "highest and best offer" for the property
presented to JCF and the buyer is ready to proceed through due
diligence and to closing, according to the company's attorney, R.
Alex Payne, Esq., at Dunham Hildebrand, PLLC.

                       About JCF Hilton Head

JCF Hilton Head Holdings, LLC and JCF Hilton Head, LLC filed their
voluntary Chapter 11 petitions (Bankr. M.D. Tenn. Cases No.
23-04053 and 23-04056, respectively) on Nov. 2, 2023.

JCF Hilton Head Holdings listed $2,031 in assets and $10,775,349 in
liabilities while JCF Hilton Head listed $6,200,000 in assets and
$4,861,282 in liabilities at the time of the filing.

Judge Charles M. Walker oversees the cases.

R. Alex Payne, Esq., at Dunham Hildebrand, PLLC and Tortola
Advisors, LLC serve as the Debtors' legal counsel and restructuring
advisor, respectively. Steve Curnutte of Tortola Advisors is the
Debtors' chief restructuring officer.


JETBLUE AIRWAYS: Fitch Lowers LongTerm IDR to 'B', Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has downgraded JetBlue Airways Corporation's
Long-Term Issuer Default Rating (IDR) to 'B' from 'B+'. The Rating
Outlook is Stable. Fitch has also downgraded JetBlue's secured
revolving credit facility to 'BB'/'RR1' from 'BB+'/'RR1'.

The downgrade reflects Fitch's expectations that credit metrics
will remain outside of levels that support the 'B+' rating at least
through 2025 as the company works to restore profitability. Fitch
expects operating margins to remain pressured in 2024 following
weaker-than expected results in 2023, leading to additional
borrowing and elevated leverage. Fitch expects JetBlue's EBITDAR
leverage to end 2024 above 10x, gradually declining toward 5x
through the forecast period.

The 'B' rating and Stable Outlook are supported by the company's
unencumbered asset base and liquidity resources which provide
meaningful financial flexibility. JetBlue's fleet renewal, network
and other revenue initiatives should also lead to improving
operating margins. Fitch also views the termination of JetBlue's
acquisition of Spirit airlines as a credit positive.

Enhanced Equipment Trust Certificate (EETC) Ratings

Fitch has downgraded the subordinated tranche ratings of the 2019-1
and 2020-1 transactions to 'BB+' from 'BBB-.' The class B
certificate ratings, which are notched off of the airline IDR, were
downgraded as a result of the one-notch downgrade to JetBlue
(B/Stable). The subordinated tranche ratings remain supported by
strong affirmation and presence of a liquidity facility, which is
reflected in the four-notch uplift.

Fitch has affirmed JetBlue's 2019-1 class AA certificates at 'A+'
and affirmed its class A certificates at 'BBB'. The class AA
certificates remain well overcollateralized, while the rating of
the class A reflects limited loan-to-value (LTV) headroom under the
'BBB' stress scenario and slow rate of amortization in the
transaction, making the rating susceptible to marginal value
declines. Fitch has also affirmed JetBlue's 2020- 1 class A
certificates at 'A'. These ratings are supported by sufficient
overcollateralization and quality of collateral.

KEY RATING DRIVERS

Profit Performance Drags on Credit Metrics: JetBlue's profit
margins remain under pressure, resulting in weak credit metrics
that are likely to persist through 2024 and into 2025. Fitch
expects JetBlue's EBITDAR margin to decline modestly in 2024 before
improving to the low double digits in 2025. Consequently, EBITDAR
leverage is likely to be over 10x at YE 2024 before declining to 7x
in 2025. Underperformance has been driven by various issues,
including softness in Latin markets, off-peak demand periods,
rising costs, and air traffic control (ATC) shortages, among
others. In the near term, the company faces pressures from aircraft
availability issues related to Pratt & Whitney engine problems.

The company has outlined several initiatives to improve
profitability. Fitch believes that actions such as exiting
underperforming routes, focusing on core leisure markets, enhancing
ancillary revenues and leaning more heavily on premium products are
sensible and should drive margin improvement over time. The company
should also benefit from retiring its E-190s and integrating more
efficient A220s and A321s. Nonetheless, there are risks associated
with the implementation and execution of these plans, and Fitch
will look for margin improvement trends to materialize before
considering positive rating actions.

Top-Line Constraints: JetBlue expects its total capacity and
departures to be down in 2024 versus 2023, with Pratt & Whitney
engine availability representing the main constraining factor.
Fitch expects unit revenues to be roughly flat or slightly up for
the year aided by some benefits from JetBlue's push to increase
ancillary revenues, allowing total revenue to be slightly down in
the low single digits from 2023. Constrained growth represents a
challenge as unit costs continue to rise.

Demand Environment Neutral: Fitch anticipates a healthy demand for
air travel in 2024, influenced by general macroeconomic trends.
However, the outlook is moderated by overcapacity in certain
markets and subdued demand during off-peak periods. JetBlue, which
heavily depends on the New York market—a market that has been
slower to recover from the pandemic—could experience some
positive momentum this year.

Overcapacity in Latin and Caribbean destinations currently poses a
near-term challenge and is a primary factor behind JetBlue's weak
performance in the first quarter. Fitch expects that capacity in
these Latin markets will normalize over time. Although JetBlue
relies more on leisure travel compared to its network carrier
peers, the company is poised to benefit from the improving trends
in business travel, which continues its post-pandemic recovery.

Unit Costs Rise in 2024, Moderate Thereafter: JetBlue expects
non-fuel unit costs to rise in the mid-to-high single digits for
the year, which will strain profitability. However, the bulk of the
increase is expected in the first half with improving trends
thereafter. JetBlue is implementing cost cuts aimed at run-rate
savings of $175 million by YE 2024, consisting of improvements in
automation, maintenance planning and staffing efficiencies.

The company will also gain fleet benefits when it fully retires its
remaining E-190s in 2025. Headwinds include potential pilot wage
increases as the contract became negotiable following the
termination of the Spirit merger agreement. Unit costs may also be
pressured by limitations on the company's growth depending on the
availability of Pratt & Whitney engines going forward.

Unencumbered Assets Support Financial Flexibility: Fitch believes
that JetBlue has better financial flexibility than lower rated
peers, which supports the 'B' rating. As of 3/31/2024 the company
reported holding roughly $10 billion in 'financeable' assets,
roughly half of which consisted of its loyalty program and the
remainder consisting of aircraft, engines, and slots, gates and
routes.

Loyalty program assets are largely intangible, but have been used
successfully by the airlines in recent years to sizeable debt
issuances. JetBlue's debt maturities are limited in 2024 and 2025
before stepping up to $1.0 billion in 2026 when its $750 million
converts come due. Fitch expects JetBlue to maintain cash in the
near-term by financing upcoming aircraft deliveries, allowing it to
address the 2026 maturity via cash on hand and potential capital
markets transactions.

Negative FCF expected: Fitch expects JetBlue's 2024 FCF to be
negative by more than $1 billion. FCF is expected to improve
through the forecast, but to remain sharply negative as the company
invests in fleet renewal. Fitch views JetBlue's January 2024
agreement with Airbus, deferring some deliveries from the 2024-2026
timeframe, as a positive as it relieves some pressure on cash
flows, nevertheless, negative FCF is expected to continue to
constrain JetBlue's credit profile. JetBlue estimates that its
aircraft deferral will reduce capital spending by $2.5 billion
between 2024 and 2027.

EETC Ratings

Subordinate Tranche Ratings:

The rating for the class B certificates is based on the bottom-up
approach detailed in Fitch's EETC criteria, which calls for the
rating to be notched up from JetBlue's corporate rating of 'B'.
Subordinated tranches receive notching uplift based on three
factors: 1) the affirmation factor (0-3 notches), 2) the presence
of a liquidity facility, (0-1 notch), and 3) recovery prospects (0-
1 notch). The class B certificates qualify for a four notch to
'BB+' uplift from JetBlue's IDR of 'B'. The notching consists of +3
notches for the affirmation factor (maximum is +3 for a B category
issuer) and +1 notch for the presence of a liquidity facility.

Affirmation Factor

2020-1: Fitch continues to view the 2020-1 transaction as having a
high affirmation factor supported by the large portion of JetBlue's
active fleet contained in the pool, the high-quality collateral
including next gen NEO and work-horse CEO aircraft important to the
company's strategy, and a relatively young collateral pool.
Partially offsetting these positive factors is the pool's low
diversification as it relates to comparable transactions.

2019-1: Fitch considers the affirmation factor for this pool of
aircraft to be high. The 25 aircraft in this transaction make up
nearly 40% of JetBlue's sub-fleet of A321s (it operated 63 A321s in
total as of March 2024), and about 9% of its total fleet, making it
highly unlikely that the aircraft in this pool would be rejected in
the case of a bankruptcy. The A321 has taken a key role in
JetBlue's fleet since the carrier started operating it in 2013.

Senior Tranche Ratings

The ratings on the class AA and A certificates are driven by a
top-down analysis incorporating a series of stress tests that
simulate the rejection and repossession of the aircraft in a severe
aviation downturn.

2019-1

Fitch has affirmed the JetBlue 2019-1 class A certificates at 'BBB'
due to limited LTV headroom under the 'BBB' stress scenario.
Maximum LTVs stayed relatively flat since its last review in
November, decreasing to 95.7% from 96.6%. The collateral in the
pool is still seen as highly attractive, however, the low
diversification and slow amortization profile, makes the
transaction's LTVs susceptible to marginal value declines.

Fitch has affirmed JetBlue's 2019-1 class AA certificates at 'A+'
due to a large amount of overcollateralization. The class AA
certificates saw LTVs stay relatively flat, decreasing to 80.2%
from 80.8% under the A level stress scenario. The large buffer in
LTVs helps mitigate concerns related to slow amortization and
diversification mentioned above.

2020-1

Fitch has affirmed the ratings on JetBlue's 2020-1 transaction at
'A', as the transaction continues to pass the A level stress
scenario with sufficient headroom. Fitch calculated the maximum
LTVs for the class A certificates transaction to be 89.0%, down
from 89.5%. Collateral declines for the pool's 17 A321s and 7 A321
NEOs were within its updated depreciation assumptions. Unlike the
2019-1 transaction, Fitch expects collateralization to improve over
the next several years as the transaction's pace of amortization
increases.

DERIVATION SUMMARY

JetBlue's 'B' rating is above domestic peers, Spirit Airlines (CCC)
and Hawaiian Holdings (B-/Rating Watch Positive). JetBlue maintains
a stronger balance sheet than both Spirit and Hawaiian, and faces
less near-term refinancing risk. Compared to Spirit, JetBlue also
benefits from a strong market presence in key markets such as New
York and Boston, along with a more customer-friendly reputation.
Compared to network peers such as American (B+/Stable), or United
(BB-/Stable) JetBlue's leverage metrics are notably weaker due to
strained near-term profitability.

JetBlue's operating margins remain well below pre-pandemic levels,
and are expected to remain pressured in 2024, while the network
carriers have largely rebounded. JetBlue is also more
geographically concentrated than large network peers, and generates
less robust loyalty program revenues. Fitch expects JetBlue's
metrics to improve over time, returning to levels more comparable
with its network peers..

EETC Ratings

The certificates rated 'A+' are one notch higher than ratings for
several class A certificates issued by other carriers. Stress
scenario LTVs for the 2019-1 transaction remain low and continue to
support the 'A+' rating. The 2020-1 class A certificates that are
rated 'A' compare well with issuances from American, Air Canada and
British Airways that are also rated 'A'. Rating similarities are
driven by similar levels of overcollateralization and high-quality
pools of collateral.

The 'BB+' ratings on the class B certificates are derived through a
four-notch uplift from JetBlue's IDR. The four-notch uplift
reflects a high affirmation factor and benefit of a liquidity
facility.

KEY ASSUMPTIONS

- JetBlue's capacity is down roughly 3% in 2024 followed by low to
mid-single digit growth thereafter;

- Modest unit revenue improvement in 2024 driven in part by slower
capacity growth and prioritization of more profitable routes;

- Jet Fuel around $2.85 for 2024 and around $2.80 for the remainder
of the forecast;

- Non-fuel unit costs are up around 6% in 2024 and decline modestly
in 2025.

- Capex averages $1.6 billion annually through the forecast;

- Fitch assumes that JetBlue uses debt financing for the bulk of
its capital spending;

- Fitch assumes three-month SOFR of 4.9% in 2024 declining to 4.5%
in 2025.

EETC Ratings

Key assumptions within the rating case for the issuer include a
harsh downside scenario in which JetBlue declares bankruptcy,
chooses to reject the collateral aircraft, and where the aircraft
are remarketed in the midst of a severe slump in aircraft values.
JetBlue's bankruptcy is hypothetical, and is not Fitch's current
expectation as reflected in JetBlue's 'B' IDR. Fitch incorporates a
25% haircut to the A321-200 and A320-200 and a 20% haircut to the
A321 NEO in its 'A' category stress tests.

RECOVERY ANALYSIS

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

Fitch has assumed a 10% administrative claim.

Going-Concern (GC) Approach

The GC EBITDA estimate of $1,050 million reflects Fitch's view of a
sustainable, post-reorganization EBITDA level upon which Fitch
bases the enterprise valuation.

The GC EBITDA assumption is above LTM levels but below what Fitch
expects JetBlue to generate beyond year three in its forecast.
Fitch's recovery scenario envisions JetBlue experiencing financial
distress due to a leveraged capital structure in the midst of a
sharp industry downturn. Post restructuring EBITDA reflects a
scenario where airline operating margins are structurally lower
than pre-pandemic levels, potentially due to a combination of
higher fuel prices, increasing competition, or weakening levels of
demand.

Although the GC EBITDA figure is above LTM numbers, Fitch views the
estimate as appropriate, as it represents a modest margin compared
to historical results. Prior to the pandemic, JetBlue generated
EBITDA margins in the mid-teens, whereas the GC estimate used in
Fitch's analysis is more in-line with an approximately 10%
post-exit margin expectation. The GC estimate and multiple also
lead to an estimated enterprise value (EV) that is only slightly
above the liquidation value supported by the book value of
JetBlue's assets.

Historical bankruptcy case study exit multiples for peer companies
ranged from 3.1x to 6.8x.

Fitch assumes a 5x EV multiple. The middle to low of the range is
supported by JetBlue's growth trajectory offset by industry
volatility inherent for the airlines.

The secured credit facility results in a Recovery Rating of
'BB'/'RR1'.

RATING SENSITIVITIES

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

- EBIT margins improving to the mid-to-high single digits;

- Adjusted debt/EBITDAR below 4.5x;

- EBITDAR fixed-charge coverage remaining above 2x.

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

- Sustained EBITDAR leverage above 5.5x;

- EBITDAR fixed-charge coverage falling below 1.5x on a sustained
basis;

- Evidence of decreasing financial flexibility potentially
illustrated by continued leveraging of assets to maintain
liquidity.

EETC Sensitivities

The class AA and A certificate ratings are primarily based on a
top-down analysis based on the value of the collateral. Therefore,
a negative rating action could be driven by an unexpected decline
in collateral values. Senior tranche ratings could also be affected
by a perceived change in the affirmation factor or deterioration in
the underlying airline credit.

The 2019-1 class A certificates are more susceptible to collateral
value fluctuations due to a less aggressive amortization profile
relative to the other transactions. Positive rating actions are not
expected for these transactions in the near term, driven by current
collateral coverage and limited LTV headroom under the 'BBB' stress
scenario for the 2019-1 class A's.

Subordinated tranche ratings are based off of the underlying
airline IDR. If JetBlue's IDR is downgraded to 'B-' from 'B', the
class B certificates could be notched downward but have the
potential to be affirmed if additional notching was ultimately
applied for solid recovery prospects. Positive rating actions could
occur if JetBlue's IDR is upgraded.

LIQUIDITY AND DEBT STRUCTURE

Sufficient Liquidity: As of 3/31/2024, JetBlue had a cash and cash
equivalents balance of $1,237 million and short-term investment
securities of $326 million, equating to 16.4% of LTM revenue. Total
liquidity, including JetBlue's $600 million undrawn revolver, is
equivalent to 22.7% of LTM revenue. Fitch views JetBlue's liquidity
as sufficient, though negative FCF will necessitate debt or
sale-leaseback (SLB) financing of upcoming deliveries or continued
monetization of unencumbered assets to maintain cash going forward.
JetBlue recorded SLB proceeds of $1.33 billion in 2023.

JetBlue's $600 million revolver is secured by spare parts,
aircraft, spare engines, and simulators. The revolver matures in
October 2025.

EETC

JBLU 2020-1

Both tranches of debt in this transaction feature a dedicated
liquidity facility provided by Natixis (Fitch rated A/F1/Stable).

2019-1

All three tranches of debt in this transaction feature a dedicated
liquidity facility provided by Credit Agricole (Fitch rated
A+/F1/Stable).

ISSUER PROFILE

JetBlue is a low-cost carrier that serves over 100 destinations
throughout the United States, Caribbean, and Latin America.

ESG CONSIDERATIONS

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating         Recovery   Prior
   -----------             ------         --------   -----
JetBlue Airways
Corporation          LT IDR B   Downgrade            B+

   senior secured    LT     BB  Downgrade   RR1      BB+

JetBlue Airways
Pass Through Trust
Series 2019-1

   senior secured    LT     A+  Affirmed             A+

   senior secured    LT     BBB Affirmed             BBB

   senior secured    LT     BB+ Downgrade            BBB-

JetBlue Airways
Pass Through Trust
Series 2020-1

   senior secured    LT     A   Affirmed             A

   senior secured    LT     BB+ Downgrade            BBB-


JR PARTNERS: Seeks to Tap Jenny Doyle Group as Real Estate Broker
-----------------------------------------------------------------
JR Partners LLC seeks approval from the U.S. Bankruptcy Court for
the Northern District of Georgia to hire The Jenny Doyle Group as
its real estate broker.

The broker will market and sell the Debtor's real property located
at 310 Timberview Trail, Milton, Georgia.

Jenny Doyle Group will receive a commission of 5 percent.

As disclosed in the court filings, Jenny Doyle Group is a
"disinterested person" within the meaning of 11 U.S.C. 101(14).

The firm can be reached through:

     Jenny Doyle
     The Jenny Doyle Group
     945 Mid Broadwell Rd
     Milton, GA 30004
     Phone: (404) 840-7354

             About JR Partners LLC

JR Partners LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No.
24-54612) on May 6, 2024, listing up to $50,000 in assets and $1
million to $10 million in liabilities. The petition was signed by
David Sajdak as authorized representative. Thomas T. McClendon,
Esq. at Jones & Walden, LLC represents the Debtor as counsel.


JUN ENTERPRISE: Files Emergency Bid to Use Cash Collateral
----------------------------------------------------------
Jun Enterprise LLC d/b/a Ruby's Academy for Health Occupations asks
the U.S. Bankruptcy Court for the Southern District of Florida,
Fort Lauderdale for authority to use cash collateral and provide
adequate protection for 60 days, in accordance with the budget.

The Debtor is forced to file this bankruptcy primarily due to a
judgment obtained by an entity, Oakland West, LLC which was to be
the Debtor's Landlord, but for various reasons the Debtor did not
occupy the premises. On May 6, 2024, the entity, Oakland West, LLC
executed on the judgment and on the Debtors' bank account at TD
Bank resulting in a disruption in operations.
\
The Debtor requires the use of cash collateral to continue the
operations of its nursing school.

The Secured Lender, the U.S. Small Business Administration, an SBA
loan is the secured creditor in first position. The SBA loan is in
the amount of $829,000 and the value of the assets of the Debtor is
approximately $560,000 on the petition date. The Debtor proposes to
pay the SBA in the amount of $1,500 per month as adequate
protection. This more than covers any possible diminution of the
Debtor's assets, if any. The SBA will benefit by the Debtor's
reorganization as a going concern sale as it will maximize the
value to the Lender and other creditors. The Debtor also is
providing a replacement lien to the SBA. The SBA filed a UCC-1 as
to the Debtor's assets.

The Debtor owns two investment rental properties which are separate
and distinct from its core business as a school of nursing. The two
condominiums arc located in Tamarac, Florida and Lauderhill,
Florida, respectively. The Tamarac Condo is valued at approximately
$175,000 and the SBA has a first mortgage lien on the Condo. The
Lauderhill Condo is valued at approximately $150,000 and is subject
to a first mortgage lien by a private lender, David Keel IRA in the
amount of approximately $60,000. Keel is paid $600 a month on the
mortgage and the Debtor proposes continuing to pay Keel such amount
as adequate protection.

The value of the Debtors assets at the time of the filing of the
bankruptcy petition is approximately $555,000.

The Debtor offers as adequate protection to the SBA a replacement
lien on any collateral to the same extent, validity and priority
that existed prior to the Petition Date, and payment of $1,500 per
month.

The Debtor proposes to pay David Keel IRA $600 per month as
adequate protection and maintain the mortgage as current.

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

The Debtor projects $50,000 in income and $50,000 in expenses.

               About Jun Enterprise LLC

Jun Enterprise LLC operates a nursing school. The Debtor sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
S.D. Fla. Case No. 24-14748-PDR) on May 15, 2024. In the petition
signed by Carolyn Sutton, president/owner, the Debtor disclosed up
to $1 million in assets and up to $10 million in liabilities.

Thomas L. Abrams, Esq., at Thomas L Abrams PA, represents the
Debtor as legal counsel.


KBHS ACQUISITION: Ares Capital Marks $400,000 Loan at 25% Off
-------------------------------------------------------------
Ares Capital Corporation has marked its $400,000 loan extended to
KBHS Acquisition, LLC (d/b/a Alita Care, LLC) to market at $300,000
or 75% of the outstanding amount, as of March 31, 2024, according
to a disclosure contained in Ares Capital's Form 10-Q for the
quarterly period ended March 31, 2024, filed with the Securities
and Exchange Commission.

Ares Capital is a participant in a First lien senior secured
revolving loan to KBHS Acquisition, LLC (d/b/a Alita Care, LLC).
The loan accrues interest at a rate of 11.94% (SOFR (Q) +6.50%) per
annum. The loan matures in March 2026.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Alita Care, LLC provides health care services. 



KENBENCO INC: Seeks to Hire Genova Malin & Trier as Legal Counsel
-----------------------------------------------------------------
Kenbenco, Inc. seeks approval from the U.S. Bankruptcy Court for
the Southern District of New York to hire Genova, Malin & Trier,
LLP as counsel.

The firm will render these services:

   a. give the Debtor legal advice with respect to its powers and
duties in its financial situation and management of the property of
the Debtor;

   b. take necessary action to void liens against the Debtor's
property;

   c. prepare and amend, on behalf of the Debtor, necessary
petitions, schedules, orders, pleadings and other legal papers;
and

   d. perform all other legal services for the Debtor as Debtor
which may be necessary herein.

The firm will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Michelle Trier, Esq., an attorney at Genova, Malin & Trier,
disclosed in a court filing that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Michelle L. Trier, Esq.
     Genova, Malin & Trier LLP
     1136 Route 9, Suite 1
     Wappingers Falls, NY 12590
     Tel: (845) 298-1600
     Fax: (845) 298-1600

            About Kenbenco, Inc.

Kenbenco, Inc. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
24-35470) on May 10, 2024, listing $500,001 to $1 million in assets
and $1,000,001 to $10 million in liabilities. Michelle L Trier Esq.
at Genova, Malin & Trier, LLP represents the Debtor as counsel.


KEVIN CONCANNON: $5MM DIP Loan from Alleon OK'd
-----------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, authorized Kevin Concannon, LLC dba Lifeline
Pharmacy, to use cash collateral and obtain postpetition financing,
on an interim basis, in accordance with the terms and conditions of
the First, Second and Third Interim Orders, and the Fourth Interim
Order, in accordance with the Updated Budget.

The Debtor is permitted to continue to draw on a revolving loan
facility from Alleon Capital Partners, LLC, up to $750,000 on an
interim basis.

As previously reported by the Troubled Company Reporter, the DIP
Facility is expected to mature and be due and payable 12 months
from the Expected Funding Date.

The interest rate is the greater of (i) 16.50% per annum or (ii)
the Prime Rate plus the Spread (8%).

The Debtor requires the use of cash collateral to continue the
operation of the pharmacy, provide financial information, pay
employee compensation, payroll taxes, and overhead during the
pendency of the Chapter 11 Case.

Any secured creditor having a valid, perfected security interest
was granted a replacement lien pursuant to 11 U.S.C. sections 361,
363(e) and 364(d)(1)(B) in all assets in which and to the extent
the Debtor holds an interest, whether tangible or intangible,
whether by contract or operation of law, and including all profits
and proceeds thereof. The Replacement Lien will have the same
priority as the secured creditor's prepetition lien. The
Replacement Lien was granted to the extent there is a diminution in
value of a secured creditor's collateral as a result of the
financing and use of cash collateral authorized by the Interim
Order.

Any creditor having a valid, perfected security interest will be
entitled to a superpriority administrative expense claim to the
extent of any diminution in the value of its collateral as a result
of the Interim Order pursuant to 11 U.S.C. section 507(b).

Except for fees due pursuant to the Carve Out, the Debtor will not
be authorized to borrow funds and/or use cash collateral for any
purpose hereunder on or after the Termination Date without an
express Court order authorizing the same. Termination Date means
the earliest to occur of (a) the Contractual Termination Date, (b)
the Early Termination Date, and (c) the effective date of
termination as set by DIP Lender pursuant to the terms of the
Agreement.

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

              About Kevin Concannon LLC
               d/b/a Lifeline Pharmacy

Kevin Concannon, LLC is a locally owned pharmacy serving the
Edinburg, McAllen, Mission, San Juan, Alamo, Elsa, Alton, Weslaco,
Pharr, Hidalgo, Mercedes, Donna, Palmview, La Joya, Penrtas,
Palmhurst and the surrounding areas.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Tex. Case No. 23-90759) on August 2,
2023. In the petition signed by Kevin Concannon, manager, the
Debtor disclosed up to $50 million in both assets and liabilities.

Judge Christopher M. Lopez oversees the case.

Patrick J. Neligan Jr., Esq., at Neligan LLP, represents the Debtor
as legal counsel.


KIDKRAFT INC: Hires KidKraft Inc as Claims and Noticing Agent
-------------------------------------------------------------
KidKraft, Inc. and its affiliates seek approval from the U.S.
Bankruptcy Court for the Northern District of Texas to hire
Stretto, Inc. as its claims and noticing agent.

The Debtor requires a claims and noticing agent to serve notices to
creditors, equity security holders and other concerned parties, as
well as provide computerized claims-related services.

The Debtors provided Stretto an advance in the amount of $25,000.

Sheryl Betance, a senior managing director at Stretto, disclosed in
a court filing that her firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Sheryl Betance
     Stretto, Inc.
     410 Exchange, Ste. 100
     Irvine, CA 92602
     Telephone: (714) 716-1872
     Email: sheryl.betance@stretto.com

             About KidKraft

KidKraft, Inc. manufactures and sells wooden toys and furniture.
The Company offers easels, puzzles, dollhouses, tables, chairs, and
toddler beds.

KidKraft, Inc. filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (N.D. Tex. Case No. Bankr.
24-80045) on May 10, 2024, listing $100,000,001 to $500 million in
both assets and liabilities.

Judge Michelle V Larson presides over the case.

Matthew David Struble, Esq. at Vinson & Elkins represents the
Debtor as counsel.


L.O.F. INC: Wins Cash Collateral Access Thru June 4
---------------------------------------------------
The U.S. Bankruptcy COurt for the Southern District of Florida,
West Palm Beach Division, authorized L.O.F. Inc. and Discount Auto
Experts, Inc. to use cash collateral on an interim basis, in
accordance with the budget, with a 10% variance, through June 4,
2024.

As for L.O.F.:

     i. Old National Bank asserts a first priority security
interest in substantially all of L.O.F.'s assets by virtue of a
secured loan agreement with L.O.F., and perfected by a UCC-1
financing statement filed on June 17, 2009 (Instrument No.
200900005035317) with the Indiana Secretary of State.

    ii. The U.S. Small Business Administration may purportedly have
a security interest in certain assets of L.O.F., including
accounts, receivables, and deposit accounts of L.O.F., which may be
perfected by a UCC-1 financing statement filed on May 25, 2020
(Instrument No. 202005252624502) with the Indiana Secretary of
State.

   iii. Corporate Service Company, as Representative may
purportedly have a security interest in certain assets of L.O.F.,
including accounts of L.O.F., which may be perfected by a UCC-1
financing statement filed on September 13, 2022 (Instrument No.
202209132977544) with the Indiana Secretary of State.

    iv. Amazon Capital Services, Inc. asserts a security interest
in substantially all of L.O.F.’s assets by virtue of a
secured loan agreement with L.O.F., and perfected by a UCC-1
financing statement filed on July 7, 2023 (Instrument No.
202307073084619) with the Indiana Secretary of State.

     v. First Corporate Solutions, as Representative may
purportedly have a security interest in certain assets of L.O.F.,
including accounts and accounts receivable of L.O.F., which may be
perfected by a UCC-1 financing statement filed on February 8, 2024
(Instrument No. 202402083157680) with the Indiana Secretary of
State.

As for DAE:

     i. ACS asserts a security interest in substantially all of
DAE's assets by virtue of a secured loan agreement with DAE, and
perfected by a UCC-1 financing statement filed on October 19, 2016
(Instrument No. 201600008354685) with the Indiana Secretary of
State.

    ii. Old National asserts a security interest in substantially
all of DAE's assets by virtue of a secured corporate guaranty
related to the indebtedness owed by L.O.F., and perfected by a
UCC-1 financing statement filed on November 16, 2023 (Instrument
No. 202311163129234) with the Indiana Secretary of State.

As adequate protection, Old National and ASC are granted a valid,
attached, choate, enforceable, perfected, post-petition security
interests and liens in and against all post-petition assets of the
Debtors of the same character and type, to the same nature, extent,
validity, and priority that existed prepetition, and to the extent
of diminution in value of Old National's and ASC's collateral
caused by the Debtor's use of cash collateral.

In addition, Old National and ASC will hold allowed superpriority
administrative claims under 11 U.S.C. Section 507(b) with respect
to the adequate protection obligations of the Debtors to the extent
that the replacement liens and post-petition collateral do not
adequately protect the diminution in value of the interests of Old
National and ASC in their prepetition collateral.

A further interim hearing on the matter is set for June 4 at 1:30
p.m.

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

              About L.O.F., Inc.

L.O.F., Inc., was founded in 1968 in Northwest Indiana as a retail
Recreational Vehicle sales operation. In 2011, the Company changed
its focus to replacement automotive and industrial products under
its brands such as Best In Auto, TruckChamp, Red Hound Auto, and
Polar Whale.

Debtor: L.O.F., Inc. in Wellington, FL 33414, filed its voluntary
petition for Chapter 11 protection (Bankr. S.D. Fla. Case No.
24-13350) on April 8, 2024, listing $1,198,800 in assets and
$8,259,975 in liabilities. Laszlo Kovach as president, signed the
petition.

Judge Mindy A. Mora oversees the case.

KELLEY KAPLAN & ELLER, PLLC serve as the Debtor's legal counsel.


LABORATORIES BIDCO: Ares Capital Marks $600,000 Loan at 17% Off
---------------------------------------------------------------
Ares Capital Corporation has marked its $600,000 loan extended to
Laboratories Bidco LLC and Laboratories Topco LLC to market at
$500,000 or 83% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a First lien senior secured
revolving loan to Laboratories Bidco LLC and Laboratories Topco
LLC. The loan accrues interest at a rate of 12.21% (SOFR (Q)
+6.75%) per annum. The loan matures in July 2027.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Laboratories Bidco LLC is a provider of Lab testing services for
nicotine containing products.



LBM ACQUISITION: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has assigned a 'B'/'RR4' rating to LBM Acquisition,
LLC's (LBM) proposed offering of first lien term loan due 2031. LBM
intends to use the net proceeds from the first lien term loan to
repay borrowings under its ABL credit facility. Fitch has also
downgraded the ratings of LBM's existing first lien term loans
(currently $2.77 billion outstanding) to 'B'/'RR4' from 'B+'/'RR3'.
The downgrade of the recovery rating of the existing first lien
term loans to 'RR4' from 'RR3' incorporates the diminished recovery
coverage due to the meaningfully greater amount of first lien debt
from the proposed term loan issuance.

Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) of
LBM and BCPE Ulysses Intermediate, Inc. (BCPE) at 'B' and 'B-',
respectively. Fitch has additionally affirmed the long-term ratings
of LBM's ABL facility and unsecured notes and the Holdco PIK note
issued by BCPE. The Rating Outlook is Stable.

KEY RATING DRIVERS

Rating Headroom: Pro forma for the proposed term loan offering, LBM
has a strong balance sheet and solid credit metrics, which provide
rating headroom relative to the negative rating sensitivities for
its 'B' IDR, including EBITDA leverage sustained above 6.5x and
EBITDA interest coverage falling below 2.0x. Opco EBITDA leverage
(excluding BCPE PIK notes) was 4.4x at YE 2023, while EBITDA
interest coverage was 2.3x. Consolidated EBITDA leverage (including
BCPE PIK notes) was 4.8x at YE 2023.

Fitch expects Opco and consolidated EBITDA leverage to settle
between 4.5x-5.5x and 5.0x-6.0x, respectively, in 2024 and 2025.
Fitch forecasts EBITDA interest coverage to be between 2.5x-3.5x
during the next few years. Fitch's forecasts are in line with
previous expectations as Fitch had formerly assumed debt to
increase to fund acquisitions as well as shareholder distributions.
These credit metrics support LBM's and BCPE's respective 'B' and
'B-' IDRs and provide the company with some flexibility to execute
its capital allocation priorities.

Aggressive Capital Allocation Strategy: Fitch expects ownership
under Bain Capital and Platinum Equity to manage LBM's balance
sheet aggressively through further debt-financed M&A activity and
shareholder distributions. Platinum Equity acquired a
co-controlling stake in LBM in December 2023. Fitch believes
ownership has a high leverage tolerance, including debt-financed
acquisitions.

The company also made $650 million of distributions in 2022 and
$500 million in 2023. Fitch expects the company to continue to
consolidate the building products distribution sector during the
rating horizon as well as continued distribution to its
shareholders, which will increase debt.

Highly Cyclical End Markets: The majority of LBM's sales are
directed to highly cyclical end markets and its substantial
exposure to new construction weighs negatively on the credit
profile compared with other building products suppliers with more
stable end-market exposure. The company estimates that about 72% of
2023 sales were to new home construction, while 16% were directed
to commercial new construction and other end markets. The remaining
12% of sales are exposed to the residential and commercial repair
and remodel end markets, which Fitch views as less cyclical than
new construction activity. Fitch expects the company's high
exposure to the new residential construction market and lumber
sales to result in more volatile earnings and credit metrics.

Weak Operating Environment: Fitch forecasts a weaker demand
environment in the next 12 months-18 months as new residential
construction, repair and remodel (R&R) spending, and commercial
construction activity are projected to decline amid an uncertain
economic backdrop and continued housing affordability issues. Fitch
expects single-family starts will improve 3%-4% this year, while
multi-family starts decline almost 20%. Fitch projects mid-single
digit declines in residential repair and remodel and commercial new
construction activity in 2024.

Fitch's rating case forecast assumes that comparable sales volume
increases slightly in 2024 and for lumber prices to settle at an
average range of $350-$400 per thousand board feet, leading to
organic revenues falling low single-digits this year. Fitch's
forecast assumes organic revenues increase 2%-4% in 2025 as housing
activity improves.

Relatively Low but Resilient Margins: Fitch expects EBITDA margins
will settle between 10%-10.5% in 2024 and 2025 compared with 10.7%
in 2023 as costs remain elevated and organic revenues remain weak.
LBM's profitability metrics are commensurate with a 'B'-category
building products issuers and are roughly in line with large
distributor peers. The company's highly variable cost structure and
ability to wind down working capital should help preserve positive
FCF and liquidity through a modest construction downturn, but
material declines in EBITDA margins or a sharp and sustained
decline in lumber prices could lead to unsustainable long-term
leverage levels.

Competitive Position: LBM has strengthened its competitive position
in the pro building products sector over the past several years.
Fitch estimates LBM is one of the largest pro building products
distributors in the U.S. by total revenues. Fitch believes the
company's growth and synergy realization with its portfolio of
acquired companies will allow it to maintain structurally higher
margins compared to when first purchased by Bain in 2020. The
company's competitive position is weaker than investment-grade
building product manufacturer peers, due to the highly fragmented
nature of the distribution industry and the company's exposure to
commoditized product offerings.

Broad Product Offering: LBM offers a comprehensive suite of
products for homebuilders and other construction professionals,
including structural, interior and exterior products. However, LBM
has some commoditized product offerings, including about 25% of
sales from wood products, which can cause revenue and gross margin
volatility due to their sensitivity to lumber prices. LBM also
offers installation services and light manufacturing capacity,
enabling the company to be a one-stop shop for residential and
commercial construction needs. This product breadth provides some
competitive advantage over smaller distributors and diversifies the
company's supplier base.

DERIVATION SUMMARY

LBM's overall scale is a credit strength relative to other 'B'
category building products distributor and manufacturer peers, such
as Park River Holdings, Inc. (B-/Stable), Doman Building Materials
Group Ltd. (Doman; B+/Stable) and Chariot Buyer LLC (dba
Chamberlain Group; B-/Stable). LBM has meaningfully weaker
profitability metrics than Chamberlain Group but lower leverage.
LBM's margins are in line with Park River and its leverage is
lower.

Doman has lower margins but maintains a significantly lower
leverage compared to LBM. LBM has higher exposure to the more
cyclical new construction market relative to these peers. Overall
financial flexibility among these peers is comparable, with no
material debt maturities in the near- to intermediate-term.

Fitch applies its "Parent and Subsidiary Linkage Rating Criteria"
to derive the IDRs for LBM and BCPE. Fitch considers LBM's credit
profile stronger than parent (BCPE) due to LBM's unrestricted
access to operating cash flows, compared to BCPE's qualified access
to cash flows through permitted upstreaming of dividends from LBM
to BCPE. These are the only cash flows supporting BCPE's capacity
to service or repay its debt.

Following the 'Stronger Subsidiary Path', Fitch determines that
legal ring fencing is porous, due to covenants on LBM's relatively
short-dated debt, which could restrict cash flows between the
entities. Fitch also considers 'Access & Control' as porous, as LBM
manages most of its funding needs. This consideration is partially
offset by BCPE's full indirect ownership of LBM.

Fitch views the group's consolidated credit profile as a 'B' risk.
Fitch also considers LBM's standalone credit profile (SCP) a 'B'
IDR, as both opco leverage and consolidated leverage are
commensurate with this rating level. LBM's IDR is capped at its 'b'
SCP. Fitch rates BCPE's IDR one notch lower than the consolidated
credit profile to reflect the risk that the parent's access to
subsidiary cash could be constrained by covenants in place on LBM's
debt, particularly during a stress scenario.

KEY ASSUMPTIONS

- Organic revenues fall low-single digits in 2024 and improve 2%-4%
in 2025;

- Lumber prices average between $350-$400 per thousand board feet
in 2024-2025;

- EBITDA margins of 10%-10.5% in 2024 and 2025;

- OpCo EBITDA leverage of 4.5x-5.5x and consolidated leverage of
5.0x-6.0x in 2024 and 2025;

- $500 million of acquisitions annually, funded in part by debt;

- Shareholder distributions of $300 million annually in 2024 and
2025;

- SOFR rates averaging 5.25% in 2024 and 4.25% in 2025.

RECOVERY ANALYSIS

Recovery Assumptions:

The recovery analysis assumes that LBM would be considered a going
concern (GC) in bankruptcy and that the company would be
reorganized rather than liquidated. Fitch has assumed a 10%
administrative claim and a 3% concession payment from LBM's secured
lenders to LBM's unsecured bondholders in the analysis.

Fitch's GC EBITDA estimate of $500 million estimates a
post-restructuring sustainable EBITDA. The GC EBITDA is based on
Fitch's assumption that distress would arise from weakening in the
housing market combined with losses of certain customers. Fitch
estimates that annual revenues, which are about 20% below pro forma
2023 levels, and Fitch-adjusted EBITDA margins of about 7.5%-8.0%
would capture the lower revenue base of the company after emerging
from a housing downturn, plus a sustainable margin profile after
right sizing. This results in Fitch's $500 million GC EBITDA
assumption.

Fitch assumed a 6.0x enterprise value (EV) multiple to calculate
the GC EV in a recovery scenario. The 6.0x multiple is comparable
to the multiple used for Park River Holdings, Inc., which has
higher margins but is considerably smaller than LBM. The 6.0x
multiple is higher than the 5.5x multiple utilized for New AMI I
(B/Negative) and Doman. These peers are smaller in scale and have
narrower product offerings than LBM. LBM's GC EBITDA multiple is
lower than Chamberlain Group's at 6.5x due to Chamberlain's leading
market position and meaningfully stronger profitability metrics
through the cycle when compared to LBM.

Fitch assumes the ABL revolver has $1.2 billion outstanding at the
time of recovery, which accounts for potential shrinkage in the
available borrowing base during a period of deflating lumber prices
and contracting volumes that causes a default, and is assumed to
have priority ranking claims to the term loan in the recovery
analysis.

The analysis results in a recovery corresponding to an 'RR1' for
the $1.75 billion ABL and an 'RR4' for LBM's $3.4 billion in
cumulative term loan borrowings. LBM and BCPE's unsecured debt
receive recoveries corresponding to an 'RR6'.

RATING SENSITIVITIES

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

LBM

- Fitch's expectation that LBM's standalone EBITDA leverage (opco
leverage) will be sustained below 5.0x;

- CFO - capex/debt consistently above 7%;

- The company lowers its end-market exposure to the new home
construction market to less than 50% of sales in order to reduce
earnings cyclicality and credit metric volatility through the
housing cycle;

- LBM maintains a strong liquidity position, with no material
short-term debt obligations.

BCPE

- Improvement in the consolidated credit profile of the group, as
evidenced by total consolidated EBITDA leverage (consolidated
leverage) sustaining below 5.0x (which includes holdco PIK toggle
notes as debt).

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

LBM

- Fitch's expectation that standalone EBITDA leverage (opco
leverage) will be sustained above 6.5x;

- CFO-Capex/debt consistently below 4%;

- Escalation of shareholder friendly activity; this may include
additional debt at the holdco, such that Fitch deems the
probability of default materially increasing at LBM, or dividends
decisions at LBM aimed at supporting the holdco;

- EBITDA interest coverage falls below 2.0x;

- Fitch's expectation that FCF will approach neutral or fall to
negative.

BCPE

- Deterioration in the consolidated credit profile of the group, as
evidenced by total consolidated EBITDA leverage (consolidated
leverage) sustaining above 6.5x.

LIQUIDITY AND DEBT STRUCTURE

Sufficient Liquidity: LBM had $6.6 million of cash as of Dec. 31,
2023 and about $531 million of borrowing availability under its
$1.75 billion ABL facility that matures in May 2027. Pro forma for
the proposed offering of first lien TL to repay ABL borrowings,
availability under the ABL is expected to be in excess of $1
billion. The company's near-term debt maturities are limited to 1%
term loan amortization per year until BCPE's PIK Toggle notes come
due in April 2027 and LBM's term loans come due in December 2027.

The company's interest rate hedging for a combined $2.7 billion
notional amount should allow it to maintain appropriate EBITDA
interest coverage levels over the intermediate-term, during what
Fitch anticipates to be an elevated interest rate environment.
Fitch expects EBITDA interest coverage will be sustained between
2.5x-3.5x over the intermediate-term.

ISSUER PROFILE

LBM is one of the largest U.S. pro building products distributors
by annual revenues in the highly fragmented distribution industry.
The company offers a broad suite of product offerings to
homebuilders, commercial construction customers, and repair and
remodel professionals.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch considers the holdco PIK toggle notes not debt of the rated
entity (LBM). Fitch deducts upstreamed dividends to the holdco from
LBM's FFO due to the fixed recurring nature of the payment and the
interest-like qualities of the dividend, as it is being used to
service required interest payments on the holdco's debt. Fitch also
adds back nonrecurring transaction expenses, stock-based
compensation and inventory step-up charges to EBITDA.

ESG CONSIDERATIONS

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt               Rating           Recovery   Prior
   -----------               ------           --------   -----
LBM Acquisition, LLC   LT IDR B    Affirmed              B

   senior secured      LT     B    New Rating   RR4

   senior unsecured    LT     CCC+ Affirmed     RR6      CCC+

   senior secured      LT     B    Downgrade    RR4      B+

   senior secured      LT     BB   Affirmed     RR1      BB

BCPE Ulysses
Intermediate, Inc.     LT IDR B-   Affirmed              B-

   senior unsecured    LT     CCC  Affirmed     RR6      CCC


LEGAL RECOVERY: Rental Income to Fund Plan Payments
---------------------------------------------------
Legal Recovery, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of California a Plan of Reorganization dated May
6, 2024.

Legal Recovery LLC (LR) is a California limited liability company
established on December 19, 2013 to collect on promissory notes
owed by Martin Lee Eng (Eng).

LR obtained a judgment of $1,507,302.92 on 2015-07-08 in San
Francisco Superior Court Case no. CGC-14- 542378 (Legal Recovery,
LLC vs. Martin Lee Eng, filed 2014-10-27). To enforce said
judgment, LR filed a fraudulent conveyance action and obtained a
judgment on October 7, 2021 against Lombard Flats LLC and other
defendants in San Francisco Superior Court Case no. CGC 15-548357
(Legal Recovery, LLC vs. Martin Lee Eng et al., filed October 8,
2015).

Lombard Flats LLC (LF) was the owner of 949-953 Lombard Street, San
Francisco, California 94133 (the "Lombard Street Property"). A writ
of execution and levy was recorded against the Lombard Street
Property and a Sheriff's Sale was conducted on 2024-01-30 with LR
as the winning bidder. The Sheriff's Deed, conveying the Lombard
Street Property to LR, was recorded on 2024-02-05 as San Francisco
Recorder Doc # 2024012830.

The Lombard Street property is a three unit residential property.
Eng and his mother Sau Eng resides in one or more of the units.
Debtor has filed a pending unlawful detainer action on 2024-02-09,
SF Case no. CUD-24-674202, to evict the unauthorized persons
residing at the Lombard Street Property.

Class 2 consists of General Unsecured Creditors. These creditors
shall be paid, in quarterly payments, their pro-rata share of the
Debtor's Monthly Net Cash Flow for 3 years from the Effective Date
of the Plan. Payments will be due the 15th day of the month
following the end of the calendar quarter starting the first full
month after the Effective Date of the Plan. Creditors in this class
may not take any collection action against Debtor so long as Debtor
is not in Material Default in performing its obligations under the
Plan. This class is impaired.

Class 2A consists of Interest of Debtor's Member. The Debtor's
member shall retain its interest with legal and equitable rights
unaltered by the Plan. This class is not impaired.

The payments under the Plan shall be made from the rents paid to
the Debtor from tenants of the Lombard Street Property after
payment of ordinary and necessary expenses related to its operation
and a reserve for vacancy, repairs and capital improvements.

A full-text copy of the Plan of Reorganization dated May 6, 2024 is
available at https://urlcurt.com/u?l=z3HgGa from PacerMonitor.com
at no charge.

Attorney for the Debtor:

     Leeds Disston, Esq.
     The Law Offices of Leeds Disston
     300 Frank H. Ogawa Plz, Ste 205
     Oakland, CA 94612-2060
     Tel: (510) 835-8110
     Email: casdiss@yahoo.com

                 About Legal Recovery, LLC

Legal Recovery LLC is engaged in activities related to real
estate.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. N.D. Calif. Case No. 24-30074) on February
6, 2024, with $1 million to $10 million in assets and liabilities.
Demas Yan, manager, signed the petition.

Judge Dennis Montali oversees the case.

Leeds Disston, Esq., represents the Debtor as legal counsel.


LIFESCAN GLOBAL: Ares Capital Marks $12MM Loan at 40% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $12.3 million loan extended
to Lifescan Global Corporation to market at $7.4 million or 60% of
the outstanding amount, as of March 31, 2024, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Lifescan Global Corporation. The loan matures in December 2026.

The Loan was on non-accrual status as of December 31, 2023.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

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


LIFESCAN GLOBAL: Ares Capital Marks $200,000 2L Loan at 50% Off
---------------------------------------------------------------
Ares Capital Corporation has marked its $200,000 loan extended to
Lifescan Global Corporation to market at $100,000 or 50% of the
outstanding amount, as of March 31, 2024, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a Second Lien Senior Secured Loan
to Lifescan Global Corporation. The loan matures in March 2027.

The Loan was on non-accrual status as of December 31, 2023.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

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



LIQUIDMETAL TECHNOLOGIES: Reports $314K Net Loss in First Quarter
-----------------------------------------------------------------
Liquidmetal Technologies, Inc. filed with the Securities and
Exchange Commission its Quarterly Report on Form 10-Q reporting
a net loss of $314,000 on $173,000 of total revenue for the three
months ended March 31, 2024, compared to a net loss of $587,000 on
$30,000 of total revenue for the three months ended March 31,
2023.

As of March 31, 2024, the Company had $31.49 million in total
assets, $1.18 million in total liabilities, and $30.31 million in
total shareholders' equity.

Liquidmetal said, "We have a relatively limited history of selling
bulk amorphous alloy products and components on a mass-production
scale.  Furthermore, the ability of future contract manufacturers
to produce our products in desired quantities and at commercially
reasonable prices is uncertain and is dependent on a variety of
factors that are outside of our control, including the nature and
design of the component, the customer's specifications, and
required delivery timelines.  These factors have previously
required that we engage in equity sales under various stock
purchase agreements to support its operations and strategic
initiatives.

"However, as of March 31, 2024, we had ]$9,403,000] in cash and
restricted cash, as well as [$13,685,000] in investments in debt
securities.  We view this total of [$23,088,000] as readily
available sources of liquidity in the event needed to advance our
existing strategy, and/or pursue an alternative strategy.  As such,
we anticipate that our current capital resources, when considering
expected losses from operations, will be sufficient to fund our
operations for the foreseeable future."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1141240/000143774924017655/lqmt20240331_10q.htm

                About Liquidmetal Technologies

Lake Forest, California-based Liquidmetal Technologies, Inc. --
http://www.liquidmetal.com-- is a materials technology company
that develops and commercializes products made from amorphous
alloys.  The Company's family of alloys consists of a variety of
bulk alloys and composites that utilize the advantages offered by
amorphous alloys technology.  The Company designs, develops and
sells products and custom parts from bulk amorphous alloys to
customers in a wide range of industries.  The Company also partners
with third-party manufacturers and licensees to develop and
commercialize Liquidmetal alloy products.

Liquidmetal reported a net loss of $2.05 million in 2023, a net
loss of $2.39 million in 2022, a net loss of $3.38 million in 2021,
a net loss of $2.64 million in 2020, and a net loss of $7.43
million in 2019. As of Dec. 31, 2023, the Company had $31.84
million in total assets, $1.25 million in total liabilities, and
$30.59 million in total shareholders' equity.


LITTLE DOLLAR: Hires Giddens Mitchell & Associates as Counsel
-------------------------------------------------------------
Little Dollar, Inc. seeks approval from the U.S. Bankruptcy Court
for the Northern District of Georgia to hire Giddens, Mitchell &
Associates P.C. as counsel.

The firm will render these legal services:

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

     (b) prepare legal papers; and

     (c) perform all other legal services necessary to administer
the Debtor's Chapter 11 case.

The firm will be paid at these rates:

     Kenneth Mitchell, Sr. Attorney    $350 per hour
     Bobby L Giddens, Attorney         $350 per hour
     Kenneth Mitchell, Jr. Attorney    $350 per hour
     Alyceson Sadler, Paralegal        $75 per hour
     Alicia Dennis, Paralegal          $75 per hour

The firm will also seek reimbursement for out-of-pocket expenses
incurred.

The Debtor paid the firm $5,000 for pre-petition fees and $1,738
for the filing fee.

Kenneth Mitchell, Esq., an attorney at Giddens, Mitchell &
Associates, disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Kenneth Mitchell, Esq.
     Giddens, Mitchell & Associates PC
     3951 Snapfinger Parkway, Suite 555
     Decatur, GA 30035
     Tel: (770) 987-7007
     Email: Gmapclawl@gmail.com

                  About Little Dollar, Inc.

Little Dollar, Inc. sought protection for relief under Chapter 11
of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-54559) on May
6, 2024, listing up to $50,000 in assets and $500,001 to $1 million
in liabilities. Kenneth Mitchell, Esq. at Giddens, Mitchell &
Associates, P.C. represents the Debtor as counsel.


LIVINGSTON TOWNSHIP: Taps Heritage Commercial as Real Estate Agent
------------------------------------------------------------------
Livingston Township Fund One, LLC seeks approval from the U.S.
Bankruptcy Court for the Southern District of Mississippi to employ
Heritage Commercial & Land Company, LLC to market and sell its real
property located at 1030 Market Street Flora, MS 39071.

Christine Greenlee, a real estate agent at Heritage Commercial &
Land Company, will be paid a commission of 6 percent of the sales
price.

Ms. Greenlee 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 through:

     Christine Greenlee
     Heritage Commercial & Land Company, LLC
     464 Church Rd., Suite 700
     Madison, MS 39071
     Telephone: (601) 941-3035
     Email: greenleechristine19@gmail.com

           About Livingston Township Fund One, LLC

Livingston Township Fund One, LLC filed a petition under Chapter
11, Subchapter V of the Bankruptcy Code (Bankr. S.D. Miss. Case No.
23-02573) on Nov. 6, 2023, with $1 million to $10 million in both
assets and liabilities. Michael Bollenbacher, managing member,
signed the petition.

Judge Jamie A. Wilson oversees the case.

The Debtor tapped Eileen N. Shaffer, Esq., as legal counsel and
Andrew J. Clark, Esq., at Jernigan Copeland Attorneys, PLLC as
special counsel.


LOJERKY INC: Court Approves Disclosure Statement
------------------------------------------------
Judge Stephen L. Johnson has entered an order that the Amended
Disclosure Statement to Plan of Reorganization of Lojerky, Inc.,
dated Feb. 26, 2024, is approved.

The hearing on confirmation of the plan is set for June 6, 2024 at
1:30 p.m. and will be held in both the presiding Judge's Courtroom
and by Telephonic / Video Conference.

If any objections to confirmation of the plan place disputed facts
at issue, the hearing will also be a status conference to set a
schedule for resolution of those factual disputes.

Attorneys for the Debtor:

     Arasto Farsad, Esq.
     Nancy Weng, Esq.
     FARSAD LAW OFFICE, P.C.
     1625 The Alameda, Suite 525
     San Jose, CA 95126
     Tel: (408) 641-9966
     Fax: (408) 866-7334
     E-mail: farsadlaw1@gmail.com
     nancy@farsadlaw.com

A copy of the Order dated May 1, 2024, is available at
https://tinyurl.ph/czNMY from PacerMonitor.com.

                      About Lojerky, Inc.

Lojerky, Inc., is the owner of the real property located at 406
Redwood Highway, Cave Junction, OR 97523 (the "Property").

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. N.D. Cal.
Case No. 23-51058) on September 17, 2023, disclosing under $1
million in both assets and liabilities.

The Debtor is represented by Arasto Farsad, Esq., of FARSAD LAW
OFFICE, P.C.


MAGNA SERVICE: Wins Cash Collateral Access Thru July 31
-------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
authorized Magna Service Agency, Inc. to use cash collateral, on an
interim basis, in accordance with the budget, through July 31,
2024, pending further order of the court.

The court said prepetition liens of First National Bank of
Pennsylvania will be continued post-petition as to both prepetition
and post-petition assets, but the value of the FNB's liens will not
be greater post-petition than the value thereof at the time of the
filing of the bankruptcy petition initiating the case, plus
accruals and advances thereafter, and minus payments to FNB
thereafter. No additional financing statements need to be filed to
perfect such post-petition liens and security interests.

The pre-petition record liens of any other creditor with an alleged
interest in cash collateral will continue post-petition, to the
extent it is determined, a valid lien exists, but said liens will
not be greater post-petition than the value of their lien at the
inception of the Chapter 11 case plus accruals and advances,
thereafter minus any payments by the Debtor. Further, any
replacement lien will not attach to potential avoidance actions to
be filed by the Parties.

The Debtor commenced on March 1, 2024 and will continue on the 1st
day of each succeeding month until further order of , remitting a
monthly payment to FNB in the amount of $4,216.

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

                About Magna Service Agency, Inc.

Magna Service Agency, Inc. provides the trucking industry with
experienced, dependable, professional, and safe drivers.  Magna
Service Agency also provides the trucking industry with certified
pilot car, escort vehicles and pole cars for
over-dimensional/over-weight loads.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Pa. Case No. 24-20318) on February 9,
2024. In the petition signed by Todd Matthew Bauer, chief executive
officer, the Debtor disclosed $839,413 in assets and $7,159,710 in
liabilities.

Judge Gregory Taddonio oversees the case.

Corey J. Sacca, Esq., at BONONI & COMPANY, P.C., represents the
Debtor as legal counsel.


MAJESTIC GARDEN: June 20 Disclosure Statement Hearing Set
---------------------------------------------------------
Judge Peter D. Russin has entered an order that the Disclosure
Statement of Majestic Garden Condominium C Association, Inc. is
conditionally approved.

The Court will conduct the confirmation hearing and consider final
approval of the Disclosure Statement and approval of timely-filed
fee applications, subject to the following deadlines and
requirements on June 20, 2024 at 1:30 P.M. in 299 East Broward
Boulevard, Courtroom 301, Ft. Lauderdale, FL 33301.

The following deadlines apply with respect to the confirmation
hearing and hearing on fee applications:

   * Deadline for Serving this Order, Disclosure Statement, Plan,
and Ballots will be on Monday, May 6, 2024.

   * Deadline for Objections to Claims will be on Friday, May 10,
2024.

   * Deadline for Filing and Serving Fee Applications will be on
Monday, May 27, 2024.

   * Deadline for Filing and Serving Notice Summarizing All Fee
Applications will be on Thursday, May 30, 2024.

   * Deadline for Filing Ballots Accepting or Rejecting Plan will
be on Thursday, June 6, 2024.

   * Deadline for Filing Objections to Confirmation will be on
Thursday, June 6, 2024.

   * Deadline for Objections to Final Approval of the Disclosure
Statement will be on Thursday, June 6, 2024.

   * Deadline to File Motions Under Fed. R. Civ. P. 43(a) will be
on Thursday, June 13, 2024.

   * Deadline for Filing Proponent's Report and Confirmation
Affidavit will be on Monday, June 17, 2024.

   * Deadline for Filing Exhibit Register and Uploading Any
Exhibits a Party Intends to Introduce into Evidence at the
confirmation hearing will be on Monday, June 17, 2024.

Attorneys for the Debtor:

     Chad Van Horn, Esq.
     VAN HORN LAW GROUP, P.A.
     500 N.E. 4th Street, Suite 200
     Fort Lauderdale, FL 33301
     Tel: (954) 765-3166
     Fax: (954) 756-7103
     E-mail: Chad@cvhlawgroup.com
             Chapter11@cvhlawgroup.com

A copy of the Order dated May 1, 2024, is available at
https://tinyurl.ph/DMBDi from PacerMonitor.com.

             About Majestic Gardens Condominium C
                       Association Inc.

Majestic Gardens Condominium C Association, Inc. is a condominium
association created under the laws of the State of Florida, with an
office at 4045 NW 19th Street, Lauderhill, Fl 33313.

The Debtor filed its voluntary petition for Chapter 11 protection
(Bankr. S.D. Fla. Case No. 21-18653) on Sept. 3, 2021, listing up
to $500,000 in assets and up to $50,000 in liabilities.  Judge
Peter D. Russin oversees the case.

Van Horn Law Group, P.A. and the Law Offices of Valancy & Reed,
P.A. serve as the Debtor's bankruptcy counsel and general counsel,
respectively.


MATCHBOX BUSINESS: Court OKs Interim Cash Collateral Access
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Michigan
authorized Matchbox Business, LLC 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 fund the payment
of post-petition operating expenses that arise in its ordinary
course of business, including, but not limited to: employee wages
and benefits; mortgage; insurance; inventory; and utilities.

The Lenders that are likely to assert an interest in one or more of
the Debtor's assets are:

a. Grand River Bank

           i.  First Priority - filed March 28,2016 (Continuation
December 4, 2020)
          ii.  Balance Owed: $55,552.

b. Small Business Administration

            i.  Second Priority-filed May 5, 2020   
           ii.  Balance Owed: $1,254,652
          iii.  Lien on: All assets

c. AKF. Incd/b/a Fundkite:

             i.  Third Priority- filed December 29, 2023
            ii.  Balance Owed: $232,474.38  
           iii.  Lien on: Receipts

d. Cloudfund, LLC:

              i.  Fourth Priority - filed December 29,2023
             ii.  Balance Owed: Unknown
            iii.  Lien on: accounts, equipment, and general
intangibles

As adequate protection, the Debtor is directed to pay Grand River
Bank its full contractual monthly payment of $3,037.

Secured Creditors are granted continuing and replacement security
interests in liens on all of the Debtor's post-petition property,
excluding the Debtor's rights under 11 U.S.C. section 544 et seq.

The Debtor's use of cash collateral pursuant to the order will
cease, after notice and hearing, upon the occurrence of one of the
following:

     (i) Debtor fails to comply with its promises of adequate
assurance in any fashion;
    (ii) the appointment of a Chapter 11 trustee, other than the
Subchapter V Trustee;
   (iii) conversion of the Chapter 11 proceeding to a Chapter 7;
   (iv) the Chapter 11 proceeding is dismissed without the consent
of the Secured Creditors; or
    (v) a material diminution in the amount of the Debtor's cash
collateral.

A final hearing on the matter is set for June 4 at 11 a.m.

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

                  About Matchbox Business, LLC

Matchbox Business, LLC sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. W.D. Mich. Case No. 24-01263-swd) on
May 9, 2024.
In the petition signed by Nathan Orange, member, the Debtor
disclosed up to $500,000 in assets and up to $10 million in
liabilities.

Judge Scott W. Dales oversees the case.

Steven M. Bylenga, Esq., at CBH Attorneys & Counselors, PLLC,
represents the Debtor as legal counsel.


MINOTAUR ACQUISITION: Moody's Alters Outlook on B2 CFR to Positive
------------------------------------------------------------------
Moody's Ratings affirmed Minotaur Acquisition, Inc.'s B2 corporate
family rating, B1 backed senior secured first lien term loan and
revolving credit facility ratings and affirmed its Caa1 backed
senior secured second lien term loan rating. Minotaur's outlook was
changed to positive from stable. Minotaur is the debt-issuing
entity of Inspira Financial, a provider of retirement, wealth, and
consumer benefits services.

RATINGS RATIONALE

The ratings affirmation reflects Minotaur's strong growth in client
accounts and assets. Minotaur's scale, as measured by client
accounts and assets has increased significantly over the past three
years due to strong organic performance and multiple acquisitions.
Minotaur's total client accounts reached 7.3 million and assets
under custody reached $62 billion as of December 31, 2023, up from
1.5 million and $29 billion as of December 31, 2019. Minotaur has
demonstrated strong and stable growth in non-interest related fees
and operates at a higher level of business diversification than it
did prior to its acquisition of PayFlex Holdings, Inc. (PayFlex) in
2022.

The ratings affirmation also reflects Minotaur's prudent approach
to its cash sweep program, which is laddered over several years and
benefits from fixed deposit arrangements across many partner banks.
Moody's expects that Minotaur will continue to implement this
strategy to significantly preserve the benefits from higher
interest rates over several years, even should interest rates
moderately decline from current levels. However, a rapid and severe
decline in interest rates that is sustained for many years would
eventually negatively impact the firm's performance as
high-yielding contracts will eventually run-off.

Moody's said that while Minotaur's financial performance is
significantly improving, there are still substantial inherent risks
in its business and ownership structure. It has high exposure to
cybersecurity risk because of its access to and use of customers'
sensitive financial information and investments. Moody's said
Minotaur must continue to upgrade and improve its technology and
systems to keep pace with its growth, and failure to do so could
lead to system failures or cybersecurity breaches, which would
damage relationships with plan sponsors and erode franchise value.
Moody's also said that Minotaur's private equity ownership
structure has led to aggressive financial and strategic policies
evidenced by a willingness to engage in debt-funded M&A. This poses
ongoing event risks that are negative to creditors, especially if
the firm increases leverage at a time when macroeconomic variables
like interest rates become less favorable.

Moody's said the change in outlook to positive from stable reflects
the significant improvement in Minotaur's credit metrics, such as
scale, profitability, retained cash flow, debt leverage, and
interest coverage throughout 2023. Moody's expects that Minotaur
will continue to improve its credit metrics over the medium term,
especially if its strong organic growth continues and the company
realizes its targeted synergies from its recent acquisitions
completed in 2023. These improvements, if sustained would
strengthen the firm's credit profile.

The B1 ratings on Minotaur's first lien term loan and revolving
credit facility reflect their priority ranking in Minotaur's
capital structure. The Caa1 rating on Minotaur's senior secured
second lien term loan reflects the facility's secondary ranking
behind a significant amount of first lien indebtedness in
Minotaur's capital structure.

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

Minotaur's ratings could be upgraded should it continue to expand
its revenue streams or develop new revenue sources within the
self-directed IRA, fund custody activities, or consumer-directed
benefits that would reduce reliance on interest rate-related
revenue. The demonstration of a more creditor-friendly financial
policy, such as paying-down debt or sustaining debt leverage below
4x, could also result in an upgrade.

Minotaur's ratings could be downgraded should it demonstrate
aggressive financial policies such as pursuing a wide-range of
shareholder-friendly actions or through a significant increase in
debt leverage to fund M&A. The ratings could also be downgraded
should interest rates decline significantly and remain low for some
time resulting in profitability erosion if not offset by cost
management or other revenue streams, or with an indication that the
firm is willing to take on more interest rate risk. A significant
deterioration in franchise value from legal, regulatory,
compliance, cybersecurity, technology or other issues that would
reduce revenue, increase costs, and damage relations with
record-keepers and plan sponsors could also result in a downgrade.

The principal methodology used in these ratings was Securities
Industry Service Providers published in February 2024.


MIR SCIENTIFIC: Seeks Approval to Sell Assets by Online Auction
---------------------------------------------------------------
miR Scientific, LLC and Huminn, LLC asked the U.S. Bankruptcy Court
for the District of New Jersey to sell their assets by online
auction.

The assets up for auction are stored at the companies' facility
located at 1 Discovery Drive, Rensselaer, N.Y.

The companies, through A.J. Willner Auctions, LLC, intend to
conduct an online auction of the assets through their auctioneer's
website, www.ajwillnerauctions.com.

All interested buyers will have an opportunity to bid for the
assets online. The online auction will go live upon entry of a
court order approving the auction and will remain open for
approximately seven days.

Final payment must be paid within 24 hours of auction. No items can
be removed until entire invoice is paid in full. The auctioneer
reserves the right to resell buyer's lots if full payment is not
made by 3:00 p.m. next day.

The companies will accept cash, cashier's checks or credit cards
(up to $3,000 and a 3% processing fee applies for credit card
purchases.)

All items are sold "as is, where is" without warranty or guarantee.
There will be no re-bids or rebates after an item is sold.

A 15% buyer premium applies to any purchases made via the online
bidding platform.

Judge Christine Gravelle will hold a hearing on May 30 to consider
the proposed sale.

                       About miR Scientific

miR Scientific, LLC is a precision healthcare company committed to
improving public health by transforming cancer management globally.
Its proprietary miR Disease Management Platform was developed to
revolutionize the standard of value-based care for cancers and
initially focuses on urological cancers.

miR Scientific and affiliate Huminn, LLC filed Chapter 11 petitions
(Bankr. D.N.J. Lead Case No. 24-12769) on March 15, 2024. CEO Sam
Salman signed the petitions.

At the time of the filing, miR reported $1 million to $10 million
in assets and $10 million to $50 million in liabilities while
Huminn reported $100,001 to $500,000 in assets and $1 million to
$10 million in liabilities.

Judge Christine M. Gravelle oversees the cases.

Erin J. Kennedy, Esq., at Forman Holt, represents the Debtors as
legal counsel.

The U.S. Trustee for Regions 3 and 9 appointed an official
committee to represent unsecured creditors in the Debtors' Chapter
11 cases. The committee is represented by Venable, LLP.


MISSISSIPPI ORTHOPAEDIC: Hires Sheehan & Ramsey as Legal Counsel
----------------------------------------------------------------
Mississippi Orthopaedic Institute, PLLC seeks approval from the
U.S. Bankruptcy Court for Southern District of Mississippi to hire
Sheehan & Ramsey, PLLC as legal counsel.

The firm will provide these services:

     (a) consult with any appointed committee concerning the
administration of the Debtors' Chapter 11 cases;

     (b) investigate the acts, conduct, assets, liabilities, and
financial condition of the Debtors and other matters relevant to
the cases;

     (c) formulate a Chapter 11 plan; and

     (d) prepare legal papers and reports necessary in the
bankruptcy cases.

The firm will be paid at these rates:

     Patrick A. Sheehan     $450 per hour
     Associate Attorneys    $300 per hour
     Paralegals             $150 per hour

In addition, the firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Patrick Sheehan, Esq., a partner at Sheehan & Ramsey, 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:

     Patrick A. Sheehan, Esq.
     SHEEHAN & RAMSEY, PLLC
     492 Porter Avenue
     Ocean Springs, MS 39564
     Tel: (228) 875-0572
     Fax: (228) 875-0895
     Email: Pat@sheehanramsey.com

         About Mississippi Orthopaedic Institute

Mississippi Orthopaedic Institute, PLLC specializes in the
diagnosis and treatment of all conditions and injuries of the
musculoskeletal system.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Miss. Case No. 24-50562) on April 19,
2024, with $0 to $50,000 in assets and $1 million to $10 million in
liabilities. Dr. Lance Johansen, manager, signed the petition.

Judge Katharine M. Samson presides over the case.

Patrick Sheehan, Esq. at SHEEHAN AND RAMSEY, PLLC represents the
Debtor as legal counsel.


MSI HOLDING: Seeks to Hire Kutner Brinen as Bankruptcy Counsel
--------------------------------------------------------------
MSI Holding LLC seeks approval from the U.S. Bankruptcy Court for
the District of Colorado to hire Kutner Brinen Dickey Riley, P.C.
as its bankruptcy counsel.

The firm will render these services:

     (a) advise the Debtor with respect to its powers and duties;
     
     (b) aid the Debtor in the development of a plan of
reorganization under Chapter 11;

     (c) file the necessary petitions, pleadings, reports, and
actions that may be required in the continued administration of the
Debtor's property under Chapter 11;

     (d) take necessary actions to enjoin and stay until a final
decree the continuation of pending proceedings and to enjoin and
stay until a final decree the commencement of lien foreclosure
proceedings and all matters as may be provided under 11 U.S.C. Sec.
362; and

     (e) perform all other legal services for the Debtor that may
be necessary.

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

     Jeffrey S. Brinen    $515
     Jonathan M. Dickey   $375
     Keri L. Riley        $375
     
The firm received a retainer in the amount of $22,362.50 from the
Debtor.

Jonathan Dickey, Esq., an attorney at Kutner Brinen Dickey Riley,
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:

     Jonathan M. Dickey, Esq.
     Kutner Brinen Dickey Riley, PC
     1660 Lincoln Street, Suite 1720
     Denver, CO 80264
     Telephone: (303) 832-2400
     E-mail: jmd@kutnerlaw.com

               About MSI Holding LLC

MSI Holding LLC filed its voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. D. Colo. Case No.
24-12530) on May 10, 2024, listing $100,001 to $500,000 in assets
and $1,000,001 to $10 million in liabilities. Jonathan Dickey, Esq,
at Kutner Brinen Dickey Riley, P.C. represents the Debtor as
counsel.


NEW RUE21: Rue21 Uses Lender Cash to Sell Stores' Inventories
-------------------------------------------------------------
Alex Wittenberg of Law360 reports that a Delaware bankruptcy judge
gave an initial nod Friday, May 3, 2024, to teen apparel company
rue21's bid to use its lender cash collateral to fund itself as it
works to sell off inventory across 540 stores in the U. S. during
its Chapter 11 case.

                       About rue21 Inc.

rue21 -- http://www.rue21.com/-- is a teen specialty apparel
retailer. For over 37 years, rue21 has been famous for offering the
latest trends at an affordable price point. It has core brands in
girls' apparel (rue21), intimate apparel (true), girls' accessories
(etc!), girls' cosmetics (ruebeaute!), guys' apparel and
accessories (Carbon), girls' plus-size apparel (rue+), and girls'
swimwear (ruebleu). The company is headquartered in Warrendale,
Pennsylvania and have one distribution center located in Weirton,
West Virginia.

rue21 sought relief under Chapter 11 of the U.S. Bankruptcy Code
(Bankr. D. Del. Case No. 24-10939) on May 2, 2024. In its petition,
the Debtor reported assets and liabilities between $100 million and
$500 million each.

The Debtor is represented by:

     Edmon L. Morton
     Young Conaway Stargatt & Taylor, LLP
     Shane M. Reil
     Young Conaway


NU RIDE: Net Loss Narrows to $8.5 Million in Q1 2024
----------------------------------------------------
NU Ride, Inc. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q reporting a net loss of $8.5 million
for the three months ended March 31, 2024, compared to a net loss
$172.7 million for the three months ended March 31, 2023.

The Company had cash and cash equivalents of approximately $19.7
million, excluding restricted cash of approximately $57.7 million,
an accumulated deficit of $1.2 billion at March 31, 2024, and a net
loss of $8.5 million for the three months ended March 31, 2024.

As a result of the Company's accumulated deficit, lack of any
immediate sources of revenue, and the risks and uncertainties
related to the Company's ability to successfully resolve litigation
and other claims that may be filed against us, the effects of
disruption from the Chapter 11 Cases, including the loss of our
personnel, and the costs of the Chapter 11 Cases, substantial doubt
exists regarding the Company's ability to continue as a going
concern for a period of at least 12 months.

"Our liquidity and ability to continue as a going concern is
dependent upon, among other things: the resolution of significant
contingent and other claims, liabilities and the outcome of the
Company's efforts to realize value, if any, from its retained
causes of action, including the Foxconn Litigation, and other
remaining assets," the Company stated.

"We have incurred significant professional fees and other costs in
connection with preparation for and prosecution of the Chapter 11
Cases and expect to continue to incur significant professional fees
and costs.  In addition, we are subject to significant contingent
liabilities, the full scope of which is uncertain at this time.
Furthermore, under the Plan, we are conducting a process to
reconcile the claims asserted that has resulted in approximately
$57.7 million of our cash being reserved for settling outstanding
claims against the Company, including litigation and
indemnification claims.  Pursuant to the Bankruptcy Code, the
Company is first required to pay all administrative claims in full.
Under the Plan, we established an $8.2 million escrow for the
payment of certain professional fees incurred in connection with
the Chapter 11 Cases. The Professional Fee Escrow was established
based upon estimates and assumptions as of the date the Company
emerged from bankruptcy. Therefore, the actual obligations may be
more or less than the amount escrowed.  To the extent the
Professional Fee Escrow is insufficient, the Company will be
required to use its available unrestricted cash to settle its
obligations.  In the event the Professional Fee Escrow exceeds the
Company's obligations, funds will be returned to the Company and
become unrestricted.  The Plan also required the Company to
establish a $45 million reserve for allowed and disputed claims of
general unsecured creditors, including interest (although there can
be no assurance the Company will be able to pay such claims in
full, with interest).  As of March 31, 2024, $42 million was
included in restricted cash, which represents the initial Claims
Reserve of $45 million, less $3 million the Company paid into
escrow upon emergence from bankruptcy for the cash portion of the
Ohio Securities Litigation Settlement. Pursuant to the Plan (which
includes certain exceptions), upon emergence (i) the Claims
Ombudsman was appointed to oversee the administration of claims
asserted against the Company by general unsecured creditors and
(ii) a trustee was appointed to oversee the litigation trust,
which may be funded with certain retained causes of action of the
Company, as was determined by the Board.  Holders of certain
unsecured claims are expected to be entitled to receive
post-petition interest on their claim amount as of the later of the
date the claim was due to be paid, or the petition date.
Therefore, if the claims resolution process takes longer than
anticipated, the total liability to settle claims will increase."

The amount of the Claims Reserve is subject to change and could
increase materially.  The Claims Reserve is adjusted downward as
payments are made for allowed claims, and may also be adjusted
downward as claims are resolved or otherwise as a result of the
claims resolution process.  Claimants may have the ability to amend
their proofs of claim that could significantly increase the total
claims, beyond our estimates or reserve.  There is also risk of
additional litigation and claims that may be asserted after the
Chapter 11 Cases against the Company or its indemnified directors
and officers that may be known or unknown and the Company may not
have the resources to adequately defend or dispute such claims due
to the Chapter 11 Cases. The Company cannot provide any assurances
as to what the Company's total actual liabilities will be based on
any such claims.  To the extent that the Claims Reserve is
insufficient to pay general unsecured creditors in full with
interest, such deficiency will be payable from certain other assets
of the Company, as set forth in the Plan.  Moreover, pursuant to
the Plan, the deadline for parties to file administrative claims
against the Company (i.e., claims for costs and expenses of
administration , including (i) the actual and necessary costs and
expenses incurred, after the petition date and through the date the
Company emerged from bankruptcy, to preserve the estates and
operate the businesses of the Debtors; (ii) professional fee
claims; and (iii) fees and charges payable to the United States
Trustee) was April 14, 2024, which could result in additional
liabilities.  Such additional liabilities, including but not
limited to administrative claims and claims by holders of our Class
A common stock and Preferred Stock among other potential classes of
claimants, if allowed, have not been allocated for in the Claims
Reserve.

"Our assets consist of cash and cash equivalents, restricted cash,
the Foxconn Litigation claims, claims the Company may have against
other parties and NOLs."

A full-text copy of the Company's Form 10-K is available at
https://tinyurl.com/yhp88b2k

                       About NU Ride, Inc.

Nu Ride Inc. f/k/a Lordstown Motors Corp. is an electric vehicle
OEM developing innovative light duty commercial fleet vehicles,
with the Endurance all electric pickup truck as its first vehicle.
It has engineering, research and development facilities in
Farmington Hills, Mich. and Irvine, Calif. The Company emerged from
bankruptcy on March 14, 2024 under the name "Nu Ride Inc."

As of March 31, 2024, the Company has $79.1 million in total
assets, $38 million in total liabilities, and $7.7 million in total
stockholders' equity.


OCUGEN INC: Declares Dividend of Series C Preferred Stock
---------------------------------------------------------
Ocugen, Inc. disclosed in a Form 8-K Report filed with the U.S.
Securities and Exchange Commission that the board of directors the
Company declared a dividend of one one-thousandth of a share of
Series C Preferred Stock, par value $0.01 per share, for each
outstanding share of the Company's common stock, par value $0.01
per share to stockholders of record at on May 20, 2024.

The Shares of Series C Preferred Stock will be uncertificated and
represented in book-entry form. No shares of Series C Preferred
Stock may be transferred by the holder thereof except in connection
with a transfer by such holder of any shares of Common Stock held
by such holder, in which case a number of one one-thousandths of a
share of Series C Preferred Stock equal to the number of shares of
Common Stock to be transferred by such holder will be automatically
transferred to the transferee of such shares of Common Stock.

Each share of Series C Preferred Stock will entitle the holder
thereof to 1,000,000 votes per share (and, for the avoidance of
doubt, each fraction of a share of Series C Preferred Stock will
have a ratable number of votes). Thus, each one-thousandth of a
share of Series C Preferred Stock would entitle the holder thereof
to 1,000 votes. The outstanding shares of Series C Preferred Stock
will vote together with the outstanding shares of Common Stock of
the Company as a single class exclusively with respect to:

     (1) any proposal to adopt an amendment to the Company's Sixth
Amended and Restated Certificate of Incorporation, as amended, to
increase the number of authorized shares of Common Stock in
accordance with the terms of such amendment;

     (2) any proposal to adopt an amendment to the Certificate of
Incorporation to adjust voting requirements for certain future
amendments to the Certificate of Incorporation in accordance with
recent amendments to Section 242(d) of the General Corporation Law
of the State of Delaware; and

     (3) any proposal to adjourn any meeting of stockholders called
for the purpose of voting on the Share Increase Proposal or Voting
Standard Proposal. The Series C Preferred Stock will not be
entitled to vote on any other matter, except to the extent required
under the General Corporation Law of the State of Delaware.

Unless otherwise provided on any applicable proxy or ballot with
respect to the voting on the Share Increase Proposal, Voting
Standard Proposal or the Adjournment Proposal, the vote of each
share of Series C Preferred Stock (or fraction thereof) entitled to
vote on the Share Increase Proposal, Voting Standard Proposal,
Adjournment Proposal or any other matter brought before any meeting
of stockholders held to vote on the Share Increase Proposal, Voting
Standard Proposal and the Adjournment Proposal will be cast in the
same manner as the vote, if any, of the share of Common Stock (or
fraction thereof) in respect of which such share of Series C
Preferred Stock (or fraction thereof) was issued as a dividend is
cast on the Share Increase Proposal, Voting Standard Proposal,
Adjournment Proposal or such other matter, as applicable, and the
proxy or ballot with respect to shares of Common Stock held by any
holder on whose behalf such proxy or ballot is submitted will be
deemed to include all shares of Series C Preferred Stock (or
fraction thereof) held by such holder. Holders of Series C
Preferred Stock will not receive a separate ballot or proxy to cast
votes with respect to the Series C Preferred Stock on the Share
Increase Proposal, Voting Standard Proposal or Adjournment
Proposal.

The holders of Series C Preferred Stock will not be entitled to
receive dividends of any kind.

The Series C Preferred Stock will rank senior to the Common Stock
as to any distribution of assets upon a liquidation, dissolution or
winding up of the Company, whether voluntarily or involuntarily.
Upon any Dissolution, each holder of outstanding shares of Series C
Preferred Stock will be entitled to be paid out of the assets of
the Company available for distribution to stockholders, prior and
in preference to any distribution to the holders of Common Stock,
an amount in cash equal to $0.01 per outstanding share of Series C
Preferred Stock.

All shares of Series C Preferred Stock that are not present in
person or by proxy at any meeting of stockholders held to vote on
the Share Increase Proposal, Voting Standard Proposal and the
Adjournment Proposal as of immediately prior to the opening of the
polls at such meeting will automatically be redeemed in whole, but
not in part, by the Company at the Initial Redemption Time without
further action on the part of the Company or the holder of shares
of Series C Preferred Stock. Any outstanding shares of Series C
Preferred Stock that have not been redeemed pursuant to an Initial
Redemption will be redeemed in whole, but not in part, if such
redemption is ordered by the Board in its sole discretion,
automatically and effective on such time and date specified by the
Board in its sole discretion or automatically upon the approval by
the Company's stockholders of the Share Increase Proposal or Voting
Standard Proposal at any meeting of the stockholders held for the
purpose of voting on such proposal.

Each share of Series C Preferred Stock redeemed in any redemption
will be redeemed in consideration for the right to receive an
amount equal to $0.01 in cash for each ten whole shares of Series C
Preferred Stock that are "beneficially owned" by the "beneficial
owner" thereof as of immediately prior to the applicable redemption
time and redeemed pursuant to such redemption. However, the
redemption consideration in respect of the shares of Series C
Preferred Stock (or fractions thereof) redeemed in any redemption
will entitle the former beneficial owners of less than ten whole
shares of Series C Preferred Stock redeemed in any redemption to no
cash payment in respect thereof, and will, in the case of a former
beneficial owner of a number of shares of Series C Preferred Stock
(or fractions thereof) redeemed pursuant to any redemption that is
not equal to a whole number that is a multiple of ten, entitle such
beneficial owner to the same cash payment, if any, in respect of
such redemption as would have been payable in such redemption to
such beneficial owner if the number of shares (or fractions
thereof) beneficially owned by such beneficial owner and redeemed
pursuant to such redemption were rounded down to the nearest whole
number that is a multiple of ten (such, that for example, the
former beneficial owner of 25 shares of Series C Preferred Stock
redeemed pursuant to any redemption will be entitled to receive the
same cash payment in respect of such redemption as would have been
payable to the former beneficial owner of 20 shares of Series C
Preferred Stock redeemed pursuant to such redemption).

The Series C Preferred Stock is not convertible into, or
exchangeable for, shares of any other class or series of stock or
other securities of the Company. The Series C Preferred Stock has
no stated maturity and is not subject to any sinking fund.

The Certificate of Designation was filed with the Secretary of
State of the State of Delaware and became effective on May 10,
2024. A full-text copy of the Certificate of Designation is
available at https://tinyurl.com/mrx9vft3

                        About Ocugen Inc.

Malvern, Pa.-based Ocugen, Inc. is a biotechnology company focused
on discovering, developing, and commercializing novel gene and cell
therapies, biologics, and vaccines that improve health and offer
hope for patients across the globe.

As of December 31, 2023, the Company had $64.5 million in total
assets, $24 million in total liabilities, and $40.6 million in
total stockholders' equity.

Philadelphia, Pennsylvania-based Ernst & Young LLP, the Company's
auditor since 2018, issued a "going concern" qualification in its
report dated April 16, 2024, citing that the Company has suffered
recurring losses from operations and has stated that substantial
doubt exists about the Company's ability to continue as a going
concern.


OLYMPIA ACQUISITION: Ares Capital Marks $12MM Loan at 46% Off
-------------------------------------------------------------
Ares Capital Corporation has marked its $12 million loan extended
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC to market at $6.5 or 54% of the outstanding amount, as
of March 31, 2024, according to a disclosure contained in Ares
Capital's Form 10-Q for the quarterly period ended March 31, 2024,
filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC. The loan matures in February 2027.

The Loan was on non-accrual status as of December 31, 2023.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC are providers of behavioral health and special
education platform.   



OLYMPIA ACQUISITION: Ares Capital Marks $58MM 1L Loan at 46% Off
----------------------------------------------------------------
Ares Capital Corporation has marked its $58.8 million loan extended
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC to market at $31.7 million or 54% of the outstanding
amount, as of March 31, 2024, according to a disclosure contained
in Ares Capital's Form 10-Q for the quarterly period ended March
31, 2024, filed with the Securities and Exchange Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC. The loan matures in February 2027.

The Loan was on non-accrual status as of December 31, 2023.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Olympia Acquisition, Inc., Olympia TopCo, L.P., and Asclepius
Holdings LLC are providers of behavioral health and special
education platform.


OMNIQ CORP: Reports $2.10 Million Net Loss in First Quarter
-----------------------------------------------------------
OMNIQ Corp. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q disclosing a net loss of $2.10
million on $18.32 million of revenues for the three months ended
March 31, 2024, compared to a net loss of $3.51 million on $27.82
million of revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $38.86 million in total
assets, $75.39 million in total liabilities, and a total
stockholders' deficit of $36.53 million.

According to Omniq, the following are the principal conditions or
events which potentially raise substantial doubt about the
Company's ability to continue as a going concern:

   * Balancing the need for operational cash with the need to add
     additional products

   * Timely and cost-effective development of products

   * Working capital deficit of $46.4 million as of March 31, 2024

   * Accumulated deficit of $116 million as of March 31, 2024

   * Multiple years of losses from operations

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/278165/000149315224019872/form10-q.htm

                       Shareholder Update

In a separate press release, Company CEO Shai Lustgarten provided
the following update to shareholders:

"As we navigate through a transformative period at OMNIQ Corp., we
wish to update you on several critical aspects of our strategy and
operational focus.  First, we have submitted an application to list
the trading of our common stock to the OTCQX marketplace from the
current listing on the OTC PINK marketplace.  The listing of the
Company's common shares on OTCQX remains subject to the approval of
OTCQX and the satisfaction of applicable listing requirements.  The
Company meets several of the OTCQX listing requirements, and the
Company confirms that the uplisting of the Company's common stock
to the OTCQX would not change the trading symbol or cusip number.
No action by the OMNIQ stockholders is required.  OTCQX is the top
tier of three markets organized by OTC Markets Group Inc. for
trading over-the-counter securities and is designed for
established, investor-focused U.S. and international companies.  In
the event that we do not meet the OTCQX standards related to our
market cap, we intend to OTCQB.

"We view the current situation as a temporary phase in our ongoing
strategy focused on growth and profitability.  We are actively
executing our strategic plan and exploring every avenue to ensure a
swift return to a national exchange listing.  In the interim, OMNIQ
will continue trading on the OTC market and we have taken steps to
be listed on the OTCQX, the premier tier of the OTC markets,
reflecting our commitment to high standards and transparency," said
Shai Lustgarten, CEO of OMNIQ.

"Please be assured that OMNIQ remains diligent in fulfilling all
SEC requirements and filings.  Our commitment to growth is
unwavering, as evidenced by our consistent acquisition of new
customers and the expansion of our business with existing Fortune
100 customers.  We are confident in the strength of our
partnerships and our proven business model, which we believe will
drive our return to profitability and sustain our long-term
success."

"Next, we will discuss our Strategic plan for operational
efficiency.  Our management team is deeply committed to enhancing
operational efficiency.  We have implemented strategic measures
aimed at reducing costs and increasing revenues.  These initiatives
are designed to streamline our operations and optimize our resource
allocation, setting a robust path towards sustained profitability.
This includes measures such as concentrating our sales efforts
toward higher profit products, reducing operational costs without
reducing operational efficiency, expanding product lines in
large-growing markets, utilizing existing relationships and coming
out with products that add value to those customers on a
subscription basis, and more.  This plan is showing results when
looking at our Q1 financial numbers and we are expecting to see
further improvements in Q2 and beyond until we regain
profitability.

"Now, we'll talk about Fintech.  The fintech market is experiencing
rapid growth, driven by increasing demand for technology-driven
financial solutions.  This expansion presents significant
opportunities for OMNIQ, as our innovative solutions are
well-aligned with the current market needs and we believe that we
are in a good position to provide these solutions to both new and
existing customers.

"Across the industries we operate in, trends such as digital
transformation, AI integration, and automated solutions are
influencing market dynamics.  We are actively leveraging these
trends to enhance our product offerings and stay ahead in
competitive markets.  OMNIQ continues to distinguish itself from
competitors through advanced technology solutions and strategic
partnerships.  We believe that our focus on customer-centric
innovations and operational excellence positions us strongly
against competitors in all our markets.

"Finally, we are pleased to announce the appointment of a new board
member, Israel Singer who brings extensive experience and
expertise. This addition will undoubtedly strengthen our board's
strategic oversight and contribute to our overall corporate
governance.

"This quarter, omniQ has made significant strides towards financial
stability.  We've successfully streamlined operations and managed
costs effectively, leading to a noticeable decrease in losses.  Our
focused efforts are not only improving our bottom line but also
driving substantial growth in sales.  This progress is a clear
indicator of our commitment to operational excellence and value
creation for our shareholders."

                          About Omniq

omniQ Corporation develops a variety of products including data
collection systems, real-time surveillance, and monitoring tools.
These products are essential for sectors like supply chain
management, homeland security, public safety, and traffic & parking
management, helping to ensure the secure and efficient movement of
people, goods, and information through critical locations such as
airports, warehouses, and national borders.  OMNIQ serves a diverse
clientele, including government agencies and Fortune 500 companies
across industries such as manufacturing, retail, distribution,
healthcare, transportation, logistics, food and beverage, and the
oil, gas, and chemical sectors.  By integrating OMNIQ's
cutting-edge solutions, these organizations are better equipped to
manage the complexities of their industries, enhancing their
operational capabilities.

Salt Lake City, Utah-based Haynie & Company, the Company's auditor
since 2019, issued a "going concern" qualification in its report
dated April 1, 2024, citing that the Company has a deficit in
stockholders' equity, and has sustained recurring losses from
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


OPENLANE INC: Moody's Rates New CAD175MM First Lien Revolver 'Ba2'
------------------------------------------------------------------
Moody's Ratings affirmed the B1 corporate family rating and B1-PD
probability of default rating of OPENLANE, Inc., a digital
marketplace for used vehicles. Moody's downgraded the senior
secured first lien revolving credit facility to Ba2 from Ba1, and
the senior unsecured notes to B3 from B2. Moody's also assigned a
Ba2 rating to the new CAD175 million senior secured first lien
revolving credit facility. The speculative grade liquidity rating
remains SGL-1. The rating outlook remains stable.

The affirmation of the B1 corporate family rating reflects a
leading position for OPENLANE in the digital marketplace for
wholesale vehicle auctions, its supportive credit metrics including
annual free cash flow of in excess of $100 million and prudent
management of the company's floorplan funding business.

The downgrade of the senior secured first lien revolving credit
facility rating reflects the increase in the proportion of senior
secured debt in OPENLANE's capital structure following the addition
of the new CAD175 million senior secured first lien revolving
credit facility and the early retirement of a portion of the
company's senior unsecured notes in 2023. The downgrades reflect
the larger amount of senior secured debt that has a priority claim
on substantially all of the company's assets (excluding receivables
that serve as collateral for floor plan obligations). The shift in
the composition of debt increases the expected loss on the senior
unsecured notes under a reorganization scenario.

RATINGS RATIONALE

The B1 corporate family rating reflects OPENLANE's leading position
in the digital marketplace for wholesale auctions of off-lease
vehicles. Such vehicles are offered for sale by captive finance
subsidiaries of auto manufacturers, financial institutions and
fleet management companies that seek liquid and efficient channels
that enable swift vehicle dispositions. OPENLANE also intends to
grow its presence in the much larger dealer-to-dealer market that
still largely uses physical auctions for the sale and purchase of
used vehicles. The company entered this segment through
acquisitions of digital platforms, and has combined its offerings
in the US into a single platform under the OPENLANE brand, seeking
to take share from physical auctions.

Moody's expects the EBITA margin to reach nearly 22% in 2024.
Moreover, OPENLANE has only a modest amount of debt related to its
vehicle auction business while it maintains a sizeable amount of
capital at its floorplan funding business. Moody's estimates the
ratio of debt-to-equity at the floorplan funding business to be
about 2:1. Further, the securitization obligations of the floorplan
funding business are non-recqse to OPENLANE.

The stable outlook reflects Moody's expectation that auction
volumes will start to recover from the unusual conditions in the
market for used vehicles in the last three years. Constrained new
vehicle supply, along with a much lower lease penetration rate and
elevated used car prices, caused a decline in the number of
off-lease vehicles, and also affected the availability of used
cars.

Moody's expects liquidity to remain very good (SGL-1) supported by
a cash balance of at least $100 million, as well as two revolving
credit facilities with committed amounts of $325 million and CAD175
million, respectively. As of March 31, 2024, $95.5 million was
drawn under the revolving credit facilities and there were $51.2
million outstanding letters of credit. Moody's anticipates free
cash flow will approach $150 million in 2024 after $44 million of
cash dividends on OPENLANE's convertible preferred shares. The next
debt maturity is the $210 million of unsecured notes due in June
2025, excluding obligations related to OPENLANE's floorplan funding
business.

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

The ratings could be upgraded if OPENLANE successfully executes its
digital transformation strategy and sustainably establishes itself
as a leader in the digital marketplace for wholesale used vehicles,
both in the off-lease segment and the dealer-to-dealer segment,
while maintaining an EBITA margin in excess of 20%, a modest amount
of debt related to the vehicle auction business and free cash flow
of more than $125 million annually. Additional considerations
include a consistent track record of low charge-offs and ample
capital at OPENLANE's floorplan funding business.

The ratings could be downgraded if OPENLANE faces heightened
competition in the digital marketplace or other challenges in the
execution of its digital transformation strategy. EBITA margins
that fall below 17% would be evidence of such challenges. The
ratings could also be downgraded if OPENLANE adopts a more
aggressive financial policy by materially increasing the amount of
debt related to its auction business, if charge-offs deteriorate or
if the amount of capital at OPENLANE's floorplan funding business
is maintained below historical levels.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2022.

OPENLANE, Inc., headquartered in Carmel, Indiana, is a leading
provider of wholesale vehicle auctions and related vehicle
remarketing services for the automotive industry. The company
serves domestic and international buyers and sellers through
digital auction platforms, as well as 15 vehicle logistics center
locations in Canada. Revenue was $1.6 billion in the last 12 months
ended March 31, 2024.


OPTIME LLC: Court Approves Disclosures and Confirms Plan
--------------------------------------------------------
Judge Mildred Caban Flores has entered an order that the Disclosure
Statement of Optime LLC filed on April 28, 2024, is finally
approved.

The plan filed by debtor dated March 28, 2024 is confirmed.

Debtor in possession will timely comply with the requirements of
LBR 3022-1 as to the application for a final decree.

A copy of the Order dated May 1, 2024, is available at
https://tinyurl.ph/suvtW from PacerMonitor.com.

                        About Optime LLC

Optime LLC, is in the business of manufacture and sale of textile
products, specifically sports clothing and uniforms.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D.P.R.
Case No. 23-02908) on September 14, 2023, disclosing under $1
million in both assets and liabilities.

The Debtor is represented by Nilda Gonzalez Cordero, Esq., of Nilda
Gonzalez-Cordero Law Offices.


P3 PURE: Files Emergency Bid to Use Cash Collateral
---------------------------------------------------
P3 Pure LLC asks the U.S. Bankruptcy Court for the Western District
of Texas, Austin Division, for authority to use cash collateral and
provide adequate protection, for the period from May 14 to June 15,
2024.

The Debtor requires the immediate use of cash on hand and other
income generated from its commercial activities in order to
maintain the day-to-day business operations and pay vendors on a
timely basis pending confirmation of a plan.

The global COVID-19 pandemic, trademark litigation, a number of
management hurdles and pressures from Debtor’s secured lender
have necessitated the Debtor's filing for protection under
Subchapter v, of Chapter 11.

On November 3, 2020, in an effort to stabilize its business, the
Debtor obtained a high interest loan from Montgomery Capital
Partners III, LP. Under the terms of the Loan Agreement, the Debtor
received a loan in the aggregate principal Loan Amount of $900,000
at an interest rate of 16% per annum. Thereafter, on February 5th,
2021, the Loan was increased by $475,000 to $1.375 million. The MCA
Loan is secured by a blanket pledge of all of the Debtor's assets.

The interests of the secured creditor, will be protected and
enhanced by the Debtor's use of cash collateral. Use of cash
collateral will facilitate the uninterrupted operation of the
Debtor's revenue streams, which, in turn, secure MCA's claim.

The protections afforded to MCA, including, but not limited to,
replacement liens, and reporting requirement constitute adequate
protection.

A copy of the motion is available at https://urlcurt.com/u?l=8kVa8a
from PacerMonitor.com.

                         About P3 Pure LLC

P3 Pure LLC is a manufacturer of deodorants and body care
products.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. W.D. Tex. Case No. 24-10532) on May 13,
2024. In the petition signed by Amy Perez, founder/CEO, the Debtor
disclosed up to $100,000 in assets and up to $10 million in
liabilities.

Judge Shad Robinson oversees the case.

R. Adam Swick, Esq., at Akerman LLP, represents the Debtor as legal
counsel.


PARK 151 CS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Park 151 CS, LLC
        15085 South Elwood Avenue, Suite #107
        Glenpool, OK 74033

Business Description: The Debtor is the fee simple owner of a
                      real property located in Tulsa County, State
                      of Oklahoma valued at $6 million.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       Eastern District of Oklahoma

Case No.: 24-80403

Judge: Hon. Paul R Thomas

Debtor's Counsel: Scott P. Kirtley, Esq.
                  RIGGS, ABNEY, NEAL, TURPEN, ORBISON & LEWIS
                  502 West 6th Street
                  Tulsa, OK 74119-1016
                  Tel: (918) 587-3161
                  Fax: (918) 587-9708
                  Email: skirtley@riggsabney.com

Total Assets: $6,000,007

Total Liabilities: $5,315,082

The petition was signed by Timothy J. Remy as managing member.

The Debtor indicated it has no unsecured creditors.

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

https://www.pacermonitor.com/view/WRJJOHQ/Park_151_CS_LLC__okebke-24-80403__0001.0.pdf?mcid=tGE4TAMA


PARTNERS IN HOPE: Court OKs Cash Collateral Access
--------------------------------------------------
The U.S. Bankruptcy Court for the District of South Carolina
entered an order authorizing Partners In Hope, Inc., dba Inlet Oaks
and dba Oaks of Loris to use cash collateral, on an interim basis,
in accordance with the budget.

As previously reported by the Troubled Company Reporter, West Town
Bank & Trust f/k/a West Town Savings Bank filed a motion seeking to
prohibit the Debtor from using cash collateral. In the alternative,
West Town Bank requested that it be given adequate protection and
an accurate accounting of all rents received by Debtor, Capture
Cares, and any other company. From the outset, the Court notes that
US Department of Agriculture—whose claim is almost three times as
much as West Town Bank's claim—has not sought relief from stay,
requested adequate protection, or moved to prohibit use of cash
collateral.

The Debtor and West Town executed the Loan Agreement and Security
Agreement dated as of August 26, 2014, whereby Lender agreed to
loan to the Debtor $1 million to facilitate the Debtor's
improvements to an assisted living facility, and the Debtor granted
Lender a security interest, and lien upon, all assets of Debtor.

To further secure the repayment of the amounts owned to Lender in
connection with the Loris Loan Agreement, the Debtor executed a
mortgage and assignment of rents in favor of Lender, granting
Lender a lien on the Debtor's real property located at 260 Watson
Heritage Road, Loris, South Carolina and 1401 Heritage Road, Loris,
South Carolina. The mortgage was filed with the Register of Deeds
of Horry County on August 26, 2014.

The Debtor and Lender executed a Loan Agreement and Security
Agreement dated as of September 29, 2015, whereby Lender agreed to
loan to Debtor $2 million to facilitate the Debtor's improvements
to an assisted living facility, and the Debtor granted Lender a
security interest, and lien upon, all assets of the Debtor.

To further secure the repayment of the amounts owned to Lender in
connection with the Murrells Inlet Loan Agreement, the Debtor
executed a mortgage and assignment of leases and rents in favor of
Lender, granting Lender a lien on the Debtor's real property
located 12287 Hwy 707, Murrells Inlet, South Carolina.

The Debtor has not paid any amounts due under either the Loris Loan
or the Murrells Inlet Loan since December 6, 2022.

The Debtor disputed that the rents received by Capture Cares from
the tenants at the Murrells Inlet Property constitute cash
collateral. Even if the rents are cash collateral, Debtor contends
that West Town Bank is adequately protected by equity in the
Murrells Inlet Property and further asserts that a replacement lien
and adequate protection payments would serve as adequate protection
for West Town Bank's interest in the post-petition rents. The
Debtor further argues that the Cash Collateral Motion is also
premature as it has been in bankruptcy for only seven weeks—now
close to nine weeks—and Debtor should have the opportunity to
attempt to propose a feasible Plan.

Unlike the Loris Property, which is not an operating assisted
living facility, the Court is sensitive to the fact that the Inlet
Oaks facility currently has 45 live-in residents who rely on the
services provided. The patient care ombudsman's report does not
raise any current concerns regarding the safety and well-being of
the residents. The Debtor acknowledges that the path forward for
the Murrells Inlet Property is a sale of the business as a going
concern, and the Court is mindful and cognizant that the sale of
the Murrells Inlet Property in bankruptcy as a going concern may
result in a higher sale price—to the benefit of the Debtor's
creditors, including West Town Bank—than a quick sale in state
court through foreclosure.

West Town Bank argues that there is no equity cushion in the
Murrells Inlet Property offering it protection. The total amount of
the secured debt on the Murrells Inlet Property is $8.304 million.
West Town Bank presented an appraisal of the Murrells Inlet
Property, prepared by Justin Butler with Colliers, dated October
20, 2023, which determined that its "As Is Market Value” was
$1.750 million as of August 21, 2023, using the Sales Comparison
Approach. The Debtor presented an opposing appraisal from The
Lighthouse Group, LLC, which determined that the fair market value
of the Murrells Inlet Property was $11.303 million using a Cost
Approach to valuation.

The Inlet Oaks Appraisal is unsigned, undated, and indicates that
2024 Monthly projections are attached to Valuation, but none are
attached. The Debtor also introduced the valuation of the Horry
County tax assessor which reflects the property as having a taxable
value of $5.2 million and a market value of $5.885 million. As with
the valuations both parties offered into evidence for the Loris
Property, the opposing valuations provided for the Murrells Inlet
Property present similar concerns. Notably, however, the Court
finds that the Colliers valuation of the Murrells Inlet Property
presented by West Town Bank is not as reliable as Debtor's as it
does not provide a value of the business as a going concern, which
would undoubtedly result in a higher value. The Court is not
prepared to find that there is no equity cushion in the Murrells
Inlet Property to protect West Town Bank's interest. Moreover,
there is no indication that the value of the real estate is
decreasing in value. The Debtor has also indicated its willingness
to pay adequate protection starting at $5,000 per month, to be
possibly increased when Inlet Oaks, which currently houses 45
residents, reaches its capacity of 60 beds.

The Debtor is directed to provide West Town Bank & Trust f/k/a West
Town Savings Bank with an accurate accounting of all rents received
by Debtor, Capture Cares, and any other company that may be
operating at either the Loris Property or the Murrells Inlet
Property by May 20, 2024.

The court ruled that the Debtor may use cash collateral, provided
that by May 20, 2024, the Debtor will remit to West Town Bank the
amount of $5,000 as adequate protection and will pay West Town Bank
the sum of $5,000 on the 20th of every month (unless the date falls
on a weekend or holiday, in which case payment will be remitted the
following business day) beginning June 20, 2024, until further
order of the Court.

By no later than May 24, 2024, the Debtor will file a motion
seeking authority to use cash collateral and seek a timely hearing
for its approval.

A status conference on the matter is set for June 4, 2024 at 2
p.m.

A copy of the order is available at https://urlcurt.com/u?l=Q015H0
from PacerMonitor.com.

                 About Partners In Hope, Inc.

Partners In Hope, Inc. owns an assisted living facility located at
Loris Oaks, 260 Watson Heritage Rd, Loris SC 29569 valued at $12
million.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Codee (Bankr. D. S.C. Case No. 24-00935) on March 13,
2024. In the petition signed by Terry Mclean, treasurer, the Debtor
disclosed $24,501,256 in assets and $16,893,875 in liabilities.

Judge Elisabetta G.M. Gasparini oversees the case.

Jane H. Downey, Esq., at BAKER DONELSON, represents the Debtor as
legal counsel.


PATHWAY VET: Ares Capital Marks $76.3MM Loan at 15% Off
-------------------------------------------------------
Ares CapitalCorporation has marked its $76.3 million loan extended
to Pathway Vet Alliance LLC and Jedi Group Holdings LLC to market
at $64.9 million or 85% of the outstanding amount, as of March 31,
2024, according to a disclosure contained in Ares Capital's Form
10-Q for the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a Second Lien Senior Secured Loan
to Pathway Vet Alliance LLC and Jedi Group Holdings LLC. The loan
accrues interest at a rate of 13.19% (SOFR (M) +7.75%) per annum.
The loan matures in March 2028.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Headquartered in Austin, Texas, Pathway Vet Alliance, LLC is a
national veterinary hospital consolidator, offering a full range of
medical products and services, and operating over 280 general, and
emergency practice locations, 88 THRIVE Affordable Vet Care
locations, and the Management Services Organization, Veterinary
Growth Partners, which supports over 5,500 affiliated and
unaffiliated member hospitals, throughout the United Sates.



PG&E CORP: 9th Circ Asks Lower Court to Reassess Wildfire Suit Halt
-------------------------------------------------------------------
Martina Barash of Bloomberg Law reports that the Ninth Circuit
asked a lower court to reassess halting a securities suit over
wildfire readiness against PG&E Corp. officers, directors, and
underwriters during the utility's bankruptcy proceedings.

The trial court gave insufficient reasons for imposing a pause, or
stay, in claims against the approximately 40 non-debtors, the US
Court of Appeals for the Ninth Circuit said.

Morgan Stanley & Co., Citigroup Global Markets Inc., and J.P.
Morgan Securities LLC are among the underwriters in the suit, which
stems from California wildfires in 2017 and 2018.

                     About PG&E Corporation

PG&E Corporation (NYSE: PCG) -- http://www.pgecorp.com/-- is a
Fortune 200 energy-based holding company, headquartered in San
Francisco. It is the parent company of Pacific Gas and Electric
Company, an energy company that serves 16 million Californians
across a 70,000-square-mile service area in Northern and Central
California.

PG&E Corporation and its regulated utility subsidiary, Pacific Gas
and Electric Company, faced extraordinary challenges relating to a
series of catastrophic wildfires that occurred in Northern
California in 2017 and 2018. The utility faced an estimated $30
billion in potential liability damages from California's deadliest
wildfires of 2017 and 2018.

On Jan. 29, 2019, PG&E Corp. and its primary operating subsidiary,
Pacific Gas and Electric Company, filed voluntary Chapter 11
petitions (Bankr. N.D. Cal. Lead Case No. 19-30088). As of Sept.
30, 2018, the Debtors, on a consolidated basis, had reported $71.4
billion in assets on a book value basis and $51.7 billion in
liabilities on a book value basis.

Weil, Gotshal & Manges LLP and Cravath, Swaine & Moore LLP served
as PG&E's legal counsel, Lazard as its investment banker and
AlixPartners, LLP as the restructuring advisor to PG&E. Prime Clerk
LLC is the claims and noticing agent.

PG&E has appointed James A. Mesterharm, a managing director at
AlixPartners, LLP, and an authorized representative of AP Services,
LLC, to serve as Chief Restructuring Officer. In addition, PG&E
appointed John Boken also a Managing Director at AlixPartners and
an authorized representative of APS, to serve as Deputy Chief
Restructuring Officer.

Morrison & Foerster LLP served as the Debtors' special regulatory
counsel.  Munger Tolles & Olson LLP also served as special
counsel.

The Office of the U.S. Trustee appointed an official committee of
creditors on Feb. 12, 2019. The Committee retained Milbank LLP as
counsel; FTI Consulting, Inc., as financial advisor; Centerview
Partners LLC as investment banker; and Epiq Corporate
Restructuring, LLC as claims and noticing agent.

On Feb. 15, 2019, the U.S. trustee appointed an official committee
of tort claimants. The tort claimants' committee is represented by
Baker & Hostetler LLP.

                          *     *     *

PG&E Corporation and Pacific Gas and Electric Co. announced July 1,
2020, that PG&E has emerged from Chapter 11, successfully
completing its restructuring process and implementing PG&E's Plan
of Reorganization that was confirmed by the United States
Bankruptcy Court on June 20, 2020.  

For the benefit of fire victims, the Plan provided for a Fire
Victim Trust, which was funded with an oft-stated value of $13.5
billion, to be half in cash and half in new company PG&E common
stock. The $6.75 billion in cash was paid. With respect to the
stock consideration, 478 million shares of PG&E stock were
delivered to the Fire Victim Trust in accordance with an agreed-to
formula under the Plan.


PHILADELPHIA ORTHODONTICS: Case Summary & 16 Unsecured Creditors
----------------------------------------------------------------
Debtor: Philadelphia Orthodontics P.C.
        1420 Walnut Street, Suite 518
        Philadelphia, PA 19102

Business Description: The Debtor is primarily engaged in the
                      independent practice of general or
                      specialized dentistry or dental surgery.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania

Case No.: 24-11728

Judge: Hon. Patricia M. Mayer

Debtor's Counsel: Paul J. Cordaro, Esq.
                  CAMPBELL & LEVINE, LLC
                  310 Grant Street, Suite 1700
                  Pittsburgh, PA 15219
                  Tel: 412-261-0310
                  Fax: 412-261-5066
                  E-mail: pcordaro@camlev.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joshua Davis as president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 16 unsecured creditors is available for free
at PacerMonitor.com at:

https://www.pacermonitor.com/view/BVYA4MA/Philadelphia_Orthodontics_PC__paebke-24-11728__0001.0.pdf?mcid=tGE4TAMA


PLURALSIGHT INC: Ares Capital Marks $106MM Loan at 15% Off
----------------------------------------------------------
Ares Capital Corporation has marked its $106.2 million loan
extended to Pluralsight, Inc to market at $90.2 million or 85% of
the outstanding amount, as of March 31, 2024, according to a
disclosure contained in Ares Capital's Form 10-Q for the quarterly
period ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Pluralsight, Inc. The loan accrues interest at a rate of 13.47%
(SOFR (Q) +8%)per annum. The loan matures in April 2027.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Pluralsight Inc is an online education learning platform.



PREMIER HEALTHCARE: Court OKs Bid Rules for Sale of Equipment
-------------------------------------------------------------
Premier Healthcare Group, LLC received approval from the U.S.
Bankruptcy Court for the Middle District of Florida to solicit bids
for its assets.

The company is selling some of its equipment that are no longer
essential to its operations. The proceeds from the sale will be
used to, among other things, pay administrative and unsecured
claims after valid liens are either paid or accounted for.

Under the court-approved bid procedures, the deadline for
interested buyers to place their bids on the assets is on May 24,
at 4:00 p.m. Bidders are required to provide a deposit of $5,000.

In the event of a higher bid, any subsequent bid must equal or
exceed 2% of the gross sale proceeds and all subsequent higher bids
must be in increments of $5,000.  

An auction will be conducted within two business days after the bid
deadline if a higher bid is received. A sale hearing is scheduled
for May 30, at 2:30 p.m.

The closing of sale must be completed no later than 15 days after
the bankruptcy court approves the sale.

The liens of the company's lenders including U.S. Bank Equipment
Finance, Pawnee Leasing Corp., Balboa Capital Corp., Leaf Capital
Funding, LLC and Wells Fargo Bank will be transferred to the sale
proceeds "equal in dignity, priority and validity as they existed
prepetition." The sale proceeds will be deposited in an escrow
account with the company's legal counsel, subject to further court
order.

                     About Premier Healthcare

Premier Healthcare Group, LLC, a company in Tampa, Fla., sought
protection under Chapter 11 of the U.S. Bankruptcy Code (Bankr.
M.D. Fla. Case No. 24-00754) on February 14, 2024, with $500,000 to
$1 million in assets and $1 million to $10 million in liabilities.
Ruediger Mueller of TCMI, Inc. serves as Subchapter V trustee.

Judge Roberta A. Colton oversees the case.

Edward J. Peterson, Esq., at Johnson, Pope, Bokor, Ruppel & Burns,
LLP represents the Debtor as legal counsel.


PS OPERATING: Ares Capital Marks $15.8MM Loan at 31% Off
--------------------------------------------------------
Ares Capital Corporation has marked its $15.8 million loan extended
to PS Operating Company LLC and PS Op Holdings LLC to market at
$10.9 million or 69% of the outstanding amount, as of March 31,
2024, according to a disclosure contained in Ares Capital's Form
10-Q for the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.
Ares Capital is a participant in a First Lien Senior Secured Loan
to PS Operating Company LLC and PS Op Holdings LLC. The loan
matures in December 2026.

Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

PS Operating Company LLC and PS Op Holdings LLC are a Specialty
distributor and solutions provider to the swine and poultry
markets.



PS OPERATING: Ares Capital Marks $1MM Loan at 30% Off
-----------------------------------------------------
Ares Capital Corporation has marked its $1 million loan extended to
PS Operating Company LLC and PS Op Holdings LLC to market at
$700,000 or 70% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.
Ares Capital is a participant in a First Lien Secured Revolving
Loan to PS Operating Company LLC and PS Op Holdings LLC. The loan
matures in December 2026.

Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

PS Operating Company LLC and PS Op Holdings LLC are a specialty
distributor and solutions provider to the swine and poultry
markets. 



PS OPERATING: Ares Capital Marks $4.6MM Loan at 33% Off
-------------------------------------------------------
Ares Capital Corporation has marked its $4.6 million loan extended
to PS Operating Company LLC and PS Op Holdings LLC to market at
$3.1 million or 67% of the outstanding amount, as of March 31,
2024, according to a disclosure contained in Ares Capital's Form
10-Q for the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.
Ares Capital is a participant in a First Lien Secured Revolving
Loan to PS Operating Company LLC and PS Op Holdings LLC. The loan
matures in December 2026.

Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

PS Operating Company LLC and PS Op Holdings LLC are a Specialty
distributor and solutions provider to the swine and poultry
markets. 



RITE AID CORP: Closes One Quarter of Its Stores in Bankruptcy
-------------------------------------------------------------
Jonathan Randles of Bloomberg News reports that Rite Aid Corp. is
working to complete a deal with lenders to exit bankruptcy. But
even with a rescue deal in hand, the ailing pharmacy chain is
poised to to be significantly smaller.

Since filing Chapter 11 in October, Rite Aid has said it will close
more than 520 locations, according to a Bloomberg News analysis of
court records. The closures, which could increase, represent nearly
a quarter of the 2,111 stores Rite Aid operated when it entered
bankruptcy.

                      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.


ROCK CRUSHING: Seeks to Tap Baldwin McGaughey & Co. as Accountant
-----------------------------------------------------------------
Rock Crushing Solutions, Inc. seeks approval from the U.S.
Bankrutpcy Court for the Eastern District of California to hire
Baldwin, McGaughey & Co. LLP, Certified Public Accountants to
prepare and file its 2022 and 2023 tax filings.

The normal billing rate for the for tax preparation is $4,000 per
return.

Timothy McGaughey, the principal of Debtor, asserts that Baldwin,
McGaughey & Co. LLP does not hold an interest adverse to the
estate, and is a disinterested person as required by 11 USC Section
327(a).

The firm can be reached through:

     Timothy McGaughey, CPA
     Baldwin, McGaughey & Co. LLP CPAs
     737 Southpoint Blvd., Ste. K
     Petaluma, CA 94954
     Telephone: (707) 762-3517
     Facsimile: (707) 762-6366

         About Rock Crushing

Rock Crushing Solutions, Inc., offers on-site mobile rock crushing,
recycling and screening services.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. E.D. Calif. Case No. 24-21595) on April 17,
2024, with $810,796 in assets and $1,422,550 in liabilities. Jeremy
Soiland, president/CEO, signed the petition.

Judge Christopher D. Jaime presides over the case.

Michael C. Fallon, Esq. at the LAW OFFICES OF MICHAEL C. FALLON
represents the Debtor as legal counsel.


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

The ratings reflect ROCKIE's strength in cash flow profile
bolstered by over 95% of run-rate EBITDA expected from long-term
revenue assurance type contracts with credit worthy counterparties.
Credit profile of its top customers has improved, although not
substantially, over the past two years, and is expected to remain
intact, which is supportive of the credit profile. ROCKIE also
continues to steadily grow its demand-load deliveries,
demonstrating some transition towards a more demand-pull system,
which is viewed positively.

Though the company has taken measures to address the contract
cliff, Fitch estimates, that re-contracting of most of the expiring
capacity, and incremental volumes from growth project being
advanced by one of ROCKIE's owner, would only partially offset the
loss in revenue from contract maturities. This remains a concern as
it is expected to drive a modest increase in leverage and contains
some execution risks.

The Stable Outlook reflects Fitch's expectations of strong
fundamentals underlying ROCKIE's business.

KEY RATING DRIVERS

Robust Cashflow Characteristics: ROCKIE is expected to generate
nearly 100% of its run-rate EBITDA under fee-based contracts
including 95% or more from long-term revenue assurance type
take-or-pay contracts. The fee-based revenue assurance type
contracts protect against volatility in commodity prices and
volumetric risks, providing greater stability and visibility of
future cash flows. The pipeline's most lucrative section is zone 3,
which carries natural gas from the Appalachia basin in the east to
Mississippi river, in the west.

Zone 3 is almost fully contracted and typically runs at a high
utilization rate averaging around 90% daily, and often reaching
100% utilization during peak delivery days. ROCKIE continues to add
incremental contracts on this section, and modestly expanding
compression capacity, illustrating the demand for this section of
the pipeline. ROCKIE's other two zones are also fairly contracted
and utilized.

Contract Cliff Somewhat Addressed: ROCKIE's most remunerative
contract along with some other small contracts expires in mid-2024,
creating a cliff. The company's management has taken steps to
address the cliff by adding new contracts, extending existing
contracts, and identifying growth opportunities to add incremental
volumes. Fitch expects ROCKIE to be able to re-contract most of the
expiring capacity, albeit at rates consistent with recent contract
wins, which is significantly lower than the rate on its current
most remunerative contract.

Though ROCKIE is expected to recontract most of the expiring
capacity, due to contract rates being significantly lower, it will
only be able to partially offset the loss in revenue as a result of
contract maturities. Hence, leverage at ROCKIE is expected to
modestly increase over Fitch's forecast period, and range
approximately in the low 4.0x-4.5x, which is strongly positioned
within the rating category.

Growth Project Advanced: ROCKIE's owner Tallgrass Energy Partners,
LP (Tallgrass; BB-/Stable), continues to achieve incremental
milestones on its previously announced Trailblazer CO2 Conversion
Project (TPCO2) in 2023. As a part of this project, ROCKIE will be
connected to the Trailblazer pipeline owned by Tallgrass via two
short laterals, to allow moving natural gas from Trailblazer onto
ROCKIE under a long-term capacity lease agreement, and facilitate
conversion work on Trailblazer.

The capital expenditure for connecting ROCKIE to Trailblazer will
be fully funded by Tallgrass, in exchange for preferred
distributions from the cash flows ROCKIE generates from this
project. The construction work on connecting the two pipelines is
progressing ahead of schedule and under budget, with natural gas
volumes expected to move onto ROCKIE as early as mid-2024.

Customer Credit Profile Intact: The credit profiles of the majority
of ROCKIE's customers has largely remained intact in the past year,
notwithstanding improvements in some. The weighted average (by
volume) senior unsecured rating of the company's top four customers
remained intact at approximately 'BB'. Most of ROCKIE's customers
continue to be on a stable outlook, with some even on a positive
outlook. Hence, Fitch expects credit quality of ROCKIE's top
customers to remain intact at least in the near-term.

Demand Deliveries Steadily Growing: ROCKIE continues to add demand
connections to LDC/Utility customers like power generation, and
industrial/commercial companies. These customers are generally
considered "sticky", credit worthy, and have a stable demand, often
regarded as demand-pull counterparties. "Demand-pull" system is
driven by customers focused on service reliability with consistent
natural gas needs. ROCKIE's demand load deliveries increased to 19%
of total deliveries in 1Q24 from 12% in 1Q23, demonstrating a
continued transition to a more demand-pull model. Fitch expects the
company to continue modestly growing its demand connections.

Relationship with Owners: ROCKIE is currently jointly-owned by
Tallgrass and Phillips66, and though the former owns the majority
at 75% of the company, its owners exist in a classic joint venture
relationship, i.e., all major decisions need to be unanimous
between the two owners. Hence, Fitch does not view a single owner
to have significant control over ROCKIE, and therefore the
company's ratings are not explicitly linked to its owners.
Tallgrass has indicated that it would like ROCKIE to have an
investment grade like credit profile, hence, a large debt-funded
dividend from ROCKIE to its owners is unlikely, which is viewed
positively for ROCKIE's credit profile.

DERIVATION SUMMARY

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

Approximately 25% of SUN's volume (expected to modestly increase)
is taken by a subsidiary of 7-Eleven, Inc. under a long-term
take-or-pay contract with roughly nine years of remaining life. In
addition, SUN's resilient business has helped it generate stable
cash flows. SUN's leverage is expected to be somewhat elevated as
it completes its acquisition of NuStar Energy, L.P. (NuStar;
BB/RWP), but is expected to return back to approximately 4.0x
within two-year of transaction closing. Fitch expects ROCKIE's
leverage to be approximately in the low 4.0x-4.5x range over the
forecast period.

ROCKIE has higher contract coverage generating more cash flows
under long-term contracts compared to SUN, and both the companies
have comparable leverage profile. However, SUN is expected to have
greater operational scale and business line diversity post NuStar
acquisition, offsetting higher contract coverage at ROCKIE, and
leading to similar IDRs.

KEY ASSUMPTIONS

- Fitch's oil and gas price deck;

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

- Natural gas volumes from the Trailblazer pipeline flows onto
ROCKIE under a long-term lease agreement, as part of Tallgrass's
Trailblazer CO2 conversion project;

- Capital expenditure consistent with historical range including
minimal maintenance and growth capital (excl. capital required to
connect ROCKIE and Trailblazer, which is expected to be fully
funded by Tallgrass);

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

- Base interest rate for the credit facility reflects the Fitch
Global Economic Outlook, e.g., 4.75% for 2024 and 3.5% for 2025.

RATING SENSITIVITIES

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

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

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

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

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

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

LIQUIDITY AND DEBT STRUCTURE

Adequate Liquidity: ROCKIE had a total liquidity of approximately
$219 million as of March 31, 2024. The company had around $49
million of cash on its balance sheet and full availability under
its $170 million senior unsecured revolving credit facility. The
credit agreement contains a sublimit of up to $75 million for
letters of credit, and an uncommitted accordion feature of $30
million. The revolver matures on July 31, 2028. ROCKIE, on July 31,
2023, extended the maturity on its revolver, increased the
commitment size by $20 million, and reduced the uncommitted
accordion by $20 million.

The covenants on the credit agreement requires ROCKIE to maintain a
leverage of not more than 5.0x, temporarily increasing to 5.5x
following certain material acquisitions. As of the latest quarter,
ROCKIE was compliant with the covenants on the credit facility and
Fitch expects the company to remain in compliance with the
covenants over the forecast period. ROCKIE's next debt maturity is
the $400 million 3.6% senior unsecured notes due May 15, 2025,
which Fitch expects the company will refinance proactively, albeit,
at a higher coupon rate.

Fitch projects ROCKIE's free cash flow net of dividends will be a
modest amount, notwithstanding the company's flexible dividend
amount policy. While Fitch does not expect ROCKIE to utilize a
material portion of the revolver, Fitch does acknowledge that
east-bound service opportunity into the west could catalyze a
sudden capex need, which might require revolver draws.

ISSUER PROFILE

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

SUMMARY OF FINANCIAL ADJUSTMENTS

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

For the Ovintiv contract, in the early years, more revenue was
booked than cash was received. Now, and in the future till the
contract expires, more cash is received than revenue is booked.
Whereas, with the EQT contract its vice-versa where currently more
revenue is booked than cash received and from 2025 onwards more
cash will be received than revenue booked. Accordingly, Fitch
adjusted the EBITDA in the time periods 2022-2027 inclusive of the
difference between cash and revenue in these contracts.

ESG CONSIDERATIONS

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

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

   senior unsecured   LT     BB+  Affirmed   RR4      BB+


RWC GROUP: Seeks $1MM DIP Loan From Edge Group
----------------------------------------------
RWC Group, LLC asks the U.S. Bankruptcy Court for the Fort
Lauderdale Division, for authority to use cash collateral and
obtain postpetition financing in the amount of $1 million from Edge
Group Chicago LLC.

$350,000 will be made available upon the entry of the interim
order.

The DIP facility will accrue interest at 6% per annum and mature on
the earlier of February 1, 2025, the Effective Date of a confirmed
plan, the closing date of a section 363 sale, conversion or
dismissal of the case, or the appointment of a chapter 11 trustee.


The DIP facility will be used to fund working capital to restart
the Debtor's business and general corporate requirements of the
Debtors and bankruptcy related expenses, in accordance with the
Budget.

The parties that assert an interest in the Debtor's cash collateral
are the U.S. Small Business Administration, Oxford Commercial
Finance, Alcohol and Tobacco Tax and Trade Bureau, Sports South
LLC, and Edge Group.

Prior to 2014, the Debtor operated as the American distributor for
Kalashnikov Concern. KC is a Russian arms manufacturer who makes,
among others, the AK-47. Following Russia's invasion of Crimea in
2014, the U.S. issued sanctions against the import of KC's
products.

As a result of the sanctions, the supply of new Kalashnikov-style
weapons disappeared from the U.S.. The ensuing scarcity drove
demand as consumers raced to purchase the available stock. Prices
skyrocketed. The Debtor recognized the opportunity to fill the gap
in supply and transitioned from distributor to manufacturer. The
Debtor has no ownership connection to KC and manufactures its guns
at a facility in Pompano Beach, FL. Accordingly, the Debtor became
the sole entity able to sell new Kalashnikov-style weapons in the
U.S.

The Debtor encountered many potholes on the road from distributor
to manufacturer. Debt built up. When the COVID-19 pandemic hit in
2020, American demand for firearms skyrocketed to the tune of a
roughly 65% increase in gun sales compared to 2019. The Debtor
ramped up operations to meet this unprecedented demand. However,
demand waned with the pandemic. In 2022, Americans purchased
roughly 22% fewer guns than in 2020. The Debtor had incurred
significant debt in its efforts to transition and ramp up
manufacturing. The weakened demand subsequently caused the Debtor
to become unable to meets its legacy debt obligations.

As a result, the Debtor temporarily shut down operations on April
19, 2024, because the Debtor had no cash on hand. The Debtor filed
the bankruptcy to restart its business and preserve American
manufacturing jobs without the burden of all of its legacy debt.
The proposed post-petition financing will provide working capital
for the Debtor to resume the manufacture and distribution of its
products. RWC currently holds inventory with a book value of
roughly $7.5 million. However, most of that inventory consists of
parts. To assemble those parts into firearms requires intellectual
property rights which the Debtor does not own.

The Debtor is a Pennsylvania limited liability corporation. Two
parties have filed UCC-1 financing statements in Pennsylvania. One
UCC-1 identifies Sussex IM, Inc. as the secured party as to a
specific piece of equipment. Accordingly, Sussex IM, Inc.
potentially holds a security interest in a piece of equipment and
does not have a security interest in the Debtor's cash collateral.


The other UCC-1 identifies "Corporation Service Company, as
Representative" as the secured party. Accordingly, the Debtor
cannot conclude who may hold a perfected security interest.

Oxford Commercial Finance will likely assert a secured claim for
roughly $1.8 million secured by all of the Debtor's assets. In June
2023, the Debtor obtained a revolving credit facility from Oxford
and gave to Oxford a blanket security interest.

The U.S. Small Business Administration will likely assert a secured
claim for roughly $500,000 as a result of a loan from August 2023.
As part of that agreement, the Debtor granted the SBA a security
interest in all of the Debtor’s assets.

Sports South LLC filed a UCC-1 financing statement in Florida on
March 12, 2024 identifying as collateral the Debtor's inventory,
equipment, and vehicles. Sports South is a customer of the Debtor
who placed an order for about $8,700 in December 2023.

The Debtor is investigation why Sports South filed a financing
statement. In any event, Sports South likely does not hold a
perfected security interest because it filed its financing
statement in the wrong jurisdiction. Alternatively, the Debtor may
seek to avoid the perfection of Sports South's security interest as
a preferential transfer pursuant to 11 U.S.C. section 548.

The Alcohol and Tobacco Tax and Trade Bureau will likely assert a
secured claim for roughly $2.1 million. The TTB is the federal
agency responsible for collecting taxes on the trade and import of
firearms. On May 7, 2024, the TTB recorded a lien in the public
records of Broward County against all of the Debtor's assets. To
the extent that TTB holds a perfected lien, that lien is likely
void as a violation of the automatic stay or avoidable as an
unauthorized post-petition transfer.

Broward County filed Proof of Claim #1-1 for a secured claim in the
amount of $10,068 for a 2024 tangible property tax on account of
and secured by certain of the Debtor's property. That property does
not include the Debtor's inventory. Broward County holds a
perfected first-priority lien pursuant to Section 197.122, Florida
Statutes.

Edge loaded the Debtor $60,000 on the eve of filing to pay for the
Debtor's counsel. In exchange for the loan, the Debtor granted Edge
a blanket lien on all of its assets as collateral for the loan.
Edge did not file a UCC-1 financing statement to perfect its lien.


As adequate protection, the Debtor will grant its potentially
secured lenders replacement liens of the same extent, validity, and
priority as their prepetition security interests. To the extent the
cash collateral declines in value, those parties will receive a
super-priority administrative claim equal to the amount of the
diminution. However, any replacement lien or administrative claim
will be subordinate to any amounts due to the Clerk of Court, U.S.
Trustee fees, and the Debtor's or any committee's professional fees
allowed under 11 U.S.C. section 503. No party will receive adequate
protection payments.

                      About RWC Group, LLC

RWC Group, LLC is a manufacturer of a wide variety of semi-auto AK
pattern rifles, shotguns and pistols for the US and international
civilian marketplaces, as well as military and law enforcement
agencies.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D. Fla. Case No. 24-14464) on May 6,
2024. In the petition signed by Michael Tiraturian, manager, the
Debtor disclosed up to $10 million in both assets and liabilities.

Judge Scott M. Grossman oversees the case.

Bradley S. Shraiberg, Esq., at Shraiberg Page PA, represents the
Debtor as legal counsel.


RX DISCOUNT PHARMACY: Hits Chapter 11 Bankruptcy Protection
-----------------------------------------------------------
Kirk O'Neil of The Street reports that Eastern Kentucky drugstore
chain Rx Discount Pharmacy on May 1 filed for Chapter 11 bankruptcy
reorganization in the U.S. Bankruptcy Court for the Eastern
District of Kentucky in London.  The Debtor did not specify a
reason for filing bankruptcy in its petition.

The Hazard, Ky.-based pharmacy chain listed up to $50,000 in assets
and $1 million to $10 million in liabilities in its petition. The
debtor's largest unsecured creditors include the U.S. Small
Business Administration owed $500,000, Cardinal Health 110 LLC owed
$485,000, QFS Capital owed $180,000 and Peoples Bank & Trust  Co.
owed $174,777.

Rx Discount Pharmacy opened its first location in Hazard in 1995
and added another six businesses. In addition to the flagship
pharmacy, the debtor's other drugstore locations include Clay
Discount Pharmacy in Manchester, Ky., and Rx Discount Pharmacy No.
18 in McKee, Ky.

The debtor also operates medical supply stores, including Quality
Care Medical Equipment & Scrubs in Hazard, Scrub World in
Lexington, Ky., Casey's Sundries & More in West Liberty, Ky., and
Credential, Insurance & Contract Specialist in Hazard.

The pharmacies offer over-the-counter medications and convenience
items at value prices, vaccinations, compound medications, medical
equipment, home delivery and curbside pickup.

                  About RX Discount Pharmacy Inc.

RX Discount Pharmacy Inc. is an Community/Retail Pharmacy based out
of Mckee, Kentucky.

RX Discount Pharmacy Inc. sought relief under Subchapter V of
Chapter 11 of the U.S. Bankruptcy Code (Bankr. E.D. Ky. Case No.
Case No. 24-60405) on May 1, 2024. In the petition signed by
Richard K. Slone, as president, the Debtor reports estimated assets
up to $50,000 and estimated liabilities between $1 million and $10
million.

The Debtor is represented by:

     Dean A. Langdon, Esq.
     DelCotto Law Group PLLC
     P O Box 1569
     Hazard, KY 41702


SCHULTE INC: Wins Cash Collateral Access Thru July 31
-----------------------------------------------------
The U.S. Bankruptcy Court District of New Hampshire authorized
Schulte Inc. to use cash collateral on an interim basis, in
accordance with the budget, through July 31, 2024.

The Debtor is permitted to use cash collateral to pay the costs and
expenses incurred by the Debtor in the ordinary course of business,
up to $80,760.

As adequate protection against any loss or diminution in the value
of such Lienholder's interest in the Debtor's interest in cash
collateral, the Debtor will continue to make the monthly payments
in the amount of $363 that become due to the U.S. Small Business
Administration under the loan documents entered into by and among
SBA, the Debtor and others in connection with the loan that gave
rise to the Record Lien evidenced by a Financing Statement filed by
SBA during the Use Term.

Each Record Lienholder is granted replacement liens on the property
of the estate of the same kinds, types and descriptions as the
property of the Debtor held as collateral on the Petition Date
pursuant to valid, enforceable and perfected liens on the Petition
Date, which will have and enjoy the same degree of perfection,
preference and priority as such liens enjoyed under applicable
state law on the Petition Date subject to the further terms of the
Order.

The Replacement Liens granted will continue to be and be deemed to
be valid and perfected notwithstanding any requirements of
non-bankruptcy law with respect to perfection and will maintain the
same priority, validity and enforceability as the liens held by
each Record Lienholder on the Petition Date.

A final hearing on the matter is set for July 17 at 11 a.m.

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

The Debtor projects total cash out, on a monthly basis, as
follows:

     $12,703 for May 18 to 31, 2024;
     $34,028 for June 2024, and
     $34,028 for July 2024.

                       About Schulte Inc.

Schulte Inc. filed its voluntary Chapter 11 petition (Bankr. D.N.H.
Case No. 24-10225) on Apr. 8, 2024, with up $10 million in both
assets and liabilities.

Judge Bruce A. Harwood oversees the case.

William S. Gannon, PLLC serves as the Debtor's counsel.


SHO HOLDING I: Ares Capital Marks $11.9MM Loan at 30% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $11.9 million loan extended
to SHO Holding I Corporation, Shoes ForCrews (Europe) Limited and
Never Slip TopCo, Inc. to market at $8.3 million or 70% of the
outstanding amount, as of March 31, 2024, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to SHO Holding I Corporation, Shoes For Crews (Europe) Limited and
Never Slip TopCo, Inc. The loan was scheduled to mature last April
2024.

The Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300
 
                    About Shoes for Crews

Headquartered in Boca Raton, Florida, SHO Holding I Corporation,
which does business as "Shoes for Crews" --
https://www.shoesforcrews.com/ -- designs, markets and manufactures
slip resistant footwear and other safety products in the US and
certain European countries. Shoes for Crews was founded in 1984 as
a solution to the prevalence of slip and fall injuries in the
workplace.  The company owns proprietary brands like Shoes For
Crews, Ace Work Boots, Mozo and Lila and also partners with top
footwear brands that feature its slip-resistant outsole technology,
such as New Balance, Dockers, Dansko, DeWalt, Cole Haan, Puma and
Carolina Boots. The company had been majority owned by private
equity firm CCMP Capital Advisors, LLC since 2015.  SHO Holding I
Corp operates as a holding company.

Shoes For Crews and its affiliates sought Chapter 11 protection on
April 1, 2024.  The lead case is In re Never Slip TopCo, Inc.
(Bankr. D. Del. Lead Case No. 24-10664).

In the petition signed by Christopher Simm, chief financial
officer, Never Slip Holdings disclosed up to $500 million in assets
and up to $1 billion in liabilities.

The company has retained Ropes & Gray LLP and Chipman Brown Cicero
& Cole, LLP as legal advisors, Berkeley Research Group, LLC, as
financial advisor, Solomon Partners Securities, LLC as investment
banker and C Street Advisory Group as strategic communications
advisor.  Omni Agent Solutions is the claims agent.


SHO HOLDING I: Ares Capital Marks $19.7MM Loan at 30% Off
---------------------------------------------------------
Ares Capital Corporation has marked its $19.7 million loan extended
to SHO Holding I Corporation, Shoes ForCrews (Europe) Limited and
Never Slip TopCo, Inc to market at $13.8 million or 70% of the
outstanding amount, as of March 31, 2024, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to SHO Holding I Corporation, Shoes For Crews (Europe) Limited and
Never Slip TopCo, Inc. The loan was scheduled to mature in April
2024.

The Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

                    About Shoes for Crews

Headquartered in Boca Raton, Florida, SHO Holding I Corporation,
which does business as "Shoes for Crews" --
https://www.shoesforcrews.com/ -- designs, markets and manufactures
slip resistant footwear and other safety products in the US and
certain European countries. Shoes for Crews was founded in 1984 as
a solution to the prevalence of slip and fall injuries in the
workplace.  The company owns proprietary brands like Shoes For
Crews, Ace Work Boots, Mozo and Lila and also partners with top
footwear brands that feature its slip-resistant outsole technology,
such as New Balance, Dockers, Dansko, DeWalt, Cole Haan, Puma and
Carolina Boots. The company had been majority owned by private
equity firm CCMP Capital Advisors, LLC since 2015.  SHO Holding I
Corp operates as a holding company.

Shoes For Crews and its affiliates sought Chapter 11 protection on
April 1, 2024.  The lead case is In re Never Slip TopCo, Inc.
(Bankr. D. Del. Lead Case No. 24-10664).

In the petition signed by Christopher Simm, chief financial
officer, Never Slip Holdings disclosed up to $500 million in assets
and up to $1 billion in liabilities.

The company has retained Ropes & Gray LLP and Chipman Brown Cicero
& Cole, LLP as legal advisors, Berkeley Research Group, LLC, as
financial advisor, Solomon Partners Securities, LLC as investment
banker and C Street Advisory Group as strategic communications
advisor.  Omni Agent Solutions is the claims agent.


SIR TAJ: Has Deal on Cash Collateral Access
-------------------------------------------
Wells Fargo Bank, National Association, as Trustee, on Behalf of
the Registered Holders of CSAIL 2018-CX11 Commercial Mortgage
Trust, Commercial Mortgage Pass-Through Certificates, Series
2018-CX11 and John P. Pringle, as Chapter 11 Trustee for debtor Sir
Taj, LLC advised the U.S. Bankruptcy Court for the Central District
of California, Los Angeles Division, that they have reached an
agreement regarding the Debtor's use of cash collateral and now
desire to memorialize the terms of this agreement into an agreed
order.

On February 22, 2018, Natixis, New York Branch, a direct branch of
Natixis S.A., a societe anonyme a conseil d’administration
(public limited company) organized and existing under the laws of
France made a $7.575 million loan to Borrower. The Loan is evidence
by, among other instruments: (i) a Loan Agreement dated as of
February 22, 2018, between Borrower and Original Lender, and (ii) a
Promissory Note dated February 22, 2018, executed by Debtor in
favor of Original Lender in the original principal sum of $7.575
million.

The Loan is secured by, among other things, a Deed of Trust,
Assignment of Leases and Rents, Security Agreement and Fixture
Filing dated as of February 22, 2018, and recorded on February 26,
2018, in the official records of Los Angeles County, California as
Document No. 20180184186, with respect to a hotel property located
at 120 South Reeves Drive, Beverly Hills, California 90212.

Effective as of February 26, 2018, Original Lender assigned the
Loan Documents to Natixis Real Estate Capital, LLC pursuant to the
Assignment of Deed of Trust, Assignment of Leases and Rents,
Security Agreement and Fixture Filing, recorded in the Official
Records on March 9, 2016, as Document No. 20180230065. In addition,
Debtor endorsed the Note in favor of NREC pursuant to the certain
Allonge.

Effective as of April 18, 2018, NREC assigned the Loan Documents to
Secured Creditor pursuant to that certain Assignment of Deed of
Trust, Assignment of Leases and Rents, Security Agreement and
Fixture Filing, recorded in the Official Records on May 11, 2018,
as Document No. 20180468350. In addition, NREC endorsed the Note in
favor of Secured Creditor pursuant to that certain Allonge.
Accordingly, Secured Creditor is now the holder of the Note,
beneficiary under the Deed of Trust and secured party and/or
assignee under all of the other Loan Documents.

The parties agreed that the Trustee may use cash collateral until
the earlier of July 31, 2024, or entry of an order lifting the
automatic stay with respect to Secured Creditor or dismissing this
case, or until termination.

Trustee will remit to Secured Creditor monthly interest payments at
the non-default rate of interest as set forth in the Loan Documents
no later than the 15th day of each month.

As adequate protection, the Secured Creditor will be granted a
replacement lien in the Debtor's assets generated postpetition of
the same type and class that comprise Secured Creditor's
prepetition collateral to the extent necessary to prevent
diminution in Secured Creditor's prepetition collateral securing
the Loan resulting from use of Secured Creditor's prepetition
collateral.

To the extent that the Replacement Lien is determined by the
Bankruptcy Court to be inadequate to provide adequate protection to
Secured Creditor, Secured Creditor will have a super-priority claim
pursuant to 11 U.S.C. Section 507(b).

The Replacement Lien and security interest granted are valid,
enforceable and fully perfected, and no filing or recordation or
any other act in accordance with any applicable local, state or
federal law is necessary to create or perfect such lien and
security interest; provided, however, that upon request of Secured
Creditor, Trustee will execute such security and perfection
documentation as may be reasonably required to create or perfect
such liens under applicable nonbankruptcy law.

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

              About Sir Taj LLC

Sir Taj, LLC in Beverly Hills CA, filed its voluntary petition for
Chapter 11 protection (Bankr. C.D. Cal. Case No. 24-10874) on Feb.
6, 2024, listing $10 million to $50 million in assets and $500,000
to $1 million in liabilities. Sergey Vershinin as manager, signed
the petition.

LAW OFFICES OF MICHAEL D. KWASIGROCH serve as the Debtor's legal
counsel.


SMARTROOMZ HOLDING: Hires Giddens Mitchell & Associates as Counsel
------------------------------------------------------------------
Smartroomz Holding, LLC seeks approval from the U.S. Bankruptcy
Court for the Northern District of Georgia to hire Giddens,
Mitchell & Associates P.C. as counsel.

The firm will render these legal services:

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

     (b) prepare legal papers; and

     (c) perform all other legal services necessary to administer
the Debtor's Chapter 11 case.

The firm will be paid at these rates:

     Kenneth Mitchell, Sr. Attorney    $350 per hour
     Bobby L Giddens, Attorney         $350 per hour
     Kenneth Mitchell, Jr. Attorney    $350 per hour
     Alyceson Sadler, Paralegal        $75 per hour
     Alicia Dennis, Paralegal          $75 per hour

The firm will also seek reimbursement for out-of-pocket expenses
incurred.

The Debtor paid the firm $5,000 for pre-petition fees and $1,738
for the filing fee.

Kenneth Mitchell, Esq., an attorney at Giddens, Mitchell &
Associates, disclosed in a court filing that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Kenneth Mitchell, Esq.
     Giddens, Mitchell & Associates PC
     3951 Snapfinger Parkway, Suite 555
     Decatur, GA 30035
     Tel: (770) 987-7007
     Email: Gmapclawl@gmail.com

                 About Smartroomz Holding, LLC

Smartroomz Holding, LLC sought protection for relief under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Ga. Case No. 24-54562) on
May 6, 2024, listing up to $50,000 in assets and $100,001 to
$500,000 in liabilities. Kenneth Mitchell, Esq. at Giddens,
Mitchell & Associates, P.C. represents the Debtor as counsel.


SOTERA HEALTH: Moody's Rates New $1.5BB First Lien Term Loan 'B1'
-----------------------------------------------------------------
Moody's Ratings assigned a B1 rating to Sotera Health Holdings,
LLC's proposed $1.5 billion senior secured first lien term loan due
2031. Sortera Health intends to use net proceeds from this
transaction to partially pay down the borrowings under its existing
senior secured first lien term loan due 2026 and to cover related
transaction expenses.

To the extent that new term loan proceeds are used to repay
existing term loan, the transaction is leverage neutral and will
extend Sotera Health's debt maturities. There is no change to the
company's B1 Corporate Family Rating, B1-PD Probability of Default
Rating and the B1 rating of the existing senior secured first lien
bank credit facility as a result of this transaction. The outlook
remains unchanged at stable and the company's Speculative Grade
Liquidity (SGL) rating is unchanged at SGL-1.

RATINGS RATIONALE

Sotera Health's B1 CFR benefits from its leading position in the
contract sterilization outsourcing market, no meaningful customer
concentrations, a global footprint and significant barriers to
entry and meaningful customer switching costs. The company's rating
also reflects solid business performance, consistent positive free
cash flow (after excluding litigation-related payments), moderately
high financial leverage and very good liquidity.

The B1 CFR is constrained by moderately high leverage, exposure to
the litigation risks associated with the device sterilization
industry, and the significant environmental risks arising from the
handling of toxic gases in its manufacturing process. The company
is reducing its reliance on device sterilization through gradual
expansion into new categories such as the lab services sector.
Sotera Health also has a concentrated supply chain with limited
providers of key chemicals. Moody's estimates that the company's
financial leverage was approximately 5.0 times at the end of March
31, 2024, and it will operate with deb/EBITDA in the 4.5-5.5 times
range in the next 12-18 months.

The outlook is stable. Moody's expects Sotera Health to continue to
grow its business while managing its exposure to litigation risks
in the next 12-18 months.

Sotera Health's revolving credit facility and term loans are all
rated B1, at the same level as the company's Corporate Family
Rating. The revolving credit facility and term loans represent
substantially all of company's debt, and these debt instruments are
pari passu with each other.

Sotera Health's CIS-4 credit impact score indicates that the rating
is lower than it would have been if ESG risk exposures did not
exist. The company's E-4 score reflects elevated risks related to
waste and pollution. Sterigenics, a core operating subsidiary of
Sotera Health, uses radioactive materials and highly toxic
chemicals to sterilize certain types of medical devices. Sotera
Health's S-5 score represents social risk exposures mainly stemming
from responsible production. The company is subject to personal
injury and related tort lawsuits alleging various injuries caused
by low-level environmental exposure to ethylene oxide emissions
from its sterilization facilities. The company's G-3 score reflects
a combination of reasonable management credibility and track
record, a clearly articulated leverage target, but tempered by
concentrated ownership and board structure considerations.

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

Factors that could lead to a downgrade include negative
developments with the company's legal exposure. The rating could
also be downgraded if the company's liquidity weakens, financial
policies become more aggressive or if legal and environmental risks
increase substantially. Quantitively, ratings could be downgraded
if debt/EBITDA is sustained above 5.5 times.

Factors that could lead to an upgrade include balanced financial
policies and continued growth in business scale and revenues,
well-contained costs related to environmental and litigation risks,
and clarity on likely outcomes for the pending lawsuits.
Quantitatively, ratings could be upgraded if debt/EBITDA is
sustained below 4.5 times.

Sotera Health Holdings, LLC, headquartered near Cleveland, OH, is a
global provider of mission-critical end-to-end sterilization
solutions, lab testing and advisory services for the healthcare
industry with operations primarily in the Americas, Europe and
Asia. The company generated approximately $1.1 billion in revenues
in the twelve months that ended on March 31, 2024. The parent
company of Sotera Health Holdings, LLC -- Sotera Health Company --
is a publicly traded company. However private equity firms --
Warburg Pincus International LLC and GTCR LLC -- continue to hold
approximately 62% of the outstanding shares.

The principal methodology used in this rating was Business and
Consumer Services published in November 2021.


SOTERA HEALTH: S&P Rates New $750MM Senior Secured Notes 'BB-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to Sotera Health Holdings LLC's proposed $750
million senior secured notes maturing 2031, issued as part of a
leverage-neutral refinancing. The '3' recovery rating indicates its
expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery in the event of a payment default.

S&P said, "Earlier this month, the company announced the planned
issuance of a $1.5 billion term loan to refinance the other secured
debt outstanding. We expect these transactions will result in a
modest increase in annual interest expense of about $10 million,
subject to final pricing. Despite the potential increase in
interest expense, we view the refinancing favorably because it
extends all debt maturities materially beyond the existing
maturities in 2026.

"Our 'BB-' issuer credit rating and stable outlook on Sotera are
unchanged. This reflects trailing-12-month leverage of 4.7x; our
expectation that Sotera's leverage will generally remain below 5x;
that balance sheet cash will be sufficient to cover remaining
litigation; and that the company will continue to generate
mid-single-digit percent revenue growth, maintain strong EBITDA
margins (above 40%), and generate significant free cash flow
(excluding litigation settlements)."

ISSUE RATINGS--RECOVERY ANALYSIS

Key analytical factors:

-- The company's proposed capital structure comprises a $423.8
million revolving credit facility maturing in 2029, a $1.5 billion
first-lien term loan maturing in 2031, and $750 million senior
secured notes maturing in 2031.

-- S&P's simulated default scenario contemplates a default
occurring in 2028 due to a combination of operational, logistical,
legal, or environmental regulatory challenges.

-- S&P's default scenario assumes EBITDA declines significantly
and is insufficient to cover the company's fixed charges (such as
interest, maintenance capital expenditures, and debt
amortization).

-- If, though unexpected, a default were to occur as a result of a
significant increase in litigation liabilities, S&P'd expect those
liabilities to likely be unsecured claims, which might then result
in higher recovery prospects for secured lenders.

-- S&P values the company on a going-concern basis using a 5.5x
multiple of our projected emergence EBITDA, which is consistent
with the multiple we use in evaluating recovery prospects for
peers.

-- In S&P's hypothetical default scenario, it assumes the
revolving credit facility is 85% drawn and a modest increase in
borrowing costs following covenant violations.

Simulated default assumptions:

-- Simulated year of default: 2028
-- EBITDA at emergence: $292 million
-- EBITDA multiple: 5.5x

Simplified waterfall:

-- Net enterprise value (after 5% administrative costs): $1.53
billion

-- Valuation split (obligors/nonobligors): 60%/40%

-- First-lien debt (collateral): $2.64 billion

    --Recovery expectations: 50%-70% (rounded estimate: 55%)

All debt amounts include six months' prepetition interest.
Collateral value equals asset pledges from obligors after priority
claims plus equity pledges from nonobligors after nonobligor debt.



SPX FLOW: S&P Upgrades ICR to 'B' on Continued Deleveraging
-----------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on SPX Flow Inc.
to 'B' from 'B-'.

S&P said, "Additionally, we raised our issue-level rating on the
company's first-lien credit facilities to 'B' from 'B-' and our
issue-level rating on its senior unsecured notes to 'B-' from
'CCC+'. The recovery ratings remain '3' and '5', respectively.

"At the same time, we assigned our 'B' issue-level and '3' recovery
rating to the company's proposed repriced first-lien term loan. We
plan to withdraw the ratings on the existing first-lien term loan
when the repricing transaction closes.

"The stable outlook on SPX Flow reflects our expectation that
modest organic revenue growth and improving EBITDA margins will
maintain S&P Global Ratings-adjusted leverage comfortably below
6.5x during the next 12 months."

SPX Flow's leverage profile benefits from margin expansion. The
company ended 2023 with S&P Global Ratings-adjusted leverage of
6.4x, a meaningful improvement from over 8x in 2022. Although
reported revenues were down 8% due to the sale of the Air Treatment
business (revenues were up approximately 4% pro forma for the
sale), the company added more than 500 basis points to S&P Global
Ratings-adjusted margin in one year. Furthermore, S&P Global
Ratings-adjusted leverage improved to 6.1x as of the first quarter
of 2024. SPX Flow's value-based pricing and aftermarket capture
initiatives are bearing fruit, and the company is realizing net
benefits of previous cost-improvement programs. S&P expects
continued commercial initiatives and an ongoing focus on cost
containment to drive modest incremental margin growth over the next
12-24 months, despite the sale of its higher-margin Hydraulic
Technologies business. This should support continued leverage
reduction to the high-5x area in 2024.

S&P said, "The sale of the Hydraulic Technologies unit does not
meaningfully change our view of SPX Flow's business or credit
metrics. Hydraulic Technologies generated about $148 million of
revenues (10% of total revenues) and $44 million of
company-adjusted EBITDA in 2023. This divestiture, combined with
the Air Treatment business sold in January 2023, shrinks the
company's revenue base roughly 20%. However, we expect EBITDA
margin to remain comfortably over 18% (which we consider above
average for capital goods manufacturers) given the company's
ongoing revenue and cost initiatives. SPX Flow plans to use the
$325 million in gross sale proceeds along with cash on hand (which
includes a portion of the proceeds from the Air Treatment sale) to
repay $280 million of its term loan and pay a $200 million dividend
to shareholders. We view this transaction as leverage neutral
because we do not net cash in our leverage calculation.

"We expect modestly positive organic revenue growth over the next
12 months, driven mostly by price growth amid choppy industrial
activity. Orders were down 7% in the first quarter of 2024, which
we believe is partially due to timing. We expect volume growth will
be muted in 2024 given the prevailing high-interest rate
environment, but that value-based pricing actions will contribute
to pro forma low- to mid-single-digit percent organic revenue
growth over the next 12 months.

"SPX Flow will generate continued free operating cash flow (FOCF)
over the next 12 months. We believe FOCF will remain positive.
However, it will fall below a solid 2023 due to the divestiture of
the Hydraulic Technologies business, higher taxes, and a modest
increase in working capital needs. We also expect capital
expenditure (capex) to increase to its more typical $20 million-$30
million annually.

"The stable outlook on SPX Flow reflects our expectation that
modest organic revenue growth and improving EBITDA margins will
maintain S&P Global Ratings-adjusted leverage comfortably below
6.5x over the next 12 months."

S&P could lower its rating on SPX Flow if it increases leverage
well above 6.5x on a sustained basis. This could occur if:

-- Its operating performance weakens significantly due to an
unexpected downturn in industrial markets; or

-- The company pursues large debt-funded dividends or
acquisitions.

S&P could raise its rating on SPX Flow if:

-- It improves S&P Global Ratings-adjusted debt to EBITDA below 5x
and sustains it;

-- The financial sponsor demonstrates its commitment to
maintaining such leverage even when incorporating potential
dividends and acquisitions; and

-- It consistently generates meaningful FOCF.

S&P said, "Governance factors are a moderately negative
consideration in our credit rating analysis of SPX Flow, 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 controlling owners. This also reflects private-equity owners'
generally finite holding periods and focus on maximizing
shareholder returns.

"Environmental and social factors are an overall neutral
consideration. The company is exposed to both industrial and
nutrition and health-related end markets. While we expect SPX Flow
to benefit from positive demographic demand trends (such as the
increasing population, changing consumer dietary habits toward
plant-based diets, and standards for food safety), we view its
exposure to industrial environmental risks, primarily in its
chemical and mining markets, as largely offsetting these
benefits."



ST. CHRISTOPHER'S: Files for Chapter 11 to Tackle Abuse Suits
-------------------------------------------------------------
Becky Yerak of The Wall Street Journal reports that New York
Children's nonprofit, St. Christopher's Inc., files bankruptcy to
deal with sex-abuse lawsuits. St. Christopher's in Dobbs Ferry,
N.Y., joins other institutions in addressing a wave of abuse
lawsuits in chapter 11.

St. Christopher's, a 143-year-old welfare organization for children
and young adults, has filed for bankruptcy in New York to deal with
abuse lawsuits after the state extended its statute of limitation
for child victims.

The Dobbs Ferry, N.Y.-based nonprofit, which currently serves 80
children and 170 families, became at least the third service
provider in the state to seek protection from creditors within the
past year at least partly related to the impact of the 2019 Child
Victims Act.

                        About St. Christopher's Inc.

St. Christopher's, Inc. is a residential treatment center providing
services to children with special needs. The Company empowers
children and youth with special needs with the social-emotional
coping skills and strengths they need -- and the healthcare, mental
health and social support services they require -- to enter
adulthood confident and equipped to meet life's challenges and
opportunities.

St. Christopher's Inc. sought relief under Subchapter V of Chapter
11 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 24-22373)
on April 29, 2024.  In the petition filed by Dr. Sarah Ruback, as
chief executive officer, the Debtor reported assets between $10
million and $50 million and estimated liabilities between $1
million and $10 million.

The Honorable Bankruptcy Judge Sean H. Lane oversees the case.

The Debtor is represented by:

     Janice B. Grubin, Esq.
     BARCLAY DAMON LLP
     1270 Avenue of the Americas, Suite 501
     New York, NY 10020
     Tel: 212-784-5808
     Email: jgrubin@barclaydamon.com



STALWART PLASTICS: Court OKs Bid Rules for Sale of Assets
---------------------------------------------------------
Stalwart Plastics, Inc. received approval from the U.S. Bankruptcy
Court for the Middle District of Georgia to solicit bids for its
assets.

The company is selling most of its assets that were used to operate
its manufacturing business in Midland, Ga., to a stalking horse
bidder or to another buyer who will emerge as the winning bidder at
an auction.

Under the court-approved bid procedures, the deadline for
interested buyers to place their bids on the assets is on May 31,
at 5:00 p.m. Bidders are required to provide a deposit in the
amount of the lower of (i) 10% of the amount of the bid and (ii)
$500,000.

A bidder holding an allowed claim that is secured by property of
Stalwart's estate may "credit bid" at the auction.

If there is a stalking horse bidder, then the following procedures
will apply: a qualified bid will be considered a "topping bid" if
it proposes a purchase price equal to or greater than the sum of
(i) the stalking horse bidder's aggregate bid, (ii) the break-up
fee, if any, and (iii) an additional cash component equal to or
greater than $150,000.

The auction, if any, will be conducted at the office of Stone &
Baxter, LLP in Macon, Ga., or at such other location as may be
designated by the company, commencing on June 4, at 10:00 a.m.
(Eastern Time) and will continue until the winning bid and back-up
bid are announced.

A sale hearing will be held on June 5, at 10:00 a.m. (Eastern
Time).

                      About Stalwart Plastics

Stalwart Plastics, Inc. sought protection under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. M.D. Ga. Case No. 24-40194) on March
29, 2024. In the petition signed by Angelina Valero, chief
financial officer, the Debtor disclosed up to $50 million in both
assets and liabilities.

David L. Bury, Jr., Esq., at Stone & Baxter, LLP, represents the
Debtor as legal counsel.

The U.S. Trustee for Region 21 appointed an official committee to
represent unsecured creditors in the Debtor's Chapter 11 case. Keck
Legal, LLC and Riveron RTS, LLC are the Debtor's legal counsel and
financial advisor, respectively.


SUPOR PROPERTIES: Sale, Equity, Refinance Transactions to Fund Plan
-------------------------------------------------------------------
Supor Properties Enterprises LLC and its affiliates filed with the
U.S. Bankruptcy Court for the District of New Jersey a Combined
Disclosure Statement and Plan of Reorganization and/or Liquidation
dated May 6, 2024.

Debtor, Supor Properties Enterprises LLC is a Delaware limited
liability company formed on March 20, 2017. The sole member of
Supor Enterprises is S&B Realty Partnership.

Joseph A. Supor III ("Mr. Supor") (i) owns or controls entities
("Prop Co's") that own commercial real estate; (ii) owns or
controls entities ("Hold Co's") that own the Prop Co's; and (iii)
owns or controls entities ("Op Co's") that operate from real estate
owned by certain of the Prop Co's.

The Debtors are each Prop Co's. These Bankruptcy Cases were filed
to, among other things, provide Debtors a forum to resolve disputes
with the Lenders and implement a process to market all or some of
their properties, with the support of the Lenders.

The Plan Proponents believe that the combined fair market value of
the Debtors' real estate far exceeds the liens which encumber those
properties. The Plan Proponents also believe that transactions
involving all or some of the Debtors' real estate will result in
full payment of all allowed secured and unsecured claims.

The Debtors and Lenders entered into the Restructuring Support
Agreement ("RSA") on April 2, 2024.

Class 3 consists of all General Unsecured Claims against Supor
Enterprises, Supor 136, and/or Supor 172. Each Holder of an Allowed
Class 3 Claim shall receive, in full satisfaction, settlement and
release of and in exchange for such Allowed Class 3 Claim, shall
receive Pro Rata Distributions up to the full amount their Allowed
Claims. Such Pro Rata Distributions shall be made: (i) on the later
of: (a) a date within ten (10) days after such Claim becomes
Allowed by Final Order; or (b) from the proceeds of closing of an
Exit Transaction of Supor Enterprises, Supor 136, and/or Supor 172
(or liquidation of other Plan Assets of Supor Enterprises, Supor
136, and/or Supor 172); or (ii) such other treatment on such other
terms and conditions as may be agreed upon in writing by a Holder
of such Allowed Class 3 Claim and Supor Enterprises, Supor 136, and
Supor 172.

Class 8 consists of all General Unsecured Claims against Supor 600.
Each Holder of an Allowed Class 8 Claim shall receive, in full
satisfaction, settlement and release of and in exchange for such
Allowed Class 8 Claim, shall receive Pro Rata Distributions up to
the full amount their Allowed Claims. Such Pro Rata Distributions
shall be made: (i) on the later of: (a) a date within 10 days after
such Claim becomes Allowed by Final Order; or (b) from the proceeds
of closing of an Exit Transaction of Supor 600 (and liquidation of
other Plan Assets of Supor 600); or (ii) such other treatment on
such other terms and conditions as may be agreed upon in writing by
a Holder of such Allowed Class 8 Claim and Supor 600.

Class 13 consists of all General Unsecured Claims against Supor
Breiderhoft. Each Holder of an Allowed Class 13 Claim shall
receive, in full satisfaction, settlement and release of and in
exchange for such Allowed Class 13 Claim, shall receive Pro Rata
Distributions up to the full amount their Allowed Claims. Such Pro
Rata Distributions shall be made: (i) on the later of: (a) a date
within 10 days after such Claim becomes Allowed by Final Order; or
(b) from the proceeds of closing of an Exit Transaction of Supor
Breiderhoft (and liquidation of other Plan Assets of Supor
Breiderhoft); or (ii) such other treatment on such other terms and
conditions as may be agreed upon in writing by a Holder of such
Allowed Class 13 Claim and Supor Breiderhoft.

Class 18 consists of all General Unsecured Claims against Supor
Devon. Each Holder of an Allowed Class 18 Claim shall receive, in
full satisfaction, settlement and release of and in exchange for
such Allowed Class 18 Claim, shall receive Pro Rata Distributions
up to the full amount their Allowed Claims. Such Pro Rata
Distributions shall be made: (i) on the later of: (a) a date within
10 days after such Claim becomes Allowed by Final Order; or (b)
from the proceeds of closing of an Exit Transaction of Supor Devon
(and liquidation of other Plan Assets of Supor Devon); or (ii) such
other treatment on such other terms and conditions as may be agreed
upon in writing by a Holder of such Allowed Class 18 Claim and
Supor Devon.

Class 23 consists of all General Unsecured Claims against JS
Realty. Each Holder of an Allowed Class 23 Claim shall receive, in
full satisfaction, settlement and release of and in exchange for
such Allowed Class 23 Claim, shall receive Pro Rata Distributions
up to the full amount their Allowed Claims. Such Pro Rata
Distributions shall be made: (i) on the later of: (a) a date within
10 days after such Claim becomes Allowed by Final Order; or (b)
from the proceeds of closing of an Exit Transaction of JS Realty
(and liquidation of other Plan Assets of JS Realty); or (ii) such
other treatment on such other terms and conditions as may be agreed
upon in writing by a Holder of such Allowed Class 23 Claim and JS
Realty.

Class 28 consists of all General Unsecured Claims against Supor
Harrison Avenue. Each Holder of an Allowed Class 28 Claim shall
receive, in full satisfaction, settlement and release of and in
exchange for such Allowed Class 28 Claim, shall receive Pro Rata
Distributions up to the full amount their Allowed Claims. Such Pro
Rata Distributions shall be made: (i) on the later of: (a) a date
within 10 days after such Claim becomes Allowed by Final Order; or
(b) from the proceeds of closing of an Exit Transaction of Supor
Harrison Avenue (and liquidation of other Plan Assets of Supor
Harrison Avenue); or (ii) such other treatment on such other terms
and conditions as may be agreed upon in writing by a Holder of such
Allowed Class 28 Claim and Supor Harrison Avenue.

Class 33 consists of all General Unsecured Claims against Shore
Properties. Each Holder of an Allowed Class 33 Claim shall receive,
in full satisfaction, settlement and release of and in exchange for
such Allowed Class 33 Claim, shall receive Pro Rata Distributions
up to the full amount their Allowed Claims. Such Pro Rata
Distributions shall be made: (i) on the later of: (a) a date within
10 days after such Claim becomes Allowed by Final Order; or (b)
from the proceeds of closing of an Exit Transaction of Shore
Properties (and liquidation of other Plan Assets of Shore
Properties); or (ii) such other treatment on such other terms and
conditions as may be agreed upon in writing by a Holder of such
Allowed Class 33 Claim and Shore Properties.

The Plan shall be implemented on the Effective Date. In addition to
the provisions set forth elsewhere in this Plan regarding means of
execution, the principal means for implementation of the Plan shall
be one or more of the following Exit Transactions: (i) one or more
Sale Transactions; (ii) one or more Equity Transactions; and/or
(iii) one or more Refinance Transactions.

The Debtors intend to implement the Plan through a sale, joint
venture, or other similar transaction of some or all of the Debtor
Properties and/or the Sanford Property (each a "Sale Transaction"
and collectively, the "Sale Transactions").

The Debtors may implement the Plan through the proceeds of one or
more capital infusions by Mr. Supor and/or a Holder of Equity
Interests in a Debtor (each, an "Equity Transaction").

The Debtors may implement the Plan through the proceeds of a re
finance transaction of any Debtor Property (each, an "Refinance
Transaction"). Lender consent or Bankruptcy Court approval shall,
however, be required for any Refinance Transaction that does not
result in an amount at least sufficient to satisfy all Allowed
Secured Claims against such Debtor Property; all fees, expenses and
claims associated with the refinance of the Debtor Property; all
Allowed Administrative Expense Claims, including Allowed Fee Claims
regarding the Debtor Property; and any Allowed Priority Tax Claims
against the Debtor Property.

A full-text copy of the Combined Disclosure Statement and Plan
dated May 6, 2024 is available at https://urlcurt.com/u?l=eAcaZH
from PacerMonitor.com at no charge.

Proposed Counsel for the Debtors:

     Michael E. Holt, Esq.
     Forman Holt
     365 West Passaic Street, Suite 400
     Rochelle Park, NJ 07662
     Telephone: (201) 845-1000
     Email: mholt@formanlaw.com

Special Counsel for the Debtors:

     K&L Gates LLP
     Daniel M. Eliades, Esq.
     David S. Catuogno, Esq.
     William Waldman, Esq.
     Caitlin C. Conklin, Esq.
     1085 Raymond Boulevard, 10th Floor
     Newark, NJ 07102
     Telephone: (973) 848-4000
     Facsimile: (973) 848-4001

          About Supor Properties Enterprises LLC

Supor Properties Enterprises LLC are Single Asset Real Estate (as
defined in 11 U.S.C. Section 101(51B)).

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.J. Case No. 24-13427) on April 2,
2024. In the petition, the Debtor disclosed up to $500,000 in
assets and up to $100 million in liabilities.

Judge Stacey L. Meisel oversees the case.

Michael E. Holt, Esq., at Forman Holt, represents the Debtor as
legal counsel.


SUPPLY SOURCE: Case Summary & 30 Largest Unsecured Creditors
------------------------------------------------------------
Five affiliates that concurrently filed voluntary petitions for
relief under Chapter 11 of the Bankruptcy Code:

    Debtor                                         Case No.
    ------                                         --------
    Supply Source Enterprises, Inc. (Lead Case)    24-11054
    385 Long Hill Road
    Guilford CT 06437

    SSE Intermediate, Inc.                         24-11052
    SSE Buyer, Inc.                                24-11053
    Impact Products, LLC                           24-11055
    The Safety Zone, LLC                           24-11056

Business Description: The Debtors are distributors of branded and
                      private label personal protective equipment
                      and janitorial, safety, hygiene, and
                      sanitation products.  The Debtors' key
                      products fall into the categories of gloves,

                      core cleaning, safety, and food service.
                      Working directly with suppliers and vendors
                      in the United States and Asia, the
                      Debtors source, supply, and ship their
                      products to a diverse customer base,
                      including janitorial and sanitation
                      providers, supply distributors, safety
                      products resellers and wholesalers, and food

                      service and food processing distributors and
                      retailers.  Additionally, the Debtors offer
                      advanced customization capabilities, hot
                      stamping, pad printing, and silk-screening
                      labeling services for unique design, logo,
                      or packaging specification requested by
                      customers.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       District of Delaware

Judge: Hon. Brendan Linehan Shannon

Debtors'
Bankruptcy
Co-Counsel:       M. Blake Cleary, Esq.
                  R. Stephen McNeill, Esq.
                  Katelin A. Morales, Esq.
                  POTTER ANDERSON & CORROON LLP
                  1313 N. Market Street, 6th Floor
                  Wilmington, Delaware 19801
                  Tel: (302) 984-6000
                  Fax: (302) 658-1192
                  Email: bcleary@potteranderson.com
                         rmcneill@potteranderson.com
                         kmorales@potteranderson.com

                    - and -

                  Felicia Gerber Perlman, Esq.
                  Bradley Thomas Giordano, Esq.
                  Carole M. Wurzelbacher, Esq.
                  McDERMOTT WILL & EMERY LLP
                  444 West Lake Street
                  Chicago, IL 60606-0029
                  Tel: (312) 372-2000
                  Fax: (312) 984-7700
                  Email: fperlman@mwe.com
                         bgiordano@mwe.com
                         cwurzelbacher@mwe.com

Debtors'
Bankruptcy
Co-Counsel:       MCDERMOTT WILL & EMERGY LLP

Debtors'
CRO Provider:     TRIPLE P RTS, LLC

Debtors'
Notice &
Claims Agent:     KURTZMAN CARSON CONSULTANTS LLC

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $100 million to $500 million

The petitions were signed by Laura Marcero as vice president.

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

https://www.pacermonitor.com/view/T6HM7XA/Supply_Source_Enterprises_Inc__debke-24-11054__0001.0.pdf?mcid=tGE4TAMA

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount

1. Shijiazhuang Hongray Group           Trade           $5,843,992
No 135 Xinhua West Road
Jinzhou, FC
China
Tel: 86-311-3613127
Fax: 86-311-3634221
Email: DANDAN@HONGRAY.COM.CN;
LIFENGLEI@HONGRAY.COM.CN

2. ZhongHong Pulin Medical              Trade           $2,986,423

Products Co Ltd
West Industrial Zone Luannan
Tangshan
Tangshan, FC 63500
China
Tel: 86-315-4169201
Fax: 86-315-4169201
Email: DANNY@ZHONGHONGPULIN.CN;
HAJIA.LIU@ZHONGHONGPULIN.CN

3. Shandong Shangwei Medical            Trade           $1,936,011
Products Co. Ltd.
Songhuajiang Rd, Caoxian Shandong
Province, P.R. China
Heze, FC 274400
China
Tel: 530-2069711
Fax: 530-2069778
Email: KAYLA@SDSWMED.COM;
ALINA@SDSWMED.COM

4. Virtual Transportation Mgmnt         Trade           $1,484,226
2027 Otis Dr. Apt D
Alameda, CA 94501-5656
Email: ALLISONKIDD-PROBST@VTM.COM;
KAMALESHV@VTM.COM; NANCYB@VTM.COM;
LOGUS@VTM.COM; DARCARTER@VTM.COM;
SCOTTSHEARON@VTM.COM;
CARRIERSUPPORT@VTM.COM

5. Laufer Group International, LT       Trade           $1,418,741
PO Box 780977 1663
Philadelphia, PA 19178-0977
Phone: 212-945-6000
Email: PAYMENTS@LAUFER.COM

6. B&B Molded Products Inc.             Trade           $1,371,734
1250 Ottawa Ave
Defiance, OH 43512
Tel: 419-592-8700
Fax: 419-592-0209
Email: KBARE@BBMOLDED.COM;
DSCHWIEBERT@BBMOLDED.COM;
KBARE@BBMOLDED.COM;
KBOSMA@BBMOLDED.COM;
AGRAY@BBMOLDED.COM;
JHARTFORD@BBMOLDED.COM

7. PT Universal Gloves                  Trade           $1,281,436
Jalan Pertahanan No 17
Patumbak Deli
Serdang
Sumatra, FC 20361
Indonesia
Tel: (62) 61-7883055
Fax: 62-617-883411
Email: ELVINA@UNI-LATEX.COM;
TRIXIE@UNI-LATEX.COM

8. Liaoning Shangwei Medical Prod       Trade             $996,749
Chengivan Dev. Zone Diaobingshan
Tieling, FC 112700
China
Email: KAYLA@SDSWMED.COM;
ALINA@SDSWMED.COM

9. Jiangsu Bytech Medical Supplies      Trade             $699,659
Co. Ltd.
No. 88 Junshi Road, Petroleum
Equipment Industrial Park
Yancheng, FC 224700
China
Email: ANNA@BYTECH-DT.COM;
ANDY@BYTECH-DT.COM

10. Palmer Logistics                    Trade             $651,452
Hou1028 PO Box 650998 2117
Dallas, X 75265-0998
Email: AR@PALMERFIXTURE.COM

11. Hebei Astro Medical Supply Co       Trade             $632,085
Jinzhou Economic Development Hebei
Province, China
Jinzhou, CF 52260
China
Tel: 31185125618
Fax: 3-118-512-5626
Email: SALES@WALLYPLASTIC.COM

12. Xiantao Crosscare Products          Trade             $612,339
168#Xinming Rd Gaojiadu Village
Xiantao, FC 43300
China
Phone: 155-72886866
Email: CROSSCARE_CHONY@163.COM

13. Anhui Bytech Medical Supplies       Trade             $599,957
The North New Economic Development Area
Suzhou, FC 234200
China
Tel: 86-510-85093588
Fax: 86-510-85731588
Email: ANNA@BYTECH-DT.COM;
ANDY@BYTECH-DT.COM

14. Xiantao Deming Healthcare           Trade             $557,256
Products Co Ltd
No. 198 Pengcheang Ave Pengchang Town
Xianto, CF 43300
China
Tel: 728-261-4666
Fax: 728-261-2364
Email: DEMING817@VIP.SINA.COM

15. Fujian Cashion Garment Co., LT      Trade             $535,622
T 06,25/F.
Block A. Worldwi No. 158 Wusi
Road 4057
Fuzhou, FC
China
Email: JACKIE@CASHION-CN.COM

16. Guangdong Kingfa Sci and Tech       Trade             $515,222
No. 28 Delong Road Qingchen Dist
Qingyuan, FC 510663
China
Phone: 891-3223
Email: GUOCHU@KINGFA.COM.CN

17. Dipped Products Limited             Trade             $477,834
400 Deans Road Columbio 10
Sri Lanka
Sri Lanka
Email: THAKSHILA.W@DPLGROUP.COM

18. Fengcheng Zhonghe Paper Prod        Trade             $465,471
No. 109-1 Xijianting Street
Fengcheng, FC 118100
China
Tel: 86-415-8124899
Fax: 86-415-8124899
Email: ZHONGHEPAPER@126.COM

19. Shamrock Molded Products            Trade             $413,442
1440 Holloway Unit 2
Holland, OH 43528-8608
Tel: 419-865-2548
Fax: 419-865-3326
Email: HALEY@DOYLESHAMROCK.COM;
JESSICA@DOYLESHAMROCK.COM

20. Heng Yuan Plastic Products Ltd       Trade            $407,393
3224 Guodao Maan Town Huicheng District
Huizhou, FC 516001
China
Tel: 380-966-9710
Fax: 86-852-3616883
Email: LIUXUE2012@126.COM

21. Rayen Healthcare Products Ltd        Trade            $403,801
Encheng Town Luannan County
Tangshan, FC 63500
China
Tel: 86-315-4169377
Fax: 86-315-4169376
Email: RAYENHEALTHCARE@126.COM

22. Shandong Hengshen Hairun Medic       Trade            $397,191
No. 39, Weiqiao Aluminum Deep
Processing Industrial Park Processing
Industrial Park
Zouping, FC 256206
China
Email: ALICE@HSHR1118.COM

23. Hubei Qifu Protective                Trade            $394,327
Products
Zhibuwan Village, Pengchang AV
Xiantao City 1332
Xiantao, FC 433000
China
Email: HBYHB@VIP.163.COM

24. Hiten Nonwoven Healthcare Prod       Trade            $378,271
No. 29 Pengchang Ave Xiantao City 4106
Xiantao, FC
China
Email: XTHAITENGWANG@163.COM;
STEVEN@HITEN.COM.CN

25. Xiantao Yilin Protective Prod        Trade            $372,012
No. 19 Jianshe Road
Pengchang Ave
Xiantao, FC 43300
China
Email: KOBE-CARE@VIP.163.COM

26. Capstone Logistics                   Trade            $338,200
3086 Momentum Place
Chicago, IL 60689
Email: JUANITA.CARD@CAPSTONELOGISTICS.COM;
JUANITA.CARD@CAPSTONELOGISTICS.COM;
RACHEL.TAYLOR@CAPSTONELOGISTICS.COM;
STEPHANIE.RITZ@CAPSTONELOGISTICS.COM;
JULIANA.SALCEDO@CAPSTONELOGISTICS.COM;
RACHEL.TAYLOR@CAPSTONELOGISTICS.COM;
TYSON.REHMER@CAPSTONELOGISTICS.COM

27. Pa Tin Da Group Co Ltd.              Trade            $329,088
B306-406 Cloud City NO. 1933
Guaguan Rd
Tianhe District
Guangzhou, FC 510663
China
Tel: 86 203 881 8784
Fax: 86 023 886 7281
Email: SHIRLEY@MICROFIBERCHINA.COM;
OLIVIA@MICROFIBERCHINA.COM

28. Taicang Union Clean Co. Ltd.          Trade           $326,199
NO 80 Shalu Rd, Hungjing Town
Taicang, FC 215427
China
Phone: 18121551688
Email: SALES2@UCMICROFIBER.COM

29. Avision Sales Group I&I Sales         Trade           $300,000
Group PO Box 947929 Lockbox Number
865929
Atlanta, GA 30394-7929
Tel: 610-971-9005
Fax: 610-971-9005
Email: TONY_LASITA@AVISION.COM

30. Zhangjiagang Jiawen Plastic           Trade           $283,469
Products Factory
NO197 Shuanlong Rd Fengchuang Town
Zhongjianchang, FC
China
Phone: 39001567966
Email: FANNYJIAWEN@163.COM;
3287624837@QQ.COM


SVP-SINGER: Ares Capital Marks $44MM Loan at 34% Off
----------------------------------------------------
Ares Capital Corporation has marked its $44 million loan extended
to SVP-Singer Holdings Inc. and SVP-Singer Holdings LP to market at
$29 million or 66% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to SVP-Singer Holdings Inc. and SVP-Singer Holdings LP. The loan
matures in April 2027.

The Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

SVP Worldwide is an American privately held company that designs,
manufactures, and distributes consumer sewing machines and
accessories around the world.




SVP-SINGER: Ares Capital Marks $44MM Loan at 34% Off
----------------------------------------------------
Ares Capital Corporation has marked its $44 million loan extended
to SVP-Singer Holdings Inc. and SVP-Singer Holdings LP to market at
$29 million or 66% of the outstanding amount, as of March 31, 2024,
according to a disclosure contained in Ares Capital's Form 10-Q for
the quarterly period ended March 31, 2024, filed with the
Securities and Exchange Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to SVP-Singer Holdings Inc. and SVP-Singer Holdings LP. The loan
matures in April 2027.

The Loan was on non-accrual status as of March 31, 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

SVP Worldwide is an American privately held company that designs,
manufactures, and distributes consumer sewing machines and
accessories around the world.
 



T AND D: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------
The U.S. Trustee for Region 9 disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of T and D Real Estate Properties, L.L.C.

               About T and D Real Estate Properties

T and D Real Estate Properties, L.L.C filed Chapter 11 petition
(Bankr. E.D. Mich. Case No. 24-43536) on April 10, 2024, with
$100,001 to $500,000 in both assets and liabilities.

Judge Mark A. Randon oversees the case.

Edward J. Gudeman, Esq., at Gudeman & Associates, PC is the
Debtor's legal counsel.


TOWER HEALTH: S&P Lowers Bonds Rating to 'CCC', Outlook Negative
----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating and underlying
rating (SPUR) on Tower Health, Pa.'s bonds to 'CCC' from 'CCC+'.
The outlook is negative.

The downgrade reflects Tower Health's highly vulnerable
unrestricted reserves that have increased Tower's restructuring
risk over the near term given mandatory tenders starting in
February 2025. S&P notes that despite narrowing of operating
losses, unrestricted reserves continue to decline.

"This higher restructuring risk and refinancing risk and extremely
weak financial profile are what we view to be in line with issuers
in the 'CCC' rating category," said S&P Global Ratings credit
analyst Anne Cosgrove.

S&P said, "The negative outlook reflects a one-in-three chance that
we could lower the rating during the outlook period given highly
vulnerable unrestricted reserves and continued losses expected over
the outlook period. We also expect Tower may be challenged to meet
some of the upcoming mandatory tenders within the next 12 months.
We continue to monitor Tower's financials on a regular basis and
note that if unrestricted reserves decline further, we could lower
the rating.

"We could also lower the rating if Tower Health violates its debt
service coverage covenant under the master trust indenture, or if
there is a debt restructuring and an inability to pay debt service.
We could lower the rating if Tower Health fails to continue
reducing operating losses or if unrestricted reserves weaken
further. If management can't execute on strategic priorities to
stabilize and improve the financial profile, it could affect the
rating.

"We do not view a return to a stable outlook as likely given what
we view as highly vulnerable financial profile and significant
upcoming mandatory debt payments."



TSC LLC: Seeks to Hire Wadsworth Garber as Bankruptcy Counsel
-------------------------------------------------------------
TSC LLC seeks approval from the U.S. Bankruptcy Court for the
District of Colorado to hire Wadsworth Garber Warner Conrardy, P.C.
as its bankruptcy counsel.

The firm will render these services:

     a. provide the Debtor with legal advice with respect to its
powers and duties;

     b. aid the Debtor in the development of a plan of
reorganization under Chapter 11;

     c. file the necessary petitions, pleadings, reports, and
actions which may be required under Chapter 11;

     d. take necessary actions to enjoin and stay until final
decree continuation of pending proceedings and to enjoin and stay
until final decree commencement of lien foreclosure proceedings and
all matters as may be provided under 11 U.S.C. Sec. 362; and

     e. perform all other legal services for the Debtor which may
be necessary.

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

     David Wadsworth         $500
     Aaron Garber            $500
     David Warner            $400
     Aaron Conrardy          $400
     Lindsay Riley           $325
     Justin Carpenter        $225
     Paralegals              $125

The firm received a retainer in the amount of $14,174.50 from the
Debtor.

Aaron Garber, Esq., a partner with Wadsworth Garber Warner
Conrardy, 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:

     Aaron A. Garber, Esq.
     Wadsworth Garber Warner Conrardy, PC
     2580 West Main Street, Suite 200
     Littleton, CO 80120
     Telephone: (303) 296-1999
     Facsimile: (303) 296-7600
     Email: agarber@wgwc-law.com

                  About TSC LLC

TSC is an information management solutions provider. The Company
specializes in assisting paper-reliant businesses across North
America in making the transition from paper to digital seamlessly.

TSC LLC filed its voluntary petition for relief under Chapter 11 of
the Bankruptcy Code (Bankr. D. Colo. Case No. 24-12532) on May 10,
2024, listing $942,924 in assets and $1,624,882 in liabilities. The
petition was signed by Vincent Huang as manager/president.

Aaron A. Garber, Esq. at WADSWORTH GARBER WARNER CONRARDY, P.C.
represents the Debtor as counsel.


TST BEVERAGES: Sickles Market Seeks Chapter 11 Bankruptcy
---------------------------------------------------------
Daniel Kline of The Street reports that historic grocery chain
Sickles Market has filed for Chapter 11 bankruptcy.

Sickles Market has been a New Jersey tradition for a very long
time. It's a family-owned business that has a deep history in the
region.

"Sickles Market began over 116 years ago as a farm, selling its own
fruits and vegetables to local stores. Harold Sickles and his wife,
Elsie, ran it on farmland acquired from his mother's family, the
Parkers," the company shares on its website.

At first, it was a seasonal operation, but that changed in 1999 and
it became a small, year-round chain.

"Today, Sickles Market is known not only for having the highest
quality, freshest produce and plants, as always, but also for its
wide selection of gourmet grocery items, international cheeses,
baked goods, butcher shop, deli, and a kitchen presenting fresh,
chef-prepared foods to satisfy every taste and occasion," the
company added.

That proud tradition has, at least for now, come to an end as the
company has filed for Chapter 11 bankruptcy protection and closed
its doors.

                Sickles Market hopes for a comeback

While the Sickles Market locations have closed, Bottles by
Stickles, a high-end wine and liquor store in Red Bank, N.J.,
remains open. In its bankruptcy filing the company reported
$549,388 in total assets​ and $5.2 million in debt:

"Sickles' business banking accounts at Northfield Bank and
OceanFirst bank have been frozen, according to the filing. The
state of New Jersey also put a lien on Sickles' $400,000 liquor
license," Patch.com reported.

                   About TST Beverages  LLC

TST Beverages LLC owns and operates a liquor store.

TST Beverages LLC sought relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. N.J. Case No. 24-14130) on April 23,
2024. In the petition filed by Robert H. Sickles, as managing
member, the Debtor reports total assets of $549,388 and total
liabilities of $5,261,746.

The Debtor is represented by:

     Andrew J. Kelly, Esq.
     THE KELLEY FIRM, P.C.
     1011 Highway 71
     Suite 200
     Spring Lake, NJ 07762
     Tel: 732-449-0525
     Fax: 732-449-0592
     Email: akelly@kbtlaw.com


TURNONGREEN INC: Net Loss Narrows to $735,000 in Q1 2024
--------------------------------------------------------
TurnOnGreen, Inc. filed with the U.S. Securities and Exchange
Commission its Quarterly Report on Form 10-Q disclosing a net loss
of $735,000 on $1.2 million of revenues for the three months ended
March 31, 2024, compared to a net loss of $1.01 million on $876,000
of revenue for the three months ended March 31, 2023.

As of March 31, 2024, the Company had cash and cash equivalents of
$0.1 million and negative working capital of $6.6 million.

The Company has incurred recurring operating and net losses that
have not provided sufficient cash flows. Management believes that
the Company will continue to incur operating and net losses each
quarter until at least the time it begins significant deliveries of
its products. The Company's inability to continue as a going
concern could have a negative impact on the Company, including its
ability to obtain needed financing.

The Company intends to finance its future development activities
and its working capital needs largely through the sale of equity
securities with some additional funding from other sources,
including term notes until such time as funds provided by
operations are sufficient to fund working capital requirements.
Although management believes that such capital sources will be
available, there can be no assurances that financing will be
available to the Company when needed in order to allow the Company
to continue its operations, or if available, on terms acceptable to
the Company.

A full-text copy of the Company's Form 10-Q is available at
https://tinyurl.com/yjzn73s5

                       About TurnOnGreen, Inc.

TurnOnGreen, Inc. (formerly known as Imperalis Holding Corp.), a
Nevada corporation, through its wholly owned subsidiaries Digital
Power Corporation and TOG Technologies Inc., is engaged in the
design, development, manufacture and sale of highly engineered,
feature-rich, high-grade power conversion and power system
solutions for mission-critical applications and processes.

As of March 31, 2024, the Company has $4.2 million in total assets,
$9.9 million in total liabilities, and $30.7 million in total
shareholders' deficit.

New York, N.Y.-based Marcum LLP, the Company's auditor since 2021,
issued a "going concern" qualification in its report dated April
11, 2024, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.



UNIVISION COMMUNICATIONS: Moody's Affirms 'B1' CFR, Outlook Stable
------------------------------------------------------------------
Moody's Ratings affirmed Univision Communications Inc.'s (d/b/a
"TelevisaUnivision", "TU" or the "company") B1 Corporate Family
Rating, B2-PD Probability of Default Rating, and B1 ratings on the
company's senior secured bank credit facilities and senior secured
notes. The outlook is stable.

RATINGS RATIONALE

The affirmation of the B1 CFR reflects Moody's expectation that
TelevisaUnivision will continue to exhibit solid top-line revenue
growth and operating performance over the next two years similar to
its recent outperformance relative to the industry and peers. While
financial leverage is high for the rating, currently around 6.5x,
TU's significant scale, strong leadership presence in the
Spanish-language media sector and growth potential permits the
credit profile to tolerate a higher leverage compared to peers.
Notably, leverage has steadily declined from roughly 8x in 2022
following the purchase of Grupo Televisa, S.A.B. de C.V.'s
("Televisa") content assets (all metrics are Moody's adjusted on a
two-year average EBITDA basis). Moody's expects continued
deleveraging via both organic EBITDA growth and voluntary debt
repayment given the company's public commitment to de-lever.
Importantly, TU's exposure to the growing Hispanic demographic,
durability of its Mexico business and continued scaling and
monetization of the DTC streaming platform provide differentiated
growth opportunities for future deleveraging, unlike its broadcast
peers. Moody's expects these factors will further increase
advertiser penetration leading to market share gains and
incremental ad revenue, thus mitigating the impact from volatile
advertising demand as well as current weakness in US linear TV core
ad spend and depressed retransmission revenue.

The stable outlook reflects Moody's expectation that financial
leverage will reduce to at least 5x (Moody's adjusted on a two-year
average EBITDA basis) over the coming 18-24 months (by 2026) via a
combination of EBITDA growth and debt reduction.

TelevisaUnivision's B1 CFR reflects the company's material scale,
strong audience shares and position as the leading Spanish-language
content and diversified media company. TU's diversification across
multiple media platforms (i.e., broadcast, cable, digital,
streaming and audio), each with dissimilar demand drivers, offers a
unique value proposition compared to its broadcast and media peers,
enabling TU to capitalize on its reach throughout Spanish-speaking
populations in both Mexico and the US, and align its programming to
its audience and advertisers. In 2022, TU launched ViX, its
streaming platform, which offers free ad-supported video-on-demand
(AVOD) and subscription video-on-demand (SVOD) tiers. On May 15,
ViX launched a third option, a limited ad supported tier. The
platform's ramp-up required significant original content,
marketing, personnel and other start-up costs, which caused ViX's
losses to peak in 2022, but have since narrowed year-over-year.
Moody's expects ViX to produce positive EBITDA in H2 2024, only two
years after launch. As capital expenditures associated with
streaming investments normalize, this will lead to TU reverting to
positive free cash flow (FCF) in 2024 and beyond.

The credit profile is constrained by TelevisaUnivision's' exposure
to advertising revenue (roughly 60% of revenue), which is
inherently cyclical, as well as the ongoing structural decline in
US linear TV core advertising as non-political TV ad budgets
continue to erode in favor of digital media. Additionally, TU's US
retransmission revenue growth will be challenged over the next
several years because the rate of traditional subscriber losses is
expected to outpace annual escalators in non-contract renewal
years, offsetting the material fee increases occurring at the time
of contract renewal. However, TU's exposure to the Hispanic
population's demographic trends is an offsetting factor that
supports the credit profile. Though the Latinx market is one of the
fastest growing populations within the US, historically it has not
received its proportionate share of advertising spend. With access
to the US, the number one Spanish speaking population by GDP, and
Mexico, the number one Spanish speaking country by population,
Moody's believes TU can capitalize on its strong audience share
(around 61%), which favorably positions the company to continue
growing its ad market share and mitigate current weakness in US
linear TV core ad demand. This has allowed the company to
outperform general TV advertising market trends. TU also believes
that it has a significant pricing opportunity in bridging the
pricing paid by advertisers to place ads on Spanish programming vs.
English language programming.

Over the next 12-18 months, Moody's expects TU will maintain good
liquidity. At March 31, 2024, LTM FCF (defined by Moody's as cash
flow from operations less capex less dividends) totaled $50
million, cash and cash equivalents were approximately $225 million
and the two-tranche $610 million revolving credit facility (RCF)
was undrawn ($88 million maturing in 2025 and $522 million in
2027). Last year, FCF experienced pressure due to slowing growth in
core advertising and retransmission revenue in the US, absence of
political ad revenue in a non-election year and higher capital
expenditures associated with investments in ViX. However, in 2024,
Moody's expects that TU will generate positive FCF of around $140
million to $170 million driven by high margin political advertising
revenue in a presidential election year, ViX profitability and
normalization of capex. The RCF is subject to a first-lien net
leverage maintenance financial covenant set at 7.1x, stepping down
to 6.75x at December 31, 2025. Moody's expects sufficient headroom
relative to the covenant over the next year.

ESG CONSIDERATIONS

TelevisaUnivision's ESG credit impact score is CIS-4, which
indicates the rating is lower than it would have been if ESG risk
exposures did not exist. The credit impact score is chiefly driven
by governance risks associated with private ownership, which
influences financial strategy and risk management given the
somewhat aggressive financial policy, characterized by
debt-financed acquisitions and a tolerance for high financial
leverage.

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

Though unlikely near-term, ratings could be upgraded if TU sustains
leverage comfortably well below 4x (Moody's adjusted on a two-year
average EBTIDA basis) and FCF to debt above 5% (Moody's adjusted on
a two-year average FCF basis). TU 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. Ratings could be downgraded if Moody's
expects that leverage will be sustained above 6x by FYE 2025 or
above 5x by 2026 (Moody's adjusted on a two-year average EBITDA
basis) as a result of weak operating performance, more aggressive
financial policies or inability to reduce debt levels. A downgrade
could also arise if FCF to debt was sustained below 2% (Moody's
adjusted on a two-year average FCF basis) or TU experienced
deterioration in liquidity or covenant compliance weakness.

Headquartered in N.Y., New York, Univision Communications Inc.,
(d/b/a "TelevisaUnivision" or "TU") is a leading Spanish-language
multimedia conglomerate with operations in the US (roughly 63% of
total revenue) and Mexico (37%) serving a global audience offering
original in-house content production, the largest owned
Spanish-language content library, entertainment, news and sports.
The company operates across two business segments, Advertising and
Subscription & Licensing. TU's revenue is supported by its media
networks, which include: 91 owned or operated local TV broadcast
stations (59 in the US and 32 in Mexico); two leading terrestrial
US broadcast networks (Univision and UniMás); three terrestrial
Mexican broadcast networks (Las Estrellas, Nueve and Canal 5); 38
cable networks across the US and Mexico (including Galavisión,
TUDN -- previously Univision Deportes Network - and Univision
telenovelas); and its digital operations (including ViX, its
streaming platform, home to a variety of TV shows, films and sports
programming). The company also has rights to the substantial
majority of Liga MX, the top professional football division in
Mexico, and certain UEFA (Union of European Football Associations)
properties. Uforia Audio Network comprises the company's 34 owned
or operated terrestrial radio stations. TU is privately owned with
major investors including Grupo Televisa, ForgeLight, Searchlight
Capital, Liberty Global and SoftBank. Revenue for the twelve months
ended March 31, 2024 totaled approximately $5 billion.

The principal methodology used in these ratings was Media published
in June 2021.


US LIGHTING: Incurs $439K Net Loss in First Quarter
---------------------------------------------------
US Lighting Group, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $438,954 on $290,542 of net sales for the three months ended
March 31, 2024, compared to a net loss of $154,728 on $1.03 million
of net sales for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $3.01 million in total
assets, $8.09 million in total liabilities, and a total
shareholders' deficit of $5.09 million.

US Lighting stated, "As the Company further develops its products
and markets, the Company may need to raise additional capital or
borrow additional funds to support increasing levels of working
capital until it is able to generate sufficient revenues.

"Management plans to generate increasing revenues and as needed
raise additional capital or borrow additional funds in order to
provide liquidity and fund increasing levels of working capital to
continue operations as a going concern.  However, there is no
assurance the Company will be successful in accomplishing its
plans. These factors raise substantial doubt about the Company's
ability to continue as a going concern.  These financial statements
do not include any adjustments that might result from the outcome
of this uncertainty."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1536394/000121390024045166/ea0206230-10q_uslight.htm

                        About US Lighting

Headquartered in , Euclid, Ohio, US Lighting Group, Inc. is an
innovative composite manufacturer utilizing advanced fiberglass
technologies in growth sectors such as high-end recreational
vehicles (RVs), prefabricated off-grid houses, and high-performance
powerboats.  The Company derives expertise and inspiration from the
marine industry, where the harshest conditions are expected and met
with superior engineering and the latest in composite technology
The Company plans to expand its manufacturing footprint, enhance
production techniques, and develop more products in the RV, marine
and composite housing sectors.  Its current R&D efforts are focused
on future tow-behind camper models under Cortes Campers brand as
well as prefabricated housing segment.

Columbus, Ohio-based GBQ Partners LLC, the Company's auditor since
2023, issued a "going concern" qualification in its report dated
April 15, 2024, citing that the Company has suffered recurring
losses from operations and has a significant accumulated deficit.
In addition, the Company continues to experience negative cash
flows from operations.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.


VIEWBIX INC: Incurs $1.17 Million Net Loss in First Quarter
-----------------------------------------------------------
ViewBix, Inc. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q reporting a net loss of $1.17 million
on $10 million of revenues for the three months ended March 31,
2024, compared to a net loss of $345,000 on $20.86 million of
revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $37.52 million in total
assets, $15.90 million in total current liabilities, $4.15 million
in total non-current liabilities, and $17.47 million in total
equity.

ViewBix stated, "The Company experienced a decrease in its revenues
from the digital content and search segments as a result of a
decrease in user traffic acquired from third party advertising
platforms, an industry-wide decrease in advertising budget, changes
and updates to internet browsers' technology and other changes in
the online advertising industry during the second half of 2023 and
the three months ended March 31, 2024.  As a result of the
foregoing, during the three months ended March 31, 2024, the
Company recorded an operating loss of [$1,011,000] compared to an
operating loss of [$76,000] in the same period last year.
Additionally, the Company recorded a net loss of [$1,175,000]
compared to [$345,000] in the same period last year.  As of March
31, 2024, the Company had cash and cash equivalents of [$1,284,000]
bank loans of [$8,427,000] and accumulated deficit of
[$11,660,000].  Additionally, subsequent to the balance sheet date,
a significant customer notified Cortex it will stop advertising on
Cortex's websites.

"While subsequent to the balance sheet date Cortex has successfully
taken steps to implement certain adjustments to its business model
in response to such conditions, the decline in revenues and other
circumstances described above raise substantial doubts about the
Company's ability to continue as a going concern during the
12-month period following the issuance date of these financial
statements.

"Management's plans in response to these conditions include
reducing operating expenses, creating new income sources, seeking
additional liquidity opportunities to ensure the Company's
continued operations and raising funds through issuance of debt or
equity from various potential investors.  However, there is
significant uncertainty as to whether the Company will succeed in
implementing its plans, or be able to secure sufficient funds when
needed."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/797542/000149315224020755/form10-q.htm

                          About Viewbix

Headquartered in Ramat Gan, Israel, Viewbix is a digital
advertising platform that develops and markets a variety of
technological platforms that automate, optimize and monetize
digital online campaigns.  Viewbix's operations were previously
focused on analysis of the video marketing performance of its
clients as well as the effectiveness of their messaging.  With the
Video Advertising Platform, Viewbix allowed its clients with
digital video properties the ability to use its platforms in a way
that allows viewers to engage and interact with the video.  The
Video Advertising Platform measured when a viewer performs a
specific action while watching a video and collects and reports the
results to the client.  However, due to the Company's failure to
meet predetermined sales targets which were set pursuant to the
Recapitalization Transaction, in January 2020 the Company
determined to reduce its operations and the size of its sales and
R&D team in the Digital Advertising Platform.

Tel Aviv, Israel-based Brightman Almagor Zohar & Co., the Company's
auditor since 2012, issued a "going concern" qualification in its
report dated March 25, 2024, citing that the Company's
non-compliance with its debt covenants as of Dec. 31, 2023 and the
decrease in revenues and positive cash flows from operations may
result in the Company's inability to repay its debt obligations
during the 12-month period following the issuance date of these
financial statements.  These conditions raise a substantial doubt
about the Company's ability to continue as a going concern.


VILLAGE CENTER: Files Emergency Bid to Use Cash Collateral
----------------------------------------------------------
The Village Center Group, LP asks the U.S. Bankruptcy Court for the
District of Massachusetts for authority to use the cash collateral
of secured creditor Maclyn LLC., (Maclyn), and/or Raymond C. Green
Inc. TTEE Raymond C Green Trustee.

The secured creditor, Maclyn, and/or Green are assignees of a note
made by the Debtor, with the principal amount of $872,804. The note
is secured by a mortgage on the property. In the prior chapter 11
filing, a proof of claim was filed by Maclyn's predecessor in
interest Michael Italiaander in the amount of $1.115 million.

The Debtor believes it is obligated to the Massachusetts Department
of Revenue but is unsure of the amount owed and no Proof of Claim
was filed in the prior case. The Debtor is obligated to the
Internal Revenue Service in the approximate amount of $24,340.

The Debtor rents its motel units on a weekly basis and collects its
rent on a weekly basis. Pursuant to the mortgage, there is no
assignments of leases and rents. In order to constitute cash
collateral, the rents must be secured, which in this case, they are
not. Thus, the Debtor does not believe rents received constitute
cash collateral. However, the Debtor continues to be prepared to
make monthly payments to the mortgage holder as a showing of good
faith and as adequate protection under the mortgage.

The Debtor is currently operating under limited staffing, and at
this time has no employees, a General Partner is currently handling
all aspects of running the business. The Debtor is still recovering
from the economic difficulties arising from COVID-19 and the
current inflation has increased operating expenses.

The Debtor asserts that any cash collateral it used will be used
solely to maintain operations and keep the Property maintained,
thus reducing the chance of any possible diminution in value of the
Property. However, the Debtor also proposes to grant Maclyn LLC
and/or Green the following as adequate protection:

     a. The Debtor will make monthly adequate protection payments
in the amount of $8,729.

     b. The Debtor will remain within its Budget, within an overall
margin of 10%.

A copy of the motion is https://urlcurt.com/u?l=qYs4eb from
PacerMonitor.com.

        The Village Center Group, Limited Partnership

West Yarmouth, Mass.-based Village Center Group filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code (Bankr.
D. Mass. Case No. 23-10193) on Feb. 23, 2023, with $500,000 to $1
million in assets and $1 million to $10 million in liabilities.
Brian S. Braginton-Smith, a partner at Village Center Group, signed
the petition.

The Village Center Group, Limited Partnership is a single asset
real estate as defined in 11 U.S.C. Section 101(51B).

Judge Christopher J. Panos oversees the case.

The Law Office of Peter M. Daigle represents the Debtor as counsel.


VILLAGE OAKS SENIOR: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Village Oaks Senior Care, LLC
        1011 Saint Andrews Drive, Suite G
        El Dorado Hills, CA 95762

Business Description: The Debtor owns and operates community care
                      facilities for the elderly.

Chapter 11 Petition Date: May 21, 2024

Court: United States Bankruptcy Court
       Eastern District of California

Case No.: 24-22206

Judge: Hon. Christopher D. Jaime

Debtor's Counsel: D. Edward Hays, Esq.
                  MARSHACK HAYS WOOD LLP
                  870 Roosevelt
                  Irvine, CA 92620-3663
                  Tel: (949) 333-7777
                  Fax: (949) 333-7778
                  Email: ehays@marshackhays.com

Total Assets as of Dec. 31, 2023: $1,440,832

Total Liabilities as of Dec. 31, 2023: $3,369,013

The petition was signed by Benjamin L. Foulk as owner/manager.

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

https://www.pacermonitor.com/view/B2ZAM6A/Village_Oaks_Senior_Care_LLC__caebke-24-22206__0001.0.pdf?mcid=tGE4TAMA


VIVAKOR INC: Incurs $1.88 Million Net Loss in First Quarter
-----------------------------------------------------------
Vivakor, Inc., filed with the Securities and Exchange Commission
its Quarterly Report on Form 10-Q reporting a net loss attributable
to the Company of $1.88 million on $16.02 million of total revenues
for the three months ended March 31, 2024, compared to a net loss
attributable to the Company of $2.53 million on $15.54 million of
total revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $74.43 million in total
assets, $58.49 million in total liabilities, and $15.94 million in
total stockholders' equity.

Vivakor said, "We have historically suffered net losses and
cumulative negative cash flows from operations, and as of March 31,
2024, we had an accumulated deficit of approximately $67.8 million.
As of March 31, 2024 and 2023, we had a working capital deficit of
approximately $37 million and $6.4 million, respectively.  As of
March 31, 2024, we had cash of approximately $767 thousand.  As of
March 31, 2024, we have current obligations to pay approximately
$20.4 million of debt.  Of the $20.4 million, $15.3 million can be
satisfied through the issuance of registered common stock under the
terms of the debt.  These conditions raise substantial doubt about
the Company's ability to continue as a going concern.

"During the three months ended March 31, 2024, subject to available
cash flows, the Company continued to develop its technologies, its
strategy to monetize its intellectual properties and execute its
business plan.  To date we have financed our operations primarily
through debt financing, private and public equity offerings and our
working interest agreements.  For the fiscal year 2023 we raised
approximately $3 million through debt financings with individual
investors, $2.2 million through a sale lease back agreement, and
during the three months ended March 31, 2024, we raised an
additional $3 million through additional debt financing...The
Company entered into merger and acquisition agreements with
anticipated closing dates in 2024, which were disclosed with our
Form 10-K.  Even though these merger and acquisition transactions
are projected to close in 2024 and yield substantial cash flow that
may provide adequate working capital to finance its day-to-day
operations and current obligations, these events were not
considered probable as of March 31, 2024 because they have not
closed as of the date of our filing.

"Based on the above, we believe there is substantial doubt about
the Company's ability to continue as a going concern.  The Company
has prepared the consolidated financial statements on a going
concern basis.  If the Company encounters unforeseen circumstances
that place constraints on its capital resources, management will be
required to take various measures to conserve liquidity.
Management cannot provide any assurance that the Company will be
able to execute its plans to raise additional capital, close its
merger and acquisitions, or that its operations or business plan
will be profitable."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1450704/000182912624003562/vivakor_10q.htm

                          About Vivakor

Headquartered in Dallas, TX, Vivakor, Inc. --
http://www.vivakor.com/-- is a socially responsible operator,
acquirer and developer of technologies and assets in the oil and
gas industry, as well as related environmental solutions.
Currently, the Company's efforts are primarily focused on operating
crude oil gathering, storage and transportation facilities, as well
as contaminated soil remediation services.

Houston, Texas-based Marcum LLP, the Company's auditor since 2022,
issued a "going concern" qualification in its report dated April
16, 2024, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


WALLAROO'S FURNITURE: Wins Cash Collateral Access on Final Basis
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Utah authorized
Wallaroo's Furniture and Mattresses, LLC and affiliates to use cash
collateral, on a final basis, in accordance with the budget,
through July 29, 2024.

As previously reported by the Troubled Company Reporter, the Debtor
sought authorization to pay the April 4, 2024, payroll for the
period from March 21, 2024, through April 3, 2024 which includes
payment for the pre-petition period from the March 21, 2024 through
March 29, 2024.

None of the proposed payments to each individual exceeds $15,150.
The pre-petition wage claims are based on compensation earned
within 180 days of the petition date under the statutory cap,
entitling them to priority status pursuant to 11 U.S.C. Section
507(a)(4).

As part of the foregoing relief, the Debtor also sought
authorization to pay all federal and state withholding and
payroll-related taxes resulting from this pre-petition pay period.

The entities that assert an interest in the Debtor's cash
collateral are the U.S. Small Business Administration, UFS West,
Rowan Capital, Wynwood Capital, Bluevine Capital, and Backd.

As of the petition date, the Debtor's deposit accounts had a
balance of $3,148 and accounts receivables in the amount of
$379,651. On the date of the petition, the Debtor's cash collateral
was estimated to be valued at $382,799.

As adequate protection and for the Debtor's use of the cash
collateral, SBA, UFS West, Rowan Capital, Wynwood Capital, Bluevine
Capital Capital, Backd were granted replacement liens in the
Debtor's post-petition cash, accounts receivables, and the proceeds
of each of the foregoing, to the same extent and priority as any
duly perfected and unavoidable liens in cash collateral held by the
Secured Creditor as of the Petition Date.

A copy of the order is available at https://urlcurt.com/u?l=d1b6zr
from PacerMonitor.com.

          About Wallaroo's Furniture and Mattresses LLC

Wallaroo's Furniture and Mattresses LLC specializes in offering a
wide selection of high-end furniture and mattresses.

The Debtor sought protection under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Utah Case No. 24-21395) on March 29,
2024. In the petition signed by Nathan Chetrit, managing member,
the Debtor disclosed up to $50,000 in assets and up to $10 million
in liabilities.

Judge Joel T. Marker oversees the case.

Geoffrey L. Chesnut, Esq., at RED ROCK LEGAL SERVICES, PLLC,
represents the Debtor as legal counsel.


WATERBURY CHARLEYS: Taps Morrison-Tenenbaum as Bankruptcy Counsel
-----------------------------------------------------------------
Waterbury Charleys Philly Steaks Inc. seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire
Morrison-Tenenbaum, PLLC as its counsel.

The firm's services include:

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

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

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

     d. preparing legal papers;

     e. appearing before the bankruptcy court; and

     f. providing other legal services that may be necessary and
proper for an effective reorganization.

The firm will be paid at these rates:

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

The firm received a retainer fee of $7,631.

As disclosed in court filings, Morrison-Tenenbaum is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy Code.

Morrison-Tenenbaum can be reached through:

     Lawrence F. Morrison, Esq.
     Brian J. Hufnagel, Esq.
     Morrison-Tenenbaum, PLLC
     87 Walker Street, Floor 2
     New York, NY 10013
     Tel: (212) 620-0938
     Email: lmorrison@m-t-law.com
     Email: bjhufnagel@m-t-law.com

          About Waterbury Charleys Philly Steaks

Waterbury Charleys Philly Steaks Inc. filed its voluntary petition
for relief under Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y.
Case No. 24-40803) on February 22, 2024, listing $50,001 to
$100,000 in both assets and liabilities. Lawrence F. Morrison, Esq.
at Morrison-Tenenbaum, PLLC represents the Debtor as its counsel.


WEISS MULTI-STRATEGY: Taps Gama Gloria as Litigation Counsel
------------------------------------------------------------
Weiss Multi-Strategy Advisors LLC and its affiliates seek approval
from the U.S. Bankruptcy Court for the Southern District of New
York to employ Gama Gloria as their special litigation counsel.

The firm will render these services:

     (a) represent the Portuguese Bond Debtors in litigation before
the Portuguese courts seeking the recovery of capital, interest,
damages and costs related to the decision of the Bank of Portugal,
dated Dec 29, 2015, to retransfer bonds issued by Novo Banco to
BES;

     (b) advise the Portuguese Bond Debtors in connection with
negotiations for the out of court settlement of claims;

     (c) monitor the court filings, similar cases and overall
context of the dispute; and

     (d) perform such other legal services as may be required
and/or deemed to be in the interests of the Portuguese Bond Debtors
in accordance with their powers and duties as set forth in the
Bankruptcy Code.  

Gama Gloria will receive compensation on a blended hourly fee of
$216The following is provided in response to the request for
additional information set forth in Paragraph D.1. of the Large
Case Guidelines:

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

   Answer: Yes, we have suggested a blended hourly rate of $216
(EUR 200) per hour as a means to simplify the billing process and
because we do not expect significant involvement of senior lawyers
in the immediate future as we do not expect the cases where we
represent the clients to be heard in the immediate future. There
will be procedural matters and incidental filings to be made as a
result of decisions in related cases, where we may have to respond
for requests for comments by the court on those related decisions.

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

   Answer: No.

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

   Answer: In the previous 12 months we have billed the client on
the basis of a blended hourly rate of $216 (EUR200) per hour. There
is no difference from the proposed billing rates postpetition as
the nature of the work did not significantly change.

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

   Answer: Yes, the Portuguese Bond Debtors have approved the
prospective budget and staffing plan for the period from April 29,
2024 to July 31, 2024 recognizing that in the course of large
chapter 11 cases it is possible that there may be a number of
unforeseen fees and expenses that will need to be addressed by the
Portuguese Bond Debtors and Gama Gloria.

Andre Judice Gloria, an attorney at law at Gama Gloria, assured the
court that his firm is a "disinterested person" within the meaning
of 11 U.S.C. 101(14).

The firm can be reached through:

     Andre Judice Gloria
     Gama Gloria
     Rua Alexandre Herculano, 38 - 4
     Lisbon, 1250-011
     Portugal +351 21

         About Weiss Multi-Strategy Advisers

Weiss Multi-Strategy Advisers LLC filed a voluntary petition for
relief under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 24-10743) on Apr. 29, 2024. In the petition signed by
George Weiss, manager, the Debtor disclosed $10 million to $50
million in assets and $100 million to $500 million in liabilities.

Judge Martin Glenn oversees the case.

The Debtor tapped Tracy L. Klestadt, Esq., at Klestadt Winters
Jureller Southard & Stevens, LLP as counsel and Omni Agent
Solutions, Inc. as claims and noticing agent.


WELLPATH HOLDINGS: Ares Capital Marks $12.2MM Loan at 21% Off
-------------------------------------------------------------
Ares Capital Corporation has marked its $12.2 million loan extended
to Wellpath Holdings, Inc to market at $4.9 million or 79% of the
outstanding amount, as of March 31, 2024, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured Loan
to Wellpath Holdings, Inc. The loan accrues interest at a rate of
11.32% (SOFR (Q) +5.50%) per annum. The loan matures in October
2025.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Wellpath Holdings, headquartered in Nashville, Tennessee, provides
medical, dental, and behavioral health services to patients in
local detention facilities, federal and state prisons and
behavioral healthcare facilities. Wellpath is privately owned by
H.I.G. Capital.  



WELLPATH HOLDINGS: Ares Capital Marks $6.2MM Loan at 21% Off
------------------------------------------------------------
Ares Capital Corporation has marked its $6.2 million loan extended
to Wellpath Holdings, Inc to market at $4.9 million or 79% of the
outstanding amount, as of March 31, 2024, according to a disclosure
contained in Ares Capital's Form 10-Q for the quarterly period
ended March 31, 2024, filed with the Securities and Exchange
Commission.

Ares Capital is a participant in a First Lien Senior Secured
Revolving Loan to Wellpath Holdings, Inc. The loan accrues interest
at a rate of 11.07% (SOFR (Q) +5.25%)per annum. The loan was
scheduled to mature in October 2024.

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

Ares Capital is led by R. Kipp deVeer, Chief Executive Officer; and
Scott C. Lem, Chief Financial Officer. The fund can be reach
through:

     R. Kipp deVeer
     Ares Capital Corporation
     245 Park Avenue, 44th Floor
     New York, NY 10167
     Tel: (212) 750-7300

Wellpath Holdings, headquartered in Nashville, Tennessee, provides
medical, dental, and behavioral health services to patients in
local detention facilities, federal and state prisons and
behavioral healthcare facilities. Wellpath is privately owned by
H.I.G. Capital.



WILLIAMSBRIDGE-3067 REALTY: Taps Petroff Amshen as Legal Counsel
----------------------------------------------------------------
Williamsbridge-3067 Realty LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of New York to hire
Petroff Amshen LLP as its counsel.

The firm will render these services:

     (a) analyse the Debtor's financial situation, and rendering
advice to the Debtor in determining whether to file a petition in
bankruptcy;

     (b) prepare and file of any petition, schedules, statement of
affairs, disclosure statement and plan which may be required;

     (c) counsel the Debtor with regard to the Debtor's rights and
obligations as a Debtor in Possession;

     (d) represent the Debtor at the meeting of creditors and
confirmation hearing, and any adjourned hearings thereof;

     (e) assist the Debtor in administering Debtor's Chapter 11
case;

     (f) make such motions or taking such action as may be
appropriate or necessary under the Bankruptcy Code;

     (g) take such steps as may be necessary for Debtor to marshal
and protect the estate's assets;

     (h) negotiate with Debtor's creditors in formulating a plan of
reorganization for Debtor in this case;

     (i) draft and prosecute of the confirmation of Debtor's plan
of reorganization in this case; and

     (j) render such additional services as Debtor may require in
this case.

Petroff Amshen will be paid at these hourly rates:

     Attorneys                   $375
     Paraprofessionals           $150

Petroff Amshen will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Steven Amshen, partner of Petroff Amshen LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Petroff Amshen can be reached at:

     Steven Amshen, Esq.
     PETROFF AMSHEN LLP
     1795 Coney Island Avenue, Suite 3
     Brooklyn, NY 11230
     Telephone: (718) 336-4200

               About Williamsbridge-3067 Realty

Williamsbridge-3067 Realty LLC sought protection for relief under
Chapter 11 of the Bankruptcy Code (Bankr. E.D.N.Y. Case No.
24-41971) on May 9, 2024, listing $500,001 to $1 million in both
assets and liabilities. Steven Amshen, Esq. at Petroff Amshen, LLP
represents the Debtor as counsel.


WINDSTREAM HOLDINGS: Uniti Group Buys Company for $1 Billion
------------------------------------------------------------
Uniti Group Inc. (Nasdaq: UNIT) announced May 3, 2024, that it has
entered into a definitive agreement to merge with Windstream
Holdings II, LLC.  Under the terms of the agreement, which have
been unanimously approved by both companies' Board of Directors,
upon closing, Uniti shareholders will hold approximately 62% of the
outstanding common equity of the combined company and Windstream
shareholders will hold approximately 38% of the outstanding common
equity.

The merger combines Uniti's national wholesale owned fiber network
with Windstream's fiber-to-the-home ("FTTH") business to create a
premier insurgent fiber provider in the U.S. We believe the
combined company, with its scaled facilities-based infrastructure
platform, will be uniquely positioned within Tier II and III
markets throughout the U.S.  "As a combined company, we will
continue our disciplined growth trajectory while expanding FTTH
buildouts and significantly improving our overall financial
profile.  The demand for fiber broadband has never been greater,
and Uniti is now expanding its reach into FTTH with an attractive
scaled platform.  The combination of Uniti and Windstream also
removes several dis-synergies that exist in the current
landlord/tenant relationship and greatly enhances Uniti's
optionality for strategic initiatives.  We look forward to working
with Windstream to create a national fiber powerhouse that will
continue to bridge the digital divide for our customers," commented
President and Chief Executive Officer of Uniti, Kenny Gunderman.

Johannes Weber, Portfolio Manager at Elliott Investment Management,
Windstream's largest shareholder, added, "As one of the largest
investors in both Uniti and Windstream, we are pleased to support
this combination, which has a compelling strategic rationale and
creates a significant opportunity for enhanced value creation.  We
are confident that given Uniti's focused strategy, unique
positioning and a proven management team that will draw on leaders
from both organizations, the combined company will be well
positioned to deliver on its potential."

Strategic and Financial Benefits of the Combination

    Premier Digital Infrastructure Company: The merger of Uniti and
Windstream combines Uniti's national wholesale owned network with
Windstream's FTTH business. The combined company will initially
serve over 1.1 million customers and 1.5 million existing homes
passed with a particularly strong presence in the Midwest and
Southeast. Uniti will be well-positioned in the large and growing
market for digital infrastructure services, particularly in Tier II
and III markets, with a highly defensible market position as a
first mover fiber builder.

    Compelling Financial Profile with Enhanced Cash Flow
Generation: The combined company expects to benefit from an
enhanced free cash flow profile, with the ability to expand its
FTTH build by up to 1 million additional households. The
transaction is expected to be free cash flow accretive following
close and will realize additional free cash flow accretion as
synergies are achieved.

    Aligns Capital Allocation Objectives and Delivers Meaningful
Synergies: The combination is expected to remove several
dis-synergies which exist in the current landlord/tenant
relationship, as well as any potential risk to the renewal of the
master leases scheduled to occur in 2030. It also aligns the two
companies' capital allocation objectives to improve focus and drive
results. The combination is anticipated to generate up to $100
million of targeted annual opex synergies and $20-$30 million of
targeted annual capex savings within 36 months of closing.

    De-levered Balance Sheet: Net leverage at year-end 2023 for the
combined company is 4.8x, which is a significant improvement over
Uniti's year-end net leverage of 6.0x, with growth and free cash
flow generation expected to improve the combined company’s
leverage trajectory over time. Both companies' current debt silos
are expected to initially remain in place following closing.

    Enhanced Strategic Optionality: With a scaled national platform
and high-quality fiber portfolio, the additional value creation
from this transaction greatly increases Uniti’s optionality for
strategic initiatives.

Transaction Terms

Under the terms of the agreement, Uniti shareholders will receive
approximately 62% of the outstanding common equity of the combined
company.  Windstream shareholders will receive $425 million of
cash, $575 million of preferred equity in the new combined company,
and common shares representing approximately 38% of the outstanding
common equity of the combined company. Windstream shareholders will
additionally receive non-voting warrants to acquire up to 6.9% of
common shares of the combined company. Uniti expects to fund the
$425 million of cash consideration to shareholders of Windstream
from operations, revolver borrowings and/or future capital markets
transactions. Certain of Windstream's largest shareholders,
including Elliott, which is also a current holder of Uniti's equity
and debt, will be rolling substantially all of their investment
value in Windstream into the combined company. The transaction
structure allows both companies' existing debt structures to remain
in-place at closing, reducing financing requirements and costs.

Leadership, Corporate Governance and Headquarters

The combined company will be led by a proven management team that
reflects the strengths and capabilities of both organizations.
Upon closing of this transaction, the combined company will be led
by Kenny Gunderman, Uniti's Chief Executive Officer, and Paul
Bullington, Uniti's Chief Financial Officer.  Certain key members
of Windstream's management team are expected to remain with the
combined company as well.  The combined company will continue to
operate as Uniti under the ticker "UNIT" and be headquartered in
Little Rock, Arkansas.

Following the close of the transaction, the 5-person Uniti Board of
Directors (the "Board") will remain in place and four new directors
will join the board of the combined company, with two of those
directors selected by Elliott and the remaining two directors
jointly selected by Uniti and Elliott.

Transaction Timing and Approvals

The merger is expected to close in the second half of 2025, subject
to the satisfaction of customary closing conditions, including
receipt of regulatory approvals and approval by Uniti
shareholders.

Advisors

Bank Street Group LLC, Barclays, Centerview Partners, and Citi are
acting as co-financial advisors to Uniti. J.P. Morgan and Stephens
Inc. each acted as financial advisors to Uniti’s Board and
provided fairness opinions. Davis Polk & Wardwell LLP is acting as
legal counsel to Uniti. Goldman Sachs & Co. LLC and Morgan Stanley
& Co. LLC are acting as financial advisors to Windstream. Debevoise
& Plimpton LLP is acting as legal counsel to Windstream.


                   About Windstream Holdings

Windstream Holdings, Inc., and its subsidiaries provide advanced
network communications and technology solutions for businesses
across the United States. They also offer broadband, entertainment
and security solutions to consumers and small businesses primarily
in rural areas in 18 states.

Windstream Holding Inc. and its subsidiaries filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 19-22312) on Feb. 25,
2019.

The Debtors had total assets of $13,126,435,000 and total debt of
$11,199,070,000 as of Jan. 31, 2019.

The Debtors tapped Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as counsel; PJT Partners LP as financial advisor
and investment banker; Alvarez & Marsal North America LLC as
restructuring advisor; and Kurtzman Carson Consultants as notice
and claims agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 12, 2019. The committee tapped
Morrison & Foerster LLP as its legal counsel, AlixPartners, LLP, as
its financial advisor, and Perella Weinberg Partners LP as
investment banker.


WINWOOD-HOMOSASSA 2: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Winwood-Homosassa 2, LLC
        957 Lorraine Drive
        Franklin Square, NY 11010

Business Description: Winwood-Homosassa 2 is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).  The Debtor owns a
                      commercial Property (former Location of
                      CVS Pharmacy) located at 3959 S Suncoast
                      Blvd Homosassa, FL valued at $1 million
                      (Debtor's estimate based on broker
                      consultation).

Chapter 11 Petition Date: May 22, 2024

Court: United States bankruptcy Court
       Eastern District of New York

Case No.: 24-71956

Judge: Hon. Alan S. Trust

Debtor's Counsel: H Bruce Bronson, Esq.
                  BRONSON LAW OFFICES PC
                  480 Mamaroneck Ave
                  Harrison, NY 10528-1621
                  Tel: (914) 269-2530
                  Fax: (888) 908-6906
                  Email: hbbronson@bronsonlaw.net

Total Assets: $1,000,560

Total Liabilities: $2,500,000

The petition was signed by Paul Amato, Managing Member of the
Managing Member.

The Debtor indicated it has no unsecured creditors.

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

https://www.pacermonitor.com/view/MNZVPEQ/Winwood-Homosassa_2_LLC__nyebke-24-71956__0001.0.pdf?mcid=tGE4TAMA


WINWOOD-HOMOSASSA 3: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Winwood-Homosassa 3, LLC
        957 Lorraine Drive
        Franklin Square, NY 11010

Business Description: Winwood-Homosassa 3 is a Single Asset Real
                      Estate debtor (as defined in 11 U.S.C.
                      Section 101(51B)).  The Debtor is the owner
                      of a real property located at 3959 South
                      Suncoast Blvd., Homosassa, FL valued at
                      $1 million, based on Debtor's estimation
                      in consultation with broker.

Chapter 11 Petition Date: May 22, 2024

Court: United States Bankruptcy Court
       Eastern District of New York

Case No.: 24-71954

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: H Bruce Bronson, Esq.
                  BRONSON LAW OFFICES PC
                  480 Mamaroneck Ave
                  Harrison, NY 10528-1621
                  Tel: (914) 269-2530
                  Fax: (888) 908-6906
                  E-mail: hbbronson@bronsonlaw.net

Total Assets: $1,000,560

Total Liabilities: $2,500,000

The petition was signed by Enzo Bonura, Managing Member of the
Managing Member.

The Debtor indicated it has no unsecured creditors.

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

https://www.pacermonitor.com/view/P3FSSGI/Winwood-Homosassa_3_LLC__nyebke-24-71954__0001.0.pdf?mcid=tGE4TAMA


WISA TECHNOLOGIES: Posts $2.71 Million Net Income in First Quarter
------------------------------------------------------------------
WISA Technologies, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting net income
of $2.71 million on $255,000 of net revenue for the three months
ended March 31, 2024, compared to a net loss of $921,000 on
$469,000 of net revenue for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $6.93 million in total
assets, $9.60 million in total liabilities, and a total
stockholders' deficit of $2.67 million.

WISA said, "Based on current operating levels, the Company will
need to raise additional funds in the next 12 months by selling
additional equity or incurring debt.  To date, the Company has
funded its operations primarily through sales of its securities in
public and private markets, proceeds from the exercise of warrants
to purchase common stock and the sale of convertible notes.
Additionally, future capital requirements will depend on many
factors, including the rate of revenue growth, the selling price of
the Company's products, the expansion of sales and marketing
activities, the timing and extent of spending on research and
development efforts and the continuing market acceptance of the
Company's products.  These factors raise substantial doubt about
the Company's ability to continue as a going concern for the twelve
months from the date of this Report.

"Management of the Company intends to raise additional funds
through the issuance of equity securities or debt.  There can be no
assurance that, in the event the Company requires additional
financing, such financing will be available at terms acceptable to
the Company, if at all.  Failure to generate sufficient cash flows
from operations, raise additional capital and reduce discretionary
spending could have a material adverse effect on the Company's
ability to achieve its intended business objectives.  As a result,
the substantial doubt about the Company's ability to continue as a
going concern has not been alleviated."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1682149/000141057824000930/wisa-20240331x10q.htm

                    About WiSA Technologies

WiSA Technologies, Inc. (NASDAQ: WISA) is a provider of immersive,
wireless sound technology for intelligent devices and
next-generation home entertainment systems.  Working with leading
CE brands and manufac urers such as Harman International, a
division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin
Audio; and others, the company delivers immersive wireless sound
experiences for high-definition content, including movies and
video, music, sports, gaming/esports, and more. WiSA Technologies,
Inc. is a founding member of WiSA (the Wireless Speaker and Audio
Association) whose mission is to define wireless audio
interoperability standards as well as work with leading consumer
electronics companies, technology providers, retailers, and
ecosystem partners to evangelize and market spatial audio
technologies driven by WiSA Technologies, Inc. The company is
headquartered in Beaverton, OR with sales teams in Taiwan, China,
Japan, Korea, and California.

San Jose, California-based BPM LLP, the Company's auditor since
2016, issued a "going concern" qualification in its report dated
April 1, 2024, citing that the Company's recurring losses from
operations, a net capital deficiency, available cash and cash used
in operations raise substantial doubt about its ability to continue
as a going concern.


WORKHORSE GROUP: Incurs $29.2 Million Net Loss in First Quarter
---------------------------------------------------------------
Workhorse Group Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
of $29.16 million on $1.34 million of sales for the three months
ended March 31, 2024, compared to a net loss of $25 million on
$1.69 million of sales for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $113.87 million in total
assets, $46.45 million in total liabilities, and $67.42 million in
total stockholders' equity.

Workhorse Group said, "As a result of our recurring losses from
operations, accumulated deficit, projected capital needs, and
delays in bringing our vehicles to market and lower than expected
market demand, substantial doubt exists regarding our ability to
continue as a going concern within one year after the issuance date
of the accompanying condensed consolidated financial statements.
Our ability to continue as a going concern is contingent upon
successful execution of management's intended plan over the next
twelve months to improve the Company's liquidity and working
capital, which includes, but is not limited to:

   * Generating revenue by increasing sales of our vehicles and
     other services.

   * Reducing expenses and limiting non-contracted capital
     expenditures.

   * Raising capital to fund operations through the issuance of
debt
     or equity securities, including through our 2024 Securities
     Purchase Agreement (as defined below) and our At-the-Market
     Sales Agreement ("ATM Agreement"), the sale of assets, or
other
     strategic transactions.

"It is essential that we have access to capital as we bring our
existing line of vehicles to market, scale up production and sales
of such vehicles and continue to develop additional variations of
our existing vehicles and our next generation of vehicles.  There
is no assurance that we will be successful in implementing
management's plans to generate liquidity to fund these activities
or other aspects of our short and long-term strategy, that our
projections of our future capital needs will prove accurate or that
any additional funding would be available or sufficient to continue
operations in future periods."

Management Commentary

"During the first quarter, we took important strategic and
financial actions to better position Workhorse for the future while
continuing to hit major milestones," said Workhorse CEO Rick Dauch.
"Our successful W56 demonstrations with dealers and fleet
operators continue to affirm the strong market potential of our
commercial EV trucks.  This April, we celebrated a major milestone
with a substantial order for our W4 CC trucks and expanded our
dealer network to include new locations in New York and a set of
dealership locations across the upper Midwest region."

Mr. Dauch continued, "While we are pleased with our recent
progress, we proactively took steps this quarter to preserve cash
and extend our financial runway.  We recently closed a financing
transaction that provides liquidity in both the short term and over
time, enabling us to continue our transition from a technology
start-up into a successful commercial EV OEM.  We have taken
aggressive cost reduction actions across the organization,
including a 20% reduction in force and throttling capacity at Union
City by temporarily furloughing the team there, matching our
resources and production demands until our financial and operating
position permits."

Mr. Dauch concluded, "The transition to EV technology in the
commercial truck and last-mile segment is taking place, although
like any change, it will not happen overnight.  While we've
experienced delays, we believe the transition is underway, and we
will continue taking decisive steps to succeed in the market and
drive value for our stockholders.  We have proven our product in
the market, and we have the pieces in place to continue advancing
our roadmap and capture the significant opportunities ahead."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1425287/000142528724000101/wkhs-20240331.htm

                      About Workhorse Group

Headquartered in Sharonville, Ohio, Workhorse Group Inc. --
http://www.workhorse.com/-- is an American technology company with
a vision to pioneer the transition to zero-emission commercial
vehicles.  The Company designs, develops, manufactures and sells
fully electric ground and air-based electric vehicles.

Cincinnati, Ohio-based Grant Thornton LLP, the Company's auditor
since 2018, issued a "going concern" qualification in its report
dated March 12, 2024, citing that he Company incurred a net loss of
$123.9 million and used $123.0 million of cash in operating
activities during the year ended Dec. 31, 2023, and as of that
date, the Company had total working capital of $40.5 million,
including $25.8 million of cash and cash equivalents, and an
accumulated deficit of $751.6 million.  These conditions, along
with the other matters, raise substantial doubt about the Company's
ability to continue as a going concern.


XTI AEROSPACE: Reports $2.66 Million Net Loss in First Quarter
--------------------------------------------------------------
XTI Aerospace, Inc. filed with the Securities and Exchange
Commission its Quarterly Report on Form 10-Q reporting a net loss
attributable to common stockholders of $2.66 million on $220,000 of
revenues for the three months ended March 31, 2024, compared to a
net loss attributable to common stockholders of $1.57 million on $0
of revenues for the three months ended March 31, 2023.

As of March 31, 2024, the Company had $30.78 million in total
assets, $17.12 million in total liabilities, and $13.67 million in
total stockholders' equity.

XTI Aerospace stated, "The Company's recurring losses and
utilization of cash in its operations are indicators of going
concern.  The Company's condensed consolidated financial statements
as of three months ended March 31, 2024 and 2023 have been prepared
under the assumption that the Company will continue as a going
concern for the next twelve months from the date the financial
statements are issued.  Management's plans and assessment of the
probability that such plans will mitigate and alleviate any
substantial doubt about the Company's ability to continue as a
going concern is dependent upon the ability to obtain additional
equity or debt financing, and attain further operating efficiency,
which together represent the principal conditions that raise
substantial doubt about our ability to continue as a going concern.
The Company's condensed consolidated financial statements as of
and for the three months ended March 31, 2024 and 2023 do not
include any adjustments that might result from the outcome of this
uncertainty."

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

https://www.sec.gov/ix?doc=/Archives/edgar/data/1529113/000162828024024396/inpx-20240331.htm

                       About XTI Aerospace

Headquartered in Englewood, Colorado, XTI Aerospace, Inc. is
developing a vertical takeoff and landing ("VTOL") aircraft that
takes off and lands like a helicopter and cruises like a fixed-wing
business aircraft.  The Company believes its initial configuration,
the TriFan 600, will be one of the first civilian fixed-wing VTOL
aircraft that offers the speed and comfort of a business aircraft
and the range and versatility of VTOL for a wide range of customer
applications, including private aviation for business and high net
worth individuals, emergency medical services, and commuter and
regional air travel.  Since 2013, the Company has been engaged
primarily in developing the design and engineering concepts for the
TriFan 600, building and testing a two-thirds scale unmanned
version of the TriFan 600, generating pre-orders for the TriFan
600, and seeking funds from investors to enable the Company to
build full-scale piloted prototypes of the TriFan 600, and to
eventually engage in commercial development of the TriFan 600.

New York, NY-based Marcum LLP, the Company's auditor since 2012,
issued a "going concern" qualification in its report dated April
16, 2024, citing that the Company has a significant working capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations. These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


YELLOW CORP: Michelin North America Steps Down as Committee Member
------------------------------------------------------------------
The U.S. Trustee for Region 3 disclosed in a court filing the
resignation of Michelin North America, Inc. from the official
committee of unsecured creditors in the Chapter 11 cases of Yellow
Corporation and its affiliates.

The remaining members of the committee are:

     1. BNSF Railway
        Attn: Jill Rugema
        2500 Lou Menk Drive
        Forth Worth, TX
        Phone: 817-352-2359
        Email: jill.rugema@bnsf.com

     2. Daimler Trucks, N.A.
        Attn: Kirstin Abel
        4555 North Channel Ave.
        Portland, OR 97217
        Phone: 503-745-9040
        Email: kirstin.abel@daimlertruck.com

     3. RFT Logistics LLC
        Attn: Chris Mejia
        14439 NW Military Hwy, Ste 108-607
        San Antonio, TX 78231
        Phone 512-999-1979
        Email: chris.mejia@rftlogistics.com

     4. Pension Benefit Guaranty Corporation
        445 12th St. S.W.
        Washington, DC 20024
        Attn: Sven V. Serspinski and Donika Hristova
        Phone: 202-229-3516
        Email: Serspinski.Sven@pbgc.gov
               Hristova.Donika@pbgc.gov

     5. International Brotherhood of Teamsters
        Attn: Fred Zuckerman
        25 Louisiana Avenue, N.W.
        Washington, DC 20001
        Phone: 202-628-6800
        Email: fzuckerman@teamster.org

     6. Central States, Southeast and Southwest Areas Pension Fund
       8647 W. Higgins Road, Floor 8
        Chicago, IL 60631
        Phone 847-939-2478
        Email: bberline@centralstatesfunds.org

     7. New York State Teamsters Pension and Health Funds
        Attn: Kenneth R. Stilwell
        P.O. Box 4929
        Syracuse, NY 13221-4928
        Phone 315-455-4640
        Email: krgstil@nytfund.org

     8. Mr. Armando Rivera
        c/o Raisner Roupinian LLP
        270 Madison Ave., Suite 1801
        New York, NY 10016
        Phone: 212-221-1747
        Email: rsr@raisnerroupinian.com

                     About Yellow Corporation

Yellow Corporation -- www.myyellow.com -- operates logistics and
less-than-truckload (LTL) networks in North America, providing
customers with regional, national, and international shipping
services throughout. Yellow's principal office is in Nashville,
Tenn., and is the holding company for a portfolio of LTL brands
including Holland, New Penn, Reddaway, and YRC Freight, as well as
the logistics company Yellow Logistics.

Yellow Corporation and 23 affiliates concurrently filed voluntary
petitions for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Del. Lead Case No. 23-11069) on August 6, 2023, before
the Hon. Craig T. Goldblatt. As of March 31, 2023, Yellow Corp. had
$2,152,200,000 in total assets against $2,588,800,000 in total
liabilities. The petitions were signed by Matthew A. Doheny as
chief restructuring officer.

The Debtors tapped Kirkland & Ellis LLP as restructuring counsel;
Pachulski Stang Ziehl & Jones LLP as Delaware local counsel;
Kasowitz, Benson and Torres LLP as special litigation counsel;
Goodmans LLP as special Canadian counsel; Ducera Partners LLC as
investment banker; and Alvarez and Marsal as financial advisor.
Epiq Bankruptcy Solutions serves as claims and noticing agent.

Milbank LLP serves as counsel to certain investment funds and
accounts managed by affiliates of Apollo Capital Management, L.P.

White & Case LLP serves as counsel to Beal Bank USA.

Arnold & Porter Kaye Scholer LLP serves as counsel to the United
States Department of the Treasury.

On August 16, 2023, the United States Trustee for Region 3
appointed an official committee of unsecured creditors in these
Chapter 11 cases. The committee tapped Akin Gump Strauss Hauer &
Feld LLP and Benesch, Friedlander, Coplan & Aronoff LLP as counsel;
Miller Buckfire as investment banker; and Huron Consulting Services
LLC as financial advisor.


[*] Bankruptcy Filings Up 16% for 12 Months Ending March 31
-----------------------------------------------------------
Bridgetower Media Newswires reports that bankruptcy filings rose 16
percent during the 12-month period ending March 31, 2024, according
to the latest data released by the U.S. Judiciary.

The Administrative Office of the U.S. Courts in its summary of the
latest case filing figures described the rise as a "similar rate of
acceleration" as in the Dec. 31, 2023, quarterly report.

"[B]ut new bankruptcy cases remain significantly lower than before
the start of the coronavirus pandemic," the agency added.

According to the federal judiciary's data, total filings rose to
467,774 new cases for the 12-month period ending March 31, 2024.
The agency had reported a total of 403,273 new cases during the
12-month period ending March 31, 2023.

Business filings increased 40.4 percent, from 14,467 in the March
31, 2023, quarterly report to the 20,316 new business cases during
the latest reporting period. Non-business filings rose 15.1
percent, from 388,806 in the March 2023 quarterly report to the
447,458 in the March 2024 report.

"This year's 12-month filing total for the quarter ending March 31
is nearly three-fifths of the total reported in March 2020, when
the pandemic disrupted the U.S. economy," the agency said. "That
year’s 12-month total was 764,282."


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------

In re Gladney Johnson
   Bankr. C.D. Cal. Case No. 24-13759
      Chapter 11 Petition filed May 14, 2024

In re Alireza Moheb
   Bankr. N.D. Cal. Case No. 24-40713
      Chapter 11 Petition filed May 14, 2024

In re Procom Services, Inc.
   Bankr. M.D. Fla. Case No. 24-02414
      Chapter 11 Petition filed May 14, 2024
         See
https://www.pacermonitor.com/view/ZDVRXBY/Procom_Services_Inc__flmbke-24-02414__0001.0.pdf?mcid=tGE4TAMA
         represented by: Jeffrey S. Ainsworth, Esq.
                         BRANSONLAW, PLLC
                         E-mail: jeff@bransonlaw.com

In re A-1 Brantley Waste Management, LLC
   Bankr. M.D. Ga. Case No. 24-10448
      Chapter 11 Petition filed May 14, 2024
         See
https://www.pacermonitor.com/view/H7BIS2Y/A-1_Brantley_Waste_Management__gambke-24-10448__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Ronald Cain
   Bankr. N.D. Ill. Case No. 24-07158
      Chapter 11 Petition filed May 14, 2024
         represented by: John F. Hiltz, Esq.
                         HILTZ ZANZIG & HELLIGMAN LLC
                         E-mail: jhiltz@hzhlaw.com

In re Santiago Quezada, Sr.
   Bankr. S.D.N.Y. Case No. 24-22431
      Chapter 11 Petition filed May 14, 2024
         represented by: Norma Ortiz, Esq.

In re Paul Chadwick Allman, Sr.
   Bankr. D.S.C. Case No. 24-01737
      Chapter 11 Petition filed May 14, 2024
         represented by: Christine Brimm, Esq.
                         BARTON BRIMM, PA

In re Broken Arrow Construction LLC
   Bankr. S.D. Tex. Case No. 24-32248
      Chapter 11 Petition filed May 14, 2024
         See
https://www.pacermonitor.com/view/BVBO2DY/BROKEN_ARROW_CONSTRUCTION_LLC__txsbke-24-32248__0001.0.pdf?mcid=tGE4TAMA
         represented by: Robert C Lane, Esq.
                         THE LANE LAW FIRM
                         E-mail: notifications@lanelaw.com

In re Douglas Gordan Stephens
   Bankr. E.D. Wash. Case No. 24-00785
      Chapter 11 Petition filed May 14, 2024
         represented by: Kevin ORourke, Esq.
                         SOUTHWELL & O'ROURKE, P.S.

In re Tiffany Chou
   Bankr. N.D. Cal. Case No. 24-30354
      Chapter 11 Petition filed May 15, 2024
         represented by: Lewis Phon, Esq.

In re Kimberly Marie Bacon
   Bankr. D. Colo. Case No. 24-12612
      Chapter 11 Petition filed May 15, 2024

In re Ralph Victor Taglia
   Bankr. M.D. Fla. Case No. 24-02421
      Chapter 11 Petition filed May 15, 2024
         represented by: Daniel Fogarty, Esq.

In re Ronald Gary Wilson
   Bankr. N.D. Fla. Case No. 24-40196
      Chapter 11 Petition filed May 15, 2024
         represented by: Byron Wright, Esq.

In re 365 Macon St Holdings Corp
   Bankr. E.D.N.Y. Case No. 24-42045
      Chapter 11 Petition filed May 15, 2024
         See
https://www.pacermonitor.com/view/F6C34FQ/365_Macon_St_Holdings_Corp__nyebke-24-42045__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Shrog Realty Partners LLC
   Bankr. E.D.N.Y. Case No. 24-42039
      Chapter 11 Petition filed May 15, 2024
         See
https://www.pacermonitor.com/view/FNI53HY/Shrog_Realty_Partners_LLC__nyebke-24-42039__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Hibbler Holdings, LLC
   Bankr. W.D. Tenn. Case No. 24-22305
      Chapter 11 Petition filed May 15, 2024
         See
https://www.pacermonitor.com/view/X6FM5SQ/Hibbler_Holdings_LLC__tnwbke-24-22305__0001.0.pdf?mcid=tGE4TAMA
         represented by: Steven N. Douglass, Esq.
                         HARRIS SHELTON, PLLC

In re Hutchens Perry Enterprises Inc.
   Bankr. W.D. Ark. Case No. 24-70811
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/INIOPII/Hutchens_Perry_Enterprises_Inc__arwbke-24-70811__0001.0.pdf?mcid=tGE4TAMA
         represented by: Stanley V. Bond, Esq.
                         BOND LAW OFFICE
                         E-mail: attybond@me.com

In re William T. Romanowski and Julie I. Romanowski
   Bankr. N.D. Cal. Case No. 24-40726
      Chapter 11 Petition filed May 16, 2024
         represented by: Miles Woodlief, Esq.

In re DNC and TCPA List Sanitizer, LLC
   Bankr. D. Colo. Case No. 24-12624
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/5MCLT7Q/DNC_and_TCPA_LIST_SANITIZER_LLC__cobke-24-12624__0001.0.pdf?mcid=tGE4TAMA
         represented by: John Cimino, Esq.
                         CIMINO LAW OFFICE LLC
                         E-mail: jc925ave@yahoo.com

In re 1708 S. Racine LLC
   Bankr. N.D. Ill. Case No. 24-07345
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/RAKJ4GI/1708_S_Racine_LLC__ilnbke-24-07345__0001.0.pdf?mcid=tGE4TAMA
         represented by: John F. Hiltz, Esq.
                         HILTZ ZANZIG & HEILIGMAN LLC
                         E-mail: jhiltz@hzhlaw.com

In re BMI Y.S., LLC
   Bankr. D. Md. Case No. 24-14214
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/Q6333NY/BMI_YS_LLC__mdbke-24-14214__0001.0.pdf?mcid=tGE4TAMA
         represented by: Kevin R. Feig, Esq.
                         MCNAMEE HOSEA, P.A.
                         E-mail: kfeig@mhlawyers.com

In re Citizenex LLC
   Bankr. D. Nev. Case No. 24-12418
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/OQHCNBI/CITIZENEX_LLC__nvbke-24-12418__0001.0.pdf?mcid=tGE4TAMA
         represented by: David A. Riggi, Esq.
                         RIGGI LAW FIRM
                         E-mail: riggilaw@gmail.com

In re Javier Almaraz
   Bankr. D. Nev. Case No. 24-12415
      Chapter 11 Petition filed May 16, 2024
         represented by: Michael Harker, Esq.

In re Edminton Group Ltd
   Bankr. E.D.N.Y. Case No. 24-71877
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/SPIFZ5I/Edminton_Group_Ltd__nyebke-24-71877__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Yitzhak Shmuel Enterprises LLC
   Bankr. E.D.N.Y. Case No. 24-42068
      Chapter 11 Petition filed May 16, 2024
      Filed Pro Se

In re Acceleration Educational Services, Inc.
   Bankr. E.D.N.C. Case No. 24-01643
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/SJPWDBA/Acceleration_Educational_Services__ncebke-24-01643__0001.0.pdf?mcid=tGE4TAMA
         represented by: David J. Haidt, Esq.
                         AYERS & HAIDT, PA
                         E-mail: david@ayershaidt.com

In re RBSF Construction Company
   Bankr. E.D. Pa. Case No. 24-11678
      Chapter 11 Petition filed May 16, 2024
         See
https://www.pacermonitor.com/view/A52GWLI/RBSF_Construction_Company__paebke-24-11678__0001.0.pdf?mcid=tGE4TAMA
         represented by: Paul A.R. Stewart, Esq.
                         HELM LEGAL SERVICES, LLC
                         E-mail: pstewart@legalhelm.com

In re Zin Young Kim
   Bankr. N.D. Ill. Case No. 24-07424
      Chapter 11 Petition filed May 17, 2024
         represented by: Ben Schneider, Esq.

In re Bar 13 Inc.
   Bankr. S.D.N.Y. Case No. 24-10854
      Chapter 11 Petition filed May 17, 2024
         See
https://pacermonitor.com/view/WFZM4CY/Bar_13_Inc__nysbke-24-10854__0001.0.pdf?mcid=tGE4TAMA
         represented by: John Lehr, Esq.
                         JOHN LEHR, P.C.
                         E-mail: jlehr@johnlehrpc.com

In re Chad D. Hove
   Bankr. D.N.D. Case No. 24-30202
      Chapter 11 Petition filed May 17, 2024

In re Bradford Kirk Bohman
   Bankr. D. Utah Case No. 24-22385
      Chapter 11 Petition filed May 17, 2024
         represented by: George Hofmann, Esq.
                         COHNE KINGHORN, P.C.

In re Markarthur D Sedlak and Holley J Sedlak
   Bankr. M.D. Tenn. Case No. 24-01797
      Chapter 11 Petition filed May 18, 2024
         represented by: Denis Waldron, Esq.

In re Brian Keith Napier and Shari Lyn Napier
   Bankr. S.D. Fla. Case No. 24-14898
      Chapter 11 Petition filed May 19, 2024
         represented by: Philip Landau, Esq.

In re Nur Home Health Care Inc.
   Bankr. C.D. Cal. Case No. 24-13951
      Chapter 11 Petition filed May 20, 2024
         See
https://www.pacermonitor.com/view/FDPR6DQ/Nur_Home_Health_Care_Inc__cacbke-24-13951__0001.0.pdf?mcid=tGE4TAMA
         represented by: Michael Jay Berger, Esq.
                         LAW OFFICES OF MICHAEL JAY BERGER
                         E-mail:
                         michael.berger@bankruptcypower.com

In re Ronald E. Sweeney
   Bankr. C.D. Cal. Case No. 24-10553
      Chapter 11 Petition filed May 20, 2024

In re Robert Michael Zajkowski
   Bankr. D. Conn. Case No. 24-50354
      Chapter 11 Petition filed May 20, 2024

In re Canvas Pros, Inc.
   Bankr. M.D. Fla. Case No. 24-02518
      Chapter 11 Petition filed May 20, 2024
         See
https://www.pacermonitor.com/view/VGDW3WY/Canvas_Pros_Inc__flmbke-24-02518__0001.0.pdf?mcid=tGE4TAMA
         represented by: Bryan K. Mickler, Esq.
                         LAW OFFICES OF MICKLER & MICKLER, LLP
                         E-mail: bkmickler@planlaw.com

In re East Coast Wildlife Rehabilitation Center, Inc.
   Bankr. M.D. Fla. Case No. 24-02517
      Chapter 11 Petition filed May 20, 2024
         See
https://www.pacermonitor.com/view/U42CS2Q/East_Coast_Wildlife_Rehabilitation__flmbke-24-02517__0001.0.pdf?mcid=tGE4TAMA
         represented by: Robert Zipperer, Esq.
                         ATTORNEY AT LAW
                         E-mail: robertzipperer@bellsouth.net

In re Antonio Tavaris Brown
   Bankr. S.D. Fla. Case No. 24-14931
      Chapter 11 Petition filed May 20, 2024
         represented by: Joe Grant, Esq.

In re Jebb Food Services Inc.
   Bankr. N.D. Ill. Case No. 24-07484
      Chapter 11 Petition filed May 20, 2024
         See
https://www.pacermonitor.com/view/YCPHAMY/Jebb_Food_Services_Inc__ilnbke-24-07484__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Bernard Putter
   Bankr. S.D.N.Y. Case No. 24-22448
      Chapter 11 Petition filed May 20, 2024
         represented by: Robert Lewis, Esq.

In re My Install Pro LLC
   Bankr. E.D.N.C. Case No. 24-01687
      Chapter 11 Petition filed May 20, 2024
         See
https://www.pacermonitor.com/view/3ABWGDQ/My_Install_Pro_LLC__ncebke-24-01687__0001.0.pdf?mcid=tGE4TAMA
         Filed Pro Se

In re Adam Robert Lisk
   Bankr. E.D.N.C. Case No. 24-01680
      Chapter 11 Petition filed May 20, 2024
         represented by: Erin Donnery, Esq.

In re 1333 Baecher Lane VA, LLC
   Bankr. E.D. Va. Case No. 24-71088
      Chapter 11 Petition filed May 20, 2024
         See
https://www.pacermonitor.com/view/GUY25WY/1333_Baecher_Lane_VA_LLC__vaebke-24-71088__0001.0.pdf?mcid=tGE4TAMA
         represented by: Kevin A. Lake, Esq.
                         MCDONALD, SUTTON & DUVAL, PLC
                         E-mail: klake@mcdonaldsutton.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Philadelphia, Pa., USA.
Randy Antoni, Jhonas Dampog, Marites Claro, Joy Agravante,
Rousel Elaine Tumanda, Joel Anthony G. Lopez, Psyche A. Castillon,
Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and
Peter A. Chapman, Editors.

Copyright 2024.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

                   *** End of Transmission ***